Dave O'Donoghue from AccountancySchool.ie shares some words of wisdom ahead of the December ACCA sittings....

To help in the preparations for the December ACCA (and other) exams the following may be useful.  Brought to you by Dave O’Donoghue and his team at AccountancySchool.ie and CharteredGrinds.ie.

The most crucial point is to set out some plan for yourself and strive to stick to it, study plans are proven to increase significantly the probability of success in the exams. If you have a study plan the guilt you can feel, when you are partaking in the other parts of your life, will be significantly less.

‘Fail to prepare, prepare to fail’

  1. Draw up a table, or use Excel spreadsheet, with columns for the hours of the. This can be from when you wake in the morning, until you go to bed,(7am to 11pm). Don’t forget to include the weekends.
  1. Block out your working hours and your other fixed and unchangeable commitments eg going to the gym, free time at the weekends
  1. Try to limit your study time to blocks of 2-3 hours. In my experience in teaching/tutoring for the professional accountancy exams, I have found that in general, an overly long study period is not as effective as shorter concentrated study time. i.e. the longer you study the less you retain.
  1. Consider the number of papers you are sitting, normally 2 exams for a December sitting and allocate sufficient time for each subject. 5 to 7 hours study per week in addition to any lectures you are attending should be enough. You will need to increase this slightly for the last 2 or 3 weeks before the exam.
  1. For each week of the Plan include the following (assuming that you are attending a structured course):
  • Review the theory and questions covered in class, including a review of recording if necessary (2 hours)
  • Complete any homework given out in class (2 hours)
  • Revision of materials from earlier lectures (2 hours)

The last 2/3 weeks should be dominated with practice questions – the very best way to prepare.

(Dave O’Donoghue is Managing Director of AccountancySchool.ie where he and his team help students prepare to sit the professional accountancy exams nationally. Meet Dave on Linkedin here >>> and read this original article here>>>)

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