Guide To Approach ACCA Exam In 2022 - NorthStar Academy

ACCA Syllabus in table format CoursesCMAUSACPAACCACAHireFromUs@NSAAboutUsGalleryTestimonialBlogContactUsDownloadAppDownloadAppACCASyllabus,Papers:GuidetoApproachACCAExamin20221CommentadminMarch2,2022TheAssociationofCharteredCertifiedAccountants(ACCA)isaninternationalbodythatprovidesaccreditedaccountants–CharteredCertifiedAccountantsorACCA. TableofContentsACCASyllabusandPapersTheACCAsyllabusconsistsof13pagesdividedinto3categories:ACCASyllabusintableformat:KnowledgelevelF1–AccountantinBusiness(AB)F2–ManagementAccounting(MA)F3–FinancialAccounting(FA)SkillslevelF4–BusinessandBusiness(LW)LawF5–PerformanceManagement(PM)F6–Taxation(TX)F7–FinancialReporting(FR)F8–AuditandAssurance(AA)F9–FinancialManagement(FM)TimelineforeachpaperpreparationofACCAsyllabusTheweightagelevelofeachpaperinACCAGuidetoApproachACCAExamACCAExaminationTips:EnrollinNorthStarAcademy’sACCAprogramUnderstandingtechnicalarticlesGeneralreadingSoundSleep8hoursHealthMaintenanceLearningProgramKnowingprosandconsaboutgroupstudyResolvingpreviousexamandmockpapersACCAExamSuccessFormulaFAQ’sHowlongdoesittaketoprepareforanACCAexam?WhichACCApaperisconsideredastough?WhichACCApaperistermedtobetheeasiest?CanIstudyACCAcourseswhileworking?WrappingUpACCASyllabusandPapersTheACCAsyllabusconsistsof13pagesdividedinto3categories:1)FoundationalLevel(F1–F3)2)SkillLevel(F4toF9)and3)Professionallevel(PLevel).Inaddition,13papersintheACCAsyllabusaredividedintothefollowingfourlevels:Information(including3papersF1–F3)Skills(including6papersF4–F9)Mandatory(including2pagesP1/P3andP2)Options(including4pagesP4–P7fromany2)ACCASyllabusintableformat:FUNDAMENTALSLEVELKnowledgeexamsF1AccountantinBusinessF2ManagementAccountingF3FinancialAccountingSkillsexamsF4CorporateandBusinessLawF5PerformanceManagementF6TaxationF7FinancialReportingF8AuditandAssuranceF9FinancialManagementPROFESSIONALLEVELP1Governance,RiskandEthicP2CorporateReportingTwoofthefollowingoptionsP4AdvancedFinancialManagementP5AdvancedPerformanceManagementP6AdvancedTaxationP7AdvancedAuditandAssuranceKnowledgelevelACCASyllabusThissectionisyourstartingpointinyourquesttobecomeaqualifiedACCAaccountantandthereforeprovidesyouwithbasicbusinessaccountinginformation.F1–AccountantinBusiness(AB)ThispaperofACCAteachesyouhowtomanageabusinesseffectivelybyunderstandingthecurrentbusinessenvironmentandunderstandingitsimpactontheactivitiesoftheorganization.Italsoemphasizesyourroleasanaccountantandthecontributionyouareexpectedtomaketoorganizationaldevelopmentinaneffectiveandefficientmanner. Thefollowingarticleshavebeenfeaturedinthispaper:Organizationalstructure, Governance,and ManagementInfluencesandbarrierstoenvironmentalprioritiesinbusinessandaccountingTheroleofstorytellersinthebusinessIndividualandteammanagementF2–ManagementAccounting(MA)ThispaperofACCAsyllabusprovidesyouwithinformationonhowtoprepareandprocessbasicvalueinformation,whichcanthenbeusedtosupportdecision-makingprocessesatthemanagementlevel. Thefollowingarticleshavebeenfeaturedinthispaper:EnvironmentandpurposeformanagementandaccountingcostsCost-sharingandlearningaboutethicsanditspurposeComputerspreadsheetsandbusinessstatisticsGeneralcostsandbudgetWaysofcalculatingcostsVariouswaystomakedecisionsF3–FinancialAccounting(FA) ThispaperinACCAteachesyouthebasicconceptsandcoreprinciplesthatgovernaccountingactivities.Itwillalsohelpyoutodevelopthetechnologyofdouble-entryaccounting,whichisthebasisforpreparingandinterpretingallthebasicfinancialstatements. Thefollowingarticleshavebeenfeaturedinthispaper:BackgroundandpurposeoffinancialreportingInterpretationofhigh-qualityfinancialinformationThebasicsofaccountingDoubleuseofaccountingRecordingofaccountingtransactionsandeventsAdjustmentoftrialbalancePreparationofbasicfinancialstatementsSkillslevelThismoduleofACCAsyllabushelpsyoutodevelopexpertiseinsomeofthekeyareas,includingtax,law,auditingandfinancialmanagement,performancemanagementandfinancialreporting.F4–BusinessandBusiness(LW)LawThispaperofACCAcurriculumhelpsyouunderstandthebroadlegalframeworkbyintroducingyoutospecificbusiness-relatedbusinessmatters.Italsoteachesyoutoidentifythosesituationswhereyoushouldseektheadviceofaprofessionallegaladviser. Thefollowingarticleshavebeenfeaturedinthispaper:FundamentalsofthebusinesslegalsystemEmploymentlawConstitutionofabusinessorganizationCompanymanagement,administration,andcontrolThelegalimplicationsofatroubledcompanyMoralandbusinessgovernanceissuesF5–PerformanceManagement(PM) ThispaperofACCAsyllabushelpsyoutodevelopyourskillsandlearndifferentmanagementtechniquesforcalculation.Thepurposeistoteachyouhowtoapplytheavailablevalueinformationandqualityintheplanning,decision-makingandperformanceappraisalprocess. Thefollowingarticleshavebeenfeaturedinthispaper:WaysofcalculatingcostsBudgetandforecastPerformancemeasurementstrategiesGeneralcostandvarianceanalysisF6–Taxation(TX)ThepurposeofthispaperinACCAistoprovideyouwithdetailedinformationonthebusinesstaxplanandtohelpyouunderstandhowitaffectsindividualsandcompanies. Thefollowingarticleshavebeenfeaturedinthispaper:GrantsandprofitsfromtherealestatebusinessLeaseincome,investmentincomeandtradingprofitsPersonaltax,businesstax,high-interestrateandvalue-addedtaxNationalinsuranceF7–FinancialReporting(FR)ThepurposeofthispaperunderACCAcurriculumistodevelopyourskillstounderstandthebasicprinciplesofaccountingstandardsandfinancialreporting.Italsoemphasizestheprinciplesonwhichthefinancialstatementsarebased,whichwillultimatelyhelpyoutobetteranalyzeandinterpretFinancialstatements. Thefollowingarticleshavebeenfeaturedinthispaper:RegulatoryframeworkandconceptoffinancialreportingPreparationoffinancialstatementsAnalysisandinterpretationoffinancialstatementsF8–AuditandAssurance(AA)ThispaperunderACCAwillgiveyoutheinformationyouneedtomakesureyouareinvolvedandensurethatyouunderstandallaspectsofthesameprofessionalmanagement. Thefollowingarticleshavebeenfeaturedinthispaper:AuditcontrolframeworkRiskplanningandassessmentInternalcontrolinformationRecordingevidenceforauditReviewandreportonauditresultsF9–FinancialManagement(FM)ThispaperofACCAteachesyouhowfinancialmanagersusetheirknowledgeandexperienceininvesting,financingandvariousotherdecisions.Kindlyupdateh2forthissectionTimelineforeachpaperpreparationofACCAsyllabusThetimerequiredtoprepareeachpaperofACCAdependsonthelevelofabilityoftheindividualandthatiswhyitisentirelydependent.However,itcanbesaidthateachpaperfromthebasicleveltakesabout2to3months,whileeachexpertlevelpapertakesabout4.5months.TheweightagelevelofeachpaperinACCAThedifficultylevelofeachpaperinACCAcanvaryfrompersontopersonasitisamatterthatdependsverymuchonyourlevelofability,areaofinterestandperspective.However,oneofthemosteffectivewaysofdeterminingthelevelofdifficultyisthehistoricalpassrate.Thehistoricalpassrateindicateshowmanypeoplecanpassthetestandthelowpassrateindicatesthatthepaperisverydifficult.AverageglobalpassrateofACCAis40-50%.GuidetoApproachACCAExamTheACCAexamsareoneofthemostflexibletestsintheaccountingworldandprovideampleopportunityforstudentstochoosehowtheywouldliketowritetheirexams.InadditiontotheflexibilityofferedtoACCAstudents,thepassrateforACCAstudentsrangesfrom40%to60%fromonesubjecttoanother.YoumayhavepassedtheACCAexambyhavingtherightstrategytoprepareforthetest;ourguidewillenablestudentstosuccessfullyandsuccessfullyfamiliarizethemselveswithfutureACCAexams.ACCAExaminationTips:NowwewillprovideyoutipsonhowtoprepareandthemostimportantareasthatneedtobecoveredtopasstheACCAexam.Followtherulesbelowtoclearalllevelsofpaperinoneeffort:EnrollinNorthStarAcademy’sACCAprogramItisimportantforstudentstotakeliveclassesfromNorthStarAcademy,thebestinstituteforACCAinIndia,readthecompletereadingtextandsolveproblemsintherevisionkit.Makesureyoumakeshortnotesonyourowntoreadthem,incase,ifyoucannotmaketheseshortnotesthenthebriefnotesgivenbytheNSAmentorscanbereadthoroughly.UnderstandingtechnicalarticlesTechnicalArticlesarearticlespublishedinACCAglobalwherethelatesttrendsarepublishedforaparticularsubjectandsuchinformationisimportantforstudentsasitcanbetestedinthisareainfuturetests.Pleasenotethattechnicalarticlesarepublishedbytopicandprovidedetailedinformationonthecontentandtopic.GeneralreadingStudentsshouldreaddailyforatleast2hoursaday.Itsoundsveryeasytolearnonly2hoursadaybutconsistencyisrequired.SoundSleep8hoursStudentsshouldsleepwell8hoursaday,thiswillgivethestudenttheabilitytoconcentrateandmakethestudentunderstandthelesson.HealthMaintenanceStudentsshouldkeeptheirhealthorganized,whichisveryimportantforthemtobeabletowriteexams.Ifyouhavelearnedeverythingandarewellpreparedandifhealthisnotright,theneverythingwillgoinvain.Keepinghealthyhas2importantaspectsoneistodrinkcleanandfreshwaterandsecondlytohaveproperdietcycles.LearningProgramOneofthemostimportantaspectsofanACCAstudentlifeishavingaefficientlearningprogram.Ifthestudentdoesnothaveanactionplantostudy,thenthestudentwillnotknowthatthestudentisontherighttracktocompletethesectionsontime.Hereitisimportantforstudentstoplan,basedonthetestdayandpostponethenumberofdaysavailable.KnowingprosandconsaboutgroupstudyItisimportanttoknowtheconsofgroupstudy,tryasmuchaspossibletoavoidgroupstudyasduringthewritingoftheteststhestudentshouldwritethetestsonhis/herown,notaspartofthegroup.Ingroupstudies,therearealwaysonlycertaingroupmemberswhobenefit.Youcanhavedoubtsinthegroupordiscussionsessionsinthegroup.Butproisthatonecanlearnmorebeingpartofthegroup.Chooseaccordingly.ResolvingpreviousexamandmockpapersItisrecommendedthatatleastprevious5papersshouldberesolvedbythestudentbeforegoingaheadwiththeactualexam.ThesepapersarealsoavailableatACCAglobal,unfortunately,multiple-choicequestionsandactivitiesarenotavailableinthesequestionnairesandstudentswillhavetorelyonothersourcestosolveandgainconfidenceinthosequestions.Itisimportantforstudentstosolvequestionsratherthanjustlookatandreadthem.Theproblem-solvingfeaturewillhelpthemtoknowwheretheyarewrongandpreventthemfrommakingsuchmistakesinthefuture.Manystudentshaveahabitofsimplylookingatproblemsandnotsolvingthem,facingmajordifficultiesandchallengesintheexamhall.ACCAExamSuccessFormulaTheSuccessFormulaforTestis2+2=Success.Thismeansthatstudentsneedtoreadthetextbook2timesandreviewit2timesbeforewritingtheexams.Thistypeofactivitywillequipthestudenttocompletethetestandwillenablethestudenttoscorewell.Lastly,itisimportantforstudentstowriteatleast2fullmockexamsbeforewritingthefinalexams.Thiswillletthestudentknowtheareastofocusonintheexamhall.FAQ’sHowlongdoesittaketoprepareforanACCAexam?JustrememberthatACCA’sexamsarenotdesignedtobeeasy–they’redesignedtotestyourskillsandknowledgeatthehighestlevel,soit’snaturalthatyou’llneedsometimetostudy.Itgenerallyrequires2to3monthstoprepareforonepaper.WhichACCApaperisconsideredastough?ACCAhas13papersintotal,dividedintothreelevels.ThehardestpaperofACCAtopassisF8(AuditandAssurance)andP7(AdvancedAuditandAssurance).ItisconsideredoneofthetoughestexamsbyACCAstudents.Thereasonbehinditisitstheory-basednature.WhichACCApaperistermedtobetheeasiest?StudyingACCAisalong-termcommitment.Itisconsideredaninvestmentforyourfuturecareer.Youwillbeabletotakeyourprofessionalqualificationexamswhileyouarestillstudyingandgainpracticalexperienceatthesametime.TheeasiestpapertopassisF4(CorporateandBusinessLaw).IthasthehighestpassrateofalltheACCApapers.CanIstudyACCAcourseswhileworking?ACCAcoursesandexaminationsaredesignedinsuchawaythatstudentscanworkandstudyatthesametime.ACCAistheonlyprofessionalqualificationthatgivesyouanopportunitytobuildyourcareerinfinancewhilestudying.WrappingUpFromtheabove,itseemsthatwritingtheACCAexamisjustamatterofhavingaproperandsystematicapproachtoassessmentthatwillhelpthestudenttoachievetherequiredsuccessinhisorhertests.YoualwaysrememberthatachievingsuccessinACCArequires50%hardworkand50%smartwork.JoinNorthStarAcademytodaytopasstheACCAexaminonego!ToknowmoreaboutourACCAClassesandMaterialskindlycontact+918147470707.admin1CommentMuchvaluableblogforACCA,ThanksNorthStarAcademyReplyLeaveaReplyCancelreplyYouremailaddresswillnotbepublished.Requiredfieldsaremarked*CommentName*Email*WebsiteSavemyname,email,andwebsiteinthisbrowserforthenexttimeIcomment.Tags12thCommerceAccaACCAexamACCAJobOpportunitiesACCAsyllabusbecomeacpabestcmainstituteBestCoursesBudget2022CACACourseDurationcareerCERTIFIEDPUBLICACCOUNTANTcmacmacoachinginindiacmausaCMAUSAcenterscmausaexamcmausaexamfeescmausainindiaCMAUSAinkeralacmausajobsCMAUSAScheduleCourseslistcpaCPAin2022CPAsyllabuseducationalloanEXAMexamfee2022examfeesfinancefinancejobsinbangaloreforfreshersindianBudgetInvestmentbankerlinkedinloanMBAFinancePrometricRegistrationPrometrictestingcentreremoteexamremoteteststudentUnionBudgetUnionBudget2022CategoriesACCA(11)CA(9)Careerguide(6)CIMA(1)CMACareers(9)CMAUSA(53)CPA(10)Education(55)finance(38)Learning(10)Online(2)Uncategorized(3)LetusknowaboutyourbasicqualificationStudentWorkingProfessionalAccepttermsandprivacypolicy.SubmitSetyourProfessionalGoalswithusEverythingisrighthere!Justfillthisform.LetusknowaboutyourbasicqualificationStudentProfessionalAccepttermsandprivacypolicy.Submit