Archives For ACCA journey

Have self-belief!

theaccablog —  25 September 2015 — 1 Comment

Selfbelief

by ACCA student blogger Pantelis Fouli

Self-belief even spans further into your life, into your professional and personal endeavours.

For things to change for you, you have to change. For things to get better for you, you have to get better. Do not wish for it to be easier… wish you were better! Don’t wish for fewer problems, wish for more skills – and that is precisely what I want to talk about in this blog.

Reconnect to that self-belief to increase your skills within our craft – that craft being that we all share ACCA.

Many people ask the great teachers of our time, what is success? And they sit and wait for a huge, complex answer. The great Jim Rohn said, ‘success is the steady progress in reaching your personal goals, designing your life like you want it and making that steady progress in getting there’.

We all have the core beliefs of what it takes to master our studies and to be successful in our ACCA exams. They are simple and clear. They are easy to follow, easy to do, but what’s easy to do is also easy not to do and that’s the habit we need to get out of.

Our personal circumstances do not get better by chance, they get better by change. Without a sense of urgency, desire loses value.

Another eternal question: what’s the secret to happiness? The answer I have heard many of the greats articulate is progress! Yesterday’s learning won’t keep me where I am today… I need to go and do today’s learning.

It isn’t about what that ACCA course costs… it’s what it will cost if you don’t invest in it. The books you don’t read won’t help.

If you think education is expensive – try ignorance!

Please stay tuned for when I will elaborate on the 10 foundations of success in my next blog.

For anyone wishing to get in touch with me, connect with me via LinkedIn but please mention in the personal message that you are an ACCA student.

Till next time!

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by ACCA affiliate blogger Rizwan Khanani

Looking for a job? Have some time to spare? Well, use it well! But how?

After wasting hundreds of precious hours, I have come to understand just how important time is and just how scarce a resource it really is.

Well, better late than never, I have realised some things every young finance professional should do whenever he/she can find the time.

  • Learn Microsoft Excel
    Make sure to gain a good understanding of MS Excel as it is your primary weapon in the field of finance and accountancy. Please don’t procrastinate like I did… I thought it was pretty simple and that I would grasp it once I secured a job or internship.Trust me, Excel is an amazing tool that will make your work life much more efficient. If you are not yet proficient, attend an Excel course, and supplement what you learn with some great tutorials that are available online.
  • Watch financial scandal documentaries
    During our academic lives, we come across names like ‘Enron’, ‘Bernie Madoff’ and ‘Lehman Brothers’. We only get to hear about the frauds that have been committed, but do we ever know the full story? If you can spare a few hours, try and watch documentaries like ‘Smartest guys in the room’ (Enron), ‘Too big to fail’ (Lehman), ‘The next financial crisis’ (US economy crisis), which all explain in great detail the events that led to these huge corporate failures.
  • Read
    This can be for any business graduate or even a science graduate who is willing to invest time in their personal growth and expand their views on things, events and people. Some books I would personally recommend for this purpose are:
    Seven Habits of Highly Effective People
    Who Moved my Cheese?
    Freakonomics
    One Minute Manager
    Communicate to Win
  • Look for an internship or a part-time job
    Real life experience beats everything. There is no substitute for it. Even if the job is not relevant, if you are a new graduate, you have much to learn and the corporate world has much to teach you.
  • Pursue your interests
    It’s a dream come true if you have a job that you enjoy doing. But what about your free time? If you are an affiliate or have just completed your exams, why not take some classes for that hobby or interest that you have always wanted to pursue, but maybe have had to put off while studying? It can be anything – rock climbing, music, sketching, public speaking, painting, martial arts, literature, writing… whatever.
  • Learn a second language
    This may not be for everyone but, for most of us, learning a second language can be a huge advantage if you plan to work at a multi-national corporation or want to move overseas.

Have fun utilising your free time in the most efficient manner!

Reignite your passion

theaccablog —  1 April 2015 — 2 Comments

Chinese student reading on campus

by ACCA student blogger Adhitya Fadriansyah

Hi everyone! Greetings from Indonesia. Lots of us will be preparing for the upcoming exam session in June. If you have not done so, it’s better to start now as there will be no good outcome if we keep on procrastinating our study. As for myself, I passed one out of three exams I attempted back in June 2014 and I decided not to take an exam in December. At the beginning, I found it a little bit challenging to restart my studies again as it has been over a year since I have taken an exam. However, my top tips for staying on track when restarting my studies are:

1. Take a vacation. It is very easy to fill up your mind with a negative mindset due to the fear of failure. For me, one of the most effective ways to clear my mind is to have a vacation with my family. Once you have removed the negativity from your mind, you can start off your studies with a fresh mind.

2. Remember your goal and the reason for your motivation.

‘Begin with the end in mind’ said Stephen Covey, the US author, educator and businessman. By knowing the end goal, it will be easier for you to overcome any challenge you might face. Make a token out of your biggest motivator, be it a picture of your spouse, your children, your family/friends, and hang them in your cubicle/study desk to let it act as a reminder for you to reach your goal.

3. Do the simple things first to get started and increase the frequency and difficulties gradually.

Do not get bogged down by imagining the most difficult part of the exam. Believe in yourself that there is no problem or question too hard to be solved. Break down the hard topics into smaller and easier parts, and work on them step by step. Once the ball has started to roll, you will eventually be self-motivated.

I wish everyone the best result for the upcoming exams. Studying for my two final papers has been very challenging for me. However, I believe that there is no bar higher than the bar we set ourselves. With that being said, let’s raise the bar even higher, overcome the hurdle and reach the blue sky!

Student Accountant editor’s note:
How are your preparations going for your next exam(s)? Email us at studentaccountant@accaglobal.com to say how you’re preparing or comment on this post

Reflecting on my ACCA studies before my last exam

by ACCA student blogger Yani Shi

How time flies! I am in the last few months before I finish all my ACCA exams. I completed my master’s degree last November and I am working as an auditor now. This is my last article on the ACCA student blog, and in it I am going to reflect on my years studying ACCA and look forward to my career in finance.

I have already been studying ACCA for about five years, and I will be sitting the last paper – P5 in June. Through studying ACCA I have not only learnt professional knowledge in accounting, auditing, taxation and management, but many other things which I believe will have positive effects on my future career. I have learned critical thinking skills and various study methods that will help me adjust to new work environments and learn from practice quickly and confidently.

I started working as an auditor in an accounting firm in China two months ago. I believe what I have learnt from studying ACCA will have indirect benefits for me, as well as directly benefitting from what I have learned from the syllabus.

ACCA will help me get promotions and work as a leader in the future, either in accounting firms or in big international companies. I hope to finish the last paper successfully in June so that I can become an ACCA member as soon as possible. I know there are still many things I need to learn, so I will continue learning to keep my knowledge up to date and I will learn from practice.

The current economic climate is challenging, but there are still many opportunities out there, especially for qualified accounting professionals in China. It is crucial to equip ourselves with the relevant knowledge and skills and have an international view of business, so that we are able to survive fierce global competition. I think ACCA will help me achieve my career goals; one day I want to become a professional working at the top of a world-leading accounting firm or in an international company.

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by ACCA student blogger Hafeez Adeboye

December 2013 exams are a few weeks away. Oh, how time flies! It was barely a year ago, December 2012 I was retaking my F8 and F7 papers. And in June 2013, wrote F9 and P1. Now in December 2013, I will be advancing my journey towards completing the ACCA Qualification and achieving ACCA membership.

My previous failures in my penultimate year have taught me the need for effective time management and adequate preparation. You must learn to plan your time around your life style and cultivate the discipline to stick to it.

Planning your time is one thing, managing it is another entirely. That is why you need discipline. After all, in my opinion you only need about 185 hours of study time per exam paper. This sounds like a pretty small fraction of 2,304 hours available between results release and the next exam session.

The 185 hours includes working on past exam papers, study and revision. Modest though it appears, this is actually no mean feat for a working student such as myself.

One setback I face is getting my study leave approved by my employer, because I occupy a sensitive role. So it’s sometimes hard to leave early enough to prepare for my exams. This puts a lot of pressure on my time. Discipline was what got me through. Because of it, my preparation was adequate – as my results reflected; I have not failed a single paper since.

Now I am approaching my final preparation for the December ACCA exams. Kindly join hands in wishing me good luck in my papers, as I do the same for you. I know some don’t believe in luck. Well, I do. And I wish you a lot of it in your exams.