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by ACCA student blogger Pantelis Fouli

‘There is one quality that one must possess to win, and that is definiteness of purpose, the knowledge of what one wants and a burning desire to achieve it.’ Napoleon Hill

It is a well-known fact that only 3% of adults have clear, written goals. We come together every so often because we have a common goal, and that goal is to qualify as an ACCA, so let’s practically see how we will approach our common goal.

  • Step 1: Decide exactly what you want.
  • Step 2: Write it down.
  • Step 3: Set a deadline on your goal. Set sub-deadlines if necessary.
  • Step 4: Make a list of everything that you can think of that you are going to have to do to achieve your goal.
  • Step 5: Organise the list into a plan.
  • Step 6: Take action on your plan immediately.
  • Step 7: Resolve to do something every single day that moves you toward your major goal.

Let’s use myself as a practical example:

  • Step 1: Qualify as an ACCA, successfully pass my remaining two papers P2 and P6, and commence college on 6 July for my P2 studies.
  • Step 2: Done.
  • Step 3: Deadline, sit and pass P2 in December 2015. Sit and pass P6 in June 2016.
  • Step 4: Sign up for college (evenings); study first thing on Saturday and Sunday mornings; attend all lectures; attend all progress tests; attend all mocks; work through at least six past papers; and solve the revision kit twice.
  • Steps 5 and 6 are self-explanatory.
  • Step 7: Wake up each morning an hour earlier to make sure I can read at least 10 pages of a good book; workout first thing to get the endorphins released (happy hormones!); and review my weekly and monthly goals.

Don’t forget to connect to ACCA’s Learning Community

I intend to keep in touch more regularly. An ACCA student recently left me some great feedback on my LinkedIn profile regarding my blogs. What she and most of you may not realise is the strength and motivation this gives me to carry on with this exceptional professional qualification – so thank you!

Feel free to connect with me for any further questions you may have. Until next time!

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revision_resources

Our last blog post What will your revision look like?’, talked about how you are planning to prepare for your exam, but what revision resources will you to be using to ensure exam success?

Preparation is the key, so here are some useful resources that you will need when revising for your exams.

1. Video and podcasts – listen to experienced lecturers as they take you through how to answer questions in the exam you are sitting.

2. Specimen exams and past papers – use to familiarise yourself with the exam format and practice answering exam questions, so you’re as prepared as you can be for the real exam.

3. Examiners’ Interviews – helps you to understand what the Examiners’ are looking for in terms of exam performance – an essential resource to help you towards exam success.

4. Practice Tests – sit under exam conditions and get personalised feedback highlighting your strengths and weaknesses so you can refine your revision.

5. Learning Community – join for paper-specific study groups and discuss and share revision tips with fellow students.

Good luck with your revision.

TechAccountant

by ACCA student blogger Naresh John 

Hi all…so we’ve passed over the hurdle of results, I hope everyone was successful in their exams.

We’re approaching 2015 and already we’re seeing the dawn of a new era in education: From free online courses, like Discovering Business in Society to how we sit ACCA exams – as of January 2015 papers F1-F3 will only be available through Computer-Based Exams (CBEs) in certain countries. This shows us that technology is giving us new options and allowing us to do things in new and more efficient ways.

We as future accountants are exposed to technology in every aspect of our lives including work, study and leisure. Therefore in this article, I focus on how technology impacts our daily lives, referring to my own experiences and specifically relating to work and study.

Within the workplace, the internet leaves us with information overload on most occasions due to the near unlimited access we have. As such, we must use information wisely in order to achieve efficiency and effectiveness at work.

Technology in the workplace can be utilized in several ways:

Mobility and access to information

With the use of video technology and the use of Virtual Private Networks (VPN), employees no longer need to be in the office in order to communicate with their colleagues or have access to information related to work. Video technology can result in virtual meetings being set up via the use of programs such as Skype and will reduce transportation cost to the firm. With the use of VPNs, employees can configure their device to have access to the organization’s network once they have an internet connection. This will facilitate working from home which can motivate staff.

Improvement in efficiency

Technology saves times by speeding up the work flow process. This includes digital filing systems which save space, paper and printing costs. The use of computer systems allow for corrections to be made instantly via the use of software such as Microsoft SharePoint. In addition, submissions of documents for approval can be carried out quickly as the documents could be forwarded using email or via the intranet. This will save time especially in the case of submissions to be made to superiors who are not in the same geographic location.

Enhanced communication

Quite often, messages can be distorted when it passes through different individuals via ‘noise’. As such, the use of technology can allow messages to be sent to the all the parties necessary at the same time to ensure that the same message is received. In addition, communications will be quicker through the use of instant messaging and emails as opposed to letter writing or telephone calls.

With regards to study and academic related tasks, technology plays a key role as it has shaped the way that I carry out these tasks:

Life hack ‘to-do list’ apps  

Our daily routines and special events can be set on our phones or laptops to remind us of what we have to do for the day. This includes leisure as well as study time. As such, we can set study schedules in order to utilize our time more efficiently so that we can achieve the objective of passing all our exams.

Socialising with fellow students across the globe

Information technology has broken down the barriers of communication globally. Tools such as blogs, video communication and social networks (like the ACCA Learning Community) can connect global networks of individuals with a common interest. This allows for the exchange of ideas and getting a wider range of perspectives than if the individual was restricted to socialising with individuals from their country alone.

These are just a few of my thoughts as I believe that technology has indeed shaped our lives differently. While there are the benefits, there are also the inherent risks such as security issues (hackers, identity theft etc). We must therefore keep in mind that having the technology would not benefit us by itself, it is how we utilize the technology that will make our lives easier and more effective.

I wish you all the best for the upcoming semester. Take care till next time.

 

Photo by Luke Wroblewsk via Flickr