Archives For ACCA study

Staying motivated at exam time

soramsey —  28 November 2013 — 1 Comment

by ACCA student blogger Mike Tye

Often around exam time when friends are carrying on their daily lives, getting home from work and doing whatever they please, whilst I’m getting home from work and hitting the books I ask myself, ‘why bother? They’re getting on in life just fine without extra qualifications…’ so this post is going to be about why I put myself through the perils of extra study, especially with the extra pressure at exam time.

Firstly, and I imagine for most people – it’s money!  When the ACCA did a salary survey they found that 61% of their members received a pay increase in the previous year. You may even be in the fortunate position where your employer offers a direct pay increase for every exam you pass!  You can apply this monetary benefit to your individual circumstances as motivation. So if you have a family you provide for, that extra money could go towards them. Alternatively if you feel like spending the extra money on going out, then use that as your motivation. Everyone’s different, but think of the actual gain you will get from a good salary.

Secondly, it sets me ahead of the competition. At the end of the day, if you’re going for a new job then you’re effectively just a piece of paper (your CV) until you get into the actual job interview. You and your friends may know that you’re a hard worker but the potential employer will be looking at cold hard facts, ie your qualifications and experience. It will also be of benefit to your job security, if staff costs are getting too high then employees may start to get laid off.  By having the ACCA Qualification, you can offer your employer not just accounting skills, but you’ll have a background in corporate law, tax, audit etc.

That also leads me onto my final point, the fact that it is such a broad qualification. The skills you learn along the way mean that you don’t have to be just an accountant for your company, you might also lend a hand to friends with tax advice, you might help your company in producing budgets or you might get involved in internal audits.

Further study also influences my personal life, in how I approach problems or situations. The difference is quite amazing between now and when I was younger, especially since taking on the Oxford Brookes BSc degree and the Research and Analysis Project needed to achieve this.

This leads me nicely back to the beginning of this post. When I come across a problem, I can draw on the experience I’ve gained from either my studies or completing the RAP. So when for instance, I start to ask myself about why I’m putting myself through the anguish of all of this extra work, I look at the above positives and it gives me the drive to carry on.

 

 

 

 

 

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by ACCA student blogger Elyse Burns-Hill

When you start the ACCA Qualification, you will make some sacrifices for a few years. How much of your time and energy is spent studying depends entirely on you and what you want out of this qualification.

Aim

Some students choose to aim high; they want to be a prize winner or at least get marks in the high 80s or 90s. These students are likely to spend hours practising and revising. They need to know all the little details to get those top prize winner marks.

Others (most of us) simply want to pass; which for us ACCA students is a 50% mark. If all you want to do is to qualify, then you can afford to put a little less time in. Don’t forget though, you do still need to show that you understand the work and are able to apply principles.

Aptitude

Our brains are all programmed slightly differently, which means we need to put in different levels of work to get the same result.

Some people prefer the numbers-based exams, others prefer word based. Depending on your strength, different amounts of time and practice will need to be put in.

Work

If you are working at the same time as studying, it’s hard to fit in the study around a normal working day. You need to find a timetable that works for you; if getting up an hour early works better than trying to concentrate in the evenings, then do that. It takes discipline, but the reward in the end is definitely worth the effort.

Relaxation time

Whatever your aim or aptitude, you still need to take time out. Make sure you take time to do things you love doing; going for dinner with friends, quiet night in with a movie and popcorn, or simply having a hot shower where everything outside the cubical just melts away.

By doing these things you allow your brain a period to re-energise and you remind yourself that there is something outside of your ACCA studies.

How do you balance life and work with your studies? Please share below.