Archives For Corporate and Business Law

exampractice

by ACCA student blogger Timothy Chippindall

There are plenty of resources available to you as an ACCA student. The Internet can provide resources relevant to our studies and these often give us different perspectives from our normal textbooks. As with any syllabus there are different ways to teach, thus allowing for different teaching and learning methods. All of these different ways of learning help but we do need to keep mindful the examining body. ACCA are the body setting the questions and they are very much in the driving seat. This led me in my recent studies to “home in” on the style and type of question I would be expecting in my exams. I found the natural progression from this train of thought was past papers.

There is much more than meets the eye to the myACCA portal. The resources available can help a student focus on applying the knowledge they have learnt, understanding not only the question that may be asked by also gaining a insight into the approach of exams questions. I found it was helpful in the context of studying because I was able to examine the question while not under exam pressure and really get to the root of the question being asked. I can then also see the structure, taking into account how much one question is asking on one topic, or if the question is broader and I am expected to apply knowledge on various topics to obtain full marks. This kind of practical approach can really open up the mind to understanding where the bulk of the marks are going to come from.

I recently took and passed the Corporate and Business Law Paper (F4). One of the ingredients for my success was down to the past papers, but more importantly the detailed feedback I received from using the Practice Test, which can be purchased through myACCA.

This was the first time I have used the Practice Tests and going forward will definitely use again. I cannot stress enough after having used this how useful it was. Particularly for anyone taking the multiple choices CBE based exams. You take the online assessment, which is exactly the same as taking the actual live exam. Once the exam is complete you submit and again as per the real thing you are given a mark. What follows next is the best part. You are provided with detailed feedback on how well you did on each topic area, details of topic or topics the question was asking for and percentages of correctly answered questions, with a simple traffic light colour scheme showing you areas you are excelling at, areas your currently at pass rate for and areas you need to improve on.

This type of resource really is invaluable. It is well put together; it tailors itself to your needs and really gives you direction for your studies. Would I recommend? You bet!

Best

Tim

TimACCAstudentBlogger

by ACCA student blogger Tim Chippindall

My name is Tim, and I am 29 years old and currently studying ACCA. I enjoy working in accountancy and find my work enjoyable and fulfilling. My current role involves providing management accountancy services within a large organization, which is interesting and challenging. Outside of work I enjoy all things aviation, photography and the great outdoors.

I chose this career path because accountancy is the backbone of any business. The skills you can learn and develop are integral in any industry. Plus, a career as an accountant can take you anywhere, provides daily challenges and pushes you to deliver the best possible service you can.

The ACCA Qualification appealed to me because it’s globally recognised. The idea of being able to work and network with people across the world, with similar remits, makes the career opportunities great. I chose ACCA after looking through the syllabus; the broad areas you study, combined with the experience you have to achieve really promotes what a good qualification it is to have.

I am working through the Fundamentals level of the qualification the moment. My degree was not accountancy based, so I had to start from the beginning. I’m currently studying for Paper F4, Corporate and Business Law, which I plan to take it in January 2015, and then I am looking at take F5 and F6 in the summer… a busy few months ahead!

My ambitions for the future are to continue to broaden my experience. An Advisory role with links to strategy and development of a business would be fantastic, as would experience working in an audit based role.

by ACCA student blogger Naresh John

Hey all…. within the blink of an eye, we’re facing them again…exams!! What once had me thinking (and a bit scared), was the pass rates of paper F4 – Corporate and Business Law. They were quite scary to look at, as they continuously decrease over the years. I asked myself, ‘What is the reason for this? Is the paper that difficult? What do I need to do to pass this paper?’

Well.. I found my answer when I attempted this paper in the December 2012 sitting. What I found was this paper probably overwhelms students by the amount of information presented in front us. As such, we suffer from information overload when studying.

After being very successful in this paper (attaining 1st place the Caribbean region), I can say that this state of mind can be overcome. The first thing that one should do is approach this exam paper with an open mind – don’t have any predispositions about it based on opinions expressed by colleagues or from past statistics, but think of it as if it’s the first time you are hearing about this paper.

Secondly, use your class notes, ACCA textbooks and the study kit to revise. As this course is theory based, the study kit answers are of the most help, as answers cannot vary to suit the scenario, but are consistent with the kit. You should aim to read all that is necessary at least five times before the exam (I did it ten times), so that you remember it well.

As far as remembering cases, it is not mandatory, but it is useful for showing the examiner that you know about the origins of the law and principle. Mentioning the name of the case related to the topic is sufficient, so don’t worry about remembering all of the case details.

Finally, enter the exam hall full of confidence, knowing that you have studied sufficient material to not just pass, but to score a high mark.

Till next time peers, keep well and good luck in the upcoming exams!