FAR December 2023 Q1 Tutor Debrief
Watch our sample debrief, taken from the FAR course within our Professional Level subscription package. We have also provided some downloadable PDF questions to consolidate your knowledge from the video.
Latest
How to Pass the ACA Law Certificate Level Module: Mastering Contract Formation
A solid understanding of contract formation is essential for passing the ACA Law Certificate Level paper. This guide will summarise the key aspects of contract law, including contract validity, offer and acceptance, consideration, and more, to support your exam preparation and build foundational legal knowledge. The Validity of a Contract
The 3 best ways to fail Case Study
Looking to answer the question of how to pass the ACA Case Study? Don't do these things!
How to Pass the ACA Management Information Module: Mastering Marginal and Absorption Costing
Understanding the differences between marginal costing and absorption costing is essential for success in the ACA Management Information module. This overview will break down the definitions, comparisons, and practical insights needed to ace this part of the syllabus and apply these concepts effectively. Marginal Cost and Marginal Costing Marginal Costing
Developing Mental Resilience
Techniques for Building Resilience Resilience isn’t just a buzzword; it’s one of the most important elements in your quest to answer the question of how to pass the ACA. Think of it as your mental muscle, the one that helps you lift weights in the gym of professional
Mastering the Pomodoro Technique for ACA Success
The Pomodoro Technique, developed by Francesco Cirillo in the late 1980s, is more than a catchy name. It’s a proven time-management method designed to enhance focus and sustain energy—perfect for ACA students managing extensive study material. Here’s how this technique can streamline your studying and boost productivity.
How to Pass Your ACA: Overcoming Common Challenges
Preparing for the ACA exams can feel overwhelming. If you've ever found yourself buried under piles of notes and textbooks late at night, struggling to absorb complex concepts and formulas, you're not alone. Many candidates experience the same sense of being swamped with information and lacking
Mastering Active Recall for ACA Exam Success
How to Pass the Business Strategy and Technology Module: Ethics, Sustainability, and ESG Overview
Strategy and Ethics Ethics and morals play a fundamental role in shaping business strategy. While morals pertain to personal principles of right and wrong, ethics involve the broader standards governing conduct within a society. Business ethics span personal behaviour, corporate conduct, and broader responsibilities encapsulated under Corporate Social Responsibility (CSR)
How to Pass the Financial Accounting and Reporting Module: Understanding Financial Instruments
Navigating the complexities of financial instruments is crucial for success in the Financial Accounting and Reporting module. This guide explains the foundational aspects of IAS 32, IFRS 9, IFRS 7, and IFRS 13, offering clarity on recognition, measurement, and disclosures. Master these concepts to excel in your studies and professional
How to Pass the ACA Audit and Assurance Module: Mastering Audit Planning
Planning is an essential component of any successful audit and understanding it is vital for the ACA Audit and Assurance module. Here’s a detailed breakdown of key elements you need to know for exam success. The Need to Plan Purpose of Planning * Planning ensures audits are efficient and effective,
How to Pass the Business Strategy and Technology Module: Strategies for Change
The Need for Change The Need for an Organisation to Change or Develop Organisations often face various triggers for change, such as: * Environmental Changes: Competitor actions, customer spending habits, legislative updates, and economic shifts. * Products or Services Evolution: Driven by customer demands, competitor strategies, and technological advancements. * Technology and Working
Business Planning: Banking
How to Pass the ACA Business Planning: Banking Module: Prudential and Conduct Regulation Including Reporting Requirements for Banks
The Regulatory Framework for UK Banks * Regulation aims to prevent excessive risk-taking and systemic bank failures. * PRA and FCA collaborate globally on prudential standards. Group of Twenty * G20 focuses on global economic stability and financial regulation. * Prudential regulation has been a priority since 2008. Financial Stability Board * Promotes international financial
Mind Management
Why the Right Mindset is Everything
When preparing for the ACA exams, it’s important to understand that success isn’t just about intellectual ability. Chartered Accountancy challenges not only your knowledge but also your mental resilience. Mastering the right mindset is not an optional extra—it's essential. Your mind acts as the command
Management Information
How to Pass the ACA Management Information Module: Mastering Standard Costing and Variance Analysis
Understanding standard costing and variance analysis is crucial for the ACA Management Information module. This overview will help you grasp these essential concepts and apply them effectively to succeed in your studies. Standard Costing and Standard Costs Standard Costing Definition * Standard costing is a control technique comparing actual costs to
Principles of Taxation
How to Pass the ACA Principles of Taxation Module: Understanding Employment Income
Mastering the intricacies of employment income is crucial for success in the ACA Principles of Taxation module. This guide will help you navigate the essential topics, including how to calculate assessable employment income, identify taxable and exempt benefits, and understand the PAYE system. Employment Income Calculation What is Employment Income?
Financial Accounting and Reporting
How to Pass the Financial Accounting and Reporting Module: Mastering Intangible Assets
Introduction Understanding the accounting treatment for intangible assets is essential for success in the Financial Accounting and Reporting module. This guide delves into the key concepts and standards outlined in IAS 38, providing clarity on recognition, measurement, and disclosure requirements. Whether tackling exams or real-world applications, having a solid grasp
Assurance
How to Pass the ACA Assurance Certificate Level Module: Mastering Internal Control and Information Flows
Understanding internal controls and information flows is crucial for any aspiring accountant looking to pass the ACA Assurance Certificate Level paper. This foundational knowledge not only prepares you for exam success but also equips you with real-world skills essential for your future career. In this post, we break down key
Business, Technology and Finance
How to Pass the ACA Business, Technology and Finance Certificate Level Module: Understanding Business Strategy
Business strategy is a core element in the ACA Business, Technology and Finance module, laying the foundation for understanding how organisations plan and achieve their long-term goals. This guide will break down essential concepts, strategic planning processes, and practical tips to help you excel in your exam. What is Business
Business Planning: Banking
How to Pass the ACA Business Planning: Banking Module: Mastering Risk Management
Risk management is a fundamental topic in the ACA Business Planning: Banking module. Below, you'll find essential points to help you understand and excel in this key area. The Nature of Risk Definition * Risk refers to exposure to harm, loss, or danger. In banking, this includes risks like
Case Study
November 2023 Case Study exam: a quick review
Our summary of the most important learning points from the November 2023 past paper to help with the question of how to pass the ACA Case Study exam.
Law
How to Pass the ACA Law Certificate Level Module: Mastering Insolvency Law for Your ACA Exam Success
Understanding insolvency law is essential for anyone preparing for their ACA exams. This field involves navigating complex processes that ensure businesses and individuals manage debt effectively. In this post, we will break down key aspects of insolvency law to help you solidify your knowledge and succeed in your exams. 1.
Assurance
How to Pass the ACA Assurance Certificate Level Module: Mastering Substantive Procedures
Understanding substantive procedures for key financial statement figures is a vital skill for any aspiring accountant preparing for the ACA Assurance Certificate Level paper. This topic not only plays a major role in exam success but also prepares you for practical audit work. In this guide, we break down the
Business Planning: Banking
Business Planning: Banking 2023 Examiner Tips
Listening carefully to the examiners provides some of the best possible advice on how to pass the ACA Business Planning: Banking paper. Here you can read our summary of the most important points passed on to tutors at the 2023 Tutor Conference.