INTRODUCTION:
ACCA exams are quite challenging and require the utmost focus as well as dedication if you want to give an exceptional academic performance. Therefore, just learning and practicing is not enough to prepare yourself for these complex financial exams. Aspirants are advised to divide preparation time into two phases: the learning/understanding phase and the revision phase. Normally, students do not focus on revising; rather, they allocate all their time to cramming or rote learning. However, these techniques do not succeed as ACCA exams are structured uniquely and examine an aspirant’s analytical & technical skills along with academic knowledge.
Effective revision can help aspirants in mastering examination skills, critical thinking, strategic decision-making, and problem-solving techniques. There are various effective revision strategies that you can follow to ensure you are on the correct path; to learn more about these strategies, continue reading the blog.
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BEST ACCA REVISION STRATEGIES:
The following are some of the best revision strategies that have proved to be fruitful for many students.
1: START WITH A MANAGEABLE REVISION PLAN:
After your learning phase is over and you have finally reached the revision phase, now create a separate schedule for it. You can break down your comprehensive ACCA curriculum topic-wise and allocate time to each topic according to the complexity of that academic area. Set smart goals for each revision session and try to achieve them; this way, you will be motivated to learn more. Do not exhaust yourself with too much study pressure; give yourself some rest by taking study breaks to avoid burnout.
2: MASTER THE SYLLABUS AND EXAM STRUCTURE:
While revising, make sure you have covered all of the ACCA curriculum; do not miss out on any topic, no matter how irrelevant or easy you find it during revision. After that, master the exam structure/format (MCQs, scenario-based questions, etc) and the marks allocation. This will help you in structuring relevant answers for that exam.
3: USE PAST PAPERS AND EXAMINER REPORTS:
Utilizing past papers during revision can help you in getting a better understanding of your academic standing at the moment, it can improve your answer structuring, and problem-solving skills (if attempted under exam conditions). Additionally, go through the examiner’s reports to learn about the common mistakes and the examiner’s expectations; then try constructing answers per it to get better grades.
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4: ACTIVE RECALL AND SPACED REPETITION METHOD:
The active recall method means trying to write out the understood topic or explain it from your memory, with books closed. Whereas, spaced repetition means recalling topics again and again over time to ensure you are not losing track of them. Applying both of these methods can increase your memory space and affect your academic performance positively.
5: USE ACCA-APPROVED RESOURCES:
Whichever study resources you are leveraging have a great impact on your academics. Choosing an unreliable resource can hurt your ACCA exam results. Therefore, always use ACCA-approved resources only, as their study material, revision kits, and mock exams are in alignment with the ACCA standards.
6: FOCUS ON APPLICATION, NOT JUST THEORY:
As mentioned before, if you want to crack ACCA exams, having a wealth of theoretical knowledge isn’t enough; rather, you should be able to apply those theoretical concepts in real-life scenarios. Mostly, ACCA exams are based on scenario-based questions only; therefore, solve financial case studies under timed conditions so that you will have an idea about applying theory efficiently.
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7: JOIN A STUDY GROUP:
Discussing complex topics with peers whom you came across during revisions can help you reinforce your understanding. These groups also help students stay motivated and consistent with their study or revision plans.
8: MAINTAIN MENTAL AND PHYSICAL HEALTH:
Do not compromise on your health. Preparing for complex ACCA exams can be pretty exhausting and overwhelming. But compromising on your mental or physical health will do you no good; therefore, get enough sleep, eat healthy, and take small breaks. Consistently pushing yourself even when you realize you are out of energy can never be productive.
9: TIME MANAGEMENT:
During revision, make sure you concentrate on developing time management skills. ACCA exams are quite comprehensive and require effective time management skills if you aim to give an outstanding academic performance. Students are advised to allocate time to each question according to the marks weightage of that question and avoid wasting time on a single question only.
COMMON MISTAKES TO AVOID IN ACCA REVISION STRATEGIES:
Here are the tips for what you need not to do during your revision phase:
- Cramming when exams are too close
- Overlooking effective time management, mark allocation, and answer construction techniques.
- Passively reading notes only without testing your academic standing.
- Panicking during ACCA exams and wasting time in constant ranting.
- Overburning yourself thinking it is productive.
CONCLUSION:
If you want to give a good academic performance in ACCA exams, you need to focus on revision plans as well. Consistently following ACCA revision strategies can help you get a better understanding of the complex financial areas and familiarity with the exam format. Therefore, allocate half of the time to revisions and follow certain strategies like creating realistic revision plans, familiarizing myself with the ACCA curriculum and exam format, focusing on the application of the theory, etc. If you incorporate all these strategies in your revision plan efficiently, you can ace these complex ACCA exams quite easily.
FREQUENTLY ASKED QUESTIONS:
Q1: Do I need to create a separate revision plan for each ACCA module?
Answer: Yes, you need to create a separate revision plan based on the nature and academic relevance of the module.
Q2: How many hours a day do I need to allocate to each ACCA exam?
Answer: Generally, it depends on your learning pace, but normally you need to allocate at least 3-4 hours a day to each ACCA module and make sure you are not distracted during this period.
