The Association of Standard Chartered Accountants exams are well-known for their proficiency in examining candidates’ accounting and critical thinking skills. For students in Ireland and elsewhere, significant preparation is required to excel. The ACCA calculator is another important device for the exam. This guide will teach you all things you need to know about using a calculator during ACCA exams in Ireland.
What Type of Calculator Can You Use for ACCA Exams in Ireland?
There are specific guidelines for using calculators during the ACCA exams. These guidelines are marked by the Association of Standard Chartered Accountants. Here are the types of calculators you can use in the exams.
Only non-programmable calculators
ACCA allows non-programmable calculators. This restriction is to prevent the use of devices with memory storage, internet connectivity, or advanced programming features in the calculator.
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No Graphical Calculator
Calculators with advanced graphical features are strictly prohibited. Why? Because these calculators can plot graphs and perform advanced calculus. These devices have enough advanced features that can give unfair advantages to the students.
Basic Calculator
Basic calculators are acceptable as they do not have any sort of programmable feature. They are best for simple arithmetic functions such as addition and subtraction.
Scientific Calculator
Scientific calculators are useful for more complex calculations, such as statistical equations, trigonometric functions, and logarithms. Many ACCA candidates prefer scientific calculators because they can perform complex finance-related equations.
Factors to consider before choosing a calculator
Here are a few guidelines provided by ACCA. Students can keep that in mind with how many types of calculators are allowed.
Avoid Multifunctional Devices/ Calculator
Keep away from buying multipurpose devices. Devices that combine calculators with other tools such as smart watches and tablets are not allowed in the examination halls. So, do not buy such devices.
Consult with ACCA or Exam Center
If you are confused about which model to buy, contact ACCA or the exam center to know which calculator they can verify. This will give more clarity to you before buying any model.
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Check the specifications of the device calculator before buying
Look for the following features before purchasing a calculator; here are the factors that should be ticked.
- Basic scientific calculator
- No memory or text storage calculator.
- Non-programmable
- Multipurpose devices such as smart watches linked with calculators.
Popular Calculator Models for the ACCA Exam
While ACCA does not publish a precise list of authorized calculators, the following models are frequently recognized by ACCA candidates and comply with the guidelines:
- Casio FX 82MS
- Casio FX-85GT Plus,
- Sharp EL-W531,
- Canon F-715SG.
These devices are basic scientific calculators that comply with ACCA regulations. They provide adequate functionality for financial and accounting calculations while avoiding banned features.
Which subject exams need a Calculator
Not all ACCA tests require a calculator, but many of the primary subjects include numerical calculation, making ACCA calculators important. Below are the subjects.
Applied Skill Level
In performance management (PM), a scientific calculator is required to calculate variances, ratios, and costs. Financial translations, financial ratios, and cost projections are all part of financial reporting (FR). Audit and assurance (AA) has few uses for numerical data analysis. Financial management (FM) is essential for discounting cash flows, IRR, and NPV calculations.
Strategic Professional Level
Advanced Performance Management (APM) entails evaluating performance indicators and doing statistical analyses. Strategic business reporting (SBR) may necessitate simple financial calculations.
Optional subjects
Taxation (TX) is essential for calculating taxable income, VAT, and other tax-related data.
Advanced Taxation (ATX) expands on TX by requiring a calculator for more complex tax computations.
How Calculators Help with Exams
Calculators are highly useful during exams and in ACCA as well. It will give answers with more accuracy and precision. Below are a few ways calculators can help you.
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Save precious time
Saving time on calculation during exams allows you to focus on understanding and analyzing exam scenarios. Moreover, enough time is saved for solving other exam portions. Time-saving during exams is critical and important at the same time.
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Reduce Errors
Calculators limit the chance of blunders, ensuring precision and accurate answers.There is probability that manual calculations do generate errors and mistakes.
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Help in fast calculation
A calculator speeds up calculation with accurate answers.ACCA exams frequently involve complicated calculations including tax percentages, financial ratios, and currency conversions.
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Enable Focus on Strategy
With the mechanical chore of number crunching assigned to a calculator, you can focus on analyzing the data and applying them strategically.
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Saves you from mental math
A calculator can save you from doing calculations in your own mind. This can save you enough energy and you can calmly focus on the exam without panicking.
Conclusion
It’s a compulsion to use a calculator during ACCA exams. It not only helps students in calculation but it can save a major portion of their time in exams. Moreover, the guidelines given by ACCA for using calculators should be kept in mind by students. So, during exams using ACCA calculators they will not find their self doing guideline violation. However students can buy best suited calculator models.
Frequently asked question(FAQs)
Can I use a programmable calculator in the examination hall for ACCA?
No, programmable calculators are strictly prohibited, Only non-programmable and basic scientific calculators are allowed.
Can I use a graphical calculator during ACCA exams?
No, graphical ACCA calculators are not allowed in ACCA exam requirements.
How can I be sure my calculator fit in with ACCA rules?
Choose a calculator that is not programmable and does not have additional features like text storage or internet access. Casio FX-82MS is a reliable choice.By following these rules and selecting the appropriate calculator, you will be well-prepared for your ACCA exams.
Are calculators provided during the exam?
No, Calculators are not given by exam centres; you must bring your own ACCA calculator.
Do all ACCA exams require a calculator?
No, although numerical analysis papers like taxation and Financial Management need calculators.
