⭐️ HOW TO PASS ACCA SBR FIRST TIME & WITH A PASS MARK OF 66! ⭐️| ACCA Strategic Business Reporting |

Summary

In this informative YouTube video, ACCA student Anton shares his successful strategy for passing the ACCA SBR exam with a score of 66. He emphasizes the importance of studying the entire syllabus, utilizing past exam papers under timed conditions, and focusing on key areas such as financial instruments and technical articles. Anton also discusses the value of additional resources like Kaplan and free online materials, and stresses the significance of time management and having a clear game plan during the exam.

Takeaways

• 📚 Start with a solid foundation: Brush up on the Conceptual Framework and key standards before diving into SBR (Strategic Business Reporting).
• 📈 Focus on the breadth of the syllabus: Ensure comprehensive coverage of all examinable standards to avoid question spotting.
• ⏰ Time management is crucial: Plan and adhere to a strict schedule for each question to maximize the marks you can achieve.
• 📝 Practice past papers under exam conditions: Use timed practice to gauge your progress and familiarize yourself with the exam format.
• 🔍 Utilize all available resources: Beyond study materials, explore ACCA's technical articles, Kaplan's practice platform, and free resources like Tom Clinton's podcasts.
• 💡 Understand financial instruments: Even if they seem complex, focus on recognizing and treating them correctly in exam scenarios.
• 📉 Prioritize ethical questions: Know the five ethical pillars and practice applying them to scenarios for quick and accurate responses.
• 📊 Familiarize with performance measures: Be prepared to discuss the context and limitations of using measures like EBITDA in statutory accounts.
• 📉 Develop a game plan: Identify your strengths and plan your approach to the exam questions to tackle them efficiently.
• 🔢 Know your calculator: Be proficient with calculator functions to speed up calculations without errors.
• 🌟 Apply knowledge to real-life scenarios: Use additional resources to understand how to apply SBR concepts beyond just memorizing standards.

Q & A

What is the main topic of the video?

The main topic of the video is to provide tips and strategies on how to pass the ACCA SBR (Strategic Business Reporting) exam.

Who is Anton and what is his relevance to the video?

Anton is a guest on the video who has passed the ACCA SBR exam with a mark of 66. He shares his experiences and strategies that helped him pass the exam.

What study materials did Anton use for his SBR preparation?

Anton used Kaplan study materials for his SBR preparation and followed a structured study plan over a three-month period.

Did Anton take the SBR exam by itself or with another exam?

Anton took the SBR exam by itself, as he found it to be a heavy accounting exam that requires full focus.

How did Anton manage his study time while working full-time?

Anton managed his study time by attending Kaplan's Saturday sessions and revising after work every day, focusing on consolidating knowledge and completing homework.

What is Anton's advice on the importance of covering the entire syllabus for the SBR exam?

Anton advises that covering the entire syllabus is crucial for the SBR exam, as all standards can come up and having a breadth of knowledge is necessary.

Why is practicing past exam questions essential for passing the SBR exam, according to Anton?

Practicing past exam questions is essential because it helps candidates to understand the exam format, manage time effectively, and get a true reflection of their understanding and application of the syllabus.

What challenges did Anton face with the financial instruments topic during his SBR preparation?

Anton found the financial instruments topic challenging due to its complexity. However, he emphasized the importance of understanding the bookkeeping aspects and how to treat them in an exam scenario rather than the depth of all financial instruments.

How did Anton incorporate ACCA's technical articles into his study routine?

Anton incorporated ACCA's technical articles by integrating them into his study routine, recognizing that they cover important and often exam-relevant topics that provide an advantage in the exam.

What was Anton's strategy for approaching the SBR exam questions, and why is it effective?

Anton's strategy was to have a game plan for the exam, starting with the questions he felt most comfortable with to build momentum and confidence. This approach is effective because it allows candidates to secure marks in areas they are strongest in first, before tackling more challenging questions.

What advice does Anton give about time management during the SBR exam?

Anton advises candidates to manage their time strictly during the exam by allocating specific time slots for each question and sticking to this schedule, even under pressure, to ensure they attempt all questions and maximize their marks.

What role did the conceptual framework play in Anton's preparation for the SBR exam?

The conceptual framework played a crucial role in Anton's preparation as it is a recurring theme throughout the SBR exam. Understanding concepts like 'faithful representation' and 'relevant and comparable information' is essential for effectively answering exam questions.

How did Anton utilize additional resources like YouTube for his SBR exam preparation?

Anton utilized additional resources like YouTube by following channels like Tom Clinton's, which provided free resources such as podcasts and live sessions, to enhance his understanding and application of the SBR syllabus.

What is Anton's perspective on taking the SBR exam with Advanced Audit and Assurance?

Anton suggests taking the SBR exam first and then moving on to Advanced Audit and Assurance. He believes that consolidating knowledge in SBR first will make the transition to Advanced Audit and Assurance smoother and more effective.