3 Paths to Pass ACCA Quickly in this Year (2024)

Summary

In this video, the presenter, Conrad, an ACCA student, discusses three methods for passing ACCA exams quickly: studying full-time and working later, working for practical experience then studying, and working while studying full-time. Each method has its benefits and drawbacks, such as time management, practical exposure, cost, and social life impact. Conrad shares personal experiences and opinions, recommending the third method as the most effective, despite the challenges of balancing work and study.

Takeaways

• 📚 Studying full-time before working can allow for more subject combinations and quicker exam completion, but requires strong self-discipline and time management.
• 💼 Lack of practical exposure can be a drawback of studying before working, as ACCA is designed to combine theory with practical experience.
• 💸 Studying first can be expensive if self-funded, as working allows for saving money to pay for exams and other costs.
• 🎉 The first method may lack balance in life due to intensive studying, potentially affecting social life.
• 🔄 Working first and then studying can provide practical knowledge, making it easier to apply concepts learned in ACCA studies.
• 🏆 Practical experience gained through work can be claimed as part of ACCA's Professional Experience Requirement (PR).
• 💼 Working before studying might limit career progression due to lack of formal qualification in some corporate environments.
• 💰 Saving money from work can ease the financial burden of ACCA studies.
• 📉 The desire to maintain earnings from work might reduce motivation to return to full-time studying.
• 🤝 Working and studying simultaneously offers the benefits of both approaches, with practical experience enhancing understanding of theoretical concepts.
• 🚀 This method allows for immediate application of learned knowledge in a real-world context, enhancing learning effectiveness.
• 🔄 Balancing work and study can be challenging, often requiring sacrifice in social activities and personal time.
• 🌟 Personal development and achieving one's goals are highlighted as important, justifying the effort required for this method.

Q & A

What are the three main methods discussed in the video for passing ACCA quickly?

The three main methods discussed are studying full-time and then working, working and then studying afterwards, and working and studying full-time simultaneously.

What is the benefit of studying full-time before working, according to the video?

Studying full-time before working allows you to combine more subjects together, focus on doing them all at once for your exams, and quickly turn around if you fail an exam.

What personal story does the speaker share about studying full-time before working?

The speaker shares a story about struggling with time management during the transition from high school to university, which led to missing exams and tests.

What are the downsides of studying full-time before working, as mentioned in the video?

The downsides include lack of practical exposure, potential high costs if paying for exams yourself, and a possible imbalance in life due to the focus on studying.

What does the speaker mean by 'PR objectives' in the context of ACCA?

PR objectives refer to the practical experience requirements set by ACCA, such as setting up a budget or preparing financial statements, which are part of the qualification process.

What are the benefits of working first and then studying for ACCA, as discussed in the video?

The benefits include gaining practical knowledge that can be applied to studies, claiming practical experience as part of ACCA requirements, and potentially saving money to pay for studies.

What are the potential drawbacks of working first and then studying for ACCA?

The drawbacks include difficulty in getting significant raises without the academic qualification, the risk of losing motivation to study after working full-time, and the potential impact on social life.

What is the speaker's opinion on working and studying full-time simultaneously?

The speaker believes it is one of the best methods as it combines the benefits of both studying and gaining practical experience, making the learning process more effective and efficient.

What challenges does the speaker face while working and studying full-time simultaneously?

The challenges include maintaining motivation to study after a full day of work and the impact on social life due to the time commitment required for both work and study.

How does the speaker suggest managing the workload of working and studying full-time simultaneously?

The speaker suggests focusing on personal development and finding the silver lining in the process, such as the opportunity for self-improvement and achieving one's goals.

What additional resources does the speaker offer to help with the challenges of working and studying full-time simultaneously?

The speaker offers a video with tips on how to manage working 60 hours a week and study, as well as other ACCA content on their channel.