ACCA FR - How to pass in 50 days? || Toppers Talk

Summary

In this educational YouTube video, Tash Gupta, an ACCA mentor, interviews Rohit Jan, who scored an impressive 94 on the Financial Reporting exam. Rohit, working in Bangkok, shares his study strategies, emphasizing the importance of consistent practice and comprehensive note-taking. He details his approach to using resources, dividing study time, and handling exam sections. Tash then outlines a 50-day study plan for upcoming exam candidates, highlighting the need to cover concepts quickly and focus on practice, with a promise of a detailed practice plan release.

Takeaways

• 🎓 The video is aimed at helping ACCA students pass the Financial Reporting exam by sharing strategies and a study plan.
• 🏆 The host, Tash Gupta, introduces Rohit Jan, who scored a remarkable 94 in the Financial Reporting exam, to share his study strategies.
• 📚 Rohit used a combination of live lectures, webinars, and YouTube videos from Wi-Fi, focusing on the BPP and KAPLAN kits for study materials.
• ✍️ Rohit emphasized the importance of note-taking during lectures to solidify concepts and facilitate later review.
• 🔄 He followed a structured study plan, dedicating 20 days to understanding concepts and note preparation, and 30 days to practice and revision.
• 📉 Rohit tackled Section A and B questions from both the BPP and KAPLAN kits twice, focusing on understanding the answers provided.
• 📈 For Section C, Rohit used only the KAPLAN kit, doing all questions twice, and practiced typing out answers in Excel for better retention.
• 🕒 Rohit managed to study around 4-4.5 hours on weekdays and 6 hours on weekends, attributing his success to consistent daily study habits.
• 🌐 Despite working in Bangkok, Rohit was able to balance his job, personal life, and ACCA studies, highlighting the importance of effective time management.
• 🤔 Rohit mentioned that motivation came from the desire to increase career opportunities in a dynamic and changing professional environment.
• 📝 He advises students to maintain consistency in study, avoid taking long breaks, and to practice questions thoroughly to understand the application of concepts.

Q & A

Who is the main speaker in the video and what is their role?

The main speaker is Tash Gupta, who is an ACCA mentor and the host of the YouTube channel.

What is the purpose of the video?

The purpose of the video is to discuss strategies for passing the ACCA's Financial Reporting exam, featuring insights from a student who scored 94 on the exam.

Who is Rohit Jan and what was his achievement?

Rohit Jan is a student who scored a phenomenal 94 on the Financial Reporting exam, and he is sharing his study strategies and experience in the video.

What resources did Rohit use while preparing for the Financial Reporting exam?

Rohit used live lectures, webinars, YouTube videos from Wi-Fi, and study materials from the BPP kit and the Klan kit, focusing more on the practice side rather than the study text.

How did Rohit approach his study schedule for the ACCA exam preparation?

Rohit broke his study schedule into two parts: 20 days for concept and notes preparation, and 30 days for practice, focusing on understanding the concepts first and then honing them through practice.

What was Rohit's strategy for handling Section A and B of the Financial Reporting exam?

Rohit did all the questions from the Klan kit and the BPP kit twice for Section A and B, focusing on understanding the answers provided at the back of the kits to grasp the concepts better.

How did Rohit manage to study while working full-time?

Rohit managed his time efficiently, studying for about four to four and a half hours on weekdays and around six hours on weekends, leveraging the early office hours in Bangkok to have more personal study time.

What advice does Rohit give to students who are preparing for the Financial Reporting exam?

Rohit advises students to maintain consistency in their study routine, not to take long breaks, and to focus on detailed practice and understanding of the concepts.

What is the significance of the '50 days plan' mentioned by Tash Gupta?

The '50 days plan' is a study schedule proposed by Tash Gupta to help students cover the entire syllabus and practice effectively for the Financial Reporting exam, starting from October 19th.

How does Tash Gupta suggest students should approach the practice phase of their preparation?

Tash Gupta suggests that students should practice using the smart and honest way, which includes highlighting mistakes, understanding the reasons behind them, and focusing on detailed explanations, especially for Section C.

What is the importance of detailed working notes in Section C according to the video?

Detailed working notes in Section C are important as they provide a clearer explanation of the steps taken, reducing the chances of the examiner deducting marks for mistakes due to step marking.