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How hard is the ACA content?

How difficult is the ACA content? I have read some who have said it is roughly as hard as A-levels but it is the sheer volume of it which can become a bit much.

My background is humanities and I graduated with a 2.1. As such, my maths isn't anything amazing, what parts of maths should I be really comfortable with? Is it just %s and the basic operations?

I start my contract in 2 weeks and haven't been given much information from my firm other than the timetable for the first 2 modules. I will attend 4 days of college for Accounting and 3 days (weekends) for Assurance.

How many hours of revision will I be expected to do after work when preparing for these examinations? I have been told I will be expected to sit the exam within one month of starting these modules.

Regards,

frenchfly
In my experience (completed 8 of the exams) it's pretty damn easy. The reputation of the ACA as being difficult is far exaggerated, at least as far as the middle stage exams (didn't complete the 3 upper stage ones obviously).

The job itself however, is boring, repetitive, and makes you wish you had more alcohol and access to the roof of your company building.
Reply 2
Original post by voiceofreason234
In my experience (completed 8 of the exams) it's pretty damn easy. The reputation of the ACA as being difficult is far exaggerated, at least as far as the middle stage exams (didn't complete the 3 upper stage ones obviously).

The job itself however, is boring, repetitive, and makes you wish you had more alcohol and access to the roof of your company building.


Easy? :redface:...

what were your A-levels grades and which degree did you do?
Original post by frenchfly
Easy? :redface:...

what were your A-levels grades and which degree did you do?


I got AAA at A level (back then A was the highest grade), did Philosophy at a rank 10-20 uni, got a 2.1. So not the best, not the worst.

The ACA exams themselves are a piece of cake providing you have some decent exam technique. Do the practice questions in the book they will give you. Once you've done those you should be able to remember it, certainly enough to get the 55% needed. I scored in the 80-90% range for the first 6 exams and I certainly wasn't studying for hours every night like they say you will have to - instead I crammed like hell for the 2 days before each exam and did the practice questions, it's really not that difficult.

The next stage exams (i.e. the middle 6) are tougher in terms of it not being multiple choice, but easier in some ways because you'll get more study leave and you'll have more tuition. You'll need to work more for those but then again you won't be at work so it all evens out. In no way do you need to start any heavy work before your period of study leave. I only ended up doing 2 of these 6 exams because I was fired from the company before i could take the next set of exams (nothing to do with exam failure, something completely unrelated).

No idea about the final three but considering the other exams I doubt they were that hard. Personally I found university finals exams to be much more challenging and requiring more work.
Reply 4
Original post by voiceofreason234
I got AAA at A level (back then A was the highest grade), did Philosophy at a rank 10-20 uni, got a 2.1. So not the best, not the worst.

The ACA exams themselves are a piece of cake providing you have some decent exam technique. Do the practice questions in the book they will give you. Once you've done those you should be able to remember it, certainly enough to get the 55% needed. I scored in the 80-90% range for the first 6 exams and I certainly wasn't studying for hours every night like they say you will have to - instead I crammed like hell for the 2 days before each exam and did the practice questions, it's really not that difficult.

The next stage exams (i.e. the middle 6) are tougher in terms of it not being multiple choice, but easier in some ways because you'll get more study leave and you'll have more tuition. You'll need to work more for those but then again you won't be at work so it all evens out. In no way do you need to start any heavy work before your period of study leave. I only ended up doing 2 of these 6 exams because I was fired from the company before i could take the next set of exams (nothing to do with exam failure, something completely unrelated).

No idea about the final three but considering the other exams I doubt they were that hard. Personally I found university finals exams to be much more challenging and requiring more work.


Thanks for your post, this gives me hope .

I'm not joining a big4 so I'm not sure how my structure will look.

Sorry to heard about your dismissal, have you found another position to sit the remaining exams?
Original post by frenchfly
Thanks for your post, this gives me hope .

I'm not joining a big4 so I'm not sure how my structure will look.

Sorry to heard about your dismissal, have you found another position to sit the remaining exams?


Heh, I'd rather walk over broken glass than do more accounting. But that was 100% to do with the job (which sucked ass) rather than the exams (which tbh I found to be a nice break from the monotony of working).
Reply 6
Original post by voiceofreason234
Heh, I'd rather walk over broken glass than do more accounting. But that was 100% to do with the job (which sucked ass) rather than the exams (which tbh I found to be a nice break from the monotony of working).


lol! What sector have you gone into now if you don't mind me asking? I'm guessing you left big4 and found something more interesting elsewhere?

Also, in terms of Maths, what do I need to be solid with? Thanks for answering my questions!
Reply 7
The maths is very basic, just percentages and stuff like that - you really don't need to worry about it
Original post by frenchfly
lol! What sector have you gone into now if you don't mind me asking? I'm guessing you left big4 and found something more interesting elsewhere?

Also, in terms of Maths, what do I need to be solid with? Thanks for answering my questions!


I took a couple of years out to go teach abroad in China. It's pretty cool, I'm banking a ton more money then I ever did as an ACA student, plus I get my own place rather than house sharing. No long term big money earning potential though (i.e. I'll never be earning 6 figures+ a year doing this) so the low stress and easy money now has its drawbacks too.

Regarding maths, so long as you were good at GCSE level you'll be fine. It'd help quite a bit if you were reasonably quick at mental maths (i.e. adding/subtraction/ratios/multiplication/division), but truthfully providing you're not completely numbers illiterate you'll be fine.

What is much more important is having a good memory as it's true there's a lot of 'stuff' to learn (although pretty much none of it is complex). Throughout school, I always crammed like hell a couple of weeks before GCSE's/A levels/uni exams, doing loads of hours in a short timeframe, rather than stretching out the learning and revision over a longer period of time. If you can do the same, that will help a lot, as you'll be able to do all or at least the bulk of your learning during the study leave periods, when you won't have to go into the office.
Reply 9
Original post by voiceofreason234
I took a couple of years out to go teach abroad in China. It's pretty cool, I'm banking a ton more money then I ever did as an ACA student, plus I get my own place rather than house sharing. No long term big money earning potential though (i.e. I'll never be earning 6 figures+ a year doing this) so the low stress and easy money now has its drawbacks too.

Regarding maths, so long as you were good at GCSE level you'll be fine. It'd help quite a bit if you were reasonably quick at mental maths (i.e. adding/subtraction/ratios/multiplication/division), but truthfully providing you're not completely numbers illiterate you'll be fine.

What is much more important is having a good memory as it's true there's a lot of 'stuff' to learn (although pretty much none of it is complex). Throughout school, I always crammed like hell a couple of weeks before GCSE's/A levels/uni exams, doing loads of hours in a short timeframe, rather than stretching out the learning and revision over a longer period of time. If you can do the same, that will help a lot, as you'll be able to do all or at least the bulk of your learning during the study leave periods, when you won't have to go into the office.


Ah interesting, it's always nice to hear what people have gone into after other things. I'm doing my ACA at a small local practice but longer term, whilst I can go down the big4/corporate route, I'm not sure I want to.

But it's tough because I also want to work abroad at some point as we only have one life and to spend the whole of your life not experiencing a different way of life would be a shame imo. 80-90 years in one country is ages! However, I feel I can only achieve this ambition by working for someone bigger in the future. Hopefully I can get a job in some kind of boutique where it won't be so corporate.

Ah, I'm kind of the opposite. I like to spread study over a longer period, but I think that was because I had the time to do it. Once it gets hammered home that I can't go at a nice slow constant speed, I'm sure I'll pick up.

I've just looked on the ICAEW website and the first 6 are meant to be Year 1 uni difficulty, and the middle 6 have a mix of year 1 and 2 difficulty from the looks of things, so it shouldn't be overly hard like you say. My only problem is that I studied History at uni and accounting is 100% foreign to me!!
Original post by frenchfly
Ah interesting, it's always nice to hear what people have gone into after other things. I'm doing my ACA at a small local practice but longer term, whilst I can go down the big4/corporate route, I'm not sure I want to.


Honestly, if you're content enough with a middle class lifestyle in the UK, sitting in an office, a couple of nice holidays a year, a house, 2.5 kids and a dog etc, it wouldn't be so bad. After qualification you can easily get a 50k a year job pretty quick that is strictly 9-5. It's boring, but meh, it'll pay the bills no problem, and if you're prepared to just sit at your desk for 10-20 years of that, you'll get to senior manager level, and upper 5 figures in the end.

My problem was that I couldn't envisage a life sat in front of excel spreadsheets and doing what I considered to be pointless work (i.e. stuff like printing off a month-end report, getting it signed by 5 different people, then filing it away into a box no one will ever look it, and after 7 years throwing the contents of said box away - all to satisfy some 'audit requirements'). My second problem was the job was in the UK. And having been abroad...I can't stand living in the UK. If you like the UK and don't mind nodding and smiling while working your way through repetitive tasks, there's worse jobs around for sure.

But it's tough because I also want to work abroad at some point as we only have one life and to spend the whole of your life not experiencing a different way of life would be a shame imo. 80-90 years in one country is ages! However, I feel I can only achieve this ambition by working for someone bigger in the future. Hopefully I can get a job in some kind of boutique where it won't be so corporate.


I had the same sort of idea - but realise that most of those cushy expat jobs abroad are for high level senior management types (i.e. you're going to have to put in a fair few years...10 at least...before you have a realistic shot of achieving that dream).


I've just looked on the ICAEW website and the first 6 are meant to be Year 1 uni difficulty, and the middle 6 have a mix of year 1 and 2 difficulty from the looks of things, so it shouldn't be overly hard like you say. My only problem is that I studied History at uni and accounting is 100% foreign to me!!


No way are the first 6 year 1 uni difficulty. They're multiple choice questions and you only need 55% in them. You'd get 25% on average just by randomly clicking buttons (as there's only 4 choices per question). They're AS level difficulty at the very most.
Reply 11
Original post by voiceofreason234
Honestly, if you're content enough with a middle class lifestyle in the UK, sitting in an office, a couple of nice holidays a year, a house, 2.5 kids and a dog etc, it wouldn't be so bad. After qualification you can easily get a 50k a year job pretty quick that is strictly 9-5. It's boring, but meh, it'll pay the bills no problem, and if you're prepared to just sit at your desk for 10-20 years of that, you'll get to senior manager level, and upper 5 figures in the end.

My problem was that I couldn't envisage a life sat in front of excel spreadsheets and doing what I considered to be pointless work (i.e. stuff like printing off a month-end report, getting it signed by 5 different people, then filing it away into a box no one will ever look it, and after 7 years throwing the contents of said box away - all to satisfy some 'audit requirements':wink:. My second problem was the job was in the UK. And having been abroad...I can't stand living in the UK. If you like the UK and don't mind nodding and smiling while working your way through repetitive tasks, there's worse jobs around for sure.


I had the same sort of idea - but realise that most of those cushy expat jobs abroad are for high level senior management types (i.e. you're going to have to put in a fair few years...10 at least...before you have a realistic shot of achieving that dream).



No way are the first 6 year 1 uni difficulty. They're multiple choice questions and you only need 55% in them. You'd get 25% on average just by randomly clicking buttons (as there's only 4 choices per question). They're AS level difficulty at the very most.


Thanks for your input :smile:

I wouldn't mind a 9-5 job for life it it meant living a decent life at the same time. But I know big4 people will be expected to put in much more than that, in fact a lot of cop orate jobs expect beyond 40 hours. That's around my limit. Germany for example averages 28 hour working weeks. I'm keen to set up a business at some point but I have a lack of information about what I may want to start up. I thought by doing the ACA it'll buy me some thinking time, at the same time I can analyse some information and maybe get more ideas and if I don't decide to set up a business I'll end up with a salary floor which will ensure I can live comfortably.

I'm not a boring person but I do lack creativity and that's why I think I'll be suited to accounting. I generally enjoy reading factual information and knowing laws and rules etc.

Wow, they're only AS level difficulty?! Not sure when you did AS levels but when I did them in 2010/11 they were a doddle in terms of content! I have ambitions to go into more advisory work later on but won't if it means I have to sacrifice my life for a paycheque. I understand the need to earn money as well as spend it but I'd hate to be a person with loads of assets and wealth but vary rarely enjoying the money.

Think I might travel for a bit when qualified but we'll see.
Hi,Was hoping to start up this thread again. I am about to start my ACA training and I also graduated in History so have no accountancy experience. How have you found your first year? Any tips for a complete beginner?
hahahahahhahahahahha
(edited 5 years ago)
I have done MBA finance and recently done AAT level 3 and AAT level 4 I want to get exemptions for First five ACA exams I have 6 years of experience in banking sector but that was not in accountancy. Can anyone guide me how to get an entry job in accountancy field any tip as i want to be a Chartered Accountant.
Original post by voiceofreason234
In my experience (completed 8 of the exams) it's pretty damn easy. The reputation of the ACA as being difficult is far exaggerated, at least as far as the middle stage exams (didn't complete the 3 upper stage ones obviously).

The job itself however, is boring, repetitive, and makes you wish you had more alcohol and access to the roof of your company building.

Lol) I'm doing tax for living it's even more boring than you can imagine, accounts is like a roller-coaster compared to tax. Personally, Ive looked into Aca and realised its quite expensive and so damn long, so I chose Acca instead, which I think is a great decision after Brexit! I did 9 papers so far (out of 13), so more than half way through.
(edited 2 years ago)

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