Should I take the ACA exemptions?

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  1. jab1991's Avatar
    • Junior Member
    • Location: England
    • Posts: 30
    Should I take the ACA exemptions?
    Hi everyone,

    Basically, I am eligible for 5 exemptions from the ACA exams. But, I am not sure whether I should take it or not.

    If I do take the exemptions ---- Less work for me and beneficial for the firm. But, I may struggle in the application modules and Advanced stage exams.

    No exemptions ---- More work for me, but I would have refreshed my memory of the accountancy key concepts.

    Thanks!!!!!!!!!!!
  2. ilovecatsforlife's Avatar
    • Exalted Member
    • Posts: 314
    Re: Should I take the ACA exemptions?
    Take the exemptions and go over the modules in your free time?
  3. jab1991's Avatar
    • Junior Member
    • Location: England
    • Posts: 30
    Re: Should I take the ACA exemptions?
    (Original post by ilovecatsforlife)
    Take the exemptions and go over the modules in your free time?
    Thanks for your help.
  4. kyleball's Avatar
    • Full Member
    • Location: England - Dorset
    • Posts: 129
    Re: Should I take the ACA exemptions?
    (Original post by ilovecatsforlife)
    Take the exemptions and go over the modules in your free time?
    I agree with this. However, it's about whether your motivation would truly be there, and you wouldn't have that test to study for that will push encourage you and that will demonstrate if you've learned what's required.

    It depends on your will-power for studying; can you self-study something you will not be tested on. Like you said - you will need these for later modules, so either way you should study for them. However, it could money (which I assume your firm will cover), but most importantly - time.
  5. Big_Dave's Avatar
    • Respected Member
    • Location: London
    • Posts: 235
    Re: Should I take the ACA exemptions?
    (Original post by ilovecatsforlife)
    Take the exemptions and go over the modules in your free time?
    On top of working a 35-50 hour week, going home and studying of your own accord........ Is not going to happen.

    Plus I am not sure if you will get the study materials if you are exempt.

    Bottom line, you will not qualify any sooner, it still takes 3 years. At worst it is a refresher of knowledge and it is some extra study.

    If your knowledge is fairly fresh and you have a solid understanding of the basics, then I would consider it.

    If you get one for law defo take that one, as it pretty much does not come up again and is a stand a lone topic and quite frankly a waste of time!
  6. jab1991's Avatar
    • Junior Member
    • Location: England
    • Posts: 30
    Re: Should I take the ACA exemptions?
    (Original post by Big_Dave)
    If you get one for law defo take that one, as it pretty much does not come up again and is a stand a lone topic and quite frankly a waste of time!
    I will get exemptions in Accounting, Business and Finance, Law, Management Information and Financial Management.

    So, what you are saying is that I should take exemptions in some of the exams (like Law), but not all???
  7. finance1973's Avatar
    • Junior Member
    • Posts: 44
    Re: Should I take the ACA exemptions?
    I would take the exemptions - save yourself the stress!
  8. Brotherhood's Avatar
    • TSR Demigod
    • Location: Manchester, England
    • Posts: 6,769
    Re: Should I take the ACA exemptions?
    Take Law, maybe B+F and potentially FM, but only to save the stress of on that one. I would def do the first two from experience though as they're easy and pointless. BF has follow on but you'd be better just borrowing a colleagues notes to swot up as its all basic stuff anyone will know most of already.
  9. Kemik's Avatar
    • Overlord in Training
    • Location: Reading
    • Posts: 2,148
    Re: Should I take the ACA exemptions?
    It's a difficult one. KPMG make you sit the mocks before you get your exemption (or at least they do in Tax). People who were on my course at other Big Four got the exemptions and done fine. If you put the refreshment work in you'll be fine. I wouldn't want the pressure of having to sit the exam again to be honest.
  10. jab1991's Avatar
    • Junior Member
    • Location: England
    • Posts: 30
    Re: Should I take the ACA exemptions?
    Thanks guys!!!! I would probably take all the exemptions.
  11. Londonpie72's Avatar
    • Exalted Member
    • Location: London
    • Posts: 306
    Re: Should I take the ACA exemptions?
    (Original post by jab1991)
    Thanks guys!!!! I would probably take all the exemptions.
    What was your final decision did you take all or some of the exemptions?
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