I have started at PwC and have completed my first 3 knowledge papers and just started my next set of 3 papers.
I disagree with the statement that all you have to do is learn big chunks of info.
You need ot learn technical aspects and principles and then apply them in a multiple choice speed environment (well at least the first 6 papers)
Not easy, but achievable if you put the effort in.
99% of those who just study a week before will fail.
Passmark is 55% but it is multiple choice at first and it is very easy to get snagged with time pressure and answers leading you up wrong paths.
It's not easy to get into a big 4 firm to do the ACA, they have harsh criteria and you need to be up there with the best.
I graduated in 2005 but worked for 2 years in my student union and then in the finance sector at Vodafone, so I had experience before I went in.
My colleagues fresh from uni are either accountancy/finance/economics graduates or very smart people from top universities.
So it's tough to get in.
Good luck guys
Oh yeah, I know nothing of the ACCA except it is classroom based, so you can pay to take everthing as much as you want, but with the ACA you can only do a maximum of like 6 sittings according to the institute ICAEW (though your sponsoring big firm will most likely only give you 2 or 3 attempts before they fire you if you keep failing or miss the pass mark by over 10% [bad fail] I know with PwC we get only 1 retake befoer your get the boot in knowledge papers)
Also with ACA you mix up college with actual client work, so the qualification is far better in that it is more practical rather than just classroom based.
(Original post by Inter-Company)
i very much doubt it as you really don't need to be super clever to pass the exams
it just depends on one thing - how good you are at remembering chunks of information, if your crap like me, start learning early but if you are good then you don't really have to start aggggeesss before the exam as you have a good memory