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    dear TSR,

    Im to start an aca contract from august and wanted to know what prep work I can do?

    Some say get to grips with some basics as it can help, whilst others say don't do anything and just relax. Im not the sort that can go into this completely clueless! Ive never studied accounting and would like some advice on some basic things I can start doing.

    Obviously there will be limits but with youtube etc. I can make use of my time as I dont plan on getting any job over the summer and the majority of my travels will occur in the month of june.

    thnx
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    (Original post by stuckon1)
    dear TSR,

    Im to start an aca contract from august and wanted to know what prep work I can do?

    Some say get to grips with some basics as it can help, whilst others say don't do anything and just relax. Im not the sort that can go into this completely clueless! Ive never studied accounting and would like some advice on some basic things I can start doing.

    Obviously there will be limits but with youtube etc. I can make use of my time as I dont plan on getting any job over the summer and the majority of my travels will occur in the month of june.

    thnx
    Tons of people start ACA training contracts with little to no knowledge of accounting and do just fine. I don't see much point in doing any prep work as everything you need to know will be taught on the spot.
    Also the fundamental difference between these exams and uni/school is that you only need to do enough to pass. Once you're above that magical pass mark, it makes no difference what you get and as such extra studying gives little value.
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    (Original post by snakesnake)
    Tons of people start ACA training contracts with little to no knowledge of accounting and do just fine. I don't see much point in doing any prep work as everything you need to know will be taught on the spot.
    Also the fundamental difference between these exams and uni/school is that you only need to do enough to pass. Once you're above that magical pass mark, it makes no difference what you get and as such extra studying gives little value.
    What do you need to get to pass the knowledge papers (first 6)?

    Also, in terms of maths, I haven't done too much in recent years. Should I make sure I'm up to scratch with stuff like percentages/ratios/fractions?
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    (Original post by stuckon1)
    What do you need to get to pass the knowledge papers (first 6)?

    Also, in terms of maths, I haven't done too much in recent years. Should I make sure I'm up to scratch with stuff like percentages/ratios/fractions?
    55% initially, then 50% for the final 3 exams.

    That sort of basic maths is indeed assumed knowledge and you will use it every day at work so do brush up on it.
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    Official TSR Representative
    Hi Stuckon 1!

    Firstly congratulations on getting a training agreement! During your training you will be taught everything you need to know by your employer and training provider, so don't worry that you are new to accountancy.

    There are tons of helpful videos on YouTube and our website has profiles of people who are currently studying or have qualified, so they can give you a bit of advice on what to expect. www.icaew.com/careers

    I suggest you relax and enjoy your summer, it'll be the last time you get that much time off!

    Good luck
 
 
 

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