Im sure its always been the case but I suspect the accountancy profession is losing a lot of good and even experienced people due to their inability to pass exams. Which seems like a stupid statement to make. But in my personal opinion exams should be a test of a firm understanding of a subject area....not necessarily an exercise in memorising formulas that are rarely used.
I have a partner studying ACCA in later life who is very experienced but in exactly the same boat and struggling with Financial Reporting and Financial Management as her formula retention abilities are not what they were. Unfortunately after youve picked off the exams that you can do certain exams cant be circumvented and have to be passed before you move onto the next level.
Unfortunately for those struggling to pass the exams currently I would advise them to persevere as job vacancies requirements seemed to have gone up several notches during Covid-19.
But maybe look at using a different method of learning or even just a different instructor.
Not sure if Im allowed to say this here but maybe have a look at Mappit Accountancy on youtube or their own website to see if any of the ACCA or CIMA courses they do would help. No I dont work for them and Im sure there are many other good providers out there as well. Ive just persuaded my partner to approach her FR and FM exams from a different angle. Time will tell whether it works or whether the helicopter will have to winch her off from halfway up the mountain....
My answers
Im sure its always been the case but I suspect the accountancy profession is losing a lot of good and even experienced people due to their inability to pass exams. Which seems like a stupid statement to make. But in my personal opinion exams should be a test of a firm understanding of a subject area....not necessarily an exercise in memorising formulas that are rarely used.
I have a partner studying ACCA in later life who is very experienced but in exactly the same boat and struggling with Financial Reporting and Financial Management as her formula retention abilities are not what they were. Unfortunately after youve picked off the exams that you can do certain exams cant be circumvented and have to be passed before you move onto the next level.
Unfortunately for those struggling to pass the exams currently I would advise them to persevere as job vacancies requirements seemed to have gone up several notches during Covid-19.
But maybe look at using a different method of learning or even just a different instructor.
Not sure if Im allowed to say this here but maybe have a look at Mappit Accountancy on youtube or their own website to see if any of the ACCA or CIMA courses they do would help. No I dont work for them and Im sure there are many other good providers out there as well. Ive just persuaded my partner to approach her FR and FM exams from a different angle. Time will tell whether it works or whether the helicopter will have to winch her off from halfway up the mountain....