Ithink you will find that a lot of people are in the same boat, in fact, out of everyone i know that has studied accountancy, they have done so whilst working full time. I did, i have a family at home too and was managing a finance department. Evenings and weekends, the time when most can study, were pretty full at times too, so it was a struggle. We had a baby, plus got married during the time i was studying, so it is do-able, even if it takes longer
You just have to tell yourself it wont be for long. You would have to make the sacrifices now if that is what you want to do. I too have a family at home and recently got married and my son at times complain that I dont do things with him but I keep telling myself as soon as I am done I will have all the time in the world to spend with him.
Hi Erin
I feel and share your suffering with finishing ACCA, Ive juggled firstly CAT and now ACCA with working and raising a family and its a nightmare!!! Im waiting for results on F9 and will call it a day with ACCA at this stage (Advanced Diploma hopefully come midnight) I too work in finance and love what I do and have no desire to be director, senior manager etc. for me Im wanting a decent work life balance, my exams to date have enabled that to happen. No shame in calling it a day, family is what should matter the most. All the best
Hi Erin, do one exam a sitting. dont push yourself to any deadlines and have a study plan. You can study in the mornings and have social life afterwards. You just need to find the way which works best for you.
I had to always explain to people and my friends that I was not available for anything for a month and did not make an exemption for anybody apart from my partner. Then you have usually a few months off studying before sitting another exam.
I passed my last exam yesterday and literally I had tears in my eyes as the journey has come to the end for me after 5 years of studying ? the feeling is fantastic! It is not because I want higher salary but I want my options to be open to me in the future so I wont be in the position I will be questioned why I am actually not qualified.
At this point, I toyed with the idea of giving up (I too have no desire to become a high flying exec) but I really wanted to finish what I started! So after the introduction of the 4 sessions per year, I decided to set myself a target of 6 months to complete my last 2 exams.
I work full time Mon-Fri, finish at 5 and home to do the dinner, bath, bed routine after which I would sit down and study for 1-2 hours each night (using Kaplan Live Online and OT) and then for a few hours each Sat and Sun (squeezing in family time when I could).
I also want to share my story, I have become affiliate this session, it was tough and long way took me 10 years, with 2 kids and full time job i could not managed to make it shorter, but i am glad that i did not give up even if there were times where i wanted. I failed not a once, but continue to fight. I am a little proud of myself)
so if you are not target yourself with some deadlines to pass, just take your time, try to make as much as possible and an the end you will get what you need
Sometimes you might feel you are alone in the ACCA journey until you read and hear of others experiences. I started this journey about 2000 which might look odd to most people. I was really focused into finishing in a record 2-3 years which never came to be. I went into employment and was distracted and derailed I started skipping exams. It got worse when I relocated to another country and took up more job related assignments which required a lot of travelling and for 5 years I never sat any exams.
But at the back of my mind there was something amiss and I felt like I needed to finish off the ACCA journey. So in 2012 I started the walk again as I had P1, P2 and P5 left having been converted from the old syllabus. I did P1 and P2 and passed P1. It was to take me 3 attempts for P2 and 5 attempts for P5 till March 16 when I became an affiliate. You can just imagine the joy and the relief that came with this. Now having finished the PER I am a member waiting for Council sitting in September to get my certificate. I hope I will live long to enjoy the fruits of my struggle. Aluta continua!!!
It gives me a great deal of inspiration reading these stories. I have decided to give P6 another go in September 16. I am determined to pass. This then leaves me one more option. Not sure what one to do but will hope to get P6 out the way first then decide. Fingers crossed by this time next year it will all be over and I will be qualified at 45!!!
I read all these posts and I was smiling thinking about all these people struggling like me! But I am glad that most of you finished and achieved their goals. I think I need some support and advice too!
As I have only sat 2 modules of my ACCA, I am unsure whether I should continue and finish my ACCA or just stop and start CTA. Don't want to look back and regret not finishing or regret wasting 2 years.
If you have already found a tax position then the CTA qualification is not going to be if much use in your current role. However, it will undoubtedly assist in further career advancement - assuming you see your future in tax. You will also find that the CTA training helps you in your current job training (and vice versa)
if you know you are really smart and the CTA hold no fears you could just jump in, and no-one will care about the ACCA once you have the CTA after your name, however its well respected because its really hard, and you risk ending up with nothing if you cant pass it.
There is a lot to be said for getting the ACCA done, its quite frankly not that difficult (its more a grind than anything) and covers wider areas, and if your employer is paying the bills and expecting this path, I'd do it myself.
I should point out I am not a CTA or ACCA, I am in the other club ICAEW, qualifying in the 90's, and was so done with exams I swore never to sit another one, albeit I did it all in a compressed manner which probably didn't help, I was exam qualified 2 and bit years into my 3 year training contract.
How strong are you at exams? I only mention, as the CTA is rightly quite a challenge compared to and from AAT level. You may find that the ACCA offers a useful stepping stone even if it takes a little longer.
On the other hand, students who study ACCA from scratch often get a better foundation in the subject matter and ACCA exam technique than more experienced students with exemptions, making the professional level easier.Many students take the AAT (Association of Accounting Technicians) qualification to introduce accounting, but the ACCA is a significant step up from this.
Studying for the ACCA while working is a popular option because it allows you to continue your career, earn money and apply your learning in practice to satisfy your professional experience requirements. Plus, your employer will often cover the costs of ACCA qualification. This has upsides and downsides.
If you take longer than 10 years to complete the first 2 levels then you are automatically kicked out? The joint body of my country added me back but when I queried with them how do I go about re registering with acca, I was told I need to contact ACCA myself. Mind you life is not straight well all have struggles financial and other wise a good example was the covid pandemic. Persons lost their jobs homes loved ones etc.
I am at ACCA AAA Level. In my opinion, if person gets the right mentor then it would not be difficult. Like I confused which optional professional paper to choose then I watched this video of my mentor: Which ACCA optional Papers to choose?
Accountancy roles serve as a bedrock for comprehensive financial management, strategic growth, and the maintenance of ethical business practices. They build investor confidence and evaluate performance for better business operations. They shoulder various responsibilities, from financial reporting to auditing and largely contribute to the stability and growth of an organisation.
The duration for the completion of the ACCA certification varies. If you successfully clear the exams in your first attempt, you could anticipate completing the course within a timeframe ranging from 6 months to a maximum of 2 years.
You can embark on your ACCA journey after finishing your 12th-grade studies. Students are required to take all 13 papers within the ACCA curriculum. No exemptions are granted to students who take up the certification after 12th grade.
However, you must note that to pursue this certification, you must complete your 10+2 examination with an overall aggregate of 65%, specifically in Mathematics or Accounts and English, while maintaining a minimum of 50% in other subjects.
If you have cleared the Foundation CA (CPT) examination and are yet to finish your graduation, you get no exemptions towards the ACCA papers. However, once your graduation is complete along with the Foundation CA exams, the exemptions as previously detailed come into play. This translates to a streamlined ACCA course duration of approximately 2 to 2.5 years, leveraging the exemptions to expedite the journey.
Upon completing the Inter CA exam (IPCC), you will get a few advantages in your ACCA journey. Individuals clearing the Inter CA exam are eligible for exemptions from up to 5 ACCA papers. These papers are Business and Technology, Financial Accounting, Management Accounting, Audit and Assurance, and Taxation.
This strategically positions you to complete your ACCA journey in approximately 1.5 to 2 years if you focus on diligent preparation. This expedited duration capitalises on the gained exemptions, offering a focused and efficient approach to acquiring robust expertise in accountancy and finance, thus paving the way for accelerated professional growth.
Completion of the CA journey or success in the Final CA exam extends significant advantages toward pursuing the ACCA qualification. Those achieving this milestone can secure exemptions from 9 of the 13 ACCA papers, covering the Knowledge and Skill level exams.
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