HOW TO PASS ICAEW ASSURANCE (AS) ACA EXAM

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@gilly8380 3 жыл бұрын

Just came across your channel today as I’m currently studying for this next week, this is a massive confidence boost knowing what to work on - thank you!

@keelanwaldron8941 3 жыл бұрын

Great video as with all of your videos. I took Assurance and Accounting last week and happy to say I passed with 88 and 84, in large part thanks to your tips. One observation about Assurance. My set of questions in the exam - and the others in my cohort echoed this observation - were quite different from the question bank. Also, I'm not sure if your firm uses BPP or Kaplan for notes, but we use BPP and the notes are very concise, which helps for digestibility but it does miss out a lot of content. As you are aware, there are your course notes from BPP or Kaplan, and then there is the Icaew-released textbook. The conventional wisdom, and what your tutors will usually tell you, is either not to even touch the icaew textbook, or to not use it very much. And most students never even open the icaew textbook. I agree with this in most cases, including for accounting, for two reasons. First, the icaew textbooks are just too long. Accounting is over 600 pages compared to 200 for the course notes. Second, accounting is an exam that requires a lot of understanding of principles and concepts and methods through which you actively work out the answers to questions. There is much less rote learning. With assurance, however, the icaew textbook is only 300 pages, which makes it very realistic to get through. Moreover, assurance is an exam, as you note, that requires a lot of rote learning. It's a knowledge based exam that requires you to regurgitate a lot of stuff. Icaew sets exam technically based on the content of the icaew textbook. Not less, not more. Because our questions were quite different from the question bank, there was a lot of material my friends hadn't seen before from the notes and the QB. Yet the icaew take questions and multiple choice options literally word-for-word from the icaew textbook, and the reason I did well in this exam is because I took the time to dip into the icaew textbook to cover bases that weren't covered by the notes or QB. That's just one thing I'd note and my honest advice. I think the question bank can lure some people into a false sense of security. I know it did for me. On my second or third time through the question bank, sure, I was getting practically all the questions right. But it was difficult to differentiate between (1) whether I was getting the questions right because I truly understood how or (2) I was getting the questions right because I remember the answer from last time through the QB. Your emphasis on internal control was appreciated because in our recent exams we all agreed that internal controls seemed to comprise even more than 25% of the exam! Honestly at points it felt like 40% of the exam. Certainly a hot topic.

@t-bone7988 3 жыл бұрын

tldr

@fatimasiddiqua2314 3 жыл бұрын

Thanks for detail guidance dear

@khaleduddin7148 2 жыл бұрын

Hi keelan Waldron, when you say textbook - do you mean ICAEW ASSURANCE Workbook

@rosietucker882 3 жыл бұрын

I spent so much time writing notes and I’m only on chapter 4. This has helped I’m going to get stuck into the question bank. Thanks!

@LukeKermodeACA 4 жыл бұрын

🎯 Check out the notes I used that helped me pass my Assurance exam: www.etsy.com/uk/shop/LukeJamesUK

@jafferkhan1452 10 ай бұрын

I passed assurance exam with 62 marks in 1st attempt by self study only from icaew text book and questions bank.

@thuhuyenbui6232 4 жыл бұрын

Thanks for your video! It’s really useful with me

@LukeKermodeACA 4 жыл бұрын

Glad it was helpful!

@gayaa6490 3 жыл бұрын

Thanks so much, Luke :)

@LukeKermodeACA 3 жыл бұрын

No worries!

@nabeehaiftikhar4343 4 жыл бұрын

This was so reassuring 🥺 thank you

@LukeKermodeACA 4 жыл бұрын

Thank you Nabeeha! Hope the exam goes well!

@jpalmcentral6293 4 жыл бұрын

i see what you did there....

@demiwalker1469 3 жыл бұрын

I've got my exam in the morning so 🤞

@amirwaqi 4 жыл бұрын

how many hours you study and made revision buddy?

@jafferkhan1452 7 ай бұрын

Can i take my own srap papers clean papers. Because in my last 3 exams i was given papers on which i could not write with the pen properly

@MAYZEX 4 жыл бұрын

how many weeks prior to the exam should you have covered all content needed? Is 2 weeks enough?

@LukeKermodeACA 4 жыл бұрын

Hi hope you are doing well, 2 weeks is plenty. Hope it all goes well

@MAYZEX 4 жыл бұрын

Thanks!

@Danielle-ob1gx 3 жыл бұрын

Does anyone know if the exam questions are the same/very similar to the question bank and mock exams?

@LukeKermodeACA 3 жыл бұрын

Hey Danielle - they are similar but have a few nuances that make them slightly more awkward in the real thing, take your time and don't rush!

@Danielle-ob1gx 3 жыл бұрын

Thanks Luke! I had my exam yesterday, I would say 90% of my questions were nothing like all of the ones I had practiced!😩 I passed but just a heads up for anyone who will be sitting the exam in the near future!