ACCA query

MayoRoadRunner

Hi all,

I am about to start into the ACCA journey. I have exemptions for F1, F2, F3 and F4 following my degree in Business and Law (graduated in 2005).

I have two questions which some of you may be able to answer.

1. In the email I received from the ACCA confirming my registration and exemptions they advised the following -
"As the exemptions awarded to you are based on a qualification gained more than 5 years previously, you are required to forfeit these exemptions and sit the relevant ACCA examinations should you wish to subsequently apply for an ACCA practicing certificate and audit qualification. Should you fail to meet this requirement you will not be eligible to apply for these practicing rights once converted to ACCA membership".
At the moment I have no real interest in becoming a practicing accountant (currently working in commercial banking) however would like to keep my options open in the future. Would it be possible to complete the 4 papers I currently hold exemptions for at a later date (which may arise in a few years if bring my career down that path)? Right now I just want to get through the exams asap and don't particularly want to sit F1 - F4 if I can avoid it!

2. I intend to study the manuals for F2 and F3 between now and September to ensure I have a firm grasp of the fundamentals. I would like to sit two further F papers in December but will be unable to attend weekly lectures. Which two F papers from F5 to F9 do people think are easiest to pass without the assistance of weekly lectures and tutors? I realise this is a subjective but would appreciate a steer.

Many thanks in advance!

FuzzyDunlop100

1. If you've no interest in doing auditing, then don't worry about getting the practicing certificate. If perchance you decide in a few years that you do want to do auditing, you could always do those "F" exams then (and assuming you'll have passed the other F & P papers, then I'd imagine you'll find those initial F exams straightforward).

2. I can only speak from my own experience but I found F6 Tax & F7 Financial Reporting to be both very time consuming (and F7 difficult). I think the only way to get them is to do exam questions over & over again.

F8, while not easy, is a subject that you can do a lot of reading on, as such, it's one you could do without lectures.

MayoRoadRunner

FuzzyDunlop100 wrote: »

1. If you've no interest in doing auditing, then don't worry about getting the practicing certificate. If perchance you decide in a few years that you do want to do auditing, you could always do those "F" exams then (and assuming you'll have passed the other F & P papers, then I'd imagine you'll find those initial F exams straightforward).

2. I can only speak from my own experience but I found F6 Tax & F7 Financial Reporting to be both very time consuming (and F7 difficult). I think the only way to get them is to do exam questions over & over again.

F8, while not easy, is a subject that you can do a lot of reading on, as such, it's one you could do without lectures.

Thanks Fuzzy, might go with F5 and F8 in December so. Cheers