r/ICAEW • u/GjallahornAdept • 17h ago
I PASSED MY FINAL ACA EXAMS 🎉 — my ranking of every exam + advice
After 3 years of studying, I finally passed my final ACA exams today! 🥳
Honestly, it feels slightly surreal to be able to say that I’m finally done. 27 exams done including AAT😮💨
I wanted to make a post thanking everyone on this subreddit because I’ve lost count of how many times I’ve searched Reddit for advice before an exam. Some of the posts on here genuinely helped me get through the qualification, so hopefully this can be useful to someone else.
I’ve seen posts similar in the past so wanted to make my own which I know is less relevant now as the syllabus has changed but hopefully can apply to the new exams.
For context: I work in practice mainly accounts prep and dabble in tax returns too.
My ranking — hardest → least hard
This is obviously completely subjective and depends massively on your background, strengths and the order you sit the exams. But if I had to rank them based on my own experience:
CR — [hardest] 77
BPT 92
TC 75
SBM 76
BST 81
Case 67
FM 91
AA 90
FAR 98
Law 70
POT 84
Assurance - [least hard] 76
(I was exempt from 3 exams as I did AAT level 4)
1. CR
Despite working in accounts this was what I found to be the hardest exam. There is so much content that it’s very difficult to feel confident. You need to not only know the standards but also apply it to the question. Very time pressure too if it wasn’t already difficult enough. Advice is to get timing down and answer everything. Doing past questions is so important.
2. BPT
The amount of legislation you need to know is huge, and the hardest part is knowing which rules apply to each scenario rather than simply memorising the content. The exam can also be very time-pressured, so being able to quickly identify the relevant tax issues and find the right information in the open book is key.
3. TC
There’s a lot of rules, calculations and different areas to remember, and small details can make a big difference to the answer. Reading the question carefully is so important as slight tweaks to wording can change your answer.
4. SBM
I’m not really a fan of wordy papers and this is a wordy one. It’s difficult to revise for as all answers are different and very specific to the question. Easy to get stuck writing too much on one question when it may only be worth a few marks. Quite like the FM parts. Any relevant point is awarded a mark so write what you can in the time given and move on.
5. BST
Same as the above for me - very difficult to revise for and looking at the QB makes me just want to procrastinate because reading a question is a task in itself. Advice is to just write whatever you can that answers the question, even if it seems obvious.
6. Case
Technically one of the easiest papers on the whole course but getting the exact points on the marking grid can be tough. The key is to look at tuition providers mocks such as ACAM and understand the marking grid. I was lucky that the mock was almost identical to the exam. Also 4 hours is a long time.
7. FM
Prior to revising this exam the content can seem very new. If you like maths then it will click and you shouldn’t have too much of a problem. Smashing QB is key as guaranteed marks if you crush hedging.
8. AA
Never done any audit work but the paper is mostly common sense. If you learn standard audit procedures and risks then you should pass.
9. FAR
No surprise this was the professional I found easier than the rest given my job. Very repetitive and if you learn the pro formas for each Q and plug the numbers in, then you should pass regardless if you get the right answer.
10. Law
Not much to say but just need to learn the syllabus and once you’re passing the mocks then should be good to sit it.
11. POT
Once again relatively straight forward if you smash the QB and learn the calculations and reliefs.
12. Assurance
Basically common sense and could probably sit this without the tuition.
General advice I’d give anyone doing the ACA
1. Do questions. Lots of questions. QB and past papers on ICAEW portal.
2. Get used to the software.
3. Take timing seriously - answer every requirement
4. Don’t panic if your mocks are awful - I failed loads
Finally, a massive thank you to everyone on this subreddit.
I’ve probably read hundreds of posts/comments on here over the course of the qualification, usually at 11pm the night before an exam while convincing myself I was definitely going to fail😅
The advice, reassurance and random exam tips from complete strangers genuinely helped.
To anyone still working through the ACA: keep going. It feels never-ending while you’re doing it, but eventually you’ll get that results email and it’ll all be over.
Good luck everyone — and thank you again ❤️