Last week I returned to the office after my Christmas break and as is traditional I wished my colleagues a happy new year. Somehow the words seemed more important than usual with many of us facing an uncertain future due to the deepening economic recession. There is no doubt many of us have a difficult year ahead.
On a personal level I have a difficult year ahead as I tackle the remaining four ACCA professional papers. I have taken one professional paper P1, (which hopefully I have passed) and therefore I am already aware of the difference between the fundamental and professional subjects. To be successful at the professional papers requires a higher intellect to interpret and analyse information given. It is certainly not sufficient just to learn the material, you need to know how to apply it and have knowledge of how businesses work.
After the December exams, I took a longer break from studying than usual. Past experience has shown that I needed the break to be able to maintain sufficient motivation to study. Last week I started to read my books for my next two courses and I have hardly put them down since. I suddenly realised that I had actually missed not studying and without the exam pressure it can be very enjoyable learning new subjects. Studying in the evenings is much more fun than watching TV or doing the ironing.
I am studying F3 Business Analysis which is basically about strategic planning. Yet again the calculator will remain unused for this subject. This subject appears to be very relevant as it is essential accountants understand how businesses work. As I am working as an accountant within a business I know I will find this course very useful.
The other paper I am taking is International Corporate Reporting. This builds on a previous paper which is the first time I have done this. So far it has taken a considerable amount of time just to revise the fundamental level of corporate reporting and understand recent changes in IFRS. The calculator will certainly be needed for this subject to the extent that I think I better go buy a replacement battery now. This course no doubt will prove to be very challenging but no point panicking yet.
So with the New Year ahead of me I am ready to take the challenge of the professional papers. As with the current economic climate it’s important to remain positive and remain confident. I just hope there is still a need for accountants through these difficult economic times and not just administrators.
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