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The 10 most commonly under prepared interview questions and how to think about them

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Below are some of the best questions to prepare for when going to an accountancy Interview

1 Why do you want to become an Accountant?

Answer this question by talking about your career goals, try to enthuse your answer with passion and convey the accountancy skills you’ve learn and built upon during your studies and your passion for the industry.

2 Why should I hire you?

Review the job description and qualifications very closely to identify the skills and knowledge that are critical to the position, then identify experiences from your past that demonstrate those skills and knowledge.

3 What was the toughest task you’ve experienced?

This question is looking for two answers 1) how much accounting experience you have and 2) how do you solve difficult problems to prepare before your interview, think about and pick an example for this question and prepare how you will convey the answer. If you do not have much accountancy experience admit you don’t have this experience (yet) but explain what you would do if you did come across such a situation. For example, you could consult your more experienced colleagues or research how to solve the issue yourself.

4 Why is there a gap in your work history?

Employers understand that people lose their jobs and it’s not always easy to find a new one fast. When answering this question, list activities you’ve been doing during any period of unemployment. Freelance projects, volunteer work or taking care of family members all let the interviewer know that time off was spent productively.

5 Do you know the appropriate Accounting standards?

it’s impossible to know all the accounting standards. However, its always a good idea to get up to date with the most recent changes in the standards use your knowledge of current events to demonstrate your prowess.

6 Are you a creative Accountant?

This question is really asking do you go above and beyond your job
Will you do what you can to add value to their company? Think of examples where you used you ingenuity to add value or propose new ideas.

7 Which Accounting applications or software do you know how to use?

This can be tricky if you have no idea which software your company uses. As well as listing what you do have experience with, it’s important to stress your understanding of accounting principles and ability to pick up new software

8 Tell me about a time when old solutions didn’t work

The interviewer is trying to identify how knowledgeable you are in today’s work place and what new creative ideas you have to solving problems. think of a situation or problem you solved with a new approach.

9 What’s the biggest risk you’ve ever taken?

Some roles require a high degree of tenacity and the ability to pick oneself up after getting knocked down. Providing examples of your willingness to take risks shows both your ability to fail and rebound, but also your ability to make risky or controversial moves that succeed.

10 Have you ever had a supervisor challenge your decision?

Interviewers are looking for an answer that shows that you have the ability to take criticism. think of an anecdote that shows that you can take on board criticism of your actions as well as explain unorthodox decisions to management

Six Tips to get you through ACCA September Exam Week

As of today, the ACCA exam session for the September exams begins. After hours of studying and hard work your success or failure will come down to the all important exam. To further complicate matters all the papers your are studying for this session will be examined between now and Friday. This is undoubtedly a recipe for worry and stress but there are a number of ways to improve your performance, why not give the below tips a try:

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 1. Make sure you have the right dates

Be sure of the date, time and location of your exam. Try to arrive at least 15 minutes early so you have time to relax before the exam. The dates for each exam can be found here. Scrambling to find this information on the day of an exam will only serve to increase your nervousness.

2. Get some sleep

Pulling an all-nighter is one of the worst things that you can do short of accidentally sleeping through your exam. Fatigued brains do not retain information, nor do they recall it well. There are effective ways to study, but adhering to a reasonable sleep schedule is the key to effectiveness.

3. Stay active

Exercise boosts blood flow to the brain, and sitting in one place for an extended period of time can lead to a tired, ill-supplied mind. You may not be able to squeeze in a full workout, but you do have time to go for a short walk.

4. Eat well 

Eating healthy food is always a great idea. During exam week, you may be tempted to eat and drink junk food . However, The sugar rush from these foods will ultimately leave you exhausted. Instead, eat foods that are digested slowly such as whole grains, fresh vegetables, and lean proteins. these will give you long lasting energy and sustain your throughout the day. Similarly before your exam eat a meal that is high in slow release energy and protein. Taking an important test while hungry can be a recipe for disaster.

5. Experiment with different methods of studying

If you a sitting more than one paper you might be planning to study for each individually, likely in chronological order. Interestingly, research has shown that human brains are not designed to focus narrowly for long stretches of time. Switching between papers hourly may improve your knowledge retention. Furthermore you do not have to split your time equally. If you have a paper coming up, review for more than one block of time.

 6. Silence your social media accounts

Procrastination is the enemy of all students. Turning off your social media for an entire week may not be realistic or achievable for every student. Do however, consider using it as a reward. But be aware of the “just for a moment” syndrome which can lead to lost hours of precocious time.

Becker’s ACCA Study Club Returns

Becker’s ACCA Study Club Returns

 

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Beckers ACCA study clubs return this month to help you prepare for your September / December exams,  the study club is a free series of Webinars designed to give you a a great foundation for revising for your exams as well as figuring out which papers to sit next.

Whatever stage you are in your studies you can take advantage of our range of FREE webinars to help you achieve exam success. Whether you are about to embark on your studies, are part way through your qualification, or you are about to complete, why not register for one of our FREE webinars?

ACCA CLUB 1 Webinar – Getting Started on your skills papers

A free one hour presentation by leading Becker tutor, Keith Rye, who will provide you with key guidance on exam technique and making the most of your last days of revision before your September / December exams.  This webinar will focus on the Skills Papers.

25/08/2015

ACCA CLUB 2 Webinar – Which Options?

A free one hour presentation by leading Becker tutor, Nick Ryan, who will provide you with key guidance on which Options Papers to select and what to expect from those syllabus’s

27/08/2015

ACCA CLUB 3 Webinar – Learning Strategies & Study Skills

 A free one hour presentation by leading Becker tutor, Keith Rye, who will provide you with key guidance on exam technique and making the most of your last days of revision before your September / December exams.

02/09/2015

ACCA CLUB 4 Webinar – Exam Techniques P Level

A free one hour presentation by leading Becker tutor, Nick Ryan, who will provide you with key guidance on exam techniques for the P Papers

26/11/2015

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For more information On these and other events head to https://becker-atc.com/webinar-registration/

Sitting ACCA September Exams with Becker

Planning on Sitting the ACCA September Exams? Here is what you need to know 

It’s tempting to think that the the September exams will simply be a session for resits, however this is not the case, the September exams are also an opportunity and experience to prepare for the change in sittings happening in 2016.

Why choose the September sitting?

  • More Exam sessions means more flexibility
  • Start early with a September exam and get a head start to the second half of the year
  • Take your exams over a longer period to help you manage your work/life balance
  • Get back on track quicker if you need to resit

Getting in the Habit: 5 Essential Revision Tips.

Revising in the right way is essential to maximising your learning time, especially if you are trying to work and prepare for exams at the same time. So what can you do to make sure you are giving yourself the best chance to succeed?

1. Develop a Revision plan

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Having a full-time job and pursuing a professional qualification on a part-time basis is the ultimate test of your time management skills . Overcome this challenge by developing a schedule that allocates specific time slots to work or revision, ensuring that there are no overlaps. Always remember to have a buffer area in case anything unexpected happens.

2. Past Paper Practice is Invaluable

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Constant question practice is the best way to identify your weak areas and the areas that require reinforcement. If you practice as many questions as possible you will begin to understand the style of each exam question. Question practice is absolutely essential and should be started as early as possible – mock exams help show you how far you have progressed in the syllabus.

3. Don’t go it Alone

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Study groups can bring lots of benefits. So even if there are times when you prefer to work alone, you should explore the possibilities. Study groups can provide a forum for discussion where you can share concerns, ideas, difficulties and multiple perspectives. You can learn from each others’ strengths and weaknesses, as well as finding out what you don’t know by reinforcing what you do know. Becker’s ACCA Online Learning packages give you access to our Student Forums where you can interact with other students as well as our tutors and text authors.

Learn More about our ACCA Online Learning packages.

4. Read the Examiner Reports.

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Examiner Reports are published on ACCA Global Website after every exam sitting highlighting the common mistakes and problem areas encountered by students. It is surprising how few students actually make use of this resource. A careful read of the examiner reports could assist you a lot in improving your exam technique especially in case you have been stuck on a paper for quite some time now, and have not been able to figure out the cause of failure yet (or have been attributing it to bad luck!).

Learn more

5. Be Healthy.

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According to a study done by the Department of Exercise Science at the University of Georgia, even briefly exercising for 20 minutes facilitates information processing and memory functions.

Exercise affects the brain on multiple fronts. It increases heart rate, which pumps more oxygen to the brain. It also aids the bodily release of a plethora of hormones, all of which participate in aiding and providing a nourishing environment for the growth of brain cells.

Exercise stimulates the brain plasticity by stimulating growth of new connections between cells in a wide array of important cortical areas of the brain. Recent research from UCLA demonstrated that exercise increased growth factors in the brain- making it easier for the brain to grow new neuronal connections.

Being healthy also means eating a balanced diet and drinking plenty of water and getting enough sleep.

Tips for the ACCA September Exams:

Exam Tips 2015 skill papers

 

Becker have produce a handy ACCA Exam Tips eBook to help you kick start your September 2015 revision

For more information click here

Prepare for your ACCA June 2015 Exams with Becker’s Free ACCA Webinars

To help you prepare for your ACCA June 2015 exams, Becker Professional Education will be running a number of free ACCA online webinars designed to give you expert advice and guidance on the revision phase of your studies to prepare effectively.

Webinar Title Tutor Date Description
Exam Techniques:
F Papers
Nick Ryan 22.05.2015

18.00 CET

A free one hour presentation by leading Becker tutor, Nick Ryan, who will provide you with key guidance on exam technique and making the most of your last days of revision before your June exams.  This webinar will focus on the F Papers.
Exam Techniques: P Papers: Nick Ryan 20.05.2015

18.00 CET

A free one hour presentation by leading Becker tutor, Nick Ryan, who will provide you with key guidance on exam technique and making the most of your last days of revision before your June exams.  This webinar will focus on the P Papers.

Register your place today

Becker Professional Education – ATC International Announce its New Accreditation Status as a CIMA Learning Quality Partner

LONDON – Jan. 14, 2015Becker Professional Education, a global leader in professional education and
a part of DeVry Education Group, today announced that its Russian‐based training centre, operating as
Becker Professional Education – ATC International, has received Learning Quality Partner Accreditation
from the Chartered Institute of Management Accountants (CIMA).

Becker Professional Education – ATC International has been providing training courses in the Russian
Federation for CIMA qualifications since 2008 and offers CIMA candidates high quality programmes for a
suite of qualifications, including CIMA Certificate in Business Accounting, CIMA Diploma in Management
Accounting, CIMA Advanced Diploma in Management Accounting, Strategic level and Professional
Competence level of the Chartered Management Accounting qualification.

CIMA’s quality assurance programme ensures that students are provided with high standards of tuition
and have a greater likelihood of passing their examinations.

To be awarded CIMA Quality Learning Provider status, Becker has demonstrated high quality tuition and
educational support to its students, and is forward thinking, meets market requirements and is focused
on student success. Accreditation is carried out by CIMA and includes a review of pass rates, student
retention and student satisfaction.

There are six steps within the CIMA Learning matrix that a tuition provider is reviewed under:

  • Understanding the market
  •  Providing expert tutors
  • Delivering courses which produce results
  • Supporting students throughout their studies
  • Reviewing performance at all stages
  • Demonstrating continuous innovation and improvement

“We are honoured to take our partnership with CIMA to the next level. Becker – ATC International will
continue serving students around the world with high standards of tuition and support throughout their
professional studies” said Matt Kinnich, vice president of international and business development at
Becker Professional Education. “As the only tuition provider in the Russian Federation with CIMA’s
Quality Learning Partner Accreditation, CIMA candidates studying with Becker – ATC International can
be assured that they will receive the support they need to achieve success in their professional careers.”

About Becker Professional Education
Becker Professional Education, a part of DeVry Education Group (NYSE: DV), is a global leader in
professional education serving the accounting, project management and healthcare professions. Nearly
half a million professionals have prepared to advance their careers through its CPA Exam Review,
ACCA® Courses, PMP® Exam Review, USMLE® Review and Continuing Professional Education courses.
Throughout its more than 50‐year history, Becker has earned a strong track record of student success
through world‐class teaching, curriculum and learning tools that enable its students to develop the
knowledge and performance skills necessary to stay ahead in an ever‐changing business world. For more
about Becker Professional Education, please visit www.becker.com.

Becker Professional Education Announces 2015 ACCA Study Festival

ACCA students receive free access to online learning materials and expert advice

LONDON – Dec. 19, 2014 – Becker Professional Education, a global leader in professional education and a part of DeVry Education Group, today announced its first ever ACCA Study Festival. Beginning 12 January 2015, Association of Chartered Certified Accountants (ACCA) students all over the world are invited to use Becker’s ACCA Interactive Study System free of charge for two months. Becker’s ACCA Study Festival is designed to allow students to get a head start on their studies for the June 2015 examination session by receiving free access to Becker’s advanced online learning materials and expert advice.

“We want everyone to experience the incredible quality and innovative learning system that they will receive with our Interactive eBook,” said Matt Kinnich, vice president of international and business development at Becker Professional Education. “The 2015 ACCA Study Festival will provide students free access for two months to the paper of their choice with the opportunity to then purchase full access for the remainder of their studies towards the June 2015 examinations at the discounted price of £33 each.”

During the ACCA Study Festival, students will be able to access a wide range of learning materials and study support tools from Becker including:
• Becker’s Interactive eBook containing:
• ACCA Approved Content Study System
• Up to 15 hours of tutor lectures per paper
• Video introductions to each syllabus area
• Tutor notes
• Question practice
• Interactive examples
• Note taking tools

Additional study support includes:
• Live tutor support webinars starring lead tutors, Nick Ryan and Keith Rye
• Live Facebook discussion events starring paper specialists Phil Bradbury, Nick Ryan and Keith Rye
• Learning style quiz
• Video lecture support and time management tips
• Study planners and study technique guidance
• Paper-specific question practice
Students registered for the Study Festival will receive discounts and offers for future online learning materials and programmes, including full access to the interactive e-book to prepare for the June 2015 exams.
Find out more and pre-register today at: https://becker-atc.com/free-acca-study-festival/
Free materials that are part of the ACCA Study Festival will be available beginning 12 January 2015 until 15 March 2015.
Becker is an Approved ACCA Content Provider, which indicates its Study System (textbook) and Revision Question Bank have been assessed and approved for their quality by ACCA’s examining team. Becker has also received Platinum ALP-st status from ACCA for its centres in Russia and Ukraine, and Gold Status for its centre in Kazakhstan.

About Becker Professional Education
Becker Professional Education, a part of DeVry Education Group (NYSE: DV), is a global leader in professional education serving the accounting, project management and healthcare professions. Nearly half a million professionals have prepared to advance their careers through its CPA Exam Review, ACCA® Courses, PMP® Exam Review, USMLE® Review and Continuing Professional Education courses. Throughout its more than 50-year history, Becker has earned a strong track record of student success through world-class teaching, curriculum and learning tools that enable its students to develop the knowledge and performance skills necessary to stay ahead in an ever-changing business world. For more about Becker Professional Education, please visit www.becker.com.

PDF Version

Becker’s ACCA Daily Revision Advice – P2

New to the P2 syllabus for December 2014 is the topic of Integrated Reporting <IR>, it is highly likely that this topic will feature to some extent in forthcoming exams.

An article in the member’s CPD section of the ACCA website “<IR> – the nuts and bolts” is well worth a read.

Becker’s ACCA Daily Revision Advice – P3

P3 is a very practical exam – and while knowledge of the theories is necessary, it is essential to practice the higher skills expected at the P level paper. The examiner will expect you to be able to apply your knowledge to real life situations as presented in the scenarios. The only way to develop this skill is to attempt past exam questions, thoroughly review your answers and read the examiner’s report feedback.

It is advantageous to have good knowledge of business in general for a paper such as P3. This can be gained by reading a good business or financial newspapers or watching business programs on news channels.

Becker’s ACCA Daily Revision Advice – P5

Many of the topics in P5 are covered in other papers, so for a student at the final level, it is more important to focus on applying your knowledge to real life situations, or more specifically, the case studies in the P5 exam, than accumulating new knowledge.

Although it is important to have a good knowledge of the theory you must be able to demonstrate the higher skills that the examiner requires. The examiner has mentioned in particular the skills of analysis and evaluation. The best way to develop these skills is to attempt past exam questions properly (i.e. don’t just read the question and “audit” the answers – spend enough time on the question to really test yourself). After this, read the examiner’s report relating to that question to find out where candidates went wrong when that question was sat.

The two-part technical article “Improving your paper P5 answer” on the ACCA’s website is ESSENTIAL reading. Click here to read Part 1 and Part 2.

Becker’s ACCA Daily Revision Advice – P4

Assumed knowledge of F9 Financial Management underpins this paper and is therefore essential – but is not sufficient to obtain a pass at this advanced level.  Be sure to practice calculations on the Black Scholes model – although exam formulae are provided the abbreviations must be memorised and some skill is required to crunch the numbers under time pressure.

Some key exam advice is:

  • When asked to comment up your calculations do not be afraid to do so even if you think your calculations contain errors – you can still get maximum marks for comments. If you cannot perform a necessary calculation write an assumed result and comment on that.
  • Do not throw away the professional marks available in Section A
  • Be prepared to use the Black Scholes model to value options embedded within company projects – Real Options Pricing Theory.
  • Give real life examples where appropriate to support your comments – extra marks may be awarded

Becker’s ACCA Daily Revision Advice – P7

P7 is a required examination on the road to becoming a registered auditor – so expect the hurdle to be high and tough.

Make sure you have read all the examiner’s articles and at least the most recent examiner’s report. These are essential to understanding the examiner’s expectations and common mistakes made by candidates. It is very important to have studied and revised the whole syllabus including current issues and integrated reporting.

Becker’s ACCA Daily Revision Advice – P1

It’s important to have studied and revised the whole ACCA P1 syllabus and not only understand the theory but how to apply the theory to a practical scenario.  Past exams clearly show that questions are based on real life situations.  The credit crunch/banking crisis of the last few years, in particular, provides many examples that cover just about every syllabus area.  “Real world” thinking is essential!

Read part 1 and part 2 of the article “Public sector governance” from the ACCA website which covers a new area of the syllabus.

Becker’s ACCA Daily Revision Advice – F9

The ACCA F9 exam format has changed for December 2014 although the syllabus has not changed.

Section A – 20 MCQs from across the entire syllabus
Section B – Three 10-mark questions and two 15-mark questions.

The 10-mark questions will be drawn from across the entire syllabus and the 15-mark questions can examine investment appraisal, sources of finance, cost of capital and working capital management.

Important guidance on using your Reading and Planning Time – F5, F7 and F9

Do not waste reading and planning time (RAPT) on Section A; use RAPT for Section B questions.

When you tackle Section A:
• Do not leave difficult items until “later” as you may forget to make any response to them; you cannot fill in missing items when the invigilator has instructed to stop writing;
• Cover the options available while you make your calculations (so you are not distracted to select a “penultimate” calculation);
• If an item is taking too long then make a reasoned guess – there is no negative marking for wrong answers.

Becker’s ACCA Daily Revision Advice – F8

It is important to familiarise yourself with the new examination format by working through the December 2014 F8 Specimen Exam on the ACCA website.

The new format is as follows:

Section A – 12 MCQs (20 marks)
Section B – Four 10 mark questions plus two 20 mark questions (in familiar style)

The new format allows the examiner to examine an even wider range of topics so be sure to revise the whole syllabus.

The article “Examiner’s approach” is still essential reading (available on the ACCA website) for Section B of the paper. This article and any examiner’s report make it clear that questions will be of a practical nature and a purely theoretical approach to study is unlikely to bring success.

Becker is an ACCA Approved Content Provider that delivers Accountancy materials and study support

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