Education

ACCA Advanced Tax: The Ultimate Guide To Pass the Exam

All exam variants within the ACCA module present a unique set of challenges. Some are mainly knowledge-based, while others test students on their analytical skills. In any case, adequate knowledge on the subject matter is pivotal and should be leveraged to attain higher scores.

When it comes to ACCA advanced taxthe exam’s content deals with the fundamentals governing different tax systems. It teaches students the implications of different types of taxes, when imposed within a jurisdiction, on the larger public. From government agencies to public sectors, ACCA advanced taxation dissects the tax system’s effects under a microscope. Moreover, there are various techniques, formulations, and calculations involved – all of which the student must be sufficiently familiar with to increase their chances of passing advanced taxation.

So, to achieve impressive scores, students often go the extra mile, and these are some of the best practices you should be following as well.

1. Past papers are your best friend

Anyone who’s ever given ACCA exams will tell you that practicing questions is the key to acing the exam. This has been said and done more times than one can count, and the attributed emphasis is justifiably valid. Experts recommend practicing as many ACCA P6 past papers as possible to ace through ACCA advanced tax, but that’s not all. Quantity shouldn’t compromise quality. In that, it is equally essential for students to hone their skills through different types of questions.

Traditionally, all ACCA P6 past papers follow a particular trend. There are always a few questions that seem to repeat every three or four years in ACCA advanced tax. Granted, you will always found them wrapped up within a tweaked context each time. Then, there are the questions in ACCA ATX that are relatively difficult and rarely ever repeat. These are the ones you should be particularly fishing out to perfect.

2. Pay close attention to the examiner’s reports

Here’s the deal, when attempting an ACCA exam, your goal should be to provide the kind of answers the examiner wants. Don’t make the mistake of simply writing what you read in the textbook of advanced taxation. That’s a slippery slope you should remain far away from.

Naturally, it isn’t easy to figure out what an examiner wants, and while each has their quirks, there are a set of unsaid standards that students must consider. Simultaneously, no handbook spells out these standards, so then, all that’s left are the ACCA ATX examiner’s reports. These give great insight into how one can answer a question, highlight the mistakes they should be avoiding and recommend alternative solutions to score higher.

3. Don’t leave anything out

It seems like something that doesn’t need to be said. However, students tend to give up on the overwhelming course load because of a lack of time. Verily, you should strive to start your preparation well in advance of the examination date. With ACCA, overestimating your capabilities can translate into poor performance, so despite everything, ensure that you have a proper plan laid out to cover every inch of the course. ACCA ATX isn’t the hardest variant on the list. However, that doesn’t mean it lacks complexity. You can have access to extensive study material from SKANS eCampus.

4. Check out video guides

Amidst the pandemic, traditional learning has proved to be redundant – and in many cases, impossible. But that shouldn’t stop you from giving your best shot, quite the opposite, actually. Today, there are numerous online tutorials you can refer to while preparing for your ACCA exams. The worst thing you can do is leave the problem and move on to the next. Verily, with free online guides, you can find a quick fix, satisfy your query and then, work on the next one.

All in all, passing advanced taxation needs extra effort and an eye to detail while preparing for the exams. Schedule your time for preparation wisely, and make sure to have ample time for revisions.

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