I'm revisiting last nights answer as your tutor has really annoyed me with their short sighted and totally incorrect advice.
They are so dangerously wrong to the point where if they worked for me I would dismiss them for that statement as it shows a serious and fundamental lack of understanding of the qualification that they are supposed to be teaching.
ACCA Paper F3 requires a firm undestanding of double entry and the basic principles of bookkeeping and accountancy. It is the foundation upon which all of your later studies are based. The terminology and concepts covered here are assumed knowledge in your later studies
To quote the Aim of the F3 Syllabus (taken directly from the Syllabus) :
To develop knowledge and understanding of the underlying principles and concepts relating to financial accounting and technical proficiency in the use of double-entry accounting techniques including the preparation of basic financial statements for single entities and simple groups.
There is no software to remove that knowledge expectation from you in the exam hall.
Even if there were, you are learning to be an Accountant, not an end user of a bit of software.
Simple fact, if you do not understand the principles of double entry you will fail ACCA.
The question to ask this tutor that you have is do they understand double entry and if so why do they feel that the people that they are teaching do not need to know about it.
OMG just realised that I've become one of the "what on earth are they teaching these youngsters today" brigade! lol.
Good luck with it though, it's a very long hard slog to get from F1 to P7... Personally after that line I would be looking for a different training provider though.
kind regards,
Shaun.
p.s. You have no doubt read the Syllabus already for paper F3 but if not see here and look at how fundamental Double Entry is to the paper
-- Edited by Shamus on Tuesday 22nd of January 2013 09:18:02 AM
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
A friend of mine is taking acca course in London. She says the person who teaches told people that they are not going to be taught double entry since it is ' not important'. I don't get it. Can anybody explain that to me why people who teach at acca courses say things like that and really don't teach about double entry accounting?
Random guess: Because most, if not all, use accounting software which "hides" the double entry aspect from users.
However, personally, I still think understanding the basic principles such as double entry is important because it helps the user to understand what the software is doing - and understanding that is what enables the user to come up with solutions to unexpected problems, or to understand why things have gone wrong if someone screws up, and be able to investigate and resolve the resulting errors.
But as I say, that's just a random guess as to the reason. Having never studied, I could be talking out of the wrong orifice.
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Vince M Hudd - Soft Rock Software
(I only came here looking for fellow apiarists...)
