Recent studies show that a lot of students struggle or fail accounting exams. It is really difficult to determine the reasons for this. For the last few years, the area has been on focus by many stakeholders. The truth is that there are certain simple reasons that make students fail exams. Passing your accounting marks requires that you maximize your marks. I always look for tutors who can do my accounting homework for me as I prepare for the exams. These are some of the top tips that can help you pass an accounting exam.

Read Questions Carefully

Although it seems to be obvious, you will be surprised to realize that there are many students who fail to understand and read what the questions ask of them. You should note that accounting concepts are broken down into different topic areas, and when you understand the types of questions, you can master the different techniques of mastering these questions. For instance, creating trial balance, ratio analysis, financial statements, and posting journals.

Consult Supporting Material

A lot of students, especially in accounting, spend a lot of time reading and absorbing facts instead of pinpointing the questions they are likely to be asked. When you know the questions you can be asked, you can fish for the right information. That is a technique that guarantees you to focus on providing the right answers.

Include Workings and Narrations

This is normal for accounting journal questions, and it is vital to layout your assumptions and narrate what the transaction is for. Maybe the marker can give you some extra marks if he or she can determine where you went wrong.

Include the Correct Format

There are instances where a marker can award you marks for following the right format. That is the case with a balance sheet and cash flow statement. By putting in the report name, company name, and appropriate subheadings can mean a huge difference.

Time Management

Ensure you work out the time you are given for the exam and divide it according to the total marks. For instance, if you are given a 2-hour exam with a total of 100 marks, you should work 1.2 minutes per mark. You need to plan for this when preparing for the exam and stick to it. If you are disciplined, you are likely to pass the exams.

Know Basic Principles

As you know, accounting is not rocket science, and it comes down to understanding the basic principles. Although these principles seem to be simple, they are the foundation of more advanced principles.…