Success in the ACCA SBL exam

ACCA Online Live learner Natalie Wood, a financial controller in the access equipment industry, is celebrating passing SBL, her final ACCA exam, with a phenomenal 80%!

Image of Natalie who was successful in her ACCA SBL exam

Success in the ACCA SBL exam

ACCA Online Live learner Natalie Wood, a financial controller in the access equipment industry, is celebrating passing SBL, her final ACCA exam, with a phenomenal 80%!

Natalie returned to learning in 2021 after completing her AAT qualification eight years previously.  Having joined her current employer in 2014 as an accounts assistant, she was able to expand her experience and learn from supportive colleagues to progress into her current role, whilst carrying out her ACCA studies.

The ability to study using Online Live was perfect for her to combine full time work with studying.  The structure of the First Intuition programme meant studying for one exam at each sitting was achievable with a short break between each module.

We asked Natalie for her thoughts on success in the SBL exam. She was kind enough to share the following brilliant advice:

The importance of mock exams for success in your SBL exam:

Natalie explained: “The importance of completing the mocks cannot be understated. Although I rarely passed the mocks, I found the experience invaluable for understanding the style of questions and structure of answers”. [Editor’s note – this one applies to all exams. We know this from the higher pass rates obtained by learners who do attempt mocks!]

Understanding the ACCA SBL exam:

“Understand that the SBL exam is only one question with many parts. Therefore, all information may be drawn upon for any part of the task to avoid duplication of points. I ran through in my mind all sorts of different business scenarios that may occur and the benefits/consequences for each. So, to reduce the risk of losing focus, only do this as a thought process. Try not to get bogged down and pulled in the wrong direction. Read the tasks first and pick out the relevant information. Don’t be afraid to spend time reading. Its tempting to rush ahead and start but, this won’t help”.

How can the pre-seen increase your success in your SBL exam?

“Create a SWOT analysis when the pre-seen is available, use it for a framework to understand the business model. Focus on what models, shown in the pre-seen, may be relevant and ensure you learn them. Bare in mind they are only useful to give you a structure, not to answer the question”.

Do you have any other tips on how to be successful in your SBL exam?

Natalie suggests:

“Think logically about the consequences of each bit of information given. How it will impact the different areas of the business, will it affect profit/loss, increase cost, have reputational damage, or affect any relevant regulations or covenants? I couldn’t remember the name of the nominations committee, so I had to refer to it as the ‘successions committee’ in the hope that the examiner would understand, instead of leaving those points or worrying too much. Think sceptically about everything. Is the project income realistic? Are all relevant costs included? Is there a reason someone may want to manipulate the results for personal gain? The First Intuition pre-seen webinar was invaluable and should be part of everyone’s preparation timetable”.

Congratulations Natalie on all your hard work! Thank you so much for sharing such valuable insights into SBL success.


Don’t forget to register for our free ACCA SBL pre-seen webinar here.

 

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