When the ACCA results were released this session, one name stood out.
IBTC student, Lileya Hanauer achieved the highest mark in South Africa for the Performance Management (PM) paper.
We caught up with her to find out how she approached one of ACCA’s trickiest subjects, what helped her stay motivated, and what she did when she really didn’t feel like studying.
Congratulations on your achievement! How did you feel when you found out you were the top-performing student in South Africa for PM?
It was a shock to say the least, I didn't believe it at first. I emailed you guys to confirm that it was, in fact, real and that no one was trying to ‘punk’ me. After that, it still took a few minutes to sink in.
Today, I'm just feeling really proud and realising that it is quite the achievement.
Why did you choose to study ACCA, and how has the journey been so far?
When I finished my studies, I always knew I'd want to continue studying, but I was never going into auditing, and that seemed to be the focus of the degree I chose. I met my now-boss who had studied ACCA, and she introduced me to it.
After that, it was a no-brainer for me, I signed up because it was exactly what I was looking to do. It took a while to get into studying again, especially while working full-time, but I can honestly say I'm so happy that I'm on this journey.
PM is known to be a challenging paper. What was your study approach?
In all honesty, my study approach is to take the textbook chapter by chapter and rewrite most of it into my own summarised version. After each chapter, I like to do the practice questions. Once I've got through everything, I go through the entire textbook again with a variety of highlighters, marking what now seems important.
Then more question practice and past papers! For PM, focusing on how they wanted the answers structured seemed important, so that's what I tried to take note of.
You also did Tax with us. How did that experience compare?
I chose Tax as my first exam because it's what I do daily as a tax accountant, and I wanted to ease myself into studying again.
The experience overall was amazing. For that paper, I did attend quite a few study sessions, and the support I received from the IBTC WhatsApp group chats was awesome. It was an easy way to get feedback when I was feeling unsure.
What advice would you give to other students preparing for PM?
Do the past papers and make sure you understand how to interpret the scenario, as well as what you are calculating. Remember that calculations are only going to take you so far.
Being able to understand why you used something in a calculation is key.
What was the most challenging part of the PM exam - and how did you tackle it?
Not knowing what the discursive questions would be on was challenging. There were so many topics that they could have gone with, and knowing how much to focus on theory vs calculations made it tricky.
That is why it’s so important to understand why you are calculating something, instead of just memorising formulas.
What stood out to you about studying with IBTC?
The speed at which they sent my books right to my door, and the quality of the study materials and video recordings.
I also enjoyed the little tutor study sessions, which helped me get answers to the questions I was stuck on, as well as showing me how to approach the modules.
And the check-ins from the team to make sure that I was still on track.
In your peak procrastination moment - what were you doing instead of studying?
Procrastination was real. Having to study after working 8–5 was not easy, and I may have taken one or two evenings to just go to bed super early and ignore the textbooks sitting on top of my desk. That, and the urge to not be at home, meant that I would use any excuse to get out, even just to go to the shops.
Do you have any study superstitions? A lucky pen, a ritual playlist, or sitting in the same seat?
I'm not sure if it's superstition or just to calm my anxiety, but I have to take two calculators into my exam. I also need to use the same pen I used while studying for my rough calculations in the exam. Pre-exam, I was blasting one of my favourite songs and singing at the top of my lungs to get rid of those butterflies.
Lileya’s story is a powerful reminder that success isn’t about perfection, it’s about consistency, understanding, and the courage to keep going even when it’s tough. We’re incredibly proud to have been part of her journey, and we can’t wait to see what she achieves next.
If you’re preparing for your next exam, take a page from Lileya’s book: trust the process, put in the work, and don’t be afraid to ask for help along the way.
Lileya Hanauer, ACCA Performance Management (PM) Top Achiever
How can I effectively manage my time while studying for the ACCA PM exam?
To effectively manage your time while studying for the ACCA PM exam, create a detailed study schedule that includes specific goals and deadlines. Prioritise key topics and allocate time for practice questions.
Balancing work and study can be challenging, so it's crucial to set realistic goals and stick to your schedule. Break down your study material into manageable sections and focus on one topic at a time. Regularly review your progress and adjust your plan as needed. Incorporate breaks into your schedule to avoid burnout and maintain productivity. Utilising study groups or online forums can also provide support and motivation.
What resources are most helpful for preparing for the ACCA PM exam?
The most helpful resources for preparing for the ACCA PM exam include official ACCA study materials, past exam papers, and online practice questions. These resources provide a comprehensive understanding of the exam format and question types.
In addition to official materials, consider using supplementary resources such as textbooks, video lectures, and study apps that focus on ACCA topics. Joining study groups or forums can also be beneficial as they offer a platform to discuss challenging concepts and share insights. Utilising a variety of resources ensures a well-rounded preparation, helping you to tackle both theoretical and practical aspects of the exam.
How important is it to understand the exam structure for ACCA PM?
Understanding the exam structure for ACCA PM is crucial as it helps you allocate your study time effectively and focus on high-weight areas. Familiarity with the structure reduces exam-day anxiety.
The ACCA PM exam consists of multiple-choice questions and longer, discursive questions that test your analytical skills. By knowing the structure, you can practice time management and develop strategies for different question types. This understanding assists in identifying key areas for improvement, ensuring you are well-prepared to tackle both theoretical and practical questions efficiently. For instance, the multiple-choice section requires quick thinking and precision, while the discursive part demands a deeper analysis and structured response. Practicing under timed conditions can simulate the exam environment, helping you manage stress and improve performance. Additionally, reviewing the weightage of topics allows you to prioritise your study efforts, focusing more on sections that carry higher marks. This strategic approach not only boosts confidence but also enhances your ability to apply knowledge effectively during the exam.
What are some common mistakes to avoid when studying for ACCA PM?
Common mistakes to avoid when studying for ACCA PM include neglecting practice questions, focusing solely on memorisation, and not reviewing past papers. These errors can hinder your understanding of the subject.
To avoid these pitfalls, ensure that you incorporate a mix of theory and practice in your study routine. Regularly attempt past papers to familiarise yourself with the exam format and question styles. Focus on understanding the concepts rather than rote learning, as this will help you apply your knowledge to different scenarios. Additionally, seek feedback on your practice attempts to identify areas for improvement. Engaging with a variety of study materials, such as textbooks, online resources, and study groups, can provide a more comprehensive understanding of the subject matter. It is also beneficial to create a study schedule that allows for regular revision and self-assessment. By actively engaging with the material and seeking clarification on challenging topics, you can build a stronger foundation and increase your chances of success in the exam.
How can I stay motivated while preparing for the ACCA PM exam?
To stay motivated while preparing for the ACCA PM exam, set clear, achievable goals and reward yourself for meeting them. Break your study sessions into smaller, focused intervals to maintain concentration.
Creating a study group or finding a study partner can also boost motivation by providing accountability and support. Regularly remind yourself of your long-term career goals and how passing the ACCA PM exam contributes to them. Incorporate variety into your study routine by using different resources and methods to keep the process engaging. Lastly, ensure you maintain a healthy work-life balance to avoid burnout. Setting up a dedicated study space can help create a conducive environment for learning, while taking regular breaks can prevent fatigue and enhance productivity. Additionally, tracking your progress through a study journal or app can provide a sense of accomplishment and highlight areas that need more focus. By maintaining a positive mindset and staying organised, you can keep your motivation levels high and work effectively towards achieving your certification.
What strategies can help with understanding complex ACCA PM topics?
To understand complex ACCA PM topics, break them down into smaller, manageable parts and focus on one aspect at a time. Use diagrams and flowcharts to visualise processes and relationships.
Engage with different learning materials such as videos, podcasts, and interactive quizzes to reinforce your understanding. Discussing difficult topics with peers or tutors can provide new perspectives and insights. Practice applying concepts to real-world scenarios to deepen your comprehension. Consistent revision and practice questions will help solidify your understanding and improve your ability to recall and apply knowledge during the exam. For instance, tackling case studies can enhance your analytical skills, while group discussions can offer diverse viewpoints that enrich your grasp of the material. Additionally, setting aside time for regular self-assessment can help identify weak areas and track progress. By actively engaging with the content and seeking clarification when needed, you can build a robust understanding of complex topics and improve your overall performance.
How does studying with IBTC enhance your ACCA PM exam preparation?
Studying with IBTC enhances your ACCA PM exam preparation by providing quality study materials, timely support, and structured guidance. Their resources are tailored to meet the specific needs of ACCA students.
IBTC offers a comprehensive support system, including access to tutors, study groups, and online forums, which facilitates a collaborative learning environment. The flexibility of their study plans allows you to balance work and study effectively. Additionally, the regular feedback and check-ins from the IBTC team help keep you on track and motivated, ensuring a thorough and well-rounded preparation for the exam. Their structured courses are designed to cover all syllabus areas comprehensively, while their interactive learning tools and practice exams help reinforce knowledge and build confidence. By providing a variety of learning formats, such as live webinars and recorded sessions, IBTC caters to different learning preferences and schedules. This holistic approach not only enhances understanding but also equips you with the skills needed to succeed in the ACCA PM exam.
