Icarus for ACCA vs PassIt

The Icarus business simulation is for ACCA students and requires a username and password which is provided by your course leader at ACCA. This business simulation provides students working in small teams with a complex business challenge set in a real-life context, where research into the market and the industry will be directly relevant to and consistent with the simulated business. Teams use the model to explore different strategies, and carry out what-if analysis and scenario planning to test the robustness of their plans. The simulation includes the following stages: 1. Research and analysis. Students have access to past financial results of the simulation company and will be expected to research the real economic and competitive environment of the industry. 2. Teamworking. The simulation includes built-in social media tools to enable students in different locations to communicate and work as teams in managing their airports. A nominated Chief Executive is responsible for co-ordinating plans and submitting the agreed decisions each period. Teams are able to rotate the CEO and other roles. 3. Planning. Using the simulation, the students are able to build a five-year business plan, including exploring and comparing different strategies and testing the robustness of their plans in different external scenarios. 4. Implementation. Team decisions are processed through the “real world” model and teams will be able to compare their actual results against their plans and budgets and also benchmark their progress against other student teams. They also receive feedback about the market and data about changes in the competitive environment. 5. Reflection and further decision making. Teams can adapt their plans, review their decisions and respond to new stimulae before submitting subsequent sets of decisions. 6. Final report. Students may provide individual and/or team reports for tutors to provide feedback on.

PassIt helps ACCA students study and practise for BT, MA, FA and LW in one place. Use it to work through syllabus topics, review study material, practise questions, test yourself with full mocks and keep track of the areas that still need attention. Whether you have ten minutes to revise or want to sit a full mock, PassIt is designed to make ACCA study easier to organise and easier to come back to. Features include: • Study by topic Work through revision material organised around the ACCA syllabus, then move straight into practice for the same topic. • Practice by topic Choose the paper, section or subtopic you want to focus on instead of working through unrelated questions. • Mixed Practice Create shorter or longer practice sessions using questions from across the paper. • Full mock exams Sit full mock exams designed around the structure and timing of the relevant paper. • Flashcards Review key definitions, rules, formulas and concepts, and continue from where you left off. • Wrong questions Return to questions you answered incorrectly and practise them again. • Weak areas See which topics need more attention and focus your study where it will be most useful. • Clear explanations Review the reasoning behind each answer so you can understand the topic rather than simply memorising the correct option. • Progress tracking Follow your practice history, accuracy, completed topics and mock results as you work through each paper. PassIt Premium unlocks full access to study material, practice, flashcards, mock exams and progress tools. PassIt is currently available for: BT Business and Technology MA Management Accounting FA Financial Accounting LW Corporate and Business Law (English) PassIt is built for students who want a straightforward way to study, practise and prepare for ACCA exams from their phone. Disclaimer: PassIt is an independent study and revision app. It is not affiliated with, endorsed by, sponsored by or approved by ACCA. ACCA is a trademark of its respective owner. PassIt content is independently created for study and revision purposes using the relevant syllabus areas. Terms of Use (EULA): https://www.apple.com/legal/internet-services/itunes/dev/stdeula/ Privacy Policy: https://passitapp.com/privacy-policy/