5 Tips for Managing Exam Failure

It’s a tough situation, but it can also be a turning point. Here are some of the most important things to keep in mind if you’ve failed an accountancy exam.

Failing an exam doesn’t mean you’re not capable of becoming an accountant. Accountancy exams are notoriously tough—many professionals you look up to have failed at least once. It’s about persistence, not perfection.

Failure often ends up being the catalyst for better preparation and eventual success.

Allow Yourself Time to Process

It's natural to feel disappointed, or even embarrassed after an exam failure. Give yourself a short window to acknowledge those emotions. Processing it emotionally is the first step toward bouncing back.

Reflect on the Exam

Were there specific topics or question types you struggled with? Did time management, exam technique, or nerves played a role?

This insight is crucial to making focused improvements next time.

Reassess Your Study Strategy

A failed attempt is often a sign that your current revision method may not be effective. Did you study actively (e.g. question practice) or passively (e.g. reading notes)? Did you practice under timed conditions? Did you use past papers and examiner reports?

Create a Realistic Re-sit Plan

Plan when you’ll resit the exam. Avoid rushing into the next sitting if you’re not ready though, and develop a structured study timetable (which includes rest days!).

Keep Perspective and Stay Motivated

Failing an exam doesn’t define your capabilities or future success. Many qualified accountants have faced and overcome the same setback. Use it as a growth experience and a chance to build resilience—a key trait in the profession.

Remember your broader career goals to remind yourself why you’re pursuing this path.