Understand that 'arse about' is casual British slang not to be used in formal situations. He's always arsing about with his mates instead of studying.
Pro Tip 2/3
Mildly Vulgar
'Arse about' is mildly vulgar; some may find it offensive. Be cautious with your audience. I can't watch this movie, let's arse about instead.
Pro Tip 3/3
Not Literal
It's a metaphorical expression meaning to be unproductive, and does not involve a literal 'arse'. You cannot just arse about all day and expect to pass the exams.