Indeed. With basic iron sights the AK is a reasonably accurate platform in semi-auto mode, and with the AK-74 the accuracy is much more manageable. In fact, I got to shoot my 74 for the first time today (built from a Bulgarian parts kit), and the two things I took away from shooting it were (1) that increased accuracy and (2) the recoil is much more manageable than a 47 - it's practically like shooting an AR-15.