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ACCA Exemptions And Other Details about ACCA

ACCA Exemptions

ACCA Exemptions:  Founded in 1904, the Association of Chartered Certified Accountants (ACCA) is the global professional accounting body offering the Chartered Certified Accountant qualification (ACCA or FCCA). From June 2016, ACCA recorded that it has 188,000 members and 480,000 students in 178 countries. ACCA’s headquarters are in London with principal administrative office in Glasgow. ACCA works through a network of 100 offices and centres and more than 7,100 Approved Employers worldwide, who provide employee development.

The term ‘Chartered’ in ACCA qualification refers to the Royal Charter granted in 1974.

Chartered Certified Accountant is a legally protected term. Individuals who describe themselves as Chartered Certified Accountants must be members of ACCA and if they carry out public practice engagements, must comply with additional regulations such as holding a practising certificate, carrying liability insurance and submitting to inspections.

The Association of Authorised Public Accountants (AAPA), one of the British professional bodies for public accountants, has been a subsidiary of ACCA since 1996.

ACCA works in the public interest, assuring that its members are appropriately regulated. It promotes principles-based regulation. ACCA actively seeks to enhance the value of accounting in society through international research. It takes progressive stances on global issues to ensure accountancy as a profession continues to grow in reputation and influence.

ACCA offers exemptions to students who have studied relevant accountancy qualifications prior to starting ACCA’s accountancy qualifications. This means that you may not have to take all of the exams in the ACCA Qualification or at the foundation level and you can start your studies at the right level.

ACCA Exemptions: SHOULD I CLAIM MY EXEMPTIONS?

Exemptions stop you from having to study the same topics that you have already been taught. This is great if you have recently achieved a qualification, as it’s still fresh in your mind. However, if you are thinking of claiming an ACCA exemption based on qualifications you gained years ago or if you have been working in a field other than accountancy for some time, you may need to take the exam.

Studying for the exam will allow you to refresh your knowledge and will ensure you are sufficiently prepared for the higher level papers, which go into topics in greater depth.

If you are not sure whether to apply for an ACCA exemption, why not have a look through our past exam papers? If you are not confident you could pass the exam right now, you should study for that paper.

ACCA Exemptions: HOW TO CLAIM EXEMPTIONS

Use the ACCA Exemptions Calculator to check which exemptions you are eligible for.

Please note:

  • You must send official proof of any qualifications, such as academic transcripts or award certificates, along with your registration form so that we can assess if you are eligible for exemptions.
  • Online print outs of academic transcripts are not acceptable. Only copies of official documentation, signed and stamped by the awarding body, can be accepted.
  • Any documents not in English must be officially translated before they are sent to us.
  • ACCA can only award exemptions for qualifications from recognised institutions (those recognised by the local Ministry of Education). If your institution is not listed on the exemption enquiry database, please ask your institution to send copies of their documents to ACCA for review.
  • If ACCA has not been given the opportunity to fully assess a qualification by an awarding body, then that qualification may not be accredited. In this case, fewer exemptions may be available. Unfortunately ACCA does not consider applications from students for further exemptions in these circumstances.
  • ACCA implements a system of rigorous checks when assessing applications for exemptions, however, in the event that you are awarded an exemption in error, ACCA reserves the right to remove the award and shall notify you immediately if this exceptional incident does occur.

ACCA Exemptions: EXEMPTIONS FEE

You will need to pay a fee for each paper we award exemption for. View our current fees and charges.

Having the ‘ACCA’ letters after your name links you with a tradition of excellence, drive for innovation and high global ethical standards that is recognisable to employers around the world.

ACCA membership is your key to professional opportunities throughout the world. And because the portability of our professional qualification is one of the main reasons people undertake ACCA studies, you’re likely to meet with fellow members, should you opt for a global career or a fixed-term overseas post to enhance your CV with international experience.

How to become an ACCA student: HOW LONG DOES IT TAKE TO QUALIFY?

This depends on a number of factors, including the number of exemptions you can claim, the number of exams you take every year – and what results you achieve. This table sets out the average length of time – and costs excluding tuition fees – involved in completing the ACCA Qualification.

 Student Type AStudent Type C
ProfileZero exemptions

Four exams per year

50% exam success

Nine exemptions

F1-F9

Six exams per year

50% exam success

DurationSeven years<two years
Cost (June 2016)
Initial Registration £79£79£79
Exemptions

F1-F3 £79 each

F4-F9 £93 each

£03 x 72 (£216)

6 x £93 (£774)

Exams (early entry Sept 16 session)

F1-F3 £72

F4-F9 £93

P1-P7 £110

6 x £72

12 x £93

10 x £110

(£2,658)

10 x £110 (£1,110)
Annual subscription £85

 

7 x £85 (£595)2 x £85 (£170)

 

Total cost

(based on 2016 fees,

assuming early exam entry,

including exam resit fees,

excluding tuition)

£3,332 £2,133

 

How to become an ACCA student

ACCA Exemptions

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