ACCA Exemption
There are several exemptions available for students pursuing the ACCA Qualification. These are called Exemptions in ACCA, meaning you will start your studies and pay your ACCA exam fees at the right level for your knowledge and skill, which allows them to skip certain exams or modules based on their previous qualifications or professional experience. Some of the common exemptions include:
- ACCA Exemptions based on academic qualifications.
- ACCA Exemptions based on professional qualifications.
- ACCA Exemptions based on work experience.
- ACCA Exemptions based on other qualifications
It’s important for students to carefully review the exemption policy and guidelines provided by ACCA to determine their eligibility and apply for exemptions accordingly.
ACCA Exemptions as per Qualification
1) ACCA Exemptions for B.Com and M.Com Qualified Students
For students who have already qualified B.Com / M.Com, they have the exemptions of ACCA knowledge level i.e. F1 to F3 and ACCA Skill level i.e.F4 subject.
- Business and Technology (BT)
- Management Accounting (MA)
- Financial Accounting (FA)
- Corporate and Business Law (LW)
2) ACCA Exemptions for BBA Qualified Students
Students who have already qualified BBA, have the exemptions of ACCA knowledge level subjects.
- Business and Technology (BT)
3) ACCA Exemptions for MBA Qualified Students
Students who have already qualified MBA, have the exemptions of ACCA knowledge level subjects.
- Business and Technology (BT)
- Management Accounting (MA)
- Financial Accounting (FA)
4) ACCA Exemptions for CA Foundation Students
- No exemptions
5) ACCA Exemptions for CA IPCC Qualified Students
For CA IPCC-qualified students
- Business and Technology (F1)
- Management Accounting (MA)
- Financial Accounting (FA)
- Taxation (TX)
- Audit and Assurance (AA)
In case a student has also completed the BCom/Mcom in addition to IPCC – He shall also have an exemption of F4 – Corporate and Business Law (LW)
6) ACCA Exemptions for Qualified CAs
For CA Final Qualified Students all the Knowledge and Skill level Subjects are exempted.
ICWA/ICMAI qualified students will also get all the exemptions as mentioned above subject to specific working experience.
- Business and Technology (BT)
- Management Accounting (MA)
- Financial Accounting (FA)
- Corporate and Business Law (LW)
- Performance Management (PM)
- Taxation (TX)
- Financial Reporting (FR)
- Audit and Assurance (AA)
- Financial Management (FM)
There are also extra exemptions (subject to conditions) for Students who have cleared their CA IPCC and have appeared for CA Final Exams but were not able to clear the group. You can reach out to us at +91 8882677955 or contact@fintram.com for more details.
How to Apply for ACCA Exemptions
Applying for ACCA Exemption may be a Hectic procedure for lots of ACCA college students. The complexity of the regulations, the wide variety of files required, and the fear of missing out on capacity exemptions can be uncontrollable. It’s not uncommon for college students to sense misplaced, specifically when they’re already juggling their studies, work, and different duties. They may additionally wonder if they may be eligible for ACCA Exemption or fear approximately the capability cost savings they might leave out if they don’t observe efficiently.
By following a clear procedure, you may be certain that you’re getting all the exemptions you’re entitled to, saving money and time, and making your ACCA adventure smoother. Here’s how to do it:
- Check Your Eligibility: The first step is determining your eligibility for ACCA Exemption. ACCA grants exemptions based on your preceding qualifications. Visit the ACCA website and use their ACCA Exemption Calculator. Input your instructional qualifications; the calculator will inform you which of the exams you may pass.
- Documents Verification: Once you understand which exemptions you’re eligible for, it’s time to acquire the important documents. Ensure these files are in English or have a professional translation.
- Submit Your Application: Log in to your ACCA account, visit the exemptions segment, and upload the required documents. Make certain the whole thing is correct and whole. Any mistakes should delay the processing of your software.
- Pay the Fees: Exemptions aren’t loose. ACCA expenses a price for each exempted examination, so be organized to pay those prices. However, consider that that is a fee-effective choice compared to deciding to buy and sit for an exam you don’t need to take.
There are different Exemptions basis your level of current qualification and the university you appeared for. We recommend students can check and confirm their eligibility by going through the ACCA exemptions calculator yourself.
FAQ's
What is ACCA?
The Association of Chartered Certified Accountants popularly known as ACCA is a globally recognized course with over 200,000 members and 600,000 students across 180+ countries.
Can I start ACCA After 12?
Yes, To be eligible to register for ACCA qualification, students should have qualified their 10+2 examinations with an aggregate of 65% in Mathematics / Accounts and English, and a minimum of 50% in other subjects.<br />
Other students (not having 65% aggregate as above) are eligible to join ACCA through Foundation in Accountancy Route, which is an entry-level qualification for ACCA.
Does ACCA member have signing Authority ?
As an ACCA, you do not have signing authority in India and hence cannot sign audit reports and practice audits by setting up your own firm in India. However ACCA jobs are very much available in all MNCs and Big 4s where you can join as a qualified professional accountant.
How many Exams are there in ACCA?
There are 13 Exams which student needs to be pass for qualifying ACCA. However you may get some exams exempted basis your current qualification.
What are ACCA Exemptions?
If you already have some qualifications then you may not have to take all of the exams in the ACCA Qualification. These are called ACCA exemptions and mean that you will start your studies at the right level for your knowledge and skill.
What exemptions are there for class 12th students?
NONE. You have to attempt all 13 papers for ACCA.
What exemptions are there for B.Com students?
For students who have already qualified B.Com / M.Com, they have the exemptions of ACCA knowledge level i.e. F1 to F3 and ACCA Skill level i.e.F4 subject.
What exemptions are there for CA students?
An Indian Chartered Accountant can get up to 9 exemptions out of 13 papers of ACCA (from F1 to F9). You can directly start your qualification at the professional level and become an ACCA by only passing the 4 papers.
What is Fee Structure for ACCA?
Registration fee (one-time), Annual subscription fee and per exam fee has to be paid to ACCA.
What are ACCA Exemption Fees?
Exemption fees can go up to £1,000, depending on one’s academic qualification. However You can reach out to FinTram to get the reduced exemption fees under their scholarship program.
Fee Structure for ACCA Diploma in IFRS?
Initial registration £89 and Dip IFR (Global) exam fees £123.Please reach out to FinTram to get the scholarship program for ACCA Dip IFR Course.
What is the fee benefit which FinTram can provide?
FinTram Global being the Approved Learning Partner with ACCA provided various scholarships to students. Benefits include:-</p>
<p>Initial Registration of the ACCA will be waived off to all Fintram Students<br />
Exemption fees can be reduced to 10GBP to 30 GBP per exam basis current qualification of the student.<br />
These waivers/Exemptions may change time to time and are at sole discretion of FinTram Global & ACCA.<br />
In addition to above various benefits are provided with FinTram Classes once registration is completed.</p>
<p>
What all Exams are there in ACCA?
To be Qualified as ACCA one needs to clear 13 Exams divided into 3 levels-<br />
Knowledge level<br />
Business & Technology (BT)<br />
Management Accounting (MA)<br />
Financial Accounting (FA)</p>
<p>Skill Level<br />
Corporate and Business Law (LW)<br />
Performance Management (PM)<br />
Taxation (TX)<br />
Financial Reporting (FR)<br />
Audit and Assurance (AA)<br />
Financial Management (FM)</p>
<p>Professional Level<br />
Strategic Business Leader (SBL)<br />
Strategic Business Reporting (SBR)</p>
<p>Any Two out of the following:<br />
Advanced Financial Management (AFM)<br />
Advanced Performance Management (APM)<br />
Advanced Taxation (ATX)<br />
Advanced Audit and Assurance (AAA)
When are ACCA exams conducted?
ACCA Exams are very flexible. First 4 Exams – BT, MA ,FA ,LW are known as on demand exams. These exams can be attempted at any time of the year. Student can book them anytime and appear for the exam.<br />
All other exams of skill and professional level are conducted by ACCA four times in a year: March, June, September and December. Student can plan for any exam (one by one) and appear basis his preparation.
What is the Passing Rate for ACCA Exams?
Globally the average passing rate for ACCA exams is approx. 40 %.
What is the Exam Format in ACCA ?
First Four Exams (BT, MA, FA & LW)<br />
100% Objective ( MCQs)</p>
<p>For (PM, TX, AA, FR & FM)<br />
60% Objective ( MCQs)<br />
40% Subjective (Case Study based Questions)</p>
<p>For Professional Level<br />
100% Subjective (Case Study based Questions)
What is the scope of ACCA in India and overseas?
The demand for ACCA professionals in India is on the rise. ACCA members are landing jobs in top multinational companies and banks, such as EY, PwC, Deloitte, KPMG, Grant Thornton, and Accenture, among others.
Globally, ACCA offers diverse career opportunities in fields like Corporate Finance, Risk Advisory, Taxation, and Investment Advisory. With ACCA’s global recognition, many professionals have also secured jobs in countries like the UK, Australia, Canada, Singapore, and Dubai.
In India, especially in Delhi, the opportunities are plentiful across various sectors, including finance, accounting, consulting, and more. Popular job roles for ACCA graduates include Financial Analyst, Tax Consultant, Cost Accountant, Financial Advisor, and Investment Banker. With ACCA, you have a world of opportunities at your fingertips!
How much Salary I can get as in ACCA ?
Starting salary for an ACCA affiliate in India can be in the range of 4 Lakhs to 8 Lakhs per annum. Once you become an ACCA member the salary increases to over 10 Lakhs annually and can be more depending upon the experience and skill set of the candidate.
