#ACCA Exemption fees

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ACCA Registration Fees: Comprehensive Guide to Costs and Exemptions

This blog provides a detailed overview of ACCA exemption fees, exemption options, and related expenses, ensuring you're well-prepared for your financial commitment and can navigate your path efficiently.

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ACCA Registration Fees: Comprehensive Guide to Costs and Exemptions

ACCA Exemption fees vary based on the number of exemptions claimed. For instance, the cost for each exemption may range from a nominal fee to a higher amount, depending on the complexity of the subjects exempted. It’s crucial to consult the ACCA fee structure to understand the costs involved.

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Professional certification in business management, finance, and accounting is available through the ACCA course. Important topics covered include taxation, auditing, financial accounting, and strategic management. With its multi-level framework and flexible, thorough training, the course equips students for success in the workplace and worldwide accounting careers.

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Association of Chartered Certified Accountants

One international professional accounting association that grants the Chartered Certified Accountant credential is the Association of Chartered Certified Accountants (ACCA). ACCA was founded in 1904 with the goal of giving people a thorough education in business management, finance, and accounting. ACCA, which has offices in more than 180 nations, provides its members and students with training, development opportunities, and a strong network. The globally recognized ACCA credential offers a route to executive positions in financial management, accounting, auditing, and taxation.

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ACCA Eligibility

For candidates to be eligible for ACCA, they must fulfill certain academic requirements. Candidates usually need to have three GCSEs (or equivalent) and at least two A-Levels in five different areas, including English and math. Candidates who possess a professional certificate or degree that is relevant to the job may also be eligible for exemptions from some exams. ACCA also provides avenues through the ACCA Diploma in Accounting and Business for those without formal academic credentials. Applicants must be at least eighteen years old and fulfill the necessary educational requirements in order to register.

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ACCA Course Duration

Depending on the student's selected study speed and previous academic background, the ACCA qualification's duration varies. It usually takes three to four years to earn the full ACCA qualification. Applicants who possess pertinent credentials, like a degree in finance or accounting, can be qualified for exemptions from some tests, which could reduce the time. The ACCA provides a flexible study schedule that lets students advance at their own speed. Exams are given four times a year. Depending on personal circumstances and study preferences, the period may be prolonged, even though many candidates finish the qualification in three years. The adaptability of ACCA enables successful juggling of obligations to study, employment, and life.

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Earn Up to £80,000 as an ACCA Member – Boost Your Salary Potential!

Become an ACCA member and unlock the possibility to earn up to £80,000! You can advance your career and get international recognition in the finance industry with the ACCA qualification. Increase your pay and gain access to elite opportunities with global corporations. To ensure that you succeed in your ACCA journey, Zell Education provides specialized courses and professional advice. Are you prepared to advance in your career? With Zell Education, get started right now!

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ACCA Course Details

In just two years, earn your ACCA certification to open up international job opportunities! To advance your career, join the ranks of the best finance professionals in more than 180 countries. Gaining global recognition for your expertise through ACCA certification will open doors to prestigious firms like Deloitte, PwC, and EY. Get the freedom to work while you study, and combine your ACCA journey with professional advice from Zell Education. With Zell's all-encompassing assistance, get started right now and accelerate your success!

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Online ACCA course in India | Connect now for details on eligibility, subjects, exemptions, faculties. Get 100% placement assistance

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Top 5 Rewarding Career Options after Completing ACCA

Want to make a flourishing career in Global finance & accounting industry and need a path to get there? Go ahead and read on. 

Employers all over the world consider ACCA affiliates and members as perfect F&A professionals with the skills & ethics required to support a sustainable business. They are considered employable because of their innovative and sustainable decision-making capability backed with ethics and professionalism. 

ACCA qualification embeds all the key skills (apart from the concepts of Finance & Accounting) expected by Employers from an F&A professional, such as 

Effective communication skills

Financial modelling

Stakeholder management

Commercial awareness and business acumen

Business partnering

Attention to detail.

Strong analytical skills. 

What is ACCA?  

ACCA stands for the Association of Chartered Certified Accountants, and they grant Chartered Certified Accountant degree. It is a UK based professional accountancy body. ACCA qualification is internationally recognized.  

ACCA is an International Qualification 

The ACCA Qualification is recognized all over the world. It is also known as “Global CA” and opens the world of unlimited opportunities in the fields of Finance & Accounting (F&A).    

It has offices in more than 180 countries. ACCA has built relationships with multinational organizations, overseas accounting bodies, educational institutes, governments, and organizations such as the World Bank and the United Nations. This ensures that an ACCA member has opportunities in any part of the world. 

Top 5 Career Options you can Choose after ACCA 

ACCA concentrates on international accounting and auditing standards that help its members develop the knowledge and skills needed to evaluate the business and provide effective solutions to the management. Following are some of the roles an ACCA Affiliate can take up after completing the ACCA Qualification: 

Financial Planner & Analyst 

Accountant – Financial & Management  

Financial Controller / Corporate Treasurer 

Auditor

Tax Specialist 

Financial Planner & Analyst 

A financial analyst makes business recommendations for an organization based on analyses of market trends, the financial status of a company (or companies) and the predicted outcomes. They give insights to increase the profits and decrease the financial risk.  

Financial Accountant & Management Accountant 

A financial accountant evaluates financial information with the help of financial statements and balance sheets. Their reporting is aimed to answer questions from external stakeholders like investors, shareholders, bankers, creditors, regulators, etc.  

Management accountants identify, measure, evaluate and report about the financial information of an entity. They help management make essential business decisions through critical analysis of data.  

Financial Controller  

It is a popular career path for an ACCA.  They oversee all of the day-to-day operations in the finance department. Their role is to manage the company’s transactions, such as accounts payable, receivable, payroll, control accounts and general operational finance, they also prepare compliance audits, assess financial data and assist in the budget-making process. 

Corporate Treasurer 

The corporate treasurer is responsible for securing the capital funds to fulfil the entity’s financial obligations. They formulate financial policies and strategies to organize funds, maintain liquidity, invest in best opportunities, and manage financial risk.  

Auditor 

An Auditor checks and certifies the accuracy of financial and operational data and reports. Auditors ensure that the financial statements are consistent with the regulatory framework. 

Tax specialist 

Tax expert advises on national and international tax law issues and implications. They ensure the entities meet their tax obligations without superseding the statutory compliances. 

Salaries & Employers 

ACCA-qualified students earn more than graduates by 50% to 70%. The ACCA salary ranges from INR 6 to 10 lakhs per annum after completing the ACCA qualification, depending on the profile of the job, the candidate’s experience; size, and the location of the company.  

ACCA affiliates and members are hired by MNCs and Big4s like PwC, Deloitte, KPMG, EY, Grant Thornton. 

ACCA Qualification Eligibility 

ACCA is a student friendly body. ACCA Qualification has student entry requirements which are very flexible. It allows the students to enter the path as early as after 10+2, during and after graduation and as late as during work. The ACCA eligibility requirement –  

Before Graduation: marks in 10+2 as given below: 

65% in Math’s or Accounts; and  

65% in English; and  

50% in rest of subjects

During Graduation: ACCA has entered into tie-ups with certain universities, to enroll students at such universities pursuing graduation into ACCA qualification based on their accredited programs. 

After Graduation: Students of B.Com can enroll for ACCA qualification based on their graduation certificate or professional course completion certificate (e.g.: CA; CMA) 

ACCA Course – Syllabus 

ACCA syllabus is spread over 13 papers across 3 ACCA levels. ACCA papers are as given below Level 1 – Applied Knowledge (3 papers) Level 2 – Applied Skills (6 papers) Level 3 – Professional (First 2 Essential & 2 Electives) Business & Technology (BT) Corporate & Business Law (LW) Strategic Business Leader (SBL) Management Accounting (MA) Performance Management (PM) Strategic Business Reporting (SBR) Financial Accounting (FA) Taxation (TX) Advanced Financial Management (AFM)  Financial Reporting (FR) Advanced Performance Management (APM)  Audit & Assurance (AA) Advanced Taxation (ATX)  Financial Management (FM) Advanced Auditing & Assurance (AAA) 

Detailed syllabus for each of the papers can be found here.  

ACCA Exams 

ACCA exams are all Computer Based Exams (CBEs), this is one of reasons why ACCA qualified are employable as they are equipped to provide solutions through technology.  

The ACCA Exam structure allows a good balance between ACCA preparation and study / work. Exam pattern includes both  

On-demand (any time of the year) and  

Session based (scheduled exams held every quarter – March, June, September and December).  

One can attempt 0 (skip an attempt if not up to it) to maximum 4 papers in each session. One can study on one’s own or take coaching. Though ACCA recommends taking classes from learning partners as they provide continuous guidance, quality tuition and placement assistance and it is not compulsory, the choice is completely on students. 

ACCA Exemptions 

ACCA believes that a student should not be tested for any subject/topic twice if the skill and knowledge attained are the same. Thus, it permits exemptions for equivalent papers at the first two levels. Minimum 3 upto to a maximum of 9 papers can be exempt for a candidate based on the existing qualification (use the exemption calculator know your eligibility.  

Knowledge level is fully exempt for B.Com undergraduates and CAs (inter and final passed).  

Skill level is fully exempt for CA finalist and CMA (India) finalist with 5 years’ experience, who have completed those respective papers.  

This understanding of ACCA with other institutions around the world helps students get the best out of it. It saves a lot of time in obtaining a professional qualification.  

ACCA makes a student equipped with Professional Skills and Job Ready 

Comprehensive Syllabus 

ACCA syllabus includes subjects like taxation, auditing, law, business studies, professional and ethical issues, financial management, financial reporting, and management accounting. It is based on international accounting and auditing standards. Therefore, an ACCA member is equipped with skills to work across the world.  

Analytical skills 

ACCA exams involve scenario based or case study-based questions which require analytical skills. This equips its members with skills for evaluating financial requirements, formulating business solutions and proactive forward thinking, making an ACCA member a niche professional. 

Partnerships with Employers 

The ACCA has partnered with employers all over the world. ACCA has its own Approved Employers, who are formally recognized partners of ACCA. They provide a working environment that is designed to support ACCA members and/or trainees. There are over 8,500 approved employers approved by the ACCA that offer opportunities to the members and students. The ACCA ensures along with approved employers to give better career prospects to members. 

ACCA & CA 

Both CA and ACCA are highly qualified Accounting & Finance courses designed for professionals who aim for a career in Accounting, Taxation, Auditing, and Finance. CA degree in India is given by The Institute of Chartered Accountants of India (ICAI) and ACCA certification is given by Association of Certified Chartered Accountant (ACCA). 

They have similar subjects and a common syllabus to a large extent (spread across Levels I & II of ACCA but the exam patterns are completely different. CA tests mostly conceptual understanding but ACCA emphasizes analytical skills and scenario-based practical application. CA insists on articleship on before completing the final exam, but ACCA keeps exams and practical experience requirement (PER) mutually exclusive. 

Compulsory ACCA Subjects for CA Finalist: 

Strategic Business Leader (SBL) 

Strategic Business Reporting (SBR) 

Elective ACCA Subjects for CA Finalist 

Advanced Financial Management (AFM) 

Advanced Performance Management (APM) 

Advanced Taxation (ATX) 

Advanced Auditing & Assurance (AAA) 

Passing 4 ACCA exams – 2 compulsory subjects, and 2 from elective subjects in ACCA, CA Finalist can acquire ACCA certification from the organization. 

What Next After ACCA? 

Work in Industry as ACCA – Your chosen profession is in demand; you could join any industry as long as the company has a place for accounting/taxation/auditing. You can take up roles of management accountant, finance manager, treasury, auditor, CFO, etc. ACCA-qualified can work in India and outside India. Many ACCA professionals from India work in countries like the UK, Australia, Singapore, Germany, etc. There is demand for ACCAs in 180 countries where ACCA is recognized. Foreign companies with establishments in India have a huge demand for ACCA professionals. They hire professionals who are qualified for international work and know about international accounting. 

Join an Accounting Firm – you can be part of the team which provides solutions for clients in all sorts of industries. This gives a broader perspective to your learnings in ACCA. They specialize in services like audit, tax, management consulting, mergers and acquisitions, forensic accounting, etc. It’s a high-growth and rewarding career. 

Continue Studying – ACCA is a great foundation for many advanced specialisms within professional services like MBA, CFA, etc. Which course is better for you depends on your future goals. If you want to venture into business administration then an MBA would be good, but if you want to excel in investment management then you should pick CFA. If you want to just upskill, you can as well do ACCA Diploma in IFRS (DipIFR), which enables your proficiency in accounting. 

Start your own Consultancy – Since ACCA equips you with an overall knowledge of finance and accounting, you can comfortably run your own business enterprise of consulting as freelance accountant or advisor to small and medium sized entities. 

To Do or Not To Do 

The ACCA Qualification is a very cost-effective way to become a finance professional. The fee payments are spread across the levels. The technical knowledge in accounting and finance and professional skills learned on the course together increases the career prospects of the members. A member is employable immediately after the completion of level 3 exams at very attractive pay. The costs can be recovered in less than 6 months. 

If you want to become a professional at the youngest age possible with international job opportunities and attractive pay packages this is the course for you.  

Article Source: Top 5 Rewarding Career Options after Completing ACCA

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ACCA vs CMA: Which is Better for Your Career in Financial Management?

When it comes to pursuing a career in financial management, two globally recognized qualifications stand out — ACCA (Association of Chartered Certified Accountants) and CMA (Certified Management Accountant). Both offer significant benefits, but choosing the right qualification can be challenging, especially when considering factors like ACCA pass rates, ACCA exemption fees, and the specific demands of each qualification. In this blog, we will explore the differences between these two qualifications and help you decide which one is the best fit for your career goals.

What is ACCA?

The ACCA qualification is one of the most well-respected accounting designations in the world. It is a comprehensive program designed for those looking to pursue a career in financial accounting, auditing, taxation, and management. ACCA has a global presence, with members working in various sectors across the world.

What is CMA?

The CMA qualification, offered by the Institute of Management Accountants (IMA), is focused on management accounting and financial management. The CMA is ideal for professionals who want to specialize in areas like financial planning, analysis, control, and decision support. CMA certification is particularly popular in the U.S. and offers a deep dive into the operational side of finance and management.

ACCA vs CMA: Which is Better?

The decision between ACCA vs CMA largely depends on your career aspirations and the area of finance you wish to specialize in. Here’s a comparison to help you decide which path is right for you:

Curriculum Focus

ACCA focuses on financial accounting, reporting, taxation, and auditing, making it an ideal choice for those looking to pursue a career in public accounting or finance at the global level.

CMA is more focused on management accounting, cost management, internal control, and strategic financial management, making it better suited for those who want to work in corporate finance, management roles, or internal consulting.

Global Recognition

ACCA is more recognized globally, with a broad network of employers across various sectors worldwide.

CMA is more recognized in the U.S., particularly in management roles, but is gaining international recognition.

Career Path

ACCA offers career paths in public accounting, auditing, taxation, and financial reporting, while CMA opens doors in managerial finance roles, financial analysis, and strategic management.

ACCA Pass Rates: What You Need to Know

One of the key considerations when choosing a qualification is the ACCA pass rates. ACCA exams are known for their rigorous standards, and the pass rates can vary depending on the level of the exam. For example, the pass rates for ACCA’s Applied Knowledge exams are generally higher than for the more advanced Strategic Professional exams. Keeping an eye on the pass rates will give you an understanding of the difficulty level and the likelihood of success.

For 2024, the ACCA pass rates for various levels are available on the ACCA website. Students should be aware that consistent study and preparation are essential to improving their chances of success.

ACCA Exemption Fees: What to Expect

If you have a prior qualification in accounting or finance, you may be eligible for ACCA exemptions. However, it’s important to note that ACCA exemption fees apply when requesting exemptions for certain exams. These fees can vary depending on the number of exams you wish to be exempt from. It’s a good idea to check the ACCA website for the most up-to-date information on ACCA exemption fees and how they may impact your overall cost of pursuing the qualification.

ACCA or CMA: Which is Better?

Deciding between ACCA or CMA, or CMA or ACCA which is better, ultimately depends on the type of finance career you envision. If you are more interested in global accounting roles, audits, and taxation, ACCA might be a better choice for you. However, if you are aiming for a career in corporate finance, management, or internal consulting, the CMA may suit you better.

Conclusion

Both ACCA and CMA offer incredible opportunities in the world of finance and management. Whether you choose ACCA vs CMA which is better, it’s important to consider factors such as your long-term career goals, areas of interest, and the type of work you enjoy. By researching ACCA pass rates, understanding ACCA exemption fees, and assessing the global recognition of each qualification, you can make an informed decision that aligns with your ambitions.

Whichever path you choose, both ACCA and CMA will help you unlock a world of financial management opportunities and set you on the path to success in the financial industry.

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Take your finance career to the next level with ACCA - Expert Guidance & Top Placements

Are you interested in excelling in the world of finance? As a certified accountant, you will have the opportunity to take your career to the next level and Zell Education will help you on your way. With a top-quality faculty, personalized coaching, and an impressive track record of student placements, Zell Education is the right partner for you to achieve success in the ACCA exams. Take the first step toward a rewarding finance career by becoming a member of our team and taking your career to the next level!

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Comprehensive instruction in accounting, finance, taxation, auditing, and business management is offered by the ACCA course. It consists of a set of tests that are separated into three categories: strategic professional, applied knowledge, and applied skills. The goal of the course is to give students the abilities and credentials required for jobs in international accounting and finance.

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What Is ACCA?

An esteemed accounting and finance degree is provided by the Association of Chartered Certified Accountants (ACCA), a worldwide professional accounting organization. It is well known throughout the world for turning out highly qualified experts with knowledge of corporate planning, taxation, auditing, and financial reporting. The three levels of the ACCA qualification are intended to give candidates the theoretical understanding and real-world experience they need to succeed in a variety of management, finance, and accounting-related fields.