#ACCA EXEMPTIONS

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ACCA India

The Association of Chartered Certified Accountants (ACCA), a preeminent international professional accounting organization, has an Indian section called ACCA India. The ACCA qualification, a widely accepted credential in accounting, finance, and business, is provided by ACCA India. For students and members throughout India, it offers a variety of professional development activities, tools, and networking platforms. ACCA India, which has an increasing number of members and students, is committed to improving professionals' knowledge and abilities so they can pursue fulfilling careers in a variety of fields. In the Indian accounting and finance sector, the organization also promotes the growth of strong ethical standards, financial transparency, and sound governance procedures.

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ACCA Course Fees

The cost of an ACCA course varies according to the number of exams taken, location, and study level. Exam costs and registration fees are the two primary categories of fees. Exam fees are paid for each paper attempted, whereas the registration fee is a one-time payment needed to enroll as a student with ACCA. Study materials, tuition (if enrolled in formal courses), and annual membership subscription fees are extra expenses. The costs for each test differ based on the module and whether the test is administered in person or online. Many providers provide discounts or packages for repeated examinations, while ACCA offers a variety of payment alternatives.

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ACCA Course

For those who want to work in accounting, finance, or business management, the ACCA course provides a thorough and internationally recognized credential. A wide range of topics are covered in the curriculum, such as audit, taxation, financial reporting, and management accounting, giving students the fundamental knowledge and abilities they need. Professionals at different phases of their employment can benefit from the course's flexibility as it is designed to accommodate a range of skill levels, from entry-level to advanced. Gaining entry to high-paying, executive positions in the financial industry and improving employability are two benefits of completing the ACCA course.

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What Are The ACCA Exemptions And How To Them?

Knowing that there are 13 tests to take before starting this thrilling and life-changing ACCA qualification journey can be a little daunting. Every action you take moves you one step closer to becoming a well-known accountant throughout the world and creates a wealth of new opportunities. With the correct tools and perseverance, you can overcome this obstacle and rise to a new level in the accounting and finance industry. Candidates' ACCA qualification progresses much more quickly thanks to ACCA's ability to waive some exams based on prior qualifications. 

ACCA Exemptions: Why Do They Exist?

Based on their prior coursework and experience, ACCA grants candidates exemptions to skip specific exams. Your ACCA journey would be quicker and easier as a result. Only individuals with prior coursework in related fields, such as those with a CA, MBA, or B. Com., among other accredited certifications, are eligible for such exemptions.

A candidate may receive up to nine exemptions at the foundational and applied levels, though these differ depending on the qualification. This makes processing simple and lowers the number of tests required to earn the ACCA professional designation.

ACCA exemptions are the recognition of knowledge and qualifications that a candidate may already possess. The provision of exemptions means that candidates will not have to study over material they already successfully covered elsewhere, making it possible to qualify faster. Such a structure makes it time-effective and assures a flexible approach to reaching ACCA qualification for individuals who hold corresponding academic or professional backgrounds. Exemptions acknowledge the diverse educational paths of the ACCA candidates in a manner that sets strong standards for qualification.

ACCA Exemptions: How Do You Claim Them?

The process for applying for the ACCA exemptions is given below:

Eligibility Check: Go to the official website of ACCA and use the ACCA Exemptions Calculator to check your exemptions based on your previous qualifications or work experience.

Registration to ACCA: While registering online, state your qualifications or work experience and select the exemptions that you are applying for.

Submission of Documents: Upload certified copies of academic certificates and transcripts for the exemptions availed by you after checking the ACCA exemptions calculator to enable ACCA to review them.

Pay for the exemption fees: The exemption fee is usually the same as what you pay for the exam that you are asking for an exemption. Confirmation of Approval: Once your application has been reviewed and considered by ACCA, you are informed through your web portal account of the exemptions that have been granted. You can go ahead and start preparing for your other remaining exams.

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What Are The ACCA Exemptions And How To Them?

Knowing that there are 13 tests to take before starting this thrilling and life-changing ACCA qualification journey can be a little daunting. Every action you take moves you one step closer to becoming a well-known accountant throughout the world and creates a wealth of new opportunities. With the correct tools and perseverance, you can overcome this obstacle and rise to a new level in the accounting and finance industry. Candidates' ACCA qualification progresses much more quickly thanks to ACCA's ability to waive some exams based on prior qualifications. 

ACCA Exemptions: Why Do They Exist?

Based on their prior coursework and experience, ACCA grants candidates exemptions to skip specific exams. Your ACCA journey would be quicker and easier as a result. Only individuals with prior coursework in related fields, such as those with a CA, MBA, or B. Com., among other accredited certifications, are eligible for such exemptions.

A candidate may receive up to nine exemptions at the foundational and applied levels, though these differ depending on the qualification. This makes processing simple and lowers the number of tests required to earn the ACCA professional designation.

ACCA exemptions are the recognition of knowledge and qualifications that a candidate may already possess. The provision of exemptions means that candidates will not have to study over material they already successfully covered elsewhere, making it possible to qualify faster. Such a structure makes it time-effective and assures a flexible approach to reaching ACCA qualification for individuals who hold corresponding academic or professional backgrounds. Exemptions acknowledge the diverse educational paths of the ACCA candidates in a manner that sets strong standards for qualification.

ACCA Exemptions: How Do You Claim Them?

The process for applying for the ACCA exemptions is given below:

Eligibility Check: Go to the official website of ACCA and use the ACCA Exemptions Calculator to check your exemptions based on your previous qualifications or work experience.

Registration to ACCA: While registering online, state your qualifications or work experience and select the exemptions that you are applying for.

Submission of Documents: Upload certified copies of academic certificates and transcripts for the exemptions availed by you after checking the ACCA exemptions calculator to enable ACCA to review them.

Pay for the exemption fees: The exemption fee is usually the same as what you pay for the exam that you are asking for an exemption.

Confirmation of Approval: Once your application has been reviewed and considered by ACCA, you are informed through your web portal account of the exemptions that have been granted. You can go ahead and start preparing for your other remaining exams.

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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 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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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 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 Global

The ACCA qualification in accounting and finance is provided by the globally renowned ACCA Global, the global body for professional accountants. ACCA serves more than 200,000 members and 500,000 students globally, with a presence in more than 180 countries. The group is dedicated to elevating the profession's standing internationally and encouraging high standards in accounting. Through its credentials and ongoing professional development initiatives, ACCA assists people in acquiring the abilities needed to succeed in the fast-paced finance industry. ACCA also promotes financial transparency, sound governance, and moral business conduct. ACCA Global thus has a significant influence on how the accounting industry develops in the future.

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ACCA Exam

A thorough evaluation of a candidate's knowledge of accounting, finance, and company management is the goal of the ACCA exam. The three exam levels are Strategic Professional, Applied Knowledge, and Applied Skills. Covering fundamental topics including taxation, audit, financial management, management accounting, financial accounting, and strategic business leadership, each level builds upon the one before it. Regular exams are given throughout the year, and for some modules, there are possibilities for both computer-based and paper-based exams. Candidates must finish an ethics and professional skills module, pass the necessary tests, and fulfill a practical experience requirement in order to become an ACCA member. Both technical knowledge and professional judgment are intended to be tested by the tests.

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Association of Chartered Certified Accountants

Internationally recognized credentials in accounting, finance, and business management are provided by the Association of Chartered Certified Accountants (ACCA), a global professional organization for accountants. ACCA is dedicated to creating competent professionals and offers demanding education and training that equips people for success across a range of industries. Improved job opportunities, international reputation, and access to a large professional network are all advantages enjoyed by ACCA members. Since its founding in 1904, the ACCA has maintained a high standard of honesty, competence, and professionalism in the accounting sector.

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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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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.