An internationally renowned professional accounting organization that grants the esteemed ACCA certificate is the Association of Chartered Certified Accountants (ACCA). The ACCA program is a popular choice among aspiring accountants and finance professionals who want to advance their careers and gain critical information and skills. However, before beginning this educational adventure, it is imperative to be aware of the accompanying registration charges.
This blog post will go over the specifics of ACCA course fees, look at the ACCA pricing schedule, talk about what affects registration prices, and provide advice on how to properly manage ACCA enrollment costs.
ACCA Examination Format
An extensive education in accounting, finance, and business management is what the Association of Chartered Certified Accountants (ACCA) credential is meant to offer. In order to offer a comprehensive understanding, the examination is divided into three main stages, with each level concentrating on a different area of accounting and finance.
Utilized Information
The fundamentals of accounting and finance will be the only topics covered in this exam. An overview of corporate structures, finance’s function, and technology’s impact on the business world is provided. It emphasizes management and cost accounting methods to aid in company decision-making. This will also cover the principles of financial accounting, including the preparation and interpretation of financial statements.
Applied Skills
It builds on the knowledge gained in the first level with more complex subjects. This will include management accounting, financial management principles, including investment, financing etc. They will also be assessed on practices of auditing and assurance engagements.
Strategic Professional
It emphasizes advanced professional skills and strategic thinking. As this will include a detailed strategic case study. This also includes tax systems, tax computations, and tax planning strategies.
ACCA Exam Fees 2024
The ACCA fees consist of registration fees, exam fees and in some cases some additional costs as well. You need to comprehend the fee structure well as it is crucial for effective financial planning.An extensive breakdown of the 2024 ACCA exam expenses is provided below:
ACCA Registration Fee and Subscription
The one-time fee for registering as a user and the continuous cost, which is usually paid on a monthly or yearly basis. This provides access to a greater variety of services or functionalities that are offered by the service.Go through the fees below.
- Initial Registration Fee: INR 3,182
- Re Registration Fee: INR 3,182
- Annual Subscription Fee: INR 13, 020 (due each year to maintain your student status)
Exam Fees
The Association of Chartered Certified Accountants (ACCA) is an international organization for professional Accountants. As a result, the exam is divided into many sections, each with thirteen papers. The following tests will therefore determine the ACCA course fees:
Applied Test Fee (Per Exam)
Financial accounting, management accounting, and business and technology are the three topics covered at the ACCA Applied Knowledge level. Depending on where they are, candidates can take these tests remotely or at a local center. Because of this, depending on the exam style selected, the costs for the ACCA Applied Knowledge exams may change.
- Early entry: INR 8, 910
- Standard entry: INR 11,848
- Late entry: INR 24,658
Applied Skills Exams Fee (per exam)
The exam mode, as candidates can opt for either a center-based or remote exam, which affects the fee. The timing of the exam registration, with early registrants paying less compared to those who register later.
- Early entry: INR 11,774
- Standard entry: INR 15,168
- Late entry: INR 38,716
Strategic Professional Exams Fee (per exam)
The ACCA Strategic Professional level is designed to develop advanced knowledge and strategic thinking skills necessary for senior roles in finance and accounting. You must note that each exam at this level explores into specialized areas, ensuring that candidates are well-prepared to handle complexities of the business challenges.
- Early entry: INR 18,678
- Standard entry: INR 26,730
- Late entry: INR 42,959
Additional Costs to Consider for ACCA Exam
If you are wondering about some additional costs to bear in addition to the ACCA course fees, there are several other costs you must consider. The fees for re-examination, study materials and books will also come into play. Go through the details below:
Study Materials
The ACCA Course fees including costs for textbooks, revision kits, and practice papers can vary. It will range from INR 5336 to INR 16,008 per subject.
Tuition Fees
If you choose to attend an ACCA-accredited tuition provider, course fees can range from INR 32,016 to INR 1,60,083 per paper, depending on the provider and the level of study.
Re-exam Fees
If you are appearing for examination or need to retake an exam, you will incur additional fees at the standard or late entry rate. This depends on your choice.
Travel and Accommodation
If your exam center is not local and somewhere far away, you may need to keep expenses for travel and accommodation purposes.
How to Reduce ACCA Costs?
Since, the ACCA course is expensive and it is the major reason why aspirants find the course unaccessible. This elite qualification is for candidates who want a platform to interact with their peers globally, which is not possible in the case of CA. There are several strategies that are used to manage and reduce the overall ACCA Course fees for pursuing the ACCA qualification. Check the simple steps below:
Early Registration
You can apply early on and take the advantage of early entry fees to save on exam costs. Since, this is truly a brand new program focussing on building the professional skills in finance and accounting.
Scholarships and Discounts
You can apply for scholarships offered by ACCA or avail discounts provided by tuition providers. This is how you can simply explore options for saving ACCA Course fees.
Self-Study
You can consider the option of self-study to save on tuition fees and lower down the costs. Though this requires strong self-discipline and motivation, yet you can make the effort.
Employer Sponsorship
You can take help from some finance partners or some employers who may extend financial support for ACCA studies. Check if your employer provides any sponsorship or reimbursement schemes.
Factors Affecting ACCA Course Fees
There are several factors which will affect the ACCA Course fees inclusive of exam mode, level and its frequency. Therefore, it will require planning and financial strategies. The key factors or elements which will influence the course fees are as follows:
Exam Level
ACCA offers exams at different levels, including Applied Knowledge, Applied Skills, and Strategic Professional.The cost of registration for a test varies according to its level; generally, higher levels incur higher fees.
Location of Registration
The location of the candidate will determine the registration expenses. This is brought about by things like regional pricing policies, local administrative expenses, and exchange rates for currencies. It is essential for you to examine the ACCA website as different locations will have varying ACCA course prices.
Discounts for Exam Entry Early
To incentivize students to prepare ahead and register for tests, the ACCA gives early exam admission discounts. By registering early, you can save on examination fees and effectively manage your overall enrollment expenses.
Conclusion
Getting the ACCA qualification in 2024 requires a thorough comprehension of the related ACCA Course fees and additional costs. While pursuing this important certification, you can efficiently manage your expenses by making advance preparations and looking into cost-saving measures. Investing in ACCA not only improves your professional background but also provides access to a multitude of international job options. Navigate the official ACCA website thoroughly or get in touch with a tuition provider that has earned ACCA accreditation for more specific details and custom guidance.
By following this guide, you can make informed decisions and strategically plan your ACCA journey, ensuring that you maximize the benefits of this prestigious qualification.
