ACCA Exemptions Details: Table, Eligibility, Benefits, Etc.!

ACCA course gives in-sight into the field of accounting, finance and auditing. The ACCA exemptions offer an opportunity for the enrolled students to accelerate their academic path of becoming qualified accountants. However, it’s essential for candidates to evaluate their current eligibility and find out the likely impact on their knowledge base and career progression. Exemptions can save precious time of candidates as they maintain a strong knowledge of the ACCA syllabus to proceed in their future exams and professional roles.

Introduction to ACCA

ACCA refers to the Association of Chartered Certified Accountants, which is a globally identified and accepted association offering chartered certified accountants qualifications. To qualify as a member of ACCA a candidate needs to clear in total of 13 papers which are split into 3 levels of the course namely-knowledge, skill and professional.

The knowledge level which is the primary level is a computer based exams which can be attempted throughout the year . The skill and professional level exams are conducted every 3 month conducted in the month of March, June, September and December. ACCA attracts companies like PWC, Deloitte, KPMG, etc. offering average salary of 5-8 lakhs pa.

ACCA Exemptions Details

The ACCA exemptions are the ones provided to the students who have certain prior qualifications. This helps the students to skip certain exams and accelerate their journey in the academic process of ACCA.

The table of the ACCA exemptions have been stated below.

Attained Qualification	No. of Exam Papers	Exam Subject Exempted
12th Grade	13	nil
Commerce Graduate	9	BT, MA, FA, LW (upto 4)
M.Com. Post Graduate	9	BT, MA, FA, LW (upto 4)
CA IPCC (both)	8	BT, MA, AF, TX, AA (upto 5)
Final CA	4	BT-FM(all 9 subjects)

ACCA Exemptions Process

The process of ACCA exemption application is very important to be known by the students to figure out how to go through the process. The process needs to followed step by step for smooth journey.

Research and Check Eligibility: Based on your previous qualifications the candidate can check on the exemptions they can avail.
Register with ACCA: If you’re not yet registered as an ACCA student, you’ll need to do this before you can apply for exemptions. You can register online on the ACCA website. Complete the student registration form, providing all required personal details and information about your education and qualifications.
Prepare Supporting Documents: Gather all relevant documentation, such as academic transcripts, certificates, and detailed syllabi of the courses you’ve completed if these are required. Make sure these documents are certified copies. Non-English documents need official translations.
Submit Your Application: Log in to your MyACCA account. Then go to the ‘My Qualification’ section and select ‘Manage My Exemptions’. Thereafter upload the required supporting documents. Also ensure that all documentation is clear, complete, and legible to avoid delays.
Pay the Exemptions Fee: For availing the exemption in ACCA course, there is a certain fees to be paid which is compulsory to be paid which is to be paid online via your MyACCA account.
Wait for Confirmation: Once your application is submitted, ACCA will review your documents and assess your eligibility for exemptions. This process can take a few weeks, so be patient.
Check the Outcome: Once the process of ACCA exemption has been completed the candidate can check the status from the website itself. If the process is successful, the exemptions availed will be listed under your qualification status.
Seek Further Assistance if Needed: For seeking any assistance related to ACCA exemptions one can mail or connect through the helpline center.

Tips for a Smooth Application Process of ACCA Exemptions

The below mentioned tips if followed will make the process of ACCA exemption smoother.

Double-Check Entry Requirements: Ensure you meet all the criteria before submitting your application.
Certified Documents: Documents must be stamped and signed by an authorized person (like a university official or notary public).
Timely Submission: Apply for exemptions as soon as possible after your registration after going through the eligibility stated, in-order to ensure that you can plan your studies accordingly.
Keep Copies: It is advisable to keep all the submitted copies handy for cross-verification.
Follow Up: If you don’t hear back within the expected timeframe, contact ACCA to check on the status of your application.

Conclusion

By availing ACCA exams one can bypass certain exams and papers, knowledge of which is considered to be already known to them. These exemptions can be availed at different levels such as: Applied Knowledge and Applied Skills levels but not for the Strategic Professional level. Eligible qualifications include degrees in accounting or finance and certain professional certifications. Taking advantage of ACCA exemptions can save you time and money by reducing the number of exams you need to sit, ensuring you don’t repeat what you already know. For the most accurate and current information, always refer to the ACCA’s official resources or contact their support team directly.

Highlights The ACCA exemptions are the ones provided to the students who have certain prior qualifications.The exemption in ACCA are:Commerce graduates-exemption of 4 papersPost graduates-exemption of 4 papersCA IPCC-exemption of 5 papersFinal CA-exemption of 9 papers

ACCA Exemptions Details FAQs

Q1. What are ACCA exemptions?

Ans. ACCA exemptions make the candidate skip a certain set of exams depending on the prior qualifications.

Q2. Where am I likely to get exemptions?

Ans. The exemptions are dependent on the level and the corresponding subjects as well. For eg. in applied knowledge level, one can skip basic subjects like Business and Technology, Management Accounting, and Financial Accounting.

Q3. Who gets exemptions?

Ans. Exemptions can be availed by students who are in professional degrees, list of which can be referred from the details mentioned in the article above, for eg. accountancy graduates for those with accounting or finance degrees often get the most exemptions.

Q4. How do I apply for ACCA exemptions?

Ans. After finding out the eligibility criteria, the students need to log in to the official portal and submit the necessary documents after paying registration fees.

Q5. Why consider exemptions?

Ans. The exemption makes the course duration shorter for those with prior knowledge and accelerates their academic journey.