ACCA exemptions for bcom reduce the time and effort spent qualifying by skipping foundational exams. Bcom graduates can have as many as five exemptions with ACCA, but this would depend on the university attended and which subjects were pursued. Such exemptions recognize the prior learning within the commerce degrees and help Bcom graduates focus on more advanced subjects of the ACCA curriculum. Knowing the process, criteria, and benefits of the exemption may enable you to decide and prepare if you hold a BCom degree and want to study ACCA.
ACCA Exemptions for BCom
If you pursued or completed a B.Com from an accredited state or central university, you can get five exemptions in the ACCA program. Therefore, you would only be required to take 8 out of 13 papers under the ACCA program, which makes it faster to complete the ACCA qualification. Even students in the second year of their B. Com are eligible for these exemptions, saving time and effort.
ACCA exemption after B.Com makes the provision for those who strive for a career in accounting and finance. Recognizing your B.Com degree exempts you from specific ACCA exams based on subjects you have already studied. This minimizes the number of courses and, subsequently, the cost, thereby speeding up the advanced-level papers and boosting your career.
Upon completing a B.Com degree, students can earn exemptions for 5 ACCA qualification papers. Our ACCA Exemption Calculator will confirm the exact exemptions earned for your degree. Check your eligibility and start your journey with ACCA faster through the steps they give.
If you are eligible for ACCA exemptions after your Bcom, you can skip the following five papers:
- Business and Technology (BT)
- Management Accounting (MA)
- Financial Accounting (FA)
- Corporate and Business Law (LW)
- Taxation (TX)
Exemptions Criteria
This should meet ACCA’s requirements to gain exemption from specific modules through a BCom degree. Therefore, what happens is that ACCA compares your degree syllabus with its exam syllabus to see if they align.
- Accreditation of your university: As long as your university is credited or accredited in the books of ACCA, you will likely not have many unclaimed exemptions from ACCA.
- Relevant subjects studied: Relevant subjects taken in your BCom course about accounting, taxation, business law, and management will determine the exemption.
- Documentation: The eligibility will be verified by submitting official academic transcripts, degree certificates, and syllabus details.
How to Claim ACCA Exemptions for BCom?
Claiming exemptions for BCom from ACCA is a process that ensures your qualifications are checked correctly by ACCA.
- ACCA registration: Go to the official ACCA website, sign up, and complete the online registration form to submit your personal and educational details.
- Documents: Compulsory documents are required for submission. A scanned copy of the degree certificate is required. Academic Transcripts. If preferred, Detailed syllabus.
- Pay Exemption Fee: Upon granting exemptions to each newspaper, exemption fees will be charged for every exempted paper.
- Confirmation of exemptions: ACCA will assess the application and subsequently confirm the granted exemptions via your email or your ACCA account dashboard.
Paying for Exemptions
Although exemptions reduce the number of papers one has to sit for, one has to pay for each exempted paper.
- Cost Per Paper: ACCA will charge an exemption fee equivalent to the exam fee for each paper exempted. For instance, if the exam fee for a paper is $100 (₹7,500 Approx.), then the exemption fee would also be $100 (₹7,500 Approx.).
- Payment: Payment is made online through the ACCA portal using credit/debit cards or PayPal.
Should I Claim My Exemptions?
Exemptions enable you to omit previously studied topics in your earlier qualifications. This is useful when you have just completed a course, and the knowledge is still fresh in your mind. ACCA scrutinizes exemptions to ensure that your earlier learning matches the skills required for their qualification.
If your qualifications are old or you haven’t worked in accountancy for years, it will be better for you to take the exam because the study would refresh your memory and prepare you for an advanced-level paper. To decide between study and exam resources, use past examination papers or study packs to test your knowledge end.
ACCA Exemption For Bcom FAQs
1. How many exemptions can BCom graduates have when doing ACCA?
BCom graduates can have as many as 5 exemptions with ACCA, but this would depend on the university attended and which subjects were pursued.
2. How do I determine whether I am eligible for ACCA exemptions?
All you need to do is log onto the ACCA website, where you will find the Exemptions Calculator, which requires you to enter your details regarding your degree and university.
3. Do I have to pay to get ACCA exemptions?
Yes, you have to pay an exemption fee for each paper exempted. The exemption fee is the same as the exam fee for that paper.
4. Should I claim my exemptions?
Claim exemptions if you are sure of your knowledge during the previous period and to save time. Avoid claiming exemptions to promote your understanding of the exempted subjects.
5. What documents do I need to claim ACCA exemptions?
You need to provide your degree certificate, academic transcripts, and syllabus details if needed to claim ACCA exemptions.
