ACCA Exemption: Fees, for CA, for BCom, for CA Inter, Eligibility

ACCA is a certification provided Association of Chartered Certified Accountants that judge the capability of an accountant based on 13 Papers. Students will various educational qualifications get exempted from some of these papers.

Students also have the option of not giving certain papers when they have enough work experience. Students who have completed their Bachelor's degree in Commerce will be exempted from 3 papers, thus the students will sit for 9 ACCA papers. Students with MCom also get the same benefit.

See Also: ACCA Exam Details

Students who have completed CA IPCC (Both Groups) will have to attempt 8 papers. Students who have become a CA will sit for 4 ACCA papers.

Table of Contents

What are ACCA Exemptions?
ACCA Exemption Table
How to Apply for ACCA exemptions?
Who is Eligible for ACCA Exemptions? How to Claim these Exemptions?
What are the benefits of these exemptions?
When can you not claim an exemption despite being eligible?
What are the ACCA Excempion fees?
ACCA Exceptions: FAQs

What are ACCA Exemptions?

ACCA makes exceptions for Commerce graduates, Post Graduate (M.Com) Inter CA students, and CA qualifiers. A student who has just passed the Class 12 exam does not meet the above criteria but is eligible to register for her ACCA exam through the Foundation in Accountancy (FIA) route.

See Also:

Company Secretary	Chartered Accountant	Certified Financial Analyst

ACCA Exemption Table

Qualifications	Number of exams to give	Exemptions
Completion of Class 12th	13 papers*	NIL
Commerce Graduate	9 papers	BT, MA, FA, LW
MCom Post Graduate	9 papers	BT, MA, FA, LW
CA IPCC (Both Groups)	8 papers**	BT, MA, FA, TX, AA
CA	4 papers**	BT-FM (9 subjects)

*Applicants must have passed five subjects, including English and Math/Accounting, with a minimum score of 65% in at least two subjects and a minimum score of 50% in the remaining subjects.

** A CA finalist is eligible for an additional waiver if they scored 40 or above if they’ve scored 40 and above marks in their examination for relevant subjects.

How to Apply for ACCA exemptions?

There are two ways to request an ACCA exam exception. Candidates will have to submit inquiries for claiming exemptions during their registration on the ACCA website. Alternatively, they can email documents to ACCA.

See Also:

Financial Analysis Courses	Financial Risk Management Courses	Finance Courses

Who is Eligible for ACCA Exemptions? How to Claim these Exemptions?

Students can apply for up to nine waivers from their Knowledge Level Paper or Skill Level Paper based on their previous qualifications. Generally, the exemptions that certain individuals can claim are:

Graduates: Students who have completed their graduation in the field of commerce, may be eligible for exemptions from anywhere between one to four papers, depending on the subjects they studied.
Inter-CA Pursuant: Inter-CA pursuant/candidate who has given their IPCC exams and cleared certain papers is eligible to get 5 exemptions from ACCA, whereas those who have completed B.Com with IPCC may be eligible for 6 exemptions.
Final CA Cleared: Students who have completed their CA qualification or are eligible for exemptions from all the papers, i.e. 9 papers.
Other Qualifications: Students who have completed their US CPA are eligible to get 8 exemptions in ACCA. Those who have completed CMA from India with 5 years of relevant work experience will be eligible for 9 exemptions whereas those who have completed CMA from the USA are eligible for 3 exemptions.

See Also:

Finance Courses After 12th	Finance Modelling Courses

What are the benefits of these exemptions?

ACCA rigorously analyzes a candidate's qualifications before giving an exception to the candidate. If a student qualifies for a particular exemption but has not studied the subject in question for some time, it is recommended that they should take the papers anyway to refresh their knowledge of the subject.

Ideal for candidates who have recently completed certain qualifications such as Graduation, Inter-CA, CA. Candidates can save time studying for these papers, which they can otherwise use to study for the rest of the exams. It also helps in saving money on coaching and helps in getting ACCA qualification a few months early.

When can you not claim an exemption despite being eligible?

If a candidate's work experience is not related to the fields of finance and accounting, or if the qualification was obtained from a university or educational institution not recognized by ACCA, those qualifications are exempt from the exemptions.

What are the ACCA Exemption fees?

Students may be eligible for an ACCA knowledge and skills test waiver but must pay for the waiver they claim. The ACCA charges a fixed fee per paper that claimed exemption from. The exemption fee for Applied Knowledge Level exams is GBP 86 GBP per paper and the exemption fee for Applied Skill exams is 114 GBP per paper.

ACCA Exceptions: FAQs

Ques. Is it beneficial to claim exemptions in ACCA?

Ans. The waivers offered for ACCA are ideal for candidates who have recently earned certain qualifications such as Graduation, Inter-CA, and CA.

Ques. How many exemptions can a candidate get for ACCA?

Ans. A maximum of nine exempltions a candidate can get. Applied Knowledge and Applied Skills exams of the ACCA Qualification can be awarded.

Ques. Can ACCA exemption can be claimed after registration?

Ans. Existing students already enrolled in an ACCA course may apply for a renewal exemption if they have earned additional qualifications in other courses after attending an ACCA course and are currently eligible for an ACCA course exemption.

Ques. Is getting ACCA exemptions is a long process?

Ans. Most reviews are processed within 10 days, but may take longer as they may require another review by certification team.

Ques. How many papers of ACCA are exempted after graduation?

Ans. B.Com graduates get exemptions up to 4 papers.

Ques. Can a CA gets exemption in ACCA?

Ans. On the basis of cleared IPCC level, candidates can get 5 exemptions out of Total 13 papers in ACCA. Additionally, they can claim 4 additional paid exemptions if the candidates are a B.Com(H) graduate and who got 40+ marks in CA Final level papers of SFM, Costing and FM.

Ques. Which papers of ACCA are exempted after BCOM?

Ans. For students have done B.Com / M.Com, they have the exemptions of ACCA knowledge level i.e. F1 to F3 and ACCA Skill level i.e.F4 subject.

Ques. Is it advisable to do ACCA after BCom?

Ans. Yes, ACCA course is largely preferred by many organizations. The important fields after the course are investment banking, management, and consulting, and technical areas.

Ques. Are ACCA exemptions free?

Ans. The ACCA global website states that if the candidates have completed AAT Level 4,then they are eligible to get exemptions from papers under Applied Knowledge and Applied Skills with no additional cost.

Ques. When can you not claim an exemption despite being eligible?

Ans. When andidate's work experience is not related to the fields of finance and accounting, or if the qualification was obtained from a university or educational institution not recognized by ACCA, those qualifications are exempt from the exemptions.