What are the ACCA Exemptions for a CA, ACMA, FCM and CMA?

by Eduyush Team

ACCA Exemption for a CA, ACMA, FCM and CMA

Our fast-changing, increasingly digital world needs forward-thinking finance professionals: people who can innovate and lead positive change wherever they work, who work to the highest professional and ethical standards, and; who see a bigger and better picture. If this sounds like the professional you want to become, ACCA is for you.

 Your previous qualification from ICAI and ICWAI may mean that you are eligible for exemption from some ACCA exams. 

What are the Exemptions granted to a CA /ACMA/FCM Any Chartered Accountant from ICAI who has qualified post-2003 needs to write only four exams of the Strategic Level and complete the Ethics training

An ACMA / FCMA who has qualified post-2003 and has five years of work experience must also write only four papers of the Strategic Level and complete the Ethics training.

The subject at the strategic level are

Mandatory two papers 

Any two papers from the following options: 

What are the Exemptions granted to a CMA with less than five years of work experience? For CMA passed finalist and ACMA with less than five years of work experience

These students will have to sit for six papers. In addition to the four papers of the strategic level. The students will have to sit in the additional two exams of the skill level

Frequently asked questions (FAQs)How will an ACCA qualification help me?

Through a powerful combination of exams, ethics and experience, you will develop the strategic skillset, technical ability and professional mindset to add immediate value to any organization – and take your career to new heights.

ACCA is recognized in over 100 countries, and doing an ACCA qualification will open doors for you Globally. Various jobs are also listed on the ACCA Careers page where students can apply post the qualification.

How do we apply for exemptions, and are there any scholarships?

 Eduyush is an ACCA Partner, and we can help you with your registration and applications. You can contact the Eduyush Team at ifrs@eduyush.com or Whatsapp, the team at +919643308079.

 The Eduyush team will work with you and get you the exemptions and scholarships and necessary guidance on books and training plans. 

How long will it take to finish my ACCA?

 As most professionals work, it's tricky to balance work and study during your journey. Eduyush recommends a 150-hour study plan per subject, and we recommend doing one or max two exams per quarter. Overall it should take you approx. 12 months to 18 months to obtain your ACCA qualification

How much will it cost to do the ACCA?

 Once you have paid your initial registration and exemption fees, here's our estimate of your fees 

  • Exam fees and ethics module – approx. 750 GBP or INR 75000
  • BPP books and BPP training for all four subjects – approx. between 280 GBP to 320 GBP or INR 28,000 to INR 32,000
  • Annual subscription fees to ACCA – approx. 116 GBP or INR 12,000

How do we schedule our exams with ACCA?

 Once successfully registered with ACCA, you can now schedule your exams via your Myacca login. ACCA Exams are held every quarter in over 500 centres Globally. You can schedule a maximum of 4 exams in a quarter and a cap of 8 exams in a year. The exam booking needs to be done by paying the exam fees, and the deadlines are usually 45 days before exam dates.

How do I prepare for the ACCA exams?

As you are already a professional, we reckon you can clear the exams through self-study with ACCA approved books, i.e. BPP Books or KAPLAN Books or take an online recorded lecture to guide you on how to approach the ACCA exams. You don't need to spend money on a tuition partner to take your exams.

 Eduyush provides training from BPP. BPP is an ACCA approved content partner and has been publishing materials for over 40 years. Read here to understand what the BPP Enhanced Classroom is all about. The BPP training is affordable and is perfect if you can manage self-studies. The overall costs are between INR 7,000 to 8,500 per subject, including the BPP books.

 When should I do the ACCA ethics compliance training

 The Ethics module puts you in the role of an accountant in a range of practical, real-world scenarios. You'll work through 10 units, developing the critical workplace skills, such as problem-solving, communication and negotiation, that employers are looking for and on which you can build a career. The skills you will develop within the module will significantly enhance your chances of success in the other ACCA exams. We, therefore, recommend that all students complete the module before attempting Strategic Professional exams. Upon completing the module, you will receive a certificate of achievement to prove your professionalism to existing and future employers.

I am already pursuing my ACCA DIPIFR. Can I start my primary ACCA qualification as well?

ACCA doesn't permit you to do both DIPIFR (Diploma in IFRS) and the primary qualification simultaneously. You can either start your main ACCA journey once you have qualified or take a transfer from DIPIFR to the main ACCA.

Eduyush is well versed with the process, do reach out to us, and we will guide you on the transfer process if you choose to opt for the primary ACCA qualification.

 Can I do my ACCA if English is not my first language? 

 If English is not your first language, you can get free support from our training partner, BPP. They'll give you specific advice for each exam and help you become more confident in using business English. Learn more at englishforacca.bppuniversity.ac.uk