ACCA Course: Details, Eligibility, and Fees

ACCA Course: Everything You Need to Know About Details and Fees

The ACCA course is one of the most recognized qualifications in the accounting world. It provides a solid foundation for a successful career in finance, auditing, and management. With global recognition and a comprehensive curriculum, the ACCA qualification is designed to equip students with the skills and knowledge required to excel in the financial industry.

This blog will delve into the essential details of the ACCA course, including its structure, eligibility criteria, associated fees, and more. Whether you're a prospective student or already enrolled, understanding these aspects will help you navigate your journey to becoming an ACCA-qualified professional.

Understanding the ACCA Course

The ACCA course is structured to provide both theoretical knowledge and practical skills in accounting and finance. It is divided into three levels, each focusing on different areas of expertise:

• Knowledge Level: This level is the foundation of the ACCA qualification and includes three subjects: Business and Technology (BT), Management Accounting (MA), and Financial Accounting (FA). These subjects introduce fundamental business and accounting concepts essential for advanced studies.
• Skill Level: Building on the knowledge gained, this level consists of six subjects—Corporate and Business Law (LW), Performance Management (PM), Taxation (TX), Financial Reporting (FR), Audit and Assurance (AA), and Financial Management (FM). These subjects cover more specialized areas of accounting and are crucial for developing practical skills.
• Professional Level: The final level of the ACCA course, where students choose four out of six subjects, including Strategic Business Leader (SBL), Strategic Business Reporting (SBR), Advanced Financial Management (AFM), Advanced Performance Management (APM), Advanced Taxation (ATX), and Advanced Audit and Assurance (AAA). This level focuses on strategic decision-making and advanced technical knowledge.

Key Features of the ACCA Course

• Global Recognition: The ACCA qualification is recognized in over 180 countries, making it an excellent choice for those seeking international career opportunities.
• Flexibility: Students can complete the ACCA course at their own pace, allowing them to balance work, study, and personal commitments.
• Comprehensive Curriculum: The ACCA course covers many topics, from fundamental accounting principles to advanced financial management, ensuring a well-rounded education.
• Ethics and Professionalism: ACCA emphasizes ethics and professionalism, integrating these values into the curriculum to prepare students for real-world challenges.

ACCA Course Details

The ACCA course details extend beyond the subjects and levels. Here’s a closer look at the essential components:

• Course Duration: On average, the ACCA qualification takes three to four years to complete. However, the flexible structure allows students to take longer if needed, depending on their prior education, work experience, and personal circumstances.
• Eligibility Criteria: To enroll in the ACCA course, you must have completed 10+2 or equivalent with a background in commerce or accounting. Even if you come from a non-commerce background, you can still enroll. However, you may need to complete additional subjects to build your foundational knowledge.
• Study Materials: ACCA provides a study hub where students can get an overview of the exams and brush up on basic concepts. Additionally, students can access ACCA books from Approved Learning Partners like BPP and Kaplan, which offer comprehensive study guides, revision kits, and mock exams.
• Exemptions: Depending on your previous qualifications, you may be eligible for exemptions from specific papers, allowing you to complete the course faster. For instance, if you have a relevant degree or have completed another professional qualification, you might skip some Knowledge or skill-level exams.
• Exam Format: All ACCA exams are Computer-Based (CBE). This format allows for a more interactive and dynamic assessment, where students may be required to answer multiple-choice questions, complete spreadsheets, or write reports.

Study Tips for ACCA Success

Success in the ACCA course requires a strategic approach to studying. Here are some tips to help you maximize your chances of passing the exams:

• Create a Study Plan: Develop a study schedule covering all the subjects you must prepare for. Start early and allocate sufficient time to each topic, ensuring you have ample time for revision before the exams.
• Use Official Study Materials: Rely on ACCA-approved study materials and resources. These materials are designed to align with the exam syllabus and provide comprehensive coverage of the topics.
• Practice Past Papers: Regularly practice past exam papers to familiarize yourself with the exam format and the types of questions that are typically asked. This will also help you identify areas where you need further study.
• Join Study Groups: Collaborating with fellow students can enhance your understanding of complex topics. Study groups allow one to discuss challenging concepts, share study resources, and motivate others.
• Attend Revision Courses: Consider enrolling in revision courses offered by Approved Learning Providers. These courses are designed to help you review critical topics and practice under exam conditions.
• Read Eduyush blog: Browse our subject-wise tips on how to pass the ACCA exams.

ACCA Course Fees

Understanding the ACCA course fees is crucial for planning your journey. The total cost can vary based on your location, the number of exemptions you qualify for, and whether you opt for additional tuition support.

• Registration Fees: When enrolling in the ACCA course, a one-time registration fee is required. This fee provides access to the ACCA portal, study materials, and other essential resources.
• Exam Fees: Each ACCA paper has an associated fee, which must be paid every time you sit for an exam. Fees can vary depending on the exam level and the registration timing (early, standard, or late). It’s advisable to register early to save on costs.
• Tuition Fees: If you choose to enroll in preparatory online ACCA courses offered by Approved Learning Providers like BPP or Kaplan, you’ll need to budget for tuition fees. These courses are designed to help you prepare effectively for your exams and often include additional resources like mock exams and revision classes.
• Subscription Fees: ACCA requires an annual subscription fee to maintain your student status. This fee is payable every year until you complete the qualification.
• Study Material Costs: While ACCA provides some study materials, additional resources such as textbooks, revision kits, and online courses might incur extra costs. Investing in quality study materials can significantly impact your exam performance.

ACCA course fees in India?

The total cost of doing the ACCA course can vary depending on the country you study and your starting level.  We break down the cost basis the educational background to give you a realistic estimate.

Break up of Cost is given as table for the following

• If you start after 12th
• If you start after B.com
• If you start after CA IPCC
• if you start after CA

Generally speaking, the cost will include 

• Initial registration and exemption fees
• Tuition and registration fees
• Study materials
• Exams and assessment fees

The costs will vary if you get exemptions from certain subjects. Exemptions help save time and effort in taking exams. If you are eligible for exemptions, you may need to pay exemption fees in place of exam fees. An approved partner can help save you costs on the exemption fees.

The tables below give you an estimate of costs from your starting point for India.

Estimated Course fees after 12th:  INR 335,000 

Estimated course fees after B.com​ : INR 283,000

Estimated course fees after IPCC : INR 228,000

Estimated course fees after CA : INR 149,000

* the exam and assessment fees and tuition fees has been assumed that you will pass the exams in one attempt. 

Steps to get started with ACCA course

To get started with ACCA, you can follow these steps:

1. Determine your eligibility for ACCA exams: Before you can begin studying, you must ensure that you meet the eligibility requirements.  Check our ACCA exemptions calculator to know more.
2. Register with the ACCA: To register with the ACCA, complete the online application form. 
3. Start studying:  ACCA provides a range of study materials, including syllabuses, study guides, exam papers, and online resources. You will need to buy the ACCA approved books. Consider joining a study group or hiring a tutor to help you prepare for the exams. Eduyush offers ACCA-approved books and BPP training to help you pass the exams. 
4. Register for the exams: When you are ready to take them, you will need to register on the ACCA's website. 
5. Take the exams: You can take the ACCA exams at over 500 locations in more than 180 countries. You must arrive at the exam centre at the designated time and bring the required identification documents. 
6. Receive your results: The ACCA will release your exam results online within six weeks of the exam date. If you pass the exam, you will receive a certificate of achievement. If you do not pass, you will receive feedback on your performance and guidance on preparing for the next exam.
7. Complete the practical experience requirement: In addition to passing the ACCA exams, you will also a minimum of three years of practical experience to earn the ACCA qualification. 
8. Receive your qualification: Once you have passed the ACCA exams and completed the practical experience requirement, you will be awarded the ACCA qualification. You will receive a certificate of achievement and will be able to use the designatory letters "ACCA" after your name.

What are the benefits of Taking the ACCA course?

Why Pursue the ACCA Course?

The ACCA course offers many benefits, making it a highly sought-after qualification in accounting and finance. Here’s a closer look at the advantages:

1. Global Recognition: The ACCA qualification is recognized and respected worldwide, opening doors to career opportunities in over 180 countries.
2. Comprehensive Curriculum: The ACCA course provides an in-depth understanding of accounting, finance, and management. It covers essential areas such as financial reporting, taxation, audit, and business strategy, equipping you with the skills needed to excel in your career.
3. Flexibility in Study: One significant benefit of the ACCA course is its flexibility. You can study independently from full-time, part-time, or online learning options. 
4. Diverse Career Opportunities: Completing the ACCA course opens up a wide range of career opportunities. Whether you want to work in public accounting, corporate finance, management accounting, or even start a business, the ACCA qualification provides the foundation to achieve your career goals.
5. High Earning Potential: ACCA-qualified professionals are in high demand globally, which translates to competitive salaries. The specialized knowledge and skills gained through the ACCA course often lead to higher-paying roles in accounting and finance.
6. Practical Experience Requirement: The ACCA course provides theoretical knowledge and requires practical experience. This combination ensures that you are well-prepared for the demands of the workplace, giving you a competitive edge in the job market.
7. Ethical Standards: ACCA strongly emphasizes ethics and professionalism. By completing the ACCA course, you will be trained to adhere to high ethical standards, which is crucial in building trust and credibility in your career.
8. Exemptions for Prior Qualifications: If you already hold a degree or relevant qualification, you may be eligible for exemptions from specific ACCA exams. This can shorten the time required to complete the course, allowing you to achieve your qualification faster.

Career opportunities after ACCA course

Earning the ACCA qualification can lead to many high-paying career opportunities in accounting and finance. Some potential high-paying roles for ACCA professionals include:

1. Chief financial officer (CFO): High-performing individuals can become CFOs, responsible for managing a company's financial operations. CFOs typically have a high level of financial expertise and are involved in strategic decision-making at the highest levels of an organization. CFOs are often among the highest-paid executives in a company.
2. Financial controller: You may work as a financial controller, overseeing a company's financial reporting and control systems. Financial controllers typically have a broad range of financial skills and are responsible for preparing financial statements, managing budgets, and developing financial strategies.
3. Management consultant: You may also work as a management consultant, providing advice and guidance on financial and strategic matters to businesses and organizations. Management consultants often work on a project basis, and their fees can be high depending on the size and complexity of the project.
4. Investment banker: You may also work as an investment banker, providing financial advice and services to businesses and governments. Investment bankers may be involved in mergers and acquisitions, capital raising, and financial restructuring. Investment banking is typically a high-paying career, with salaries reaching six figures.
5. Partner in a public accounting firm: Individuals who work in public accounting firms may have the opportunity to become partners in the firm. Partners are responsible for managing the firm's clients and operations, and they typically have a high level of financial expertise and business acumen. 

It's important to note that the specific career opportunities and earning potential for ACCA-qualified individuals will depend on various factors, including the individual's level of experience, the industry they work in, and their job location.

ACCA vs. Other Accounting Qualifications

While the ACCA course is a leading qualification in accounting, it’s essential to compare it with other options to ensure it aligns with your career goals:

• ACCA vs. CPA: The Certified Public Accountant (CPA) qualification is another highly regarded credential, particularly in the United States. While ACCA is globally recognized, CPA is more regionally focused. ACCA offers a broader range of international career opportunities. In contrast, CPA is essential for those looking to work in the U.S. public accounting sector.
• ACCA vs. CIMA: The Chartered Institute of Management Accountants (CIMA) focuses on management accounting and business strategy. ACCA, on the other hand, covers a broader range of accounting and finance topics. Suppose your career goals include strategic management roles. In that case, CIMA might be a better fit, but ACCA provides more versatility in the job market.
• ACCA vs. ACA: The Institute of Chartered Accountants in England and Wales (ICAEW) offers the Associate Chartered Accountant (ACA) qualification. ACA is highly regarded in the UK and focuses on audit and assurance. ACCA offers more flexibility and global recognition, making it suitable for those seeking international careers.

Summary

The ACCA course is a comprehensive and globally recognized qualification that offers a clear pathway to a successful career in accounting and finance. By understanding the course details, planning for the associated fees, and following effective study strategies, you can confidently navigate your ACCA journey. Whether you're just starting or nearing the completion of your qualification, staying informed and prepared is critical to achieving your professional goals.

Eduyush offers a range of ACCA courses and support services to help you prepare for the exams. Speak to one of our counsellors today to find out more about how we can help you enrol on an ACCA course and start your journey towards becoming a qualified accountant.