ACCA exemptions allow candidates to skip certain exams in the ACCA qualification process based on their prior qualifications or professional experience. In simple terms, if you have already completed relevant studies or earned certifications like a degree in finance, business, or economics, or qualifications such as CA or CMA, you may not need to take some of the ACCA exams. This opportunity saves both time and money, allowing you to fast-track your journey to ACCA certification. Let’s dive into the available exemptions, eligibility criteria, and how they can benefit your career.
ACCA Exemption Table
ACCA grants exemptions for various qualifications. Here’s a list of common qualifications that grant exemptions:
Qualification | Exemptions |
BCom and MCom Graduates | Business and Technology, Management Accounting, Financial Accounting, Corporate and Business Law |
MBA Graduates | Business and Technology, Management Accounting, Financial Accounting, Corporate and Business Law |
CA Inter | Business and Technology, Management Accounting, Financial Accounting, Taxation, Audit and Assurance |
Final CA | Business and Technology, Management Accounting, Financial Accounting, Corporate and Business Law, Performance Management, Taxation, Financial Reporting, Audit and Assurance, Financial Management |
BBA Degree | Business and Technology |
CMA Certification | Business and Technology, Management Accounting, Financial Accounting, Corporate and Business Law, Performance Management, Audit and Assurance, Financial Management |
MBS Degree in Finance | Business and Technology, Management Accounting, Financial Accounting, Corporate and Business Law |
For professionals holding these qualifications, the path to ACCA jobs in Bangalore presents ample opportunities to advance your career in the finance domain.
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How to Apply for ACCA Exemptions
You can apply for exemptions in two ways: during the registration process on the ACCA website or by emailing your documents directly to ACCA.
Steps to Claim Exemptions:
- Determine Your Eligibility: Use the ACCA Exemption Calculator to determine which exemptions you qualify for based on your qualifications.
- Collect Your Documents: Gather your certificates and official academic transcripts.
- Submit the Application Onlinee: Log in to your ACCA account and submit your documents in the “Exemptions” section.
- Pay Fees: You’ll pay GBP 84 for Applied Knowledge papers and GBP 111 for Applied Skills papers as exemption fees.
- Wait for Confirmation: ACCA will update your exemptions in your account after review.
- Claim Additional Exemptions: You can apply for further exemptions as you earn new qualifications.
Additionally, for those looking to make their ACCA studies more affordable, the ACCA Scholarship is a great way to reduce costs and make your academic journey smoother.
When to Claim ACCA Exemptions
Exemptions can be claimed at three key stages:
- At Registration: Candidates with prior qualifications such as a BCom or MBA can claim exemptions right when they register.
- After Earning New Qualifications: Once additional qualifications are completed, update your ACCA profile and apply for further exemptions.
- During Enrolment: If eligible, exemptions can be applied for as soon as you enrol in the ACCA program.
ACCA Exemption Exclusions
Not all candidates qualify for exemptions:
- Candidates without relevant qualifications or work experience.
- Applicants for Strategic Professional Level exams are ineligible for exemptions.
Why Claim the Exemptions?
ACCA provides exemptions to:
- Accelerate Your Qualification: Recognize prior learning and shorten your qualification timeline.
- Provide a Customized Learning Path: Focus on areas that need improvement, skipping the basics.
- Enhance Your Competitive Edge: Stand out by highlighting your previous qualifications.
- Boost Employability: Exemptions help you stay competitive in the job market.
ACCA Exemptions: Why they are offered?
ACCA offers exemptions to:
- Accelerate your qualification: Recognize prior learning and shorten your qualification path.
- Provide a customized learning path: Focus on areas that need improvement, not the basics.
- Enhance your competitive edge: Acknowledge your previous qualifications and stand out.
- Boost employability: Exemptions help candidates remain competitive in the job market.
Benefits of ACCA Exemptions
- Time-saving: Skip exams you’ve already mastered.
- Cost-effective: Reduce fees by focusing only on necessary exams.
- Career Boost: Stand out with recognized qualifications.
- Faster Qualification: Complete ACCA in less time.
Have questions? Feel free to Contact Us
GlobalFTI helps you navigate the ACCA qualification process with personalized support. With expert instructors and flexible learning options, we help you fast-track your certification and achieve your career goals. ACCA exemptions save time and streamline your certification journey, helping you advance more quickly in your career. Understanding the ACCA course duration can also help you plan ahead and achieve your professional goals sooner.
If you’re looking for a great way to begin your studies, BCom with ACCA colleges in Bangalore offer an ideal combination of academic learning and professional preparation. With the right educational foundation, you can build a successful career in accounting and finance.
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Frequently Asked Questions (FAQs)
The waivers offered for ACCA are ideal for candidates who have recently earned certain qualifications such as Graduation, Inter-CA, and CA.
A maximum of nine exemptions can be granted. The Applied Knowledge and Applied Skills exams of the ACCA Qualification are eligible for exemptions.
Existing students already enrolled in an ACCA course may apply for a renewal exemption if they have earned additional qualifications in other courses and are currently eligible for an ACCA course exemption.
Most reviews take 10 days, but they may take longer if additional review is needed.
The ACCA global website states that candidates who have completed AAT Level 4 are eligible to get exemptions from papers under Applied Knowledge and Applied Skills at no additional cost.
Processing generally takes a few weeks. Ensure that all required documents are submitted to avoid delays.
No, exemption fees are non-refundable, even if your application is rejected.