ACCA Exam Fees and Costs: Budgeting for Your Qualification

Ready to chart out a successful career in the world of accounting? The prestigious ACCA qualification is your first step on this success ladder. The qualification is issued by the Association of Chartered Certified Accountants (ACCA) and is recognized globally.

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Before you get ready to earn the qualification, it helps to know the ACCA exam fees to be able to budget your course better. This blog highlights the total ACCA exam costs as well as the expenses to be incurred on the course up to receiving the qualification.

What Is ACCA?

Let us first begin by briefly explaining the meaning of ACCA. As stated earlier, the popular acronym is a globally recognized qualification in the domain of accounting. It empowers students to build useful skills in audit, finance, accounting, and taxation. These skills can then be utilized to create a successful career path for ACCA graduates.

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Why ACCA Course Cost Matters

ACCA is an international qualification with tremendous value and potential career prospects for successful students. Moreover, it requires immense dedication, hard work, and commitment on the part of the students. This is why it is important to know first the approximate ACCA paper fees, specifically for each of the papers, to determine the kind of financial commitment that you’re required to enter. This would help you stay focused and on track for your exam preparations.

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ACCA’s ROI Makes Course Cost Worth It

Before you decide whether or not to invest in obtaining the ACCA qualification, it helps to know the Return on Investment (RoI) for your money spent. Note that an ACCA-qualified member is entitled to earn an average of 20-30% higher salaries than those who have not attained the qualification. This means that not only can the graduates earn the money spent on the ACCA exam fees back but also gain much higher earnings, thanks to the esteemed qualification.

Additionally, the benefits of pursuing ACCA are much higher than just money. The qualification has the potential to unlock job opportunities in varied markets and boost the credibility of the graduates in the job market, making them eligible for top roles in accounting and other industries and sectors.

To cite the approximate earning potential of ACCA members, here is a brief idea that would help you understand the RoI on your ACCA exam investment:

• ACCA professionals just entering the job market as freshers may start between Rs 300,000 and Rs 600,000 per annum.
• Professionals at their mid-level career journey are likely to earn between Rs 600,000 and Rs 12,00,000 per annum.
• Senior professionals with considerable years of experience can expect in the range of Rs 12,00,000 to Rs 30,00,000 or higher per annum.

Note that these are average estimates only and are likely to vary from one professional to another based on the location, industry, specific role, and other factors.

ACCA Cost In India

As detailed above, the RoI on your ACCA investment is likely to be considerably higher, meaning that you can expect promising rewards in your career as a prestigious ACCA member. Let us now look at the exact cost of pursuing the qualification.

ACCA exam fees in Indian rupees are further sub-divided into multiple categories, such as the ones outlined below:

1. ACCA registration fee: Every student applying for ACCA exams is required to pay a one-time registration fee on the ACCA Global platform. This fee is estimated at Rs 8,361 (approx).
2. ACCA tuition fee: This covers the cost involved in the purchase of study materials and/or tuition taken either via online classes or offline coaching. This cost is likely to vary and fall in the range of Rs 50,000 to Rs 200,000 based on the level of support expected.
3. ACCA exam fees: This charge may vary depending on the level of exam applied for by the candidate. Students appearing for the Knowledge level exam are required to pay Rs 10,500 (approx), those appearing for the Skill level pay Rs 13,500 (approx), and Professional level exam applicants are required to pay in the range of Rs 15,000 to Rs 20,000 (approx).
4. ACCA subscription fee: In addition to the one-time registration payment, students are expected to pay an annual ACCA subscription worth Rs 12,200 (approx).
5. ACCA exemption fee: Some students are exempted from fee payment for certain exams based on their earlier qualifications. This can considerably lower the cost of ACCA exams for these students. For instance, students of B.Com are offered an exemption or reduced cost on the overall ACCA exam fee.

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Total Approximate Cost Estimate For ACCA

We studied the various individual costs involved in pursuing the ACCA qualification, one of the most sought-after in the accounting industry. To help you get a broader overview of the expenses involved, here is an overall approximate estimate of the ACCA cost.

It can be safely assumed that the total cost of obtaining the ACCA qualification in India is estimated to be in the likely range of Rs 1,14,000 and Rs 3,20,000. This is an average estimate only meant for illustration purposes and the exact cost is highly likely to vary depending on several factors.

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That said, we also observed in the earlier sections of this blog that the RoI on ACCA investment is higher than the expenses likely to be incurred, which makes this investment worth it. By increasing your chances of securing a high-paying job in the market manifold, the ACCA qualification might just earn your invested money back within the first year of entering the job market!

Summing Up

Invest in your success by paying the exam fee for ACCA and prepare yourself for a lifetime of reward with the potential career prospects that the qualification holds to unlock. For complete information on the ACCA exam dates and fees, log on to Amity University Online’s portal and also receive complete assistance and support on preparing for the ACCA exam through an affordable online ACCA course on the Amity Online website.