ACCA Course fees

The Association of Chartered Certified Accountants (ACCA) is a globally recognized professional accountancy qualification.

## Understanding the Costs of Pursuing an ACCA Qualification

The Association of Chartered Certified Accountants (ACCA) is a globally recognized professional accountancy qualification. The ACCA course fees typically cover tuition, study materials, and examination costs. Fees can vary based on the learning provider, study mode, and country. Generally, students can expect to pay an initial registration fee followed by fees for each exam they take. Some providers offer package deals that may include additional support or resources. It’s advisable for prospective students to research and compare fees from different providers to find the best option that fits their budget and learning needs. Additionally, scholarships, discounts, and installment payment plans may be available to help manage the costs.

The Association of Chartered Certified Accountants (ACCA) qualification is a prestigious credential for accounting professionals globally. It opens doors to various career opportunities, offering a comprehensive understanding of financial management, taxation, and auditing. However, one of the crucial aspects to consider before enrolling is the cost associated with the ACCA course. This blog will break down the various fees involved, helping you plan your investment in this valuable qualification.

### Initial Registration and Annual Subscription Fees

The first cost you’ll encounter is the initial registration fee. As of 2024, the ACCA charges a registration fee of £89. This is a one-time payment to become a student member. Additionally, there is an annual subscription fee, which is currently set at £122. This fee ensures your student status remains active, allowing you to access ACCA resources and sit for exams.

### Exam Fees

Exam fees constitute a significant part of the ACCA course costs. There are different types of exams in the ACCA qualification, each with varying fees:

1. **Applied Knowledge Exams**: These are the introductory level exams, and the fee for each exam is £114.
2. **Applied Skills Exams**: This level includes six exams, and the fee for each is £123.
3. **Strategic Professional Exams**: At the final level, these exams are divided into Essentials and Options. Each exam at this level costs £161.

It’s important to note that these fees are for standard entry. If you register late for an exam session, late entry fees apply, which are generally higher.

### Exemption Fees

If you have relevant prior qualifications, you might be eligible for exemptions from certain ACCA exams. However, claiming these exemptions is not free. The exemption fees are the same as the exam fees for each level. For example, if you are exempted from an Applied Skills exam, you will still need to pay the £123 exemption fee.

### Tuition and Study Materials

While the ACCA does not mandate enrolling in a tuition course, many students find it beneficial. Tuition fees can vary widely depending on the institution and the mode of study (online or in-person). On average, you might expect to pay between £1,000 and £3,000 per year for tuition.

In addition to tuition, you will need study materials, including textbooks and revision kits. These materials can cost around £200 to £500 per year, depending on whether you purchase them new or second-hand and if you opt for additional resources like online question banks.

### Additional Costs

Several additional costs can arise during your ACCA journey. These include:

– **Professional Ethics Module**: A mandatory part of the ACCA qualification, this module costs £72.
– **Exam Preparation and Revision Courses**: Optional but often beneficial, these courses can range from £200 to £500 per subject.
– **Travel and Accommodation**: If you need to travel to a test center for your exams, consider these costs as well.

### Summary of ACCA Costs

To provide a clearer picture, here’s a summary of the estimated costs:

– **Initial Registration Fee**: £89
– **Annual Subscription Fee**: £122 (per year)
– **Exam Fees**: £114 to £161 per exam
– **Exemption Fees**: £114 to £161 per exemption
– **Tuition**: £1,000 to £3,000 (per year)
– **Study Materials**: £200 to £500 (per year)
– **Professional Ethics Module**: £72