If you have been a student of finance, you must have a profound knowledge about the Association of Chartered Certified Accountants. It is a globally recognised accounting body that is renowned for offering students the chance of getting themselves ACCA qualified. Accountants and finance professionals who want to achieve greater heights in their career must prepare themselves for the ACCA program. It would help them in enhancing their career while diversifying their knowledge and portfolio of skills. However, before choosing to join this course, you need to understand acca course fees in India. This would help you get an idea about the registration fees involved with ACCA certification.
ACCA registration fees: A complete overview
When it comes to the full form of ACCA registration fees, there is a one-time charge that every student should pay to enter this course.
This ACCA registration fee currently stands at Rs. 3,161. However, this could change depending on the pound exchange rate when trading globally.
Nevertheless, if you miss this registration window or you didn’t manage to pay the one-time registration fees on time. You could be charged an additional sum, which comes in as a penalty and payment for re-registration.
- ACCA subscription fees
Secondly, the full form of ACCA also has an annual subscription fee model in place that students need to subscribe to in order to continue their membership. If you fail to pay this annual registration on time, ACCA has guidelines in place to remove you from their portal or list of eligible candidates.
This means you might lose the recognition to use ACCA or FCCA initials next to your name from then on. Nonetheless, this annual subscription fee could cost you around Rs. 14,121.
- Knowledge level exam fees
The ACCA qualification exam fees are divided into three parts consisting of knowledge, skill, and professional. Moreover, each of those exams has their separate fees that must be paid in full thereby allowing you to appear for those exams.
Even the knowledge level exam is further divided into three papers where you need to pass in all of them. For knowledge level exams you need to pay around Rs. 8,852.
- Skill level exam fees
Once you have cleared the knowledge level exam fees, you will have to appear for the skill level exam fees. There are six papers at this level where your accounting skills would be tested thoroughly. It would help if you appeared for each of those papers without any exemption. Similar to knowledge level exam fees, you have to pay Rs. 11,697 for appearing in skill-level exams.
- Professional-level exam fees
The last level of ACCA exams is the professional level which consists of four papers where two are mandatory while you can get exemption in the other two. However, the total cost for appearing in the ACCA professional level exam would be Rs. 19,072.
Factors that might affect your ACCA registration fees
Multiple factors could affect your full form of ACCA registration fees that you might not be aware of. Some of those have been discussed in the points below so that you can get an effective understanding.
- Based on the country of registration
One of the first factors that could affect your ACCA registration fees would be the country from which you can apply for registration. Remember, different countries have different fee structures in place that could change depending on their market financial conditions or other factors.
Therefore, before getting yourself registered from a different country ensure to check the official website of ACCA. This is the place where you can find up-to-date information regarding the registration fees.
- Exam discounts
The eligible candidates who have chosen to register themselves in advance by paying the course fees in full. For them, the ACCA body has provided some discounts that could help them manage their expenses accordingly.
- Late fee payment penalties
ACCA body shows no remorse to candidates who fail to register themselves on time by charging extra fees or imposing penalties. With these penalties, it becomes tough for students to register themselves after the initial period. Therefore, you must take care of dates properly in order to avoid missing the registration fees next time.
Conclusion
From reading this article, you might have understood the costs related to completing the ACCA course. Professionals and students alike can register themselves for this course by meeting certain eligibility criteria. By going through the ACCA fee structure designed for different exams, you can arrange the money before registering yourself for the exams.
Moreover, it would help if you kept yourself updated to save against missing any important dates related to ACCA registration. Zell education could be the place for you to get detailed insight into ACCA exams. At the same time, helping you get registration for ACCA exams on the given date itself.
