ACCA is the world’s oldest and largest financial accounting body, recognized in 170+ countries where ACCA professionals are qualified and are in demand in finance and accounting careers. ACCA is a highly coveted professional qualification that commerce graduates can comfortably pursue anytime. ACCA papers Exemptions with different levels of qualification overall will ease candidates’ ACCA preparation. Exemption for ACCA has several advantages, such as prior learning and flexible entry points after schooling, graduation, post-graduation, or being a full- time professional.
Paper Exemption for each Degree and further qualifications
ACCA Exemptions for B.Com and M.Com Students
Candidates who have completed their B.Com/M.Com qualifications are eligible for exemptions in the ACCA Knowledge level (F1 to F3) Modules and ACCA Skill level (F4) modules respectively.
The ACCA Knowledge level includes:
- F1 – Business and Technology (BT)
- F2 – Management Accounting (MA)
- F3 – Financial Accounting (FA)
The ACCA Skill level includes:
- F4 – Corporate and Business Law (LW)
ACCA Exemptions for BBA
Candidates with a BBA qualification are eligible for exemption in the ACCA Knowledge level paper, F1 – Business and Technology (BT).
ACCA Exemptions for MBA
MBA-qualified candidates are eligible for exemptions in ACCA Knowledge level papers. These exemptions include:
F1 – Business and Technology (BT)
F2 – Management Accounting (MA)
3 – Financial Accounting (FA).
ACCA Exemptions for CA Foundation Students
CA IPCC-qualified candidates are exempt from papers F1 to F3, F6, and F8.
- F1 – Business and Technology (BT)
- F2 – Management Accounting (MA)
- F3 – Financial Accounting (FA)
- F6 – Taxation (TX)
- F8 – Audit and Assurance (AA)
ACCA Exemptions for B.Com/M.Com + CA IPCC Qualified Students
If the candidate has completed qualifications such as B.Com/M.Com in addition to IPCC, they will be exempt from paper F4 – Corporate and Business Law (LW).
ACCA Exemptions for Qualified CAs
CA Final-qualified and ICWA/ICMAI-qualified individuals will receive exemptions for specific ACCA papers based on their knowledge, skill level, and work experience.
The exempted papers are:
- F1 – Business and Technology (BT)
- F2 – Management Accounting (MA)
- F3 – Financial Accounting (FA)
- F4 – Corporate and Business Law (LW)
- F5 – Performance Management (PM)
- F6 – Taxation (TX)
- F7 – Financial Reporting (FR)
- F8 – Audit and Assurance (AA)
- F9 – Financial Management (FM)
The candidates who are preparing for ACCA should know what exemptions are already available to them. All the exemptions are available from Applied Knowledge and Applied Skills examinations and not allowed from the Professional Modules. The existing candidates who have already registered for ACCA can apply for fresh exemptions in ACCA depending on the additional qualifications they have pursued at present. With exemptions being a major advantage, candidates in the accounting and finance profession can obtain degrees and ACCA qualifications in the fastest and shortest manner leading to a fast-growing career.
What is the Difference between an ACCA member and an ACCA affiliate?
ACCA member
ACCA member is the one who has completed all 13 papers and completed all PER practical experience requirements.
ACCA members are fully qualified ACCA professionals with expertise in accountancy and finance professionals
ACCA professionals are entitled to use the designatory title “ACCA” after their name signifying their working professional status as Chartered Certified Accountants.
ACCA members can also vote in the election where they elect leadership positions within ACCA.
ACCA Affiliate
ACCA Affiliate is a candidate who has attended some papers of ACCA but has yet to clear all 13 papers of ACCA Qualification and practical experience requirement.
What is the total number of papers in ACCA?
There are 13 exams in ACCA that have been divided into 3 groups which are
Applied Knowledge Level – 3 Exams
Applied Skills Level – 6 Exams
Professional Level – 4 Exams
Completing all these papers will make a candidate an ACCA affiliate.
Exemption for ACCA Aspirant at different levels of Educational Qualification
If you are a Commerce Graduate Appeared/ Appearing * Enrolled Institution/ University is accredited by ACCA for paper exemption with up to 4 Paper exemptions (BT,MA,FA,LW) and remaining 9 papers to qualify.
If you are an MCom/MBA Student Appeared/ Appearing * Enrolled Institution/ University is accredited by ACCA for paper exemption with up to 4 Paper exemptions (BT,MA,FA,LW) and the remaining 9 papers to qualify.
If you are B-Com + CA-IPCC, you will have up to 6 paper exemptions (BT, MA, FA, LW, TX, AA) and 7 papers to qualify.
If you are CA-IPCC only then there is up to 5 paper exemptions (BT, MA, FA, TX, AA) and 8 papers to qualify
If you are CA Final Cleared then ACCA aspirants can avail up to 9 paper exemptions and 4 remaining papers to qualify.
If you are looking for global opportunities in finance and accounting career, ACCA is the best choice as you can start towards a fulfilling life-long career with ACCA. Know well about the level of exemption for ACCA with your present and future qualifications, so that whenever you would like to prepare for ACCA you will get an idea about how many papers you are already exempted.