Official ACCA Exam Fees in Nigeria: Everything You Need to know
Suffice it to say at this point, knowing the official ACCA exam fees in Nigeria is only reasonable since many accounting professionals are now interested in sitting for international accounting examinations to improve their portfolios.
You can surmise that asides from taking these global leading international accounting examinations, successful completion of these exams surely give you better positioning in the already congested marketplace. What better way to kickstart your academic journey than to know what the ACCA exam fees in Nigeria are like?
So, in this article, we would walk you through what ACCA is all about, more like an insightful summary of what the body is, and then go even as far as outlining the individual costs of the courses that make up what is generally known as official ACCA exam fees.
What is ACCA?
Before we lunge at the ACCA exam fees, shouldn’t we know what ACCA is? ACCA is the acronym for Association of Chartered Certified Accountants. ACCA is the body that began operations in 1904 and has spread its tentacles to over 173 countries of the world. The Association of Chartered Certified Accountants is the body responsible for the awarding of Chartered Certified Accountant certification.
The ACCA not only has its footprints in the field of accounting but also, areas such as finance, bookkeeping, and even business management are all within the certifications given by ACCA to students who enroll in any of these courses.
On a general scale, for you to be deemed to have completed the program and worthy of the accompanying certification, you must have written the requisite fourteen examinations.
These exams are held regularly every December each year. You should bear in mind also that the overall mode of the examinations is paper-based although the first three courses you would be tested on could be taken in the form of a computer-based test.
What is the cost of ACCA Exam fees In Nigeria?
So, we are here. In this paragraph, we would be looking at how much really are ACCA exam fees worth. However, before payment of these ACCA exam fees, you would be required that you pay the registration fee which is now about £79. This registration fee is what is required before you can actually sit for the main exams.
Also, it is important you know that payment of this registration fee means you wouldn’t need to pay another registration fee when you want to write subsequent levels.
There is also what is called subscription fees. It is paid yearly. This is different from the ACCA exam fees and the ACCA registration fees. Every year, students are required to pay the sum of £105 to renew their studentship status.
If this isn’t done within the stipulated time, the student risks suspension of his/her studentship status. To be reinstated into the ACCA’s record, students would be faced with the payment of a penalty in addition to the registration fee. In fact, once the student misses the deadline for the payment of the yearly subscription fees, his/her record is removed from the ACCA studentship database.
Individual costs of ACCA Exam Fees
These ACCA exam fees have three modes of registration namely early bird, standard and late.
ACCA EXAM – LW
Early bird registration costs £114.
The standard registration fee is £120,
And the late registration fee is £307.
ACCA EXAM – PM
Early bird registration costs £114.
The standard registration fee is £120.
£307 for late registration
ACCA EXAM – TX
Early bird registration costs £114.
The standard registration fee is £120.
£307 for late registration
ACCA EXAM – FR
Early bird registration costs £114.
Registration is £120 for the standard version.
£307 for late registration
ACCA EXAM – AA
Early bird registration costs £114.
The standard registration fee is £120.
£307 for late registration
ACCA EXAM – FM
Early bird registration costs £114.
Registration is £120 for the standard version.
£307 for late registration
ACCA EXAM – SBL
Early bird registration costs £188.
£199 for standard registration
£321 for late registration
ACCA EXAM – SBR
Early bird registration costs £147.
Registration is £155 for the standard version.
£350 for late registration
ACCA EXAM – AFM
Early bird registration costs £147.
The standard registration fee is £155.
£350 for late registration
ACCA EXAM – APM
Early bird registration costs £147.
£155 for standard registration
£350 for late registration
ACCA EXAM – ATX
Early bird registration costs £147.
£155 for standard registration
£350 for late registration
ACCA EXAM – AAA
Early bird registration costs £147.
Registration is £155 for the standard version.
£350 for late registration
Exemption Charges Under ACCA
There are also what are called exemption fees or charges. ACCA as an accounting body requires that its students pick up an exemption form for each of the examinations conducted by the body. The exemption charges for the examinations are:
Exams in Applied Knowledge – £76
Exams in Applied Skills – £103
Fees for ACCA members and Others
To become a bonafide member of ACCA, the candidate is required to pay £246. This is different from the registration fee or the yearly subscription fee. Generally, to remain a member of ACCA, the yearly subscription fee of £246 must be paid.
After spending about three years as an official member of ACCA, you can become an affiliate with the affiliate subscription fee of £123. In contrast to an ACCA member, an ACCA affiliate has to renew his affiliate status each year which a subscription charge of £55. However, this payment is made only under certain conditions.
Finally, in the event that a member of ACCA is disciplined because of failure to pay yearly membership fees, the person would only be reinstated as a member of ACCA on the occasion that the person pays a £55 reinstatement fee.
See also: Top Biggest Accounting and Auditing Firms in Nigeria
Conclusion
The truth that forcefully presses right at us is the overbearing costs that come with these ACCA exam fees or membership fees or even affiliate fees, not forgetting the fees that arise from defaulting on yearly subscription fees, except that, the ACCA global test is one that anyone who intends to have international certification in accounting should go all out for.
