What is ACCA?
ACCA means Association of Chartered Certified Accountants. ACCA is an international association of professionals with expertise in finance and accounting. It is based in the UK and is the largest confederation of account professionals with over 228000 qualified members. It also has about half a million students enrolled in 180+ countries.
Why ACCA Course?
- ACCA is globally recognised in 180+ countries, which means you can get placed anywhere in the world!
- The initial 4 ACCA exams are computer-based and they are available on demand whenever you want.
- It has a pass rate of over 50% which is higher than many other finance-related exams.
- ACCA salary packages in India start from an average salary of up to ₹12 LPA.
- You can get strong placements after ACCA in top US-based MNCs in India and even the Big 4s i.e, EY, KPMG, PwC and Deloitte.
Who can give the ACCA exams?
The ACCA Course is open to everyone, no matter if you are a student or a professional. Whether you’re planning to elevate your career after Class 10, 12 or graduation, there’s a defined entry path for everyone.
- If you are in class 10th, you can give the ACCA exam via the Foundation in Accountancy route FIA route. It is an entry-level program. This route is best for those who don’t have an accounting background but have a strong interest in finance and numbers.
- If you are in class 12th, you can also start your ACCA journey in global finance through the ACCA course. You must have scored 65% or above in English and Maths/Accounts. Along with that, a minimum of 50% in other subjects from a recognised school board like CBSE, ISC or state boards.
- If you are doing your Bcom, BBA or BMS, you can just directly register. If you are from a non-commerce background like a BA or BSc, you can still pursue ACCA. You can also benefit from the exemptions that ACCA provides. It can help you skip some papers based on the academic record that you hold.
- If you are pursuing CA or CMA India or if you are a qualified CA, you can definitely apply and can also get a lot of exemptions.
What exactly are the ACCA exemptions?
ACCA exemptions are a way that you can skip some papers from a total of 13 papers. If you have studied similar kinds of subjects in any of your previous qualifications, you are eligible to skip some papers. It helps to avoid giving the same foundational subjects and saves some time. So, instead of going through the entire syllabus, you can only give those papers that you haven’t studied before.
Depending on any existing qualifications that you hold, exemptions can be allowed for the Applied Knowledge and sometimes for the Applied Skill level exam. There are no exemptions for the Strategic Professional Level. Students who have enrolled for ACCA can claim the fresh exemptions by showing relevant proof.
Who can claim the exemptions?
There are 13 papers in total that an individual has to give. There are various exemptions for different levels of qualifications.
- If you are in class 12th, you will get exemptions for no paper. You will have to give all 13 papers.
- If you are a BCom graduate, you can get exemptions for 5 papers, which will mean you will only have to give 8 papers. ACCA after BCom duration can be approximately
- If you have done BBA, you can get exemptions for up to 3 papers, which means you will only have to give 10 papers.
- If you have completed your foundation CA course without graduation, you cannot be exempted from any of the papers and have to appear for all of them. However, if you have completed your graduation, you can get 3 to 5 paper exemptions.
- If an individual has completed their Inter CA course they have an exemption of up to 5 papers, however if they have completed their Inter CA course alongside B.Com, they can be exempted from up to 6 papers.
- If an individual is a qualified CA then they can be exempted from 9 papers to get their ACCA qualification. This means that they will only have to give 4 papers!
How to claim the ACCA exemptions?
There are two ways you can apply for the ACCA course exemptions:
- Direct: You can directly apply for the ACCA exemptions yourself through the official ACCA website. You will just have to submit the evidence of your prior qualifications or professional experience. You will not be able to get the fee waiver that might be available otherwise.
- Approved Learning Partner: You can also apply for the exemptions through the approved learning partners of ACCA. Many students get the support through the reduction of fees. You can get this fee waiver depending on which institution you are applying through. VG Learning Destination and 88Learn are the top ACCA coaching institute in India in 2025. They are two such institutions that are gold-approved learning partners of ACCA.
Benefits of the ACCA course
ACCA has a lot of benefits and advantages for those who consider going for it. Here are some of the benefits of becoming an ACCA member:
- It is internationally recognised so it can get you a job in countries like the UK, USA, Canada, Dubai, Singapore etc.
- The ACCA course covers accounting, taxation, auditing and business law that are aligned with the real world finance roles.
- You can start earning a starting salary package of 6 LPA and an average package of 10 to 12 LPA.
- ACCA member have a high reputation and they are respected globally due to their global recognition
- ACCAs are in high demand because of their vast syllabus coverage and knowledge of the Big 4s and US-based MNCs in India.
How to become an ACCA member?
- Eligibility: See if you are eligible for the ACCA exam. Verify the requirements and your exemptions as they may vary depending on the country.
- Registration: You can sign up for ACCA after confirming your eligibility for the test. To register, a one-time fee is to be paid.
- Examination: Next, you will have to pass all the 13 exams or the remaining exams after exemptions. Pass the Applied Knowledge level then the Applied Skill Level and then the Strategic Professional level.
- PER: After passing the exams, you will have to complete the Practical Experience Requirement in order to become a member. It will include supervised work of 3 years in the accounting or finance field.
- Membership: After the above requirements, you can then apply for membership. You will have to pay the membership fee and provide all the relevant documentation of eligibility. Once your documents are verified, you can become a member of this prestigious body.
Conclusion
ACCA is a great course for those who are interested in accounting and finance. If you are that someone who wants to work abroad in the finance or accounts field, ACCA is the perfect choice for you! You can also apply for the exemptions which will let you skip some of the papers, complete the requirements and earn up to 15+ LPA!
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