The ACCA Association of Chartered Certified Accountants) is a leading certification in accounting and finance. Commerce students in India who want to pursue this qualification should know the range of ACCA registration fees and other costs to plan their budget. While ACCA offers excellent career opportunities, understanding the required investment is essential.
What is ACCA?
This qualification links the students to key competencies in accounting, auditing, financial management, taxation, and strategic business analysis. It is categorized into three levels: Applied Knowledge, Applied Skills, and Strategic Professional. These are meant to prepare the student for a global accounting career. Though it may cost in terms of money and time, its recognition around the world and career benefits make it worthwhile.
ACCA Registration Fee is the very first fee to be paid after getting selected for the course. It ranges from ₹8,000 to ₹10,000. As currency rates keep fluctuating, so does this amount. You are required to pay this registration fee during your online application procedure that formally enrolls you as an ACCA student.
Annual Subscription Fee
After registration, students pay an annual subscription fee to continue as ACCA students. This fee ranges between ₹10,000–₹12,000 per year and must be paid every January. Without this fee, students cannot sit for exams or continue the program. To register, students must meet ACCA eligibility criteria, which typically include completing 10+2 with a strong foundation in commerce subjects.
Fees of ACCA for Students
In addition to enrollment and subscription fees, there are several other costs involved in earning the ACCA certification. There are numerous benefits of ACCA certification as well for which you must first enroll into ACCA. Here are the details of fees:
1. Exam Fees: There are costs for each attempt at exams the students take up. ACCA exams are broadly classified into three levels, and every level contains a different charge. On an average,
- Applied Knowledge Level requires an amount of ₹9,000–₹12,000 per paper.
- Applied Skills Level costs an amount of ₹11,000–₹15,000 per paper
- Strategic Professional Level cost an amount of ₹15,000–₹18,000 per paper
- Exam charges are also based on when you enroll in that exam. Generally, early enrollment is cheaper compared to standard or late enrollment.
2. Exemption Fees: Students with such qualifications as a bachelor’s degree in commerce or accounting may be exempted from some exams, though the exemption fees are charged, which ordinarily range between ₹9,000 to ₹14,000 per paper.
3. Study Materials and Tuition Fees: In terms of study material, ACCA provides basic resources. However, many students prefer supplementing with additional ACCA books or classes from recognized learning partners to better prepare. Coaching material and study charges vary from ₹25,000 to ₹1,00,000, depending on the learning partner, online study mode, and location.
4. Re-registration Fee: If you fail to make the subscription fee for every year, your status as an ACCA student will become invalid. But when re-register you have to pay some re-registration charges, which are between ₹8,000–₹10,000.
ACCAs Estimated Complete Cost
Now, here we are providing estimated complete cost details for completing your ACCA from India:
| Expense | Cost Range (Approximate) |
|---|---|
| Registration Fee | ₹8,000–₹10,000 |
| Annual Subscription Fee | ₹10,000–₹12,000 per year |
| Exam Fees (All Papers) | ₹1,50,000–₹2,50,000 |
| Study Materials and Tuition | ₹25,000–₹1,00,000 |
| Exemption Fees (if applicable) | ₹9,000–₹14,000 per paper |
| Total Estimated Cost | ₹2,00,000–₹4,00,000 |
How to Manage ACCA Fees
1. Plan Your Finances: Create a budget that will account for all fees related to registration, exams, and tuition under the ACCA. This can be broken into smaller portions for easier stress relief.
2. Register Early for Exams: Early exam registration saves you lots of money than standard or late registration fees.
3. Scholarship Opportunities: Some learning providers and organizations offer scholarships to ACCA students. Research these options to lower your overall costs.
4. Consider Online Learning: Online coaching is often more affordable than traditional classroom coaching and can help reduce tuition expenses.
5. Monitor Deadlines: Stay on top of payment deadlines for annual subscriptions and exam registrations to avoid late fees.
Why ACCA is Worth the Investment?
Though ACCA program costs a little on the side of the students, its return is good. ACCA holders are well revered and required around the world and offer better employment opportunities and better wages and salaries. Employers have an appreciation for the ACCA qualification due to its practical combination of technical ability with strategic thinking and ethical behavior. Hence, with proper planning and resources, it can prove to be a life-changing program for commerce students.
Conclusion
Commerce students get the best career opportunities via the ACCA program, though the cost factor is very significant to know in advance. A budget for studying the program starts from registration fees to study material. Fees begin at ₹2,00,000 and extend up to ₹4,00,000 for the ACCA qualification, an investment that truly pays off, especially for success in accounting and finance. Make your ACCA journey today by tapping the most global career options!