ACCA Simpson Scholarship: The Complete Overview 

With a global presence in more than 180 countries, the Association of Chartered Certified Accountants (ACCA) is one of the most regarded qualifiation in the financial and accounting industries.

ACCA offers the Simpson Scholarship, which covers the student’s expenses, to help lessen some of these financial difficulties. In addition, there are examination fees for membership and annual subscription, as well as unlimited notes from ACCA-approved content providers.

You will learn the exact steps involved in applying for the ACCA Simpson Scholarship in 2024–2025 in this blog. Whether you are a recent ACCA member or are currently pursuing your test progression, this guide will equip you with all the necessary information to improve your chances of winning this esteemed award.

About the ACCA Simpson Scholarship 

Among the most distinguished awards offered to ACCA students is the Simpson Scholarship. It was created to assist students with exceptional academic achievement and dedication to their ACCA studies.

The scholarship pays for study materials from ACCA’s approved content providers as well as all ACCA exam costs, annual subscription fees, and membership entry fees. With the help of this scholarship, students will be able to finish their ACCA qualification without worrying about money.

The top 5 students who score exceptionally well on their annual ACCA exams are recognized for their dedication and excellence by the ACCA Scholarship Fund. Selection is made only based on merit, honoring those with exceptional accomplishments.

ACCA Simpson Scholarship Eligibility Criteria 

To qualify for the ACCA Simpson Scholarship, candidates need to fulfill the subsequent requirements

• ACCA Enrollment: You have to be enrolled as a student with ACCA.
• Payment of Fees: All of your fees for the next year need to be paid in full, with no balance due.
• Academic Achievement: You should have passed the Applied Knowledge and Corporate & Business Law (LW) exams on the first try, averaging 80% or above. 

You must have received at least two Applied Skills exam scores of at least 66% on your first try in order to be spared from taking the Applied Knowledge exams.

Eligibility for Applying for The ACCA Scholarship 2024

• You must be enrolled as a student with ACCA.
• There shouldn’t be any unpaid fees of any type for you.
• You have to have paid your fees for the upcoming year.
• In the ACCA Qualifications Applied Knowledge exam, you should have received an average score of at least 80% on your first try. 

OR

• If you are excluded from taking the Applied Knowledge examinations, you must pass at least two Applied Skills exams with a score of at least 66% on your first try.

How to Apply for an ACCA Simpson Scholarship

Upon determining your eligibility, the next course of action is to submit an application to ACCA. You must submit an essay for the application with the subject “How will the award of a scholarship help me realize my full potential?”

Many applicants write this essay as part of their application for the scholarship. It has ended.

The judging panel will choose the top five winning essays. The writings must have some inspiring content, according to the assessors. Additionally, they make an effort to determine whether the applicant needs the scholarship or how it will help them. 

Consider how the ACCA scholarship can help you and how it will impact your studies and ultimately your career if you are getting ready to apply for it in India or anywhere else. Above all, the essay ought to be both inspirational and intimate. 

Here are some things you might mention in your essay on how the scholarship will help you. Let’s examine them now:

• How the scholarship will advance your professional goals.
• What positive impact will the scholarship have on your local community?
• How the scholarship will help you on your path to becoming a member of ACCA.
• How the scholarship will benefit the accounting field in your country? 

A scholarship submission form, which needs to have two references on it, should be sent with your application. Next, send an exact, completed application to simpsonscholarship@accaglobal.com via email for the ACCA scholarship. Applications submitted by mail after the closing date will not be accepted, while you can still send them. ACCA will not assume any liability in this regard. 

What Does the Following Step Entail?

Following submission, ACCA will acknowledge receipt of your application and provide you with a confirmation. You will also be notified if your application does not match the requirements for submission eligibility.

The three-stage selection process is the next phase. 

The five scholarship winners receive emails from ACCA informing them that their applications were accepted. A letter and information packet confirming their receipt of monies from the Simpson Scholarship are sent to each winner. 

What is covered in the ACCA Simpson Scholarship? 

Winners of scholarships will get reimbursement for certain costs for a maximum of five years, or until they join ACCA, whichever comes first.

The membership admittance cost, annual student subscription prices, annual affiliate subscription fees, and ACCA examination fees are all covered expenses.

Furthermore, a collection of study materials for each ACCA paper will be provided to Scholarship beneficiaries by an Approved Content Provider.

It is noteworthy that the annual membership subscription price is not covered by the scholarship.

Frequently Asked Questions (FAQs)

Q: How may ACCA students profit from the Simpson Scholarship, and what is it?

Ans: The Simpson Scholarship is an annual program offered by ACCA that will probably continue in 2024 and give financial aid to the top five applicants.

Q: Who is eligible for the ACCA Scholarship in India?

Ans: Students enrolled in ACCA programs in India are qualified. Important factors include job aspirations, financial need, and academic achievement.

Q: What is covered by the ACCA Scholarship?

Ans: The scholarship comprises a collection of study materials for each paper as well as payment for the ACCA exam for Papers F4 through P7.

Q: How can I apply for the ACCA Scholarship in 2024?

Ans: In order to apply, make sure you qualify, collect the necessary paperwork, fill out the online form, provide references, and submit it before the deadline.

Q: What are the key criteria for the ACCA Scholarship?

Ans: The ACCA student in India, academic standing, place of study, need for financial assistance, and well-defined career objectives are important requirements.