All-in-One Guide to ACCA Exemptions for the UK Aspirants 

ACCA is one of the most prestigious accounting degrees in the world. As per the recent reports, more than 179 countries recognized ACCA, and that number is still growing. The high-paying ACCA salary, high-level job positions with leading organizations, and many other benefits have become available with this credential. It can broaden your growth and open doors to many other ACCA job opportunities.

But there is an issue. Do you have that much time and energy to commit to a course of this size as a working professional? Alternatively, is there a way to reduce the number of years needed to obtain your ACCA qualification in the UK? On this front, there is something positive.

The ACCA course entails a total of three levels and thirteen papers. An average student may need three or four years to finish the course. However, you can cut down on the number of papers you have to write and save time by using your post-graduate credentials. On the other hand, the course specifies exactly who is excluded from ACCA requirements.

See if you may obtain your ACCA certification more quickly with your present qualification by reading on.

How do ACCA Exemptions work?

You can complete the qualification while avoiding some ACCA exams if you have an exemption. You can be eligible for exemptions from particular ACCA exams based on your past qualifications. 

For example, ACCA may exempt you from part of the 13 papers if you have studied finance and accounting or have a background in business. Additionally, you can qualify for exemptions if you have relevant work experience in finance and accounting. 

You can quickly check your eligibility if you’re not sure by using the ACCA website’s exemptions calculator.

ACCA Exemptions for Students Pursuing a B.Com or M.Com

Those who have already earned their B.Com. Or M.Com. Are excluded from the ACCA Knowledge level (F1 to F3) and ACCA Skill level (F4) examinations.

ACCA Knowledge comprises the following:

• 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

ACCA students holding a BBA degree are excused from taking the ACCA Knowledge Level paper (F1-Business and Technology, or BT).

ACCA Exemptions for MBA

ACCA Knowledge level paper exemptions are available to MBA holders. Among these exclusions are:

• F1 – Business and Technology (BT),
• F2 – Management Accounting (MA),
• F3 – Financial Accounting (FA).

ACCA Exemptions for CA Foundation Students

• No exemption

ACCA Exemptions for CA IPCC Qualified Students

CA IPCC-qualified students are exempt from papers F1 to F3, F6, and F8. 

The papers include:

• F1 – Business and Technology (BT)
• F2 – Management Accounting (MA)
• F3 – Financial Accounting (FA)
• F6 – Taxation (TX)
• F8 – Audit and Assurance (AA)

ACCA Exemptions for Qualified CAs

Individuals who meet the requirements for CA Final and ICWA/ICMAI will be granted exemptions from some ACCA papers, contingent on their level of expertise, work experience, and knowledge. 

These papers are exempt:

• 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)

How Do You Apply for Exemption from ACCA Courses?

There are two ways that you can apply for ACCA course exemptions:

You can request for exemptions by submitting an online form during the ACCA website’s student registration process. 

To read more about exemptions, you can also email ACCA your supporting documentation.

No exemptions are awarded

There are no exemptions granted for the ACCA Qualification’s Strategic Professional examinations, job experience, or any of the examinations or modules included in our post-professional credentials.

With ACCA Exemptions, you can begin your studies at a level that corresponds to the abilities and information acquired from previous learning. It brings the quickest.

Bottom Line 

Overall, ACCA is one of the best qualifications in the finance and accounting realm. It should come as no surprise that a large number of professionals, such as CAs and MBAs, are enrolling in certificate programs. Having an ACCA qualification can help you land high-paying positions at all of the main financial organizations in more than 160 countries. Furthermore, if you have a suitable degree or qualification, you can skip all the exams. Your financial career will take off thanks to the ACCA exemptions, which will expedite your certification process.

Frequently Asked Questions (FAQs)

Q: Why does the ACCA board offer exemptions?

Ans: Undergraduates are required to prepare for every ACCA exam without fail. Graduates and post-graduates, however, are given some wiggle room in this area. For students who have completed courses where the subjects overlap with the syllabus, the board grants exemptions from the ACCA. This enables you to start your job sooner and complete your ACCA study more quickly. 

Q: How can you claim ACCA exemptions?

Ans: When you register for the course on the ACCA website, you must apply for the exemptions. To provide the required details on your certification and the university you earned it from, click the ACCA exemption calculator. You will receive the list of examinations you are exempt from taking if you meet the requirements.

Q: What are the fees for ACCA exemptions?

Ans: The cost of each paper at the Applied Knowledge level is 86 GBP. Each of the Applied Skills level tests costs 114 GBP.