ACCA in Hong Kong is an excellent choice for those looking for international finance and accounting career potential. It can help you launch a rewarding, long-term career. We have already discussed in our previous blogs. This article is specifically crafted to educate you about the extent of the ACCA exemption based on your current and future qualification so that you can understand how many papers you are already exempt from when you go to prepare for the ACCA exam. ACCA exemptions are great for expediting your path to becoming a qualified accountant. By allowing you to skip several papers that you have already passed, they can save you a significant amount of time as well as money. Before we move on to discussing the required qualification for ACCA exemption in Hong Kong, let’s go through the basics of the ACCA exemption for the ACCA qualification.
ACCA Exemption Guide
To apply for ACCA exemptions in Hong Kong or in any other country, you must have a recognized university degree (particularly in accounting or finance), professional qualifications (such as HKICPA, CAANZ, etc.), or diplomas or certificates from recognized institutions to be eligible. The exemption you receive will completely depend on how well your previous qualifications align with ACCA standards. You can also think of fast-tracking the Conditional Exemption Programme.
- University Degrees: Accredited degrees in accounting, finance, law, management, or corporate governance from both domestic and foreign universities.
- Professional Body Memberships: Credentials from accredited organizations such as CAANZ, HKICPA, CA Sri Lanka, etc.
- Additional Requirements: Exemptions from the Foundation Level papers may be granted for diplomas, certificates, and foundation degrees from accredited universities.
ACCA Exemption Calculator: How to Check
Based on your previous qualification and degree, you can take help from the ACCA exemption calculator. It is the easiest way to determine your eligibility; you just need to enter your university or degree, and it will display the precise exemptions you are eligible for. It will assist you in creating a well-thought-out plan for your ACCA path and is especially helpful if you are not sure if your degree or diploma meets the requirements. Prior to registering or paying, make sure you finish this.
Types of ACCA Exemptions:
- Conditional Exemption Program (CEP): This enables students at Hong Kong partner universities (such as CUHK, CityU, and HKBU) to expedite their ACCA exams while pursuing their degrees.
- Actual Exemption: It is for graduates who have already qualified; they can directly apply for the ACCC exemption in Hong Kong.
How to Apply for Exemption in Hong Kong
- Review: You need to carefully evaluate whether your existing knowledge aligns with the necessary skills.
- Apply: Next, apply to become an ACCA student.
- Claim: If you are eligible for CEP, links will appear; just click them
- Fee: Now, pay the ACCA exemption fee and registration fee
- Submit documents: You will need to submit the transcripts and certificates of diplomas.
Ensure your exemptions are determined by the particular courses and units you’ve completed, so that you begin at the right level. Besides, under certain circumstances, ACCA members in Hong Kong are eligible for HKICPA qualification exemptions, and vice versa.
Finally…
If you have carefully checked how current your knowledge and skills are following your prior certification, ACCA exemptions in Hong Kong are a solid method to enter at the right level.
Before registering, make sure to visit the database, read all information carefully, and be sure that you are eligible for exemptions.
The Mirchawala team is always there to assist you in your ACCA learning journey. We have already won a global pass rate excellence award, and our knowledgeable teachers have years of experience.
Frequently Asked Questions
How does the ACCA Exemption Calculator work?
Using the ACCA exemption calculator is the easiest way to determine your eligibility; simply enter your university or degree, and it will display the precise exemptions you are eligible for.
How to Apply for ACCA Exemption in Hong Kong after registration?
If you have recently obtained new qualifications, you can ask for exemptions. The ACCA won’t reimburse any money you inadvertently spend, so you must wait to enroll in any classes or decide what to do next until your exemption is verified.
How you go about claiming your ACCA exemptions will vary depending on your qualifications and where you are in your ACCA journey.
Can I do an online ACCA course in Hong Kong?
Yes, enroll at Mirchawala’s online ACCA coaching, and you can complete the entire training course at your own convenience.
