How Long Does It Take to Become an ACCA
How Long Does It Take to Become an ACCA? A Guide with Exemptions for CA, BCom, and More
The time to complete the ACCA course depends on various factors, including your previous qualifications, exemptions, and the pace at which you progress through the exams. ACCA offers flexible exam schedules, allowing students to plan their studies based on personal and professional commitments. In this blog, we’ll explore the different scenarios based on exemptions for qualifications like CA, BCom, and others to give you a clear idea of how long it can take to become an ACCA.
How Long Does It Take to Become an ACCA Without Exemptions?
For students without any prior accounting qualifications, the ACCA qualification requires completing 13 exams across three levels:
- Applied Knowledge: 3 exams
- Applied Skills: 6 exams
- Strategic Professional: 4 exams (2 compulsory + 2 optional)
Typically, it takes about 3 to 4 years to complete the ACCA course if you are studying part-time while working or pursuing another degree. Students who study full-time and take multiple exams in one session can potentially finish in 2.5 to 3 years.
Here’s a breakdown of the time it may take at each level:
- Applied Knowledge: 6-12 months
- Applied Skills: 12-18 months
- Strategic Professional: 12-18 months
How Long Does It Take to Become an ACCA with Exemptions?
The ACCA offers exemptions to students with relevant qualifications, such as CA, BCom, MBA, and other finance-related degrees. These exemptions can significantly reduce the time required to become ACCA-qualified.
How Long Does It Take for CA-Qualified Professionals?
If you are a qualified Chartered Accountant (CA), you may be eligible for up to 9 exemptions, meaning you would only need to complete the Strategic Professional level exams (4). For CAs, completing the remaining exams typically takes 12 to 18 months, depending on how quickly you prepare and sit for each paper.
Here’s what a CA professional can expect:
- Exempted Levels: Applied Knowledge and Applied Skills (9 exams)
- Remaining Exams: Strategic Business Leader (SBL), Strategic Business Reporting (SBR), and two optional papers
- Time to Complete: 1 to 1.5 years
For more information on CA exemptions, visit Eduyush’s ACCA Exemptions for CA Guide.
How Long Does It Take for BCom Graduates?
BCom graduates typically receive 4 to 5 exemptions, primarily covering the Applied Knowledge level and a few Applied Skills exams. As a result, BCom students need to complete around 8 to 9 exams, which can take 2.5 to 3 years to complete.
Exemptions for BCom Graduates:
- Applied Knowledge Level: Exempt from 3 exams (BT, MA, FA)
- Applied Skills Level: Exempt from 1-2 exams, depending on your degree curriculum
After these exemptions, you must complete the remaining Applied Skills and Strategic Professional exams. A full-time study plan can reduce this time to 2 years.
Check out Eduyush’s ACCA Exemptions for BCom Guide.
How Long Does It Take for MBA Graduates?
MBA graduates, especially those specializing in finance or accounting, can get up to 5 exemptions, similar to BCom holders. Most exemptions cover the Applied Knowledge level, with some Applied Skills exams also exempted depending on the curriculum.
On average, an MBA graduate may need to complete eight exams, which can take 2 to 2.5 years. Like BCom graduates, MBA candidates with exemptions can accelerate their progress if they opt for full-time study.
What Factors Influence How Long It Takes to Become ACCA-Qualified?
Several factors can influence how quickly you complete the ACCA course, including:
- Number of Exemptions: The more exemptions you are eligible for, the fewer exams you must take, shortening your qualification time. You can check your eligibility using the ACCA Exemption Calculator.
- Study Mode: Whether you study full-time or part-time significantly affects how long it takes to complete the ACCA course. Full-time students may finish in under three years, while part-time candidates often take up to 4 years or more.
- Exam Sessions: ACCA exams are held four times yearly (March, June, September, and December). The number of exams you take per session impacts your overall completion time.
- Work Experience: ACCA requires you to complete three years of Practical Experience (PER) and pass the exams. If you work while studying, you can gain this experience simultaneously, which may extend or align with the exam timeline.
- Preparation Time: Your preparation and study habits are crucial. Some candidates prefer to take fewer exams per session, while others may aim to complete multiple papers in one exam sitting.
Maximizing Your ACCA Exemptions for Faster Completion
To fast-track your ACCA journey, leverage all the exemptions you are eligible for. Here’s how:
- Use the Exemption Calculator: Visit Eduyush’s ACCA Exemption Calculator to see how many exemptions you can claim.
- Plan Exam Schedules: Take advantage of ACCA’s flexible schedule by planning multiple papers in one session.
- Opt for Strategic Professional Level First: If eligible for multiple exemptions, you can focus on the higher-level Strategic Professional exams first.
Check out Eduyush’s ACCA Study Plan Guide for a more detailed strategy.
How to Apply for ACCA Exemptions?
If you have previous qualifications, you must apply for exemptions as part of your ACCA registration. Here’s how to do it:
- Check Your Eligibility: Use the ACCA Exemption Calculator to determine which exams you can skip based on your previous qualifications.
- Submit Your Documents: Provide proof of your degree, certifications, and other relevant documentation during registration.
- Pay Exemption Fees: Exemption fees are required for each paper you are exempt from. Once approved, the exemptions are final, and you won’t need to sit for those exams.
- Start Your Studies: Once your exemptions are confirmed, you can begin preparing for the remaining exams and plan your exam dates.
ACCA Exam Dates and Eduyush Tips to Pass the Exams
ACCA exams are held four times yearly in March, June, September, and December. This flexible schedule allows candidates to plan their studies and spread the exams over multiple sessions, depending on their personal and professional commitments. Additionally, ACCA offers on-demand Computer-Based Exams (CBEs) for the Applied Knowledge level, which can be taken any time of the year, providing even more flexibility.
To view the latest exam dates and schedule your exams effectively, check out Eduyush’s ACCA Exam Dates Guide.
Eduyush Tips to Pass ACCA Exams
- Create a Study Plan: Develop a realistic study plan well in advance of the exam dates. Break down the syllabus and allocate sufficient time to each section, allowing for revisions and mock tests.
- Use Approved Study Materials: Ensure you are using ACCA-approved textbooks, past papers, and practice questions. Eduyush offers a range of ACCA study resources to help you prepare effectively.
- Practice Time Management: Time management is critical during the exams. To improve your speed and accuracy, regularly practice with mock exams under timed conditions.
- Focus on Core Concepts: Don’t try to memorize everything. Focus on understanding key concepts and their practical applications, which will help you with scenario-based questions.
- Attend ACCA Workshops: Eduyush frequently organizes ACCA workshops and webinars. These sessions provide insights into exam strategies, common pitfalls, and industry trends.
- Stay Calm and Confident: On exam day, stay calm and trust your preparation. Start with questions you're confident about to build momentum and manage your time efficiently during the exam.
For more tips and strategies, visit Eduyush’s How to pass ACCA Exams Guide.
Conclusion: How Long Will It Take You to Become ACCA-Qualified?
The time it takes to become ACCA-qualified depends on several factors, including your previous qualifications, the number of exemptions you receive, and your personal study pace. On average, students without exemptions take about 3 to 4 years, while those with significant exemptions, such as CA-qualified professionals, can complete the ACCA course in as little as 1 to 1.5 years.
No matter where you start, ACCA’s flexibility and global recognition make it a valuable investment in your finance and accounting career. Use your exemptions wisely and plan your studies to fast-track your journey to becoming an ACCA member.
For more insights on timelines, fees, and exemptions, visit Eduyush’s ACCA Resources.
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Questions? Answers.
You have an unlimited number of attempts to pass the ACCA (Association of Chartered Certified Accountants) exams.
ACCA does not impose a limit on the number of times you can retake an exam.
You can keep attempting until you successfully pass each exam, which provides flexibility for candidates to learn and improve their performance over time.
Yes, ACCA offers exemptions for certain exams for candidates who have completed certain academic programs or have relevant professional qualifications.
To request exemptions, you will need to provide documentation and submit an exemption application to the ACCA. Review our comprehensive exemptions calculator to know more.
The pass rate for the ACCA exams varies from exam to exam and from year to year. In general, the pass rate for the ACCA exams is between 35% to 50%. Read our blog on subject wise pass rates to know more.
The answer to this lies on your context and individual career objectives.
The ACCA (Association of Chartered Certified Accountants) membership provides numerous benefits, including:
- Professional development opportunities, such as access to the latest technical resources, CPD modules and e-learning tools
- A global community of like-minded professionals to collaborate and share knowledge with
- The ability to connect with employers through the ACCA Jobs service
- Eligibility for reduced rates on a range of products and services, such as insurance, stationery and more
The consequences of non-payment of the annual subscription fees are
As a member:
1) you can't call yourself an ACCA member, and you won't be able to use the ACCA name or logo.
2) You also won't be able to use any resources, including the online resources.
3) if you're working as an accountant, you may be unable to use the term "ACCA-qualified" or "ACCA-registered".
4) If your membership expires and isn't renewed within three years. In that case, your name will be removed from the Register of Members.
5) If you need to apply for CPA accreditation with another accounting body like CPA Australia or Canada, you will be required to furnish a good standing certificate from ACCA for five years. If you haven't paid your membership fees, you won't be able to get your good standing letter
As a student
1) You will not be able to use the members' website or log into MyACCA. You will lose access to many resources, including past exam papers and helpful articles.
2) You will no longer be eligible to sit the examinations or progress through the qualification.
3) You won't be able to pursue any other qualifications like the DIPIFR
If this is something that happens accidentally, then it is usually quickly resolved by simply paying the outstanding amount of 89 GBP.
If you're looking to become a chartered accountant in the United States, the value of the ACCA qualification cannot be understated.
To be accepted into one of the regional accountancy bodies that confer chartered status (such as the AICPA), you must have completed an accredited course of study from a college or university and have spent at least two years working in the accounting field.
The Association of Chartered Certified Accountants is globally recognized as one of the leading institutions for providing such accredited courses, and their stamp of approval on your degree will go a long way in getting your foot in the door with some of the top accounting firms in America.
It is a difficult question because it depends on your specific situation and goals.
However, in general, we would say that the CA (Chartered Accountant) certification is better for those interested in pursuing a career in accounting and finance.
In comparison, the CFA (Certified Financial Analyst) certification is better for those interested in investment banking or portfolio management.
The ACCA (Association of Chartered Certified Accountants) certification is more internationally recognized than the CA or CFA, so it may be worth considering if you're interested in working abroad.
Ultimately, though, the best way to decide which certification is proper for you is to speak with experts in each field and get their advice.
The decision of whether ACCA or a degree is better for you depends on your individual goals and circumstances.
ACCA is a professional accounting qualification that is recognized and respected globally and it is focused on accounting and finance. It is a good option for those who want to pursue a career in accounting or finance and do not want to spend the time and money required to earn a degree.
On the other hand, a degree program offers a more well-rounded education and provides a broader range of career options. It also provides more in-depth knowledge in specific field of study and it is good for those who want to pursue a career in a field outside of accounting and finance.
Both ACCA and a degree can be valuable qualifications, it depends on the person's career goals and what they want to achieve in the long term. It's also worth noting that in some countries, it is mandatory to have a degree in order to practice as an accountant.
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I only have 4 subjects to become an affiliate of ACCA. Please help me with how to approach the 4 subjects so that I can complete these subjects as fast as possible. Do you also coach someone on how to be familiar with the CBE?
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