Understanding the cost of ACCA courses is essential to budgeting your journey toward becoming a qualified accountant.
ACCA fees in India vary depending on your specific needs and location.
At Ikka Classes, we aim to provide clarity on the various ACCA fees including ACCA course fees,
Understanding ACCA course fees in India will help you budget more effectively and ensure you are prepared for all financial aspects of your ACCA journey with ace classes.
- ACCA Registration Fee:
To begin your ACCA journey, you will need to pay the ACCA registration fee.
This one-time fee covers the administrative costs of enrolling you in the ACCA program and is required before you can begin your studies.
- ACCA Annual Membership Fee:
Each year, ACCA charges an annual membership fee.
This fee is required to maintain your student status and access ACCA resources and updates.
This is an ongoing cost you will need to plan for annually.
- ACCA Exam Fee:
ACCA exam fees can vary depending on the specific paper or module you choose. Here’s how it breaks down:
- ACCA Exam Fee Per Paper: Each exam paper has a specific fee associated with it, known as the ACCA paper fee.
These fees can vary for different papers, so it’s important to check the latest fee structure for any paper you plan to take.
- ACCA exam fees in Indian Rupees: Exam fees are usually quoted in GBP, but you’ll need to convert them to Indian Rupees.
The exact amount can fluctuate depending on exchange rates.
- ACCA exemption fee:
If you already have qualifications that exempt you from certain papers, you’ll need to pay an ACCA exemption fee.
These fees are charged for each paper you’re exempt from, reducing your total number of exams but still incurring costs.
- ACCA re-take fee:
If you need to retake an exam, this will involve additional costs.
These are usually the same as the ACCA exam fee per paper.
Planning for potential re-takes is a good strategy to avoid unexpected expenses.
- Additional costs:
- ACCA membership fee: After completing the ACCA qualification, the ACCA membership fee must be paid to become a fully qualified member.
- Other costs: Additional costs may include study materials, revision courses and practice exams.
These are not included in the standard ACCA fee but are vital to your exam preparation.
How Much Are The ACCA Exam Fees Per Paper?
ACCA exam fees vary depending on many factors, including the type of paper, the timing of your application, and your current status with ACCA.
Here is a detailed breakdown of ACCA exam fees per paper and how they fit into the overall cost structure.
ACCA Exam Fees Per Paper
ACCA fees are structured to cover the costs of each exam.
Fees are categorized based on the level of the exam and whether you are taking it during the standard or late registration period.
Generally, exam fees are divided into:
- Applied Knowledge Paper:
- Exam Fee: The standard fee for each Applied Knowledge paper is around ₹7,500 to ₹9,000.
- Late Fee: If you register late, additional fees may apply, usually around ₹3,000 to ₹5,000.
- Applied Skills Papers:
- Exam Fee: For Applied Skills papers, the cost ranges from ₹8,000 to ₹10,000 per paper.
- Late Fee: The late registration fee for these papers can be around ₹3,500 to ₹6,000.
- Strategic Professional Papers:
- Exam Fee: The cost of these advanced papers usually ranges between ₹10,000 to ₹12,000.
- Late Fee: The late fee for Strategic Professional papers usually ranges from ₹4,000 to ₹7,000.
- Option Papers:
- Exam Fee: Each option paper costs around ₹12,000 to ₹14,000.
- Late fees: Late fees for option papers usually range between ₹4,500 to ₹8,000.
Annual membership fees and their impact
In addition to the per-paper exam fee, ACCA candidates are required to pay an annual membership fee.
This fee is required to maintain your ACCA membership and includes:
- Annual membership fee: Around ₹8,000 to ₹10,000 per year. This fee supports the ongoing administration of your membership and provides access to various resources and support services.
- ACCA registration fee: This one-off fee payable on initial registration is around ₹10,000 to ₹12,000. It covers the cost of processing your application and setting up your account with ACCA.
- ACCA exemption fee: If you are exempted from certain papers due to previous qualifications, you will have to pay an exemption fee, which usually ranges from ₹5,000 to ₹8,000 per paper.
- Membership fee: Once you qualify, there is an annual membership fee, which is around ₹12,000 to ₹15,000.
ACCA Registration Fee In India
This fee covers some components related to your journey as an ACCA student and prospective member.
Here is a description of what the ACCA registration fee includes and other related costs:
- Initial Registration Fee:
The ACCA registration fee is a one-time payment required when you register for the first time with ACCA.
This fee gives you access to ACCA’s resources and services throughout your qualification journey.
It is an initial step to becoming an ACCA student and is required to secure your place on the program.
- Annual Membership Fee:
In addition to the initial registration fee, ACCA requires an annual membership fee.
This fee is payable every year and helps maintain your status as an ACCA student. It covers administrative costs and access to ongoing support from ACCA.
- Exam Fee:
The ACCA exam fee is separate from the registration and annual membership fees.
These fees are charged per paper, so the total cost will depend on how many exams you plan to take.
ACCA exam fees in Indian Rupees are set by ACCA and may vary depending on the exam session. Each paper you solve will cost a fixed exam fee, so it is important to budget.
- Exemption Fees:
If you are applying for exemption from certain ACCA papers based on previous qualifications, you will need to pay ACCA exemption fees.
These fees cover the administrative process of assessing and granting exemptions.
- Membership Fees:
Once you have completed your ACCA exams and gained the necessary practical experience, you will need to pay ACCA membership fees to become a full member.
This fee is part of the final steps to attain ACCA qualifications and receive the associated benefits.
Summary of ACCA Fees in India
In a nutshell, ACCA course fees in India include the following:
- Initial Registration Fee: A one-time fee to become an ACCA student.
- Annual Membership Fee: An ongoing fee to maintain your student status.
- Exam Fee: Charged per paper, which varies according to the session.
- Exemption Fee: Applicable if you qualify for the paper exemption.
- Membership Fee: Required to become a full member of ACCA after completing the exams and practical experience.
What Are The ACCA Annual Subscription Fee?
When pursuing an ACCA qualification, it is essential to understand the various fees associated with the program, including the ACCA annual membership fee.
This fee is a significant part of your overall ACCA course fee and is required to maintain your membership and access to ACCA’s resources and support throughout the year.
Understanding ACCA Annual Membership Fees
The ACCA annual membership fee, also known as the ACCA membership fee, is an ongoing cost that you must pay to keep your ACCA membership active.
This fee is different from the ACCA registration fee and ACCA exam fee, which are paid at different stages of your ACCA journey.
How is the ACCA annual membership fee calculated
The ACCA annual membership fee is usually calculated based on your membership status and is payable every year.
The fee amount may vary depending on the following factors:
- Membership status: The fee may differ for students, associates and full members.
- Country of residence: ACCA fees in India may have specific rates compared to other countries.
The fee structure is designed to accommodate different regional financial situations.
When is the ACCA Annual Membership Fee payable
The ACCA Annual Membership Fee is payable on 1 January each year. It covers the period from January to December.
It is important to pay this fee on time to avoid any disruption to your membership status and access to ACCA resources.
What Are ACCA Exemption Fees And How Do They Affect Your Total Cost?
ACCA Exemption fees are paid in addition to the standard ACCA registration fee, annual membership fee, and exam fee.
They are a one-time fee for each paper you are exempt from.
The fee amount may vary depending on the specific paper and your circumstances.
When applying for an exemption, you will need to submit evidence of your qualifications or experience and the exemption fee will be calculated accordingly.
Impact on overall costs
- Potential savings: ACCA Exemption fees may affect your total ACCA course costs, but they can provide cost-saving benefits in the long run.
By bypassing certain papers, you reduce the number of exams you have to sit, which can reduce the total ACCA exam fee and associated costs.
This reduction in the number of papers can lead to a lower ACCA exam fee per paper and lower study material and preparation costs.
- Comparison with full exam costs: While exemption fees are an additional expense, they are generally less than the cost of sitting and preparing for the full exam.
For example, the cost of the exemption fee is typically less than the combined cost of the ACCA exam fee in Indian Rupees for the papers you are exempted from, plus the associated study and preparation costs.
- Overall Financial Planning: When calculating the total ACCA fee in India, including ACCA annual membership fee, ACCA subscription fee, ACCA registration fee in India, and ACCA paper fee, it is important to take the exemption fee into account. By doing so, you can more accurately assess your total financial commitment.
What Payment Options Are Available For ACCA And How Can You Reduce Costs?
When it comes to managing your ACCA expenses, understanding payment options and strategies to reduce costs can make a significant difference.
Here is a comprehensive guide on the payment methods available for ACCA fees and tips to help you save money.
Payment Options for ACCA Fees
- Online Payment:
- Credit/Debit Cards: You can pay your ACCA fees using major credit or debit cards.
This is the most convenient option, allowing for instant processing of payments.
- Bank Transfer: Some candidates prefer to use bank transfers for larger amounts.
Make sure you have the correct bank details and reference numbers provided by ACCA or your ACCA-approved institution.
- Payment Gateways: ACCA’s online portal can provide various payment gateways for secure and efficient transactions.
- Payment through ACCA’s approved learning providers:
- Direct Payment: Many ACCA-approved learning providers such as Ace Classes offer a direct fee payment facility through their platform.
This may sometimes involve additional payment options or plans.
- Installment plans: Some providers offer installment plans to spread the cost of the ACCA course fee over time, making it easier to manage financially.
- Offline payments:
- Cheque or demand draft: Those who prefer traditional methods can pay via cheque or demand draft, although this may take additional processing time.
- Cash payments: In some cases, particularly through local ACCA offices or approved centers, cash payments may be accepted.
Reducing ACCA costs
- Early registration discounts:
- Early bird offers: Registering for exams early can sometimes make you eligible for discounts or reduced fees.
Keep an eye on ACCA announcements for such offers.
- Exemption Fees:
- Claiming exemptions: If you have prior qualifications that meet ACCA’s criteria, you may be eligible for exemptions from certain exams, which will reduce the number of papers you need to pay for.
Understanding ACCA exemption fees and how to apply for exemptions can save you money.
- Fee waivers and scholarships:
- Institutional scholarships: Check if your learning provider, such as Ikka classes, offers scholarships that can help reduce the total fees of your ACCA course in India.
- Professional associations: Some professional associations or organizations offer scholarships or financial aid for ACCA students.
- Managing exam attempts:
- Re-registration: Be careful with your exam attempts. Re-sitting will incur additional ACCA exam fees per paper.
Efficient study plans and preparation can help avoid additional costs associated with failed attempts.
- Access study materials:
- Affordable study resources: Opt for affordable study materials or resources provided by your learning provider.
Sometimes, the ACCA course fee may include access to these resources, which might otherwise be an additional cost.
Can You Pay ACCA Fees In Installments?
Ikka Classes understands that paying the full amount upfront can be challenging, so they offer flexible installment plans for ACCA course fees in India. Here’s how you can set up an installment plan:
- Contact Ikka Classes: Contact the admissions office or financial aid department to inquire about installment options.
They can provide specific details about the available plans and help you understand how they fit into your overall ACCA exam fees and other costs.
- Discuss your needs: Explain your financial situation and preferred payment schedule. Ikka Classes will work with you to design a plan that suits your budget, making it easier to manage your ACCA exam fees in Indian Rupees.
- Review the terms: Make sure you understand the terms of the installment plan, including any interest rates or additional fees that may apply. It’s important to clarify these details to avoid any surprises later.
- Complete enrollment: Once you have agreed to the terms, complete the necessary paperwork to formalize your installment plan. This may include signing contracts and setting up payment methods.
- Stay on track: Follow the agreed payment schedule to ensure you stay in good standing and there are no disruptions to your studies or exam registration.
What Are The Scholarships And Discounts For ACCA?
Scholarships for ACCA students provide a valuable opportunity to alleviate the financial burden of ACCA course fees and associated costs.
Here’s an overview of available scholarships:
- ACCA Foundation Scholarships: These scholarships are offered by the ACCA itself to help students from underprivileged backgrounds.
Eligibility typically includes financial need and a strong academic record.
Applications are usually submitted directly to ACCA or through partner institutions.
- Institution-Specific Scholarships: Ikka Classes, offer their scholarships. This Scholarship is often based on performance.
- Corporate Sponsorships: Some companies offer sponsorships or scholarships to employees pursuing ACCA qualifications.
These may cover a portion of the ACCA exam fees or the full ACCA fees. Check with your employer to see if such opportunities exist.
- Government and Educational Grants: Occasionally, government and educational organizations provide grants or scholarships for professional courses.
Research and apply to relevant programs that may offer support for ACCA fees in India.
Discounts and Early Bird Offers
In addition to scholarships, various discounts, and early bird offers can help you save on ACCA fees:
- Early Bird Discounts: ACCA often provides early bird discounts on exam registration fees. Registering early for your ACCA exams can significantly reduce the cost.
Keep an eye on the ACCA website or Ikka Classes for announcements on such discounts.
- Package Deals: Some ACCA training providers, including Ikka Classes, offer package deals that include multiple exams or study materials at a reduced rate.
These packages can lower the overall cost of ACCA exam fees.
- Referral Discounts: Certain institutions offer discounts if you refer new students to their ACCA courses. these referral programs can help reduce your ACCA course fees.
- Exemption Fees: If you have prior qualifications or experience that meet ACCA’s exemption criteria, you can save on ACCA exemption fees.
This allows you to skip certain papers, thus reducing the total number of ACCA exam fees you need to pay.
- Payment Plans: Some providers offer flexible payment plans for ACCA fees in Indian Rupees, making it easier to manage the cost over time.
Inquire about such options with Ikka Classes to make your payment process more manageable.
Is ACCA Costly And How Can You Manage The Expenses?
When comparing the cost of ACCA to other professional qualifications such as CPA or CMA, ACCA may seem more expensive.
However, it is important to consider the extensive global recognition and career opportunities that ACCA offers.
Investing in ACCA can lead to significant long-term benefits and earning potential.
Strategies for ACCA Expense Management
- Create a budget: Start by calculating the total cost of the ACCA qualification, including course fees, exam fees, and membership fees.
Set a budget to manage these costs effectively.
- Plan your exam attempts: Space out your exam attempts to better manage costs. Avoid the temptation to take multiple papers at once if it puts a burden on your finances.
- Get scholarships and financial aid: Some institutes, including Ace Classes, may offer scholarships or financial aid to help cover costs.
Research the available options and apply for financial aid if eligible.
- Use study materials wisely: Make the most of free or low-cost study resources. Many online platforms and libraries provide useful materials at no cost.
- Look for discounts and offers: Keep an eye out for any promotions or discounts on ACCA exam fees, course fees or study materials. Some organisations offer reduced fees during specific periods.
- Consider online learning: Online courses are often less expensive than traditional classroom-based options. Ace Classes offers online ACCA courses that can be a more affordable option.
- Plan your discounts: Evaluate your previous qualifications and look for discounts where possible. This can reduce the number of papers you have to take and reduce the overall cost.
- Manage subscription costs: Be aware of annual subscription and membership fees. Budget for these recurring expenses to avoid surprises.
Frequently Asked Questions About ACCA Course Fees
The ACCA course fees can starts from INR 20,000 to 2,50,000
ACCA fees in India are set to accommodate different exam formats, it be paper-based or computer-based.