Official ACCA Exam Fees in Nigeria (2024)
It’s simple to see why ACCA is one of today’s most popular international accounting exams. With many accounting experts continuing to pay greater interest to this worldwide certification, it’s important to understand how much each level costs in Nigeria today. In this piece, we’ll go over some of the basics that aspiring ACCA candidates should know about the examination, including how much each paper costs.
OVERVIEW OF THE ACCA
The Association of Chartered Certified Accountants (ACCA) is a global accounting body that awards Chartered Certified Accountant certification. The organization, which was founded in 1904, now spans 173 countries and is present in every corner of the globe. The ACCA provides certification in the areas of finance, bookkeeping, accounting, and management.
By and large, ACCA accreditation necessitates passing 14 examinations. ACCA Qualification examinations are usually held at regular intervals, usually in December and December each year. Despite the fact that the first three evaluations (F1, F2, and F3) can also be undertaken as computer-based and are held as the year advanced, the examinations are all paper-based.
THE CURRENT COST OF WRITING ACCA EXAMINATION IN NIGERIA (2024)
Are you seeking for the price of a well-known accounting exam? This article will provide you with information about the subject. The next paragraph discusses how much money is required to enroll and sit for the ACCA exam, with sums for each level separated.
COST OF ACCA REGISTRATION
The cost of enrollment is one of the main charges you’ll have to pay when you register for ACCA. This fee is expected to be paid just once by candidates. It really should be remembered that this fee must be made before a candidate can register, complete the registration process, and sit for the main level of the exam.
When you apply for the primary phase of the test, the registration fee is now around £79. It’s worth noting that you won’t have to pay for the region fee again if you enroll in subsequent levels.
YEARLY SUBSCRIPTION FEES
Apart from the registration costs and examination expenditures, there are also yearly subscription fees. Candidates are required to pay a membership fee of £105 each year.
This fee should be paid once a year to maintain your understudy status.
It should be reminded that if the yearly subscription costs are not paid within the stated time frame, the studentship status with the organization may be suspended.
CHARGES FOR RE-ENROLLMENT
This is a levy charged to students who do not pay their annual membership fees on time. Another consequence of ACCA understudies failing to pay the yearly enrollment fee on time is that their names will be removed from the official ACCA record. In order to be reinstated as an understudy, they must pay a reregistration fee in addition to all outstanding penalties.
ACCA EXAMINATION FEES
The following is a list of the accounting body’s examination fees:
ACCA EXAM – LW
- Early bird registration costs £114.
- The standard registration fee is £120,
- And the late registration fee is £307.
ACCA EXAM – PM
- Early bird registration costs £114.
- The standard registration fee is £120.
- £307 for late registration
ACCA EXAM – TX
- Early bird registration costs £114.
- The standard registration fee is £120.
- £307 for late registration
ACCA EXAM – FR
- Early bird registration costs £114.
- Registration is £120 for the standard version.
- £307 for late registration
ACCA EXAM – AA
- Early bird registration costs £114.
- The standard registration fee is £120.
- £307 for late registration
ACCA EXAM – FM
- Early bird registration costs £114.
- Registration is £120 for the standard version.
- £307 for late registration
ACCA EXAM – SBL
- Early bird registration costs £188.
- £199 for standard registration
- £321 for late registration
ACCA EXAM – SBR
- Early bird registration costs £147.
- Registration is £155 for the standard version.
- £350 for late registration
ACCA EXAM – AFM
- Early bird registration costs £147.
- The standard registration fee is £155.
- £350 for late registration
ACCA EXAM – APM
- Early bird registration costs £147.
- £155 for standard registration
- £350 for late registration
ACCA EXAM – ATX
- Early bird registration costs £147.
- £155 for standard registration
- £350 for late registration
ACCA EXAM – AAA
- Early bird registration costs £147.
- Registration is £155 for the standard version.
- £350 for late registration
ACCA EXEMPTION CHARGE
The accounting body also charges an ACCA Exemption Charge. It is critical that candidates pay the required exemption fees. You will be granted an exemption form for each of the body’s examinations, and you will be charged an exemption fee. The following are the charges for the exemption:
- Exams in Applied Knowledge – £76
- Exams in Applied Skills – £103
FEES FOR ACCA MEMBERS
- ACCA Affiliates Subscription – This cost must be paid for a period of up to three years after you have achieved membership status. The subscription price for ACCA affiliates is £123.
- Admission to Membership – Before becoming an official member of ACCA, candidates must pay a £246 fee. It’s worth noting that the fee is only due if you’re accepted into affiliation.
Members are supposed to pay a £246 yearly subscription charge, therefore this is a standard fee.
- Reduced subscription – this is a price that is paid in specific circumstances. Affiliates can apply for a £55 annual subscription charge as a result of this. Several conditions must be completed in order for affiliates to be eligible to pay this amount.
- Reinstatement Fee – Whenever an ACCA member is reprimanded, it is obligated to pay a £55 reinstatement fee. This may be due to non-payment of the annual subscription or other related issues. This charge is in addition to the total amount owed.
CONCLUSION
With many accounting experts beginning to give this global test known as ACCA more thought, it’s crucial to look into how much each level costs in Nigeria today. The cost of the ACCA examination was discussed in this article.
