Acing ACCA exams can be a long process as there are multiple levels and a lot of concepts to study. However, if you’ve taken any prior accounting courses, you may be eligible to apply for an exam exemption. This means you do not have to repeat what you have already learned or are eligible for exemption. It saves you time and allows you to prepare for ACCA from a suitable level. Fundamentally, exemptions for both skill and knowledge level papers are available, and you can be exempt for as little or as many as possible. Work experience, however, is not an adequate replacement to qualify for an ACCA exam exemption.
As a student, you must not assume that something you previously studied will be enough to relieve you of some of your ACCA exams with SKANS Ecampus. To find out whether you are actually eligible, use the exemption calculator on the ACCA website. All you have to do is specify your institute and its location and the year of graduation. From there onward, you will be redirected to a page where the relevant study majors will be mentioned. After selecting yours, you will be able to see all viable paper exemptions for ACCA- if there are any. Don’t forget that exemptions are conditional, which is why you must read up on all the essential materials before you proceed. The FAQ section is great for getting answers to common questions, and in case you need further assistance, you can send your queries to the email address given there.
Every student is required to pay a set fee for each exemption for ACCA claimed. It is in addition to the student registration fee, and must be paid within the allotted time of exemptions, being awarded. The prices vary according to location so You can check the prices according to your location. Also, keep in mind that applied skills exams cost more than the applied knowledge variants, Mock and Practice Pack AAA – SKANS ECampus.
When applying, you need to make sure you provide all the necessary documents as per the requirements mentioned on the ACCA website. These will generally cover information on your institute, degree, and previous certification scores in addition to identification material and contact details. Due to COVID-19, the online process has been made more advanced hassle-free ,and students today are required to submit scanned copies. Once everything is done, all you need to do is register as a student and pay the fee. The process is pretty seamless in itself. Thus, the only crucial bit is self-evaluation to determine whether you should actually claim your exam exemptions.
If you find that you’re eligible to claim for ACCA exemptions, don’t rush into it just because you don’t want to sit certain exams. If your additional accounting qualifications are recent, claiming an exemption is a great idea. However, if it has been years since you’ve revisited old concepts, forgoing exemptions can help you score better in the advanced level exams. Since ACCA exam levels are designed through a systematic hierarchy, advanced levels are an extension of basic accounting concepts. Verily, suppose you’re not adequately familiar with basic accounting concepts or have forgotten some important topics. In that case, SKANS ECampus Guide: Tackling ACCA Qualification Challenges you’re more likely to answer poorly in other ACCA exams that take an advanced approach to the basic accounting concepts.
Moreover, if you’ve studied accounting in the past and are now involved in a completely different career path eager to get your ACCA certification, re-studying previous topics will be a wise choice. Many people suffer from mental rust over time, and overlooking the fact can cost you a lot. Nevertheless, choosing the right option can be a little complicated, which is why you should test your knowledge by attempting a few ACCA past papers. If the relevant information is fresh in your memory, you will automatically get good practice scores and not need to sit for the exams that can be exempted.
