What is the cost of the ACCA professional qualification exam?

The cost of ACCA professional accounting examinations and how it would help someone’s career and prospective compensation is a subject we’re frequently asked. In our new blog, we answer all of these questions.

If you’re deciding which exams to take, you’re curious about the cost of professional accounting examinations.

What will my introductory salary if I pass ACCA?
With my certification, what kinds of jobs can I get?

We’ve broken down the cost, salaries, and job opportunities of the ACCA to help you decide which exams will help you achieve your professional goals.

Exam Fees for ACCA

Exam fees for the ACCA are more challenging to determine than exam fees for the CIMA. The cost of an ACCA exam varies depending on the exam, when it is taken, and when it is entered.

Sign up for your examinations early and choose the exam window if feasible to get the best costs. It’s worth noting that we’ve anticipated the ACCA examinations will take five years to complete.

The following is a breakdown of the costs:

A one-time registration fee: £79
The annual subscription price:£112.
Exam costs for Applied Skills (6 exams): £103-307 each
Exam costs for Strategic Professional Essentials (Business Leader): £180-321 for one exam.
Exam fees for Strategic Professional Essentials (Business Reporting): £129-350 for one exam.

ACCA salaries

Exam fees for Strategic Professional Options (4 examinations): £129-350 each
Ethics and Professional Skills: £78 per module
Exam fees range from £1,521-3,991 (without Applied Knowledge).

Total cost for five years, including subscription requirements: £2,160-4,630

Salaries at the ACCA

ACCA professionals earn a variety of salaries depending on their level of expertise and are as follows:

Unqualified accountants earn £24,000, while part-qualified accountants earn £31,000. Newly qualified ACCAs earn £35,000-42,000.

Salary for an experienced ACCA accountant ranges from £60,600 to £97,400 and up.

Job Opportunities after ACCA

Students who complete the ACCA chartered accountant program are equipped for top management positions and can rise fast to a chief financial officer (CFO).

ACCA ensures that individuals will have many job opportunities in the future by offering over 18 career profiles, each with various possibilities.

It can work as a Management Accountant, Finance Manager, Financial or BuBusiness Analyst, Financial Consultant, Adviser, Financial Planner, and so forth in a range of sectors worldwide.

The following are some of the most common ACCA occupations:

• The financial and consulting industries.

• Banking.

• Healthcare.

• Information Technology.

• Insurance.

• Public Sector.

• Business Management.

The reach of ACCA, as well as the rest of the globe, is rapidly expanding. ACCA-qualified students, as previously said, are offered job opportunities at top firms.

Final thoughts

If you plan your examinations well enough in advance, ACCA assessments can be pretty comparable in price. Similarly, once you gain few years of experience and begin to advance your career, the salaries you may expect to find after obtaining either certification can be very similar.

When deciding on ACCA professional qualifications, it’s a good idea to think about the kind of work you are interested in working to have.

Investigate whether one certification is favoured over the other in the field you want to work in! For more information contact us!