In the realm of accounting, the Association of Chartered Certified Accountants (ACCA) certification is a globally recognized standard, with Nigeria being no exception. As we delve into the cost of writing ACCA exams in Nigeria in 2023, we’ll explore the history of ACCA, its significance, and break down the expenses associated with registering for the exams.
ACCA: A Brief Overview
Established in 1904, the Association of Chartered Certified Accountants (ACCA) is an international accounting organization operating in 173 countries. While primarily known for its accounting focus, ACCA also provides certifications in finance and management. To attain ACCA certification in Nigeria, candidates must successfully complete 14 exams, held biannually in June and December.
Cost of Writing ACCA Certification Examination in Nigeria Today
ACCA certification is highly esteemed worldwide, attracting accounting professionals seeking to enhance their knowledge and credentials. Let’s explore the current costs associated with each level of the ACCA exams in Nigeria for 2023.
1. Cost of ACCA Registration in Nigeria The initial step involves a registration fee of £36 for the first stage of the ACCA certification exam. Once paid, this fee covers registration for subsequent levels.
2. Cost of ACCA Annual Subscription Fees in Nigeria Separate from the registration fee, an annual subscription fee of £112 ensures active student status throughout the certification process. New students enjoy a reduced annual subscription fee of £63 in their first year.
3. ACCA Re-Registration Fee For those who fail to pay the annual subscription fee on time, a re-registration fee of £89 is imposed. This fee, along with any outstanding dues, reinstates the student’s status.
4. ACCA Exemption Fees Exemption fees are applicable for each ACCA exam for which exemption is granted. For applied knowledge exams (BT, MA, FA), the fee is £40, while applied skills exams (LW, PM, TX, FR, AA, FM) incur a fee of £58 per exemption.
5. Other ACCA Examination Fees
- Corporate and Business Law (LW): Early entry £111, Standard entry £117, Late entry £299
- Performance Management (PM): Early entry £111, Standard entry £117, Late entry £299
- Taxation (TX): Early entry £111, Standard entry £117, Late entry £299
- Financial Reporting (FR): Early entry £111, Standard entry £117, Late entry £299
- Audit and Assurance (AA): Early entry £111, Standard entry £117, Late entry £299
- Financial Management (FM): Early entry £111, Standard entry £117, Late entry £299
- Strategic Business Leader (SBL): Early entry £194, Standard entry £206, Late entry £332
- Strategic Business Reporting (SBR): Early entry £140, Standard entry £147, Late entry £332
- Ethics and Professional Skills Module: Fee £65
- Advanced Financial Management (AFM): Early entry £140, Standard entry £147, Late entry £332
- Advanced Performance Management (APM): Early entry £140, Standard entry £147, Late entry £332
- Advanced Taxation (ATX): Early entry £140, Standard entry £147, Late entry £332
- Advanced Audit and Assurance (AAA): Early entry £140, Standard entry £147, Late entry £332
Conclusion:
Aspiring ACCA candidates in Nigeria can now navigate the intricacies of exam costs for 2023, making informed decisions as they embark on this prestigious international certification journey. The ACCA certification not only enhances knowledge but also solidifies one’s standing as a top professional in the field of accounting.