The Cost of ACCA in Nigeria Today (2024)

Before we provide details on how much ACCA certification examination cost in Nigeria currently, we would give a detailed view on the subject. ACCA is a quintessential professional examination in the accounting field today. This examination is widely written and it positions among the most sought after international examination in the accounting world.

Aside from the fact that the assessment is globally recognized, it is approved for intending professionals in the field. This is possible as the trainings and subsequent conduct of examination uncover specialists in the accounting field. This equip them to a more profound information on accounting/bookkeeping and its application. There are many things to know about ACCA, but let’s take a look at the current cost of ACCA in Nigeria.

An Overview of ACCA

Firstly, here is what you should know about ACCA and the examination. The Association of Chartered Certified Accountants (ACCA) is a global accounting body that offers the qualification of Chartered Certified Accountants. Established in 1904, the body spreads across 173 countries and everywhere on the world. ACCA offers qualification regarding the matters of finance, bookkeeping, account, and the management.

The accreditation by ACCA by and large requires leaving behind to 14 examination. Normally, the examination for ACCA Qualification are held at regular intervals, ordinarily in March and March consistently. The entirety of the tests are paper-based, in spite of the fact that the initial three assessments (F1, F2, and F3) can likewise be taken as computer-based and they are held as the year progressed.

The Current Cost of ACCA Examination in Nigeria (2024)

Are you looking for the cost of this prominent accounting examination? This writing will give you information on this issue. As said earlier, ACCA is one of the most sought after international examination in the finance and accounting industry today. The trend is continuing and will probably remain as such for years to come.

With the global acknowledgement, it is easy to see the reasons why Nigerians will in general lean towards ACCA for other nearby accounting qualifications. The examination comes in different levels, with each level bearing their own cost. The following paragraph centers around what amount is needed to enroll and sit for the ACCA examination, separating sums for every one of the levels.

Cost of Registration

One primary charge is the cost of enlistment you will be required to pay while registering for ACCA. Candidates are relied upon to pay this charge just a single time. It should be noted that this charge must be paid before the candidate is permitted to apply and finish the registration and sit for the principal level of the examination.

Currently, the registration cost around £79 when you apply for the principal phase of the test. You should take note of that you are not needed to pay for the region expense again while enrolling for subsequent levels.

Yearly Subscription Fees

The yearly subscription fees is another cost aside from the registration charges and expenses per examination. Here, candidates are required to pay a yearly charge of £105 for membership.

This charge should be paid every year to keep your understudy status dynamic. It should be noted that studentship status with the body may be suspended if the yearly subscription fees isn’t paid inside the specified period.

Re-enrollment Charges

This is a fee charge attracted for students who didn’t pay the yearly membership fees as at when due. Another implication of ACCA understudies who didn’t pay the yearly enrollment charge when due is that they will have their names erased from the formal ACCA register. They will also  pay a reregistration fee in addition to all unpaid charges to be restored as an understudy.

ACCA Examination Fees

Here is the rundown of examination fees by the accounting body:

ACCA Exam – LW

• Early registration – £114
• Standard registration – £120
• Late registration – £307

ACCA Exam – PM

• Early registration – £114
• Standard registration – £120
• Late registration – £307

ACCA Exam – TX

• Early registration – £114
• Standard registration – £120
• Late registration – £307

ACCA Exam – FR

• Early registration – £114
• Standard registration – £120
• Late registration – £307

ACCA Exam – AA

• Early registration – £114
• Standard registration – £120
• Late registration – £307

ACCA Exam – FM

• Early registration – £114
• Standard registration – £120
• Late registration – £307

ACCA Exam – SBL

• Early registration – £188
• Standard registration – £199
• Late registration – £321

ACCA Exam – SBR

• Early registration – £147
• Standard registration – £155
• Late registration – £350

ACCA Exam – AFM

• Early registration – £147
• Standard registration – £155
• Late registration – £350

ACCA Exam – APM

• Early registration – £147
• Standard registration – £155
• Late registration – £350

ACCA Exam – ATX

• Early registration – £147
• Standard registration – £155
• Late registration – £350

ACCA Exam – AAA

• Early registration – £147
• Standard registration – £155
• Late registration – £350

ACCA Exemption Charge

ACCA Exemption Charge is another fee by the accounting body. This is very important that candidates ought to pay exemption charges. For each of the body’s examination you are given exemption form, an exemption fee is charged. The exemption charges are as below:

• Applied Knowledge exams – £76
• Applied Skills exams – £103

ACCA Fees For Members

ACCA affiliates Subscription – This fee is is one that should be paid for up to three years after you gain membership status. The fee for ACCA affiliates subscription is £123.

• Admission to Membership – Candidates are expected to pay a fee of £246, before they can be admitted as an official member of ACCA. Note that the charge is payable on successful admission to affiliation.
• Annual subscription – This is a general fee as members are expected to pay an annual fee of £246.
• Reduced subscription – is a fee paid in some certain situations. By this, Affiliates may apply to pay a reduced yearly subscription fee of £55. To qualify affiliates to pay this amount, certain conditions have to be met.
• Reinstatement Fee – An ACCA member is required to pay £55 reinstatement fee whenever a member is suspended, maybe due to non-payment of yearly subscription or might be other related issues. This fee is in addition to the entire amount he or she owes.

Conclusion

With a great deal of experts in the accounting field starting to give more consideration to this global examination called ACCA, it is important to investigate how much each level goes for in Nigeria today. In the course of this article, we considered the fundamental things intending ACCA candidates need to know about the examination and most importantly how much the examination cost.