Cost Of Writing ACCA Exams In Nigeria (2020)

In this article, the cost of writing ACCA exams in Nigeria this 2020 shall be our centre focus. This accounting certification examination is very revered the world over and as we proceed, we will be looking at the history of ACCA, its importance, the cost of registering for the exams and other relevant fees that one needs to pay in order to sit for the exams.

Cost Of Writing ACCA Exams In Nigeria

ACCA: BRIEF OVERVIEW

ACCA is an acronym that stands for the Association of Chartered Certified Accountants, and this professional accounting body was established in the year 1904. It is an international accounting organization that offers the qualification/certification of Chartered Certified Accountants, which is present in as many as 173 countries worldwide. Though ACCA is known as mainly as an accounting body, it also offers certification in finance and management.

Having understood what ACCA stands for, let us now briefly talk about their certification proper. ACCA certification in Nigeria requires that an individual passes up to 14 exams, and the exams for ACCA qualification are held every six months, one in June and the other in December every year, with all the tests being paper-based. Even if all the tests are paper-based, the first three, which are F1, F2, and F3 can be taken as computer-based tests (CBT), and they are held all through the year.

COST OF WRITING ACCA CERTIFICATION EXAMINATION IN NIGERIA TODAY

As aforementioned, ACCA accounting certification examination is one of the most highly ranked and most sort after among accountants internationally because it is recognized on the global stage and it exposes many accounting graduates to new levels of core accounting and the application thereof.

This has seen many professionals in the field of accounting give keen interest to this international examination as a way to further increase their knowledge as well as their credentials as some of the best in this profession, and knowing how important this certification is to many Nigerians, it is important to discuss just how much it will cost to write the ACCA exams for each level in Nigeria presently.

Below are the various costs for writing ACCA accounting certification examination in Nigeria this 2020 bearing in mind that the exams come in levels:

COST OF ACCA REGISTRATION IN NIGERIA

The cost of registering for ACCA exams in Nigeria currently is £36, and this is applicable when you apply for the first stage of this professional accounting certification examination. Once this payment has been made, you will not be required to pay another registration fee again when enrolling for other levels.

COST OF ACCA ANNUAL SUBSCRIPTION FEES IN NIGERIA 

This payment is different from your registration fee and it is paid to keep your status as a student in the ongoing examination certification process active. It costs £112 for your annual subscription fee and this amount must be paid each year as long as your student status is still active and failure to do so may result in your student status being suspended. There is also a reduced annual subscription fee and this payment applies to new students in their first year only. Payment for the reduced annual subscription fee costs £63.

ACCA RE-REGISTRATION FEE

The ACCA re-registration fee is the amount paid as penalty for students who did not initially pay the annual subscription fee as at the time when it was due. ACCA students who fail to pay their fees when due will have their names removed from the ACCA register and must pay a re-registration fee (plus any unpaid fees) to be reinstated as a student. This fee costs £89.

ACCA EXEMPTION FEES

An exemption fee is charged for each ACCA exam you are awarded exemption from. The fee is chargeable per exemption awarded. For ACCA applied knowledge exams such as Business and Technology (BT), Management Accounting (MA) and Financial Accounting (FA), the exemption fee is £40, while for ACCA applied skills exams such as Corporate and Business Law (LW), Performance Management (PM), Taxation (TX), Financial Reporting (FR), Audit and Assurance (AA), and Financial Management (FM), the exemption fee is £58.

OTHER ACCA EXAMINATION FEES

ACCA EXAM: CORPORATE AND BUSINESS LAW (LW) 

  • Early entry – £111
  • Standard entry – £117
  • Late entry – £299

ACCA EXAM: PERFORMANCE MANAGEMENT (PM)

  • Early entry – £111
  • Standard entry – £117
  • Late entry – £299

ACCA EXAM: TAXATION (TX)

  • Early entry – £111
  • Standard entry – £117
  • Late entry – £299

ACCA EXAM: FINANCIAL REPORTING (FR)

  • Early entry – £111
  • Standard entry – £117
  • Late entry – £299

ACCA EXAM: AUDIT AND ASSURANCE (AA)

  • Early entry – £111
  • Standard entry – £117
  • Late entry – £299

ACCA EXAM: FINANCIAL MANAGEMENT (FM)

  • Early entry – £111
  • Standard entry – £117
  • Late entry – £299

ACCA EXAM: STRATEGIC BUSINESS LEADER (SBL) 

  • Early entry – £194
  • Standard entry – £206
  • Late entry – £332

ACCA EXAM: STRATEGIC BUSINESS REPORTING (SBR) 

  • Early entry – £140
  • Standard entry – £147
  • Late entry – £332

ETHICS AND PROFESSIONAL SKILLS MODULE

  • Fee – £65

ACCA EXAM: ADVANCED FINANCIAL MANAGEMENT (AFM) 

  • Early entry – £140
  • Standard entry – £147
  • Late entry – £332

ACCA EXAM: ADVANCED PERFORMANCE MANAGEMENT (APM) 

  • Early entry – £140
  • Standard entry – £147
  • Late entry – £332

ACCA EXAM: ADVANCED TAXATION (ATX)

  • Early entry – £140
  • Standard entry – £147
  • Late entry – £332

ACCA EXAM: ADVANCED AUDIT AND ASSURANCE (AAA) 

  • Early entry – £140
  • Standard entry – £147
  • Late entry – £332

For more information, you can visit accaglobal.com to see all the expanded ACCA fees for Nigerians this 2020.

The Author

Maduawuchi Obialo

Maduawuchi Obialo is the founder of Nigerian Guide and an Editor at Nigerian Infopedia. He is a professional Web Content Developer and a Biochemist.

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