If you have some qualifications already, you may not be subjected anymore into taking the examinations in ACCA Qualification or in awards of Accountancy Foundation. All of these are called ACCA exemptions which mean that you have the privilege to start at once your studies at the appropriate level for your skills and knowledge. Also, you can claim exemptions on a practical experience basis if you are wishing to complete the CAT Qualification. Hence, you need to pay for the exemption fee of each paper that was awarded. The exemption fees will be charged during the early examination entry fee.
Exemption is a merit award and the ACCA reserves its right in changing its policy along this exemption or the exemption level awarded into the accredited programmes in its discretion.
Why Does the ACCA Award these Exemptions?
There are some ways to the membership of ACCA and a lot of students take prior learning that is equivalent to several ACCA papers. The ACCA is wishing to make sure that the entry points of students match their skills and knowledge that they have attained from their past qualifications. By doing this, the students are provided with the fastest possible way to membership.
What Kind of Qualification does the ACCA Exemption Award to?
Some of the examples that can receive the ACCA Exemption Award are as follows:
1-Foundation Degrees.
2-Diplomas and Certificates (Awarded by Some Recognized Institutions).
3-Bachelor Degrees.
4-Qualifications of Post Graduate.
5-Professional Qualifications.
What are these Available Exemptions?
Nine papers minimum along the ACCA Qualification Fundamental level may be awarded. In preserving the rigour and integrity of the ACCA Qualification and ensuring that all of the students are sharing common experience, exemptions are not being awarded to Professional level.
Exemptions along the 3 levels of CAT Qualification may be considered but it will depend on the equivalence and standard of such qualification that is held.
What Kind of Supporting Documents Does One Need to Bring with Him During the Exemption Application?
1-You should send a proof that is official of any qualification that you have already with you so that it will be assessed right away if you are entitled for such exemptions. You must submit several copies of your academic transcripts as well as any award certificates as a proof.
2-Only those copies of your official document that is signed as well as stamped by such awarding body may be accepted. This would include then an online print out of your academic transcripts.
3-If you have a documentation that is not in English form, it should then be translated officially prior to your submission. The official translation should be stamped then signed by your respected translator.
4-Lastly, you must ensure that your original documents are not to be submitted during your application process because the ACCA will not take any responsibility in returning your irreplaceable documents. You are allowed to email your scanned copy of your pertinent documents when applying for the ACCA Exemption.
Author Resource:
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