ACCA Examination Registration Fees And Other Costs Applicable In Nigeria

ACCA is an international professional body that is focused on building and training accountants globally. To become a member of this body, there are examinations to write. It is good to know the cost implications and the necessary fees a student will be required to pay before taking the decision to follow that career path. ACCA examination registration fees applicable to Nigerians is our main focus in this article. 

A Brief Overview of ACCA

ACCA means Association of Chartered Certified Accountants that was established in 1904. It gives training, qualifications and certifications to Chartered Certified Accountants. ACCA is an accounting body but can also offer certification in finance and management.

In Nigeria, candidates that are aspiring to be ACCA certified are required to pass up to 14 papers in paper-based exams. These exams are conducted every six(6) months in June and December every year. Although the examinations are paper-based, F1, F2 and F3 which are the first three papers can be taken as computer-based (CBT)

ACCA certificate is one of the most valued, highly ranked and sort after with international recognition. ACCA certification gives its graduates a new level of exposure to core accounting principles and application.

Many professional accountants in Nigeria value and have an interest in ACCA international examination and certification. This is because they want to expand their knowledge and experience in the profession. It is also a way of building up their credentials for important and high placed job opportunities.

Because of the importance attached to this qualification both in and outside the shores of Nigeria. it is very important to discuss ACCA examination registration fees and other related costs of being certified in Nigeria. We will be discussing the expected costs of writing an examination and getting the certification in Nigeria.

The ACCA Examination Registration Fees In Nigeria

There are fees that candidates are required to pay before sitting for any ACCA exams. Other costs associates with maintaining your status as a student.

The Initial ACCA Examination Registration Fees

The initial cost of registering for the ACCA examination to acquire the certificate in 2021 is thirty-six pounds (£36). After making the payment, there is no other payment you will be required to make when registering for other levels.

Cost Of Annual Subscription In Nigeria

As a student member of ACCA, you are expected to be paying for your subscriptions annually to enable you to maintain your status as a student. You will continue making this payment until the certification process is over. The annual subscription costs one hundred and twelve pounds(£112) which must be paid each year as long as you remain an active student. New students also pay a lower amount of subscription in their first year only. The cost of the annual subscription for new students is sixty-three pounds(£63).

Cost Of ACCA Re-registration

Re-registration fees is the payment made by candidates that did not pay the initial registration fees as at when it was due. When a candidate fails to pay their fees at the proper time, their names will be removed from the ACCA register. For your name to be restored as a student in the list, the candidate must pay a re-registration fee of eighty-nine pounds (£89) which must include the initial fees not paid earlier.

Cost Of ACCA Exemption

For each exam paper ACCA awards exemption on, you are expected to pay a stated exemption fees. For those applying for Applied Knowledge exams and has secured exemption, the cost of the exmption is forty pounds(£40). While Applied skills will pay fifty pounds for the papers they were granted exemptions.

Other ACCA Examination Fees And Associated Costs

ACCA Examination: Performance Management(PM)
Early Entry - £111
Standard Entry - £117
Late Entry - £299

ACCA Examination: Corporate And Business Law(LW)
Early Entry - £111
Standard Entry - £117
Late Entry - £299

ACCA Examination: Taxation(TX)
Early Entry - £111
Standard Entry - £117
Late Entry - £299

ACCA Examination: Financial Management(FM)
Early Entry - £111
Standard Entry - £117
Late Entry - £299

ACCA Examination: Audit And Assurance(AA)
Early Entry - £111
Standard Entry - £117
Late Entry - £299

ACCA Examination: Financial Reporting(FR)
Early Entry - £111
Standard Entry - £117
Late Entry - £299

ACCA Examination: Advanced Audit And Assurance(AAA)
Reporting(FR)
Early Entry - £140
Standard Entry - £147
Late Entry - £332

ACCA Examination: Strategic Business Leader(SBL)
Early Entry - £194
Standard Entry - £206
Late Entry - £332

ACCA Examination: Advanced Taxation(ATX)
Early Entry - £140
Standard Entry - £147
Late Entry - £332

ACCA Examination: Strategic Business Reporting(SBR)
Early Entry - £140
Standard Entry - £147
Late Entry - £332

ACCA Examination: Advanced Performance Management(APM)
Early Entry - £140
Standard Entry - £147
Late Entry - £332

ACCA Examination: Advanced Financial Management(AFM)
Early Entry - £140
Standard Entry - £147
Late Entry - £332

Ethics And Professional Skills Module
Fees - £65