It is easy to see why ACCA ranks among the most sought after international examinations in the Accounting industry today. Apart from the fact that the examination is internationally recognized, the trainings and eventual series of examinations expose experts in the field to a deeper knowledge of accounting and its application.

With a lot of professionals in the accounting field beginning to pay more attention to this international certification, it is essential to take a look at how much each level goes for in Nigeria today. In this post, we will consider basic things aspiring ACCA candidates need to know about the examination and how much each paper goes for.

What is the cost of ACCA in Nigeria?

ACCA is one of the most sought after international exams in the finance and accounting industry today and will likely stay that way for the foreseeable future. With an international that accompanies the exam, it is easy to see why Nigerians tend to lean towards this in favour of other local accounting certifications.

The examination comes in various levels, with each level bearing their own costs. This section focuses on how much is required to register and sit for the examination, breaking down amounts for each of the levels.

Cost of Registration

The cost of registration is the first fee you are required to pay when registering for ACCA. Candidates are expected to pay this fee only once. It should be noted that this fee has to be paid before you are allowed to even complete your registration and sit for the first level of the examination. As it stands, the registration fee is £79 when you apply for the first stage of the exam. You should note that you are not required to pay for the enrolment fee again when registering for subsequent levels.

 Annual Subscription Fees

Apart from the registration charges and fees per paper, candidates are expected to pay an annual charge of £105 for subscription. This charge must be paid each year to keep your student status active. Your studentship status might be suspended if this charge is not paid within the stipulated period.

Re-registration Charge

This is a penalty charge for students who did not pay the annual subscription fee as at when due.  ACCA students who did not pay the annual registration fee when due will have their names deleted from the formal ACCA register and would need to pay a re-registration fee plus all unpaid fees to be re-established as a student.

ACCA Examination Fees

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

It is also important to note that candidates are expected to pay exemption charges. An exemption fee is charged for each ACCA exam you are given exemption from. The charges are as below:

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

ACCA Fees For Members

ACCA affiliates Subscription – This fee is payable for up to three years after you gain membership status. You are expected to pay £123 for the ACCA affiliate subscription charge.

Admission to Membership – To be admitted as an official member of ACCA, candidates are expected to pay £246. Note that the charge is payable on successful admission to affiliation.

Annual subscription – All members are expected to pay an annual fee of £246.

Reduced subscription – In certain situations, affiliates may apply to pay a reduced yearly subscription fee of £55. Certain conditions have to be met to qualify affiliates to pay this amount.

Reinstatement Fee – Whenever a member is suspended, maybe due to non-payment of yearly subscription or other related issues, the member is required to pay £55 reinstatement fee in addition to the entire amount he or she owes.

What you should know about ACCA

The Association of Chartered Certified Accountants (ACCA) was established in 1904. The international body offers the qualification of Chartered Certified Accountants. The body spreads across 173 countries all over the world. ACCA offers qualification on the subjects of accountancy, finance, and management.

The certification generally requires passing up to 14 exams. The examinations for ACCA Qualification are held every six months, usually in June and December every year. All of the tests are paper-based, although the first three examinations (F1, F2, and F3) can also be taken as computer-based and they are held through the year.