ACCA INDIA

Frequently Asked Questions (FAQs)

ACCA FACTS

162,000 members

428,000 students 173 countries 8,500 approved employers

The ACCA Qualification is widely recognised in and outside India. We believe that the success of our members is what makes us a coveted qualification globally. Many of our members work with leading Indian and multinational organisations in and outside India. You can read some of the Indian member profiles here http://www2.accaglobal.com/india/members/members/

ACCA helps you develop the 10 key competencies (as shown in diagram above) which are required by employers today. Each of these areas are covered in the ACCA Qualification syllabus, which allows you to become a complete finance professional and work your way to the top of an organisation.

WHY ACCA ACCA IN INDIA

The ten key competencies

The global body for professional accountants

Professionalismand ethics

Law andtaxation

Sustainablemanagementaccounting

Corporatereporting

Strategyand

innovation

Financialmanagement

Audit andassurance

Stakeholderrelationship

management

Governance,risk andcontrol

Leadershipand

management

GLOBAL ACCA is globally recognised which means opportunities around the world. And our unrivalled network of 89 offices means that youll get local support where you need it.

RIGOROUS ACCA qualifications provide you with the fundamental skills all accountants should master and required by employers before specialising in the area relevant to your employment.

RESPECTED Weve been around for over 100 years and have a reputation for developing ethical finance professionals with the skills and knowledge to grow businesses.

FLEXIBLE You can study full-time or part-time, through face-to-face tuition or distance learning. We give you the flexibility to choose the right study options for your situation.

OPPORTUNITY The breadth of the syllabus means that you will have skills to work across a range of sectors including corporate, practice, public and financial services, creating more career opportunities.

STUDYING WITH ACCA

Q I HAVE NO PREVIOUS FORMAL QUALIFICATIONS CANI STUDY ACCA?

Q I HAVE COMPLETED AN UNDER GRADUATE/POSTGRADUATE/OTHER PROFESSIONAL QUALIFICATIONS CAN I GET ANY EXEMPTIONS?

Q I HAVE JUST COMPLETED MY SCHOOLING.CAN I STUDY ACCA?

Q WHY SHOULD INDIAN CAS STUDY ACCA?

If you have no formal qualifications, you can begin the ACCA qualification by enrolling as Foundations In Accountancy Student. You can find more information here: http://www.accaglobal.com/en/qualifications/glance/foundation-level/overview.html

If you have completed your bachelors, masters or hold qualification from other bodies, then you will be entitled to exemptions. To check how many exemptions you can claim, please click on the link below and enter your institute name. Follow the steps thereafter to find out your exemptions. However, please note that until you are registered with ACCA as a student the exemptions will not be finalized or reflected on your account. www.accaglobal.com/exemptions

To begin studying ACCA after school, you must have the following Two A Levels and three GCSEs (or their equivalent) These need to be in five separate subjects including English

and Mathematics

OR

If you hold any of the following certificates providing passes are held in 5 subjects (at least 3 in Year XII) including English and Mathematics / Accounts, mark of 65% in at least 2 subjects and over 50% on the others

If you are an Indian CA since May 2003 or a passed finalist then you are exempted from 9 papers out of the 14 in the ACCA qualification. You are directly eligible to begin your ACCA qualification at the professional level and progress to your ACCA membership through just 5 papers.

If you are an IPCC cleared student then you are eligible to get exemptions from F1-F3 papers of the ACCA qualification. To apply for the ACCA course, you can click on this link and fill out the online application form www.accaglobal.com/applynow

The ACCA qualification helps Indian CAs in the following ways

International recognition Indian CAs also studying the ACCA qualification broadens their career options. As an ACCA member, they are able to undertake more diverse roles, work in more diverse industries as well as work with multinational organizations that require expertise of finance professionals who are trained with international standards.

Flexibility an Indian ACCA needs to give only 5 papers (professional level) of The ACCA Qualification in order to gain their ACCA membership. The CA articleship counts towards the ACCA Practical Experience Requirement (PER).

Exams - exams are not held in groups. You will only reappear for modules you havent cleared when appearing for ACCA exams.

Q WHERE CAN I FIND BOOKS IN INDIA?Usually the tuition providers can get you books in India if you are enrolled with them. If you are self studying then you can find all information about books here http://www2.accaglobal.com/india/students/current/

Full details about course syllabus, practical experience requirement and online ethics module can be found here http://www.accaglobal.co.uk/en/qualifications/glance/acca/details.html

Q WHAT IS THE TIME FRAME TO COMPLETE ACCA?The ACCA qualifications have 14 papers in total. You can take exams twice a year and up to 4 exams in each session. Keeping this in mind, you can finish your exams in a minimum of 2.5 years. You may also get some exemptions depending on your previous qualifications which mean you can also complete the qualification sooner. However, in order to attain the ACCA membership, you should also complete the Ethics modules and have 3 years or 36 months practical work experience which you can gain before, alongside or after your studies.

Q WHERE CAN I STUDY?Learning providers we have a range of learning providers in India. We also have suitable distance learning options about which you can read here http://www2.accaglobal.com/india/students/current/

10+2 India School Certificate Intermediate Certificate Higher School Certificate Higher Secondary Certificate All India Senior School Certificate Pre-University Course

INDIAN CAs

SITTING EXAMS

EXAM ENTRY DEADLINES

Q DO I HAVE TO GIVE EXAMS IN INDIA OR UK?

Q WHAT ARE COMPUTER BASED EXAMS?WHY SHOULD I GIVE THEM?

Exams can be taken in India at any/nearest British Council. We also have developed Computer Based Exam centers at various locations in India. If during the course of the study, you have an opportunity to relocate for work or other commitments, you can let your national office know who can help you find a suitable learning partner and exam center in the new city.

MEMBERSHIP ADDITIONAL SUPPORT

Q CAN I BECOME AN ACCA MEMBER ONCE I COMPLETEMY ACCA EXAMS?

To become an ACCA member, you must

Clear all the 14 papers (in case you are not entitled to exemptions)

Complete the online professional ethics module. This can be done during or after the course

Complete your practical experience requirement (PER) - 36 months of relevant work experience in finance or accountancy role

When you register as an ACCA student you will get access to a range of resources and support, including:

Student Accountant digital magazine

syllabuses and study guides

past exam papers

Facebook where you can network with other students

face to face events

guidance and support for finding and recording relevant work experience

Q WHAT SUBJECT VARIANTS ARE AVAILABLE FOR INDIAN STUDENTS?We have subject variants available for Tax and Law. You can read more here http://www.accaglobal.com/en/student/acca-qual-student-journey/exams/variant-papers.html

Q WHAT DO I HAVE TO DO ON TOP OF THE ACCA QUALIFICATION TO ACHIEVE THE BSc DEGREE FROMOXFORD BROOKES?

If you didn't study an undergraduate degree course at university,then you can still have the chance to gain a degree while studyingto become a qualified accountant with ACCA.

We have a partnership with Oxford Brookes University. This means you cangain a BSc (Hons) degree in Applied Accounting while you work towards achieving your ACCA Qualification. And you won't have to double your workload. It is the perfect way to enhance your ACCA Qualification and broaden your skills set.

To attain your BSc degree, you must:

Be registered with Oxford Brookes University ie opted-in to the BSc degree scheme before passing any of the three ACCA Fundamentals papers, F7, F8 and F9. You are not eligible for the degree if you have claimed exemptions from any of these papers.

Pass the three ACCA Fundamentals papers F7, F8 and F9 and pass the other papers as required to successfully complete all nine Fundamentals level papers.

Complete the ACCA Professional Ethics module according to the Research and Analysis Project submission dates.

Complete and pass the Oxford Brookes University Research and Analysis Project.

Computer-based exams (CBEs) are available for the first seven Foundation-level exams. These are the exams required for the Introductory Certificate in Financial and Management Accounting (FA1, MA1); the Intermediate Certificate in Financial and Management Accounting (FA2, MA2); and the Diploma in Accounting and Business (FAB, FMA and FFA).

These exams are also required for the Certified Accounting Technician qualification. CBEs are also available for the ACCA Knowledge module exams (F1, F2 and F3) of the ACCA Qualification.

Exam entry period

June exam session

December exam session

Exam entry method

Early

8 March

8 September

online only

Standard

9 March - 8 April

9 September - 8 October

online and paper

Late

9 April - 8 May

9 October - 8 November

online only

ACCA qualified professionals are well equipped to perform and take on a variety of roles expected of finance professionals internationally and in India. The ACCA qualification does not however,qualify you to become a member of the Institute of Chartered Accountant of India (ICAI).

Certain activities are statutorily reserved for members of the ICAI, which include - Audit of accounts and other statutory functions under Companies Act, 1956- Tax Audit and other certification under the Income Tax Act, 1961

As an ACCA member you are entitled to use the designation ACCA (Associate) or FCCA (Fellow) as applicable, which is distinct from the designation Chartered Accountant as it is understood within Indian Statute.

COSTS

FEES ACCA initial registration fees - 79 ACCA annual subscription fees - 81 Reinstatement fees - 79

EXAM FEESEnter for your exams anytime and online. The earlier you do it the more money you save.

EXEMPTION FEES LOANS FOR STUDYING ACCA

You will be required to pay fee for each exemption ACCA awards you. This will be the same as the early exam entry fee. Please refer to the table above to estimate your exemption fees or find more detailed fee information here www.accaglobal.com/fees For more FAQs please visit http://www.accaglobal.com/en/help.html

QUICK LINKS

ACCA global website www.accaglobal.com

ACCA India website - http://www2.accaglobal.com/india/

ACCA India facebook page www.facebook.com/ACCA.India

ACCA exemptions database www.accaglobal.com/exemptions

ACCA fees in detail www.accaglobal.com/fees

ACCA India member brochure - http://www2.accaglobal.com/documents/journey_success_v2.pdf

Email indiainfo@accaglobal.com

ACCA India toll free number 000 800 100 4298

To help you fund your ACCA qualification, we have also partnered with Avanse and Credila so that ACCA students can borrow student loans for studying the ACCA Qualification. You can find more information about this on our India website http://www2.accaglobal.com/india/

Exam level

Knowledge(F1 - F3)

Skills(F4 - F9)

Professional(P1 - P3 and any two fromP4 - P7)

Exam entry period

Early

Standard

Late

Early

Standard

Late

Early

Standard

Late

June 2014 exam fee (per exam)

69

74

225

87

93

245

100

108

259

December 2014 exam fee (per exam)

69

74

225

87

93

245

100

108

259

Easy to remember dates

The closing dates for early, standard and late exam entry period are easy to remember 8 is the date!

We've introduced fees for exam entry that are based on the dates above. These will apply to you when you want to enter for exams after you have registered for the ACCA Qualification.