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ACCA Eligibility Criteria 2023 - Check Eligibility After 10th, 12th, Graduation, After CA

ACCA Eligibility Criteria 2023 - Check Eligibility After 10th, 12th, Graduation, After CA

Edited By Sansar Singh Chhikara | Updated on Sep 28, 2023 12:50 PM IST

ACCA Eligibility Criteria 2023- ACCA stands for Associate Chartered Certified Accountants. Candidates keen to get ACCA certification must understand the ACCA eligibility criteria 2023. Only those candidates who fill the eligibility criteria of ACCA 2023 will be allowed to take the exams. There are different ACCA 2023 exams and there are different eligibility criteria for them. Apart from the eligibility criteria, ACCA also specifies some exemptions for taking the exam. Read the complete article to find out the detailed ACCA course eligibility, ACCA eligibility after graduation, ACCA eligibility for Indian students. Also, learn about the exemptions offered to candidates and eligibility criteria for exemptions.
Also check: Full Form of ACCA

ACCA Eligibility Criteria 2023 - Check Eligibility After 10th, 12th, Graduation, After CA
ACCA Eligibility Criteria 2023 - Check Eligibility After 10th, 12th, Graduation, After CA

Levels of ACCA 2023 exams

There are a total four levels in ACCA 2023. Foundation in Accountancy is the very first level of ACCA exams for those looking to pursue the course after Class 10 and students from non-accountancy backgrounds. Basically, there are three levels for non FIA routes in ACCA courses - Knowledge Level, Skill Level and Professional Level. Candidates will be required to pass a total of 13 exams in these levels to get ACCA certification. The list of ACCA subjects and levels has been given below:

ACCA Levels and Exams

Level

Exams

Foundations in Accountancy

ACCA Diploma in Financial and Management Accounting (RQF Level 2)

ACCA Diploma in Financial and Management Accounting (RQF Level 3)

ACCA Diploma in Accounting and Business (RQF Level 4)

Certified Accounting Technician (CAT)

Knowledge Level

Business & Technology

Management Accounting

Financial Accounting

Skill Level

Corporate and Business Law (LW)

Taxation (TX)

Performance Management (PM)

Financial Reporting (FR)

Audit and Assurance (AA)

Financial Management (FM)

Professional Level

Strategic Business Leader (SBL)

Strategic Business Reporting (SBR)

Optional Subjects in the Professional Level (Appearing for 2 exams Mandatory)

Advanced Financial Management (AFM)

Advanced Performance Management (APM)

Advanced Taxation (ATX)

Advanced Audit and Assurance (AAA)

ACCA Eligibility Criteria 2023

ACCA specifies the eligibility criteria for ACCA exams through its official website. Candidates must only apply for the ACCA 2023 exams after verifying the eligibility criteria. There are a total of 13 exams in ACCA and the eligibility criteria differs. The detailed eligibility for ACCA 2023 has been given below:

ACCA eligibility after 12th

  • Candidates must have passed their class 10+2 from a recognized board.

  • Candidates must have scored 65% marks in 2 subjects out of five including Accounts and Mathematics, and minimum 50% in the remaining 3.

  • Higher secondary certificate holders must score over 130 marks from 200 to be eligible to take the ACCA 2023 course.

ACCA after Class 10

  • Students who have completed their class 10 can also take the ACCA course after completing the ACCA Foundation in Accountancy diploma.

ACCA after graduation

  • Candidates pursuing graduation in Commerce i.e. B.Com, BBA, BMS are also eligible to take up ACCA exams.

  • BA/B.Sc. graduates from a recognized university can also take up the ACCA course, but they will have to take the ACCA Foundation diploma first.

ACCA for CA students

  • Students preparing for CA Foundation and CA Inter exams are also eligible to take up the course.

  • Chartered Accountants are also eligible to take the ACCA exam for added credibility and global advantage.

Age limit - The minimum age of candidates should be at least 16 years to be able to take up the ACCA Foundation diploma course.

ACCA Exemptions 2023

Students who hold some kind of degree in the field of accounts and commerce will get some exemptions for the ACCA certification. It basically means that such candidates will not be required to take some exams. However, there is a proper procedure to apply for exemptions by paying a fee. The exemptions for ACCA 2023 have been given below:

  • Students who have passed their class 12 will not be required to take the Foundational Diploma course of ACCA.

  • Candidates who have completed their graduation in Commerce will be exempted from ACCA Knowledge level exams like Business & Technology (BT), Management Accounting (MA), and Financial Accounting (FA) and Corporate and Business Law Exam of Skill Level Exam.

  • Candidates who are Chartered Accountants will be exempted from taking 9 exams out of the total 13 exams. Such candidates will only have to take the four exams of Professional Level.

  • Candidates who have cleared CA Intermediate exam will be exempted from Business & Technology, Management Accounting, Financial Accounting, Taxation, Audit and Assurance exams.

How to apply for ACCA exam exemptions?

Candidates who have qualified the above given degrees and are eligible for exemptions, can follow the below given steps to claim exemptions from some exams of ACCA 2023:

Check the cost: ACCA charges a fee for each exam and candidates will be required to pay an exemption fee for the particular exam from which they want exemption given they fulfil the conditions of exemption. Candidates can use the ACCA Exemption Calculator to find out the cost of the exemptions that they are seeking.

Prepare your documents: Next, candidates will be required to prepare all the documents of qualification to claim their exemption. This may include their graduation certificate or CA results or class 12 marksheets.

Move to Registration: Candidates can claim for exemptions at the time of their ACCA 2023 registration itself. Candidates will be required to upload the documents supporting their exemption and the required fee.

Frequently Asked Question (FAQs)

1. Are class 12 pass students eligible to take ACCA 2023 exams?

Yes, class 12 pass students are eligible to take up the exam given that they fulfil the marks requirements.

2. Do Chartered Accountants get exemptions in ACCA courses?

Yes, Chartered Accountants are required to take only 4 exams out of 13.

3. Can commerce graduates apply for ACCA 2023 exams?

Yes commerce graduates in BCom, BBA, BMS etc are eligible to take up the ACCA 2023 exams.

4. Can i do ACCA after 10th?

Yes, candidates can do ACCA after 10th given that they fulfill the eligibility criteria specified by the authorities.

5. Can a 12th pass apply for ACCA?

Yes, a 12th pass student can apply for ACCA.

6. Who is eligible for ACCA after degree?

All graduates are eligible to apply for ACCA.

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