NEW TO ACCA?

The idea behind this blog is to encourage students taking ACCA and other professional accounting exams, share experiences, and to learn from each other.

(Seems obvious now), but it really didn’t occur to me that people who had not yet started their journey, but were interested would read this blog. Thank you to those who emailed for pointing it out.

Now, the emails I got were from a couple of people who were seriously contemplating registering with ACCA but have not so far, because of lack of the right kind of information.

WHERE DO I START – ACCA QUALIFICATION, OR FOUNDATION?

Most prospective students choose to start with the ACCA qualification, because they already have a degree (and wish to claim exemptions), or they are confident of their knowledge of the basics of accounting.  The ACCA qualification is not just for those with a university degree; people with A-levels & GCE/O Levels can apply through this route. This however may not be an option for most students in West Africa, as we do not do A levels.

If you do not have a degree, or A levels, or do not feel confident of your basic accounting knowledge the Foundation level is for you. If you are going through foundation level, don’t worry about people going directly through the ACCA qualification route getting ahead of you, because you get to skip the 1st 3 papers of the ACCA qualification on completing the foundation level.

For more details on both, check here, and here

 

HOW TO REGISTER: CAN I DO IT MY SELF/DO I NEED TO PAY A CONSULTANT?

YES YOU CAN! & NO YOU DON’T NEED TO!

All you need can be done online, with time, and patience. Once you have decided which route to take, you can apply online.

The application page even has a list of all the documents and what you need to know before you apply, so it’s simple really! Once you click on’ start application’, be sure to choose either ACCA qualification, or the Foundations in accountancy. Follow the process through, and you are done. 

Here’s another post on registration.

 

PAYMENTS, HOW DO I PAY/I NEED AN AGENT/CONSULTANT TO PAY FOR ME?

I say- Enough with the consultants/agents! For most people I’ve met living outside the EU, America etc, the challenge  usually is how to pay GBP – Pound sterling when they do not have access to  foreign exchange. If you live anywhere in Africa, and have a bank account, you can get a VISA© or MasterCard©, and pay online yourself the costs of the transaction will be deducted by your bank, or alternatively, you can go into one of the larger banks, and they will sort you out.

 

EXEMPTIONS

The idea of being able to get a pass for one or more ACCA papers, without having to take the exams sounds good to most of us. There are however a few  things you should know:

  • Getting exemptions saves only the time  spent doing the exams; each individual exemption is paid for. If you get exempted from one or more ACCA papers, you have to pay the exam fees for each paper.
  • It is better to apply for exemptions before attempting any ACCA exams.
  • There is no point needlessly worrying about exemptions; one way or the other; you’ll know when you apply. You can check , to see if your university course is recognised by ACCA for exemption purposes.

Please go to ACCA for more details on exemptions.

 

© countingonaccounting and Nuan Moji, 2013. The unauthorised use and/or duplication of this material without express and written permission from this blog’s owner is strictly prohibited. Excerpts & link may be used, if full & clear credit is given to Nuan Moji (blog owner), and countingonaccounting, with appropriate and specific direction to the original content.

 

 

 

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