Before delving into the current costs associated with ACCA certification examinations in Nigeria, it’s essential to provide an overview of the Current Cost of ACCA program itself. The Association of Chartered Certified Accountants (ACCA) is a prestigious professional qualification in the accounting field, recognized globally and highly sought after by aspiring accountants.
Overview of ACCA
Established in 1904, ACCA operates in 173 countries and is dedicated to promoting the accounting profession. The ACCA qualification covers various aspects of finance, accounting, and management, equipping professionals with the necessary skills and knowledge. Candidates typically need to complete up to 14 examinations to achieve full qualification. These exams are usually held quarterly, with paper-based assessments and, for the first three levels (F1, F2, and F3), computer-based options also available year-round.
Current Cost of ACCA Examination in Nigeria 2025
For those interested in pursuing ACCA certification, understanding the cost structure is crucial. Below, we break down the costs associated with registration, subscription, examination fees, and more.
1. Cost of Registration
The registration fee for ACCA is a one-time payment required when applying for the first level of the exam. Currently, this fee is approximately £79. Subsequent levels do not require additional registration fees.
2. Annual Subscription Fees
In addition to registration, candidates must pay an annual subscription fee of £105 to maintain their student status. Failure to pay this fee on time could result in the suspension of their student status.
3. Re-enrollment Charges
If a candidate fails to pay the annual subscription fee, they may face re-enrollment charges, including a fee to restore their student status along with any unpaid dues.
ACCA Examination Fees
The examination fees vary depending on the level of the exam. Here’s a summary of the costs for each examination:
- Applied Knowledge Exams (LW, PM, TX, FR, AA, FM)
- Early registration: £114
- Standard registration: £120
- Late registration: £307
- Strategic Professional Exams (SBL, SBR, AFM, APM, ATX, AAA)
- Early registration: £147
- Standard registration: £155
- Late registration: £350
- SBL Exam (Strategic Business Leadership)
- Early registration: £188
- Standard registration: £199
- Late registration: £321
ACCA Exemption Charges
Candidates may also encounter exemption charges, which vary based on the level of examination:
- Applied Knowledge Exams: £76
- Applied Skills Exams: £103
ACCA Fees for Members
Once candidates achieve membership status, they need to pay the following fees:
- Affiliates Subscription: £123 (for up to three years post-affiliation)
- Admission to Membership: £246
- Annual Subscription for Members: £246
- Reduced Subscription: £55 (available under specific conditions)
- Reinstatement Fee: £55 (if suspended due to non-payment or other issues)
Conclusion
As the interest in ACCA certification grows among accounting professionals in Nigeria, understanding the associated costs is vital for prospective candidates. This article outlines the essential fees and charges linked to the ACCA examination, helping aspiring accountants plan their journey toward achieving this esteemed qualification. With its global recognition and comprehensive curriculum, ACCA remains a top choice for those looking to advance their careers in accounting.
