If you have completed your CPA (you’re now a CPA-K) and want to take the next step by taking an ACCA qualification, you may be aware that ACCA gives exemptions to CPA-K holders in several papers.
This obviously shortens the time it takes to complete your ACCA course significantly.
So, what are the available ACCA exemptions for CPA Kenya holders?
I enquired from ACCA a while back and I was given a breakdown of the papers you can be exempted in by the virtue of having completed the CPA course in Kenya.
Here it is:
ACCA exemptions for CPA Kenya – units you’re exempted from
Based on the year you completed your final CPA exam, you are likely to be eligible to be awarded 9 exemptions out of the usual 13 papers students taken in ACCA.
Below are the units you will be exempted from at the various ACCA modules and the normal charges:
Applied Knowledge ACCA Module
- Accountant in Business (AB)
- Management Accounting (MA)
- Financial Accounting (FA)
The fee you should pay for each unit you’re exempted from here is €80.
Applied Skills ACCA Module
- Corporate and Business Law (CL)
- Performance Management (PM)
- Taxation (TX)
- Audits and Assurance (AA)
- Financial Reporting (FR)
- Financial Management (FM)
The fee you should pay for each unit you’re exempted from here is €111.
After these exemptions, you will only need to pass the following papers:
Strategic Professional Essential ACCA Module
Here you have to pass both essential units. These are:
- Strategic Business Reporting(SBR)
- Strategic Business Leader(SBL)
The exam fee you should pay for the SBR and SBL units is €140 and €196 respectively.
In addition, you are required to take any two units from these 4 optional units:
- Advanced Financial Management(AFM)
- Advanced Performance Management(APM)
- Advanced Taxation(ATX)
- Advanced Audits and Assurance(AAA)
The exam fee you should pay for any unit here is €140.
The other two items you need to pay for are:
- Registration fees- €79
- Ethics & professional skills module – €62
- Annual subscription- for the 1st Year of studying- €55
A word on the exemptions fees
Now, ACCA occasionally offers waivers to CPA-K holders and that reduces the total exemption fee by a significant amount.
You can save up to kshs.84000 if you are lucky to get the waiver.
Kindly contact ACCA through 0790207479 to confirm if the offer is currently available and how to apply.
Work anywhere on the planet- ACCA has an excellent worldwide reputation and their rigorous qualifications are respected across the planet.
When you join, you join a diverse body of over 220,000 members and 527000 students distributed in 179 countries.
Stand out from the crowd- Employers worldwide seek out ACCA qualified professionals because they demonstrate technical skills, strategic thinking, and professional values needed to drive their firms forward.
Indeed, ACCA currently works with more than 7400 approved employers and has entered in partnerships with over 80 accountancy firms worldwide that connect their members to thousands of job vacancies locally and abroad.
Supported by high quality tuition- You study through approved learning partners so you will have a helping hand every step of your ACCA journey.
ACCA Kenya office contacts
To obtain more information about ACCA exemptions for CPA Kenya, get in touch with ACCA through the following details:
Location: Zep-Re Place (1st Floor), Longonot Rd, Upper Hill
Telephone: 0736730731, 0724255918
ACCA Kenya Facebook: https://web.facebook.com/ACCA.Kenya/
To check updated fees: visit https://www.accaglobal.com/pk/en/qualifications/accountancy-career/fees/fees-charges-kenya.html?countrycode=Kenya#expander
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