ACCA Exemptions

System
System Posts: 100,534 🤖 Admin 🤖
edited June 18 in AAT student discussion
Does anyone know if you pass both business tax and personal tax if you get exemption from the taxtation paper in the new ACCA qualification.

Thanks

Comments

  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ACCA Exemptions

    I doubt it because exemptions awarded for AAT are largely limited to level 1 only.

    Kind regards
    Steve
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ACCA Exemptions

    Afraid not. I did both those options and just got exempted from level 1 as Steve says. You do far more in the ACCA business taxation paper than on both of those modules anyway, but I have to say that covering them at AAT really helps when you do take the tax paper at ACCA.

    Annette
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ACCA Exemptions

    Thanks for the replies.

    I thought that would probably be the case, but was trying to find information on the ACCA website, which seems very general and doesn't seem very usefull.

    I am hoping to complete AAT this June, and im lucky to have been offered either ACCA or ACA training.

    My initial thoughts are to go with ACCA because:-

    1) As far as I am aware you don't have to take and pass any of the exams together.
    2) Im working in practice at the moment but haven't ruled out a move to industry later in my career, and I think ACCA is a bit more flexible than ACA
    3) You can study towards a degree with ACCA - I have always had a personal ambition to obtain a degree, and I enjoy research.

    What does anyone else think - ACCA or ACA?
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ACCA Exemptions

    You seem to have done the right thing researching your chosen route. Well done.

    Prior to the new syllabus, you did have to take the final 3 exams together (which I had to do) and it was excruciatingly painful. I think the ACCA recognised the pressure this put on candidates and subsequently amended their policy in the new syllabus.

    I work in Practice and have worked in Industry and ACCA is excellent for both. It suited me because, yes ACA is geared more for Practice, but ACCA is more suited to both Industry and Practice. Working in practice (as you know) requires industry knowledge as well - most of my clients are in industry - thus ACCA does cater for both these needs, hence why I did it.

    I personally didn't do the degree they offered but I know people that are doing it and undeniably it is an excellent "bonus" as well.

    Good luck.

    Steve
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ACCA Exemptions

    ACCA are the only accounts body that dont sponsor the AAT so they have come up with CAT to competition it. So they dont advertise it on there Site politics sucks cause we are the ones who lose out !.

    yes you can do a degree but dont expect it to compete with normal degrees
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ACCA Exemptions
    blank wrote:
    yes you can do a degree but dont expect it to compete with normal degrees

    How come?

    It's still a Bsc honours degree isn't it?

    Ok, so you don't study for 3 years to get it but what you already have studied with ACCA gives you exemptions, so all you need to do is "top up" with the dissertation....
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ACCA Exemptions

    Thanks for the detailed reply Steve. I have never thought about the need for Industry related studying in those terms!

    I am also interested to hear the reasoning for the degree 'not being able to compete with normal degrees'.

    As far as I was aware it is a normal degree, in the sense that the results you gain in the exams, along with your research project will reflect in the degree clasification that you get.

    The only difference being the ACCA exams that you take count both towards the ACCA qualification and a degree.

    I am interested in others opinions for clarification.

    Thanks
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ACCA Exemptions

    Annette (bluewednesday) is doing the degree ACCA offer alongside her studies. Annette will be able to give you a more detailed insight about it but as far as I am aware it is a bona fide 100% degree.

    Kind regards
    Steve
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ACCA Exemptions

    Hi Steve and all

    The degree is a bone fide degree but I think it is viewed as slightly less in the eyes of some accountancy firms because of the way in which it is obtained. I guess it's the same as if you had a degree from a poly it was viewed as less of a degree than that from a uni (in the olden days when there was a difference)!

    It's just a case of how it is viewed rather than what it is!

    Annette
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ACCA Exemptions

    This is for Annette. At the age of 42 is it too late to further my accountancy ie ACCA as I really want to further my studies hopely after qualifying this June

    Otsua
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ACCA Exemptions

    I'm just taking my level 3 papers at the grand old age of 38 so I would say it's not too late, I have never been the oldest person on any course I've done.

    Go for it!
  • System
    System Posts: 100,534 🤖 Admin 🤖
    Re:ACCA Exemptions

    Thanks Annette

    You are such an encouragement. Will go for it.

    Otsua :wink:

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