3. Accounting qualification costs?

How much does it cost?

Please note this does not include: one off registration fees, exam exemption fees, revision courses, question based days or re-sit costs. Highest value option papers will be used as will standard exam fees.

  • Association of Accounting Technicians (AAT) £8,303
  • Foundations in Accountancy (FIA/CAT) £3,962
  • Association of Taxations Technicians (ATT) £4,260
  • Chartered Institute of Public Finance and Accountancy (CIPFA) £10,471
  • Chartered Institute of Management Accountants (CIMA) £15,982
  • Association of Chartered Certified Accountants (ACCA) £12,160
  • Association of Chartered Accountants (ACA held by ICAEW) £13,579
  • Chartered Tax Adviser (CTA held by CIOT) £6,794
  • Chartered Financial Analyst (CFA) £8,529

I’ve chucked in CFA but remember, it is NOT an accounting qualification! It is a Financial Market qualification.

AAT – £8,303
AQ2016 there are 3 levels:

  • Foundation Certificate in Accounting – Level 2

o   Estimated time to complete this level: 6-12 months
o   Number of exams at this level: 5
o   Total estimated course cost: £ 1,610
o   Total estimated AAT exam cost: £400 (based on highest exam cost £80.00 per paper)
o   AAT annual membership fee: £131
o   Level total: £2,141.00

  • Advanced Diploma in Accounting – Level 3

o   Estimated time to complete this level: 12 months +
o   Number of exams at this level: 6
o   Total estimated course cost: £1,865
o   Total estimated AAT exam cost: £480 (based on highest exam cost £80.00 per paper)
o   AAT annual membership fee: £131
o   Level total: £2,476.00

  • Professional Diploma in Accounting – Level 4

o   Estimated time to complete this level: 12-18 months
o   Number of exams at this level: 6 (4 fixed + 2 options)
o   Total level estimated cost: £3,075 (based on the 2 most expensive option papers)
o   Total estimated AAT exam cost: £480 (based on highest exam cost £80.00 per paper)
o   AAT annual membership fee: £131
o   Level total: £3,686.00

FIA (CAT) – £3,962

This has not been straight forward to price for a couple of reasons: not all courses are available in a classroom, BPP does not have all four levels to this qualification and the pricing variances between Kaplan and BPP is huge and I’m unclear as to why.

I’ll use BPP pricing for this which is significantly higher than Kaplan but for the level BPP does not offer I will just use the same pricing as the level above.

*prices are based on BPP on-line learning.

  • Introductory Certificate in Financial & Management Accounting

o   Number of exams at this level: 2
o   Total estimated course cost: £600
o   Total estimated exam cost: £106 (based on standard exam cost £53 per paper)
o   ACCA annual membership fee: £95
o   Level total: £801

  • Intermediate Certificate in Financial & Management Accounting

o   Number of exams at this level: 2
o   Total estimated course cost: £ 650
o   Total estimated exam cost: £106 (based on standard exam cost £53 per paper)
o   ACCA annual membership fee: £95
o   Level total: £851

  • Diploma in Accounting and Business – No BPP courses for this level

o   Number of exams at this level: 3
o   Total estimated course cost: £1,044
o   Total estimated exam cost: £228 (based on standard exam cost £76 per paper)
o   ACCA annual membership fee: £95
o   Level total: £1,367

  • Certified Accounting Technician

o   Number of exams at this level: 2 (out of 3 options)
o   Total estimated course cost: £696
o   Total estimated exam cost: £152 (based on standard exam cost £76 per paper)
o   ACCA annual membership fee: £95
o   Level total: £943.00

ATT – £4,260

Does not really have a level structure; it’s more modular, you sit three written exams and two computer based exams.

  • Compulsory Computer Based Examinations

o   Number of exams at this level: 2
o   Total estimated course cost: £800
o   Total estimated exam cost: £360 (based on standard exam cost £135 per paper) + 2 examination manuals at £45 each.
o   Annual membership fee: £145
o   Level total: £1,305

  • Compulsory written papers

o   Number of exams at this level: 2
o   Total estimated course cost: £1,715
o   Total estimated exam cost: £270 (based on standard exam cost £135 per paper)
o   Annual membership fee: £145
o   Level total: £2,130

  • Compulsory written papers – Pick an option paper

o   Number of exams at this level: 1
o   Total estimated course cost: £545
o   Total estimated exam cost: £135 (based on standard exam cost £135 per paper)
o   Annual membership fee: £145
o   Level total: £825

CIPFA – £10,471

There are 3 levels in CIPFA and no options papers; also credit to CIPFA they made attaining financial information about the course effortless.

  • Professional Certificate

o   Number of exams at this level: 4
o   Total estimated course cost: £2,566
o   Total estimated exam cost: £400 (based on standard exam cost £100 per paper).
o   Annual membership fee: £151
o   Level total: £3,117

  • Professional Diploma

o   Number of exams at this level: 6
o   Total estimated course cost: £3,914
o   Total estimated exam cost: £600 (based on standard exam cost £100 per paper).
o   Annual membership fee: £151
o   Level total: £4,665

  • Strategic stage

o   Number of exams at this level: 2
o   Total estimated course cost: £2,138
o   Total estimated exam cost: £400 (based on standard exam cost £200 per paper).
o   Annual membership fee: £151
o   Level total: £2,689

CIMA – £15,982

There are 3 levels in CIMA and no options papers; each level has a case study which must be passed before you can move on.

  • Operational

o   Number of exams at this level: 4
o   Total estimated course cost: £4,380
o   Total estimated exam cost: £400 (based on standard exam cost £83 per paper + £136 case study).
o   Annual membership fee: £108
o   Level total: £4,888

  • Management

o   Number of exams at this level: 4
o   Total estimated course cost: £4,690
o   Total estimated exam cost: £600 (based on standard exam cost £83 per paper + £136 case study).
o   Annual membership fee: £108
o   Level total: £5,398

  • Strategic

o   Number of exams at this level: 4
o   Total estimated course cost: £4,970
o   Total estimated exam cost: £618 (based on standard exam cost £136 per paper + 210 case study).
o   Annual membership fee: £108
o   Level total: £5,696

ACA – £13,579

There are three levels in ACA

  • Certificate

o   Number of exams at this level: 6
o   Total estimated course cost: £3,585
o   Total estimated exam cost: £420 (based on standard exam cost £70 per paper).
o   Annual membership fee: £198
o   Level total: £4,203

  • Professional

o   Number of exams at this level: 6
o   Total estimated course cost: £4,805
o   Total estimated exam cost: £540 (based on standard exam cost £90 per paper).
o   Annual membership fee: £198
o   Level total: £5,543

  • Advanced

o   Number of exams at this level: 3
o   Total estimated course cost: £3,035
o   Total estimated exam cost: £600 (based on standard exam cost £170 per paper + £260 case study).
o   Annual membership fee: £198
o   Level total: £3,833

ACCA – £12,160

There are three levels in ACCA

  • Knowledge

o   Number of exams at this level: 3
o   Total estimated course cost: £1,810
o   Total estimated exam cost: £228 (based on standard exam cost £76 per paper).
o   Annual membership fee: £95
o   Level total: £2,133

  • Skills

o   Number of exams at this level: 6
o   Total estimated course cost: £4,440
o   Total estimated exam cost: £612 (based on standard exam cost £102 per paper).
o   Annual membership fee: £95
o   Level total: £5,147

  • Essentials

o   Number of exams at this level: 3
o   Total estimated course cost: £2,390
o   Total estimated exam cost: £384 (based on standard exam cost £128 per paper).
o   Annual membership fee: £95
o   Level total: £2,869

  • Options – Pick two option papers

o   Number of exams at this level: 2
o   Total estimated course cost: £1,660
o   Total estimated exam cost: £256 (based on standard exam cost £128 per paper).
o   Annual membership fee: £95
o   Level total: £2,011

CTA – £6,794

There are three levels in CTA

  • Advisory

o   Number of exams at this level: 2
o   Total estimated course cost: £2,178
o   Total estimated exam cost: £300 (based on standard exam cost £150 per paper).
o   Annual membership fee: £330
o   Level total: £2,808

  • Awareness

o   Number of exams at this level: 3
o   Total estimated course cost: £897
o   Total estimated exam cost: £450 (based on standard exam cost £150 per paper).
o   Annual membership fee: £330
o   Level total: £1,677

  • Application and interaction

o   Number of exams at this level: 1
o   Total estimated course cost: £449
o   Total estimated exam cost: £150 (based on standard exam cost £150 per paper).
o   Annual membership fee: £330
o   Level total: £929

  • Compulsory Computer Based Examinations – online only

o   Number of exams at this level: 2
o   Total estimated course cost: £890
o   Total estimated exam cost: £160 (based on standard exam cost £80 per paper + 2 x £45 for each manual).
o   Annual membership fee: £330
o   Level total: £1,290

CFA – £8,529

There are three levels in CFA

  • Level 1

o   Number of exams at this level: 1
o   Total estimated course cost: £1,530
o   Total estimated exam cost: £745 (based on standard exam cost $930 per paper).
o   Annual membership fee: £360 ($450 USD)
o   Level total: £2,635

  • Level 2

o   Number of exams at this level: 1
o   Total estimated course cost: £1,746
o   Total estimated exam cost: £745 (based on standard exam cost $930 per paper).
o   Annual membership fee: £360 ($450 USD)
o   Level total: £2,851

  • Level 3

o   Number of exams at this level: 1
o   Total estimated course cost: £1,938
o   Total estimated exam cost: £745 (based on standard exam cost $930 per paper).
o   Annual membership fee: £360 ($450 USD)
o   Level total: £3,043

Sources: BPP, Kaplan and all professional bodies mentioned.

Brainthrough!

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