Updated: Oct 23, 2021
Suppose you are already an ACCA aspirant or thinking about starting to enrol yourself in this certified professional accountant course. In that case, you may have already thought about how much time does it require to fully complete the course.
This article will discuss the average time it takes to complete each module in the whole ACCA course. So without further ado, let us begin:
Foundation level: Diploma in Economics and Accounting
According to the ACCA itself, there is no specific deadline or time limit in which an aspirant will have to complete the Foundation level course, but it is recommended to complete the foundation course as soon as possible. There are two parts to the foundation course:
● Level 2: Diploma in Financial and Management Accounting
● Level 3: Diploma in Financial and Management Accounting
In both levels, there are two exams for each module and a Foundation in Professionalism module, all of which can be completed in 6 months.
Level4: Diploma in Business and Accounting
The next module is Diploma in Business and Accounting (Level 4). In this module, you will have to gain practical experience along with your studies. The level 4 module takes around 12 months to complete.
Applied skills and knowledge
Applied skills and knowledge levels can be completed in 12-18 months, depending on how much effort you put into your studies.
Professional training and experience
To complete the professional level exams, students take 12-18 months on average. But after passing the professional level exam, “the seven-year rule” becomes applicable to the student. The seven-year rule states that after passing your first professional level exam, you need to pass the remaining exam within seven years. If the seven years get completed, and you are unable to pass the rest of the exams, then you will have to sit and retake the exams. The conditions have been applied to the course so that every aspirant keeps themselves up to date with the contemporary amendments, rulings and regulations.
Total Duration of #ACCA course
According to our calculation, if a student attempts two exams in every six months interval, passing them in the first attempt, then the student will take at least three years to complete the ACCA course. And if a student has to retake the exams several times, the maximum time that particular student should take is four and a half years. Therefore, a total of 54 - 72 months can be the duration of completing the ACCA course.
Is it possible to complete ACCA in 2 years?
Before answering the question, you need to know that ACCA conducts four exam sessions per year, and a student can sit for four exams per session and a maximum of 8 exams per year. So the situation is that even if you can sit for all the exams in 2 years, you will still need three years of professional experience to become a full-fledged ACCA member. Now, if you have AAT qualifications, then you may be exempted from taking some of the exams. But you will still need three years experience to successfully complete the course.