ACCA Colleges in Nepal

Association of Chartered Certified Accountants (ACCA) is a globally recognized largest and fast-growing accountancy body that offers a three-years ACCA qualification. ACCA qualification is recognized in 180 countries across the world and caters to more than 500,000 students worldwide as of 2021. The global professional body of accountants with a network of ACCA training institutes all over the world offers this world-class qualification of international accounting and auditing standards to the students. Aimed at facilitating the most renowned course on Accountancy and Finance, ACCA inherently bestows a rewarding career in the same industry. 

ACCA qualification is not to be mistaken as any academic level degree, although it does qualify as completing a university degree upon completing all 14 subjects under the course.

Features

• Oriented toward global employment/business
• Exams are held every 3 months
• Provision of giving re-exam if failed in any specific paper.
• Candidates primarily deal with the regulations and implementations of policies within a company and compile with the Auditing and Taxation part

Eligibility

Along with the academic course work, ACCA also demands three years of professional experience from the students. Students will have until ten years to complete the entire qualification. 

Students are required to complete 10+2/ SEE(A-C) (in five separate subjects including mathematics and English), +2 at GCE/ VCE A level( Grades A-E), or Two A-Levels and three GCSEs or equivalent in five subjects, including English and mathematics to qualify to undertake ACCA qualification.

The whole of this international qualification is divided into three modules: Applied Knowledge, Applied Skills, and Strategic Professional with 3, 6, and 4 subjects under them respectively. Upon clearing all these examinations and one online module called Ethics and Professional Skills Module (EPSM), also known as the 14th subject, students are taken into the community of professional accountants by ACCA global body. Each module has to be cleared to be eligible to start the next. Students, however, qualify for the 14th examination as soon as they clear the Applied Knowledge level (Module 1).

ACCA offers four exam sittings in a year, and a student can sit for the examination at any order within each module.  

Syllabus

The ACCA syllabus involves 13 papers divided into 3 levels. The exams are divided into 3 levels:

• Applied Knowledge
• Applied Skills
• Strategic Professional

Each level is designed to build upon the last, ensuring that you develop the necessary expertise and skills to excel in the field of accounting. Here is a detailed look at what each level entails and the papers you will need to master.

Applied Knowledge: The Foundation

The Applied Knowledge level is your starting point. It consists of three papers that lay the groundwork for your understanding of key accounting principles. You must pass all three of these exams to progress to the next level.

1. Accountant in Business (AB): This paper introduces you to the business environment, including the role of accounting in business, the various types of business entities, and how businesses are managed and structured.
2. Management Accounting (MA): This paper focuses on the principles of management accounting, including costing techniques, budgeting, and the analysis of financial information for managerial decision-making.
3. Financial Accounting (FA): In this course, you'll delve into the fundamentals of financial accounting, learn how to prepare financial statements, and understand the regulatory framework governing financial reporting.

Applied Skills: Building Expertise

Upon completing the Applied Knowledge papers, you will move on to the Applied Skills level. This level comprises six papers, each designed to deepen your technical knowledge and practical skills in key areas of accounting and finance, bringing your expertise up to the equivalent of a bachelor’s degree.

1. Corporate and Business Law (LW): This paper covers the legal framework within which businesses operate, including contract law, employment law, and company law.
2. Performance Management (PM): Focuses on advanced management accounting techniques, including performance measurement and control, decision-making, and risk management.
3. Taxation (TX): Provides a comprehensive understanding of taxation principles, including individual and corporate tax, VAT, and other relevant tax regulations.
4. Financial Reporting (FR): This paper advances your knowledge of financial accounting, emphasizing the preparation and analysis of financial statements, including complex issues such as group accounting and financial instruments.
5. Audit and Assurance (AA): Covers the principles and practices of auditing, including the audit process, internal controls, and audit reports.
6. Financial Management (FM): This field focuses on financial management principles, including investment appraisal, business finance, and risk management.

Strategic Professional: Mastering the Field

After successfully completing the Applied Skills level, you will advance to the Strategic Professional level. This level is split into two categories: Essentials and Options.

Essentials

The Essentials category comprises two compulsory papers that provide specialized skills and techniques required to become an expert accountant, capable of handling high-level advisory and consultancy roles.

1. Strategic Business Leader (SBL): Formerly known as P1, this paper is assessed through a 4-hour exam and focuses on leadership, strategic planning, risk management, and organizational governance.
2. Strategic Business Reporting (SBR): Formerly P2, this 3-hour exam paper delves into advanced financial reporting, emphasizing the ability to analyze and interpret financial reports in a strategic context.

Options

In addition to the Essentials papers, you must choose any two from the following four papers. This allows you to specialize in areas that align with your career aspirations and areas of interest.

1. Advanced Financial Management (AFM): Formerly P4, this paper covers complex financial management topics, including advanced investment appraisal, mergers and acquisitions, and corporate restructuring.
2. Advanced Performance Management (APM): Formerly P5, focuses on advanced performance measurement techniques, strategic management accounting, and performance evaluation.
3. Advanced Taxation (ATX): Formerly P6, provides an in-depth understanding of advanced taxation issues, including international tax, tax planning, and tax administration.
4. Advanced Audit and Assurance (AAA): Formerly P7, this paper explores advanced auditing techniques and practices, including issues related to audit and assurance engagements and regulatory environments.

Below is the list of institutes that offer ACCA courses in Nepal.

1. Certified College of Accountancy

Certified College of Accountancy (CCA), is located in Thapagaun, New Baneshwor, Kathmandu. It is an Approved Learning Partner of ACCA-UK and one of the leading institutions for ACCA Classes in Nepal that offers credit transfer facilities. CCA is proud of its outstanding contribution to the nation by producing qualified ACCAs since 2006. A Platinum Approved Learning Partner of ACCA, UK, CCA takes pride in its student-centric learning approach.

Fee Structure for CCA College

The total fee for ACCA in CCA college is NPR. 603,320

For more information on the CCA Fee structure, click HERE.

2. NCA College of Management

NCA College of Management is located at Anup Marga, Minbhawan New Baneshwor, Kathmandu. It is Nepal's top ACCA college which is student-oriented rather than result-oriented. The college is the official partner of ACCA Global and is the first ACCA college in Nepal since 2004 and is a Gold Approved Learning Partner of ACCA, UK. NCA offers students the blend of ACCA along with a Bachelor in Business Studies (BBS) degree.

Fee Structure for NCA College

The total fee for ACCA in NCA College is NPR. 237,500 and the fees charged by ACCA is GBP £ 2,230

For more information on the NCA Fee structure, click HERE.

3. Seed Financial Academy

Seed Financial Academy is located in Dillibazar, Kathmandu. It is Nepal’s prominent ACCA center and ACCA learning provider for professional accountancy qualifications. Seed is a Gold Approved Learning Partner and also a Licensed CBE Center of ACCA, UK. The college offers interpersonal development programs and career development sessions.

Fee Structure for Seed Financial Academy

The total fee for ACCA in Seed Financial Academy College is NPR. 565,000.

For more information on Seed Financial Academy Fee structure, click HERE.

4. The British College

The British College (TBC) is centrally located in the Trade Tower Business Center in Thapathali, Kathmandu, and was established in 2012 AD. It offers an ACCA course through the British Professional College, the sister organization of TBC, which is a Gold Approved Learning Partner and also a Licensed CBE Center of ACCA, U.K. One of the staggering features of ACCA qualification offered at the British Professional College, besides its highly qualified faculty members and well-sorted resource materials, is that the college can acquire a BSc in Applied Accounting course offered by ACCA in a unique partnership with Oxford Brookes University. 

Fee Structure for CCA College

The total fee for ACCA at The British College may vary depending on the student's country of origin. 

For more information on The British College Fee structure, click HERE.

Other colleges that offer ACCA are Sterling Wells Education Group and British Professional College.