Introduction

Are you considering pursuing ACCA in Nepal? You’re not alone! ACCA (Association of Chartered Certified Accountants) is one of the most prestigious accounting qualifications globally, and it has been gaining immense popularity in Nepal. However, like with any professional qualification, understanding the fee structure is critical before diving in. In this blog, we’ll break down the entire ACCA fee structure in Nepal and guide you through the most affordable institutes.

What is ACCA?

ACCA is a globally recognized accounting qualification that equips professionals with knowledge in finance, auditing, taxation, and more. With an ACCA certification, you can pursue a rewarding career in accounting or finance almost anywhere in the world. Whether you’re looking to work in multinational companies or even start your own firm, ACCA gives you the credentials.

Why Choose ACCA in Nepal?

Nepal’s financial sector is expanding rapidly, creating a demand for qualified accounting professionals. ACCA is an excellent option for Nepali students because it offers international recognition without needing to leave the country. Plus, many institutes in Nepal provide quality education at affordable rates, making it a feasible option for most students.

Understanding the ACCA Fee Structure in Nepal

ACCA is known for being cost-effective compared to other global accounting qualifications. However, it’s still essential to understand the different fees involved. The costs typically include registration fees, annual subscription fees, exam fees, exemption fees (if applicable), and tuition fees.

ACCA Registration Fees

The first step to becoming an ACCA member is registration. The registration fee for ACCA in Nepal is around £89 (approximately NPR 14,000). This is a one-time fee that must be paid when you register with ACCA Global.

Annual Subscription Fees

Once you’re registered, ACCA charges an annual subscription fee of around £122 (approximately NPR 20,000). This fee is mandatory and needs to be paid every year to keep your student status active.

Exam Fees

ACCA exam fees are divided according to the levels of the qualification. Here’s a breakdown:

• Applied Knowledge (3 exams): £135 per exam (approx. NPR 22,000)
• Applied Skills (6 exams): £147 per exam (approx. NPR 24,000)
• Strategic Professional (4 exams): £163 per exam (approx. NPR 27,000)

You can expect these fees to vary slightly, but this gives a general idea of what you’ll be paying for each exam.

Exemption Fees

If you have prior qualifications (such as a BBA or MBA), you may be eligible for exam exemptions. While this can reduce the number of exams you need to take, each exemption comes with a fee of £116 per paper (approx. NPR 19,000).

Tuition Fees at ACCA Institutes in Nepal

In addition to the registration and exam fees, you will also need to consider tuition fees, which vary between institutes. Generally, tuition fees range from NPR 30,000 to NPR 60,000 per paper, depending on the level and the reputation of the institute.

Factors That Influence ACCA Fee Structure in Nepal

1. Location of the Institute: Institutes located in major cities like Kathmandu tend to charge higher fees due to better facilities and faculty.
2. Quality of Faculty: Institutes with more experienced ACCA-certified instructors may charge more for their services.
3. Support and Resources: Additional support, like career counseling, study materials, and library access, can increase the overall cost.

Top ACCA Institutes in Nepal

Nepal has several reputable institutes offering ACCA tuition. These institutes are known for their qualified faculty and affordable fees. Let’s take a look at some of the top ACCA institutes in Nepal.

Mirchawala’s Hub of Accountancy

Mirchawala’s Hub of Accountancy is a top-tier ACCA institute not only in Nepal but also internationally. Known for its comprehensive teaching methods and excellent track record, Mirchawala offers one of the most competitive fee structures. Here’s why it’s an excellent option:

• Affordable Fees: Tuition fees at Mirchawala range between NPR 35,000 and NPR 50,000 per paper, depending on the level.
• Quality Education: With highly experienced faculty and extensive resources, it offers a high return on investment for students.
• Student Support: The institute provides career guidance and robust student support, making it easier to succeed in the ACCA journey.

List of Institutes Offering Affordable ACCA Fees in Nepal

1. Mirchawala’s Hub of Accountancy: Tuition fees range from NPR 35,000 to NPR 50,000 per paper.
2. Seed Financial Academy: Known for competitive pricing, with fees ranging from NPR 40,000 to NPR 55,000 per paper.
3. Phoenix College of Management offers mid-range fees with excellent faculty support.
4. Certified College of Accountancy (CCA): Affordable rates for students, with fees starting at NPR 30,000 per paper.
5. The British College offers higher-end tuition fees but provides excellent support and facilities.

How to Choose the Right ACCA Institute for You

Choosing the right ACCA institute isn’t just about finding the cheapest option. Consider the following factors:

• Faculty Quality: Are the instructors ACCA-qualified with real-world experience?
• Facilities and Resources: Does the institute offer adequate study resources, including a library and online portals?
• Student Success Rate: What is the pass rate for students at the institute?
• Location: Is the institute located in a city or area that is convenient for you?

Finale

Pursuing ACCA in Nepal is an excellent choice if you’re looking to build a successful career in finance and accounting. While the fee structure can seem daunting, many affordable institutes offer quality education without breaking the bank. Whether you opt for the well-known Mirchawala’s Hub of Accountancy or another reputable institute, you can rest assured that you’re investing in a qualification with global recognition and strong career prospects.

FAQs

1. What is the average ACCA fee in Nepal?

The average total cost for completing ACCA in Nepal can range from NPR 400,000 to NPR 600,000, including tuition, registration, exams, and other fees.

2. Are there any scholarships for ACCA in Nepal?

Yes, some institutes offer merit-based scholarships, and ACCA Global occasionally provides fee discounts or bursaries for deserving students.

3. Is ACCA in Nepal worth the investment?

Absolutely. Given the global recognition and career opportunities, the return on investment for ACCA is high, especially with affordable options in Nepal.

4. How long does it take to complete ACCA in Nepal?

On average, it takes 2-3 years to complete ACCA if you study full-time. Part-time students may take longer, depending on their schedule.

5. Do institutes in Nepal offer online ACCA courses?

Yes, many institutes, including Mirchawala’s Hub of Accountancy, offer online classes and resources to help students who cannot attend in person.