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ACCA Fee is increasing badly

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Roman - 14 Dec 2005, 08:35 am
I am little unhappy because ACCA is increasing its FEE every year.And in total Great Britan Sterling is also a heavy currency and is developing to even more higher price at least in Malaysia.
Rafik - 14 Dec 2005, 01:29 pm
Yes no doubt since last couple of years they have really geard fee inflation.This year i have to pay 59 pound as annual subscription. :s
Vaugh - 15 Dec 2005, 07:00 am
After war on Terrorism everything is become more costly than ever except calling rates and cell phone prices :D:D
Zack - 31 Dec 2005, 05:18 am
ACCA has doubled their fee in recent years.This might be due to increase in its reputation in African and Asian Countries.
shahid_fss - 13 Jan 2006, 04:36 pm
I have to pay half of our savings for part1.
Surly I can't continue my studies without any job.
chapper - 14 Jan 2006, 02:55 am
And the worst thing is that there is no concession at all.They are increasing fee without taking into account that there are various countries where £1 = 1000th of their 1 unit.
Kayleigh - 14 Jan 2006, 02:39 pm
Are you talking about Afghanistan ? Chapper>
Mohsin_Ali - 16 Jan 2006, 12:52 am
Afghanistan situation is even more worse after american attack.In my country 1 sterling pound =110 RS.You can imagine that in my country labour earn 30 pounds in 1 month if they go to work without any holiday.
rluitel - 31 Jan 2006, 04:29 am
here it's £1=127Nrs some times it use to increase to 137Nrs too... :shock:
Xiu - 31 Jan 2006, 04:47 am
What is NRS ?
rockZ - 31 Jan 2006, 08:43 am
QUOTE:
What is NRS ?

If his location "ktm" means Kathmandu then NRS mean Nepalese Rupees 8)
Imran Khan - 02 Feb 2006, 03:02 pm
£1=105PKR and sometime increases to 120 pakistani rupees.
Nisar - 05 Feb 2006, 05:02 am
Paying fee in £ currency is really a big tension.
asad.ahmad - 04 May 2006, 04:26 am
hi
at least acca should not charge 59 pound from students who r doing acca
and wana ask doesthis amount increases from year to year and one has to pay it or it is fixed 59 pound (i am new to acca)
BeijingGuy - 04 May 2006, 06:32 am
Annual subscription is truely pain in the butt for me but we have to pay because ACCA manage our records and send us student accountant magazines and other monthly offers.And organize various events in various countries.
shahid_fss - 04 May 2006, 05:18 pm
And our CEO proudly said at live broadcost that they are helping poor countries in development.
loverfellow - 08 May 2006, 05:49 am
Why not we discuss this issue with ACCA directly. In countries like pakistan their cost of organizing papers would be quite low and of course others too. They may set a variable rate of fee in different countries considering earning rate of the fellows. I am going to send them an email may be you can provide force with your response. I hope this issue might be worth considering for them if we clear our problem.
loverfellow - 08 May 2006, 05:51 am
Go ahead, get the catch...
Funmaza - 08 May 2006, 07:08 am
In the end there will be no result because they are in stronger position than individual students.There must be some voice raised on ACCA Pakistan level.Otherwise individual students can do nothing.Paying annual fee is very painful and they are increasing the fee on yearly basis.1 pound is 105 pakistani rupees.
They even have same fee in Africa :shock:
Mariam - 09 May 2006, 12:00 am
Do we have to pay annual subscription even after passing exams? Yes
Because my brother is paying. :oops:
rluitel - 09 May 2006, 01:56 am
Many students from different country have same question ..And i remember Our CEO had answered one question saying that "we don't want to grade our ACCA degree according to geographic region (according to Country). We want to make all same... So they have decided not to change fee according to countries .

And, i don't think they will feel any pressure from our mails. :?
asad.ahmad - 12 May 2006, 07:55 am
QUOTE:
Annual subscription is truely pain in the butt for me but we have to pay because ACCA manage our records and send us student accountant magazines and other monthly offers.And organize various events in various countries.

when does the last event held in Karachi,Pakistan
Nisar - 12 May 2006, 08:56 am
Asad he lives in beijing and you are asking him about karachi events :?
Do you live in karachi?
shahid_fss - 12 May 2006, 08:38 pm
I dont know about Karachi but in last 2-3 Months they had some quality events (exams techniques, movies, management lecture stc) at Islamabad and I know one thing same event happens at Lahore and Karachi too with a little change in date.
Nisar - 13 May 2006, 04:03 am
Karachi is big city and there are thousand of acca students so there must be held some good seminars.I can confirm about faisalabad that there is/was not any single acca event. :oops:
prashant - 02 Oct 2006, 11:01 pm
This all can be linked to U.K.economy.if one looks at uk economy we will come across
QUOTE:
primary-basic industries like agriculture,farming,fishing,food products,etc

secondary-manufacturing and heavy industries can be classed into this

tertiary-services,utilities industries.

people would be surprised to know that less than 2% population is engagd in agriculture and related industries eg. food processing and dairy products.they have to import their food products from africa , asia and eu.
currently manufacturing sector is in decline.manchester is not the same manchester as it was the heart of industrial revolution.they are facing competetion from two types of countries developing world and developed world.developing world like nic (newly industrialied countries of far east) use cheap labour with a comparable quality of machines to mass produce products which is cheaper.
on the other hand developed countries like germany,japan,america use techologically advanced and sophesticated equipments to produce superior quality products.britain is sandwiched between them.Moreover they dont have much natural resources.
the only sector left for making revenue is services . their banking,shipping,finance,education,insurance,health sector, etc are global players.
it employs 60-70% of their population.
ACCA in 1996 won queens award for export excellence.Do you know why? because acca was earning foreign revenue for them.basic material required for publishing books,magazines i mean paper,pulp. is becoming expensive day by day in uk.
then there are organisation who are working to save environment which adds to the cost of paper.then labour costs ,postal costs,acca admin cost,examsetters and checker salaries, etc are definetely going to increase .i forgot to mention inflation.Acca in order to maintain their standard and quality will definately increase fee.i personally think that any request from the poorer countries to make acca affordable to their students will not be entertained by them
because this is business my dear friends.acca is not a charity. ACCA ORGANISATION and its employees come first then other stakeholders.i think its clear to students that they should check their pocket first before embarking on the course.individual request or appeals would not be entertained by acca.anyway acca is a golden goose for british because its earning revenue for them.
loverfellow - 03 Oct 2006, 06:13 am
Amazing information

There is no way they will reduce the fee in poorer countries. It will also create a lot of controversies.
prashant - 03 Oct 2006, 08:51 am
Well,

there is another viewpoint : acca community as such is not very organised as they are scattered.so in order to impact (influence) any decisionmaking at the head office.

QUOTE:
THere is a saying my dear friends : Might is right
and Majority is authority


We can only Plead or Request and not demand.
Tell me urself 1000 Members are more powerful or 70000.

Final decision will be of the student weather he wants to embark upon such a course or not.

Thats the equation.

BOTTOMLINE is:
we do have to try to put forward our requests.
We cannot sit idle brooding.
prashant - 05 Oct 2006, 02:03 am
QUOTE:
This all can be linked to U.K.economy.if one looks at uk economy we will come across
QUOTE:
primary-basic industries like agriculture,farming,fishing,food products,forestry,etc

secondary-manufacturing and heavy industries can be classed into this

tertiary-services,utilities industries.

people would be surprised to know that less than 2% population is engagd in agriculture and related industries eg. food processing and dairy products.they have to import their food products from africa , asia and eu.
currently manufacturing sector is in decline.manchester is not the same manchester as it was the heart of industrial revolution.they are facing competetion from two types of countries developing world and developed world.developing world like nic (newly industrialised countries of far east) use cheap labour with a comparable quality of machines to mass produce products which is cheaper.
on the other hand developed countries like germany,japan,america use technologically advanced and sophesticated equipments to produce superior quality products.britain is sandwiched between them.Moreover they dont have much natural resources.
the only sector left for making revenue is services . their banking,shipping,finance,education,insurance,health sector,telecommunications,entertainment,airways, etc are global players.
it employs 60-70% of their population.
ACCA in 1996 won queens award for export excellence.Do you know why? because acca was earning foreign revenue for them.
ACCA somewhere in 2001 tried unsucessful merger and takeover of CIMA.why??
to consolidate their position in accountancy and related feilds.
ACCA is looking for partnerships with other accountancy bodies.why??
basic material required for publishing books,magazines i mean paper,pulp. is becoming expensive day by day in uk.
then there are organisation who are working to save environment which adds to the cost of paper.then labour costs,publication,accoutancy reaserch ,postal costs,acca admin cost,examsetters and checker salaries, etc are definetely going to increase .i forgot to mention inflation.Acca in order to maintain their standard , quality and infrastructure will definately increase fee.i personally think that any request from the poorer countries to make acca affordable to their students will not be entertained by them
because this is business my dear friends.acca is not a charity. ACCA ORGANISATION and its employees come first then other stakeholders.i think its clear to students that they should check their pocket first before embarking on the course.individual request or appeals would not be entertained by acca.anyway acca is a golden goose for british because its earning revenue for them.


ANY COMMENT ON THE SUBJECT IS WELCOME
prashant - 20 Oct 2006, 04:34 am
Finally , i would like to put forward a question to all our forum members

has anybody taken intitative about this particular issue in discussing this problem with acca of fee increase ?

if yes then what was their response?

our ceo telling that they dont grade their qualification according to the geographic regions is just a big sham

they cannot overlook the economic/financial aspect of individual students belonging to different geographic regions . because earning potential of general population differs for different regions and then the exchange rate of currencies also matters.

i personally believe the local ca /or accounting qualification is better /
because firstly its cheaps and
at least at the end of day one might end up starting his own practice .
rluitel - 19 Dec 2006, 12:28 am
annual regestration fee increased from 2007.

now it's 62pound

pound 3incresed... :cry:
IrinucaR - 20 Dec 2006, 01:56 am
I registered in December and paid 59 pound for registration and also 59 pound for the annual subscribtion - i didn't think it would change :(
What should I do?

What will happen if i do not receive registration confirmation until 1st of January?
prashant - 20 Dec 2006, 02:40 am
so finally they did it .

ACCA FEES HAS INCREASED
rluitel - 21 Dec 2006, 03:21 am
QUOTE:
I registered in December and paid 59 pound for registration and also 59 pound for the annual subscribtion - i didn't think it would change :(
What should I do?

What will happen if i do not receive registration confirmation until 1st of January?


Please contact you local ACCA office. I don't know about registeration but Annual subscribtion must be 62 pund.
shahid_fss - 21 Dec 2006, 03:43 pm
It's bad news guys

Well there must be some reason, they can't (should not) just increase so much.
Accountant - 22 Dec 2006, 03:30 am
it has increased from £34 pounds to this high in last few years :(
Beachmaiden - 22 Dec 2006, 09:22 pm
Hey all :D

I just sent off my payment /registration form (yep I'm a newbie :wink: ), I'm planning to take this through night school as I work days, the school informed me that the fee was 59. even the form that they gave me has 59!!! So my questions if anyone can help me is; when did this increase take place, shouldn't the school have been informed way in advance regarding an increase and will this hold up my enrollment before Dec. 31'06 (I would like to do the exams in July)

Thanks in advance for any help

J :)
zaib - 25 Dec 2006, 02:53 am
hey guyz, whts up,
well i must tell u, u guyz n ur forum r rocking
i jst want 2 kknow that can i do any kinda internship or articleship after completing cat? ( i m paki)and do ne firm here in pakistan who can hire the CAT as a trainee auditor bcoz i wnt 2 mve on ireland aftre completion of acca or part 2 as a auditor in pWc (pricewat......) so guyz plz help me out i am currently starrting cat so ne firm (pakistan) can hire me asa a trainee?
sorry guyz mere english ap jaise nhi hai but i working on it
hope u try 2 understand myeah question?