Acca 10 Year Time Limit

[Amelie Robertos]

Weknow employers value up-to-date knowledge and they tell us that a time limit is important. Prompt completion of the exams demonstrates a commitment to becoming a professional accountant. You may also find many employers will have their own company policies for completing the exams within a certain time limit.

The seven year rule applies to everyone. However, if your first eligible exam session was December 2015 or earlier, you were also given a 10 year time limit to complete the qualification, from the date you registered as a student.

We will consider each individual case carefully, but cannot guarantee that an extension to the time limit will be granted. We can only grant requests for extension under the most extenuating of circumstances such as critical illness or bereavement after long term care.

My SBL exam expires in December 2020, therefore my extension window will open on the day September 2020 results are released and I must have submitted my extension request by the December 2020 standard entry closing date.

Pass expiry dates will also apply for students studying the MSc in Professional Accountancy from University of London. All modules of this course must be completed before or at the same session as an ACCA pass expiry date, otherwise they will be required to re-take the pass or passes which have expired.

Students who registered prior to 1 January 2016 and who were awarded exemptions for all of the Applied Knowledge and Applied Skills exams are required to complete the Strategic Professional exams within five years if they want to apply for an ACCA practising certificate and audit qualification.

Similarly, for a UK practising certificate and audit qualification, students who first registered on or after 1 January 2010 and are eligible for exemption from all or some of the Applied Knowledge and Applied Skills exams based on a qualifications gained more than five years previously (at the date of initial registration as an ACCA student) will lose these exemptions and be required to complete the Applied Knowledge and Applied Skills exams.

You can learn more about what kind of cookies we use, why, and how from our Privacy Policy. If you hate cookies, or are just on a diet, you can disable them altogether too. Just note that the Freshdesk service is pretty big on some cookies (we love the choco-chip ones), and some portions of Freshdesk may not work properly if you disable cookies.

I am now on professional exams. Do I have only 3 years allowed to finish all the professional exams or the 7 year rule is started when you first passed the first professional exam without the time limit requirements?

Basically the 7 year rule is for the Strategic Level Papers (last 4 papers). These have to be completed within 7 years.

The 7 year countdown starts once you pass your first Strategic Professional Paper.

More can be read here

-started/rules-and-regulations-for-students/time-limits.html

No exemptions are available for the P papers though, so the new proposal would mean everybody having the same 7 year window of opportunity to complete all 5 P papers or resitting the earlier P papers if they go beyond the 7 years for whatever reason.

Thanks fidget for the new proposal. I found it better but I still disagree. First I wish that there is no time limit. No one has the same problems. Telling the truth most of the exams like P6 expired after the new budget. Every subject is linked to one another so it is useless to do it again. I found it more a business/money issue.

I think the person who is doing P7 he is still have update notes in answering the question. For example he will not turn on P1, did it 5 years ago and studied them. I do not turn on F6 and studied them again because we know how they changed a lot. I am doing P1. So you are telling that the basic of P1 after seven years does not make sense?

What is the use of Continuous Professional Development? I think ACCA need to focus after the person is qualified and not to start again. Please let people to have their dreams come true. We know how difficult to have good marks in ACCA.

I take two exams a year. I pass from only one. I have a family and work at home. I have a degree in Accounting and Management and I only had three exemptions. What happen if 10 year passed and I still have one P to be qualified?

I wondered what happen after 10 years, mine expires in 2017 and with 3 papers left I should be ok, I took a couple of years out after my first f papers due to family issues, which is why its taken so long,

The new pproposal sounds good to me

Thank you for the update. I was just thinking about it as my last session is also June 2017.

I have only 3 exams left but feel pressured and would be very happy with the new rule of 7 years after doing first P.

I did not have any exception, I have taken unexpected 3-years-long break due to health/family issues. Now I have small children and instead of enjoying family time I am stressing over the exams and the deadline. For me it is not easy to juggle work, family and studying. I even gave up my volunteering.

Additionally there may be those who have families or started families approximately the same time when they started the P papers, which means alot of responsibility and some serious time management. As such, i think the 7 years would be beneficial to those also , although i think that no time limit would be better.

I also know of quite a few people who are considering dropping ACCA because of the June 2017 deadline since they are not certain how they will progress with exams over the next few years. So if the time period is extended they would gladly stay on board.

Does anyone have any update regarding this? A lot of students will be hit by June 2017 deadline. I know a survey was sent round proposing a change to the 10 year rule and you would think when the 4 sittings a year come into play this will have an effect on this?

It is very important to change the time period structure to cope with relevant situations for each candidate joining ACCA profession, because the time zone should take into consideration the relevant exemptions given and justifiable reasoning for not stick on time

I also agree.QUARTERLY SITTINGS should be considered.At least there would be an opportunity to clear more papers withing a year especially for part time studies due to time pressures and work commitments.

Anyone have any further info there must be a lot of concerned students out there.

ACCA have never time barred anyone before why would this be fair to do it now.

Surely the proposal makes perfect sense because people get exemptions and start the course at different stages.

Everyone has to do the Professional papers so surely a time limit on just those papers is fairer.

The seven year rule in ACCA means that a student has 7 years to write and pass the Strategic Professional exams. If a student reaches the affiliate status within 7 years but does not pass all the strategic professional exams, then they lose all strategic professional passes achieved within those seven years. In such a situation, the candidate needs to retake the tests to complete their qualification.

The seven year rule is mandatory for everyone. If the first eligible exam was taken in December 2015 or before that, you had a ten year time limit to finish your qualification and completeall the exams.

If your situation is similar to this, you will not lose your results before your ten year periodis over. After finishing ten years, you may lose any Strategic professional result that is more than seven years old and you will have to rewrite the exams.

In most cases, there are 4 exam sessions each year. Every student can appear for a maximum of 4 exams for each session. Students are also eligible for a maximum of 8 different exams for each calendar year. Therefore, a student can finish all of the exams in a period of 2 years.

Are you looking for professional programmes to update your skills? Check out the ACCA and several other programs offered by the London School of Business and Finance (LSBF) both on-campus and online. Regardless of which classroom mode you choose, you can enjoy full access to their online platform called Canvas.

The legislation does not, however, distinguish between different types of enquiry, therefore all enquiries into tax returns are legally enquiries into the full return, even if in practice HMRC only checks part of the return.

If HMRC identifies risks that relate to other taxes or duties, they might liaise with the relevant compliance officers responsible for that tax or duty. If they open a compliance check to address these risks, they usually work their enquiry in conjunction with them.

HMRC cannot generally raise a discovery assessment if the taxpayer has filed a tax return unless HMRC has evidence to suggest that there is a loss of tax due to careless or deliberate errors (s 29(4)).

In any case of incomplete disclosure without careless or deliberate conduct, the time limit for a discovery assessment is not later than four years after the end of the tax year to which it relates.

In any case involving a loss of tax brought about carelessly, the time limit for making a discovery assessment is not later than six years after the end of the tax year to which the assessment relates.

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Decent sized audit client (wouldn't need an audit now - but wouldn't be far off the limit). Owned by one person.

Client would accrue costs he believed were genuine and would be invoiced. Most would, a few wouldn't. Some cases he overaccrued, just in case.

3a8082e126