I'm looking to take on a member of staff, and a possibility at the moment is an ACCA student (at the start of his studies.) As well as the salary itself, there's a 'study package' to consider.
Could those of you who know more about this than I do, please give me a rough idea:
(a) the cost of exams, study materials, courses (eg BPP) for a year
(b) estimate of study leave time to include in the contract
I used to be ACA (and trained long years ago), but am now IFA (and much happier, but that's a different discussion.) Are there any particular requirements for an ACCA training office?
Thanks for your help with this,
WS.
Replies (8)
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Check out Kaplan & BPP
for the prices - I would budget about £2k per exam with the study & revision package.
With regard to study leave, that would depend on your agreement with the student. I generally would look for 1 to 2 days on top of the exam day and the study/revision days.
Go to the BPP website
... and look up the cost of the courses and the length. This can normally be downloaded on one pdf.
Study leave = amount of days of the course.
Then add the cost of the exams (about £70 - £100 each, also check online)
Then add cost of annual membership - £87 from memory.
That is the standard.
Of course - you could play around eg send staff on evening / weekend courses and offer them more study leave, or only pay for the online course and offer more study leave, which is much cheaper option.
Kaplan is around £1,000 per
Kaplan is around £1,000 per exam for their Live Online courses for the F level papers which includes the books, tuition and revision. Exams cost around £90 depending on when you enter.
I'm currently in the middle of studies myself and study/exam leave is taken out of annual leave days.
The student also requires a mentor in the the office so as far as I'm aware for them to fully complete their ACCA you would also need to be an ACCA member - there is a whole rigmarole to go through for the ACCA employer training badge, I remember lots of sweary words!! So the student would maybe have to leave part way through the qualification in order to have an ACCA member as a mentor which may mean you have paid for their education and then loose out on them post or near to qualification.
Good point by Kelly
I missed this bit but on re-reading the question you should contact the ACCA to see if you are able to sign off the students work experience.
You don't have to be ACCA but you do have to have a recognised qualification to sign off and mentor the student. A lapsed certificate may mean that you are ineligible. I suggest giving them a ring to check.
Former ACCA Trainee
Hi, allow me to throw my 2 cents in
the first 4 papers are multiple choice and can be sat anytine, these can be tackled (depending on the aptitude of the studier) via on-line lectures, or self study with a text book. These are relatively cheap and can be bought as a one off.
For papers F5 to professional level, I would budget £1,100 per paper, this will cover off all literature, study classes and revision course and the exam fee.
I would structure the training agreement over 3 years with Year 1 tackling F1-F5, and then 2 exams per sitting
training providers
Have a look at Kaplan and BPP (two of ACCA's learning providers). They outline their costs for each type of learning e.g. live classroom, distance learning, etc. then you need to add on registration fees and exam fees, and also account for a workplace mentor and any time for study leave.
I am currently on a DL course with Kaplan. They basically just send me books and some online resources. However, I have relatively good support in the workplace from my colleagues and have 12 study days a year. Guess that costs would really depend on how much time you can commit to training a staff member and how much time you can afford to have them out of office.