Exemptions are offered to those students who have previously studied for a relevant accountancy qualification.
"ACCA Exemption Benefit
If you already have some qualifications then you may not have to take all of the exams in the ACCA Qualification. These are called ACCA exemptions and mean that you will start your studies at the right level for your knowledge and skill.

ACCA Registration

Following are most common exemptions available:
1) Exemptions for B.Com and M.Com Qualified Students
For students who have already qualified B.Com / M.Com, they have the exemptions of ACCA knowledge level i.e. F1 to F3 and ACCA Skill level i.e.F4 subject.

F1 – Business and Technology (BT)
F2 – Management Accounting (MA)
F3 – Financial Accounting (FA)
F4 – Corporate and Business Law (LW)
2) Exemptions for BBA Qualified Students
For students who have already qualified BBA, they have the exemptions of ACCA knowledge level i.e. F1 subject.

F1 – Business and Technology (BT)
3) Exemptions for MBA Qualified Students
For students who have already qualified MBA, they have the exemptions of ACCA knowledge level i.e. F1 to F3 subject.

F1 – Business and Technology (BT)
F2 – Management Accounting (MA)
F3 – Financial Accounting (FA)"