AMCT exemptions

Automatic exemptions

The following information outlines which qualifications are eligible for automatic exemptions:

• Professional accounting qualifications
• Academic and other professional qualifications

Professional accounting qualifications

Automatic exemption from AMCT stage one – Certificate in Financial Fundamentals (CertFin) if you are:

• a qualified accountant from an IFAC member body, go to the IFAC website for a list of members

or you have completed:

• ACCA’s Advanced Diploma in Accounting and Business
• CIMA’s Advanced Diploma in Management Accounting
• ICAEW’s ACA Professional Stage
• AAT accounting qualification

If you are a part qualified CIMA, ICAEW and ACCA accountant, you may be eligible for automatic exemption from one or more of the CertFin exams. See the download for further information.

Exemptions for part qualified accountants

There is no charge for automatic exemption from CertFin if you have one of the professional accounting qualifications listed above.

Academic and other professional qualifications

If you hold a directly relevant Bachelor or Masters degree or one of the listed professional qualifications, you will be automatically exempt from the relevant CertFin exam. See the download for further information.

Exemptions for academic and other professional qualifications

When your enrolment is processed, £250+VAT will be deducted from the CertFin course fee for each exemption awarded. Students exempt from all four CertFin modules will be charged a fee of £200+VAT.

Enrolling

When you enrol, submit a copy of your qualification certificate or a transcript as proof that you are eligible for exemption(s). A transcript is an official document from your awarding body which lists the modules you studied to obtain your qualification.

Enrol now

Contact us

If you have any questions about exemptions, visit our FAQs for further information or email education@treasurers.org.

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Individually reviewed exemptions

You should have your qualification individually reviewed for exemption if you think you have covered the syllabus for one or more of the CertFin modules in your previous studies and you are not eligible for automatic exemption.
The ACT is unable to comment on the likelihood of exemptions being awarded prior to assessment.

How to apply

You need to complete the CertFin exemption application form. This form requires you to identify where in your previous qualification(s) you have covered the syllabus for each of the CertFin modules(s) you are applying for exemption from.

CertFin exemption application form

In addition to the CertFin exemption application form, you also need to submit:

• A copy of your relevant qualification certificate as proof of completion
• A transcript (we do not accept online print outs or screenshots; only official documentation is accepted)
• A detailed copy of the syllabus for each module you will be referencing in the CertFin exemption application form

Non-English certificates, transcripts and syllabi must be translated into English and certified as ‘an accurate translation of the original’ by someone who is fluent in both languages and not related to you.

Transcript: An official document from your awarding body which lists the modules you studied to obtain your qualification.
Syllabus: A description of the content covered in a study module or course.

AMCT exemption application form checklist

1. Fill out the personal details section of the form, indicate which module(s) you are applying for an exemption from and give details of the qualification(s) you are basing your application on.
2. Cross-reference the relevant areas from your academic/ professional qualification syllabus against the CertFin syllabus for the module(s) you are applying for exemption from.
3. Once you have completed the CertFin exemption application form send this, along with a copy of your qualification certificate/ proof of completion, transcript and syllabus to: Education Department, ACT, 51 Moorgate, London, EC2R 6BH or email education@treasurers.org

We will confirm receipt of your documents by email. Arrangements will then be made for the application to be reviewed.

Exemption applications can take 3-6 weeks to be reviewed, once we know the outcome we will notify you by email.

Allow enough time prior to the deadlines to have your exemption application reviewed.

The enrolment deadlines are:

• 15 February to submit your exemption application to enrol by 15 March
• 15 August to submit your exemption application to enrol by 15 September

If we do not receive your exemption application by the deadline stated, we cannot guarantee your application will be reviewed prior to the enrolment deadline.

Enrolling

You can enrol once a decision has been made regarding your application.

Enrol now for more information.

Contact us

If you have any questions about exemptions, visit our FAQs for further information or email education@treasurers.org.

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