Exemptions are available from one or more of the four modules that comprise the AMCT stage one – Certificate in Financial Fundamentals (CertFin)
- Financial and Management Accounting (FMA)
- Economics and Statistical Analysis (ESA)
- Corporate Taxation (CT)
- Business Law (BL)
Exemption awards are based upon any relevant academic or professional qualifications you have gained. The ACT does not award exemptions from the CertFin exams on the basis of professional experience or exemptions you have gained from previous qualifications.
If your relevant academic and/ or professional qualification is not listed as eligible for automatic exemption, you can apply to have it reviewed on an individual basis.
For terms and conditions of exemptions read the enrolment policy.
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.
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.
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.
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.
If you have any questions about exemptions, visit our FAQs for further information or email email@example.com.