ACCA Scholarship – The Simpson Scholarship | How Can You Get It? How To Apply For It?

The Simpson Scholarship, named after Ms. Muriel Simpson, a lifelong supporter of the ACCA (Association of Chartered Certified Accountants), has been a beacon of hope for aspiring finance professionals. Her vision was to support deserving ACCA students who exhibit academic excellence, financial need and a commitment to professional ethics. To realise this, after her death on 22 December 1977, Mrs. Simpson, in her Will, left her residuary estate to ACCA to fund a Scholarship to be called the ‘Simpson Scholarship’

Instituted to honor her dedication to ethical and professional accounting practices, these ACCA Scholarships helps outstanding ACCA students achieve their dreams without financial constraints. This article will guide you through the benefits, application process, and tips for securing this prestigious scholarship.

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About The Simpson Scholarship

The Simpson Scholarship is awarded annually to exceptional ACCA students who exhibit not only academic brilliance but also commitment to ACCA’s values of professionalism and ethics. The primary goal of the ACCA Scholarships is to recognize and support students who face financial challenges in pursuing their ACCA qualification.

Benefits of the Simpson Scholarship

• Financial Relief: The scholarship funds the student’s ACCA qualification fees, such as examination fees, for the 5 years of their ACCA jounrey or till the student completes their qualification—whichever comes first.
• Complementary study resources: ACCA Scholarships recipients will also receive a collection of study materials from ACCA’s Content Partners for each exam they are actively preparing for.
• Global Recognition: Receiving the scholarship significantly enhances the student’s academic profile, adding substantial credibility to their achievements.
• Encouragement: The presence of the ACCA Scholarships boosts confidence and morale, motivating students to perform better.

Importance of the Scholarship

This ACCA Scholarships is a lifeline for many students, ensuring they can focus on excelling in their exams without worrying about the financial burden. It also emphasizes ACCA’s commitment to fostering diversity and inclusivity in the accounting profession.

What Does the Simpson Scholarship Cover?

• Covers:
  • ACCA exam fees (for the first attempt at each paper).
  • Annual subscription fees for up to five years or till the student completes their qualification—whichever comes first
  • Registration fees for the Ethics and Professional Skills Module (EPSM).
  • Annual affiliate subscription fees
  • Membership admission fees
• Does Not Cover:
  • Tuition fees for ACCA training.
  • Costs associated with retaking exams.
  • Personal or additional learning resources.
  • annual membership subscription fee

 

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Eligibility Criteria for the Simpson Scholarship

Students that meet all the following criteria are eligible to apply for the ACCA Scholarships:

• They are an active ACCA student with a valid registration.
• Their fees for the upcoming year have been fully paid, with no outstanding dues.
• They have successfully completed the Applied Knowledge and Corporate & Business Law (LW) exams on their first attempt, maintaining an average score of 80% or higher.

OR

• If they have received exemptions from the Applied Knowledge exams and scored at least 66% in two Applied Skills exams on your first attempt.

 

Also Read- ACCA Course Fees | ACCA Fees Breakdown for Each Level

How to Apply

1. First Step:

Login to your ACCA student account and start on the Simpson scholarship application process. This includes inputting various details like –

• Personal information
• ACCA registration number
• Academic details such as exam scores

2. Write an Essay:

Applicants are required to submit an essay titled “How Receiving ACCA Scholarships Will Enable Me to Reach My Full Potential.”

The format for the essay is –

• Must be typed using MS Word or a similar word processing software.
• Should not exceed 1,000 words in length.
• Use a 12-point black font for readability.
• Format with double line spacing for clarity.
• Maintain 1-inch (2.5 cm) margins on all sides.
• Use A4-sized paper for the document.
• Include your student registration number, date, and page number at the top of each page.
• The essay must be written in English and remain clear, concise, and directly relevant to the given title.
• If incorporating tables or figures, note that every six figures will be counted as one word.

The selection panel seeks five essays that truly stand out—ones that are both compelling and inspiring. They want to see how the Simpson Scholarship will create a meaningful impact on your academic and professional journey. Consider how this opportunity will benefit you and articulate it in a way that highlights your aspirations and need for support.

3. Other Documents Required:

The applicant need to submit the following documents along with the essay-

• Provide official ACCA exam results.
• Include documentation confirming the fees for the upcoming year have been paid in full.
• Attach other relevant supporting documents, such as letters of recommendation or additional qualifications.

Once satisfied, application must be submitted via the ACCA portal before the deadline. Ensure the submission is complete to avoid any last-minute issues.

4. Deadline Considerations

Applications typically open in the first quarter of the year. Check the ACCA website for exact dates and ensure submission before the deadline.

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Common Challenges in the Application Process

• Crafting a compelling personal statement.
• Balancing application preparation with exam studies.
• Gathering impactful recommendation letters.

Tips for a Winning Scholarship Application

1. Tailoring Your Personal Statement: Share unique experiences that set you apart. Avoid generic narratives and focus on personal achievements.
2. Clear and Concise Communication: Ensure your application is well-structured and free from errors.
3. Seeking Feedback: Have mentors, peers, or professional editors review your materials before submission.

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How Proschool Supports Scholarship Aspirants

When applying for ACCA Scholarships, it’s essential to put forward a polished and compelling application. One of the best ways to ensure this is by having your materials reviewed by others before submission.These reviewers can provide valuable feedback, identify areas for improvement and ensure that your personal statement and documents are clear, concise, and impactful.

At Proschool, we support scholarship aspirants every step of the way to maximize their chances of success.

• Coaching Excellence: Ensures students excel academically, meeting the scholarship’s prerequisites.
• Application Guidance: Offers expert advice on crafting standout personal statements and gathering supporting documents.
• Financial Aid Options: Provides affordable ACCA training programs, acting as a financial safety net for aspirants.

Conclusion

The Simpson Scholarship is a golden opportunity for ACCA students to alleviate financial stress and gain recognition for their dedication and hard work. By meeting the eligibility criteria and crafting a compelling application, you can pave the way for a brighter future in the accounting and finance profession.

FAQs

• What is the Simpson Scholarship?

The Simpson Scholarship is an ACCA initiative that covers exam and subscription fees for deserving students at the Applied Skills or Strategic Professional levels.

• Who is eligible to apply for the scholarship?

Students enrolled in Applied Skills or Strategic Professional levels with a record of academic excellence and commitment to ACCA’s values.

• What documents are required for the application?

A personal statement, letters of recommendation, and proof of ACCA enrollment.

• How many students receive the scholarship each year?

Up to five students are awarded the Simpson Scholarship annually.

• Can I apply if I have exemptions from some ACCA papers?

Yes, but you must be actively pursuing Applied Skills or Strategic Professional levels.

• What costs are covered under the scholarship?

Exam fees, annual subscription fees, and EPSM registration fees are covered, but tuition and retake fees are excluded.