ACCA announced impressive pass rates
ACCA (Association of Chartered Certified Accountants) today announces impressive pass rates from the latest December 2016 exam sitting, which saw over 5,000 students worldwide complete their final exams, bringing the annual total to 19,514.
The announcement comes as ACCA completes another year of innovations to the rigorous Qualification, with its first non- pilot session of computer based exams offered to more students worldwide, as well as completion of the first year of offering four exam sittings per year globally, a major step for students seeking membership with the global accounting body.
Reacting to the success, ACCA’s Alan Hatfield, executive director strategy and development said:
‘These positive exam results highlight the success of our four exam sessions introduced last year, and credit our learning providers who have supported the transformations to the qualification. As always students attending our approved learning providers continue to get stronger pass rates. We look forward to even more learning providers offering teaching towards all four sessions in the coming year.
‘We’ve achieved our highest number of affiliates in recent years – over 19,000 up nearly 17% from 16,700 the previous year. There’s also continued success achieved from our ground-breaking computer-based Skills exams (F5-F9) where students apply word processing skills and spreadsheet skills within the context of the exam, alongside the demonstration of accountancy skills as they are required to do in the workplace.’
The ACCA Qualification rigorously tests the skills, abilities and competencies demanded by a modern day accountant, preparing students for a rewarding career as a qualified and ethical finance professional.
Alan Hatfield concludes: ‘ACCA proudly supports its students who are on their way to becoming the next generation of professional accountants. It’s clear the new developments to the exam environment and learning support have enabled students to benefit from increased flexibility to manage their studies proactively and achieve success.’
ACCA Qualification
|
Pass rate % |
Knowledge | |
F1 – Accountant in Business | 82 |
F2 – Management Accounting | 63 |
F3 – Financial Accounting | 71 |
Skills |
|
F4 – Corporate and Business Law | 82 |
F5 – Performance Management | 40 |
F6 – Taxation | 52 |
F7 – Financial Reporting | 50 |
F8 – Audit and Assurance | 40 |
F9 – Financial Management | 45 |
Essentials |
|
P1 – Governance, Risk and Ethics | 49 |
P2 – Corporate Reporting | 51 |
P3 – Business Analysis | 49 |
Options |
|
P4 – Advanced Financial Management | 33 |
P5 – Advanced Performance Management | 30 |
P6 – Advanced Taxation | 34 |
P7 – Advanced Audit and Assurance | 31 |
Foundations in Accountancy | Pass Rate % |
Introductory Certificate in Financial and Management Accounting | |
FA1 – Recording Financial transactions | 74 |
MA1 – Management Information | 76 |
Intermediate Certificate in Financial and Management Accounting |
|
FA2 – Maintaining Financial Records | 73 |
MA2 – Managing Costs and Finance | 70 |
Diploma in Accounting and Business |
|
FAB – Accountant in Business | 74 |
FMA –Management Accounting | 60 |
FFA – Financial Accounting | 63 |
Foundation Specialist Awards |
|
FAU – Foundations in Audit | 47 |
FTX – Foundations in Taxation | 75 |
FFM – Foundations in Financial Management | 50 |
Source: ACCA