ACCA announced impressive pass rates 

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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

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