A record number of students took ACCA exams in December 2009, with 197,928 candidates taking 388,872 papers. This growth compares favourably with 187,335 students taking a total of 370,715 papers in June 2009.
The exams results, issued on 22 February, revealed that 6,678 students successfully completed their final exams to become ACCA affiliates.
'We are delighted that results are steadily improving throughout the professional level papers,' said Aude Leonetti, ACCA acting executive director - learning. 'This is, we believe, due to our continued focus on study resources and strong partnerships with learning providers around the world.
'We are also extremely pleased to see that performance in the Fundamentals paper F5 (Performance Management) continues to improve as a result of the package of support that we put in place for this paper. We continue to focus on ensuring that students have the best possible resources to enable them to progress through ACCA’s internationally recognised examinations.
'It is encouraging to see that despite the global economic conditions, tens of thousands of people continue to develop their skills for a career in accounting. We also want to congratulate the 6,678 people who have now completed their exams and we look forward to welcoming them to ACCA membership on completion of their practical experience requirements and professional ethics module. ACCA is committed fully to supporting these individuals in the next phase of their careers.'
The pass rates for the December 2009 sitting of the ACCA Qualification are as follows:
- Paper F1 Accountant in Business - 66%*
- Paper F2 Management Accounting - 58%*
- Paper F3 Financial Accounting - 64%*
- Paper F4 Corporate and Business Law - 42%
- Paper F5 Performance Management - 52%
- Paper F6 Taxation - 51%
- Paper F7 Financial Reporting - 39%
- Paper F8 Audit and Assurance - 40%
- Paper F9 Financial Management - 37%
- Paper P1 Professional Accountant - 49%
- Paper P2 Corporate Reporting - 58%
- Paper P3 Business Analysis - 48%
- Paper P4 Advanced Financial Management - 41%
- Paper P5 Advanced Performance Management - 42%
- Paper P6 Advanced Taxation - 39%
- Paper P7 Advanced Audit and Assurance - 39%
The pass rates for the December 2009 sitting of the Certified Accounting Technician (CAT) scheme are as follows:
- Paper 1 Recording Financial Transactions - 64%*
- Paper 2 Information and Management Control - 65%*
- Paper 3 Maintaining Financial Records - 62%*
- Paper 4 Accounting for Costs - 63%*
- Paper 5 Managing People and Systems - 42%
- Paper 6 Drafting Financial Statements - 57%
- Paper 7 Planning, Control and Performance Management - 58%
- Paper 8 Implementing Audit Procedures - 30%
- Paper 9 Preparing Taxation Computations - 59%
- Paper 10 Managing Finances - 36%
The pass rates for the December 2009 sitting of the Diploma in Financial Management (DipFM) are as follows:
- Paper DA1 Interpretation of Financial Statements/Performance Management - 36%
- Project DA2 - 83%
- Paper DB1 Financial Strategy/Risk Management - 31%
- Project DB2 - 54%
* Results achieved by students for paper-based examinations and computer-based examinations during the period of 1 August 2009 to 31 January 2010