ACCA - The global body for professional accountants
It is good to note that many of the students who have passed their final papers have also completed their practical experience requirements whilst studying for the exams and we look forward to welcoming them to ACCA membership soon
—Alan Hatfield, director-learning, ACCA

A record number of students around the world successfully completed their final exams in the ACCA (Association of Chartered Certified Accountants) examinations in December 2012.

More than 7,200 students passed their final exams - a slight increase on the previous record numbers in June 2012 – which will enable them to take the next step to ACCA membership.  In all, over 198,000 candidates took almost 367,000 papers around the world, with more than 60,000 students sitting computer based exams.

Pass rates were in line with expectations, but ACCA will be looking at what it can do to further assist students and learning providers to enable more students to succeed in papers where success rates are lower.

Alan Hatfield, ACCA director - learning, said: 'All students who have passed their exams deserve a great deal of praise, particularly the 7,200 who have completed their final exams and are able to demonstrate that they have a comprehensive range of skills and a full understanding of the finance chain –  in short, that they are complete finance professionals – something which employers have stressed they need in a difficult economic environment. It is good to note that many of the students who have passed their final papers have also completed their practical experience requirements whilst studying for the exams and we look forward to welcoming them to ACCA membership soon. I hope all students are able to successfully complete their practical experience requirements and to go on to become members of ACCA.'

'While most results are in line with historical averages, we will be looking closely at pass rates to look at what action we need to take, in partnership with learning providers, to see what improvements can be made. For example, it has been encouraging to see that results for Paper F7, Financial Reporting have continued to improve, following an investment in extra help for students and tutors,' said Alan Hatfield.

December 2012 session ACCA Qualification pass rates:

Paper F1, Accountant in Business, 65%
Paper F2, Management Accounting, 59%
Paper F3, Financial Accounting, 55%
Paper F4, Corporate and Business Law, 41%
Paper F5, Performance Management, 37%
Paper F6, Taxation, 47%
Paper F7, Financial Reporting, 53%
Paper F8, Audit and Assurance, 34%
Paper F9, Financial Management, 43%
Paper P1, Governance, Risk and Ethics, 50%
Paper P2, Corporate Reporting, 49%
Paper P3, Business Analysis, 48%
Paper P4, Advanced Financial Management, 33%
Paper P5, Advanced Performance Management, 33%
Paper P6, Advanced Taxation, 44%
Paper P7, Advanced Audit and Assurance, 32%

December 2012 session Foundations in Accountancy pass rates:

Introductory Certificate in Financial and Management Accounting

FA1, Recording Financial Transactions, 70%
MA1, Management Information, 74%

Intermediate Certificate in Financial and Management Accounting

FA2, Maintaining Financial Records, 61%
MA2, Managing Costs and Finance, 53%

Diploma in Accounting and Business

FAB, Accountant in Business, 52%
FMA, Management Accounting, 48%
FFA, Financial Accounting, 46%

Foundation Specialist papers

FAU,Foundations in Audit, 48%
FTX, Foundations in Taxation, 70%
FFM, Foundations  in Financial Management, 49%

For more information, please contact:

Colin Davis, ACCA Newsroom
+44 (0) 207 059 5738
+44 (0) 7720 347713
colin.davis@accaglobal.com

Helen Thompson, ACCA Newsroom
+44 (0)20 7059 5759
+44 (0)7725 498654
helen.thompson@accaglobal.com

Notes to Editors

  1. ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. We aim to offer business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.
  2. We support our 154,000 members and 432,000 students in 170 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. We work through a network of over 80 offices and centres and more than 8,400 Approved Employers worldwide, who provide high standards of employee learning and development. Through our public interest remit, we promote appropriate regulation of accounting and conduct relevant research to ensure accountancy continues to grow in reputation and influence.
  3. Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. We believe that accountants bring value to economies in all stages of development and seek to develop capacity in the profession and encourage the adoption of global standards. Our values are aligned to the needs of employers in all sectors and we ensure that through our qualifications, we prepare accountants for business. We seek to open up the profession to people of all backgrounds and remove artificial barriers, innovating our qualifications and delivery to meet the diverse needs of trainee professionals and their employers.