ACCA announces pass rates for the December 2018 exam sitting

ACCA (the Association of Chartered Certified Accountants) today announces the pass rates of the last exam sitting for 2018. The December 2018 exam sitting saw over 132,000 students around the world entering over 169,000 exams. A total of 5,470 students completed their final exams to become ACCA affiliates.

The December 2018 sitting saw an improved performance for the Strategic Professional exams, which are in their second sitting since being introduced in September 2018. Strategic Professional exams include two brand new style exams: Strategic Business Leader and Strategic Business Reporting. These two exams have been designed to meet the needs of employers and better equip students to be professional accountants of the future, with both having a strong focus on professional skills and meeting the needs of stakeholders.

Commenting on the latest exam results, Alan Hatfield, ACCA executive director- strategy and development said, “The pass rates for the December 2018 session are very pleasing overall. It is excellent to see the improvement in the Strategic Business Leader pass rate from the September session. In fact entry numbers for both new style exams, Strategic Business Leader and Strategic Business Reporting, were more than double those of the September session, which is also great news.”  

This is indicative of the increasing demand for the ACCA Qualification. Globally, enrolment for computer-based ACCA exams in particular has grown. There was a 10% increase in the uptake of the on demand ACCA and Foundations exams and ACCA Applied Skills in this session compared to the June 2018 period.

“The new exams offered at Strategic Professional have received what we believe to be the most extensive support program for learning providers ever undertaken by a professional body, with over 2,000 tutors being trained globally in a face to face programme.  Additionally, ACCA has provided many free webinars, podcasts and articles for students and tutors to target specific syllabus areas and professional skills, as well as understanding exam technique in the new style exams”, said Alan Hatfield.

Students attending tuition from approved learning providers combined with ACCA’s own resources achieved better pass rates in all exams than those who self-studied, showcasing the importance of students seeking quality support and undertaking guided practice for the ACCA Qualification. The learning of professional skills in particular can be greatly enhanced by the broad and discursive nature of group learning.

The ACCA Qualification rigorously tests the skills, abilities and competencies demanded of a modern day accountant, preparing students for a rewarding career as a qualified and ethical finance professional.

“We’re continuing to invest in our programme of support, especially for the Strategic Professional exams. This includes investment in resources for Strategic Business Leader, our innovative, integrated case study, and Strategic Business Reporting which has a strong focus on stakeholder needs in financial reporting. ACCA is committed to supporting students to better apply knowledge in the working environment and demonstrate the skills employers expect”, concluded Alan Hatfield.

ACCA Qualification

Pass rate

   

Applied Knowledge

 

AB - Accountant in Business

83%

MA -  Management Accounting

64%

FA - Financial Accounting

72%

   

Applied Skills

 

LW  - Corporate and Business Law

82%

PM  - Performance Management

39%

TX  -  Taxation

51%

FR  - Financial Reporting

51%

AA  - Audit and Assurance

38%

FM  - Financial Management

43%

   

Strategic Professional - Essentials

 

SBL - Strategic Business Leader

48%

SBR - Strategic Business Reporting

47%

   

Strategic Professional – Options

 

AAA - Advanced Audit and Assurance

31%

AFM - Advanced Financial Management

41%

APM - Advanced Performance Management

33%

ATX - Advanced Taxation

40%

 

FOUNDATION LEVEL QUALIFICATIONS

Pass rate

ACCA Diploma in Financial and Management Accounting   (Level 2 RQF)

 

FA1 – Recording Financial transactions

78%

MA1 – Management Information

79%

   

ACCA Diploma in Financial and Management Accounting (Level 3 RQF)

 

FA2  - Maintaining Financial Records

79%

MA2 – Managing Costs and Finance

76%

   

ACCA Diploma in Accounting and Business (Level 4 RQF)

 

FAB – Accountant in Business

75%

FMA –Management Accounting

64%

FFA – Financial  Accounting

63%

   

Foundation Specialist Certificates (RQF Level 4)

 

FAU Foundations in Audit

53%

FTX Foundations in Taxation

64%

FFM Foundations in Financial Management 

59%

 

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"The pass rates for the December 2018 session are very pleasing overall. It is excellent to see the improvement in the Strategic Business Leader pass rate from the September session. In fact entry numbers for both new style exams, Strategic Business Leader and Strategic Business Reporting, were more than double those of the September session, which is also great news."

Alan Hatfield - ACCA executive director strategy and development