ACCA’s second exam session in 2018 boasts improved pass rates

Pass rates for the June 2018 exam sitting were announced today by ACCA (the Association of Chartered Certified Accountants).

There were good pass rates for the final session of the P1 Governance, Risk and Ethics and P3 Business Analysis exams, notably in the P1 exams where 54% of students were successful. From September 2018, ACCA introduces its suite of new Strategic Professional exams which were created following extensive research into the skills that are needed for professional accountants of the future. These two exams will be replaced by a new and innovative case study, Strategic Business Leader, which examines technical, ethical and professional skills in a real-life scenario.

This latest exam sitting saw 132,098 students around the world enter a total of 174,827 exams, with 5,090 students completing their final exams to become ACCA affiliates.

Reacting to the latest exam results, Alan Hatfield, ACCA executive director strategy and development said: ‘It was great to see pass rates maintained or improved in this last session of our existing Essentials exams (P1-P3). Furthermore, the June 2018 sitting saw improved pass rates across the specialist Options exams ACCA offers (P4-P7). These exams allow people to specialise in their chosen career path in practice, industry or public sector. We are retaining this choice when we introduce Strategic Professional in September.

‘Additionally, in improving workplace relevance, over 60% of the Skills exams (F5-F9) were taken as session-based computer-based exams (CBE), which replicate the real workplace using spreadsheet and word processing skills, as well as testing technical skills. Ample support has gone into preparing students to better apply knowledge in the working environment and demonstrate the skills employers expect.

‘With the continued success of the CBE rollout, F5-F9 paper exams have been fully withdrawn from 23 of our markets, making CBE the only mode offered in those markets in the June session.’

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 concluded: ‘We are pleased our affiliate numbers remain strong. Success rates for students attending ACCA Approved Learning Providers combined with ACCA’s own resources are much stronger than those who do not. We look forward to this continuing as we introduce Strategic Professional exams in September. These exams include Strategic Business Leader, our innovative, integrated case study, and  Strategic Business Reporting which has a strong focus on stakeholder needs in financial reporting.’

ACCA Qualification

 

Pass rate %

Knowledge

 

F1 - Accountant in Business

83%

F2 -  Management Accounting

67%

F3 - Financial Accounting

71%

 

Skills

 

F4  - Corporate and Business Law

80%

F5  - Performance Management

38%

F6  -  Taxation

50%

F7  - Financial Reporting

50%

F8  - Audit and Assurance

40%

F9  - Financial Management

48%

 

Essentials

 

P1  - Governance, Risk and Ethics

54%

P2 - Corporate Reporting

50%

P3 - Business Analysis

52%

 

Options

 

P4 - Advanced Financial Management

40%

P5 - Advanced Performance Management

35%

P6 - Advanced Taxation

40%

P7 - Advanced Audit and Assurance

34%

 

Foundations in Accountancy

Pass Rate %

Introductory Certificate in Financial and Management Accounting  

 

FA1 – Recording Financial transactions

74%

MA1 – Management Information

75%

 

Intermediate Certificate in Financial and Management Accounting

 

FA2  - Maintaining Financial Records

55%

MA2 – Managing Costs and Finance

55%

 

Diploma in Accounting and Business

 

FAB – Accountant in Business

73%

FMA –Management Accounting

67%

FFA – Financial  Accounting

68%

 

Foundation Specialist Awards

 

FAU Foundations in Audit

52%

FTX Foundations in Taxation

72%

FFM Foundations in Financial Management 

60%

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For media enquiries, contact:

 

Monique McKenzie

E: Monique.McKenzie@accaglobal.com

Tel: 020 7059 5030
Mobile: 07725613447

Twitter: @ACCANews

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering 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.

ACCA supports its 200,000 members and 486,000 students in 180 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 101 offices and centres and more than 7,200 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.

ACCA is currently introducing major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. More information is here: www.accaglobal.com

 

"We are pleased our affiliate numbers remain strong. Success rates for students attending ACCA Approved Learning Providers combined with ACCA’s own resources are much stronger than those who do not. We look forward to this continuing as we introduce Strategic Professional exams in September."

Alan Hatfield - executive director strategy and development