The Association of Chartered Certified Accountants announced the results for their June 2017 exam sitting, showing an uptick in passing rates among test-takers.
Last month, 135,259 students worldwide sat for 186,011 exams taken, with 5,853 students ultimately completing their final exams to become Association members. According to the ACCA, increases in education and support therein have contributed to better exam numbers.
‘We are pleased with our latest exam results," stated ACCA’s executive director of strategy and development Alan Hatfield, per a statement. "Affiliate numbers remain very strong, with close to 5,900 new affiliates completing their exams this session. Currently, our affiliate number stands at a total of 9,385, which is 3% up this half year compared to the latter half of 2016. We’ve also seen a growing number of students taking CBE session-based exams which are designed to reflect the real world skills required by employers."
"What’s becoming increasingly clear is that when students access and use the right learning support – especially blended options combining learning provider courses with ACCA’s own resources across all levels of the syllabus – pass rates get stronger," Hatfield added.
The June 2017 ACCA Exam qualifications and pass rates are as follows:
|Pass rate % |
|F1 - Accountant in Business ||83% |
|F2 - Management Accounting ||64% |
|F3 - Financial Accounting ||68% |
|F4 - Corporate and Business Law ||77% |
|F5 - Performance Management ||43% |
|F6 - Taxation ||50% |
|F7 - Financial Reporting ||48% |
|F8 - Audit and Assurance ||43% |
|F9 - Financial Management ||46% |
|P1 - Governance, Risk and Ethics ||51% |
|P2 - Corporate Reporting ||47% |
|P3 - Business Analysis ||54% |
|P4 - Advanced Financial Management ||34% |
|P5 - Advanced Performance Management ||32% |
|P6 - Advanced Taxation ||43% |
|P7 - Advanced Audit and Assurance ||32% |
|Foundations in Accountancy ||Pass Rate % |
|Introductory Certificate in Financial and Management Accounting || |
|FA1 – Recording Financial transactions ||73% |
|MA1 – Management Information ||79% |
Intermediate Certificate in Financial and Management Accounting
|FA2 - Maintaining Financial Records ||67% |
|MA2 – Managing Costs and Finance ||53% |
Diploma in Accounting and Business
|FAB – Accountant in Business ||74% |
|FMA –Management Accounting ||67% |
|FFA – Financial Accounting ||64% |
Foundation Specialist Awards
|FAU – Foundations in Audit ||58% |
|FTX – Foundations in Taxation ||78% |
|FFM – Foundations in Financial Management ||64% |
The ACCA is also set to introduce their "Future with the Ethics and Professional Skills" learning module on October 31, designed to better prepare students with more lifelike skills and business situations they'll be likely to face in their careers.
For more on the ACCA, head to their site here.