The Association of Chartered Certified Accountants (ACCA) recently held their first September exam sessions, involving more than 1,850 students who completed their final papers and became closer to fully becoming finance professionals.
An additional 1,844 students completed the Fundamental Skills exams at the session and now able to move onto the Professional Level exams
Approximately 50,000 students took the opportunity to sit or resit ACCA examinations, which were available in 15 countries: China; Ghana; Ireland; Kazakhstan; Kenya; Malaysia; Mauritius; Nepal; Nigeria; Romania; Uganda; UK; Vietnam; Zambia and Zimbabwe.
Based off the success of the September sessions, ACCA will plan on running exams in March, June, September and December next year in all 162 countries it offers exam sittings, with March 2016 being the first additional session available to all ACCA students.
“We are delighted with the response to the additional exam sittings," stated Mary Bishop, ACCA’s director of learning. "We had forecast that 30,000 students would register, but more than 50,000 in 15 countries took the opportunity to use the additional session to focus on specific exam papers, with many opting for one paper only."
“Judging from the overwhelmingly positive response from the markets where the exams were initially offered, the move to four sessions a year will prove extremely popular with our students and with employers, who have told us they welcome the flexibility that the additional sessions will bring," Bishop continued. "We look forward to working with tuition providers, employers and students to ensure that they can all take full advantage of the new opportunities available as a result of the new sessions.”
Pass rates for the September exams were in line with previous sessions. There were no papers available for on demand exams (F1 to F4 and Foundation level) and these will be reported on six monthly.
The September 2015 session ACCA Qualification pass rates were as follows:
F5 – Performance Management – 39%
F6 – Taxation – 47%
F7 – Financial Reporting – 44%
F8 – Audit and Assurance – 42%
F9 – Financial Management – 35%
P1 – Governance, Risk and Ethics – 48%
P2 – Corporate Reporting – 44%
P3 – Business Analysis – 45%
P4 – Advanced Financial Management – 36%
P5 – Advanced Performance Management – 30%
P6 – Advanced Taxation – 45%
P7 – Advanced Audit and Assurance – 29%
For more on the ACCA, head to their site here.