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ACCA announces June 2016 exam results

Date

Mon, 07/18/2016

Sections

Euro & Finance
Education

-       June sitting for ACCA students sees improved pass rates

-       Study support helps students on the path to success says ACCA

Results announced today for ACCA’s (Association of Chartered Certified Accountants) June 2016 exam sitting reveal pass rate improvements for a number of papers, especially for Advanced Performance Management, P5; Audit and Assurance, F8 and Financial Management, F9. .

Dr Mary Bishop, director of learning at ACCA, the global body for professional accountants, says: “We believe that increasingly more students are using the study support materials we’ve introduced to help them prepare and succeed at these exams. This is really good news, and we’re delighted that these resources are making an impact and putting students on the path to success.”

140,642 students entered for the June 2016 exams entering 198,144 papers, with 72,238 Computer Based Exam (CBE) sittings. The session saw 6,128 students worldwide complete their final exams, taking a major step to membership with ACCA.

Dr Mary Bishop adds: “These are exacting exams, preparing accountants who meet employers’ requirements, and who are ready for the world of work. Our Professional accountants – the future report reveals that the competencies which professional accountants and auditors need are being reshaped by trends in digital technologies and their impact on business. Therefore, innovation and relevance are important characteristics of the ACCA Qualification, mirroring how we work in the 21st century – using existing and emerging digital technologies, capabilities, practices and strategies.”

This modern and innovative approach is exemplified by ACCA’s ground-breaking CBEs (computer-based exams) for its Skills module, available from September 2016. This makes ACCA the first global body to embed spread sheets and word processing skills in their exams.

Dr Bishop explains: “Our exams have been developed by consulting with employers and seeking their opinions about what they want from employees, and also by working with Pearson Vue to develop and deliver them.”

ACCA introduced four exam sessions a year in September 2015, taking place in March, June, September and December. This gives students and their employers the ability to plan when to take exams and also help those who retake exams more flexibly, effectively and efficiently.

Dr Mary Bishop concludes: “We want students to pass the exams in this rigorous qualification - the Professional level exams are set at Masters level –so the multitude of resources to support them are essential to this process, from the Approved Learning Partners around the world who deliver students’ training, to the wealth of study support resources on ACCA’s website  coupled with the students’ own dedication to pass and succeed.”

 

ACCA Qualification

 

Pass rate %

Knowledge

 

F1 - Accountant in Business

83

F2 -  Management Accounting

63

F3 - Financial Accounting

72

Skills

 

F4  - Corporate and Business Law

80

F5  - Performance Management

41

F6  -  Taxation

46

F7  - Financial Reporting

47

F8  - Audit and Assurance

45

F9  - Financial Management

46

Essentials

 

P1  - Governance, Risk and Ethics

48

P2 - Corporate Reporting

46

P3 - Business Analysis

48

Options

 

P4 - Advanced Financial Management

40

P5 - Advanced Performance Management

38

P6 - Advanced Taxation

35

P7 - Advanced Audit and Assurance

32

.

 

Foundations in Accountancy

Pass Rate %

Introductory Certificate in Financial and Management Accounting  

 

FA1 – Recording Financial transactions

72

MA1 – Management Information

74

Intermediate Certificate in Financial and Management Accounting

 

FA2  - Maintaining Financial Records

74

MA2 – Managing Costs and Finance

62

Diploma in Accounting and Business

 

FAB – Accountant in Business

73

FMA –Management Accounting

60

FFA – Financial  Accounting

66

Foundation Specialist Awards

 

FAU – Foundations in Audit

58

FTX – Foundations in Taxation

80

FFM – Foundations in Financial Management 

45

- ends -

For media enquiries, contact:

Louis Clark, ACCA Newsroom

T: +44 (0)20 7059 5622

M: + 44 (0)7976 778 648
E: louis.clark@accaglobal.com

Notes to Editors

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants. It offers 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 188,000 members and 480,000 students in 178 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 95 offices and centres and more than 7,110 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.

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. It believes 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. ACCA’s core values are aligned to the needs of employers in all sectors and it ensures that through its range of qualifications, it prepares accountants for business. ACCA seeks to open up the profession to people of all backgrounds and remove artificial barriers, innovating its qualifications and delivery to meet the diverse needs of trainee professionals and their employers. More information is here: www.accaglobal.com

Louis Clark
Public Relations Manager
ACCA
The Adelphi, 1-11 John Adam Street
London, WC2N 6AU

020 7059 5622 / 07976 778 648
louis.clark@accaglobal.com

Twitter @ACCANews / @louisclarkPR
www.accaglobal.com

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