Record number of students complete ACCA exams
A record number of students successfully completed their ACCA (Association of Chartered Certified Accountants) final examinations in June 2008. There was also a record number of entrants for the examinations, with 164,646 candidates taking a total of 335,566 papers.
The exam results, issued today (18 August), show that 6,174 students have successfully completed their final examinations, to become ACCA affiliates. Student performance at the Professional Level was in line with expectations but there were some disappointing results within the Fundamentals papers.
Clare Minchington, ACCA’s managing director - learning and technical policy, said: “The new qualification, launched in 2007, continues to be well received by employers, tuition providers and candidates. To meet the demands of globalised and complex economies, we are committed to ensuring that all our examinations meet the highest standards and provide a thorough testing of our students.
“We are working closely with a range of partners to facilitate students' access to the best possible tuition provision and have developed a number of initiatives including ‘Train the Trainer’, where we share best practice with those who teach accounting to ACCA students around the world.”
Please find attached the pass rates for the June 2008 sitting of the ACCA Qualification.
June 2008 global pass rates
%
F1 Accountant in Business 83
F2 Management Accounting 51
F3 Financial Accounting 48
F4 Corporate & Business Law 46
F5 Performance Management 28
F6 Taxation 45
F7 Financial Reporting 33
F8 Audit and Assurance 32
F9 Financial Management 42
P1 Professional Accountant 49
P2 Corporate Reporting 48
P3 Business Analysis 49
P4 Adv Financial Management 36
P5 Adv Performance Management 37
P6 Adv Taxation 36
P7 Adv Audit and Assurance 33
Ends
Notes to Editors
1. ACCA is the global body for professional accountants. We aim to offer 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. We have 325,606 students and 122,426 members in 170 countries worldwide.
2. ACCA believes that globalisation of business requires one set of reporting standards. We favour principles-based, not rules-based standards, which is why we support the worldwide implementation of IFRS.
3. ACCA believes that tax systems should be transparent, simplified, fair and certain.
4. Complying with regulations affects SMEs disproportionately, which is why ACCA urges governments and standard setters to ‘think small first'’
For further information please contact:
For further information, please contact: Colin Davis, ACCA Newsroom phone: +44 (0)20 7059 5738