Record number of students complete ACCA exams

Kuala Lumpur – A record number of students around the world successfully completed their final exams in the ACCA (Association of Chartered Certified Accountants) examinations in December 2012.

More than 7,200 students passed their final exams - a slight increase on the previous record numbers in June 2012 – which will enable them to take the next step to ACCA membership.  In all, over 198,000 candidates took almost 367,000 papers around the world, with more than 60,000 students sitting computer based exams.

Pass rates were in line with expectations, but ACCA will be looking at what it can do to further assist students and learning providers to enable more students to succeed in papers where success rates are lower.

Alan Hatfield, ACCA director-learning, said: “All students who have passed their exams deserve a great deal of praise, particularly the 7,200 who have completed their final exams and are able to demonstrate that they have a comprehensive range of skills and a full understanding of the finance chain – in short, that they are complete finance professionals – something which employers have stressed they need in a difficult economic environment. It is good to note that many of the students who have passed their final papers have also completed their practical experience requirements whilst studying for the exams and we look forward to welcoming them to ACCA membership soon. I hope all students are able to successfully complete their practical experience requirements and to go on to become members of ACCA.”

“While most results are in line with historical averages, we will be looking closely at pass rates to look at what action we need to take, in partnership with learning providers, to see what improvements can be made. For example, it has been encouraging to see that results for Paper F7, Financial Reporting have continued to improve, following an investment in extra help for students and tutors,” said Alan Hatfield.