Results out
A record number of trainees took ACCA exams in December 2008 with 182,449 students taking 365,528 papers. This growth compares favourably with 164,646 candidates taking a total of 335,566 papers in June 2008.
The exam results, issued on 16 February 2009, revealed that 6,447 students successfully completed their final examinations to become ACCA affiliates. There was also an improvement in pass rates at the Professional level, which led to an overall increase in affiliates of 4.4% compared to June 2008.
Clare Minchington, ACCA's executive director – learning and customer service, said: 'This is the third sitting of the current syllabus, which was first examined in December 2007. The exams were well received by candidates, employers, and tuition providers.
'By working closely with our partners and tuition providers, we strive to ensure that students have a 360 degree, global education to enable them to be tomorrow's business leaders in a challenging global environment. Our "Train the Trainer" initiative, where we share best practice with those who teach accounting to ACCA students around the world, has helped students to reach for success.'
The pass rates for the December 2008 sitting of the ACCA Qualification are as follows:
Paper F1 Accountant in Business – 67%
Paper F2 Management Accounting – 59%
Paper F3 Financial Accounting – 50%
Paper F4 Corporate and Business Law – 39%
Paper F5 Performance Management – 30%
Paper F6 Taxation – 53%
Paper F7 Financial Reporting – 42%
Paper F8 Audit and Assurance – 43%
Paper F9 Financial Management – 40%
Paper P1 Professional Accountant – 53%
Paper P2 Corporate Reporting – 54%
Paper P3 Business Analysis – 52%
Paper P4 Advanced Financial Management – 36%
Paper P5 Advanced Performance Management – 43%
Paper P6 Advanced Taxation – 41%
Paper P7 Advanced Audit and Assurance – 39%
The pass rates for the December 2008 sitting of the Certified Accounting Technician (CAT) scheme are as follows:
Paper 1 Recording Financial Transactions – 77%
Paper 2 Information for Management Control – 33%
Paper 3 Maintaining Financial Records – 45%
Paper 4 Accounting for Costs – 37%
Paper 5 Managing People and Systems – 41%
Paper 6 Drafting Financial Statements – 82%
Paper 7 Planning, Control and Performance Management – 55%
Paper 8 Implementing Audit Procedures – 46%
Paper 9 Preparing Taxation Computations – 73%
Paper 10 Managing Finances – 60%