ACCA welcomes results for December exam sitting

The Association of Chartered Certified Accountants (ACCA) has announced impressive pass rates from the latest December 2017 exam sitting, which saw 5,548 students worldwide complete their final exams on the path to becoming ACCA members.

Across the whole of 2017, the second year in which ACCA has offered four exam sessions a year, over 19,500 students have achieved affiliate status, requiring completion of their practical experience requirements and ACCA’s innovative Ethics and Professional Skills module to entitle them to full membership.

Reacting to the results, ACCA’s Alan Hatfield, executive director strategy and development, said: “We’re delighted with the improvement in many pass rates at the December 2017 sitting. The Essentials exams pass rates in particular were strong, especially that of P3 Business Analysis. ACCA is currently carrying out extensive Train the Trainer sessions across the world in preparation for the Strategic Business Leader study exam being introduced later this year. Many existing P3 tutors have been attending these sessions, enabling ACCA to further connect with markets and drive global standards.”

In the UK, students completing ACCA Level 4 Professional Accounting Technician Apprenticeship all achieved 100 per cent success rate. The apprenticeships include a mixture of exams, work experience and reflection. All apprentices also take ACCA’s Foundations in Professionalism online module, which will help them develop their understanding of what it means to act professionally and ethically in the work they carry out. Two thirds of the students received a distinction in the December 2017 exam session results.

Worldwide 139,039 students entered the exam sitting, which saw a total of 190,249 exams taken in session, and a further 53,735 on demand exams sat in the last three months.

ACCA said the qualification rigorously tests the skills, abilities and competencies demanded by a modern day accountant, preparing students for a rewarding career as a qualified and ethical finance professional.

Alan Hatfield added: “ACCA proudly supports its students, who continue to benefit from increased flexibility to manage their studies proactively. We’re committed to delivering a qualification to shape the future of global accountancy, giving students the essential skills needed to be the professional and ethical accountants of the future.”