Press Release

Examination success for ACCA students

20 August 2007

A record number of ACCA candidates - 154,716 - sat ACCA (the Association of Chartered Certified Accountants) examinations in June 2007, taking 344,007 papers at 342 examination centres in 133 countries around the world.

Candidates came from a wide variety of working backgrounds – with the majority working in the corporate sector, followed by public practice and the public sector. And over 6,000 students successfully completed all their professional examinations to achieve affiliate status of the global accountancy body – the largest number of students ever to achieve this standing.

June 2007 was also the last sitting of ACCA’s old professional examination, which is being replaced in December 2007 by the new ACCA Qualification with its fresh focus on professionalism and ethics. Results for these qualifications will be announced in February 2008.

Clare Minchington, ACCA’s managing director of education, learning and development, said: “The numbers of students gaining affiliate status is extremely heartening and we hope to see this grow further in the future. Yet again, these results show solid performance, with excellent percentage pass rates not only in a traditional examination such as the Business Taxation paper at 60 per cent but also in the Strategic Business Planning and Development paper at 55 per cent, surely a sign that candidates are getting to grips with the vital issues for 21st century accountants.

“Slightly more disappointing was the performance of candidates in the auditing papers, both of which were in the low thirties. Students are still struggling with the applied and practical nature of this discipline.”

 

June 2007 session global pass rates are as follows:     June 07
%     
Paper 1.1 : Preparing Financial Statement       46    
Paper 1.2 : Financial Information for Management        40    
Paper 1.3 : Managing People     47    
Paper 2.1 : Information Systems 53    
Paper 2.2 : Corporate and Business Law  47    
Paper 2.3 : Business Taxation   60    
Paper 2.4 : Financial Management and Control    37    
Paper 2.5 : Financial Reporting 44    
Paper 2.6 : Audit and Internal Review   33    
Paper 3.1 : Audit and Assurance Services        35    
Paper 3.2 : Advanced Taxation   38    
Paper 3.3 : Performance Management      43    
Paper 3.4 : Business Information Management     54    
Paper 3.5 : Strategic Business Planning & Development   55    
Paper 3.6 : Advanced Corporate Reporting        44    
Paper 3.7 : Strategic Financial Management      38