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Results released
New ACCA Qualification is a record breaker
20 Feb 2008
The first sitting of the exams for the new ACCA Qualification has attracted a record number of students and won praise from employers and tuition providers. In total, 156,000 students sat ACCA exams in December 2007, with 135,000 sitting the new ACCA Qualification papers – both records. More than 6,000 new affiliates completed their exams.
Clare Minchington, managing director - learning and technical policy, said: ‘The new exams have been very well received by candidates, employers, and tuition providers, which is very pleasing since the new qualification was developed following extensive consultations with those groups.
‘As a result of that consultation, the new ACCA Qualification focuses on professionalism and ethics, and the independent Exam Review Board, comprising publishers and tuition providers, welcomed our approach – describing the new Professional Accountant paper as imaginative and well grounded.'
Among the innovations which were introduced with the new ACCA Qualification was the addition of an extra 15 minutes reading and planning time on all three-hour exams. In addition, the first three subjects in the professional qualification are now available at any time during the year as two-hour computer-based exams, as well as on paper in June and December.
| December 2007 global pass rates: ACCA Qualification | % |
| F1 Accountant in Business | 81 |
| F2 Management Accounting | 56 |
| F3 Financial Accounting | 67 |
| F4 Corporate and Business Law | 42 |
| F5 Performance Management | 34 |
| F6 Taxation | 50 |
| F7 Financial Reporting | 40 |
| F8 Audit and Assurance | 43 |
| F9 Financial Management | 40 |
| P1 Professional Accountant | 53 |
| P2 Corporate Reporting | 48 |
| P3 Business Analysis | 56 |
| P4 Advanced Financial Management | 31 |
| P5 Advanced Performance Management | 42 |
| P6 Advanced Taxation | 28 |
| P7 Advanced Audit and Assurance | 33 |
| December 2007 global pass rates: CAT qualification | % |
| 1 Recording Financial Transactions | 60 |
| 2 Information for Management Control | 42 |
| 3 Maintaining Financial Records | 53 |
| 4 Accounting for Costs | 27 |
| 5 Managing People and Systems | 45 |
| 6 Drafting Financial Statements | 80 |
| 7 Planning, Control and Performance Management | 59 |
| 8 Implementing Audit Procedures | 48 |
| 9 Preparing Taxation Computations | 67 |
| 10 Managing Finances | 76 |