Record number of students complete ACCA exams
Kuala Lumpur – Results from the ACCA (Association of Chartered Certified Accountants) examinations in June 2012 show that a record number of students have successfully completed their final exams worldwide. Candidates around the world took almost 370,000 papers, with 7,160 students successfully completing their final ACCA exams, representing a 13.4% increase on last session.
In Malaysia, the number of students who completed their final papers is 620, an 8% increase from the December 2011 examination session. With the passing of their exams, these students have now graduated to ACCA Affiliate status and are well on their way to becoming a chartered certified accountant.
Ms Jennifer Lopez, country head of ACCA Malaysia, extends her congratulations, saying: "We are delighted to see more 600 students from Malaysia completing their final papers, a healthy contribution to the global figure of 7160. They have clearly been able to demonstrate the financial knowledge and professional skills which are needed by organisations in challenging economic conditions. We look forward to welcoming them to ACCA membership upon completion of their practical experience requirements."
Students have to complete 36 months of practical experience, along with an Ethics module, prior to becoming a member of ACCA. With a membership, candidates will be afforded the global recognition from employers and their peers as a skilled professional accountant.
Seah Chooi Kheng is one of the 620 candidates to have graduated to Affiliate status. "To have completed my CAT and ACCA qualifications within three years is really satisfying. This sure makes all the hard work worth it!"
Sharing the same enthusiasm is Salwa Musani who credits her achievement to the massive support given by her family and lecturers. "There were moments when I almost gave up, but I’m glad I didn’t. Now I’m so proud to have accomplished my goal of completing the ACCA papers by the age of 21. I’m now planning to apply for jobs in audit firms or financial Institutions. I'm sure I’ll be accepted into these firms with an ACCA qualification in hand."
Overall, the pass rates from the June 2012 examinations have improved at the Fundamental level – rising on average 2% over the previous December session. At the Professional level, the results for the Essential papers remain strong. It was particularly pleasing that pass rates for each of the Options papers rose above those of December 2011, given that ACCA has launched guidance and signposted materials to assist students getting through this final hurdle in their exams.
June 2012 session ACCA Qualification pass rates:
Paper F1, Accountant in Business, 64%*
Paper F2, Management Accounting, 52%*
Paper F3, Financial Accounting, 57%*
Paper F4, Corporate and Business Law, 54%
Paper F5, Performance Management, 42%
Paper F6, Taxation, 45%
Paper F7, Financial Reporting, 48%
Paper F8, Audit and Assurance, 56%
Paper F9, Financial Management, 37%
Paper P1, Governance, Risk and Ethics, 53%
Paper P2, Corporate Reporting, 49%
Paper P3, Business Analysis, 49%
Paper P4, Advanced Financial Management, 36%
Paper P5, Advanced Performance Management, 35%
Paper P6, Advanced Taxation, 42%
Paper P7, Advanced Audit and Assurance, 32%
* Combined pass rates for paper-based and computer-based exams.