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Results have been announced for ACCA’s (the Association of Chartered Certified Accountants) professional qualification with numbers released for the Skills, Essentials and Options papers sat by candidates in March 2016. 87,300 students entered for the March 2016 sitting, entering 108,016 exams.
The session saw 3,882 students worldwide complete their final exams, well on the path to becoming ACCA members. To become a member, a student needs to pass their exams, undertake 36 months of practical experience, and also work through an interactive, online ethics module – what ACCA calls the three Es – exams, experience and ethics. Dr Mary Bishop, ACCA’s Director of Learning, comments: ‘Four exam sessions a year allow students the flexibility to sit exams when it most suits them, more quickly, effectively and efficiently. It means they can manage their studies more proactively, leading to a greater chance of success. Our analysis of the results shows that if students use the learning support available to them, and all the resources ACCA has produced, then there is more chance of success.’
The March session, which was offered globally, allowed those students who needed to resit to do so more quickly, rather than waiting until the middle of the year, which ACCA and its stakeholders believe is a tangible benefit to students. ACCA’s move to four sessions a year offers students more opportunities to advance. Dr Bishop concludes: ‘The ACCA Qualification rigorously tests the skills, abilities and competencies demanded by a modern day accountant, preparing them for a rewarding career as a qualified and ethical finance professional. ‘Pass rates in most exams have at least remained steady and we’re pleased to see improvements in almost all of the Professional level exams.
It is clear that students are still adapting to the rigour of the combined breadth and depth of the Skills exam format, which will better prepare students for the Professional Level. To ensure success, students must practice regularly questions across the entire syllabus. ‘ACCA is committed to helping students achieve their goal of full ACCA membership, and we offer enhanced study support which we wholeheartedly recommend they use alongside approved study materials. The students who did, performed better
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