More Than 6,000 Students Take Major Step Towards Becoming ACCA Members

London, United Kingdom, August 25, 2010 --(PR.com)-- Results from the latest examinations of ACCA (the Association of Chartered Certified Accountants) show that more than 6,000 students around the world successfully completed their final papers to become affiliates and move closer to membership of the global body for professional accountants.

More than 196,000 students sat ACCA examinations in June, producing over 384,000 scripts. The results, issued today (23 August), revealed that 6,213 students successfully completed their final ACCA exams, with a further 2,930 students completing the Certified Accounting Technician (CAT) exams.

“In the challenging economic environment it is vital that ACCA maintains the technical excellence of its examinations and therefore the quality of its members who will be providing professional guidance and advice to thousands of businesses. We will continue to focus on ensuring that students have the best possible resources to enable them to progress through ACCA’s internationally recognised examinations,” said Clare Minchington, ACCA executive director - learning & products.

“We are pleased to see that performance in the Fundamentals paper F5 (Performance Management) continues to improve as a result of the package of support that we put in place for this paper. Over the coming year we will be adopting the same approach towards the Fundamentals paper F7 (Financial Reporting) and look to see students' financial reporting skills improving as a consequence.”

“We want to congratulate the 6,213 people who have now completed their ACCA exams and we look forward to welcoming them to ACCA membership on completion of their practical experience requirements and professional ethics module. We would also like to congratulate those who completed the CAT exams,” said Clare Minchington.

The pass rates for the June 2010 sitting of the ACCA Qualification are as follows:

Paper F1 Accountant in Business - 64%*
Paper F2 Management Accounting - 54%*
Paper F3 Financial Accounting - 60%*
Paper F4 Corporate and Business Law - 51%
Paper F5 Performance Management - 57%
Paper F6 Taxation - 46%
Paper F7 Financial Reporting - 28%
Paper F8 Audit and Assurance - 36%
Paper F9 Financial Management - 43%
Paper P1 Professional Accountant - 53%
Paper P2 Corporate Reporting - 47%
Paper P3 Business Analysis - 51%
Paper P4 Advanced Financial Management - 34%
Paper P5 Advanced Performance Management - 44%
Paper P6 Advanced Taxation - 35%
Paper P7 Advanced Audit and Assurance - 32%

The pass rates for the June 2010 sitting of the Certified Accounting Technician (CAT) scheme are as follows:

Paper 1 Recording Financial Transactions - 63%*
Paper 2 Information and Management Control - 63%*
Paper 3 Maintaining Financial Records - 66%*
Paper 4 Accounting for Costs - 59%*
Paper 5 Managing People and Systems - 38%
Paper 6 Drafting Financial Statements - 79%
Paper 7 Planning, Control and Performance Management - 30%
Paper 8 Implementing Audit Procedures - 28%
Paper 9 Preparing Taxation Computations - 62%
Paper 10 Managing Finances - 61%

* Combined pass rates for paper based and computer based examinations.

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For further information, please contact:
Colin Davis, ACCA Newsroom
+44 (0)20 7059 5738
+44 (0)7720 347713
colin.davis@accaglobal.com

Hannah Smith, Ruder Finn for ACCA
+44 (0)20 7462 8949
hsmith@ruderfinn.co.uk