Alan Hatfield, ACCA executive director- strategy and development said: ‘The ACCA Qualification rigorously tests the skills, abilities and competencies that a modern-day accountant needs, with a firm grounding in ethics and professionalism. It prepares students for a rewarding career as a qualified and ethical finance professional.

‘Included in our pass rates are students who self-study as well as those who attend tuition. In all cases the results of students who attend ACCA’s Approved Learning Partners (ALPs) are notably stronger than others. So, from these results, we can see that quality tuition drives stronger pass rates. This is a consistent message we give to our students, while also offering great support for them with study resources - such as online access examiner’s reports - and a new student wellbeing hub. This includes new resources on mental health, lifestyle and community support, alongside easy access to existing material on studying well, coping with exams and wellbeing at work.’

Alan Hatfield concludes: ‘Examiners note that pass rates are very strong where students have developed the word processing and spreadsheet skills they already or will use in the workplace and apply these to their exams, thus integrating the world of work and exams.’

ACCA is continuing its pioneering work with its exam delivery to offer computer-based exams (CBEs), with many tax and law variants now offered on CBE, with a further roll-out to be completed in June 2020.

Looking ahead to further innovations, in March 2020 ACCA will also be offering its Strategic Professional as CBEs at specific centres in the UK, Ireland and Czech Republic and then wholly in those countries from June 2020. A gradual global roll-out will then take place over the next year, further enhancing the workplace and professional skills as students will also need to use presentation tools within the exam.

Results Table

ACCA Qualification Pass rate Applied Knowledge AB - Accountant in Business 82% MA - Management Accounting 64% FA - Financial Accounting 71% Applied Skills LW - Corporate and Business Law 83% PM - Performance Management 38% TX - Taxation 49% FR - Financial Reporting 46% AA - Audit and Assurance 38% FM - Financial Management 43% Strategic Professional - Essentials SBL - Strategic Business Leader 46% SBR - Strategic Business Reporting 48% Strategic Professional – Options AAA - Advanced Audit and Assurance 30% AFM - Advanced Financial Management 33% APM - Advanced Performance Management 33% ATX - Advanced Taxation 35%

FOUNDATION LEVEL QUALIFICATIONS Pass rate ACCA Diploma in Financial and Management Accounting (Level 2 RQF) FA1 - Recording Financial transactions 76% MA1 - Management Information 80% ACCA Diploma in Financial and Management Accounting (Level 3 RQF) FA2 - Maintaining Financial Records 72% MA2 - Managing Costs and Finance 63% ACCA Diploma in Accounting and Business (Level 4 RQF) FAB - Accountant in Business 74% FMA - Management Accounting 66% FFA - Financial Accounting 64% Foundation Specialist Certificates (RQF Level 4) FAU Foundations in Audit 40% FTX Foundations in Taxation 59% FFM Foundations in Financial Management 55%

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For media queries contact:

Monique McKenzie, ACCA Newsroom

T: 020 7059 5030

M: 07725613447

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http://www.uk.accaglobal.com

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

ACCA supports its 219,000 members and 527,000 students (including affiliates) in 179 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 110 offices and centres and 7,571 Approved Employers worldwide, and 328 approved learning providers who provide high standards of learning and development.

Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.

ACCA has introduced major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.

Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. More information is here: www.accaglobal.com