Accounting Standards

ACCA publishes update on strategic performance

Ahead its annual report in July, the global accountancy body is revealing numbers regarding its member retention, exam delivery and financial sustainability

The Association of Chartered Certified Accountants has published an update on its strategic performance for the year 2020/21, ahead of its annual report being published in July.

The global accountancy body is revealing numbers relating to its member retention, exam delivery and financial sustainability.

In terms of member retention, ACCA met its year-end target of 94.7%, achieving a retention rate of 97%.

The group’s unaudited surplus for the period came to £20.3m and delivered £15.7m of savings.

However, at least one student studying for ACCA exams experienced a disruption to their academic timetable over the past year due to the pandemic, with student perceptions of ACCA dropping by 0.9%.

Despite this, ACCA increased its membership by 2.5%, with 83.8% of its members agreeing that its “shapes the accountancy profession”.

ACCA’s strategic performance update highlighted three key areas of improvement, notably the need to increase support for members, greater progression for students and a faster move to becoming a more sustainable organisation.

 

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