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Pass rates have been announced by the Association of Chartered Certified Accountants for students who sat their exams in December 2022.
Last month, 107,142 entered for the sitting, which saw 128,693 exams completed. A total of 3,737 students completed their final exams to become ACCA Affiliates.
Remotely invigilated exams continued to be popular, according to ACCA, with the number of students choosing this option rising to 15,848.
The ACCA Qualification is said to “rigorously” test the skills, abilities and competencies that a modern accountant needs, with a “firm grounding” in ethics and professionalism. ACCA said it prepares students for a “rewarding career” as a qualified and ethical finance professional.
Alan Hatfield, ACCA executive director – content, quality and innovation, said: ‘We’re pleased with the exam results for December 2022. This was the second session where we examined Professional Skills within our Strategic Professional Options AAA, AFM and APM examinations (ATX will change from June 2023).
“It’s an important change in ensuring that our students are work ready and have the strong skills, abilities and competencies required for the future accountant. We urge all students sitting AAA, AFM and APM exams to make full use of our learning resources to support their studies towards these examinations.”
He also recommended that students use the ACCA exam Practice Platform, a free resource allowing them to practise questions and attempt mock exams with software that simulates the real exam platform.
Accompanying the platform are guides to self-marking and debrief resources, to help students and tutors better understand performance. Pass rates remain up to 20% better for students who use the platform, according to ACCA.
Since the launch of ACCA’s new student support product, My Exam Performance, a recent survey confirmed that 87% of students rated it as highly useful and 81% said it motivates them to study.
Exam results
Results below also include those delivered via ACCA’s on-demand offering for Foundation Diplomas, Applied Knowledge and Law exams. These accounted for a further 36,954 exams, of which 3,137 were done through remote invigilation.
| ACCA Qualification | Pass rate (%) |
| Applied Knowledge | |
| BT – Business & Technology | 79% |
| FA – Financial Accounting | 68% |
| MA – Management Accounting | 61% |
| Applied Skills | |
| LW – Corporate and Business Law | 82% |
| TX – Taxation | 52% |
| FR – Financial Reporting | 49% |
| PM – Performance Management | 43% |
| FM – Financial Management | 51% |
| AA – Audit and Assurance | 40% |
| Strategic Professional – Essentials | |
| SBL – Strategic Business Leader | 49% |
| SBR – Strategic Business Reporting | 47% |
| Strategic Professional – Options | |
| AAA – Advanced Audit and Assurance | 32% |
| AFM – Advanced Financial Management | 41% |
| APM – Advanced Performance Management | 33% |
| ATX – Advanced Taxation | 39% |
| FOUNDATION LEVEL QUALIFICATIONS | Pass rate (%) |
| ACCA Diploma in Financial and Management Accounting (Level 2 RQF) | |
| FA1 – Recording Financial transactions | 82% |
| MA1 – Management Information | 82% |
| ACCA Diploma in Financial and Management Accounting (Level 3 RQF) | |
| FA2 – Maintaining Financial Records | 69% |
| MA2 – Managing Costs and Finance | 66% |
| ACCA Diploma in Accounting and Business (Level 4 RQF) | |
| FBT – Business & Technology | 74% |
| FFA – Financial Accounting | 70% |
| FMA – Management Accounting | 67% |
| Foundation Specialist Certificates (RQF Level 4) | |
| FAU Foundations in Audit | 35% |
| FTX Foundations in Taxation | 56% |
| FFM Foundations in Financial Management | 46% |
