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I’ve always wondered what would happen if min pass rates were raised to say 70% – would that not benefit all of us?
I have just started preparation for CFA level 1 exam, which is meant to be an entry level exam (even though it is tough) and I find a lot of MCQs way more complicated than what I used to do for say F7/P2 papers. It just staggers me how different structure of questions is. I am not undermining instrinsic value of ACCA designation here, but are our theoretical skills that representative with papers being scored on a >50% basis?
Naturally I am only referring to fin reporting / fin management sections as direct comparison can be made
I honestly beg to differ over here… Cuz it’s not the passing scores that values qualification…there are important factors like… It’s the syllabus and it’s structure… The skills that the qualification provides… It’s recognisation… And so on and so forth.
Acca provides a syllabus and skills that it very much suitable for accountants for the corporate world and gives what employers are looking for.
Now talking specifically about the pass rates.. Initially I had thought, ” only 50% can easily get above that…” but when I gave my first Acca Paper (F2) I had realised that I was badly mistaken and was so wrong!
Its already difficult to pass the papers with a passing score of 50%! This in fact is evident with the pass rates (from F5 upto P Level papers)my point is this – you can pass P2, for example, not knowing how to prepare consolidated statement of financial position (which is awkward), but there is no way you can do the same in pursuit of CFA
reputation of ACCA would go to a different level had the limit been raised higher, quality of employees/students would only benefit. Again, this is only my opinion.
Opinion respected. Point understood.
CFA is an extremely difficult qualification… Though im not a CFA student ( and certainly not plan to be one either) even if u compare it with a prestigious qualification like ACA.
And i understand what you mean here, this is something i have come across… when people come to know the passing score is just 50% they take this qualification for granted but once one becomes an Acca student he/she meets reality.
But what i dont understand is, already passing the exam with the pass score being 50% is so difficult, then making it to 70% would take the difficulty level to the next level… Making students eventually fed up with the constant fails and very slow progress… Resulting in, them abandoning this qualification and taking other alternatives. So wont this cause a counter-effect to what you are saying?
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