Classics degree students fare better
Young people wishing to train as accountants after university would be better advised to study classics rather than accountancy as their degree subject, according to analysis of last week's English ICA results.
Young people wishing to train as accountants after university would be better advised to study classics rather than accountancy as their degree subject, according to analysis of last week's English ICA results.
Only 55% of candidates who had studied accountancy at university passed the institute’s Final Admitting Exam, compared to an 88% pass rate for classics students.
Phil Armitage, the institute’s Director of Education & Training, said: ‘It’s disappointing that the pass rate (for those with accountancy degrees) is particularly low this year, and it serves to reinforce the institute’s policy of giving little exemption for accountancy degree students.’
In total, 2510 students sat the FAE, with a pass rate of 75%. In the FAE, students were given more freedom to structure their case study reports and content, which for some candidates to be a tougher test of communication skills than in the past.
Phil Armitage said this had been a conscious decision.
He said: ‘The case study has been more structured than in the past. This time the students were required to do the structuring for themselves, it was less prescriptive. Technical skills are a given, and we are now seeing students improving their communication skills.’
ICAEW looks to future with new ACA
Higher pass rate with new qualification
The numbers you crunch tell a story. Your expertis...
24yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleGlobal spend on accountancy outsourcing up by 40% in the space of five years. News comes as accountancy outsourcing specialist AdvanceTrack reports en...
View articleFollowing a profitability review, Deloitte has decided to scale back its UK deals business due to lower returns. This strategic shift could lead to jo...
View articleUK-based Dow Schofield Watts (DSW), a mid-market professional services network, announced the creation of a new division called DSW Principal Partners...
View articleEY has been undergoing significant cost-cutting measures and streamlining its operations since the abandonment of Project Everest. The firm has made t...
View articleTransitioning from an accounting firm to a consultancy model is only one part of the puzzle. The next, equally vital piece is making the market aware ...
View articleThis framework, while providing a top-line view, underscores the importance of strategic vision, operational excellence, and the spirit of continuous ...
View articleLooking ahead, the Big 4 firms face a challenging year, with ongoing cost-of-living concerns, slow economic growth, rising geopolitical tensions, and ...
View articleLast month it was reported that Deloitte would be cutting approximately 1,200 jobs in the United States, making it the latest of the Big Four accounti...
View article