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Financial accounting exam prep

ACCA Financial Accounting pass rate

ACCA publishes a pass rate for Financial Accounting for each session. The five most recent, from June 2024 to June 2026, ran from 68% to 71%.

June 202671%
December 202568%
June 202568%
December 202469%
June 202468%

What the pass rate tells you

Around two in three candidates pass, so roughly one in three does not. The pass mark is 50%, and every question is compulsory, so a weak area cannot be avoided: the study guide spreads the questions across all nine syllabus areas.

Where marks are lost

  • Section B: two 15-mark multi-task questions, one on consolidations and one on accounts preparation. Together they are 30 marks.
  • Exact figures: a depreciation charge, a goodwill figure or a corrected cash book balance is right or wrong.
  • Breadth: area D, recording transactions and events, holds 72 of the 154 outcomes in the study guide.

How to be in the passing group

Find your weakest area first, fix it with a short lesson, then practise questions until the routines are automatic. Finish with full two-hour papers so the clock feels normal.

Try 3 questions

Question 1 · Section A · Syllabus D4 to D62 marks

Profit or loss on disposal

Elsworth Co sold a machine for $6,400 cash. It had cost $23,000 and had been depreciated on a straight-line basis over a 8-year life with no residual value. Accumulated depreciation at the date of sale was $14,375.

What was the profit or loss on disposal? (2 marks)

Answer
Amount ($)
Profit or loss
Question 2 · Section A · Syllabus D72 marks

Rent paid in advance

Jarrow Co pays rent quarterly in advance on 1 February, 1 May, 1 August and 1 November. The quarterly rent was $4,200 until 31 July 20X7 and $5,100 from 1 August 20X7.

The company's year end is 31 December, and the rent had not changed since 1 November 20X6.

What is the rent expense for the year ended 31 December 20X7? (2 marks)

Question 3 · Section A · Syllabus H2 marks

Goodwill on acquisition

Arden Co acquired 70% of the 482,000 $1 equity shares of Redcar Co. It paid $225,000 in cash and issued 1 of its own shares for every 2 shares acquired. Arden Co's shares had a fair value of $4 each at the acquisition date.

At acquisition Redcar Co had retained earnings of $272,000, and its land had a fair value $30,000 above its carrying amount. The non-controlling interest is measured at its fair value of $63,000.

What is the goodwill arising on acquisition? (2 marks)

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ACCA's Financial Accounting exam resources page

Questions people ask

What is the ACCA FA pass rate?

ACCA's FA page shows 71% for June 2026, 68% for December 2025, 68% for June 2025, 69% for December 2024 and 68% for June 2024.

What is the pass mark for ACCA FA?

50%. ACCA's study guide says the pass mark for all its Foundations in Accountancy exams is 50%.

Are all the questions compulsory?

Yes. ACCA says the exams contain 100% compulsory questions, to encourage study across the breadth of the syllabus.