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Develop:

grow our network to support our stakeholders to achieve their goals 

What this means in practice:
We will support members and students in their development by ensuring that we invest in the necessary elements to enable them to achieve their professional goals.

Strategic measure:
100% of our three student progression targets of: 12,000 new members; 68.5% of ACCA affiliates achieving membership in four years; 38% of students passing exams in the past year.

Why we use this measure:
It gives a rounded picture of the main factors that affect development towards membership.

Student progression

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  Actuals Target
Student progression
factors
2011/12 2012/13 2013/14 2014/15 2015/16 2015/16 2016/17
New members 9,412 10,361 10,337 11,530 13,604 12,000 13,000
% students passing
exams in the past year
N/A 41.1% 38.4% 36.4% 34.7% 38% 38%
% affiliates achieving membership in four years 73.5% 70.3% 68.8% 68.5% 68.8% 68.5% 70%

   Target achieved

We have invested significantly in student progression initiatives over the past 12 months so that we can help more of our students realise their membership ambitions. The most significant of these developments has been our landmark move to four exam sittings a year, which we piloted in September 2015 and launched globally in March 2016 – meaning that students no longer need to wait six months to sit an exam – and the launch of ACCA-X, our globally-available digital learning solution for the early stages of ACCA studies. We intend to promote the benefits of the recently-introduced four sittings model strongly in the coming year, as a means of further improving progression.

Also, as a result of consultations with ACCA trainees, workplace mentors and employers globally, we introduced an updated and improved practical policy in February 2016. This new policy is better aligned with the ACCA competency framework as well as the skillset that employers said they need in their workforce. We also launched a new online recording tool in February 2016 as part of the update to make the process of recording relevant practical experience more user-friendly.

In the coming year, we intend to promote and exploit these progression and learning support enhancements so all our students are fully aware of these advances and, as a result, aim to help students move more quickly towards their goal of membership.