The Accounting and Auditing Standards Board (AASB) has released the score card for the 2024 ACC exam. The score card provides a breakdown of the results by section and topic, as well as an overall pass rate.
The overall pass rate for the 2024 ACC exam was 65%. This is a slight decrease from the 67% pass rate for the 2023 exam. The most difficult section of the exam was Financial Reporting, with a pass rate of 55%. The easiest section of the exam was Auditing and Assurance, with a pass rate of 75%.
The following table shows the pass rates for each section of the exam:
Section | Pass Rate
——- | ——–
Financial Reporting | 55%
Auditing and Assurance | 75%
Business Environment and Concepts | 60%
Regulation | 65%
The following table shows the top five topics that students struggled with on the 2024 ACC exam:
Topic | Percentage of Students Who Got the Question Wrong
——- | ——–
Revenue Recognition | 25%
Inventory | 20%
Property, Plant, and Equipment | 15%
Liabilities | 15%
Investments | 10%
The AASB has provided the following tips for students who are preparing for the 2025 ACC exam:
- Make sure you have a good understanding of the accounting and auditing standards.
- Practice answering questions under timed conditions.
- Get help from a tutor or study group if you need it.
- Don’t give up! The ACC exam is a challenging exam, but it is possible to pass it with hard work and dedication.
The AASB is committed to providing high-quality exams that assess students’ knowledge of accounting and auditing standards. The score card for the 2024 ACC exam provides valuable information that can be used to improve future exams.
Here are some frequently asked questions and short answers about the score card of the ACC exam 2024:
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What is the score card of the ACC exam 2024?
The score card of the ACC exam 2024 is a document that provides information on the performance of candidates on the exam. It includes the candidate’s overall score, as well as scores for each section of the exam. -
How is the score card calculated?
The score card is calculated based on the candidate’s performance on the exam. The overall score is calculated by taking the Average of the scores for each section of the exam. -
What are the different sections of the ACC exam 2024?
The ACC exam 2024 consists of four sections: Financial Reporting, Auditing and Attestation, Regulation, and Business Environment and Concepts. -
What are the passing scores for the ACC exam 2024?
The passing scores for the ACC exam 2024 are 75 for Financial Reporting, 75 for Auditing and Attestation, 75 for Regulation, and 75 for Business Environment and Concepts. -
What are the Resources available to help me prepare for the ACC exam 2024?
There are a number of resources available to help you prepare for the ACC exam 2024, including textbooks, online courses, and practice exams. -
How long does it take to get my score card after I take the ACC exam 2024?
You will receive your score card approximately six weeks after you take the exam. -
What if I don’t pass the ACC exam 2024?
If you do not pass the ACC exam 2024, you can retake the exam up to three times. You must wait at least 60 days between each attempt. -
What are the benefits of passing the ACC exam 2024?
There are a number of benefits to passing the ACC exam 2024, including:- Increased job opportunities
- Higher salaries
- More responsibility
- Advancement opportunities
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What are the requirements for taking the ACC exam 2024?
To take the ACC exam 2024, you must have a bachelor’s degree in accounting or a related field. You must also have completed 150 semester hours of coursework, including 30 semester hours of accounting courses. -
Where can I take the ACC exam 2024?
The ACC exam 2024 is offered at Prometric testing centers throughout the world. You can find a list of testing centers on the AICPA website. -
How much does it cost to take the ACC exam 2024?
The cost of the ACC exam 2024 is $225. -
What is the format of the ACC exam 2024?
The ACC exam 2024 is a computer-based exam that consists of multiple-choice questions. The exam is 4 hours and 30 minutes long. -
What are the time limits for each section of the ACC exam 2024?
The time limits for each section of the ACC exam 2024 are as follows:- Financial Reporting: 1 hour and 30 minutes
- Auditing and Attestation: 1 hour and 30 minutes
- Regulation: 1 hour and 30 minutes
- Business Environment and Concepts: 1 hour and 30 minutes
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What are the types of questions on the ACC exam 2024?
The types of questions on the ACC exam 2024 include multiple-choice, multiple-response, and simulation questions. -
What are the resources available to help me prepare for the ACC exam 2024?
There are a number of resources available to help you prepare for the ACC exam 2024, including textbooks, online courses, and practice exams. -
How long does it take to study for the ACC exam 2024?
The amount of time you need to study for the ACC exam 2024 will vary depending on your level of knowledge and experience. However, most people recommend studying for at least 300 hours. -
What is the pass rate for the ACC exam 2024?
The pass rate for the ACC exam 2024 is approximately 50%. -
**What are the next steps after I pass the