ICAEW pass rates Three

Aberdeen student wins RSM accolade

Robert Gordon University’s Arran Robertson has won the RSM prize as the top-performing student on the Financial Accounting Stage 2 BA (Hons) Accounting and Finance degree programme.

Arran achieved the highest overall score for both financial accounting modules and received a cheque for £500 from RSM’s Andrew Forsyth.

Forsyth, RSM’s office managing partner in Aberdeen, said: “We are delighted to continue our partnership with Robert Gordon University and support emerging young talent from a local institution, as they prepare to embark on their career in accounting.

“Arran has excelled in his recent financial accounting exams, and it was a pleasure to mark his achievement at our offices in Aberdeen. I am sure he will continue to thrive throughout his final year at university, before taking his first steps in the profession.”

Those ICAEW Professional June results

Three ICAEW professional level papers is still the optimal number to sit if you want to pass them all first time, according to the latest stats. Some 76% of those ACA PQs who sat three papers in June passed all three. This compares with 66.7% of summer sitters who sat one paper and passed it.

In all, some 6,799 students sat the June session, with 12,321 exams attempted and 4,801 sitters passing all the exams they took. Just over 1,000 PQs now move on to the

final level. Two students bravely sat four papers. One failed all the papers they sat and the other passed just one of the four. ICAEW PROFESSIONAL LEVEL 2022 RESULTS

JUNE MARCH

Audit and Assurance 77.6% 76.4%

Business Planning: Banking Business Planning: Insurance Business Planning: Taxation

77.5% 82.9% 81.8% 75.1% Business Strategy and Technology 90.2% 91% Financial Accounting and Reporting (IFRS) 73.9% 69.5% Financial Accounting and Reporting (UK GAAP) 81.8% 33.3% Financial Management 79.3% 81.4% Tax Compliance 77.6% 79.2%

Pearson to move into NFTs

Pearson’s CEO Andy Bird has revealed the textbook publisher plans to sell its digital textbooks as NFTs, which would allow it to track the ownership of a book even when it is sold on.

Talking after the release of Person’s interim results, Bird said: “In the analogue world, a Pearson textbook was resold up to seven times, and we would only participate in the first sale.” He believes technology like blockchain and NFTs will allow it to “participate in every sale of that item as it goes through its life”.

The plans are part of Pearson’s wider digitalisation of the business. It recently launched a subscription app Pearson+, which allows students to access to 1,500 titles for $14.99 a month.

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