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Financial Accounting Paper 2, Nov/Dec 2009  
Questions: 1 2 3 4 5 6 7 8 9 Main
General Comments
Weakness/Remedies
Strength







Question 2

  • Show by means of a well labelled diagram the stages of data processing.
  • State four sources from which an organisation can obtain data.
  • List five actions which take place in processing data.
_____________________________________________________________________________________________________
Observation

Majority of the candidates attempted this question and performed well in (a) and (c) and poorly in (b). 

The expected answer in (2b) include:

                        2b        Sources from which an organization can obtain data:
            -           all departments within the organization
            -           source documents
            -           published accounts
            -           memorandum
            -           minutes of meetings                                                               
                                    -           other organizations
                                    -           central statistical offices
                                    -           competitors
            -           trade associations
            -           research organizations
            -           trade journals
            -           Internet


 

 

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