Candidates' Weakness
Some of the weaknesses observed were:
- Candidates’ inability to interpret question three (3) which is to explain the terms used in the accounts of not-for-profit making organizations;
- Lack of proper understanding of the basic principles of accounting;
- Non-coverage of syllabus before registering for the examination;
- The use of unapproved abbreviations such as GP
for Gross Profit, NP for Net Profit CL for Current Liabilities;
- Poor expression and the use of English Language in explaining their points;
- Candidates’ failed to use interpret correctly the accounting terminologies and
SUGGESTED REMEDIES
- Candidates should be conversant with accounting terminologies and their
definitions.
- The teaching of the basic principles of Financial Accounting must be emphasized in schools with emphasis on the rudiments of accounting practice and the rudiments of posting and entries.
- Candidates should prepare very well by covering all aspects of the syllabus before writing the examination.
- Teachers should make use of past question papers for revision exercise in preparing for examinations.
- Qualified teachers should be employed to teach the subject in schools.
- Candidates should be taught to write in full instead of abbreviations and teachers should discourage the use of abbreviations in their answers to questions.