Financial Accounting WASSCE (SC), 2017

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

the accounting ratios.


                                                                       

 

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.