Candidates' Weakness/Remedies
Some of the observed weaknesses in the candidates’scripts were:
- Inadequate knowledge and proper understanding of the rudiments of financial transactions and basic principles of accounting;
- Inadequate preparation for the examination;
- The use of unauthorized and unapproved abbreviations such as GP
for Gross Profit, BS for Balance Sheet,CL for Current Liabilities, etc.;
- Poorly use of English grammar and expressions in explaining their points;
- Wrong placement of values and digits in computations;
- Posting of entries in a cluttered manner.
SUGGESTED REMEDIES
Some of these were reflected in the questions testing the following topics:
- Accounting ratios;
- Incomplete records and single entry;
- End of the year adjustments.