Financial Accounting WASSCE (PC 2ND), 2018

Candidates' Weakness

 

 

Some of the observed weaknesses in the candidates’ scripts were:


- Poor understanding of the rudiments of financial accounting and basic principles of bookkeeping;
- Inadequate preparation for the examination;
- Poorly use of English grammar and expressions in explaining points;
- Wrong placement of values and digits in computations;
-  Posting of entries without account headings and currency values

 

Some of these weaknesses were reflected in the questions testing the following topics:

 

  1. Subsidiary Books of Account and Ledgers;
  2. Purchase of Business Account;
  3. Partnership Accounts.

                                                                 
SUGGESTED REMEDIES

 

- Candidates should pick up in practice of the significance and application of accounting books.
- Emphasis should be placed on rudiments and bookkeeping aspects of the syllabus for teaching and learning Financial Accounting in schools.
- Candidates should prepare very well by covering all aspects of the syllabus before writing the examination.
- Teachers should make use of past question papers as a revision exercise and educate the candidates on what is required for each question.
- Qualified teachers should be employed to teach the subject in schools.