Financial Accounting WASSCE (PC), 2022

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;
-           Poor use of English grammar and expressions in explaining points;
-           Posting of entries with wrong narrations and account headings;
-           Wrong placement of values and digits in computations;

 

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

 

  1. Suspense Account;
  2. Accounting ratios;
  3. Shares/ Issue of shares;
  4. Revaluation Account;
  5. Goodwill Account/Partners Capital Account.

                                                                       

 

SUGGESTED REMEDIES


-           Candidates should prepare very well by covering all aspects of the syllabus before writing the examination.
-           Candidates should improve in the application of accounting principles and fundamentals during practice and preparation for the examination.
-           Teachers should place more emphasis on rudiments and practical aspects of the syllabus for teaching and learning Financial Accounting in schools.
-           Candidates should improve in their studies to master the appropriate use of terminologies, narrations, headings and currency values in accounting.
-           Teachers should make use of past question papers during revision exercises for comprehensive exposition on examiners’ requirements for each question.