Candidates' Weakness

Some of the weaknesses observed were:

-  Candidates inability to answer question 3 which is to outline/distinguish the candidates inability to prepare Statement of Affairs, Subscription Account and Income and Expenditure Account;
-   Lack of proper understanding of the basic principles of accounting;
-   Non-coverage of syllabus before registering for the examination;
-   The use of unapproved and non generally accepted abbreviation such as GP for Gross Profit, NP for Net Profit CL for Current Liabilities;
-    Poorly use of English Language in explaining their points;
-    Candidates inability to use correct accounting terminologies.
                                                                       

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.

- 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.

- Candidates should be taught to write in full instead of abbreviations.

- Teachers should discourage the candidates from the use of abbreviations in their answers to questions.