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.