FINANCIAL REPORTING
“The general performance of most of the candidates was as usual below average. It showed that most of the candidates were not prepared and ready for the examination. They showed lack of knowledge in the Accounting Standards and the double entry principles” MANAGEMENT ACCOUNTING
“In general, the performance of students was not good as expected, given that, the questions were all reasonable to have produced average performance but this was not the case.” “A major weakness was candidates’ inability to apply the basic concepts to solve problems”

PERFORMANCE OF CANDIDATES “Performance of the candidates is not satisfactory looking at the requirements of the questions. Moderating of the scripts suggests the following as some of the factors accounting for the poor performance: • Lack of preparation by the candidates - At this level, candidates could not even state and explain some of the most basic principles and concepts in Management Accounting such as cost centres, zero based budgeting, target costing etc. Not even one sub-question could be answered by most of the candidates. • Poor understanding and expression of the English language - Candidates could not construct one complete and meaningful sentence. Some of the candidates have the idea but cannot put it across in a simple English to be understood. • Poor presentation of materials or suggested solutions - Most of the candidates could not present the suggested solutions in a structured manner even though there is no one formula in presenting solutions to Management Accounting questions. Most of the candidates could not present statements such as functional budgets and operating statements (Marginal and Absorption) in a structured format. • Not stating of decisions after arriving at the quantitative analysis of the requirements – Management Accounting questions normally require an advice to management but most of the candidates ignore this requirement in their suggested solutions.” ADVANCED FINANCIAL MANAGEMENT “A total of 1317 candidates wrote the November 2017 Advanced Financial Management paper as against 1138 candidates, thereby showing an increase of 15.73%. Total number of candidates who passed was 338, registering pass rate of 25.66%, against pass rate of 21.97% for May 2017.” CORPORATE REPORTING
GENERAL PERFORMANCE OF CANDIDATES “Generally, performance was below average. This could be attributed to lack of adequate preparation by the candidates. WEAKNESSES OF CANDIDATES Weaknesses of candidates can be summarized as follows: • Many candidates demonstrated lack of basic and relevant knowledge in accounting standards. • Some candidates showed lack of effective time management in answering questions. They spent too much time on questions they believed they could handle; this left them with little time to tackle other questions satisfactorily. Candidates should be taught how to allocate time to questions according to the allotted marks and to strictly respect time allocation. They should move to another question when the time allocated is spent. • Some candidates were not adequately prepared for the examination and as a result scored very low marks. • Several candidates did not attempt all parts of the questions. This reduced their chances of scoring pass marks. • Some candidates answered the same question on several non-consecutive pages without cross-referencing the pages. • Some candidates displayed very poor handwriting making their presentation almost illegible.” TAXATION AND FISCAL POLICY PERFORMANCE OF CANDIDATES “The performance reflected the level of difficulty of the paper quite appropriate for a final level. The paper in terms of standard was quite remarkable in my personal assessment and also gleaning from comments from my colleagues. In all honesty, some students showed lack of preparation for the paper as they had no clue as to the requirements and the demands of the examiners. Such students performed woefully. The usual recall questions were missing in the paper. Students who passed the paper really demonstrated preparedness for the exams and got rewarded for their efforts. The Institute should continue to maintain the standard and the level of difficulty for the professional level in order to get students to commit to learning as the only way that can guarantee their success.” I could go ahead with many others, but I hope you can already see the pattern and what really is happening.
During the Executive Revision Masterclass, we will deal with all these and others to position you better for the Examination.

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