PRINCIPLES OF TAXATION (PAPER 2.6)

INSTITUTE OF CHARTERED ACCOUNTANT GHANA, ICAG

dc.contributor.author	INSTITUTE OF CHARTERED ACCOUNTANT GHANA, ICAG
dc.date.accessioned	2022-07-19T12:15:05Z
dc.date.available	2022-07-19T12:15:05Z
dc.date.issued	2021-05
dc.identifier.uri	http://41.66.247.10:8080/xmlui/handle/123456789/444
dc.description	STANDARD OF THE PAPER The standard of the questions was excellent. All the questions did reflect the Principles of Taxation syllabus of which the candidates were expected to have a fair knowledge to pass. The questions fairly covered the entire syllabus, and the expectations were that an average student who wrote the paper should be in the position to pass.	en_US
dc.description.abstract	EXAMINER’S GENERAL COMMENTS Though entirely satisfactory, the candidates' performance in this paper was not what was expected based on the standard of the questions. Approximately 23% of the candidates who wrote the paper passed. This was above the pass rates of approximately 20% recorded during November 2020. Tuition providers and students should have been conversant with the trend by now since, more often than not, the questions are normally spread across the syllabus. This is the fourth diet for the paper after the change of the syllabus, and it is still expected that candidates would have the opportunity to make amends by learning the rudiments of the paper. Candidates are advised, to continuously read and pay more attention to the tax laws and principles. This is so because the Principles of Taxation is built on general knowledge of how the tax laws and principles work and, more significantly, how the law and principles are explained and applied. The principles of taxation paper describe the Ghanaian taxation system, outline the basic principles of taxation of individuals and corporations (entities), and outline key aspects of realisation of assets, VAT, and describe how the Ghana Revenue Authority administers taxes. Therefore, candidates should desist from specialisation and exert their energies in learning across the broad spectrum of the syllabus since this will easily catapult them to success. Another general observation made was the fact that there was much improvement in the computational questions. Most of the candidates performed excellently, probably because the instructions and requirements in the questions were straightforward.	en_US
dc.description.sponsorship	ICAG	en_US
dc.language.iso	en_US	en_US
dc.publisher	ICAG LIBRARY	en_US
dc.relation.ispartofseries	PT;PAPER 2.6
dc.subject	MAY 2021 PROFESSIONAL EXAMINATION PRINCIPLES OF TAXATION (PAPER 2.6) CHIEF EXAMINER’S REPORT, QUESTIONS AND MARKING SCHEME ICAG LIBRARY NYARKO TWUM OSBORN ERNEST YAW DENKYIRA	en_US
dc.title	PRINCIPLES OF TAXATION (PAPER 2.6)	en_US
dc.title.alternative	PT PAPER 2.6	en_US
dc.type	Learning Object	en_US