STANDARD OF THE PAPER The subject areas in which the candidates were examined were within the approved syllabus of the Institute. The areas include performance analysis using ratios, Cash Budgeting, Management Accounting Concepts, Variance analysis, Capital Budgeting, Investment appraisal, Shadow Prices and C/S ratio with Optimum Production Plans. There were no ambiguities and errors in the questions but some of the subject contents are considered to be elaborated (loaded) under examination conditions.

PERFORMANCE OF CANDIDATES The general performance of the candidates is considered not satisfactory. Pass rate increased from 12% in November 2019 to 18% in May 2020