EXAMINER’S GENERAL COMMENTS The questions were within the approved syllabus of the Institute. The requirements were acceptable within the time frame allowed. Written questions/comments accounted for 40% of the total marks allocated whilst calculated questions for 60%. There were no errors and ambiguities identified in the questions. Marks allocations per the questions were also considered appropriate.

AREAS EXAMINED The candidates were examined in the following subject areas of Management Accounting in the November 2019 Examinations:  Ratio Analysis and performance evaluation.  Budgetary Control and Operating Statements at various activity levels.  Standard Costing and Variance Analysis in profit reconciliations.  Investment Appraisal and decision making.  Pricing Strategy and Break-Even Analysis.