FINANCIAL REPORTING (PAPER 2.1)

INSTITUTE OF CHARTERED ACCOUNTANT GHANA, ICAG

dc.contributor.author	INSTITUTE OF CHARTERED ACCOUNTANT GHANA, ICAG
dc.date.accessioned	2022-07-22T15:58:15Z
dc.date.available	2022-07-22T15:58:15Z
dc.date.issued	2018-05
dc.identifier.uri	http://41.66.247.10:8080/xmlui/handle/123456789/544
dc.description	STANDARD OF THE PAPER. The standard of the questions was generally good and could be compared to those of the earlier years administered in terms of volume of adjustments required. The questions covered all the relevant sections of the syllabus. All the questions reflected the weighting of the topics in the syllabus, and the mark allocations followed a similar pattern in the previous exams. Questions one, and three were too much loaded requiring more time and the marks allocated were not commensurate with the volume of work. Questions 2 and 5 (b) and (c) were on the Accounting Standards and the volumes of work required were commensurate with the allotted marks. Question 4 on ratios required the calculation of 12 ratios and a report on operational performance, gearing, investment and liquidity for 15 marks. The volume of work required for a 15 mark question was on the high side.	en_US
dc.description.abstract	EXAMINER’S GENERAL COMMENTS 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. Candidates with high understanding of the Accounting Standards scored high marks especially in questions two and five (b) and (c). The orderly and logical presentation of answers continued to be a challenge to most candidates. For instance, a candidate started a question on page one and then continued on page 18 with no reference on page one to the continuation on page 18.	en_US
dc.description.sponsorship	ICAG	en_US
dc.language.iso	en	en_US
dc.publisher	ICAG LIBRARY	en_US
dc.relation.ispartofseries	FR;PAPER 2.1
dc.subject	MAY 2018 PROFESSIONAL EXAMINATIONS FINANCIAL REPORTING (PAPER 2.1) CHIEF EXAMINER’S REPORT, QUESTIONS AND MARKING SCHEME ICAG LIBRARY NYARKO TWUM OSBORN ERNEST YAW DENKYIRA	en_US
dc.title	FINANCIAL REPORTING (PAPER 2.1)	en_US
dc.title.alternative	FR PAPER 2.1	en_US
dc.type	Learning Object	en_US