EXAMINER’S GENERAL COMMENTS The standard of the examination paper was good and a good number of the candidates prepared well for the examination. STANDARD OF THE PAPER The standard of the paper was good. It compares favourably with those of previous years. There were no ambiguities, typographical or other errors in the paper. The marks allocation was fair and marks were allocated to each sub-question. All the questions were within the scope of the syllabus.

PERFORMANCE OF THE CANDIDATES The performance was slightly above average. It was however an improvement over that of November 2016. A good number of the candidates performed creditably. However, there were some of the candidate who performed poorly because they did not prepare very well for the examination. NOTABLE STRENGTHS AND WEAKNESS OF CANDIDATES The main strength was that almost all the candidates attempted the required number of questions. A few of them demonstrated good understanding of the subject matter. Most of the candidates were now familiar with the difference between factors in the external environment and forces of competition. The weakness of the candidate was that some of them provided incorrect responses to questions. Another weakness is a problem of transfer of learning. Some of the candidate could not compute return on investment and residual income which is a subject in Cost and Management Accounting