EXAMINER’S GENERAL COMMENTS The level of preparations appeared better. There was an improvement in the answers given. This demonstrates that students prepared adequately. Basic Finance terms and terminologies were responded to quite well and most answers provided exhibited some level of basic fluency in Finance terminologies. Majority of candidates concentrated their time and answers more on the straight forward questions especially the written ones that fetched them the maximum marks to improve their chances of passing.

TANDARD OF PAPER The standard of the Financial Management paper for May 2017 exams was generally satisfactory, balanced and well spread. Based on the performance of the students, the questions were generally understood and well answered in most cases by students. Feedback from other examiners and overall pass rate by students were consistent with this observation. The question paper was well spread and cutting across most subject areas. Both quantitative and theory aspect of the exams were covered with the theory questions considered straight forward for well-prepared students to handle without any difficulties. The questions appeared precise, unambiguous and measured up to the standard expected at level 2 of the examination except questions 4 and 5 which students found to be a bit ambiguous. No typographical errors were noticed and no errors were found in the questions. The area requiring improvement was the provision of alternative solutions in the marking scheme for questions that could be answered from a different perspective outside the marking schemes provided. No sub-standard question was noticed in the paper and all questions were found to be of good standard to meet the standards expected at that level. Mark allocations conformed to the syllabus weightings and in few cases where it was observed not to be fairly allocated, they were slightly modified at the co-ordination level to ensure a balance in the allocation