FINANCIAL ACCOUNTING (PAPER 1.1)

INSTITUTE OF CHARTERED ACCOUNTANT GHANA, ICAG

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dc.contributor.author	INSTITUTE OF CHARTERED ACCOUNTANT GHANA, ICAG
dc.date.accessioned	2022-07-25T14:36:04Z
dc.date.available	2022-07-25T14:36:04Z
dc.date.issued	2016-05
dc.identifier.uri	http://41.66.247.10:8080/xmlui/handle/123456789/593
dc.description	PERFORMANCE OF CANDIDATES The performance of candidates was very poor compared to the previous sittings. Candidates scored 46%. A small number of candidates exhibited a high sense of preparedness while majority were not well prepared. The strength of most candidates was demonstrated in the question 1 which was on depreciation. Candidates generally scored better in question one, three and five than in the other questions. High performers were evenly spread across some centres. Low performers were spread across all centres. There were no signs of copying in any centre. The level of preparedness of candidates was mixed because while others performed extremely well others performed poorly. The most prevalent reasons for some candidates obtaining low marks remains as in previous sittings, i.e. studying only a few selected topics, not reading the question carefully enough, or a lack of structure in the approach to answering questions. There were improper labelling of answers as required in the answer booklet, low coverage and improper presentation of answers. Some candidates used pencils in writing which was a bad practice. The overall standard of some answers was disappointing. In particular some candidates showed a poor understanding of bookkeeping across several questions. Many candidates did not attempt the required number of questions, making the achievement of an overall passing mark a challenge. Some candidates presented ledger accounts when journals are requested in the question and thus loosing marks. The general presentation of scripts was acceptable. The majority of candidates are now filing question parts together, though some still scatter them throughout the answer book. The main areas of weakness around presentation are as follows: • Poor and untidy handwriting • No workings presented for some questions • Some candidates are making calculation errors within workings and thus presenting an incorrect figure in the solution.	en_US
dc.description.abstract	GENERAL COMMENTS The standard of the question paper was good and candidates were asked to answer five (5) questions out of seven (7) question. The questions were clear, well typed and the instructions were also clearly stated. There were no ambiguities in the paper except that in question 2 candidates were asked to prepare an appropriation account for partnership business in two parts and it poses problem to the candidates. Candidates scored very low marks in this questions. The mark allocations followed the weight as stated in the syllabus and marks were allocated to all sub-questions.	en_US
dc.description.sponsorship	ICAG	en_US
dc.language.iso	en	en_US
dc.publisher	ICAG LIBRARY	en_US
dc.relation.ispartofseries	FA;PAPER 1.1
dc.subject	NOVEMBER 2016 PROFESSIONAL EXAMINATION FINANCIAL ACCOUNTING (PAPER 1.1) CHIEF EXAMINER’S REPORT, QUESTIONS AND MARKING SCHEME ICAG LIBRARY NYARKO TWUM OSBORN ERNEST YAW DENKYIRA	en_US
dc.title	FINANCIAL ACCOUNTING (PAPER 1.1)	en_US
dc.title.alternative	FA PAPER 1.1	en_US
dc.type	Learning Object	en_US