STANDARD OF PAPER The standard of the Financial Management paper for this November 2016 sitting was generally good from Examination standard perspective. It was also good from student’s appreciation, understanding and answering of the questions perspective. It was a professionally balanced paper both in terms of syllabus coverage and marks allocation. The questions asked were a good spread across the subject areas and also covered well both quantitative and non-quantitative aspects of the syllabus. This ensured that those who passed the paper were well read and prepared across the entire syllabus which was excellent The questions appeared precise, unambiguous and measured up to the standard expected at level 2 of the examination. No typographical errors were noticed and no errors were found in the questions.

PERFORMANCE OF CANDIDATES The performance of the students was a remarkable improvement over the recent past sittings and the best performance in recent memory. The average pass rate was about 33% far better than the less than 10% pass experiences. This can be partially attributed to improvement in the questions setting and moderations to ensure that they were balance, precise and comprehensible by the students commensurate with the standard expected at level two. It was further noticed that the improvement in performance and pass rate was spread across all centers, including the out of Accra and Cape coast centers, which in prior sittings recorded the worst performances. The possible reasons for the improved performance were as follows:  Standard paper at that level commensurate with the knowledge and expertise expected of students at that level  Some improvement in preparations by students as answers provided showed some level of good preparation by the students  Improvement in tuition services provided  Improvement in knowledge by students on exam preparation and questions answering techniques  The good performance was across all centers even though not in same magnitude.  There was no evidence of copying in the exams.  The level of preparations appeared better as reflected in the content of the answers. This showed improved preparation by the students to adequately answer the questions. Basic Finance terms and terminologies were responded to quite well andPage 2 of 18 most answers provided exhibited some level of basic fluency in Finance terminologies.