GENERAL PERFORMANCE In general, the performance of students were not good as expected, given that, the questions were all reasonable to have produced average performance but this was not the case. Students who studied well had it easy and score above 15 marks in each question and a good number scored 20 marks in two of the questions. Some students rather failed the budget questions which appeared to be the easiest. It was expected that, this questions would have been the best for all students. In all the performance was below average and generally spread across all centers. There were no strong similarities in the solutions of students. The performance only reflected low level of preparedness by students and poor predictability of questions by students.

STANDARD OF THE PAPER This paper was relatively easy as compared to May, 2015 Management Accounting questions. The mix of question was generally good with straight forward questions. The level of ambiguities if any was very minimal with exception of question two depreciation of 5% which had alternative convincing logical approach, its effect on the solution was equally less significant. A student could still score18 marks out of 20 even if he got the depreciation wrongly calculated. Provision was however made to take care of the ambiguity by providing alternative marking scheme. There existed no sub-standard questions and all questions carried a reasonable marks according to the syllabus.