examiners' and performance report

153
(NBAA) THE NATIONAL BOARD OF ACCOUNTANTS AND AUDITORS TANZANIA EXAMINERS’ AND PERFORMANCE REPORT 84 TH EXAMINATION SESSION – NOVEMBER 2016 NBAA, Telephones: (022) 2211890-9 Mhasibu House, Mobile: 0737 218031/0713 320423 Bibi Titi Mohamed Street, Fax: (022) 2151746 P.O. Box 5128, Email: [email protected] Dar es Salaam, Website: www.nbaa.go.tz Tanzania. 22 ND DECEMBER 2016

Upload: ngokhanh

Post on 01-Jan-2017

263 views

Category:

Documents


8 download

TRANSCRIPT

Page 1: EXAMINERS' AND PERFORMANCE REPORT

(NBAA)

THE NATIONAL BOARD OF ACCOUNTANTS AND AUDITORS TANZANIA

EXAMINERS’ AND PERFORMANCE REPORT

84TH EXAMINATION SESSION – NOVEMBER 2016

NBAA, Telephones: (022) 2211890-9 Mhasibu House, Mobile: 0737 218031/0713 320423 Bibi Titi Mohamed Street, Fax: (022) 2151746 P.O. Box 5128, Email: [email protected] Dar es Salaam, Website: www.nbaa.go.tz Tanzania. 22ND DECEMBER 2016

Page 2: EXAMINERS' AND PERFORMANCE REPORT

TABLE OF CONTENTS

PAGE Foreword & Acknowledgement ……………………………………… (i) Executive Summary of 84th Examination session …………………... (v) CHAPTER 1 Analysis of Candidates’ Performance in the 84th Examination Session 1 CHAPTER II Performance Evaluation Subject-Wise …………………..................... 4 • Accounting Technician Examination Level I ……….................. 4 • Accounting Technician Examination Level II …………………. 18 • Foundation Level ………………………………… 32 • Intermediate Level …………………….................. 51 • Final Level ……………………………………….. 82 CHAPTER III Examiners’ Recommendations to Tutors & Students ………………... 105 CHAPTER IV Institutional Performance Evaluation ………………………………... 114 CHAPTER V Accounting Manpower Created by the Board up to November 2016 125

CHAPTER VI The NBAA Special Awards Programme for Candidates with

Meritorious Examination Achievements ……………......................... 130

Page 3: EXAMINERS' AND PERFORMANCE REPORT

i

FOREWORD AND ACKNOWLEDGEMENT ________________

The current examination scheme has been tested for the fifth time in November 2016. The first time was in November 2014. Unlike the phased out examination scheme the current examination scheme is basically designed to test competencies rather than understanding of knowledge. To realise this goal there is a need to streamline the whole process from teaching of the students, setting of examination questions as well as marking of the examinations. Here it means that the trainers, learners, examiners as well as examination markers need to speak the same language. If there is any mismatch between these stakeholders the aim of competence based examination scheme cannot be realised. Lecturers are required to change their teaching orientation to match with competence approach. They are required to guide learners to acquire competencies rather than knowledge. Learners as well as are supposed to change their learning style from rote learning to active learning that will enable them to learn the required competencies rather than creaming of information. Those who are setting examination questions should also consider the fact that they are testing understanding of skills and competencies rather than understanding of information. How to orient all these stakeholders to have the same orientation has remained a challenge in implementing the competence based examination scheme. But as we move forward the situation is changing into better through trainings and acquisition of experiences.

The current examination scheme has eight subjects in the Accounting Technician Levels I and II as shown below:

Code Name Accounting Technician Level I T01 Book keeping and Accounts T02 Elements of Business Maths and Statistics T03 Introduction to Information and Communication Technology T.04

Business Communication Skills

Accounting Technician Level II T.05 Principles of Accounting and Auditing T.06 Elements of Cost Accounting and Procurement T.07 Elements of Commercial Knowledge and Taxation T.08 Accounting for Public Sector and Cooperatives

Page 4: EXAMINERS' AND PERFORMANCE REPORT

ii

The Professional Examination Scheme has three level structures as follows: (i) Foundation (Knowledge and Skills) Level, having five subjects, (ii) Intermediate (Skills and Analysis in Context) Level, having six subjects, and (iii) Final (Professional Analysis, Application and Evaluation) Level, having four subjects.

In total the Professional Examination Scheme has 15 subjects as shown hereunder:

ACCOUNTING MANPOWER Since the inception of the Accounting Technician examinations the Board has been able to produce 13,901 Accounting Technicians. This category of Accounting Technicians covers 3,696 Accounting Technicians Certificate (ATEC) graduates, 2,971 Basic Book-keeping Certificate (BBC) graduates, 5,746 National Book-keeping Certificate (NABOCE) graduates and 1,537 National Accountancy Diploma (NAD) graduates. The Board has also been able to produce 7,597 CPA (T) graduates since it started conducting these examinations in May, 1975. In total, the Board has been able to produce 21,547 accounting personnel (manpower) of different levels and categories serving both in public and private sectors inside and outside Tanzania.

Foundation (Knowledge and Skills Level) Exam Code

Subject Name

A1 Quantitative Techniques A2 Business and Management A3 Accounting A4 Business Information A5 Business Laws

Intermediate (Skills and Analysis in Context Level) Exam Code

Subject Name

B1 Financial Management B2 Financial Accounting B3 Auditing Principles and Practice B4 Public Finance and Taxation I B5 Performance Management B6 Management, Governance and Ethics Final (Professional Analysis, Application and Evaluation Level) Exam Code

Subject Name

C1 Corporate Reporting C2 Auditing and Assurance Services C3 Business and Corporate Finance C4 Public Finance and Taxation II

Page 5: EXAMINERS' AND PERFORMANCE REPORT

iii

EXAMINATION CENTRES During the 84th examination session, examinations were held in 11 examination centres located in Tanzania Mainland and Zanzibar. These centres accommodated 6,282 candidates sitting at different levels of the Board’s examinations. The examination centres were as shown here below: Dar es Salaam Centres 1. Diamond Jubilee Hall 2. PTA – Karume Hall

Upcountry centres 1. Arusha – Institute of Accountancy Arusha (IAA) 2. Dodoma – College of Business Education (CBE) 3. Kilimanjaro –Young Men Christian Association (YMCA) Moshi 4. Mbeya – Mkapa Conference Centre 5. Morogoro – CCT Women’s Training Centre 6. Mwanza –St. Dominic Pastoral Centre 7. Tabora - VETA RVTSC (new centre from November 2016) 8. Tanga – St. Joseph’s Commercial School (SJCS) 9. Zanzibar – State University of Zanzibar (SUZA) OBJECTIVES OF THE REPORT The Report is intended to avail to trainers and candidates, the examinations’ overall general performance, specific areas of weaknesses and suggestions for improvement. It is an important guide to candidates as well as trainers, setters, markers and moderators of the Board’s future examinations. Analysis of the examination performance is presented in Table 5 of this report while a detailed analysis indicating the performance of candidates registered by the recognized Tuition Providers is shown in Tables 15.1 to 15.5 of the report. Comments and observations in the Examiners' and Performance Report are supported by relevant statistical analysis of the candidates' performance in each examination layer. The last chapter of the Report comprises a list of prizes offered by NBAA and other award donor institutions. These prizes will be awarded to candidates who have excelled in their examinations during the graduation ceremony to be held in October 2017.

Page 6: EXAMINERS' AND PERFORMANCE REPORT

iv

ACKNOWLEDGEMENT On behalf of the Board and on my own behalf, I wish to convey my very sincere appreciation to all persons who willingly supported the Board in this demanding professional task. I am indeed particularly thankful to all Tuition Providers who devoted their energy and time to guide the candidates and preparing them for the examinations. I am also delighted to acknowledge the contribution of Board’s Examiners, Markers, Invigilators, and the Board’s Secretariat, the Education and Publications Committee and the Governing Board for their much appreciated co-operation during the whole process of the NBAA’s 84th examination session. Last but not least, I congratulate all examination candidates who studied hard and sat for the 84th examinations of the Board. Once again, I would like to reiterate that the Examiners' Report is prepared to help trainers and the Board’s candidates to improve on their future performance by learning from previous mistakes. I, therefore, call upon readers of this Report to come up with constructive suggestions on how to improve further the examination process and reports arising therein. Yours sincerely, CPA Pius A. Maneno EXECUTIVE DIRECTOR

Page 7: EXAMINERS' AND PERFORMANCE REPORT

v

EXECUTIVE SUMMARY TO THE 84THEXAMINATION SESSION – NOVEMBER 2016 1.0 PREAMBLE:

The Board conducts its examinations twice in a year during the months of May and November. This session is the 84th examination session in which the examinations were conducted from Tuesday 1st to Friday 4th November 2016 There were 6,917candidates who applied for the examinations, out of whom 635 (9.2%) were absent, 6,282 sat for the examinations at different levels. The candidature distribution this session is as shown below: Table 1: Candidature distribution

EXAMINATION LEVELS

CANDIDATES APPLIED

CANDIDATES ABSENT

% CANDIDATES SAT

%

TECHNICIAN LEVELS ATEC I:

92 8 8.7 84 91.3

ATEC II: 170 12 7.1 158 92.9

PROFESSIONAL LEVELS

Foundation 454 49 10.8 405 89.2

Intermediate 3925 403 10.3 3522 89.7

Final 2,276 163 7.2 2113 92.8 TOTALS 6,917 635 9.2 6,282 90.8

Page 8: EXAMINERS' AND PERFORMANCE REPORT

vi

2.0 TREND OF THE EXAMINATION CANDIDATURE

2.1 Candidature Exam Sitting Candidature enrolment this session has slightly increased by 603 candidates (9.6%) compared with the November 2015 examination session. There were 6,282 candidates who sat for the November 2016 examinations against 5,679 candidates who sat for the November 2015 examinations.

Table 2 and Graph 1 show candidature trend (candidates who sat for the examinations) for the eight examination sessions: May 2013 to November 2016.

Table 2

EXAMINATION CANDIDATURE TREND FOR THE PRECEDING EIGHT EXAMINATION SESSIONS MAY 2013 TO NOVEMBER 2016

EXAMINATION

ATEC I

ATEC II

FOUNDATION INTERMEDIATE FINAL TOTAL

A B C D E F

77th Session May, 2013 125 142 61 93 168 108 2,048 1,297 4,042

78th Session November, 2013 111 162 59 125 168 83 2,556 1,487 4,751

79th Session May, 2014 83 161 68 85 174 90 2,109 1625 4,395

80th Session November, 2014 159 125 372 3,109 2,021 5,786

81st Session May, 2015 159 119 365 3,163 2,011 5,817

82nd Session November, 2015 111 134 364 3,114 1956 5,679

83rd Session May 2016 110 160 445 3,495 2,289 6,499

84th Session November 2016 84 158 405 3522 2,113 6,282

Page 9: EXAMINERS' AND PERFORMANCE REPORT

vii

Graph 1 GRAPHICAL PRESENTATION OF THE BOARD’S OVERALL EXAMINATION CANDIDATURE FOR THE PRECEDING EIGHT (8) EXAMINATION SESSIONS

(MAY 2013 TO NOVEMBER 2016)

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

May-13 Nov-13 May-14 Nov-14 May-15 Nov-15 May-16 Nov-16

4,042

4,7514,395

5,786 5,817 5,679

6,499 6,282

No.

of C

andi

date

s

Examination Sessions

Page 10: EXAMINERS' AND PERFORMANCE REPORT

viii

2.2 Candidature Distribution – November 2016

Candidature distribution for the November 2016 examination session shows that majority of the candidates who sat for these examinations were in the Intermediate level examinations. The Chart below shows the candidature distribution

Candidature in Intermediate level is highest as most of the candidates who enrol at this level are those who have completed a three years’ bachelor degree programme or its equivalent in accounting and enjoy exemptions to sit for the Intermediate Level examinations. Currently, the Board has recognized 19 accountancy training institutions whose programmes enjoy such exemption. A tertiary institution which offers bachelor degree courses related to accountancy courses has to apply to NBAA for its graduands to be given exemption in the Board’s examinations. Furthermore, majority of the candidates at this level were those who sat for B5-Performance Management subject who were referred in P19 Management Accounting in the previous syllabus. Out of 3,522 candidates who sat for the Intermediate Level examinations 2,518 (71.5%) sat for Performance Management subject.

Chart 1

Candidature Distribution – November 2016

84158

405

3,522

2,113

ATEC I - 84

ATEC II - 158

FOUNDATION - 405

INTERMEDIATE - 3,522

FINAL - 2,113

Page 11: EXAMINERS' AND PERFORMANCE REPORT

ix

3.0 EXAMINATION PERFORMANCE

3.1 Pass rates for examination levels tested in November 2016

Table 3 shows pass rates in November 2016 examination session

EXAMINATION LEVEL NUMBER OF PASSES PERCENTAGE ATEC I Passed Part passed

24 23

28.6 27.4

ATEC II Passed Part passed

49 69

31.0 43.7

FOUNDATION Passed Part passed

209 151

51.6 37.3

INTERMEDIATE Passed Part passed

647 1240

18.4 35.2

FINAL Passed Part passed

335 637

15.9 30.1

TOTAL PASSES Passed Part passed

1,264 2,120

20.1 33.7

NOTE:

Among the candidates who passed Intermediate and Final Levels there were two (02) candidates with foreign qualifications.

Table 4 shows number of candidates with foreign CPA equivalent qualification who sat and cleared the subjects with local contents

Subjects Number of entries A5: Business Law 00 B4: Public Finance and Taxation I only 02 C4: Public Finance and Taxation II only 05 Both B4 & C4: Public Finance and Taxation I and II

12

Total 19 These candidates are eligible for the award of letters of success and certificates to enable them register as NBAA members.

Page 12: EXAMINERS' AND PERFORMANCE REPORT

x

3.2 Examination Performance by Gender:

Examination performance by gender in the five examination levels is as indicated on Table 5: Table 5: Examination performance by gender

Passes Partial Passes Failures Total

Male Female Total Male Female Total Male Female Total Male Female Total No. % No. % No. % No. % No. % No. % No. % No. % No. % No. % No. % No. %

ATEC

Level I 18 75.0 06 25.0 24 100 15 65.2 08 34.8 23 100 20 50.1 17 45.9 37 100 53 63.1 31 36.9 84 100

ATEC

Level II 28 57.1 21 42.9 49 100 39 71.0 20 29.0 69 100 20 50.0 20 50.0 40 100 97 61.4 61 38.6 158 100

Foundatio

n Level 137 65.9 71 34.1 208 100 91 59.9 61 40.1 152 100 23 51.1 22 48.9 45 100 251 62.0 154 38.0 405 100

Intermedi

ate Level 414 64.0 233 36.0 647 100 769 62.0 471 38.0 1,240 100 1,002 61.3 633 38.7 1,635 100 2,185 62.0 1,337 38.0 3,522 100

Final

Level 218 65.1 117 34.9 335 100 400 62.8 237 37.2 637 100 716 62.8 425 37.2 1,141 100 1,334 63.1 779 36.9 2,113 100

TOTAL 815 64.5 448 35.5 1,263 20.1 1,324 62.4 797 12.7 2,121 100 1,781 61.5 1,117 38.5 2,898 46.1 3,920 62.4 2,362 37.6 6,282 100

Page 13: EXAMINERS' AND PERFORMANCE REPORT

1

CHAPTER I

ANALYSIS OF CANDIDATES’ PERFORMANCE IN THE

84TH EXAMINATION SESSION – NOVEMBER 2016 OVERALL CANDIDATES' PERFORMANCE During the 84th examination session 6,917 candidates were registered for the Board’s examinations held in November, 2016, out of whom 635 (9.2%) candidates were absent from the examinations, 6,282 candidates sat for the examinations. Of the 6,282 candidates who sat for the examinations, 1,265 (20.1%) candidates passed while 2,119 (33.8%) candidates part passed and a total of 2,898 (46.1%) candidates failed the examinations. (See Table 5 on page 3). ACCOUNTING TECHNICIAN CERTIFICATE (ATEC) - LEVEL I The November 2016 examination session was the 5th session since the review of the examinations structure and syllabi of ATEC. 92 candidates registered themselves for the examination. 8 (8.7%) candidates were absent. 84 candidates sat for the examination, out of whom 24 (28.6%) passed hence becoming eligible for a STATEMENT OF SUCCESS at this level. 23 (27.4%) candidates have part passed while a total of 37 (44.0%) candidates failed the examination. (See Table 5 on page3). ACCOUNTING TECHNICIAN CERTIFICATE (ATEC) - LEVEL II The Accounting Technician examinations consist of four subjects. These subjects were tested for the fifth time this session following the review of the examination structure and syllabi. In this examination, 170 candidates registered themselves for the examination out of whom 12 (7.1%) candidates were absent. Of the 158 candidates who wrote the examination, 49 (31.0%) candidates passed hence becoming eligible for a STATEMENT OF SUCCESS at this level. 69 (43.7%) candidates have part passed while a total of 40 (25.3%) candidates failed the examination. (See Table 5 on page3). FOUNDATION LEVEL The Foundation Level examinations consist of five subjects. These subjects were tested for the fifth time this session following the review of the examination structure and syllabi. In this examination, 454 candidates registered themselves for the examination out of whom 49 (10.8%) candidates were absent. Of the 405 candidates who wrote the examination, 208 (51.4%) candidates passed hence becoming eligible for a STATEMENT OF SUCCESS at this level. 152 (37.5%) candidates have part passed while a total of 45 (11.1%) candidates failed the examination. (See Table 5 on page3).

Page 14: EXAMINERS' AND PERFORMANCE REPORT

2

INTERMEDIATE LEVEL The Intermediate Level examinations consist of six subjects. As with the Foundation Level examinations, these subjects were tested for the fifth time this session following the review of the examination structure.

In this examination, 3,925 candidates registered themselves out of whom 403 (10.3%) candidates were absent. Of the 3,522 candidates who wrote the examination, 647 (18.4 %) candidates passed hence becoming eligible for a STATEMENT OF SUCCESS at this level. 1240 (35.2%) candidates have part passed while a total of 1635 (46.4%) candidates failed the examination. (See Table 5 on page3).

FINAL LEVEL The Final Level examinations consist of four subjects. These examinations were tested for the fifth time following review of the examination structure.

In this examination, 2,276 candidates registered themselves for Final Level examinations, out of whom 163 (7.2%) candidates were absent. Of the 2,113 candidates who wrote the examination, 337 (15.9%) candidates passed, hence becoming eligible for a STATEMENT OF SUCCESS at this Level. 635 (30.1%) candidates have part passed while a total of 1,141 (54.0%) candidates failed the examination. (See Table 5 on page3).

CANDIDATES QUALIFYING FOR THE PROFESSIONAL CERTIFICATE OF COMPLETION In this examination session, 49 candidates qualify for the certificate of completion of the ATEC programme, comprising 21 (42.9%) female candidates and 28 (57.1%) male candidates. The breakdown of the 49 candidates qualifying for the Accounting Technician Certificate:

• 01 (2.0%) have passed subjects that were remained in ATEC I • 46 (93.9%) have passed ATEC II • 02 (4.1%) have passed both ATEC II and remained subjects in ATEC I

On the other hand 420 candidates qualify for the certificate of completion of the CPA programme, comprising 145 (34.5%) female candidates and 275 (65.5%) male candidates. The breakdown of the 421 candidates qualifying for the CPA (T):

• 136 (32.4%) passed both Intermediate and Final Level examinations • 214 (51.0%) have passed Intermediate Level who had already passed Final Level • 70 (16.6%) passed Final Level examinations this session

Page 15: EXAMINERS' AND PERFORMANCE REPORT

3

TABLE 6

GENERAL STATISTICAL ANALYSIS OF EXAMINATION RESULTS 84TH EXAMINATION SESSION – NOVEMBER 2016

EXAMINATION ATEC I ATEC II FOUNDATION INTERMEDIATE

FINAL TOTAL

NO. % NO. % NO % NO. % NO % NO. %

ENTRIES 92 100 170 100 454 100 3925 100 2276 100 6917 100

ABSENTEES 8 8.7 12 7.1 49 10.8 403 10.3 163 7.2 635 9.2

CANDIDATES WHO SAT

84 91.3 158 92.9 405 89.2 3522 89.7 2113 92.8 6282 90.8

PASSED 24 28.6 49 31.0 208 51.4 647 18.4 337 15.9 1265 20.1

PART PASSED 23 27.4 69 43.7 152 37.5 1240 35.2 635 30.1 2119 33.7

FAILURES 37 44.0 40 25.3 45 11.1 1635 46.4 1141 54.0 2898 46.1

TOTAL 84 100 158 100 405 100 3522 100 2113 100 6282 100

Page 16: EXAMINERS' AND PERFORMANCE REPORT

4

CHAPTER II

PERFORMANCE EVALUATION SUBJECT-WISE INTRODUCTION This chapter provides a detailed analysis of performance of candidates in each subject at each level of the Board’s examinations. General evaluation and assessment of candidates’ performance at each level and specific assessment of candidates in each topic examined is analyzed. The Board hopes that this report will provide necessary guidance to trainers and students for the better results in the Board’s future examinations. The November 2016 examination is the fifth examination session under the revised examination scheme and syllabi. The scheme has a two tier system of five different levels: two at the Accounting Technician level and three at the Professional level. A total of 23 examination papers were attempted this session as detailed hereunder: (a) Accounting Technician Level I with four papers; (b) Accounting Technician Level II with four papers; (c) The Foundation Level with five papers; (d) The Intermediate Level with six papers; (e) The Final Level with four papers.

ACCOUNTING TECHNICIAN LEVEL I GENERAL PERFORMANCE 84 candidates sat for the ATEC I examinations. The performance indicates that 24 (28.6%) candidates passed and therefore become eligible for the STATEMENT OF SUCCESS FOR ATEC I. 23 (27.4%) candidates have passed some of the subjects in this level while 37 (44%) candidates failed the examinations. The general performance subject-wise is as shown in Table 6.1 below:

TABLE 7.1 ATEC I SUBJECT-WISE PERFORMANCE ANALYSIS

Paper Code

Subject

Performance November 2015 May 2016 November 2016

Entries Pass % Entries Pass % Entries Pass %

T.01 Bookkeeping and Accounts 55 40 72.7 55 37 67.2 39 26 66.7

T.02 Elements of Business Maths and Statistics 70 12 17.1 80 31 38.8 65 20 30.8

T.03

Introduction to Information and Communication Technology 96 53 55.2 90 45 50.0 60 33 55.0

T.04 Business Communication Skills 60 41 68.3 61 30 49.2 50 27 54.0

Page 17: EXAMINERS' AND PERFORMANCE REPORT

5

GENERAL COMMENTS T.01 - BOOK-KEEPING AND ACCOUNTS I: PRINCIPAL LEARNING OUTCOME

Principal learning outcome of this paper is to enable candidates to apply knowledge of Book keeping and Accounts for recording, posting business transactions in the book of accounts and preparation of accounting statements in private and public sector accounts.

II: STRUCTURE OF THE PAPER

The paper comprised of three questions whereby candidates were required to answer all questions. Question one was an objective and carried 60%.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE QUESTION 1: VARIOUS TOPICS - MULTIPLE CHOICES

Candidates were required to:- (a) Choose the correct answers among the given four alternatives. (b) Write whether the given statements were true or wrong. (c) Match the given set of phrases. Candidates’ performance in this question was satisfactory. Out of 39 candidates who answered the question, 19 (48.7%) candidates passed while the remaining 20 (51.3%) candidates failed. Out of those who passed 18 (46.2%) and 01 (2.5%) candidates scored pass and credit marks respectively. There were no distinction in this question.

Those who failed relied on guessing the answers.

QUESTION 2: A. RECORD AND POST ACCOUNTING TRANSACTIONS B. PREPARATION OF FINANCIAL STATEMENTS Candidates were required to use the given information to:

(a) Prepare the journal entries necessary to record the financial transactions.

(b) Define drawings. (c) Outline circumstances under which the capital of a business may

change. (d) Use the capital formula to determine the final capital.

Candidates’ performance in this question was not satisfactory. Out of 39 candidates who answered the question only 16 (41.0%) candidates passed while the remaining 23 (59.0%) candidates failed. Out of those who passed 07 (18.0%), 04 (10.2%) and 05 (12.8%) candidates scored pass, credit and distinction marks respectively.

Most candidates failed to use the given information to answer the question appropriately.

Page 18: EXAMINERS' AND PERFORMANCE REPORT

6

QUESTION 3: A. BANK RECONCILIATION

B. PREPARATION OF CASH BOOK AND PETTY CASH

Candidates were required to use the provided information to:-

(a) Explain four reasons for a cheque to be dishonoured by a bank (b) Make any necessary entries in the cash book (c) Prepare a statement of reconciliation.

Candidates’ performance in this question was not satisfactory. Out of 39 candidates who answered the question only 07 (17.9%) candidates passed while the remaining 32 (82.1%) candidates failed. Out of those who passed 06 (15.4%) and 01 (2.5%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Majority of the candidates failed to identify the reasons for dishonoured cheque and some failed to prepare the bank reconciliation statement.

IV: GENERAL OBSERVATIONS (a) Assessment of the paper

The panel of examiners observed that questions were clear and fair. Also they commented that the Paper was of the standard and rigour required and could be answered within the allocated time.

(b) Candidates’ overall performance Candidates’ performance in this paper was satisfactory. Out of 39 candidates who answered the examination, 26 (66.7%) candidates passed while the remaining 13 (33.3%) candidates failed. Out of those who passed 14 (35.9%), 11 (28.2%) and 01 (2.6%) candidates scored pass, credit and distinction marks respectively.

The over-all candidates’ performance in the subject is as shown in table 6.1.1 below:

TABLE 7.1.1

T01 – CANDIDATES’ PERFORMANCE ANALYSIS

Classification of Marks 0-49 50-69 70-79 80-100 TOTAL No. of Candidates (Frequency) 13 14 11 01 39

Percentage 33.3 35.9 28.2 2.6 100

TABLE 7.1.2 T.01.COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

November 2015 November 2016 % decrease No. of candidates passed % No of candidates passed %

42 72.7 26 66.7 6.0

Page 19: EXAMINERS' AND PERFORMANCE REPORT

7

T.02 - ELEMENTS OF BUSINESS MATHEMATICS AND STATISTICS

I: PRINCIPAL LEARNING OUTCOME

The principal learning outcome of this paper is to build basic skills in the collection, processing, presentation and interpretation of simple numerical and statistical knowledge and skills as a tool of learning and understanding related subjects at higher levels.

II: STRUCTURE OF THE PAPER The paper comprised of four questions whereby candidates were required to answer all questions. Question one was an objective and carried 60%.

III: TOPICS EXAMINED AND CANDIDATES’PERFORMANCE Candidates were tested on the following topics:

QUESTION 1: MULTIPLECHOICE – VARIOUS TOPICS

Candidates were required to choose the correct answers from the given alternatives.

Candidates’ performance in this question was satisfactory. Out of 65 candidates who answered the question, 33 (50.8%) candidates passed while the remaining 32 (49.2%) candidates failed. Out of those who passed 27 (41.5%), 02 (3.1%) and 04 (6.2%) candidates scored pass, credit and distinction marks respectively.

Most candidates failed those questions that needed them to compute

before writing the correct answer. QUESTION 2: A. BASIC PROBABILITY THEORY B. MATHEMATICS OF FINANCE C. MATRICES

Candidates were required to:- (a) Find the probability that a resident is selected at random. (b) Mention ways to choose a chairperson, vice-chairperson and a

secretary, assuming that one person cannot hold more than one position.

(c) Solve matrix by determinant rule. (d) Calculate money that should be deposited at the given ended year.

Candidates’ performance in this question was not satisfactory. Out of 65 candidates who answered the question only 18 (27.7%) candidates passed while the remaining 47 (72.3%) candidates failed. Out of those who passed 12 (18.5%), 05 (7.7%) and 01 (1.5%) candidates scored pass, credit and distinction marks respectively Most candidates could not apply Venn diagram or rule of addition to determine say Pr(AUB) for the stated events and fail to apply combination formula.

Page 20: EXAMINERS' AND PERFORMANCE REPORT

8

QUESTION 3: A. METRIC WEIGHTS AND MEASURES B. MATHEMATICS OF FINANCE C. MEASURES OF CENTRAL TENDENCY

Candidates were required to:

(a) Construct a table to show the book value of the stapler machine and depreciation charges for the given years.

(b) Calculate balance at the end of the given year. (c) Find the amount necessary to pay the invoice in full on a given date. (d) Find the correct value of the arithmetic mean of the marks obtained.

Candidates’ performance in this question was not satisfactory. Out of 65 candidates who answered the question only 14 (21.5%) candidates passed while the remaining 51 (78.5%) candidates failed. Out of those who passed 11 (16.9%), 02 (3.1%) and 01 (1.5%) candidates scored pass, credit and distinction marks respectively.

Most candidates were unable to apply reducing balance method, using formula and calculate cost of items after trade and cash discounts.

QUESTION 4: A. CLASSIFICATION AND PRESENTATION OF DATA B. MEASURES OF CENTRAL TENDENCY

Candidates were required to:

(a) Calculate the median of the given frequency distribution. (b) (i) Explain the meaning of the statistical term “bar chart”.

(ii) Name two types of bar charts. (iii) Calculate tax revenue collected by a certain government

department.

(c) Represent information on a bar chart.

Candidates’ performance in this question was not satisfactory. Out of 65 candidates who answered the question only 25 (38.5%) candidates passed while the remaining 40 (61.5%) candidates failed. Out of those who passed 17 (26.2%), 06 (9.2%) and 02 (3.1%) candidates scored pass, credit and distinction marks respectively. Most of the candidates failed to calculate the median and draw bar chart,

instead majority were drawing a histogram.

Page 21: EXAMINERS' AND PERFORMANCE REPORT

9

IV: GENERAL OBSERVATIONS

(a) Assessment of the paper

The panel of examiners in assessing the questions was of the opinion that the question paper was having a mixture of both easy and difficult questions which demanded the skills and knowledge of the candidate. The question paper was fair in terms of marks awarded, time allocated and length of questions, level of candidates and within prescribed syllabus.

Marks distribution was done evenly to each question.

(b) Candidates’ overall performance

Candidates’ performance in this examination paper was not satisfactory. Out of 65 candidates who answered the examination only 20 (30.8%) candidates passed while the remaining 45 (69.2%) candidates failed. Out of those who passed 17 (26.2%) and 03 (4.6%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

The candidates’ over-all performance in the subject is as shown on table

7.1.3 below:

TABLE 7.1.3

T.02 CANDIDATES’ PERFORMANCE ANALYSIS

Classification of Marks

0-49

50-69

70-79

80-100

TOTAL

No of Candidates(Frequency) 45 17 03 00 65

Percentage

69.2 26.2 4.6 0.0 100

TABLE 7.1.4

T.02. COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

November 2015 November 2016 %

increase No. of candidates passed % No. of candidates passed %

12 17.1 20 30.8 13.7

Page 22: EXAMINERS' AND PERFORMANCE REPORT

10

T.03 – INTRODUCTION TO INFORMATION AND COMMUNICATION TECHNOLOGY

I: PRINCIPAL LEARNING OUTCOME The principal learning outcome of the paper is enable candidates to apply knowledge and skills in information technology to solve problems in the business environment.

II: STRUCTURE OF THE PAPER

The paper comprised of three questions whereby candidates were required to answer all questions. Question one was an objective and carried 60%.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

QUESTION 1: VARIOUS TOPICS

Candidates were required to;

(a) Choose the best answer from the four given alternatives (A, B, C or D).

(b) State whether the given statements were true or false. (c) Match each phrase from the two given lists of phrases. Candidates’ performance in this question was not satisfactory. Out of 60 candidates who answered the question only 22 (36.7%) candidates passed while the remaining 38 (63.3%) candidates failed. Out of those who passed 21 (35.0%) and 01 (1.7%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Most candidates relied on guess work.

QUESTION 2: A. HARDWARE B. COMPUTER SOFTWARE C. DATA COMMUNICATION SYSTEMS D. COMMONLY USED APPLICATION PACKAGES

Candidates were required to:-

(a) Define Database Management System (DBMS) and give examples. (b) Mention advantages of using DBMS. (c) List advantages of having a local area network in an organization.

(d) Describe four types of computers based on their size and processing speed.

(e) Describe types of computer software and explain their functions in computer operations.

Candidates’ performance in this question was satisfactory. Out of 60 candidates who answered the question, 53 (88.3%) candidates passed

Page 23: EXAMINERS' AND PERFORMANCE REPORT

11

while the remaining 07 (11.7%) candidates failed. Out of those who passed 12 (20.0%), 07 (11.7%) and 34 (56.6%) candidates scored pass, credit and distinction marks respectively.

Most candidates could not give examples of Data Base Management System (DBMS).

QUESTION 3: A. HARDWARE B. INTERNET AND E-COMMERCE C. COMPUTER SOFTWARE D. COMMONLY USED APPLICATION PACKAGES

Candidates were required to use the provided information to:

(a) Describe four major functions of operating system. (b) Differentiate between the following terms as applied in information

technology: (i) RAM and ROM. (ii) Cold boot and warm boot. (iii) Command Line Interface (CLI) and Graphical User Interface

(GUI). (c) Elaborate four main components of an integrated accounting

system. (d) Discuss two key methods of promoting an E-Commerce site, in

terms of Web Marketing.

Candidates’ performance in this question was not satisfactory. Out of 60 candidates who answered the question only 13 (21.7%) candidates passed while the remaining 47 (78.3%) candidates failed. Out of those who passed 12 (20.0%) and 01 (1.7%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Majority of candidates could not understand RAM, ROM, cold boot, warm boot, command line interface and the graphical user interface. Most of them failed to mention and elaborate key components of an integrated accounting system.

Page 24: EXAMINERS' AND PERFORMANCE REPORT

12

IV: GENERAL OBSERVATIONS

(a) Assessment of the paper

The panel of examiners in assessing the paper were of the opinion that the paper was fair and the questions tested covered a wide range of the syllabus. The mixture of the questions was adequate and the distribution of marks was fair in relation to the time allocated.

(b) Candidates overall performance

Candidates’ performance in this examination paper was satisfactory. Out of 60 candidates who answered the examination, 33 (55.0%) candidates passed while the remaining 27 (45.0%) candidates failed. Out of those who passed 32 (53.3%), 00 (0.0%) and 01 (1.7%) candidates scored pass, credit and distinction marks respectively.

The candidates’ over-all performance in the subject is as shown on table 7.1.5 below:

TABLE 7.1.5

T.03 CANDIDATES’ PERFORMANCE ANALYSIS

Classification of Marks

0-49

50-69

70-79

80-100

TOTAL

No. of Candidates(Frequency) 27 32 00 01 60

Percentage 45.0 53.3 0.0 1.7 100

TABLE 7.1.6

T.03 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

November 2015 November 2016 %

decrease No. of candidates passed % No. of candidates passed %

53 55.2 33 55.0 0.2

Page 25: EXAMINERS' AND PERFORMANCE REPORT

13

T.04 – BUSINESS COMMUNICATION SKILLS

I: PRINCIPAL LEARNING OUTCOME Principal learning outcome of this paper is to enable candidates to master Basic English language skills and be able to use them for communicating effectively in business environment.

II: STRUCTURE OF THE PAPER

This paper consisted of six compulsory questions.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

Candidates were tested on the following topics:

QUESTION 1: A. WRITING SKILLS IN BUSINESS CORRESPONDENCES B. DEMONSTRATE A MASTERY USE OF ENGLISH

LANGUAGE The question was in two parts and candidates were required to:

(a) Read a passage and (i) Suggest the title for the passage.

(ii) Summarize the passage in not more than 150 words. (b) Punctuate the given paragraph.

Candidates’ performance in this question was satisfactory. Out of 50 candidates who answered the question 24 (48.0%) candidates passed while the remaining 26 (52.0%) candidates failed. Out of those who passed 20 (40.0%), 02 (4.0%) and 02 (4.0%) candidates scored pass, credit and distinction marks respectively.

Some candidates were unable to write summary using own words. They used words from the passage. Most of them had poor grammar and poor constructed sentences.

QUESTION 2: DEMONSTRATE A MASTERY USE OF ENGLISH LANGUAGE

Candidates were required to use the given information to:- (a) Re-write the sentences in the correct form. (b) Choose the correct pronoun from the brackets and fill in the blank

space. (c) Change the given sentences into simple past tense. (d) Re-write the sentences according to given instructions.

Candidates’ performance in this question was satisfactory. Out of 50

candidates who answered the question, 26 (52.0%) candidates passed while the remaining 24 (48.0%) candidates failed. Out of those who passed 20 (40.0%) and 06 (12.0%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Page 26: EXAMINERS' AND PERFORMANCE REPORT

14

Most candidates were unable to use subordinating words correctly and/or lack sentence formation knowledge and skills.

QUESTION 3: WRITING SKILLS IN BUSINESS CORRESPONDENCES

Candidates were required to use the given information to:

(a) Define a ‘business letter’. (b) State the style and tone of a business letter. (c) Explain the characteristics of a business letter.

Candidates’ performance in this question was satisfactory. Out of 50 candidates who answered the question, 22 (44.0%) candidates passed while the remaining 28 (56.0%) candidates failed. Out of those who passed 11 (22.0%), 03 (6.0%) and 08 (16.0%) candidates scored pass, credit and distinction marks respectively.

Most candidates listed the characteristics of business letter which usually are the contents of the style of a business letter.

QUESTION 4: A. DEMONSTRATE LISTENING SKILLS

B. DEMONSTRATE A MASTERY USE OF ENGLISH LANGUAGE

C. DEMONSTRATE READING SKILLS

Candidates were required to use the given information to:- (a) Explain the following concepts that are used in business

communication: (i) Decoding

(ii) Sendee (iii) Communication barrier

(b) Distinguish between “intensive reading” and “extensive reading”. (c) Help the seminar members to differentiate between poor and good

listening.

Candidates’ performance in this question was satisfactory. Out of 50 candidates who answered the question, 29 (58.0%) candidates passed while the remaining 21 (42.0%) candidates failed. Out of those who passed 18 (36.0%), 03 (6.0%) and 08 (16.0%) candidates scored pass, credit and distinction marks respectively.

Some candidates were unable to retrieve information learnt, express themselves and failed to understand contents required by the question.

Page 27: EXAMINERS' AND PERFORMANCE REPORT

15

QUESTION 5: A. WRITING SKILLS IN BUSINESS CORRESPONDENCES B. DEMONSTRATE VISUAL AND ORAL COMMUNICATION

SKILLS Candidates were required to use the given information to;

(a) Explain general steps that you will be considered while preparing oral presentation.

(b) Read and re-write the given memo correctly.

Candidates’ performance in this question was not satisfactory. Out of 50 candidates who answered the question only 15 (30.0%) candidates passed while the remaining 35 (70.0%) candidates failed. Out of those who passed 9 (18.0%), 03 (6.0%) and 03 (6.0%) candidates scored pass, credit and distinction marks respectively.

Most candidates were unable to write a memo and its components. With no doubt, poor language skills made most candidates fail to list eight steps of the oral presentation.

QUESTION 6: A. VARIOUS TOPICS – MULTIPLE CHOICES

Candidates were required to: (a) Choose the most correct answer from the given alternatives. (b) Write whether the given statements were true or false.

Candidates’ performance in this question was satisfactory. Out of 50 candidates, 43 (86.0%) candidates passed while the remaining 07 (14.0%) candidates failed. Out of those who passed 26 (52.0%), 12 (24.0%) and 05 (10.0%) candidates scored pass, credit and distinction marks respectively.

No any major weakness was noted. The question had good distribution of items from knowledge testing to the highest order items like synthesis, evaluation and analysis.

Page 28: EXAMINERS' AND PERFORMANCE REPORT

16

IV: GENERAL OBSERVATIONS

(a) Assessment of the paper The panel of examiners found the paper to be fairly set, clear and well spread within the syllabus. They found the questions to be within reach of well-prepared candidates. The questions were also fair in relation to the time allocated.

(b) Candidates’ overall performance Candidates’ performance in this examination paper was satisfactory. Out of 50 candidates who answered the examination, 27 (54.0%) candidates passed while the remaining 23 (46.0%) candidates failed. Out of those who passed 26 (52.0%) and 01 (2.0%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this examination paper.

The candidates’ over-all performance in the subject is as shown on table 7.1.7 below:

TABLE 7.4.1

T.04 CANDIDATES’ PERFORMANCE ANALYSIS

Classification of Marks 0-49 50-69 70-79 80-100 TOTAL

No. of Candidates(Frequency) 23 26 01 00 50

Percentage 46.0 52.0 2.0 0.0 100

TABLE 7.1.8

T.04 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

November 2015 November 2016 % decrease

No. of candidates passed % No. of candidates passed % 41 63.8 27 54.0 9.8

Page 29: EXAMINERS' AND PERFORMANCE REPORT

17

ACCOUNTING TECHNICIAN EXAMINATION LEVEL II

GENERAL PERFORMANCE In this level, 158 candidates sat for the examinations, out of whom 49 (30.0%) passed, 69 (43.7%) candidates passed various subjects in this level while 40 (25.3%) failed the examination. The 49 candidates who passed are eligible for the Board's award of the STATEMENT OF SUCCESS FOR ATEC II. The general performance subject-wise is as shown on table 7.2 below:

TABLE 7.2

ATEC II SUBJECT-WISE PERFORMANCE ANALYSIS

Paper

Code No. Subject Performance

November 2015 May 2016 November 2016 Entries Pass % Entries Pass % Entries Pass %

T.05 Principles of Accounting and Auditing

115

54

46.9

126

50

39.7

123

78

63.4

T.06 Principles of Cost Accounting and Procurement

80

25

31.3

113

48

42.5

111

28

25.2

T.07 Elements of Commercial Knowledge, Management Practices and Taxation

73

53

72.6

92

53

57.6

88

71

80.7

T.08 Accounting for Public Sector and Cooperatives

98

44

44.9

116

54

46.6

104

57

54.8

T.05 - PRINCIPLES OF ACCOUNTING AND AUDITING

I: PRINCIPAL LEARNING OUTCOME The principal learning outcome of this paper is to test candidates on application of basic concepts and principles of accounting in preparing and interpreting accounting statements and reports on a practical context as per IAS 1 and apply audit knowledge in appraising data and assisting audit staff during audit undertakings.

II: STRUCTURE OF THE PAPER

The paper consisted of four compulsory questions. Question one was an objective question which carried 40%.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE In this paper, candidates were tested on the following topics:

Page 30: EXAMINERS' AND PERFORMANCE REPORT

18

QUESTION 1: VARIOUS TOPICS: MULTIPLE CHOICE QUESTION

Candidates were required to choose the most correct answer among the four given alternatives.

Candidates’ performance in this question was satisfactory. Out of 123 candidates who answered the question, 102 (82.9%) candidates passed while the remaining 21 (17.1%) candidates failed. Out of those who passed 63 (51.2%), 19 (15.4%) and 20 (16.2%) candidates scored pass, credit and distinction marks respectively.

QUESTION 2: INTEPRETATON OF FINANCIAL STATEMENTS

(a) Candidates were required to list and describe five ratios which should be assessed when looking at the short term liquidity of a firm.

(b) Candidates were required to calculate the following ratios for each business: (i) Gross profit as percentage of sales (ii) Net profit as percentage of sales (iii) Expenses as percentage of sales (iv) Stock turnover (v) Current ratio (vi) Acid test ratio (vii) Debtor/sales ratio

Candidates’ performance in this question was satisfactory. Out of 123 candidates who answered the question, 80 (65.0%) candidates passed while the remaining 43 (35.0%) candidates failed. Out of those who passed 41 (33.3%), 12 (9.7%) and 27 (21.9%) candidates scored pass, credit and distinction marks respectively

The major weakness noted in this question was that it seemed the stock turnover was not well understood by most of the candidates.

QUESTION 3: STATEMENT OF CASH FLOWS

Candidates were required to use the given information to: (a) Prepare a Statement of cash flows for the year and the note

reconciling profit before tax with cash generated from operations (Using indirect method).

(b) Write a memorandum to a director summarizing the major benefits a user receives from a published statement of cash flows

Candidates’ performance in this question was not satisfactory. Out of 123 candidates who answered the question, only 02 (1.6%) candidates passed while the remaining 121 (98.4%) candidates failed. Those 2(1.6%) who passed scored pass marks, there were neither credit nor distinction marks.

Page 31: EXAMINERS' AND PERFORMANCE REPORT

19

Major weaknesses noted to this question include; failure of most candidates to respond to the requirements of the question, and lack of basic knowledge on cash flows.

QUESTION 4: INTRODUCTION TO AUDITING

Candidates were required to use the given information to:-

(a) (i) Explain the criteria employed by the external auditor to assess the likely effectiveness and relevance of the internal audit functions.

(ii) Outline the differences between the internal and external audit. (b) Explain briefly the benefits of audit planning

Candidates’ performance in this question was satisfactory. Out of 123 candidates who answered the question 92 (74.8%) candidates passed while the remaining 31 (25.2%) candidates failed. Out of those who passed 52 (42.3%), 29 (23.6%) and 11 (8.9%) candidates scored pass, credit and distinction marks respectively

The noted weakness was that candidates who performed poorly in this question failed to provide the difference between internal audit and external audit.

Page 32: EXAMINERS' AND PERFORMANCE REPORT

20

IV: GENERAL OBSERVATIONS

(a) Assessment of the Examination The panel of examiners was of the opinion that the examination was fair, clearly worded and appropriately spread within the syllabus.

(b) Candidates’ overall performance

Candidates’ performance in this examination paper was satisfactory. Out of 123 candidates who answered the examination, 78 (63.4%) candidates passed while the remaining 51(41.4%) candidates failed. Out of those who passed 64 (52.0%) and 14 (11.4%) candidates scored pass and credit marks respectively. There was no distinction mark.

The candidates’ over-all performance in the subject is as shown on table 7.2.2 below:

TABLE 7.2.1

T.05 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS

0-49

50-69

70-79

80-100

TOTAL

NO. OF CANDIDATES (FREQUENCY) 45 64 14 00 123 PERCENTAGE 36.6 52.0 11.4 0.0 100

TABLE 7.2.2

T.05 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS November 2015 November 2016 % increase No. of candidates passed % No. of candidates passed %

54 46.9 78 63.4 16.5

Page 33: EXAMINERS' AND PERFORMANCE REPORT

21

T.06 - PRINCIPLES OF COST ACCOUNTING AND PROCUREMENT

I: PRINCIPAL LEARNING OUTCOME Principal learning outcome for this paper is to test candidates on application of terminologies, methods, techniques and principles of Cost Accounting and Procurement for providing management with information for decision making, planning and controlling business operations.

II: STRUCTURE OF THE PAPER

The paper comprised of four questions. Question one was an objective type which carried 40%.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

In this paper, candidates were tested on the following topics: QUESTION 1: VARIOUS TOPICS: MULTIPLE CHOICES

Candidates were required to: (a) Choose the most correct answers from the given alternative

statements. (b) Write short notes for each of the given concepts. (c) Match the phrases given in column B with items in column A. Candidates’ performance in this question was not satisfactory. Out of 111 candidates who answered the question, Only 25 (22.5%) candidates passed while the remaining 86 (77.5%) candidates failed. Out of those who passed 24 (21.6%), 2 and 01 (0.9%) candidates scored pass and credit marks respectively.

QUESTION 2: NATURE, MEANING, IMPORTANCE AND SCOPE OF COST ACCOUNTING, COST CLASSIFICATION AND CODING

Candidates were required to: (a) Describe four possible users of the cost accounting information. (b) Use the high-low method, estimate the liner relationship. (c) Describe the type of information (financial and non-financial) which

are likely to be useful to the directors in assessing the pros and cons of the relocation proposal.

Candidates’ performance in this question was not satisfactory. Out of 111 candidates who answered the question, only 28 (25.3%) candidates passed while 83 (74.7%) candidates failed. Out of those who passed 25 (22.5%), 02 (1.8%) and 01 (1.0%) candidates scored pass, credit and distinction marks respectively.

Most candidates showed weakness in the high-low method of estimating cost activity linear relationship.

Page 34: EXAMINERS' AND PERFORMANCE REPORT

22

QUESTION 3: ACCOUNTING FOR MATERIALS, LABOUR AND OVERHEAD COSTS

Candidates were required to show the total overheads chargeable to the two production departments by using repeated distribution method.

Candidates’ performance in this question was not satisfactory. Out of 111 candidates who answered the question, only1 (0.9%) candidate passed while the remaining 110 (99%) candidates failed. Only 1 (0.9 %) candidate who passed scored a pass mark. There were neither credit nor distinction marks in this question.

The major weakness noted in this question was that candidates failed to allocate overhead charges to service department.

QUESTION4: INTRODUCTION TO PROCUREMENT

Candidates were required to:-

(a) Explain the term ‘public procurement. (b) Differentiate between ‘value chain’ and ‘supply chain’ (c) Identify and describe five importance of inventory classification.

Candidates’ performance in this question was satisfactory. Out of 111 candidates, 56 (50.5%) candidates passed while the remaining 55 (49.5%) candidates failed. Out of those who passed 34 (30.6%), 15 (13.5%) and 07 (6.3%) candidates scored pass, credit and distinction marks respectively.

Most of candidates who failed the question were very brief in attempting this question, hence gave insufficient required information about the question. This led to scoring low marks.

Page 35: EXAMINERS' AND PERFORMANCE REPORT

23

IV: GENERAL OBSERVATIONS

(a) Assessment of the Examination

The panel of examiners found the examination to be fair, clearly worded and within the prescribed syllabus. The examination questions were well mixed, containing computational as well theoretical questions and could have easily been answered by an average prepared candidate within the allocated time of three hours.

(b) Candidates Overall Performance

Candidates’ performance in this question paper was not satisfactory. Out of 111 candidates who answered the examination, only 28 (25.2%) candidates passed while the remaining 83 (74.8%) candidates failed. No candidate scored credit nor distinction marks in this paper

The candidates’ over-all performance in the subject is as shown on table 7.2.3 below:

TABLE 7.2.3

T.06 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS 0-49

50-69

70-79

80-100

TOTAL

NO. OF CANDIDATES (FREQUENCY)

83 28 00 00 111

PERCENTAGE 74.8 25.2 0.0 0.0 100

TABLE 7.2.4 T.06. COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

NOVEMBER 2015 NOVEMBER 2016 % decrease

No. of candidates passed % No. of candidates passed %

25 31.3 28 25.2 6.1

Page 36: EXAMINERS' AND PERFORMANCE REPORT

24

T.07 - ELEMENTS OF COMMERCIAL KNOWLEDGE, MANAGEMENT PRACTICES AND TAXATION

I: PRINCIPAL LEARNING OUTCOME

Principal learning outcome for this paper is to test candidates’ ability to apply knowledge of commerce, commercial laws, management and taxation in managing business functions.

II: STRUCTURE OF THE PAPER

The paper comprised of four compulsory questions. Question one was an objective type which carried 40%.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

In this paper, candidates were tested on the following topics: QUESTION 1: VARIOUS TOPICS: MULTIPLE CHOICES

Candidates were required to: (a) Choose the most correct answer from the four given alternatives. (b) Match the items in list A with those in list B to produce complete and

meaningful sentences.

Candidates’ performance in this question was satisfactory. Out of 88 candidates who answered the question, 79 (90.0%) candidates passed while the remaining 09 (10%) candidates failed. Out of those who passed 51 (58.0%), 16 (18.0%) and 12 (14.0%) candidates scored pass, credit mark and distinction marks respectively. No major weakness was noted in this question

QUESTION 2: LAW OF NEGOTIABLE INSTRUMENTS

Candidates were required to: (a) State the types of bill of exchange and their main characteristics.

(b) Write brief notes on the following insurance principles:

(i) Principle of indemnity (ii) Principle of good faith (iii) Principle of contribution (iv) Principle of subrogation (v) Principle of insurable interest

Candidates’ performance in this question was satisfactory. Out of 88 candidates who answered the question, 70 (79.5%) candidates passed while the remaining 18 (20.4%) candidates failed. Out of those who passed 41 (46.6%), 17 (19.3%) and 12 (13.6%) candidates scored pass, credit and distinction marks respectively

Page 37: EXAMINERS' AND PERFORMANCE REPORT

25

Majority of candidates failed to distinguish the type of bill of exchange, though they managed to show their main characteristics.

QUESTION 3: ADVERTISEMENT

Candidates were required to: (a) Name and explain five advantages and five disadvantages of

advertisement

(b) Name and explain five procurement methods recognized by law in Tanzania

Candidates’ performance in this question was not satisfactory. Out of 88 candidates who answered the question, only 32 (36.4%) candidates passed while the remaining 56 (63.6%) candidates failed. Out of those who passed 23 (26.1%), 03 (3.4%) and 06 (6.8%) candidates scored pass, credit and distinction marks respectively.

Most of candidates failed to list and explain the advantages, disadvantages of advertisement and procurement methods recognised by law in Tanzania.

QUESTION 4: (i) TAX ADMINISTRATION (ii) OFFICE RECORDS MANAGEMENT

Candidates were required to:

(a) Analyse various sources of non-tax revenue. (b) Provide four examples of tax evasion in Tanzania. (c) Mention the advantages and disadvantages of alphabetical

classification in the office records management.

Candidates’ performance in this question was satisfactory. Out of 88 candidates who answered the question, 59 (67.0%) candidates passed while the remaining 29(33.0%) candidates failed. Out of those who passed 20 (22.7%), 15 (17.0%) and 24 (27.3%) candidates scored pass, credit and distinction marks respectively.

Most of candidates who failed were not conversant in the question concerning tax administration.

Page 38: EXAMINERS' AND PERFORMANCE REPORT

26

IV: GENERAL OBSERVATIONS

(a) Assessment of the Examination The panel of examiners found the examination to be fair in relation to the level of candidate examined, with mixture of easy and difficult questions and could be answered within the allocated time of three hours by an average prepared candidate.

(b) Candidates’ Overall Performance Candidates’ performance in this examination paper was satisfactory. Out of 88 candidates who answered the examination, 71 (80.7%) candidates passed while the remaining 17 (19.3%) candidates failed. Out of those who passed 52 (59.1%) and 19 (21.6%) candidates scored pass and distinction marks respectively.

The candidates’ over-all performance in the subject is as shown on table 7.2.6 below:

TABLE 7.2.6

T.07 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS

0-49

50-69

70-79

80-100

TOTAL

NO. OF CANDIDATES (FREQUENCY) 17 52 19 00 88 PERCENTAGE 19.3 59.1 21.6 0.0 100

TABLE 7.2.7

T.07 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS November 2015 November 2016 % increase

No. of candidates passed % No. of candidates passed %

53 72.6 71 80.7 8.1

Page 39: EXAMINERS' AND PERFORMANCE REPORT

27

T.08 ACCOUNTING FOR PUBLIC SECTOR AND COOPERATIVES

I: PRINCIPAL LEARNING OUTCOME

Principal learning outcome of this paper is to test candidates’ ability to apply public sector and cooperative accounting knowledge and skills to manage government and cooperative funds economically, efficiently and effectively in accordance with the constitution, laws, rules and regulations in one or more specialised fields.

II: STRUCTURE OF THE PAPER The paper comprised of four compulsory questions. Question one was an objective type which carried 40%.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE In this paper, candidates were tested on the following topics: QUESTION 1: VARIOUS TOPICS: MULTIPLECHOICES

Candidates were required to: (a) Choose the most correct answer among the given alternatives. (b) To match the terms in group B with their respective statements in

group A (c) To write whether the given statement is true or false.

Candidates’ performance in this question was satisfactory. Out of 104 candidates who answered the question, 47 (45.2%) candidates passed while 57(54.8%) candidates failed. Out of those who passed 46 (44.2%) and 01 (1.0%) candidates scored pass and credit marks respectively. There were no distinction marks.

Most of candidates were not competent in various topics tested in this question.

QUESTION 2: a) NON-VOTE ACCOUNTS AND PUBLIC STORES b) LOSSES OF GOVERNMENT MONEY AND PROPERTY c) ACCOUNTING FOR GOVERNMENT REVENUE AND EXPENDITURE

(a) Candidates were required to prepare a statement of Vote Account (b) Candidates were required to use the given statement to:

(i) Explain conditions upon which the Accounting Officer may authorize the write off of stores.

(ii) Explain the procedure to be followed by Public Officers in reporting of loss and actions taken by officers on occurrence of loss.

(c) Candidates were required to explain the classification of government revenue.

Page 40: EXAMINERS' AND PERFORMANCE REPORT

28

Candidates’ performance in this question was not satisfactory. Out of 104 candidates who answered the question, only 01 (0.9%) candidate passed while the remaining 103 (99.0%) candidates failed. The major weakness noted in this question was that almost all candidates did not understand the requirements of the question hence confused with the appropriation statement format.

QUESTION 3: a) PRACTICAL ISSUES ON ADOPTION OF IPSAS IN TANZANIA

b) LOCAL GOVERNMENT BUDGETING PROCESS. c) TERMINAL BENEFITS AND PENSION CALCULATIONS. Candidates were required to use the given statement to:

(a) Explain the challenges and the way forward for adoption of accrual based IPSASs in Tanzania.

(b) Explain on the steps followed in local government planning circle and the roles for VEO, WEO and FC.

(c) Use the information provided to work out on the following: (i) Annual Pension (ii) Commuted Pension (iii) Reduced annual pension

Candidates’ performance in this question was not satisfactory. Out of 104 candidates, only 12 (11.5%) candidates passed while the remaining 92 (88.5%) candidates failed. Out of those who passed 07 (6.7%), 03 (2.9%) and 02 (1.9%) scored pass, credit and distinction marks respectively.

The major weakness noted in this question is a failure of most of candidates to recall the formula for computation of annual commuted and reduced pension. Also candidates confused with planning cycle with planning levels.

QUESTION 4: CONCEPTS AND EMERGENCE OF COOPERATIVES

Candidates were required to: (a) Give five advantages of cooperative enterprises. (b) Explain factors contribute to the establishment of cooperative

societies. (c) Explain common features of a cooperative society. (d) Explain factors necessary for success of consumer co-operatives.

Candidates’ performance in this question was not satisfactory. Out of 104 candidates, 39 (37.5%) candidates passed while the remaining 65(62.5%) candidates failed. Out of those who passed 32 (30.8%), 06

Page 41: EXAMINERS' AND PERFORMANCE REPORT

29

(5.8%) and 01 (0.9%) scored pass, credit and distinction marks respectively.

Most of candidates who failed in this question were lacking basic competency and understanding of cooperative societies.

IV: GENERAL OBSERVATIONS

(a) Assessment of the Examination The panel of examiners found the paper to be fairly set, well balanced containing a mixture of computational as well as theoretical questions. It was further found to be within the syllabus and that it could have been done within the time allocated of three hours.

(b) Candidates’ Overall Performance

Candidates’ performance in this examination paper was satisfactory. Out of 104 candidates who answered the examination 57 (54.8%) candidates passed while the remaining 47 (45.2%) candidates failed. Out of those who passed 56 (53.8%) and 01 (1.0) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this paper.

The candidates’ over-all performance in the subject is as shown on table 7.2.8 below:

TABLE 7.2.8

T.08 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS 0-49

50-69

70-79

80-100

TOTAL

NO. OF CANDIDATES (FREQUENCY) 47 56 01 0 104

PERCENTAGE 45.2 53.8 1.0 0 100

TABLE 7.2.9

T.08. COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS November 2015 November 2016 % increase

No. of candidates passed % No. of candidates passed %

44 44.9 57 54.8 9.9

Page 42: EXAMINERS' AND PERFORMANCE REPORT

30

INTRA-LEVELS ANALYSIS OF CANDIDATES’ PERFORMANCE – ATEC I AND ATEC II LEVELS

Under the revised examination scheme and syllabus, the Board does not allow its candidates to attempt both levels. However, it allowed those who were caught in transition from the phased out syllabus to the new syllabus during the transitional period. The analysis below shows performance of the 40 candidates who sat examination papers in the ATEC I and II Levels. Their performance is as indicated hereunder:

S/No. COMBINATION ATEC I & II Number Percent

1 Pass Both 2 05.0 2 Pass ATEC I, Partial Pass ATEC II 5 12.5 3 Pass ATEC I, Fail ATEC II 1 02.5 4 Partial Pass ATEC I, Pass ATEC II 0 00.0 5 Partial Pass Both 3 07.5 6 Partial Pass ATEC I, Fail ATEC II 1 02.5 7 Fail ATEC I, Pass ATEC II 11 27.5 8 Fail ATEC I, Partial Pass ATEC II 9 22.5 9 Fail Both 8 20.0

Total 40 100.0

Page 43: EXAMINERS' AND PERFORMANCE REPORT

31

PROFESSIONAL LEVEL EXAMINATIONS FOUNDATION LEVEL EXAMINATIONS This is the first level of the Board’s three tier professional examination scheme which leads to the Certified Public Accountant [CPA (T)] award. The Foundation level examinations comprise of five subjects as indicated hereunder:

A1 Quantitative Techniques A2 Business and Management A3 Accounting A4 Business Information A5 Business Laws The examinations draw candidates from two main sources, namely:- (a) Those candidates who have successfully completed the Board’s Accounting

Technician Level examinations. (b) Those candidates who have acquired non-accounting first degree (or its equivalent)

qualifications awarded by institutions of higher learning in the country recognized by the Board.

During the November 2016 examination session, a total of 364 candidates sat for Foundation Level examinations. The figure indicated above includes 128 candidates who sat for both Foundation and Intermediate level examinations, whose performance analysis is shown at the end of Intermediate Level Report. GENERAL OBSERVATIONS In this examination 405 candidates sat for the examination out of whom 209 (51.6%) passed and therefore become eligible for the STATEMENT OF SUCCESS for the Foundation Level. 152 (37.5%) have passed some of the subjects while 45 (11,1%) candidates failed the examination. The general performance subject-wise is as shown on Table 7.3 below:

TABLE 7.3

SUBJECT-WISE PERFORMANCE ANALYSIS Paper Code No.

Subject

Performance November 2015 May 2016 November 2016

Entries Pass % Entries Pass % Entries Pass % A1 Quantitative

Techniques 151 76 50.3 182 128 70.3 168 123 73.2

A2 Business and Management

135 107 79.3 160 150 93.8 150 141 94.0

A3 Accounting 206 112 54.4 303 221 72.9 301 221 73.4 A4 Business Information 246 163 66.2 321 254 79.1 288 171 59.4 A5 Business Law 155 103 66.5 180 127 70.6 168 140 83.3

Page 44: EXAMINERS' AND PERFORMANCE REPORT

32

QUESTION -WISE PERFORMANCE ANALYSIS A1 – QUANTITATIVE TECHNIQUES I: PRINCIPAL LEARNING OUTCOME

Principal learning outcome of this paper is to examine candidates’ ability to apply knowledge and skills of mathematical and quantitative techniques, concepts and tools in the day to day accounting and business functions and decision making.

II: STRUCTURE OF THE QUESTION PAPER

The paper consisted of three compulsory questions. Question one was an objective question which carried 60%.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE In this examination session, candidates were tested on the following topics:

QUESTION 1: VARIOUS TOPICS: MULTIPLE CHOICE

For each of the statements provided candidates were required to use the given four alternatives to choose the most correct answer:-

Candidates’ performance in this question was satisfactory. Out of 168 candidates who answered the question, 128 (76.2%) candidates passed while the remaining 40 (23.8%) candidates failed. Out of those who passed 103 (61.3%), 16 (9.5%) and 9 (5.4%) candidates scored pass, credit and distinction marks respectively There were no major weakness noted in this question. However there were guess work among the candidates.

QUESTION 2: INVENTORY PLANNING AND CONTROL, QUEUING MODELS AND SIMULATION

The candidates were required to use the data provided to: (a) Simulate the demand for the given period and to find out the

average demand per day. (b) Use the given statement to determine the:-

(i) Average number of customers in the queue (ii) Average time in the queue (iii) Probability that an arriving customer has to wait for the

service.

(c) Use the given case to determine:- (i) The quantity that must be ordered routinely in order to

minimize total cost. (ii) The minimum total inventory cost.

Candidates’ performance in this question was not satisfactory. Out of 168 candidates who answered the question only 53 (31.5%) candidates passed while the remaining 115 (68.5%) candidates failed. Out of those

Page 45: EXAMINERS' AND PERFORMANCE REPORT

33

who passed 33 (19.6%), 18 (10.7%) and 2 (1.2%) candidates scored pass, credit and distinction marks respectively. Majority of the candidates who failed could not apply simulation techniques and appropriate EOQ models and others could not manage to apply appropriate formulas for computing operating characteristics for using line models.

QUESTION 3: I. CALCULUS AND THEORY OF THE FIRM,

II. LINEAR REGRESSION AND CORRELATION ANALYSIS AND RANDOM VARIABLE,

III. PROBABILITY DISTRIBUTION AND ELEMENTS OF DECISION ANALYSIS

(a) From the given data, candidates were required to:

(i) Calculate the equation of the least squares regression line of the given variables in the form of y = a + bx.

(ii) Plot the data on a scatter diagram. (b) Candidates were again given equations of the price and cost of

production for a particular commodity, and they were required to determine. (i) Marginal cost at the given level of production (ii) Marginal revenue at the given level of sales (iii) Marginal cost at that given level of revenue.

(c) From a given probability distribution function of the given

variable, candidates were required to:- (i) Show that it is a probability distribution function. (ii) Find mean.

Candidates’ performance in this question was satisfactory. Out of 168 candidates who answered the question, 75 (44.6%) candidates passed while the remaining 93 (55.4%) candidates failed. Out of those who passed 38 (22.6%), 31 (18.5%) and 6 (3.6%) candidates scored pass, credit and distinction marks respectively

Despite of the fact that the question was clear and within the scope of the candidates’ level, majority plotted a line graph instead of scatter diagram, some could not interpret the given cost function where others failed to find mean.

Page 46: EXAMINERS' AND PERFORMANCE REPORT

34

IV: GENERAL OBSERVATIONS

(a) Assessment of the Paper The panel of examiners found the paper to be fairly set, well balanced with a good mixture of theoretical and computational questions. Time allocated to the questions was adequate to enable an average candidate to fully complete the examination.

(b) Candidates’ performance

Candidates’ performance in this examination paper was satisfactory. Out of 168 candidates who answered the examination, 123 (73.2%) candidates passed while the remaining 45 (26.8%) candidates failed. Out of those who passed 88 (52.4%) and 35 (20.8%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this examination paper.

The candidates’ overall performance in the subject is as shown on Table 7.3.1 below:

TABLE 7.3.1

A1 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS 0-39 40-59 60-79 80-100 TOTAL

NO. OF CANDIDATES (FREQUENCY) 45 88 35 00 168 PERCENTAGE 26.8 52.4 20.8 00 100

TABLE 7.3.2

A.1 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS November 2015 November 2016 % increase

No. of candidates passed % No. of candidates passed %

76 50.3 123 73.2 22.9

Page 47: EXAMINERS' AND PERFORMANCE REPORT

35

A2 – BUSINESS AND MANAGEMENT

I: PRINCIPAL LEARNING OUTCOME Principal learning outcome of this subject is to test candidates’ ability to apply concepts and principles of business and management in business environment.

II: STRUCTURE OF THE PAPER The paper consisted of three questions which were compulsory. Question one was an objective question which comprised of 60%.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

In this examination session, candidates were tested on the following topics: QUESTION 1: VARIOUS TOPICS:

For each of the statements provided candidates were required to use the given four alternatives to choose the most correct answer. Candidates’ performance in this question was satisfactory. Out of 150 candidates who answered the question, 119 (79.3%) candidates passed while the remaining 31 (20.7%) candidates failed. Out of those who passed 97 (64.7%), 15 (10.0%) and 7 (4.6%) candidates scored pass, credit and distinction marks respectively

Although the performance was satisfactory, some candidates did not know the answers they were simply guessing.

QUESTION 2: BUSINESS AND ORGANISATION CULTURE

Candidates were required to:

(a) (i) Define the concept of organizational culture. (ii) Critically examine the significance of organizational

culture to a manager’s performance in a firm.

(b) (i) Explain four attributes of a healthy organizational culture. (ii) Explain how the Administrative Manager ensures his/her

department serves the organization as a purely support function for smooth day to day operations.

Candidates’ performance in this question was satisfactory. Out of 150

candidates who answered the question, 115 (76.7%) candidates passed while the remaining 35 (23.3%) candidates failed. Out of those who passed 55 (36.7%), 47 (31.3%) and 13 (8.7%) candidates scored pass, credit and distinction marks respectively

No major weakness was found in this question.

Page 48: EXAMINERS' AND PERFORMANCE REPORT

36

QUESTION 3: TYPES OF BUSINESS ENTITIES; ORGANISATIONAL STRUCTURES; ORGANISATIONAL BEHAVIOUR

Candidates were required to:-

(a) List and explain five disadvantages of partnership form of organization.

(b) Identify and explain three disadvantages of matrix structure. (c) Discuss four factors affecting organizational behaviour. (d) Discuss how they would manage the factors which affect

organizational behaviour that are identified in (c) above.

Candidates’ performance in this question was not satisfactory. Out of 150 candidates who answered the question, 29 (19.3%) candidates scored pass marks while the remaining 121 (80.7%) candidates failed. There was neither credit nor distinction marks in this questions.

Bad performance in this question was earmarked from the fact that candidates were not well prepared for the examined topic.

Page 49: EXAMINERS' AND PERFORMANCE REPORT

37

IV: GENERAL OBSERVATIONS (a) Assessment of the Paper

The panel of examiners found the paper to be fairly set and well spread within the syllabus which resulted to the candidates’ good performance.

(b) Candidates’ overall performance Candidates’ performance in this examination paper was satisfactory. Out of 150 candidates who answered the examination, 141 (94%) candidates passed while the remaining 9 (6%) candidates failed. Out of those who passed 111 (74%) and 30 (20%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this examination paper.

Candidates’ over-all performance in the subject is as shown on Table 7.3.3 below:

TABLE 7.3.3

A2 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS 0-39 40-59 60-79

80-100 TOTAL

NO. OF CANDIDATES (FREQUENCY)

09 111 30 00 150

PERCENTAGE 6 74 20 00 100

TABLE 7.3.4 A2 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

November 2015 November 2016 % increase

No. of candidates passed % No. of candidates passed %

107 79.3 141 94 14.7

Page 50: EXAMINERS' AND PERFORMANCE REPORT

38

A3 – ACCOUNTING I: PRINCIPAL LEARNING OUTCOME

Principal learning outcome off this paper is to examine candidates’ ability to apply knowledge and skills in recording financial transactions and preparing financial statements for an entity including not for profit entities in accordance with the IFRSs and IPSASs,

II: STRUCTURE OF THE PAPER The paper comprised four compulsory questions. Question one was an objective question which carried 40%.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE The A3 – Accounting subject this session tested candidates on the following topics:

QUESTION 1: VARIOUS TOPICS: MULTIPLE CHOICES

For each of the statements provided candidates were required to use the given four alternatives to choose the most correct answer: - Candidates’ performance in this question was satisfactory. Out of 301 candidates who answered the question, 222 (73.8%) candidates passed while the remaining 79 (26.2%) candidates failed. Out of those who passed 83 (27.6%), 118 (39.2%) and 21 (7.0%) candidates scored pass, credit and distinction marks respectively

Despite of the good performance in this question, some candidates appeared to be unfamiliar with accounting treatment of some items. This is an indication that they did not grasp well the knowledge in class before doing the examinations.

QUESTION 2: PREPARATION OF FINANCIAL STATEMENTS FOR NOT FOR PROFIT ENTITIES

From the given information of a not for profit entity, candidates were required to:- (a) Calculate profit on café operations and profit on sale of sports

equipment. (b) Prepare statement of subscription income for the given period. (c) Prepare statement of Income and Expenditure for the year ended (d) Prepare Statement of Financial Position as at the year end.

Candidates’ performance in this question was not satisfactory. Out of 301 candidates who answered the question, 05 (1.7%) candidates scored pass marks while the remaining 296 (98.3%) candidates failed. There was neither credit nor distinction marks in this questions.

Page 51: EXAMINERS' AND PERFORMANCE REPORT

39

Bad performance in this question suggests that candidates were not well prepared in tackling questions related to this topic.

QUESTION 3: PREPARATION OF FINANCIAL STATEMENTS IN ACCORDANCE WITH INTERNATIONAL FINANCIAL REPORTING STANDARDS

From the given information candidates were required to prepare:

(a) Statement of profit or loss for the year ended. (b) Statement of Financial Position as at the end of the year.

Candidates’ performance in this question was satisfactory. Out of 301 candidates who answered the question, 228 (75.7%) candidates passed while the remaining 73 (24.3%) candidates failed. Out of those who passed 103 (34.2%), 106 (35.2%) and 19 (6.3%) candidates scored pass, credit and distinction marks respectively

Some candidates failed to calculate year end debtors and tax liability balances others treated bank overdraft as current assets instead of current liability.

QUESTION 4: ADJUSTMENTS TO ACCOUNT BALANCES AND

FINANCIAL STATEMENT

Candidates were required: (a) Differentiate between ‘error of omission’ and ‘error of

commission. (b) From the errors detected as a result of trial balance disagreement,

candidates were required to: (i) To show journal entries to correct those errors. (ii) Prepare a statement to show correction of the profit figure.

Candidates’ performance in this question was satisfactory. Out of 301 candidates who answered the question, 228 (75.75%) candidates passed while the remaining 73 (24.25%) candidates failed. Out of those who passed 103 (34.2%), 106 (35.2%) and 19 (6.3%) candidates scored pass, credit and distinction marks respectively

Majority of the candidates did well in this question to the extent that no major weakness was found.

Page 52: EXAMINERS' AND PERFORMANCE REPORT

40

IV: GENERAL OBSERVATIONS

(a) Assessment of the Paper The panel of examiners found the paper to be fair with adequate coverage of the syllabus. The panel also observed that candidates could manage to complete the examination within the allocated time.

(b) Candidates’ Performance

Candidates’ performance in this examination paper was satisfactory. Out of 301 candidates who answered the examination, 221 (73.4%) candidates passed while the remaining 80 (26.6%) candidates failed. Out of those who passed 149 (49.5%), 68 (22.6%) and 04 (1.3%) candidates scored pass, credit and distinction marks respectively.

The candidates’ overall performance in the subject is as shown on Table 8.1.5 below:

TABLE 7.3.5

A3 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS

0-39 40-59 60-79 80-100 TOTAL

NO. OF CANDIDATES (FREQUENCY)

80 149 68 4 301

PERCENTAGE 26.6 49.5 22.6 1.3 100

TABLE 7.3.6

A3 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

November 2015 November 2016 % increase

No. of candidates passed % No. of candidates passed %

112 54.4 221 73.4 19

Page 53: EXAMINERS' AND PERFORMANCE REPORT

41

A4 – BUSINESS INFORMATION

I: PRINCIPAL LEARNING OUTCOME Principal learning outcome of this paper is to examine candidates’ ability to apply knowledge of cost analysis and awareness of information technology to produce accurate and useful information to support management in decision-making and its application in performance management.

II: STRUCTURE OF THE QUESTION PAPER

The paper comprised four compulsory questions. Question one was an objective question which carried 40%.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

In this examination session, candidates were examined on the following topics:

QUESTION 1: VARIOUS TOPICS: MULTIPLE CHOICE

For each of the statements provided candidates were required to use the given four alternatives to choose the most correct answer:-

Candidates’ performance in this question was not satisfactory. Out of 288 candidates who answered the question, only 116 (40.3%) candidates passed while the remaining 172 (59.7%) candidates failed. Out of those who passed 89 (30.9%) and 27 (9.4%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

No common weakness was observed.

QUESTION 2: DECISION-MAKING

Candidates were required to: (a)Calculate payback period (b) Calculate the Net Present Value of the proposed investment and

comment on the results

Candidates’ performance in this question was satisfactory. Out of 288 who answered the question 192 (66.7%) candidates passed, while the remaining 96 (33.3%) candidates failed. Out of those who passed 86 (29.9%), 73 (25.3%) and 33 (11.5%) candidates scored pass, credit and distinction marks respectively

Most candidates failed to understand the requirement “ignore taxation and capital allowances”. Consequently, they included depreciation charges and/or fixed cost in the analysis.

Page 54: EXAMINERS' AND PERFORMANCE REPORT

42

QUESTION 3: FORECASTING AND BUDGETING

(a) Candidates were required to prepare and present profit statements using:- (i) Conventional absorption costing. (ii) Activity based costing.

(b) Comment on why activity based costing is considered to present a fair valuation of the product cost per unit.

Candidates’ performance in this examination paper was not satisfactory. Out of 288 candidates who answered the question only, 66 (23.0%) candidates passed while the remaining 222 (77.0%) candidates failed. Out of those who passed 42 (15.0%), 13(4.5%) and 11 (3.5%) candidates scored pass, credit and distinction marks respectively Candidates demonstrated poor computation skills

QUESTION 4: COSTING

Candidates were required to use the given information and data to:- (a) Calculate the expected output for each of the product at the split off

point (b) Explain what products should be processed further (c) Calculate the treatment of joint costs in deciding products to process

further Candidates’ performance in this question was not satisfactory. Out of 288 candidates who answered the question only, 12 (4.2%) candidates passed while the remaining 276 (95.8%) candidates failed. Out of those who passed 11 (3.8%) and 1 (0.4%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Candidates demonstrated poor computation skills.

Page 55: EXAMINERS' AND PERFORMANCE REPORT

43

VI: GENERAL OBSERVATIONS

(a) Assessment of the paper The panel of examiners found the examination to be fair, well balanced containing both easy and moderate questions which were relevant to the candidates’ level and was well within the prescribed syllabus. It was examiners view that more comprehensive questions with knowledge based and case study be provided.

(b) Overall Candidates performance

Candidates’ performance in this examination paper was satisfactory. Out of 288 candidates who answered the examination, 171 (59.4%) candidates passed while the remaining 117 (40.6%) candidates failed. Out of those who passed 141 (49.0%) and 30 (10.4%) candidates scored pass and credit marks respectively.

The candidates’ overall performance in the subject is as shown on table 7.3.8 Below.

TABLE 7.8.8.

A4 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS 0-39 40-59 60-79 80-100 TOTAL

NO. OF CANDIDATES (FREQUENCY) 117 141 30 00 288

PERCENTAGE 40.6 49.0 10.4 0.0 100

TABLE 7.3.9

A4 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

NOVEMBER 2015 November 2016 % decrease

No. of candidates passed % No. of candidates passed %

163 66.2 171 59.4 6.8

Page 56: EXAMINERS' AND PERFORMANCE REPORT

44

A5 – BUSINESS LAWS

I: PRINCIPAL LEARNING OUTCOME Principal learning outcome of this paper is to examine candidates’ ability to apply theories, practices and laws governing business in providing accounting services and protecting business against unnecessary litigations.

II: STRUCTURE OF THE QUESTION PAPER: The paper comprised seven questions. Candidates were required to answer five Questions.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

In this examination session, candidates were examined on the following topics: QUESTION 1: SOURCE OF LAW AND LEGAL SYSTEM

Candidates were required to use the given statement to:

(a) State and explain ‘private law’. Provide any two examples (b) Briefly state and explain the following:-

(i) Residence Magistrate Court (ii) Primary Court

(c) (i) identify the people who are legally entitled to initiate proceedings in the case given (ii) Identify the culprit in the case to be implicated (iii) Show the nature of remedy likely to be given (iv) Explain the appropriate branches of law to be used in each of

the identified case.

Candidates’ performance in this question was satisfactory. Out of 155 candidates who answered the question 98 (63.2%) candidates passed while the remaining 57 (36.8%) candidates failed. Out of those who passed 42 (27.1%), 53 (34.2%) and 03 (1.9%) candidates scored pass, credit and distinction marks respectively.

No major common weakness was observed. QUESTION 2: NEGOTIABLE INSTRUMENTS

Candidates were required to explain:- (a) Meaning and features of ‘Negotiable Instruments’

(b) The laws regulating negotiable instruments

Candidates’ performance in this question was not satisfactory. Out of 113 candidates who answered the question only 43 (38.1%) candidates passed while the remaining 70 (61.9%) candidates failed. Out of those who passed 27 (23.9%), 14 (12.4%) and 2 (1.8%) candidates scored pass, credit and distinction marks respectively.

A number of candidates failed to answer part “B” of the question.

Page 57: EXAMINERS' AND PERFORMANCE REPORT

45

QUESTION 3: TORTS AND PRODUCT LIABILITY

Candidates were required to write brief notes on the following:

(a) Duty of care (b) Professional negligence (c) Vicarious liability (d) Tortuous liability

Candidates’ performance in this question was satisfactory. Out of 120 candidates who answered the question, 91 (75.8%) candidates passed while the remaining 29 (24.2%) candidates failed. Out of those who passed 23 (19.2%), 26 (21.6%) and 42 (35.0%) candidates scored pass, credit and distinction marks respectively.

Explaining what professional negligence was seemed to be difficulty to most candidates.

QUESTION 4: LABOUR DISPUTE RESOLUTIONS

In the context of the law relating to employment and labour relations, candidates were required to:-

(a) Explain the meaning of a ‘strike’ (b) Mention and explain the conditions to be fulfilled before

employees can engage in lawful strike. (c) Mention and explain the institutions responsible for labour

disputes resolutions in Tanzania.

Candidates’ performance in this question was satisfactory. Out of 100 candidates who answered this question 80 (80.0%) candidates passed while the remaining 20 (20.0%) candidates failed. Out of those who passed 26 (26.0%), 32 (32.0%) and 22 (22.0%) candidates scored pass, credit and distinction marks respectively.

Some candidates failed to mention the institutions that deals with employment disputes

QUESTION 5: COMPANY LAW AND INSOLVENCY

(a) In the context of the law relating to companies in Tanzania candidates were required to:

(i) Define a “liquidator” (ii) Mention and explain at least four powers of a liquidator in

winding up of a company by court (b) Use the given information to decide whether the charge created

over the book debts of the company given is a fixed charge or a floating charge

Page 58: EXAMINERS' AND PERFORMANCE REPORT

46

Candidates’ performance in this question was satisfactory. Out of 129 candidates who answered the question, 106 (82.2%) candidates passed while the remaining 23 (27.8%) candidates failed. Out of those who passed 67 (51.9%), 05 (3.9%) and 34 (26.4%) candidates scored pass, credit and distinction marks respectively Some candidates failed to distinguish between fixed charge and floating charge.

QUESTION 6: COMPANY LAW AND INSOLVENCY

(a) Use the given information advise on the following situations from the given scenario.

(i) The consequences for John and Hemed of continuing to trade through the company in its present state

(ii) The suitability of company voluntary arrangement or administration and the steps to be taken

(iii) The last-minute possibility of a winding up, preferably without the involvement of the court. Explain procedure

(iv) Explain to the given persons what steps the the given bank could take

(v) Explain the steps that unsecured creditors can take

(b) Define “debenture” (c) Explain what would be the consequences of a breach of duty by a

creditor

Candidates’ performance in this question was satisfactory. Out of 72 candidates who answered the question, 41 (56.9%) candidates passed while the remaining 31 (43.1%) candidates failed. Out of those who passed 24 (33.3%), 11 (15.3%) and 06 (8.3%) candidates scored pass, credit and distinction marks respectively Some candidates failed to raise and defend the issues accordingly

Page 59: EXAMINERS' AND PERFORMANCE REPORT

47

QUESTION 7: COMPANIES AND OTHER FORMS OF BUSINESS ORGANISATIONS

(a) With reference to the Law of Contract Act, Cap 345 candidates were required to:

(i) Mention and explain the general duties of partners (ii) Mention and explain any three (3) circumstances in which acts

of a partner would not bind the firm and the other partners

(b) With reasons to show whether the given partner in the case had any liability to repay the TZS 3,000,000/- to the other given partner.

Candidates’ performance in this question was satisfactory. Out of 152 candidates who answered the question 134 (88.2%) candidates passed while the remaining 18 (11.8%) candidates failed. Out of those who passed 13 (8.6%), 61 (40.1%) and 60 (39.5%) candidates scored pass, credit and distinction marks respectively No major common weakness was noted.

Page 60: EXAMINERS' AND PERFORMANCE REPORT

48

IV: GENERAL OBSERVATIONS

(a) Assessment of the paper The panel of examiners found the examination to be fair, well balanced containing both easy and moderate questions which were relevant to the candidates’ level and was well within the prescribed syllabus. It was examiners view that trainer should make efforts of making sure that during training, candidates are emphasised to make relevant citations from relevant authorities.

(b) Overall Candidates performance

Candidates’ performance in this examination paper was satisfactory. Out of 168 candidates who answered the examination, 140 (83.3%) candidates passed while the remaining 28 (16.7%) candidates failed. Out of those who passed 67 (39.9%), 66 (39.3%) and 07 (4.2%) candidates scored pass, credit and distinction marks.

The candidates’ overall performance in the subject is as shown in table 7.3.10 Below:

TABLE 7.3.10

A5 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS 0-39 40-59 60-79 80-100 TOTAL

NO. OF CANDIDATES (FREQUENCY)

28 67 66 07 168

PERCENTAGE 16.7 39.9 39.3 4.2 100

TABLE 7.3.11 A5. COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

November 2015 November 2016 % increase

No. of candidates

passed

% No. of candidates passed %

103 66.5 140 83.3 16.8

Page 61: EXAMINERS' AND PERFORMANCE REPORT

49

INTERMEDIATE LEVEL EXAMINATIONS The Intermediate level examinations are the second level of the Board’s professional examinations under the current examination scheme and syllabus. This examination level consists of six subjects as shown hereunder:-

B1 Financial Management B2 Financial Accounting B3 Auditing Principles and Practices B4 Public Finance and Taxation I B5 Performance Management B6 Management, Governance and Ethics Under this examination scheme and syllabus, a candidate is required to complete Foundation Level before moving to Intermediate Level. However, candidates who were caught in the transition from the phased out syllabus to the current syllabus were allowed to cross the levels. During the November 2016 examination session, a total of 3,522 candidates sat for Intermediate Level examinations. The figure indicated above includes 1,267 candidate who sat for both Intermediate and Final level examinations, whose performance analysis is shown at the end of these levels’ report. GENERAL OBSERVATIONS The examination draws candidates from the following sources:

(a) Candidates who have been referred previously in the respective corresponding subjects.

(b) Candidates who have majored in accounting in their bachelor degree programmes from

recognized institutions.

Page 62: EXAMINERS' AND PERFORMANCE REPORT

50

GENERAL PERFORMANCE In this session 3,522 candidates sat for the Intermediate Level Examinations out of whom 647 (18.4%) have passed this level and therefore become eligible for the STATEMENT OF SUCCESS, 1,240 (35.2%) have passed some of the subjects while 1,635 (46.4%) candidates have failed the examination. The general performance subject-wise is as shown on Table 7.4 below:

TABLE 7.4.1

INTERMEDIATE LEVEL SUBJECT-WISE PERFORMANCE ANALYSIS

Paper Code No.

Subject

Performance May 2015 November 2015 November 2016

Entries Pass % Entries Pass % Entries Pass %

B1 Financial Management 754 205 27.2 1077 253 23.5 1279 416 32.5 B2 Financial Accounting 745 318 42.7 941 352 37.4 1172 386 32.9 B3 Auditing Principles and

Practices 662 355 53.6 948 665 69.1 1106 500 45.2

B4 Public Finance & Taxation I

701 556 79.3 879 246 28.0 1180 556 47.1

B5 Performance Management 2,567 754 29.4 2,371 537 22.6 2518 816 32.4 B6 Management, Governance

& Ethics 560 526 93.9 794 730 91.9 914 649 71.0

Page 63: EXAMINERS' AND PERFORMANCE REPORT

51

B1 FINANCIAL MANAGEMENT

I: PRINCIPAL LEARNING OUTCOME

Principal learning outcome of this examination paper is to test candidates’ ability to apply financial management knowledge and skills in valuing various assets as well as businesses, in evaluating investment opportunities, in forecasting and planning financial needs of a firm, in deciding on the level of debt financing to use relative to equity capital, in determining the level of working capital to carry in a business and in deciding on the share of the earnings after tax between retained earnings and shareholders.

II: STRUCTURE OF THE PAPER

The paper had two sections A and B, with seven questions carrying 20 marks each. Candidates were required to answer question one in section A and any other four out of six questions in Section B.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

The following topics were tested in this paper:- QUESTION 1: INVESTMENT DECISION: FINANCING DECISIONS Candidates were required to use the given information of a given

company to:

(a) Examine both models and recommend to given company which of the two models they should go ahead with

(b) (i) Explain how the Capital Asset Pricing Model can be used to calculate a project-specific discount rate. (ii)Discuss the limitations of using the Capital Asset Pricing Model in investment appraisal.

(c) Explain why it is important to know the cost of capital.

Candidates’ performance in this question was not satisfactory. Out of 1279 candidates who answered the question only 570 (44.6%) candidates passed while the remaining 704 (55.4%) candidates failed. Out of those who passed 413 (32.3%), 137 (10.7%) and 20 (1.6%) candidates scored pass, credit and distinction marks respectively Most candidates demonstrated poor computational skills and they explained meaning of the cost of capital instead of its importance

Page 64: EXAMINERS' AND PERFORMANCE REPORT

52

QUESTION 2: INVESTMENT DECISION IN SECURITIES AND PORTIFOLIO THEORY

(a) Candidates were required to use the given information related to a company which produces and sells detergent products to:- (i) Briefly discuss its significance to a financial manager.

(ii) Explain the differences between the semi-strong form and the

strong form of market efficiency and how each can be tested. (b) (i) For each stock calculate the expected returns and total risk

(variance and standard deviation).

(ii) Calculate the covariance of the returns of the two stocks. (iii) Use the given scenario to compute the expected returns and

risk of each portfolio and explain the risk-return characteristic of each portfolio

Candidates’ performance in this question was not satisfactory. Out of

1023 candidates who answered the question only 119 (11.6%) candidates passed while the remaining 904 (88.4%) candidates failed. Out of those who passed 95 (9.3%) and 24 (2.3%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Most candidates failed to calculate risk and return on projects

QUESTION 3: WORKING CAPITAL MANAGEMENT; COMPLEX INVESTMENT APPRAISAL

Candidates were required to use the provided information to compute

and state whether:

(a) Should the discount policy be implemented? Justify with computations and interpreted the answer.

(b) Use the given information related to company’s by :- (i) Using the Miller-Orr Model, determine the optimal cash

balance, the upper and lower limit of cash needed and average cash balance (Assume a year has 360 days).

(ii) Briefly explain what the firm will do when each of the limits is reached and/or breached.

(c) Discuss the key factors which determine the level of investment in current assets.

Candidates’ performance in this question was not satisfactory. Out of 852 candidates who answered the question only 60 (7.0%) candidates passed while the remaining 792 (93.0%) candidates failed. Out of those who passed 51 (5.9%), 09 (1.0%) and 01 (0.1%) candidates scored pass, credit and distinction marks respectively

Page 65: EXAMINERS' AND PERFORMANCE REPORT

53

Most candidates failed to use Miller- Orr Model to determine effect of the discount policy

QUESTION 4: DIVIDEND POLICY

Candidates were required to use the given company’s information to draw conclusion using MM theory and other related dividends theories:

(a) According to Modigliani and Miller (M & M) theory, dividend

policy is irrelevant in a world of frictionless capital market. How did Miller and Modigliani arrive to this conclusion?

(b) Discuss, using appropriate theories, any three determinants of dividend policy and decisions in real world.

(c) With supporting computations, explain how given company value will be affected. (i) If it does not pay any dividend (ii) If it pays the TZS.15 dividend

Candidates’ performance in this question was not satisfactory. Out of 906 candidates who answered the question only 350 (38.6%) candidates passed while the remaining 556 (61.4%) candidates failed. Out of those who passed 261 (28.8%), 79 (8.7%) and 10 (1.1%) candidates scored pass, credit and distinction marks respectively Most candidates failed to provide arguments in favour of M&M Dividends Theory and its effect to business valuation using appropriate computations

QUESTION 5: INVESTMENT DECISIONS

Candidates were required to use the given company’s information to:

(a) Calculate and comment on the sensitivity of the investment in the new machine to a change in the following variables: (i) Sales revenue (ii) Sales volume (iii) Variable costs (iv) Fixed costs (v) Economic life

(b) Use the given information of the concerning company to:

(i) Discuss the nature and causes of capital rationing in the context of

investment appraisal.

(ii) Explain how this problem can be overcome in reaching an optimum investment decision for a company.

Page 66: EXAMINERS' AND PERFORMANCE REPORT

54

Candidates’ performance in this question was not satisfactory. Out of 1080 candidates, only 123(11.4%) candidates passed while the remaining 957 (88.6%) candidates failed. Out of those who passed 91(08.4%), 30 (02.8%) and 02(0.2%) candidates scored pass, credit and distinction marks respectively

Most of candidate failed to compute and interpreted the sensitivity of

investment due to change in stated variables QUESTION 6: FINANCING DECISIONS;

Candidates were required to use the given information to:

(a) Evaluate whether given company should use leasing or borrowing as a source of finance, explaining the evaluation method used in the calculations

(b) Critically discuss the reasons behind the differences in the yields to

maturity of the two bonds

Candidates’ performance in this question was not satisfactory. Out of 701 candidates who answered the question only 63 (9.0%) candidates passed while the remaining 638 (91.0%) candidates failed. Out of those who passed 59 (8.4%), 01 (0.2%) and 03 (0.4%) candidates scored pass, credit and distinction marks respectively

Most Candidates failed to compute present value of both cost of leasing and cost of borrowing

QUESTION 7: WORKING CAPITAL MANAGEMENT; INVESTMENT

DECISION Candidates were required to use the given information to state:

(a) If the current bad debt loss is 1 percent of sales and the required rate of return in investment is 20 percent, which credit policy should be undertaken? Ignore taxation, and assume a year with 360 days.

(b) Critically evaluate the internal rate of return as a capital investment appraisal technique.

Candidates’ performance in this examination paper was not satisfactory. Out of 475 candidates who answered the question only 05 (1.1%) candidates scored pass marks while the remaining 470 (98.9%) candidates failed. There were neither credit nor distinction marks in this questions. Most candidates failed to compute relevant cash flows that are pertinent in making decision to accept or reject the proposed credit policy and they failed to make critical analysis of IRR as an investment appraisal technique.

Page 67: EXAMINERS' AND PERFORMANCE REPORT

55

IV: GENERAL OBSERVATIONS (a) Assessment of the Paper

The panel of examiners found the paper to be quite adequate in terms of the questions examined and time allocated for each question. The panel of markers also found the paper to be well balanced, covering almost eighty percent of the topics in the syllabus. The paper had a good mixture of theoretical and computational questions.

(b) Candidates’ overall performance

Candidates’ performance in this examination paper was not satisfactory. Out of 1279 candidates, only 416 (32.5%) candidates passed while the remaining 863 (67.5%) candidates failed. Out of those who passed 396 (31.0%) and 20 (1.5%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this paper.

The candidates’ over-all performance in the subject is as shown on table 7.4.2 below:

TABLE 7.4.2

B1 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS

00-39

40-59

60-79

80-100

TOTAL

NO. OF CANDIDATES (FREQUENCY)

863 396 20 00 1279

PERCENTAGE 67.5 31 1.5 0.0 100

TABLE 7.4.3 B1 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

November 2015 November 2016 % increase

No. of candidates passed % No. of candidates passed %

253 23.5 416 32.5 9.0

Page 68: EXAMINERS' AND PERFORMANCE REPORT

56

B2 FINANCIAL ACCOUNTING I: PRINCIPAL LEARNING OUTCOME

Principal learning outcome of this examination paper is to test candidates’ ability to apply knowledge and skills in preparation of financial statements for a separate entity and a group in accordance with the IFRSs and IPSASs and analyse financial statements to examine the suitability of the business entity.

II: STRUCTURE OF THE PAPER The paper had two sections A and B, with seven questions carrying 20 marks each. Candidates were required to answer question one in section A and any other four out of six questions in Section B.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE The following topics were tested in this paper:-

QUESTION 1: PREPARING CONSOLIDATED FINANCIAL STATEMENTS

Candidates were required to use the given draft statements of financial positions for the given period and statement of profit and loss for the given period for two entities to prepare:

(a) Consolidated statement of profit or loss for the company for the given year.

(b) Consolidated statement of financial position for given company as at the given period

Candidates’ performance in this question was not satisfactory. Out of 1172 candidates who answered this question only 107 (9.1%) candidates passed while the remaining 1065 (90.9%) candidates failed. Out of those who passed 21 (1.8%), 12 (1.0%) and 74 (6.3%) candidates scored pass, credit and distinction marks respectively

Most candidates failed to prepare consolidated financial statements QUESTION 2: PREPARING SINGLE ENTRY AND SINGLE COMPANY

FINANCIAL STATEMENTS

Candidates were required to use the given draft statements of financial positions for the given period and statement of profit and loss for the given period to prepare the Statement of Cash Flows for given company for the given year end in accordance with IAS 7.

Candidates’ performance in this question was not satisfactory. Out of 1000 candidates who answered the question only 204 (20.4%) candidates passed while the remaining 796 (79.6%) candidates failed. Out of those who passed 168(16.8%), 32 (3.2%) and 04 (0.4%) candidates scored pass, credit and distinction marks respectively

Most of candidates failed to prepare the Statement of Cash Flows as per IAS 7.

Page 69: EXAMINERS' AND PERFORMANCE REPORT

57

QUESTION 3: ACCOUNTING AND REPORTING CONCEPTS, FRAMEWORKS AND PRACTICES IAS 2: INVENTORIES

Candidates were required to use the given information define and provide accounting treatments for different provided to company scenarios relating to IAS 2.

(a) IAS 2: Inventories requires inventories of raw materials and finished goods to be valued in financial statements at the lower of cost and net realizable value.

(b) (i) Explain the rationale of the “lower of cost and net realizable value”principle. (ii) Describe three methods of arriving at cost of inventories

which are acceptable under IAS 2 and explain how they are regarded as acceptable.

(c) Candidates were required to use the given information under FIFO inventory valuation method to compute the value of the inventory as at given year-end by using weighted average cost method.

Candidates’ performance in this question was not satisfactory. Out of 738 candidates who answered the question 218 (29.5%) candidates passed while the remaining 520 (70.5%) candidates failed. Out of those who passed 118 (16.0%), 68 (9.2%) and 32 (4.3%) candidates scored pass, credit and distinction marks respectively

Most candidates failed to identify appropriate treatments of proper adjustments towards preparation of financial statements

QUESTION 4: PREPARING SINGLE ENTRY AND SINGLE COMPANY

FINANCIAL STATEMENTS

Candidates were required to use the given information to prepare the disclosures under IAS 16 in relation to non-current assets in the notes to the published accounts for the given year end.

Candidates’ performance in this question was not satisfactory. Out of 570 candidates who answered the question, 42 (7.4%) candidates passed while the remaining 528 (92.6%) candidates failed. Out of those who passed 37 (6.5%) and 05 (0.9%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question

Most candidates failed to show clearly movement of non-current assets as required in IAS 16.

Page 70: EXAMINERS' AND PERFORMANCE REPORT

58

QUESTION 5: FINANCIAL STATEMENTS ANALYSIS AND EVALUATION

Candidates were required to use the given information concerning the given draft statements of financial positions for the given period and statement of profit and loss for the given period to compute and provide interpretation on each financial ratios

(a) Compute the following ratios for each company (use 365 days a

year): (i) Current ratio (ii) Acid Test ratio (iii) Inventory Turnover period (iv) Receivable collection period (v) Return on capital employed

(b) Explain, with reasons, which one of these companies is first

specified character given company and which one is second specified character of a given company.

Candidates’ performance in this question was satisfactory. Out of 1134 candidates who answered the question, 696 (61.4%) candidates passed while the remaining 438 (38.6%) candidates failed. Out of those who passed 400 (35.3%), 238 (21.0%) and 58 (5.1%) candidates scored pass, credit and distinction marks respectively

No major weakness was observed

QUESTION 6: ACCOUNTING AND REPORTING CONCEPTS, FRAMEWORKS AND PRACTICES IAS 10: EVENTS AFTER THE REPORTING PERIOD (a) Candidates were required to use the given information to define and

provide accounting treatments for different provided company scenarios In relation to IAS 10: Events after the Reporting Period

(i) Explain the term ‘Events after the Reporting Period’, defining clearly the Period within which IAS 10 requires events to occur in order to be considered as such.

(ii) Distinguish clearly between “adjusting” and “non-adjusting” events, and explain the accounting treatment and disclosers required in each case. .

(b) Explain the accounting treatment and/or disclosures required as a result of the event after the reporting date for the provided scenarios.

Candidates’ performance in this question was satisfactory. Out of 927candidates who answered the question, 569(61.4%) candidates passed while the remaining 358(38.6%) candidates failed. Out of those who passed 194 (20.9%), 286 (30.9 %) and 89(9.6%) candidates scored pass, credit and distinction marks respectively

Page 71: EXAMINERS' AND PERFORMANCE REPORT

59

Some candidates seemed to fail to adhere to the requirements of the question and they were not aware with the tested accounting standard IAS 10: Events after the Reporting Period.

QUESTION 7: ACCOUNTING CONCEPTS, FRAMEWORKS AND PRACTICES IAS 37 PROVISION, CONTINGENT LIABILITIES AND CONTINGENT ASSETS

Candidates were required to use the given information define to and provide accounting treatments for different provided company scenarios In relation to IAS 37 Provision, Contingent Liabilities and Contingent Assets to:

(a) Define a provision and discuss in details the three conditions that

must be satisfied in order for a provision to be recognized under IAS 37.

(b) Discuss briefly how each of the above transactions and events should be recorded/reported as per IAS 37. Show journal entries where relevant, and state the reason (s) for the proposed treatment.

Candidates’ performance in this question was not satisfactory. Out of 334 candidates who answered the question, 97 (29.0%) candidates passed while the remaining 237 (71.0%) candidates failed. Out of those who passed 52 (15.6%), 31 (9.3 %) and 14 (4.1%) candidates scored pass, credit and distinction marks respectively

Most candidates seemed to fail to adhere to the requirements of the question and they are not aware with the tested accounting standard IAS 37 Provision, Contingent Liabilities and Contingent Assets.

Page 72: EXAMINERS' AND PERFORMANCE REPORT

60

IV: GENERAL OBSERVATIONS

(a) Assessment of the Paper

The panel of examiners found the paper to be quite adequate in terms of the questions examined and time allocated for each question. The panel of markers also found the paper to be well balanced, covering over seventy five percent of the topics in the syllabus. The paper had a good mixture of theoretical and computational questions.

(b) Candidates’ overall performance

Candidates’ performance in this examination paper was not satisfactory. Out of 1172 candidates who answered the examination only 386 (32.9%) candidates passed while the remaining 786 (67.1%) candidates failed. Out of those who passed 347 (29.6%), 37 (3.2%) and 02 (0.1%) candidates scored pass, credit and distinction marks respectively The candidates’ over-all performance in the subject is as shown on table 7.4.4 below:

TABLE 7.4.4

B2 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS 00-39

40-59

60-79

80-100

TOTAL

NO. OF CANDIDATES (FREQUENCY)

786 347 37 02 1172

PERCENTAGE 67.1 29.6 3.2 0.1 100

TABLE 7.4.5

B2 COMPARISON OF PASS RATE WITH NOVEMBER 2015

EXAMINATIONS November 2015 November 2016 % decrease

No. of candidates passed % No. of candidates passed %

352 37.4 386 32.9 4.5

Page 73: EXAMINERS' AND PERFORMANCE REPORT

61

B3 AUDITING PRINCIPLES AND PRACTICE

I: PRINCIPAL LEARNING OUTCOME Principal learning outcome of this examination paper is to test candidates’ ability to apply auditing principles and standards in executing external audit assignments (carrying out audit procedures) and coming up with appropriate reports, as well as implementing entity’s internal control policies in carrying out internal audits.

II: STRUCTURE OF THE PAPER The paper had two sections A and B, with seven questions carrying 20 marks each. Candidates were required to answer question one in section A and any other four out of six questions in Section B.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

The following topics were tested in this paper:- QUESTION 1: OBJECTIVES, PROCESS AND NEED OF EXTERNAL AUDIT

AND ASSURANCE; INTERNAL AUDIT OF ENTITIES

Candidates were required to use the given information regarding to objectives of review junior audit work by senior auditor and address ethical issues raised during audit process for given audit firm and her client as stipulated in the provided scenarios:-

(a) Identify given Senior Auditor objectives in respect of the review of given Junior Auditor work as requested by the audit partner.

(b) Identify any issues that you would expect given Junior Auditor to have addressed as part of the audit work on trade receivables.

(c) Explain the effect of the amount owed by given company on the audit report on the financial statements of given company for the given year ended

(d) (i) Identify any ethical issues arising in respect of the audit of given company. (ii) Explain the actions that given Senior Auditor should take. (iii)Explain any actions or matters to be considered by her firm.

Candidates’ performance in this question was not satisfactory. Out of 1106 candidates who answered the question, 28 (2.5%) candidates passed while the remaining 1078 (97.5%) candidates failed. Out of those who passed 24(2.2%) and 04 (0.3%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Most of candidates’ failed to state objectives of audit work review, failed to identify specific issues to be addressed during trade receivable auditing and they failed to connect the ethical threat within the case study in steady they mention threats in general.

Page 74: EXAMINERS' AND PERFORMANCE REPORT

62

QUESTION 2: PUBLIC SECTOR EXTERNAL AUDITING

Candidates were required to use the given information to:

(a) Explain the purpose of a Value for Money audit (VFM-audit), stressing its usefulness in the public sector.

(b) Use the given information regarding to operating environment of public hospital to address issues relating to VFM Audit as stipulated in the scenarios to :- (i) Identify and explain any four strengths within given public

hospital operating environment. (ii) For each strength identified in part (i) above, describe how the

company might make further improvements to provide the best value for money.

(iii) Describe substantive procedures which the external auditor of the company should adopt to verify each of the following assertions in relation to the hospital’s property, plant and equipment:

a) Valuation; b) Completeness; c) Rights and obligations

Candidates’ performance in this question was satisfactory. Out of 757 candidates who answered the question, 548 (72.4%) candidates passed while the remaining 209 (27.6%) candidates failed. Out of those who passed 246 (32.5%), 238 (31.4%) and 64 (8.5%) candidates scored pass, credit and distinction marks respectively

No major weakness was observed. QUESTION 3: THE NATURE OF AUDIT EVIDENCE AND THE SELECTION

OF SUFFICIENT APPROPRIATE EVIDENCE

(a) Candidates were required to use the given information relating to how to analyse the risks associated with the client during audit planning by: (i) Explaining the meaning and providing examples of the

terms ‘sampling risk’ and ‘non-sampling’ risk.

(ii) Briefly explaining how sampling and non-sampling risk can be controlled by an audit firm.

(b) Briefly explain each of the sample selection methods suggested by

the audit manager, audit senior and audit junior, and discuss whether or not they are appropriate for obtaining a representative sample of sales invoices.

Page 75: EXAMINERS' AND PERFORMANCE REPORT

63

Candidates’ performance in this question was not satisfactory. Out of 372 candidates who answered the question, 110 (29.6%) candidates passed while the remaining 262 (70.4%) candidates failed. Out of those who passed 71 (19.1%), 33 (8.9%) and 06 (1.6%) candidates scored pass, credit and distinction marks respectively Most candidates failed to even define the sampling risk and non-sampling risk terms and failed to link the given scenarios with the appropriate auditing standard requirements

QUESTION 4: PROFESSIONAL ETHICS: PUBLIC INTEREST FUNDAMENTAL

OBJECTIVES, THREAT AND SAFEGUARDS TO INDEPENDENCE

Candidates were required to use the given scenario of fundamental principles of ethics as based upon the code of ethics published by the International Ethics Standards Board for Accountants (IESBA) of the International Federation of Accountants (IFAC) and stipulated in the NBAA code of ethics to:

(a) Illustrate the fundamental principles of ethics, as stipulated in the NBAA code of ethics which is based upon the code of ethics published by the International Ethics Standard Board for Accountants (IESBA) of the International Federation of Accountants (IFAC).Use the given information concerning about a company which has specialised in the audit of retailers to explain the safeguards that a firm should implement to ensure that this conflict of interest is properly managed

(b) Use the given information in respect of each of the four professional ethics threat situations, (i) to (iv) outlined, and identify any ethical issues involved and assess whether or not there has been a violation of ethical conduct. (Support the answers by making reference to the relevant professional standards).

Candidates’ performance in this question was satisfactory. Out of 968 candidates who answered the question, 458 (47.3%) candidates passed while the remaining 510 (52.7%) candidates failed. Out of those who passed 422 (43.6%) and 36 (3.7%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Most of the candidates failed to relate case study with the code of ethics

and threats thereon.

Page 76: EXAMINERS' AND PERFORMANCE REPORT

64

QUESTION 5: BASICS OF ASSURANCE REPORTS

(a) Candidates were required to use the given auditor’s opinion paragraph to:-

(i) Identify the errors and deficiencies in the auditor opinion paragraph drafted by given junior auditor.

(ii) Explain the audit process stage that precedes the audit reporting stage and follows the financial statements testing stage.

(b) List any six (6) basic elements of an auditor’s report and explain why each element is included in the report.

Candidates’ performance in this question satisfactory. Out of 932 candidates who answered the question only 674(72.3%) candidates passed while the remaining 258(27.7%) candidates failed. Out of those who passed 523 (56.1%), 148 (15.9%) and 03 (0.3%) candidates scored pass, credit and distinction marks respectively.

No major weakness was observed. QUESTION 6: THE NATURE OF AUDIT EVIDENCE AND THE SELECTION

OF SUFFICIENT APPROPRIATE EVIDENCE

(a) Candidates were required to use the given information to related to ISA 505: External confirmations to obtain audit evidence in relation to accounts receivables from a given company to:- (i) Explain the differences between a positive and a negative

confirmation. (ii) Explain advantages and disadvantages of positive confirmations.

(b) Describe principal risks associated with financial statement

assertions relating to receivables. (c) Describe procedures that you should perform as an auditor to obtain

understanding of the entity and its environment including its internal controls.

Candidates’ performance in this question was not satisfactory. Out of 783 candidates who answered the question 282 (36.0%) candidates passed while the remaining 501 (64.0%) candidates failed. Out of those who passed 229 (29.2%), 51 (06.5%) and 02 (0.3%) candidates scored pass, credit and distinction marks respectively.

Most candidates failed to clearly distinguish positive and negative confirmations; differentiate risk associate with receivable assertions and financial risk and they are not adequately aware with procedure and requirements’ of ISA 315

Page 77: EXAMINERS' AND PERFORMANCE REPORT

65

QUESTION 7: THE NATURE AND USE OF INTERNAL CONTROLS;

Candidates were required to use a risk analysis approach, to assess the quality of a client’s control environment and internal control system in order to determine the level of detailed testing required and also to target that testing to the high risk areas that have been identified then to:.

(a) Describe different categories of control procedures. (b) Explain limitations of controls in an organization. Candidates’ performance in this question was satisfactory. Out of 619 candidates who answered the question 287 (46.4%) candidates passed while the remaining 332 (53.6%) candidates failed. Out of those who passed 109 (17.6%), 121 (19.5%) and 57 (9.3%) candidates scored pass, credit and distinction marks respectively

Some candidates failed to describe categories of internal control instead they explain control environment

Page 78: EXAMINERS' AND PERFORMANCE REPORT

66

IV: GENERAL OBSERVATIONS

(a) Assessment of the Paper The panel of examiners found the paper to be quite adequate in terms of the questions examined and time allocated for each question. The panel of markers also found the paper to be well balanced, covering almost eight five percent of the syllabus. The paper had a good mixture of questions.

Candidates’ overall performance Candidates’ performance in this examination paper was satisfactory. Out of 1106 candidates who answered the examination only 500 (45.2%) candidates scored pass marks while the remaining 606 (54.8%) candidates failed. There were neither credit nor distinction marks in this paper.

The candidates’ over-all performance in the subject is as shown on table 7.4.6 below:

TABLE 7.4.6

B3 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS

00-39

40-59

60-79

80-100

TOTAL

NO. OF CANDIDATES (FREQUENCY)

606 500 00 00 1106

PERCENTAGE 54.8 45.2 00 00 100

TABLE 7.4.7

B3 COMPARISON OF PASS RATE WITH NOVEMBER 2015

EXAMINATIONS

November 2015 November 2016 % decrease

No. of candidates passed

% No. of candidates passed

%

665 69.1 500 45.2 23.9

Page 79: EXAMINERS' AND PERFORMANCE REPORT

67

B4 PUBLIC FINANCE AND TAXATION I I: PRINCIPAL LEARNING OUTCOME

Principal learning outcome of this examination paper is to test candidates’ ability to apply knowledge of public finance, tax laws and principles in the computation of tax liabilities, preparation and filing of tax returns; and in administering compliance with the tax laws; both in the public sector and in the private sector.

II: STRUCTURE OF THE PAPER

The paper had two sections A and B, with seven questions carrying 20 marks each. Candidates were required to answer question one in section A and any other four out of six questions in Section B

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

The following topics were tested in this paper: - QUESTION 1: TAXATION: DETERMINATION OF TOTAL INCOME

Candidates were required to: -

(a) Explain if there is a possibility for an employee to have more than one employer

(b) Use the given information to calculate: - (i) Total taxable income. (ii) Total tax paid.

Candidates’ performance in this examination paper was satisfactory. Out of 1180 candidates who answered the examination, 726 (61.5%) candidates passed while the remaining 454 (38.5%) candidates failed. Out of those who passed 652 (55.3%) and 74 (6.2%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this examination paper.

Most candidates failed to distinguish between primary and secondary employment.

QUESTION 2: TAXATION: INCLUSIONS, EXCLUSIONS AND DEDUCTIONS

IN CALCULATING TAXABLE INCOME. Candidates were required to:

(a) Define the term ‘depreciable assets’ (b) Clearly provide conditions to be fulfilled by a person before being

granted depreciation allowance. (c) Calculate depreciation allowance.

Candidates’ performance in this question was not satisfactory. Out of 402 candidates who answered the question only 31 (7.7%) candidates passed while the remaining 371 (92.3%) candidates failed. Out of those

Page 80: EXAMINERS' AND PERFORMANCE REPORT

68

who passed 27 (6.7%), 02 (0.5%) and 02 (0.5%) candidates scored pass, credit and distinction marks respectively

Most candidates were unable to identify lease, and do not have a good understanding of depreciation of assets as they compared to business assets.

QUESTION 3: VAT AND OTHER INDIRECT TAXES

Candidates were required to use the given information to:

(a) Discuss the relevance of the given principle. (b) Determine the deductible input tax. Candidates’ performance in this question was not satisfactory. Out of 827 candidates who answered the question only 59 (7.1%) candidates passed while the remaining 768 (92.9%) candidates failed. Out of those who passed 54 (6.5%) and 05 (0.6%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Most candidates demonstrated poor understanding of the methods for computing deductible input tax as required.

QUESTION 4: CUSTOMS AND EXCISE DUTY.

From the given information candidates were required to:- (a) Explain customs procedures. (b) Explain the distinctions and similarities between ‘identical goods’

and ‘similar goods’. (c) Discuss about the deductive value method for customs valuation.

Candidates’ performance in this question was not satisfactory. Out of 803 candidates who answered the question only 27 (3.4%) candidates passed while the remaining 776 (96.6%) candidates failed. Out of those who passed 25 (3.1%) and 02 (0.3%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Candidates showed poor understanding of the topic that had been examined.

QUESTION 5: INCOME TAX LAW

Candidates were required to use the given information to: -

(a) Determine the tax liability. (b) (i) Distinguish between ‘non-resident’ versus ‘not-resident’ for tax

Purposes. (ii) Determine the residential status from the given case. (iii) Discuss the implication of the given provision.

Page 81: EXAMINERS' AND PERFORMANCE REPORT

69

Candidates’ performance in this question was not satisfactory. Out of 837 candidates who answered the question only 160 (19.1%) candidates passed while the remaining 677 (80.9%) candidates failed. Out of those who passed 131 (15.7%), 26 (3.0%) and 03 (0.4%) candidates scored pass, credit and distinction marks respectively

Most candidates failed to distinguish between ‘non-resident’ versus ‘not-resident’ for tax purposes.

QUESTION 6: PUBLIC FINANCE

Candidates were required to use the given information to: -

(a) Explain the role of public finance in the development of an economy.

(b) Identify tools that can be used by a government to achieve efficient public expenditure management.

Candidates’ performance in this question was fairly satisfactory. Out of 1,099 candidates who answered the question only 445 (40.5%) candidates passed while the remaining 654 (59.5%) candidates failed. Out of those who passed 210 (19.1%), 119 (10.8%) and 116 (10.6%) candidates scored pass, credit and distinction marks respectively.

Most candidates failed to identify tools that can be used by a government to achieve efficient public expenditure management.

QUESTION 7: INCLUSIONS, EXCLUSIONS AND DEDUCTIONS IN

CALCULATING TAXABLE INCOME.

Candidates were required to use the given information to compute: -

(a) Depreciation allowance. (b) Investment income. (c) Total income. (d) Tax payable.

Candidates’ performance in this question was not satisfactory. Out of 758 candidates who answered the question only 287 (37.9%) candidates passed while the remaining 471 (62.1%) candidates failed. Out of those who passed 266 (35.1%) and 21 (2.8%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question. Those who failed were unable to indicate correct depreciable rates in the respective depreciable classes.

Page 82: EXAMINERS' AND PERFORMANCE REPORT

70

IV: GENERAL OBSERVATIONS

(a) Assessment of the Paper The panel of examiners found the paper to be quite adequate in terms of the questions examined and time allocated for each question. The panel of markers also found the paper to be well balanced with excellent spread of the topics in the syllabus. The paper had a good mixture of theoretical and computational questions.

(b) Candidates’ overall performance

Candidates’ performance in this examination paper was not satisfactory. Out of 1,180 candidates who answered the examination only 556 (47.1%) candidates passed while the remaining 624 (52.9%) candidates failed. Out of those who passed 538 (45.6%) and 18 (1.5%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this paper. The candidates’ over-all performance in the subject is as shown on table 7.4.8 below:

TABLE 7.4.8

B4 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS

00-39

40-59

60-79

80-100

TOTAL

NO. OF CANDIDATES (FREQUENCY)

624 538 18 0 1,180

PERCENTAGE 52.9 45.6 1.5 0.0 100%

TABLE 7.4.9 B4 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

November 2015 November 2016 % increase

No. of candidates passed % No. of candidates passed %

246 28.0 556 47.1 19.1

Page 83: EXAMINERS' AND PERFORMANCE REPORT

71

B5 PERFORMANCE MANAGEMENT

I: PRINCIPAL LEARNING OUTCOME Principal learning outcome of this examination paper is to test candidates’ ability to apply knowledge and skills of financial and non-financial data analysis in providing information and decision support to management for decision-making, performance evaluation, and control.

II: STRUCTURE OF THE PAPER The paper had two sections A and B, with seven questions carrying 20 marks each. Candidates were required to answer question one in section A and any other four out of six questions in Section B

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

The following topics were tested in this paper: - QUESTION 1: VARIANCE ANALYSIS

Candidates were required to use the given information to: -

(a) Calculate the selling price operational variance and the selling price planning variance.

(b) Calculate the total sales mix variance and the total sales quantity variance.

(c) Briefly discuss the performance of the business.

Candidates’ performance in this question was not satisfactory. Out of 2,518 candidates who answered the question only 186 (7.4%) candidates passed while the remaining 2,332 (92.6%) candidates failed. Out of those who passed 82 (3.3%), 77 (3.0%) and 27 (1.1%) candidates scored pass, credit and distinction marks respectively

Most candidates failed to compute sales variances as well as sales mix and quantity variances.

QUESTION 2: COST ACCOUNTING TECHNIQUES

Candidates were required to use the given information to: -

(a) Describe the target costing process. (b) Explain the benefits of adopting a target costing. (c) Outline steps that should be taken to reduce cost gape. (d) Calculate cost per unit and identify cost gap.

Candidates’ performance in this question was not satisfactory. Out of 1,676 candidates who answered the question only 812 (48.4%) candidates passed while the remaining 864 (51.6%) candidates failed. Out of those who passed 519 (31.0%), 242 (14.4%) and 51 (3.0%) candidates scored pass, credit and distinction marks respectively.

Page 84: EXAMINERS' AND PERFORMANCE REPORT

72

Most candidates failed to calculate cost per unit under target costing. This indicates that most of them did not adequately cover the topic.

QUESTION 3: DECISIONS-MAKING TECHNIQUES

Candidates were required to use the given information to: - (a) Make decisions to eliminate or retain loss making products. (b) Find minimum number of products to breakeven.

Candidates’ performance in this question was not satisfactory. Out of 918 candidates who answered the question only 94 (10.2%) candidates passed while the remaining 824 (89.8%) candidates failed. Out of those who passed 13 (1.4%), 70 (7.6%) and 11 (1.2%) candidates scored pass, credit and distinction marks respectively.

Most candidates failed to separate total costs into its elements. Others failed to use relevant information to make decisions.

QUESTION 4: PERFOMANCE MEASUREMENT AND CONTROL

Candidates were required to use the given information to: -

(a) Explain perspectives of the Balance Scorecard (BSC) model. (b) Identify the goals with a corresponding performance measure and

the reason of choosing goals and measures in relation to the given case.

Candidates’ performance in this question was satisfactory. Out of 1,613 candidates who answered the question, 810 (50.2%) candidates passed while the remaining 803 (49.8%) candidates failed. Out of those who passed 444 (27.5%), 299 (18.5%) and 67 (4.2%) candidates scored pass, credit and distinction marks respectively

Most candidates failed to develop goals and measurement tools for the balance scorecard perspectives to given case study.

QUESTION 5: DECISIONS-MAKING TECHNIQUES

Candidates were required to use the given information to:-

(a) Compute the Break-even point in units. (b) Compute the Break-even point in units. (c) Compute the expected operating profit when new machine is

leased and compare it with the old machine. Assuming the total sales remain constant.

(d) Advise the company on whether the new machine should be leased or not.

(e) Advise the company on any decisions that can potentially benefit from employing CVP analysis.

Page 85: EXAMINERS' AND PERFORMANCE REPORT

73

Candidates’ performance in this question was satisfactory. Out of 2,378 candidates who answered the question, 1,324 (55.7%) candidates passed while the remaining 1,054 (44.3%) candidates failed. Out of those who passed 1,001 (42.1%), 318 (13.4%) and 05 (0.2%) candidates scored pass, credit and distinction marks respectively

Most candidates who failed were unable to provide different decisions. They discussed CVP assumptions instead of identify the specific decisions which can be made by employing CVP analysis.

QUESTION 6: PERFOMANCE MEASUREMENT AND CONTROL

Candidates were required to use the given information about a company which produce and sale different food products to: -

(a) Using, residual income approach, compare the performance of the two managers.

(b) Using Economic Value Added, compare the performance of the two managers.

(c) Advise the management on which one among residual income and economic value added is more appropriate to use in evaluating the departmental performance.

Candidates’ performance in this question was not satisfactory. Out of 1096 candidates who answered the question only 69 (06.3%) candidates passed while the remaining 1027 (93.7%) candidates failed. Out of those who passed 66 (06.0%) and 03 (0.3%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Most candidates failed because they were not prepared themselves enough for the topic.

QUESTION 7: COST ACCONTING TECHNIQUES

(a) Candidates were required to use the given information to list and

discuss levels of cost hierarchy. (b) Candidates were required to use the given information about a

company which produces and sells four different products to: - (i) Calculate the machine-hour rate. (ii) Calculate the total cost per unit. (iii)Calculate the cost per unit using an ABC approach. (iv) Explain the strength of ABC approach.

Candidates’ performance in this question was satisfactory. Out of 2,250 candidates who answered the question, 1247 (55.4%) candidates passed while the remaining 1003 (44.6%) candidates failed. Out of those who passed 723 (32.1%), 513 (22.8%) and 11 (0.5%) candidates scored pass, credit and distinction marks respectively. Most candidates provide cost classification and not cost hierarchy as required.

Page 86: EXAMINERS' AND PERFORMANCE REPORT

74

IV: GENERAL OBSERVATIONS

(a) Assessment of the Paper The panel of examiners found the paper to be quite adequate in terms of the questions examined and time allocated for each question. The panel of markers also found the paper to be well balanced. The paper had a good mixture of theoretical and computational questions.

(b) Candidates’ overall performance

Candidates’ performance in this examination paper was not satisfactory. Out of 2518 candidates who answered the examination only 816 (32.4%) candidates passed while the remaining 1,702 (67.6%) candidates failed. Out of those who passed 768 (30.5%) and 48 (01.9%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this paper.

The candidates’ over-all performance in the subject is as shown on table 7.4.10 below:

TABLE 7.4.10

B5 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS 00-39 40-59 60-79 80-100 TOTAL NO. OF CANDIDATES (FREQUENCY)

1,702 768 48 00 2,518

PERCENTAGE 67.6 30.5 1.9 00 100

TABLE 7.4.11 B5 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

November 2015 November 2016 % increase

No. of candidates passed % No. of candidates passed % 537 22.6 816 32.4 9.8

Page 87: EXAMINERS' AND PERFORMANCE REPORT

75

B6 MANAGEMENT, GOVERNANCE AND ETHICS

I: PRINCIPAL LEARNING OUTCOME Principal learning outcome of this examination paper is to test candidates’ ability to apply principles of strategic management, good governance and business ethics management and administrative functions of an organisation.

II: STRUCTURE OF THE PAPER The paper had two sections A and B, with seven questions carrying 20 marks each. Candidates were required to answer question one in Section A and any other four out of six questions in Section B.

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

The following topics were tested in this paper:- QUESTION 1: STRATEGIC MANAGEMENT

(a) Candidates where required to use given information to examine the ethical positions that a company may adopt while selecting a strategy.

(b) Candidates were required to discuss about shifting of Modern corporate governance from the “managed corporation paradigm” to the governed corporation paradigm”

(c) From the given statement, candidates were required to discuss leadership competencies that seem pivotal in initiating and developing CSR programmes.

(d) Candidates were required to explain whether there is any relationship between teleological ethics and the profit making objective of the business, in the context of a business.

Candidates’ performance in this question was not satisfactory. Out of 914 candidates who answered the question only 357 (39.0%) candidates passed while the remaining 557 (61.0%) candidates failed. Out of those who passed 289 (31.6%), 67 (7.3%) and 01 (0.1%) candidates scored pass, credit and distinction marks respectively.

No major weakness was noted in this question, those who failed were not able to discuss and to explain the given cases as required.

QUESTION 2: STRATEGIC MANAGEMENT AND CORPORATE

GOVERNANCE

Candidates where required to use the given information to: (a) Identify examples of barriers to enter into a business. (b) Explain about two main traditional approaches to the study of

corporate governance. (c) Mention two characteristics of organizational culture and show

how they influence the ethical behaviour of an individual employee in an organization.

Page 88: EXAMINERS' AND PERFORMANCE REPORT

76

Candidates’ performance in this question was satisfactory. Out of 774 candidates who answered the question, 579 (74.8%) candidates passed while the remaining 195 (25.2%) candidates failed. Out of those who passed 238 (30.7), 335 (43.3%) and 06 (0.8%) candidates scored pass, credit and distinction marks respectively.

No major weakness was noted in this question. QUESTION 3: RISK MANAGEMENT, GOVERNANCE AND ETHICS

Candidates were required to use the given information to:

(a) Explain ways in which the management may embed risks into the organization’s systems and procedures.

(b) Explain briefly the concept of whistle blowing and indicate whether whistle blowing has advantages to an organization or not.

(c) From the given statement about Kant’s view, Outline any two criticisms against Kant’s ethics

Candidates’ performance in this question was not satisfactory. Out of 367 candidates who answered the question only 130 (35.4%) candidates passed while the remaining 237 (64.6%) candidates failed. Out of those who passed 103 (28.1%), 25 (6.8%) and 02 (0.5%) candidates scored pass, credit and distinction marks respectively Candidates were not well prepared for the topic that had been examined.

QUESTION 4: STRATEGIC MANAGEMENT

(a) Candidates were required to use the given information concerned to investment company thought of venturing into a new product line to:- (i) Enumerate the types of questions that the firm’s management

needed to be asking in the exercise. (ii) Explain the process likely to adopt when using the PESTLE

technique. (b) From the given information about Bank Plc which candidate were

required as a consultant to advise the management on the; (i) Legal framework requirements for mandatory disclosures. (ii) Voluntary disclosures to be made by the company.

(c) Candidates were required to use the given information as a consultant, to advise the firm on how they should conduct their business.

Candidates’ performance in this question was satisfactory. Out of 591 candidates who answered the question, 347 (58.7%) candidates passed while the remaining 244 (41.3%) candidates failed. Out of those who passed 244 (41.3%), 96 (16.2%) and 07 (1.2%) candidates scored pass, credit and distinction marks respectively

There was no major weakness noted in this question.

Page 89: EXAMINERS' AND PERFORMANCE REPORT

77

QUESTION 5: RISK MANAGEMENT; AUDIT COMMITTEE; ETHICAL THEORIES

(a) Candidates were required to use the given information to:-

(i) Explain roles played by a risk committee to an organization. (ii) Evaluate any five benefits of external risk auditing.

(b) Also candidates were required to use the given statement to: (i) Enumerate the functions of the audit committee. (ii) Name and explain the characteristics of members of the audit

committee. (c) Candidates were required critically show the weaknesses of the

Principle or Theory of Utilitarianism in business.

Candidates’ performance in this question was satisfactory. Out of 691 candidates who answered the question, 636 (92.0%) candidates passed while the remaining 55 (08.0%) candidates failed. Out of those who passed 245 (35.4%), 329 (47.6%) and 62 (9.0%) candidates scored pass, credit and distinction marks respectively No major common weakness was noted in this question

QUESTION 6: ORGANISATIONAL STRUCTURE; TYPES OF BOARD OF DIRECTORS; PROBITY

Candidates were required to use the given statements to:-

(a) List down the main ways in which, managers can choose to structure their organizations or business entities.

(b) Explain how multi-tier board structure normally operates. (c) Analyse the importance of probity in a growing business.

Candidates’ performance in this question was fairly satisfactory. Out of 377 candidates who answered the question 155 (41.1%) candidates passed while the remaining 222 (58.9%) candidates failed. Out of those who passed 86 (22.8%), 54 (14.3%) and 15 (4.0%) candidates scored pass, credit and distinction marks respectively

Most candidates were not adequately prepared in this topic.

QUESTION 7: ETHICS

Candidates were required to use the given information to:-

(a) Describe various importance of Research and Development department to a business company.

(b) Analyse examples of intimidation threats to an auditor. (c) Provide an analysis to show how business ethics can promote

business success. Candidates’ performance in this question was not satisfactory. Out of 857 candidates who answered the question only 369 (43.1%) candidates

Page 90: EXAMINERS' AND PERFORMANCE REPORT

78

passed while the remaining 488 (56.9%) candidates failed. Out of those who passed 310 (36.2%), 58 (6.8%) and 01 (0.1%) candidates scored pass, credit and distinction marks respectively.

Many candidates failed to provide an analysis to show how business ethics can promote business success and failed to describe various importance of Research and Development department to a business company.

IV: GENERAL OBSERVATIONS

(a) Assessment of the Paper The panel of examiners found the paper to be quite adequate in terms of the questions examined and time allocated for each question, with a wider spread of topics within the syllabus.

(b) Candidates’ overall performance

Candidates’ performance in this examination paper was satisfactory. Out of 914 candidates who answered the examination, 649 (71.0%) candidates passed while the remaining 265 (29.0%) candidates failed. Out of those who passed 568 (62.1%) and 81 (8.9%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this examination paper.

The candidates’ over-all performance in the subject is as shown on table 7.4.12 below:

TABLE 7.4.12

B6 CANDIDATES’ PERFORMANCE ANALYSIS

CLASSIFICATION OF MARKS 00-39 40-59 60-79 80-100 TOTAL NO. OF CANDIDATES (FREQUENCY)

265 568 81 0 914

PERCENTAGE 29.0 62.1 8.9 0.0 100

TABLE 7.4.13 B6 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

NOVEMBER 2015 November 2015 % decrease

No. of candidates passed % No. of candidates passed % 730 91.9 649 71.0 20.9

Page 91: EXAMINERS' AND PERFORMANCE REPORT

79

INTRA LEVELS ANALYSIS OF CANDIDATES’ PERFORMANCE – FOUNDATION AND INTERMEDIATE

Under the revised examination scheme and syllabi, the Board does not allow its candidates to sit both levels. However, it allowed those who were referred to sit for a referral paper and a full level, during the transitional period. The analysis below shows performance of the 129 candidates who sat for examination papers in both Foundation and Intermediate levels. The performance is as indicated hereunder:

S/No. COMBINATION FOUNDATION AND INTERMEDIATE

Number Percent 1 Pass Both 1 0.8 2 Pass FOUND, Partial Pass INTER 57 44.2 3 Pass FOUND, Fail INTER 40 31.0 4 Partial Pass FOUND, Pass INTER 0 00.0 5 Partial Pass Both 13 10.1 6 Partial Pass FOUND, Fail INTER 11 08.5 7 Fail FOUND, Pass INTER 0 00.0 8 Fail FOUND, Partial Pass INTER 7 05.4 9 Fail Both 0 00.0

Total 129 100%

Page 92: EXAMINERS' AND PERFORMANCE REPORT

80

FINAL LEVEL EXAMINATIONS The Final Level examinations are the last level of the three-tier professional examination system of the Board. The final level examinations consist of four subjects as mentioned hereunder:- C1 Corporate Reporting C2 Auditing and Assurance C3 Business and Corporate Finance C4 Public Finance and Taxation II These examination papers have been tested for the fifth time in this examination session. The examination draws candidates from:- (a) Candidates who were referring P15 Financial Reporting II and P20 Contemporary

Issues in Accounting in the phased out syllabus where these candidates sat for C1 Corporate Reporting in the current syllabus

(b) Candidates who were referring P18 Auditing and Assurance Services in the phased out syllabus where these candidates sat for C2 Auditing and Assurance Services

(c) Candidates who were referring P16 International Finance in the phased out syllabus where these candidates sat for C3 Business and Corporate Finance in the current syllabus and

(d) Candidates who were referring P17 Public Finance and Taxation in the phased out syllabus where these candidates sat for C4 Public Finance and Taxation II in the current syllabus

The performance of the candidates who sat for both modules is shown at the end of the levels’ report.

Page 93: EXAMINERS' AND PERFORMANCE REPORT

81

GENERAL OBSERVATIONS During the November 2016 examination session, 2,113 candidates sat for Final Level examinations out of whom 335 (15.9%) have passed this level and therefore eligible for the award of STATEMENT OF SUCCESS, 637 (30.1%) have passed some of the subjects while 1,141 (54.0%) have failed the examinations. The general performance subject-wise for the Final level examination in this session is as shown on Table 7.5 below:

TABLE 7.5 MODULE E SUBJECT -WISE PERFORMANCE ANALYSIS

Code Subject Performance

November 2015 May 2016 November 2016 Entries Pass % Entries Pass % Entries Pass %

C1 Corporate Reporting

1,060 228 21.5 1,296 376 29.0 1,076 350 32.5

C2 Auditing and Assurance

1,048 433 41.3 1,095 399 36.4 930 334 35.9

C3 Business and Corporate Finance

776 88 11.3 1,050 291 27.7 967 351 36.3

C4 Public Finance and Taxation II

710 290 40.8 880 465 52.8 705 316 44.9

Page 94: EXAMINERS' AND PERFORMANCE REPORT

82

C1 CORPORATE REPORTING

I: PRINCIPAL LEARNING OUTCOME Principal learning outcome of this paper is to test candidates’ ability to financial reporting standards and corporate law in preparing, analysing and evaluating corporate reports by entities, both in the private and public sectors.

II: STRUCTURE OF THE QUESTION PAPER

This examination paper comprised two sections with six questions. Candidates were required to answer four questions. Question one which carried 40 % was compulsory

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

In this paper, topics examined and candidates’ performances were as follows:

QUESTION 1: GROUP STATEMENT OF CASHFLOW

Candidates were required to use the given information to about group financial statements to:

(a) Prepare a consolidated statement of cash flow using indirect method for the given company for the given year end in accordance with the requirements of IAS 7: statements of Cash flow

(b) Use the give statement about the use of IFRS for SMEs to:- (i) Explain under what circumstances make an entity publicly

accountable under the scope of IFRS for SME’s (ii) Describe the key differences in accounting for goodwill

under IFRS for SME’s and that of Full IFRS (IFRS 3).

Candidates’ performance in this question was not satisfactory. All 1060 candidates who answered the question failed.

Major weakness in this question was that candidates demonstrated poor knowledge on Group Cash Flow Statements.

QUESTION 2: IAS 17: LEASES

Candidates were required to use given information about the release of IFRS 16 by International Accounting Standards Board (IASB) to:-

(a) Explain why was it necessary for IASB to change the previous lease standard IAS 17 to IFRS 16, Leases

(b) Discuss what has changed in the new lease, IFRS 16 in comparison to the previous IAS 17 – lease standard.

(c) Use the given information about a company that had rented some space in the warehouse for storing his goods to:-

Page 95: EXAMINERS' AND PERFORMANCE REPORT

83

(i) Explain how would someone could account for this contract under IAS 17 and IFRS 16 for the given year end by the given company

(ii) With computations, show that both models (IFRS 16 and IAS 17) have the same profit or loss impact over total lease terms in the books of the given company

Candidates’ performance in this question was not satisfactory. Out of 414 candidates who answered the question only 30 (7.3%) candidates passed while the remaining 384 (92.8%) candidates failed. Out of those who passed 21 (5.1%) and 09 (2.2%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Most candidates failed to discuss changes in the new Lease IFRS 16 and could not distinguish how to account for Lease under IAS 17 as compared to IFRS 16 guidelines.

QUESTION 3: FINANCIAL AND BUSINESS ANALYSIS

Candidates were required to use the given information to related to one company which was incorporated in the given year to make special design furniture using mninga timber to use the given ratios and information given to prepare a Statement of Comprehensive Income for the year ended 31st December 2014 and a statement of Financial position as at the date of that given company as much details as possible.

Candidates’ performance in this question was satisfactory. Out of 721 candidates who answered the question, 379 (52.6%) candidates passed while the remaining 342 (47.4%) candidates failed. Out of those who passed 309 (42.9%) and 70 (9.7%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Some candidates failed to use simple profitability ratios to determine cost of sale and the gross profit. Some failed on presentation of financials e.g. inclusion of share capital in statement of comprehensive income inclusion/presentation of operating expenses before cost of sales in an attempt to calculate profit for a period.

QUESTION 4: IAS 24: RELATED PARTY DISCLOSURE & IAS 8 CHANGES IN

ACCOUNTING POLICIES, ESTIMATES AND ERRORS

(a) Candidates were required to use given paragraph on related part to answer the following questions: - (i) Justify why the disclosure of related party relationships and

transactions is an important issue in corporate reporting.

Page 96: EXAMINERS' AND PERFORMANCE REPORT

84

(ii) Discuss the view that small companies should be exempted from the disclosure of related party relationships and transactions on the ground of size.

(b) Use the given information about a company that was preparing its financial statements for the given year to:

(i) Calculate the effect of the error on the profits of the given company for the given year end

(ii) Prepare (with comparatives) the amended statement of profit or loss and statement of other comprehensive income for the given company for the given year end and any related disclosure.

Candidates’ performance in this question was not satisfactory. Out of 588 candidates who answered the question only 57 (9.7%) candidates passed while the remaining 531 (90.3%) candidates failed. Out of those who passed 44 (7.5%), 12 (2.0%) and 01 (0.2%) candidates scored pass, credit and distinction marks respectively

Most candidates failed to make reasoning as to why IAS 24 requires disclosure of related party transactions and relationships. Also most of them failed to correct errors discovered in the financial statements concerned with sales not included or overstated/understated.

QUESTION 5: PREPARING AND REPORTING INFORMATION FOR FINANCIAL STATEMENTS AND NOTES (IAS 10)

Candidates were required to use the given information relates to an audit manager in a one firm who was approached by the financial accountant who was having difficulty understanding on how to account for several matters to prepare notes for the financial accountant - setting out and explaining how each of the given matters should be accounted for and disclosed in the financial statements of the given company for the given year end.

Candidates’ performance in this question was not satisfactory. Out of 779 candidates who answered the question only 226 (29.0%) candidates passed while the remaining 553 (71.0%) candidates failed. Out of those who passed 156 (20.0%), 59 (7.6%) and 11 (1.4%) candidates scored pass, credit and distinction marks respectively

Most candidates were writing down irrelevant information.

Page 97: EXAMINERS' AND PERFORMANCE REPORT

85

QUESTION 6: CREATIVE ACCOUNTING, LEASES IAS 17 AND EARNING PER SHARE IAS 33

(a) Candidates were required to use the given paragraph about creative accounting to describe the methods of engaging in creative accounting and the ways to curb creative accounting.

(b) Use the given information about one company which owned plant and equipment carrying the given amount of TZS. To show how the given transactions and events should be treated in the financial statements of that company at the given period

(c) Distinguish between Basic EPS and Diluted EPS. (d) Use the given information related to profit after tax for the given

company under the given period to calculate the Basic EPS figure for the given company (including comparatives) and the diluted EPS (comparatives not required) that would be disclosed for the year ended 30th September, 2015.

Candidates’ performance in this question was not satisfactory. Out of 712 candidates who answered the question only 208 (29.2%) candidates passed while the remaining 504 (70.8%) candidates failed. Out of those who passed 181 (25.4%) and 27 (3.8%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question. The majority of candidates showed poor knowledge on the topic.

Page 98: EXAMINERS' AND PERFORMANCE REPORT

86

IV: GENERAL OBSERVATIONS

(a) Assessment of the Examination The panel of examiners found that the question had an appropriate mixture of questions, the distribution of marks and the time allocated was adequate. The paper had easy and difficult questions which were all within the prescribed syllabus.

(b) Candidates’ overall performance of the paper Candidates’ performance in this examination paper was not satisfactory. Out of 1076 candidates who sat for this paper 350 (32.5%) candidates passed while the remaining 726 (67.5%) candidates failed. Out of those who passed 347 (32.2%) and 03 (0.3%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this examination paper.

The candidates’ over-all performance in the subject is as shown on table 7.5.2 below:

TABLE 7.5.3

C1 CANDIDATES’ PERFORMANCE ANALYSIS

Classification of Marks 0-39 40-59 60-79 80-100 Total

No. of Candidates (Frequency)

726 347 03 00 1076

Percentage 67.5 32.2 0.3 0.0 100

TABLE 7.5.4

C1 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS November 2015 November 2016 %

increase No. of candidates passed % No. of candidates passed %

228 21.5 350 32.5 11.0

Page 99: EXAMINERS' AND PERFORMANCE REPORT

87

C2 AUDITING AND ASSURANCE SERVICES

I: PRINCIPAL LEARNING OUTCOME Principal learning outcome of this paper is to test candidates’ ability to apply auditing and assurance standards and relevant laws in undertaking and managing auditing and assurance engagements in complex auditing and reporting situations.

II: STRUCTURE OF THE QUESTIONPAPER

This examination paper comprised two sections with six questions. Candidates were required to answer four questions. Question one carried 40% was compulsory

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

In this paper, topics examined and candidates’ performances were as follows:

QUESTION 1: I. ASSESMENT OF RISKS, INTERNAL CONTROLS, II. INVENTORY COUNT

III. AUDIT PLAN

(a) Candidates were required to use given information to concerning one company which was a fast growing chain of retail shops with several branches to: (i) Identify and explain the business risks and other risks in

that given company. (ii) Recommend appropriate internal controls in that given

company (b) Use the given information concerning the assumption that

financial statements are prepared on a going concern basis to recommend the audit opinion that should be issued basing on each of the above scenarios.

(c) Use the given information that was contained in the draft financial statements availed to one audit senior during the planning of the audit work to use analytical procedures, to state the observations one could draw from the given extract of draft financial statements and show how they may affect the audit of receivables.

(d) Use the given information about one company which was one of the audit clients to: (i) Suggest suitable inventory count instructions that should be

used in the stock count of the given company (ii) State the duties of the auditors when attending inventory

count of the given company. (e) Use the given information about one company which is a medium

size firm of auditors to describe and explain the audit procedures and processes that should be performed during an interim and final audits of a client.

(f) Give two (02) examples of items which are contained in the overall audit strategy and two (02) examples of items contained in the audit plan.

Page 100: EXAMINERS' AND PERFORMANCE REPORT

88

Candidates’ performance in this question was not satisfactory. Out of 930 candidates who answered the question only 31 (3.3%) candidates passed while the remaining 899 (96.7%) candidates failed. Out of those who passed 28 (3.0%) and 03 (0.3%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Most candidates failed to draw an observation after having carried out computations of ratios while performing analytical procedures. Some failed to differentiate the audit procedures and processes of carrying out interim and final audit.

QUESTION 2: I: LEGAL, REGULATORY AND ETHICAL ISSUES

II: ASSESSMENT OF RISKS, INTERNAL CONTROLS, INTERNAL FINANCIAL CONTROLS

Candidates were required to use the given information in relation to a company that has recently responded to a tender for the provision of audit services to another given company, to:

(a) Describe the professional and ethical matters that your audit firm should consider in making the decision whether or not to accept appointment as auditors of the given company

(b) Identify and explain the risk of material misstatement that may occur as a result of the given company not complying with the environmental regulations.

(c) Identify and explain the business risk that the given company faces.

Candidates’ performance in this question was satisfactory. Out of 605 candidates who answered the question, 376 (62.1%) candidates passed while the remaining 229 (37.9%) candidates failed. Out of those who passed 178 (29.4%), 166 (27.4%) and 32 (5.3%) candidates scored pass, credit and distinction marks respectively

Most candidates mixed up the requirements of part(b) to those of part(c).

QUESTION 3: EVALUATION OF ACCOUNTING TREATMENT

(a) Candidates were required to use given figures that were extracted from the draft financial statements of one given company to discuss the audit issues relating to the above matters and recommend action that management of the given company should take in line with IAS 10: Event after the period end.

Page 101: EXAMINERS' AND PERFORMANCE REPORT

89

(b) State audit procedures for development costs as the requirement of IAS 38 Intangible Assets.

(c) Use the given statement in relation to ISRE 2400: Engagements to review financial statements to discuss the nature of review and due diligence engagements.

Candidates’ performance in this question was not satisfactory. Out of 290 candidates who answered the question only, 13 (1.5%) candidates scored pass marks while the remaining 277 (95.5%) candidates failed. There was neither credit nor distinction marks in this questions.

Most candidates failed to state audit procedures for development costs. Others failed to explain nature of review and due diligence engagements.

QUESTION 4: I. EXCEPTIONS TO THE DUTY OF CONFIDENTIALITY II. AUDIT RISKS AND PROCEDURES

(a) Candidates were required to explain the exceptions to the duty of confidentiality by the accountants as compliance with the fundamental ethical principles of the code of ethics.

(b) Candidates were required to use the given information in relation to carrying out a review of work performed by an audit team when auditing a company to use each of the given scenario to state the audit risk that could arise and describe the audit procedures one expect to have been carried out by the audit team members.

Candidates’ performance in this question was satisfactory. Out of 804 candidates who answered the question 486 (60.4%) candidates passed while the remaining 318 (39.6%) candidates failed. Out of those who passed 345 (42.9%), 131 (16.3%) and 10 (1.2%) candidates scored pass, credit and distinction marks respectively.

Those who failed were unable to explain the exceptions of the duty of the confidentiality by the accountants. They failed to link the case study with the theoretical aspects.

QUESTION 5: EXTERNAL AUDIT IN THE PUBLIC SECTOR

(a) Candidates were required to use the given information related to a person who was facilitating an induction course to the newly recruited auditors to: - (i) Explain the meaning of ‘Public Sector Entity’. (ii) Elaborate on the scope of the ‘Public Sector Audit’.

(b) Use the given information about someone who has been approached as a mentor to explain three areas where the given person, as a new public sector auditor, is likely to face challenges in his new occupation.

Page 102: EXAMINERS' AND PERFORMANCE REPORT

90

(c) Use the given statement regarding value for money as a term that is said to be more complex and its difficulty in applicability to briefly discuss the deficiencies of values for money audit.

Candidates’ performance in this question was not satisfactory. Out of 697 candidates who answered the question only 119 (17.1%) candidates passed while the remaining 578 (82.9%) candidates failed. Out of those who passed 90 (12.9%), 24 (3.4%) and 05 (0.7%) candidates scored pass, credit and distinction marks respectively

Most candidates failed to distinguish a ‘public sector entity’ from ‘public company’.

QUESTION 6: I. GOVENANCE AND RISK MANAGEMENT II. AUDIT EVEIDENCE

(a) Candidates were required to use the given information related to one person who has been appointed the new chief internal auditor in the local government authority to discuss the importance of Governance in organization and the role of Internal Auditors in governance and risk management.

(b) Use the given statement about the disclosure of cash flows from operating activities to explain how the auditor uses the cash flows in gathering evidence and how the statement of cash flows is audited.

Candidates’ performance in this question was satisfactory. Out of 395 candidates who answered the question, 192 (48.6%) candidates passed while the remaining 203 (51.4%) candidates failed. Out of those who passed 134 (33.9%), 56 (14.2%) and 02 (0.5%) candidates scored pass, credit and distinction marks respectively.

Some candidates who answered this question failed to explain how the statement of cash flow is audited, instead many went on explaining parts of the cash flows.

Page 103: EXAMINERS' AND PERFORMANCE REPORT

91

IV: GENERAL OBSERVATIONS

(a) Assessment of the Examination The panel of examiners found that the question had an appropriate mixture of questions, the distribution of marks and the time allocated was adequate. The paper had easy and difficult questions which were all within the prescribed syllabus.

(b) Candidates’ overall performance of the paper Candidates’ performance in this examination paper was not satisfactory. Out of 930 candidates who answered the examination only 334 (35.9%) candidates passed while the remaining 596 (64.1%) candidates failed. Out of those who passed 329 (35.4%) and 05 (0.5%) scored pass and credit marks respectively. No candidates scored distinction marks in this examination paper.

The candidates’ over-all performance in the subject is as shown on table 7.5.5 below:

TABLE 7.5.5

C2 CANDIDATES’ PERFORMANCE ANALYSIS

Classification of Marks 0-39 40-59 60-79 80-100 Total

No. of Candidates (Frequency)

596 329 05 00 930

Percentage 64.1 35.4 0.5 0.0 100

TABLE 7.5.6

C2 COMPARISON OF PASS RATE WITH NOVEMBER 2015

EXAMINATIONS November 2015 November 2016 % decrease

No. of candidates passed % No. of candidates passed % 433 41.3 334 35.9 3.4

Page 104: EXAMINERS' AND PERFORMANCE REPORT

92

C3 BUSINESS AND CORPORATE FINANCE

I: PRINCIPAL LEARNING OUTCOME Principal learning outcome of this paper is to test candidates’ ability to apply business and financial theories, concepts and analytical frameworks in evaluating and assessing business strategy, business and financing options as well as financial engineering products and provide advice based on such assessments.

II: STRUCTURE OF THE QUESTIONPAPER This examination paper comprised two sections with six questions. Candidates were required to answer four questions. Question one carried 40% was compulsory

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

In this paper, topics examined and candidates’ performances were as follows: QUESTION 1: I: STRATEGIC ANALYSIS II: MANAGING RISKS

(a) Use given information to about the accountants who have opened a consulting firm to: (i) Explain why the given company should undertake

competitor’s analysis.

(ii) Discuss why it is important for the given company to understand the concepts of high/low market growth and market share when undertaking competitor analysis.

(iii) Discuss how gap analysis can be applied to a product/market situation.

(b) Use the given information about one large listed company which produces pharmaceutical products exported around the world to: - (i) Discuss the key risks and issues that the given company

should consider when setting up a subsidiary company and suggest how these can be mitigated.

(ii) Explain what dark pool trading system is and how the given company proposed Initial Public Offering (IPO) may be affected by this system.

Candidates’ performance in this question was not satisfactory. Out of 967 candidates who answered the question only 172 (17.8%) candidates passed while the remaining 795 (82.2%) candidates failed. Out of those who passed 144 (14.9%) and 28 (2.9%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Part B of the question was most challenging to the candidates as they failed to give appropriate responses.

Page 105: EXAMINERS' AND PERFORMANCE REPORT

93

QUESTION 2: DIVIDEND POLICY AND BOND ANALYSIS

(a) Candidates were required to use given information about one company that has recently become a listed company to prepare briefing notes for the next board meeting that set out the key considerations for a company’s position when formulating a dividend policy. Address the specific points made by the two directors and show how the given company might address the fact that different groups of investors may have different preferences in respect of dividends.

(b) Use the given information about someone who was working as a financial and investment analysis to: (i) Estimate the Macaulay duration and the market price of the

given company’s bonds. (ii) Estimate the new bond price and the capital gain or loss upon

selling the bond one year later if the market interest rate decreases from 10% to 8% using the Duration Rule.

(iii) Comment on the relationship between ‘bond price’ and ‘market interest rates’.

Candidates’ performance in this question was not satisfactory. Out of 513 candidates who answered the question only 42 (8.2%) candidates passed while the remaining 471 (91.8%) candidates failed. Out of those who passed 40 (7.8%) and 02 (0.4%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Candidates were weak in both describing the key considerations for a company to consider when formulating dividend policy as well as in the computations.

QUESTION 3: FINANCIAL ANALYSIS

Candidates were required to use the given information about one listed company operating in the haulage and shipping industry to estimate and discuss the impact of each of the three proposals on the forecast Statement of Financial Position, the earnings and earnings per share, and gearing of the given company.

All candidates who answered this question failed.

Candidates lack critical analysis skills.

Page 106: EXAMINERS' AND PERFORMANCE REPORT

94

QUESTION 4: MANAGING RISKS

Candidates were required to use given information about a hired financial analyst by a given company based in Tanzania to:-

(a) Evaluate whether a forward market hedge or a money market

hedge should be used to hedge the interest payment of US$10,000 in six months’ time.

(b) Write a brief report to the directors of the given company describing: (i) The general theoretical arguments for and against a firm

hedging its foreign exchange exposure. (ii) The relationships between:

• Exchange rates and interest rates. • Exchange rates and inflation rates.

Candidates’ performance in this question was not satisfactory. Out of 830 candidates who answered the question only 237 (28.6%) candidates passed while the remaining 593 (71.4%) candidates failed. Out of those who passed 190 (22.9%), 46 (5.5%) and 01 (0.1%) candidates scored pass, credit and distinction marks respectively

Candidates failed to argue for and against hedging.

QUESTION 5: MANAGING RISKS: FORWARD CONTRACTS AND OPTIONS

(a) Candidates were required to use the given information about one seasoned exporter of roasted coffee beans to Europe and Asia to: (i) Explain to the Managing Director and the Marketing Manager

on how the put option will benefit OPEL as compared to the forward contract.

(ii) Show them under what condition OPEL would exercise the put option and when they would break even. Assume the spot rate when the £ 40,000 is received range from TZS.2,000 to TZS.2,800 in intervals of TZS.100.

(iii) Compute the net realizable answers with the put option and compare them with the realization under forward contract.

(iv) Explain to the Managing Director any two (2) factors affecting the option value.

(b) Required to briefly explain the main features of a just-in-time inventory system. Explain any two (2) factors that would limit its application in Tanzania.

Candidates’ performance in this question was satisfactory. Out of 559 candidates who answered the question 313 (56.0%) candidates passed while the remaining 246 (44.0%) candidates failed. Out of those who

Page 107: EXAMINERS' AND PERFORMANCE REPORT

95

passed 213 (38.1%), 89 (15.9%) and 11 (2.0%) candidates scored pass, credit and distinction marks respectively. The computation of the ‘breakeven’ value seemed to be a problem to majority of candidates. Others were just writing just what they know about the topic.

QUESTION 6: PARITY THEORIES, PPP AND IRP, OPTIONS, CALL AND

PUT, CAPAM AND WACC

Candidates were required to use the given information to: -

(a) (i) Calculate the exchange rate be at the end of the year if the purchasing power parity holds

(ii) Calculate the one year forward rate if the market obeys the interest rate parity theory

(iii) Explain the way of combining the given options to form a portfolio

(b) Use the given information to: - (i) Use the CAPM approach to calculate weighted average

required Returns On Investment one would recommend for give two divisions

(ii) Discuss any two limitations of using this approach to estimate divisions cost of capital.

Candidates’ performance in this question was satisfactory. Out of 784 candidates who answered the question, 361 (46.0%) candidates passed while the remaining 423 (54.0%) candidates failed. Out of those who passed 259 (33.0%), 99 (12.6%) and 03 (0.4%) candidates scored pass, credit and distinction marks respectively

Most candidates failed to determine the pay-off options at expiration.

Page 108: EXAMINERS' AND PERFORMANCE REPORT

96

IV: GENERAL OBSERVATIONS

(a) Assessment of the Examination The panel of examiners found that the question had an appropriate mixture of questions, the distribution of marks and the time allocated was adequate. The paper had easy and difficult questions which were all within the prescribed syllabus.

(b) Candidates’ overall performance of the paper Candidates’ performance in this examination paper was not satisfactory. Out of 967 candidates who answered the paper only 351 (36.3%) candidates passed while the remaining 616 (67.3%) candidates failed. Out of those who passed 341 (35.3%) and 10 (1.0%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this examination paper.

The candidates’ over-all performance in the subject is as shown on table 7.7.7 below:

TABLE 7.5.7

C3 CANDIDATES’ PERFORMANCE ANALYSIS

Classification of Marks 0-39 40-59 60-79 80-100 Total

No. of Candidates (Frequency)

616 341 10 00 967

Percentage 67.3 35.3 1.0 0.0 100

TABLE 7.5.8

C3 COMPARISON OF PASS RATE WITH NOVEMBER 2015

EXAMINATIONS November 2015 November 2016 % decrease

No. of candidates

passed

% No. of candidates

passed

%

88 11.3 351 36.3 +25.0

Page 109: EXAMINERS' AND PERFORMANCE REPORT

97

C4 PUBLIC FINANCE AND TAXATION II

I: PRINCIPAL LEARNING OUTCOME Principal learning outcome of this paper is to test candidates’ ability to apply knowledge of public finance, tax laws and Financial Reporting Standards and Corporate Law in preparing, analysing and evaluating corporate reports by entities, both in the private and public sectors.

II: STRUCTURE OF THE QUESTION PAPER

This examination paper comprised two sections with six questions. Candidates were required to answer four questions. Question one carried 40% which was compulsory

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

In this paper, topics examined and candidates’ performances were as follows:

QUESTION 1: I. PUBLIC FINANCE: PUBLIC EXPENDITURE POLICY AND GOVERNMENT BUDGET

II: TAXATION OF SPECIALISED INDUSTRIES; INSURANCE CORPORATIONS (a) Candidates were required to use given information concerning the

competitive of the Tanzania Tax system to: - (b) (i) Discuss three competitive advantages of the

Tanzania tax system, outlining their attractiveness for foreign direct investors and the type of investor that each is likely to attract.

(i) Give an account of the main threats that these advantages face, and any policy responses or other developments that could mitigate the impact of these threats.

(c) Use the given information about one resident corporation dealing with general life insurance business to: - (i) Briefly explain the meaning of life insurance as applicable

under the Income Tax Act, Cap 332.

(ii) Calculate the net taxable income of the Phonics Insurance Corporation as per the Income Tax Act, Cap 332.

Candidates’ performance in this question was not satisfactory. Out of 705 candidates who answered the question only 51 (7.2%) candidates passed while the remaining 654 (92.8%) candidates failed. Out of those who passed 48 (6.8%) and 03 (0.4%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question

Page 110: EXAMINERS' AND PERFORMANCE REPORT

98

Most of candidates failed to identify the main threats facing the competitive advantage of the Tanzania tax system and their policy response.

QUESTION 2: I. INTRODUCTION TO PUBLIC FINANCE - THE ROLE OF PUBLIC SECTOR

II: EMPLOYMENT INCOME

Candidates were required to do the following: -

(a) With the aid of concrete examples, explain the reasons for Government’s continued ownership of enterprises in Tanzania.

(b) Use the given statement about payments by the employer to the employee on termination to explain under what circumstances are such termination payments tax exempt?

Candidates’ performance in this question was not satisfactory. Out of 540 candidates who answered the question only 63 (11.7%) candidates passed while the remaining 477 (88.3%) candidates failed. Out of those who passed 61 (11.3%) and 02 (0.4%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Most candidates had opinion that government owns enterprises only for the sake of raising revenue and creating employment for the people.

QUESTION 3: BASIC PROVISIONS OF THE INCOME TAX ACT, TAXATION OF NON-RESINTS, INVESTMENT AND HOLDING COMPANIES, TAXATION OF SPECIALISED INDUSTRIES

Candidates were required to use given information to do the following: -

(a) Explain the tax implications where an asset is disposed off to a non-arm’s length transaction.

(b) Use the given information relates to the acquisition and disposal of assets to compute the total income arising from the above transactions on filing its tax returns for the tax year 2016. Give brief reasons for your treatment of each item.

(c) Use the given statement about the calculation of income from business to:

(i) Explain the treatment of unrelieved losses for tax purposes. (ii) Explain the rationale for the treatment of unrelieved losses

you dealt with above.

(iii) State the exception to the treatment you explained in (i) above and its rationale.

Page 111: EXAMINERS' AND PERFORMANCE REPORT

99

Candidates’ performance in this question was not satisfactory. Out of 205 candidates who answered the question only 31 (15.1%) candidates passed while the remaining 174 (84.9%) candidates failed. Out of those who passed 30 (14.6%) and 01 (0.5%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Most candidates were not aware about Act amendment concerning unrelieved losses. Most of them reported that exception to the treatment of unrelieved losses for corporation is three consecutive years instead of four years.

QUESTION 4: DOUBLE TAXATION TREATIES Candidates were required to: -

(a) Evaluate how Tanzania benefits from a double taxation treaty

with a country like Finland. (b) Elucidate the statement that ‘According to Vogel (1986),

‘International juridical double taxation’ is the imposition of comparable taxes in two (or more) states on the same taxpayer in respect of the same subject matter and for identical periods’

(c) Use the given information relates to a company which has trading profit to calculate the given person’s corporate tax liability for the year of income ended March 2015.

Candidates’ performance in this question was satisfactory. Out of 604 candidates who answered the question, 255 (42.2%) candidates passed while the remaining 349 (57.8%) candidates failed. Out of those who passed 216 (35.8%), 38 (6.3%) and 01 (0.2%) candidates scored pass, credit and distinction marks respectively

Some candidates failed to differentiate between double taxation and juridical double taxation. Others failed to calculate corporate tax liability.

QUESTION 5: SETTELEMT OF TAX DISPUTES

(a) Candidates were required to use the given information concerning taxpayers and the taxpayer authority that may disagree on the amount of tax assessed: - (i) Critically discuss reasons that may lead to objection of the

tax liability by the tax payer. (ii) Evaluate the procedures of handling tax objection in

Tanzania. (iii) Analyse factors that will determine finality of an assessment.

(b) Use the given statement about Income Tax Act, Cap 332 to describe the circumstances as provided for under section 136 of the Income Tax Act, Cap 332.

Page 112: EXAMINERS' AND PERFORMANCE REPORT

100

Candidates’ performance in this question was not satisfactory. Out of 539 candidates who answered the question only 171 (31.7%) candidates passed while the remaining 368 (68.3%) candidates failed. Out of those who passed 146 (27.1%), 24 (4.5%) and 01 (0.2%) candidates scored pass, credit and distinction marks respectively

Most candidates failed to raise concrete reasons as they did only the

calculations.

QUESTION 6: RECENT REFORMS IN THE TANZANIAN TAXATION SYSTEM

(a) Candidates were required to use the given phrase about the comments of a taxpayer to discuss: - (i) The objectives of tax reforms in Tanzania. (ii) Reforms on tax implications that were made by the Finance

Act, 2015 in the Tanzania Investment Act with tax implications.

(b) Use the given information to evaluate the given amendment. (c) Outline the tax reforms that were made in the Business Licensing

Act, Cap 208.

Candidates’ performance in this question was not satisfactory. Out of 230 candidates who answered the question only 88 (38.3%) candidates passed while the remaining 142 (61.7%) candidates failed. Out of those who passed 87 (37.8%) and 01 (0.4%) candidates scored pass and credit marks respectively. No candidate scored distinction marks in this question.

Most candidates failed to answer the question by producing tax reforms of 2015 instead they produced tax reforms and implications of 2016.

Page 113: EXAMINERS' AND PERFORMANCE REPORT

101

IV: GENERAL OBSERVATIONS

(a) Assessment of the Examination The panel of examiners found that the question had an appropriate mixture of questions, the distribution of marks and the time allocated was adequate. The paper had easy and difficult questions which were all within the prescribed syllabus.

(b) Candidates’ overall performance of the paper Candidates’ performance in this examination paper was satisfactory. Out of 705 candidates who answered the paper 316 (44.8%) candidates passed while the remaining 389 (55.2%) candidates failed. Out of those who passed 312 (44.3%), 04 (0.6%) candidates scored pass marks respectively. No candidate scored distinction marks in this examination paper

The candidates’ over-all performance in the subject is as shown on table 7.5.9 below:

TABLE 7.5.9

C4 CANDIDATES’ PERFORMANCE ANALYSIS

Classification of Marks 0-39 40-59 60-79 80-100 Total

No. of Candidates (Frequency)

389 312 04 00 705

Percentage 55.1 44.3 0.6 0.0 100

TABLE 7.5.10

C4 COMPARISON OF PASS RATE WITH NOVEMBER 2015 EXAMINATIONS

November 2015 November 2016 % increase No. of candidates passed % No. of candidates passed %

290 40.8 316 44.9 +4.1

Page 114: EXAMINERS' AND PERFORMANCE REPORT

102

INTRA-LEVELS ANALYSIS OF CANDIDATES’ PERFORMANCE – INTERMEDIATE AND FINAL LEVELS

Under the revised examination scheme and syllabus, the Board does not allow its candidates to attempt both levels. However, it allowed those who were caught in transition from the phased out syllabus to the new syllabus during the transitional period. The analysis below shows performance of the 1,267 candidates who sat examination papers in the Intermediate and Final Levels respectively. Their performance is as indicated hereunder:

S/No. COMBINATION INTERMEDIATE & FINAL Number Percent

1 Pass Both 67 05.3 2 Pass INTER, Partial Pass FINAL 163 12.9 3 Pass INTER, Fail FINAL 133 10.5 4 Partial Pass INTER, Pass FINAL 0 00.0 5 Partial Pass Both 62 04.9 7 Partial Pass INTER, Fail FINAL 61 04.8 8 Fail INTER, Pass FINAL 32 02.5 9 Fail INTER, Partial Pass FINAL 179 14.1 10 Fail Both 572 45.1

Total 1267 100%

Page 115: EXAMINERS' AND PERFORMANCE REPORT

103

CHAPTER III EXAMINERS’ RECOMMENDATIONS TO THE TUTORS AND STUDENTS In each examination session, the panel of examiners come up with suggestions to both Tutors and Students which are aimed at improving future candidates’ performance. These recommendations arise from shortcomings observed in the course of marking the candidates’ scripts. RECOMMENDATIONS TO TUTORS Guidance to the candidates 1. Tutors should encourage their students to put more efforts in their studies while

preparing for the examinations. They should ensure that only those students who have performed well in the class tests and mock examinations are allowed to sit for the Board’s examinations.

2. Tutors should expose their students to examination techniques including how to tackle a question in on examination room.

3. Tutors should encourage their students to read extensively and do a lot of

exercises. They should discourage students from cramming the questions and their solutions as this will not assist them during the examinations.

4. Tutors should encourage their students to create a habit of reading current issues and keeping themselves abreast with the issues taking place within and globally. This will assist them in answering the questions that are of general nature and at the same time improve their vocabulary.

5. Tutors should encourage students to devote more time in their studies and help

them to obtain relevant materials and reference books for the particular subjects.

Teaching and learning materials 6. Tutors should prepare and update their teaching notes (competence based) that

can be made available to their students.

7. Tutors should devote their time to prepare appropriate case study questions and orient students especially those at higher levels on how to tackle case study questions.

8. Tutors should introduce an ‘examination technique’ topic during the course of

training. The examination techniques in one of the crucial areas that play a vital role to students when it comes to answering examination questions.

Page 116: EXAMINERS' AND PERFORMANCE REPORT

104

9. Tutors should make sure that they concentrate on teaching using NBAA Learning Materials and other supplementary relevant learning materials to cover the syllabus adequately. It is important that the tutors should prepare work-plans that guide them in covering the entire syllabus of the subjects they teach.

10. Tutors should devote their time to attend NBAA seminars, workshops and

Training of Trainers workshops in order to be aware of current emerging professional issues.

Evaluating the candidates 11. Tutors should at a certain point of time, prepare mock examinations that would

test the students understanding and segregate weak from strong students whom should be given more exercises and attention before they can be allowed to register for the examinations. The mock examinations should cover typical examination questions in an examination atmosphere thereby familiarizing the students to similar conditions that they would encounter when taking their examinations.

Effective teaching 12. Tutors should prepare scheme of works/lesson plans that will guide them during

the teaching process. Teaching plans have to be provided to enable the students be aware of what has to be covered and at what time.

13. Tutors should ensure that they are using relevant and up-to-date teaching

materials in order to avoid misleading the students. 14. Tutors should ensure that they attend short courses regarding teaching

methodologies in order to improve their teaching styles and acquire modern teaching methodologies.

15. Tutors should take time to read comments prepared by markers which have been

summarized in the Examiners’ and Performance Report. By so doing they will understand their shortfalls and improve in the respective areas mentioned by the markers.

16. For the subjects which need practical orientation like auditing, it would be much

better for the trainers to invite practicing auditors to teach some of the topics. 17. Tutors should avoid spoon feeding the students, instead they have to apply

various participatory teaching methods in order to bring about effective learning among the students.

18. Tutors should in as much as possible try to observe the weaknesses of their

students and address them by equipping them with different skills on the subject matter especially on new statutes.

Page 117: EXAMINERS' AND PERFORMANCE REPORT

105

19. Tutors should at all times be up-to-date with emerging teaching techniques and should apply them. Tutors should also apply the techniques that make the learner think more rather than cramming.

20. Tutors should ensure that they equip themselves with knowledge and skills that are required to teach effectively the students under competence based syllabi

21. Tutors should assist students on how to use the learning materials for effectively learning

RECOMMENDATIONS TO STUDENTS Applying appropriate learning styles 22. Students should develop study schedules that will guide them during the

preparations for the examinations and ensure that they have covered each and every topic in the syllabus.

23. Changes taking place in the accounting, auditing, tax, law regimes are vast and

hence students should keep up-to-date with those changes. For example definitions and terminologies in accounting and auditing have been modified since the adoption of the International Accounting/Auditing Standards. Students need to know these changes in order to be able to apply them in their course of study and in their work places.

24. Students should develop a culture of reading NBAA Learning materials, various

textbooks and journals in order to get an in depth knowledge and understanding of the subject matter.

25. Students should put more effort on Public Sector Accounting/Auditing as it seems

they do not give special attention on the area. 26. Students should work hard, think critically and do more practice to enhance their

competence and confidence. 27. Students should make sure that they respond to the requirements of the question

asked rather than answering what has not been asked. They should not formulate their own questions and provide their own answers.

28. Students are required to do comprehensive preparations. They should not base

their preparations on occurrence of topics on past examinations.

Page 118: EXAMINERS' AND PERFORMANCE REPORT

106

Self motivation towards learning 29. Students need to take personal initiative to improve their mastery of English

Language. This can be achieved in many ways – through reading daily newspapers, magazines, books and through speaking the language. Language limitations has affected majority of candidates as they fail to express themselves properly let alone giving them flexibility in answering the questions.

30. Students should take an initiative of improving their case study analysis. Should

seek assistance from their trainers on how to analyze a case study questions.

31. Students should develop their own learning strategies; they should not depend entirely on their trainers.

Assurance of knowledge mastery 32. Students should work hard and not rush to sit for the examinations before they

have assured themselves that they are ready for the examinations. They should not take chances and play a game of chance (doing examination is not gambling), hoping that they will find the examinations questions they are familiar with. They need to ensure that they get value for the money they have used as tuition and examination fees.

33. Students to take seriously initiative and effort to cover the whole syllabus

requirement material through reading various books, journals and published articles not to concentrate mostly in teaching questions and answers of past examinations.

34. Students should avoid attempting the examination unless they have covered a

major part of the respective syllabus; also devote more time in private and group discussions study rather than considering the examination as “going concern”.

35. Students should make a good use of the learning materials in order to improve their learning

36. Students should ensure that they avoid learning through memorisation, instead they have to study and understand subject matters in details

Appropriate preparation for examinations and examination techniques 37. When attempting the examinations, students/candidates are urged to first read the

instructions, and then read the questions properly before they start attempting the question. Make a viable choice in case there are optional questions or even the choice of questions they should start attempting.

38. Students should learn how to organize their answers during the examination

attempts. This can be achieved through practice.

Page 119: EXAMINERS' AND PERFORMANCE REPORT

107

39. Students should have extensive course contents coverage and attempt many questions in the preparation of their examination in the form of self exercise to build their ability to tackle questions properly and to be able to understand different term used in examinations.

40. Students should ensure that they attend review classes without giving any excuses for not enrolling to these reviews.

41. Students should take time to read about examination techniques that are published

regularly in the NBAA Students’ Newsletters and other publications in order to acquire rightful techniques in dealing and answering examination questions.

42. Students should make use of the syllabus outlines during their preparations in

order to countercheck that they have adequately covered the syllabus. 43. Students should make use of group discussions in order to enhance their

understanding through such discussion. 44. Students should orient themselves with different type of questions, theoretical and

computational type of questions and do thorough preparations during the study sessions. They should also equip themselves with analytical skills, especially as at the higher levels in order to be tackle questions that require such skills.

45. Students should change their reading behaviour of memorizing various questions

and answers by devoting their time in reading various books and get an insight of the subject matters.

46. Students should make thorough preparation for the examination by reading

extensively the recommendations text books to supplement what they are getting from the review classes.

47. Students are advised to apply the following techniques among others in order to pass their examinations.

47.1 Ensuring that the syllabus is well covered Candidates are required to use the syllabus as their base of determining whether they are ready to sit for the examinations or not. The problem of most candidates is total dependence on the trainers. It is not funny to find a candidate attending a review class without having a syllabus. It is difficult for such a candidate to know what has been covered by the trainer and what has been left out. Some candidates instead of ensuring that they have covered the syllabus adequately they rely on Question and Answers (Qs and As) booklets. Questions and Answers of previous examinations are good but they are not supplements of the syllabus. By reading Question and Answer booklets students cannot get sufficient knowledge about the subject matter. The best way of making use of Qs and as is after the completion of the syllabus to see how examination questions are set and the best ways to approach them.

Page 120: EXAMINERS' AND PERFORMANCE REPORT

108

47.2 Active participation in the classroom sessions The education system of most countries including Tanzania does not prepare

students/candidates to take active role in the classroom. The predominant teaching method used i.e. lecturing is characterized by various shortcomings including: subject experts are not always good teachers, students are passive, learning is difficult to gauge and communication is one way i.e. students are just listening to lectures and do not participate actively. If a student goes to the class waiting for a trainer to come and dish information to be grasped, automatically learning becomes impaired. An effective learning to take place requires the learners to take effective role in the learning process. Experience shows that students who ask questions and pose challenges during the learning process they do well in their examinations. Asking a question or posing a challenge to a trainer does not come from nowhere, it come only if a student is interested to what he is learning. An interested student in the learning process is the one who takes trouble to read what is going to be taught before entering the class. Therefore trainers are required to prepare course outlines derived from the prescribe syllabus so as to enable students to follow. Students can make use of the course outline to prepare on their own before they go to the classroom. The lesson becomes enjoyable when both students and the trainers are prepared before entering the classroom. In short, student’s active role in the class is fundamental factor in the effective learning process.

47.3 Review class attendance

Review classes are quite different from formal schooling. In the formal schooling context trainers exercise authority of controlling students’ attendance. They can penalize students who miss classes without genuine reasons. This does not happen in the review classes because those who are attending review classes are heterogeneous. Some are employees, some are self employed, and others are fresh graduates from colleges while others are occupied with various social responsibilities. It becomes difficult for the trainers to control attendance of such categories of learners. But we should bear in mind that at higher level education, classroom attendance is not a responsibility of the trainer. If there is any candidate who misses classes just because there is no one to question about it, such a student must have some problems. No one is expecting to see a student missing a class without having genuine reasons at this level of education. But, generally there is lack of seriousness among most candidates especially in the case of classroom attendance. Candidates are therefore reminded that attending classroom sessions appropriately should be self motivated.

Page 121: EXAMINERS' AND PERFORMANCE REPORT

109

There is a good number of candidates who never attend review classes with confidence that they know each and every thing. They register themselves for examinations as private candidates. Experience shows that candidates who are attending review classes have a far better chance to pass their examinations than those who do not attend. Some of the candidates attend review classes only when they sit for the examinations on the first time but when they are required to refer or re-seat the examinations they neglect to register for review classes. They claim to have adequate and sufficient materials and therefore they can study on their own. This is not always a good decision. Human brain is characterized by the nature of forgetting. A famous study on forgetting textbook materials compared the percentage of material remembered after different intervals of time. The results were as follows:

After 1 day 54% was remembered. After 7 days 35% was remembered. After 14 days 21% was remembered. After 21 days 18% was remembered. After 28 days 19% was remembered. After 63 days 17% was remembered.

Remembering what you have heard in lectures is even more difficult to recall because you are not able to slow down, pause, reflect, or to reread unless you take excellent notes! In a study on recall after listening to a lecture, students forgot more than 90% of the points from the lecture after 14 days! (Engle, Susan: Context is everything: The nature of memory. W.H. Freeman & Co, 1999). If that is the case then there is no way a candidate may decide not to attend review classes.

47.4 Group discussions

By not sharing ones knowledge of understanding about a particular subject matter a candidate may think that he knows much about the subject but when it comes into examination, such a candidate fails! It is very easy for someone to cheat himself that he knows much about a particular subject matter due to lack of sharing knowledge with others. Going to the library daily or doing daily self-study is not a direct ticket to pass examinations. There is a belief that when you are taught something by your fellow student who understands the subject matter, the knowledge sticks into your mind than being taught by a trainer. Group discussions are said to be a good source of learning and sharing of knowledge and experiences due to its nature of open interaction. Although most candidates who are preparing for the professional examinations are facing limited time to organize group discussions, they should not ignore it at all. They should be aware that sometimes it is far better to discuss a subject/topic in a group than going to the library for self study. Group discussion is a potential source of learning but it is ignored by most candidates. Candidates are therefore obliged to form group discussions to discuss various topics especially those which are most difficult or complicated.

Page 122: EXAMINERS' AND PERFORMANCE REPORT

110

47.5 Practise learning of materials in deep One of the major factors that lead to poor performance in the examinations is learning things in shallow. Most candidates have ample time to study but they do not do it until the ‘late hours’. They keep on saying ‘there is enough time to study’. But since time does not on the favour of anyone in this universe they find themselves running shortage of time. What follows after this is to make ‘ad hoc’ preparations. In this case therefore they practise what the psychologists call ‘rote learning’. By definition rote learning is a learning technique which avoids understanding the inner complexities and inferences of the subject that is being learned and instead focuses on memorizing the materials so that it can be recalled by the learner exactly the way it was read or heard. In other words, it is learning "just for the test".

The major practice involved in rote learning techniques is learning by repetition, based on the idea that one will be able to recall the meaning of the material the more they repeat it. However, in many fields, especially mathematics and related disciplines, this can often produce poor results.

Rote learning is not the best way of studying. Students are required to study a subject matter in deep. This will make them to own what they have learnt and express it in their own words. In rote learning a student tries to reproduce what he has read as it was read. ‘If a student reads something with the aim of reproducing it as it is, that is not understanding. This method limits a student to learn many things because memory capacity for human beings is also limited. Students should also be aware that rote learning does not develop interest to learn. As you memorize new materials the old ones fade out.

47.6 Conclusion Candidates should take trouble to read various techniques for passing examinations rather than concentrating only on studying topics that will appear in the examinations. Those who have been able to make use of various study techniques have found themselves enjoying learning and finally pass their examinations. Studying for the examinations should be enjoyable rather than becoming cumbersome to the candidates. This is possible if the candidates apply appropriate techniques in their studies.

Page 123: EXAMINERS' AND PERFORMANCE REPORT

111

CHAPTER IV

CANDIDATURE DISTRIBUTION

The Board’s examination candidature comes from various training institutions (Tuition Providers) in the country. The November 2016 examination session drew candidates from the following institutions as per Table 8 below:

TABLE 8 NO. OF CANDIDATES

S/N NAME OF INSTITUTION ATEC I

ATEC II

FOUNDATION LEVEL

INTERMEDIATE LEVEL

FINAL LEVEL

TOTAL

1 PRIVATE 20 34 75 594 380 1103 2 PT BRIGHT

MOROGORO 5 10 78 37 130

3 PT CCA 12 10 5 3 30 4 PT ATC ARUSHA 1 1 2 5 PT CORNERSTONE 10 39 58 143 79 329 6 PT COVENANT FC 10 32 146 1196 600 1984 7 PT EVIN 4 8 6 482 391 891 8 PT FANI 2 10 12 9 PT KAS 17 23 25 30 11 106 10 PT PAC- ARUSHA 9 14 25 127 72 247 11 PT PTC MWANZA 2 1 2 16 10 31 12 PT VICTORY MWANZA 5 2 7 13 PT EXCEL MOSHI 1 12 92 42 147 14 PT SJCS 5 2 7 15 PT IDIANA CONSUL

MBEYA 4 45 8 57

16 PT MU DSM 1 9 2 12 17 PT FTC 1 1 18 PT PYTHAGORAS F.C 7 9 6 22 19 PT INSPIRE 4 1 5 20 PT MMK DODOMA 1 3 58 34 96 21 PT NAO 1 26 20 47 22 PT WAME MWANZA 2 5 1 8 23 PT APT 3 2 5 24 PT TCCG 5 78 53 133 25 PT FILADEFIA F.C.

DODOMA 14 82 44 140

26 PT ZIBCO 1 15 8 24 27 PT EMINENT 6 125 62 193 28 PT UPTAKE 1 1 5 77 31 115 29 PT AFC 27 409 258 694 30 PT ACG 1 2 3 31 PT ZENJI 1 21 10 32 32 PT REHOBOTH

CONSULT 2 2 4

33 PT GC TABORA 3 15 2 20 34 PT ATTIUDE 1 140 88 229 35 WADE ARUSHA 1 1 27 19 48 TOTAL APPLIED 92 170 454 3925 2276 6917 ABSENTEEISM 8 12 49 403 163 635 TOTAL SAT 84 158 405 3522 2113 6282

Page 124: EXAMINERS' AND PERFORMANCE REPORT

112

KEY:

1 PRIVATE 2 PT BRIGHT - MOROGORO - Part-time Review Classes conducted by Bright of Morogoro 3 PT CCA - Part-Time Review Classes Conducted by Commercial College of Arusha 4 PT ATC ARUSHA - Part-Time Review Classes Conducted by Arusha Technical College - Arusha 5 PT CORNERSTONE - Part-Time Review Classes Conducted by Cornerstone Financial Consultants 6 PT COVENANT- FC - Part-Time Review Classes Conducted by Covenant Financial Consultants 7 PT EVIN - Part-Time Review Classes conducted by Evin School of Management 8 PT FANI - Part-Time Review Classes Conducted by Fani Business Consultants

9 PT KAS - Part-Time Review Classes Conducted by KAS Institute of Professionals (T) Ltd. – DSM.

10 PT PAC- ARUSHA - Part-Time Review Classes Conducted by PAC Consultants of Arusha 11 PT PTC - MWANZA - Professional Training Centre - Mwanza

12 PT VICTORY - MWANZA - Part-Time Review Classes Conducted by Victory Accountants, Auditors and Business Consultants

13 PT EXCEL- MOSHI - Part-Time Review Classes Conducted by Excel Financial & Tax Solutions of Moshi

14 PT SJCS - St. Joseph’s Commercial School – Tanga 15 PT IDIANA CONSULTANCY - Part-Time Review Classes conducted by Idiana Consultancy and CPA (T) 16 PT MU DSM - Part-Time Review Classes conducted by Mzumbe University DSM Campus 17 PT FTC - Part-Time Review Classes conducted by Financial Training Centre 18 PT Pythagoras F.C - Part-Time Review Classes conducted by Pythagoras Financial Consultancy 19 PT INSPIRE - Part-Time Review Classes conducted by Inspire Consultants Ltd 20 PT MMK DODOMA - Part-Time Review Classes conducted by MMK - Dodoma 21 PT NAO - Part-Time Review Classes Conducted by National Audit Office – DSM 22 PT WAME - MWANZA - Part-Time Review Classes conducted by WAME Investment - Mwanza 23 PT APT - APT Financial Consultants – DSM

24 PT TCCG - Part-Time Review Classes conducted by Tanzania Centre for Corporate Governance

25 PT FILADEFIA Financial Consultancy DODOMA

- Part-Time Review Classes Conducted by Filadefia Financial Consultancy DODOMA

26 PT ZIBCO - Part-Time Review Classes Conducted by Zanzibar Intellectual and Business Consultants

27 PT EMINENT - Part-Time Review Classes Conducted by EMINENT 28 PT UPTAKE - Part-Time Review Classes Conducted by UPTAKE Business Resources (T) Ltd

29 PT AFC - Part-Time Review Classes conducted by Accountants and Financial Consultants Ltd

30 PT ACG - Part-Time Review Classes Conducted by Accountant General’s Office 31 PT ZENJI - Zenji Review and Consultancy - Zanzibar 32 PT REHOBOTH CONSULT - Part-Time Review Classes conducted by Rehoboth Consultancy - DSM 33 PT GC TABORA - Part-Time Review Classes Conducted by Tabora General Consultants 34 PT ATTITUDE - Part-Time Review Classes conducted by Attitude Financial Consultants 35 PT WADE ARUSHA - Part-Time Review Classes conducted by WADE Through Financial Consultants

Page 125: EXAMINERS' AND PERFORMANCE REPORT

113

INSTITUTIONAL PERFORMANCE The assessment of institutional performance is done using two approaches: 1. Best Candidate Approach: The best institution under this approach is the one which produces the “NBAA Best

Level Candidate”, a candidate who obtained the highest marks in aggregate, at a single examination attempt. Using this approach, the best candidate for each of the Board’s examination levels is as follows:

Examination Best Candidates came from

ATEC Level I PT KAS ATEC Level II No candidate qualified for the award FOUNDATION LEVEL: PT CORNERSTONE

INTERMEDIATE LEVEL: PT UP-TAKE FINAL LEVEL: No candidate qualified for the award

1. Performance Approach:

Under this approach, the best institution is that which obtains the highest Grade Point Average (GPA) in relation to the total number of A ,B, C, F grades obtained by candidates in comparison with total number of papers sat by candidates in that level.

The following formula is applied

Subject GPA =

Where Na = Total Number of Candidates who have scored A in an institution at that level Nb = Total Number of Candidates who have scored B in an institution at that level Nc = Total Number of Candidates who have scored C in an institution at that level Nf = Total Number of Candidates who have scored F in an institution at that level

Pa = The weight of Grade A = 3

Pb = The weight of Grade B = 2

Pc = The weight of Grade C = 1

Pf = The weight of Grade F = 0

Page 126: EXAMINERS' AND PERFORMANCE REPORT

114

Arising from the above, the best three institutions under this approach for each examination level are as indicated hereunder: (See tables 15.1 to 15.5(b) on pages 145 to 154 of this report).

Examination Level Best Institution

ATEC I:

Category A: 1-5 Candidates 1st - PT SJCS 2nd - PT EVIN & PTC MWANZA Category B: Above 5 Candidates 1st - PT KAS 2nd - PT COVENANT F.C 3rd - PT CONERSTONE ATEC II:

Category A: 1-5 Candidates 1st - PT UP-TAKE 2nd - PT WADE ARUSHA 3rd - PT BRIGHT MOROGORO Category B: Above 5 Candidates 1st - PT CORNERSTONE & PAC ARUSHA 3rd - PT KAS FOUNDATION LEVEL:

Category A: 1-20 Candidates 1st - PT FTC 2nd - PT SJCS 3rd - PT TCCG Category B: Above 20 Candidates 1st - PT CORNERSTONE 2nd - PT AFC 3rd - PT COVENANT F.C INTERMEDIATE LEVEL:

Category A: 1-20 Candidates 1st - PT MU DSM 2nd - PT INSPIRE 3rd - PT APT

Category B: Above 20 Candidates 1st - PT CONERSTONE

2nd - PT ATTITUDE 3rd - PT EXCEL MOSHI

FINAL LEVEL: Category A: 1-20 Candidates 1st - PT ATC ARUSHA, INSPIRE & WAME MWANZA Category B: Above 20 Candidates 1st - PT COVENANT F.C 2nd - PT ATTITUDE 3rd - PT MMK DODOMA

Page 127: EXAMINERS' AND PERFORMANCE REPORT

115

TABLE 8.1 SUMMARY OF RESULTS BY EXAMINATION LEVEL AND INSTITUTION WISE

1-5 CANDIDATES - ACCOUNTING TECHNICIAN LEVEL I

Institution Entered Absent Sat No of

papers No of

A % of

A No of

B % of

B No of

C % of C No of

F % of F GPA Ranking PT - SJCS 5 0 5 20 0 0.0% 5 25.0% 13 65.0% 2 10.0% 1.15 1 PT - PTC MWANZA 2 0 2 5 0 0.0% 0 0.0% 4 80.0% 1 20.0% 0.80 2 PT -EVIN 4 1 3 5 0 0.0% 0 0.0% 4 80.0% 1 20.0% 0.80 2 PT -UPTAKE 1 0 1 3 0 0.0% 0 0.0% 2 66.7% 1 33.3% 0.67 4 PT -WADE ARUSHA 1 0 1 1 0 0.0% 0 0.0% 0 0.0% 1 100.0% 0.00 5 PT - EXCEL MOSHI 1 0 1 4 0 0.0% 0 0.0% 0 0.0% 4 100.0% 0.00 5

Subtotals 14 1 13 38 0 0.0% 5 13.2% 23 60.5% 10 26.3% 14 RANKING

1ST - PT SJCS 2RD - PT EVIN & PTC MWANZA Key:

Total No of Papers Attempted – Is calculated as sum of No of Candidates times Papers Attempted (∑ of Candidates x No of Papers)

Number of Grades – Is Number of Grades (A-F) scored by that Institution in all papers in that particular level.

Page 128: EXAMINERS' AND PERFORMANCE REPORT

116

TABLE 8.2 SUMMARY OF RESULTS BY EXAMINATION LEVEL AND INSTITUTION WISE

ABOVE 5 CANDIDATES - ACCOUNTING TECHNICIAN LEVEL I

Institution Entered Absent Sat No of

papers No

of A % of

A No of

B % of

B No of

C % of

C No of

F % of

F GPA Ranking PT - KAS 17 0 17 48 0 0.0% 5 10.4% 26 54.2% 17 35.4% 0.75 1 PT - Covenant F. C. 10 1 9 23 0 0.0% 1 4.3% 13 56.5% 9 39.1% 0.65 2 PT - CornerStone 10 0 10 24 0 0.0% 0 0.0% 10 41.7% 14 58.3% 0.42 3 PT - PAC - ARUSHA 9 2 7 16 0 0.0% 0 0.0% 3 18.8% 13 81.3% 0.19 4 PT - CCA 12 0 12 28 0 0.0% 0 0.0% 3 10.7% 25 89.3% 0.11 5

Subtotals 58 3 55 139 0 0.0% 6 4.3% 55 39.6% 78 56.1% 58 1ST - PT KAS 2ND - PT COVENANT F. C 3RD - PT CORNERSTONE Key: Total No of Papers Attempted – Is calculated as sum of No of Candidates times Papers Attempted (∑ of Candidates x No of Papers) Number of Grades – Is Number of Grades (A-F) scored by that Institution in all papers in that particular level?

Page 129: EXAMINERS' AND PERFORMANCE REPORT

117

TABLE 8.3

SUMMARY OF RESULTS BY EXAMINATION LEVEL AND INSTITUTION WISE 1-5 CANDIDATES - ACCOUNTING TECHNICIAN LEVEL II

Institution Entered Absent Sat No of

papers No

of A % of

A No

of B % of

B No of

C % of C No of

F % of F GPA Ranking PT - UPTAKE 1 0 1 4 0 0.0% 2 50.0% 2 50.0% 0 0.0% 1.50 1 PT - WADE ARUSHA 1 0 1 1 0 0.0% 0 0.0% 1 100.0% 0 0.0% 1.00 2 PT -BRGHT MOROGORO 5 0 5 15 0 0.0% 4 26.7% 6 40.0% 5 33.3% 0.93 3 PT- PTC MWANZA 1 0 1 2 0 0.0% 0 0.0% 1 50.0% 1 50.0% 0.50 4 PT - MMK DODOMA 1 0 1 3 0 0.0% 0 0.0% 1 33.3% 2 66.7% 0.33 5 PT - NAO 1 0 1 1 0 0.0% 0 0.0% 0 0.0% 1 100.0% 0.00 6

Subtotals 10 0 10 26 0 0.0% 6 23.1% 11 42.3% 9 34.6% 1ST - PT UPTAKE 1ST - PT WADE ARUSHA 3RD - PT BRIGHT MOROGORO Key: Total No of Papers Attempted – Is calculated as sum of No of Candidates times Papers Attempted (∑ of Candidates x No of Papers) Number of Grades – Is Number of Grades (A-F) scored by that Institution in all papers in that particular level.

Page 130: EXAMINERS' AND PERFORMANCE REPORT

118

TABLE 8.4 SUMMARY OF RESULTS BY EXAMINATION LEVEL AND INSTITUTION WISE

ABOVE 5 CANDIDATES - ACCOUNTING TECHNICIAN LEVEL II

Institution Entered Absent Sat No of

papers No of

A % of

A No of

B % of

B No of

C % of

C No of

F % of

F GPA Ranking PT - CornerStone 39 2 37 100 0 0.0% 9 9.0% 50 50.0% 41 41.0% 0.68 1 PT - PAC - ARUSHA 14 3 11 25 0 0.0% 2 8.0% 13 52.0% 10 40.0% 0.68 1 PT - KAS 23 1 22 69 0 0.0% 3 4.3% 35 50.7% 31 44.9% 0.59 3 PT - Covenant F. C. 32 0 32 98 0 0.0% 6 6.1% 41 41.8% 51 52.0% 0.54 4 PT -EVIN 8 1 7 18 0 0.0% 1 5.6% 7 38.9% 10 55.6% 0.50 5 PT - CCA 10 0 10 21 0 0.0% 0 0.0% 10 47.6% 11 52.4% 0.48 6

Subtotals 126 7 119 331 0 0.0% 21 6.3% 156 47.1% 154 46.5% 1ST - PT CONER STONE & PAC-ARUSHA 3RD - PT PAC – KAS Key: Total No of Papers Attempted – Is calculated as sum of No of Candidates times Papers Attempted (∑ of Candidates x No of Papers) Number of Grades – Is Number of Grades (A-F) scored by that Institution in all papers in that particular level.

Page 131: EXAMINERS' AND PERFORMANCE REPORT

119

TABLE 8.5

SUMMARY OF RESULTS BY EXAMINATION LEVELS AND INSTITUTIONS 1- 20 CANDIDATES - FOUNDATION LEVEL

Institution Entered Absent Sat No of

papers No of A % of A No of B % of B No of C % of C No of F % of F GPA Ranking PT - FTC 1 0 1 1 0 0.0% 1 100.0% 0 0.0% 0 0.0% 2.00 1 PT- SJCS 2 0 2 6 0 0.0% 3 50.0% 3 50.0% 0 0.0% 1.50 2

PT - TCCG 5 2 3 9 0 0.0% 4 44.4% 5 55.6% 0 0.0% 1.44 3

PT - PTC Mwanza 2 0 2 7 0 0.0% 3 42.9% 4 57.1% 0 0.0% 1.43 4

PT - MMK Dodoma 3 1 2 7 0 0.0% 4 57.1% 1 14.3% 2 28.6% 1.29 5 PT -EXCEL MOSHI 12 1 11 26 0 0.0% 6 23.1% 17 65.4% 3 11.5% 1.12 6 PT - MU DSM 1 0 1 2 0 0.0% 1 50.0% 0 0.0% 1 50.0% 1.00 7 PT -EMINENT 6 0 6 12 0 0.0% 2 16.7% 8 66.7% 2 16.7% 1.00 7 PT -PYTHAGORAS F.C 7 1 6 25 0 0.0% 3 12.0% 18 72.0% 4 16.0% 0.96 9 PT -BRIGHT MORO 10 0 10 19 1 5.3% 2 10.5% 11 57.9% 5 26.3% 0.95 10 PT - IDIANA CONSULT. 4 0 4 15 0 0.0% 2 13.3% 9 60.0% 4 26.7% 0.87 11 PT-UPTAKE 5 1 4 7 0 0.0% 3 42.9% 0 0.0% 4 57.1% 0.86 12 PT - CCA 5 0 5 14 0 0.0% 1 7.1% 10 71.4% 3 21.4% 0.86 12

PT - FANI 2 0 2 5 0 0.0% 0 0.0% 4 80.0% 1 20.0% 0.80 14 PT -FILADEFIA F.C DOM 14 0 14 39 0 0.0% 5 12.8% 21 53.8% 13 33.3% 0.79 15 PT - G.C TABORA 3 0 3 12 0 0.0% 1 8.3% 7 58.3% 4 33.3% 0.75 16 PT - WAME MWANZA 2 0 2 8 0 0.0% 0 0.0% 6 75.0% 2 25.0% 0.75 16 PT -EVIN 6 1 5 11 0 0.0% 1 9.1% 6 54.5% 4 36.4% 0.73 18 PT - ATITTUDE 1 0 1 5 0 0.0% 0 0.0% 3 60.0% 2 40.0% 0.60 19

PT - ZIBCO 1 0 1 2 0 0.0% 0 0.0% 1 50.0% 1 50.0% 0.50 20 PT -ZENJI 1 0 1 2 0 0.0% 0 0.0% 1 50.0% 1 50.0% 0.50 20 PT - VICTORY MWANZA 5 0 5 17 0 0.0% 0 0.0% 8 47.1% 9 52.9% 0.47 22

Subtotals 98 7 91 251 1 0.4% 42 16.7% 143 57.0% 65 25.9%

1ST - PT FTC 2ND - PT SJCS 3RD - PT TCCG

Key: Total No of Papers Attempted – Is calculated as sum of No of Candidates times Papers Attempted (∑ of Candidates x No of Papers)

Number of Grades – Is Number of Grades (A-F) scored by that Institution in all papers in that particular level.

Page 132: EXAMINERS' AND PERFORMANCE REPORT

120

TABLE 8.6

SUMMARY OF RESULTS BY EXAMINATION LEVELS AND INSTITUTIONS ABOVE 20 CANDIDATES - FOUNDATION LEVEL

Institution Entered Absent Sat No of

papers No of

A % of

A No of

B % of

B No of

C % of

C No of

F % of

F GPA Ranking PT - CornerStone 58 7 51 156 4 2.6% 60 38.5% 62 39.7% 30 19.2% 1.24 1 PT - AFC 27 2 25 75 3 4.0% 16 21.3% 36 48.0% 20 26.7% 1.03 2 PT - Covenant F. C. 146 17 129 347 2 0.6% 78 22.5% 181 52.2% 86 24.8% 0.99 3 PT- PAC ARUSHA 25 3 22 57 0 0.0% 8 14.0% 29 50.9% 20 35.1% 0.79 4

PT - KAS 25 1 24 64 0 0.0% 5 7.8% 40 62.5% 19 29.7% 0.78 5

Subtotals 281 30 251 699 9 1.3% 167 23.9% 348 49.8% 175 25.0% 1ST - PT CORNERSTONE 2ND - PT AFC 3RD - PT COVENANT Key: Total No of Papers Attempted – Is calculated as sum of Number of Candidates times Papers Attempted (∑ of Candidates x No of Papers) Number of Grades – Is Number of Grades (A-F) scored by that Institution in all papers in that particular level.

Page 133: EXAMINERS' AND PERFORMANCE REPORT

121

TABLE 8.7

SUMMARY OF RESULTS BY EXAMINATION LEVELS AND INSTITUTIONS 1-20 CANDIDATES - INTERMEDIATE LEVEL

Institution Entered Absent Sat No of

papers No of

A % of

A No of

B % of

B No of

C % of C No of

F % of F GPA Ranking PT - MU DSM 9 0 9 26 0 0.0% 1 3.8% 16 61.5% 9 34.6% 0.69 1 PT - INSPIRE 4 1 3 9 0 0.0% 1 11.1% 4 44.4% 4 44.4% 0.67 2 PT - APT 3 1 2 4 0 0.0% 0 0.0% 2 50.0% 2 50.0% 0.50 3 PT-WAME MWANZA 5 0 5 15 0 0.0% 0 0.0% 7 46.7% 8 53.3% 0.47 4 PT - PTC MWANZA 16 3 13 24 0 0.0% 0 0.0% 9 37.5% 15 62.5% 0.38 5 PT - CCA 3 0 3 8 0 0.0% 0 0.0% 2 25.0% 6 75.0% 0.25 6 PT - VICTORY MWANZA 2 0 2 4 0 0.0% 0 0.0% 1 25.0% 3 75.0% 0.25 6 PT - FANI 10 0 10 37 0 0.0% 0 0.0% 9 24.3% 28 75.7% 0.24 8 PT-ZIBCO 15 2 13 38 0 0.0% 0 0.0% 8 21.1% 30 78.9% 0.21 9 PT - G.C TABORA 15 0 15 44 0 0.0% 0 0.0% 9 20.5% 35 79.5% 0.20 10 PT-PYTHAGORAS F.C 9 1 8 15 0 0.0% 0 0.0% 2 13.3% 13 86.7% 0.13 11 PT - ATC ARUSHA 1 0 1 1 0 0.0% 0 0.0% 0 0.0% 1 100.0% 0.00 12 PT - ACG 1 0 1 1 0 0.0% 0 0.0% 0 0.0% 1 100.0% 0.00 12 PT REHOBOTH 2 0 2 2 0 0.0% 0 0.0% 0 0.0% 2 100.0% 0.00 12 Subtotals 95 8 87 228 0 0.0% 2 0.9% 69 30.3% 157 68.9%

1ST - PT MU DSM

2ND - PT INSPIRE 3RD - PT APT Key:

Total No of Papers Attempted – Is calculated as sum of Number of Candidates times Papers Attempted (∑ of Candidates x No of Papers)

Number of Grades – Is Number of Grades (A-F) scored by that Institution in all papers in that particular level.

Page 134: EXAMINERS' AND PERFORMANCE REPORT

122

TABLE 8.8

SUMMARY OF RESULTS BY EXAMINATION LEVELS AND INSTITUTIONS ABOVE 20 CANDIDATES - INTERMEDIATE LEVEL

Institution Entered Absent Sat No of

papers No of

A % of

A No of

B % of

B No of

C % of

C No of

F % of

F GPA Ranking PT- CORNERSTONE 143 17 126 318 0 0.0% 11 3.5% 163 51.3% 144 45.3% 0.58 1 PT - ATTITUDE 140 11 129 335 0 0.0% 14 4.2% 148 44.2% 173 51.6% 0.53 2 PT - EXCEL MOSHI 92 4 88 283 0 0.0% 13 4.6% 122 43.1% 148 52.3% 0.52 3 PT - UPTAKE 77 4 73 188 0 0.0% 9 4.8% 79 42.0% 100 53.2% 0.52 4 PT - COVENANT F.C 1196 68 1128 3139 2 0.1% 102 3.2% 1364 43.5% 1671 53.2% 0.50 5 PT - IDIANA CONSULT 45 2 43 216 0 0.0% 6 2.8% 87 40.3% 123 56.9% 0.46 6 PT - TCCG 78 7 71 142 0 0.0% 3 2.1% 56 39.4% 83 58.5% 0.44 7 PT - PAC ARUSHA 127 10 117 242 0 0.0% 6 2.5% 85 35.1% 151 62.4% 0.40 8 PT - EVIN 482 71 411 783 0 0.0% 12 1.5% 282 36.0% 489 62.5% 0.39 9 PT - EMINENT 125 12 113 184 0 0.0% 3 1.6% 64 34.8% 117 63.6% 0.38 10 PT - ZENJI 21 4 17 40 0 0.0% 2 5.0% 11 27.5% 27 67.5% 0.38 11 PT - AFC 409 47 362 716 0 0.0% 10 1.4% 228 31.8% 478 66.8% 0.35 12 PT - MMK DODOMA 58 10 48 104 0 0.0% 0 0.0% 34 32.7% 70 67.3% 0.33 13 PT-BRIGHT MORO 78 13 65 127 0 0.0% 4 3.1% 29 22.8% 94 74.0% 0.29 14 PT - KAS 30 3 27 61 0 0.0% 1 1.6% 15 24.6% 45 73.8% 0.28 15 PT - FILADEFIA FC 82 11 71 145 0 0.0% 4 2.8% 31 21.4% 110 75.9% 0.27 16 PT - WADE ARUSHA 27 3 24 50 0 0.0% 2 4.0% 8 16.0% 40 80.0% 0.24 17 PT - NAO 26 10 16 22 0 0.0% 0 0.0% 5 22.7% 17 77.3% 0.23 18 Subtotals 3236 307 2929 7095 2 0.0% 202 2.8% 2811 39.6% 4080 57.5%

1ST - PT CORNERSTONE. 2ND - PT ATTITUDE 3RD - PT EXCEL - MOSHI

Key:

Total No of Papers Attempted – Is calculated as sum of No of Candidates times Papers Attempted (∑ of Candidates x No of Papers)

Number of Grades – Is Number of Grades (A-F) scored by that Institution in all papers in that particular level.

Page 135: EXAMINERS' AND PERFORMANCE REPORT

123

TABLE 8.9

SUMMARY OF RESULTS BY EXAMINATION LEVELS AND INSTITUTIONS 1-20 CANDIDATES - FINAL LEVEL

Institution Entered Absent Sat No of

papers No

of A % of

A No

of B % of

B No

of C % of C No of F % of F GPA Ranking

PT - ATC ARUSHA 1 0 1 1 0 0.0% 0 0.0% 1 100.0% 0 0.0% 1.00 1 PT - INSPIRE 1 0 1 1 0 0.0% 0 0.0% 1 100.0% 0 0.0% 1.00 1 PT - WAME MWANZA 1 0 1 2 0 0.0% 1 50.0% 0 0.0% 1 50.0% 1.00 1 PT - APT 2 0 2 3 0 0.0% 0 0.0% 2 66.7% 1 33.3% 0.67 4 PT - G.C TABORA 2 0 2 3 0 0.0% 0 0.0% 2 66.7% 1 33.3% 0.67 4 PT- ZENJI 10 3 7 12 0 0.0% 0 0.0% 5 41.7% 7 58.3% 0.42 6 PT - WADE ARUSHA 19 2 17 22 0 0.0% 0 0.0% 8 36.4% 14 63.6% 0.36 7 PT - PTC MWANZA 10 1 9 13 0 0.0% 0 0.0% 4 30.8% 9 69.2% 0.31 8 PT - NAO 20 6 14 23 0 0.0% 1 4.3% 5 21.7% 17 73.9% 0.30 9 PT - ZIBCO 8 1 7 12 0 0.0% 0 0.0% 3 25.0% 9 75.0% 0.25 10 PT - IDIANA CONSULT. 8 1 7 12 0 0.0% 0 0.0% 2 16.7% 10 83.3% 0.17 11 PT - KAS 11 0 11 13 0 0.0% 0 0.0% 2 15.4% 11 84.6% 0.15 12 PT - PYTHAGORAS F.C 6 1 5 7 0 0.0% 0 0.0% 1 14.3% 6 85.7% 0.14 13 PT - MU DSM 2 0 2 3 0 0.0% 0 0.0% 0 0.0% 3 100.0% 0.00 14 PT - REHOBOTH CONSUL 2 0 2 4 0 0.0% 0 0.0% 0 0.0% 4 100.0% 0.00 14 PT - ACG 2 0 2 2 0 0.0% 0 0.0% 0 0.0% 2 100.0% 0.00 14

Subtotals 105 15 90 133 0 0.0% 2 1.5% 36 27.1% 95 71.4%

1ST - PT ATC ARUSHA, INSPIRE & WAME MWANZA

Key:

Total No of Papers Attempted – Is calculated as sum of No of Candidates times Papers Attempted (∑ of Candidates x No of Papers)

Number of Grades – Is Number of Grades (A-F) scored by that Institution in all papers in that particular level.

Page 136: EXAMINERS' AND PERFORMANCE REPORT

124

TABLE 8.10

SUMMARY OF RESULTS BY EXAMINATION LEVELS AND INSTITUTIONS ABOVE 20 CANDIDATES - FINAL LEVEL

Institution Entered Absent Sat No of

papers No

of A % of

A No

of B % of

B No

of C % of

C No of F

% of F GPA Ranking

PT - COVENANT F.C 600 31 569 1099 0 0.0% 13 1.2% 504 45.9% 582 53.0% 0.48 1 PT - ATTITUDE 88 5 83 143 0 0.0% 0 0.0% 65 45.5% 78 54.5% 0.45 2 PT- MMK DODOMA 34 1 33 65 0 0.0% 1 1.5% 25 38.5% 39 60.0% 0.42 3 PT - CORNERSTONE 79 9 70 127 0 0.0% 0 0.0% 52 40.9% 75 59.1% 0.41 4 PT - UPTAKE 31 3 28 49 0 0.0% 0 0.0% 19 38.8% 30 61.2% 0.39 5 PT-EXCEL MOSHI 42 3 39 68 0 0.0% 1 1.5% 24 35.3% 44 64.7% 0.38 6 PT- PAC ARUSHA 72 6 66 117 0 0.0% 1 0.9% 40 34.2% 76 65.0% 0.36 7 PT - EVIN 391 21 370 643 0 0.0% 3 0.5% 221 34.4% 419 65.2% 0.35 8 PT - AFC 258 20 238 422 0 0.0% 1 0.2% 131 31.0% 290 68.7% 0.32 9 PT - EMINENT 62 8 54 82 0 0.0% 0 0.0% 22 26.8% 60 73.2% 0.27 10 PT - TCCG 53 1 52 99 0 0.0% 0 0.0% 25 25.3% 71 71.7% 0.26 11 PT- FILADEFIA F.C 44 4 40 67 0 0.0% 0 0.0% 15 22.4% 52 77.6% 0.22 12 PT - BRIGHT MORO 37 5 32 58 0 0.0% 0 0.0% 7 12.1% 51 87.9% 0.12 13

Subtotals 1791 117 1674 3039 0 0.0% 20 0.7% 1150 37.8% 1867 61.4% 1ST - PT COVENANT F.C

2ND - PT ATTITUDE 3RD - PT MMK DODOMA

Key:

Total No of Papers Attempted – Is calculated as sum of No of Candidates times Papers Attempted (∑ of Candidates x No of Papers)

Number of Grades – Is Number of Grades (A-F) scored by that Institution in all papers in that particular level.

Page 137: EXAMINERS' AND PERFORMANCE REPORT

125

CHAPTER V

ACCOUNTING MANPOWER CREATED BY THE BOARD UP TO NOVEMBER 2016 In an effort to meet the demand of the highly needed accounting personnel in the country, the Board has been able to create cumulatively 21,535 accounting manpower since its inception in May 1975. These qualified accounting personnel created are categorized in the following groups:

Table 9 below shows the statistics of graduates per session and cumulatively since May 1975 to November 2013

NBAA GRADUATES – CUMULATIVE STATISTICAL ANALYSIS

MAY 1975 –NOVEMBER 2015

TABLE 9

EXAMINATION SESSION

BBC NABOCE ATEC NAD CPA TOTAL NO. CUM. NO. CUM. NO. CUM. NO. CUM. NO. CUM. NO. CUM.

1ST SESSION MAY 1975

- - 04 04 - - 01 01 NE NE 05 05

2ND SESSION NOV. 1975

- - 32 36 - - 10 11 NE NE 42 47

3RD SESSION MAY 1976

- - 158 194 - - 25 36 02 02 185 232

4TH SESSION NOV. 1976

- - 73 267 - - 43 79 02 04 118 350

5TH SESSION MAY 1977

- - 174 441 - - 36 115 08 12 218 568

6TH SESSION NOV. 1977

- - 98 539 - - 17 132 03 15 118 686

7TH SESSION MAY 1978

- - 193 732 - - 57 189 13 28 263 949

8TH SESSION NOV. 1978

- - 172 904 - - 56 245 11 39 239 1188

9TH SESSION - - 199 1103 - - 46 291 27 66 272 1460

(1) Certified Public Accountants (CPA) 7,585 (2) National Accountancy Diploma (NAD)

(Phased out in November 1991)

1,537 (3) National Book-keeping Certificate (NABOCE)

(phased out in May 1991)

5,746 (4) Basic Book-keeping Certificate (BBC)

(phased out in November 1990)

2,971 (5)

Accounting Technician Certificate (ATEC)

3,696

Page 138: EXAMINERS' AND PERFORMANCE REPORT

126

EXAMINATION SESSION

BBC NABOCE ATEC NAD CPA TOTAL NO. CUM. NO. CUM. NO. CUM. NO. CUM. NO. CUM. NO. CUM.

MAY 1979 10TH SESSION NOV. 1979

- - 75 1178 - - 31 322 13 79 119 1579

11TH SESSION MAY 1980

- - 123 1301 - - 22 344 22 101 167 1746

12TH SESSION NOV. 1980

- - 119 1420 - - 24 368 20 121 163 1909

13TH SESSION MAY 1981

- - 229 1649 - - 53 421 13 134 295 2204

14TH SESSION NOV. 1981

- - 124 1772 - - 23 444 21 155 168 2372

15TH SESSION MAY 1982

- - 172 1945 - - 37 481 19 174 228 2600

16TH SESSION NOV. 1982

- - 236 2181 - - 36 517 20 194 292 2892

17TH SESSION MAY 1983

- - 248 2429 - - 47 564 21 215 316 3208

18TH SESSION NOV. 1983

- - 200 2629 - - 28 592 14 220 242 3450

19TH SESSION MAY 1984

- - 199 2828 - - 36 628 17 246 252 3702

20TH SESSION NOV. 1984

- - 215 3043 - - 37 665 12 258 264 3966

21ST SESSION MAY 1985

18 18 306 3349 - - 41 706 12 270 377 4343

22ND SESSION NOV. 1985

40 58 194 3543 - - 44 750 09 279 287 4630

23RD SESSION MAY 1986

62 120 123 3666 - - 54 804 21 300 260 4890

24TH SESSION NOV. 1986

86 206 168 3834 - - 48 852 11 311 313 5203

25TH SESSION MAY 1987

64 270 205 4039 - - 25 877 06 317 300 5503

26TH SESSION NOV. 1987

93 363 129 4168 - - 40 917 14 331 276 5779

27TH SESSION MAY 1988

298 661 175 4343 - - 32 949 14 345 519 6298

28TH SESSION NOV. 1988

292 953 179 4522 - - 72 1021 22 367 565 6863

29TH SESSION MAY 1989

332 1285 201 4723 - - 40 1061 16 377 589 7452

30TH SESSION NOV. 1989

446 1731 232 4955 - - 78 1139 31 414 787 8239

31ST SESSION MAY 1990

482 2213 235 5190 - - 118 1257 17 431 852 9091

32ND SESSION NOV. 1990

758 2971 211 5401 - - 114 1371 40 471 1123

10214

33RD SESSION MAY 1991

- 2971 345 5746 - - 111 1482 61 532 517 10731

34TH SESSION NOV. 1991

- 2971 - 5746 56 56 55 1537 64 596 175 10906

35TH SESSION MAY 1992

- 2971 - 5746 136 192 - 1537 - 596 136 11042

Page 139: EXAMINERS' AND PERFORMANCE REPORT

127

EXAMINATION SESSION

BBC NABOCE ATEC NAD CPA TOTAL NO. CUM. NO. CUM. NO. CUM. NO. CUM. NO. CUM. NO. CUM.

36TH SESSION NOV. 1992

- 2971 - 5746 186 378 - 1537 11 607 197 11,239

37TH SESSION MAY 1993

- 2971 - 5746 119 497 - 1537 12 619 131 11,370

38TH SESSION NOV. 1993

- 2971 - 5746 104 601 - 1537 12 631 116 11,486

39TH SESSION MAY 1994

- 2971 - 5746 110 711 - 1537 16 647 126 11,612

40TH SESSION NOV. 1994

- 2971 - 5746 207 918 - 1537 19 666 226 11,838

41ST SESSION MAY 1995

- 2971 - 5746 122 1040 - 1537 28 694 150 11,988

42ND SESSION NOV. 1995

- 2971 - 5746 117 1157 - 1537 29 723 146 12,134

43RD SESSION MAY 1996

- 2971 - 5746 87 1244 - 1537 36 759 123 12,257

44TH SESSION NOV. 1996

- 2971 - 5746 111 1355 - 1537 53 812 164 12,421

45TH SESSION MAY 1997

- 2971 - 5746 109 1464 - 1537 28 840 137 12,558

46TH SESSION NOV. 1997

- 2971 - 5746 107 1571 - 1537 40 880 147 12,705

47TH SESSION MAY 1998

- 2971 - 5746 124 1695 - 1537 40 920 164 12,869

48TH SESSION NOV. 1998

- 2971 - 5746 60 1755 - 1537 29 949 89 12,958

49TH SESSION MAY 1999

- 2971 - 5746 80 1835 - 1537 52 1001 132 13,090

50TH SESSION NOV. 1999

- 2971 - 5746 80 1915 - 1537 47 1048 127 13,217

51ST SESSION MAY 2000

- 2971 - 5746 104 2019 - 1537 42 1090 146 13,363

52ND SESSION NOV.2000

- 2971 - 5746 91 2110 - 1537 71 1161 162 13,525

53RD SESSION MAY,2001

- 2971 - 5746 45 2155 - 1537 77 1238 122 13,647

54TH SESSION NOV. 2001

- 2971 - 5746 64 2219 - 1537 33 1271 97 13,744

55TH SESSION MAY 2002

- 2971 - 5746 41 2260 - 1537 28 1299 69 13,813

56TH SESSION Nov. 2002

- 2971 - 5746 42 2302 - 1537 53 1352 95 13,908

57TH SESSION MAY 2003

- 2971 - 5746 55 2357 - 1537 49 1401 104 14,012

58th SESSION NOV. 2003

- 2971 - 5746 58 2415 - 1537 55 1456 113 14,125

59th SESSION MAY 2004

- 2971 - 5746 85 2500 - 1537 165 1621 250 14,375

60TH SESSION NOV. 2004

- 2971 - 5746 113 2613 - 1537 134 1755 247 14,622

61ST SESSION MAY 2005

- 2971 - 5746 65 2678 - 1537 142 1897 207 14,829

Page 140: EXAMINERS' AND PERFORMANCE REPORT

128

EXAMINATION SESSION

BBC NABOCE ATEC NAD CPA TOTAL NO. CUM. NO. CUM. NO. CUM. NO. CUM. NO. CUM. NO. CUM.

62ND SESSION NOV. 2005

- 2971 - 5746 75 2753 - 1537 131 2028 206 15,035

63RD SESSION MAY 2006

- 2971 - 5746 62 2815 - 1537 92 2120 154 15,189

64TH SESSION NOV. 2006

- 2971 - 5746 35 2850 - 1537 83 2203 118 15,307

65TH SESSION MAY 2007

- 2971 - 5746 102 2952 - 1537 97 2300 199 15,506

66TH SESSION NOV. 2007

- 2971 - 5746 61 3013 - 1537 177 2477 238 15,744

67TH SESSION MAY 2008

- 2971 - 5746 21 3034 - 1537 184 2661 205 15,949

68TH SESSION NOV. 2008

- 2971 - 5746 49 3083 - 1537 97 2758 146 16,095

69TH SESSION MAY 2009

- 2971 - 5746 45 3128 - 1537 179 2937 224 16,319

70TH SESSION NOV. 2009

- 2971 - 5746 61 3189 - 1537 146 3083 207 16,525

71ST SESSION MAY 2010

- 2971 - 5746 32 3221 - 1537 164 3247 196 16,722

72ND SESSION NOV. 2010

-

2971

-

5746

33

3254

-

1537

176

3423

209

16,931

73RD SESSION MAY 2011

- 2971 - 5746 29 3283 - 1537 185 3608 214 17,145

74TH SESSION NOV. 2011

- 2971 - 5746 31 3314 - 1537 268 3876 299 17,444

75th SESSION MAY 2012

- 2971 - 5746 35 3349 - 1537 259 4135 294 17,738

76th SESSION NOV. 2012

- 2971 - 5746 23 3372 - 1537 188 4323 211 17,949

77th SESSION MAY 2013

- 2971 - 5746 26 3398 - 1537 468 4791 494 18,443

78th SESSION NOV. 2013

- 2971 - 5746 36 3434 - 1537 377 5,168 413 18,856

79th SESSION MAY 2014

- 2971 - 5746 46 3480 - 1537 478 5,646 524 19,380

80th SESSION NOV. 2014

- 2971 - 5746 43 3523 - 1537 369 6,015 412 19,792

81st SESSION MAY 2015

- 2971 - 5746 42 3565 - 1537 600 6,615 642 20,434

1st Mid-SESSION AUGUST 2015

- 2971 - 5746 - 3565 - 1537 03 6,618 03 20,437

84THSESSION NOVEMBER 2015

- 2971 - 5746 42 3607 - 1537 270 6,888 312 20,749

2ND MID-SESSION FEBRUARY 2016

- 2971 - 5746 - 3607 - 1537 01 6,889 01 20,750

83rd SESSION MAY 2016

- 2971 - 5746 40 3647 - 1537 282 7,171 322 21,072

3RD MID-SESSION

- 2971 - 5746 - 3647 - 1537 06 7,177 06 21,078

Page 141: EXAMINERS' AND PERFORMANCE REPORT

129

EXAMINATION SESSION

BBC NABOCE ATEC NAD CPA TOTAL NO. CUM. NO. CUM. NO. CUM. NO. CUM. NO. CUM. NO. CUM.

AUGUST 2016 84TH SESSION NOVEMBER 2016

- 2971 - 5746 49 3,696 - 1537 420 7,597 469 21,547

Table 10 below shows the statistics of CPA (T) equivalent graduates per session and cumulatively since the commencement of these examinations in November 2014 to November 2016.

TABLE 10: CPA (T) EQUIVALENT CERTIFICATES FROM NOVEMBER 2015

– NOVEMBER 2016

EXAMINATION SESSION

TOTAL NO. CUM.

80TH SESSION NOVEMBER 2014 01 01 81ST SESSION MAY 2015 08 09 1ST MID-SESSION AUGUST 2015 04 13 82ND NOVEMBER 2015 03 16 2ND MID-SESSION FEBRUARY 2016 08 24 83RD SESSION MAY 2016 10 34 3RD MID-SESSION AUGUST 2016 05 39 84TH SESSION NOVEMBER 2016 19 58

Page 142: EXAMINERS' AND PERFORMANCE REPORT

130

CHAPTER VI CANDIDATES WINNING THE SPECIAL PRIZES – NOVEMBER 2016 EXAMINATION SESSION 1.0 PRIZES OFFERED BY NBAA

NBAA offers prizes in the following categories: 1.0.1 Best Level Performance Prize 1.0.2 Single Subject Prize 1.0.3 Best Female Prizes

1.1 Minimum Requirement to Win the Prize

In order to win any of the above prizes offered by NBAA, the minimum requirement is for a candidate to obtain an overall pass in a level, having attempted whole set of subjects in that level and passing at a single examination attempt.

1.2 Amount offered in each Examination level: 1.2.1 NBAA Best Level Performance Prize

This prize is awarded to the best candidate who completes an examination level in the first attempt and scores highest marks in aggregate in that level. Exam Paper

Codes Amounts Tshs.

Accounting Technician Levels I & II T01 – T08 50,000 Foundation Level A1 – A5 60,000 Intermediate Level B1 – B6 80,000 Final Level C1 – C4 100,000

1.2.2 Single Subject Prize (Subject to Subject) Performance Prize

The prize is awarded to the best candidate who has excelled in a subject by attaining at least a credit mark – 70% or above in the Accounting Technician Examination Scheme, 60% or above in the Professional Examination Scheme. Exam Paper

Codes Amounts Tshs.

Accounting Technician Levels I & II T01 – T08 40,000 Foundation Level A1 – A5 50,000 Intermediate Level B1 – B6 60,000 Final Level C1 – C4 70,000

Page 143: EXAMINERS' AND PERFORMANCE REPORT

131

1.2.3 Best Female Prizes In motivating female candidates to work harder in their studies and perform better in the Board’s examination, two categories of prizes are offered to female candidates as follows:

1.2.3.1 Best Level Female Performance Prize: This prize is offered to a female candidate as long as the score in aggregate in a level is 70% and above in ATEC examinations and 60% and above in professional examinations.

Exam Paper

Codes Amounts Tshs.

Accounting Technician Level I T01 – T04 50,000 Accounting Technician Level II T05 – T08 50,000 Foundation Level A1 – A5 60,000 Intermediate Level B1 – B6 80,000 Final Stage Level C1 – C4 100,000

1.2.3.2 Best Female Graduate Prize:

The second category of prize is the Best Graduate Prize which is offered to the female candidate who scores highest marks in aggregate among female candidates in ATEC II or CPA (T).

Exam Paper Codes

Amounts Tshs.

Best ATEC Female Graduate Prize Award T05 – T08 250,000 Best CPA (T) Female Graduate Prize Award C1 – C4 500,000

1.3 Prizes won by Candidates:

1.3.1 NBAA Best Level Performance Prize:

Code and Subject Name Name Index No. Amount Tshs.

Accounting Technician Level I

JOSEPH, EMMANUEL 1027532 50,000

Accounting Technician Level II

No Candidate qualified for the award

50,000

Foundation Level RAMADHANI, BAKARI 3027485 60,000

Intermediate Level NYANDORO, CLYDE S. 402859 80,000

Final Level No Candidate qualified for the award

100,000

Page 144: EXAMINERS' AND PERFORMANCE REPORT

132

1.3.2 Subject to Subject Performance Prize The prize is offered to the best candidate who has excelled in a subject by attaining at least a credit mark -70% or above in Accounting Technician Examination Scheme or 60% or above in professional examination scheme. The following candidates qualify for the prizes in each examination layer:

Accounting Technician Level I

Code and Subject Name Name Index No. Amount Tshs.

T.01 - Bookkeeping and Accounts

JOSEPH, EMMANUEL 1027532 40,000

T.02 - Elements of Business Maths and Statistics

JOSEPH, EMMANUEL 1027532 40,000

T.03 - Introduction to Information and Communication Technology

JOSEPH, EMMANUEL 1027532 40,000

T.04 - Business Communication Skills

JOSEPH, EMMANUEL 1027532 40,000

Accounting Technician Level II Code and Subject Name Name Index No. Amount

Tshs. T.05 - Principles of Accounting and Auditing

MSOFFE, JOHN W. 2027528 40,000

T.06 – Principles of Cost Accounting and Procurement

No Candidate qualified for the award.

40,000

T.07 – Elements of Commercial Knowledge, Management Practices and Taxation

CHUNGU, HERIETH 2028258 40,000

T.08 – Accounting for Public Sector and Cooperatives

MSOFFE, JOHN W. 2027528 40,000

Page 145: EXAMINERS' AND PERFORMANCE REPORT

133

FOUNDATION LEVEL Code and Subject Name Name Index No. Amount

Tshs. A1 – Quantitative Techniques MWAIHOJO, RAMADHAN 3024633 50,000

A2 - Business and Management RUKOKERWA, DICKSON E. 3026281 50,000

A3 – Accounting RAMADHANI, BAKARI 3027485 50,000

A4 - Business Information RUKOKERWA, DICKSON E. 3026281

50,000

A5 - Business Law

RAMADHANI, BAKARI 3027485 50,000

INTERMEDIATE LEVEL Code and Subject Name Name Index No. Amount

Tshs. B1 - Financial Management JUMANNE, SELEMANI 4028505 60,000

B2 - Financial Accounting NINA, OMARI A. 4025612 60,000

B3 - Auditing Principles and Practice

KISARAGA, FLORA F. 4028787 60,000

B4 - Public Finance and Taxation I

MSEMO, IDDY S. 4028814 60,000

B5 - Performance Management MSEMO, IDDY S. 4028814 60,000

B6 - Management, Governance and Ethics

NYANGA, VAILETH K. 4028802 60,000

FINAL LEVEL Code and Subject Name Name Index No. Amount

Tshs. C1- Corporate Reporting MAGOVA, BARIKI 5026828 70,000

C2 - Auditing and Assurance SOMBOI, EMMANUEL E. 5027414 70,000

C3- Business and Corporate Finance

No Candidate qualified for the award.

70,000

C4 - Public Finance and Taxation II

No Candidate qualified for the award.

70,000

Page 146: EXAMINERS' AND PERFORMANCE REPORT

134

1.3.3 NBAA Best Female Prizes: In motivating female candidates to work harder in their studies and perform better in the Board’s examinations, two categories of prizes shall be offered to female candidates.

1.3.3.1 NBAA Female Prizes:

This prize shall be offered to a female candidate as long as the score in aggregate in a level is 70% and above in ATEC examinations and 60% and above in professional examinations.

Code and Subject Name Name Index

No. Amount Tshs.

Accounting Technician Level I

No Candidate qualified for the award.

50,000

Accounting Technician Level II

No Candidate qualified for the award.

50,000

Foundation Level No Candidate qualified for the award.

60,000

Intermediate Level No Candidate qualified for the award.

80,000

Final Level No Candidate qualified for the award.

100,000

1.3.3.2 NBAA Best Graduate Female Prizes

The second category of prize is the Best Graduate Prize which is to be offered to the female candidates who scores highest marks in aggregate among female candidates in ATEC II or CPA (T).

The following female candidates qualify for the award:

Level Name Index No. Amount Tshs.

ATEC GRADUATE MWASALANGA, MERCY L.

2028485 250,000

CPA (T) GRADUATE MURO, GLORIA J. 5027700 500,000

Page 147: EXAMINERS' AND PERFORMANCE REPORT

135

2.0 PRIZES FROM SPONSORING INSTITUTIONS In support of the Board’s effort to improve candidates’ examination performance a number of professional progressive institutions have willingly offered different prizes for the best performers.

The names of organizations and amounts offered in each examination session are indicated hereunder:

1 PricewaterhouseCoopers Prizes: 1.1 PricewaterhouseCoopers: Auditing and Assurance (C2) Prize Tshs.600,000 1.2 PricewaterhouseCoopers: Best CPA (T) Graduate Prize Tshs.1,000,000 1.3 Best Female CPA (T) Graduate Tshs.500,000 2 Tanna Sreekumar Grant Thornton Prize: Best CPA (T) Graduate

Prize Tshs.400,000

3 STANBIC Tanzania Ltd Prize: Best CPA (T) Graduate Prize US$ 100 4 TAC Associates Prize: Auditing and Assurance (C2) Prize Tshs.200,000 5 Khatri & Company Prize: Corporate Reporting (C1) Prize Tshs.200,000 6 Ernst & Young Prize: Auditing and Assurance (C2) Prize Tshs.310,000 7 IPP Prize: Best CPA (T) Graduate Prize Tshs.200,000 8 TaxPlan Associates Prize: Best Public Finance and Taxation II (C4)

Prize Tshs.400,000

9 TIB Development Bank Ltd:International Finance Prizes 1st TIB: Business and Corporate Finance (C3) Prize 2nd TIB: Business and Corporate Finance (C3) Prize 3rd TIB: Business and Corporate Finance (C3) Prize

Tshs.500,000, Tshs.350,000

& Tshs.200,000

10 Dar es Salaam Stock Exchange Prize: Business and Corporate Finance (C3) Prize

Tshs.150,000

11 Deloitte &Touche Prize: Auditing and Assurance (C2) Prize Tshs.500,000 12 Capital Markets and Securities Authority Prize: Best Financial

Management (B1) Prize Tshs.100,000

13 KPMG Prize: Best CPA (T) Graduate Prize US$ 100 14 Accountant General’s Office Prizes: 14.1 Best CPA (T) Graduate Overall Prize Tshs.800,000 14.2 Auditing and Assurance (C2) Prize Tshs.500,000 14.3 Performance Management (B5) Prize Tshs.500,000 14.4 Best Core Subject Prizes: 14.4.1 Accounting (A3) Prize Tshs.30,000 14.4.2 Business Information (A4) Prize Tshs.30,000 14.4.3 Financial Management (B1) Prize Tshs.50,000 14.4.4 Financial Accounting (B2) Prize Tshs.50,000 14.4.5 Auditing Principles and Practice (B3) Prize Tshs.50,000 14.4.6 Corporate Reporting (C1) Prize Tshs.100,000 14.4.7 Business and Corporate Finance (C3) Prize Tshs.100,000 14.4.8 Public Finance and Taxation II (C4) Prize Tshs.100,000

Page 148: EXAMINERS' AND PERFORMANCE REPORT

136

15 NEXIA SJ Tanzania Accountants & Business Adviser Prize: 15.1 NEXIA SJ Tanzania Accountants & Business Adviser: Best

Performance Management (B5) Prize Offer of Employment

15.2 NEXIA SJ Tanzania Accountants & Business Adviser: Best Public Finance and Taxation II (C4) Prize

Offer of Employment

16 Innovex Prizes: 16.1 Innovex Best CPA(T) Graduate Prize Tshs.150,000 16.2 Innovex Best CPA(T) Female Graduate Prize Tshs.150,000 17 CAG Prizes 17.1 CAG: Auditing and Assurance (C2) Prize Tshs.300,000 17.2 CAG: Best CPA (T) Graduate Prize Tshs.100,000 18 Peoples Bank of Zanzibar Prize: Best CPA (T) Graduate Prize Tshs.500,000 19 BM Associates Prizes 19.1 Best CPA(T) Female Graduates Prize Tshs.100,000 19.2 Best ATEC Female Graduates Prize Tshs.50,000 20 TAA Best Candidates’ Prizes 20.1 TAA Best Two ATEC Candidates Prizes Tshs.100,000 20.2 TAA Best Two CPA (T) Candidates Prizes Tshs.200,000 21 RSM Ashvir Prize: Best CPA (T) Graduate Prize Tshs.500,000 &

Employment 22 Cornerstone Financial Consultants Prizes 22.1 Overall Best Candidate in ATEC II Level Prize Tshs.100,000 22.2 Overall Best Candidate in Foundation Level Prize Tshs.100,000 22.3 Overall Best CPA (T) Candidates Prizes Tshs.100,000 23 Watumishi Housing CompanyPrize 23.1 Overall Best Candidate in ATEC II Level Prize 100,000 23.2 Best Financial Management (B1) Prize 100,000 23.3 Performance Management (B5) Prize 200,000 23.4 Corporate Reporting (C1) Prize 200,000

Page 149: EXAMINERS' AND PERFORMANCE REPORT

137

1. PRICEWATERHOUSECOOPERS PRIZES Name of Prize Name of Winner Index No. Amount PWC: AUDITING AND ASSURANCE (C2) PRIZE

SOMBOI, EMMANUEL E. 5027414 600,000

PWC BEST CPA (T) GRADUATE PRIZE

MAGOVA, BARIKI 5026828 1,000,000

BEST FEMALE CPA (T) GRADUATE

MURO, GLORIA J. 5027700 500,000

2. TANNA SREEKUMAR GRANT THORNTON: PRIZES Name of Prize Name of Winner Index No. Amount Tanna Sreekumar Grant Thornton: BEST CPA (T) GRADUATE PRIZE

MAGOVA, BARIKI 5026828 400,000

3. STANBIC TANZANIA LIMITED PRIZES Name of Prize Name of Winner Index No. Amount STANBIC TANZANIA LIMITED BEST CPA [T] GRADUATE PRIZE

MAGOVA, BARIKI 5026828 US$100

4. TAC ASSOCIATES PRIZES Name of Prize Name of Winner Index No. Amount TAC ASSOCIATES: AUDITING AND ASSURANCE (C2) PRIZE

SOMBOI, EMMANUEL E. 5027414 200,000

5. KHATRI AND COMPANY PRIZES Name of Prize Name of Winner Index No. Amount KHATRI AND COMPANY FINANCIAL: CORPORATE REPORTING (C1)

MAGOVA, BARIKI 5026828 200,000

6. ERNST & YOUNG PRIZES Name of Prize Name of Winner Index No. Amount ERNST & YOUNG: AUDITING AND ASSURANCE (C2) PRIZE

SOMBOI, EMMANUEL E. 5027414 310,000

7. IPP BEST CPA (T) GRADUATE PRIZES Name of Prize Name of Winner Index No. Amount IPP BEST CPA (T) GRADUATE PRIZE

MAGOVA, BARIKI 5026828 200,000

Page 150: EXAMINERS' AND PERFORMANCE REPORT

138

8. TAXPLAN ASSOCIATES PRIZES Name of Prize Name of Winner Index No. Amount TAXPLAN ASSOCIATES: PUBLIC FINANCE AND TAXATION II (C4) PRIZE

MAGOVA, BARIKI 5026828 400,000

9. TIB DEVELOPMENT BANK LTD: BANK PRIZES Name of Prize Name of Winner Index No. Amount TIB Development Bank Ltd: BUSINESS AND CORPORATE FINANCE (C3) PRIZE

No Candidate qualified for the award.

500,000

No Candidate qualified for the award.

350,000

No Candidate qualified for the award.

200,000

10. DAR ES SALAAM STOCK EXCHANGE PRIZES Name of Prize Name of Winner Index No. Amount DSE: BUSINESS AND CORPORATE FINANCE (C3) PRIZE

No Candidate qualified for the award.

150,000

11. DELOITTE & TOUCHE PRIZES Name of Prize Name of Winner Index No. Amount DELOITTE & TOUCHE: AUDITING AND ASSURANCE (C2) PRIZE

SOMBOI, EMMANUEL E. 5027414 500,000

12. CAPITAL MARKETS AND SECURITIES AUTHORITY PRIZES Name of Prize Name of Winner Index No. Amount CMSA: BEST FINANCIAL MANAGEMENT (B1) PRIZE

JUMANNE, SELEMANI 4028505 100,000

13. KPMG PRIZES Name of Prize Name of Winner Index No. Amount KPMG: BEST CPA (T) GRADUATE PRIZE

MAGOVA, BARIKI 5026828 US$100

Page 151: EXAMINERS' AND PERFORMANCE REPORT

139

14. ACCOUNTANT GENERAL’S OFFICE PRIZES The Office of the Accountant General offers special prize awards to candidates with excellent performance in the Board’s examinations. The awards worth Tshs.2,440,000 are offered in each examination session.

The conditions of winning the prizes are: A candidate must obtain an overall pass at a single sitting in the first examination attempt and must score a credit pass (60%) or above either overall, or in the subject be awarded a prize in the professional examinations as the case may be. Candidates winning the prizes for the May 2016 examinations are as shown below:

Name of Prize Name of Winner Index No. Amount AG’S: BEST CPA [T] GRADUATE PRIZE

No Candidate qualified for the award.

800,000

AG’S: AUDITING AND ASSURANCE (C2) PRIZE

SOMBOI, EMMANUEL E. 5027414 500,000

AG’S: BEST PERFORMANCE MANAGEMENT (B5) PRIZE

MSEMO, IDDY S. 4028814 500,000

ACGEN’S BEST CORE SUBJECT PERFORMANCE PRIZES ACCOUNTING (A3) PRIZE RAMADHANI, BAKARI

3027485

30,000

BUSINESS INFORMATION (A4) PRIZE

RUKOKERWA, DICKSON E.

3026281

30,000

FINANCIAL MANAGEMENT (B1) PRIZE

JUMANNE, SELEMANI 4028505

50,000

FINANCIAL ACCOUNTING (B2) PRIZE

NINA, OMARI A. 4025612 50,000

AUDITING PRINCIPLES AND PRACTICE (B3) PRIZE

KISIRAGA, FLORA F. 4028787 50,000

CORPORATE REPORTING (C1) PRIZE

MAGOVA, BARIKI 5026828 100,000

BUSINESS AND CORPORATE FINANCE (C3) PRIZE

No Candidate qualified for the award.

100,000

PUBLIC FINANCE AND TAXATION II (C4) PRIZE

No Candidate qualified for the award.

100,000

Page 152: EXAMINERS' AND PERFORMANCE REPORT

140

15. NEXIA SJ TANZANIA ACCOUNTANTS & BUSINESS ADVISERS PRIZES: Name of Prize Name of Winner Index No. Amount NEXIA SJ TANZANIA ACCOUNTANTS & BUSINESS ADVISER: BEST PERFORMANCE MANAGEMENT (B5) Prize

MSEMO, IDDY S. 4028814 Employment

NEXIA SJ TANZANIA ACCOUNTANTS & BUSINESS ADVISER:PUBLIC FINANCE AND TAXATION II (C4) PRIZE

No Candidate qualified for the award.

Employment

16. INNOVEX PRIZES Name of Prize Name of Winner Index No. Amount INNOVEX BEST CPA (T) GRADUATE PRIZE

MAGOVA, BARIKI 5026828 150,000

INNOVEX BEST CPA (T) FEMALE GRADUATE PRIZE

MURO, GLORIA J. 5027700 150,000

17. CONTROLLER AND AUDITOR GENERAL PRIZES Name of Prize Name of Winner Index No. Amount CAG: AUDITING AND ASSURANCE (C2) PRIZE

SOMBOI, EMMANUEL E. 5027414 300,000

CAG: BEST CPA (T) GRADUATE PRIZE

MAGOVA, BARIKI 5026828 150,000

18. PEOPLE’S BANK OF ZANZIBAR PRIZE Name of Prize Name of Winner Index No. Amount PBZ: BEST CPA (T) GRADUATE PRIZE

MAGOVA, BARIKI 5026828 500,000

19. BM ASSOCIATES PRIZES Name of Prize Name of Winner Index No. Amount BM ASSOCIATES: BEST CPA (T) FEMALE GRADUATE PRIZE

MURO, GLORIA J. 5027700 100,000

BM ASSOCIATES: BEST ATEC FEMALE GRADUATE PRIZE

MWASALANGA, MERCY L. 2028485 50,000

Page 153: EXAMINERS' AND PERFORMANCE REPORT

141

20. TANZANIA ASSOCIATION OF ACCOUNTANTS PRIZES Name of Prize Name of Winner Index No. Amount TAA: BEST TWO ATEC CANDIDATE PRIZE

MSOFFE, JOHN W. FURAHISHA, RODES G.

2027528 2028484

50,000

50,000 TAA: BEST TWO CPA (T) CANDIDATE PRIZE

MAGOVA, BARIKI MURO, GLORIA J.

5026828 5027700

100,000

100,000 21. RSM ASHVIR PRIZES

Name of Prize Name of Winner Index No. Amount RSM ASHVIR: BEST CPA (T) GRADUATE PRIZE

MAGOVA, BARIKI 5026828 500,000 & Employment

22. CORNERSTONE FINANCIAL CONSULTANTS PRIZES Name of Prize Name of Winner Index No. Amount CORNERSTONE: OVERALL BEST CANDIDATE IN ATEC II LEVEL PRIZE

MSOFFE, JOHN W. 2027528 100,000

CORNERSTONE:OVERALL BEST CANDIDATE IN FOUNDATION LEVEL PRIZE

RAMADHANI, BAKARI 3027485 100,000

CORNERSTONE :OVERALL BEST CPA (T) CANDIDATES PRIZES

MAGOVA, BARIKI 5026828 100,000

23. WATUMISHI HOUSING COMPANYPRIZE Name of Prize Name of Winner Index No. Amount WATUMISHI HOUSING CO: OVERALL BEST CANDIDATE IN ATEC II LEVEL PRIZE

MSOFFE, JOHN W. 2027528 100,000

WATUMISHI HOUSING CO: BEST FINANCIAL MANAGEMENT (B1) PRIZE

JUMANNE, SELEMANI

4028505 100,000

WATUMISHI HOUSING CO: BEST PERFORMANCE MANAGEMENT (B5) PRIZE

MSEMO, IDDY S. 4028814 200,000

WATUMISHI HOUSING CO: BESTCORPORATE REPORTING (C1)

MAGOVA, BARIKI 5026850 200,000

___________p_________