(NBAA)
THE NATIONAL BOARD OF ACCOUNTANTS AND AUDITORS
TANZANIA
EXAMINERS’ AND PERFORMANCE REPORT
82ND EXAMINATION SESSION – NOVEMBER 2015
NBAA,
Mhasibu House,
Bibi Titi Mohamed Street,
P.O. Box 5128,
Dar es Salaam,
Tanzania.
22ND DECEMBER 2015
Telephones: (022) 2211890-9
Mobile:
0713 320423
Fax:
(022) 2151746
Email:
info@nbaa-tz.org
Website: www.nbaa-tz.org
TABLE OF CONTENTS
Foreword & Acknowledgement ………………………………………
PAGE
(i)
Executive Summary of 82nd Examination session …………………...
(vi)
CHAPTER 1
Analysis of Candidates‟ Performance in the 82nd Examination
Session
1
CHAPTER II
Performance Evaluation Subject-Wise ………………….....................
 Accounting Technician Examination Level I ………..................
 Accounting Technician Examination Level II ………………….
 Foundation Level …………………………………
 Intermediate Level ……………………..................
 Final Level ………………………………………..
4
4
18
32
51
85
CHAPTER III
Examiners‟ Recommendations to Tutors & Students ………………...
107
CHAPTER IV
Institutional Performance Evaluation ………………………………...
115
CHAPTER V
Accounting Manpower Created by the Board up to November 2015
129
TheNBAA
NBAASpecial
SpecialAwards
AwardsProgramme
Programmefor
forCandidates
Candidateswith
with
CHAPTER VI The
Meritorious
MeritoriousExamination
ExaminationAchievements
Achievements…………….........................
…………….........................
133
133
FOREWORD AND ACKNOWLEDGEMENT
________________
The phased out syllabi were tested for the first time in 2008. According to the Board‟s
Examination and Training By-laws, there is a requirement to review the syllabi for both
Accounting Technician and Professional examination schemes after every five years. The
current syllabi which have been tested for the third time this session were launched on 2nd
June 2014. These syllabi are different from the phased out ones. One of the major differences
is the outcome and results objectives of the syllabi. The current syllabi have been developed
in terms of competence based as opposed to knowledge (contents) based approach.
It should be noted that courses and programmes which were reflected in the former syllabi
concentrated on the gaining of knowledge and theory and somehow neglected performance
issues.
The move from the old syllabi has been heavily influenced by the changing environment,
demand by employers and business practices.
The introduction of competence based syllabi came up with fewer subjects: The Accounting
Technician Level has eight subjects as opposed to the phased out syllabus which had nine
subjects while the Professional syllabus has fifteen instead of twenty subjects.
The revised Accounting Technician syllabus continued to maintain a two level structure of
four subjects in each level; ATEC I and ATEC II as detailed below.
Code Name
Accounting Technician Level I
T01
Book keeping and Accounts
T02
Elements of Business Maths & 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
The Professional Examination Scheme also maintained a three level structure:
(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.
i
In total the Professional Examination Scheme have 15 instead 20 subjects in the phased out
scheme as shown hereunder:
Foundation (Knowledge and Skills Level)
Exam Subject Name
Code
A1
Quantitative Techniques
A2
Business and Management
A3
Accounting
A4
Business Information
A5
Business Law
Intermediate (Skills and Analysis in Context Level)
Exam Subject Name
Code
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 Subject Name
Code
C1
Corporate Reporting
C2
Auditing and Assurance Services
C3
Business and Corporate Finance
C4
Public Finance and Taxation II
Implementation of the new syllabi
The development of the new syllabi has led to significant impact to the whole system of
examination and training services as a result other areas were required to be reviewed in order to
be in line with the new syllabi. For effective implementation of these new syllabi the following
areas have been reviewed:
(a)
Review of Examination and Training By-laws to reflect the new syllabi
The Board has been forced to review the Examination and Training By-laws. The revised
Examination and Training by-laws has included among others the following provisions:


Retaining of a passed grade in an examination, „pass one and keep one‟
Exemption granted on subject to subject basis in the Accounting Technician and
Foundation levels
A requirement for any foreign qualification to do CPA examination papers on law
and taxation, save for the East African Community Countries‟ professional
qualifications which their requirement have been provided in a Mutual
Recognition Agreement (MRA)
ii



(b)
Sanctions and penalties (to cover everybody associated with examination
procedures)
Examination rules and procedures
Establishment of Examination Disciplinary Committee
Conversion Scheme
For effective implementation of the new syllabi the Board has prepared a conversion
scheme which shows how candidates under the existing syllabi are transferred to the
revised examination scheme and syllabi.
The scheme aims at ensuring that candidates under the current examination scheme are
fairly placed in the revised syllabi by considering the subject papers that have already
been passed so that they can get exemption (a credit) on them.
(c)
Exemption Policy
The Board has also reviewed its exemption policy in order to suit the demands of the
new syllabi. Under the previous examination scheme and syllabi, the exemption policy
generally considered exemptions on the basis of subject to subject. This applies from
Accounting Technician Level I up to Foundation Stage. This means that holders of
various qualifications are granted exemption in those papers which they have
demonstrated a sufficient coverage of course content in their respective previous
programmes. Exemption is not granted at the intermediate (skills and analysis) level and
final (professional analysis, application and evaluation) level.
(d)
Learning Materials: For effective implementation of the new syllabi NBAA has
introduced learning materials for each subject. A candidate who applies for the
examination for the first time is provided with a package of learning materials for the
respective subject(s). This has been taken as one way of improving candidates‟
performance in the Board‟s examinations. Although candidates are supposed to also read
other books, the learning materials that have been prepared are used to guide and give
them a direct focus on what ought to be covered in a respective subject.
ACCOUNTING MANPOWER
Since the inception of the Accounting Technician examinations the Board has been able to
produce 13,861 Accounting Technicians. This category of Accounting Technicians covers 3,607
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 6,885 CPA (T) graduates since it started conducting
these examinations in May, 1975. In total, the Board has been able to produce 20,746 accounting
personnel (manpower) of different levels and categories serving both in public and private sectors
inside and outside Tanzania.
iii
EXAMINATION CENTRES
During the 82nd examination session, examinations were held in 11examination centres located in
Tanzania Mainland and Zanzibar. These centres accommodated 5,679 candidates sitting at
different levels of the Board‟s examinations. The examination centres were as shown here below:
Dar Es Salaam Centres
1.
2.
3.
Patel Brotherhood
Sabasaba Grounds
Lamada Hotel Ltd
Upcountry centres
1.
2.
3.
4.
5.
6.
7.
8.
Arusha- Institute of Accountancy Arusha (IAA)
Dodoma- CBE – College of Business Education
Kilimanjaro -Young Men Christian Association (YMCA) Moshi
Mbeya- Mkapa Conference Centre
Morogoro- CCT Women‟s Training Centre
Mwanza- Gold Crest Hotel
Tanga- St. Joseph‟s Commercial School (SJCS) – Tanga
Zanzibar- Chuo cha Elimu Mbadala - Zanzibar
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 2016.
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 the Board‟s Examiners, Markers, Invigilators, the Board‟s Secretariat, the
Education and Publications Committee and the Governing Board for their much appreciated cooperation during the whole process of the NBAA‟s 82nd examination session.
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,
Pius A. Maneno
EXECUTIVE DIRECTOR
v
EXECUTIVE SUMMARY TO THE 82nd EXAMINATION SESSION – NOVEMBER 2015
1.0
PREAMBLE:
The Board conducts its examinations twice in a year during the months of May and
November. This session is the 82nd examination session in which the examinations were
conducted from Tuesday 3rd to Friday 6th November 2015.
There were 6,404 candidates who applied for the examinations, out of whom 725 (11.3%)
were absent, 5,679 sat for the examinations at different levels. The candidature
distribution this session is as shown below:
EXAMINATION
LEVELS
CANDIDATES
APPLIED
CANDIDATES
ABSENT
%
CANDIDATES
SAT
%
9
7.5
111
92.5
11
7.6
134
92.4
407
43
10.6
364
89.4
Intermediate
3,617
503
13.9
3,114
86.1
Final
2,115
159
7.6
1,956
92.5
6,404
725
11.3
5,679
88.7
TECHNICIAN LEVELS
120
ATEC I:
145
ATEC II:
PROFESSIONAL LEVELS
Foundation
TOTALS
vi
2.0
TREND OF THE EXAMINATION CANDIDATURE
2.1
Candidature Exam Sitting
Candidature enrolment this session has slightly decreased by 107 candidates
(1.9%) compared with the November 2014 examination session. There were
5,679 candidates who sat for the November 2015 examinations against 5,786
candidates who sat for the November 2014 examinations.
Table 1 and Graph 1 show candidature trend (candidates who sat for the
examinations) for the six examination sessions: May 2013 to November 2015.
Table 1
EXAMINATION CANDIDATURE TREND FOR THE PRECEDING SIX EXAMINATION
SESSIONS MAY 2013 TO NOVEMBER 2015
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
vii
2.2
Candidature Distribution – November 2015
Candidature distribution for the November 2015 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 Distribution – November 2015
ATEC I , 111, 2%
ATEC II , 134, 2%
FINAL, 1,956, 35%
FOUNDATION, 364, 6%
ATEC I
ATEC II
FOUNDATION
INTERMEDIATE
FINAL
INTERMEDIATE,
3,114, 55%
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 B5Performance Management subject who were referred in P19 Management Accounting in
the previous syllabus. Out of 3,114 candidates who sat for the Intermediate Level
examinations 2,783 (89.4%) sat for Performance Management subject.
viii
3.0
EXAMINATION PERFORMANCE
3.1
Pass rates for examination levels tested in November 2015
Table 2 (i) below shows pass rates in November 2015 examination session
EXAMINATION LEVEL
ATEC I
Passed
Part passed
NUMBER OF PASSES
PERCENTAGE
31
41
27.9
36.9
37
49
27.6
36.6
152
133
41.8
36.5
INTERMEDIATE
Passed
Part passed
426
1,050
13.7
37.7
FINAL
Passed
Part passed
167
594
8.5
30.4
TOTAL PASSES
Passed
Part passed
813
1,867
14.3
32.9
ATEC II
Passed
Part passed
FOUNDATION
Passed
Part passed
NOTE:
Among the candidates who passed Intermediate and Final Levels there were two (02)
candidates with foreign qualifications.
Table (ii) below shows number of candidates with foreign CPA equivalent
qualification who sat and cleared the subjects with local contents
Subject
Number of entries
00
01
02
A5 Business Law
B4 Public Finance and Taxation I
C4 Public Finance and Taxation II
These candidates are eligible for the award of letters of success and certificates to enable
them register as NBAA members.
ix
3.2
Examination Performance by Gender:
Examination performance by gender in the five examination levels is as indicated on Table 3 below:
Passes
Female
Male
Total
Partial Passes
Female
Male
Total
Failures
Female
Male
Total
Total
Female
Male
Total
No.
%
No.
%
No.
%
No.
%
No.
%
No.
%
No.
%
No.
%
No.
%
No.
%
No.
%
No.
%
ATEC Level I
23
74
8
26
31
100
25
61
16
39
41
100
16
41
39
100
16
41%
71
64
40
36
111
100
ATEC Level II
20
54
17
46
37
100
30
61
19
39
49
100
21
44
48
100
21
44%
77
57
57
43
134
100
105
69
47
31
152
100
82
62
51
38
133
100
42
53
79
100
42
53%
224
62
140
38
364
100
286
67
140
33
426
100
625
60
425
40
1050
100
582
36
1638
100
582
36%
1967
63
1147
37
3114
100
Final Level
97
58
70
42
167
100
383
64
211
36
594
100
417
35
1195
100
417
35%
1258
64
698
36
1956
100
TOTAL
531
65
282
35
813
100
1145
61
722
39
1867
100
1078
36
2999
100
1078
36%
3597
63
2082
37
5679
100
Foundation
Level
Intermediate
Level
x
CHAPTER I
ANALYSIS OF CANDIDATES’ PERFORMANCE IN THE
82ND EXAMINATION SESSION – NOVEMBER 2015
OVERALL CANDIDATES' PERFORMANCE
During the 82nd examination session 6,404 candidates were registered for the Board‟s
examinations held in November, 2015, out of whom 725 (11.3%) candidates were absent from the
examinations, 5,679 candidates sat for the examinations. Of the 5,679 candidates who sat for the
examinations, 813 (14.3%) candidates passed while 1,867 (32.9%) candidates part passed and a
total of 2,999 (52.8%) candidates failed the examinations. (See Table 5 on page 3).
ACCOUNTING TECHNICIAN CERTIFICATE (ATEC) - LEVEL I
The November 2015 examination session was the 3rd session since the review of the examinations
structure and syllabi of ATEC. 120 candidates registered themselves for the examination. 9
(7.5%) candidates were absent. 111 candidates sat for the examination, out of whom 31 (27.9%)
passed hence becoming eligible for a STATEMENT OF SUCCESS at this level. 41 (36.9%)
candidates are part passed while a total of 39 (35.1%) 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 third time this session following the review of the examination structure and syllabi.
In this examination, 145 candidates registered themselves for the examination out of whom 11
(7.6%) candidates were absent. Of the 134 candidates who wrote the examination, 37 (27.6%)
candidates passed hence becoming eligible for a STATEMENT OF SUCCESS at this level. 49
(36.6%) candidates have part passed while a total of 48 (35.8%) 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
third time this session following the review of the examination structure and syllabi.
In this examination, 407 candidates registered themselves for the examination out of whom 43
(10.6%) candidates were absent. Of the 364 candidates who wrote the examination, 152 (41.8%)
candidates passed hence becoming eligible for a STATEMENT OF SUCCESS at this level. 133
(36.5%) candidates have part passed while a total of 79 (21.7%) candidates failed the
examination. (See Table 5 on page3).
1
INTERMEDIATE LEVEL
The Intermediate Level examinations consist of six subjects. As with the Foundation Level
examinations, these subjects were tested for the second time this session following the review of
the examination structure.
In this examination, 3,617 candidates registered themselves out of whom 503 (13.9%) candidates
were absent. Of the 3,114 candidates who wrote the examination, 426 (13.7 %) candidates passed
hence becoming eligible for a STATEMENT OF SUCCESS at this level. 1050 (33.7%)
candidates have part passed while a total of 1,638 (52.6%) 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
second time following review of the examination structure.
In this examination, 2,115 candidates registered themselves for Final Level examinations, out of
whom 159 (7.5%) candidates were absent. Of the 1,956 candidates who wrote the examination,
167 (8.5%) candidates passed, hence becoming eligible for a STATEMENT OF SUCCESS at
this Level. 594 (30.4%) candidates have part passed while a total of 1,195 (61.1%) candidates
failed the examination. (See Table 5 on page3).
CANDIDATES QUALIFYING FOR THE PROFESSIONAL CERTIFICATE OF COMPLETION
In this examination session, 42 candidates qualify for the certificate of completion of the ATEC
programme, comprising 18 (42.9%) female candidates and 24 (57.1%) male candidates.
The breakdown of the 42 candidates qualifying for the Accounting Technician Certificate:
 08 (19.1%) passed T03 subject in ATEC I while they had already cleared ATEC II
examination papers in the previous examination sessions
 03 (7.1%) have passed both T03 subject and ATEC II examinations
 31 (73.8%) passed ATEC II examinations this session
On the other hand 270 candidates qualify for the certificate of completion of the CPA programme,
comprising 54 (20.0%) female candidates and 216 (80.0%) male candidates.
The breakdown of the 270 candidates qualifying for the CPA (T):
 36 (13.3%) passed both Intermediate and Final Level examinations
 143 (53.0%) have passed Intermediate Level. These were the ones who had remained
with one subject.
 91 (33.7%) passed Final Level examinations this session
2
TABLE 5
GENERAL STATISTICAL ANALYSIS OF EXAMINATION RESULTS
82ND EXAMINATION SESSION – NOVEMBER 2015
EXAMINATION
ATEC I
ATEC II
FOUNDATION
INTERMEDIATE
NO.
%
NO.
%
NO
%
NO.
%
120
100
145
100
407
100
3617
100
9
7.5
11
7.6
43
10.6
503
CANDIDATES WHO
SAT
111
92.5
134
92.4
364
89.4
PART PASSED
41
36.9
49
36.6
133
PASSED
31
27.9
37
27.6
FAILURES
39
35.1
48
TOTAL
111
100
134
ENTRIES
ABSENTEES
FINAL
%
NO.
%
2115
100
6404
100
13.9
159
7.6
725
11.3
3114
86.1
1956
92.4
5679
88.7
36.5
1050
33.7
594
30.4
1867
32.9
152
41.8
426
13.7
167
8.5
813
14.3
35.8
79
21.7
1638
52.6
1195
61.1
2999
52.8
100
364
100
3114
100
1956
100
5679
100
3
NO
TOTAL
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 2015 examination is the third 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)
(b)
(c)
(d)
(e)
Accounting Technician Level I with four papers;
Accounting Technician Level II with four papers;
The Foundation Level with five papers;
The Intermediate Level with six papers;
The Final Level with four papers
ACCOUNTING TECHNICIAN LEVEL I
GENERAL PERFORMANCE
111 candidates sat for the ATEC I examinations. The performance indicates that 31
(27.9%) candidates passed and therefore become eligible for the STATEMENT OF
SUCCESS FOR ATEC I. 41 (36.9%) candidates have passed some of the subjects in
this level while 39 (35.1%) candidates failed the examinations.
The general performance subject-wise is as shown in Table 6.1 below:
TABLE 6.1
ATEC I SUBJECT-WISE PERFORMANCE ANALYSIS
Paper
Code
T.01
T.02
T.03
T.04
Subject
Book keeping and Accounts
Elements of Business Maths and
Statistics
Introduction to Information and
Communication Technology
Business Communication Skills
Performance
May 2015
November 2014
Entries
Pass
%
53
41
77.4
72
70
43
61.4
156
73
46.8
54
34
62.9
4
Entries
Pass
November 2015
%
Entries
Pass
%
51
70.8
55
40
72.7
81
45
55.6
70
12
17.1
148
82
55.4
96
53
55.2
71
55
77.5
60
41
68.3
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 statement 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 question which 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 55
candidates who answered the question, 47 (85.5%) candidates passed
while the remaining 8 (14.5%) candidates failed. Out of those who
passed 29 (52.7%), 14 (25.5%) and 04 (7.3%) candidates scored pass,
credit and distinction marks respectively
There were no major weaknesses noted in this question.
QUESTION 2: A. PREPARATION OF FINANCIAL STATEMENTS
B. PREPARATION OF A TRIAL BALANCE
Candidates were required to use the given information to:
(a)
(b)
(c)
(d)
Journalize transactions with narratives
Open ledger accounts (T-accounts)
Prepare a statement of profit or loss
Prepare the trial balance for the given period
Candidates‟ performance in this question was not satisfactory. Out of 55
candidates who answered the question only 24 (43.6%) candidates
passed while the remaining 31 (56.4%) candidates failed. Out of those
who passed 18 (32.7%) and 06 (10.9%) candidates scored pass and
credit marks respectively. No candidate scored distinction marks in this
question.
5
Most candidates failed to recognise the nature of double entry system in
journalising the transactions and subsequently use the same transactions
with the opening balances given to close the T-accounts.
QUESTION 3: A. ACCOUNTING EQUATION AND PRINCIPLE OF DOUBLE
ENTRY
B. PREPARATION OF CASH BOOK AND PETTY CASH
Candidates were required to use the provided information to:(a) (i) Define an accounting cycle.
(ii) List the steps in accounting cycle.
(b) Compute capital for the given new business.
(c) Prepare a three column cash book at a given month.
Candidates‟ performance in this question was satisfactory. Out of 55
candidates who answered the question, 24 (44.0%) candidates passed
while the remaining 31 (56.0%) candidates failed. Out of those who
passed 19 (34.5%) and 05 (9.5%) candidates scored pass and credit
marks respectively. No candidate scored distinction marks in this
question.
Some candidates seem to know the answer but encounter difficulties in
giving appropriate explanations.
6
IV:
GENERAL OBSERVATIONS
(a) Assessment of the paper
The panel of examiners observed that the 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 55
candidates who answered the examination, 40 (72.7%) candidates passed
while the remaining 15 (27.3%) candidates failed. Out of those who passed
33 (60.0%), 06 (10.9%) and 01 (1.8%) 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 6.1.1
T01 – CANDIDATES’ PERFORMANCE ANALYSIS
Classification of Marks
No. of Candidates (Frequency)
Percentage
0-49
50-69
70-79
80-100
TOTAL
15
33
06
01
55
27.3
60.0
10.9
1.8
100
TABLE 6.1.2
T.01. COMPARISON OF PASS RATE WITH NOVEMBER 2014 EXAMINATIONS
November 2014
No. of candidates passed
41
November 2015
No. of candidates
%
passed
40
72.7
%
77.4
7
% decrease
4.7
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 question which carried 40%.
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 not satisfactory. Out of 70
candidates who answered the question only 25 (35.7%) candidates
passed while the remaining 45 (64.3%) candidates failed. Out of those
who passed 23 (32.8%) and 02 (2.9%) candidates scored pass and credit
marks respectively. No candidate scored distinction marks in this
question
Most candidates failed in computation of series, probability, harmonic
mean, percentages, making linear equation, and determination of slope.
QUESTION 2: A. ELEMENTARY MATHEMATICS
B. MATHEMATICS OF FINANCE
Candidates were required to:(a) (i) Calculate percentage annual decrease from the given
information.
(ii) Estimate the year in which there will be 5,000 given animals
left.
(b) Find time for doing a combined job between a man and a child.
(c) Find the price that will materialize to the given profit rate.
Candidates‟ performance in this question was not satisfactory as all 70
candidates who answered the question failed.
Most candidates could not identify a formula to use (diminishing balance
formula). In addition, they failed to apply the actions and proportions
knowledge to solve the question.
8
QUESTION 3: A. PERMUTATION AND CONTRIBUTION
B. BASIC ARITHMETIC
C. ELEMENTARY MATHEMATICS
D. EQUATIONS AND INEQUALITIES
Candidates were required to:
(a) Determine ways that committee can be formed based on the given
statement.
(b) Find the sum of all natural numbers which are divisible by 7 at a
given range.
(c) Calculate the length of each piece based on the given statement.
(d) Show that if  and β are the roots of the given equation, then the
quadratic equation whose roots are 2, β2 is given by another
equation.
Candidates‟ performance in this question was not satisfactory. Out of 70
candidates who answered the question only 05 (7.1%) candidates scored
pass marks while the remaining 65 (92.9%) candidates failed. There
were neither credit nor distinction marks in this question.
With reference to the topics examined, the candidates lack basic skills
on how to apply the concepts as a result majority of them scored fail
marks.
QUESTION 4: A. MATRICES
B. MEASURES OF CENTRAL TENDENCY
C. MEASURES OF DISPERSION
Candidates were required to:
(a)
(b)
(c)
(d)
(e)
Prepare a categorical frequency distribution.
Identify and interpret the modal response.
Determine whether given matrix is invertible. If invertible,
compute the inverse.
Calculate the student‟s overall class average from the given table.
Show who is relatively more overweight compared to his/her age
group from the given information.
Candidates‟ performance in this question was not satisfactory. Out of 70
candidates who answered the examination only 20 (28.6%) candidates
passed while the remaining 50 (71.4%) candidates failed. Out of those
who passed 19 (27.2%) and 01 (1.4%) candidates scored pass and credit
marks respectively. No candidate scored distinction marks in this
question.
Most of the candidates failed to use weighted mean to compute average
and Z-score to compute position of raw data.
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, length of
questions and level of candidates.
Marks distribution was done evenly to each question. Generally, candidates
expressed poor background of mathematics.
(b)
Candidates’ overall performance
Candidates‟ performance in this examination paper was not satisfactory.
Out of 70 candidates who answered the examination only 12 (17.1%)
candidates scored pass marks while the remaining 58 (82.9%) candidates
failed. There were neither credit nor distinction marks in this questions.
The candidates‟ over-all performance in the subject is as shown on table
6.1.3 below:
TABLE 6.1.3
T.02 CANDIDATES’ PERFORMANCE ANALYSIS
Classification of Marks
No of Candidates (Frequency)
0-49
58
50-69
12
70-79
00
80-100
00
TOTAL
70
82.9
17.1
0.0
0.0
100
Percentage
TABLE 6.1.4
T.02. COMPARISON OF PASS RATE WITH NOVEMBER 2014
EXAMINATIONS
November 2014
No. of candidates passed
November 2015
%
No. of candidates
% decrease
%
passed
43
61.4
10
12
17.1
44.3
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 question which carried 60%.
III:
TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE
QUESTION 1: VARIOUS TOPICS
Candidates were required to;
(a)
(b)
(c)
Choose the best answer from the four given alternatives (A, B, C
or D).
State whether the given statements were true or false.
Pear each phrase from LIST A with the phrase from LIST B
appropriately.
Candidates‟ performance in this question was satisfactory. Out of 96
candidates who answered the question, 58 (60.4%) candidates passed
while the remaining 38 (39.6%) candidates failed. Out of those who
passed 53 (55.2%), 04 (4.2%) and 01 (1.0%) candidates scored pass,
credit and distinction marks respectively.
There were no weakness noted in this question.
QUESTION 2: A. COMMONLY USED APPLICATION PACKAGES
Candidates were required to:(a) (i) Explain the benefits of managing data by using database approach.
(ii) State limitations of a database approach.
(b) Explain major conceptual databases:(i) Operational database
(ii) Data warehouse
(iii) Distributed database
(c)
Write short notes on the following Data Base Management Systems:
(i) Transaction
(ii) Transaction scheduling
(iii) Serializability
Candidates‟ performance in this question was satisfactory. Out of
96 candidates who answered the question, 51 (53.1%) candidates
passed while the remaining 45 (46.9%) candidates failed. Out of
11
those who passed 39 (40.6%), 07 (7.3%) and 05 (5.2%) candidates
scored pass, credit and distinction marks respectively.
Some candidates were unable to write short notes on transaction,
transaction scheduling and serializability.
QUESTION 3: A. DATA COMMUNICATION SYSTEMS
B. INTERNET AND E-COMMERCE
C. COMPUTER SOFTWARE
Candidates were required to use the provided information to;
(a) Explain whether the following network typologies need to manage
collisions. If so, describe mechanism of handling collisions.
(i)
Bus
(ii)
Ring
(iii)
Star
(b) List two items of hardware or services needed to connect a
standalone computer to the internet.
(c) Identify with examples four types of software needed on personal
computer to get popular internet services and to maintain security.
(d) Explain the meaning of the term “protocol”.
(e) Explain the following protocols:(i)
IP/TCP
(ii)
HTTP
(iii)
FTP
(iv)
POP3
Candidates‟ performance in this question was not satisfactory. Out of 96
candidates who answered the question only 08 (8.3%) candidates scored
pass marks while the remaining 88 (91.7%) candidates failed. There were
neither credit nor distinction marks in this questions.
Majority of candidates could not understand the question. Instead of
explaining how the topologies could handle collision, they described the
terms. Also majority could not explain the protocols IP/TCP, HTTP, FTP
and POP3.
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 96 candidates who answered the examination, 53 (55.2%) candidates
passed while the remaining 43 (44.8%) candidates failed. Out of those
who passed 51 (53.2%), 01 (1.0%) and 01 (1.0%) candidates scored pass,
credit and distinction marks respectively
The candidates‟ over-all performance in the subject is as shown on table
6.1.5 below:
TABLE 6.1.5
T.03 CANDIDATES’ PERFORMANCE ANALYSIS
Classification of Marks
0-49
50-69
70-79
80-100
TOTAL
43
51
01
01
96
44.8
53.2
1.0
1.0
100
No. of Candidates (Frequency)
Percentage
TABLE 6.1.6
T.03 COMPARISON OF PASS RATE WITH NOVEMBER 2014
EXAMINATIONS
November 2014
November 2015
No. of candidates passed
%
73
46.8
13
No. of candidates
passed
53
% increase
%
55.2
8.4
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: WRITING SKILLS IN BUSINESS CORRESPONDENCES
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 by explaining the meaning and
importance of customer care given with at least 150 words.
(b) Basing on the passage define the following concepts:(i) Customer
(ii) Customer service
(iii) Customer satisfaction.
Candidates‟ performance in this question was satisfactory. Out of 60
candidates who answered the question 53 (88.3%) candidates passed
while the remaining 07 (11.7%) candidates failed. Out of those who
passed 14 (23.3%), 13 (21.7%) and 26 (43.3%) candidates scored pass,
credit and distinction marks respectively
Some candidates were unable to write proper sentences; also, they were
unable to write a summary using their own words (paraphrasing).
QUESTION 2: DEMONSTRATE A MASTERY USE OF ENGLISH LANGUAGE
Candidates were required to use the given information to:(a) Change the tenses from past to present continuous tense.
(b) Identify the type of tense of the words in bold.
(c) Correct sentences.
(d) Re-write sentences according to instructions provided.
Candidates‟ performance in this question was satisfactory. Out of 60
candidates who answered the question, 27 (45.0%) candidates passed
while the remaining 33 (55.0%) candidates failed. Out of those who
passed 15 (25.0%), 10 (16.7%) and 02 (3.3%) candidates scored pass,
credit and distinction marks respectively.
Most candidates were poor in tenses, prepositions and sentence
construction.
14
QUESTION 3: WRITING SKILLS IN BUSINESS CORRESPONDENCES
Candidates were required to use the given information to:
(a) Define a business report.
(b) Identify and explain at least eight essential parts of a good business
report.
Candidates‟ performance in this question was not satisfactory. Out of 60
candidates who answered the question, only 24 (40%) candidates passed
while the remaining 36 (60.0%) candidates failed. Out of those who
passed 10 (16.7%), 03 (5.0%) and 11 (18.3%) candidates scored pass,
credit and distinction marks respectively.
Most candidates were unable to list and explain the components of a
good business report. In some instances they listed them without
explaining.
QUESTION 4: A DEMONSTRATION OF SPEAKING SKILLS
B DEMONSTRATION OF A MASTERY USE OF ENGLISH
LANGUAGE
Candidates were required to use the given information to:(a) Punctuate the given paragraph concerning communication through
speaking.
(b) Identify and explain any five C‟s of effective business
communication.
Candidates‟ performance in this question was not satisfactory. Out of 60
candidates who answered the question only 23 (38.3%) candidates
passed while the remaining 37 (61.7%) candidates failed. Out of those
who passed 11 (18.3%), 03 (3.3%) and 10 (16.7%) candidates scored
pass, credit and distinction marks respectively
The candidates were unable to list and explain five C‟s of effective
communication.
QUESTION 5: WRITING SKILLS IN BUSINESS CORRESPONDENCES
The candidates were required to use the given information to;
(a) Write an application letter for the post advertised by the given
company.
(b) Identify and explain any five C‟s of effective business
communication.
Candidates‟ performance in this question was satisfactory. Out of 60
candidates, 53 (88.3%) candidates passed while the remaining 07
15
(11.7%) candidates failed. Out of those who passed 26 (43.3%), 16
(26.7%) and 11 (18.3%) candidates scored pass, credit and distinction
marks respectively.
Most candidates were unable to write organised and clear ideas in this
question. The candidates were very familiar with format of business
letter, but were unable to write coherently and correctly the content of
the letter.
QUESTION 6: A. VARIOUS TOPICS – MULTIPLE CHOICE
B. WRITING SKILLS IN BUSINESS CORRESPONDENCES
Candidates were required to:
(a) Choose the most correct answer from the given alternatives.
(b) Describe the “email etiquette”.
(c) Write whether the given statements were true or false.
Candidates‟ performance in this question was satisfactory. Out of 60
candidates, 49 (81.7%) candidates passed while the remaining 11
(18.3%) candidates failed. Out of those who passed 44 (73.3%), 01
(1.7%) and 04 (6.7%) candidates scored pass, credit and distinction
marks respectively
Candidates were unable to explain an e-mail etiquette. Most of the
candidates got wrong on this and others skipped answering this subsection.
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 60 candidates who answered the examination, 41 (68.3%)
candidates passed while the remaining 19 (31.7%) candidates failed.
Out of those who passed 31 (51.7%), 09 (15.0%) 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 6.1.7
below:
TABLE 6.1.7
T.04 CANDIDATES’ PERFORMANCE ANALYSIS
Classification of Marks
0-49
50-69
70-79
80-100
TOTAL
19
31
09
01
60
31.7
51.7
15
1.7
100
No. of Candidates (Frequency)
Percentage
TABLE 6.1.8
T.04
COMPARISON OF PASS RATE WITH NOVEMBER 2014 EXAMINATIONS
November 2014
No. of candidates passed
34
November 2015
%
62.9
No. of candidates passed
41
17
% increase
%
68.3
5.4
ACCOUNTING TECHNICIAN EXAMINATION LEVEL II
GENERAL PERFORMANCE
In this level, 134 candidates sat for the examinations, out of whom 37 (27.6%) passed, 49
(36.6%) candidates passed various subjects in this level while 48 (35.8%) failed the
examination. The 37 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 7.1 below:
TABLE 7.1
ATEC II SUBJECT-WISE PERFORMANCE ANALYSIS
Paper
Code No.
T.05
T.06
T.07
T.08
Subject
November 2014
Entries Pass
%
Principles of
Accounting and
108
Auditing
Principles of Cost
Accounting and
84
Procurement
Elements of
Commercial
Knowledge,
Management
95
Practices and
Taxation
Accounting
for
Public Sector and
89
Cooperatives
Performance
May 2015
Entries Pass
%
November 2015
Entries
Pass
%
61
56.5
97
37
38.1
115
54
46.9
63
75.0
72
44
61.1
80
25
31.3
84
88.4
65
44
67.7
73
53
72.6
43
48.3
90
40
44.4
98
44
44.9
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
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:
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 115
candidates who answered the question 83 (72.2%) candidates passed
while the remaining 32 (27.8%) candidates failed. Out of those who
passed 57 (49.9%), 15(13.0%) and 11 (9.6%) candidates scored pass,
credit and distinction marks respectively.
Candidate‟s weakness is that some of the candidates did not follow the
examination instruction as it were required.
QUESTION 2: FINANCIAL RATIOS ANALYSIS.
(a) Candidates were required to use the given information about
company‟s records to calculate the following:
(i)
Current ratio
(ii)
Quick ratio
(iii)
Working capital
(b) List at least five factors in which analysis and interpretation of
financial ratios depend.
Candidates‟ performance in this question was not satisfactory. Out of 115
candidates who answered the question, only 44 (38.3%) candidates passed
while the remaining 71 (61.7%) candidates failed. Out of those who
passed 26 (22.7%), 9 (7.8%) and 9 (7.8%) candidates scored pass, credit
and distinction marks respectively
The major weakness noted in this question is that candidates who failed
were weak in calculations.
QUESTION 3: (a) CONTEXT AND PURPOSE OF PRINCIPLES OF
ACCOUNTING
(c) STATEMENTS OF CASH FLOWS
Candidates were required to use the given information to:
(a)
Define the following elements of financial statements:
(i) Assets
(ii) Liabilities
(iii) Equity
(b) Explain why inventory is an asset of a company.
(c) Use the given extract from the give company‟s statement of
comprehensive income to:
(i) Prepare a reconciliation of profit from operations to net
cash from operating activities using the indirect method.
(ii) Calculate the net cash from operating activities using the
direct method.
19
Candidates‟ performance in this question was not satisfactory. Out
of 115 candidates who answered the question, only 14 (12.2%)
candidates passed while the remaining 101 (87.8%) candidates
failed. Out of those who passed 07 (6.2%), 02 (1.7%) and 05
(4.3%) candidates scored pass, credit and distinction marks
respectively
Most of candidates failed to prepare cash flow from operating
activities in using direct methods.
QUESTION 4: (a) INTRODUCTION TO AUDITING
(b) DEFINITIONS AND CONCEPTS IN AUDITING
Candidates were required to use the given information to:(a) Briefly explain the similarities and differences between internal and
external audits.
(b)Briefly explain five threats that may undermine independence,
objectivity and professional ethics of an auditor.
Candidates‟ performance in this question was satisfactory. Out of 115
candidates who answered the question 73 (63.5%) candidates passed
while the remaining 42 (36.5%) candidates failed. Out of those who
passed 46 (40.0%), 14 (12.2%) and 13 (11.3%) candidates scored pass,
credit and distinction marks respectively
The major weakness of candidates who failed is lack of techniques of
answering the question. They failed to mention and explain potential
threats that may undermine the auditor`s independence, thus others
mentioned well but gave wrong explanations.
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 115 candidates who answered the examination, 54 (46.9%) candidates
passed while the remaining 61 (53.1%) candidates failed. Out of those
who passed 45(39.1%), 6(5.2%) and 3 (2.6%) candidates scored pass,
credit, and distinction marks respectively
The candidates‟ over-all performance in the subject is as shown on table
7.1.2 below:
TABLE 7.1.2
T.05 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION
OF MARKS
0-49
50-69
70-79
80-100
TOTAL
NO. OF CANDIDATES (FREQUENCY)
PERCENTAGE
61
53.1
45
39.1
6
5.2
3
2.6
115
100
TABLE 7.1.3
T.05 COMPARISON OF PASS RATE WITH NOVEMBER 2014 EXAMINATIONS
November 2014
No. of candidates passed
%
61
56.5
November 2015
No. of candidates passed
54
% decrease
%
46.9
9.6
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:
21
QUESTION 1: VARIOUS TOPICS: MULTIPLE CHOICES
Candidates were required to choose the most correct answers from the
given alternative statements.
Candidates‟ performance in this question was satisfactory. Out of 80
candidates who answered the question, 40 (50.0%) candidates passed
while the remaining 40(50.0%) candidates failed. Out of those who
passed 35 (43.8%), 2 (2.5%) and 3 (3.7%) candidates scored pass, credit
and distinction marks respectively.
There was no major weakness observed in this question.
QUESTION 2 (a) PROCEDURES FOR ACCUMULATING LABOUR COSTS
(b) INTERGRATED AND INTERLOCKING ACCOUNTING
SYSTEMS
Candidates were required to:
(a) Explain any four reasons why cost accounting profit need to be
reconciled with financial accounting profit.
(b) Use the given information to calculate the following ratios:(i) Labour turnover using flux method
(ii) Labour turnover using replacement method
(iii) Labour efficiency ratio
(iv) Labour capacity ratio
Candidates‟ performance in this question was not satisfactory. Out of 80
candidates who answered the question, only 15 (18.8%) candidates scored
pass marks while the remaining 65(81.2%) candidates failed. Out of those
who passed 07 (8.8%), 02 (2.5%) and 06 (7.5%) candidates scored pass,
credit and distinction marks respectively.
Most candidates failed to reason out the need to reconcile cost accounting
profit with financial accounting profit.
QUESTION 3: INTRODUCTION TO PROCUREMENT AND SIMPLE BUDGET
Candidates were required to –
(a) Briefly explain the relationship between the „supply chain‟ and
„supply chain management‟ as used in procurement practice.
(b) Use the given information to regarding a company which
manufactures and sells products to prepare:
(i) Production budget
(ii) Direct material usage budget in quantity
(iii) Direct material purchase budget in units and value
22
Candidates‟ performance in this question was not satisfactory. Out of 80
candidates who answered the question, only 14 (17.5%) candidates passed
while the remaining 66 (82.5%) candidates failed. Out of those who did
pass 1 (1.3%), 7 (8.7%) and 06(7.5%) candidates scored pass, credit and
distinction marks respectively.
Weakness noted in this question was that candidates approached the
question wrongly.
QUESTION4: COST STATEMENTS
Candidates were required to use the given financial information to
prepare:(a)
(b)
(c)
Statement of Profit or Loss to show financial profit.
Cost Statement to show costing profit.
Statement of Reconciliation of financial accounting and cost
accounting profits taking cost accounting profit as a base.
Candidates‟ performance in this question was not satisfactory. Out of 80
candidates, only 12 (15.0%) candidates passed while the remaining 68
(85.0%) candidates failed. Out of those who passed 08 (10.0%), 01
(1.3%) and 03 (3.7%) candidates scored pass, credit and distinction marks
respectively.
Most of candidates who failed they failed to ascertain the cost accounting
profit together with the reconciliation between financial and cost
accounting profits.
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 80 candidates who answered the examination, only 25 (31.3%)
candidates passed while the remaining 55 (68.8%) candidates failed. Out
of those who passed 15 (18.8%), 5 (6.3%) and 5 (6.3%) candidates scored
pass and credit marks respectively in this paper.
The candidates‟ over-all performance in the subject is as shown on table
7.1.4 below:
TABLE 7.1.4
T.06 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF MARKS
NO.
OF
(FREQUENCY)
PERCENTAGE
CANDIDATES
0-49
55
50-69
15
70-79
05
80-100
05
TOTAL
80
68.8
18.8
6.3
6.3
100
TABLE 7.1.5
T.06. COMPARISON OF PASS RATE WITH NOVEMBER 2014 EXAMINATIONS
November 2014
No. of candidates passed
63
November 2015
%
No. of candidates passed
75.0
25
24
% decrease
%
31.3
43.7
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 law, 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
(a) Candidates were required to choose the most correct answer from the
four given alternatives
(b) Indicate whether the given statements were true or wrong.
Candidates‟ performance in this question was satisfactory. Out of 73
candidates who answered the question, 48(66.8%) candidates passed
while the remaining 25 (34.2%) candidates failed. Out of those who
passed 44 (60.3%), and 4 (5.5%) candidates scored pass, and credit
marks respectively. There were no distinction pass in this question.
Most candidates who failed showed they did not have a wide coverage
of all topics tested in this question.
QUESTION 2: TAXATION THEORY
Candidates were required to:
(a) Explain features of “indirect tax”.
(b) Discuss the merits and demerits of indirect tax.
(c) Explain four (4) best principles which are used as basic criteria for
evaluating any tax system.
Candidates‟ performance in this question was satisfactory. Out of 73
candidates who answered the question, 62 (84.9%) candidates passed
while the remaining 11 (15.1%) candidates failed. Out of those who
passed 26 (35.6%), 7 (9.6%) and 29 (39.7%) candidates scored pass,
credit and distinction marks respectively
No major weakness noted in this question.
25
QUESTION 3: LAW OF CONTRACT, PARTNERSHIP AND
PROCUREMENT
Candidates were required to:
(a) Identify and explain the essentials of a valid contract.
(b) State and explain the key contents of a tender document.
(c) Identify the types of partnership business.
(d) Enumerate various factors to consider when selecting a procurement
method.
Candidates‟ performance in this question was satisfactory. Out of 73
candidates who answered the question, 35 (48.0%) candidates passed
while the remaining 38 (52.0%) candidates failed. Out of those who
passed 24 (32.9%), 08 (11.0%) and 03 (4.1%) candidates scored pass,
credit and distinction marks respectively.
Most of candidates who failed the question just listed the points without
explaining them.
QUESTION 4: PARTNERSHIP AND OFFICE MECHANIZATION
Candidates were required to:
(a) Analyse various advantages of office mechanization.
(b) List and explain advantages and disadvantages of numerical filing
system.
(c) Write brief notes on the following terms as used in tax practices:
(i) Royalties
(ii) Capital gains tax
(iii) Inheritance tax
(d) Name and explain the main functions of Tanzania Revenue
Authority.
Candidates‟ performance in this question was satisfactory. Out of 73
candidates who answered the question, 49 (67.1%) candidates passed
while the remaining 24 (32.9%) candidates failed. Out of those who
passed 27 (36.9%), 12 (16.4%) and 10 (13.7%) candidates scored pass,
credit and distinction marks respectively.
Most of candidates who failed were not conversant in attempting
question concerned with filling.
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 65 candidates who answered the examination, 44 (67.7%) candidates
passed while the remaining 21(32.3%) candidates failed. Out of those
who passed 42(64.7%) and 2 (3%) candidates scored pass and distinction
marks respectively.
The candidates‟ over-all performance in the subject is as shown on table 7.1.6
below:
TABLE 7.1.6
T.07 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION
OF MARKS
NO. OF CANDIDATES (FREQUENCY)
PERCENTAGE
0-49
20
27.4
50-69
45
61.6
70-79
07
9.6
80-100
01
1.4
TOTAL
73
100
TABLE 7.1.7
T.07 COMPARISON OF PASS RATE WITH NOVEMBER 2014 EXAMINATIONS
November 2014
No. of candidates passed
84
November 2015
%
No. of candidates passed
88.4
53
27
% decrease
%
72.6
15.8
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: MULTIPLE CHOICES
Candidates were required to choose the most correct answer among the
four given alternatives.
Candidates‟ performance in this question was not satisfactory. Out of
98 candidates who answered the question, only 28 (28.6%) candidates
passed while the remaining 70 (71.4%) candidates failed. Out of those
who passed 27 (27.6%) and 1 (1.0%) candidates scored pass and
distinction marks respectively. There were no credit pass in this
question.
Most of candidates were not competent in many topics tested in this
question.
QUESTION 2: FINANCIAL STATEMENTS
(a) Candidates were required to use the given extract of ledge balances
to prepare a simple Statement of Financial Performance by nature for
the given period.
(b) Use the given information to explain how the three E‟s (Economy,
Efficiency and Effectiveness) usually used to check performance in
an entity.
(c) Use the given information explain what is involved in cut off
procedures and the routine included in performing cut off procedures
for accruals.
Candidates‟ performance in this question was not satisfactory. Out of 98
candidates who answered the question, only 20 (20.4%) candidates
scored pass marks while the remaining 78 (79.6%) candidates failed.
There were neither credit pass nor distinction pass in this question.
Candidates who failed were not able to explain the 3E`s as well as the
aspects involved in the cut off procedures.
28
QUESTION 3: PREPARATION OF REVENUE AND PROGRESS REPORT
Candidates were required to:(a) Explain what is „Excess Vote‟ in respect of a ministry or an
independent Government Department
(b) Explain what are the accounting officer‟s responsibilities in respect
of an excess vote
(c) Use the given revenue balances of the given Ministry to prepare:(i) Prepare the given period‟s revenue collection progress report.
(ii) Prepare monthly statement of revenue for given period
Candidates‟ performance in this question was not satisfactory. All 98
candidates who answered the question failed.
The major weakness noted in this question is the complete failure to
prepare revenue progress report.
QUESTION 4: TYPES OF COOPERATIVES AND COMMON
CHARACTERISTICS OF COOPERATIVES
Candidates were required to:(a) Use the given information about International Cooperative Alliance
(ICA) to explain the common characteristics of a cooperative
society.
(b) Discuss the reasons why consumer cooperatives have not fared well
in Tanzania.
(c) Use the given statement to explain the objectives of SACCOs.
Candidates‟ performance in this question was satisfactory. Out of 98
candidates, 60 (61.2%) candidates scored pass marks while the
remaining 38(38.8%) candidates failed. Out of those who passed 39
(39.8%), 13 (13.3%) and 08 (8.1%) scored pass, credit and marks
respectively.
Most of candidates who failed were not able to explain the objectives of
SACCOS, and why consumer cooperative have not fared well.
29
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
98 candidates who answered the examination 44 (44.9%) candidates passed
while the remaining 54 (55.1%) candidates failed. Out of those who passed
44 (44.9%) candidates scored pass, with no credit, or distinction marks in
this paper.
The candidates‟ over-all performance in the subject is as shown on table 7.1.8
below:
TABLE 7.1.8
T.08 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF MARKS
0-49
54
50-69
44
70-79
0
80-100
0
TOTAL
NO. OF CANDIDATES (FREQUENCY)
PERCENTAGE
55.1
44.9
0
0
100
98
TABLE 7.1.9
T.08. COMPARISON OF PASS RATE WITH NOVEMBER 2014 EXAMINATIONS
November 2014
No. of candidates passed
43
November 2015
%
No. of candidates passed
48.3
44
30
% decrease
%
44.9
3.4
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 34 candidates who sat examination papers
in the ATEC I and II Levels.
Their performance is as indicated hereunder:
S/No.
1
2
3
4
5
6
7
8
9
COMBINATION
Pass Both
Pass ATEC I, Partial Pass ATEC II
Pass ATEC I, Fail ATEC II
Partial Pass ATEC I, Pass ATEC II
Partial Pass Both
Partial Pass ATEC I, Fail ATEC II
Fail ATEC I, Pass ATEC II
Fail ATEC I, Partial Pass ATEC II
Fail Both
Total
31
ATEC I & II
Number
Percent
3
8.8
5
14.7
6
17.6
0
0
0
0
1
2.9
0
0
8
23.5
11
32.4
34
100%
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
A2
A3
A4
A5
Quantitative Techniques
Business and Management
Accounting
Business Information
Business Law
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 2015 examination session, a total of 364 candidates sat for
Foundation Level examinations.
The figure indicated above includes 128 candidate who sat for both Foundation and
Intermediate level examinations, whose performance analysis is shown at the end of
Intermediate Level Report.
32
GENERAL OBSERVATIONS
In this examination 364 candidates sat for the examination out of whom 152 (41.8%)
passed and therefore become eligible for the STATEMENT OF SUCCESS for the
Foundation Level. 133 (36.5%) have passed some of the subjects while 79 (21.7%)
candidates failed the examination.
The general performance subject-wise is as shown on Table 8.1 below:
TABLE 8.1
SUBJECT-WISE PERFORMANCE ANALYSIS
Paper
Code
No.
November 2014
Entries Pass
%
Subject
A1
Quantitative
Techniques
A2
Business
Management
A3
Performance
May 2015
Entries Pass
%
November 2015
Entries Pass
%
322
245
76.1
193
133
68.9
151
76
50.3
346
331
95.7
147
122
82.9
135
107
79.3
Accounting
153
98
64.1
226
209
91.6
206
112
54.4
A4
Business Information
188
112
59.6
251
202
80.5
246
163
66.2
A5
Business Law
142
103
72.5
138
81
58.7
155
103
66.5
and
33
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 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 not satisfactory. Out of
151 candidates who answered the question only 63 (41.7%) candidates
passed while the remaining 88 (58.3%) candidates failed. Out of those
who passed 58 (38.4%) and 05 (3.3%) candidates scored pass and credit
marks respectively. No candidate scored distinction marks in this
question
The multiple choices provided were fairly structured and appropriate to
the level of the candidates, even though majority of them did not
perform well due to the fact that they were guessing the answers.
QUESTION 2: TRANSPORTATION AND ASSIGNMENT MODELS
The candidates were required to use the data provided to:
(a) Develop transportation table.
(b) Obtain initial allocation and total transportation cost using North
West Corner Method.
(c) Obtain initial allocation and total transportation cost using minimum
cost method.
(d) Obtain initial allocation and total transportation cost using Vogel‟s
approximation method.
Candidates‟ performance in this question was satisfactory. Out of 151
candidates who answered the question, 66 (43.7%) candidates passed
while the remaining 85 (56.3%) candidates failed. Out of those who
passed 18 (11.9%), 25 (16.6%) and 23 (15.2%) candidates scored pass,
credit and distinction marks respectively
34
Majority of the candidates failed to use Vogel‟s approximation method
and few of them could not develop the transportation table.
QUESTION 3: HYPOTHESIS TESTING
(a)
(b)
(c)
From the given data of a certain population, candidates were
required to:
(i)
Estimate the population proportion.
(ii)
Develop a 95% confidence interval for the population
proportion.
Candidates were again given data of a certain population and they
were needed to develop a 99% confidence interval for the
population mean and interpret the result.
Explain the meaning of significant level.
Candidates‟ performance in this question was not satisfactory. Out of 151
candidates who answered the question only 15 (9.9%) candidates passed
while the remaining 136 (90.1%) candidates failed. Out of those who
passed 13 (8.6%) and 02 (1.3%) candidates scored pass and credit marks
respectively. No candidate scored distinction marks in this question
Despite of the fact that the question was clear and within the scope of the
candidates‟ level they did not do it satisfactorily as candidates seem to be
not very much familiar with the confidence interval calculations.
35
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 complete
the examination.
(b)
Candidates’ performance
Candidates‟ performance in this examination paper was satisfactory. Out
of 151 candidates who answered the examination, 76 (50.3%) candidates
passed while the remaining 75 (49.7%) candidates failed. Out of those
who passed 60 (39.7%) and 16 (10.6%) 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 8.1.1
below:
TABLE 8.1.1
A1 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF MARKS
NO. OF CANDIDATES (FREQUENCY)
PERCENTAGE
0-39
40-59
60-79
80-100
TOTAL
75
60
16
00
151
49.7
39.7
10.6
00
100
TABLE 8.1.2
A.1 COMPARISON OF PASS RATE WITH NOVEMBER 2014 EXAMINATIONS
November 2014
November 2015
% decrease
No. of candidates passed
%
No. of candidates passed
%
245
76.1
151
50.3
36
25.8
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: 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 135
candidates who answered the question, 88 (65.2%) candidates passed
while the remaining 47 (34.8%) candidates failed. Out of those who
passed 82 (60.8%), 05 (03.7%) and 01 (0.7%) candidates scored pass,
credit and distinction marks respectively
Candidates performed very well in this question to the extent that no
major weakness was identified
QUESTION 2: BASICS OF GOVERNANCE, SUSTAINABILITY, CORPORATE
SOCIAL RESPONSIBILITY AND ETHICS
Candidates were required to:
(a) Explain how an organization can act responsibly to its
stakeholders by providing at least four examples.
(b) Identify and describe at least four advantages of corporate social
responsibility.
(c) Identify the disadvantages of corporate social responsibility.
Candidates‟ performance in this question was satisfactory. Out of 135
candidates who answered the question, 82 (60.7%) candidates passed
while the remaining 53 (39.3%) candidates failed. Out of those who
passed 37 (27.4%), 36 (26.6%) and 09 (6.7%) candidates scored pass,
credit and distinction marks respectively
Candidates failed to give examples in relation to how an organization
can act responsibly to its stakeholders.
37
QUESTION 3: BASIC MODELS FOR BUSINESS ANALYSIS
Candidates were required to:(a) Identify and describe five main factors that influence the level of
competition in an industry.
(b) State the circumstances which can make new firms easily enter an
existing market.
(c) Describe the factors influencing threat of substitutes in an industry.
(d) Identify and explain the marketing mix elements that can be used by
an organization to pursue its marketing objectives.
Candidates‟ performance in this question was not satisfactory. Out of
135 candidates who answered the question only 53 (39.3%) candidates
passed while the remaining 82 (60.7%) candidates failed. Out of those
who passed 34 (25.2%), 16 (11.9%) and 03 (2.2%) candidates scored
pass, credit and distinction marks respectively
Bad performance in this question is earmarked from the fact that
candidates did not clearly understand the requirements of the question
38
IV:
GENERAL OBSERVATIONS
(a)
Assessment of the Paper
The panel of examiners found the paper to be 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
135 candidates who answered the examination, 107 (79.3%) candidates
passed while the remaining 28 (20.7%) candidates failed. Out of those who
passed 82 (60.7%) and 25 (18.5%) 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 8.1.3
below:
TABLE 8.1.3
A2 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF MARKS
NO. OF CANDIDATES
(FREQUENCY)
PERCENTAGE
0-39
40-59
80-100
TOTAL
82
6079
25
28
00
135
20.7
60.7
18.5
00
100
WITH
NOVEMBER
TABLE 8.1.4
A2 COMPARISON
EXAMINATIONS
OF
PASS
November 2014
No.
of
candidates
RATE
November 2015
%
passed
No.
of
candidates
2014
% decrease
%
passed
331
95.7
39
107
79.2
16.5
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 206
candidates who answered the question, 94 (45.6%) candidates passed
while the remaining 112 (54.4%) candidates failed. Out of those who
passed 62 (30.1%), 31 (15.1%) and 01 (0.4%) candidates scored pass,
credit and distinction marks respectively
No major weakness was noted in this question.
QUESTION 2: PREPARATION OF ACCOUNTS FROM INCOMPLETE
RECORDS
From the incomplete records provided, candidates were required to
prepare the statement of profit or loss for the given period.
Candidates‟ performance in this question was not satisfactory. Out of
206 candidates who answered the question only 40 (19.4%) candidates
passed while the remaining 166 (80.6%) candidates failed. Out of those
who passed 38 (18.4%), 01 (0.5%) and 01 (0.5%) candidates scored
pass, credit and distinction marks respectively
Bad performance in this question suggests that candidates were not well
prepared in tackling questions related to this topic.
40
QUESTION 3: PREPARATION OF FINANCIAL STATEMENTS FOR NOT
FOR PROFIT ENTITIES.
From the given information candidates were required to prepare:
(a)
(b)
Statement of income and expenditure for the given period
The groups‟ statement of financial position as at the given
period
Candidates‟ performance in this question was not satisfactory. Out
of 206 candidates who answered the question only 30 (14.6%)
candidates passed while the remaining 176 (85.4%) candidates
failed. Out of those who passed 29 (14.1%) and 01 (0.5%)
candidates scored pass and credit marks respectively. No candidate
scored distinction marks in this question.
Many candidates exhibited weakness in technical aspect of
computing income from subscription in arrears and prepayments and
on the line items for their presentation on the face of the statement of
financial position.
QUESTION 4: PREPARATION OF FINANCIAL STATEMENTS IN
ACCORDANCE WITH IFRS
Candidates were required to use the given trial balance to prepare:
(a) Statement of profit or loss for the period ended.
(b) Statement of financial position as at the end of the given period.
Candidates‟ performance in this question was satisfactory. Out of
206 candidates who answered the question, 114 (55.3%) candidates
passed while the remaining 92 (44.7%) candidates failed. Out of
those who passed 105 (50.9%) and 09 (04.4%) candidates scored
pass and credit marks respectively. No candidate scored distinction
marks in this question.
Some candidates did not know which items were be presented in the
income statement and those that should be presented in the statement
of financial position.
41
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 206 candidates who answered the examination, 112 (54.4%) candidates
passed while the remaining 94 (45.6%) candidates failed. Out of those
who passed 104 (50.5%) and 08 (3.9%) 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
8.1.5 below:
TABLE 8.1.5
A3 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF MARKS
0-39
NO. OF CANDIDATES (FREQUENCY)
PERCENTAGE
94
46.6
4059
104
50.5
6079
08
3.9
80100
00
00
TOTAL
206
100
TABLE 8.1.6
A3 COMPARISON OF PASS RATE WITH NOVEMBER 2014 EXAMINATIONS
November 2014
No. of candidates passed
98
November 2015
% decrease
%
No. of candidates passed
%
64.1
112
54.4
42
9.7
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 satisfactory. Out of 246
candidates who answered the question, 205 (83.3%) candidates passed
while the remaining 41 (16.7%) candidates failed. Out of those who
passed 72 (29.2%), 117 (47.6%) and 16 (6.5%) candidates scored pass,
credit and distinction marks respectively
No common weakness was observed.
QUESTION 2:
DECISION-MAKING
Candidates were required to:
(a) Calculate Net Present Value (NPV)
(b) Use the given information to:(i) Calculate Net Present Value of the two given companies
(ii) Assist the given management to decide which one of the
two given projects to invest in.
Candidates‟ performance in this question was not satisfactory. Out of 238
who answered the question only, 100 (42.0%) candidates passed, while the
remaining 138 (57.9%) candidates failed. Out of those who passed 47
(19.7%), 12 (5.0%) and 41 (17.2%) candidates scored pass, credit and
distinction marks respectively
Most candidates failed to calculate NPV of the two projects, despite the data
being clear.
43
QUESTION 3: COSTING
Candidates were required to use the given information about the
company‟s first year of operation to:(a) Determine the cost of production and gross margin by using
absorption costing.
(b) Compute:
(i)
Budgeted selling price per unit
(ii)
Budgeted sales revenue for actual sales
(iii)
Sales variance for the period in TZS.
Candidates‟ performance in this examination paper was not satisfactory.
Out of 246 candidates who answered the question only, 111 (45.1%)
candidates passed while the remaining 135 (54.9%) candidates failed.
Out of those who passed 59 (24.0%), 40(16.2%) and 12 (4.9%)
candidates scored pass, credit and distinction marks respectively
Determination of cost of production and computation of sale
variance was a problem to many candidates.
QUESTION 4: FORECASTING AND BUDGETING
Candidates were required to find out the seasonal components of the
trend by using the additive model.
Candidates‟ performance in this question was not satisfactory. Out of
246 candidates who answered the question only, 63 (26.0%) candidates
passed while the remaining 183 (74.0%) candidates failed. Out of those
who passed 25 (10.0%), 16 (7.0%) and 22 (9.0%) candidates scored
pass, credit and distinction marks respectively.
Candidates demonstrated poor computational skills.
44
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 246 candidates who answered the examination, 163(66.3%) candidates
passed while the remaining 83 (33.7%) candidates failed. Out of those
who passed 129 (52.4%), 30 (12.2%) and 04 (1.6%) candidates scored
pass, credit and distinction marks respectively
The candidates‟ overall performance in the subject is as shown on table
1.1. below.
TABLE 1.1.
A4 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF MARKS
40-59
129
60-79
30
80-100
04
TOTAL
NO. OF CANDIDATES (FREQUENCY)
0-39
83
PERCENTAGE
33.7
52.4
12.2
1.6
100
246
TABLE 1.2.
A4
COMPARISON OF PASS RATE WITH NOVEMBER 2014
EXAMINATIONS
November 2014
No. of candidates passed
112
November 2015
%
No. of candidates passed
59.6
163
45
% increase
%
66.2
6.6
A5 –
BUSINESS LAW
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:
(a) Explain the validity that the law received from England is one of
the sources of law applicable in Tanzania
(b) Identify five advantages of subordinate legislation as a source of
law.
Candidates‟ performance in this question was satisfactory. Out of 114
candidates who answered the question 60 (52.6%) candidates passed
while the remaining 54 (47.4%) candidates failed. Out of those who
passed 37 (32.5%), 18 (15.8%) and 05 (4.4%) candidates scored pass,
credit and distinction marks respectively.
Some of the candidates who answered this question failed to explain the
law received from England as a source of law applicable in Tanzania
QUESTION 2:
EMPLOYMENT LAW
Candidates were required to explain:
(a)
(b)
The circumstances under which the employee‟s dismissal may
be considered unlawful as per employment and labour
relations act
The remedies available to employee whose termination is
declared unfair.
Candidates‟ performance in this question was satisfactory. Out of
107 candidates who answered the question 67 (62.6%) candidates
passed while the remaining 40 (37.4%) candidates failed. Out of
those who passed 35 (32.7%), 21 (19.6%) and 11 (10.3%)
candidates scored pass, credit and distinction marks respectively.
46
In this question, some of candidates failed to raise the grounds for
fair dismissal and also failed to explain possible remedies for unfair
termination.
QUESTION 3:
MONEY LAUNDERING
Candidates were required to:
(a)
(b)
(c)
(i) Define the term „politically exposed person‟
(ii) Name four money laundering predicate crimes in
Tanzania
Highlight five negative effects of money laundering to
developing country such as Tanzania.
Describe measures which Tanzania has adopted and is
implementing to fight money laundering practices.
Candidates‟ performance in this question was satisfactory. Out of
119 candidates who answered the question, 107 (89.9%) candidates
passed while the remaining 12 (10.1%) candidates failed. Out of
those who passed 16 (13.4%), 36 (30.3%) and 55 (46.2%) candidates
scored pass, credit and distinction marks respectively.
No major weakness was identified in this question.
QUESTION 4:
CIVIL LAW FOR BUSINESSES AND FORMATION OF A
CONTRACT.
Candidates were required to use the given scenario to:
(a)
(b)
(c)
State if the contract between the given two persons is valid
by giving reasons
Identify and explain the remedies available for given person,
if the contract was not valid
Assume the given person is willing to continue doing
business, explain what would be the advice to him
Candidates‟ performance in this question was not satisfactory. Out of
138 candidates who answered this question 90 (65.2%) candidates
passed while the remaining 48 (34.8%) candidates failed. Out of
those who passed 41 (29.7%) and 07 (5.1%) candidates scored pass
and credit marks respectively. No candidate scored distinction marks
in this question.
Most of the candidates who answered this question failed to explain
whether the contract was valid or not.
47
QUESTION 5: THE CAPITAL
MANAGEMENT
OF
THE
COMPANY
AND
IT’S
Candidates were required to:
(a) Identify and explain the ways in which the capital is maintained and
protected.
(b) State the distinction between the „share certificate „and „share
warrant‟ and their legal effects.
Candidates‟ performance in this question was satisfactory. Out of 85
candidates who answered the question, 53 (62.4%) candidates passed
while the remaining 32 (37.6%) candidates failed. Out of those who
passed 32 (37.6%), 18 (21.2%) and 03 (3.5%) candidates scored pass,
credit and distinction marks respectively
Most of the candidates who attempted this question did not support
their arguments with relevant authority.
QUESTION
6: THE MANAGEMENT OF THE COMPANY
DIRECTOR’S CORPORATE OFFENCES.
AND
(a) Candidates were required to use the given information related to
the two companies which entered into a contract for renting buses
to advise the given company whether the other part has
breached any of his directors‟ duties, and what remedy do they
have against him.
(b) Explain the following in relation to the context of the law relating
to the management of companies.
(i)Non-executive directors
(ii)Shadow directors
Candidates‟ performance in this question was satisfactory. Out of 111
candidates who answered the question, 51 (45.9%) candidates passed
while the remaining 60 (54.1%) candidates failed. Out of those who
passed 27 (24.3%), 21 (18.9%) and 03 (2.7%) candidates scored pass,
credit and distinction marks respectively
Most of the candidates who answered this question did not support their
arguments with relevant authority.
48
QUESTION 7: FORMATION OF COMPANIES AND PARTNERSHIP
TANZANIA
IN
Candidates were required to:
(a) Comment on the procedures required to be complied with by this
business entity.
(b) State the legal effects of Memorandum and Articles of Association
Candidates‟ performance in this question was not satisfactory. Out of
105 candidates who answered the question only, 29 (27.6%) candidates
passed while the remaining 71 (67.6%) candidates failed. Out of those
who passed 17 (16.2%), 07 (6.7%) and 05 (4.8%) candidates scored
pass, credit and distinction marks respectively
The major weakness of the candidates in regard to this question was
noted on the area of stating Legal Memorandum and Articles of
Association.
49
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 support from
relevant authorities.
(b)
Overall Candidates performance
Candidates‟ performance in this examination paper was satisfactory. Out
of 155 candidates who answered the examination, 103 (66.5%) candidates
passed while the remaining 52 (33.5%) candidates failed. Out of those
who passed 80 (51.6%) and 23 (14.8%) candidates scored pass and credit
marks.
The candidates‟ overall performance in the subject is as shown in table
2.1. below:
TABLE 2.1.
A5 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF MARKS
NO. OF CANDIDATES
(FREQUENCY)
PERCENTAGE
0-39
52
40-59
80
60-79
23
80-100
00
TOTAL
33.5
51.6
14.8
00
100
155
TABLE 2.2.
A5.
COMPARISON
OF
PASS
RATE
WITH
NOVEMBER
2014
EXAMINATIONS
November 2014
No. of candidates passed
November 2015
%
No. of candidates
% decrease
%
passed
103
72.5
103
50
66.4
6.1%
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
B2
B3
B4
B5
B6
Financial Management
Financial Accounting
Auditing Principles and Practices
Public Finance and Taxation I
Performance Management
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 2015 examination session, a total of 3,114 candidates sat for
Intermediate Level examinations.
The figure indicated above includes 871 candidate who sat for both Intermediate and
Final level examinations, whose performance analysis is shown at the end of these levels‟
report.
51
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.
GENERAL PERFORMANCE
In this session 3,114 candidates sat for the Intermediate Level Examinations out of
whom 426 (13.7%) have passed this level and therefore become eligible for the
STATEMENT OF SUCCESS, 1,050 (33.7%) have passed some of the subjects while
1,638 (52.6%) candidates have failed the examination.
The general performance subject-wise is as shown on Table 10.1 below:
TABLE 10.1
INTERMEDIATE LEVEL SUBJECT-WISE PERFORMANCE ANALYSIS
Performance
May 2015
Entries
Pass
%
Paper
Code No.
Subject
B1
Financial Management
468
185
39.4
754
205
27.2
1077
253
23.5
B2
Financial Accounting
525
244
46.5
745
318
42.7
941
352
37.4
B3
Auditing Principles and
Practices
471
282
59.9
662
355
53.6
948
665
69.1
B4
Public Finance & Taxation
I
613
448
73.1
701
556
79.3
879
246
28.0
B5
Performance Management
2,783
720
25.9
2,567
754
29.4
2,371
537
22.6
B6
Management, Governance
& Ethics
290
217
74.8
560
526
93.9
794
730
91.9
November 2014
Entries
Pass
%
52
November 2015
Entries
Pass
%
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: FINANCIAL PLANNING AND FORECASTING;
WORKING CAPITAL MANAGEMENT
Candidates were required to use the given information related to
company‟s turnover to prepare:
(a) (i) A Statement of income for the following year
(ii) A statement of Financial Position at the end of the
following year
(b) Analyse and discuss the working capital financial policy of a given
company
Candidates‟ performance in this question was not satisfactory. Out of
1077candidates who answered the question only 88 (8.2%) candidates
passed while the remaining 989 (91.8%) candidates failed. Out of those
who passed 82 (7.6%), 5 (0.5%) and 1(0.1%) candidates scored pass,
credit and distinction marks respectively
Most candidates demonstrated poor in computation skills
53
QUESTION 2: DIVIDEND POLICY; WORKING CAPITAL MANAGEMENT
(a) Candidates were required to use the given information related to a
company which produces and sells detergent products to:(i) Calculate the total cost of inventory for the raw material when
using the Economic Order Quantity (EOQ).
(ii) Determine whether accepting the discount offered by the
supplier will minimize the total cost of inventory for the raw
material.
(b) Discuss the factors to be considered in formulating the dividend
policy of a stock exchange listed company.
Candidates‟ performance in this question was not satisfactory. Out of
885 candidates who answered the question only 283 (32.0%) candidates
passed while the remaining 602 (68.0%) candidates failed. Out of those
who passed 249 (28.2%) and 34 (3.8%) candidates scored pass and
credit marks respectively. No candidate scored distinction marks in this
question.
Most candidates failed to calculate EOQ with discount
QUESTION 3: WORKING CAPITAL MANAGEMENT; COMPLEX
INVESTMENT APPRAISAL
Candidates were required to:
(a) Discuss how an optional investment schedule can be formulated
when capital is rationed and investment projects are either:
(i)
Divisible
(ii)
Non –divisible
(b) Use the given information related to company‟s annual credit sales
to:(i) Calculate the size of overdraft, the net working capital and the
total cost of financing its current assets of a given Company
(ii) Discuss the key factors which determine the level of investment
in current assets.
Candidates‟ performance in this question was not satisfactory. Out of
594 candidates who answered the question only 154 (26.0%) candidates
passed while the remaining 440 (74.0%) candidates failed. Out of those
who passed 113 (19.0%), 35(6.0%) and 6 (1.0%) candidates scored pass,
credit and distinction marks respectively
Most candidates were not well equipped with the concepts of the topic
54
QUESTION 4: INVESTMENT DECISION
Candidates were required to use the given information related to effects
of taxation in the investment decisions to:
(a) Assist the prospective investor on identifying and describing the
effects that taxation has on appraising investments.
(b) Use the given information related to a company which is
considering to manufacture a new product to evaluate whether the
project should be accepted or not.
Candidates‟ performance in this question was not satisfactory. Out of
824 candidates who answered the question only 223 (27.0%) candidates
passed while the remaining 601 (73.0%) candidates failed. Out of those
who passed 187 (22.7%), 33 (4.0%) and 03 (0.3%) candidates scored
pass, credit and distinction marks respectively
Most candidates were weak to collate the information given to enable
them to calculate the NPV
QUESTION 5: DIVIDEND POLICY
Candidates were required to use the given information concerning
dividend growth model and Capital Asset Pricing Model (CAPM) to:
Compare the „dividend growth model‟ and „the capital asset pricing
model‟ when estimating the cost of equity of a company
(b) Use the given information concerning company‟s dividend payout
ratio to:
(a)
(i) Calculate the following values for a given company:
 Ex-dividend share price, using the dividend growth model;
 Capital gearing (debt divided by debt plus equity) using market
values;
 Market value Weighted Average Cost of Capital (WACC).
(ii) Discuss whether a change in dividend policy will affect the share
price of the company
Candidates‟ performance in this question was not satisfactory. Out of
591 candidates who answered the question only 71 (12.0%) candidates
passed while the remaining 520 (88.0%) candidates failed. Out of those
who passed 63 (10.6%) and 8 (1.4%) candidates scored pass and credit
marks respectively. No candidate scored distinction marks in this
question.
Most of candidate failed to compare dividend policy growth model and
CAPM by giving weakness and strength of each model, also failed to
argue against dividend policy and Miller and Modigliani effects on share
price
55
QUESTION 6: FINANCING DECISIONS; INVESTMENT DECISIONS
Candidates were required to use the given information to the value of
dividends per shares to:
(a)
Calculate the cost of equity of a given company using the dividend
growth model.
(b)
Discuss whether the dividend growth model or the Capital Asset
Pricing Model (CAPM) should be used to calculate the cost of
equity.
(c)
Calculate the weighted average after-tax cost of capital of the
company using a cost of equity of 12%.
(d)
Discuss whether changing the capital structure of a company can
lead to a reduction in its cost of capital and hence, to an increase in
the value of the company.
Candidates‟ performance in this question was not satisfactory. Out of
623 candidates who answered the question only 100 (16.0%) candidates
passed while the remaining 523 (84.0%) candidates failed. Out of those
who passed 78 (12.5%), 19 (3.0%) and 3 (0.5%) candidates scored pass,
credit and distinction marks respectively
Most Candidates failed to compute cost of capital
QUESTION 7: INVESTMENT DECISIONS:
(a) Candidates were required to use the given information to concerning
a company which is an all equity company with a cost of capital of
19% to:(i)
Calculate firm‟s beta factor.
(ii)
Evaluate the economic viability of each project.
(b) Enumerate and discuss any five specific examples of the conflicts of
interest that might occur between managers and shareholders.
Candidates‟ performance in this question was not satisfactory. Out of
704 candidates who answered the question only 75 (10.7%) candidates
passed while the remaining 629(89.3%) candidates failed. Out of those
who passed 61 (8.7%), 10 (1.5%) and 4 (0.5%) candidates scored pass,
credit and distinction marks respectively
Most candidates failed to demonstrate computational and communication
skills.
56
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 1077 candidates, only 253 (23.5%) candidates passed while the
remaining 824 (76.5%) candidates failed. Out of those who passed 247
(22.9%) and 06(0.6%) 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
10.1.1 below:
TABLE 10.1.1
B1 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF
MARKS
NO. OF CANDIDATES
(FREQUENCY)
PERCENTAGE
00-39
824
40-59
247
60-79
06
80-100
00
TOTAL
1077
76.5
22.9
0.6
0.0
100
TABLE 10.1.2
B1 COMPARISON OF PASS RATE WITH NOVEMBER 2014
EXAMINATIONS
November 2014
No. of
November 2015
%
No. of candidates
candidates
% decrease
%
passed
passed
185
39.4
253
57
23.5
15.9
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 information concerning the
given draft statements of financial positions for the given period and
statement of profit and loss for the given period for three entities to
prepare:
(a) Journal entry to record the purchase of the given company
accounting records.
(b) Consolidated statement of profit or loss for the company for the
given year
(c) Consolidated statement of financial position for given company as at
the given period
Candidates‟ performance in this question was not satisfactory. Out of
941 candidates, only 120(12.8%) candidates passed while the remaining
821 (87.3%) candidates failed. Out of those who passed 80(8.5%), 34
(3.6%) and 6(0.6%) candidates scored pass, credit and distinction marks
respectively
Most candidates failed to consolidate the wholly owned subsidiary and
the associate. The two groups were just added by many candidates to
the reporting entity which was not correct
58
QUESTION 2: INTRODUCTION TO FINANCIALACCOUNTING:
ACCOUNTING AND REPORTING CONCEPTS, FRAMEWORKS
AND PRACTICES
Candidates were required to use the given information related to the
mechanisms of ensuring that accounting work is performed according to
the set principles and standards to:
(a) (i) Evaluate the reasons why do we need regulatory framework.
(ii) What does the IASBs Conceptual Framework of Financial
Reporting deals with?
(b) Use the given information concerning the word „faithful presentation‟
to explain:
(i) The three characteristics that make financial statement
presentation being faithfully represented.
(ii) The things needed to be observed to ensure the above
characteristics are achieved
Candidates‟ performance in this question was satisfactory. Out of 910
candidates who answered the question 709 (77.8%) candidates passed
while the remaining 201(22.2%) candidates failed. Out of those who
passed 316(34.7%), 288(31.6%) and 105(11.5%) candidates scored pass,
credit and distinction marks respectively
No major weakness was observed
QUESTION 3: PREPARING SINGLE ENTRY AND SINGLE COMPANY
FINANCIAL STATEMENTS
Candidates were required to use the given information concerning a
company which is involved in the manufacture of packaging for the food
industry with its extract of trial balance to prepare a Statement of Profit
or Loss and other comprehensive income and Statement of Financial
Position for the company for the given financial year.
Candidates‟ performance in this question was not satisfactory. Out of
641 candidates who answered the question, 53 (8.3%) candidates passed
while the remaining 588 (91.7%) candidates failed. Out of those who
passed 48(7.5%) and 5(0.8%) candidates scored pass and credit marks
respectively. No candidate scored distinction marks in this question.
Most candidates failed to identify appropriate treatments of proper
adjustments toward preparation of financial statements
59
QUESTION 4: PREPARING CONSOLIDATED FINANCIAL STATEMENTS
(a) Candidates were required to use the given information concerning a
statement of cash flows state the importance of classifying the
activities into operating, investing and financing to the users of
financial statements‟
(b) Candidates were required to use the given information related to
consolidated statement of financial position for the given company
to:(i)
Calculate the amount that will appear in the statement of cash
flows for the disposal of the company
(ii) Calculate the amount of additions to the property, plant and
equipment.
(iii) Calculate the amount of dividend paid to non-controlling
interest.
(iv) Prepare the Consolidated Statement of Cash Flows for the firm
for the given year, using the indirect method for the operating
activities cash flows.
Candidates‟ performance in this question was not satisfactory. Out of 373
candidates who answered the question, 57 (15.3%) candidates passed
while the remaining 316 (84.7%) candidates failed. Out of those who
passed 56 (15.0%) and 01 (0.3%) candidates scored pass and credit marks
respectively. No candidate scored distinction marks in this question
Most candidates failed to prepare a consolidated (Group account)
statement of cash flows.
QUESTION 5: ACCOUNTING CONCEPTS AND FINANCIAL STATEMENTS
(a)
(b)
Candidates were required to use the given information related to
liquidity to state the importance of understanding the liquidity of an
entity to
different users of financial statements, giving examples
of different ratios of liquidity that can be computed.
Candidates to use the given information related to current ratio of a
given company to:
(i) Indicate whether the amount of working capital will increase,
decrease, or be unaffected by each of the above transactions.
(ii) Indicate whether the current ratio will increase, decrease, or be
unaffected by each of the above transactions.
Candidates‟ performance in this question was satisfactory. Out of 813
candidates who answered the question, 502 (61.7%) candidates passed
while the remaining 242 (48.4%) candidates failed. Out of those who
passed 330 (40.5%), 159 (19.6%) and 13(1.6 %) candidates scored pass,
credit and distinction marks respectively
No major weakness was observed
60
QUESTION 6: PREPARING SINGLE ENTRY AND SINGLE COMPANY
FINANCIAL STATEMENTS
Candidates were required to use the given information related to the
financial statements of one company for the given period, together with
comprehensive Statement of Financial Position to:
(a) Prepare a statement of cash flows for the given company for the
given year in accordance with IAS 7 Cash Flow Statements using
indirect method.
(b) Explain why IAS 7 encourages companies to disclose additional
information on operating capacity cash flows (included as investing
activities) and segment activity cash flows.
Candidates‟ performance in this question was not satisfactory. Out of 373
candidates who answered the question, 79 (21.2 %) candidates passed
while the remaining 294 (78.8%) candidates failed. Out of those who
passed 77(20.6%) and 02 (0.6%) candidates scored pass and credit marks
respectively. No candidate scored distinction marks in this question
Most candidates failed to prepare the cash flow statements under
“Indirect method‟‟ by mixing up with direct approach and some also failed
to identify components involved in cash flow statements
QUESTION 7: ACCOUNTING CONCEPTS, FRAMEWORKS AND PRACTICES
(a) Candidates were required to use the given information concerning
accounting standards to mention and briefly explain [giving
examples] FOUR areas that are covered by a typical accounting
standard dealing with reporting any particular item e.g. intangible
assets, revenue
(b) Candidates were required to use the given information about an
engineer who runs a small consulting firm to state separately the role
of the statement of cash flows and the
directors‟ report and how
such components are useful in overcoming the limitations of the
statement of financial position and the statement of profit or loss
Candidates‟ performance in this question was not satisfactory. Out of
593 candidates who answered the question, 138 (23.3 %) candidates
passed while the remaining 455(76.7%) candidates failed. Out of those
who passed 88(14.8%), 45(7.7 %) and 5(0.8%) candidates scored pass,
credit and distinction marks respectively
Most candidates seemed to fail to adhere to the requirements of the
question.
61
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 941 candidates, 352 (37.4%) candidates passed while the remaining
589(62.6%) candidates failed. Out of those who passed 341 (36.2%) and 11
(1.2%) 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
10.1.3 below:
TABLE 10.1.3
B2 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF MARKS
NO. OF CANDIDATES
(FREQUENCY)
PERCENTAGE
00-39
589
40-59
341
60-79
11
80-100
00
TOTAL
941
62.6
36.2
1.2
00
100
TABLE 10.1.4
B2
COMPARISON
OF
PASS
RATE
WITH
NOVEMBER
2014
EXAMINATIONS
November 2014
November 2015
% decrease
No. of candidates passed
%
No. of candidates passed
%
244
46.5
352
37.4
62
9.1
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.
TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE
III:
The following topics were tested in this paper:QUESTION 1: OBJECTIVES, PROCESS AND NEED OF EXTERNAL AUDIT
AND ASSURANCE; INTERNAL AUDIT OF ENTITIES
(a)
(b)
(c)
(d)
Candidates were required to:Use the given information about an employer who has just reformed
its quality control systems identify and comment on the implications
of your findings on the quality control policies and procedures of
your firm.
Use the given information about requirements to comply with
International Standards on Auditing (ISAs) to explain the usefulness
of International Standards on Auditing in enabling the auditors
conduct an efficient and effective audit of the financial statements of
a client.
Use the given information in relation to risk based approach in the
performance of audit work to state any four (4) matters in relation to
work carried out during risk assessment that should be documented
Use the given information concerning International Professional
Practice Frameworks (IPPF) to explain:
(i) Different types of IPPF.
(ii) The roles of IPPF.
Candidates‟ performance in this question was not satisfactory. Out of
948 candidates, only 467(49.3%) candidates passed while the remaining
481(50.7%) candidates failed. Out of those who passed 329 (34.7%),
135(14.2%) and 3(0.3%) candidates scored pass, credit and distinction
marks respectively
Most of candidates‟ failure to state matters that are being carried out
during risk assessment process as per requirements of the question in part
(c).
63
QUESTION 2: PUBLIC SECTOR EXTERNAL AUDITING
Candidates were required to use the given information to:
(a) Briefly explain FIVE elements of an assurance engagement.
(b) Use the given information regarding a person who has been serving
as a Board member of different corporations to:(i) Explain with reasons whether it is the CAG or the private firm
should be appointed to audit the financial statements of National
carrier.
(ii) Differentiate a „public audit‟ from a „private audit‟.
(iii) Explain the circumstances under which a private audit firm can
be appointed to audit a public company.
Candidates‟ performance in this question was satisfactory. Out of 791
candidates who answered the question, 499 (63.1%) candidates passed
while the remaining 292 (36.9%) candidates failed. Out of those who
passed 267(33.8%), 193(24.4%) and 39(4.9%) candidates scored pass,
credit and distinction marks respectively
No major weakness observed
QUESTION 3: THE NATURE AND USE OF INTERNAL CONTROLS;
OBJECTIVES, PROCESS AND NEED FOR EXTERNAL AUDIT
AND ASSURENCE;
THE NATURE OF AUDIT EVIDENCE AND THE SELECTION
OF SUFFICIENT APPROPRIATE EVIDENCE
Candidates were required to:(a) Use the given information to concerning the importance of audit
working papers to audit trainees to:
(b) (i) Clearly explain why an auditor must prepare audit working
papers in the course of an audit assignment.
(ii) Identify the owners of the working papers and state the
circumstances under which working papers can be used by other
people
(c) Use the given information regarding the International Standard on
Auditing to explain any five benefits of the auditor planning the
audit of Financial Statements of client.
(d) Use the given information in relation to the commencement of the
final audit of the clients to
(i) Distinguish the responsibilities of management and the auditors
with regards to internal controls.
(ii)Identify four examples of external confirmations that a firm may
undertake. For each explain one assertion which will be
64
supported and one which will not be supported by that example of
external confirmation.
Candidates‟ performance in this question was satisfactory. Out of 746
candidates who answered the question, 735 (98.5%) candidates passed
while the remaining 11(1.5%) candidates failed. Out of those who passed
264(35.4%), 332(44.5%) and 139(18.6%) candidates scored pass, credit
and distinction marks respectively
Some candidates failed to distinguish between management and auditors
responsibilities in relation to internal controls
QUESTION 4: INTERNAL AUDITOR OF ENTITIES;
OBJECTIVES, PROCESS AND NEED FOR EXTERNAL
AUDIT AND ASSURENCE;
PROFESSIONAL ETHICS PUBLIC INTEREST FUNDAMENTAL
OBJECTIVES, THREAT AND SAFEGUARDS TO
INDEPENDENCE
Candidates were required to:
(a) Use the given information regarding the issue of outsourcing
external auditors to discuss the advantages and disadvantages to both
given person Associates of outsourcing internal audit functions
(b) Use the given information concerning about a company which has
specialised in the audit of retailers to explain the safeguards that
your firm should implement to ensure that this conflict of interest is
properly managed
(c) Use the given information concerning an auditor‟s responsibility to
express an opinion on the financial statements to describe external
auditor‟s responsibilities and the work that the auditor should
perform in relation to the going concern status of companies
Candidates‟ performance in this question was satisfactory. Out of 492
candidates who answered the question only 222(45.1%) candidates
passed while the remaining 270(54.9%) candidates failed. Out of those
who passed 174(35.4%), 43(8.7%) and 05(1.0%) candidates scored pass,
credit and distinction marks respectively
Most of the candidates failed to relate case study with the requirements
of the question.
65
QUESTION 5: PROFESSIONAL ETHICS PUBLIC INTEREST FUNDAMENTAL
OBJECTIVES, THREAT AND SAFEGUARDS TO INDEPENDENCE
Candidates were required to:(a) Use the given information to which relates to IESBA‟s Code of
Ethics for professional accountants to:(i) State the key reason why accountants need to have an ethical
code?
(ii) Identify any two advantages of an ethical framework over a
rule based system.
(iii) Identify any four general sources of threats to independence.
(iv) Identify any two general categories of safeguards
(b) Use the given information in related to ISA 550 which addresses
related parties and related parties transactions to:
(i) Explain in one‟s own words the concepts of „Related Party‟ and
„Related Party Transactions.‟
(ii) Explain why, the identification of „related parties‟ and „material
related party transaction‟ can be difficult for auditors.
Candidates‟ performance in this question was not satisfactory. Out of
604 candidates who answered the question only 201(33.3%) candidates
passed while the remaining 403(66.7%) candidates failed. Out of those
who passed 176(29.1%), 24 (4,0%) and 01(0.2%) candidates scored
pass, credit and distinction marks respectively.
Most candidates failed to know the concepts “related party‟‟ and
“related party transaction”. Also failed to differentiate between company
transaction and related party transaction
QUESTION 6: THE NATURE OF AUDIT EVIDENCE AND THE SELECTION
OF SUFFICIENT APPROPRIATE EVIDENCE
Candidates were required to use the given information to related to ISA
500 Audit Evidence to:(a) Identify and describe the procedures for obtaining audit evidence.
(b) Describe an audit test using that procedure to obtain evidence as to
the balance of plant and equipment including the related balances
of accumulated depreciation and charges to income.
(c) Discuss considerations affecting your judgement as to the reliability
of the evidence with particular reference to the test described in
answer (b) above
Candidates‟ performance in this question was satisfactory. Out of 512
candidates who answered the question 310(60.5%) candidates passed
66
while the remaining 202(39.5%) candidates failed. Out of those who
passed 157 (30.6%), 109 (21.3%) and 44(8.6%) candidates scored pass,
credit and distinction marks respectively.
Some candidates failed to discuss considerations affecting their
judgement as to be reliability of the evidence with particular reference to
be tested described in part (a) of the question which was the requirement
of part (c)
QUESTION 7: THE NATURE AND USE OF INTERNAL CONTROLS;
SELECTION OF SUFFICIENT APPROPRIATE EVIDENCE
Candidates were required to:
(a) Use the given information which is related to audit sampling to:(i) Explain three situations where the auditor would be unlikely to
use sampling techniques.
(ii) Describe the factors which the auditor should consider when
determining the size of a sample.
(b) Indicate and explain each of the following type of control activities
as whether it is preventive or detection control:
(i)
Authorisation
(ii)
Performance review
(iii)
Information processing
(iv)
Segregation of duties
(c) Identify if they are material, pervasive or not material for each of the
following audit findings:
(i)
Inappropriate application of the going concern assumption.
(ii)
Inability to audit petty cash balance which accounts for less
than 1% of the total assets.
(iii)
Your client is involved in a major litigation which, if they
lose, would result in the loss of their trading licence and
inability to continue trading. The case has not been settled at
the date you are signing the report.
(v)
Disagreement over appropriateness of the depreciation policy
whose adjustment would reduce profit by 2%.
(vi)
Inadequate disclosure of directors‟ remuneration in the notes
to the financial statements.
(vii) An error found in the statement of income which will reduce
a profit of TZS.30,000,000 to a loss of TZS.100,000,000 for
the year.
Candidates‟ performance in this question was satisfactory. Out of 577
candidates who answered the question 434 (75.2%) candidates passed
while the remaining 143 (24.8) candidates failed. Out of those who
67
passed 176 (30.5%), 189 (32.8%) and 69 (11.9%) candidates scored
pass, credit and distinction marks respectively
Some candidates failed to understand the requirements of the question
where they confused two requirements of the question
(i) Identify the situation where auditor unlikely to use sampling
(ii) Identify factors that determine sample size
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 topics in the syllabus. The paper had a good mixture of
questions.
Candidates‟ performance in this examination paper was satisfactory. Out
of 948 candidates, 665 (69.1%) candidates passed while the remaining
293(30.9%) candidates failed. Out of those who passed 552 (58.2%) and
103(10.9 %) candidates scored pass and credit marks respectively. No
candidate scored distinction marks in this question.
Candidates’ overall performance
The candidates‟ over-all performance in the subject is as shown on table
10.1.5 below:
TABLE 10.1.5
B3
CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION
OF MARKS
NO. OF CANDIDATES
(FREQUENCY)
PERCENTAGE
00-39
40-59
60-79
80-100
TOTAL
293
552
103
00
948
30.9
58.2
10.9
00
100
TABLE 10.1.6
B3
COMPARISON OF PASS RATE WITH NOVEMBER 2014
EXAMINATIONS
November 2014
No. of candidates
passed
282
November 2015
%
59.9
68
No. of candidates
passed
665
% increase
%
69.1
9.2
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: DETERMINATION OF TOTAL INCOME
(a) State five documents and relevant information that should be
forwarded to the tax office for opening a tax file for a taxable
company.
(b) Use the given information relating to one manufacturing company
which has provided the given accounts to the Tanzania Revenue
Authority for the given period to determine the company‟s
chargeable income as well as tax liability for the given period of
assessment.
Candidates‟ performance in this question was not satisfactory. Out of
879 candidates who answered the question only 246 (28,0%) candidates
passed while the remaining 633 (72.0%) candidates failed. Out of those
who passed 231 (26.3%) and 15 (1.7%) candidates scored pass and
credit marks respectively. No candidate scored distinction marks in this
question.
Most candidates failed to indicate the documents that are required when
opening file and wrong determination of taxable income.
69
QUESTION 2: INCOME TAX LAW
Candidates were required to:
(a) Explain the meaning of „an employment‟.
(b) Use the given information relating to contract of service to
distinguish between „a contract of service‟ and „a contract for
service‟
(c) Use the given information in relation to employee‟s annual
emoluments and benefits to calculate the total income for the given
employee for the given year of income.
Candidates‟ performance in this question was not satisfactory. Out of 734
candidates who answered the question only 68 (9.3%) candidates passed
while the remaining 666 (90.7%) candidates failed. Out of those who
passed 62 (8.5%) and 06 (0.8%) candidates scored pass and credit marks
respectively. No candidate scored distinction marks in this question.
Most candidates were unable to calculate total income and failed to
differentiate the given terms in section (b)
QUESTION 3: VAT AND OTHER INDIRECT TAXES
Candidates were required to:
(a) Use the given information in relation to four types of supplies for
Value Added Tax purposes to briefly explain VAT implication of:(i)
Zero rated supplies
(ii)
Special relief supplies
(iii)
Exempt supplies
(b) From given information related to the company which deals with
extraction of stones from a quarry and sells the stones to another
company to show how VAT is charged and collected.
(c) Differentiate between two given terms „mixed supplies‟ and
„composite supplies‟.
Candidates‟ performance in this question was not satisfactory. Out of
723 candidates who answered the question only 177 (24.5%) candidates
passed while the remaining 546 (75.5%) candidates failed. Out of those
who passed 103 (14.3%), 67 (9.3%) and 07 (0.9%) candidates scored
pass, credit and distinction marks respectively
Most candidates failed to show how VAT is collected at each stage.
70
QUESTION 4: CUSTOMS AND EXCISE DUTY.
From the given information candidates were required to;(a) Explain the meaning of the given term and its importance.
(b) Explain problems of implementing the East African Customs
Union Rules.
(c) Explain in what forms does smuggling occur and the problems
associated with smuggling.
Candidates‟ performance in this question was satisfactory. Out of 260
candidates who answered the question 128 (49.2%) candidates passed
while the remaining 132 (50.8%) candidates failed. Out of those who
passed 112 (43.1%) and 16 (6.2%) candidates scored pass and credit
marks respectively. No candidate scored distinction marks in this
question.
Most candidates failed to explain problems of implementing EAC
Custom Union Rules.
QUESTION 5: TAX LAW, ADMINISTRATION AND PRACTICE
(GENERAL ISSUES)
Candidates were required to use the given information regarding the
problem of tax avoidance and evasion to:(a) Briefly discuss the effects of tax evasion and avoidance in Tanzania.
(b) Discuss with examples, international and national perspective of tax
evasion and avoidance.
(c) Briefly discuss measures taken by the government of the United
Republic of Tanzania to deal with the problem of tax evasion and
avoidance.
Candidates‟ performance in this question was not satisfactory. Out of
805 candidates who answered the question only 86 (10.7%) candidates
passed while the remaining 719 (89.3%) candidates failed. Out of those
who passed 85 (10.6%) and 01 (0.1%) candidates scored pass and credit
marks respectively. No candidate scored distinction marks in this
question.
Most candidates failed to discuss measures taken by the Government of
Tanzania, instead they wrote on what measures should be taken to deal
with the problem of tax evasion and avoidance.
71
QUESTION 6: INCOME TAX LAW
Candidates were required to:
(a) Explain briefly the requirements for filing returns in respect of
income of an individual.
(b) Use the given information concerning Income Tax Act 2004 in
Tanzania to state the items to be set out in the Notice of Appeal.
Candidates‟ performance in this question was not satisfactory. Out of
301 candidates who answered the question only 25 (8.3%) candidates
passed while the remaining 276 (91.7%) candidates failed. Out of those
who passed 24 (8.0%) and 01 (0.3%) candidates scored pass and
distinction marks respectively. No candidate scored credit marks in this
question.
Most candidates were poor in mastering of the topic
QUESTION 7: PUBLIC FINANCE
Candidates were required to:
(a) Find the equilibrium price and quantity.
(b) Use the given information regarding the market of motorcycles to:
(i)
Find what will be the number of given product sold once tax
is imposed.
(ii)
Calculate the number of motorcycles sold in the given market
once the given tax has been imposed
(iii)
Calculate the amount of tax incidence on consumers on the
basis of tax described in part (ii)
Candidates‟ performance in this question was not satisfactory. Out of
702 candidates who answered the question only 26 (3.7%) candidates
passed while the remaining 676 (96.3%) candidates failed. Out of those
who passed 22 (3.1%) and 04 (0.6%) candidates scored pass and credit
marks respectively. No candidate scored distinction marks in this
question.
Those who failed were unable to apply the tax imposed in the question.
72
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 879 candidates who answered the examination only 246 (28.0%)
candidates passed while the remaining 633 (72.0%) candidates failed. Out
of those who passed 245 (27.9%) and 01 (0.1%) 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
10.1.7 below:
TABLE 10.1.7
B4 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF
MARKS
NO. OF CANDIDATES
(FREQUENCY)
PERCENTAGE
00-39
633
40-59
245
60-79
01
80-100
0
TOTAL
879
72
27.9
0.1
0.0
100%
TABLE 10.1.8
B4 COMPARISON OF PASS RATE WITH NOVEMBER 2014 EXAMINATIONS
November 2014
November 2015
% decrease
No. of candidates passed
%
No. of candidates passed
%
448
73.1
246
28.0
73
45.1
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
TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE
III:
The following topics were tested in this paper:QUESTION 1: DECISIONS-MAKING TECHNIQUES – INFORMATION FOR
DECISION MAKING
(a) Candidates were required to use the given information regarding a
friend who would like to benefit from performance management
competencies to maximise returns from his business to calculate:(i) The expected demand for tickets per the given event.
(ii) The level of purchases per given event that will give the largest
profit over a long period of time.
(iii) The profit per the given event that the level of purchases in (ii)
above will yield
(b) From the given information candidates were required to give an
appropriate advice on the given case with regard to maximum sum
one should pay to a given company.
Candidates‟ performance in this question was not satisfactory. Out of
2371 candidates who answered the question only 93 (3.9%) candidates
passed while the remaining 2278 (96.1%) candidates failed. Out of those
who passed 58 (2.4%), 23 (1.0%) and 12 (0.5%) candidates scored pass,
credit and distinction marks respectively
Most candidates failed to comprehend the requirements of the question.
74
QUESTION 2: BUDGETARY PLANNING AND CONTROL
Candidates were required to use the given information to which was
about a summary of operating data for a given company as per the given
period of time to:(a) Prepare a budgetary control report comparing the planned operating
budget with the actual results for the given year.
(b) Prepare a budgetary control report that would be useful in
pinpointing responsibility for the different unit section managers in
in given year.
(c) Justify the strength of the report prepared in (b) over the one in (a)
above.
Candidates‟ performance in this question was not satisfactory. Out of
1646 candidates who answered the question only 47 (2.9%) candidates
passed while the remaining 1599 (97.1%) candidates failed. Out of
those who passed 42 (2.6%), 04 (0.2%) and 01 (0.1%) candidates scored
pass, credit and distinction marks respectively.
Most candidates failed to prepare budgetary control report, compare the
planned operating budget and compute variances.
QUESTION 3: VARIANCE ANALYSIS
Candidates were required to use the given information regarding a
company that uses standard costing partly for departmental evaluation
purposes to analyse each of the given raw materials and direct labour
variances into planning and operational variances.
Candidates‟ performance in this question was not satisfactory. Out of
865 candidates who answered the question only 155 (17.9%) candidates
passed while the remaining 710 (82.1%) candidates failed. Out of those
who passed 77 (8.9%), 47 (5.4%) and 31 (3.6%) candidates scored pass,
credit and distinction marks respectively.
Most candidates demonstrated very poor understanding of advanced
variances particularly planning and operational variances.
75
QUESTION 4: COST ACCOUNTING TECHNIQUES
Candidates were required to use the given in relation to the use of
absorption costing income statements for evaluating profit to:(a) Identify and explain the missing information
(b) Prepare an alternative statement of income and show how its profit
differs from the profit that is reported in the statement of income that
was prepared by the Management Accountant.
(c) Reconcile the income differences and add brief notes that will enable
manager to understand that absorption costing distorts the reported
income if inventory levels change.
Candidates‟ performance in this question was not satisfactory. Out of
1,931 candidates who answered the question only 51 (2.6%) candidates
passed while the remaining 1880 (97.4%) candidates failed. Out of
those who passed 32 (1.7%), 15 (0.7%) and 04 (0.2%) candidates scored
pass, credit and distinction marks respectively.
Most candidates did not understand the topic, especially the different
between marginal cost and absorption cost.
QUESTION 5: PERFOMANCE MEASUREMENT AND CONTROL
Candidates were required to use the given information to which was
about a company which is a highly decentralised company where each
division manager has full authority for sourcing and selling decisions
to:(a)
(b)
Analyse the advantages or disadvantages in terms of annual
operating income to a given company as a whole if the assembly
division buys pistons internally from the machining division
under each of the given cases.
Use the given case to explain how one would respond to a given
person about the request of forcing the assembly division to
purchase all of its pistons from the machining division.
Candidates‟ performance in this question was not satisfactory. Out of
1370 candidates who answered the question only 125 (9.1%) candidates
passed while the remaining 1245 (90.9%) candidates failed. Out of
those who passed 109 (8.0%) and 16 (1.1%) candidates scored pass and
credit marks respectively. No candidate scored distinction marks in this
question.
Most candidates were unable to provide analysis on the advantages or
disadvantages in terms of the annual operating income. Also they did not
explain their response in terms of the advantages and disadvantages.
76
QUESTION 6: PRICING DECISION
Candidates were required to use the given information to which is about
a company which is about to launch a new product into the market to:(a) Establish the demand function (equation) for the given product
units.
(b) Calculate the marginal cost for each unit of the given product after
adjusting the labour cost as required by note (a) above.
(c) Calculate the optimum price and quantity.
(d) Explain what is meant by the given strategies and discuss whether
either strategy might be suitable for the company when launching
the product mentioned.
Candidates‟ performance in this question was not satisfactory. Out of
1705 candidates who answered the question only 228 (13.4%)
candidates passed while the remaining 1477 (86.6%) candidates failed.
Out of those who passed 150 (8.8%), 51 (3.0%) and 27 (1.6%)
candidates scored pass, credit and distinction marks respectively.
Most candidates failed to develop the demand function, also they failed
to use learning function to find the cost of labour in order to develop the
cost function.
QUESTION 7: COST ACCOUNTING TECHNIQUES – ACTIVITY BASED
COST AND TRADITIONAL APPROACH IN COST
ALLOCATION
Candidates were required to use the given information which was about
a company which manufactures two types of products and it applies
overhead on the basis of direct labour hours throughout the factory to
compute;(a) The overhead absorption rates that would be used for order
processing, machine processing, and product inspection in an
activity-based costing system.
(b) The unit manufacturing costs of the given products if the expected
manufacturing volume is attained.
(c) (i) How much overhead costs would be applied to a unit of given
products.
(ii)Using the answers in (i) above, show which of the two products
would be undercosted or overcosted by this procedure.
(iii) State the major limitations of activity based costing
77
Candidates‟ performance in this question was not satisfactory. Out of
1927 candidates who answered the question only 834 (43.3%)
candidates passed while the remaining 1093 (56.7%) candidates failed.
Out of those who passed 325 (17.0%), 285 (14.7%) and 224 (11.6%)
candidates scored pass, credit and distinction marks respectively.
Most candidates failed to distinguish between ABC and traditional cost
approach.
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 2,371 candidates who answered the examination only 537 (22.6%)
candidates passed while the remaining 1,834 (77.4%) candidates failed.
Out of those who passed 487 (20.5%), 48 (2.0%) 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
10.1.9 below:
TABLE 10.1.9
B5 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF MARKS
NO. OF CANDIDATES
(FREQUENCY)
PERCENTAGE
00-39
1834
40-59
487
60-79
48
80-100
02
TOTAL
2371
77.4
20.5
2.0
0.1
100
TABLE 10.1.10
B5 COMPARISON OF PASS RATE WITH NOVEMBER 2014
EXAMINATIONS
November 2014
No. of candidates passed
720
November 2015
%
25.9
78
No. of candidates passed
537
% decrease
%
22.6
3.3
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, GOVERNANCE AND ETHICS
Candidates where required to use given information concerning the
conditions for the growth of a business to;(a) Analyse how corporate strategies operate at the given three levels:(i)
Corporate level
(ii)
Business level
(iii)
Operational level
(b) Use the given information regarding the Board of Directors to name
and explain various issues to look at when assessing the Board of
Directors
(c) Use the given information concerning ethical dilemma to explain
how one would control the given dilemma without distracting
working relationship in the organization
Candidates‟ performance in this question was satisfactory. Out of 794
candidates who answered the question, 743 (93.6%) candidates passed
while the remaining 51 (6.4%) candidates failed. Out of those who
passed 149 (18.8%), 456 (57.4%) and 138 (17.4%) candidates scored
pass, credit and distinction marks respectively
No major weakness was noted in this question.
79
QUESTION 2: STRATEGIC MANAGEMENT AND ETHICS
(a) Candidates where required to:
(i) Use the given information regarding market competition to
enumerate with examples at least five ways in which small
business may undergo in order to deal with competitive
market forces.
(ii) Use the given information concerning about the importance
of studying demographic factors when one wants to establish
a business to explain five major demographic factors that one
would consider before establishing a business.
(b) Use the given information with regard to the combat of corruption to
identify and explain the reasons that lead to an increase of corruption
in developing countries.
(c) Use the given statement with regard to the challenges facing an
auditor to:(i)
Define what is „self-review‟
(ii)
Name and explain four examples of self-review threats
Candidates‟ performance in this question was satisfactory. Out of 726
candidates who answered the question, 690 (95.0%) candidates passed
while the remaining 36 (5.0%) candidates failed. Out of those who
passed 160 (22.0), 337 (46.4%) and 193 (26.6%) candidates scored pass,
credit and distinction marks respectively.
No major weakness was noted in this question.
QUESTION 3: GOVERNANCE AND ETHICS
Candidates were required to use the given information to:
(a) Identify five main departments and their functions in a business
company. Mention at least two functions for each department.
(b) Elaborate different types of Board of Directors.
(c) Identify and explain at least five unethical practices performed by
sales managers in business organizations.
Candidates‟ performance in this question was satisfactory. Out of 677
candidates who answered the question, 632 (93.4%) candidates passed
while the remaining 45 (6.6%) candidates failed. Out of those who
passed 188 (27.8%), 359 (53.0%) and 85 (12.6%) candidates scored
pass, credit and distinction marks respectively.
No major weakness was noted
80
QUESTION 4: STRATEGIC MANAGEMENT AND ETHICS
Candidates were required to use the given information to:
(a) (i) Analyse the importance of business plan to any entrepreneur.
(ii)Explain at least four ways in which a leader can increase his
referent power.
(b) Elucidate factors behind voluntary disclosure.
(c) Explain at least four types of ethical dilemmas facing accountants.
Candidates‟ performance in this question was not satisfactory. Out of
526 candidates who answered the question only 222 (42.2%) candidates
passed while the remaining 304 (57.8%) candidates failed. Out of those
who passed 202 (38.4%), 16 (3.0%) and 04 (0.8%) candidates scored
pass, credit and distinction marks respectively
Most candidates were not adequately prepared in this topic.
QUESTION 5: RISK AND RISK MANAGEMENT, GOVERNANCE AND
ETHICS
Candidates were required to use the given information to:(a) (i) Elaborate various types of risks that face entrepreneurs.
(ii)Name and explain various ways of managing risks in a business
industry.
(b) Discuss at least four issues involved in supervising the management
by the Board of Directors.
(c) Enumerate features of ethical relativism.
Candidates‟ performance in this question was satisfactory. Out of 593
candidates who answered the question, 466 (78.6%) candidates passed
while the remaining 127 (21.4%) candidates failed. Out of those who
passed 269 (45.4%), 179 (30.2%) and 18 (3.0%) candidates scored pass,
credit and distinction marks respectively
No major common weakness was noted in this question
81
QUESTION 6: STRATEGIC IMPLEMENTATION AND ETHICS
Candidates were required to use the given information to:(a) Discuss the importance of succession planning towards the
performance of an organization.
(b) Discuss five key functions of CEOs.
(c) Give brief explanations about theories
consequentialist and consequentialist theories)
provided
(non-
Candidates‟ performance in this question was not satisfactory. Out of
447 candidates who answered the question only 122 (27.3%) candidates
passed while the remaining 325 (72.7%) candidates failed. Out of those
who passed 92 (20.6%), 26 (5.8%) and 04 (0.9%) candidates scored
pass, credit and distinction marks respectively
Most candidates were not aware of what is succession planning.
QUESTION 7: RESISTANCE TO CHANGE, STRATEGY IMPLEMENTATION,
DECISION-MAKING MODEL, ETHICAL CONDUCT MANUAL
Candidates were required to use the given information to:(a) (i) Analyse the circumstances in which an organization can deal with
to reduce resistance to change in organizations.
(ii)Discuss any two factors that are important in an organization in
implementing a strategy.
(b) Identify the five questions to be answered before making any
decision as per Tucker‟s 5-question model.
(c) State the main ethical issues to be included in organizational code of
ethical conduct manual.
Candidates‟ performance in this question was satisfactory. Out of 212
candidates who answered the question 114 (53.8%) candidates passed
while the remaining 98 (46.2%) candidates failed. Out of those who
passed 80 (37.7%), 33 (15.6%) and 01 (0.5%) candidates scored pass,
credit and distinction marks respectively
Some of the candidates failed to discuss factors that are important in an
organization in implementing a strategy.
82
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 794 candidates who answered the examination, 730 (91.9%) candidates
passed while the remaining 64 (8.1%) candidates failed. Out of those who
passed 525 (66.1%) and 205 (25.8%) 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
10.1.11 below:
TABLE 10.1.11
B6 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF MARKS
NO. OF CANDIDATES
(FREQUENCY)
PERCENTAGE
00-39
64
40-59
525
60-79
205
80-100
0
TOTAL
794
8.1
66.1
25.8
0.0
100
TABLE 10.1.12
B6 COMPARISON OF PASS RATE WITH NOVEMBER 2014
EXAMINATIONS
November 2014
No. of candidates passed
217
November 2015
%
74.8
83
No. of candidates passed
730
% increase
%
91.9
17.1
INTRA LEVELS ANALYSIS OF CANDIDATES’
FOUNDATION AND INTERMEDIATE
PERFORMANCE
–
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 128 candidates who sat for examination
papers in both Foundation and Intermediate levels.
The performance is as indicated hereunder:
S/No.
1
2
3
4
5
6
7
8
9
FOUNDATION AND INTERMEDIATE
Number
Percent
7
5.5
40
31.3
28
21.9
0
0
9
7
13
10.1
0
0
13
10.1
18
14.1
100%
128
COMBINATION
Pass Both
Pass FOUND, Partial Pass INTER
Pass FOUND, Fail INTER
Partial Pass FOUND, Pass INTER
Partial Pass Both
Partial Pass FOUND, Fail INTER
Fail FOUND, Pass INTER
Fail FOUND, Partial Pass INTER
Fail Both
Total
84
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
C2
C3
C4
Corporate Reporting
Auditing and Assurance
Business and Corporate Finance
Public Finance and Taxation II
These examination papers have been tested for the second third 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 attempted both modules is shown at the end of
the level‟s report.
85
GENERAL OBSERVATIONS
During the November 2015 examination session, 1,956 candidates sat for Final Level
examinations out of whom 167 (8.5%) have passed this level and therefore eligible
for the award of STATEMENT OF SUCCESS, 594 (30.4%) have passed some of the
subjects while 1,195 (61.1%) have failed the examinations.
The general performance subject-wise for the Final level examination in this session is as
shown on Table 12.1 below:
TABLE 12.1
MODULE E SUBJECT -WISE PERFORMANCE ANALYSIS
Performance
Code
Subject
C1
November 2014
May 2015
November 2015
Entries
Pass
%
Entries
Pass
%
Entries
Pass
%
1514
485
32
1288
539
41.8
1,060
228
21.5
Corporate Reporting
C2
Auditing and
Assurance
1632
790
48.4
12111
596
49.2
1,048
433
41.3
C3
Business and
Corporate Finance
626
243
38.8
672
212
31.5
776
88
11.3
C4
Public Finance and
Taxation II
758
371
48.9
777
563
72.5
710
290
40.8
86
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:
PREPARING AND REPORTING INFORMATION FOR
FINANCIAL STATEMENTS AND NOTES.
THE REPORTING FRAMEWORK, GENERALLY ACCEPTED
PRACTICE AND CURRENT ISSUES.
Candidates were required to use the given information to:
(a) Discuss the philosophy behind „rules based‟ and „principles
based‟ accounting standards, setting out the ethical challenges
which may be faced by accountants if there were a switch
depending on a jurisdiction from „rules based‟ to „principles
based‟ accounting standards.
(b) Prepare a consolidated statement of profit or loss and other
comprehensive income for the given year end of the given
Company Group as per appropriate International Financial
Reporting Standards (IFRS).
Candidates‟ performance in this question was not satisfactory. All
1060 candidates who answered the question failed.
Major weakness in this question was that most candidates failed to
understand the philosophy behind rules based and principal based
accounting standards and jurisdiction ethical challenge during
transformation from „rules based‟ to „principles based‟ accounting
standards. Also most candidates fail to prepare a consolidated
statement of profit or loss and other comprehensive income.
87
QUESTION 2:
PREPARING AND REPORTING INFORMATION FOR
FINANCIAL STATEMENTS AND NOTES.
Candidates were required to use given information to;(a)
(b)
State the provisions of IAS 41: Agriculture, regarding
recognition and measurement of biological assets and
agricultural produce in the preparation and presentation of
financial statements
Prepare extracts of the statement of comprehensive income
and the Statement of Financial Position that show how
transactions entered into by given person in respect of
purchase and maintenance of the dairy herd would be
reflected in the financial statements of the entity for the given
year end.
Candidates‟ performance in this question was satisfactory. Out of
776 candidates who answered the question 525 (67.7%) candidates
passed while the remaining 251 (32.3%) candidates failed. Out of
those who passed 264 (34.0%), 213 (27.5%) and 48 (6.2%)
candidates scored pass, credit and distinction marks respectively.
No major weakness was observed.
QUESTION 3:
FINANCIAL AND BUSINESS ANALYSIS
Candidates were required to use the given information to:(a)
(b)
State with reasons, whether each of the above six
suggestions(taken in turn) could lead to a reduction in ROCE
Candidates are required to use given information to
(i) Calculate Gearing ratio, Return On Capital Employed
(ROCE), Earnings Per Share (EPS), Return on
Shareholders Fund (ROSF) and any other four ratios
that would be helpful in assessing the performance of a
given company. Use given end-of-year values and
calculate ratios for both 2013 and 2014.
(ii) Using the ratios calculated in (a) above and any others
you consider helpful, comment on the business‟s
performance from the viewpoint of a prospective
purchase of a majority of shares.
Candidates‟ performance in this question was satisfactory. Out of
371 candidates who answered the question 167 (45.0%) candidates
passed while the remaining 204 (55.0%) candidates failed. Out of
those who passed 112 (30.2%), 44 (11.7%) and 11 (3.1%) candidates
scored pass, credit and distinction marks respectively.
Some candidates could not compute the ratios in (b)(i) as observed.
88
QUESTION 4:
INTERPRETATION AND EVALUATION OF FINANCIAL
INFORMATION AND DISCLOSURE
Candidates were required to use given information to:(a)
(b)
Prepare notes for the financial accountant setting out and
explaining how each of the above matters should be
accounted for and disclosed in the financial statements of
given company for the given year end.
Explain why it is important for entities to understand the
impact of the classification of a financial instrument as debt
or equity in the financial statements.
Candidates‟ performance in this question was not satisfactory. Out
of 524 candidates who answered the question only 145 (27.7%)
candidates passed while the remaining 379 (72.3%) candidates
failed. Out of those who passed 122 (23.3%) and 23(4.4%)
candidates scored pass and credit marks respectively. No candidate
scored distinction marks in this question.
Most candidates did not understand the requirements of the
question.
QUESTION 5:
PREPARING AND REPORTING INFORMATION FOR
FINANCIAL STATEMENTS AND NOTES.
Candidates were required to use the given information to:(a) Define „event after reporting date‟.
(b) Use the given scenario to identify after reporting date
Events/transactions, indicating whether they are adjusting or nonadjusting and give out the reasons.
(c) Restate Provide the financial director with advice in regard to
applying the standard with reference to the possible acquisition and
its implication on the Pool group
Candidates‟ performance in this question was not satisfactory. Out of
646 candidates who answered the question only 142 (22.0%) candidates
scored pass marks while the remaining 504 (78.0%) candidates failed.
There were neither credit nor distinction marks in this questions.
Most candidates failed to identify year end adjusting /non adjusting
events according to IAS 10.
89
QUESTION 6:
PREPARING AND REPORTING INFORMATION FOR
FINANCIAL STATEMENTS AND NOTES.
Candidates were required to use the given information to.
(a) Translate the financial statements from the functional currency to
the presentational currency.
(b) Calculate the exchange difference that would be recorded in
statement of income for the given year end.
(c) Provide the financial director with advice in regard to applying the
standard with reference to the possible acquisition and its
implication on the Pool group.
(d) Provide the financial director with advice in regard to applying the
standard with implication of consolidating given parent company.
Candidates‟ performance in this question was satisfactory. Out of 795
candidates who answered the question, 432 (54.4%) candidates passed
while the remaining 363 (45.6%) candidates failed. Out of those who
passed 314 (39.5), 115 (14.5%) and 3 (0.4%) candidates scored pass,
credit and distinction marks respectively
No major weakness was observed.
90
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 1060 candidates who attempted the paper 228
(21.5%) candidates passed while the remaining 832 (78.5%)
candidates failed. Out of those who passed 226 (21.3%) and 02
(0.2%) 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 12.1.1
below:
TABLE 12.1.1
C1 CANDIDATES’ PERFORMANCE ANALYSIS
Classification of Marks
0-39
40-59
60-79
80-100
Total
No. of Candidates (Frequency)
832
226
02
0
1060
78.49
21.3
0.2
0
100
Percentage
TABLE 12.1.2
C1 COMPARISON OF PASS RATE WITH NOVEMBER 2014 EXAMINATIONS
November 2014
No. of candidates passed
485
November 2015
%
%
No. of candidates passed
%
decrease
32.0
228
21.5
10.5
91
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,
INTERNAL FINANCIAL CONTROLS.
II. EVALUATION OF ACCOUNTING TREATMENTS.
III. PLANNING AND UNDERTAKING WORK
Candidates were required to use given information to:
(a)
(b)
(c)
With examples explain any five matters that the auditor should
consider in determining whether a deficiency in internal
controls is significant.
Discuss any five (5) benefits of documenting audit work.
Discuss the implications of the matters described above on the
completion of the audit and on the auditor‟s report,
recommending any further actions which should be taken by
the auditor
Candidates‟ performance in this question was not satisfactory. Out of
1048 candidates who answered the question only 27 (2.6%) candidates
scored pass marks while the remaining 1021 (97.4%) candidates failed.
There were neither credit nor distinction marks in this questions.
Most candidates demonstrated a very weak understanding of scenario
type questions, and they reproduced their theoretical understanding.
92
QUESTION 2: ACCEPTING ENGAGEMENTS AND MANAGING
ASSIGNMENTS
Candidates were required to use given information to comment on the
quality control, ethical and professional issues raised in respect of the
audit of given company and the firm wide policies of given Associates,
recommend any actions to be taken by the audit firm.
Candidates‟ performance in this question was satisfactory. Out of 441
candidates who answered the question, 302 (68.5%) candidates passed
while the remaining 139 (31.5%) candidates failed. Out of those who
passed 139 (31.5%), 110 (24.9%) and 53 (12.1%) candidates scored
pass, credit and distinction marks respectively
No major weakness was observed.
QUESTION 3:
EXTERNAL AUDIT IN PUBLIC SECTOR
Candidates were required to use given information to:
(a)
(b)
Use given information to:
(i) Explain the Constitutional mandates of the Controller and
Auditor General.
(ii) Describe responsibilities of the Controller and Auditor
General.
(iii) Briefly elaborate any two types of audit conducted by the
Controller and Auditor General.
Discuss the value for money concepts in connection with the
public sector audit.
Candidates‟ performance in this question was satisfactory. Out of 904
candidates who answered the question, 685(75.8%) candidates passed
while the remaining 219 (24.2%) candidates failed. Out of those who
passed 399 (44.1%), 241 (26.7%) and 45 (5.0%) candidates scored pass,
credit and distinction marks respectively
No major weakness was observed
93
QUESTION 4: I.
ASSESMENT OF RISKS, INTERNAL CONTROLS,
INTERNAL FINANCIAL CONTROLS.
II. ACCEPTING ENGAGEMENTS AND MANAGING
ASSIGNMENTS.
III. LEGAL, REGULATORY AND ETHICAL ISSUES
Candidates were required to use given information to:(a)
(b)
(c)
Discuss any going concern issues you may have, clearly stating the
responsibility of management and auditors.
(i) Describe the meaning of „money laundering‟.
(ii) Comment on the adherence of professional ethics on
reporting money laundering activities to competent
authorities.
Describe how the firm may use analytical review in assessing the
risk in a given company and suggest the information you may
require to enable you to use analytical reviews.
Candidates‟ performance in this question was satisfactory. Out of 654
candidates who answered the question only 303 (46.3%) candidates
passed while the remaining 351 (53.7%) candidates failed. Out of those
who passed 218 (33.3%), 80(12.2%) and 05 (0.8%) candidates scored
pass, credit and distinction marks respectively.
Most of candidates concentrated in writing responsibilities and function
of the Controller and Auditor General and forget about power which was
the requirement of the question.
QUESTION 5: LEGAL, REGULATORY AND ETHICAL ISSUES
Candidates were required to use the given information to.
(a)
(b)
(c)
With Describe the matters you should consider and the action you
will take to ensure your firm remains independent as external
auditor of the annual financial statements
Describe the advantages and disadvantages to which will be gained
by given company for your firm providing them internal audit
services.
Describe the advantages and disadvantages to your firm for
providing internal audit services to given company.
Candidates‟ performance in this question was satisfactory. Out of 745
candidates who answered the question 449 (60.3%) candidates passed
while the remaining 296 (39.7%) candidates failed. Out of those who
passed 287 (38.5%), 151 (20.3%) and 11 (1.5%) candidates scored pass,
credit and distinction marks respectively.
No major weakness was observed.
94
QUESTION 6: DRAWING CONCLUSIONS AND REPORTING
Candidates were required to comment on the suitability of the
recommended audit opinions clearly stating the arguments for or against
the recommendations.
Candidates‟ performance in this question was not satisfactory. Out of
402 candidates who answered the question only 92 (22.9%) candidates
passed while the remaining 310 (77.1%) candidates failed. Out of those
who passed 77 (19.2%), 151 (3.5%) and 1 (0.3%) candidates scored pass,
credit and distinction marks respectively.
Most candidates failed to comment on the suitability of the recommended
audit opinions clearly stating the arguments for or against the
recommendations.
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 1048 candidates who answered the examination only 433 (41.3%)
candidates passed while the remaining 615 (58.7%) candidates failed. Out
of those who passed 411 (39.2%), 20 (1.9%) and 02 (0.2%) candidates
scored pass, credit and distinction marks respectively
The candidates‟ over-all performance in the subject is as shown on table
12.1.3 below:
TABLE 12.1.3
C2 CANDIDATES’ PERFORMANCE ANALYSIS
Classification of Marks
0-39
40-59
60-79
80-100
Total
No. of Candidates (Frequency)
615
411
20
02
1048
58.68
39.22
1.9
0.2
100
Percentage
TABLE 12.1.4
C2 COMPARISON OF PASS RATE WITH NOVEMBER 2014 EXAMINATIONS
November 2014
No. of candidates passed
790
November 2015
%
48.4
No. of candidates passed
433
95
% decrease
%
41.3
7.1
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. BUSINESS STRATEGY
II. FINANCIAL ENGINEERING AND PLANNING
(a) Use given information to:
(i) Assess given company‟s current position using SWOT
analysis. Each point should be clearly explained and the most
important factors should be highlighted. Where appropriate,
make reasonable assumptions.
(ii) Write a memorandum to the directors, as a strategic advisor,
which develop the above SWOT analysis to set out the key
features of a strategic plan for the given company. Use the
following headings:
• Future investment policy and financial resources
• Organizational structure
• Future strategic direction
(b) Assume the swap goes ahead on the original terms proposed by a
given Commercial Bank and the LIBOR turns out to be 9% per
annum for the whole year, advise a given company on the
worthiness of the proposed swap.
Candidates‟ performance in this question was not satisfactory. Out of
776 candidates who answered the question only 05 (0.6%) candidates
scored pass marks while the remaining 771 (99.4%) candidates failed.
There were neither credit nor distinction marks in this questions.
Most candidates failed to given company‟s current position using
SWOT analysis and to advise a given company on the worthiness of
the proposed swap.
96
QUESTION 2: FINANCIAL ANALYSIS
Candidates were required to use given information to:
(a)
Calculate the company‟s Weighted Average Cost of Capital
(WACC) as at given specific date.
(b)
Write a brief report to the board of directors highlighting the
factors that the directors need to consider when making the
financing decision between debt and equity.
Candidates‟ performance in this question was not satisfactory. Out of
472 candidates who answered the question only 118 (25.0%) candidates
passed while the remaining 354 (75.0%) candidates failed. Out of those
who passed 337 (23.7%) and 06 (1.3%) candidates scored pass and
credit marks respectively. No candidate scored distinction marks in this
question.
Most candidates failed to calculate company‟s Weighted Average Cost of
Capital (WACC) as at given specific date and highlighting the factors
that the directors need to consider when making the financing decision
between debt and equity.
.
QUESTION 3: I.WORKING CAPITAL MANAGEMENT
II.FINANCIAL ANALYSIS
(a)
Candidates were required to use given information to comment on
the argument that „profitability‟ and „liquidity‟ are twin objectives
of working capital management
(b) Candidates were required to use given information to
(i) Calculate and comment on the current price of a given
Company‟s bond.
(ii) Prepare a brief report for a given company‟s Board which
describes the usefulness of duration and calculate:
 Duration of the bond
 Change in bond price both in percentage and in TZS should
the market interest rates increase from 10% to 12% as per
management forecast
Candidates‟ performance in this question was not satisfactory. Out of
386 candidates who answered the question only 12 (3.1%) candidates
passed while the remaining 374 (96.9%) candidates failed. Out of those
who passed 11 (2.9%) and 01 (0.2%) candidates scored pass and credit
marks respectively. No candidate scored distinction marks in this
question.
Most candidates failed calculate and comment on the current price of the
given company‟s bond and provide argument that „profitability‟ and
„liquidity‟ are twin objectives of working capital management
97
QUESTION 4: FINANCIAL ENGINEERING AND PLANNING
(a)
Candidates were required to use given information to:(i)
(b)
Calculate TZS receivable by a given Company if, to hedge
its receipt from a given Company, it uses:
a. Traded Currency Options
b. Sterling Future
Assume a spot rate of TZS.2,429/£ on 1st January 2016 and
futures price of TZS.2,433
(ii) Advise a given Company‟s management how it should
proceed with reference to the calculations in part (i) above,
Use the given information supported by a calculated EVA of a
given company as at given year end to prepare a report to examine
its usefulness and limitations.
Candidates‟ performance in this question was not satisfactory. Out of
387candidates who answered the question only 19 (4.9%) candidates
passed while the remaining 368 (95.1%) candidates failed. Out of those
who passed 17 (4.4%) and 02 (0.5%) candidates scored pass and credit
marks respectively. No candidate scored distinction marks in this
question.
Most candidates failed to calculate receivables on hedging in options,
futures and EVA.
QUESTION 5: FINANCIAL ENGINEERING AND PLANNING
(a) Candidates were required to use the given information to:
(i) Calculate how much given Company would have to pay in TZS if
a forward contract was used to hedge the transaction risk.
(ii) Calculate how much given Company would have to pay in TZS if
the money market was used to hedge the transaction risk.
(iii) Advise a given Company on the more economical hedging
alternative
(b) Candidate were required to use the given information to:
(i) Calculate given company‟s current gearing based on market
values and measured as:
 Debt/(Debt + Equity)
 Debt/Equity
(ii) Evaluate the Finance Director‟s stated opinion that given
company‟s gearing should not be increased in the current
economic climate. Your answer should take into account:
 The risk profile of a given company
 Practical considerations affecting the optimum choice of
gearing.
98
Candidates‟ performance in this question was not satisfactory. Out of
576 candidates who answered the question only 74 (12.9%) candidates
passed while the remaining 502 (87.1%) candidates failed. Out of those
who passed 68 (11.8%), 05 (0.9%) and 01 (0.2%) candidates scored
pass, credit and distinction marks respectively.
The majority of candidates failed to evaluate the Finance Director‟s
stated opinion.
QUESTION 6: BUSINESS ANALYSIS
Candidates were required to use the given information to estimate the
value of given Company using:(a)
(b)
(c)
(d)
Net Assets Value (Replacement Cost)
Dividend Based Valuation
P/E Ratio valuation
Discounted Cash flow Valuation
Candidates‟ performance in this question was not satisfactory. Out of
493 candidates who answered the question only 61 (12.4%) candidates
passed while the remaining 432 (87.6%) candidates failed. Out of
those who passed 21 (4.3%), 34 (6.9%) and 06 (1.2%) candidates
scored pass, credit and distinction marks respectively.
Candidates failed to adhere to the requirements of the question. .
99
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 776 candidates who answered the paper 88
(11.3%) candidates passed while the remaining 688 (88.7%)
candidates failed. Out of those who passed 87 (11.2%) and 01 (0.1%)
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
12.1.5 below:
TABLE 12.1.5
C3 CANDIDATES’ PERFORMANCE ANALYSIS
Classification of Marks
0-39
40-59
60-79
80-100
Total
No. of Candidates (Frequency)
688
87
01
0
776
88.66
11.2
0.1
0
100
Percentage
TABLE 12.1.6
C3 COMPARISON OF PASS RATE WITH NOVEMBER 2014 EXAMINATIONS
November 2014
November 2015
% decrease
No. of candidates passed
%
No. of candidates passed
%
243
38.8
88
11.3
100
27.5
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:
PUBLIC FINANCE AND TAXATION THEORY AND POLICY
Candidates were required to use given information:
(a)
(b)
(c)
(d)
(e)
(f)
Analyse the explanatory factors that could cause a drop in tax
revenue.
Using the experience above, explain why this is the case and
justify whether there is a positive correlation between revenue
and expenditure instability
Advise on the fiscal and non-fiscal measures which may combat
that problem.
Discuss your understanding of this statement in the light of
essential elements of a sound tax reform and relevant measures
to widen tax base.
Critically appraise this statement in the light of current tax
exemption practices in a given country
Give comments on the persistent fiscal imbalances, over the
decades when the given country‟s tax base still appears to rest
heavily on the traditional excise and consumption tax base.
Candidates‟ performance in this question was not satisfactory. Out of
710 candidates who answered the question only 65 (9.2%) candidates
passed while the remaining 645 (90.8%) candidates failed. Out of
those who passed 64(9.1%) and 01 (0.1%) candidates scored pass and
credit marks respectively. No candidate scored distinction marks in
this question
Most of candidates demonstrated poor understanding in public finance
issues.
101
QUESTION 2: TAX LAW AND PRACTICE
Candidates were required to:(a)
Critically advise on tax assessment in accordance with URT legal
provisions on issues provided in question.
(b) Candidates were required to
(i) Differentiate between „GDP at factor cost‟ from the „GDP
at market Price‟.
(ii) Compute the following from the above given data:








GDP (at factor cost)
GDP (at market price)
GNP
Gross Domestic Expenditure
Gross National Expenditure
Net Domestic Product
Net National Product
Derivation of Net factor income from abroad
Candidates‟ performance in this question was not satisfactory. Out of
390 candidates who answered the question only 77 (19.7%) candidates
passed while the remaining 313 (80.23%) candidates failed. Out of
those who passed 68 (17.4%), 7 (1.8%) and 02 (0.5%) candidates
scored pass, credit and distinction marks respective
Most candidates failed to compute economic growth measures
parameters like GDP, GNP NDP and NNP.
QUESTION 3: I. PUBLIC FINANCE
II.TAX LAW AND PRACTICE
Candidates were required to use given information to
(a) State what changes would be suggested, to be made to the
provisions of the Income Tax Act, Cap 332 R.E. 2008 to reflect
the Government‟s policy of encouraging agriculture under the big
results now slogan
(b)
Evaluate this statement in light of the role of government
intervention through taxation policy.
(c) Illustrate, through hypothetical figures, on how transfer pricing can
be used by multination‟s to maximize their after tax profits by tax
avoidance.
(i) Discuss on various measures aimed at solving the problem of
avoiding tax through transfer pricing.
102
(ii) Outline Tanzania Revenue Authority‟s (TRA‟s) response in
addressing the issue of transfer pricing.
(iii) Discuss the effect of transfer pricing on the tax burden
carried by other tax payers.
(iv) Analyse how abuses in transfer pricing strategies may arise.
Candidates‟ performance in this question was not satisfactory. Out of
391 candidates who answered the question only 79 (20.2%) candidates
passed while the remaining 312 (79.8%) candidates failed. Out of those
who passed 61 (15.6%), 16 (4.1%) and 02 (0.5%) candidates scored
pass, credit and distinction marks respective
Most candidates expressed poor understanding of the terms that were
used in the question.
QUESTION 4: SETTLEMENT OF TAX DISPUTES
Candidates were required to;(a) Outline the full procedure provided for by the Tax Revenue
Appeals Act, 2000 for handling disputes relating to assessments.
(b) Distinguish between the Tax Revenue Appeals Tribunal and the
Tax Revenue Appeals Board.
Candidates‟ performance in this question was satisfactory. Out of 515
candidates who answered the question 237 (46.0%) candidates passed
while the remaining 278 (54.0%) candidates failed. Out of those who
passed 127 (24.7%), 73 (14.2%) and 37 (7.1%) candidates scored pass,
credit and distinction marks respectively.
Few candidates showed poor knowledge in explain procedure provided
for by the Tax Revenue Appeals Act, 2000 for handling disputes
relating to assessments.
QUESTION 5: TAX LAW AND PRACTICE: INCOME TAXATION
Candidates were required to:(a) Compute the total taxable income from the partnership business.
(b) Distribute the profit amongst the partners for the given year end.
(c) Ascertain the taxable income of each partner for the given year of
income.
Candidates‟ performance in this question was not satisfactory. Out of
366 candidates who answered the examination only 78 (21.3%)
candidates passed while the remaining 288 (78.7%) candidates failed.
103
Out of those who passed 74 (20.2%), and 04 (1.1%) candidates scored
pass, credit respectively. No candidate scored distinction in this question.
Most candidates could not compute total taxable income from the
partnership business.
QUESTION 6: TAXATION FOR SPECILAISED INDUSTRY
Candidates were required to:(a)
(b)
(c)
Explain with reference to the Income Tax Act, Cap 332 R.E. 2008,
the significance of classifying a person as resident in the United
Republic for income tax purposes.
Explain what conditions should be fulfilled before any foreign tax
credit relief can be granted
(i) Calculate the taxable income of given Insurance Company for
the contract.
(ii) Calculate the taxable income of given Insurance Company from
the contract.
Candidates‟ performance in this question was not satisfactory. Out of
474 candidates who answered the examination only 117 (24.7%)
candidates passed while the remaining 357 (75.3%) candidates failed.
Out of those who passed 93 (19.6%), and 24 (5.1%) candidates scored
pass, credit respectively. No candidate scored distinction in this
question.
Most candidates could not compute total taxable income from the
insurance company‟s and explain conditions that should be fulfilled
before any foreign tax credit relief can be granted.
104
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 710 candidates who answered the paper 290
(40.8%) candidates passed while the remaining 420 (59.2%)
candidates failed. Out of those who passed 277 (39.0%), 13 (1.8%)
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
12.1.7 below:
TABLE 12.1.7
C4 CANDIDATES’ PERFORMANCE ANALYSIS
Classification of Marks
0-39
40-59
60-79
80-100
Total
No. of Candidates (Frequency)
420
277
13
0
710
59.15
39.0
1.8
0
100
Percentage
TABLE 12.1.8
C4 COMPARISON OF PASS RATE WITH NOVEMBER 2014 EXAMINATIONS
November 2014
No. of candidates passed
371
November 2015
% decrease
%
No. of candidates passed
%
48.9
290
40.8
105
8.1
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 871 candidates who sat examination papers
in the Intermediate and Final Levels respectively.
Their performance is as indicated hereunder:
S/No.
1
2
3
4
5
6
7
8
9
COMBINATION
Pass Both
Pass INTER, Partial Pass FINAL
Pass INTER, Fail FINAL
Partial Pass INTER, Pass FINAL
Partial Pass Both
Partial Pass INTER, Fail FINAL
Fail INTER, Pass FINAL
Fail INTER, Partial Pass FINAL
Fail Both
Total
106
INTERMEDIATE & FINAL
Number
Percent
34
3.9
0
0
86
9.9
0
0
0
0
26
3
37
4.2
0
0
688
78.9
871
100%
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 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.
2.
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.
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 students to devote more time in their studies and help
them to obtain relevant materials and reference books for the particular subjects.
5.
Tutors should expose their students to examination techniques including how to
tackle a question in on examination room.
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 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.
8.
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.
107
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.
108
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 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.
23.
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.
24.
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.
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.
109
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.
110
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.
111
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.
112
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
After 7 days
After 14 days
After 21 days
After 28 days
After 63 days
54% was remembered.
35% was remembered.
21% was remembered.
18% was remembered.
19% was remembered.
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 selfstudy 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.
113
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.
114
CHAPTER IV
CANDIDATURE DISTRIBUTION
The Board‟s examination candidature comes from various training institutions (Tuition
Providers) in the country. The November 2015 examination session drew candidates
from the following institutions as per Table 14 below:
TABLE 14
NO. OF CANDIDATES
S/N
NAME OF INSTITUTION
1
2
PRIVATE
PT BRIGHT
MOROGORO
PT CCA
PT CCU
PT CORNERSTONE
PT COVENANT FC
PT EVIN
PT FANI
PT KAS
PT PAC- ARUSHA
PT PTC MWANZA
PT RUTER
PT EXCEL MOSHI
PT SJCS
PT PERFECT- SONGEA
PT PERFECT – FUTURE
PT BFC
PT FC
PT INSPIRE
PT MMK DODOMA
PT NAO
PT WETA
PT APT
PT BHC
PT TU IRINGA
PT ZIBCO
PT BETA
PT UPTAKE
PT AFC
PT ACG
PT ZENJI
PT CBE - DODOMA
PT RMK
PT ATTIUDE
PT DBC
TOTAL APPLIED
ABSENTEEISM
TOTAL SAT
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
ATEC
I
ATEC
II
FOUNDATION
LEVEL
INTERMEDIATE
LEVEL
FINAL
LEVEL
TOTAL
14
22
92
611
363
1102
8
59
37
105
6
11
36
95
9
4
55
17
10
3
5
152
958
603
10
29
140
27
6
87
60
458
457
1
5
68
13
3
44
1
2
6
3
2
41
66
18
5
10
14
4
27
23
23
483
43
15
1
1
136
1
3617
503
3114
1
1
2
2
11
30
17
3
7
8
1
16
18
15
342
36
11
1
1
18
1
10
16
1
1
43
11
2
1
13
3
18
21
2
42
15
1
6
6
5
1
4
1
1
120
9
111
44
1
2
2
1
407
43
364
1
145
11
134
115
84
2115
159
1956
48
4
276
1548
1072
16
174
251
46
13
136
6
4
7
5
4
58
101
35
8
17
22
5
44
46
38
870
80
28
2
1
222
3
6404
725
5679
KEY:
1
2
3
4
5
6
7
8
9
10
11
12
PRIVATE
PT BRIGHT - MOROGORO
PT CCA
PT CCU
PT CORNERSTONE
PT COVENANT- FC
PT EVIN
PT FANI
PT KAS
PT PAC- ARUSHA
PT PTC MWANZA
PT RUTER
13
PT EXCEL- MOSHI
14
15
16
17
PT SJCS
PT PERFECT- SONGEA
PT PERFECT – FUTURE
PT BFC
18
PT FC
19
20
21
22
23
24
25
26
27
28
PT INSPIRE
PT MMK DODOMA
PT NAO
PT WETA
PT APT
PT BHC
PT TU IRINGA
PT ZIBCO
PT BETA
PT UPTAKE
29
PT AFC
30
31
32
33
34
PT ACG
PT ZENJI
PT CBE - DODOMA
PT RMK
PT ATTITUDE
35
PT DBC
-
Part-time Review Classes conducted by Bright of Morogoro
Commercial College of Arusha
Cornerstone Financial Consultants
Covenant Financial Consultants
Part-Time Review Classes conducted by Evin School of Management
Fani Business Consultants
KAS Institute of Professionals (T) Ltd. – DSM.
Part-Time Review Classes Conducted by PAC Consultants of Arusha
Professional Training Centre - Mwanza
Ruter Business and Management Services
Part-Time Review Classes Conducted by Excel Financial & Tax Solutions of
Moshi
St. Joseph‟s Commercial School – Tanga
Perfect Trainers and Business Consultants
The Perfect Future Consultants
Business Finance Consultants – DSM
Part-Time Review Classes Conducted by First Contact Institute of Business
Administration & Information Technology
Inspire Consultants Ltd
Part-Time Review Classes conducted by MMK - Dodoma
Part-Time Review Classes Conducted by National Audit Office – DSM
Western Tanganyika College
APT Financial Consultants – DSM
Part-Time Review Classes conducted by Business Horizon Consultants
Part-Time Review Classes Conducted by Tumaini University – Iringa Campus
Zanzibar Intellectual and Business Consultants
Beta Business Consultants
UPTAKE Business Resources (T) Ltd
Part-Time Review Classes conducted by Accountants and Financial Consultants
Ltd
Part-Time Review Classes Conducted by Accountant General‟s Office
Zenji Review and Consultancy - Zanzibar
Part-time Review Classes conducted by College of Business Education – Dodoma
RMK Commercial Consultants – Arusha
Attitude Financial Consultants
Part-Time Review Classes Conducted by Delve Business Consultants Co. Ltd. of
DSM
116
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
PT CORNERSTONE
FOUNDATION LEVEL:
PT KAS
INTERMEDIATE LEVEL:
PT EXCEL - MOSHI
FINAL LEVEL:
No candidate qualify 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
117
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
3rd
-
PT BRIGHT MOROGORO & FANI
PT EVIN & PTC MWANZA
Category B: Above 5 Candidates
1st
2nd
3rd
-
PT CORNERSTONE
PT COVENANT.FC
PT PAC ARUSHA
Category A: 1-5 Candidates
1st
2nd
3rd
-
PT AFC
PT EVIN
PT PTC MWANZA
Category B: Above 5 Candidates
1st
2nd
3rd
-
PT SJCS
PT CORNERSTONE
PT COVENANT.FC
Category A: 1-20 Candidates
1st
2nd
-
PT RUTER
PT ACG & PERFECT SONGEA
Category B: Above 20 Candidates
1st
2nd
3rd
-
PT COVENANT F.C
PT AFC
PT CORNERSTONE
Category A: 1-20 Candidates
1st
2nd
3rd
-
PT RMK
PT WETA
PT PERFECT-SONGEA
Category B: Above 20 Candidates
1st
2nd
3rd
-
PT INSPIRE
PT COVENANT-FC
PT UPTAKE
1st
2nd
3rd
-
1st
2nd
3rd
-
ATEC II:
FOUNDATION LEVEL:
INTERMEDIATE LEVEL:
FINAL LEVEL:
Category A: 1-20 Candidates
Category B: Above 20 Candidates
118
PT WETA
PT UPTAKE
PT FANI & BHC
PT COVENANT F.C
PT CORNERSTONE
PT EXCEL MOSH1
TABLE 15.1
SUMMARY OF RESULTS BY EXAMINATION LEVEL AND INSTITUTION WISE
1-5 CANDIDATES - ACCOUNTING TECHNICIAN LEVEL I
Entered
Absent
Sat
No of
papers
PT - BRIGHT
MOROGORO
1
0
1
4
PT - FANI
1
0
1
4
PT - EVIN
1
0
1
4
PT - PTC MWANZA
2
0
2
PT - RUTER
1
0
1
PT - BETA
1
1
PT - CCU
1
Subtotals
8
Institution
No of
A
% of
A
No of
B
% of
B
No of
C
% of C
No of
F
% of F
GPA
Ranking
0
0.0%
0
0.0%
4
100.0%
0
0.0%
1.00
1
0
0.0%
0
0.0%
4
100.0%
0
0.0%
1.00
1
0
0.0%
0
0.0%
2
50.0%
2
50.0%
0.50
3
4
0
0.0%
0
0.0%
2
50.0%
2
50.0%
0.50
3
4
0
0.0%
0
0.0%
1
25.0%
3
75.0%
0.25
5
0
0
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0.00
6
1
0
0
0
0.0%
0
0.0%
0
0.0%
0
0.0%
0.00
6
2
6
20
0
0.0%
0
0.0%
13
65.0%
7
35.0%
RANKING
1ST
2RD
-
PT BRIGHT MOROGORO & FANI
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.
119
TABLE 15.1
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 - Cornerstone
10
1
9
26
1
3.8%
3
11.5%
14
53.8%
8
30.8%
0.88
1
PT - Covenant F. C.
16
0
16
43
1
2.3%
5
11.6%
23
53.5%
14
32.6%
0.84
2
PT - PAC - ARUSHA
11
2
9
16
0
0.0%
0
0.0%
9
56.3%
7
43.8%
0.56
3
PT - KAS
43
2
41
107
1
0.9%
7
6.5%
42
39.3%
57
53.3%
0.55
4
PT - CCA
18
0
18
49
0
0.0%
1
2.0%
15
30.6%
33
67.3%
0.35
5
Subtotals
98
5
93
241
3
1.2%
16
6.6%
103
42.7%
119
49.4%
1ST
2ND
3RD
-
PT Cornerstone
PT Covenant F. C
PT PAC ARUSHA
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?
120
TABLE 15.2
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
0
0.0%
1.00
1
2
40.0%
0.60
2
50.0%
1
50.0%
0.50
3
33.3%
2
66.7%
0.33
4
0.0%
2
100.0%
0.00
5
46.2%
7
53.8%
PT - AFC
1
0
1
1
0
0.0%
0
0.0%
1
100.0%
PT - EVIN
2
0
2
5
0
0.0%
0
0.0%
3
60.0%
PT - PTC MWANZA
1
0
1
2
0
0.0%
0
0.0%
1
PT - CCU
3
1
2
3
0
0.0%
0
0.0%
1
PT - DBC
1
0
1
2
0
0.0%
0
0.0%
0
Subtotals
8
1
7
13
0
0.0%
0
0.0%
6
1ST
1ST
3RD
-
PT AFC
PT EVIN
PT 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.
121
TABLE 15.2 (b)
SUMMARY OF RESULTS BY EXAMINATION LEVEL AND INSTITUTION WISE
ABOVE 5 CANDIDATES - ACCOUNTING TECHNICIAN LEVEL II
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
6
0
6
24
0
0.0%
12
50.0%
12
50.0%
0
0.0%
1.50
1
PT - CornerStone
18
4
14
44
9
20.5%
5
11.4%
20
45.5%
10
22.7%
1.30
2
PT - Covenant F. C.
21
0
21
46
0
0.0%
1
2.2%
26
56.5%
19
41.3%
0.61
3
PT - PAC - ARUSHA
15
0
15
39
0
0.0%
0
0.0%
20
51.3%
19
48.7%
0.51
4
PT - KAS
42
3
39
130
0
0.0%
0
0.0%
47
36.2%
83
63.8%
0.36
5
PT - CCA
13
0
13
33
0
0.0%
0
0.0%
8
24.2%
25
75.8%
0.24
6
115
7
108
316
9
2.8%
18
5.7%
133
42.1%
156
49.4%
Institution
Subtotals
1ST
2ND
3RD
-
PT SJCS
PT CORNERSTONE
PT PAC – COVENANT F.C
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.
122
TABLE 15.3 (a)
SUMMARY OF RESULTS BY EXAMINATION LEVELS AND INSTITUTIONS
1- 20 CANDIDATES - FOUNDATION LEVEL
Entered
Absent
Sat
No of
papers
No of
A
% of
A
No of
B
% of B
No of
C
% of C
No of
F
PT - RUTER
3
1
2
2
% of F
GPA
Ranking
0
0.0%
1
50.0%
PT - ACG
1
0
1
1
0
0.0%
0
0.0%
1
50.0%
0
0.0%
1.50
1
1
100.0%
0
0.0%
1.00
2
PT - PERFECT SONGEA
1
0
1
2
0
0.0%
0
PT - EVIN
9
1
8
15
0.0%
2
100.0%
0
0.0%
1.00
2
0
0.0%
PT - FANI
PT - PAC ARUSHA
PT - PTC Mwanza
4
17
10
2
1
0
2
0
16
0
10
6
39
30
0
0.0%
13
86.7%
2
13.3%
0.87
4
0.0%
1
16.7%
3
50.0%
2
33.3%
0.83
5
0.0%
4
10.3%
23
59.0%
12
30.8%
0.79
6
PT - EXCEL - MOSHI
5
0
5
10
0
0.0%
3
10.0%
17
56.7%
10
33.3%
0.77
7
PT - BRIGHT MORO
PT - MMK Dodoma
8
5
0
0
8
5
31
14
0
0.0%
0
0.0%
7
70.0%
3
30.0%
0.70
8
0
0.0%
5
16.1%
10
32.3%
16
51.6%
0.65
9
0
0.0%
0
0.0%
9
64.3%
5
35.7%
0.64
10
PT - CCA
6
0
6
13
PT - BETA
4
1
0
0.0%
0
0.0%
8
61.5%
5
38.5%
0.62
11
3
5
PT - ATITTUDE
2
0
0.0%
0
0.0%
3
60.0%
2
40.0%
0.60
12
0
2
2
0
0.0%
0
0.0%
1
50.0%
1
50.0%
0.50
13
PT - INSPIRE
PT - DBC
6
2
4
11
0
0.0%
0
0.0%
3
27.3%
8
72.7%
0.27
14
1
0
1
1
0
0.0%
0
0.0%
0
0.0%
1
100.0%
0.00
15
PT - ZENJI
PT - ZIBCO
2
1
0
0
2
0
0.0%
0
0.0%
0
0.0%
3
100.0%
0.00
15
1
3
1
0
0.0%
0
0.0%
0
0.0%
1
100.0%
0.00
15
Subtotals
85
8
77
186
0
0.0%
14
7.5%
101
54.3%
71
38.2%
Institution
1ST
2ND
-
PT RUTER
PT NAO & PERFECT SONGEA
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.
123
TABLE 15.3 (b)
SUMMARY OF RESULTS BY EXAMINATION LEVELS AND INSTITUTIONS
ABOVE 20 CANDIDATES - FOUNDATION LEVEL
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.
95
8
87
202
2
1.0%
34
16.8%
107
53.0%
59
29.2%
0.90
1
PT - AFC
44
4
40
107
0
0.0%
17
15.9%
61
57.0%
29
27.1%
0.89
2
PT - CornerStone
36
4
32
86
1
1.2%
13
15.1%
42
48.8%
30
34.9%
0.83
3
PT - KAS
Subtotals
55
4
51
154
1
0.6%
11
7.1%
68
44.2%
74
48.1%
0.60
4
230
20
210
549
4
0.7%
75
13.7%
278
50.6%
192
35.0%
Institution
1ST
2ND
3RD
-
PT Covenant F.C
PT AFC
PT Cornerstone
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.
124
TABLE 15.4 (a)
SUMMARY OF RESULTS BY EXAMINATION LEVELS AND INSTITUTIONS
1-20 CANDIDATES - INTERMEDIATE LEVEL
Institution
PT - RMK
PT - WETA
PT - PERFECT-SONGEA
PT - FANI
PT - ZENJI
PT - RUTER
PT - CCA
PT - APT
PT - BHC
PT - TU IRINGA
PT - PERFECT-FUTURE
PT - BFC
PT - CBE DODOMA
PT - DBC
PT - FC
PT - NAO
Subtotals
Entered
1
5
2
10
15
6
11
10
14
4
6
3
1
1
2
18
109
Absent
0
0
0
2
6
0
0
4
0
0
2
0
0
1
0
11
26
1ST
-
PT FTC & PT RK MOROGORO
3RD
-
PT ZIBCO
Sat
1
5
2
8
9
6
11
6
14
4
4
3
1
0
2
7
83
No of
papers
1
9
2
27
17
16
27
11
18
9
13
4
1
0
2
9
166
No of
A
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
% of
A
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
No of
B
0
1
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
% of
B
0.0%
11.1%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.6%
No of
C
1
3
1
11
7
5
7
2
3
1
1
0
0
0
0
0
42
% of C
100.0%
33.3%
50.0%
40.7%
41.2%
31.3%
25.9%
18.2%
16.7%
11.1%
7.7%
0.0%
0.0%
0.0%
0.0%
0.0%
25.3%
No of
F
0
5
1
16
10
11
20
9
15
8
12
4
1
0
2
9
123
% of F
0.0%
55.6%
50.0%
59.3%
58.8%
68.8%
74.1%
81.8%
83.3%
88.9%
92.3%
100.0%
100.0%
0.0%
100.0%
100.0%
74.1%
GPA
1.00
0.56
0.50
0.41
0.41
0.31
0.26
0.18
0.17
0.11
0.08
0.00
0.00
0.00
0.00
0.00
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.
125
Ranking
1
2
3
4
4
6
7
8
9
10
11
12
12
12
12
12
TABLE 15.4 (b)
SUMMARY OF RESULTS BY EXAMINATION LEVELS AND INSTITUTIONS
ABOVE 20 CANDIDATES - INTERMEDIATE LEVEL
Entered
41
Absent
8
Sat
33
No of
papers
98
PT - Covenant F. C.
PT - CornerStone
PT - EXCEL - MOSHI
PT - UPTAKE
PT - MMK Dodoma
PT - AFC
958
152
87
23
66
483
82
19
4
8
5
46
876
133
83
15
61
437
2403
310
274
28
129
923
PT - PAC - ARUSHA
PT - ATTITUDE
PT - EVIN
PT - ZIBCO
PT - BETA
PT - BRIGHT MORO
140
136
603
27
23
59
13
14
139
9
4
8
127
122
464
18
19
51
301
280
915
41
31
117
PT - PTC Mwanza
PT - KAS
27
29
1
4
26
25
2854
364
2490
Institution
PT - INSPIRE
Subtotals
1ST
2ND
3RD
-
No of
A
1
1
0
0
0
0
% of
A
1.0%
0.0%
0.0%
0.0%
0.0%
0.0%
No of
B
11
204
24
19
2
5
% of
B
11.2%
8.5%
7.7%
6.9%
7.1%
3.9%
No of
C
37
1006
128
118
12
43
% of
C
37.8%
41.9%
41.3%
43.1%
42.9%
33.3%
No of
F
49
1192
158
137
14
81
% of
F
50.0%
49.6%
51.0%
50.0%
50.0%
62.8%
GPA
0.63
0.59
0.57
0.57
0.57
0.41
Ranking
1
2
3
3
3
6
0
0
0
0
0
0
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
41
11
8
18
1
1
4.4%
3.7%
2.9%
2.0%
2.4%
3.2%
276
96
86
272
11
7
29.9%
31.9%
30.7%
29.7%
26.8%
22.6%
606
194
186
625
29
23
65.7%
64.5%
66.4%
68.3%
70.7%
74.2%
0.39
0.39
0.36
0.34
0.32
0.29
7
7
9
10
11
12
58
69
0
0
0
0.0%
0.0%
0.0%
3
1
0
2.6%
1.7%
0.0%
27
12
14
23.1%
20.7%
20.3%
87
45
55
74.4%
77.6%
79.7%
0.28
0.24
0.20
13
14
15
5977
2
0.0%
349
5.8%
2145
35.9%
3481
58.2%
PT Covenant F. C.
PT ConerStone
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.
126
TABLE 15.4 (a)
SUMMARY OF RESULTS BY EXAMINATION LEVELS AND INSTITUTIONS
1-20 CANDIDATES - FINAL LEVEL
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 - WETA
3
0
3
5
0
0.0%
0
0.0%
3
60.0%
2
40.0%
0.60
1
PT - UPTAKE
15
3
12
17
0
0.0%
0
0.0%
6
35.3%
11
64.7%
0.35
2
PT - BHC
8
0
8
12
0
0.0%
0
0.0%
4
33.3%
8
66.7%
0.33
3
PT - FANI
1
0
1
3
0
0.0%
0
0.0%
1
33.3%
2
66.7%
0.33
3
PT - BETA
18
4
14
28
0
0.0%
0
0.0%
8
28.6%
20
71.4%
0.29
5
PT - ZIBCO
16
2
14
29
0
0.0%
0
0.0%
8
27.6%
21
72.4%
0.28
6
PT - RUTER
3
0
3
4
0
0.0%
0
0.0%
1
25.0%
3
75.0%
0.25
7
PT - INSPIRE
11
0
11
25
0
0.0%
0
0.0%
4
16.0%
21
84.0%
0.16
8
PT - NAO
17
5
12
20
0
0.0%
0
0.0%
3
15.0%
17
85.0%
0.15
9
PT - ZENJI
11
1
10
17
0
0.0%
0
0.0%
2
11.8%
15
88.2%
0.12
10
PT - KAS
5
0
5
9
0
0.0%
0
0.0%
1
11.1%
8
88.9%
0.11
11
PT - APT
7
0
7
8
0
0.0%
0
0.0%
0
0.0%
8
100.0%
0.00
12
PT - BFC
2
0
2
3
0
0.0%
0
0.0%
0
0.0%
3
100.0%
0.00
12
PT - CBE DODOMA
1
0
1
2
0
0.0%
0
0.0%
0
0.0%
2
100.0%
0.00
12
PT - FC
2
0
2
3
0
0.0%
0
0.0%
0
0.0%
3
100.0%
0.00
12
PT - PERFECT-FUTURE
1
0
1
1
0
0.0%
0
0.0%
0
0.0%
1
100.0%
0.00
12
PT - PERFECT-SONGEA
1
0
1
1
0
0.0%
0
0.0%
0
0.0%
1
100.0%
0.00
12
PT - PTC Mwanza
13
1
12
18
0
0.0%
0
0.0%
0
0.0%
18
100.0%
0.00
12
PT - TU IRINGA
1
0
1
1
0
0.0%
0
0.0%
0
0.0%
1
100.0%
0.00
12
136
16
120
206
0
0.0%
0
0.0%
41
19.9%
165
80.1%
Institution
Subtotals
ST
1
2ND
3RD
-
PT WETA
PT UPTAKE
PT FANI & BHC
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.
127
TABLE 15.5 (a)
SUMMARY OF RESULTS BY EXAMINATION LEVELS AND INSTITUTIONS
ABOVE 20 CANDIDATES - FINAL LEVEL
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.
458
26
432
870
0
0.0%
21
2.4%
343
39.4%
506
58.2%
0.44
1
PT - CornerStone
60
2
58
114
0
0.0%
3
2.6%
29
25.4%
82
71.9%
0.31
2
PT - EXCEL - MOSHI
44
2
42
93
0
0.0%
1
1.1%
25
26.9%
67
72.0%
0.29
3
PT - AFC
342
23
319
578
0
0.0%
2
0.3%
162
28.0%
414
71.6%
0.29
4
PT - EVIN
457
26
431
778
0
0.0%
5
2.9%
208
45.1%
565
72.6%
0.28
5
PT - ATTITUDE
84
6
78
145
0
0.0%
0
0.0%
34
23.4%
111
76.6%
0.23
6
PT - MMK DODOMA
30
1
29
47
0
0.0%
0
0.0%
11
23.4%
36
76.6%
0.23
7
PT - BRIGHT MORO
37
2
35
68
0
0.0%
0
0.0%
14
20.6%
54
79.4%
0.21
8
PT - ACG
36
0
36
77
0
0.0%
1
1.3%
13
16.9%
63
81.8%
0.19
9
1548
88
1460
2770
0
0.0%
33
1.2%
839
30.3%
1898
68.5%
Institution
Subtotals
1ST
-
PT Covenant F. C.
ND
-
PT Cornerstone
PT EXCEL MOSHI
2
3RD
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.
128
CHAPTER V
ACCOUNTING MANPOWER CREATED BY THE BOARD UP TO NOVEMBER
2015
In an effort to meet the demand of the highly needed accounting personnel in the country,
the Board has been able to create cumulatively 20,746 accounting manpower since its
inception in May 1975.
These qualified accounting personnel created are categorized in the following groups:
(1)
(2)
(3)
(4)
(5)
Certified Public Accountants (CPA)
National Accountancy Diploma (NAD)
(Phased out in November 1991)
6,885
1,537
National Book-keeping Certificate (NABOCE)
(phased out in May 1991)
Basic Book-keeping Certificate (BBC)
(phased out in November 1990)
5,746
2,971
Accounting Technician Certificate (ATEC)
3,607
Table 16 below shows the statistics of graduates per session and cumulatively since May
1975 to November 2015
NBAA GRADUATES – CUMULATIVE STATISTICAL ANALYSIS
MAY 1975 –NOVEMBER 2015
TABLE 16
EXAMINATION
SESSION
1ST SESSION
MAY 1975
2ND SESSION
NOV. 1975
3RD SESSION
MAY 1976
4TH SESSION
NOV. 1976
5TH SESSION
MAY 1977
6TH SESSION
NOV. 1977
7TH SESSION
MAY 1978
8TH SESSION
NOV. 1978
NO.
BBC
CUM.
NABOCE
NO.
CUM.
ATEC
NO.
CUM.
NAD
NO.
CUM
.
NO.
CPA
CUM.
NO.
TOTAL
CUM.
-
-
04
04
-
-
01
01
NE
NE
05
05
-
-
32
36
-
-
10
11
NE
NE
42
47
-
-
158
194
-
-
25
36
02
02
185
232
-
-
73
267
-
-
43
79
02
04
118
350
-
-
174
441
-
-
36
115
08
12
218
568
-
-
98
539
-
-
17
132
03
15
118
686
-
-
193
732
-
-
57
189
13
28
263
949
-
-
172
904
-
-
56
245
11
39
239
1188
129
EXAMINATION
SESSION
9TH SESSION
MAY 1979
10TH SESSION
NOV. 1979
11TH SESSION
MAY 1980
12TH SESSION
NOV. 1980
13TH SESSION
MAY 1981
14TH SESSION
NOV. 1981
15TH SESSION
MAY 1982
16TH SESSION
NOV. 1982
17TH SESSION
MAY 1983
18TH SESSION
NOV. 1983
19TH SESSION
MAY 1984
20TH SESSION
NOV. 1984
21ST SESSION
MAY 1985
22ND SESSION
NOV. 1985
23RD SESSION
MAY 1986
24TH SESSION
NOV. 1986
25TH SESSION
MAY 1987
26TH SESSION
NOV. 1987
27TH SESSION
MAY 1988
28TH SESSION
NOV. 1988
29TH SESSION
MAY 1989
30TH SESSION
NOV. 1989
31ST SESSION
MAY 1990
32ND SESSION
NOV. 1990
33RD SESSION
MAY 1991
34TH SESSION
NOV. 1991
NO.
CPA
CUM.
NO.
291
27
66
272
1460
31
322
13
79
119
1579
-
22
344
22
101
167
1746
-
-
24
368
20
121
163
1909
1649
-
-
53
421
13
134
295
2204
124
1772
-
-
23
444
21
155
168
2372
-
172
1945
-
-
37
481
19
174
228
2600
-
-
236
2181
-
-
36
517
20
194
292
2892
-
-
248
2429
-
-
47
564
21
215
316
3208
-
-
200
2629
-
-
28
592
14
220
242
3450
-
-
199
2828
-
-
36
628
17
246
252
3702
-
-
215
3043
-
-
37
665
12
258
264
3966
18
18
306
3349
-
-
41
706
12
270
377
4343
40
58
194
3543
-
-
44
750
09
279
287
4630
62
120
123
3666
-
-
54
804
21
300
260
4890
86
206
168
3834
-
-
48
852
11
311
313
5203
64
270
205
4039
-
-
25
877
06
317
300
5503
93
363
129
4168
-
-
40
917
14
331
276
5779
298
661
175
4343
-
-
32
949
14
345
519
6298
292
953
179
4522
-
-
72
1021
22
367
565
6863
332
1285
201
4723
-
-
40
1061
16
377
589
7452
446
1731
232
4955
-
-
78
1139
31
414
787
8239
482
2213
235
5190
-
-
118
1257
17
431
852
9091
758
2971
211
5401
-
-
114
1371
40
471
10214
-
2971
345
5746
-
-
111
1482
61
532
112
3
517
-
2971
-
5746
56
56
55
1537
64
596
175
10906
NO.
BBC
CUM.
NABOCE
NO.
CUM.
-
-
199
1103
-
-
46
-
-
75
1178
-
-
-
-
123
1301
-
-
-
119
1420
-
-
229
-
-
-
130
ATEC
NO.
CUM.
NAD
NO.
CUM
.
TOTAL
CUM.
10731
EXAMINATION
SESSION
NO.
BBC
CUM.
NABOCE
NO.
CUM.
ATEC
NO.
CUM.
NAD
NO.
CUM
.
NO.
CPA
CUM.
NO.
TOTAL
CUM.
35TH SESSION
MAY 1992
-
2971
-
5746
136
192
-
1537
-
596
136
11042
36TH SESSION
NOV. 1992
37TH SESSION
MAY 1993
38TH SESSION
NOV. 1993
39TH SESSION
MAY 1994
40TH SESSION
NOV. 1994
41ST SESSION
MAY 1995
42ND SESSION
NOV. 1995
43RD SESSION
MAY 1996
44TH SESSION
NOV. 1996
45TH SESSION
MAY 1997
46TH SESSION
NOV. 1997
47TH SESSION
MAY 1998
48TH SESSION
NOV. 1998
49TH SESSION
MAY 1999
50TH SESSION
NOV. 1999
51ST SESSION
MAY 2000
52ND SESSION
NOV.2000
53RD SESSION
MAY,2001
54TH SESSION
NOV. 2001
55TH SESSION
MAY 2002
56TH SESSION
Nov. 2002
57TH SESSION
MAY 2003
58th SESSION
NOV. 2003
59th SESSION
MAY 2004
60TH SESSION
-
2971
-
5746
186
378
-
1537
11
607
197
11,239
-
2971
-
5746
119
497
-
1537
12
619
131
11,370
-
2971
-
5746
104
601
-
1537
12
631
116
11,486
-
2971
-
5746
110
711
-
1537
16
647
126
11,612
-
2971
-
5746
207
918
-
1537
19
666
226
11,838
-
2971
-
5746
122
1040
-
1537
28
694
150
11,988
-
2971
-
5746
117
1157
-
1537
29
723
146
12,134
-
2971
-
5746
87
1244
-
1537
36
759
123
12,257
-
2971
-
5746
111
1355
-
1537
53
812
164
12,421
-
2971
-
5746
109
1464
-
1537
28
840
137
12,558
-
2971
-
5746
107
1571
-
1537
40
880
147
12,705
-
2971
-
5746
124
1695
-
1537
40
920
164
12,869
-
2971
-
5746
60
1755
-
1537
29
949
89
12,958
-
2971
-
5746
80
1835
-
1537
52
1001
132
13,090
-
2971
-
5746
80
1915
-
1537
47
1048
127
13,217
-
2971
-
5746
104
2019
-
1537
42
1090
146
13,363
-
2971
-
5746
91
2110
-
1537
71
1161
162
13,525
-
2971
-
5746
45
2155
-
1537
77
1238
122
13,647
-
2971
-
5746
64
2219
-
1537
33
1271
97
13,744
-
2971
-
5746
41
2260
-
1537
28
1299
69
13,813
-
2971
-
5746
42
2302
-
1537
53
1352
95
13,908
-
2971
-
5746
55
2357
-
1537
49
1401
104
14,012
-
2971
-
5746
58
2415
-
1537
55
1456
113
14,125
-
2971
-
5746
85
2500
-
1537
165
1621
250
14,375
-
2971
-
5746
113
2613
-
1537
134
1755
247
14,622
131
EXAMINATION
SESSION
NOV. 2004
61ST SESSION
MAY 2005
62ND SESSION
NOV. 2005
63RD SESSION
MAY 2006
64TH SESSION
NOV. 2006
65TH SESSION
MAY 2007
66TH SESSION
NOV. 2007
67TH SESSION
MAY 2008
68TH SESSION
NOV. 2008
69TH SESSION
MAY 2009
70TH SESSION
NOV. 2009
71ST SESSION
MAY 2010
72ND SESSION
NOV. 2010
73RD SESSION
MAY 2011
74TH SESSION
NOV. 2011
75th SESSION
MAY 2012
76th SESSION
NOV. 2012
77th SESSION
MAY 2013
78th SESSION
NOV. 2013
79th SESSION
MAY 2014
80th SESSION
NOV. 2014
81st SESSION
MAY 2015
82nd SESSION
NOVEMBER
2015
NO.
BBC
CUM.
NABOCE
NO.
CUM.
ATEC
NO.
CUM.
NAD
NO.
CUM
.
NO.
CPA
CUM.
NO.
TOTAL
CUM.
-
2971
-
5746
65
2678
-
1537
142
1897
207
14,829
-
2971
-
5746
75
2753
-
1537
131
2028
206
15,035
-
2971
-
5746
62
2815
-
1537
92
2120
154
15,189
-
2971
-
5746
35
2850
-
1537
83
2203
118
15,307
-
2971
-
5746
102
2952
-
1537
97
2300
199
15,506
-
2971
-
5746
61
3013
-
1537
177
2477
238
15,744
-
2971
-
5746
21
3034
-
1537
184
2661
205
15,949
-
2971
-
5746
49
3083
-
1537
97
2758
146
16,095
-
2971
-
5746
45
3128
-
1537
179
2937
224
16,319
-
2971
-
5746
61
3189
-
1537
146
3083
207
16,525
-
2971
-
5746
32
3221
-
1537
164
3247
196
16,722
-
2971
2971
-
5746
5746
33
29
3254
3283
-
1537
1537
176
185
3423
3608
209
214
16,931
17,145
-
2971
-
5746
31
3314
-
1537
268
3876
299
17,444
-
2971
-
5746
35
3349
-
1537
259
4135
294
17,738
-
2971
-
5746
23
3372
-
1537
188
4323
211
17,949
-
2971
-
5746
26
3398
-
1537
468
4791
494
18,443
-
2971
-
5746
36
3434
-
1537
377
5,168
413
18,856
-
2971
-
5746
46
3480
-
1537
478
5,646
524
19,380
-
2971
-
5746
43
3523
-
1537
369
6,015
412
19,792
-
2971
-
5746
42
3565
-
1537
600
6,615
642
20,434
-
2971
-
5746
42
3607
-
1537
270
6,885
312
20,746
132
CHAPTER VI
CANDIDATES WINNING THE SPECIAL PRIZES – NOVEMBER 2015 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.
Accounting Technician Levels I & II
Foundation Level
Intermediate Level
Final Level
1.2.2
Exam Paper Amount
Codes
Tshs.
T01 – T08
50,000
A1 – A5
60,000
B1 – B6
80,000
C1 – C4
100,000
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.
Accounting Technician Levels I & II
Foundation Level
Intermediate Level
Final Level
133
Exam Paper Amount
Codes
Tshs.
T01 – T08
40,000
A1 – A5
50,000
B1 – B6
60,000
C1 – C4
70,000
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.
Accounting Technician Level I
Accounting Technician Level II
Foundation Level
Intermediate Level
Final Stage Level
Exam Paper Amount
Codes
Tshs.
T01 – T04
50,000
T05 – T08
50,000
A1 – A5
60,000
B1 – B6
80,000
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).
Best ATEC Female Graduate Prize
Best CPA (T) Female Graduate Prize
1.3
Exam Paper Amount
Codes
Tshs.
T05 – T08
250,000
C1 – C4
500,000
Prizes won by Candidates:
1.3.1
NBAA Best Level Performance Prize:
Code and Subject Name
Name
Accounting Technician Level I
RUKOKERWA, DICKSON E.
1026281
Amount
Tshs.
50,000
Accounting Technician Level II
NINA, OMARI A.
2025612
50,000
Foundation Level
MZIKILA, UPENDO A.
3024646
60,000
Intermediate Level
DAMAS, LEONARD
4026679
80,000
Final Level
No candidate qualified for the
Prize
134
Index No.
100,000
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.
1026281
40,000
T.01 - Bookkeeping and Accounts
RUKOKERWA, DICKSON E.
T.02 - Elements of Business Maths
and Statistics
No candidate qualified for the
Prize
T.03 - Introduction to Information
and Communication
Technology
T.04 - Business Communication
Skills
KIRONDE, ROSALIA M.
1026284
40,000
MUSHI, SARAH S.
1024174
40,000
Accounting Technician Level II
Code and Subject Name
Name
T.05 - Principles of Accounting and
Auditing
40,000
Index No. Amount
Tshs.
2025612
40,000
NINA, OMARI A.
T.06 – Principles of Cost
MWINYI, MOHAMED H.
Accounting and Procurement
SONELO, ERASTO
2025087*
20,000
2025227*
20,000
T.07 – Elements of Commercial
Knowledge, Management
Practices and Taxation
MWINYI, MOHAMED H.
2025087
40,000
T.08 – Accounting for Public
Sector and Cooperatives
No candidate qualified for the
Prize
40,000
FOUNDATION LEVEL
Code and Subject Name
Name
A1 – Quantitative Techniques
MZIKILA ,UPENDO A.
A2 - Business and Management
MZIKILA, UPENDO A.
3024646
50,000
A3 – Accounting
MNYAVANU, WILSON
3025035
50,000
A4 - Business Information
RICHARD, PROCHES
3020154
50,000
A5 - Business Law
RICHARD, PROCHES
3020154*
25,000
BAHOYI, KASANDA
3024613*
25,000
Index No. Amount
Tshs.
3024646
50,000
*Scored equal marks
135
INTERMEDIATE LEVEL
Code and Subject Name
Name
Index No. Amount
Tshs.
4026471
60,000
B1 - Financial Management
KASANGA, MASHAURI
B2 - Financial Accounting
HINCHA, MARIAM.R
4026775
60,000
B3 - Auditing Principles and
Practice
B4 - Public Finance and Taxation I
DAMAS, LEONARD
4026679
60,000
ALLY, MOHAMED
4025966
60,000
B5 - Performance Management
JOHN, SARAH
4026682
60,000
4025942
60,000
Index No.
Amount
Tshs.
70,000
5024369
70,000
B6 - Management, Governance and HERMAN, SWEETBERT
Ethics
FINAL LEVEL
Code and Subject Name
Name
C1- Corporate Reporting
No candidate qualified for the Prize
C2 - Auditing and Assurance
NGOWI, HAPPINESS E.
C3-Business and Corporate
No candidate qualified for the Prize
Finance
C4 - Public Finance and No candidate qualified for the Prize
Taxation II
1.3.3
70,000
70,000
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 are 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
Accounting Technician Level I
KIRONDE, ROSALIA M.
Index No.
1026284
Amount
Tshs.
50,000
Accounting Technician Level No candidate qualified for the
II
Prize
Foundation Level
MZIKILA, UPENDO A.
3024646
60,000
Intermediate Level
HINCHA, MARIAM.R.
4026775
80,000
Final Level
No candidate qualified for the
Prize
136
50,000
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 Prize:
2.0
Level
Name
Index No.
ATEC GRADUATE
PUSKER, TUMAINI
2024913
Amount
Tshs.
250,000
CPA (T) GRADUATE
NGOWI, HAPPINESS E.
5024369
500,000
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:
2.1
PricewaterhouseCoopers Prizes:
2.1.1
2.1.2
PricewaterhouseCoopers: Auditing and Assurance (C2) Prize
PricewaterhouseCoopers: Best CPA (T) Graduate Prize
Tshs.300,000
Tshs.400,000
2.2
Tanna Sreekumar & Co: Best CPA (T) Graduate Prize
Tshs.400,000
2.3
STANBIC Tanzania Ltd: Best CPA (T) Graduate Prize
US$ 100
2.4
TAC Associates: Auditing and Assurance (C2) Prize
Tshs.200,000
2.5
Khatri & Company: Corporate Reporting (C1) Prize
Tshs.200,000
2.6
Ernst & Young: Auditing and Assurance (C2) Prize
Tshs.310,000
2.7
IPP: Best CPA (T) Graduate Prize
Tshs.200,000
2.8
TaxPlan Associates: Best Public Finance and Taxation II (C4)
Tshs.400,000
Prize
2.9
TIB INTERNATIONAL FINANCE PRIZE
1st TIB: Business and Corporate Finance (C3) Prize
Tshs.500,000,
2nd TIB: Business and Corporate Finance (C3) Prize
Tshs.350,000
Tshs.200,000
3rd TIB: Business and Corporate Finance (C3) Prize
2.10
Dar es Salaam Stock Exchange: Business and Corporate
Finance (C3) Prize
137
Tshs.150,000
2.11
Deloitte & Touche: Auditing and Assurance (C2) Prize
Tshs.500,000
2.12
Tshs.100,000
2.13
Capital Markets and Securities Authority: Best Financial
Management (B1) Prize
KPMG: Best CPA (T) Graduate Prize
2.14
Accountant General’s Office Prize Prizes:
2.14.1
Best CPA (T) Graduate Overall Prize
Tshs.800,000
2.14.2
Auditing and Assurance (C2) Prize
Tshs.500,000
2.14.3
Performance Management (B5) Prize
Tshs.500,000
2.14.4
Best Core Subject Prizes:
2.14.4.1
Accounting (A3) Prize
Tshs.30,000
2.14.4.2
Auditing Principles and Practice (B3) Prize
Tshs.30,000
2.14.4.3
Business Information (A4) Prize
Tshs.30,000
2.14.4.4
Financial Accounting (B2) Prize
Tshs.50,000
2.14.4.5
Financial Management (B1) Prize
Tshs.50,000
2.14.4.6
Public Finance and Taxation II (C4) Prize
Tshs.100,000
2.14.4.7
Business and Corporate Finance (C3) Prize
Tshs.100,000
2.14.4.8
Corporate Reporting (C1) Prize
Tshs.100,000
2.15
NEXIA SJ Tanzania Accountants & Business Adviser Prizes:
2.15.1
2.16
NEXIA SJ Tanzania Accountants & Business Adviser: Best
Public Finance and Taxation II (C4) Prize
NEXIA SJ Tanzania Accountants & Business Adviser: Best
Performance Management (B5) Prize
Innovex Auditors Prizes:
2.16.1
Innovex Best CPA(T) Graduate Prize
Tshs.150,000
2.16.2
Innovex Best CPA(T) Female Graduate Prize
Tshs.150,000
2.17
CAG Prizes
2.17.1
CAG: Auditing and Assurance (C2) Prize
Tshs.300,000
2.17.2
CAG: Best CPA (T) Graduate Prize
Tshs.100,000
2.18
Peoples Bank of Zanzibar: Best CPA (T) Graduate Prize
Tshs.500,000
2.19
BM Associates Prize Prizes
2.19.1
Best CPA(T) Female Graduates Prize
2.19.2
Best ATEC Female Graduates Prize
2.15.2
138
US$ 100
Offer of
Employment
Offer of
Employment
Tshs.100,000
Tshs.50,000
2.20
TAA Best Candidates’ Prizes
2.20.1
TAA Best Two ATEC Candidates Prizes
Tshs.100,000
2.20.2
TAA Best Two CPA (T) Candidates Prizes
Tshs.200,000
2.21
RSM Ashvir: Best CPA (T) Graduate Prize
2.22
Cornerstone Financial Consultants
2.22.1
Overall Best Candidate in ATEC II Level Prize
Tshs.100,000
2.22.2
Overall Best Candidate in Foundation Level Prize
Tshs.100,000
2.22.3
Overall Best CPA (T) Candidates Prizes
Tshs.100,000
1. PRICEWATERHOUSECOOPERS PRIZES
Name of Prize
Name of Winner
PWC: AUDITING AND
NGOWI, HAPPINESS E.
ASSURANCE (C2) PRIZE
PWC BEST CPA (T)
NGOWI, HAPPINESS E.
GRADUATE PRIZE
2. TANNA SREEKUMAR & CO. PRIZES
Name of Prize
Name of Winner
TANNA SREEKUMAR
NGOWI, HAPPINESS E.
BEST CPA (T) GRADUATE
PRIZE
3. STANBIC TANZANIA LIMITED PRIZES
Name of Prize
Name of Winner
STANBIC TANZANIA
NGOWI, HAPPINESS E.
LIMITED BEST CPA [T]
GRADUATE PRIZE
4. TAC ASSOCIATES PRIZES
Name of Prize
Name of Winner
TAC ASSOCIATES:
NGOWI, HAPPINESS E.
AUDITING AND
ASSURANCE (C2) PRIZE
5. KHATRI AND COMPANY PRIZES
Name of Prize
Name of Winner
KHATRI AND COMPANY
KILOLOMA, HASSANI
FINANCIAL: CORPORATE
REPORTING (C1)
139
Tshs.500,000 &
Employment
Index No.
5024369
Amount
Tshs.300,000
5024369
Tshs.400,000
Index No.
5024369
Amount
Tshs.400,000
Index No.
5024369
Amount
US$100
Index No.
5024369
Amount
Tshs.200,000
Index No.
5024875
Amount
Tshs.200,000
6. ERNST & YOUNG PRIZES
Name of Prize
Name of Winner
ERNST & YOUNG:
NGOWI, HAPPINESS E.
AUDITING AND
ASSURANCE (C2) PRIZE
7. IPP BEST CPA (T) GRADUATE PRIZES
Name of Prize
Name of Winner
IPP BEST CPA (T)
NGOWI, HAPPINESS E.
GRADUATE PRIZE
8. TAXPLAN ASSOCIATES PRIZES
Name of Prize
Name of Winner
TAXPLAN ASSOCIATES:
CHARLES, CLARA
PUBLIC FINANCE AND
TAXATION II (C4) PRIZE
Index No.
5024369
Index No.
Amount
Tshs.310,000
Amount
Tshs.200,000
Index No.
5024261
Amount
Tshs.400,000
Index No.
5024858
Amount
Tshs.500,000
5024682
Tshs.350,000
5025094
Tshs.200,000
Index No.
5024858
Amount
Tshs.150,000
Index No.
5024369
Amount
Tshs.500,000
12. CAPITAL MARKETS AND SECURITIES AUTHORITY PRIZES
Name of Prize
Name of Winner
Index No.
CMSA: BEST FINANCIAL
KASANGA, MASHAURI
4026471
MANAGEMENT (B1) PRIZE
Amount
Tshs.100,000
13. KPMG PRIZES
Name of Prize
KPMG: BEST CPA (T)
GRADUATE PRIZE
Amount
US$ 100
9. TANZANIA INVESTMENT BANK PRIZES
Name of Prize
Name of Winner
TIB: BUSINESS AND
JUMA, RAMADHANI
CORPORATE FINANCE (C3)
PRIZE
MPEPERE, JAMES
MANYANGA, JACQUILINE F.
10. DAR ES SALAAM STOCK EXCHANGE PRIZES
Name of Prize
Name of Winner
DSE: BUSINESS AND
JUMA, RAMADHANI
CORPORATE FINANCE (C3)
PRIZE
11. DELOITTE & TOUCHE PRIZES
Name of Prize
Name of Winner
DELOITTE & TOUCHE:
NGOWI, HAPPINESS E.
AUDITING AND
ASSURANCE (C2) PRIZE
Name of Winner
NGOWI, HAPPINESS E.
140
Index No.
5024369
14. ACCOUNTANT GENERAL’S OFFICE PRIZES
The Office of the Accountant General offers special prize Prizes to candidates with
excellent performance in the Board‟s examinations. The Prizes worth Tshs.2,440,000/- are
offered in each examination session.
The conditions for 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 November 2015 examinations are as shown below:
Name of Prize
AG‟S: BEST CPA [T] GRADUATE
PRIZE
Name of Winner
NGOWI, HAPPINESS E.
Index No.
5024369
Amount
Tshs.800,000
AG‟S: AUDITING AND ASSURANCE
(C2) PRIZE
NGOWI, HAPPINESS E.
5024369
Tshs.500,000
AG‟S: BEST PERFORMANCE
MANAGEMENT (B5) PRIZE
JOHN, SARAH
4026682
Tshs.500,000
3025035
Tshs.30,000
RICHARD, PROCHES
3020154
Tshs.30,000
KASANGA, MASHAURI
4026471
Tshs.50,000
HINCHA, MARIAM.R.
4026775
Tshs.50,000
DAMAS, LEONARD
4026679
Tshs.50,000
KILOLOMA, HASSANI
5024875
Tshs.100,000
JUMA, RAMADHANI
5024858
Tshs.100,000
CHARLES, CLARA
5024261
Tshs.100,000
AG’S BEST CORE SUBJECT PERFORMANCE PRIZES
ACCOUNTING (A3) PRIZE
MNYAVANU, WILSON
BUSINESS INFORMATION (A4)
PRIZE
FINANCIAL MANAGEMENT (B1)
PRIZE
FINANCIAL ACCOUNTING (B2)
PRIZE
AUDITING PRINCIPLES AND
PRACTICE (B3) PRIZE
CORPORATE REPORTING (C1)
PRIZE
BUSINESS AND CORPORATE
FINANCE (C3) PRIZE
PUBLIC FINANCE AND TAXATION
II (C4) PRIZE
141
15. NEXIA SJ TANZANIA ACCOUNTANTS & BUSINESS ADVISERS PRIZES:
Name of Prize
NEXIA SJ TANZANIA
ACCOUNTANTS & BUSINESS
ADVISER: PUBLIC FINANCE AND
TAXATION II (C4) PRIZE
NEXIA SJ TANZANIA
ACCOUNTANTS & BUSINESS
ADVISER: BEST PERFORMANCE
MANAGEMENT (B5) PRIZE
Name of Winner
Index No.
Amount
CHARLES, CLARA
5024261
Employment
JOHN, SARAH
4026682
Employment
Name of Winner
NGOWI, HAPPINESS E.
Index No.
5024369
Amount
Tshs.150,000
NGOWI, HAPPINESS E.
5024369
Tshs.150,000
17. CONTROLLER AND AUDITOR GENERAL PRIZES
Name of Prize
Name of Winner
CAG: AUDITING AND ASSURANCE NGOWI, HAPPINESS E.
(C2) PRIZE
Index No.
5024369
Amount
Tshs.300,000
NGOWI, HAPPINESS E.
5024369
Tshs.100,000
18. PEOPLE’S BANK OF ZANZIBAR PRIZES
Name of Prize
Name of Winner
PBZ: BEST CPA (T) GRADUATE
NGOWI, HAPPINESS E.
PRIZE
Index No.
5024369
Amount
Tshs.500,000
Index No.
5024369
Amount
Tshs.100,000
2024913
Tshs.50,000
16. INNOVEX PRIZES
Name of Prize
INNOVEX BEST CPA (T)
GRADUATE PRIZE
INNOVEX BEST CPA (T) FEMALE
GRADUATE PRIZE
CAG: BEST CPA (T) GRADUATE
PRIZE
19. BM ASSOCIATES PRIZES
Name of Prize
BM ASSOCIATES: BEST CPA (T)
FEMALE GRADUATE
PRIZE
BM ASSOCIATES: BEST ATEC
FEMALE GRADUATE PRIZE
Name of Winner
NGOWI, HAPPINESS E.
PUSKER, TUMAINI
142
20. TANZANIA ASSOCIATION OF ACCOUNTANTS PRIZES
Name of Prize
Name of Winner
TAA: BEST ATEC II CANDIDATE
NINA, OMARI A.
PRIZE
TAA: BEST CPA (T) CANDIDATE
NGOWI, HAPPINESS E.
PRIZE
Index No.
2025612
Amount
Tshs.50,000
5024369
Tshs.100,000
Index No.
5024369
Amount
Tshs.500,000
&
Employment
Index No.
2025612
Amount
Tshs.100,000
3024646
Tshs.100,000
5024369
Tshs.100,000
21. RSM ASHVIR PRIZES
Name of Prize
RSM ASHVIR: BEST CPA (T)
GRADUATE PRIZE
Name of Winner
NGOWI, HAPPINESS E.
22. CORNERSTONE FINANCIAL CONSULTANTS PRIZES
Name of Prize
Name of Winner
CORNERSTONE: OVERALL BEST
NINA, OMARI A.
CANDIDATE IN ATEC II LEVEL
PRIZE
CORNERSTONE:OVERALL BEST
MZIKILA, UPENDO A.
CANDIDATE IN FOUNDATION
LEVEL PRIZE
CORNERSTONE :OVERALL BEST
NGOWI, HAPPINESS E.
CPA (T) CANDIDATES PRIZES
____________________
143