In accordance to official data obtained from WAEC, the year’s performance in accounting have been traced, and here are the reasons why candidates fail 2013 WAEC Financial Accounting
Some of the weaknesses observed were:
- Candidates’ inability to answer question on Branch Account
- Inability to explain some accounting concepts and terminologies
- Inadequate preparation for the examination
- Non-coverage of syllabus before registering for the examination.
Points to note when preparing
The council made general but inclusive 3 solid remarks on the vital but neglected concepts that earn the students a poor grade in the year’s exam. Here are the points to note.
- Teachers should not neglect branch accounting as it is part of the syllabus and it must be taught.
- The teaching of accounting concepts and terminology must be emphasized in schools
- Candidates should prepare very well by covering all aspects of the syllabus
Observable strength displayed by the candidate
The candidates performed very well in questions testing the following topics:
- Control Account
- Data Processing Manufacturing Account
- Trading Profit and Loss Account
- Petty Cash Book
We have specially made you a portable Financial Accounting handbook for each year, CLICK HERE TO DOWNLOAD
