7 Reasons Why Candidates Fail 2016 Financial Accounting WAEC

There may be unnoticed reasons that made you to fail 2016 Financial accounting WAEC, however, as pinned down by the Exam’s body, the following are reasons why candidates fail 2016 financial accounting WAEC. Read on….

Some of the weaknesses observed were:

1. Candidates inability to answer question 3 which is to outline/distinguish
2. Candidates’ inability to prepare Statement of Affairs, Subscription Account and Income and Expenditure Account
3. Lack of proper understanding of the basic principles of accounting
4. Non-coverage of syllabus before registering for the examination
5. The use of unapproved and non generally accepted abbreviation such as GP for Gross Profit, NP for Net Profit CL for Current Liabilities
6. Poor use of English Language in explaining their points
7. Candidates inability to use correct accounting terminologies

Great Nuggets against Failing Financial Accounting in WAEC

Having identified the peculiar reasons for failure, it isn’t enough if remedies are not provided, WAEC official enumerated tips that can safe other students from repeating similar problems, here are they….

1. Candidates should be conversant with accounting terminologies and their definitions.
2. The teaching of the basic principles of Financial Accounting must be emphasized in schools.
3. Candidates should prepare very well by covering all aspects of the syllabus before writing the examination.
4. Teachers should make use of past question papers as a revision exercise and educate the candidates on what is required for each question.
5. Qualified teachers should be employed to teach the subject.
6. Candidates should be taught to write in full instead of abbreviations.
7. Teachers should discourage the candidates from the use of abbreviations in their answers to questions.

OBSERVED STUDENTS STRENGTH

The candidates performed very well in questions testing the following topics

1. Sales Ledger Control Account/Purchases Ledger Control Account; Depreciation of Assets
2. Bank Reconciliation Statement
3. Trading, Profit and Loss Account and Balance Sheet
4. Ratio Analysis
5. Manufacturing Account

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