Basics of Accounting
MINISTRY OF EDUCATION
FIJI SCHOOL LEAVING CERTIFICATE EXAMINATION – 2005
EXAMINER’S REPORT
ACCOUNTING
1.0 INTRODUCTION
This year’s paper examined the very basics of accounting such as the work covered at the FJC and FSLC levels. Some 4,400 candidates sat for the paper, showing varying range of abilities and skills towards problem solving.
It was disappointing to note that candidates were not able to handle some very basic concepts and calculations.
Computations of income tax as per Form 5 and value added tax as per FSLC Learning Outcome 2004 is now fully examinable. This shall also apply to FSFE Accounting at a later stage.
Teachers must now urgently need to re-consider their level content knowledge and exposure to research, lesson preparation and lesson notes.
2.0 SPECIFIC COMMENTS
QUESTION 1 : MULTIPLE-CHOICE QUESTIONS
Candidates were able to score good marks, scoring on an average of 4 to 7 marks. Most candidates found Questions 1, 5, 6 and 10 difficult. However, other multiple-choice questions were within the reach of candidates.
The answers to Multiple-Choice questions are as follow :
Q1
Q2
Q3
Q4
Q5
C
D
A
C
B
Q6
Q7
Q8
Q9
Q10
C
C
B
B
A
Teachers are strongly advised to select and prepare multiple-choice questions from various sources and spread the same evenly to all the seven themes of the curriculum. The multiple-choice questions must be based on the six levels of testing.
-2-
QUESTION 2 : PERSONAL ACCOUNTING
Performance in this part of the paper was good.
Many candidates were able to prepare the family budget correctly, but some still reckoned 48 weeks rather than 52 weeks for the year. Improve on time – conversions.
The computation of income tax payable/refundable correctly, hence scoring good marks, but some put the refundable amount as ‘payable’ hence losing half mark.
QUESTION 3 : FINANCIAL ACCOUNTING
Very many candidates were able to score
FIJI SCHOOL LEAVING CERTIFICATE EXAMINATION – 2005
EXAMINER’S REPORT
ACCOUNTING
1.0 INTRODUCTION
This year’s paper examined the very basics of accounting such as the work covered at the FJC and FSLC levels. Some 4,400 candidates sat for the paper, showing varying range of abilities and skills towards problem solving.
It was disappointing to note that candidates were not able to handle some very basic concepts and calculations.
Computations of income tax as per Form 5 and value added tax as per FSLC Learning Outcome 2004 is now fully examinable. This shall also apply to FSFE Accounting at a later stage.
Teachers must now urgently need to re-consider their level content knowledge and exposure to research, lesson preparation and lesson notes.
2.0 SPECIFIC COMMENTS
QUESTION 1 : MULTIPLE-CHOICE QUESTIONS
Candidates were able to score good marks, scoring on an average of 4 to 7 marks. Most candidates found Questions 1, 5, 6 and 10 difficult. However, other multiple-choice questions were within the reach of candidates.
The answers to Multiple-Choice questions are as follow :
Q1
Q2
Q3
Q4
Q5
C
D
A
C
B
Q6
Q7
Q8
Q9
Q10
C
C
B
B
A
Teachers are strongly advised to select and prepare multiple-choice questions from various sources and spread the same evenly to all the seven themes of the curriculum. The multiple-choice questions must be based on the six levels of testing.
-2-
QUESTION 2 : PERSONAL ACCOUNTING
Performance in this part of the paper was good.
Many candidates were able to prepare the family budget correctly, but some still reckoned 48 weeks rather than 52 weeks for the year. Improve on time – conversions.
The computation of income tax payable/refundable correctly, hence scoring good marks, but some put the refundable amount as ‘payable’ hence losing half mark.
QUESTION 3 : FINANCIAL ACCOUNTING
Very many candidates were able to score