ACC203 Exam Report Jul 2018.pdf - EXAM REPORT Course Code/Title ACC203e Managerial Accounting Semester July 2018 Semester PART I Overall Performance of

ACC203 Exam Report Jul 2018.pdf - EXAM REPORT Course...

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Page 1 of 5 EXAM REPORT Course Code/Title : ACC203e Managerial Accounting Semester : July 2018 Semester PART I Overall Performance of Students in the Examination While students appear better prepared, many answers were still incomplete, unclear or did not address the question adequately. This was probably due to: Students did not show sufficient understanding of core concepts thus resulting in the inability to apply concepts covered in the course to answer the questions (e.g. confusing plant-wide rate with the concept of normal costing, incorrect computation of equivalent units etc.). Poor reading skills resulting in misunderstanding the questions and failing to address them. Poor writing skills resulting in the inability to provide sufficient, clear and succinct explanations. “Spotting” of questions as answers given were similar to the answers for past year examination questions. However, these answers were irrelevant to the questions in this examination. Strengths and Weaknesses of Students in Examination In terms of topics, students performed better for Question 3 (overhead allocation) and Question 1 (job pricing using normal costing and ABC) compared to Question 4 (process costing) and Question 2 (a mixture of organizational architecture, product costing and budgeting). Such better performance can be attributed to the fact that Question 3 (overhead allocation) and Question 1 (job pricing using normal costing and ABC) are familiar topics that have been tested frequently in the past. Even for Question 1, many students still show weaknesses in understanding by confusing “normal costing” with plant-wide rate .
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Page 2 of 5 From the answers, the following students’ weaknesses were evident: Inadequate preparation: Students focused their preparation based on fa miliar” topics that were tested frequently. Unfamiliar topic like Question 2 (cash budget) was badly answered. Lack of understanding key concepts: Many students did not fully understand the basic concepts and therefore: o Confused product costs with period costs thus leading to include order processing cost as part of product cost in Question 1.
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