Examiner Report May 2016 PDF

(NBAA)
THE NATIONAL BOARD OF ACCOUNTANTS AND AUDITORS

TANZANIA
EXAMINERS’ AND PERFORMANCE REPORT
83RD EXAMINATION SESSION – MAY 2016
NBAA, Telephones: (022) 2211890/9

Mhasibu House, Mobile: 0713 320423
Bibi Titi Mohamed Street, Fax: (022) 2151746
P.O. Box 5128, Email: info@nbaa-go.tz
Dar es Salaam, Website: www.nbaa-go.tz
Tanzania.
30TH JUNE 2016

TABLE OF CONTENTS
PAGE
Foreword & Acknowledgement ……………………………………… (i)
Executive Summary of 83rd Examination session (v)

……………………
CHAPTER 1 Analysis of Candidates’ Performance in the 83rd Examination 1

Session
CHAPTER II Performance Evaluation Subject-Wise …………………..................... 4

• Accounting Technician Examination Level I ……….................. 4
• Accounting Technician Examination Level II …………………. 17
• Foundation Level ………………………………… 31
• Intermediate Level …………………….................. 48
• Final Level ……………………………………….. 83
CHAPTER III Examiners’ Recommendations to Tutors & Students ………………... 105
CHAPTER IV Institutional Performance Evaluation ………………………………... 113
CHAPTER V Accounting Manpower Created by the Board up to May 2016 129
CHAPTER VI TheThe
NBAA
NBAA Special
Special
Awards
Awards
Programme
Programme
forfor
Candidates
Candidateswith with Meritorious
Meritorious
Examination
Examination
Achievements
Achievements
…………….........................
……………........................ 134 1
FOREWORD AND ACKNOWLEDGEMENT
________________
The current examination scheme has been tested for the fourth time in May 2016. The first
time was in November 2014. Unlike the phased out examination scheme the current
examination scheme is basically designed to test competencies rather than understanding of
knowledge. To realise this goal there is a need to streamline the whole process from teaching
of the students, setting of examination questions as well as marking of the examinations.
Here it means that the trainers, learners, examiners as well as examination markers need to
speak the same language. If there is any mismatch between these stakeholders the aim of
competence based examination scheme cannot be realised. Lecturers are required to change
their teaching orientation to match with competence approach. They are required to guide
learners to acquire competencies rather than knowledge. Learners are supposed to change
their learning styles from rote learning to active learning that will enable them to learn the
required competencies. Those who are setting examination questions should also consider the
fact that they are testing understanding of skills and competencies rather than understanding
of information. How to orient all these stakeholders to have the same orientation has
remained a challenge in implementing the competence based examination scheme. But as we
move forward the situation is changing into better through trainings and acquisition of
experiences.
The current examination scheme has eight subjects in the Accounting Technician Levels I and II
as shown below:
Code Name
Accounting Technician Level I
T01 Book keeping and Accounts
T02 Elements of Business Maths and 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
i
The Professional Examination Scheme has three level structures as follows:
(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.
In total the Professional Examination Scheme has 15 subjects 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
ACCOUNTING MANPOWER
Since the inception of the Accounting Technician examinations the Board has been able to
produce 13,901 Accounting Technicians. This category of Accounting Technicians covers 3,647
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 7,171 CPA (T) graduates since it started conducting
these examinations in May, 1975. In total, the Board has been able to produce 21,072 accounting
personnel (manpower) of different levels and categories serving both in public and private sectors
inside and outside Tanzania.
ii
EXAMINATION CENTRES
During the 83rd examination session, examinations were held in 11 examination centres located in
Tanzania Mainland and Zanzibar. These centres accommodated 6,499 candidates sitting at
different levels of the Board’s examinations. The examination centres were as shown here below:
Dar Es Salaam Centres

1. Patel Brotherhood
2. Diamond Jubilee Hall
3. Lamada Hotel
Upcountry centres
1. Arusha – Institute of Accountancy Arusha (IAA)
2. Dodoma – College of Business Education (CBE)
3. Kilimanjaro –Young Men Christian Association (YMCA) Moshi
4. Mbeya – Mkapa Conference Centre
5. Morogoro – CCT Women’s Training Centre
6. Mwanza –St. Dominic Pastoral Centre
7. Tanga – St. Joseph’s Commercial School (SJCS)
8. Zanzibar – State University of Zanzibar (SUZA)
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 3 of this report while a detailed
analysis indicating the performance of candidates registered by the recognized Tuition Providers
is shown in Tables 10 to 11 of the report. Analysis of performance in each subject is presented in
Tables 5.1 to 9.1.8. 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 prize 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.
iii
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 all Tuition Providers who devoted their energy and time to guide the
candidates and preparing them for the examinations. I am also delighted to acknowledge the
contribution of Board’s Examiners, Markers, Invigilators, and the Board’s Secretariat, the
Education and Publications Committee and the Governing Board for their much appreciated co-
operation during the whole process of the NBAA’s 83rd examination session. Last but not least, I
congratulate all examination candidates who studied hard and sat for the 83rd examinations of the
Board.
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
experiences. 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,
CPA Pius A. Maneno

EXECUTIVE DIRECTOR
iv
EXECUTIVE SUMMARY TO THE 83RD EXAMINATION SESSION – MAY 2016
1.0 PREAMBLE:
The Board conducts its examinations twice in a year during the months of May and
November. This session is the 83rd examination session in which the examinations were
conducted from Tuesday 3rd to Friday 6th May 2016.
There were 7,106 candidates who applied for the examinations, out of whom 607 (8.5%)
were absent, 6,499 sat for the examinations at different levels. The candidature
distribution this session is as shown below:
EXAMINATIO CANDIDATES CANDIDATES % CANDIDATES %

N LEVELS APPLIED ABSENT SAT
TECHNICIAN LEVELS
115 5 4.3 110 95.7
ATEC I:
ATEC II: 168 8 4.8 160 95.2
PROFESSIONAL LEVELS
Foundation 484 39 8.1 445 91.9

Intermediate 3898 403 10.3 3495 89.3
Final 2441 152 6.2 2289 93.8
TOTALS 7,106 607 8.5 6,499 91.5
v
2.0 TREND OF THE EXAMINATION CANDIDATURE
2.1 Candidature Exam Sitting

Candidature enrolment this session has slightly increased by 713 candidates
(11.0%) compared with the May 2015 examination session. There were 6,499
candidates who sat for the May 2016 examinations against 5,786 candidates who
sat for the May 2015 examinations.
Table 1 and Chart 1 shows candidature trend (candidates who sat for the
examinations) for the eight examination sessions: November 2012 to May 2016.
Table 1
EXAMINATION CANDIDATURE TREND FOR THE PRECEDING EIGHT
EXAMINATION SESSIONS NOVEMBER 2012 TO MAY 2016
ATEC ATEC FOUNDATION INTERMEDIATE FINAL

EXAMINATION I II TOTAL
A B C D E F
76th Session November, 2012 132 117 65 109 156 131 2,033 1,110 3,853
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
79h 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
83rd Session May, 2015 159 119 36537 3,163 2,011 5,817
82nd Session November, 2015 111 134 364 3,114 1,956 5,679
83rd Session May, 2016 110 160 445 3,495 2,289 6,499
vi
2.2 Candidature Distribution – May 2016
Candidature distribution for the May 2016 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

Chart 1
Candidature Distribution – May 2016
ATEC I , 110, 2%
ATEC II , 160, 2%
FINAL, 2,289, 35% FOUNDATION,

445, 7%
ATEC I
ATEC II
FOUNDATION
INTERMEDIATE
INTERMEDIATE,
3,495, 54% FINAL
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 B5-
Performance Management subject who were referred in P19 Management Accounting in
the previous syllabus. Out of 3,495 candidates who sat for the Intermediate Level
examinations 2,526 (72.3) sat for Performance Management subject.
vii
3.0 EXAMINATION PERFORMANCE
3.1 Pass rates for examination levels tested in May 2016
Table 2 (i) below shows pass rates in May 2016 examination session
EXAMINATION LEVEL NUMBER OF PASSES PERCENTAGE
ATEC I
Passed 34 30.9
Part passed 32 29.1
ATEC II
Passed 41 25.6
Part passed 61 38.1
FOUNDATION
Passed 233 52.4
Part passed 171 38.4
INTERMEDIATE
Passed 366 10.5
FINAL
Passed 300 13.1
TOTAL PASSES
Passed 974 15.0
Part passed 2,107 32.4
NOTE:
Among the candidates who passed Intermediate and Final Levels there were ten (10)
candidates with foreign qualifications.
Table 2 (ii) below shows number of candidates with foreign CPA –equivalent
qualification who sat and cleared the subjects with local contents
Subject Number of entries

A5 Business Law 00
B4 Public Finance and Taxation I 09
C4 Public Finance and Taxation II 10
These candidates are eligible for the award of letters of success and certificates to enable
them register as members.
viii
3.2 Examination Performance by Gender:
Examination performance by gender in the five examination levels is as indicated on Table 3 below:
Passes Partial Passes Failures Total

Male Female Total Male Female Total Male Female Total Male Female Total
No. % No. % No. % No. % No. % No. % No. % No. % No. % No. % No. % No. %
ATEC Level I 26 76 8 24 34 100 19 59 13 41 32 100 25 57 19 43 44 100 70 64 40 36 110 100
ATEC Level
32 78 9 22 41 100 40 66 21 34 61 100 30 52 28 48 58 100 102 64 58 36 160 100
II
Foundation
155 67 78 33 233 100 99 58 72 42 171 100 20 49 21 51 41 100 274 62 171 38 445 100
Level
Intermediate
223 61 143 39 366 100 708 62 427 38 1135 100 1257 63 737 37 1994 100 2188 63 1307 37 3495 100
Level
Final Level 202 67 98 33 300 100 443 63 265 37 708 100 817 64 464 36 1281 100 1462 64 827 36 2289 100
TOTAL 638 66 336 34 974 100 1309 62 798 38 2107 100 2149 63 1269 37 3418 100 4096 63 2403 37 6499 100
ix
CHAPTER I
ANALYSIS OF CANDIDATES’ PERFORMANCE IN THE

OVERALL CANDIDATES' PERFORMANCE

During the 83rd examination session, 7,106 candidates were registered for the Board’s
examinations held in May, 2016, out of whom 607 (8.5%) candidates were absent from the
examinations, 6,499 candidates sat for the examinations. Of the 6,499 candidates who sat for the
examinations, 974 (15.0%) candidates passed while 2,017 (32.4%) candidates part passed and a
total of 3,418 (52.6%) candidates failed the examinations. (See Table 4 on page 3).
ACCOUNTING TECHNICIAN CERTIFICATE (ATEC) - LEVEL I

The May 2016 examination session was the 4th session since the review of the examinations
structure and syllabi of ATEC. 115 candidates registered themselves for the examination. 5
(4.3.0%) candidates were absent. 110 candidates sat for the examination, out of whom 34
(30.9%) passed hence becoming eligible for a STATEMENT OF SUCCESS at this level. 32
(29.1%) candidates are part passed while a total of 44 (40%) candidates failed the examination.
(See Table 4 on page3).
ACCOUNTING TECHNICIAN CERTIFICATE (ATEC) - LEVEL II

This examination was conducted for the 4th time since the review of the examination structure and
syllabi of ATEC II. Out of 168 candidates who registered for the examination, 08 (4.8%)
candidates were absent leaving a total of 160 candidates who wrote the examination. 41 (25.6%)
candidates passed and hence are recommended to be issued with CERTIFICATES OF
COMPLETION of the Accounting Technician Certificate Examination. 61 (38.1%) candidates
have part passed while a total of 58 (36.3%) candidates failed the examination. (See Table 4 on
page3).
FOUNDATION LEVEL
The Foundation Level examinations consist of five subjects. These subjects were tested for the
second time this session following the review of the examination structure and syllabi.
In this examination, 484 candidates registered themselves for the examination out of whom 39
(8.1%) candidates were absent. Of the 445 candidates who wrote the examination, 233 (52.4%)
candidates passed hence becoming eligible for a STATEMENT OF SUCCESS at this level. 171
(38.4%) candidates have part passed while a total of 41 (9.2%) candidates failed the examination.
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, 3,898 candidates registered themselves out of whom 403 (10.3%) candidates
were absent. Of the 3,495 candidates who wrote the examination, 336 (10.5%) candidates passed
hence becoming eligible for a STATEMENT OF SUCCESS at this level. 1,135 (32.5%)
candidates have part passed while a total of 1,994 (57.1%) candidates failed the examination.
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, 2,441 candidates registered themselves for Final Level examinations, out of
whom 152 (6.2%) candidates were absent. Of the 2,289 candidates who wrote the examination,
300 (13.1%) candidates passed, hence becoming eligible for a STATEMENT OF SUCCESS at
this Level. 708 (30.9%) candidates have part passed while a total of 1,281 (56.0%) candidates
failed the examination. (See Table 4 on page3).
CANDIDATES QUALIFYING FOR THE PROFESSIONAL CERTIFICATE OF

COMPLETION
In this examination session, 40 candidates qualify for the certificate of completion of the ATEC
programme, comprising 09 (22.5%) female candidates and 31 (77.5%) male candidates.
On the other hand 282 candidates qualify for the certificate of completion of the CPA programme,
comprising103 (36.5%) female candidates and 179 (63.5%) male candidates.
2
TABLE 4
GENERAL STATISTICAL ANALYSIS OF EXAMINATION RESULTS

EXAMINATION ATEC I ATEC II FOUNDATION INTERMEDIATE FINAL TOTAL
NO. % NO. % NO % NO. % NO % NO. %
ENTRIES 115 100 168 100 484 100 3898 100 2441 100 7106 100
ABSENTEES 5 4.3 8 4.8 39 8.1 403 10.3 152 6.2 607 8.5
CANDIDATES 110 95.7 160 95.2 445 91.9 3495 89.7 2289 93.8 6499 91.5
WHO SAT
PART 32 29.1 61 38.1 171 38.4 1135 32.5 708 30.9 2107 32.4
PASSED
PASSED 34 30.9 41 25.6 233 52.4 366 10.5 300 13.1 974 15
FAILURES 44 40 58 36.3 41 9.2 1994 57.1 1281 56.0 3418 52.6
TOTAL 110 100 160 100 445 100 3495 100 2289 100 6499 100
3
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 May 2016 examination is the fourth 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) Accounting Technician Level I with four papers;
(b) Accounting Technician Level II with four papers;
(c) The Foundation Level with five papers;
(d) The Intermediate Level with six papers;
(e) The Final Level with four papers.
ACCOUNTING TECHNICIAN LEVEL I

GENERAL PERFORMANCE
110 candidates sat for the ATEC I examinations. The performance indicates that 34
(30.9%) candidates passed and therefore become eligible for the STATEMENT OF
SUCCESS for ATEC I 32 (29.1%) candidates have passed some of the subjects in this
level while 44 (40.0%) candidates failed the examinations.
The general performance subject-wise is as shown in Table 5.1
TABLE 5.1
ATEC I SUBJECT-WISE PERFORMANCE ANALYSIS: MAY 2015 AND MAY
2016
Performance
Paper Subject May 2015 May 2016
Code
Entries Pass % Entries Pass %
T.01 Bookkeeping and Accounts 72 51 70.8 55 37 67.2

Elements of Business Maths and
T.02 81 45 55.6 80 31 38.8
Statistics
Introduction to Information and
T.03 Communication Technology 148 82 55.4 90 45 50.0
Business Communication Skills
T.04
71 55 77.5 61 30 49.2
4
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 choose the correct answers among the given
four alternatives.
Candidates’ performance in this question was satisfactory. Out of 55
candidates who answered the question, 36 (65.5%) candidates passed
while the remaining 19 (34.5%) candidates failed. Out of those who
passed 33 (60.0%) and 03 (5.5%) candidates scored pass and credit
marks respectively. No candidate scored distinction marks in this
question.
There were no major weaknesses noted in this question.
QUESTION 2: A. INTRODUCTION TO BOOKEEPING AND ACCOUNTING

B. PREPARATION OF TRIAL BALANCE
Candidates were required to:

(a) Define cheque.
(b) Explain distinguishing features of cheque.
(c) Use the given information to prepare journal entries for rectification
of errors and prepare suspense account
Candidates’ performance in this question was not satisfactory. Out of 55
candidates who answered the question only 20 (36.4%) candidates
passed while the remaining 35 (63.6%) candidates failed. Out of those
who passed 15 (27.3%), 02 (3.6%) and 03 (5.5%) candidates scored
pass, credit and distinction marks respectively
Some candidates were incompetent in the correction of errors
particularly double entry.
5
QUESTION 3: PREPARATION OF FINANCIAL STATEMENTS
Candidates were required to use the provided information to
(a) Prepare income statement for the given year.
(b) Prepare statement of financial position for the given year.
passed 21 (38.2%), 5 (9.1%) and 16 (29.1%) candidates scored pass,
credit and distinction marks respectively.
Some candidates failed to know which items should go into the income
statement and which ones should go into the statement of financial
position.
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 examination paper was satisfactory. Out of 55
candidates who answered the examination, 37 (67.3%) candidates passed while
the remaining 18 (32.7%) candidates failed. Out of those who passed 30 (54.5%)
and 07 (12.7%) candidates scored pass and credit marks respectively. No
candidate scored distinction marks in this examination paper
The over-all candidates’ performance in the subject is as shown in table 5.1.1
TABLE 5.1.1
T01 – CANDIDATES’ PERFORMANCE ANALYSIS
Classification of Marks 0-49 50-69 70-79 80-100 TOTAL
No. of Candidates 18 30 07 00 55
(Frequency)
32.7 54.5 12.7 0.0 100
Percentage
TABLE 5.1.2
T.01.COMPARISON OF PASS RATE WITH MAY 2015 EXAMINATIONS
May 2015 May 2016 % decrease

No. of candidates passed % No. of candidates %
passed
51 70.8 37 67.3 15.9
6
T.02 - ELEMENTS OF BUSINESS MATHEMATICS AND STATISTICS
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.
The paper comprised of four questions whereby candidates were required to
Candidates were tested on the following topics:
QUESTION 1: MULTIPLECHOICE – VARIOUS TOPICS

Candidates were required to choose the correct answers from the given
alternatives.
Major weaknesses were noted in the arithmetic sequence, annuity, and
on the use of simple harmonic mean.
QUESTION 2: A. ELEMENTARY MATHEMATICS
B. EQUATIONS AND INEQUALITIES
C. MATHEMATICS OF FINANCE
Candidates were required to:-

(a) Find the selling price at a given rate of commission and the owner’s
amount.
(b) Solve ‘’a’’ for the given equation.
(c) Find the range of final examination scores for a student to score an
A, given final average and midterm examination scores.
(d) Find exact simple interest for the given days, loan amount and
interest rate per annum.
7
Most of the candidates failed algebraic expressions, equations and
inequalities specifically on how to solve specified variable, formulate
equations and inequalities and the use of appropriate formula for solving
simple interest.
QUESTION 3: A. ELEMENTARY MATHEMATICS
B. INTRODUCTION TO STATISTICS AND DATA
COLLECTION
(a) Calculate the population in the current year given same growth
rate.
(b) Find the time that given men can take to weed given acres.
(c) Find out the representative fraction, length and the area of a dam
with given properties.
Candidates’ performance in this question was not satisfactory. Out of
80 candidates who answered the question only 15 (18.8%) candidates
pass, credit and distinction marks respectively.
Majority of the candidates failed to apply the compound interest formula
Pn = Po (1 + i) n. Also they did not manage to deal with units’ conversion
(centimetre to kilometre, kilometre to centimetre) in the given scales of
units.
QUESTION 4: A. MEASURES OF CENTRAL TENDENCY
B. MEASURES OF DISPERSION
C. INTRODUCTION TO STATISTICS AND DATA
COLLECTION
D. PERMUTATION AND CONTRIBUTION
(a) Define the median.
(b) Justify conclusion on the mode.
(c) Use the given data to:-
(i) Calculate mean deviation
(ii) Interpret the results
(iii)Define population of interest.
(d) (i) Determine the number of possible permutations
(ii) Use the given data to calculate the expected profit
candidates who answered the question only 11 (13.8%) candidates passed
question.
8
Some of the candidates failed to identify mode and median and majority
could not manage to apply the expected profit formula E(x) = ∑x P(x).

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, and length of
questions for the level of candidates.
Marks distribution was done evenly to each question.
Candidates’ performance in this examination paper was not satisfactory.
Out of 80 candidates who answered the examination only 31 (38.7%)
candidates passed while the remaining 49 (61.3%) candidates failed. Out of
those who passed 24 (30.0%), 04 (5.0%) and 03 (3.8%) candidates scored
The candidates’ over-all performance in the subject is as shown on table

5.1.3
TABLE 5.1.3
T.02 CANDIDATES’ PERFORMANCE ANALYSIS

No of Candidates 49 24 04 03 80
(Frequency)
61.3 30.0 5.0 3.8 100
Percentage
TABLE 5.1.4
T.02. COMPARISON OF PASS RATE WITH MAY 2015 EXAMINATIONS
No. of candidates passed % No. of candidates %
passed
45 55.6 31 38.7 28.2
9
T.03 – INTRODUCTION TO INFORMATION AND COMMUNICATION
TECHNOLOGY
The principal learning outcome of the paper is to enable candidates apply
knowledge and skills in information technology to solve problems in the business
environment.
The paper comprised of three questions whereby candidates were required to
QUESTION 1: VARIOUS TOPICS – MULTIPLECHOICE
Candidates were required to;
(a) Choose the best answer from the four given alternatives (A, B, C
or D)
(b) State whether the given statements were true or false.
(c) Match each phrase from LIST A with the phrase from LIST B
appropriately
candidates, 49 (54.4%) candidates passed while the remaining 41
(45.6%) candidates failed. Out of those who passed 45 (50.0%), 03
(3.3%) and 01 (1.1%) candidates scored pass, credit and distinction
marks respectively
There were no weakness noted in this question.
QUESTION 2: A. INTRODUCTION TO INFORMATION AND COMMUNICATION
TECHNOLOGY
B. HARDWARE
C. COMPUTER SOFTWARE
D. INTERNET AND E-COMMERCE
E. COMMONLY USED APPLICATION PACKAGES
(a) Explain uses of intranets and extranets in supporting organization
communication.
(b) Explain the most likely cause of printer failures to work and how to
fix it.
(c) Give reasons to why digital products are great fit for consumer
focused (B2C) e-commerce.
(d) Distinguish between a software suite and an integrated package.
(e) Differentiate between what-if analysis as it applies to spreadsheet
programs and recalculation.
(f) Explain how ICTs can build new businesses.
10
candidates who answered the question, 06 (6.7%) candidates scored pass
marks while the remaining 84 (93.3%) candidates failed. There were
neither credit nor distinction marks in this questions
Majority of the candidates could not distinguish how intranets and

extranets can support communication in organizations. They also failed
to differentiate ‘’what-if’’ and ‘’recalculation’’, stating causes of printer
failure and explaining ‘’software suite’’ and ‘integrated package’’.
QUESTION 3: A. HARDWARE
B. COMPUTER SOFTWARE
C. COMMONLY USED APPLICATION PACKAGES
Candidates were required to use the provided information to;
(a) Differentiate application software and system software; network
operating system and stand-alone operating system; transistors and
integrated circuits; hacking and cracking; static RAM and dynamic
RAM.
(b) Mention five benefits of an integrated accounting to a typical
business.
(c) Explain practical limitations that organizations will likely to
encounter when using integrated accounting systems.
credit and distinction marks respectively
Majority of the candidates were unable to provide the meaning of stand-
alone operating system, transistors and integrated circuits, hacking and
cracking, static RAM and dynamic RAM.
11

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 90 candidates, 45 (50.0%) candidates passed while the remaining 45
(50.0%) candidates failed. Out of those who passed 40 (44.4%) and 05
(5.6%) candidates scored pass and credit marks respectively. No candidate
scored distinction marks in this examination paper.
5.1.5
TABLE 5.1.5

(Frequency)
50.0 44.4 5.6 0.0 100
Percentage
TABLE 5.1.6
T.03 COMPARISON OF PASS RATE WITH MAY 2015 EXAMINATIONS
MAY 2015 May 2016 % decrease

No. of candidates passed % No. of candidates passed %
82 55.4 45 50.0 29.1
12
T.04 – BUSINESS COMMUNICATION SKILLS
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.
This paper consisted of six compulsory questions.
Candidates were tested on the following topics:
QUESTION 1: A. WRITING SKILLS IN BUSINESS CORRESPONDENCES
B. DEMONSTRATE A MASTERY USE OF ENGLISH
LANGUAGE
The question was in two parts and candidates were required to:
(a) Read a passage and
(i) Suggest a suitable title for the passage.
(ii) Summarize the passage given with at least 150 words.
(b) Punctuate and use capital letter in the given paragraph.
marks respectively
Most candidates failed to use original sentences from the passage to

write the required summary such that, it was difficult to determine their
competence in grammar.
QUESTION 2: DEMONSTRATE A MASTERY USE OF ENGLISH LANGUAGE
Candidates were required to use the given information to:-
(a) Rewrite the given sentences with personal pronouns.
(b) State functions of the underlined nouns in the given sentences.
(c) Revise the given sentences to establish subject-verb agreement.
(d) Identify the types of sentences in terms of structure.
Most candidates were unable to relate pronouns and nouns, use of tenses
correctly based on a number and identifying sentences by their structure.
13
QUESTION 3: A. DEMONSTRATE A MASTERY USE OF ENGLISH
LANGUAGE
B. DEMONSTRATE LISTENING SKILLS
Candidates were required to use the given information to:
(a) Define video conference, conversation, meeting, encoder and non-
verbal communication.
(b) Explain how a sender can be an obstacle in communication process.
(c) Mention five differences between listening and hearing.
Some candidates gave too short responses to be understood by the
examiner.
QUESTION 4: A. DEMONSTRATE VISUAL AND ORAL COMMUNICATION
SKILLS
B. DEMONSTRATE READING SKILLS
(c) Explain lateral, vertical and diagonal communication patterns as
used in the organization.
(b) Distinguish between ‘scanning’ and ‘skimming’.
Majority of candidates were unable to answer this question. Obviously,
this content was not attempted at all. Most of them skipped it and those
who attempted scored zero.
QUESTION 5: WRITING SKILLS IN BUSINESS CORRESPONDENCES
The candidates were required to use the given information to;
Write a letter to the Executive Director of the given company requesting
him to deal with the issue of being paid salary.
marks respectively.
14
Some candidates were unable to punctuate especially when writing
addresses. Much weaknesses were noted on how to write correct title,
location of a name, writer signature and grammar.
QUESTION 6: VARIOUS TOPICS – MULTIPLE CHOICE AND MATCHING
ITEMS
Candidates were required to read the case study and:
(a) Choose the most correct answer among the four given alternatives
(b) Match the items in column A with those in list B to produce
complete and meaningful sentences.
marks respectively
There were no major weaknesses noted in this question. Most of them
scored it well.
15
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.

of 61 candidates who answered the examination, 30 (49.2%) candidates
who passed 26 (42.6%) and 04 (6.6%) candidates scored pass and credit
examination paper.
5.1.7
TABLE 5.1.7
(Frequency)
Percentage 50.8 42.6 6.6 0.0 100
TABLE 5.1.8
55 77.5 30 49.2 29.4
16
ACCOUNTING TECHNICIAN EXAMINATION LEVEL II
GENERAL PERFORMANCE
In this level, 160 candidates sat for the examinations, out of whom 41 (25.7%) passed, 61
(38.1%) candidates passed various subjects in this level while 58 (36.3%) failed the
examination. The 41 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 6.1
TABLE 6.1
ATEC II SUBJECT-WISE PERFORMANCE ANALYSIS: MAY 2015 AND MAY
2016
Paper Subject Performance
Code No. May 2015 May 2016
T.05 Principles of Accounting and 97 37 38.1 126 50 39.7
Auditing
T.06 Principles of Cost 72 44 61.1 113 48 42.5
Accounting and Procurement
T.07 Elements of Commercial 65 44 67.7 92 53 57.6
Knowledge, Management
Practices and Taxation
T.08 Accounting for Public Sector 90 40 44.4 116 54 46.6
and Cooperatives
17
T.05 - PRINCIPLES OF ACCOUNTING AND AUDITING
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.
The paper consisted of four compulsory questions. Question one was an objective
question which carried 40%.
In this paper, candidates were tested on the following topics:
QUESTION 1: VARIOUS TOPICS
(a) Choose the most correct answer among the four given alternatives.
(b) Write whether true or false for each of the given statements.
(c) Match the phrases given in List B with that best explain the meaning
of items in List A.
candidates who answered the question 79 (62.7%) candidates passed
The noted weakness on this question was that candidates who failed in
this question seemed to guess instead of making computation in order to
get the correct alternative, as a result ended up getting wrong answers.
QUESTION 2: TRIAL BALANCE AND ERRORS.
(a) Define a trial balance and list the objectives of preparing it.
(b) Use information given to audit the account of the given client for
the given year.
126 candidates who answered the question, only 50 (39.7%) candidates
The major weaknesses noted in this question is that most candidates who
failed this question seemed not to understand clearly what trial balance
is, also did not understand the requirement of the part (b) of question,
instead of auditing they prepared income statement and financial
position.
18
QUESTION 3: BANK RECONCILIATION
(a) Explain main purposes of preparing a bank reconciliation statement
(b) Use given information to:-
(i) Bring the cash balance up to the given date
(ii) Draw a bank reconciliation statement as at a given period.
marks respectively
Most of candidates who performed poorly in this question were not able
to prepare bank reconciliation.
QUESTION 4: RECORDING OF AUDIT WORK
(a) (i) Outline five contents of audit working paper
(ii)Outline circumstances in which auditors are required to provide
access of the audit working papers.
(b) Mention preparatory procedures which auditor should consider when
carrying out audit planning.
126 candidates who answered the question 8 (6.3%) candidates passed
passed 7 (5.5%) and 01 (0.7%) candidates scored pass and credit marks
respectively
Majority of candidates completely failed this question despite the fact
that the question was very clear and straightforward. It seems that during
the study candidates concentrate more in accounting and put less efforts
in auditing.
19
(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.
Out of 126 candidates who answered the examination, only 50 (39.7%)
candidates passed while the remaining 76 (60.3%) candidates failed. Out
of those who passed 41 (32.5%), 5(4.0%) and 4 (3.2%) candidates scored
pass, and credit marks respectively
6.1.2
TABLE 6.1.2

CLASSIFICATION OF MARKS
0-49 50-69 70-79 80-100 TOTAL
NO. OF CANDIDATES 76 41 05 04 126
(FREQUENCY)
PERCENTAGE 60.3 32.5 4.0 3.2 100
TABLE 6.1.3
May 2015 May 2016 %
No. of candidates passed % No. of candidates passed % increase
37 38.1 50 39.7 14.9
20
T.06 - PRINCIPLES OF COST ACCOUNTING AND PROCUREMENT
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.
The paper comprised of four questions. Question one was an objective type which
carried 40%.
QUESTION 1: VARIOUS TOPICS
(a) Choose the most correct answer among the four given alternatives.
(b) Write whether is true or false for each of the given statements
(c) Match the phrases given in List B with that best explain the meaning
of items in List A
passed 61 (54.0%), 5(4%) and 11 (10.0%) 4 candidates scored pass, and
credit marks respectively.
There was no major weakness observed. Majority of candidates
attempted well this question and offered a good range of issues.
QUESTION 2: SIMPLE BUDGETS
Candidates were required to use the given information to prepare:
(a) Sales revenue budget
(b) Production budget in units
(c) Materials consumption budget in units
(d) Direct material purchase budget in units and value
(e) Direct manufacturing labour budget
candidates who answered the question, only 31 (27.4%) candidates scored
pass marks while the remaining 82 (72.6%) candidates failed. Out of
those who passed 10 (8.8%), 5 (4.4%) and 16 (14.2%) candidates scored
Most candidates showed weaknesses in the preparation of direct
manufacturing labour budget.
21
QUESTION 3: INTRODUCTION TO PROCUREMENT

(a) Highlight advantages of global sourcing
(b) Mention contents of purchase requisition document for materials
(c) Differentiate single tender from limited tender
(d) Identify criteria used in evaluating the supplier.
Candidates’ performance in this question was fairly satisfactory. Out of
113 candidates only 66 (58.4%) candidates passed while the remaining
47 (41.6%) candidates failed. Out of those who passed 32 (28.3%),
18(15.9%) and 16(14.2%) scored pass, credit and distinction marks
respectively.
No specific weakness noted in this question
QUESTION4: PROCEDURES FOR ACCUMULATING LABOUR COSTS.
(a) Calculate
(i)Normal piece rate
(ii)Below standard piece rate
(iii)Above standard piece rate
(b) Calculate
(i) Wages paid to given machine’s operator process on that date.
(ii) Calculate the wages paid to second machine’s operator on that
date.
113 candidates, only 11 (9.7%) candidates passed while the remaining
102 (90.3%) candidates failed. Out of those who passed 07 (6.2%), 02
marks respectively.
The major weakness noted on this question is that majority of the
candidates failed to calculate labour rate required. Furthermore, most of
them lacked adequate knowledge on labour cost and efficiency
computations.
22
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 satisfactory. Out of
113 candidates who answered the examination, 48 (42.5%) candidates
who passed 35 (31.0%), 06 (5.3%) and 07 (6.2%) 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 6.1.4
TABLE 6.1.4
CLASSIFICATION
OF MARKS 0-49 50-69 70-79 80-100 TOTAL
NO. OF CANDIDATES (FREQUENCY) 65 35 06 07 113
PERCENTAGE 57.5 31.0 5.3 6.2 100
TABLE 6.1.5
May 2015 May 2016 %

44 61.1 48 42.5 4.3
23
T.07 - ELEMENTS OF COMMERCIAL KNOWLEDGE, MANAGEMENT
PRACTICES AND TAXATION
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.
The paper comprised of four compulsory questions. Question one was an
objective type which carried 40%.
QUESTION 1: VARIOUS TOPICS: MULTIPLE CHOICE

(a) Choose the most correct answer from the four given alternatives.
(b) Write whether is true or false for each of the given statements.
No specific weakness observed on this question.
QUESTION 2: (i) TAX ADMINISTRATION

(ii) LAW OF CONTRACT
(a) Discuss powers of TRA.
(b) Differentiate between ‘tax evasion’ and ‘tax avoidance’.
(c) Name and explain types of vitiating factors that undermine business
contracts.
candidates, only 19 (20.7%) candidates passed while the remaining 73
(6.7%) and 03 (3.3%) candidates scored pass, and credit marks
respectively
Weakness observed on this question was that majority of candidates
were not able to discuss powers of TRA as provided in marking guide,
likewise candidates were unable to explain vitiating factor that
undermine business contracts.
24
QUESTION 3: (i) INTRODUCTION TO INCOME TAX PRINCIPLES
(ii) OFFICE MANAGEMENT AND MECHANIZATION
(a) Identify and explain principles of taxation system
(b) Explain conditions under which one can claim tax refund.
(c) Name and explain importance of control function in an office
(d) Identify two main qualities of a manager
(10.9) and 09 (9.8%) candidates scored pass, and credit marks
respectively.
Most of candidates who failed this question did not comprehend its
requirements, however the question was clear.
QUESTION 4: (i) INTERNATIONAL TRADE

(ii) LAW OF AGENCY
(a) State at least five disadvantages that characterise international
business.
(b) Enumerate five methods of terminating an agency
marks respectively.
The major weakness is that majority of candidates seemed to guess
answers and were unable to provide sufficient explanation as required by
the question.
25
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
passed while the remaining 39(42.4%) candidates failed. Out of those
who passed 42(64.7%) and 2 (3%) candidates scored pass and distinction
marks respectively.
TABLE 6.1.6

0-49 50-69 70-79 80-100 TOTAL
(FREQUENCY)
PERCENTAGE 42.4 45.7 4.3 7.6 100
TABLE 6.1.7
May 2015 May 2016 % increase
44 67.7 53 57.6 9.1
26
T.08 ACCOUNTING FOR PUBLIC SECTOR AND COOPERATIVES
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.

The paper comprised of four compulsory questions. Question one was an
objective type which carried 40%.
QUESTION 1: VARIOUS TOPICS: MULTIPLECHOICE

Candidates were required to choose the most correct answer among the
four given alternatives.
The noted weakness was that candidates showed poor mastering of
concepts of the tested topic particularly on government accounting.
QUESTION 2: (i) GOVERNMENT GENERAL CASH MANAGEMENT AND
CONTROL
(ii) TERMINAL BENEFITS AND PENSION CALCULATION
(a) Prepare statement of cash flows for the given company for the
given year.
(b) Identify pillars of the social security system in Tanzania.
(c) Explain mandatory social security scheme that are regulated by
Social Security Regulatory Authority in Tanzania.
Candidates’ performance in this question was poor as all 116 (100%)
candidates failed.
All candidates showed poor mastery and knowledge on the tested topic.
27
QUESTION 3: (i) ACCOUNTING FOR GOVERNMENT REVENUE AND
EXPENDITURE
(ii) ANNUAL FINANCIAL STATEMENTS AND ACCOUNTS
(a) (i)Explain key sources of revenue available to the council from the
central government and two sources of council’s internally generated
revenue.
(ii) Mention bases that are used to classify expenditures in local
government authorities.
(b) Prepare a Statement of Financial Performance of given council for

the given year.
(c) Explain the meaning of the term “accrual basis of accounting’’
116 candidates, 41 (35.4%) candidates passed while the remaining 75
marks respectively.
Major weakness observed in this question was that majority candidates
had poor competency and understanding of performance statement.
QUESTION 4: ACCOUNTING FOR COOPERATIVES
Candidates were required to explain the statement below in relation to
the establishment and managing the cooperatives in Tanzania:-
(i) The differences between cooperatives and other forms of business
(ii) Spirit of cooperation and equity
(iii) Cooperatives rules have their own rules
(iv) Rules and regulations on using cooperative funds
candidates, 73 (62.9%) candidates scored pass marks while the
remaining 43 (37.1%) candidates failed. Out of those who passed 45
(38.8%), 13 (11.2%) and 15 (12.9%) scored pass, credit and marks
respectively.
The noted weakness was that some of the candidates were not familiar
with cooperative principles.
28
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
Out of 116 candidates who answered the examination 54 (46.6%) candidates
passed while the remaining 62 (53.4%) candidates failed. Out of those who
passed 51 (44.0%) and 03 (2.6%) candidates scored pass, and credit marks
respectively.

TABLE 6.1.8
0-49 50-69 70-79 80-100 TOTAL
PERCENTAGE 53.4 44.0 2.6 0.0 100
TABLE 6.1.9
May 2015 May 2016 %
40 44.4 54 46.6 14.9
29
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 42 candidates who sat examination papers
in the ATEC I and II Levels.
Their performance is as indicated hereunder:
ATEC I & II
S/No. COMBINATION
Number Percent
1 Pass Both 2 4.8
2 Pass ATEC I, Partial Pass ATEC II 9 21.4
3 Pass ATEC I, Fail ATEC II 6 14.3
4 Partial Pass ATEC I, Pass ATEC II 0 0.0
5 Partial Pass Both 0 0.0
6 Partial Pass ATEC I, Fail ATEC II 0 0.0
7 Fail ATEC I, Pass ATEC II 1 2.4
8 Fail ATEC I, Partial Pass ATEC II 7 16.6
9 Fail Both 17 40.5
Total 42 100.0
30
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 Quantitative Techniques
A2 Business and Management
A3 Accounting
A4 Business Information
A5 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 May 2016 examination session, a total of 445 candidates sat for Foundation
Level examinations.
The figure indicated above includes 140 candidate who sat for both Foundation and
Intermediate level examinations, whose performance analysis is shown at the end of
Intermediate Level Report.
GENERAL OBSERVATIONS
In this examination 445 candidates sat for the examination out of whom 233 (52.4%)
passed and therefore become eligible for the STATEMENT OF SUCCESS for the
Foundation Level. 171 (38.4%) have passed some of the subjects while 41 (9.2%)
candidates failed the examination.
The general performance subject-wise is as shown on Table 7.1
TABLE 7.1
SUBJECT-WISE PERFORMANCE ANALYSIS: MAY 2015 AND MAY 2016
Paper Performance
Code Subject May 2015 May 2016
No. Entries Pass % Entries Pass %
A1 Quantitative Techniques 193 133 68.9 182 128 70.3
A2 Business and Management 147 122 82.9 160 150 93.8
A3 Accounting 226 209 91.6 303 221 72.9
A4 Business Information 251 202 80.5 321 254 79.1
A5 Business Law 138 81 58.7 180 127 70.6
31
QUESTION -WISE PERFORMANCE ANALYSIS
A1 – QUANTITATIVE TECHNIQUES
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, 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%.
In this examination session, candidates were tested on the following topics:
For each of the statements provided candidates were required to use the
given four alternatives to choose the most correct answer:-
The multiple choices provided were clear, fair and appropriately set
based on the syllabus to the extent that majority did well and thus no
major common weakness was observed in this question.
QUESTION 2: LINEAR PROGRAMMING, TRANSPORT AND

ASSIGNMENT MODELS AND INVENTORY PLANNING AND
CONTROL.
The candidates were required to:
(a) From the data given, they were required to:
(i) Calculate how the named item could be moved between sites
in order to minimize the distance travelled.
(ii) Determine the minimum total distance travelled.
(b) From the data given, they were required to:
(i) Write down three inequalities to represent the condition given.
(ii) Determine the number of each item given that could be
purchased to realize a maximum profit.
(iii)Determine the greatest profit.
(c) From the data given, they were required to:
(i) Find the optimum quantity to minimize inventory costs.
(ii) Determine the number of orders placed per year.
(iii)Determine the length of inventory cycle.
32
who passed 18 (9.9%), 07 (3.9%) and 02 (01.1%) candidates scored pass,
Not only most of the candidates failed to use the applicable methods
when solving questions but also they failed to formulate the required
three inequalities as the key component of the entire question.
QUESTION 3: LINEAR REGRESSION AND CORRELATION ANALYSIS

PROBABILITY AND RANDOM VARIABLE, PROBABILITY
DISTRIBUTION AND ELEMENTS OF DECISION
ANALYSIS
The candidates were required to:
(a) Use the data given to:
(i) Find the mean of the given variables.
(ii) Calculate the correlation of the variables.
(b) Use the data given to:
Find expected value of a given random variable with probability
distribution.
(c) Use the data given to:
(i) Find the probability of a given event if the two given events
are mutually exclusive.
(ii) Find the probability of the same given event if the two given
events are independent.
passed 17 (9.3%), 10 (5.5%) and 03 (1.7%) candidates scored pass, credit
and distinction marks respectively
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 topic tested.
33
(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
who passed 102 (56%), 24 (24.0%) and 02 (1.1%) candidates scored pass,
The candidates’ overall performance in the subject is as shown on Table 7.1.1
TABLE 7.1.1
A1 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF MARKS 0-39 40-59 60-79 80-100 TOTAL
(FREQUENCY)
PERCENTAGE 29.7 56.0 13.2 1.1 100
TABLE 7.1.2
A1 COMPARISON OF PASS RATE WITH MAY 2015 EXAMINATIONS
133 68.9 127 70.6 2.3
34
A2 – BUSINESS AND MANAGEMENT
Principal learning outcome of this subject is to test candidates’ ability to apply
concepts and principles of business and management in business environment.
The paper consisted of three questions which were compulsory. Question one was
an objective question which comprised of 60%.
In this examination session, candidates were tested on the following topics:
(31.3%) and 16 (10%) candidates scored pass, credit and distinction
marks respectively
Majority of candidates attempted the question correctly, though few,
who failed, provided guess answers.
QUESTION 2: BASIC CONCEPTS OF COMPETITIVE ADVANTAGE AND
BASICS OF GOVERNANCE, SUSTAINABILITY, CORPORATE
SOCIAL RESPONSIBILITY AND ETHICS
(a) (i) Explain the meaning of competitive advantage.
(ii) Identify and describe the importance of competitive
advantage to a company.
(iii) Critically discuss three factors to work on to ensure that
competitive advantage is attained for a particular business.
(b) (i) Explain the meaning of corporate governance.
(ii) Identify and describe key principles of corporate
governance that managers have to exercise.
(iv) Describe four major responsibilities of the Board of

Directors.
35
Despite that a good number of candidates did this question very well,
majority of them were unable to describe key principles of corporate
governance and major responsibility of the Board of Directors.
QUESTION 3: BASICS OF GOVERNANCE, SUSTAINABILITY CORPORATE

SOCIAL RESPONSIBILITY AND ETHICS
(a) (i) Explain four responsibilities of a business entity towards the
society.
(ii) Examine four common objectives of most business
organizations in the country and critically discuss how a
manager may obtain each objective and beat his competitors.
(b) (i) Identify and explain five benefits of the strategic planning
systems.
(ii) Describe any five major problems associated with the strategic
planning systems which are encountered by managers.
The question was clear and fair in such a way that majority of them did
well consequently no major weakness was identified.
36
The panel of examiners found the paper to be well spread within the
syllabus which resulted to the candidates’ good performance.
Candidates’ performance in this examination paper was satisfactory. Out of
(06.3%) candidates failed. Out of those who passed 66 (41.3%), 67 (41.9%)
and 17 (10.6%) candidates scored pass, credit and distinction marks
respectively
Candidates’ over-all performance in the subject is as shown on Table 7.1.2

TABLE 7.1.3
(FREQUENCY)
PERCENTAGE 6.3 41.3 41.9 10.6 100
TABLE 7.1.4
May 2015 May 2016 %
122 82.9 150 93.8 10.3
37
A3 – ACCOUNTING
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,
The paper comprised four compulsory questions. Question one was an objective
The A3 – Accounting subject this session tested candidates on the following
topics:

marks respectively
No major weakness was noted in this question.
QUESTION 2: PREPARATION OF TRIAL BALANCE AT THE END OF AN
ACCOUNTING PERIOD.
(a) (i) Use the given information to prepare the journal entries to
correct
the errors identified.
(ii) Use the given information to prepare suspense account showing
the original difference in the trial balance.
(b) Use the given information to prepare Receipts and Payment account
for the year ended.
Some candidates showed weaknesses on the preparation of journal entries
to correct the identified errors.
38
QUESTION 3: PREPARATION OF ACCOUNTS FROM INCOMPLETE
RECORDS
(a) Use the given information to compute the figure of sales for
inclusion in the entity’s financial statements for the year ended.
(b) Use the given information to determine the value of stock which
was destroyed by fire.
(c) Use the given information to:
(i) Calculate the entity’s own drawings
(ii) Calculate the profit or loss of the business for the period
ended.
Candidates’ performance in this question was not satisfactory. Out
of 303 candidates who answered the question, only 46 (15.2%)
candidates passed while the remaining 257 (84.8%) candidates
failed. Out of those who passed 33 (10.9%), 10 (3.3%) and 03
(1.0%) candidates scored pass, credit and distinction marks
respectively.
Most of the students failed to calculate mark up and value of stock
destroyed by fire. They also failed to calculate the unknown values
using T- accounts and equation.
QUESTION 4: PREPARATION OF FINANCIAL STATEMENTS IN
ACCORDANCE WITH IFRS
(a) Briefly explain two basic reasons as to why a business can be
making profits as shown in the statement of profit or loss and other
comprehensive income but still be running short of cash.
(b)Use the given information to prepare the Statement of Cash Flow
for the year ended using the indirect method.
303 candidates who answered the question only 126 (41.6%)
candidates passed while the remaining 177 (58.4%) candidates failed.
Out of those who passed 86 (28.4%), 37 (12.2%) and 03 (1.1%)
candidates scored pass, credit and distinction marks respectively
Above average candidates failed to prepare the statement of cash flow
which was a very direct question.
39
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
of 303 candidates, 221 (72.9%) candidates passed while the remaining 82
marks respectively.
The candidates’ overall performance in the subject is as shown on Table
7.1.5
TABLE 7.1.5

PERCENTAGE 27.1 61.3 10.6 1.0 100
TABLE 7.1.6
209 91.6 221 72.9 2.8
40
A4 – BUSINESS INFORMATION

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
In this examination session, candidates were examined on the following topics:

For each of the statements provided candidates were required to use
the given four alternatives to choose the most correct answer:-
No common weakness was observed.
QUESTION 2: REGRESSION ANALYSIS
From the cost structure given, students were required to:
(a) Use regression analysis to identify:
(i) Variable cost per unit.
(ii) Monthly fixed cost
(b) Estimate the cost of production for the given period and comment
on the accuracy of the estimate
Out of those who passed 48 (14.9%) and 22 (6.9%) candidates scored
pass and credit marks respectively. No candidate scored distinction
marks in this question.
Most candidates failed to use regression analysis to identify variable
and fixed costs.
41
QUESTION 3: COSTING
(a) Prepare process A and B accounts from the given details
(b) Calculate the Net Present Value at a cost of capital given
Candidates’ performance in this examination paper was satisfactory.
Out of 321 candidates who answered the question, 274 (85.4%)
Out of those who passed 62 (19.4%), 77 (24%) and 135 (42%)
No common weakness was observed.
QUESTION 4: FORECASTING AND BUDGETING

(a) Describe four ways in which an organisation can improve its cash
cycle
(b) (i) Prepare a quarterly and annual cash budget for the given
period of time.
(ii) Suggest four ways that one may consider for improving cash
management for the given period.
Candidates were weak in expressing themselves and reasoning. They
were memorizing answers from the materials given.
42
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 the paper could have been well attempted within the
allocated time of three hours by an average candidate.
(b) Overall Candidates performance
The candidates’ overall performance in the subject is as shown on table 7.1.7

TABLE 7.1.7
(FREQUENCY)
PERCENTAGE 20.9 52.9 24.6 1.6 100
TABLE 7.1.8
202 80.5 254 79.1 11.4
43
A5 – BUSINESS LAW
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.
In this examination session, candidates were examined on the following topics:
QUESTION 1: LEGISLATIVE PROCESS
(a) Define Law
(b) Mention and explain steps involved in the legislative
process after a bill is presented in the Parliament.
Candidates’ performance in this question was satisfactory. Out of
139 candidates who answered the question 79 (56.9%) candidates
passed while the remaining 60 (43.1%) candidates failed. Out of
those who passed 45 (32.4%), 25 (18%) and 09 (6.5%) candidates
scored pass, credit and distinction marks respectively.
Most of the candidates who failed in this question were unable to
explain in chronological order the stages which the bill passes until it
becomes a law.
QUESTION 2: SOURCE OF LAW AND THE LEGAL SYSTEM
(a) Mention and explain any four sources of business law in
Tanzania.
(b) Discuss at least two rights and duties of the parties to a
transaction in any four legislations relating to business law
150 candidates who answered the question, 87 (58.0%) candidates
those who passed 60 (40.0%), 19 (12.7%) and 08 (5.3%) candidates
scored pass, credit and distinction marks respectively
Most candidates who failed this question were not able to understand
the requirements of part (b) of this question.
44
QUESTION 3: THE NATURE AND CHARACTERISTICS OF AGENCY
(a) Discuss the legal differences between an “agent” and “sub-
agent”.
(b) (i) Explain the concept of “delegatus non protest delegare”
(ii) Mention any three (3) exceptions to “delegatus non protest
delegare”
(c) Mention and explain any three types of agencies.
Candidates failed to relate the Latin Maxim “delegates non protest
delegare” with the law of agency.
QUESTION 4: INTRODUCTION TO PUBLIC PROCUREMENT
(a) (i) Define a ‘tender’.
(ii) Mention and explain stages in the tendering process.
(b) Use the given case to explain under circumstances in which an
accounting officer of procuring entity loses his power to
entertain a complaint or a dispute arising out of procurement
proceedings
(c) Use the given case to advise the procuring entity on the best
method of procurement they should use in order to get the best
solution to their problem given.
pass and credit marks respectively. No candidate scored distinction
marks in this question.
No candidate was able to advise on the best procurement method
basing on the given scenario.
45
QUESTION 5: COMPANY LAW AND INSOLVENCY
(a) Briefly identify and explain duties and responsibilities of an auditor
of a company.
(b) State the difference between an Annual General Meeting (AGM)
and an Extraordinary General Meeting (EGM).
(c) In relation to winding up of companies;
(i) Define an “administration order”
(ii) State at least two (2) purposes that an “administration order” is
intended to achieve.
No common weakness observed.
QUESTION 6: COMPANY LAW AND INSOLVENCY
(a) Mention and explain the exceptions to the given general rule.
(b) Read the given scenario and discuss issues relating to the
formation of a company and effects of incorporation.
passed 21 (28.4%), 4 (5.4%) and 1 (1.4%) candidates scored pass, credit
and distinction marks respectively
No major common weakness was identified in this question.
.
QUESTION 7: PROFESSIONAL ETHICS AND CONDUCT
(a) Mention and explain the fundamental principles underlying the
conduct of accountants and auditors while undertaking professional
assignments.
(b) Use the given scenario to:-
(i) Identify and explain ethical issues which can impede the given
accountant from taking the assignment with the given bank
(ii) Explain the validity and the legal implications arising from the
partnership relations between to the accountants in the auditing
firm in relation to capital ownership
46
No major weakness was identified in this question

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 the paper could have been well attempted within the
allocated time of three hours by an average candidate.
(b) Overall Candidates performance
candidates who answered the Examination, 127 (70.6%) candidates passed
passed 110(461.1%) and 17 (9.4%) candidates scored pass and credit
Examination.
The candidates’ overall performance in the subject is as shown in table
7.1.9
TABLE 7.1.9
(FREQUENCY)
PERCENTAGE 29.4 61.1 9.4 0.0 100
TABLE 7.1.10
A5. COMPARISON OF PASS RATE WITH MAY 2015 EXAMINATIONS
81 58.7 127 70.6 22.1
47
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 Financial Management
B2 Financial Accounting
B3 Auditing Principles and Practices
B4 Public Finance and Taxation I
B5 Performance Management
B6 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 May 2016 examination session, a total of 3,495 candidates sat for
Intermediate Level examinations.
The figure indicated above includes 1,485 candidate who sat for both Intermediate and
Final level examinations, whose performance analysis is shown at the end of these levels’
report.
48
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 3,495 candidates sat for the Intermediate Level Examinations out of
whom 366 (10.5%) have passed this level and therefore become eligible for the
STATEMENT OF SUCCESS, 1,135 (32.5%) have passed some of the subjects while
1,994 (57.1%) candidates have failed the examination.
The general performance subject-wise is as shown on Table 8.1
TABLE 8.1
INTERMEDIATE LEVEL SUBJECT-WISE PERFORMANCE ANALYSIS: MAY
2015 AND MAY 2016
Paper Performance
Code Subject May 2015 May 2016
No. Entries Pass % Entries Pass %
B1 Financial Management 754 205 27.2 1,227 441 35.9

B2 Financial Accounting 745 318 42.7 1,109 502 45.3
B3 Auditing Principles and 662 355 53.6 916 415 45.3
Practices
B4 Public Finance & Taxation I 701 556 79.3 1,087 444 40.8
B5 Performance Management 2,567 754 29.4 2,526 316 12.5
B6 Management, Governance & 560 526 93.9 733 539 69.7
Ethics
49
B1 FINANCIAL MANAGEMENT

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.

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.

The following topics were tested in this paper:-
QUESTION 1: INTRODUCTION TO CORPORATE FINANCIAL DECISION;

ENVIRONMENT; INVESTMENT DECISION
(a) Explain any three ways in which the management of a corporate
firm can be encouraged to achieve the objective of maximization of
shareholders’ wealth.
(b) Use the given information about a person who was working as an
assistant adviser at one finance company to prepare a brief note for
given person which covers on the following issues to advise him on
his proposed investment:
(i) Explanation of the terms portfolio theory, systematic and
unsystematic risk
(ii) The expected return and risk as measured by standard deviation
for each share and the proposed portfolio
(iii) The Capital Asset Pricing Model (CAPM) on the efficiency of
the proposed portfolio considering that its beta(s) is likely to be
0.843
Out of 1227 candidates who answered the question 851 (69.4%)
No major weakness was observed
50
QUESTION 2: FINANCING DECISIONS
(a) Explain any three (3) factors that determine the capital structure of
a corporation.
(b) Use the given information relating to a company which was
planning to raise TZA 15 million as new finance for major
expansion; to:
(i) Evaluate the financial performance of given Company.
(ii) Analyse and discuss the extent to which the company has
achieved its stated corporate objectives of maximizing the
wealth of its shareholders and achieving continuous growth
in earnings per share.
(iii) Calculate and comment on the effect of the right issue on the
share price, the earning per share and the debt equity ratio if
the new finance is raised using a right issue priced at
TZS.7.50 per share and the expansion has not yet started,
question.
Most candidates failed to state factors that determine the capital
structure of a corporation and objectives of maximizing the wealth of its
shareholders and achieving continuous growth in earnings per share
QUESTION 3: INVESTMENT DECISIONS:
Candidates were required to use the given information to concerning one
company which is listed on a major stock exchange; to:-
(a) Estimate the value of given Company using the price-earnings
ratio
method and discuss the usefulness of the variables that you have
used.
(b) Calculate the correct cost of equity of given Company Ltd and,
using this value, calculate the value of the company using the
dividend valuation model.
(c) Calculate the current weighted average after-tax cost of capital of
given Company Ltd and the weighted average after-tax cost of
capital following the new debt issue. Comment on the difference
between the two values.
(d) Identify the objectives of working capital management and discuss
the central role of working capital management in financial
management
51
Out of 631 candidates who answered the question, 303 (48.0%)
candidates passed while the remaining 328 (52%) candidates failed.
No major weakness was observed.
QUESTION 4: INVESTMENT IN SECURITIES AND PORTFOLIO THEORY

AND THE CAPM
(a) Candidates were required to use the given information concerning a
given company’s capital structure at a given period; to calculate the
reformatted capital structure at a given period assuming that the
company declared a 5% stock dividend at the given period.
(b) Use the given statement on the company which has a policy of
paying out 70% of its earnings dividends to evaluate the policy,
assuming that most stockholders are:-
(i) Senior citizens (old people) in low tax brackets.
(ii) High network individual in high tax brackets.
(c) Examine any four factors which determine a company’s dividend
policy
952 candidates who answered the question, only 150 (15.8%)
Most candidates were weak in establish new capital structure of the
given company and to explain factors which determine a company’s
dividend policy.
QUESTION 5: WORKING CAPITAL MANAGEMENT
(a) Candidates were required to use the given statement about the net
working capital of a business which is related to the concepts of
overtrading and undertrading to explain the meaning of
‘overtrading’ and ‘undertrading’ and briefly discuss the major
causes of each.
(b) Use the given information concerning one company’s sales that are
expected to increase at a given period to:
(i) Calculate given company’s additional funds needed for the
given year end
(ii) Calculate the value of assets for the given year end.
(iii) Calculate the amount of notes payable at the end of the given
period if the additional funds are to be raised through notes
payable.
52
(c) Use the given assumption about the cost of a four year university
first degree education to:-
(i) Find the rate of interest that the given investment earn to pay
the cost of the four year university education
(ii) Find the annual payments assuming that in order to accumulate
the sum required under (i) have planned to make equal
payments at the end of every year
Candidates failed to understand the question requirements. Few who

tried to attempt failed to link the topic of working capital in practical
scenario of change in working capital
QUESTION 6: DIVIDEND POLICY AND INVESTMENT DECISIONS
(a) Candidates were required to use the given information concerning
one company which purchased a special machine one year ago at a
given cost to calculate:
(i) The cost of initial investment of the new machine
(ii) The incremental cash inflow after taxes
(iii) The Net Present Value (NPV) of the new investment; and
(iv) The Internal Rate of Return (IRR) of the new investment.
(b) Use the given information about one company which has
developed a
new type of digital recorder to explain if the discount rate of 15%
would make the firm to conduct the test marketing or go directly to
the market
(c) Discuss any four ways of incorporating risk into the investment
appraisal process.
question.
Those who failed were not able to calculate the NPV and IRR according
to the requirements of the question
53
QUESTION 7: INVESTMENT DECISIONS:
(INVESTMENT APPRAISAL: CAPITAL BUDGETING)
(a) Candidates were required to identify the problems faced when
undertaking investment appraisal and explain how these problems
can be overcome in the following areas:
(i) Assets with replacement cycles of different lengths;
(ii) An investment project that has several internal rates of return;
(iii) The business risk of an investment project is significantly
different from the business risk of current operations.
(b) Explain the effect of leverage on the value of the firm:
(i) In a perfect market without taxes and financial distress.
(ii) In a world with taxes and financial distress.
(c) Use the given information about a successful UK based
multinational company which was considering to raise funds for
project in Tanzania during the following year; to establish the best
option for the company to raise finance. Compute the resulting
average cost of capital

who passed 15 (2.5%) and 02(0.3%) candidates scored pass and credit
question.
Candidates failed to answer the question in accordance to the
requirements.
54
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.
Out of 1227 candidates, only 441 (35.9%) candidates passed while the
(34.1%) and 23(1.8%) candidates scored pass and credit marks
respectively. No candidate scored distinction marks in this question.
8.1.1
TABLE 8.1.1
B1 CANDIDATES’ PERFORMANCE ANALYSIS
CLASSIFICATION OF
MARKS 00-39 40-59 60-79 80- TOTAL
100
NO. OF CANDIDATES 786 418 23 00 1,227
(FREQUENCY)
PERCENTAGE 64.1 34.1 1.8 0.0 100
TABLE 8.1.2
B1 COMPARISON OF PASS RATE WITH MAY 2015 EXAMINATIONS
205 27.2 441 35.9 36.5
55
B2 FINANCIAL ACCOUNTING

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.

QUESTION 1: PREPARATION OF CONSOLIDATED FINANCIAL

STATEMENTS:
Candidates were required to use the given information which was about
a group of accounts which were already prepared with the exception of
consolidating the parent’s interest in the new joint; to prepare the
consolidated statement of financial position and the consolidated
statement of profit or loss and other comprehensive income of a given
group of company at a given period.
1109 candidates, only 112 (10.1%) candidates passed while the
(4.9%), 26 (2.3%) and 32 (2.9%) candidates scored pass, credit and
distinction marks respectively
Most candidates failed to prepare the consolidated statement of
financial position and the consolidated statement of profit or loss and
other comprehensive income.
QUESTION 2: ACCOUNTING AND REPORTING CONCEPTS, FRAMEWORKS
AND PRACTICES
Candidates were required to use the given information about the trial
balance for the given company to:
(a) Prepare the statement of Profit or Loss & Other Comprehensive
Income for given company for the year ended given period.
(b) Prepare the statement of changes in equity for given company for
the year ended given period.
(c) Prepare the statement of financial position of given company as at
given period.
56
Most candidates failed to prepare statement of financial position and
statement of profit or loss and other comprehensive income
QUESTION 3: PREPARING SINGLE ENTRY AND SINGLE COMPANY
FINANCIAL STATEMENTS
(a) Candidates were required to use the given information to
concerning the financial statement of one company for its most
recent two years to calculate the following for year ended at the
given period:
(i) Equivalent ratios (all six) to the given company based on its
reported figures; and
(ii) Equivalent ratios to the first four only for given company
excluding the effects of the purchase of given company.
Note: Assume the capital employed for given company is equal to

its purchase price of TZS.50 billion.
(b) Assess the comparative financial performance and position of

given company for the year ended given period.
Note: The answer should refer to the effects of the purchase of

given company.
Most of candidates failed to compute equivalent ratios as per the
question requirements.
57
QUESTION 4: FINANCIAL STATEMENTS ANALYSIS AND EVALUATION
(a) Candidates were required to use the given information to concerning
consolidated financial statements to explain the justification for such
a treatment for subsidiaries whose equity is not fully owned in the
group, and state why this is normally not the case for associates
(b) Use the given information about one plc company which had
1,500,000 ordinary shares in issue and a give profit after tax to
calculate the basic and diluted Earnings per Share for the given
period

Most of candidates failed to compute basic and diluted earnings per
Share.
QUESTION 5: ACCOUNTING CONCEPTS AND FINANCIAL STATEMENTS

one company’s Statement of Profit or Loss for the year ended 31st
December 2015 to prepare a statement of cash flows of given
company for the given period using Indirect Method.

passed 289 (29.8%), 292 (30.1%) and 130 (13.4%) candidates scored
No major weakness was noted in this question
QUESTION 6: ACCOUNTING AND REPORTING CONCEPTS
FRAMEWORK AND PRACTICES
one public listed company that operates a number of leather products
factories to:
(i) Define a qualifying asset using examples
(ii) Explain the circumstances when, borrowing costs and the
amount at which, borrowing costs should be capitalized in
accordance with IAS 23.
(iii) Explain when capitalization of borrowing costs commences.
58
(b) Use the given information about the details of one company
constructing a new factory to calculate the net borrowing cost that
should be capitalized as part of the cost of the new factory and the
finance cost that should be reported in the Statement of Profit or
Loss for the year ended 31st March 2016
Most of candidates failed to define a qualifying asset and explain the
circumstances when, borrowing costs and the amount at which,
borrowing costs should be capitalized in accordance with IAS 23
QUESTION 7: ACCOUNTING CONCEPTS AND FINANCIAL STATEMENTS

(a) Candidates were required to take prudence as the main consideration
to discuss under what circumstances, if any, revenue might be
recognized at the following stages of a sale:-
(i) Goods are acquired by the business which it confidently
expects to resell very quickly.
(ii) A customer places a firm order for goods.
(iii) Goods are delivered to the customer.
(iv) The customer is invoiced for goods.
(v) The customer pays for the goods.
(vi) The customer’s cheque in payment for the goods has been
cleared by the bank.
(b) Use the give information about a company that signed a contract to
design and build a new golf course at one hotel, to calculate the total
contract revenue and costs that should be included in the financial
statements at a given year end.
No major weakness was noted in this question
59
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.
1,109 candidates who answered the examination, 673 (45.3%) candidates
8.1.1
TABLE 8.1.3
00-39 40-59 60-79 80-100 TOTAL
NO. OF CANDIDATES 607 457 43 02 1,109
(FREQUENCY)
PERCENTAGE 54.7 41.2 3.9 0.2 100
TABLE 8.1.4
318 42.7 502 45.3 22.4
60
B3 AUDITING PRINCIPLES AND PRACTICE
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.
QUESTION 1: THE NATURE OF AUDIT EVIDENCE AND THE SELECTION

OF SUFFICIENT APPROPRIATE EVIDENCE
(a) Candidates were required to use the given information to
concerning a
company which manufactures a range of motor vehicles and its
year end on 30th June, to:
(i) Evaluate the factors that a given Associates should consider
when placing reliance on the work of the independent valuer
(ii) Describe the substantive procedures the auditor should
perform to obtain
Sufficient and appropriate audit evidence in relation to:
1. The revaluation of land and buildings and the recently
purchased warehouse.
2. The valuation of work in progress.
(c) Use the given information related to information given in part (a)
above that the auditing team has established that the given
company has applied some outdated information that lead to
unrealistic assumptions, to advise the given associates on steps to
be taken and the impact on the audit report in relation to the
directors’ refusal to amend the financial statements
Candidates’ performance in this question was not satisfactory.
Out of 916 candidates, only 323 (35.5%) candidates passed while
the remaining 593 (64.7%) candidates failed. Out of those who
passed 240 (26.2%), 78(8.5%) and 05 (0.5%) candidates scored
61
Most of candidates failed to explain factors that an external
auditor should consider when placing reliance on the work of the
independent valuer and substantive procedures the auditor should
perform to obtain sufficient and appropriate audit evidence
QUESTION 2: BASICS OF ASSURANCE REPORTS
(a) Candidates were required to use the given information concerning an
(b) audit report which has to be produced by auditors after gathering
evidence, to:-
(i) Identify and explain any five shortcomings in the above draft
audit report and suggest the necessary amendments to be
made.
(ii) Explain the meaning of an unmodified audit opinion in
accordance with ISA 700: Forming an opinion and reporting
on financial statements.
(c) Use the give information about the International federation of
Accountants (IFAC) as a global organization for accountancy
professionals to explain briefly the five (5) fundamental principles of
the IESBA Code of Ethics for professional accountants.

QUESTION 3: THE NATURE OF AUDIT EVIDENCE AND THE SELECTION

OF SUFFICIENT APPROPRIATE EVIDENCE
Candidates were required to use the given information which was about
one external auditing firm for the given period where an auditor senior
had carried out preliminary assessment of the business to use the event
given in this case to:
(a) Describe the additional audit procedures you should carry out.
(b) With reasons state whether the financial statements for the year-
end will need to be amended.
(c) Discuss, with reasons, the impact on the audit report and indicate
the type of report that would be appropriate.
62
Most of the candidates failed to identify if the event occurred after the
balance sheet date would cause changes on statements or not as per the
requirements IAS 10 and their impact on auditors report as requirements
of ISASs 700 and 702
QUESTION 4: PROFESSIONAL ETHICS AND CONDUCT
(a) Candidates were required to use the given statement concerning
client confidentiality which underpins the relationship between
auditors and their clients explain the circumstances in which
NBAA’s Code of Ethics permits or requires external auditors to
disclose information relating to their clients to third parties without
the knowledge or consent of the client
(b) Use the given information concerning external auditors of a disposal
company which had breached various regulations to describe how
one would respond to the types of requests given in that case.
(c) Use the information given about one company which manufactures
bottled drinks and has been an audit client for six years, to identify
and explain the ethical and professional matters rose during the
inventory count of given company.
Most of the candidates could not identify in which circumstances the
NBAA’s Code of Ethics permits or requires external auditors to disclose
information relating to their clients and ethical and professional matters
rose during the inventory count.
63
QUESTION 5: OBJECTIVES, PROCESS AND NEED FOR EXTERNAL AUDIT
AND ASSURANCE
Candidates were required to use the given information about Certified
Public Accountant firm which has recently obtained a new audit client,
to:-
(a) Explain how this new internal audit function can assist a given
company to deal with risk of fraud and error.
(b) Explain the responsibilities of external auditors in respect of the
risk of fraud and error in an audit of financial statements.
(c) Identify the additional roles the internal auditors may have within
the given company
Out of those who passed 144 (25.2%), 37 (6.5%) and 06 (1.1)
candidates scored pass, credit and distinction marks respectively.
Most candidates could not explain how this new internal audit function
can assist a given company to deal with risk of fraud and error.
QUESTION 6: OBJECTIVES, PROCESS AND NEED FOR EXTERNAL AUDIT
AND ASSURANCE-PUBLIC SECTOR EXTERNAL AUDITING
(a) Candidates were required to use the given information to prepare
five questions that one would think an auditor should consider prior
to accepting a new client under each of the following headings:
(i) Questions related to Industry/client knowledge
(ii) Questions related to Independence of Auditors
(b) Use ISA 200 to explain the overall objectives of the auditor as
provided for in this standard
(c) Use the give statement about Article 143 of the constitution of the
United Republic of Tanzania to explain to which matters the
Controller and Auditor General has responsibility over as enshrined
under Article 143 of the Constitution cited in the given statement.
Most candidate failed to state the responsibility of Controller and Auditor
General as enshrined under Article 143 of the Constitution and questions
auditor should ask to understand the client as requirement of ISA 315.
64
QUESTION 7: BASICS OF ASSURANCE REPORTS
Candidates were required to use the given information concerning the
definition of assurance engagement to:-
(a) Briefly explain the contents of an assurance engagement report.
(b) Give four reasons that make it impossible to reduce assurance
engagement risk to zero.
(c) Explain when accepting the assurance engagement what factors
would determine the extent of your planning activities.
65
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.
(54.7%) candidates failed. Out of those who passed 398 (43.4%) and 17
(1.9%) candidates scored pass and credit marks respectively. No candidate
scored distinction marks in this question.
Candidates’ overall performance
8.1.5
TABLE 8.1.5
CLASSIFICATION
OF MARKS 00-39 40-59 60-79 80-100 TOTAL
(FREQUENCY)
PERCENTAGE 54.7 43.4 1.9 0.0 100
TABLE 8.1.6
B3 COMPARISON OF PASS RATE WITH MAY 2015
EXAMINATIONS
355 53.6 415 45.3 7.8
66
B4 PUBLIC FINANCE AND TAXATION I

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.

four out of six questions in Section B

QUESTION 1: INCOME TAX LAW: DETERMINATION OF TOTAL INCOME

AND TYPES OF ASSESSMENT
(a) Candidates were required to use the given statement to briefly state
the contents of the notice of assessment.
(b) Use the given statement which says that there is no clear definition
of trade in the Income Tax (R.E. 2014) to briefly explain at least
five objectives tests.
(c) Use the given information concerning a tour company which runs
tourist resort in one of the regions in Tanzania to compute the
company’s business income for the given year as per Income Tax
Act (R.E. 2014).
Most candidates could not provide the contents of the statement of
assessment as per the Income Tax Act (R.E. 2014).
67
QUESTION 2: TAXATION: TAX LAW, ADMINISTRATION AND PRACTICE
INCOME TAX LAW: PROCEDURES FOR PAYMENT OF TAX
the establishment of Tanzania Revenue Authority to analyse the role
of the (TRA).
(b) Candidates were required to use the information about a company
which conducts business and investment to:
(i) Compute tax to be paid in instalments.
(ii) Determine the Penalties according to S.98 (1) if instalments paid.
(iii) Compute interest according to S.100 if instalments not paid.
question.
Most candidates were unable to determine penalties and to compute
interest as required.
QUESTION 3: INCOME TAX LAW – DETERMINATION OF TOTAL INCOME.
(a) With examples the candidates were required to explain how business
activities differ from investment activities.
(b) Discuss briefly the tax treatment of the following items of income as
per the Income Tax Act (R.E. 2014):
(i) Dividend
(ii) Rent
(iii) Interest
(iv) Distribution from a resident trust
(c) Use the given information about a person who disposed various
assets during the tax year ended 31st December 2015 to calculate the
chargeable investment capital gain.
who passed 106 (18.2%) and 08 (1.4%) candidates scored pass and
credit marks respectively. No candidate scored distinction marks in this
question.
Candidates were failed to calculate key issues required by the particular
question.
68
QUESTION 4: CUSTOM AND EXCISE DUTY
(a) Explain important procedures which a person is required to go
through when goods are imported.
(b) Use the given information concerning a business man who
imported a saloon car with 1,000cc on the given date for business,
to determine the Total duties/tax paid to the TRA.
question.
Most candidates did not have a clear understanding of the importation
procedures instead they answered by highlighting importation steps
without taking into consideration the custom procedures as per the
Custom Management Act.
QUESTION 5: PUBLIC FINANCE

(a) Explain the functions of the government in public finance.
(b) Extricate Public Finance from Private Finance
(c) Differentiate between ‘public goods’ and ‘private goods’.
Candidates’ performance in this question was satisfactory. Out of 1,020
Some candidates failed to understand the question hence failed to
answer appropriately.
69
QUESTION 6: INCOME TAX LAW – DETERMINATION FROM TOTAL
INCOME
(a) Candidates were required to use the given information which was
about the Tanzanian new government which has been tough on tax
evasion and to cub insufficient tax revenue collection describe
procedures to recover unpaid tax.
(b) Use the information about a person who had been working for one
company in Arusha since 2010 and received a bonus of 10% of his
annual salary; to calculate the taxable employment income and
income tax payable.

question.
Many candidates failed to calculate the taxable employment income and
income tax payable in the section (b) of the question.
QUESTION 7: TAXATION – VAT AND OTHER INDIRECT TAXES
(a) Candidates were required to state the current registration thresholds
for VAT purposes.
(b) With reference to VAT Act 2014 to state the tax point for the
supply of goods and services.
(c) Use the given information about a trading company which is a
VAT registered trader dealing with building materials, to:
(i) State the due date for lodging VAT return.
(ii) Calculate the amount of VAT payable or refundable.

question.
No major weakness was noted. However those who failed were unable
to calculate the amount of VAT payable or refundable.
70
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.
Out of 1,087 candidates who answered the examination only 444 (40.8%)
candidates passed while the remaining 643 (59.2%) candidates failed. Out
of those who passed 439 (40.4%) and 05 (0.4%) candidates scored pass
and credit marks respectively. No candidate scored distinction marks in
this question.
8.1.1
TABLE 8.1.7
CLASSIFICATION OF
MARKS 00-39 40-59 60-79 80-100 TOTAL
NO. OF CANDIDATES 643 439 05 00 1,087
(FREQUENCY)
PERCENTAGE 59.2 40.4 0.4 0.0 100
TABLE 8.1.8
556 79.3 444 40.8 11.2
71
B5 PERFORMANCE MANAGEMENT

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.
QUESTION 1: DECISIONS-MAKING TECHNIQUES
one company which produces a variety of cosmetic creams and
lotions; to round all working to two decimal places using linear
programming to;-
(i) Calculate the optimum number of products.
(ii) Calculate the total contribution.
(b) Calculate the shadow price for the given silk powder and the slack
for silk amino acids.
2,526 candidates who answered the question only 449 (17.8%)
Most candidate failed to formulate the linear programing module and
also they failed to calculate shadow price.
QUESTION 2: BUDGETARY PLANNING AND CONTROL.
company which is based in Dar es Salaam and owns an island which
is located off coast of Dar es Salaam; to prepare the budgeted
statement of profit or loss.
(b) Calculate the percentage of maximum capacity of maximum
capacity at which the given zoo would break even during the given
period.
72
1,384 candidates who answered the question only 12 (0.9%) candidates
passed while the remaining 1,372 (99.1%) candidates failed. Out of
those who passed 09 (0.7%) and 03 (0.2%) candidates scored pass and
question.
Most candidates were not conversant with the topic tested in this
question.
QUESTION 3: VARIANCE ANALYSIS

business company which based its budget on the activity measure
during the given period and planned to serve 30,000 customers; to
prepare a performance report.
(b) Use the given information concerning a company which produces
three types of products where the CEO had discovered the total
contribution margin for the 1st quarter came in lower than expected;
to calculate all of the Contribution Margin variances and explain
what happened.
2,155 candidates who answered the question, 04 (0.2%) candidates
scored pass marks while the remaining 2,151 (99.8%) candidates failed.
There were neither credit nor distinction marks in this questions.
Most candidates demonstrated poor understanding on sales margin
variance and most candidates didn’t understand the concept of
performance report and poor presentation of answers.
QUESTION 4: COST ACCOUNTING TECHNIQUES – INCOME EFFECTS OF
ALTENATIVE COST ACCUMULATION SYSTEMS
Candidates were required to use the given memo about the briefing that
was sent to the given person recently about variable costing and
absorption costing to write a memo in response to the given General
Manager’s concerns that he had raised.
The use of report confused most of candidates and majority were not
able to distinguish between direct and variable costing.
73
QUESTION 5: PERFOMANCE MEASUREMENT AND CONTROL –
DIVISIONAL PERFOMANCE AND TRANSFER PRICING.
Candidates were required to use the given information concerning two
subsidiary companies where one company produces components form
manufacturing finished products; to:-
(a) Analyse the advantages of coercing a subsidiary to transfer a
component at a specified price and advice management on the
best course of action.
(b) Point out the dysfunction effect of coercion and suggest how it
can be avoided.
passed while the remaining 1,932 (98.4%) candidates failed. Out of
those who passed 31 (1.5%) and 01 (0.1%) candidates scored pass and
question.
Most candidates were weak in terms of the computation of net realizable
value, they ended up giving generic advantage and disadvantage of
transfer pricing.
QUESTION 6: DECISIONS-MAKING TECHNIQUES: DECISION MAKING
UNDER ENVIRONMENT OF UNCERTAINITY AND RISK.
Candidates were required to use the given information to concerning two
persons who were planning their own wedding which was expected to
take place 5 months from then; to;-
(a) Draw a decision tree and calculate the expected number of invitees.
(b) Calculate which venue is expected to be hired and what is the
expected return obtained.
those who passed 13 (1.1%), and 01 (0.1%) candidates scored pass and
credit marks respectively.
Most candidate did not know how to calculate expected number of
invitees, also most candidate did not know the use of decision tree.
74
QUESTION 7: COST ACCOUNTING TECHNIQUES – THROUGHPUT
ACCOUNTING.
private university which offers three types of CPA (T) review
classes; to;-
(i) Calculate the throughput accounting ratio.
(ii) Calculate optimum product mix and the maximum profit.
(b) Use the given information assumption to discuss whether the overall
profit of the company could be improved by equipping and using the
extra given lecture room.
1,638 candidates who answered the question, only 187 (11.4%)
candidates passed while the remaining 1,451 (88.6%) candidates failed.
Most candidates failed to understand the requirement of the question and
could not even find appropriate way to approach the question. Hence
answers were completely wrong.
75
markers also found the paper to be well balanced. The paper had a good
mixture of theoretical and computational questions.
Out of 2,526 candidates who answered the examination only 316 (12.5%)
candidates passed while the remaining 2,210 (87.5%) candidates failed.
pass and credit marks respectively. No candidate scored distinction marks
in this question.
8.1.9
TABLE 8.1.9
CLASSIFICATION OF 00-39 40-59 60-79 80-100 TOTAL

MARKS
NO. OF CANDIDATES 2,210 280 36 00 2,526
(FREQUENCY)
PERCENTAGE 87.5 11.1 1.4 0.0 100
TABLE 8.1.10
754 29.4 316 12.5 40.9
76
B6 MANAGEMENT, GOVERNANCE AND ETHICS
to apply principles of strategic management, good governance and business ethics
management and administrative functions of an organisation.
QUESTION 1: SUSTAINABLE BUSINESS STRATEGIES, MITIGATION OF
CONFLICTS BETWEEN MANAGEMENT AND BOARD OF
DIRECTORS, AND UNETHICAL PRICING STRATEGIES.
(a) Candidates where required to use given statement concerning the
need of companies to redefine their business strategies; to give
practical solutions to business companies as to why sustainable
business strategies are extremely important.
(b) Use the give case about discussion that went on in one of the Board
of Directors meeting; to discuss five ways of mitigating conflicts
between management and board of directors.
(c) Use the given information about the nature of competitive business
environment to discuss five unethical pricing strategies.
No major weakness was noted in this question.
77
QUESTION 2: INDUSTRIAL ANALYSIS (MARKETING ANALYSIS)
(a) Candidates where required to use the given information which was
about the Mhasibu Bookshop which is a leading company with a
monopoly in the market in selling CPA (T) books; to:-
(i) Explain the meaning of an ideal industry.
(ii) Describe the bases of industrial markets segmentation.
(b) Use the given information regarding a furniture company which is a

listed manufacturing company based in Dar es Salaam; to:-
(i) Explain the concept of asymmetric information in the context of
agency theory.
(ii) Generally explain what is meant by agency theory.

passed 169 (38.6), 78 (17.8%) and 18 (4.1%) candidates scored pass,
Some candidates failed to give out the practical explanations rather they
listed and guessed the answers.
QUESTION 3: STRATEGIC IMPLEMENTATION
(a) Candidates were required to use the given statement regarding
several ways managers can use to improve the operations of a
company; to state reasons that might force a manager to restructure a
company.
(b) Use the given phrase concerning a certainty of a company whether it
was pursuing best strategy or not; to briefly describe the purpose of
conducting and approach used to perform external and internal
analysis.
(c) Name and explain the characteristics of a good strategic decisions.
question.
No major weakness was noted in this question, however, those who
failed did not know how internal analysis is conducted.
78
QUESTION 4: BOARD OF DIRECTORS, ORGANISATION CULTURE, AND
AUDITING
(a) Candidates were required to use the given information regarding the
study of corporate governance which focuses on the processes,
mechanisms and structures; to:
(i) Account for components of corporate governance approaches.
(ii) Analyse Board of Director’s responsibilities that are involved in
policy formulation.
(b) Discuss five main responsibilities of an audit committee as audit

committee is a key element of ensuring good governance.
(c) Analyse key advantages of culture to an organization by assuming
that one has been appointed to address a forum which was attended
by human resource officers on the importance of culture in bringing
about health organization.
No major weakness was noted in this question, most of those who failed
did not understand the requirement of the question.
QUESTION 5: GOVERNANCE: AUDITING WORK; ROLE OF BOARD OF
DIRECTORS
(a) Candidates were required to use the given quotation that ‘Auditors
are enemies of management; to discuss factors that affect external
auditors’ independence when executing their roles as auditors.
(b) Discuss how the board of directors oversees the functions of
management in an organization as one of the major roles of the
Board of Directors is to oversee the management of the organisation.

Most candidates had problem with question number 5 (b). They were just
answering on how the board of directors oversees the functions of
management. They simply did not know the answers.
79
QUESTION 6: ETHICS
(a) Briefly identify and explain fundamental principles and criteria
which show that corruption is immoral.
(b) Illustrate how probity operates at the level of an individual and at the
level of the organization.
(c) Discuss five main unethical practices in business operations on the
basis that ethical and unethical business depends on how someone
defines these terms and the environment where business operates. .
(d) Explain the difference that exist between moral duties and legal
duties.
370 candidates who answered the question only152 (41.1%) candidates
question.
Most candidates attempted question like guessing the answers, some of
them listed the points and not explaining as the question demanded.
QUESTION 7: STRATEGIC MANAGEMENT: STRATEGIC EVALUATION.
(a) Analyse the stages and steps in evaluating business plan concept on
the basis that business concept is an important factor in any business
undertaking.
(b) State the categories of responsibilities that the company has fulfilled
by taking the measures mentioned in the given case. The case is
about one small company which deals with designing shows for
women. .

passed 60 (19.0%) and 05 (1.6%) candidates scored pass and credit marks
Most candidates who failed this question were not prepared themselves
enough for this topic.
80
the questions examined and time allocated for each question, with a wider
spread of topics within the syllabus.
examination paper.
TABLE 8.1.11

(FREQUENCY)
PERCENTAGE 30.3 66.8 3.0 0.0 100
TABLE 8.1.12
526 93.9 539 69.7 1.2
81
INTRA LEVELS ANALYSIS OF CANDIDATES’ PERFORMANCE –
FOUNDATION AND INTERMEDIATE
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 258 candidates who sat for examination
papers in both Foundation and Intermediate levels.
The performance is as indicated hereunder:
FOUNDATION AND INTERMEDIATE

S/No. COMBINATION Number Percent
1 Pass Both 26 10.1
2 Pass FOUND, Partial Pass INTER 102 39.5
3 Pass FOUND, Fail INTER 87 33.7
4 Partial Pass FOUND, Pass INTER 0 0.0
6 Partial Pass FOUND, Fail INTER 16 6.2
7 Fail FOUND, Pass INTER 0 0.0
8 Fail FOUND, Partial Pass INTER 3 1.2
9 Fail Both 13 5.0
Total 258 100%
82
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 Corporate Reporting
C2 Auditing and Assurance
C3 Business and Corporate Finance
C4 Public Finance and Taxation II
These examination papers have been tested for the fourth time 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.
During the May 2016 examination session, 2,289 candidates sat for Final Level
examinations out of whom 300 (13.1%) have passed this level and therefore eligible
for the award of STATEMENT OF SUCCESS, 107 (30.9%) have passed some of the
subjects while 1,281 (56.0%) have failed the examinations.
The general performance subject-wise for the Final level examination in this session is as
shown on Table 9.1
TABLE 9.1
MODULE E SUBJECT -WISE PERFORMANCE ANALYSIS:
MAY 2015 AND MAY 2016
Code Subject Performance
May 2015 May 2016
C1 Corporate Reporting 1288 539 41.8 1,296 376 29.0
C2 Auditing and Assurance 1211 596 49.2 1,095 399 36.4
C3 Business and Corporate Finance 672 212 31.5 1,050 291 27.7
C4 Public Finance and Taxation II 777 563 72.5 880 465 52.8
83
C1 CORPORATE REPORTING
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
In this paper, topics examined and candidates’ performances were as follows:
QUESTION 1: PREPARATION AND REPORTING INFORMATION FOR
FINANCIAL STATEMENTS AND NOTES
Candidates were required to use the given information to concerning a
group which consists of a parent entity and subsidiaries to:
(a) Explain why consolidated financial statements are useful to the
users
of financial statements as opposed to just the parent company’s
separate (entity) financial statements.
(b) State and explain any four practical reasons why parent company’s
own financial statements cannot show the full picture of the parent
investments, unless presenting consolidated financial statements.
(c) Use the given information about one company which is a
multinational group which carries on a business as a distributor to
prepare a consolidated statement of financial position of the given
company at the given period of time using the full goodwill method.
candidates passed while the remaining 1,179 (90.0%) candidates
failed. Out of those who passed 99 (7.6%) and 18 (1.4%) candidates
scored pass and credit marks respectively. No candidate scored
distinction marks in this question.
Major weakness in this question was that candidates mixed between
the usefulness of consolidated financial statements and practical
reasons as to why parent company accounts alone cannot show the
full picture of the parent investment. Otherwise there were a lot of
entries that could be picked straight away form the question without
any workings.
84
QUESTION 2: REPORTING THE FINANCIAL PERFORMANCE OF
ENTITIES: FINANCIAL INSTRUMENTS
Candidates were required to use given information to:-
(a) Evaluate whether each of the listed items (i) to (v) is a financial
instrument and whether it should be accounted for under IAS 32:
Financial Instrument Presentation.
(i) Cash deposited in banks.
(ii) Prepaid expenses
(iii) Gold bullion deposited in banks
(iv) Finance lease receivables or payables
(v) Trade accounts receivable
(b) Use the given extract from a trial balance of one company to
prepare
the extracts o that company in a given period of time in terms of:-
(i) Statement of Profit or Loss and other comprehensive
income
(ii) Statement of financial position
of 935 candidates who answered the question only 116 (12.4%)
failed. Out of those who passed 109 (11.7%) and 07 (0.7%)
candidates scored pass and credit marks respectively. No candidate
Most candidates failed to identify the financial instruments as per
IAS 32. Most failed to prepare the required financial statements.
QUESTION 3: IFRS 8-OPERATING SEGMENTS
Candidates were required to use the given information which was
about a group of company incorporated in Tanzania and operates in
other countries to:-
(a) Determine and show the reportable segments of the given company
following other criteria(s) set by IFRS 8: Operating segment
(Round all percentages to the nearest whole number).
(b) Prepare a segment report for the given company for the year ended
31st December 2015 that complies with IFRS operating segment.

failed. Out of those who passed 25 (5.1%) and 05 (1.1%)
85
candidates scored pass and credit marks respectively. No candidate
Most candidates expressed poor understanding of IFRS 8. Those
who answered the question gave descriptive reports rather than
financial statements as required by IFRS 8 and section (b) of the
question.
QUESTION 4: IAS 37-PROVISIONS, CONTINGENT ASSETS, CONTINGENT
LIABILITIES; IAS 10 EVENT AFTER REPORTING PERIOD
Candidates were required to use given information concerning one
company which was a regional brewer in East Africa to assess and
advise how each of the given scenarios should be treated in the
accounts of the given company for the year to 30th June 2015.
Most candidates were not aware about the application of IAS 37 and
IAS 10 in the treatment of various scenarios stated in the question.
QUESTION 5: REPORTING FRAMEWORK AND CREATIVE ACCOUNTING
(a) Candidates were required to use the given information related to

creative accounting to:-
(i) Describe the methods used in creative accounting and the ways
to curb creative accounting
(ii) Analyse four objectives management tries to achieve through
creative accounting
(iii) Explain the extent to which creative accounting can be
practised in line with IFRSs.
(b) Use the given information regarding the International Accounting
Standards Board, to:-
(i) Discuss the main principles of fair value management as set
out in IFRS 13: Fair Value Measurement
(ii) Describe the three-level hierarchy for fair value
measurements used in IFRS 13: Fair Value Measurement
86
those who passed 307 (31.2%), 99 (10.1%) and 45 (4.6%)
No major weakness noted in this question.
QUESTION 6: IAS PRESENTATION OF FINANCIAL STATEMENTS
Candidates were required to use the given information related to IAS 8:
Accounting Policies, to:-
(a) Present the extract from the statement of Profit or Loss and other
comprehensive income so as to reflect the change in accounting
policy, in accordance with IAS 8.
(b) Compute the company’s retained earnings at 31st December 2015

and the restated retained earnings as at 31st December 2013 and
2014.
(c) Evaluate how Statement of changes in equity for the year ended
31st December 2015 should be presented in the company financial
statements.
Candidates’ performance in this question was fairly satisfactory. Out of
481 candidates who answered the examination, 191 (39.7%) candidates
Most candidates had problems with computing retained earnings for the
years 2013 and 2014.
87
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 1,296 candidates who answered the paper only
376 (29.0%) candidates passed while the remaining 920 (71.0%)
candidates failed. Out of those who passed 356 (27.5%) and 20
(1.5%) candidates scored pass and credit marks respectively. No
candidate scored distinction marks in this examination paper.
TABLE 9.1.1
C1 CANDIDATES’ PERFORMANCE ANALYSIS
Classification of Marks 0-39 40-59 60-79 80-100 Total
No. of Candidates (Frequency) 920 356 20 00 1,296
Percentage 71.0 27.5 1.5 0.0 100
TABLE 9.1.2
C1 COMPARISON OF PASS RATE WITH MAY 2015 EXAMINATIONS
May 2015 May 2016 %
No. of candidates passed % No. of candidates passed % decrease
539 41.8 376 29.0 17.8
88
C2 AUDITING AND ASSURANCE SERVICES
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
were required to answer four questions. Question one carried 40% was
compulsory
QUESTION 1: ACCEPTING ENGAGEMENT AND MANAGING
ASSIGNMENT; DRAWING CONCLUSIONS AND
REPORTING; OBJECTIVE, PROCESS AND NEED FOR
EXTERNAL AUDIT ASSURANCE; ASSESSMENT OF RISK,
INTERNAL CONTROL AND FINANCIAL CONTROLS
(a) Candidates were required to use given information concerning one
audit firm operating in Tanzania and in other countries; to give a
brief advice to the given partners on the possibility of undertaking
both, external and internal audit, assignments in the given city and
Da es Salaam.
(b) Use the given information relates to an audit manager for two of
the clients in the audit firm and he is reviewing audit files and audit
draft reports submitted by two subordinates to comment on the
suitability of the recommended audit opinions clearly stating the
arguments for or against the recommendations.
(c) Use the given information about the auditors of one company
which deals with insurance services and hence regulated by TIRA
to describe the elements of an assurance engagement such as the
one which firm has got into with the given company.
(d) Distinguish between an ‘emphasis of matter paragraph’ and ‘any
other matters paragraph’ in an auditor’s report.
(e) Use the given statement about internal control to explain briefly
the process of designing and operating the internal controls.
scored pass marks while the remaining 1,086 (99.2%) candidates
failed. There were neither credit nor distinction marks in this
questions.
Most candidates demonstrated a very weak understanding of auditing
and assurance concepts. Further and more importantly they did not
understand how to apply the auditing and assurance knowledge in an
audit case.
89
QUESTION 2: PLANNING AND UNDERTAKING AUDIT WORK
(a) Candidates were required to use given information about one
company which operates two coal mines which has been listed in the
National Stock Exchange, to:-
(i) Describe the matter that your firm will consider before placing
reliance on the work of the internal audit department of the
given company
(ii) State how reliance on internal audit would be applied by the
firm.
(b) Evaluate the composition of the Board of Directors of the given
company and give recommendations you consider necessary in this
set up.
(c) Explain what is meant by independent non-executive directors and
state their importance to companies such as that of the given
company.
Most candidates failed to state how reliance in internal audit would be
applied by a firm instead most of them were explaining the reasons for
either reliance or not reliance to the work of the internal audit. Others
failed to evaluate the composition of Board of Directors and good practice
on corporate governance as per the case that has been given.
QUESTION 3: LEGAL, REGULATORY AND ETHICAL ISSUES; ACCEPTING
ENGAGEMENTS AND MANAGING ASSIGNMENTS
Candidates were required to use given information which was about a
staff training session on internal control organised by one company to
discuss the possibility that the given company had impaired their
independence or otherwise acted unprofessionally in each of the
situations described.
Most candidates failed to put the theories that have acquired into
practical situations as each section’s case required. They just explained,
mentioned and discuss those theories as they were -instead of linking
them and state clearly and briefly how can they be applied in each
section.
90
QUESTION 4: PLANNING AND UNDERSTANDING WORK
(a) Candidates were required to use given information concerning an
extract from the statements for the year ended 31st December 2015
to base on the given information, perform analysis on the sales,
wages, salaries and debtors by using the following analytical
procedures:
(i) Comparison
(ii) Ratio analysis
(iii) Reasonableness test
(b) Use the given information about ISA 710 which has been
restructured to explain the following terms as applied in the ISA
710:
(i) Corresponding figures
(ii) Comparative financial statements.
(iii) The auditor’s responsibilities for corresponding figures.
(c) Explain any four generally accepted objectives for statement of
financial position/balance sheet audit.
question.
Most of candidates did not know how to perform analytical procedures.
Some did not know even the formula of gross profit margin.
Many candidates demonstrated poor understanding of generally

accepted objectives for statement of financial position audit. Many of
them answered the question out of the context of audit.
QUESTION 5: EXTERNAL AUDIT IN PUBLIC SECTOR

the role of government agencies in assisting the Controller and
Auditor General (CAG) to identify and explain stages involved in
developing performance indicators.
(b) Use the information about the requirement of CAG to report to the
Parliament on the spending of audited entities to describe the main
approaches used by public sector auditors in performing value for
money audit, depending on the information available, nature of the
entity’s operations and other factors.
(c) Use the given information about the general framework of auditing
standards for the International Organisation of Supreme Auditing
91
Institutions (INTOSAI) to describe and explain general standards
required by INTOSAI.
(d) With examples discuss challenges of auditing public sector entity in
Tanzania.
Candidates’ performance in this question was not satisfactory as all 431
candidates who answered the question failed.
Most candidates failed to distinguish between weaknesses faced by public
sector auditors from those faced by public sector organisations.
QUESTION 6: NATURE OF AUIDT EVIDENCE AND THE SELECTION OF

SUFFICIENT APPROPRIATE EVIDENCE; PLANNING AND
UNDERSTANDING WORK
(a) Candidates were required use the information about various ways
which the auditors employ in the process of gathering audit evidence
to:-
(i) Discuss the meaning of ‘management representations’ giving
six items that could be included in a management
representation letter.
(ii) Distinguish between ‘management experts’ and ‘auditor
experts’, stating clearly the extent of the auditor expert’s
responsibility over the audit opinion.
(b) Use the given information concerning a company which engages in
the passenger transportation services to:-
(i) Comment on the matters that you should consider in respect of
the audit of finance lease assets and expenses.
(ii) State the audit evidence you should obtain to verify the figure
of finance lease assets in the financial statements of the given
company.
Those who failed this question they kept on explaining the balance sheet
and income statement assertions instead of answering the question. They
also failed to use the various audit procedures to obtain audit evidence in
verification of finance lease assets in financial statements.
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9.1.3
TABLE 9.1.3
No. of Candidates (Frequency) 696 369 30 00 1,095
Percentage 63.6 33.7 2.7 0.0 100
TABLE 9.1.4
MAY 2015 May 2016 %
596 49.2 399 36.4 19.8
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C3 BUSINESS AND CORPORATE FINANCE

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.
were required to answer four questions. Question one carried 40% was
compulsory
QUESTION 1: FINANCING ANALYSIS
(a) Candidates were required to use given information about one company which
manufactures sports equipment to:-
(i) Identify and explain the strategic position of each of product within the
given city. Assess the implications of this positioning within the city, in
determining the extent that should be invested in each of its products.
(ii) As an external consultant write a memorandum to the directors of ME
outlining the merits and demerits of each of the following joint
development strategies in respect of Raba shoes:
• Licensing
• Franchising
• A joint venture
• A merger
(b) Use the given information regarding one company which is an all equity financed
listed companied which develops customised software for clients to:
(i) Calculate, using the Capital Asset Pricing Model (CAPM), the required
rates of return on equity of the given two companies
(ii) Calculate the beta of Imelda Co. assuming its required annual rate of return
on equity is 17% and the stock market uses the Capital Asset Pricing Model
(CAPM) and explain the significance of the beta factor.
(iii) Help the Finance Director to write a memorandum to the Chairman in
language understandable to a non-finance manager.
Candidates’ performance in this question was not satisfactory. Out of 1,050
candidates who answered the question only 38 (3.6%) candidates passed while the
remaining 1,012 (96.4%) candidates failed. Out of those who passed 37 (3.5%) and
01 (0.1%) candidates scored pass and credit marks respectively. No candidate
94
Candidates did not understand the question clearly as they rushed to answer it in a
wrong way and very brief.
QUESTION 2: DIVIDEND POLICY AND SHARE EVALUATION

(a) Candidates were required to use given information about
company’s dividend decisions and their implications for both its
investment and its financing decisions to:-
(i)Describe the alternative dividend policies that companies
can adopt and their significance.
(ii) Discuss the dividend relevance and dividend irrelevance
schools of thought.
(iii) Explain any two alternatives other than cash dividends of
rewarding shareholders.
(b) Candidates were required to given information about a company
which could afford to pay TZS.5 per share dividend annually
forever to determine:-
(i) The current value of the share.
(ii) The cost of the resolution not to pay dividend for the next
20 years for each shareholder.
Most candidates failed to determine the current value and the cost of
resolution not to pay dividend.
QUESTION 3: BUSINESS ANALYSIS

(a) Candidates were required to use given information about a company
which is a food-processing firm that was considering an investment
opportunity to:-
(i) Evaluate the project using the Adjusted Present Value (APV)
method and suggest whether it should be undertaken or not.
(ii) With calculations and reasons, suggest whether or not you
would recommend the project assuming the firm pays no
corporate tax.
(iii) Based on the answers above, briefly explain why it is
important to consider taxes in project evaluation.
(b) Discuss how sensitivity analysis can help managers to assess the risk
of an investment project.
95
215 candidates who answered the question, 12 (5.6%) candidates scored
pass marks while the remaining 203 (94.4%) candidates failed. There
were neither credit nor distinction marks in this questions.
Candidates were weak in calculating the Present Values with and
without tax.
QUESTION 4: FINANCIAL ENGINEERING AND PLANNING

(a) Candidates were required to use given information concerning a
bank branch which had surplus funds to invest to explain at which
centre will the investment be made and what will be the net gain (to
the nearest TZS.) to the bank on the funds. Candidates were
required to ignore brokerage and other expenses.
(b) Candidates were required to use the given information about
someone who had been appointed as a financial analyst to assist
estimating the firm’s cost of capital for use to prepare a brief note
for the managing director to include:-
(i) Details on the estimation of the market value weighted
average cost of capital of the given company.
(ii) A discussion of why the cost of equity is greater than the
cost of debt.
question.
Most candidates failed to notice that the exchange rates were to be
adjusted for the discounts and premiums and therefore they did not make
adjustments.
Others also had little idea of how to perform calculations on weighted
average cost of capital.
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QUESTION 5: MANAGING RISK
the Financial Director of one company based in the UK who is
concerned that interest rates could become more volatile to illustrate
the possible results of hedging interest rate risk using interest rate
futures if interest rate in six months’ time increase by 3% and the
September future-market price increases by 2%.
(b) Use the given information about one company that manufactures
footwear for the past ten years to advise company’s board whether it
should use forward contract or money market hedge when managing
the above dollar transaction over the next six months.
Candidates failed to apply knowledge on hedging to calculate hedge
position and efficiency. ’ performance in this question was not
satisfactory. Out of 300 candidates who answered the examination only
candidates failed. There was neither credit nor distinction marks in this
question.
QUESTION 6: FINANCIAL ANALYSIS (PORTFOLIO THEORY)
one company which engages in the printing business to:-
(i) Explain in what proportion of available investment funds
should the company invest in the projects in order to have the
best possible capital allocation?
(ii) Determine what will the risk and return of such a portfolio be
(iii) Explain if is it a good idea to invest in portfolios that are
positively correlated
(iv) Describe to the given company the meaning of an optimum
portfolio.
(b) Critically discuss any three factors that a corporate treasurer of a
multinational company needs to consider in managing a debt
portfolio.
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question.
Candidates showed weakness in doing the required calculations.

9.1.5
TABLE 9.1.5
Classification of 0-39 40-59 60-79 80-100 Total
Marks
No. of Candidates 759 286 05 00 1,050
(Frequency)
Percentage 72.3 27.2 0.5 0.0
TABLE 9.1.6
MAY 2015 May 2016 % increase
No. of candidates % No. of candidates %
passed passed
212 31.5 291 27.7 15.7
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C4 PUBCLI FINANCE AND TAXATION II
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.
were required to answer four questions. Question one carried 40% which was
compulsory

QUESTION 1: PUBLIC FINANCE
(a) Candidates were required to use given information concerning
Gross
National Product (GDP) per person to explain any five limitations
of GNP as a measure of a person’s welfare.
(b) Use the given information about the national income figures for a
particular country in the given period to calculate the following:
(i) GDP at factor cost

(ii) GDP at market price
(iii) GNP at market price if net factor income from abroad was
negative 37 million.
(c) Use the given information which is about major government efforts
of the current regime in Tanzania in reducing government
expenditure to explain main principles of public expenditure.
(d)(i) What do you understand by ‘Taxable capacity’?

(ii) Discuss the determinants of taxable capacity of an individual or a
nation.
(e) Use the given statement concerning the experience that shows less
developed countries face deficit budget to discuss the features of
deficit budget using an example of any country of your choice.
(f) Use the given information which was about the issue of Less
Developed Countries that are facing persistent increase in public debts
to discuss the given contention.
99
marks respectively. No candidate scored distinction marks in this question.
Many candidates failed to explain the limitations of GNP as a measure of
person’s welfare. They also failed to state clearly the main principles of
public expenditure.
QUESTION 2: INCOME TAXATION (BASIC PROVISIONS OF THE INCOME
TAX ACT)
(a) Identify who is required to file return of income under section
91(1) and what are the exceptions under Section 92 of Income Tax
Act (ITA) (Cap 332) ?
(b) Enumerate the contents of a return of income as provided under
section 91(2) of Income Tax Act, (Cap 332) .
(c) Use the information given about Section 39 of the Tax
Administration Act, 2015 which gives powers to Commissioner of
Income Tax to grant extension of time to the person who is
required to file return of income to state the limitations of the
powers (provided) to the Commissioner as stipulated in the law (on
granting the extension of time.
(d) Use the given information about one company which is established
in the URT since 1990s to:-
(i) Explain what was the due date for filling the provisional
returns for the company as per S.89 of the ITA, Cap 332,
(ii) State the due date for filling the final return for the company
as per the provisions under the ITA, Cap. 332.
(iii) Compute the amount of income tax paid by the company on
1st instalment and 4th instalment.
(iv) Compute the amount of income tax paid by the company on
30th June 2015 (ignore any interest and/or penalty thereof).
(v) Ascertain the amount of penalty payable by the company as
per S.78 of the Tax Administration Act, 2015 (if any).
failed. Out of those who passed 56 (17.2%), 31 (9.5%) and 06
(1.8%) candidates scored pass, credit and distinction marks
respectively
Most candidates failed to make necessary computations.
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QUESTION 3: BASIC PROVISIONS OF INCOME TAX ACT
Candidates were required use the given information concerning one
Professor of accounting and head of research and publication
committee; to calculate the employment income, business income,
investment income and total taxable income of the said Professor for
the year of income 2014.
The major weakness was related with proper categorisation of income
between employment, business and investment.
QUESTION 4: INTERNATIONAL TAXATION
(a) Explain “the test of residence of an individual” as enshrined under
Section 66 of the Income Tax Act, Cap. 332.
(b) What is the significance of classifying a person as resident in the
United Republic of Tanzania (URT) for income tax purposes?
(c) Candidates were required to study the three given scenarios to state
whether the person mentioned in the scenarios was a resident in the
United Republic of Tanzania for the given year of income.
and marks respectively. No candidate scored distinction marks.
No major weakness noted in this question.
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QUESTION 5: TAXATION AND ECONOMIC EFFICIENCY
Candidates were required to use the given statement about a common
practice for government revenue authorities to discuss the implication of
changes in taxes on each of the following:
(a) Demand and supply of goods and services.
(b) Savings of individuals and companies.
(c) Producer and consumer surplus.
(d) Tax impact on consumption on wages and employment.
Most candidates were unable to identify key requirements of the
question, failure to argue and express points clearly and poor graphical
representation.
QUESTION 6: TAXATION OF SPECIALISED ENTITIES: MINING
COMPANIES
(a) Candidates were required to use the given information about a
resident mining company which has been engaged in mining
operations since 2010 to calculate taxable income and tax to be
paid by the company during the year ended 30th June 2014.
Assume corporate income tax rate is 30%.
(b) Use the given information which was about the assumption that
after the discovery, the mining company mentioned in part (a)
above did not carry business of mining during the given year; to
indicate and quantify all tax consequences to the parties concerned
due to the sale of the mines.
question.
Candidates expressed poor understanding of the treatment and
identification of allowable and non-allowable expenditures for mining
companies.
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Out of 880 candidates who answered the paper 465 (52.8%)
Out of those who passed 435 (49.4%), 30 (3.4%) candidates scored
pass marks respectively. No candidate scored distinction marks in this
examination paper

9.1.7
TABLE 9.1.7
No. of Candidates (Frequency) 415 435 30 00 880
Percentage 47.2 49.4 3.4 0.0 100
TABLE 9.1.8
MAY 2015 MAY 2016 %
563 72.5 465 52.8 9.5
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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 1485 candidates who sat examination
papers in the Intermediate and Final Levels respectively.
Their performance is as indicated hereunder:
INTERMEDIATE & FINAL

S/No. COMBINATION
Number Percent
1 Pass Both 55 3.7
2 Pass INTER, Partial Pass FINAL 112 7.5
3 Pass INTER, Fail FINAL 60 4.0
4 Partial Pass INTER, Pass FINAL 1 0.1
7 Partial Pass INTER, Fail FINAL 35 2.4
8 Fail INTER, Pass FINAL 66 4.4
9 Fail INTER, Partial Pass FINAL 275 18.5
10 Fail Both 791 53.3
Total 1485 100%
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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.
105
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.
106
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.
107
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.
108
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.
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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. The secret behind this is that, if trainers know that
the students are prepared in advance, they also do extra work. They ensure that
they are well prepared before they enter into 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.
110
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 54% was remembered.

After 7 days 35% 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 self-
study 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.
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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.
112
CHAPTER IV
CANDIDATURE DISTRIBUTION
The Board’s examination candidature comes from various training institutions (Tuition
Providers) in the country. The May 2016 examination session drew candidates from the
following institutions as per Table 10:
TABLE 10
NO. OF CANDIDATES
NAME OF ATEC ATEC FOUNDATION INTERMEDIATE FINAL TOTAL
INSTITUTION I II LEVEL LEVEL LEVEL
PRIVATE 16 29 71 495 348 959
PT ATTITUDE 3 172 116 291
PT CCA 20 15 6 7 2 50
PT
23 42 45 203 105 418
CORNERSTONE
PT DBC 1 2 1 4
PT EXCEL-
1 1 14 75 62 153
MOSHI
PT FANI 8 5 1 14
PT KAS 19 32 30 17 2 100
PT PAC- ARUSHA 12 11 30 164 78 295
PT PTC MWANZA 1 3 22 10 36
PT REHOBOTH
1 1 2
CONSULT.
PT SJCS 1 6 7
PT PERFECT-
2 9 5 16
SONGEA
PT PERFECT –
3 2 5
FUTURE
PT RUTER 3 6 2 11
PT FC 41 41
PT BRIGHT -
3 15 76 37 131
MOROGORO
PT INSPIRE 2 8 52 21 83
PT EVIN 1 8 552 474 1035
PT MMK
2 3 56 29 90
DODOMA
PT NAO 20 17 37
PT WAME 5 18 7 30
PT WETA 6 4 10
PT APT 2 2 7 1 12
PT BHC 10 4 14
PT WADE
3 3 11 8 25
ARUSHA
PT ZIBCO 17 12 29
PT BETA 17 10 27
113
NO. OF CANDIDATES
NAME OF ATEC ATEC FOUNDATION INTERMEDIATE FINAL TOTAL
INSTITUTION I II LEVEL LEVEL LEVEL
PT B&P 1 1 2
PT COVENANT-
19 25 159 1182 659 2044
FC
PT UPTAKE 11 10 21
PT AFC 468 288 756
PT ACG 35 32 67
PT FILADEFIA F.C
9 60 31 100
DODOMA
PT FTC 2 3 5
PT ZENJI 13 13 26
PT CCU 1 1 2
PT TCCG 2 75 33 110
PT IDIANA
4 13 7 24
CONSULT.
PT PYTHAGORAS
14 10 24
F.C
TOTAL APPLIED 115 168 484 3898 2441 7106
ABSENTEEISM 5 8 39 403 152 607
TOTAL SAT 110 160 445 3495 2289 6499
KEY
1 PRIVATE
2 PT ATTITUDE - Part-Time Review Classes conducted by Attitude Financial Consultants
3 PT CCA - Part-Time Review Classes conducted by Commercial College of Arusha
- Part-Time Review Classes conducted by Cornerstone Financial
4 PT CORNERSTONE
Consultants
- Part-Time Review Classes Conducted by Delve Business Consultants Co.
5 PT DBC
Ltd. of DSM
- Part-Time Review Classes Conducted by Excel Financial & Tax Solutions
6 PT EXCEL- MOSHI
of Moshi
7 PT FANI - Part-Time Review Classes conducted by Fani Business Consultants
- Part-Time Review Classes conducted by KAS Institute of Professionals
8 PT KAS
(T) Ltd. – DSM.
9 PT PAC- ARUSHA - Part-Time Review Classes Conducted by PAC Consultants of Arusha
- Part-Time Review Classes conducted by Professional Training Centre -
10 PT PTC MWANZA
Mwanza
11 PT REHOBOTH - Part-Time Review Classes conducted by Rehoboth Consultancy - DSM
12 PT SJCS - St. Joseph’s Commercial School – Tanga
- Part-Time Review Classes conducted by Perfect Trainers and Business
13 PT PERFECT- SONGEA
Consultants
PT PERFECT – - Part-Time Review Classes conducted by The Perfect Future Consultants
14
FUTURE
- Part-Time Review Classes conducted by Ruter Business and Management
15 PT RUTER
Services
- Part-Time Review Classes Conducted by First Contact Institute of
16 PT FC
Business Administration & Information Technology
114
PT BRIGHT - - Part-Time Review Classes conducted by Bright Professionals Tanzania -
17
MOROGORO Morogoro
18 PT INSPIRE - Part-Time Review Classes conducted by Inspire Consultants Ltd - DSM
- Part-Time Review Classes conducted by Evin School of Management -
19 PT EVIN
DSM
20 PT MMK DODOMA - Part-Time Review Classes conducted by MMK - Dodoma
21 PT NAO - Part-Time Review Classes Conducted by National Audit Office – DSM
22 PT WAME MWANZA - Part-Time Review Classes Conducted by WAME Investment - Mwanza
- Part-Time Review Classes conducted by Western Tanganyika College -
23 PT WETA - KIGOMA
Kigoma
- Part-Time Review Classes conducted by APT Financial Consultants –
24 PT APT
DSM
- Part-Time Review Classes conducted by Business Horizon Consultants -
25 PT BHC ARUSHA
Arusha
- Part-Time Review Classes conducted by WADE Through Financial
26 PT WADE ARUSHA
Consultants
- Part-Time Review Classes conducted by Zanzibar Intellectual and
27 PT ZIBCO
Business Consultants
28 PT BETA - Part-Time Review Classes conducted by Beta Business Consultants - DSM
29 PT B&P - Part-Time Review Classes conducted by Inter Consultant
- Part-Time Review Classes conducted by Covenant Financial Consultants -
30 PT COVENANT- FC
DSM
- Part Time review classes conducted by UPTAKE Business Resources (T)
31 PT UPTAKE
Ltd - DSM
- Part-Time Review Classes conducted by Accountants and Financial
32 PT AFC
Consultants Ltd
33 PT ACG - Part-Time Review Classes Conducted by Accountant General’s Office
PT FILADEFIA F.C. - Part-Time Review Classes conducted by Filadefia Financial Consultancy
34
DODOMA
35 PT FTC - Part-Time Review Classes conducted by Financial Training Centre
- Part-Time Review Classes conducted by Zenji Review and Consultancy -
36 PT ZENJI
Zanzibar
37 PT CCU - Part-Time Review Classes conducted by Chuo cha Uchumi Zanzibar
- Part-Time Review Classes conducted by Tanzania Centre for Corporate
38 PT TCCG
Governance DSM
PT IDIANA - Part-Time Review Classes conducted by Idiana Consultancy Mbeya
39 CONSULTANCY
MBEYA
40 PT PYTHAGORAS F.C. - Part-Time Review Classes conducted by Pythagoras Financial Consultants
115
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 CORNERSTONE
INTERMEDIATE LEVEL: PT CONVENANT F.C
FINAL LEVEL: PT CONVENANT F.C
2. 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
116
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 - PT SJCS
2nd - PT INSPIRE
3rd - DBC & PTC MWANZA
Category B: Above 5 Candidates 1st - PT CORNERSTONE
2nd - PT PAC ARUSHA
3rd - PT COVENANT.FC
ATEC II:
Category A: 1-5 Candidates 1st - PT EXCEL - MOSHI
2nd - PT BRIGHT-MOROGORO
3rd - PT MMK-DODOMA
2nd - PT COVENANT F.C
3rd - PT KAS
FOUNDATION LEVEL:
Category A: 1-20 Candidates 1st - PT SJCS
2nd - PT PTC MWANZA
3rd - PT IDIANA CONSULT.
3rd - PT FC
INTERMEDIATE LEVEL:
Category A: 1-20 Candidates 1st - PT APT & FANI
3rd - PT RUTER
Category B: Above 20 Candidates 1st - PT COVENANT F.C
2nd - PT MMK DODOMA
3rd - PT PTC MWANZA
FINAL LEVEL:
Category A: 1-20 Candidates 1st - PT APT & PT FANI
3rd - PT RUTER
Category B: Above 20 Candidates 1st - PT EXCEL MOSHI
3rd - PT TCCG
117
TABLE 11.1
SUMMARY OF RESULTS BY EXAMINATION LEVEL AND INSTITUTION WISE
1-5 CANDIDATES - ACCOUNTING TECHNICIAN LEVEL I
No of No of No of No of
Institution Entered Absent Sat papers A % of A B % of B C % of C No of F % of F GPA Ranking
PT - SJCS 1 0 1 4 0 0.0% 2 50.0% 2 50.0% 0 0.0% 1.50 1
PT - INSPIRE 2 0 2 8 1 12.5% 1 12.5% 3 37.5% 3 37.5% 1.00 2
PT - DBC 1 0 1 4 0 0.0% 0 0.0% 2 50.0% 2 50.0% 0.50 3
PT - PTC
1 0 1 2
MWANZA 0 0.0% 0 0.0% 1 50.0% 1 50.0% 0.50 3
PT - EXCEL
1 1 0 0
MOSHI 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0.00 5
Subtotals 6 1 5 18 1 5.6% 3 16.7% 8 44.4% 6 33.3%
RANKING
1ST - PT SJCS
2ND - PT INSPIRE
2ND - PT DBC & 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.
118
TABLE 11.1
ABOVE 5 CANDIDATES - ACCOUNTING TECHNICIAN LEVEL I
No of % of
Institution Entered Absent Sat papers No of A A No of B % of B No of C % of C No of F % of F GPA Ranking
PT -
23 0 23 59
Cornerstone 1 1.7% 5 8.5% 25 42.4% 28 47.5% 0.64 1
PT - PAC -
12 0 12 35
ARUSHA 0 0.0% 1 2.9% 20 57.1% 14 40.0% 0.63 2
PT - Covenant
19 0 19 52
F. C. 0 0.0% 3 5.8% 24 46.2% 25 48.1% 0.58 3
PT - KAS 19 3 16 35 1 2.9% 3 8.6% 7 20.0% 24 68.6% 0.46 4
PT - CCA 20 1 19 53 0 0.0% 2 3.8% 17 32.1% 34 64.2% 0.40 5
Subtotals 93 4 89 234 2 0.9% 14 6.0% 93 39.7% 125 53.4%
RANKING
1ST - PT Cornerstone
2ND - PT PAC Arusha
3RD - PT Covenant F. C.
Key:
Number of Grades – Is Number of Grades (A-F) scored by that Institution in all papers in that particular level?
119
TABLE 11.2

1-5 CANDIDATES - ACCOUNTING TECHNICIAN LEVEL II
No of
Institution Entered Absent Sat papers No of A % of A No of B % of B No of C % of C No of F % of F GPA Ranking
PT - EXCEL
1 0 1 4
MOSHI 0 0.0% 0 0.0% 4 100.0% 0 0.0% 1.00 1
PT-BRIGHT
3 0 3 12
MORO 1 8.3% 1 8.3% 5 41.7% 5 41.7% 0.83 2
PT - MMK
2 0 2 8
DODOMA 0 0.0% 0 0.0% 4 50.0% 4 50.0% 0.50 3
PT - WADE
3 0 3 6
ARUSHA 0 0.0% 0 0.0% 2 33.3% 4 66.7% 0.33 4
PT- PERFECT
2 0 2 6
SONGEA 0 0.0% 0 0.0% 2 33.3% 4 66.7% 0.33 4
PT - EVIN 1 1 0 0 0 0.0% 0 0.0% 0 0.0% 0 0.0% 0.00 6
PT - APT 2 1 1 2 0 0.0% 0 0.0% 0 0.0% 2 100.0% 0.00 6
Subtotals 14 2 12 38 1 2.6% 1 2.6% 17 44.7% 19 50.0%
RANKING
1ST - PT EXCEL MOSHI

1ST - PT BRIGHT MOROGORO
3RD - PT MMK DODOMA
Key:
120
TABLE 11.2 (b)
ABOVE 5 CANDIDATES - ACCOUNTING TECHNICIAN LEVEL II
No of
PT -
42 2 40 136
Cornerstone 17 12.5% 9 6.6% 60 44.1% 50 36.8% 0.95 1
PT - Covenant
25 0 25 70
F. C. 0 0.0% 5 7.1% 29 41.4% 36 51.4% 0.56 2
PT - KAS 32 2 30 88 0 0.0% 1 1.1% 27 30.7% 60 68.2% 0.33 3
PT - CCA 15 1 14 37 0 0.0% 0 0.0% 11 29.7% 26 70.3% 0.30 4
PT - PAC -
11 0 11 24
ARUSHA 0 0.0% 0 0.0% 6 25.0% 18 75.0% 0.25 5
Subtotals 125 5 120 355 17 4.8% 15 4.2% 133 37.5% 190 53.5%
RANKING
2ND - PT Covenant F. C.
3RD - PT KAS.
Key:
121
TABLE 11.3 (a)
SUMMARY OF RESULTS BY EXAMINATION LEVELS AND INSTITUTIONS
1- 20 CANDIDATES - FOUNDATION LEVEL
No of
PT- SJCS 6 2 4 9 3 33.3% 1 11.1% 5 55.6% 0 0.0% 1.78 1
PT - PTC Mwanza 3 0 3 9 0 0.0% 3 33.3% 6 66.7% 0 0.0% 1.33 2
PT – IDIANA CONSULT. 4 0 4 7 0 0.0% 3 42.9% 3 42.9% 1 14.3% 1.29 3
PT - RUTER 3 0 3 9 0 0.0% 3 33.3% 5 55.6% 1 11.1% 1.22 4
PT - TCCG 2 0 2 5 0 0.0% 2 40.0% 2 40.0% 1 20.0% 1.20 5
PT - MMK Dodoma 3 0 3 5 1 20.0% 0 0.0% 3 60.0% 1 20.0% 1.20 5
PT - INSPIRE 8 2 6 20 1 5.0% 5 25.0% 11 55.0% 3 15.0% 1.20 5
PT - EXCEL - MOSHI 14 0 14 41 1 2.4% 12 29.3% 20 48.8% 8 19.5% 1.15 8
PT - FANI 8 0 8 32 0 0.0% 7 21.9% 21 65.6% 4 12.5% 1.09 9
PT - BRIGHT
15 1 13 43
MOROGORO 1 2.3% 9 20.9% 23 53.5% 10 23.3% 1.02 10
PT- WADE ARUSHA 3 0 3 6 0 0.0% 1 16.7% 4 66.7% 1 16.7% 1.00 11
PT-REHOBOTH
1 0 1 2
CONSULT 0 0.0% 0 0.0% 2 100.0% 0 0.0% 1.00 11
PT - FTC 2 1 1 1 0 0.0% 0 0.0% 1 100.0% 0 0.0% 1.00 11
PT - EVIN 8 2 6 9 0 0.0% 1 11.1% 6 66.7% 2 22.2% 0.89 14
PT - WAME MWANZA 5 0 5 17 1 5.9% 0 0.0% 11 64.7% 5 29.4% 0.82 15
PT - FILADEFIA 9 1 8 18 0 0.0% 1 5.6% 12 66.7% 5 27.8% 0.78 16
PT - CCA 6 1 5 15 0 0.0% 1 6.7% 8 53.3% 6 40.0% 0.67 17
PT - DBC 2 0 2 6 0 0.0% 1 16.7% 2 33.3% 3 50.0% 0.67 17
PT - APT 2 1 1 5 0 0.0% 1 20.0% 1 20.0% 3 60.0% 0.60 19
PT - ATITTUDE 3 0 3 5 0 0.0% 0 0.0% 2 40.0% 3 60.0% 0.40 20
PT - CCU 1 0 1 1 0 0.0% 0 0.0% 0 0.0% 1 100.0% 0.00 21
Subtotals 108 11 96 265 8 3.0% 51 19.2% 148 55.8% 58 21.9%
RANKING
1ST - PT SJCS
2ND - PT PTC MWANZA
3RD - PT IDIANA CONSULT.
Key:
122
TABLE 11.3 (b)

ABOVE 20 CANDIDATES - FOUNDATION LEVEL
No of
PT -
45 5 40 117
Cornerstone 14 12.0% 30 25.6% 52 44.4% 21 17.9% 1.32 1
PT - Covenant
159 9 150 391
F. C. 5 1.3% 77 19.7% 229 58.6% 80 20.5% 1.02 2
PT - AFC 41 2 39 84 0 0.0% 19 22.6% 45 53.6% 20 23.8% 0.99 3
PT - KAS 30 0 30 91 0 0.0% 15 16.5% 59 64.8% 17 18.7% 0.98 4
PT- PAC
30 4 26 68
ARUSHA 0 0.0% 15 22.1% 25 36.8% 28 41.2% 0.81 5
Subtotals 305 20 285 751 19 2.5% 156 20.8% 410 54.6% 166 22.1%
RANKING
2ND - PT Covenant F.C
3RD - PT FC
Key:
Total No of Papers Attempted – Is calculated as sum of Number of Candidates times Papers Attempted (∑ of Candidates x No of Papers)
123
TABLE 11.4 (a)
1-20 CANDIDATES - INTERMEDIATE LEVEL
No of
PT - FTC 3 2 1 1 0 0.0% 0 0.0% 1 100.0% 0 0.0% 1.00 1
PT - RUTER 6 1 5 9 0 0.0% 0 0.0% 6 66.7% 3 33.3% 0.67 2
PT - APT 7 2 5 11 0 0.0% 0 0.0% 7 63.6% 4 36.4% 0.64 3
PT - WETA 6 0 6 9 0 0.0% 1 11.1% 4 44.4% 5 55.6% 0.60 4
PT - FANI 5 1 4 10 0 0.0% 0 0.0% 5 50.0% 5 50.0% 0.50 5
PT - B&P 1 0 1 1 0 0.0% 0 0.0% 0 0.0% 1 100.0% 0.00 17
PT-WADE ARUSHA 11 0 11 28 0 0.0% 1 3.6% 11 39.3% 16 57.1% 0.46 6
PT-WAME MWANZA 18 0 18 47 0 0.0% 0 0.0% 15 31.9% 32 68.1% 0.32 7
PT - IDIANA
13 3 10 24
CONSULT. 0 0.0% 0 0.0% 7 29.2% 17 70.8% 0.29 8
PT-KAS 17 2 15 38 0 0.0% 1 8 21.1% 29 76.3% 0.26 9
PT-ZIBCO 17 2 15 33 0 0.0% 0 0.0% 8 24.2% 25 75.8% 0.24 10
PT-PYTHAGORAS
14 0 14 38
F.C 0 0.0% 0 0.0% 9 23.7% 29 76.3% 0.24 11
PT - NAO 20 6 14 23 0 0.0% 0 0.0% 4 17.4% 19 82.6% 0.17 12
PT - BETA 17 0 17 26 0 0.0% 0 0.0% 4 15.4% 22 84.6% 0.15 13
PT - CCA 7 0 7 19 0 0.0% 0 0.0% 2 10.5% 17 89.5% 0.11 14
PT - ZENJI 13 3 10 12 0 0.0% 0 0.0% 1 8.3% 11 91.7% 0.08 15
PT - PERFECT-
9 2 7 12
SONGEA 0 0.0% 0 0.0% 1 8.3% 11 91.7% 0.08 15
PT-UPTAKE 11 1 10 11 0 0.0% 0 0.0% 0 0.0% 11 100.0% 0.00 17
PT - BHC 10 1 9 16 0 0.0% 0 0.0% 0 0.0% 16 100.0% 0.00 17
PT - PERFECT-
3 0 3 6
FUTURE 0 0.0% 0 0.0% 0 0.0% 6 100.0% 0.00 17
PT - CCU 1 0 1 4 0 0.0% 0 0.0% 0 0.0% 4 100.0% 0.00 17
PT REHOBOTH 1 0 1 2 0 0.0% 0 0.0% 0 0.0% 2 100.0% 0.00 17
PT - DBC 1 0 1 1 0 0.0% 0 0.0% 0 0.0% 1 100.0% 0.00 17
Subtotals 211 26 185 381 0 0.0% 3 0.8% 93 24.4% 286 75.1%
124
RANKING
1ST - PT APT & PT FAN

3RD - PT RUTER
Key:
Total No of Papers Attempted – Is calculated as sum of Number of Candidates times Papers Attempted (∑ of Candidates x No of Papers)
125
TABLE 11.4 (b)
ABOVE 20 CANDIDATES - INTERMEDIATE LEVEL
No of No of % of No of % of No of % of No of % of
Institution Entered Absent Sat papers A A B B C C F F GPA Ranking
PT - COVENANT F.C 1182 79 1103 2832 2 0.1% 86 3.0% 1135 40.1% 1609 56.8% 0.46 1
PT - MMK DODOMA 56 3 53 117 0 0.0% 2 1.7% 50 42.7% 65 55.6% 0.46 2
PT - PTC MWANZA 22 5 17 36 0 0.0% 1 2.8% 14 38.9% 21 58.3% 0.44 3
PT - EXCEL MOSHI 75 4 71 141 0 0.0% 1 0.7% 56 39.7% 84 59.6% 0.41 4
PT - FILADEFIA FC 60 6 54 120 0 0.0% 3 2.5% 42 35.0% 75 62.5% 0.40 5
PT- CORNERSTONE 203 15 188 428 0 0.0% 6 1.4% 156 36.4% 266 62.1% 0.39 6
PT - TCCG 75 8 67 130 0 0.0% 5 3.8% 38 29.2% 87 66.9% 0.37 7
PT - INSPIRE 52 7 45 115 0 0.0% 2 1.7% 38 33.0% 75 65.2% 0.37 8
PT - ATTITUDE 172 12 160 318 0 0.0% 6 1.9% 99 31.1% 213 67.0% 0.35 9
PT-BRIGHT MORO 76 8 68 169 0 0.0% 3 1.8% 49 29.0% 117 69.2% 0.33 10
PT - EVEN 552 101 451 842 0 0.0% 14 1.7% 232 27.6% 596 70.8% 0.31 11
PT - AFC 468 48 420 863 0 0.0% 6 0.7% 244 28.3% 613 71.0% 0.30 12
PT - PAC ARUSHA 164 10 154 403 0 0.0% 1 0.2% 115 28.5% 287 71.2% 0.29 13
PT - ACG 35 8 27 32 0 0.0% 0 0.0% 3 9.4% 29 90.6% 0.09 14
Subtotals 3192 314 2878 6546 2 0.0% 136 2.1% 2271 34.7% 4137 63.2%
RANKING
1ST - PT Covenant F. C.
2ND - PT MMK DODOMA
3RD - PT PTC- MWANZA
Key:
126
TABLE 11.4 (a)
1-20 CANDIDATES - FINAL LEVEL
No of
PT - APT 1 0 1 1 0 0.0% 0 0.0% 1 100.0% 0 0.0% 1.00 1
PT - FANI 1 0 1 1 0 0.0% 0 0.0% 1 100.0% 0 0.0% 1.00 1
PT - RUTER 2 0 2 3 0 0.0% 0 0.0% 2 66.7% 1 33.3% 0.67 3
PT - PERFECT- FUTURE 2 0 2 2 0 0.0% 0 0.0% 1 50.0% 1 50.0% 0.50 4
PT - PERFECT- SONGEA 5 1 4 5 0 0.0% 0 0.0% 2 40.0% 3 60.0% 0.40 5
PT - WETA 4 0 4 5 0 0.0% 0 0.0% 2 40.0% 3 60.0% 0.40 5
PT - BHC 4 0 4 6 0 0.0% 0 0.0% 2 33.3% 4 66.7% 0.33 7
PT - PYTHAGORAS F.C 10 0 10 21 0 0.0% 1 4.8% 5 23.8% 15 71.4% 0.33 7
PT - ZIBCO 12 0 12 18 0 0.0% 0 0.0% 6 33.3% 12 66.7% 0.33 7
PT - PTC MWANZA 10 2 8 19 0 0.0% 0 0.0% 6 31.6% 13 68.4% 0.32 10
PT - WAME MWANZA 7 0 7 19 0 0.0% 0 0.0% 5 26.3% 14 73.7% 0.26 11
PT - IDIANA CONSULT. 7 1 6 12 0 0.0% 0 0.0% 3 25.0% 9 75.0% 0.25 12
PT - BETA 10 1 9 16 0 0.0% 0 0.0% 2 12.5% 14 87.5% 0.13 13
PT - UPTAKE 10 2 8 11 0 0.0% 0 0.0% 1 9.1% 10 90.9% 0.09 14
PT- ZENJI 13 2 11 25 0 0.0% 0 0.0% 2 8.0% 23 92.0% 0.08 15
PT - WADE ARUSHA 8 0 8 14 0 0.0% 0 0.0% 1 7.1% 13 92.9% 0.07 16
PT - NAO 17 1 16 32 0 0.0% 0 0.0% 2 6.3% 30 93.8% 0.06 17
PT - B & P 1 0 1 1 0 0.0% 0 0.0% 0 0.0% 1 100.0% 0.00 18
PT - CCA 2 0 2 3 0 0.0% 0 0.0% 0 0.0% 3 100.0% 0.00 18
PT - KAS 2 0 2 2 0 0.0% 0 0.0% 0 0.0% 2 100.0% 0.00 18
Subtotals 128 10 118 216 0 0.0% 1 0.5% 44 20.4% 171 79.2%
RANKING
1ST - PT APT & PT FANI
3RD - PT RUTER
Key:
127
TABLE 11.5 (b)

ABOVE 20 CANDIDATES - FINAL LEVEL
No of
PT - EXCEL MOSHI 62 4 58 127 0 0.0% 4 3.1% 62 48.8% 61 48.0% 0.55 1
PT - COVENANT F.C 659 33 626 1274 0 0.0% 54 4.2% 562 44.1% 658 51.6% 0.53 2
PT - TCCG 33 6 27 60 0 0.0% 1 1.7% 28 46.7% 31 51.7% 0.50 3
PT - CORNERSTONE 105 9 96 168 0 0.0% 5 3.0% 65 38.7% 98 58.3% 0.45 4
PT- FILADEFIA F.C 31 4 27 44 0 0.0% 3 6.8% 10 22.7% 31 70.5% 0.36 5
PT - ATTITUDE 116 4 112 219 0 0.0% 3 1.4% 69 31.5% 147 67.1% 0.34 6
PT - AFC 288 16 272 499 0 0.0% 6 1.2% 151 30.3% 342 68.5% 0.33 7
PT- PAC ARUSHA 78 1 77 169 0 0.0% 1 0.6% 52 30.8% 116 68.6% 0.32 8
PT- INSPIRE 21 0 21 41 0 0.0% 1 2.4% 11 26.8% 29 70.7% 0.32 9
PT- MMK DODOMA 29 1 28 50 0 0.0% 0 0.0% 15 30.0% 35 70.0% 0.30 10
PT - EVIN 474 29 445 817 0 0.0% 3 0.4% 222 27.2% 592 72.5% 0.28 11
PT - ACG 32 0 32 82 0 0.0% 0 0.0% 18 22.0% 64 78.0% 0.22 12
PT - BRIGHT MORO 37 4 33 64 0 0.0% 1 1.6% 9 14.1% 54 84.4% 0.17 13
Subtotals 1965 111 1854 3614 0 0.0% 82 2.3% 1274 35.3% 2258 62.5%
RANKING
1ST - PT EXCEL MOSHI

2ND - PT COVENANT F. C.
3RD - PT TCCG
Key:
128
CHAPTER V
ACCOUNTING MANPOWER CREATED BY THE BOARD UP TO MAY 2016
In an effort to meet the demand of the highly needed accounting personnel in the country,
the Board has been able to create cumulatively 21,072 accounting manpower since its
inception in May 1975.
These qualified accounting personnel created are categorized in the following groups:
(1) Certified Public Accountants (CPA) 7,171

(2) National Accountancy Diploma (NAD)
(Phased out in November 1991) 1,537
(3) National Book-keeping Certificate (NABOCE)
(phased out in May 1991) 5,746
(4) Basic Book-keeping Certificate (BBC)
(phased out in November 1990) 2,971
(5) Accounting Technician Certificate (ATEC) 3,647
Table 12 below shows the statistics of graduates per session and cumulatively since May
1975 to November 2013
NBAA GRADUATES – CUMULATIVE STATISTICAL ANALYSIS

MAY 1975 –MAY 2015
TABLE 12
EXAMINATION BBC NABOCE ATEC NAD CPA TOTAL
SESSION NO. CUM. NO. CUM. NO. CUM. NO. CUM. NO. CUM. NO. CUM.
1ST SESSION - - 04 04 - - 01 01 NE NE 05 05
MAY 1975
2ND SESSION - - 32 36 - - 10 11 NE NE 42 47
NOV. 1975
3RD SESSION - - 158 194 - - 25 36 02 02 185 232
MAY 1976
4TH SESSION - - 73 267 - - 43 79 02 04 118 350
NOV. 1976
5TH SESSION - - 174 441 - - 36 115 08 12 218 568
MAY 1977
6TH SESSION - - 98 539 - - 17 132 03 15 118 686
NOV. 1977
7TH SESSION - - 193 732 - - 57 189 13 28 263 949
MAY 1978
8TH SESSION - - 172 904 - - 56 245 11 39 239 1188
NOV. 1978
9TH SESSION - - 199 1103 - - 46 291 27 66 272 1460
MAY 1979
10TH SESSION - - 75 1178 - - 31 322 13 79 119 1579
129
NOV. 1979
11TH SESSION - - 123 1301 - - 22 344 22 101 167 1746
MAY 1980
12TH SESSION - - 119 1420 - - 24 368 20 121 163 1909
NOV. 1980
13TH SESSION - - 229 1649 - - 53 421 13 134 295 2204
MAY 1981
14TH SESSION - - 124 1772 - - 23 444 21 155 168 2372
NOV. 1981
15TH SESSION - - 172 1945 - - 37 481 19 174 228 2600
MAY 1982
16TH SESSION - - 236 2181 - - 36 517 20 194 292 2892
NOV. 1982
17TH SESSION - - 248 2429 - - 47 564 21 215 316 3208
MAY 1983
18TH SESSION - - 200 2629 - - 28 592 14 220 242 3450
NOV. 1983
19TH SESSION - - 199 2828 - - 36 628 17 246 252 3702
MAY 1984
20TH SESSION - - 215 3043 - - 37 665 12 258 264 3966
NOV. 1984
21ST SESSION 18 18 306 3349 - - 41 706 12 270 377 4343
MAY 1985
22ND SESSION 40 58 194 3543 - - 44 750 09 279 287 4630
NOV. 1985
23RD SESSION 62 120 123 3666 - - 54 804 21 300 260 4890
MAY 1986
24TH SESSION 86 206 168 3834 - - 48 852 11 311 313 5203
NOV. 1986
25TH SESSION 64 270 205 4039 - - 25 877 06 317 300 5503
MAY 1987
26TH SESSION 93 363 129 4168 - - 40 917 14 331 276 5779
NOV. 1987
27TH SESSION 298 661 175 4343 - - 32 949 14 345 519 6298
MAY 1988
28TH SESSION 292 953 179 4522 - - 72 1021 22 367 565 6863
NOV. 1988
29TH SESSION 332 1285 201 4723 - - 40 1061 16 377 589 7452
MAY 1989
30TH SESSION 446 1731 232 4955 - - 78 1139 31 414 787 8239
NOV. 1989
31ST SESSION 482 2213 235 5190 - - 118 1257 17 431 852 9091
MAY 1990
32ND SESSION 758 2971 211 5401 - - 114 1371 40 471 112 10214
NOV. 1990 3
33RD SESSION - 2971 345 5746 - - 111 1482 61 532 517 10731
MAY 1991
34TH SESSION - 2971 - 5746 56 56 55 1537 64 596 175 10906
NOV. 1991
35TH SESSION - 2971 - 5746 136 192 - 1537 - 596 136 11042
MAY 1992
36TH SESSION - 2971 - 5746 186 378 - 1537 11 607 197 11,239
130
NOV. 1992
37TH SESSION - 2971 - 5746 119 497 - 1537 12 619 131 11,370
MAY 1993
38TH SESSION - 2971 - 5746 104 601 - 1537 12 631 116 11,486
NOV. 1993
39TH SESSION - 2971 - 5746 110 711 - 1537 16 647 126 11,612
MAY 1994
40TH SESSION - 2971 - 5746 207 918 - 1537 19 666 226 11,838
NOV. 1994
41ST SESSION - 2971 - 5746 122 1040 - 1537 28 694 150 11,988
MAY 1995
42ND SESSION - 2971 - 5746 117 1157 - 1537 29 723 146 12,134
NOV. 1995
43RD SESSION - 2971 - 5746 87 1244 - 1537 36 759 123 12,257
MAY 1996
44TH SESSION - 2971 - 5746 111 1355 - 1537 53 812 164 12,421
NOV. 1996
45TH SESSION - 2971 - 5746 109 1464 - 1537 28 840 137 12,558
MAY 1997
46TH SESSION - 2971 - 5746 107 1571 - 1537 40 880 147 12,705
NOV. 1997
47TH SESSION - 2971 - 5746 124 1695 - 1537 40 920 164 12,869
MAY 1998
48TH SESSION - 2971 - 5746 60 1755 - 1537 29 949 89 12,958
NOV. 1998
49TH SESSION - 2971 - 5746 80 1835 - 1537 52 1001 132 13,090
MAY 1999
50TH SESSION - 2971 - 5746 80 1915 - 1537 47 1048 127 13,217
NOV. 1999
51ST SESSION - 2971 - 5746 104 2019 - 1537 42 1090 146 13,363
MAY 2000
52ND SESSION - 2971 - 5746 91 2110 - 1537 71 1161 162 13,525
NOV.2000
53RD SESSION - 2971 - 5746 45 2155 - 1537 77 1238 122 13,647
MAY,2001
54TH SESSION - 2971 - 5746 64 2219 - 1537 33 1271 97 13,744
NOV. 2001
55TH SESSION - 2971 - 5746 41 2260 - 1537 28 1299 69 13,813
MAY 2002
56TH SESSION - 2971 - 5746 42 2302 - 1537 53 1352 95 13,908
Nov. 2002
57TH SESSION - 2971 - 5746 55 2357 - 1537 49 1401 104 14,012
MAY 2003
58th SESSION - 2971 - 5746 58 2415 - 1537 55 1456 113 14,125
NOV. 2003
59th SESSION - 2971 - 5746 85 2500 - 1537 165 1621 250 14,375
MAY 2004
60TH SESSION - 2971 - 5746 113 2613 - 1537 134 1755 247 14,622
NOV. 2004
61ST SESSION - 2971 - 5746 65 2678 - 1537 142 1897 207 14,829
MAY 2005
62ND SESSION - 2971 - 5746 75 2753 - 1537 131 2028 206 15,035
NOV. 2005
131
63RD SESSION - 2971 - 5746 62 2815 - 1537 92 2120 154 15,189
MAY 2006
64TH SESSION - 2971 - 5746 35 2850 - 1537 83 2203 118 15,307
NOV. 2006
65TH SESSION - 2971 - 5746 102 2952 - 1537 97 2300 199 15,506
MAY 2007
66TH SESSION - 2971 - 5746 61 3013 - 1537 177 2477 238 15,744
NOV. 2007
67TH SESSION - 2971 - 5746 21 3034 - 1537 184 2661 205 15,949
MAY 2008
68TH SESSION - 2971 - 5746 49 3083 - 1537 97 2758 146 16,095
NOV. 2008
69TH SESSION - 2971 - 5746 45 3128 - 1537 179 2937 224 16,319
MAY 2009
70TH SESSION - 2971 - 5746 61 3189 - 1537 146 3083 207 16,525
NOV. 2009
71ST SESSION - 2971 - 5746 32 3221 - 1537 164 3247 196 16,722
MAY 2010
72ND SESSION
NOV. 2010 - 2971 - 5746 33 3254 - 1537 176 3423 209 16,931
73RD SESSION - 2971 - 5746 29 3283 - 1537 185 3608 214 17,145
MAY 2011
74TH SESSION - 2971 - 5746 31 3314 - 1537 268 3876 299 17,444
NOV. 2011
75th SESSION - 2971 - 5746 35 3349 - 1537 259 4135 294 17,738
MAY 2012
76th SESSION - 2971 - 5746 23 3372 - 1537 188 4323 211 17,949
NOV. 2012
77th SESSION - 2971 - 5746 26 3398 - 1537 468 4791 494 18,443
MAY 2013
78th SESSION - 2971 - 5746 36 3434 - 1537 377 5,168 413 18,856
NOV. 2013
79th SESSION - 2971 - 5746 46 3480 - 1537 478 5,646 524 19,380
MAY 2014
80th SESSION - 2971 - 5746 43 3523 - 1537 369 6,015 412 19,792
NOV. 2014
81st SESSION - 2971 - 5746 42 3565 - 1537 600 6,615 642 20,434
MAY 2015
1st Mid-SESSION - 2971 - 5746 - 3565 - 1537 03 6,618 03 20,437
AUGUST 2015
82nd SESSION - 2971 - 5746 42 3607 - 1537 270 6,888 312 20,749
NOVEMBER
2015
2ND MID- - 2971 - 5746 - 3607 - 1537 01 6,889 01 20,750
SESSION
FEBRUARY
2016
83rd SESSION - 2971 - 5746 40 3647 - 1537 282 7,171 322 21,072
MAY 2016
132
Table 13 below shows the statistics of CPA (T) equivalent graduates per session and
cumulatively since May 2015 to May 2016.
TABLE 13: CPA (T) EQUIVALENT CERTIFICATES FROM MAY 2015 – MAY
2016
EXAMINATION TOTAL
SESSION NO. CUM.
80TH SESSION NOVEMBER 2014 01 01
81ST SESSION MAY 2015 08 09
1ST MID-SESSION AUGUST 2015 04 13
82ND NOVEMBER 2015 03 16
2ND MID-SESSION FEBRUARY 2016 08 24
83RD SESSION MAY 2016 10 34
133
CHAPTER VI
CANDIDATES WINNING THE SPECIAL PRIZES – MAY 2016 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.
Exam Paper Amounts

Codes Tshs.
Accounting Technician Levels I & II T01 – T08 50,000
Foundation Level A1 – A5 60,000
Intermediate Level B1 – B6 80,000
Final Level C1 – C4 100,000
1.2.2 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.
Exam Paper Amounts

Codes Tshs.
Accounting Technician Levels I & II T01 – T08 40,000
Final Level C1 – C4 70,000
134
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.
Exam Paper Amounts

Codes Tshs.
Accounting Technician Level I T01 – T04 50,000
Accounting Technician Level II T05 – T08 50,000
Final Stage Level 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).
Exam Paper Amounts
Codes Tshs.
Best ATEC Female Graduate Prize Award T05 – T08 250,000
Best CPA (T) Female Graduate Prize Award C1 – C4 500,000
1.3 Prizes won by Candidates:

1.3.1 NBAA Best Level Performance Prize:
Code and Subject Name Name Index No. Amount
Tshs.
Accounting Technician Level JAMES, JERLINE 1027538 50,000/=
I
Accounting Technician Level GEORGE, GIDEON 2027484 50,000/=
II
Foundation Level SONELO, ERASTO 3025227 60,000/=
Intermediate Level SOMBOI EMMANUEL 4027414 80,000/=
Final Level RICHARD, GLADY’S 5026445 100,000/=
135
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

Tshs.
T.01 - Bookkeeping and KIHIYO, DISMAS L. 1027802 40,000/=
Accounts
T.02 - Elements of Business JAMES, JERLINE 1027538 40,000/=
Maths and Statistics
T.03 - Introduction to KIHIYO, DISMAS L. 1027802 40,000/=

Information and
Communication
Technology
T.04 - Business Communication KIMBALI, JOHN P. 1027539 40,000/=
Skills
Accounting Technician Level II

Tshs.
T.05 - Principles of Accounting BUCHEYE, JONAS 2027807 40,000/=
and Auditing
T.06 – Principles of Cost GEORGE, GIDEON 2027484* 20,000/=

Accounting and
Procurement RUKOKERWA, DICKSON E. 2026281* 20,000/=
T.07 – Elements of Commercial RAMADHAN, BAKARI 2027485* 20,000/=

Knowledge,
Management UBWE, SHANNA N. 2027502* 20,000/=
Practices and Taxation
T.08 – Accounting for Public LUSUBILO, DANIEL 2027483 40,000/=

Sector and Cooperatives
136
FOUNDATION LEVEL
Tshs.
A1 – Quantitative Techniques SONELO, ERASTO 3025227 50,000/=
A2 - Business and Management SONELO, ERASTO 3025227 50,000/=
A3 – Accounting SONELO, ERASTO 3025227 50,000/=

A4 - Business Information JAMES, EUTROPIA N. 3024638* 25,000/=
SONELO ERASTO 3025227* 25,000/=

A5 - Business Law SAMSON, ABESTER B. 3027007 50,000/=
INTERMEDIATE LEVEL
Tshs.
B1 - Financial Management BYEMERWA, KENNETH 4026805* 20,000/=
MASKINI, OLIMPIA P. 4026853* 20,000/=
SOMBOI,EMMANUEL E. 4027414* 20,000/=
B2 - Financial Accounting SOMBOI,EMMANUEL E. 4027414 60,000/=
B3 - Auditing Principles and PASCHAL, EDSON 4026975 60,000/=

Practice
B4 - Public Finance and No Candidate qualified for 60,000/=
Taxation I the award
B5 - Performance Management MWAKAJE, FAHAD A. 4027221 60,000/=
B6 - Management, Governance PASCHAL, EDSON 4026975 60,000/=

and Ethics
137
FINAL LEVEL
Tshs.
C1- Corporate Reporting DOMINICK, AGNESS 5026713 70,000/=
C2 - Auditing and Assurance NYAISARA, EZEKIEL K. 5025111 70,000/=
C3- Business and Corporate DAMAS, LEONARD 5026679 70,000/=

Finance
C4 - Public Finance and RICHARD, GLADY’S 5026445 70,000/=
Taxation II
1.3.3 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 shall
be 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 Index Amount

No. Tshs.
Accounting Technician Level I ALWANI, AAMNA A. 1027537 50,000/=
Accounting Technician Level No candidate qualified for the 50,000/=

II prize
Foundation Level No candidate qualified for the 60,000/=
prize
Intermediate Level No candidate qualified for the 80,000/=
prize
Final Level RICHARD, GLADY’S 5026445 100,000/=
138
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 award:
Level Name Index No. Amount

Tshs.
ATEC GRADUATE No candidates qualified for the 250,000/=
prize
CPA (T) RICHARD, GLADY’S 5026445 500,000/=
GRADUATE
139
2.0 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 PricewaterhouseCoopers: Auditing and Assurance (C2) Tshs.600,000
Prize
2.1.2 PricewaterhouseCoopers: Best CPA (T) Graduate Prize Tshs.1,000,000
2.1.3 Best Female CPA (T) Graduate Ths.500,000
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 Tshs.400,000

(C4) 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
&
3rd TIB: Business and Corporate Finance (C3) Prize
Tshs.200,000
2.10 Dar es Salaam Stock Exchange: Business and Corporate Tshs.150,000

Finance (C3) Prize
2.11 Deloitte &Touche: Auditing and Assurance (C2) Prize Tshs.500,000
2.12 Capital Markets and Securities Authority: Best Financial Tshs.100,000

Management (B1) Prize
2.13 KPMG: Best CPA (T) Graduate Prize US$ 100
2.14 Accountant General’s Office Prize Awards:
140
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
AdviserPrize Awards:
2.15.1 NEXIA SJ Tanzania Accountants & Business Adviser: Best Offer of
Public Finance and Taxation II (C4) Prize Employment
2.15.2 NEXIA SJ Tanzania Accountants & Business Adviser: Best Offer of
Performance Management (B5) Prize Employment
2.16 Innovex Prize Awards:
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 Prize Awards
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 Awards
2.19.1 Best CPA(T) Female Graduates Prize Tshs.100,000
2.19.2 Best ATEC Female Graduates Prize Tshs.50,000
2.20 TAA Best Candidates’ Prizes
2.20.1 TAA Best Two ATEC Candidates Prizes Tshs.100,000
141
2.20.2 TAA Best Two CPA (T) Candidates Prizes Tshs.200,000
2.21 RSM Ashvir: Best CPA (T) Graduate Prize Tshs.500,000 &
Employment
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 Index No. Amount
PWC: AUDITING AND NYAISARA, EZEKIEL K. 5025111 600,000/=
ASSURANCE (C2) PRIZE
PWC BEST CPA (T) RICHARD, GLADY’S 5026445 1,000,000/=
GRADUATE PRIZE
2. TANNA SREEKUMAR & CO. PRIZES

TANNA SREEKUMAR RICHARD, GLADY’S 5026445 400,000/=
BEST CPA (T) GRADUATE
PRIZE
3. STANBIC TANZANIA LIMITED PRIZES

STANBIC TANZANIA RICHARD, GLADY’S 5026445 US$100
LIMITED BEST CPA [T]
GRADUATE PRIZE
4. TAC ASSOCIATES PRIZES

TAC ASSOCIATES: NYAISARA, EZEKIEL K. 5025111 200,000/=
AUDITING AND
5. KHATRI AND COMPANY PRIZES

KHATRI AND COMPANY DOMINICK, AGNESS 5026713 200,000/=
FINANCIAL: CORPORATE
REPORTING (C1)
142
6. ERNST & YOUNG PRIZES
ERNST & YOUNG: NYAISARA, EZEKIEL K. 5025111 310,000/=
AUDITING AND
7. IPP BEST CPA (T) GRADUATE PRIZES

IPP BEST CPA (T) RICHARD, GLADY’S 5026445 200,000/=
GRADUATE PRIZE
8. TAXPLAN ASSOCIATES PRIZES

TAXPLAN ASSOCIATES: RICHARD, GLADY’S 5026445 400,000/=
PUBLIC FINANCE AND
TAXATION II (C4) PRIZE
9. TANZANIA INVESTMENT BANK PRIZES

TIB: BUSINESS AND DAMAS, LEONARD 5026679 500,000/=
CORPORATE FINANCE
(C3) PRIZE No candidate qualified for the prize 350,000/=
No candidate qualified for the prize 200,000/=
10. DAR ES SALAAM STOCK EXCHANGE PRIZES

DSE: BUSINESS AND DAMAS, LEONARD 5026679 150,000/=
CORPORATE FINANCE
(C3) PRIZE
11. DELOITTE & TOUCHE PRIZES

DELOITTE & TOUCHE: NYAISARA, EZEKIEL K. 5025111 500,000/=
AUDITING AND
12. CAPITAL MARKETS AND SECURITIES AUTHORITY PRIZES

CMSA: BEST FINANCIAL BYEMERWA, KENNETH 4026805* 33,333.3
MANAGEMENT (B1)
PRIZE MASKINI, OLIMPIA P. 4026853* 33,333.3
SOMBOI, EMMANUEL E. 4027414* 33,333.3
143
13. KPMG PRIZES
KPMG: BEST CPA (T) RICHARD, GLADY’S 5026445 US$100
GRADUATE PRIZE
14. ACCOUNTANT GENERAL’S OFFICE PRIZES

The Office of the Accountant General offers special prize awards to candidates
with excellent performance in the Board’s examinations. The awards worth
Tshs.2,440,000 are offered in each examination session.
The conditions of 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 May 2016 examinations are as shown below:

AG’S: BEST CPA [T] RICHARD, GLADY’S 5026445 800,000/=
GRADUATE PRIZE
AG’S: AUDITING AND NYAISARA, EZEKIEL K. 5025111 500,000/=

AG’S: BEST
PERFORMANCE MWAKAJE, FAHAD 4027221 500,000/=
MANAGEMENT (B5)
PRIZE
ACGEN’S BEST CORE SUBJECT PERFORMANCE PRIZES

ACCOUNTING (A3) PRIZE
BUSINESS INFORMATION SONELO ERASTO 3025227* 15,000/=
(A4) PRIZE
JAMES, EUTROPIA N 3024638* 15,000/=
FINANCIAL BYEMERWA, KENNETH 4066805* 16,666/=
MANAGEMENT (B1)
PRIZE MASKINI, OLIMPIA P. 4026853* 16,666/=
SOMBOI, EMMANUEL 4027414* 16,666/=

FINANCIAL SOMBOI, EMMANUEL.E 4027414 50,000/=
ACCOUNTING (B2) PRIZE
144
AUDITING PRINCIPLES PASCHAL, EDSON 4026975 50,000/=
AND PRACTICE (B3)
PRIZE
CORPORATE REPORTING DOMINICK, AGNESS 5026713 100,000/=
(C1) PRIZE
BUSINESS AND DAMAS, LEONARD 5026679 100,000/=
CORPORATE FINANCE
(C3) PRIZE
PUBLIC FINANCE AND RICHARD, GLADY’S 5026445 100,000/=
TAXATION II (C4) PRIZE
15. NEXIA SJ TANZANIA ACCOUNTANTS & BUSINESS ADVISERS

PRIZES:

NEXIA SJ TANZANIA RICHARD, GLADY’S 5026445 Employment
ACCOUNTANTS & BUSINESS
ADVISER:PUBLIC FINANCE
AND TAXATION II (C4) PRIZE
NEXIA SJ TANZANIA MWAKAJE, FAHAD A. 4027221 Employment
ACCOUNTANTS & BUSINESS
ADVISER:Best Performance
Management (B5) Prize
16. INNOVEX PRIZES

INNOVEX BEST CPA (T) RICHARD, GLADY’S 5026445 150,000/=
GRADUATE PRIZE
INNOVEX BEST CPA (T) RICHARD, GLADY’S 5026445 150,000/=

FEMALE GRADUATE PRIZE
17. CONTROLLER AND AUDITOR GENERAL PRIZES

CAG: AUDITING AND NYAISARA, EZEKIEL K. 5025111 300,000/=
CAG: BEST CPA (T) RICHARD, GLADY’S 5026445 150,000/=

GRADUATE PRIZE
145
18. PEOPLE’S BANK OF ZANZIBAR PRIZE
PBZ: BEST CPA (T) RICHARD, GLADY’S 5026445 500,000/=
GRADUATE PRIZE
19. BM ASSOCIATES PRIZES

BM ASSOCIATES: BEST CPA RICHARD, GLADY’S 5026445 100,000/=
(T) FEMALE GRADUATE
PRIZE
BM ASSOCIATES: BEST ATEC No candidate qualified for 50,000/=
FEMALE GRADUATE PRIZE the prize
20. TANZANIA ASSOCIATION OF ACCOUNTANTS PRIZES

TAA: BEST ATEC II GEORGE, GIDEON 2027484 50,000/=
CANDIDATE PRIZE
TAA: BEST CPA (T) RICHARD, GLADY’S 5026445 100,000/=
CANDIDATE PRIZE
21. RSM ASHVIR PRIZES

RSM ASHVIR: BEST CPA RICHARD, GLADY’S 5026445 500,000/= &
(T) Employment
GRADUATE PRIZE
22. CORNERSTONE FINANCIAL CONSULTANTS PRIZES

CORNERSTONE: OVERALL GEORGE, GIDEON 2027484 100,000/=
BEST CANDIDATE IN ATEC
II LEVEL PRIZE
CORNERSTONE:OVERALL SONELO, ERASTO 3025227 100,000/=
BEST CANDIDATE IN
FOUNDATION LEVEL
PRIZE
CORNERSTONE :OVERALL RICHARD, GLADY’S 5026445 100,000/=
BEST CPA (T) CANDIDATES
PRIZES
___________p_________
146

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(NBAA)

THE NATIONAL BOARD OF ACCOUNTANTS AND AUDITORS

EXAMINERS’ AND PERFORMANCE REPORT

83RD EXAMINATION SESSION – MAY 2016

NBAA, Telephones: (022) 2211890/9

30TH JUNE 2016

Executive Summary of 83rd Examination session (v)

CHAPTER 1 Analysis of Candidates’ Performance in the 83rd Examination 1

CHAPTER II Performance Evaluation Subject-Wise …………………..................... 4

CHAPTER III Examiners’ Recommendations to Tutors & Students ………………... 105

CHAPTER IV Institutional Performance Evaluation ………………………………... 113

CHAPTER V Accounting Manpower Created by the Board up to May 2016 129

Accounting Technician Level II

In total the Professional Examination Scheme has 15 subjects as shown hereunder:

Intermediate (Skills and Analysis in Context Level)

Final (Professional Analysis, Application and Evaluation Level)

Dar Es Salaam Centres

OBJECTIVES OF THE REPORT

CPA Pius A. Maneno

EXAMINATIO CANDIDATES CANDIDATES % CANDIDATES %

Foundation 484 39 8.1 445 91.9

2.1 Candidature Exam Sitting

ATEC ATEC FOUNDATION INTERMEDIATE FINAL

79h Session May, 2014 83 161 68 85 174 90 2,109 1625 4,395

The Chart below shows the candidature distribution

FINAL, 2,289, 35% FOUNDATION,

Subject Number of entries

Passes Partial Passes Failures Total

ANALYSIS OF CANDIDATES’ PERFORMANCE IN THE

OVERALL CANDIDATES' PERFORMANCE

ACCOUNTING TECHNICIAN CERTIFICATE (ATEC) - LEVEL I

ACCOUNTING TECHNICIAN CERTIFICATE (ATEC) - LEVEL II

CANDIDATES QUALIFYING FOR THE PROFESSIONAL CERTIFICATE OF

GENERAL STATISTICAL ANALYSIS OF EXAMINATION RESULTS

EXAMINATION ATEC I ATEC II FOUNDATION INTERMEDIATE FINAL TOTAL

NO. % NO. % NO % NO. % NO % NO. %

FAILURES 44 40 58 36.3 41 9.2 1994 57.1 1281 56.0 3418 52.6

ACCOUNTING TECHNICIAN LEVEL I

T.01 Bookkeeping and Accounts 72 51 70.8 55 37 67.2

T.01 - BOOK-KEEPING AND ACCOUNTS

I: PRINCIPAL LEARNING OUTCOME

III: TOPICS EXAMINED AND CANDIDATES’ PERFORMANCE

QUESTION 2: A. INTRODUCTION TO BOOKEEPING AND ACCOUNTING

Candidates were required to:

(b) Candidates’ overall performance

Classification of Marks 0-49 50-69 70-79 80-100 TOTAL

May 2015 May 2016 % decrease

QUESTION 1: MULTIPLECHOICE – VARIOUS TOPICS

Candidates were required to:-

IV: GENERAL OBSERVATIONS

The candidates’ over-all performance in the subject is as shown on table

Classification of Marks 0-49 50-69 70-79 80-100 TOTAL

Majority of the candidates could not distinguish how intranets and

(a) Assessment of the paper

Classification of Marks 0-49 50-69 70-79 80-100 TOTAL

T.03 COMPARISON OF PASS RATE WITH MAY 2015 EXAMINATIONS

MAY 2015 May 2016 % decrease

Most candidates failed to use original sentences from the passage to

(b) Candidates’ overall performance

Candidates’ performance in this examination paper was satisfactory. Out

T.05 CANDIDATES’ PERFORMANCE ANALYSIS

37 38.1 50 39.7 14.9

Candidates were required to: