THE PUBLIC ACCOUNTANTS EXAMINATIONS BOARD
of the
INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS OF UGANDA
RELEASE OF NOVEMBER 2018 EXAMINATIONS RESULTS THURSDAY, 3 JANUARY, 2019
IMPERIAL ROYALE HOTEL, KAMPALA
The President,
The Vice President, Members of Council, Members of PAEB,
Staff of the Secretariat, Members of the Press Ladies and Gentlemen.
1.0 INTRODUCTION
On behalf of the Public Accountants Examinations Board (PAEB) and on my own behalf, I welcome you to the release of the November 2018 examinations results. I also take this opportunity to wish you a happy new year.
In a special way, I welcome our comrades from the various media houses. You are our link to the general public. We also appreciate our cordial relationship with you. I thank you so much for always honouring our invitations to cover our functions.
EXAMINATIONS RESULTS
As you are aware the Institute conducts 3 examinations diets in June, August and December for the Accounting Technicians Diploma (ATD), Certified Public Accountants (CPA), and Certified Tax Advisor (CTA) courses. We are
here this morning to release the results for the December 2018 examinations diet, which were administered between 26 and 30 November, 2018 at all our examinations centres in Arua, Fort Portal, Gulu, Kampala, Mbale, Mbarara, Mbale and Nkozi. This time round 6,202 candidates attempted the examinations compared to 6,139 candidates who sat for the June, 2018 examinations.
ACCOUNTING TECHNICIANS DIPLOMA (ATD) EXAMINATIONS
A total of 247 candidates sat for the December 2018 examinations compared to 271 who sat in June 2018. The average pass rate was 49.4% compared to 44.4% in June 2018.
Performance in the individual subjects is given as follows:
| November 2018 | June 2018 | ||||||
|---|---|---|---|---|---|---|---|
| No. of candidates | pass | No. of candidates | Pass | ||||
| Subjects | No. | % | No: | % | |||
| 1 | Business Accounting | 65 | 28 | 43.1 |
63 |
15 |
23.8 |
| 2 | Business Communication | 39 | 33 | 84.6 | 35 | 23 | 65.7 |
| 3 | Business Mathematics & Statistics | 55 | 15 | 27.3 | 54 | 13 | 24.1 |
| 4 | Principles of Law | 41 | 19 | 46.3 | 57 | 34 | 59.6 |
| 5 | Economics | 36 | 23 | 63.9 | 37 | 28 | 75.7 |
| 6 | Introduction to Management Accounting | 84 | 36 | 42.9 | 100 | 15 | 15.0 |
| 7 | Law of Business Associations | 40 | 16 | 40.0 | 57 | 29 | 50.9 |
| 8 | Information Systems | 24 | 21 | 87.5 | 44 | 32 | 72.7 |
| 9 | Business Management | 39 | 20 | 51.3 | 36 | 12 | 33.3 |
| 10 | Financial Accounting | 35 | 21 | 60.0 | 42 | 23 | 54.8 |
| 11 | Principles of Taxation | 41 | 12 | 29.3 | 56 | 29 | 51.8 |
| 12 | Entrepreneurship | 28 | 22 | 78.6 | 34 | 28 | 82.4 |
| 13 | Principles of Auditing | 58 | 23 | 39.7 | 52 | 15 | 28.8 |
| 585 | 289 | 49.4 | 667 | 296 | 44.4 | ||
In terms of gender, 56.7% of those who passed were female and 43.3% were male. In addition, 57.1% of those candidates who passed made it on their first attempt. We wish to encourage these candidates to keep working hard so that they can complete the course in the shortest time possible. In terms of age, 69% of those who passed were in the age bracket of 18-24 years, followed by 25-29 at 21%. These are dynamic young people with a lot of energy in them to serve the nation in different capacities. We congratulate them for their efforts. The top candidates, per subject, are given in the following table:
|
Subject |
Reg. No. |
First Name |
Surname |
|
ATD-1-Business Accounting |
AT/04581 |
Aidha |
Nakiwate |
|
ATD-2-Business Communication |
AT/04737 |
Emmanuel |
Sempa |
|
ATD-3-Business Mathematics & Statistics |
AT/04758 |
Devotah |
Kangabe |
|
ATD-4-Principles of Law |
AT/04764 |
Yvette |
Kababiito |
|
ATD-5-Economics |
AT/04750 |
James |
Ambayo |
|
ATD-6-Introduction to Management Accounting |
AT/04604 |
Juliet |
Ajambo |
|
ATD-7-Law of Business Associations |
AT/04581 |
Aidha |
Nakiwate |
|
ATD-8-Information Systems |
AT/04686 |
Michael |
Kayongo |
|
ATD-9-Business Management |
AT/04545 |
Ruth Sharlotte |
Nabaziiwa |
|
ATD-10-Financial Accounting |
AT/04518 |
Susan |
Ibukut |
|
ATD-11-Principles of Taxation |
AT/04675 |
Dasan |
Malime |
|
ATD-12-Entrepreneurship |
AT/04579 |
Prize |
Asiimwe |
|
ATD-13-Principles of Auditing |
AT/04565 |
Elijah |
Okara |
22 candidates completed the ATD course compared to 19 in June 2018.
Of the 22 candidates, 14 (64%) were female and 8 (36%) were male. The list of finalists is attached (see Appendix 1).
This brings the number of students who have completed the ATD course to 1,730.
CERTIFIED TAX ADVISOR (CTA) EXAMINATIONS
102 candidates sat for the December 2018 examinations compared to 101 who sat in June 2018.
Performance in the individual subjects is given as follows:
| November 2018 | June 2018 | ||||||
|---|---|---|---|---|---|---|---|
| No. of candidates | pass | No. of candidates | Pass | ||||
| Subjects | No. | % | No: | % | |||
| 1 | Principles of Accounting |
14 |
11 |
78.6 |
9 |
4 |
44.4 |
| 2 | Business Law | 3 | 2 | 66.7 | 5 | 3 | 60.0 |
| 3 | Principles of Taxation | 5 | 3 | 60.0 | 4 | 4 | 100.0 |
| 4 | Managerial Economics & Public Finance | 10 | 10 | 100.0 | 4 | 4 | 100.0 |
| 5 | Business Accounting | ||||||
| 6 | Value Added Tax | 56 | 23 | 41.1 | 52 | 8 | 15.4 |
| 7 | Customs & Excise | 23 | 14 | 60.9 | 27 | 24 | 88.9 |
| 8 | Income Tax | 59 | 29 | 49.2 | 72 | 20 | 27.8 |
| 9 | Tax Audits Investigations & Ethics | 17 | 6 | 35.3 | 12 | 7 | 58.3 |
| 10 | EAC & International Tax | 32 | 11 | 34.4 | 34 | 13 | 38.2 |
| 11 | Tax Practice | 21 | 19 | 90.5 | 18 | 14 | 77.8 |
| 240 | 128 | 53.3 | 237 | 101 | 42.6 | ||
The average pass rate was 53.3% compared to 42.6% in June 2018.
In terms of gender, 25% of those who passed were female and 75% were male.
In addition, 54.7% of those candidates who passed made it on their first attempt. We urge these candidates to maintain the flame so as complete in the shortest time possible.
The top candidates, per subject, are summarised below:
|
Subject |
Reg.No. |
First Name |
Surname |
|
Principles of Accounting |
CT/00123 |
Victor |
Karara |
|
Business Law |
CT/00099 |
Posiano |
Turyamureeba |
|
Principles of Taxation |
CT/00179 |
Dennize |
Mugenyi |
|
Managerial Economics & Public Finance |
CT/00106 |
Louis |
Muhangura |
|
Business Accounting |
|||
|
Value Added Tax |
CT/00042 |
Joab |
Tumuranzye |
|
Customs & Excise |
CT/00143 |
Deogratius |
Kaleebi |
|
Income Tax |
CT/00090 |
Annet |
Nakaggwa |
|
Tax Audits Investigations & Ethics |
CT/00197 |
Joseph Gonzaga |
Kalinda |
|
EAC & International Tax |
CT/00112 |
Rogers S.H.M |
Kyewalabye |
|
Tax Practice |
CT/00167 |
Solomon |
Musoke |
15 candidates completed the CTA course compared to 8 in June 2018.
Of the 15 candidates, 3 (20%) were female and 12 (80%) were male. The list of finalists is attached (see Appendix 2).
The cumulative total number of students who have completed the CTA course is now 36.
CERTIFIED PUBLIC ACCOUNTANTS OF UGANDA (CPA) EXAMINATIONS
5,853 candidates sat for the December 2018 examinations compared to 5,766 who sat in June 2018. Performance in the individual subjects is given as follows:
|
November 2018 |
June 2018 |
||||||
|
No. of candidates |
Pass |
No. of candidates |
Pass |
||||
|
Subjects |
No. |
% |
No. |
% |
|||
|
1 |
Financial Accounting |
1,252 |
635 |
50.7 |
1,241 |
560 |
45.1 |
|
2 |
Quantitative Techniques |
1,178 |
581 |
49.3 |
1,414 |
549 |
38.8 |
|
3 |
Economic Environment |
126 |
91 |
72.2 |
104 |
95 |
91.3 |
|
4 |
Business Law |
302 |
257 |
85.1 |
312 |
225 |
72.1 |
|
5 |
Business Management & Information Systems |
172 |
126 |
73.3 |
154 |
121 |
78.6 |
|
6 |
Taxation |
334 |
170 |
50.9 |
355 |
258 |
72.7 |
|
7 |
Cost & Management Accounting |
436 |
77 |
17.7 |
487 |
119 |
24.4 |
|
8 |
Financial Reporting |
818 |
475 |
58.1 |
880 |
124 |
14.1 |
|
9 |
Advanced Taxation |
1,092 |
253 |
23.2 |
1,114 |
368 |
33.0 |
|
10 |
Financial Management |
612 |
238 |
38.9 |
576 |
83 |
14.4 |
|
11 |
Management Decision & Control |
828 |
261 |
31.5 |
893 |
244 |
27.3 |
|
12 |
Auditing & Professional Ethics & Values |
679 |
264 |
38.9 |
509 |
233 |
45.8 |
|
13 |
Advanced Financial Reporting |
473 |
94 |
19.9 |
703 |
269 |
38.3 |
|
14 |
Public Sector Accounting & Reporting |
864 |
179 |
20.7 |
869 |
136 |
15.7 |
|
15 |
Business Policy & Strategy |
307 |
169 |
55.0 |
262 |
145 |
55.3 |
|
16 |
Advanced Financial Management |
411 |
73 |
17.8 |
375 |
37 |
9.9 |
|
17 |
Auditing & Other Assurance Services |
647 |
197 |
30.4 |
654 |
114 |
17.% |
|
18 |
Integration of Knowledge |
199 |
117 |
58.8 |
201 |
107 |
53.% |
|
10,730 |
4,257 |
39.7 |
11,103 |
3,787 |
34.1 |
||
The average pass rate was 39.7% compared to 34.1% in June 2018
In terms of gender, 53.2% of those who passed were female while 46.8% were male. Therefore, I congratulate the female candidates for the good performance.
In addition, 66.9% of those candidates who passed made it on their first attempt. This is highly commendable because it shortens the time taken to complete the course.
In terms of age, 44.5% of those who passed were in the age bracket of 25-29 years, followed by 18-24 at 22.4%, while those in the bracket of 30-34 years passed at 18.2%. Congratulations to these candidates also for their efforts.
The top candidates, per subject, are summarised below:
|
Subject |
Reg.No. |
First Name |
Surname |
|
CPA-1-Financial Accounting |
CP/24452 |
Vincent |
Kasujja |
|
CPA-2-Quantitative Techniques |
CP/25245 |
Peter |
Mutambuze |
|
CPA-3-Economic Environment |
CP/22165 |
Brender |
Ahimbisibwe |
|
CPA-4-Business Law |
CP/24891 |
Hope |
Fokushaba |
|
CPA-5-Business Management & Information Systems |
CP/24858 |
Machimbo Ronald |
Simiyu |
|
CPA-6-Taxation |
CP/25120 |
Rita |
Arinanye |
|
CPA-7-Cost & Management Accounting |
CP/23031 |
Immaculate |
Nalweyiso |
|
CPA-8-Financial Reporting |
CP/07606 |
Stephen |
Lutaakome |
|
CPA-9-Advanced Taxation |
CP/22961 |
Caroline |
Namyenya |
|
CPA-10-Financial Management |
CP/18229 |
Medius |
Mugabirwe |
|
CPA-11-Management Decision & Control |
CP/20490 |
Proscovia |
Babirye |
|
CPA-12-Auditing & Professional Ethics & Values |
CP/21741 |
Racheal Katongole |
Kyosimye |
|
CPA-13-Advanced Financial Reporting |
CP/12909 |
Amon |
Bakoraho |
|
CPA-14-Public Sector Accounting & Reporting |
CP/22357 |
Janat |
Nabuuma |
|
CPA-15-Business Policy & Strategy |
01069 |
Jane Mukasa |
Mwebaza |
|
CPA-16-Advanced Financial Management |
CP/21660 |
Geoffrey |
Karubanga |
|
CPA-17-Auditing & Other Assurance Services |
CP/09604 |
Francis |
Mugisha |
|
CPA-18-Integration of Knowledge - 3rd Top Student |
CP/11912 |
Amon |
Akampumuza |
|
CPA-18-Integration of Knowledge - 2nd Top Student |
CP/12175 |
Ibrahim |
Ssemanda |
|
CPA-18-Integration of Knowledge - Top Student/ Best Female |
CP/11323 |
Joan |
Tebesigwa |
163 candidates completed the CPA(U) course compared to 127 in June 2018.
Of the 163 candidates, 83 (50.9%) were female while 80 (49.1%) were male. The list of finalists is attached (see Appendix 3).
This brings the number of students who have completed the CPA(U) course to 3,516.
3.0 CLOSING REMARKS
On behalf of the Public Accountants Examinations Board, I congratulate those candidates who passed their various examinations papers, the top candidates in each paper and those who have completed their courses. I encourage those who have not made it this time to work harder and pass next time round.
I convey our sincere appreciation to the examiners, moderators, markers, security teams, invigilators, service providers and the Secretariat for their contributions to the success of the November 2018 examinations.
Our comrades from the media fraternity, we are very grateful for honouring our invitation to cover this important function of releasing the November 2018 examinations results. Thank you so much.
It is now my honour and privilege to invite you, Mr. President, to release the November 2018 examinations results.
CPA KETO KAYEMBA
CHAIRPERSON, PAEB