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It was the German poet Goethe who once said: Nothing is as terrifying as ignorance in motion. It is pleasant, therefore, to note the maintenance of overall standards in the results of the December 1979 examinations — and the very great improvement in the results of the Accounting & Finance examination. When recording the June 1979 results, I did refer to the possibility that the course content of that particular subject might be spread over two examination papers instead of one. After careful study of the syllabus content it was decided that this split was not justified. The decision was proved to be correct by the increase in the pass rate in that particular subject from 24% in June 1979 to 48% in December 1979, which seems to be an indication of the realisation of all concerned of the need for more careful preparation in Accounting & Finance since the standard at which the examination paper was set remained unchanged.

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