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2025 Topic based syllabus for jamb(UTME) Principles of Accounts

Jul 30 2024 3:37:00 PM

Osason

Jamb Updates

Principles of Accounts syllabus for Jamb

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I warmly welcome you to this post. Before you succeed or call yourself a success, there are certain philosophy you must abide by. Take for example the 'philosophy of knowledge' is one great tool you need if you must succeed. It entails being informed. Am glad you landed on this post because you will be highly informed.
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The aim of the Unified Tertiary Matriculation Examination (UTME) syllabus in Principles of Accounts is to prepare the candidates for the Board's examination. It is designed to test their achievement of the course objectives.
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It might interest you to know that some of the course objectives for JambP Principles of Account are to: stimulate and sustain their interest in Principles of Accounts, use the basic knowledge of and practical skills in Accounting, apply the knowledge and interpretation of accounting information to decision making, determine the relevance of accounting information to business and government etc.
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I have grouped the topics in Jamb(UTME) Principles of Account syllabus into sections so that you can easily navigate to the one you are interested in. I sincerely implore you to study the topic one by one and make sure you understand it very well because Jamb would not set questions that does not reflect in the syllabus. You see, your jamb Principles of Account syllabus is just like a map that can help you navigate into success. Here are the table of content
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Table of Contents
  1. Jamb syllabus for Principles of Account topic 1 to 5
  2. Jamb syllabus for Principles of Account topic 6 to 10
  3. Jamb syllabus for Principles of Account topic 11 to 15
  4. Jamb syllabus for Principles of Account topic 11 to 18
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Part 1: Jamb syllabus for Principles of Account topic 1 to 5

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1. Nature and significance of Book Keeping and Accounting
  • Development of Accounting (including branches of accounting)
  • Objectives of Book Keeping and accounting
  • Users and characteristics of Accounting information
  • Principles, concepts and conventions of Accounting (nature, significance and application)
  • Role of Accounting records and information
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2. Principles of Double Entry
  • Source documents
  • Books of original Entry
  • Accounting equation
  • Ledger and its classifications
  • Trial balance
  • Types and correction of errors
  • Suspense account
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3. Ethics in Accounting
  • Objectives
  • Qualities of an Accountants
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4. Cash Book
  • Columnar Cash Books: (i) single column (ii) double column (iii) Three column
  • Discounts
  • Petty Cash Book and imprest system
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5. Bank Transactions and Reconciliation Statements
  • Instrument of bank transactions
  • e-banking system
  • Causes of discrepancies between cash book and bank statement
  • Bank reconciliation statement
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6. Final Accounts of a Sole Trader
  • Income statement (Trading and profit and loss account)
  • Statement of financial position (Balance Sheet)
  • Adjustments: (i) provision for bad and doubtful debt (ii) provision for discounts (iii) provision for depreciation using straightline and reducing balance methods (iv) accruals and prepayment
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7. Stock valuation
  • Methods of stock valuation e.g FIFE, LIFO and simple average
  • Advantages and disadvantages of the methods
  • The importance of stock valuation
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8. Control Accounts and Self balancing Ledger
  • Meaning and uses of control accounts
  • Purchases ledger control account
  • Sales ledger control account
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9. Incomplete Records and Single Entry
  • Determinatoin of missing figures
  • Preparation of final accounts from incomplete records
  • Conversion of singe entry to double entry
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10. Manufacturing Accounts
  • Cost classification
  • Cost apportionment
  • Preparation of manufacturing account
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11. Accounts of Not-for-profit Making Organizations
  • Objectives
  • Receipts and payment accounts
  • Income and expenditure account
  • Statement of financial position
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12. Departmental Accounts
  • Objectives
  • Apportionment of expenses
  • Departmental trading and profit and loss account
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13. Branch Accounts
  • Objectives
  • Branch account in the head office Books
  • Head office account
  • Reconciliation of branch and head office books
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14. Joint Venture Accounts
  • Objectives and features
  • Personnel account of venturers
  • Memorandum joint venture accounts
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15. Partnership Accounts
  • Formation of partnership
  • Profit or loss account
  • Appropriation account
  • Partners current and capital accounts
  • Treatment of goodwill
  • Admission/retirement of a partner
  • Dissolution of partnership
  • Conversion of a partnership to a company
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16. Introduction to Company Accounts
  • Formation and classifictin of companies
  • Issue of shares and debentures
  • Final accounts of companies
  • Accounting ratios
  • Distinction between capital and revenue reserves
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17. Public Sector Accounting
  • Companies of cash and accrual basis of Accounting
  • Sources of government revenue
  • Capital and recurrent expenditure
  • Consolidated Revenue Fund
  • Statement of assets and liabilities
  • Responsibilities and powers of:
  1. The Accountant General
  2. The Auditor General
  3. The Minister of Finance
  4. The treasurer of Local Government
  • Instruments of financial regulation
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18. Information Technologh in Accounting
  • Manual and computerized Accounting processing system
  • Procedures involved in data processing
  • Computer hardware and software
  • Advantages and disadvantages of manual and computerize Accounting Processing system
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