Current JAMB Syllabus For Accounting [+Free PDF]

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You will see the latest JAMB syllabus for Accounting this year and also download a Free PDF copy to know the topics where all your JAMB Accounting questions will be asked from.

• ALSO SEE: JAMB EXAM SYLLABUS FOR OTHER SUBJECTS

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Expect about 40 questions in your JAMB Accounting exam from these topics listed below.

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The PDF version of this syllabus is included at the bottom of this post for your FREE and unlimited download.

1. Nature and Significance of Accounting

• a. Development of accounting (including branches of accounting);
• b. Objectives of bookkeeping and accounting;
• c. Users and characteristics of Accounting information;
• d. Principles, concepts and conventions of accounting (nature, significance and
• application);
• e. Role of accounting records and information.

2. Principles of Double Entry.

• Functions of source documents
• b. Books of original entry.
• c. Accounting equation.
• d. The ledger and its classifications.
• e. Trial balance.
• f. Types and treatment of errors and uses of suspense account.

3. Ethics in Accounting.

• a. Objectives.
• b. Qualities of an Accountant.

4. Cashbook.

• a. Columnar cashbooks.
• b. Discounts.
• c. Petty cashbook and the imprest system.

5. Bank Transactions and Reconciliation Statements.

• a. Instrument of bank transactions.
• b. e-banking system.
• c. Causes of discrepancies between cashbook and bank statement.
• d. Bank reconciliation statement.

6. The Final Accounts of a Sole Trader.

• a. Income statement (Trading and profit and loss account).
• b. Statement of financial position (Balance sheet).
• c. 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 prepayments

7. Stock Valuation.

• a. Methods of cost determination using FIFO, LIFO and simple average.
• b. The advantages and disadvantages of the methods.
• c. The importance of stock valuation.

8. Control Accounts and Self-balancing Ledgers.

• a. Importance of control accounts.
• b. Purchases ledger control account.
• c. Sales ledger control account.

9. Incomplete Records and Single Entry.

• a. Conversion of single entry to double entry.
• b. Determination of missing figures.
• c. Preparation of final accounts from incomplete records.

10. Manufacturing Accounts.

• a. Cost classification.
• b. Cost apportionment.
• c. Preparation of manufacturing account.

11. Accounts of Not-For-Profit-Making Organizations.

• a. Objectives of Not-For-Profit-Making organizations.
• b. Receipts and payments account.
• c. Income and expenditure account.
• d. Statement of financial position (Balance sheet).

12. Departmental Accounts.

• a. Objectives.
• b. Apportionment of expenses.
• c. Departmental trading and profit and loss account goods using FIFO, LIFO and simple average;

13. Branch Accounts.

• a. Objectives.
• b. Branch accounts in the head office books.
• c. Head office account.
• d. Reconciliation of branch and head office books.

14. Joint Venture Accounts.

• a. Objectives.
• b. Personal accounts of venturers.
• c. Memorandum Joint venture account.

15. Partnership Accounts.

• a. Formation of partnership.
• b. Profit and loss account.
• c. Appropriation account.
• d. Partners current and capital accounts.
• e. Treatment of goodwill.
• f. Admission/retirement of a partner.
• g. Dissolution of partnership.
• h. Conversion of a partnership to a company.

15. Introduction to Company Accounts.

• a. Formation and classification of companies.
• b. Issue of shares and debentures.
• c. Final accounts of companies.
• d. Interpretation of accounts using ratios.
• e. Distinction between capital and revenue reserves.

16. Public Sector Accounting.

• a. Comparison of cash and accrual basis of accounting.
• b. Sources of government revenue.
• c. Capital and recurrent expenditure.
• d. Consolidated revenue fund.
• e. Statement of assets and liabilities.
• f. Responsibilities and powers of:
  • i. The Accountant General.
  • ii. The Auditor General.
  • iii. The Minister of Finance.
  • iv. The Treasurer of local government.
• g. Instruments of financial regulation.

17. Information Technology in Accounting.

• a. Manual and computerized accounting processing system.
• b. Processes involved in data processing.
• c. Computer hardware and software.
• d. Advantages and disadvantages of manual and computerized accounting processing system.

Source: JAMB IBASS

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