Current JAMB Syllabus For Accounting (+PDF)

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You will see the current JAMB syllabus for Accounting with the PDF version available for your free download.


ALSO SEE: Complete JAMB Syllabus For All Subjects


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The PDF version of this syllabus is available for your free download at the bottom of this Library.

See JAMB Accounting syllabus

This JAMB syllabus for Accounting is to prepare you for JAMB examination by testing you on the following Accounting topics:

1. Nature and Significance of Accounting

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

2. Principles of Double Entry

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

3. Ethics in Accounting

  • Objectives.
  • Qualities of an Accountant.

4. Cashbook 

  • Columnar cashbooks.
  • Discounts.
  • Petty cashbook and the imprest system.

5. Bank Transactions and Reconciliation Statements

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

6. The Final Accounts of a Sole Trader

  • Income statement (Trading and profit and loss account).
  • Statement of financial position (Balance sheet).
  • Adjustments:
    • provision for bad and doubtful debt.
    • provision for discounts.
    • provision for depreciation using straight-line and reducing balance methods.
    • accruals and prepayments.

7. Stock Valuation

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

8. Control Accounts and Self-balancing Ledgers

  • Importance of control accounts.
  • Purchases ledger control account.
  • Sales ledger control account.

9. Incomplete Records and Single Entry

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

10. Manufacturing Accounts

  • Cost classification.
  • Cost apportionment.
  • Preparation of manufacturing account.

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

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

12. Departmental Accounts

  • Objectives.
  • Apportionment of expenses.
  • Departmental trading and profit and loss account.

13. Branch Accounts

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

14. Joint Venture Accounts

  • Objectives.
  • Personal accounts of venturers.
  • Memorandum Joint venture accounts.

15. Partnership Accounts

  • Formation of partnership.
  • Profit and 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.

16. Introduction to Company Accounts

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

17. Public Sector Accounting

  • Comparison 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:
    • The Accountant General.
    • The Auditor General.
    • The Minister of Finance.
    • The Treasurer of local government.
  • Instruments of financial regulation.

18. Information Technology in Accounting

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

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