At schooling.com.ng we are aware that you have been searching for various terms like detailed jamb principles of account syllabus, approved syllabus for principles of account, hot topics for jamb principles of account, how to download jamb syllabus and other terms like that, by the way you are in the right place as we will be taking you through the detailed syllabus of jamb principles of account and a link to download the syllabus for jamb principles of account at the end of this post.
Let’s get started.
WHAT IS SYLLABUS?
A syllabus (/ˈsɪləbəs/;
plural syllabuses or syllabi) or specification is a document that communicates
information about a specific academic course or class and defines expectations
and responsibilities. It is generally an overview or summary of the curriculum.
A syllabus may be set out by an examination board or prepared by the tutor or
instructor who teaches or controls the course. In the case of jamb principles
of account syllabus, it is an official document
containing outlines of relevant topic as mark out by Jamb (link) to aid student
preparation for the unified tertiary matriculation examination simply known as
UTME.
BENEFIT OF USING JAMB PRINCIPLES OF ACCOUNT SYLLABUS
Easy Combat: Jamb principles of account contains
RELEVANT AND HOT TOPICS to help you combat conundrum question you will found on
your system in the Exam Hall, and believe me sincerely jamb examiners are very
technical, logical and … when it comes to setting question.
Familiarizing yourself with the jamb principles
of account syllabus is a sure bet to scoring high in jamb.
Study the syllabus thoroughly gives you the
confidence that you are studying the right thing the right way at the very
right time.
HOW TO GET THE MOST OUT OF THIS
COURSE.
1.
Read from cover to cover, from topic to
topic
2.
Create a study schedule.
3.
Attend jamb tutorials.
4.
Brainstorm with friends
5.
Have a positive mentality that you will
come out in flying colours
JAMB PRINCIPLES OF ACCOUNT SYLLABUS GENERAL OBJECTIVE.
The aim of the Unified Tertiary Matriculation
Examination syllabus in principles of account
is to prepare aspirant of various
higher institution in Nigeria whether university, polytechnics, monotechnics &
colleges of education for the Board’s examination. It is designed to test their
achievement of the course objectives,
Which are to:
1. Stimulate and sustain their interest in
Principles of Accounts;
2. Use the basic knowledge of and practical
skills in Accounting;
3. Apply the knowledge and interpretation of
accounting information to decision making;
4. Determine the relevance of accounting
information to business and governments;
5. Use information and communication
technology for present and future challenges.
6. Use current accounting principles in
financial reporting.
JAMB PRINCIPLES OF ACCOUNT SYLLABUS 2023/2024 OUTLINE
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
a. 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
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 accounts
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
16.
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
17. 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
18.
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.
RECOMMENDED TEXTBOOK FOR PRINCIPLES OF ACCOUNT JAMB SYLLABUS.
Abdullahi D. Z. (2014). Modern Financial Accounting, Husab
Global Press Concept Ltd.
Adeifa O. Ajileye, J. O and Oluwasanna, R. O (2001). Get
your Financial Accounting Right. Book One: Oyo: Tenlad Press International.
Ajileye, J. O. and Adetifa O. (2001). Get your Financial
Accounting Right, Book Two: Lagos: De Hadey Printing Services.
Akinduko, A. O (2001). Basic Accounting: Akure: Spetins.
Awoyemi, E. O. (1989). A guide to Government Accounting
and Internal Audit, Ibadan: Onibonoje Press
Dodge, R. (2002). Foundation of Business Accounting,
(Second Edition), Bershire: Chapman and Hall.
Ekwere, A. B. (1997). Contemporary Accounting, Abuja:
Aflon Finance (Control and Management) Act 1959
Ekwue K. C. (2010). Principles of Accounts, Book 1 &
2, Onitsha: Adson Publishing Company,
Femi L. (2013). Simplified and Amplified Financial Accounting.
Frankwood and Alan S. (2002). Frankwood’s Business
Accounting, Prentice Hall International Edition.
Hassan M. M. (2001). Government Accounting, Lagos:
Malthouse Press Limited.
Igben, R. O. (2004). Financial Accounting Made Simple
(Vol. I) Lagos: Roi Publishers.
Longe, O. A. and Kazeem, R. A (2006). Essential Financial
Accounting for Senior Secondary Schools: Lagos: Tonad Publishers Limited.
Millichamp, A. H. (1989). Foundation Accounting: An
Introduction manual for Accounting Students, London: DP Publications
Okwoli, A. A. (1995). Financial Accounting, Zaria: Tamaza
Publishers.
Oshisami, K. (1997). Government Accounting and Financial
Control: Ibadan: Spectrum.
