Current JAMB Syllabus For Accounting (+PDF)

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ALSO SEE: Current JAMB Syllabus For All Other Subjects

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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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