JAMB Principles of Accounts Syllabus 2024/2025 (Read & Download PDF)

JAMB Principles of Accounts Syllabus: This article is all about Jamb latest syllabus for Principles of Accounts. Firstly, what is Syllabus? A syllabus is a document that outlines everything that will be covered in an examination or class. However, Jamb Syllabus is a list of outlined topics that student is required to read to prepare for the Unified Tertiary Matriculation Examination.

If you are getting prepared for the Unified Tertiary Matriculation Examination conducted by the Joint Admission Matriculation Board then you have nothing to fair. Newsedung.com will provide all the necessary guides that will help the student to come out in flying colors excluding expos.

If you are participating in the upcoming UTME (Unified Tertiary Matriculation Examination), and you need the Jamb Principles of Accounts outlines topic that needs to be read for the preparation of the Jamb Examination, then I guess this article is for you;

Steps to take before obtaining the 2024/2025 Jamb Form;

Choice a course
Do research on the course
Search for the O’level requirement for the course
Lastly, Check the Jamb Subject combination of the course if Principles of Accounts is among the subject combinations of the course you wish to study then you are good to go.

JAMB Principles of Accounts Syllabus 2024/2025 General Objective

The Unified Tertiary Matriculation Examination (UTME) syllabus in Principles of Accounts aims to prepare the candidates for the Board’s examination. It is designed to test their achievement of the course objectives, which are to:

Stimulate and sustain their interest in Principles of Accounts;
Use the basic knowledge of and practical skills in Accounting;
Apply the knowledge of interpretation of accounting information to decision-making;
Determine the relevance of accounting to business and governments;
Use information and communication technology for present and future challenges.

JAMB Principles of Account Syllabus 2024/2025

1. Nature and Significance of Accounting

a. Development of accounting (including branches of accounting)
b. Objectives of bookkeeping and accounting;
c. Principles, concepts and conventions of accounting (nature, significance and
application)
d. 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 use of suspense account

3. Cash Book

a. Petty cash book and the imprest system
b. Columnar cash books
c. Discounts

4. Bank Transactions and Reconciliation Statements

a. Instrument of bank transactions
b. e-banking system
c. Courses of discrepancies between cash book and bank statement
d. Bank reconciliation statement

5. The Final Accounts of a Sole Trader

a. Trading and profit and loss account
b. Balance sheet
c. Adjustments:

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i. provision for bad and doubtful debt
ii. provision for discounts
iii. provision for depreciation using the straight line and reducing balance methods
iv. accruals and prepayments
v. drawings

6. 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

7. Control Accounts and Self-balancing Ledgers

a. Uses of control accounts
b. Purchases ledger control account
c. Sales ledger control account

8. 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

9. Manufacturing Accounts

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

10. 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. Balance sheet

11. Departmental Accounts

a. Objectives
b. Apportionment of expenses
c. Departmental trading and profit and loss account

12. Branch Accounts

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

13. 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

14. Introduction to Company Accounts

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

15. 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
i. The Minister of Finance
ii. The Treasurer of local government

g. Instruments of financial regulation

Jamb Principle of Accounts Syllabus Recommended Textbook

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
Anao, A. R (1993). An Introduction to Financial Accounting, Lagos: Longman
Awoyemi, E. O. (1989). A guide to Government Accounting and Internal Audit, Ibadan: Onibonje 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
Frank, W. and Omuya, J. O. (1988). Book keeping and Accounting for Senior Secondary Schools, Vols. 1 & 2 London: Pitman
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