JAMB Syllabus for Principle of Accounts 2024/2025

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Myinfoconnect brings you a realtime update on the JAMB syllabus for Principle of Accounts. This JAMB syllabus for Principle of Accounts will assist concerned candidates prepare adequately for the upcoming examination.

Aside scoring above 90/100 in JAMB when you prepare with the JAMB syllabus, most universities, polytechnics and College of Education uses this syllabus in setting their post utme questions. This implies that since you will score above 90 in JAMB, then you will definitely score above 90% in your post utme, hence, you will get admission.

Original JAMB Syllabus and Hot Topics for all Subjects

Joint Admissions and Matriculation Board (JAMB) and Post UTME Cut-Off Marks for Admission Exercise

JAMB SYLLABUS FOR PRINCIPLE OF ACCOUNTS

UTME candidates preparing to write Principle of Accounts in the forthcoming UTME should note that they should read only the 18 topics listed below. The topics are;

1. ACCOUNTS OF NOT-FOR-PROFIT-MAKING ORGANIZATIONS

After reading the topic above, make sure you are able to;

distinguish between the features of Not-for-profit-making organizations.
determine the subscription income, subscription in arrears and in advance.
compute the cash balances and accumulated funds, surplus and deficit for the period from all sources.
Prepare:
1. receipts and payments account.
2. income and expenditure account.
3. statement of financial position.

2. BOOK TRANSACTIONS AND RECONCILIATION STATEMENTS

The content of the topic above includes;

An instrument of bank transactions.
e-banking system.
Courses of discrepancies between cashbook and bank statement.
Bank reconciliation statement.

After reading the topic above, make sure you are able to;

identify bank documents such as cheques, pay-in-slips, credit and debit cards and their uses.
assess the impact of automated credit system, credit transfers, interbank transfers and direct debit on cash balances.
list factors that cause discrepancies between balances of cashbook and bank statements.
prepare adjusted cashbook balance.
prepare bank reconciliation statements.

3. BRANCH ACCOUNTS

4. CASHBOOK

5. CONTROL ACCOUNTS AND SELF-BALANCING LEDGERS

6. DEPARTMENTAL ACCOUNTS

7. ETHICS IN ACCOUNTING

8. INCOMPLETE RECORDS AND SINGLE ENTRY

9. INFORMATION TECHNOLOGY IN ACCOUNTING

10. INTRODUCTION TO COMPANY ACCOUNTS

11. JOINT VENTURE ACCOUNTS

12. MANUFACTURING ACCOUNTS

13. NATURE AND SIGNIFICANCE OF ACCOUNTING

14. PARTNERSHIP ACCOUNTS

15. PRINCIPLES OF DOUBLE ENTRY

16. PUBLIC SECTOR ACCOUNTING

17. STOCK VALUATION

18. THE FINAL ACCOUNTS OF A SOLE TRADER

That’s all! The eighteen (18) topics above are all you need to read in preparation for the UTME. We will also show you the JAMB recommended textbooks for Principle of Accounts.

JAMB APPROVED TEXT BOOKS FOR PRINCIPLE OF ACCOUNTS

Modern Financial Accounting, by Abdullahi D. Z.
Get your Financial Accounting Right. Book One: by Adeifa O. Ajileye, J. O and Oluwasanna, R. O.
Get your Financial Accounting Right, Book Two: by Ajileye, J. O. and Adetifa O..
Basic Accounting: by Akinduko, A. O
A guide to Government Accounting and Internal Audit, by Awoyemi, E. O..
Foundation of Business Accounting, (Second Edition), by Dodge, R.
Contemporary Accounting, by Ekwere, A. B.
Principles of Accounts, Book 1 & 2, by Ekwue K. C.
Simplified and Amplified Financial Accounting by Femi L.
Frankwoods Business Accounting, by Frankwood and Alan S.
Government Accounting, by Hassan M. M.
Financial Accounting Made Simple (Vol. I) by Igben, R. O.
Essential Financial Accounting for Senior Secondary Schools: by Longe, O. A. and Kazeem, R. A.
Foundation Accounting: An Introduction manual for Accounting Students, by Millichamp, A. H.
Financial Accounting, by Okwoli, A. A.
.Government Accounting and Financial Control: by Oshisami, K.
Pass at Once JAMB by Wisdomline.