JAMB Syllabus For Principles of Account 2022 [Read & Download PDF]

JAMB Syllabus For Principles of Account 2022 [Read & Download PDF]

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JAMB Principles of Account Syllabus for 2022/2023 UTME [Read & Download PDF]

This is to Inform the general public most especially those that are going to participate in the 2022 Unified Tertiary Matriculation Examination UTME that the Joint Admission and Matriculation Board JAMB has released the syllabus for Principles of Account for the 2022 UTME.

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JAMB Principles of Account Syllabus for 2022 UTME

Try to get to the bottom of this post to see the JAMB recommended Textbook for Principles of Account! Get a Textbook and read! Also, try to make sure you practice JAMB Past Questions so as to familiarize yourself with the way JAMB sets questions! Hope you are noting those tips on how to get a high score in JAMB? YES! I know you are very smart!!!

JAMB Principles of Account Syllabus 2022/2023 General Objective

The aim of the Unified Tertiary Matriculation Examination (UTME) syllabus in Principles of Accounts is 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 2022/2023

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:

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

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