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JAMB Accounts Syllabus for 2019 is out Online

Last modified about 7 days ago by . Posted in School News |

JAMB Accounts Syllabus 2019 – Check JAMB latest syllabus on Account below;

JAMB Accounts Syllabus 2019 is Out…The Accounts 2019/2020 JAMB Unified Tertiary Matriculation Examination (UTME) Syllabus is aim at preparing candidates for the Board’s examination.


JAMB Accounts Syllabus 2019JAMB Accounts Syllabus 2019

These course objectives are as follows:

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.

1. Nature and Significance of Accounting

Topics: 

  • 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)
    e. Role of accounting records and information

Objectives:

Candidates should be able to:

  • Differentiate between bookkeeping and accounting;
  • Use the historical background of bookkeeping and accounting for future development;
  • Apply the right principles, concepts and conventions to solving accounting problems;
  • Examine the role of accounting records and information in decision making.
  • List the branches of Accounting such as Cost Accounting, Management Accounting, Auditing, Financial Accounting and Taxation.

2. Principles of Double Entry

Topics: 

  • 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

Objectives:

Candidates should be able to:

  • Relate the various source documents to their uses;
  • Relate source documents to the various books of original entry;
  • Determine the effect of changes in elements of accounting equation;
  • Identify the role of double entry and use it to post transactions into various divisions of the ledger;
  • Balance off ledger accounts;
  • Extract a trial balance from balances and determine its uses;
  • Identify various types of errors and their necessary corrections;
  • Create a suspense account.

3. Ethics in Accounting

Topics: 

  • Qualities of an Accountant

Objectives:

Candidates should be able to:

  • Use ethics in preparing and presenting Accounting Reports;
  • List qualities of an Accountant such as honesty, integrity, transparency, accountability and fairness.

4. Cashbook

Topics: 

  • Columnar cashbooks
  • Discounts
  • Petty cashbook and the imprest system

Objectives:

  • Candidates should be able to:
  • Determine the cash float;
  • Differentiate between two and three columnar cashbooks and how transactions are recorded in them;
  • Differentiate between trade and cash discounts;
  • Examine the effects of trade and cash discounts in the books of accounts.
  • Identify various petty cash expense;

5. Bank Transactions and Reconciliation Statements

Topics: 

  • Instrument of bank transactions
  • E-banking system
  • Courses of discrepancies between cashbook and bank statement
  • Bank reconciliation statement

Objectives:

Candidates should be 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.

6. The Final Accounts of a Sole Trader

Topics:

  • Income statement (Trading and profit and loss account)
  • Statement of financial position (Balance sheet)
  • Adjustments:
    i. Provision for bad and doubtful debt
    ii. Provision for discounts
    iii. Provision for depreciation using straight-line and reducing balance methods
    iv. Accruals and prepayments

Objectives:

Candidates should be able to:

  • Determine the cost of sales, gross profit and net profit of a sole trader;
  • Identify fixed assets, current assets, long- term liabilities, current liabilities and proprietor’s capital;
  • Compute adjustable items on the related expenditure and income in the profit and loss account;
  • Relate the adjustable items and their corresponding disclosure in the statement of financial position;
  • Differentiate between bad debts and provision for bad and doubtful debts.

7. Stock Valuation

Topics:

  • Methods of cost determination using FIFO, LIFO and simple average
  • The advantages and disadvantages of the methods
  • The importance of stock valuation

Objectives:

Candidates should be able to:

  • Determine the cost of materials issued to production or cost of goods sold using FIFO, LIFO and simple average;
  • Calculate the closing stock of materials or finished goods using FIFO, LIFO and simple average;
  • Compare the advantages and disadvantages of each method of stock valuation;
  • Determine the effects of stock valuation on trading, profits and cost of goods sold.

8. Control Accounts and Self-balancing Ledgers

Topics: 

  • Importance of control accounts
  • Purchases ledger control account
  • Sales ledger control account

Objectives:

Candidates should be able to:

  • Determine the importance of control accounts in a business enterprise;
  • Differentiate between sales ledger control account and purchases ledger control account;
  • Identify the individual elements of control accounts;
  • Prepare the control accounts

9. Incomplete Records and Single Entry

Topics:

  • Conversion of single entry to double entry
  • Determination of missing figures
  • Preparation of final accounts from incomplete records

Objectives:

Candidates should be able to:

  • Determine proprietor’s capital using statement of affairs;
  • Determine the amount of sales, purchases, cash balances, debtors, creditors and expenses by converting single entry to double entry;
  • Use accounting equations and gross profit percentage to determine gross profit or cost of sales.

10. Manufacturing Accounts

Topics: 

  • Cost classification
  • Cost apportionment
  • Preparation of manufacturing account

Objectives:

Candidates should be able to:

  • Calculate prime cost, production overhead, production cost and total cost;
  • Determine the basis of apportionment into production, administration, selling and distribution.

11. Accounts of Not-For-Profit-Making Organizations.

Topics:

  • Objectives of Not-For-Profit-Making organizations
  • Receipts and payments account
  • Income and expenditure account
  • Statement of financial position (Balance sheet)

Objectives:

  • Candidates should be 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:
    a. Receipts and payments account
    b. Income and expenditure account
    c. Statement of financial position

 

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