Want to get the WAEC or GCE Accounting syllabus for topics to study in Accounts?
In this library,
You will see the latest WAEC Accounting syllabus this year with free PDF copy for the topics where your Accounts questions in WAEC or GCE will come from.
How many questions are in the WAEC Accounting exam?
WAEC or GCE Accounting exam has about (59) questions in two papers.
- PAPER ONE: 1 hour objective paper with (50) questions.
- PAPER TWO: 2½ hours theory paper with (9) questions in two sections (A—B).
- Section (A) – 4 questions to answer 2.
- Section (B) – 5 questions to answer 3.
What are the topics in GCE or WAEC Accounting syllabus?
The PDF version of this syllabus is included at the bottom of this post for your FREE and unlimited download.
1. Introduction
- HISTORY, NATURE, AND FUNCTIONS OF ACCOUNTING
- IMPORTANCE OF BOOK-KEEPING AND ACCOUNTING
- USERS OF ACCOUNTING INFORMATION
2. Principles and practice of double entry
- PURPOSE AND FUNCTIONS OF SOURCE DOCUMENTS: SUBSIDIARY BOOKS
- THE LEDGER: CLASSIFICATION OF ACCOUNTS
- CASH BOOK: ANALYTICAL CASH BOOK, INCLUDING PETTY CASH BOOK
- PREPARATION OF TRIAL BALANCE AND TREATMENT OF ERRORS
- THE IMPREST SYSTEM
- BANK RECONCILIATION STATEMENTS
3. The final accounts of a sole trader
- TRADING, PROFIT, AND LOSS ACCOUNTS; THE BALANCE SHEET
- ADJUSTMENTS
4. Reserves and provisions
- PROVISION FOR DOUBTFUL DEBTS
- PROVISION FOR DISCOUNTS
- IMPORTANCE OF LAW AND ORDER IN THE SOCIETY
- AMORTIZATION AND DEPLETION OF FIXED ASSETS
- RESERVES: REVENUE AND CAPITAL RESERVES
5. Manufacturing accounts
- SIMPLE MANUFACTURING OR PRODUCTION ACCOUNTS SHOWING VARIOUS COST CLASSIFICATIONS
6. Control accounts and self-balancing
- REASONS FOR
- TYPES
7. Single entry and incomplete records
- NATURE
- COMPUTATION OF PROFIT FROM TWO BALANCE SHEETS
- PREPARATION OF FINAL ACCOUNTS FROM A SET OF INCOMPLETE RECORDS
8. Accounts of not-for-profit making organization
- RECEIPTS AND PAYMENTS ACCOUNTS
- INCOME AND EXPENDITURE ACCOUNTS
- SUBSCRIPTION IN ADVANCE AND IN ARREARS
- ACCUMULATED FUND
- BALANCE SHEET
9. Accounting concepts and conventions
- NATURE, SIGNIFICANCE, AND LIMITATIONS
10. Partnership
- INTRODUCTION
- PARTNERSHIP AGREEMENTS
- CAPITAL AND CURRENT ACCOUNTS
- PROFIT AND LOSS AND APPROPRIATION ACCOUNTS AND BALANCE SHEET
- ADMISSION OF A PARTNER AND PARTNERSHIP DISSOLUTION.
11. Company accounts
- FORMATION – STATUTORY REQUIREMENTS
- ISSUE AND REDEMPTION OF SHARES
- LOAN CAPITAL
- FINAL ACCOUNTS FOR INTERNAL USE ONLY
- PURCHASE OF A SOLE TRADER BY A COMPANY
- CONVERSION OF A PARTNERSHIP INTO A LIMITED LIABILITY COMPANY
- INTERPRETATION OF ACCOUNTS USING SIMPLE RATIOS
12. Departmental and branch accounts
- ASCERTAINMENT OF DEPARTMENTAL AND TOTAL PROFIT
- INTER BRANCH TRANSACTIONS EXCLUDING FOREIGN BRANCHES
- ACCOUNTING RECORDS KEPT BY THE HEAD OFFICE AND BY THE BRANCHES
13. Public sector accounting
- SOURCES OF PUBLIC REVENUE
- CAPITAL AND RECURRENT EXPENDITURES
- SIMPLE GOVERNMENT ACCOUNTING PROCEDURES
14. Introduction to data processing
- DEVELOPMENT
- STEPS IN DATA PROCESSING
- MANUAL DATA PROCESSING
- MECHANICAL DATA PROCESSING
- ELECTRONIC DATA PROCESSING
- ADVANTAGES AND DISADVANTAGES OF VARIOUS DATA PROCESSING SYSTEMS
Source: WAEC website
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