JAMB Syllabus for Principles of Accounts 2026/2027 Download PDF Download

INTRODUCTION

The JAMB Syllabus for Principles of Accounts 2026 is a comprehensive listing of topics from which questions would be set on all subject areas. The syllabus has been specifically designed to guide candidates to adequately prepare for the examination.

The JAMB syllabus for Principles of Accounts covers fundamental accounting concepts like the nature of accounting, the double-entry system, source documents, journals, ledgers, and the accounting equation. It also includes preparing and adjusting final accounts, managing bank transactions, understanding depreciation, and applying accounting knowledge for decision-making and financial reporting.

The standard JAMB subject combination for Accounting includes English Language, Mathematics, Economics, and any one other Social Science or Commercial subject, such as Commerce, Government, Geography, or Principles of Accounts (Financial Accounting).

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JAMB Syllabus for Principles of Accounts 2026/2027

Below is the JAMB 2025 Syllabus for Principles of Accounts.

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 Textbooks

• 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