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    New WAEC Accounting Syllabus (For GCE too)

    Would you like to get the WAEC/GCE Accounting syllabus to know what to study for Accounting in the SSCE or GCE exam?

    In this library,

    You will see the latest WAEC Accounting syllabus this year with a free PDF copy of the topics where all your Accounting questions in WAEC or GCE will be asked.

    ALSO SEE: 

    • FREE WAEC | GCE ACCOUNTING PAST QUESTIONS PDF.
    • HOW TO SCORE (A1) IN WAEC ACCOUNTING THIS YEAR.
    • LATEST WAEC SSCE / GCE TIMETABLE. 
    • HOW TO JOIN OUR WAEC | GCE FREE ONLINE ACCOUNTING TUTORIAL.

    Take note.

    WAEC conducts two exams: SSCE (internal) for school candidates & SSCE external (formerly, GCE) for private candidates.

    The WAEC SSCE (internal) and WAEC GCE Accounting syllabuses are the same.

    Because all the topics where your Accounting questions will be asked in SSCE (internal) are also found in the WAEC GCE Accounting syllabus.

    How many questions are asked in the WAEC Accounting exam?

    Whether it is WAEC internal or GCE Accounting, the examination will consist of two compulsory papers.

    • PAPER 1: This will be of 1 hour duration, comprising 50 objective questions.
    • PAPER 2: This will be of 2½ hours duration with two sections: A and B.
      • Section A – Theory of Financial Accounting: you will be required to answer 2 out of 4 questions for 30% of the total marks for the paper.
      • Section B – Financial Accounting Practice: you will be required to answer 3 out of 5 questions for 45% of the total marks for the paper.

    See available GCE / 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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