CARA'S TIPS
JAMB · WAEC · NECO

Financial Accounting: every topic

Also called Principles of Accounts. 15 lessons, each taught from the very basics with worked examples and practice questions.

1. Nature and significance of accounting, users, concepts and ethics
Nature, users & concepts · JAMB, WAEC, NECO
2. Source documents and subsidiary books
Source documents & books of original entry · JAMB, WAEC, NECO
3. The accounting equation, double entry and ledger classification
Double entry & the ledger · JAMB, WAEC, NECO
4. Trial balance, correction of errors and suspense accounts
Trial balance, errors & suspense · JAMB, WAEC, NECO
5. Cash books, petty cash, bank transactions and reconciliation
Cash book & bank reconciliation · JAMB, WAEC, NECO
6. Final accounts with adjustments and inventory valuation
Sole trader final accounts · JAMB, WAEC, NECO
7. Depreciation methods, provisions and disposal of non-current assets
Depreciation & disposal · JAMB, WAEC, NECO
8. Control accounts, single entry, mark-up and margin
Control accounts & incomplete records · JAMB, WAEC, NECO
9. Partnership formation, appropriation, admission, retirement and dissolution
Partnership accounts · JAMB, WAEC, NECO
10. Shares, debentures, reserves, company final accounts and the financial system
Company accounts & the financial system · JAMB, WAEC, NECO
11. Receipts and payments, income and expenditure, accumulated fund
Not-for-profit organisations · JAMB, WAEC, NECO
12. Cost classification and manufacturing accounts
Manufacturing accounts · JAMB, WAEC, NECO
13. Departmental, branch, joint venture, consignment, contract and hire purchase accounts
Departmental, branch & special accounts · JAMB, WAEC, NECO
14. Ratios: liquidity, profitability and efficiency
Interpretation of accounts · JAMB, WAEC, NECO
15. Government accounting, financial control and IT in accounting
Public sector accounting & IT · JAMB, WAEC, NECO
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