Bookkeeping is a subject that is offered by the West African Examination Council (WAEC) for students who aspire to pursue a career in accounting, finance, business, or related fields. It involves the recording and summarizing of financial transactions of a business or organization, which is an essential skill for anyone who wants to manage or understand the financial performance of a business. The WAEC Syllabus for Bookkeeping 2024/2025 PDF Download is available for interested students.
I will be sharing with you the WAEC syllabus for bookkeeping for the academic session of 2024/2025 in this blog post. The syllabus includes the objectives, examination scheme, topics, and notes for the bookkeeping exam. Additionally, I will also suggest some useful textbooks and online resources that can assist you in preparing for the exam.
AIMS AND OBJECTIVES
The bookkeeping exam aims to test the candidates’ basic knowledge of business activities and understanding of the financial systems to establish a business and lay a good foundation for further studies. The objectives of the exam are to assess the candidates:
- knowledge of basic skills required to start a business;
- ability to appreciate the rules and functions of bookkeeping;
- ability to apply the basic knowledge and skills in bookkeeping to modern business activities.
WAEC TIMETABLE 2024/2025 PDF DOWNLOAD
SCHEME OF THE EXAMINATION
The bookkeeping exam consists of two papers, Papers 1 and 2, both of which are composite papers to be taken in one sitting.
- Paper 1: This paper consists of 40 multiple-choice questions, all of which must be answered in 50 minutes for 40 marks.
- Paper 2: This paper consists of two sections, Sections A and B, as follows:
- Section A: This section covers the theory of bookkeeping and contains four questions. Candidates are required to answer two questions for 20 marks.
- Section B: This section covers the practice of bookkeeping and contains five questions. Candidates are required to answer three questions for 60 marks.
The paper lasts for 2 hours.
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LIST OF TOPICS IN THE WAEC SYLLABUS FOR BOOKKEEPING 2024/2025
Below is the complete verified list of topics in the WAEC Syllabus for Bookkeeping 2024/2025:
- Introduction to Bookkeeping
- Concepts and Conventions in Bookkeeping
- Books for Recording Original Transactions
- Ledger and the Basics of Double Entry
- Cash Record-Keeping with the Cash Book
- Reconciliation of Bank Statements
- Balancing the Books with Trial Balance
- Detecting and Correcting Errors in Financial Records
- Financial Statements for Sole Proprietors
- Making Adjustments to Financial Statements
- Managing Control Accounts
- Single Entry System and Handling Incomplete Records
- Accounting for Not-For-Profit Organizations
- Accounting for Manufacturing Activities
- Accounting for Partnerships
- Handling Joint Ventures in Accounting
- Managing Departmental and Branch Accounts
- Introduction to Company Financial Accounts
- Analyzing Financial Statements
- Acquiring a Business: Purchase Transactions
- Accounting for Consignment Transactions
- Understanding Hire Purchase Agreements
- Accounting for Contractual Arrangements
- Financial Accounting for Cooperatives
WAEC SYLLABUS FOR BOOKKEEPING 2024/2025 PDF DOWNLOAD
Click the download button below to download the WAEC Syllabus for Bookkeeping 2024/2025 as PDF:
CONCLUSION
The WAEC syllabus for bookkeeping is an essential tool for students who aim to perform excellently in the bookkeeping exam. It outlines the scope, content, and structure of the exam, which helps the candidates to know the relevant topics and concepts they need to master. By following the syllabus, the candidates can improve their chances of scoring high marks in the bookkeeping exam.
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