The JAMB 2025 areas of concentration for Principles of Accounts include a wide range of topics related to accounting and financial management. Some of the key areas that candidates are expected to focus on during their studies and exam preparation include:
Nature and significance of bookkeeping and accounting: This includes an understanding of the basic principles and concepts of accounting, the role of accounting in business, and the different types of accounts and financial statements.
Principles of double entry: This involves an understanding of the principles of debit and credit, the different types of accounts, and how to record transactions in the general ledger.
Cash book: This covers the recording of cash transactions in a cash book, the different types of cash books, and the importance of maintaining accurate cash records.
Bank transactions and reconciliation statements: This includes an understanding of the different types of bank accounts, the importance of bank reconciliation, and how to prepare a bank reconciliation statement.
Final accounts of a sole trader: This involves an understanding of the different components of a final account, the preparation of a trading and profit and loss account, and the preparation of a balance sheet.
Stock valuation: This covers the methods of valuing inventory, including the first-in, first-out (FIFO) and last-in, first-out (LIFO) methods.
Control accounts and self-balancing ledger: This involves an understanding of control accounts, how they are used in accounting, and how to maintain a self-balancing ledger.
Incomplete records and single entry: This covers the preparation of accounts for businesses that do not maintain a full set of accounting records, and the use of single entry bookkeeping methods.
Manufacturing accounts: This includes an understanding of the different types of manufacturing costs, how to prepare a manufacturing account, and how to calculate the cost of goods sold.
Accounts of not-for-profit-making organizations: This involves an understanding of the accounting requirements for non-profit organizations, including the preparation of receipts and payments accounts and income and expenditure accounts.
Departmental accounts: This covers the preparation of accounts for different departments within a business, and the allocation of expenses and revenues.
Branch accounts: This includes an understanding of the accounting requirements for businesses with multiple branches, and the preparation of branch accounts.
Partnership accounts: This covers the preparation of accounts for partnerships, including the preparation of a profit and loss appropriation account and the distribution of profits and losses.
Public sector accounting: This involves an understanding of the accounting requirements for government and public sector organizations.
Information technology in accounting: This covers the use of technology in accounting, including the use of accounting software, electronic data interchange, and electronic funds transfer.
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