NABTEB Syllabus for Financial Accounting

Are you about to write Financial Accounting in the upcoming NABTEB exam, and you are searching for the right study materials to guide you towards achieving an excellent result? NABTEB has released the right syllabus for Financial Accounting, which is a way of aiding students to prepare for the examination. The syllabus contains the right topics of lessons, a proper knowledge of the aims and objectives of each topic, and recommended textbooks carefully designed for learners’ use.

To succeed in the examination, you must have access to the right study materials. The NABTEB syllabus for Financial Accounting is a document that outlines the structure, content, and expectations of a course or subject. It serves as a roadmap for both teachers and students, detailing what will be taught, how it will be assessed, and what resources or materials are needed.

With the aid of this syllabus, you will get to have an understanding of the following: the Course Title and Description, Learning Objectives, Topics to Be Covered, Assessment Methods, Grading Criteria, Schedule or Timeline, and Required Materials.

Table of Contents

A Comprehensive Outline of NABTEB Syllabus for Financial Accounting

The NABTEB Financial Accounting syllabus is designed to provide students with a comprehensive understanding of financial record-keeping principles and practices. The examination comprises two sections:

Section A: 50 multiple-choice questions to be answered in 1 hour, accounting for 25% of the total marks.
Section B: Seven essay questions, out of which candidates are required to answer five within 2 hours and 30 minutes, making up 75% of the total marks.

The syllabus encompasses the following key topics:

Origin of Book-Keeping & Accounts: Understanding the concepts and differences between book-keeping and accounting.
Assets, Liabilities & Capital: Classification and explanation of various financial elements.
Double Entry Book-Keeping: Principles and classification of accounts.
Books of Original and Secondary Entry: Identification and explanation of various books and sales documents.
The Cash Book: Understanding different types of cash books and their postings.
The Journal: Uses and correct posting to the ledger.
Control Account: Uses and problem-solving related to financial control accounts.
Imprest Account: Preparation and entries involving petty cash.
Trial Balance: Concept, identification of errors, and preparation.
Suspense Account: Uses and preparation through problem-solving.
Accounting Concepts and Conventions: Explanation of fundamental accounting principles.
Bank Reconciliation and Statement: Preparation and understanding of differences between bank statements and cash books.
Revenue and Capital Expenditure: Identification and preparation of related accounts.
Prepayment and Accrued Expenses: Explanation and treatment in the books of accounts.
Depreciation: Methods of calculation and treatment in final accounts.
Final Accounts: Preparation of simple final accounts.
Partnership Transactions: Distinguishing between different business forms and preparation of final accounts.
Book-Keeping Entries Relating to Income Tax: Explanation and treatment of tax entries.
Containers Account: Preparation of containers, trading, and stock accounts.
Manufacturing Accounts: Preparation of manufacturing accounts.
Single Entry & Incomplete Records: Distinction and understanding.
Accounts of Non-Profit Making Organizations: Preparation of various accounts and balance sheets.
Company Accounts: Explanation and preparation.
Departmental & Branch Accounts: Explanation and preparation.
Hire Purchase Accounts: Explanation and preparation.
Consignment Accounts: Preparation.
Joint Venture Accounts: Preparation.
Public Sector Accounting: Explanation of sources of public revenue.
Introduction to Data Processing: Historical development, components, and applications in accounting.

NABTEB Syllabus for Financial Accounting: Recommended Textbooks

Here are the recommended textbooks for the NABTEB Financial Accounting syllabus:

Business Accounting Vol. 1 & 2 – Frank Wood
Accounting and Finance – Frank Wood
Foundation Accounting – A. H. Millchamp
Basic Accounting – J. D. Magee
Accounting for Senior Secondary School – S. C. Malhorta, P. K. Botchweyand, P. A. Amankwah
Accounting in Business – R. J. Bull
Company Accounts – J. N. Amorin
Principles of Accounting – K. B. Appiah Mensah
Incorporated Private Partnership Act 1962, Act 152

Conclusion

The NABTEB Financial Accounting syllabus is a well-structured guide designed to equip students with the essential knowledge and skills in accounting practices. It covers foundational to advanced topics such as double-entry bookkeeping, final accounts, company and partnership accounts, public sector accounting, and data processing.

With its clear objectives and recommended textbooks, the syllabus not only prepares candidates for examination success but also lays a solid groundwork for future academic pursuits or careers in finance and accounting. Mastery of this syllabus ensures a comprehensive understanding of financial systems and real-world applications.