Post-UTME Financial Accounting: topics to study
22 topics in 5 sections. In Post-UTME screening, the test is usually multiple choice on English and your three UTME subjects, set by the school you applied to.
How to study Financial Accounting for Post-UTME
Financial Accounting is a practical subject. Work through full questions (ledgers, trial balances, final accounts) by hand until the layouts are automatic.
Post-UTME Financial Accounting topics
1.Foundations
- Nature and purpose of accounting
- Accounting concepts and conventions
- Source documents
- Books of original entry
2.Double Entry and Ledgers
- Double-entry bookkeeping
- The ledger
- Trial balance
- Errors and suspense accounts
- Bank reconciliation
- Control accounts
3.Final Accounts
- Final accounts of a sole trader
- Adjustments (accruals, prepayments, bad debts)
- Depreciation
- Incomplete records
4.Other Organisations
- Partnership accounts
- Company accounts
- Accounts of not-for-profit organisations
- Manufacturing accounts
- Departmental and branch accounts
5.Analysis and Public Sector
- Interpretation of accounts (ratios)
- Public sector accounting
- Computerised accounting
This outline follows the structure of the official syllabus. Check your school's screening notice for the exact subjects and topics.