The National Business and Technical Examinations Board (NABTEB) has officially released the syllabus for all subjects ahead of the upcoming examination session. One of these subjects is Financial Accounting, and candidates preparing for it are strongly encouraged to make good use of the updated syllabus.
This syllabus outlines the exact topics NABTEB will focus on in the exams, so it’s important to use it as your main guide during revision. Studying with the syllabus helps you stay on track, avoid distractions, and concentrate on what really matters for success in the exam.
If you haven’t seen the NABTEB Syllabus for Financial Accounting yet, just keep reading. You’ll find the full syllabus below, along with a list of recommended textbooks that can help you prepare better.
NABTEB Financial Accounting Syllabus
| Section | Exam Focus Areas |
|---|---|
| 1. Introduction to Accounting | Meaning, objectives, functions, and users of accounting information |
| 2. Accounting Concepts | Principles such as going concern, consistency, prudence, and accrual basis |
| 3. Double-Entry System | Rules of debit and credit, ledger entries, and balancing of accounts |
| 4. Source Documents & Journals | Use of receipts, invoices, credit notes, and various books of original entry |
| 5. Subsidiary Books | Purchases, sales, returns, cash book, and petty cash records |
| 6. Ledger & Trial Balance | Posting transactions, correcting errors, and extracting trial balances |
| 7. Adjustments | Treatment of depreciation, accruals, prepayments, bad debts, and provisions |
| 8. Final Accounts | Preparation of trading, profit & loss accounts, and balance sheet |
| 9. Bank Reconciliation | Identifying discrepancies and preparing bank reconciliation statements |
| 10. Control Accounts | Construction and use of sales and purchase ledger control accounts |
| 11. Partnership Accounts | Admission, retirement, profit/loss sharing, and preparation of final accounts |
| 12. Company Accounts | Share capital, reserves, income statements, and balance sheet for companies |
| 13. Manufacturing Accounts | Cost classification, calculation of cost of production, and preparation of accounts |
| 14. Incomplete Records | Identifying missing figures and converting single-entry to double-entry |
| 15. Public Sector Accounting | Characteristics, fund types, and basic comparison with private sector accounting |
| 16. ICT in Accounting | Application of computers in bookkeeping and accounting software basics |
To succeed in your NABTEB Financial Accounting exam, follow the official syllabus closely. It outlines all the key topics NABTEB expects you to study, so sticking to it will help you stay focused and well-prepared.
Also, using the right textbooks makes a huge difference. These books explain the topics in detail and give you practice questions to test your understanding. Check below for the list of recommended textbooks you can use to boost your chances of passing the exam.
Recommended Textbooks
- Amorin, J. N. (n.d.). Company accounts.
- Appiah-Mensah, K. B. (n.d.). Principles of accounting.
- Bull, R. J. (n.d.). Accounting in business.
- Magee, J. D. (n.d.). Basic accounting.
- Malhorta, S. C., Botchweyand, P. K., & Amankwah, P. A. (n.d.). Accounting for senior secondary school.
- Millchamp, A. H. (n.d.). Foundation accounting.
- Wood, F. (n.d.). Accounting and finance.
- Wood, F. (n.d.). Business accounting(Vols. 1 & 2).
- Government of Ghana. (1962). Incorporated Private Partnership Act, 1962 (Act 152).
The NABTEB Financial Accounting syllabus covers essential accounting skills needed for business and further studies. It ensures candidates are well-prepared for both the theoretical and practical aspects of the NABTEB Financial Accounting exam. With consistent practice using the syllabus and a focus on problem-solving, candidates can excel in the exam.
Ensure you focus on the weaker areas, seek clarification on challenging topics, join study groups for collaborative learning, and time yourself as you take mock examinations. For further clarification/inquiries, visit the official NABTEB website for resources and assistance.
If you found this information helpful, please share this post with other candidates who are also preparing for the NABTEB exams. It could help them learn about the key topics they need to focus on for Financial Accounting.
