-
Ikiodiete George
- 2 Min Read
Waec | Gce Syllabus For Accounting Exam + Success Tips (2025/2026)
If you're preparing for the 2025/2026 WAEC or GCE Accounting exam, this complete syllabus guide covers all the key areas, recommended topics, and practical success tips. Mastering the syllabus will help you answer questions confidently and score high.
WAEC | GCE Accounting Syllabus 2025/2026
The WAEC Accounting syllabus focuses on equipping candidates with a solid understanding of bookkeeping, financial records, and basic accounting principles.
| Syllabus Areas | Topics Covered |
|---|---|
| Introduction to Accounting | - Meaning and objectives of accounting - Users of accounting information |
| Principles & Concepts | - Accounting concepts & conventions - Double entry system |
| Books of Original Entry | - Sales & purchases journals - Cashbook, petty cashbook |
| Ledger Accounting | - General ledger - Sales & purchases ledger - Nominal accounts |
| Bank Reconciliation | - Causes of differences - Preparation of bank reconciliation statements |
| Control Accounts | - Sales ledger control account - Purchases ledger control account |
| Final Accounts | - Trading, profit & loss accounts - Balance sheet preparation |
| Depreciation Accounting | - Straight-line method - Reducing balance method |
| Incomplete Records | - Preparation of statements from incomplete data |
| Partnership Accounts | - Admission, retirement & dissolution of partners |
| Company Accounts | - Issue of shares - Final accounts of limited liability companies |
Key Areas to Focus On
-
Books of Original Entry
Understand how to prepare and use different journals and books. -
Ledger and Double Entry Principles
Practice posting transactions using the double-entry system. -
Preparation of Final Accounts
Learn step-by-step preparation of trading, profit & loss accounts, and balance sheets. -
Bank Reconciliation & Control Accounts
Study causes of discrepancies and adjustments. -
Depreciation and Incomplete Records
Master methods and solve past questions.
Study Timetable Suggestion
| Study Period | Topics to Focus On |
|---|---|
| Weeks 1 – 3 | Books of Original Entry, Ledger Accounts |
| Weeks 4 – 6 | Final Accounts, Bank Reconciliation |
| Weeks 7 – 8 | Depreciation, Control Accounts, Revision |
Success Tips for WAEC | GCE Accounting 2025/2026
-
Solve Past Questions:
Practice regularly with previous exam papers. -
Master Key Formats:
Know the correct formats for profit & loss accounts and balance sheets. -
Practice Bank Reconciliation:
This is a frequently asked question – ensure you're confident in solving it. -
Understand Double Entry:
This is the foundation of accounting – learn it thoroughly. -
Memorize Accounting Terms:
Pay attention to definitions and uses of key accounting terms.
Sample Accounting Final Accounts Table
| Account Name | Purpose |
|---|---|
| Trading Account | Calculates gross profit |
| Profit & Loss Account | Calculates net profit |
| Balance Sheet | Shows assets, liabilities & capital status |
FAQs About WAEC | GCE Accounting 2025/2026
Q1: How many papers are there in WAEC Accounting?
There are two papers: Objective and Essay (Theory) sections.
Q2: Are control accounts compulsory to study?
Yes, they are a key syllabus area.
Q3: What’s the best way to prepare?
Solve past questions and focus on practical exercises daily.
Conclusion
By following the 2025/2026 WAEC & GCE Accounting syllabus carefully, and focusing on key practical topics like journals, ledgers, final accounts, and reconciliation, you can pass the exam with ease. Solve past questions and work on mastering calculations and formats.
