2020 WAEC Syllabus For Financial Accounting – Free PDF Download Document

Financial Accounting is a core subject offered in Secondary schools in Nigeria by students in commercial classes. It is one of the most important and interesting subjects is for students seeking for admission into higher institution to study Accounting if well paid attention to.

The truth is, without in-depth knowledge of this subject, many students upon gaining admission into either polytechnics or Universities will find it difficult to cope with the demands of this subject and a way of doing so is knowing what is required by the officiating body (WAEC) from students which can only be done by having with you, a copy of the latest WAEC syllabus for Accounting.

Judging from the importance, we though it necessary to make available for free, the approved 2020/2021 WAEC syllabus for Accounting in a PDF downloadable format for all potential WAEC candidates.

To pass Accounting, candidates must be aware of how the examination is set because this would help him or her in focusing on the right topics and know what is expected of them by the examiner. One of the strategies of passing Accounting as a subject in WAEC is for you to be aware of the approved WAEC syllabus for Accounting which is what we are about to reveal below.

So far, we have been able to identify the need for students to have at their disposal, the 2020/2021 WAEC syllabus for Accounting for the current academic session and work alongside the information provided in the syllabus as this would assist WAEC candidates to channel their energy towards the most likely examination questions.

2020 WAEC Syllabus For Financial Accounting - Free PDF Download Document 1

Financial Accounting syllabus for WAEC is simply a guide on how to approach the examination, what to expect in the examination and how the examination will be set so students are not caught unaware. Back in the days most especially in the early and late 90s when internet was a big deal, WAEC candidates could not place their hands WAEC syllabuses for Accounting, today it is a different situation because the internet has been flooded with valuable materials for students to download at their comfort zones.

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The latest WAEC syllabus for Accounting is largely required by students in SSS (Senior Secondary Schools) since they are preparing for their West African Senior Secondary Certificate Examination (WASSCE) however, this is not to rule out the fact that it cannot be used even before the exams, to be better prepared, having the Accounting syllabus at your disposal before the West African Senior Secondary Certification Examination proper is at the candidate’s advantage because it will serve as a guide and help you streamline your reading pattern and know where to focus your strength based on the topics and sub topics with the highest marks and lastly it would give you a list of recommended reading text books not just for Accounting but their respective writers.

So far, we have been able to draw a conclusion that more than 50% of potential WAEC candidates who stick to the approved WAEC syllabus for Accounting usually come out in flying colours than those categories of candidates who just read for the sake of studying for examination. In order to encourage the former, we though it wise in taking extra steps in making this material available online for free in PDF format, that is, candidates can now download for free, the approved WAEC syllabus for Accounting with no extra cost attached nor hidden charges.

We have already made available on our blog the 2020 WAEC syllabus for General Mathematics, Biology, Government, Economics and other subjects and you can download them all for free too as they are all available for free in PDF format and it is most beneficial for all students. We are on the verge of making the WAEC syllabus for all subjects offered in secondary school available but we shall be breaking them down in a systematic order for ease of understanding for candidates.

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For the sake of this post, we will be providing the 2020/2021 WAEC syllabus for Financial Accounting but let us make it clear to you that we have the WAEC syllabus for the following subjects;

  1. 2020 WAEC Syllabus for Accounting
  2. WAEC 2020 Syllabus for Economic
  3. WAEC Syllabus for Biology for 2020/2021 session.
  4. 2020 WAEC Syllabus for Physics
  5. WAEC Syllabus for all Science Subjects
  6. 2020 WAEC Syllabus for all Art Subjects
  7. WAEC Syllabus for Chemistry

WAEC Syllabus For Financial Accounting 2020/2021 Session

Having the 2020 WAEC syllabus for Accounting at your disposal alongside dedication to your studies, candidates are sure of being successful in the West African Senior Secondary Certificate Examination. For the sake of this post as said at the beginning of this write up, we will be making available for candidates, the approved 2020 WAEC syllabus for Financial Accounting below, we will give a summary of what the 2020 WAEC syllabus for Accounting contains before providing a free PDF document download link containing details of what to expect in the coming examination.


The examination in this subject sets out to assess candidates’

  • understanding of accounting principles and the role of accounting in recording business  transactions;
  • appreciation and application of the rules and functions of Accounting as they apply to organization;
  • foundation for further studies in Accounting.

There will be two papers – Paper 1 and Paper 2, both of which will constitute a composite paper to be taken at one sitting.

PAPER 1: Will comprise fifty multiple choice questions, all of which should be answered  in 1 hour for 25 marks.

PAPER 2: Will be made up of two sections, Sections A and B and will last 2½ hours.

Section A: Will contain four essay questions on Theory of Financial Accounting.  Candidates will be required to answer two out of the four questions for 15 marks each.  

Section B: Will contain five essay questions on Financial Accounting Practice. Candidates will be required to answer three out of the questions for 15 marks each.

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How To Download The 2020 WAEC Syllabus For Financial Accounting

To download the syllabus, simply click on the link below and you will be directed to the PDF document of the complete WAEC syllabus for Accounting, see below;

Click on 2020 WAEC Syllabus For Financial Accounting (PDF File)

When you enter the above link, a preamble of the syllabus is the first information before you will see the aims and objective of the 2020 WAEC syllabus for Financial Accounting, furthermore, a detailed marking scheme and marks allotted to various topics have also been described in the syllabus.

Lastly, the WAEC recommended text books for Accounting is also made available, this helps candidates focus and align with what is expected of them in the examination which in turn makes marking easier for WAEC examiner.

We hope the above has been helpful so far? hence, you are satisfied with the information. Questions are however entertained here so if you have questions as regards the WAEC 2020 Syllabus for Financial Accounting, kindly get through to us through the comment section below and we shall respond accordingly.

Best of luck to all students.

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