Introduction to Company Accounts

Contents & notes: what this topic covers

Under Introduction to Company Accounts, the JAMB Principles of Accounts syllabus expects you to study:

• 16. Introduction to Company Accounts a. Formation and classification of companies b. Issue of shares and debentures c. Final accounts of companies:

Study notes & guidance

Study Introduction to Company Accounts using a recommended Principles of Accounts textbook that follows the JAMB syllabus. Work through the contents listed above one by one, make brief notes in your own words, and then practise as many questions on this topic as you can — in Principles of Accounts, understanding and steady practice matter far more than memorising. Use the objectives below as a checklist: if you can do each one confidently, you have mastered this topic.

Objectives — candidates should be able to

After studying Introduction to Company Accounts, you should be able to:

1. Differentiate between types of companies;
2. Identify the procedures of treating the issue of shares and debentures;
3. Compute the elements of final accounts of companies; and
4. Compute and interpret Accounting ratios such as current, acid test and stock turnover. OBJECTIVES

These objectives are from the official JAMB syllabus. Use them as a checklist — if you can do each one confidently, you have mastered this topic.

Source: official JAMB UTME Principles of Accounts syllabus (IBASS, jamb.gov.ng). Reproduced for study use. Last checked: 17 Sept 2026. Always confirm the current syllabus on the official portal.