Yomi BlackPassing Accounting in WAEC is not mainly about working harder. The format here is a written examination with an objective paper, an essay paper, and a practical or alternative to practical where the subject has one, and that decides which habits pay and which are wasted effort.
- Subject
- Accounting
- Examined by
- WAEC
- Format here
- A written examination with an objective paper, an essay paper, and a practical or alternative to practical where the subject has one
- Depth
- Senior secondary depth, three years of teaching examined in one diet
- What the grade does
- A credit, and credits are the unit almost every admission requirement is written in
- Hardest part
- It is a format subject.
- Most common loss
- Presentation. Marks are attached to the correct format of each statement, not only to the numbers.
What you are actually being measured on
The papers are a written examination with an objective paper, an essay paper, and a practical or alternative to practical where the subject has one, and they are marked by examiners against a published mark scheme, with method marks awarded for working and presentation marks for layout. The grade sits on a certificate that does not expire and that you will show for the rest of your working life.
The preparation that fits it: three years of school teaching, which means your gaps are your school’s gaps, and finding them is the first job.
Cover the ground, worst first
- The accounting equation and double entry.
- Books of original entry and ledgers.
- The trial balance and correction of errors.
- Final accounts for sole traders.
- Partnership, company and not-for-profit accounts.
- Depreciation, provisions and adjustments.
- Manufacturing and departmental accounts.
How to weight your time
Objective and a theory-and-practice paper.
Split your preparation in roughly that proportion, then adjust towards whichever component your diagnostic exposed.
Learn the statement formats until you can draw them blank. Then fill them in.
A six-week plan
- Week one. A full past paper under time, in this examination’s format. Mark it honestly. Tag every error.
- Week two. The topics your teaching never covered. Highest return per hour.
- Week three. Drill the three losses above until they stop happening.
- Week four. A second full paper. Compare the error pattern with week one.
- Week five. Your weakest component, whether that is the practical, the essay or the objective paper.
- Week six. A third paper, then consolidation. No new material.
What the grade buys you
Here the grade is a credit, and credits are the unit almost every admission requirement is written in. Accounting is required for accounting, banking and finance, business administration, economics and actuarial science, and it is checked individually at admission. One diet a year for school candidates, so there is no second attempt inside the same admission cycle.
Quick answers on Accounting
Where do I get the official syllabus?
From WAEC, on its own site, free. Check the year range on the cover before you use it.
How long do I need?
Six focused weeks will move a grade if the work is aimed at what your diagnostic paper exposed. Six months aimed at topics you already know will not.
Should I get a tutor for this subject?
If your problem is that the topic was never taught, yes, and specifically for those topics. If your problem is presentation or pacing, a tutor helps less than timed practice against the mark scheme.
Is Accounting compulsory?
No. It is a business subject, chosen as one of your electives, and you should choose it because a course you want names it.
What is it required for?
Accounting, banking and finance, business administration, economics and actuarial science.
How many papers are there?
Objective and a theory-and-practice paper.
What makes it hard?
It is a format subject. A candidate who understands the transaction but presents the statement wrongly loses more marks than one who presents it correctly with a small error.
What is the most common way candidates lose marks?
Presentation. Marks are attached to the correct format of each statement, not only to the numbers.
What makes the subject hard
It is a format subject. A candidate who understands the transaction but presents the statement wrongly loses more marks than one who presents it correctly with a small error.
That changes the plan. A subject that punishes presentation needs practice in presentation. A subject that compounds needs its foundations fixed first. More hours on the wrong layer produce the same result as none.
The three losses to eliminate first
- Presentation. Marks are attached to the correct format of each statement, not only to the numbers.
- Leaving out the workings, which are separately credited.
- Arithmetic slips that carry through the whole statement.
Each is worth more than an extra topic learned, because they are losses on material you already know. Fixing a habit converts work you have already done into marks you are currently not getting.
- WAEC Accounting: syllabus
- WAEC Accounting: past questions
- All WAEC subjects
- WAEC syllabus, all subjects
- WAEC grading and what counts as a credit
Sources
- The West African Examinations Council, Nigeria. Entry regulations for WASSCE. waecnigeria.org
- The West African Examinations Council, Nigeria. Registration and entry. waecnigeria.org
- The West African Examinations Council, Nigeria. Frequently Asked Questions. www.waecnigeria.org