Syllabus content and objectives
Official JAMB Principles of Accounting outline · Section D: Public Sector Accounting and Accounting Technology
Contents / notes
- Accounting basis in the public sector
- Sources of government revenue
- Capital and recurrent expenditure
- Consolidated Revenue Fund
- Statement of assets and liabilities
- Responsibilities and powers of the Accountant General
- Responsibilities and powers of the Auditor General
- Responsibilities and powers of the Minister of Finance
- Responsibilities and powers of the Treasurer of Local Government
- Instruments of financial regulation
- Current issues in public sector Accounting: Treasury Single Account (TSA)
- International Public Sector Accounting Standards (IPSAS)
- Integrated Payroll and Personnel Information System (IPPIS)
Candidate objectives
- Differentiate between public and private sector Accounting.
- Identify the sources of government revenue.
- Differentiate between capital and recurrent expenditure.
- Calculate the Consolidated Revenue Fund and determine the values of assets and liabilities.
- Identify the duties of the Accountant General, Auditor General, Minister of Finance and Treasurer of Local Government.
- Distinguish between elements of control in government Accounting procedures, such as warrants, votes, budgets and due process certificates.
- Understand current trends in public sector Accounting.
Practice Past Questions on this Topic
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