JAMB And WAEC Subject Combination For Accountancy – Looking for the subject combination for Accounting in JAMB and WAEC?, thinking of the schools to apply for accounting in Nigeria? wish to know the job positions available for accounting students? then you are some words away from that information.
we will give you everything you wish to know about accounting, but first, let’s take a brief overview of accounting
Overview Of AccountingÂ
Accounting is the process of recording, analyzing, summarizing, and reporting financial transactions of a business or an organization to provide the financial position and performance of a business, to enable decisions
Persons who work in this field are known as accountants and they record financial transactions such as sales, purchases, expenses, etc.
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Importance Of AccountingÂ
Here are the most outlined importance of accounting
- Accounting enables the management to make informed decisions about the allocation of resources, investment, and strategic planning
- Accounting also helps in the preparation of budgets and financial forecasts which allows business to set their financial goals
- Accounting helps to identify financial risks and challenges
- It helps to develop risk management strategies and also develop contingency plans
- The account serves as a record-keeping system, documenting the financial history of the business.
- It helps to access the financial health and performance of the business before making an investment
- It is used to evaluate creditworthiness and financial business
- It shows the revenues and expenses over a specific period
- Tracks cashflows and outflows during a specific period
WAEC Subject Combination For Accounting
Yet to register for WAEC?, Need the right subject combination for your West African Examination Council.
Here is a list of subject that is needed for WAEC
They include:
- Mathematics
- English language
- Economics
- Principles of accounts
- Commerce
- Government
- Geography
- Any other social science subjects
It is necessary to note that you need a minimum of 5credit in relevant subjects in not more than 2 sittings
JAMB Subject Combination For Accounting
The following are the subject combinations for accounting in JAMB. you have to note that the needed cut of point is 200 and above.
as such you need to have like 50 and above in each of the subjects. the subjects include d
- English language
- Mathematics
- Economics
- Â Government or commerce
Schools In Nigeria Where You Can Study AccountingÂ
The following are the universities that offer Accounting in Nigeria
- Â University of Lagos, Lagos
- Ahmadu Bello University, Zaria
- University of Ibadan, Ibadan
- Obafemi Awolowo University, Ile-Ife
- University of Nigeria, Nsukka
- Lagos State University, Ojo
- Covenant University, Ota
- University of Benin, Benin City
- Abubakar Tafawa Balewa University, Bauchi
- Bayero University Kano, Kano
- University of Ilorin, Ilorin
- Babcock University, Ilishan-Remo
- University of Jos, Jos
- Federal University of Technology, Akure
- University of Agriculture, Makurdi
- Rivers State University, Port Harcourt
- Nnamdi Azikiwe University, Awka
- Federal University of Petroleum Resources, Effurun
- Lagos Business School, Pan-Atlantic University, Lagos
- Adekunle Ajasin University, Akungba-Akoko
- Ambrose Alli University, Ekpoma
- Federal University of Agriculture, Abeokuta
- Kwara State University, Malete
- Delta State University, Abraka
- Osun State University, Osogbo
- Enugu St. University of Science and Technology
- University of Calabar, Calabar
- Bowen University, Iwo
- Kogi State University, Anyigba
- Nasarawa State University, Keffi
- Ebonyi State University, Abakaliki
- University of Uyo, Uyo
- Adeleke University, Ede
- Ekiti State University, Ado-Ekiti
- Benue State University, Makurdi
- Federal University of Technology, Minna
- Imo State University, Owerri
- University of Port Harcourt, Port Harcourt
- Akwa Ibom State University, Uyo
- Federal University, Ndufu-Alike
Places Graduates Of Accounting can workÂ
Here are the places an accounting graduate can work.
- Public Accounting Firms
- Private Accounting Firms
- Corporate Finance Departments
- Government Agencies
- Nonprofit Organizations
- Internal Audit Departments
- External Audit Firms
- Tax Consulting Firms
- Financial Planning Firms
- Investment Banks
- Commercial Banks
- Credit Unions
- Insurance Companies
- Real Estate Companies
- Management Consulting Firms
- Retail Companies
- Manufacturing Companies
- Technology Companies
- Energy Companies
- Healthcare Organizations
- Educational Institutions
- Hospitality and Tourism Industry
- Law Firms
- Telecommunications Companies
- Environmental Organizations
- Pharmaceutical Companies
- Government Regulatory Agencies
- International Organizations
- Research Institutions
- Start-up Companies
- Venture Capital Firms
- Private Equity Firms
- Financial Services Industry
- E-commerce Companies
- Agriculture and Agribusiness
- Transportation and Logistics Companies
- Sports and Entertainment Industry
- Media and Broadcasting Companies
- Construction Companies
- Consulting Firms
- Manufacturing Companies
- Gaming and Entertainment Companies
- Retail Banking
- Wealth Management Firms
- Family Offices
- Forensic Accounting Firms
- Treasury Departments
- Municipalities and Local Government
- Economic Development Agencies
- Public Relations Agencies
- Food and Beverage Industry
- Automobile Industry
- Aerospace and Defense Industry
- Social Impact Organizations
- Law Enforcement Agencies
- Publishing Companies
- Cybersecurity Companies
- Cloud Computing Companies
- Mobile App Development Companies
- Information Technology Auditing Firms
Job positions Available for Graduates Of AccountingÂ
Here is a list of job positions available for graduates of Accounting
- Â Staff Accountant
- Financial Analyst
- Auditor (Internal or External)
- Tax Accountant
- Management Accountant
- Forensic Accountant
- Budget Analyst
- Credit Analyst
- Cost Accountant
- Treasury Analyst
- Financial Controller
- Finance Manager
- Corporate Accountant
- Bookkeeper
- Payroll Accountant
- Risk Analyst
- Revenue Analyst
- Internal Auditor
- External Auditor
- Financial Planner
- Tax Consultant
- Business Analyst
- Cost Analyst
- Investment Analyst
- Compliance Officer
- Government Accountant
- Nonprofit Accountant
- Management Consultant
- Financial Reporting Analyst
- Treasury Accountant
- Senior Accountant
- Accounting Manager
- Controller
- Chief Financial Officer (CFO)
- Financial Services Consultant
- Fraud Examiner
- Business Systems Analyst
- Data Analyst (Finance)
- Mergers and Acquisitions Analyst
- Corporate Finance Analyst
Frequently Asked Question
Why is the trial balance important in accounting?
The trial balance is essential for ensuring that the debits and credits in the accounting system are equal. It is a preliminary step in the preparation of financial statements.
How is depreciation calculated?
It is calculated using methods such as straight-line, declining balance, or units of production.
What is the purpose of an audit?
An audit is conducted to provide an independent examination of financial information to ensure its accuracy and compliance with accounting standards.
ConclusionÂ
Here is a brief description of the subjects that need to be available in JAMB and WAEC for students who wish to study accounting in their university education.
For more information and inquiries you can drop a comment in the comment box below.