2023 WASSCE: Final Projected Topics For Financial Accounting

The 2023 WASSCE Financial Accounting paper will be written on Tuesday, 29th August, 2023. The exams will start at exactly 8:30 am. We have once again compiled some likely topics for all students. These projected topics will give you the specific areas WAEC usually concentrate when setting Financial Accounting questions.

Take advantage of our projected topics and get the best grades in the WASSCE.

READ ALSO: 9 Heavily Pregnant Candidates Sit For BECE At Effutu

PROJECTED TOPICS

1. Introduction to financial accounting/concepts

2. Control accounts and self-balancing ledgers

3. Partnership and company accounts

4. Departmental and branch accounts

5. Financial system

6. Single entry and incomplete records

7. Accounts of Not-for-profit making organizations

8. The Final accounts of a sole trader/proprietorship

9. Information Technology in Accounting

10. Provisions and Reserves

11. Bank Reconciliation Statement

12. Company Accounts

13. Partnership Account

LIKELY QUESTIONS

1. (a) State two ratios which fall under the following classification of accounting ratios:
(i) profitability;
(ii) activity;
(iii)liquidity;
(iv) investment;
(v) leverage

(b) Outline:
(i) three uses of accounting ratios;
(ii) two limitations in the use of accounting ratios.

READ ALSO: SHS 2 Students In Single Track Schools To Vacate Next Week

2.(a) What is a manufacturing account?
(b) Explain the following terms:
(i) prime cost;
(ii) factory overheads;
(iii) work-in-progress;
(iv) cost of goods transferred;
(v) finished goods;
(vi) profit on manufacturing.

3. Explain the following terms as they are used in contract accounts:
(a) Notional profit;
(b) Retention money;
(c) Progress payments;
(d) Work certified;
(e) Work-in-progress

Study Timetable For Business Students

Candidates can use the study Timetable below to help in their studies. This study timetable covers all the subjects offered by Business students in Ghana.