Perfect Guide Series JUPEB ACCOUNTING

A.E. AKINOLA, S. BELLO

157 pages

This revised edition of JUPEB Accounting in the Perfect Guide Series has been rewritten to match the Joint Universities Preliminary Examination Board syllabus for 2027–2031 (J131 Accounting). Every topic and objective in the syllabus is taught in the text, and the book follows the order in which the courses are taken: • Part One – ACC 001: Basic Financial Accounting (first semester) • Part Two – ACC 002: Basic Cost and Management Accounting (first semester) • Part Three – ACC 003: Basic Auditing (second semester) • Part Four – ACC 004: Basic Principles of Nigerian Taxation (second semester) The main changes from the previous edition are: a new chapter on Selected International Accounting Standards (IAS 1 and IFRS 18, IAS 2 and IAS 16) and fuller treatment of the standard-setting bodies and the IASB Conceptual Framework; all financial statements presented in the vertical format with IFRS terminology; new chapters on process costing, cost book-keeping (integrated and interlocking systems) and standard costing and variance analysis, with the high-low method; a new chapter on the non-audit services of the auditor; the legal framework of auditing rewritten under the Companies and Allied Matters Act 2020; and the whole of the taxation course rewritten under the four 2025 tax Acts – the Nigeria Tax Act, the Nigeria Tax Administration Act, the Nigeria Revenue Service (Establishment) Act and the Joint Revenue Board of Nigeria (Establishment) Act – including a new chapter on tax jurisdictions. All worked examples use Nigerian businesses and the naira. Each chapter opens with a JUPEB Syllabus Focus box listing what you must be able to do, and contains clear explanations, diagrams, formulas set as mathematical equations, Worked Examples with full solutions, comparison tables, Exam Tips, Common Traps and Revision Questions. Answer guides to all revision questions and a glossary of key terms are at the back of the book. Laws, rates and thresholds change. The taxation chapters state the law in the 2025 Acts; students should check later Finance Acts, regulations and circulars of the Nigeria Revenue Service and State tax authorities for current rates. Past JUPEB examination questions with full answers are published separately in the Perfect Guide Series past-questions volume and should be used alongside this book. We thank the teachers and students whose feedback shaped this edition. The revision was carried out by Pedagogue House.