PRINCIPLES OF COST ACCOUNTING
AIMS AND OBJECTIVES
The aims of this examination are to test candidates’ ability to
- a) assemble, analyze and ascertain the cost of producing and procuring goods and services;
(b) develop skills for using Cost Accounting as a tool for assisting management with information needed for planning, control and decision making;
(c) show awareness of economic use of resources through costing techniques;
(d) demonstrate knowledge of basic methods of presenting cost statements.
SCHEME OF EXAMINATION
There will be two papers, Papers 1 and 2, both of which will be a composite paper to be
taken at one sitting.
PAPER 1: Will consist of fifty multiple-choice objective questions all of which must be
answered within 1 hour for of 25 marks.
PAPER 2: Will consist of nine essay-type questions. Candidates will be required to
answer five questions within 2 hours for 75 marks.
The paper will consist of two sections, Sections A and B as follows:
- Section A: Theory of Principles of Cost Accounting – four questions will be
set and candidates will be required to answer two of them for 15 marks each.
- Section B: Practices of Principles of Cost Accounting – five questions will
be set and candidates will be required to answer three of them
for 15 marks each.
YOU CAN DOWNLOAD WAEC PRINCIPLES OF COST ACCOUNTING SYLLABUS HERE
Do you have any waec subjects in which you are having difficulty understanding? You can get the tutorials from our online school in video format that you can watch and learn from both on your phone or laptop kindly contact 08039407882 to get them.
