Welcome to the SS 1 Financial Accounting Notes section. This category contains well-organized and syllabus-based class notes for first, second, and third term.
The notes are tailored to meet the current WAEC and NECO standards, helping students understand key accounting principles and prepare for exams with confidence.
Each term’s note covers core topics such as introduction to accounting, source documents, double entry, cashbook, ledger, trial balance, and more.
These materials are ideal for students, teachers, and anyone preparing for financial accounting exams in Nigeria.
Download the SS 1 Financial Accounting notes for 1st, 2nd, and 3rd term based on WAEC and NECO syllabus. Easy-to-read and exam-ready school notes.
There are several organizations that are established and run for the purposes of meeting the social, cultural, health and , at times, educational needs of the citizens. Such organizations are… Read More »ACCOUNTS FOR NOT-FOR-PROFIT ORGANIZATIONS LEARNING OBJECTIVES
Introduction This topic is about how to prepare trading, profit and loss account under an incomplete record or single-entry accounting system. Meaning This is system of accounting of financial transactions… Read More »SINGLE ENTRY AND INCOMPLETE RECORDS
Under a situation whereby a firm or business accounting records were destroyed as a result of fire, flood or any other forms of natural disasters, such firm or business could… Read More »ACCOUNTING RATIOS AND INCOMPLETE RECORDS
Partnership changes usually occur during a financial year and the accounting records are contrived without interruption. Final accounts are prepared at the end of the financial year. When a partner… Read More »ADMISSION OF NEW PARTNER AND RETIREMENT OF AN EXISTING PARTNER IN CONTINUING BUSINESS
Goodwill is the amount by which the value of a business as a going concern exceeds the value of its net assets, if they were sold separately. It is an… Read More »GOODWILL