Waec syllabus for principles of cost accounting 2023 2024 pdf download

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The WAEC syllabus for Principles of Cost Accounting is a crucial resource for students preparing for the West African Senior School Certificate Examination (WASSCE). Here's the syllabus for 2023-2024:

Principles of Cost Accounting (405/1)

Objectives:

1. To understand the concept of cost accounting and its importance in business decision-making.
2. To identify and classify costs into different categories.
3. To calculate and analyze various cost elements, including direct and indirect costs.
4. To apply cost accounting techniques to solve business problems.

Course Outline:

Section A: Multiple Choice Questions (40 marks)

1. Introduction to Cost Accounting (5 marks)
   • Definition and importance of cost accounting
   • Types of cost accounting
2. Cost Classification (10 marks)
   • Direct and indirect costs
   • Fixed and variable costs
   • Semi-variable costs
3. Cost Elements (10 marks)
   • Direct materials cost
   • Direct labor cost
   • Overhead cost
   • Other cost elements (e.g., depreciation, amortization)
4. Cost Analysis (10 marks)
   • Cost-volume-profit (CVP) analysis
   • Break-even analysis
   • Cost-benefit analysis
5. Cost Accounting Techniques (5 marks)
   • Job costing
   • Process costing
   • Standard costing

Section B: Essay Questions (60 marks)

1. Cost Classification and Analysis (20 marks)
   • Identify and classify costs into different categories (direct, indirect, fixed, variable, etc.)
   • Calculate and analyze various cost elements (e.g., direct materials cost, direct labor cost, overhead cost)
2. Cost Accounting Techniques (20 marks)
   • Apply job costing to a given scenario
   • Apply process costing to a given scenario
   • Apply standard costing to a given scenario
3. Case Study (20 marks)
   • Analyze a given case study and apply cost accounting principles to solve a business problem

Assessment Criteria:

• Multiple Choice Questions: 40 marks
  • Correct answers: 1 mark each
• Essay Questions: 60 marks
  • Clarity and coherence of writing: 10 marks
  • Depth and accuracy of analysis: 20 marks
  • Application of cost accounting principles: 20 marks
  • Presentation and organization: 10 marks

Recommended Textbook:

• "Cost Accounting" by Dr. A. A. Akindele and Dr. O. A. Akindele (published by Longman Nigeria)

Additional Resources:

• WAEC Past Questions and Answers
• Online resources (e.g., video lectures, online tutorials)

Tips for Students:

• Familiarize yourself with the syllabus and course outline
• Practice solving multiple-choice questions and essay questions
• Review and analyze past questions and answers
• Use online resources to supplement your learning
• Attend classes regularly and participate in discussions

Remember to stay focused, work hard, and stay calm during the exam. Good luck!