WAEC Store Management Syllabus 2026/2027 & Textbooks

By WAEC2026 November 18, 2025 Blog, WAEC Syllabus 2026, WAEC Textbooks 0 Comments

The WAEC Store Management Syllabus 2026/2027 & Textbooks: topics such as the overview of storekeeping, equipment and facilities, warehousing, requisitioning, inventory control, stock valuation, and identification of store items. The syllabus is structured around these core areas to assess a candidate’s understanding of store management principles and practices.

Contents

1 Aims and Objectives
2 Examination Guides
3 WAEC Store Management Syllabus 2026/2027
4 Recent Posts

Aims and Objectives

Candidates must have an Understanding of the rudiments of running a store and entrepreneurial skills
Candidates must have an Understanding of the concepts of wholesaling and retailing, basic business documents, and how to handle business finance
Candidates must develop the Ability to relate concepts learned to control stock, keep records and manage business risk.

Examination Guides

There will be two papers, Paper 1 and Paper 2, which will be combined into a composite paper and taken in one sitting.

PAPER 1 will consist of fifty multiple-choice questions, which will last for 1hour and carry 50 marks.

PAPER 2 will consist of seven essay questions, of which candidates will be required to answer any five in 2 hours for 100 marks.

WAEC Store Management Syllabus 2026/2027

MAIN TOPIC	SUBTOPICS / KEY POINTS
Introduction to Store Management	• Meaning of store management • Importance of store management
Store Management	• Functions of a store manager • Characteristics of a store manager
Customer Services	• Pre-sale services • After-sale services
Functions of Management	• Planning • Organization • Leading • Staffing • Controlling
Factors in Establishing a Store	• Market • Finance • Types of stock • Transport • Accessibility • Security • Government regulation • Personnel
Retailing	• Definition • Functions of a retailer
Wholesaling	• Definition • Functions of a wholesaler
Warehousing	• Meaning of warehousing • Types of warehousing • Importance of warehousing
Transportation	• Definition • Means of transportation • Advantages & disadvantages of each means • Factors determining transport choice
Stock Control – Introduction	• Meaning of stock control • Importance of stock control
Types of Stock Records	• Stock list • Bin card / Store card • Store requisition form • Delivery note
Methods of Stock Control	• Manual method • Periodic, perpetual & annual stocktaking • Computerized method
Levels of Stock Control	• Maximum level • Minimum level • Reorder level
Issuing of Stock	• FIFO • LIFO
Pricing	• Definition • Types of pricing: skimming, mark-up, mark-down, penetration, below/above-mark pricing
Organizational Policy	• Definition • Employment policy • Decision making • Customer services • Public relations
Organizational Standards	• Definition of standards • Productivity standards • Standards for customer satisfaction
Organizational Culture	• Definition & explanation • Attitude to customers • Relationship with co-workers • Relationship with boss • Dress code
Business Communication	• Definition of communication • Types: oral, written, non-verbal • Business documents: letters, memos, reports, circulars
Electronic Communication	• Definition • Means: fax, telephone, email, radio messages
Word Processing	• Using a computer to write business letters
Business Law – Overview	• Definition of business law
Law of Contract	• Elements of a contract • Rights & obligations of employer and employee
Agency	• Definition • Types • Creation of agency • Rights & obligations of principals and agents
Sale of Goods Act	• Contract of sale • Formalities of sale
Government Regulation of Business	• Patent rights • Copyright • Trademark • Health & Safety at Work Act • Consumer protection agency • Licensing
Government Regulatory Agencies	• NAFDAC • NDLEA • SON
Record Keeping – Documentation	• Filing and indexing: meaning, rules, methods • Source documents: invoices, receipts, cheques, vouchers
Trade Documents (Foreign Trade)	• Bills of Lading • Certificate of Origin • Consular invoice • Insurance certificate • Inspection certificate • Bills of Exchange • Indent • Letter of Credit • Proforma invoice
Trade Documents (Home Trade)	• Order • Enquiry • Waybill • Consignment note • Manifest • Invoice • Proforma invoice • Receipts • Credit & debit note • Vouchers
Bookkeeping – Subsidiary Books	• Meaning, types, uses • Purchase & sales day books • Returns inwards & outwards • Cash books
Imprest System	• Definition • Explanation • Preparation of petty cash book
Final Accounts	• Definition & purpose • Simple Trading Account • Profit & Loss Account • Balance Sheet
Sales / Turnover	• Meaning • Calculation of sales turnover rate
Risk Management	• Definition • Methods • Sound management practices • Risk reduction – optimum stock level • Hedging • Insurance (risk transfer)
Handling Finances of the Store	Investments: meaning; Capital investment: meaning, capital market, stock exchange functions, advantages of shareholding
Money Market Instruments	• Meaning • Treasury bills • Commercial papers • Bonds
Taxation	• Meaning of tax • Importance of tax • Types: income tax, import duties, excise duties, VAT

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