2022/2023 Second Term Financial Accounting Scheme Of Work For SS1

financial accounting

UNIFIED SCHEME OF WORK FOR FINANCIAL ACCOUNTING

CLASS: SENIOR SECONDARY SCHOOL ONE

TERM: SECOND TERM SCHEME OF WORK

WEEK 1

Revision and General cleaning of School

WEEK 2

TOPIC

Discounts

CONTENT

  • Meaning and types of discount
  • Reasons for granting a discount
  • Calculation  of discount
  • Discount allowed and discount received
  • Cash, trade, quantity, and seasonal discounts  

BEHAVIOURAL OBJECTIVES

Learners  should be able to:

  • Define discount
  • State the types of discount
  • State reasons for granting a discount
  • Calculates discount
  • Explain cash, trade seasonal, and quantity discount

INSTRUCTIONAL MATERIALS

  • Chalkboard
  • Textbooks
  • Invoices
  • cata loge 

TEACHERS ACTIVITIES

  • Define discounts
  • State the types of discount
  • Guide student to calculates various types of discount
  • Explains classes of discounts

LEANER’S ACTIVITIES

State types of discount

  • Work example on discounts
  • Copy notes

WEEK 3

TOPIC

Cash book (Three columns)

CONTENT

  • Meaning of three-column cash book
  • Working exercise on three-column cash book

BEHAVIOURAL OBJECTIVES

  • Identify the form of the three-column cash book
  • Post transactions into three column cash book

INSTRUCTIONAL MATERIALS

  • Chart
  • Bank statement
  • Invoices
  • Receipts
  • Textbook
  • Chalkboard

TEACHERS ACTIVITIES

  • Illustrates three-column cash book
  • Guides the learners to work on as many exercises as possible 

LEANER’S ACTIVITIES

  • Work example based on three-column cash book
  • Determines discount allowed and discount received in the three columnar cash book

WEEK 4

TOPIC

Cash book (Petty cash book)

CONTENT

Meaning

  • Terminologies e.g floats, imprest, etc
  • Working exercise on petty cash book

BEHAVIOURAL OBJECTIVES

  • Define petty cash book
  • Post transactions into petty cash book on the imprest system
  • Distinguish between ordinary petty cash book and cash book on the imprest system

INSTRUCTIONAL MATERIALS

  • Charts
  • Receipts
  • Invoices
  • Chalkboard
  • Textbook

TEACHERS ACTIVITIES

Illustrates petty cash book

  • Explain float
  • Guides the learners to work on as many exercises as possible

LEANER’S ACTIVITIES

  • Define float
  • Work examples on petty cash book
  • Copy worked examples from the chalkboard

WEEK 5

TOPIC

Bank reconciliation statement

CONTENT

  • Meaning and purpose for the preparation of bank statement
  • Terminologies in bank reconciliation statement e.g unpresented  cheque, uncredited cheque, etc
  • Reasons for differences between cash book balance and bank statement balance 

BEHAVIOURAL OBJECTIVES

  • Define bank statement and bank reconciliation statement
  • Explain the terminologies in bank reconciliation
  • State the reason for differences in cash book balance and bank statement balance

INSTRUCTIONAL MATERIALS

  • Bank statement
  • Resource person
  • Chart
  • Textbook

TEACHERS ACTIVITIES

  • Explain bank statement and bank reconciliation
  • Interprets the bank statement 

LEANER’S ACTIVITIES

Write a short note on terminologies used in the bank statement

WEEK 6

TOPIC

Bank reconciliation statement

CONTENT

  • Preparation of bank reconciliation statement
  • Balance as per bank statement
  • Balance impress cash book
  • Treatment of overdraft
  • Preparation of adjusted cashbook
  • Bank reconciliation  statement

BEHAVIOURAL OBJECTIVES

Prepare a bank reconciliation statement using the three methods

  • Preparation of adjusted cash book
  • Preparation of bank reconciliation statement

INSTRUCTIONAL MATERIALS

  • Bank statement
  • Chalkboard
  • Ruler
  • Resource person

TEACHERS ACTIVITIES

  • Guides students to prepare a bank reconciliation statement
  • Prepare an adjusted cash book together with the learners 

LEANER’S ACTIVITIES

  • Work exercises on bank reconciliation
  • Prepare adjusted cash book

WEEK 7

TOPIC

Trial balance and errors

CONTENT

Meaning and uses of trial balance

  • Rules of trial balance
  • Preparation of trial balance
  • Correction of errors
  • Define trial balance
  • State the uses of trial balance
  • Extracts balances from ledgers to the trial balance
  • Identify errors that do not affect the trial balance

INSTRUCTIONAL MATERIALS

  • Charts
  • Ruler
  • Chalkboard
  • Textbook

TEACHERS ACTIVITIES

  • Explain trial balance and its uses
  • Guides learners to prepare a trial balance
  • Correcting errors

LEANER’S ACTIVITIES

  • Prepare trial balance
  • Balance off the trial balance

WEEK 8

TOPIC

Trading account

CONTENT

  • Meaning
  • Terminologies e.g opening stock closing stock, cost of goods sold, etc
  • Preparation of trading account

BEHAVIOURAL OBJECTIVES

  • Explains terminologies  use in the trading account
  • Identify the accounting term
  • Determines cost of goods available for sales and cost of goods sold
  • Determine gross profit or loss 

INSTRUCTIONAL MATERIALS

  • Chart
  • Ruler
  • Chalkboard
  • Textbooks

TEACHERS ACTIVITIES

  • Explains the purpose of trading account
  • Explains the terminologies in the trading account
  • Guides students to prepare trading account

LEANER’S ACTIVITIES

  • Identify accounting terms in the trading account
  • Demonstrates the preparation of trading account

WEEK 9

TOPIC

Profit and loss account

CONTENT

  • Identify items in the profit and loss account
  • Preparation of profit and loss account
  • Determination of net profit or loss

BEHAVIOURAL OBJECTIVES

  • Prepares profit and loss account
  • Determines net profit or loss 

INSTRUCTIONAL MATERIALS

  • Chart
  • Ruler
  • Chalkboard
  • Textbooks

TEACHERS ACTIVITIES

Guides students to prepare profit and loss account

  • Leads students to determine net profit or loss

LEANER’S ACTIVITIES

Work various exercises on profit and loss account

WEEK 10

TOPIC

Adjustment in profit and loss account

CONTENT

  • Prepayment and accrual
  • Differences between repayment and accrual
  • Bad debt and provision for bad debt
  • Posting of entries into the ledger and final account 

BEHAVIOURAL OBJECTIVES

  • Distinguish between prepayment and accrual
  • Distinguish between bad debt and provision for bad debt
  • Post the entry of bad debt and provision for bad debt into the ledger and final account

INSTRUCTIONAL MATERIALS

  • Chart
  • Ruler
  • Chalkboard
  • Textbooks

TEACHERS ACTIVITIES

  • Guides learners to solve problems in bad debt and provision for bad debt
  • Post into the ledger and final account
  • Guides learners to solve exercises  prepayment and accrual

LEANER’S ACTIVITIES

Solve exercises on bad debt, provision for bad debt, depreciation, prepayment, and accrual and post into the ledger and final account

WEEK 11

TOPIC

Adjustment of loss (continue)

CONTENT

Provision of discount allowable

  • Identification
  • Journalization
  • Posting into the final account
  • Provisions for depreciation
  • Identification
  • Journalization
  • Posting into the final account

BEHAVIOURAL OBJECTIVES

Identify provision for discount allowable and post into the ledger and final account

Identify provision for depreciation and post it into the ledger and final account

INSTRUCTIONAL MATERIALS

  • Chalkboard
  • Ruler
  • Chart
  • Textbook

TEACHERS ACTIVITIES

  • Explain provision for discount allowable and demonstrate the posting into the ledger and final account
  • Explains provision for depreciation and demonstrate the posting into the ledger and final account

LEANER’S ACTIVITIES

Works the adjustment and post into the ledger and final account 

WEEK 12

Revision

WEEK 13

Examination

Kindly Share

Similar Posts