2022/2023 Second Term Financial Accounting Scheme Of Work For SS2

financial accounting

UNIFIED SCHEME OF WORK FOR FINANCIAL ACCOUNTING

CLASS: SENIOR SECONDARY SCHOOL TWO

TERM: SECOND  TERM SCHEME OF WORK

WEEK 1

TOPIC

Revision of first term work and general cleaning of the school compound

WEEK 2

TOPIC

Accounts of non-profit making organization

CONTENT

  • Meaning of non-profit making organization
  • Features of non-profit making organization
  • Terminologies
  • Receipts and payment account
  • Features of receipts and payment account and format

BEHAVIOURAL OBJECTIVES

  • Explain non-profit making organization
  • Identify the terminologies used in non-profit making organization
  • State the features of receipt and payment
  • Prepare receipt and payment account

INSTRUCTIONAL MATERIALS

Pictures, chart, textbook, ruler, and chalkboard

TEACHERS ACTIVITIES

  • Explain non-profit making organization
  • Guides the learners to prepare  receipts and payment account

LEANER’S ACTIVITIES

  • Identify terms used in non-profit making organization
  • Take part in the preparation of receipts and payment account

WEEK 3

TOPIC

Receipt and payment, Income, and expenditure account

CONTENT

  • Preparation of receipt and payment account
  • Meaning and rules
  • Similarities and differences between receipts payments account and income and expenditure account
  • The layout of income and expenditure accounts
  • Work exercise

BEHAVIOURAL OBJECTIVES

  • Define income and expenditure account
  • Distinguish between receipts and payment account and income and expenditure account
  • State the similarities between the two accounts
  • Prepare income and expenditure account

INSTRUCTIONAL MATERIALS

Pictures, chart, textbooks, ruler, and chalkboard

TEACHERS ACTIVITIES

  • Identifies the differences and similarities between receipts and payment account and income and expenditure account
  • Guides the learners to prepare income and expenditure accounts

LEANER’S ACTIVITIES

  • Pay attention  and participate in the preparation of income and LEANER’S ACTIVITIES
  • expenditure account

WEEK 4

TOPIC

Income and expenditure account

CONTENT

  • Treatment of subscription and another nominal ledger in areas and advance
  • Accumulated fund

BEHAVIOURAL OBJECTIVES

  • Explain the meaning of a subscription
  • Prepare subscription account
  • Explain accumulated fund
  • Prepare a statement of affairs

INSTRUCTIONAL MATERIALS

Chalkboard, textbooks chart

TEACHERS ACTIVITIES

  • Explain subscription account
  • Guides students to prepare the accounts

LEANER’S ACTIVITIES

Participate in the preparation of subscription account and statement of affairs

WEEK 5

TOPIC

Comprehensive exercise on income and expenditure account

CONTENT

Prepare income and expenditure account and balance sheet with working exercise

BEHAVIOURAL OBJECTIVES

  • Prepare income and expenditure account
  • Prepare subscription account
  • Prepare balance sheet

INSTRUCTIONAL MATERIALS

Textbooks chalkboard

TEACHERS ACTIVITIES

Leads the learners to prepare all the necessary account

LEANER’S ACTIVITIES

Participate in the preparation of the account

WEEK 6

TOPIC

Formation of a company

CONTENT

  • Companies and allied matters act 1990 relating to the formation of a company
  • Terminologies e.g article of Association, Memorandum of Association, prospectus, etc

BEHAVIOURAL OBJECTIVES

  • Prepare subscription account
  • Prepare balance sheet

INSTRUCTIONAL MATERIALS

Prospectus chart, textbook, chalkboard

TEACHERS ACTIVITIES

Discuss the formation of a company according to the companies and allied matters Act of 1990

LEANER’S ACTIVITIES

  • Pay attention
  • Identify the terms used in the formation of the company

WEEK 7

TOPIC

Private and public companies quoted and unquoted companies

CONTENT

  • Meaning and features of private compare
  • Meaning and features of public companies
  • Meaning of quoted and unquoted company
  • Differences between quoted and unquoted companies 

BEHAVIOURAL OBJECTIVES

Explain the terms used in eh formation of a company

State the requirement of companies and allied matters acts 1990 as regards the formation of the company

INSTRUCTIONAL MATERIALS

Publication of corporate affairs commission, charts, textbook chalkboard

TEACHERS ACTIVITIES

  • Mention examples of private and public companies in the locality
  • Explain the differences between private and public companies
  • State examples of quoted and unquoted companies  

LEANER’S ACTIVITIES

  • Listen
  • Mention examples of private and public companies
  • Identify the differences between private and public companies
  • Distinguish between quoted and unquoted companies

WEEK 8

TOPIC

Financial system

CONTENT

  • Meaning
  • Components of financial system e.g NSE, banks, insurance, etc
  • Money market (meaning and features)
  • Market institutions

BEHAVIOURAL OBJECTIVES

Leaner’s should be able to:

  1. Define private companies and state their feature
  2. Define public companies and state their features
  3. Distinguish between private and public companies
  4. Define quoted and unquoted companies

INSTRUCTIONAL MATERIALS

Publication of NSE, poster, pictures, videos  of activities on the floor of stock exchange

TEACHERS ACTIVITIES

Discuss each component of the financial system

LEANER’S ACTIVITIES

  • Pay attention
  • Identify components of the financial system

WEEK 9

TOPIC

Issue of shares

CONTENT

  • Type of share
  • Terminologies e.g authorize capital issued capital preference shares ordinarily shares etc
  • Differences between classes of share
  • Issue of shares at per discount and premium

BEHAVIOURAL OBJECTIVES

Learners should be able to:

  1. Identify the type of shame
  2. Distinguish between different classes of share
  3. Distinguish between issues at par, discount, and premium

INSTRUCTIONAL MATERIALS

Share certificate, NSE journal publication pictures chart, and textbook

TEACHERS ACTIVITIES

  1. Identify different types of shares
  2. Discuss the differences between classes of shares
  3. Discuss the differences between the issue of shares at par, discount, and premium
  4. Illustrate by showing the share certificate

LEANER’S ACTIVITIES

  • Participate in the discussion
  • Identify the different types of share s

WEEK 10

TOPIC

Issue of share

CONTENT

  • Preparation of various accounts
  • Issue of share at per, issue of a hare at discount

BEHAVIOURAL OBJECTIVES

Learners should be able to:

Prepare all the necessary accounts relating to the issue of share at par issue of share at desirous

INSTRUCTIONAL MATERIALS

Textbook, share certificate, chalkboard and ruler textbook, and ruler share certificate

TEACHERS ACTIVITIES

Guides the learners to prepare various accounting entries on the issue of shares at par and discount

LEANER’S ACTIVITIES

Participate in the preparation of the accounts

WEEK 11

TOPIC

Issue of share

CONTENT

Preparation of various accounts on the issue of shares at premium bonus shares, right issues

BEHAVIOURAL OBJECTIVES

Learners should be able to:

Prepare all the necessary accounts relating to the issue of shares at a premium, bonus share right issues

INSTRUCTIONAL MATERIALS

  • Textbook
  •  Chalkboard
  • Ruler
  • Share certificate

TEACHERS ACTIVITIES

  • Leads the learners to prepare accounts relating to the issue of shares

LEANER’S ACTIVITIES

Take part in the preparation of various accounts relating to issues of shares

WEEK 12

Revision and examination

WEEK 13

Examination

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