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

financial accounting

UNIFIED SCHEME OF WORK FOR FINANCIAL ACCOUNTING

CLASS: SENIOR SECONDARY SCHOOL ONE

TERM: THIRD-TERM SCHEME OF WORK

WEEK 1

Revision of second terms works

WEEK 2

TOPIC

Balance sheet

CONTENT

  • Definition
  • Terminologies: Assets and liabilities
  •  Preparation: Balance sheet
  • Preparation of final account

BEHAVIOURAL OBJECTIVES

  • Defines balance sheet
  • Distinguish between assets and liabilities
  • Prepares a balance sheet
  • Prepares comprehensive final account

INSTRUCTIONAL MATERIALS

  • Chalkboard
  • Textbook
  • Charts

TEACHERS ACTIVITIES

Guides the learners to distinguish between assets and liabilities

  • Prepares a balance sheet

LEANER’S ACTIVITIES

  • Note the differences between assets and liabilities
  • Take part in the preparation of the balance sheet

WEEK 3

TOPIC

Proper journal/ principal journal

CONTENT

  • Meaning and features of the journal
  • Use of journal
  • Working exercises using journal proper

BEHAVIOURAL OBJECTIVES

  • Define principal/appropriate journal
  • State the features of the journal proper
  • Identify the different parts of an adequate journal
  • State the uses of a proper journal
  • Work exercises using appropriate journal

INSTRUCTIONAL MATERIALS

  • Chalkboard
  • Textbook
  • Journal booklet
  • Ruler

TEACHERS ACTIVITIES

  • Leads the learners to identify the different parts of a proper journal
  • Guides the students to work exercises using proper journal

LEANER’S ACTIVITIES

  • Listen to the meaning and uses of proper /general journal
  • Draws and layout of a general journal 

WEEK 4

TOPIC

Errors in accounting

CONTENT

  • Types of errors
  • Errors that do not affect the agreement of trial balance
  • Errors that trial balance disclose
  • Correction of errors through proper journal

BEHAVIOURAL OBJECTIVES

  • Identifying the errors that do not affect the agreement of trial balance
  • Identify errors that trial balance can disclose
  • Correct errors by proper journal

INSTRUCTIONAL MATERIALS

  • Chalkboard
  • Ruler
  • Textbooks
  • Journal booklet

TEACHERS ACTIVITIES

  • Lead the learners to identify errors that do not affect the agreement of trial balance
  • Guide the learners in the correction of errors through proper journal

LEANER’S ACTIVITIES

  • Identify the errors that do not affect the agreement of trial balance
  • Work exercises on the correction of errors

WEEK 5

TOPIC

Suspense account

CONTENT

  • Meaning and uses of suspense account
  • The process involved in the correction of errors
  • Work exercises on a suspense account

BEHAVIOURAL OBJECTIVES

Defines suspense account

  • States the uses of suspense account
  • Identify the procession involved in the correction of errors
  • Do the necessary correction and post them in the journal
  • Prepare a suspense account

INSTRUCTIONAL MATERIALS

  • Chalkboard
  • Ruler
  • Textbooks
  • Journal booklet

TEACHERS ACTIVITIES

  • Guides the students to identify the errors and the process involved in correcting them
  • This leads them to post in the journal and prepare a suspense account 

LEANER’S ACTIVITIES

Takes part in the correction of errors and the preparation of suspense account

WEEK 6

TOPIC

Depreciation of fixed assets

CONTENT

  • Meaning
  • Courses of depreciation
  • Elements of depreciation
  • Methods of depreciation
  • Terminologies used in depreciation
  • Straight line method

BEHAVIOURAL OBJECTIVES

  • Defines depreciation of fixed assets
  • Identify causes of depreciation
  • Explains elements of depreciation
  • Explains terminologies used in depreciation
  • Identify various  methods of depreciation of fixed assets
  • Explains straight line methods of depreciation and identifies its items

INSTRUCTIONAL MATERIALS

  • Chalkboard
  • Textbook
  • Picture
  • Chart

TEACHERS ACTIVITIES

  • Explains depreciation of felid assets
  • Explains the causes and elements of depreciation of fixed assets
  • Identify various methods of depreciation of fixed assets with an emphasis on the straight-line method

LEANER’S ACTIVITIES

  • Listen to the meaning of depreciation of fixed assets
  • Takes part in identifying the terminologies and elements of depreciation of fixed assets

WEEK 7

TOPIC

Depreciation of fixed assets

CONTENT

  • Straight line method
  • Reducing balance or written down value method

BEHAVIOURAL OBJECTIVES

  • Works exercises on the straight-line method
  • Explain the reducing balance method
  • Identify the terminologies in reducing the balance method
  • Use the reducing balance method to calculate the value of depreciation

INSTRUCTIONAL MATERIALS

  • Pictures,
  • Charts,
  • Textbooks
  • Chalkboard

TEACHERS ACTIVITIES

  • Explain the terminologies in reducing the balance method
  • Guides  the learners to prepare depreciation account by using the straight-line method & reducing balance method

LEANER’S ACTIVITIES

  • Participate in identifying the terminologies in depreciation
  • Demonstrate in the calculation of depreciation and posting of depreciation to the final account

WEEK 8

TOPIC

Control accounts

CONTENT

  • Meaning and uses of control account
  • Terminologies used in control account limitation of control account
  • Identify the classification of the control account
  • Explain contra entries  (set off)

BEHAVIOURAL OBJECTIVES

  • Explain control account
  • Identify the uses of the control account
  • Explain the terminologies used in the control account
  • State the limitation of control
  • Explain the classification of control account i.e sales ledger control account and purchases ledger control account and prepare the account

INSTRUCTIONAL MATERIALS

  • Invoice,
  • Receipt,
  • Chalkboard
  • Ruler,
  • Chart
  • Textbook

TEACHERS ACTIVITIES

  • Discuss the meaning of the control account and state its uses
  • Identity the terminologies used in the control account
  • Prepare sales ledger control account together with the learners 

LEANER’S ACTIVITIES

  • Listen to the meaning of the control account
  • Identify the uses of the control account
  • Participate in the preparation of sales ledger control account

WEEK 9

TOPIC

Purchases ledger control account

CONTENT

  • Identify the items and source in the purchase ledger control account
  • Identify the items on the debit and credit side of the purchase ledger control account
  • Exercise on purchases ledger control accounts

BEHAVIOURAL OBJECTIVES

  • Explain purchases  ledger control account
  • Identify the purchases ledger control items and their sources
  • Prepare purchases ledger control account

INSTRUCTIONAL MATERIALS

  • Journal
  • Textbook
  • Chalkboard
  • Ruler

TEACHERS ACTIVITIES

Guides the learners in identifying purchase ledger items and their sources

Prepare purchases ledger control account together with the leaner’s

LEANER’S ACTIVITIES

Participate in the preparation of purchases ledger control account

WEEK 10

TOPIC

Control account

CONTENT

Comprehensive exercise on control accounts

BEHAVIOURAL OBJECTIVES

Prepare sales and purchases ledger  control accounts 

INSTRUCTIONAL MATERIALS

  • Journal
  • Textbook
  • Chalkboard
  • Ruler

TEACHERS ACTIVITIES

Guide the learners to prepare debtors and creditors to control account

LEANER’S ACTIVITIES

Take part in the preparation of debtor and creditor control accounts

WEEK 11

TOPIC

Final account

CONTENT

Preparation of final accounts with the end-of-the-year adjustments

BEHAVIOURAL OBJECTIVES

  • Prepare the final account with the end of the year adjustment

INSTRUCTIONAL MATERIALS

  • Invoice
  • Receipt
  • Cheque
  • Textbook
  • Ruler
  • Chalkboard

TEACHERS ACTIVITIES

Leads the learners to prepare final accounts with the end of the year adjustment

LEANER’S ACTIVITIES

Work exercises on final account with end-of-the-year adjustments

WEEK 12

Revision and examination

WEEK 13

Examination

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