SS1 Second Term Bookkeeping Lesson Note and Scheme of Work

Week 1 (Second Term): Review and Recap

Lesson Note: Begin the term by reviewing essential concepts from the previous term.

Scheme of Work: Consolidate understanding through a quick recap of bookkeeping principles.

Activity: Engage students in a quiz or discussion to refresh their knowledge.

Week 2: Petty Cash and Imprest System

Lesson Note: Introduce petty cash and the imprest system.

Scheme of Work: Explain the purpose of petty cash, maintaining and replenishing it.

Activity: Simulate a petty cash scenario, and have students manage it.

Week 3: Bad Debts and Provision for Doubtful Debts

Lesson Note: Discuss bad debts and methods for handling doubtful debts.

Scheme of Work: Explore the allowance method and direct write-off method.

Activity: Analyze scenarios to determine if a debt is bad and calculate provisions.

Week 4: Partnership Accounts

Lesson Note: Introduce the basics of partnership accounting.

Scheme of Work: Discuss the formation, profit-sharing, and dissolution of partnerships.

Activity: Create partnership accounts for hypothetical businesses.

Week 5: Company Accounts – Shares and Debentures

Lesson Note: Explore the fundamentals of company accounts.

Scheme of Work: Discuss types of shares, debentures, and their accounting treatment.

Activity: Analyze company financial statements and discuss shareholder equity.

Week 6: Company Accounts – Final Accounts

Lesson Note: Cover the preparation of final accounts for companies.

Scheme of Work: Discuss income statements, balance sheets, and retained earnings.

Activity: Prepare final accounts for a fictional company.

Week 7: Analysis and Interpretation of Financial Statements

Lesson Note: Teach the importance of analyzing financial statements.

Scheme of Work: Discuss ratio analysis and its significance.

Activity: Analyze financial statements of real companies and interpret the results.

Week 8: Budgeting and Budgetary Control

Lesson Note: Introduce the concept of budgeting and its role in business.

Scheme of Work: Discuss the budgeting process and budgetary control.

Activity: Develop budgets for different business scenarios.

Week 9: Cash Budget

Lesson Note: Focus on creating a cash budget for businesses.

Scheme of Work: Explain the components and purpose of a cash budget.

Activity: Develop a cash budget for a small business.

Week 10: Forensic Accounting and Ethics

Lesson Note: Explore the role of accountants in fraud detection and prevention.

Scheme of Work: Discuss ethical considerations in accounting practices.

Activity: Analyze real-world cases of financial fraud and discuss preventive measures.

Week 11: Revision Week

Lesson Note: Review key concepts for the upcoming assessments.

Scheme of Work: Conduct practice tests and clarify doubts.

Activity: Facilitate group discussions for collaborative revision.

Week 12: Examination Week

Lesson Note: Administer comprehensive assessments covering the second term.

Scheme of Work: Allocate appropriate time for each section of the exam.

Activity: Conduct the exam and collect answer scripts.

Week 13: School Dismissal Week

Lesson Note: Recap the second term, emphasizing crucial insights.

Scheme of Work: Provide additional resources for self-study.

Activity: Share constructive feedback on student performance and discuss future learning paths.