SS1 Third Term Bookkeeping Lesson Note and Scheme of Work

Week 1 (Third Term): Introduction to Taxation

Lesson Note: Introduce students to basic concepts of taxation in accounting.

Scheme of Work: Cover different types of taxes, their purposes, and implications.

Activity: Analyze case studies on how taxes impact financial statements.

Week 2: Value Added Tax (VAT)

Lesson Note: Explore the principles and application of Value Added Tax.

Scheme of Work: Discuss VAT rates, registration, and filing processes.

Activity: Simulate a scenario where students calculate VAT for a business.

Week 3: Income Taxation

Lesson Note: Discuss the basics of income taxation for individuals and businesses.

Scheme of Work: Explore taxable income, deductions, and filing procedures.

Activity: Calculate income tax liabilities for various income levels.

Week 4: International Accounting Standards

Lesson Note: Introduce students to International Financial Reporting Standards (IFRS).

Scheme of Work: Explain the importance of global accounting standards.

Activity: Compare financial statements prepared under IFRS with local standards.

Week 5: Environmental Accounting

Lesson Note: Discuss the role of accounting in addressing environmental issues.

Scheme of Work: Explore the concept of environmental accounting.

Activity: Analyze how companies incorporate environmental costs in their financial reports.

Week 6: Social Responsibility Accounting

Lesson Note: Explore the integration of social responsibility in accounting practices.

Scheme of Work: Discuss the triple bottom line and corporate social responsibility.

Activity: Evaluate financial reports for evidence of social responsibility.

Week 7: Emerging Trends in Accounting Technology

Lesson Note: Discuss the impact of technology on accounting practices.

Scheme of Work: Explore cloud accounting, blockchain, and other emerging technologies.

Activity: Research and present on a specific accounting technology.

Week 8: Auditing and Assurance

Lesson Note: Introduce the concepts of auditing and assurance services.

Scheme of Work: Discuss the role of auditors, audit planning, and procedures.

Activity: Conduct a mock audit for a fictional company.

Week 9: Internal Control Systems

Lesson Note: Explore the importance of internal controls in preventing fraud.

Scheme of Work: Discuss components of internal control systems.

Activity: Evaluate and improve internal controls for a hypothetical business.

Week 10: Government Accounting

Lesson Note: Introduce the basics of government accounting.

Scheme of Work: Discuss fund accounting and budgetary control in government.

Activity: Analyze financial statements of a government agency.

Week 11: Revision Week

Lesson Note: Review key concepts from the third term.

Scheme of Work: Conduct practice exercises and clarify doubts.

Activity: Organize group discussions for collaborative revision.

Week 12: Examination Week

Lesson Note: Administer comprehensive assessments covering the third 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 entire academic year, emphasizing the significance of the course.

Scheme of Work: Provide additional resources for continuous learning.

Activity: Share constructive feedback, discuss career paths, and bid farewell.