SS2 Second Term Bookkeeping Lesson Note and Scheme of Work

Second Term: Week 1-6

Week 1: Introduction to Accounting Software

Lesson Note: Introduce accounting software, emphasizing its role in modern bookkeeping.

Activities: Hands-on experience with popular accounting software, discussion on advantages and challenges.

Week 2: Petty Cash Management

Lesson Note: Cover the importance of petty cash, procedures for maintaining and reconciling petty cash.

Activities: Simulated petty cash transactions, practical exercises in maintaining a petty cash book.

Week 3: Inventory Valuation

Lesson Note: Explore different methods of inventory valuation, such as FIFO and LIFO.

Activities: Calculating inventory valuation using different methods, analyzing their impact on financial statements.

Week 4: Payroll Accounting

Lesson Note: Introduce payroll accounting, covering salary calculation, deductions, and payroll taxes.

Activities: Role-playing exercises for payroll calculations, discussion on legal requirements.

Week 5: Budgeting Basics

Lesson Note: Teach the fundamentals of budgeting, emphasizing its importance for financial planning.

Activities: Creating personal budgets, group projects for budgeting a fictional business.

Week 6: Variance Analysis

Lesson Note: Discuss variance analysis in budgeting and how it helps in performance evaluation.

Activities: Analyzing budget variances for case studies, creating reports for management.

Week 7-10: Practical Accounting Project

Lesson Note: Allocate time for a comprehensive accounting project, applying knowledge gained so far.

Activities: Working on a real or simulated business project, presentation of findings.

Week 11: Revision Week

Lesson Note: Review second-term topics, focusing on challenging areas and providing additional guidance.

Activities: Comprehensive review sessions, practice exams, and Q&A sessions.

Week 12: Examination Week

Lesson Note: Conduct examinations covering the entire second term’s curriculum.

Activities: Written exams, practical assessments, and viva voce.

Week 13: School Dismissal Week

Lesson Note: Conclude the term with a reflection on the entire year, highlighting achievements and areas for improvement.

Activities: Distribution of final reports, goal-setting for the next academic year, and a farewell class activity.