SS2 Second Term Bookkeeping Lesson Note and Scheme of Work
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.