Secondary School Lesson Notes and Scheme of Work

SS2 Third Term Financial Account Lesson Note and Scheme of Work

Sponsored Links

SS2 Third Term Financial Account Lesson Note and Scheme of Work


Financial Accounting Lesson Note and Scheme of Work for SS2 First, Second, and Third Term


First Term:


Week 1: Introduction to Financial Accounting


Lesson Note: Basic concepts of financial accounting.

Scheme of Work: Overview of accounting principles and the accounting equation.

Activities: Class discussions on the importance of financial accounting in business.

Week 2: Accounting Equation and Transactions


Lesson Note: In-depth understanding of the accounting equation and basic transactions.

Scheme of Work: Recording transactions in the accounting equation format.

Activities: Practical exercises on identifying and recording transactions.

Week 3: Double Entry System


Lesson Note: Introduction to the double-entry system.

Scheme of Work: Understanding debit and credit entries.

Activities: Class exercises on applying double-entry principles.

Week 4: Books of Original Entry


Lesson Note: Overview of books like the Cash Book, Sales Day Book, and Purchase Day Book.

Scheme of Work: Recording transactions in the respective books.

Activities: Practical sessions on using books of original entry.

Week 5: Ledger and Posting


Lesson Note: Explanation of the ledger and the posting process.

Scheme of Work: Recording transactions from books of original entry to the ledger.

Activities: Hands-on exercises on posting entries to the ledger.

Week 6: Trial Balance


Lesson Note: Understanding the purpose and preparation of a trial balance.

Scheme of Work: Steps in preparing a trial balance.

Activities: Group work on creating a trial balance.

Week 7: Adjustments in Financial Accounting


Lesson Note: Introduction to adjusting entries.

Scheme of Work: Types of adjustments – accruals, prepayments, and depreciation.

Activities: Practical exercises on making adjusting entries.

Week 8: Financial Statements – Income Statement and Balance Sheet


Lesson Note: Explanation of income statements and balance sheets.

Scheme of Work: Preparation of income statements and balance sheets.

Activities: Group projects on creating financial statements.

Week 9: Cash Flow Statement


Lesson Note: Understanding the cash flow statement.

Scheme of Work: Preparation of a cash flow statement.

Activities: Class discussions on the importance of cash flow analysis.

Week 10: Ratio Analysis


Lesson Note: Introduction to financial ratios.

Scheme of Work: Calculation and interpretation of key financial ratios.

Activities: Analysis of financial statements using ratios.

Week 11: Revision Week


Lesson Note: Review of key concepts covered in weeks 1-10.

Scheme of Work: Revision exercises and practice questions.

Activities: Group discussions, quizzes, and review sessions.

Week 12: Examination Week


Lesson Note: Preparation for the final examination.

Scheme of Work: Mock exams and revision sessions.

Activities: Final review and exam strategy discussions.

Week 13: School Dismissal Week


Lesson Note: Recap of the term’s learning.

Scheme of Work: Final assessment and feedback.

Activities: Closing ceremony, distribution of reports, and farewell session.

Second Term:


Continue with the scheme of work and activities, adjusting content based on the curriculum and educational institution’s requirements.


Third Term:


Week 1: Advanced Partnership Accounting


Lesson Note: Complexities in partnership accounting.

Scheme of Work: Treatment of goodwill, admission, and retirement of partners.

Activities: Case studies and practical scenarios on advanced partnership transactions.

Sponsored Links

Leave a Reply

Back to top button