FINANCIAL ACCOUNTING SCHEME OF WORK FOR SS3 FIRST TERM AND SECOND TERM
This scheme of work contains week, topic, content, teacher and learners activities, as well as instructional materials which are relevant tools in lesson plan preparation.
So, if you are a school subject teacher and about to prepare your lesson note on Financial Accounting, you need not to worry yourself about what teaching resources to use to facilitate your lesson. Teaching materials have been scheduled for each of these topics.
Now, let’s prepare scheme of work for Financial Accounting for Senior secondary III.
Financial Accounting For SS 3 First Term
Week 1: PURCHASE OF BUSINESS ACCOUNT
Meaning
Terminologies
Preparation of purchase of business in purchaser’s books;
journal entry.
Teacher’s Activities: The Teacher should explain the meaning of
purchase of business, state and explain the terminologies used in purchase of business account, guide the learners in preparing the journal entries and the ledgers.
Learners Activities:The learners should listen attentively, take down note on purchase of business account, practice some exercises on purchases of business account.
Instructional Materials: charts, purchase of business account format.
Week 2: FURTHER TREATMENT OF PURCHASE OF BUSINESS
Vendor’s account
Balance sheet Preparation
Teacher’s Activities: The Teacher should explain the concept of
purchase of business, lists and explains the terminologies used in purchase of business account, guide the learners in preparing the journal entries and the ledgers.
Learners Activities: The learners should listen and participate in the lesson by taking down note on purchase of business account, practice some exercises on purchases of business account.
Resources; charts, purchase of
business account format.
Week 3: HIRE PURCHASE AND INSTALLMENT PAYMENT ACCOUNTS
Definition, types of goods on hire purchase Terminologies
Operation of hire purchase system
Calculation of interest charge.
Teacher’s Activities: The Teacher should guide the learners to explains the term hire purchase,state the types of goods on hire purchases, the operation and importance of hire purchase to the
vendor and the hirer, prepare hire purchase and installmental payment account.
Learners Activities: The learners should pay attention, follow the leading of the teacher to actively participate in the lesson and as well take down note on operation and importance of hire
purchase, group discussion on hire purchase and installmental payment transaction, prepare hire purchase and installmental payment accounts.
Instructional Materials: charts, pictures, invoice documents.
Week 4: HIRE PURCHASE ACCOUNT
Preparation of hire purchase account
The hirer’s books
The vendor’s books
Teacher’s Activities: The Teacher should guide the learners, explain the term hire purchase, the operation and importance of hire purchase to the vendor and the hirer, prepare hire purchase and installmental payment account.
Learners Activities: The learners should listen, take part in the explanation of the various concept.
Instructional Activities: The Teacher should make use of charts, pictures, invoice documents to facilitate the lesson.
Week 5: CONSIGNMENT ACCOUNT
Meaning/definition
Terminologies
Preparation of account sales.
Teacher’s Activities: The Teacher should discuss consignment account and its terminologies, guide the learners to prepare consignment account.
Learner’s Activities: The Learners should listen and take part in the preparation of the consignment account.
Instructional materials: The Teacher should enhance the teaching/learning process with chart, pictures, and invoice
documents.
Week 6: CONSIGNMENT ACCOUNT
Entries in the books of consignor (preparation).
Goods sent on consignment acct.
Consignee’s account
Trading, profit and loss account.
Teacher’s Activities: The Teacher should discuss consignment
account and associated terminologies, guide learners to prepare consignment account.
Learners Activities: The learners should listen and participate in the preparation of the consignment account.
Instructional Materials: chart, pictures, and invoice documents.
Week 7: JOINT VENTURES ACCOUNT
Meaning/definition
Differences between
partnership and joint
ventures
Teacher’s Activities: The Teacher should guide the learners to explain the concepts of joint ventures account, distinguish between joint ventures and partnership, prepare joint venture account.
Learners Activities: The learners should pay attention and participate in the lesson by repeating after the teacher through the explanation on joint ventures, differentiate between joint
ventures and partnership, and prepare joint venture account.
Instructional Materials: chart, flash card should be provided by the teacher to illustrate the lesson.
Week 8: JOINT VENTURES ACCOUNT
Preparation of joint venture accounts
Individual’s account
Joint venture memorandum account.
Teacher’s Activities: The Teacher should guide the learners to explain joint ventures account, distinguish between joint ventures and partnership, prepares joint venture account.
Learners Activities: The learners should listen short notes on joint ventures, differentiate between joint ventures and partnership, and prepare joint venture account.
Instructional Materials: chart, flash card.
Week 9: DEPARTMENTAL ACCOUNT
Meaning/definition
Basis for apportionment of expenses
Advantages of departmental account.
Teacher’s Activities: The Teacher should guide the learners to explain joint ventures account, distinguish between joint ventures and partnership, prepare joint venture account.
Learners Activities: The learners should follow the instructions of the teacher to explain on joint
ventures, differentiate between joint
ventures and partnership, and prepare
joint venture account.
Instructional Materials: chart, flash card.
10 DEPARTMENTAL ACCOUNT
Preparation of trading, profit and loss account
Stressing departmental transfer
Preparation of departmental balance sheet.
Teacher’s Activities: The Teacher should explain the meaning of
departmental accounts discuss the advantages and the need for
departmental account, prepare departmental account.
Learners Activities: The learners should listen, participate and take down note on the meaning, need and advantages of departmental account, participate in the preparation of departmental account.
Instructional materials:chart, flash card.
11 BRANCH ACCOUNT
Description of branch organization
Types of branch; local and foreign
Importance of branch account
Difference between branch and departmental organization.
Teacher’s Activities: The Teacher should guide the learners to explain and differentiate between departmental and branch accounts, explain the difference between local and foreign
branch, state the importance of branch account, prepare branch account.
Learners Activities: The learners should listen to teacher, ask questions, participate in lesson discussion, distinguish between local and foreign branch, observe and prepare branch account.
Instructional Materials: chart, pictures, invoice and document.
12 BRANCH ACCOUNT
Preparation of branch account
Head office books
Branch office books.
Teacher’s Activities: The Teacher should guide the learners to explain and differentiate between departmental account and branch accounts, explain the difference between local and foreign branch, state the importance of branch account, prepare branch account.
Learners Activities: The learners shouldlisten to teacher and react by asking questions, should distinguish between local and foreign branch, observe and prepare branch account.
Instructional Materials: chart, pictures, invoice and document.
13 Revision Revision
14 Examination Examination
Financial Accounting SS 3 Second Term
Week 1: CONTRACT ACCOUNT
Meaning of contract account
Terminologies used
Preparation in the proprietor’s book for each contract
Preparation in the contractor’s books.
Teacher’s Activities: The Teacher should guide the learners to explain contract account items, prepare contract account.
Learners Activities: participate during explanation, work examples on contract account.
Instructional Materials: charts, diagrams.
Week 2: PUBLIC SECTOR ACCOUNT
Sources of government revenue
Terminologies used, Head, sub-head, estimate etc
Classification of expenses.
Capital expenditure
Recurrent expenditure
Preparation of public sector
Teacher’s Activities: guides the students to
identify various sources of government revenue, explain and
distinguish between capital and recurrent expenditures, list the items in capital and recurrent expenditures,
explain the uses of revenue by the government, prepare public sector accounts.
Capital expenditure account
Revenue account
Recurrent expenditure account.
Learners Activities: identify sources of
government revenue, write the differences between capital and
recurrent expenditures, state at least five ways government uses its revenue, list the items on capital and recurrent expenditures, participate in the preparation of public sector accounts.
Instructional Materials: charts, pictures, federal/states government’s budget, publications on revenue allocation by federal government, publications by federal, state and local government.
3 INTRODUCTION TO DATA PROCESSING
Meaning/definition
The computer;
Hard ware system Soft wares
Installation; factors to be considered.
Application in an accounting environment
Advantages/disadvantages of computer
Intranets and internet;- advantages and disadvantages.
Teacher’s Activities: The Teacher should explain the meaning of data processing , discuss the computer hardware and software,
ask the students to mention the factors to be considered in computer installation, list the application in an accounting environment, explain the advantages and disadvantages of computers, differentiate between intranet and internet, state the advantages and disadvantages of intranet.
Learners Activities: The Learners should pay attention to the meaning of data processing, write short notes on the following; hardware and software application in an accounting environment, factors to be considered in computer installation, intranet and internet.
Instructional Materials: pictures, computer set/laptop computer, resource person.
Week 4 & 5 Revision/Examination
Wondering why this is short or why there isn’t third term? Well, SS3 is usually an examination phase or class of learning where learners are prepared for external examinations such as WAEC, NECO, JAMB,etc as in the case of Nigeria curriculum for example. These external examinations qualify the candidates for higher institutions of learning where they pursue their chosen careers.
However, where this is not clear to you, feel free to ask your questions or add your contributions. Your Opinions are highly welcomed.
Check also my last post on;
Financial Accounting Scheme of work for SS II
Financial Accounting scheme of work for SS I
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