Week 1: Introduction to Bookkeeping
Lesson: Understanding the basics of bookkeeping.
Activity: Students create simple personal financial records.
Week 2: Principles of Double Entry
Lesson: Exploring the double-entry system.
Activity: Practice recording transactions using the double-entry method.
Week 3: Types of Accounts
Lesson: Identifying and classifying various accounts.
Activity: Group activity – categorizing accounts based on real-world examples.
Week 4: Ledger and Subsidiary Books
Lesson: Introduction to the ledger and subsidiary books.
Activity: Students maintain a simple ledger for personal transactions.
Week 5: Cash Book
Lesson: Understanding the purpose and format of a cash book.
Activity: Practical exercise – recording cash transactions in a cash book.
Week 6: Petty Cash
Lesson: Managing petty cash and recording expenses.
Activity: Simulation – students manage a petty cash fund for a hypothetical scenario.
Week 7: Bank Reconciliation
Lesson: The importance of bank reconciliation.
Activity: Analyzing bank statements and reconciling with cash book entries.
Week 8: Trial Balance
Lesson: Preparing a trial balance.
Activity: Students compile a trial balance from provided data.
Week 9: Depreciation
Lesson: Understanding depreciation and its methods.
Activity: Calculating depreciation for various assets.
Week 10: Financial Statements
Lesson: Preparing income statements and balance sheets.
Activity: Group project – creating financial statements for a fictional business.
Week 11: Revision Week
Lesson: Reviewing key concepts covered in the term.
Activity: Practice tests and discussions to reinforce understanding.
Week 12: Examination Week
Lesson: Final preparation for the term examination.
Week 13: School Dismissal Week
Lesson: Wrapping up the term with a recap of essential topics.
Activity: Reflection and goal-setting for the next term.
FAQs
What is the main objective of the SS1 First Term Bookkeeping lesson?
The main objective is to introduce students to the fundamental concepts of bookkeeping, including understanding financial transactions, recording them accurately in journals and ledgers, and grasping the importance of maintaining proper financial records for individuals and businesses.
Which topics are covered in the SS1 First Term Bookkeeping scheme of work?
The scheme of work covers topics such as the definition and importance of bookkeeping, types of accounts, the double-entry system, journal and ledger entries, preparation of trial balances, and basic financial statements like income and expenditure statements.
How are students assessed in the SS1 First Term Bookkeeping class?
Students are assessed through a combination of class exercises, practical bookkeeping tasks, quizzes, and end-of-term tests. They are evaluated on their ability to record transactions accurately, balance accounts, and demonstrate a clear understanding of bookkeeping principles.
What teaching methods are recommended for this term?
Teachers are encouraged to use a mix of theoretical explanation and practical exercises, including examples from real-life financial transactions. Demonstrations using journals and ledgers, group activities, and problem-solving exercises are effective in helping students understand bookkeeping concepts.
Also Read: SS3 Third Term Typewriting Lesson Note and Scheme of Work
