SS1 Third Term Financial Account Lesson Note and Scheme of Work
SS1 Third Term Financial Account Lesson Note and Scheme of Work:
Week 1-2: Public Sector Accounting
Lesson Note:
Introduction to public sector accounting
Distinction between public and private sector accounting
Activities:
Case studies on public sector financial reporting
Group discussions on the role of public sector accountants
Week 3-4: Financial Analysis and Interpretation
Lesson Note:
Ratio analysis and its significance
Interpretation of financial ratios
Activities:
Calculation of financial ratios for companies
Analysis and interpretation of financial statements
Week 5-6: Accounting for Non-Profit Organizations
Lesson Note:
Characteristics of non-profit organizations
Fund accounting and financial reporting for non-profits
Activities:
Group projects on accounting for non-profit organizations
Discussions on challenges specific to non-profit accounting
Week 7-8: International Financial Reporting Standards (IFRS)
Lesson Note:
Overview of IFRS
Adoption and implementation of IFRS in financial reporting
Activities:
Case studies on companies adopting IFRS
Comparative analysis of financial statements under different reporting standards
Week 9-10: Ethics in Financial Accounting
Lesson Note:
Importance of ethics in accounting
Professional conduct and ethical dilemmas
Activities:
Role-playing scenarios on ethical decision-making
Discussions on real-life ethical issues in accounting
Week 11: Revision Week
Lesson Note:
Review of key concepts covered in the third term
Activities:
Comprehensive revision exercises
Q&A sessions for clarification
Week 12: Examination Week
Lesson Note:
Preparing for the end-of-term examination
Activities:
Mock examination
Revision of challenging topics
Week 13: School Dismissal Week
Lesson Note:
Recap of the term’s lessons
Distribution of graded examination papers
Activities:
Reflective session on the term
Providing feedback on students’ performance.
