SS2 Second Term Bookkeeping Lesson Note and Scheme of Work
SS2 Second Term Bookkeeping Lesson Note and Scheme of Work
Week 1: Partnership Accounts
Lesson Note: Introduction to partnership accounting principles.
Scheme of Work: Formation of partnership, capital accounts, and profit-sharing ratios.
Activities: Case studies, group discussions on partnership transactions.
Week 2: Joint Venture and Consignment Accounts
Lesson Note: Understanding joint ventures and consignments in bookkeeping.
Scheme of Work: Practical application of joint venture and consignment accounting.
Activities: Simulated joint venture projects, consignment exercises, and class discussions.
Week 3: Branch Accounting
Lesson Note: Explanation of branch accounting principles.
Scheme of Work: Treatment of branch transactions and preparation of branch accounts.
Activities: Group activities, analyzing branch transactions, and case studies.
Week 4: Manufacturing Accounts
Lesson Note: Introduction to manufacturing accounts.
Scheme of Work: Calculating cost of production, work in progress, and finished goods.
Activities: Hands-on exercises, factory visit if possible, and discussions on manufacturing processes.
Week 5: Departmental Accounts
Lesson Note: Understanding departmental accounting and its significance.
Scheme of Work: Allocation and apportionment of expenses, preparation of departmental accounts.
Activities: Group projects, practical examples, and discussions on departmental performance.
Week 6: Royalties and Hire Purchase
Lesson Note: Explanation of accounting for royalties and hire purchase.
Scheme of Work: Recording transactions related to royalties and hire purchase agreements.
Activities: Case studies, practical exercises, and discussions on income recognition.
Week 7: Incomplete Records
Lesson Note: Dealing with incomplete records in bookkeeping.
Scheme of Work: Reconstruction of financial statements from incomplete records.
Activities: Practical examples, case studies, and hands-on exercises on incomplete records.
Week 8: Non-Profit Organizations
Lesson Note: Accounting principles for non-profit organizations.
Scheme of Work: Preparation of income and expenditure accounts, balance sheets for non-profits.
Activities: Analyzing financial statements of non-profits, group discussions, and case studies.
Week 9: International Accounting Standards
Lesson Note: Introduction to International Accounting Standards (IAS).
Scheme of Work: Application of relevant IAS in bookkeeping.
Activities: Research on specific IAS, practical exercises, and discussions on global accounting standards.
Week 10: Forensic Accounting
Lesson Note: Overview of forensic accounting principles.
Scheme of Work: Practical application in detecting and preventing fraud.
Activities: Case studies, forensic accounting simulations, and discussions on ethical practices.
Week 11: Revision Week
Lesson Note: Comprehensive review of second-term topics covered.
Scheme of Work: Revision exercises and solving past questions.
Activities: Mock tests, group discussions, and clarification of doubts.
Week 12: Examination Week
Lesson Note: Final preparations for second-term examinations.
Scheme of Work: Mock exams and preparation strategies.
Activities: Exam-oriented drills, time management exercises, and last-minute revision.
Week 13: School Dismissal Week
Lesson Note: Recap of the term’s achievements and lessons.
Scheme of Work: Final assessments and feedback.
Activities: Closing ceremony, reflection, and distribution of progress reports.
