SS2 Third Term Bookkeeping Lesson Note and Scheme of Work
SS2 Third Term Bookkeeping Lesson Note and Scheme of Work
Week 1: Accounting for Inflation
Lesson Note: Understanding the impact of inflation on financial statements.
Scheme of Work: Adjusting financial statements for inflation, nominal and real values.
Activities: Analysis of inflationary effects on financial data, case studies, and discussions.
Week 2: Accounting for Leases
Lesson Note: Explanation of lease accounting principles.
Scheme of Work: Recording lease transactions, operating vs. finance leases.
Activities: Practical examples, lease agreement analysis, and discussions on lease classification.
Week 3: Accounting for Governmental Organizations
Lesson Note: Introduction to accounting for government entities.
Scheme of Work: Preparation of financial statements for government organizations.
Activities: Research on government accounting practices, case studies, and discussions.
Week 4: Accounting for Small and Medium-sized Enterprises (SMEs)
Lesson Note: Specifics of accounting for SMEs.
Scheme of Work: Recording transactions for small businesses, financial statement preparation.
Activities: Practical exercises, case studies on SMEs, and discussions on tailored accounting practices.
Week 5: Ethics in Accounting
Lesson Note: Importance of ethics in the accounting profession.
Scheme of Work: Ethical considerations in financial reporting and decision-making.
Activities: Group discussions on ethical dilemmas, case studies, and presentations on accounting ethics.
Week 6: Accounting Information Systems
Lesson Note: Introduction to accounting information systems (AIS).
Scheme of Work: Understanding the role of AIS in bookkeeping and financial reporting.
Activities: Research on AIS, practical application in simulated scenarios, and discussions.
Week 7: E-commerce Accounting
Lesson Note: Accounting for electronic commerce transactions.
Scheme of Work: Recording online transactions, financial reporting for e-commerce businesses.
Activities: Case studies on e-commerce accounting, analysis of online business models, and discussions.
Week 8: International Financial Reporting Standards (IFRS)
Lesson Note: Overview of International Financial Reporting Standards.
Scheme of Work: Application of IFRS in financial reporting.
Activities: Research on specific IFRS, practical exercises, and discussions on global reporting standards.
Week 9: Environmental Accounting
Lesson Note: Understanding the concept of environmental accounting.
Scheme of Work: Incorporating environmental costs in financial statements.
Activities: Analysis of environmental impact reports, case studies, and discussions on sustainability.
Week 10: Accounting for Cryptocurrency Transactions
Lesson Note: Introduction to accounting for cryptocurrency transactions.
Scheme of Work: Recording and reporting cryptocurrency transactions.
Activities: Practical exercises involving cryptocurrency transactions, discussions on accounting challenges in the digital era.
Week 11: Revision Week
Lesson Note: Comprehensive review of third-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 third-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.
