Week 1: Introduction to Corporation and Limited Liability Company (LLC)
Lesson Note:
Explore the characteristics and structure of corporations and LLCs. Discuss the advantages and disadvantages of each business form. Engage students in case studies to enhance understanding.
Scheme of Work:
Day 1: Introduction to Corporations
Day 2: Introduction to LLCs
Day 3: Comparative Analysis
Day 4: Case Studies
Day 5: Group Discussions
Week 2: Share Capital and Dividends in Corporations
Lesson Note:
Examine how corporations raise capital through shares and distribute profits as dividends. Discuss the accounting treatment of share issuances and dividend declarations. Conduct practical exercises for application.
Scheme of Work:
Day 1-3: Share Capital in Corporations
Day 4-6: Dividends in Corporations
Day 7: Practical Exercises
Day 8: Case Studies
Day 9: Review and Application
Week 3: Accounting for Bonds and Debentures
Lesson Note:
Introduce bonds and debentures, explaining how companies use them for long-term financing. Discuss the accounting entries associated with issuing and redeeming bonds. Include practical exercises for hands-on experience.
Scheme of Work:
Day 1-3: Understanding Bonds
Day 4-6: Debentures and Their Accounting
Day 7: Practical Application
Day 8: Case Studies
Day 9: Group Discussions
Week 4-10: Analysis of Financial Statements and Interpretation
Lesson Note:
Cover advanced topics on financial statement analysis and interpretation. Teach students how to assess a company’s financial health and make informed decisions based on financial data.
Scheme of Work:
Day 1-3: Financial Statement Analysis
Day 4-6: Ratios and Interpretation
Day 7-9: Industry Comparisons
Day 10: Practical Exercises and Application
Week 11: Revision Week
Lesson Note:
Conduct a thorough review of all third-term topics, emphasizing complex concepts. Encourage collaborative learning through group discussions and peer teaching.
Scheme of Work:
Day 1-3: Comprehensive Review
Day 4-5: Group Discussions
Day 6-7: Addressing Doubts
Day 8-9: Additional Exercises
Day 10: Recap and Q&A Session
Week 12: Examination Week
Lesson Note:
Administer a comprehensive examination covering all third-term topics. Evaluate students on their understanding and ability to apply advanced bookkeeping principles.
Scheme of Work:
Day 1-3: Written Examination
Day 4-5: Practical Examination
Day 6-8: Grading and Assessment
Day 9: Review of Examination
Day 10: Preparation for Dismissal
Week 13: School Dismissal Week
Lesson Note:
Conclude the academic year by summarizing key concepts from the third term. Provide feedback on examinations and encourage students to continue exploring advanced bookkeeping topics during the break.
Scheme of Work:
Day 1: Recap of Key Concepts
Day 2-3: Feedback on Examinations
Day 4-5: Independent Exploration
Day 6: Closing Ceremony and Dismissal
Day 7: Final Remarks and Goodbyes.
FAQs
What topics are covered in the SS3 Third Term Bookkeeping lessons?
The third term lessons focus on advanced bookkeeping concepts, including final accounts preparation, adjustments for accruals and prepayments, depreciation of assets, correction of errors, and partnership accounts. Students also explore trial balance rectifications and bank reconciliation statements to ensure a complete understanding of accounting procedures.
How is the scheme of work structured for the third term?
The scheme of work is organized week by week, beginning with a review of previous knowledge, followed by lessons on final accounts, adjustments, and error corrections. Each week outlines objectives, teaching activities, exercises, and assessment methods to ensure students progressively master each bookkeeping concept.
What are the expected learning outcomes by the end of the term?
By the end of the term, students are expected to accurately prepare final accounts for sole proprietorships and partnerships, make necessary adjustments, correct accounting errors, and complete bank reconciliation statements. They should also demonstrate analytical thinking and the ability to apply bookkeeping principles in practical scenarios.
How can teachers assess students’ understanding effectively?
Teachers can assess understanding through a combination of class exercises, practical bookkeeping tasks, quizzes, and end-of-term tests. Emphasis should be placed on problem-solving, accuracy in preparing accounts, and the ability to identify and correct errors. Continuous assessment ensures students retain knowledge and apply it correctly in real-life accounting situations.
Also Read: SS2 First Term Bookkeeping Lesson Note and Scheme of Work
