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Secondary School Lesson Notes and Scheme of Work

SS3 Third Term Financial Account Lesson Note and Scheme of Work

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SS3 Third Term Financial Account Lesson Note and Scheme of Work


Scheme of Work: SS3 Third Term Financial Accounting


Week 1: Public Sector Accounting


Introduction to public sector accounting

Distinction between public and private sector accounting

Budgeting and financial reporting in the public sector

Week 2: Non-Profit Organizations


Accounting for non-profit organizations

Fund accounting and financial reporting

Challenges and peculiarities in non-profit accounting

Week 3: Forex Transactions and Accounting


Understanding foreign exchange transactions

Accounting for gains and losses in foreign currency

Impact of exchange rate fluctuations on financial statements

Week 4: Financial Statement Analysis


Techniques and tools for financial statement analysis

Ratio analysis and interpretation

Evaluating the financial health of an organization

Week 5: Risk Management in Accounting


Introduction to risk management

Identification and assessment of financial risks

Strategies for mitigating financial risks

Week 6: Ethics in Accounting


Importance of ethical behavior in accounting

Ethical challenges in financial reporting

Professional standards and codes of conduct

Week 7: Corporate Governance and Accountability


Overview of corporate governance

Accountability of management to shareholders

Role of auditors and regulatory bodies in ensuring accountability

Week 8: Accounting Information Systems


Role of information systems in accounting

Implementation and control of accounting information systems

Impact of technology on accounting processes

Week 9: Forensic Accounting


Introduction to forensic accounting

Detecting and preventing financial fraud

Role of forensic accountants in investigations

Week 10: Revision Week


Review of third term topics

Practice exams and group discussions

Week 11: Examination Week


Comprehensive examination covering all third term topics

Application-based questions and case studies

Week 12: School Dismissal Week


Recap of the academic year’s learning

Distribution of final grades and academic achievements

Guidance on further studies and career paths.

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