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Financial Accounting Notes

SS3 1st Term Financial Accounting scheme of work

FIRST TERM SCHEME OF WORK FOR SS3 FINANCIAL ACCOUNTING WEEKS TOPICS 1 REVISION 2 Preparation of company income statement 3 […]

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Financial Accounting Notes

Consignment Account

CONTENT Definition  Accounting Entries      Practical illustration Note Consignment of good means the sending of goods by a supplier to […]

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Financial Accounting Notes

JOINT VENTURE ACCOUNTS

CONTENT Definition of Joint Venture. Accounting entries required for joint ventures. Practical illustration of joint ventures. Definition Joint venture is […]

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Financial Accounting Notes

ACCOUNTS OF NON-PROFIT – MAKING ORGANIZATIONS

WHAT ARE NON-PROFIT MAKING ORGANIZATIONS? Non-profit-making organizations exist to provide services for their members. Example are. Sports and social clubs, […]

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Financial Accounting Notes

Control Account

Control accounts is the extraction of trial balance from individual ledger account of a large organization. Generally speaking, large organizations […]

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Financial Accounting Notes

Single Entry And Incomplete Records

CONTENT:   (i) Introduction (ii) Steps Involved in preparing a P&L A/C and Balance Sheet from Incomplete Records (iii) Example […]

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Financial Accounting Notes

SS2 3rd Term Financial Accounting scheme of work

THIRD TERM E-LEARNING NOTE SUBJECT:  FINANCIAL ACCOUNTING                                                             CLASS:  SS2   SCHEME OF WORK WEEK             TOPICS 1-3              Single […]

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Financial Accounting Notes

Introduction To Accounting Ratios

EVALUATION Differentiate between margin and mark-up. READING ASSIGNMENT Financial Accounting with, Ease by Onatowokan Oluyombo pages 183 – 167 GENERAL […]

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Financial Accounting Notes

Accounting Concepts And Conventions

CONTENT Definition of Concepts and Conventions Accounting Concepts Accounting Convention ACCOUNTING CONCEPTS AND CONVENTIONS Accounting concepts and convention are a […]

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Financial Accounting Notes

Disposal Of Fixed Assets

CONTENT Meaning and definition of disposal of fixed asset Methods of disposal of fixed assets and their format. Practical illustration. […]