SS1 1st Term Financial Accounting scheme of work

FIRST TERM E-LEARNING NOTE

SUBJECT: FINANCIAL ACCOUNTING                                                                             CLASS: SS1

SCHEME OF WORK

WEEK           TOPIC

1. Introduction to Book-Keeping and Accounting

2                Transactions – Meaning and Classifications

3                Books of Accounts – Layout and Formats

4 – 5           Double Entry Principle: Posting of Transactions to Ledger Accounts;

Combinations of Cash and Bank Account

6 – 7          Balancing of Ledger Accounts; extraction of the Trial Balance

8                Source Documents: Purpose Characteristics and Functions

9 -10          Subsidiary Books: Purpose, Characteristics, Functions and Preparations