Education resource centre

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  Reasons for making payments
  
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  Method;- cash, cheque, bank draft (give meaning and detailed explanation)
  

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  Postal order/post cash
  
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  Money order/western union money gram
  
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  Standing order
  
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  Credit transfer
  
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  Telegraphic transfer.
  

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  E-banking- meaning
  
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  Services under e-banking—ATM, credit card, debit card.
  

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  Electronic fund transfer.
  
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  Mobile banking
  
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  Internet banking
  
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  Telephone banking.
  

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  Differences between wages and salaries
  
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  The role of wages office -; calculate wages, record wages, make appropriate payments and deductions.
  

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  Time rate, piece rate, profit sharing method, commission bonus, premium bonus.
  
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  Procedures for paying wages.
  
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  Analyses cash
  
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  Determines withdrawal, prior notice to bank
  
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  Prepare payroll, disbursement.
  

Listen to teacher’s explanation and example. Work given exercises.

Payroll, pay slip, payment voucher,

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  Importance of imprest account
  
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  Preparation of imprest account.
  

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  Confidential, personal, urgent
  
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  Incoming and outgoing mails- meaning.
  

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  Procedures for handling mails
  
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  Preparation of out going and incoming mails registers.
  

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  By post, by hand, electronic, courier
  
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  Courier services- meaning
  
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  Advantages and disadvantages of courier services.
  

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  The communication process- sender, receiver, draw the diagram of communication process
  
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  Pattern of communication- vertical, downward, upward and horizontal.
  

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  Advantages/disadvantages of communication.
  
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  Factors affecting the choice of communication.
  
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  Barriers to effective communication.
  

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  Verbal and non-verbal
  
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  Verbal/oral communication- meaning
  
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  Advantages/disadvantages
  
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  Non-verbal- meaning, examples- body language, signs etc
  

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  WRITTEN COMMUNICATION- MEANING
  
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  By letters, memos, magazines etc
  
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  Advantages and disadvantages
  
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  Visual communication- meaning
  
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  Advantages and disadvantages.
  

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  METHODS OF COMMUNICATION
  
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  Traditional and modern method
  
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  Traditional method- drum, town crier, gong etc
  
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  Advantages and disadvantages.
  

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  METHOD OF COMMUNICATION CONT
  
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  Modern method- letters, telephone, cablegram, telegram, radio, TV, electronic e-mail, face book, twitter, to go etc
  

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  COMMUNICATION SERVICES BY NIPOST
  
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  Postal services rendered by NIPOST -; ordinary letter, registered letter, express letter, parcels, air mail, postage, recorded delivery.
  
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  Auxiliary services provided by post office – postage stamp, postal order, money order, telegraphic money order, private boxes, private mail bag.
  

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  COMMUNICATION SERVICES BY NITEL
  
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  Telephone services, common telephone services available; internet calls, local calls, trank calls, international calls, conference calls, fixed time calls, emergency calls, radio and TV services, satellite, internet services (e-mail), Global Communication System (GSM).
  

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  COURIER SERVICES; Meaning
  
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  Services rendered by courier services
  
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  Global system for mobile communication (GSM)
  
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  Advantages and disadvantages.
  

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9.

11.

1. 
   Meaning of motor insurance
   
2. 
   Types of polices in motor insurance
   

1. 
   Scope of motor insurance
   

2. 
   ECOWAS brown card:-
   

Insurance products :- Fire Insurance

1. 
   meaning of fire insurance
   
2. 
   Standard fire policy cover/ property covered under fire insurance
   
3. 
   Perils covered, who buy fire insurance.
   
4. 
   Special peril.
   

Theft insurance:

1. 
   Meaning of theft insurance
   
2. 
   Properties to be covered under theft insurance
   
3. 
   Theft insurance in business premises.
   

1. 
   Theft insurance in private premises
   
2. 
   Different between theft in business and private premises.
   
3. 
   Theft by key or trick.
   

i)Meaning of money , what constitute money-cash,cheque, poster order,etc. that can be insured

ii) Money in transit, in safe or strong room after business hours.

Iii) Money in custody of a staff e.g. Cashier.

Money Insurance Cont.

i) Necessity for money insurance.

ii) Types of covers available.

Insurance Product:-

Fidelity guarantees Insurance.

i) Meaning of fidelity guarantee insurance

ii) Types of policies in fidelity guarantee insurance e.g. Name policy, position policy, blanket policy, bonds. etc.

iii) Difference between commercial guarantee and bond.

Insurance Products:- credit Insurance

i)meaning of credit insurance

ii)uses of credit insurance:- own goods in own vehicles, owned goods in hired vehicles

iii) Open cover and use of declaration, single transits.

Credit insurance (cont.)

1. 
   Types of cover categories of covers)
   
2. 
   Necessity of goods in transits insurance.
   

Examination

Teacher states the scope of motor insurance, Students writes three levels of motor insurance and ECOWAS brown card.

Specimen of motor insurance document.

Teacher explains fire insurance, properties covered.

Students identifies the insurance covered and state perils covered:

Instructional resources use of chart.

Teachers explains the concept, state properties covered

Students defines theft insurance properties covered, explain theft in public premises

Instructional resources.

Teacher explains theft insurance in private premises, state differences between theft in private and public premises.

Students identify the differences, explain theft by key or trick. Use of chart.

Teacher explains money etc. students defines money, state what constitute money, state the difference between money in transit and money in custody of staff.

Specimen of money.

Teacher explains necessity for money insurance and types of cover available.

Students state cover available.

Chats.

Fidelity guarantees state types of policies. Students identify the concept, state examples of the policy, differences between commercial guarantee and bond.

Specimen of document/charts.

Teacher explains the concepts, state its uses.

Students define credit Insurance and give two uses.

Specimen of document/charts

Teacher explains the concepts, Types, State the necessity of the goods in the transit insurance.

Students answer questions use of charts

Revision

Examination

2.

3.

5.

6.

8.

9.

11.

1. 
   Meaning of burglary insurance
   
2. 
   Property to be covered.
   
3. 
   Different between burglary and theft insurance
   

1. 
   Meaning of marine insurance.
   
2. 
   Various perils of the sea.
   
3. 
   Property covered by marine insurance
   
4. 
   Types of marine policies e.g. Hull policy, cargo policy and
   

Aviation insurance policy:-

1. 
   Meaning of aviation insurance.
   
2. 
   Aviation risks.
   
3. 
   Different types of aviation policies e.g. Aviation hull policy, cargo policy, freight policy.
   

1. 
   Liabilities from aircraft operations
   
2. 
   Liabilities to passengers and non passengers and non passengers
   
3. 
   International regulations guiding aviation.
   
4. 
   Loss of license insurance
   

1. 
   Meaning and scope of engineering insurance
   
2. 
   Type of engineering Insurance e.g. Broiler, Explosion, computers and all risks.
   

1. 
   Meaning of Business Interruption Insurance
   
2. 
   Machinery breakdown and causes of machine breakdown,
   
3. 
   Scope of the insurance cover.
   

1. 
   Fire incidence under business interruption Insurance
   
2. 
   Consequential loss policy
   

Risk Management:-

1. 
   Meaning of risk management
   
2. 
   How risks can be managed.
   
3. 
   Risks that may be managed
   

Employers’ liability Insurance.

1. 
   Meaning of employers liability Insurance.
   
2. 
   Different perils covered under employer’s liability insurance.
   
3. 
   Workman compensation policy
   
4. 
   Cover and benefits available
   

Revision

Examination

Students states two differences of burglary and theft insurance.

Use of tabular charts.

Teacher explains the concepts, state various perils, properties covered and explain with example each policy.

Students mention and various perils, in the sea, explain two types of policies in marine.

Specimen documents /Charts.

Teacher explains aviation insurance, risks, policies.

Students define aviation insurance, state two risk, policies involved.

Specimen of aviation Insurance document

Teachers explain the concepts, state regulations guiding aviation industry.

Students visit to airport.

Teachers explain the concepts, scope, and state type of engineering insurance.

Students define, explain the scope and type.

Use of chart

Teachers explain the concepts and its scope.

Students define business Interruption Insurance, state three causes of machine breakdown.

Use of chart, specimen document.

Teachers explain the concepts and its scope.

Students define business Interruption Insurance, state three causes of machine breakdown.

Use of chart, specimen document.

Teachers state the meaning, state risk that can be managed,

Students identify risks that need to be managed.

Use of chart/internet

Teachers explain the concepts, state perils covered, explain workman compensation policy.

Students identify perils involved, explain employer’s liability insurance.

Use of chart, internet, journals.

Teacher explains the concepts, state perils covered, explain workman compensation policy.

Students identify perils involved, explain employer’s liability insurance.

Use of chart, internet, journals.

Revision

Examination

2.

3.

5.

6.

8.

9.

11.

Employer liability insurance (cont.)

INSURANCE PRODUCT:-

Public liability

1. 
   Meaning of public liability
   
2. 
   Personal /public liability policy
   
3. 
   Product liability policy. How it may arise.
   

1. 
   Meaning of Professional indemnity insurance
   
2. 
   Professionals that may requires professional indemnity insurance e.g. Doctor, lawyer, insurance brokers, accountant, architects etc.
   

Term assurance

1. 
   Meaning of term assurance.
   
2. 
   Forms of term assurance e.g. Individual and group, increasing term assurance, decreasing term assurance, renewable term assurance.
   
3. 
   Use of term assurance
   
4. 
   Different between the term assurance.
   

Endowment assurance

1. 
   Meaning of endowment assurance (content).
   
2. 
   Types/ application of endowment assurance. E.g. ordinary endowment, family income benefits (FIB).
   
3. 
   Distinguish the various type of endowment policy
   
4. 
   State benefits provided by each type of endowment policy (Uses).
   

1. 
   House purchase endowment assurance.
   
2. 
   Educational endowment assurance.
   
3. 
   Risks covered in endowment assurance.
   

Whole life assurance policy

1. 
   Meaning of whole life assurance policy.
   
2. 
   Mode of operation in whole life assurance.
   
3. 
   Difference between whole life and endowment policy.
   

1. 
   Uses of Whole life assurance
   
2. 
   Premium payment and maturity
   
3. 
   Type of whole life assurance
   

Personal accident insurance:

1. 
   Meaning of personal accident insurance
   
2. 
   Form of personal accident insurance/ scope of cover.
   
3. 
   Who buys personal and group accident policy?
   

Insurance Cont.

1. 
   Perils covered
   
2. 
   Benefits provided
   

Examination

Students identify the importance of the policy. Internet /chart.

Teacher explains the concepts, states circumstances that calls for liability cover.

Students state the two types of personal liability.

Specimen document /chart.

Teacher explains the concepts, state professional that may need this policy

Students define this concept, state two professional that needs such policy.

Specimen document/chart.

Teacher explains the concepts, state forms of term assurance, differences.

Students identify each type of assurance and compare them.

State two uses of term assurance and two differences between the forms of term assurance.

Uses of tabular chart/ internet.

Teacher explains the concepts, state types, distinguish between each type, and its use. Student defines the concept, state two types of endowment assurance.

Policy document/ internet.

Teacher explains the concepts, state its uses and risk covered.

Students identify at least two importance of each type of policy.

Use of specimen document/ chart.

Teacher explains the concepts, state mode of operation.

The student states the differences between whole life and endowment.

Uses of chart, tabular presentation/ internet.

Teacher states the uses, premium payment and maturity, types of whole life assurance.

Students identifies type of whole life and differentiate with life assurance

Chart /internet.

Teacher states/explains concept :-

Personal accident. State the forms personal accidents. Insurance cover.

Student defines the concept, state who buys it, explains group accidents policy.

Policy document specimen

Teacher states/explains concept :-

Personal accident. State the forms personal accidents. Insurance cover.

Student defines the concept, state who buys it, explains group accidents policy.

Policy document specimen