Education resource centre

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1. 
   Explain stock valuation
   
2. 
   State the purpose of stock valuation
   

1. 
   List different method of stock valuations.
   
2. 
   Compute stock valuation using FIFO method.ie first in first out.
   

1. 
   Revist single column and double column cashbook as a reminder.
   
2. 
   Explain the three column cashbook
   
3. 
   Identify the column of a three column cash book.
   

1. 
   Differentiate between single, double and three column cash book
   
2. 
   Prepare three column cash books.
   

1. 
   State the classes of ledger
   
2. 
   Identify column in ledger.
   

1. 
   Explain extraction from cash book to ledger
   
2. 
   Post transactions into a ledger.
   

1. 
   Define Profit and loss accounts.
   
2. 
   Preparation of profit and loss account with adjustment e.g prepayment, accruals, depreciation, bad and doubtful debts.
   

1. 
   Practice more exercise on trading profit and loss account with adjustment
   
2. 
   Excursion to a business organisation.
   

1. 
   Explain the treatment of the adjustment in the balance sheet i.e bad and doubtful debts on debtor, depreciation on fixed assets, accruals as liabilities and prepaid as assets
   

Examination

Students Activities: Learners ask questions on the purpose of stock valuation.

Instructional Resources:

A chart showing stock valuation.

1. 
   List different methods of stock valuation.
   
2. 
   Compute FIFO method
   

Instructional resources: A chart showing different methods of stock valuation.

Guide the students to identify the columns of three columns cash book.

Students Activities- leads students to differentiate between single double and three column cash book

Instructional Resources: A chart showing the format of three column cash book.

1. 
   Differeciate between single column cash book double and three column cash book.
   
2. 
   Prepare three column cash book.
   

1. 
   Explains classes of ledger
   
2. 
   Lists the columns in the ledger.
   

Instructional Resources: A chart showing the format of three column cash book.

Student Activities - Learner to understanding how to post transactions into a ledger and practice more exercises.

Instructional Resources: A chart showing the format of ledger.

Teacher Activities:

1. 
   Defines trading profit and loss account.
   
2. 
   Explain trading profit and loss account with adjustment.
   

1. 
   Guides students to make adjustment
   
2. 
   Prepare trading profit and loss account.
   

Student Activities: learner practice more exercise.

Instructional resources, annual report, charts relevant text books.

Revision.

Examination

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1. 
   Meaning of receipt and payment
   
2. 
   Limitation of receipt and payment.
   

Receipt and payment:

1. 
   State the purpose of receipt and payment
   
2. 
   Explain features of receipts and payment.
   

Receipt and payment:

1. 
   Identify users of receipts and payment
   
2. 
   Identify the concepts of receipts and payment.
   

Receipt and payments:

1. 
   Prepare a simple receipt and payment
   
2. 
   Excursion to a non- profit making organisations
   

Income and expenditure:

1. 
   Meaning of income and expenditure
   
2. 
   Differentiate between income and expenditure and receipts and payment.
   

Income and expenditure:

1. 
   Identify the users of income and expenditure account.
   
2. 
   Identify the contents of income and expenditure.
   

Income and expenditure:

1. 
   Features of income and expenditure.
   
2. 
   Source of income of non profit making organisation.
   

Income and expenditure:

1. 
   Determination of purchases through the use of total purchases/creditors control account.
   
2. 
   Determination of sales through the use of total debtors control account.
   

Prepare a subscription in advance and arrears as it affect income and expenditure account.

Income and expenditure:

Prepare a simple income and expenditure account.

Income and expenditure:

Prepare more exercises on income and expenditure account.

Revision

Examination

1. 
   Define receipts and payment.
   
2. 
   State the limitations
   

Instructional Resources: A chart showing the limitations of receipts and payments.

Teacher Activities:

1. 
   Explain purpose of receipt and payment.
   
2. 
   State the features of receipt and payment.
   

Instructional Resources: A chart showing the purpose of receipt and payments.

Teacher Activities:

1. 
   List the users of receipt and payment
   
2. 
   Guide the student to understand its content.
   

Instructional Resources:

1. 
   Annual report of non profit making organisation
   
2. 
   Excursion to non profit making organisation.
   

Students Activities: Learner understands how to prepare a simple receipt and payment account.

Instructional Resources: A chart Annual reports of non-profit rganization.

Teacher Activities:

1. 
   Explain income and expenditure
   
2. 
   Differentiate between income and expenditure and receipt and payment.
   

Learner understands the income and expenditure account

Instructional Resources: A chart showing the difference between income and expenditure, Receipt and payment.

Teachers activities:

1. 
   List the users of income and expenditures
   
2. 
   Explain the content of income and expenditure.
   

1. 
   Understand the users of income and expenditure
   
2. 
   Understand the content of income and expenditure
   

Teacher Activities:

1. 
   Explain the Features of income and expenditure.
   
2. 
   List source of income of non profit making organisation.
   

Instructional Resources: a chart showing the list of sources of income of non profit making organization.

Teachers Activities: explains how to determine sales and purchase when preparing trading assets of non-profit making organization

Student Activities: learners understand the income and expenditure account.

Instructional Resources: A chart showing the format of total debtors and creditors control account.

Teacher Activities: Explain treatment of subscription in arrears and advance in income and expenditure account.

Student Activities: learners organiza more exercise on the treatment of subscription in arrears and advance.

Instructional resources: A chart showing the format of subscriptions in arrears and advance.

Guides the students to prepare income and expenditure account.

Students Activities: learner goes on excursion to non-profit making organization.

Instructional resources: annual report of a non-profit making rganization.

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  Formats of income and expenditure.
  

Instructional Resources: Annual Report and a chart showing the format of a non-profit rganization.

Revision

Examination