Education resource centre

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  Meaning
  
• 
  Terminologies
  
• 
  Preparation of purchase of business in purchaser’s books; journal entry.
  

Resources; charts, purchase of business account format.

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  Vendor’s account
  
• 
  Balance sheet
  
• 
  Preparation
  

Resources; charts, purchase of business account format.

• 
  Definition, types of goods on hire purchase
  
• 
  Terminologies
  
• 
  Operation of hire purchase system
  
• 
  Calculation of interest charge.
  

Students write short notes on the operation and importance of hire purchase, group discussion on hire purchase and installmental payment transaction, prepare hire purchase and installmental payment accounts.

Resources; charts, pictures, invoice documents.

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  Preparation of hire purchase account
  
• 
  The hirer’s books
  
• 
  The vendor’s books
  

Students write short notes on the operation and importance of hire purchase, group discussion on hire purchase and installmental payment transaction, prepare hire purchase and installmental payment accounts.

Resources; charts, pictures, invoice documents.

Meaning/definition

Terminologies

Preparation of account sales.

Students listen and react by asking questions, take part in the preparation of the consignment account.

Resources; chart, pictures, and invoice documents.

Entries in the books of consignor (preparation).

• 
  Goods sent on consignment acct.
  
• 
  Consignee’s account
  
• 
  Trading, profit and loss account.
  

Students listen and react by asking questions, take part in the preparation of the consignment account.

Resources; chart, pictures, and invoice documents.

• 
  Meaning/definition
  
• 
  Differences between partnership and joint ventures
  

Students write short notes on joint ventures, differentiate between joint ventures and partnership, and prepare joint venture account.

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  Preparation of joint venture accounts
  
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  Individual’s account
  
• 
  Joint venture memorandum account.
  

Students write short notes on joint ventures, differentiate between joint ventures and partnership, and prepare joint venture account.

• 
  Meaning/definition
  
• 
  Basis for apportionment of expenses
  
• 
  Advantages of departmental account.
  

Students write short notes on joint ventures, differentiate between joint ventures and partnership, and prepare joint venture account.

• 
  Preparation of trading, profit and loss account
  
• 
  Stressing departmental transfer
  
• 
  Preparation of departmental balance sheet.
  

Students write short notes on the meaning, need and advantages of departmental account, participate in the preparation of departmental account.

Resources; chart, flash card.

• 
  Description of branch organization
  
• 
  Types of branch; local and foreign
  
• 
  Importance of branch account
  
• 
  Difference between branch and departmental organization.
  

Students listen to teacher and react by taking notes, distinguish between local and foreign branch, observe and prepare branch account.

Resources; chart, pictures, invoice and document.

• 
  Preparation of branch account
  
• 
  Head office books
  
• 
  Branch office books.
  

Students listen to teacher and react by taking notes, distinguish between local and foreign branch, observe and prepare branch account.

Resources; chart, pictures, invoice and document.

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  Meaning of contract account
  
• 
  Terminologies used
  
• 
  Preparation in the proprietor’s book for each contract
  
• 
  Preparation in the contractor’s books.
  
• 
  
  

Students participate during explanation, work examples on contract account.

Resources; charts, diagrams.

• 
  Sources of government revenue
  
• 
  Terminologies used;
  
• 
  Head, sub-head, estimate etc
  
• 
  Classification of expenses.
  

1. 
   Capital expenditure
   
2. 
   Recurrent expenditure
   

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  Preparation of public sector account
  
• 
  Capital expenditure account
  
• 
  Revenue account
  
• 
  Recurrent expenditure account.
  

Students identify sources of government revenue, write the differences between capital and recurrent expenditures, state at least five ways government uses its revenue, list the items on capital and recurrent expenditures, participate in the preparation of public sector accounts.

Resources; charts, pictures, federal/states government’s budget, publications on revenue allocation by federal government, publications by federal, state and local government.

• 
  Meaning/definition
  
• 
  The computer;
  

1. 
   Hard ware system
   
2. 
   Soft wares
   

• 
  Installation; factors to be considered.
  
• 
  Application in an accounting environment
  
• 
  Advantages/disadvantages of computer
  
• 
  Intranets and internet;- advantages and disadvantages.
  

Students pay attention to the meaning of data processing, write short notes on the following; hardware and software application in an accounting environment, factors to be considered in computer installation, intranet and internet.

Resources; pictures, computer set/laptop computer, resource person.

1. Revision on SS 2 work.

2. Documents used in foreign trade. Meaning of foreign trade –

a. Certificates of company’s registration.

b. Letter of credit.

c. International credit card.

3. Documents used in foreign trade:

d. Credit guarantee

e. Bill of lading.

Students listen and participate.

Past question paper, samples of company registration certificate,

Cardboard showing documents for foreign trade.

f. Air way bill

g. indent

h. Certificate of insurance

i. Consular invoice

j. Certificate of origin

k. Mate receipt

l. Ship manifest

m. Certificate of insurance.

Students listen and participate.

Past question paper, samples of company registration certificate,

Cardboard showing documents for foreign trade.

n. Bill of exchange

o. Weight note

p. Bill of sight

q. Dock warrant

r. Bill of entry

s. Entry for free goods

t. Dock lading account

u. Export invoice

v. Entry for ware house

w. Bill of health.

Students listen and participate.

Past question paper, samples of company registration certificate,

Cardboard showing documents for foreign trade.

x. Freights note

y. Custom specification

z. Import license

- NAFDAC registration number for food and drug. Standard organisation of Nigeria (SON) for other products

I. Means of payment in foreign trade (a) telegraph transfer (b) Guaranteed mail transfer (c) mail transfer

II.(d) foreign bill of exchange

(e) Traveller cheque (f) Bank draft, factoring

III. Letter of hypothetication, letter of credit

I. Certificate of company registration, NAFDAC for food and drug products, SON for other products.

II.Licences- meaning state government and local government

Cardboard showing home trade documents.

I.Licences- importance

2.Licences- uses

3.Licences- benefits

Cardboard showing importance, uses and benefits.

I. Meaning of computer and components of computer

II. Components of computer cont

III. Characteristics of a computer

Visit to school computer room

I.Classification of computers (a) Mainframe (b) minicomputer (c) microcomputer

II. softwares- meaning, classes (a) system software- meaning, classes- translators, opening systems etc.

III. software- (b) application programmes- meaning,

Division- ready made package (application packages) programme that we write our selves.

Computer room, different types of software.

I. What is word processing, types of word processing package (a) word star, (b) word perfect (c) Microsoft word (iv) note pad

II. Common features of word processing.

III. Creating and editing documents e.g. writing of simple business letter

Software packages, sample of business letters.

- Revision on last terms work.

- Printing of letters.

- Storing of information in computer.

Students practice.

Sample of printed works.

- Retrieving files and documents.

- Moving and copying texts.

- Text formatting.

Computer with stored files.

- Deleting of document already stored in the computer.

- Functions of computer.

- Importance of computer.

Students participate.

Computer with stored files.