Teacher explains insurance and leads discussion on types of risks.
Students write notes on basic principles of insurance.
Resources; charts, pictures, posters etc.
13
Revision
Revision
14
Examination
Examination
COMMERCE
SS 2 SECOND TERM
WEEK
TOPIC/CONTENT
ACTIVITIES
1
BANKING
Meaning, origin and types.
Commercial bank, functions, loan and overdraft.
Types of bank account, saving and fixed deposit.
Teacher leads discussion on types of banks.
Students role play the banking activities and participate actively in class discussion.
Resources; cheque booklets, teller, A.T.M cards.
2
TYPES OF BANK ACCOUNT
Current accounts- meaning, procedures for opening a current, factors to be considered before granting a loan by the bank manager.
Cheque; definition, parties to a cheque, problems involved in the use of a cheque.
Types of cheque; order, open, bearer and crossed cheque.
Teacher leads discussion on types of banks.
Students role play the banking activities and participate actively in class discussion.
Resources; cheque booklets, teller, A.T.M cards.
3
FORMS OF CHEQUE
Stable cheque, post dated, certified, bounced, dishonoured cheque.
Crossed cheque- general and special crossing.
Reasons for dishonouring cheques.
Teacher leads discussion on types of banks.
Students role play the banking activities and participate actively in class discussion.
Resources; cheque booklets, teller, A.T.M cards.
4
PAYMENTS
Automated teller machine card, western union, money gram.
Computer and the bank, e- banking.
Teacher organizes a visit to any ATM and explains in detail how the machine operates.
Students identify the benefit of ATM
5
CENTRAL BANKING
Meaning, origin and functions of central bank.
How central bank controls commercial banks, clearing houses.
Roles of central bank in economic development of West Africa.
Distinguish between central bank and commercial bank.
Teacher organizes a visit to any ATM and explains in detail how the machine operates.
Students identify the benefit of ATM
6
SPECIALIZED BANKS
Developed banks, merchant bank, meaning and functions.
Mortgage bank, meaning and functions.
Building societies; meaning and functions.
Universal banks; meaning and functions.
Teacher organizes a visit to any ATM and explains in detail how the machine operates.
Students identify the benefit of ATM
7
WAREHOUSING
Meaning and types.
Importance and functions.
List the advantages and disadvantages of warehousing.
Teacher leads discussion on the meaning and importance of warehousing in business.
Students fully participate in the discussion.
Resources; pictures, diagrams, and charts.
8
CAPITAL
Meaning, economist, accountants, and layman concept.
Types of capital; authorized/registered/ nominal, issued, called-up, capital owned etc
Working capital
Teacher leads the students to examine annual reports of companies to identify various types of capital.
Teacher also works examples on the board.
Students should calculate working capital.
Resources; annual reports.
9
CREDIT
Meaning, basis for credit sales, advantages and disadvantages.
Types; mortgage, loan, overdraft, credit deferred payment, finance houses/leasing etc.
Hire purchase; meaning, features, characteristics, advantages and disadvantages to the seller and the buyer.
Teacher invites a local business man/ farmer/trader, who can narrate how credit has helped or ruined his business, collect newspaper cuttings of finance houses, describes credit instruments.
Students should listen and ask questions.
Resources; newspaper cuttings of finance houses, hire purchase agreement.
10
CREDIT CONTD
Differences between hire purchase and deferred payment, and their similarities.
Functions of credit to the wholesaler and retailer.
Credit instrument; bill of exchange, promissory note, letter of credit, debentures, vouchers etc.
Teacher invites a local business man/ farmer/trader, who can narrate how credit has helped or ruined his business, collect newspaper cuttings of finance houses, describe credit instruments.
Students should listen and ask questions.
Resources; newspaper cuttings of finance houses, hire purchase agreement.