Scheme of work for secondary Accounting SSS 1 First Term

Subject: Business Studies (Accounting)
Class: SS1
Term: First Term

Weeks: Introduction to Bookkeeping and Accounting
Topics:

1. Importance and History of Accounting in Nigeria
2. Users of Accounting Information and Purpose for Which They Are Needed
3. Advantages and Limitations of Accounting
4. Career Opportunities in Bookkeeping and Accounting
5. Accounting Professional Bodies
6. Accounting Professional Ethics
7. Accounting Concepts and Convention
8. Principles of Double Entries
9. Accounting Equations
10. Legalization and Journalization
11. Source Documents
12. Subsidiary Books: Meaning, Uses, Types
13. One-Column Cash Book: Meaning and Uses
14. Double-Column Cash Book: Bank Transactions, Central Entry
15. Working Exercise on Subsidiary Books and Ledger
16. Classification of Accounts
17. Cash Book Account Exercise
18. Revision and Examination

Subject: Business Studies (Accounting)
Class: SS1
Term: Second Term

Weeks: Revision of Last Term’s Work
Topics:

1. Discounts: Types and Definitions
2. Reasons for Granting Discounts
3. Calculation of Discounts Allowed and Received
4. Three-Column Cash Book
5. Petty Cash Book: Meaning, Terminologies, Floats
6. Imprest System, Reimbursement
7. Posting Subsidiary Books into Ledgers
8. Trial Balance: Meaning, Uses, Rules for Extraction
9. Trading Account: Meaning, Reasons, Format, Preparation
10. Profit and Loss Account: Meaning, Format, Preparation
11. Balance Sheet: Definitions, Format
12. Bank Reconciliation Statement: Definitions, Reasons for Preparation
13. Bank Reconciliation with Credit and Debit Balance
14. End-of-Year Adjustments in Profit and Loss Account
15. Depreciation of Fixed Assets: Meaning, Methods
16. Treatment of Depreciation in Financial Statements
17. Preparation of Final Accounts with Adjustments
18. Revision and Examination

Subject: Business Studies (Accounting)
Class: SS1
Term: Third Term

Weeks: Revision
Topics:

1. Preparation of Bank Reconciliation with Credit Balance
2. Preparation of Bank Reconciliation with Debit Balance
3. End-of-Year Adjustments in Profit and Loss Account
4. Accruals and Prepayments
5. Accrued Income
6. Provision for Bad Debt
7. Bad Debt Recovered
8. Depreciation of Fixed Assets: Methods, Elements
9. Depreciation Schedule, Advantages and Disadvantages
10. Treatment of Depreciation in Financial Statements
11. Preparation of Final Accounts with Adjustments
12. Revision and Examination