HomeSS 1Financial AccountingFinancial Accounting SS1 First Term Lesson Notes

Financial Accounting SS1 First Term Lesson Notes

Weekly Brief List of Topics for SS1 Financial Accounting (First Term)

  1. Week 1:
    • Introduction to Accounting
      • Meaning of Bookkeeping
      • Meaning of Financial Accounting
      • Differences between Bookkeeping and Financial Accounting
      • Importance of Accounting
  2. Week 2:
  3. Week 3:
    • Advantages and Limitations of Accounting
      • Accounting Process Cycle
      • Identifying and Analyzing Business Transactions and Events
      • Recording in the Journals
      • Posting to the Ledger
      • Extraction of Trial Balance
      • Preparation of Financial Statements
  4. Week 4:
  5. Week 5:
  6. Week 6:
  7. Week 7:
  8. Week 8:
  9. Week 9:
    • The Ledger
      • Classification of Accounts
      • Cash Book: Meaning and Types
      • Single Column Cash Book
  10. Week 10:
  11. Week 11:
    • Discounts
      • Meaning, Types, Reasons for Giving Discounts
      • Calculation of Discounts
  12. Week 12:
  13. Week 13:

This weekly breakdown covers all the topics from the first term of SS1 Financial Accounting

Accounting Senior Secondary School SS1 First Term

 

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