Financial Accounting

Transactions in Financial Accounting

Lesson Note on Transactions – Meaning and Classification Subject: Financial Accounting Class: Senior Secondary School (SSS 1) Term: First Term Week: 5 Age: 14-16 years Duration: 40 minutes Topic: Transactions – Meaning and Classification Sub-topic: Meaning and Types of Transactions Behavioral Objectives By the end of this lesson, students should be able to: Define a

First Term Examination on Financial Accounting SS1

Lesson Plan: Examination Subject: Financial Accounting Class: SS1 Term: 1 Week: 13 Age: 15-16 years Topic: Examination Sub-topic: First Term Examination on Financial Accounting Duration: 1 hour 30 minutes Behavioral Objectives: By the end of the examination, students should be able to: Recall and apply the concepts, principles, and techniques they have learned throughout the

Discounts in Accounting: Trade and Cash Discounts Explained

Lesson Plan: Discounts Subject: Financial Accounting Class: SS1 Term: 1 Week: 11 Age: 15-16 years Topic: Discounts Sub-topic: Meaning, Types, Reasons for Giving Discounts, Calculation of Discounts Duration: 1 hour Behavioral Objectives: By the end of the lesson, students should be able to: Explain the term “discount” and identify the different types of discounts. State

Double Column Cash Book Definition, Format, Use of Columns, Preparation

Lesson Plan: Double Column Cash Book Subject: Financial Accounting Class: SS1 Term: 1 Week: 10 Age: 15-16 years Topic: Double Column Cash Book Sub-topic: Definition, Format, Use of Columns, Preparation Duration: 1 hour Behavioral Objectives: By the end of the lesson, students should be able to: Define the cash book and explain its purpose. Identify

Sales and Purchase Journals Discount Calculations Financial Accounting SS 1

Lesson Plan: Working Exercises on Sales Journals and Return Inward Journal / Working Exercises on Purchase Journal and Return Outward Journal Subject: Financial Accounting Class: SS1 Term: 1 Week: 8 Age: 15-16 years Topic: Working Exercises on Sales Journals and Return Inward Journal / Working Exercises on Purchase Journal and Return Outward Journal Sub-topic: Solving

First Mid-Term Break Test for Financial Accounting (SS1)

Mid-Term Break Test for Financial Accounting (SS1) Instructions: Answer all questions. Write your answers clearly and legibly. For multiple-choice questions, circle the correct answer. Ensure to review your work before submission. Objective Questions Which of the following is the primary purpose of accounting? a) To record only cash transactions b) To provide financial information for

Sales and Purchase Journals in Accounting for SS1

Financial Accounting SS1 First Term Lesson Note Week 6: Sales and Purchase Journals Subject: Financial Accounting Class: SS1 Term: First Term Week: 6 Age: 14-16 years Duration: 40 minutes Topic: Sales and Purchase Journals Sub-Topics: Return Inwards Journal Return Outwards Journal Cashbook Behavioral Objectives By the end of the lesson, students should be able to:

Accounting Equation and Double Entry Principle Financial Accounting SS1

Financial Accounting SS1 First Term Lesson Note Week 5: Accounting Equation and Double Entry Principle Subject: Financial Accounting Class: SS1 Term: First Term Week: 5 Age: 14-16 years Duration: 40 minutes Topic: Accounting Equation and Double Entry Principle Sub-Topics: Purpose and Functions of Source Documents Introduction to Subsidiary Books Meaning of Subsidiary Books Types of