FINANCIAL ACCOUNTING Edu Delight Tutors (1) Which of the following is the book of original entry for all payments and receipt whether by cash or cheque (a) Sales day book (b) Purchase day book (c) Cash book (d) journal book (2) Which of the following fixed asset is not depreciable (a) Building (b) Budding (c)
S S ACCOUNTING 1. The term “accounting period” is used to refer to the A. time span during which taxes are paid to the inland revenue board B. budget period, usually one year, relied on by the accountant C. time span, usually one year, covered by financial statement D. period within which debtors are expected
Subject: ACCOUNTING Term: FIRST TERM Week: WEEK 8 Class: SS 1 Topic: TYPES OF DISCOUNTS Behavioural objectives: At the end of the lesson, the learners will be able to explain the meaning of discounts identify various types of discounts explain the types of discounts in accounts distinguish between cash discount and trade discount. Previous
SECOND TERM E-LEARNING NOTE SUBJECT: FINANCIAL ACCOUNTING CLASS: SS 1 SCHEME OF WORK WEEK TOPIC – 2 Cash Book – Single Column Cash Book/Double Column Cash Book – 4 Three Column Cash Book – 6 Petty Cash Book Accounts: Meaning and Classifications: The Ledger: Meaning and Classification – 9 The Trial Balance – Preparation, Uses
SCHEME OF WORK 1 1st TERM ACCOUNTING SS 1 WEEK TOPIC BOOK KEEPING AND ACCOUNTING THE NEED FOR BOOKING AND ACCOUNTING ETHICS OF ACCOUNTING PRINCIPLES AND PRACTICE OF DOUBLE ENTRY ACCOUNTING CONCEPTS AND CONVENTIONS THE USE OF GENERAL JOURNALS AND OPENING AND CLOSING ENTRIES OF GENERAL JOURNALS. CORRECTION OF ERRORS TYPES OF DISCOUNTS ANALYTICAL CASH
First Term Revision of SS2 Work Preparation of Company Income Statement Appropriation Account of a Company Goodwill Preliminary Expenses Reserves Dividend Bonuses Company Balance Sheet Vertical T Format Capital Market Meaning Reasons for Regulation Types of Regulation Conditions for Enlisting in Capital Market Securities and Exchange Commission Functions Objectives Protection of Investors Tools of Regulation
Subject: Business Studies (Accounting) Class: SS1 Term: First Term Weeks: Introduction to Bookkeeping and Accounting Topics: Importance and History of Accounting in Nigeria Users of Accounting Information and Purpose for Which They Are Needed Advantages and Limitations of Accounting Career Opportunities in Bookkeeping and Accounting Accounting Professional Bodies Accounting Professional Ethics Accounting Concepts and Convention
