Accounts

Scheme of work, Financial Accounting, SS1, Second Term

Olawunmi Omosanya - Mon, 17th June, 2019 @ 12:17: PM

Scheme of work (Financial Accounting), SS1, 2nd Term:

WEEK 1

Topic: GENERAL JOURNAL

  • Meaning and Definition of general journal
  • Uses of the general journal
  • Advantages of general journal
  • Opening and closing entries

 

WEEK 2

Topic: CORRECTION OF ERRORS

  • Errors in accounting
  • Errors that affect the trial balance
  • Errors that do not affect the trial balance
  • Location of errors
  • Correction of errors and preparation

 

WEEK 3

Topic: SUSPENSE ACCOUNT

  • Meaning of Suspense Account
  • Preparation of suspense account

 

WEEK 4

Topic: CLASSIFICATION / TYPES OF ACCOUNT

  • Personal account
  • Impersonal account
  • Real and nominal (explain and give examples)
  • Reasons and benefits

 

WEEK 5

Topic: BANK RECONCILIATION STATEMENT

  • Meaning / Definition of Bank Reconciliation Statement
  • Bank document
  • Terminologies used in bank reconciliation statement

 

WEEK 6

Topic: BANK RECONCILIATION STATEMENT

  • Interpretation of bank statements
  • Adjustments of cash books
  • Preparation of bank reconciliation

 

WEEK 7

Topic: ACCOUNTING CONCEPTS

  • Define accounting concept
  • Identify and explain the accounting concepts; for instance entity concept, going concept, money measurement

 

WEEK 8

Topic: TRADING ACCOUNT

  • Meaning / Definition of trading account
  • Terminologies used in trading account
  • Preparation of trading account

 

WEEK 9

Topic: PROFIT AND LOSS ACCOUNT

  • Meaning and Definition of profit and loss account
  • Identification of profit and loss account items
  • Format or Layout
  • Shape and Vertical method

 

WEEK 10

Topic: TRADING, PROFIT AND LOSS ACCOUNT

  • Preparation of trading profit and loss account
  • Determination of net profit and loss

 

WEEK 11

  • Revision

 

WEEK 12

  • Examination

 

Financial Accounting scheme of work, SS1, 1st Term

Financial Accounting scheme of work, SS1, 3rd Term

Read topics on Financial Accounting



Amazing facts in Accounts

It is believed that Bookkeeping is the only English word to contain three sets of double letters repeatedly.

please read our article on bookkeeping vs Accounting here


NOTABLE POINTS IN Accounts

CONTRIBUTE TO THIS TOPIC | ASK A QUESTION
PLEASE COMMENT WISELY: You can upload relevant images to your contribition just below this comment box


UPLOAD IMAGES TO YOUR COMMENT

lenLEN ACADEMY

LEN ACADEMY is a subsidiary of COSDA SYSTEMS

Copyright © , All rights reserved.

Designed by Alfred Ajibola | Powered by

PLEASE SUPPORT THIS EDUCATIONAL VISION BY BECOMING A PATRON:   +2348038093033 | Place Your Adverts