Commerce Lesson Notes for SS2 1st Term

Download well organized and Detailed Commerce Lesson Notes for SS2 1st term in PDF or Document format – Edudelight Store

Senior Secondary School 1 First term Commerce Scheme of work with lesson notes content

WEEK           TOPIC

1. Revision/Public Enterprises.

• Meaning, formation and management of public enterprises.
• Sources of capital, reasons for govt. ownership of public enterprises, Advantages and disadvantages.

2. Limited Companies.

• Meaning, Types, Private, Public
• Formation legal requirement (a) memorandum of association (b) article of association.

3. Limited Companies (cont’d)

• Source of Capital
• Shares (b) Stocks (c) Debentures (d) Retained Profits (e) Loan and Over-draft (f) Trade Credit (g) Leasing, factoring. Advantages and disadvantages.

4. Cooperative societies – Definition, history, characteristics, Types of cooperative societies, advent
5. ages and disadvantages, problems of cooperative societies, similarities and differences between cooperative society and company.
6. Commodity Exchange

• Meaning, Tradable, types: Agricultural produce, solid minerals, oil and gas, etc.

7. Requirement for trading: trading system, ware housing, clearing system, standardizing methods

Agricultural production, Agricultural product.

• Benefits of commodity exchange, encourage exploration of solid minerals, foreign exchange earing, improved agricultural output and quality.

8. Constraints to commodity trading, inadequate supply, poor storage, bad weather, middlemen, ethical issues, inadequate knowledge of the workings on commodity exchange. Differentiate between commodities and stock items traded intangible, tangible etc. method of pricing.

9. Buying and selling (Documents) procedures of buying and selling, essential documents:- letter of enquiry, invoice, credit note, debit notes, receipts, quotation, catalogue, etc.
10. Terms of Trade:

• Trade discount, cash discount, quality discount, carriage forward prompt delivery, carriage paid etc. Trade abbreviations: C.O.D, C.I.F, F.O.B, F.O.T, and E and O.E.

11. Terms of Trade cont’d.
12. Examination

SSS2 First Term Commerce Lesson Note – Edudelight Store