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Financial Accounting Lesson Notes for SSS3 First Term

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Download well organized and Detailed Financial Accounting Lesson Notes for SSS3 First term in PDF or Document format – Edudelight Store

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

FINANCIAL ACCOUNTING

WEEKS TOPICS
1 REVISION
2 Preparation of company income statement
3 Appropriation account of a company – Goodwill preliminary expenses, reserves, dividend, bonuses
4 Company balance sheet – vertical and ‘T’ formats
5 Capital markets

–          Meaning, reasons for regulation, types of regulation, condition of enlisting in capital market

6 Security and exchange commission

–          Functions, objectives, protection of investors, tools of regulation, registration, surveillance and monitoring, investigations, enforcement, rule making

7 Nigeria Stock Exchange

–          Definition, functions, operations

–          Members (jobbers, brokers etc)

–          Abuja stock/commodity exchange

8 Hire purchase/installment payment account

–          Sellers and hires ledger

–          Goods account, finance house

–          Hire purchase account/interest account

9. Consignment Account

–          Meaning, terminologies (Decree commission)

–          Consignor and consignee accounts

–          Accounting entries in the books of the consignee

10 Joint Venture

–          Meaning, differences between joint venture and partnership

–          Joint venture (individual account)

–          Joint venture memorandum account

11 REVISION
12 EXAMINATION

REFERENCE BOOKS

  • Essential Financial Accounting by O.A. Longe
  • Comprehensive Accounting for S.S. by J.U. Anyaele

SS3 First Term Financial Accounting Lesson Note – Edudelight Store

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