Financial Accounting Lesson Notes for SSS3 Second Term

Download Comprehensive Senior Secondary School Lesson Notes for Financial Accounting SSS3 2nd term in PDF or DOCUMENT – Edudelight

Senior Secondary School 3 Second Term Financial Accounting Scheme of work with lesson notes content

WEEK 1 – Contract Accounts

Contract Accounts

–           Meaning, terminologies – National profit, retention fee, work certified.

–           Work-in-progress, calculation of percentage of

WEEK 2 – Interpretation of Financial statement

Interpretation of Financial statement

– Calculation of ratios e.g. liquidity ratio, acid test ratio, working capital etc.

WEEK 3 – Departmental Account – Meaning

Departmental Account – Meaning

–           Reason for departmental Account

–           Inter Departmental transfer.

–           Lost Apportionment.

–           Preparation of departmental Account.

–           Differences between branch and departmental Account.

WEEK 4 – Branch Account

Branch Account

–           Meaning, types of branches – Local, foreign.

–           Reasons for the branch Account.

–           Branch memorandum Account.

–           Branch returns Account

–           Branch debtors Account.

–           Branch Profit and loss Account.

–           Branch mark-up and margin.

 

WEEK 5 – Public Sector Accounting.

Public Sector Accounting.

–           Meaning, basis for preparation of Account, sources of government revenue.

–           Capital/Re-current expenditure.

–           Heads and sub-heads.

–           Types of fund.

–           Capital and revenue Account.

–           Income and expenditure Account.

–           Differences between government Accounting and public sector Accounting – Term in government Accounting.

 

WEEK 6 – Preparation of personnel cost Budget.

Preparation of personnel cost Budget..

WEEK 7 -8 – Revision

MOCK EXAMINATION

WEEK 9 – 13 – MOCK EXAMINATION

Mock Examination

REFERENCE BOOKS

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

SS3 Second Term Financial Accounting Lesson Note – Edudelight Store