Level: Senior Secondary

Loan Capital

Explain the following terminologies
– debentures
– mortgage
– Interest
Distinguish between shares and debentures.
Prepare Debenture Account

Issue of Shares

Distinguish between different classes of shares.
Distinguish between Authorized Capital and Issued Capital.
Distinguish between issues at par, discount and premium.
Mention the types of shares.
prepare the various account related to issue of shares.

Financial System

explain the term financial system.
identify and define the components of the financial system

Quoted and unquoted Companies

define quoted and unquoted companies.
distinguish between quoted and unquoted companies.
State the features of each type.

Private and Public Companies

define Private and Public companies.
distinguish between private and public companies.
State the features of each type

Formation of a Company

state the requirement of companies and allied matters, Acts 1990 as regards formation of company
Explain terms relevant to the formation of a company

Single Entry System 2

At the end of this lesson, the students should be able to understand Single Entry System

Single Entry (incomplete Records)

Explain single entry (incomplete records)
Identify the limitations of single entry or in complete records.
Convert single entry to double entry.
Prepare statement of affairs.
Determine capital and profit.

Receipts and payment accounts, income and expenditure Accounts

Explain the following terminologies
* surplus
* Deficit
* Subscription
* Accumulated funds
* Receipts
* payment
* Income
* Expenditure
* Subscription in Arrears
* subscription in advance.
Distinguish
* income and expenditure.
* Receipt and payments.
Prepare
* Receipts and payment accounts.
4Prepare a balance sheet.

Manufacturing Account

At the end of this lesson, the students should be able to understand Manufacturing Account

Partnership Account

At the end of this lesson, the students should be able to understand Partnership Account

Appropriation Account

At the end of this lesson, the students should be able to understand Appropriation Account

Inherent Goodwill

At the end of the lesson, the student should be able to understand Inherent Goodwill

Purchase Goodwill

At the end of the lesson, the student should be able to understand Purchase Goodwill

Goodwill

Determine a new profit sharing ratio.
Raise goodwill account in the partners book.
Prepare a new partnership account.

Manufacturing Account (II)

Explain the following
* Prime cost
* Direct/indirect labour
* overhead (works, indirect expenses)
* work in Progress.
* Cost of Production.
Identify the items that make up the manufacturing account to trading accounts.
Prepare manufacturing accounts
Relates manufacturing account to trading account.
Prepare a balance sheet.