Sales Ledger (Total Debtors Control Account)
Explain the meaning and uses of control account.
identify sales ledger.
prepare sales ledger control account.
Trial Balance and Correction of Error:Suspense Account
Explain the need for trial balance.
Extract balances from ledger to the trial balance.
Balance the trial balance.
Correct Errors that affect the trial balance.
Identify Errors that do not affect the trial balance.
Trial Balance and Correction of Error (II)
Explain the need for trial balance.
Extract balances from ledger to the trial balance.
Balance the trial balance.
Correct Errors that affect the trial balance.
Identify Errors that do not affect the trial balance.
Balance Sheet
Distinguish between assets and liabilities.
Identify the different types of assets and liabilities.
Classify assets and liabilities.
Prepare a balance sheet.
Adjustments in Profit and Loss Account
Distinguish between bad debts and provisions for bad debts.
Make the entries of bad debts and bad debts provisions into Ledger and Final Account.
Distinguish between prepayments (payments in advance) and accruals (payments in arrears).
Make entries of payment (payment in advance) and Accounts (payments in arrears) to the final account.
Identify provisions for discount allowable.
make entries into the ledger and final accounts of provisions for discounts allowable.
Identify provisions for depreciation.
Make entries into ledger and final accounts of provisions for depreciation.
Profit and loss Account
Learners should be able to:
Explain Profit and Loss
Account items from given information.
Identify the format of a Profit and Loss Account.
Prepare Profit and Loss account.
Determine net Profit or Loss.
Trading Account
Identify Trading Account items.
Prepare the Trading Account.
Determine:
– Cost of goods available.
– Cost of goods sold.
– Sales
Trial Balance and Correction of Error
Explain the need for trial balance.
Extract balances from ledger to the trial balance.
Balance the trial balance.
Correct Errors that affect the trial balance.
Identify Errors that do not affect the trial balance.
Classification of Accounts
Students should be able to:
Identify different classes of accounts.
Explain different classes of accounts.
Bank Reconciliation Statement(Iii)
At the end of this lesson, the students should be able to understand Bank Reconciliation Statement
Bank Reconciliation Statement(Iv)
At the end of this lesson, the students should be able to understand Bank Reconciliation Statement
Adjusted Cash Book: Bank Reconciliation Statement
Adjusted Cash Book: Bank Reconciliation Statement – Journal and Cash Account
Bank Reconciliation Statement
Explaining the following
-Dishonoured cheque
-Uncredited cheque
-Unpresented cheque
-Commission/Interest
-Standing Order
-Direct payment.
Interpreting bank statement
Adjusting the cashbook.
Reconciling cash balance with bank balance.
Analytical Cash Book
Students should be able to:
Identify the form of single and double columnar cash book.
Post transactions into single and double columnar cash book.
Distinguish between cash discount and trade discount.
Identify the form of the three columnar cash book.
Post transactions into three columnar cash book.
Post transactions of petty cash book on imprest sy..tern.
Distinguish between ordinary petty cash book and cash book on imprest system.
Post cash transactions the ledger
General Journal
Students should be able to:
Explain the uses of General Journal.
Journalize opening and closing entries of general journal.
Correct errors through the journals.
Identify the types of Journals.
Accounting Concepts(Ii)
At the end of this lesson, the students should be able to understand Accounting Concepts
Accounting Concepts(Iii)
At the end of this lesson, the students should be able to understand Accounting Concepts
Users Of Financial Accounting
At the end of this lesson, the students should be able to understand the Users Of Financial Accounting
Accounting Concepts
Identify the Accounting Concepts.
Explain the Accounting Concepts.
Principles of Double Entry
Students should be able to:
Explain the rules of Double Entry.
Apply the rules of Double Entry.