SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Source documents Introduction. Cash receipt.
Invoice.

By the end of the lesson, the learner should be able to:
Define a source document.
Give examples of source documents.
Describe features of a cash / cheque receipt.
Outline details of an invoice.

Exposition of new terms;
Brain storming;
Brief discussion.
Examine an invoice.
Probing questions on details of an invoice;
Discussion.

Cash receipts
Invoices.

New
Inventor
K.L.B.
BK IV.
Pg 1-2

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Debit note and credit note.
Payment voucher & petty cash voucher.

By the end of the lesson, the learner should be able to:
Define a debit note and a credit note.
Explain purposes of credit notes and credit note.
Identify entry features of a payment voucher & petty cash voucher.

Examine a debit note and a credit note.
Brief discussion on features of the notes.
Examine a payment voucher & petty cash voucher.
Discussion.

Debit note and credit note.
Payment voucher & petty cash voucher.

New Inventor K.L.B. BK IV. Pg. 5-6

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Books of original entry. Sales journal.

By the end of the lesson, the learner should be able to:
Highlight features of a sales journal.
Prepare a sales journal given credit sales.

Brief discussion;
Illustrated example.

Sales journal.

New Inventor K.L.B. BK IV. Pg. 8-10

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Posting from sales journal to sales ledger and general ledger.
Sales returns journal.

By the end of the lesson, the learner should be able to:
Transfer entries from a sales journal to a sales ledger and general ledger.
Explain purpose of a sales returns journal.
Prepare a sales return journal.

Discussion on illustrated examples.
Examine a sales return journal.
Discussion on its features Illustrated example: preparing a sales journal given a number of transactions.

Sales ledger.
Sales returns journal sample page.

New Inventor K.L.B. BK IV. Pg 10-12

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Posting entries to the general ledger and sales ledger.
Purchases journal.

By the end of the lesson, the learner should be able to:
Post entries from sales return journal to the general ledger and the sales ledger.
Prepare a purchases journal given some transactions.

Illustrated example;
Supervised practice.
Written exercise.
Exposition of new concepts;
Illustrated example on preparing a purchases journal given a number of transactions.

Sales return journal sample page.
Purchases journal sample page.

New Inventor K.L.B. BK IV. Pg 14

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Purchases return journal.

By the end of the lesson, the learner should be able to:
Prepare a purchases journal given some transactions.
Post entries from the journal to the purchases return ledger.

Exposition of new concepts;
Illustrated example on preparing a purchases journal given a number of transactions.
Supervised practice.

Purchases return journal sample page.

New Inventor K.L.B. BK IV. Pg. 17-19

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Cash receipt journal.
Cash payment journal.

By the end of the lesson, the learner should be able to:
Identify features of a cash receipt journal.
Post entries from the journal to the general ledger, cash book and debtors ledger.
Prepare a cash payment journal.
Post cash payment journal entries to ledger accounts correctly.

Illustrated example on preparing a purchases journal given a number of transactions.
Supervised practice.
Exposition of new concepts;
Illustrated example;
Written exercise.

Cash receipt journal.
Illustrated cash payment ledger.

New Inventor K.L.B. BK IV. Pg. 20-21

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

The petty cash book with imprest system.
Analysis cash book.

By the end of the lesson, the learner should be able to:
Make entries in a petty cash book.
Post entries from the book to ledger accounts.
Record transactions in an analysis cash book.

Illustrated examples;
Group assignments.
Exposition of new concepts;
Worked examples;
Discussion;
Written exercise.

Illustrated petty cash book.
Cash analysis sample page.

New Inventor K.L.B. BK IV. Pg.26-30

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

General journal.
Transactions passed through the general journal.

By the end of the lesson, the learner should be able to:
Record transactions in a general journal.
Identify transactions that are passed through the general journal.

Worked examples;
Supervised practice.
Exposition of new concepts;
Detailed discussion.

General journal sample page.
text book

New Inventor K.L.B. BK IV. 36-37

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Importance of journals.

By the end of the lesson, the learner should be able to:
State reasons for maintaining journals.

Probing questions;
Brief discussion;
Topic review & summary;
Review of written exercises.

text book

New Inventor K.L.B. BK IV. Pg. 41-53

FINANCIAL STATEMENTS

Introduction. Trading Period.

By the end of the lesson, the learner should be able to:


Give examples of financial statements.
Explain the concept of a trading period of a business.

Brainstorming, Q/A & Explanations.

text book

New Inventor K.L.B. BK IV. Pg. 54

FINANCIAL STATEMENTS

Gross Profit or Loss.

By the end of the lesson, the learner should be able to:
Determine the gross profit or loss of a business.

Go through worked examples using various approaches.
Supervised practice;
Group assignments.

charts

New Inventor K.L.B. BK IV. Pg. 55-57

FINANCIAL STATEMENTS

The Trading Account.

By the end of the lesson, the learner should be able to:
Define the term trading account.

Illustrate trading accounts with worked examples.

Q/A to review the process of obtaining gross profit or loss.
Worked examples.
Supervised practice.
Assignment.

text book

New Inventor K.L.B. BK IV. Pg. 57-60

FINANCIAL STATEMENTS

Net Profit or Loss.

By the end of the lesson, the learner should be able to:
Define the terms net profit net loss.
Determine net profit or loss.

Brief discussion on distinction between gross and net profit / loss;
Worked examples;
Supervised practice;
Written exercise.

chart

New Inventor K.L.B. BK IV. Pg. 60-62

FINANCIAL STATEMENTS

Profit or loss account.

By the end of the lesson, the learner should be able to:
Prepare profit or loss accounts.

Detailed discussion;
Worked examples;
Supervised practice;
Written exercise.

text book

New Inventor K.L.B. BK IV. Pg. 62-67

FINANCIAL STATEMENTS

Profit and loss account from a trial balance.

By the end of the lesson, the learner should be able to:
Prepare profit or loss accounts from a trial balance.

Supervised practice;
Written exercise.

magazines,charts

New Inventor K.L.B. BK IV.  pg 62-67

FINANCIAL STATEMENTS

The Balance Sheet.

By the end of the lesson, the learner should be able to:
Prepare a balance sheet after making adjustments on capital for specific items.

Exposition of adjustments made on capital for net profit, drawings and additional capital.
Worked examples and Exercises.

charts

New Inventor K.L.B. BK IV. Pg. 67-68

FINANCIAL STATEMENTS

The Balance Sheet.

By the end of the lesson, the learner should be able to:
Prepare a balance sheet after making adjustments on capital for specific items.

Exposition of adjustments made on capital for net profit, drawings and additional capital.
Worked examples and Exercises.

charts

New Inventor K.L.B. BK IV. Pg. 67-68

FINANCIAL STATEMENTS

The Balance Sheet from a trial balance.

By the end of the lesson, the learner should be able to:
Prepare a balance sheet from a trial balance.

Q/A to review a trial balance;
Worked examples.

text book

New Inventor K.L.B. BK IV. Pg. 67-68

FINANCIAL STATEMENTS

Types of Capital.
Types of capital in a balance sheet.

By the end of the lesson, the learner should be able to:
Outline types of capital.
Illustrate types of capital with balance sheet.

Probing questions;
Teacher?s explanations.
Illustrative examples.
Written exercise.

text book

New Inventor K.L.B. BK IV. Pg. 68

MONEY & BANKING

Introduction. Barter trade.

By the end of the lesson, the learner should be able to:


Explain the concepts of money and banking.
Describe merits and demerits of barter trade.

Brain storming;
Brief discussion.

text book

New Inventor K.L.B. BK IV. Pg 91-94

MONEY & BANKING

Money system Characteristics of money.

By the end of the lesson, the learner should be able to:
State characteristics of money.

Brainstorming and superficial discussion.

text book

New Inventor K.L.B. BK IV. Pg 95-96

MONEY & BANKING

Functions of money.
Demand for money (liquidity preference)

By the end of the lesson, the learner should be able to:
Explain major functions of money.
Define the term demand for money.
Explain the motives that influence the desire to keep money instead of other assets.

Probing questions;
Discussion.
Q/A: review the term demand.
Exposition and probing questions.

chart
text book

New Inventor K.L.B. BK IV. Pg. 96-97

MONEY & BANKING

Supply of money. Banking System.
Development of Banking. Commercial Banks.

By the end of the lesson, the learner should be able to:
Define the term supply of money.
Identify various monetary items that are in circulation in an economy.
Identify elements of banking system in Kenya.
Outline a brief history on development of banking.
Identify methods employed by commercial banks to generate profits.
Identify services offered by commercial banks.

Q/A: review the term supply.
Expository approach
Analyse the hierarchy of banks in Kenya.
Give examples of banks in each category.
Exposition and probing questions;
Detailed discussion.

chart,text book
text book

New Inventor K.L.B. BK IV. Pg. 99-100

MONEY & BANKING

Services offered by commercial banks.
Non-banking financial institutions.

By the end of the lesson, the learner should be able to:
Describe other services offered by commercial banks.
Cite examples of non-banking financial institutions.
State functions of non-banking financial institutions.
Outline differences between commercial bank and NBFI.

Discussion on lending money, safekeeping of valuable items, money transfer facilities, e.g. standing order, cheques, savings and current accounts, time deposits.
Exposition;
Brief discussion;
Probing questions.

text book

New Inventor K.L.B. BK IV. Pg. 103-9

MONEY & BANKING

Functions of the Central bank.

By the end of the lesson, the learner should be able to:
Identify objectives and functions of the Central Bank.

Exposition of new ideas;
Guided discussion.

text book

New Inventor K.L.B. BK IV. Pg 113-8

MONEY & BANKING
PUBLIC FINANCE

Trends in banking.
Purpose of public finance. Sources of public finance.

By the end of the lesson, the learner should be able to:
Describe banking policies on types of account, use of computers, ,ATMs, m-banking, Mpesa,
e-banking.
Differentiate between internal and external borrowing.

Brain storming;
Discussion.
Brainstorming.
Brief discussion.

chart,text book
Business Magazines.

New Inventor K.L.B. BK IV. Pg. 118-121

PUBLIC FINANCE

External borrowing.
Government expenditure. Principles of public expenditure.

By the end of the lesson, the learner should be able to:
Differentiate between reproductive debt and dead weight debt.
Identify types of govt?s expenditure.
Differentiate between recurrent and development expenditure.
Outline principles of public expenditure.

Exposition;
Discussion.
Exposition & discussion.

text book
Newspaper cuttings & relevant magazines.

New Inventor K.L.B. BK IV. Pg. 127-8

PUBLIC FINANCE

Taxation.

By the end of the lesson, the learner should be able to:
Define the term taxation.
Identify methods that the give reasons for taxation.

Exposition;
Explanations.

Newspaper cuttings & relevant magazines.

New Inventor K.L.B. BK IV. Pg.131

PUBLIC FINANCE

Principles of taxation.
Impact and incidence of tax. Classification of taxes on basis of structure.

By the end of the lesson, the learner should be able to:
Explain basic principles of taxation.
Differentiate between impact and incidence of tax.
Classify taxes according to structure.
State merits and demerits of taxing people according to structure.

Exposition of new ideas;
Give examples and explanations.

text book

New Inventor K.L.B. BK IV. pg 132-3

PUBLIC FINANCE

Classification of taxes on basis of impact on the tax payer. - Direct tax.
Classification of taxes on basis of impact on the tax payer. - Indirect tax.

By the end of the lesson, the learner should be able to:
Classify taxes according to impact on the taxpayer.
State and explain merits and demerits of direct tax.
State merits and demerits of Indirect tax.

Guided discussion on direct taxes.
Q/A and guided discussion.

text book

Pg. 135-6

PUBLIC FINANCE

Topic summary / review

By the end of the lesson, the learner should be able to:
Tackle review question,

Problem solving.Revision;

text book

Pg. 142-144