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.

Exposition of new terms;

Brain storming;

Brief 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.

Examine a debit note and a credit note.
Brief discussion on features of the notes.

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.
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:
Highlight features of a sales journal.
Prepare a sales journal given credit sales.
Explain purpose of a sales returns journal.
Prepare a sales return journal.

Brief discussion;
Illustrated example.
Examine a sales return journal.
Discussion on its features Illustrated example: preparing a sales journal given a number of transactions.

Sales journal.
Sales ledger.
Sales returns journal sample page.

New Inventor K.L.B. BK IV. Pg. 8-10
New Inventor K.L.B. BK IV. Pg. 13-14

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.

Illustrated example;
Supervised practice.
Written exercise.

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.
Cash receipt 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.
Cash receipt journal.

New Inventor K.L.B. BK IV. Pg. 17-19

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Cash payment journal.
The petty cash book with imprest system.
Analysis cash book.

By the end of the lesson, the learner should be able to:
Prepare a cash payment journal.
Post cash payment journal entries to ledger accounts correctly.
Record transactions in an analysis cash book.

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

Illustrated cash payment ledger.
Illustrated petty cash book.
Cash analysis sample page.

New Inventor K.L.B. BK IV. Pg. 22-23
New Inventor K.L.B. BK IV. PG. 32-36

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.

Worked examples;
Supervised practice.

General journal sample page.
text book

New Inventor K.L.B. BK IV. 36-37

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY
FINANCIAL STATEMENTS

Importance of journals.
Introduction. Trading Period.

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

Gross Profit or Loss.
The Trading Account.

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

Illustrate trading accounts with worked examples.

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

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

charts
text book

New Inventor K.L.B. BK IV. Pg. 55-57
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

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.
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.



Prepare profit or loss accounts from a trial balance.

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

text book
magazines,charts

New Inventor K.L.B. BK IV. Pg. 62-67
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 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.
Basic financial ratios: - Mark-up.

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


Define the term mark-up.
Explain why mark up is important in a business.
Determine business mark up.

Probing questions;
Teacher?s explanations.


Q/A: definition of a ratio.
Teacher exposes and explains the new concepts then leads in an example.

text book
chart,text book

New Inventor K.L.B. BK IV. Pg. 68
New Inventor K.L.B. BK IV. Pg. 70-71

FINANCIAL STATEMENTS

- Margin.

By the end of the lesson, the learner should be able to:
Define the term margin.
Explain why margin is important in a business.
Determine business margin.

Exposition of new concept;
Worked examples;
Written exercise.

text book

New Inventor K.L.B. BK IV. Pg. 71-72

FINANCIAL STATEMENTS

Using mark-up or margin to prepare a trading account.
Current ratio or Working capital ratio.

By the end of the lesson, the learner should be able to:
Work out the mark-up given the margin and vice-versa.

Guided discovery on the relationship.
Illustrative examples.

text book
text book,chart

New Inventor K.L.B. BK IV. Pg.72-74

FINANCIAL STATEMENTS

Rate of stock turnover.
Stock turn-over and trading account.

By the end of the lesson, the learner should be able to:
Define the terms turn over and rate of stock turn over.
Calculate the rate of stock turn over.
Prepare the trading account given the rate of stock turn-over.

Exposition, Worked examples & numericals
Discussion: implications of rate of stock turnover on a business.

Illustrative examples & supervised practice.

chart
text book

New Inventor K.L.B. BK IV. Pg. 76-78
New Inventor K.L.B. BK IV. Pg. 78

FINANCIAL STATEMENTS

Return on Capital.

By the end of the lesson, the learner should be able to:
Define the term return on capital.
Calculate return on capital.
Explain implications of return on capital on a business.

Brief discussion;
simple problem solving;
Assignment.

chart, text book

New Inventor K.L.B. BK IV. Pg. 79

FINANCIAL STATEMENTS
INTERNATIONAL TRADE

Acid test or quick ratio.
Terms of International Trade.

By the end of the lesson, the learner should be able to:
Determine the quick ratio given current assets, stock and current liabilities.

Exposition of new concepts;
Simple calculations.

Business Magazines.
text book

New Inventor K.L.B. BK IV. Pg. 79-80

INTERNATIONAL TRADE

Terms of trade among different countries.
Balance of Payments. (Current A/C)
Balance of Payments. (Capital A/C)

By the end of the lesson, the learner should be able to:
Account for differences in terms of terms of trade among nations.


Cite examples of transactions that affect the Capital A/C.

Probing questions and guided discussion.
Q/A: review types of capital.
Exposition of new concepts and detailed discussion.

newspaper
text book

Pg. 167-8
Pg. 169-170

INTERNATIONAL TRADE

Overall Balance of Payments.

By the end of the lesson, the learner should be able to:
Determine the overall balance of payments.

Q/A: review current A/C and capital A/C.
Illustrative examples.
Assignment.

newspaper

Pg. 170

INTERNATIONAL TRADE

The Official Settlement A/C.
Disequilibrium of Balance of payments. Correction of balance of payment disequilibrium.

By the end of the lesson, the learner should be able to:
Define the Official Settlement A/C.

Guided brief discussion.

text book

Pg. 171

INTERNATIONAL TRADE

Terms of sale in international trade.
Documents used in international trade.

By the end of the lesson, the learner should be able to:
Identify common terms of sale in international trade.
Identify major documents used in international trade.

Exposition & explanations;
Probing questions;
Discussion.
Give examples of relevant documents.
Give examples of relevant documents.

text book

Pg. 175
Pg. 176-7

INTERNATIONAL TRADE

IMF, ADF and World bank.

By the end of the lesson, the learner should be able to:
State objectives of IMF, ADF and World bank..
Trace a background to the growth of specific
development funds.

Brain storming;
Discussion.

Newspaper cuttings & relevant magazines.

Pg. 179-180

ECONOMIC INTEGRATION

Forms & importance of economic integration.

By the end of the lesson, the learner should be able to:
Define economic integration.
Identify forms of economic integration.
Outline forms of economic integration.
Analyze importance of economic integration.
Enumerate advantages and disadvantages of free trade.

Q/A review relevant terms.
Probing questions
& guided discussion.

newspaper

Pg. 182-5

ECONOMIC INTEGRATION

Trade restrictions.
Methods of trade restrictions.
Advantages and disadvantages of trade restrictions.

By the end of the lesson, the learner should be able to:
Cite reasons for trade restrictions.
Outline methods of trade restriction.
State advantages and disadvantages of trade restrictions.

Q/A & guided discovery.
Exposition of new concepts.

newspaper
text book

Pg. 185-7
Pg 187-8

ECONOMIC INTEGRATION

Trends in international trade.

By the end of the lesson, the learner should be able to:
Analyse some current trends in international trade.

Probing questions and brief discussion on EPZ, liberalization e-trade &website.

text book

Pg 188-9

ECONOMIC DEVP AND PLANNING

Growth and development.
Underdevelopment.

By the end of the lesson, the learner should be able to:
Define economic growth of a country.
Identify structural changes that may accompany economic development.

Guided discussion & oral questions.

newspaper
text book

Pg 195-6

ECONOMIC DEVP AND PLANNING

Factors for underdevelopment.
Development planning.
Problems encountered in development planning.

By the end of the lesson, the learner should be able to:
Highlight some factors that impede development.
State problems encountered in development planning.

Q/A guided discussion.
Probing questions /guided discussion.
Quiz.

text book

Pg. 200-2
Pg. 204-6