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.
Posting entries to the general ledger and sales ledger.

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.
Sales return 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

Purchases journal.
Purchases return journal.

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

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

Purchases journal sample page.
Purchases return journal sample page.

New Inventor K.L.B. BK IV. Pg. 15-17

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Cash receipt 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.

Illustrated example on preparing a purchases journal given a number of transactions.
Supervised practice.

Cash receipt journal.

New Inventor K.L.B. BK IV. Pg. 20-21

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

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

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.
General journal 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

Transactions passed through the general journal.
Importance of journals.

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

Exposition of new concepts;
Detailed discussion.

text book

New Inventor K.L.B. BK IV. Pg. 37-40

FINANCIAL STATEMENTS

Basic financial ratios: - Mark-up.
- Margin.

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


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

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

chart,text book
text book

New Inventor K.L.B. BK IV. Pg. 70-71

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.
Define the term current ratio or working capital ratio.
Explain importance of current ratio.
Calculate current ratio given various balances.

Guided discovery on the relationship.
Illustrative examples.

Exposition & Worked examples;
Discussion.

text book
text book,chart

New Inventor K.L.B. BK IV. Pg.72-74
New Inventor K.L.B. BK IV. Pg. 75-76

FINANCIAL STATEMENTS

Rate of stock turnover.

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.

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

chart

New Inventor K.L.B. BK IV. Pg. 76-78

FINANCIAL STATEMENTS

Stock turn-over and trading account.
Return on Capital.

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

Illustrative examples & supervised practice.

text book
chart, text book

New Inventor K.L.B. BK IV. Pg. 78

FINANCIAL STATEMENTS
MONEY & BANKING

Acid test or quick ratio.
Introduction. Barter trade.

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



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

Exposition of new concepts;
Simple calculations.





Brain storming;
Brief discussion.

Business Magazines.
text book

New Inventor K.L.B. BK IV. Pg. 79-80
New Inventor K.L.B. BK IV. Pg 91-94

MONEY & BANKING

Money system Characteristics of money.
Functions of money.

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

Brainstorming and superficial discussion.

text book
chart

New Inventor K.L.B. BK IV. Pg 95-96

MONEY & BANKING

Demand for money (liquidity preference)
Supply of money. Banking System.

By the end of the lesson, the learner should be able to:
Define the term demand for money.

Explain the motives that influence the desire to keep money instead of other assets.

Q/A: review the term demand.

Exposition and probing questions.

text book
chart,text book

New Inventor K.L.B. BK IV. Pg. 97-99

MONEY & BANKING

Development of Banking. Commercial Banks.
Services offered by commercial banks.
Non-banking financial institutions.

By the end of the lesson, the learner should be able to:
Outline a brief history on development of banking.

Identify methods employed by commercial banks to generate profits.
Identify services offered by commercial banks.
Describe other services offered by commercial banks.

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

text book

New Inventor K.L.B. BK IV. Pg. 101-103
New Inventor K.L.B. BK IV. Pg. 103-9

MONEY & BANKING

Functions of the Central bank.
Trends in banking.

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
chart,text book

New Inventor K.L.B. BK IV. Pg 113-8

PUBLIC FINANCE

Purpose of public finance. Sources of public finance.

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



Differentiate between internal and external borrowing.

Brainstorming.
Brief discussion.

Business Magazines.

New Inventor K.L.B. BK IV. Pg.125-7

PUBLIC FINANCE

External borrowing.
Government expenditure. Principles of public expenditure.
Taxation.

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
New Inventor K.L.B. BK IV. Pg. 129-130

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.

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.

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.

Guided discussion on direct taxes.

text book

Pg. 135-6

PUBLIC FINANCE
INFLATION

Classification of taxes on basis of impact on the tax payer. - Indirect tax.
Topic summary / review
Introduction Consumer Price index
Simple and weighted price relatives.

By the end of the lesson, the learner should be able to:
State merits and demerits of Indirect tax.


Define the terms inflation and deflation.
Define the term CPI.
Compute CPI.

Q/A and guided discussion.


Guided discussion and computations.

text book
Newspaper cuttings & relevant magazines.
Price relative tables.

Pg. 138-141


145-6

INFLATION

Types of inflation. Causes of demand- pull inflation.
Causes of cost- pull inflation.

By the end of the lesson, the learner should be able to:
outline types of inflation.



Explain the term demand-pull inflation.
Explain causes of demand ?pull inflation.

Teacher exposes new concepts related to inflation types.

Expository and descriptive approaches.

Newspaper cuttings & relevant magazines.

Pg. 147-8


Pg. 149-150

INFLATION

Levels of inflation & Effects of inflation on the economy of a country.
Controlling inflation.

By the end of the lesson, the learner should be able to:
Highlight various levels of inflation.
Outline positive and negative effects of inflation.

Probing questions;
Discussion..

Newspaper cuttings & relevant magazines.

Pg. 152-3,

154-6

INTERNATIONAL TRADE

Types of International Trade. Advantages and disadvantages of International Trade.
Terms of International Trade.
Terms of trade among different countries.

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



Distinguish bilateral trade from multilateral trade.


State advantages and disadvantages of International Trade.
Account for differences in terms of terms of trade among nations.

Brainstorming and guided discussion.


Q/A & guided discussion
Probing questions and guided discussion.

Newspaper cuttings & relevant magazines.
text book

Pg. 163-4
Pg. 167-8