SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Books of original entry. Sales journal.
Posting from sales journal to sales ledger and general 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.

Brief discussion;
Illustrated example.

Sales journal.
Sales ledger.

New Inventor K.L.B. BK IV. Pg. 8-10

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Sales returns journal.
Posting entries to the general ledger and sales ledger.

By the end of the lesson, the learner should be able to:
Explain purpose of a sales returns journal.
Prepare a sales return journal.

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

Sales returns journal sample page.
Sales return journal sample page.

New Inventor K.L.B. BK IV. Pg. 13-14

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Purchases journal.
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.
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 journal sample page.
Purchases return journal sample page.
Cash receipt journal.

New Inventor K.L.B. BK IV. Pg. 15-17
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.

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.

Exposition of new concepts;
Illustrated example;
Written exercise.

Illustrated cash payment ledger.
Illustrated petty cash book.

New Inventor K.L.B. BK IV. Pg. 22-23

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Analysis cash book.

By the end of the lesson, the learner should be able to:
Record transactions in an analysis cash book.

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

Cash analysis sample page.

New Inventor K.L.B. BK IV. PG. 32-36

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY
SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY
FINANCIAL STATEMENTS

General journal.
Transactions passed through the general journal.
Importance of journals.
Basic financial ratios: - Mark-up.

By the end of the lesson, the learner should be able to:
Record transactions in a general journal.
State reasons for maintaining journals.

Worked examples;
Supervised practice.

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

General journal sample page.
text book
text book
chart,text book

New Inventor K.L.B. BK IV. 36-37
New Inventor K.L.B. BK IV. Pg. 41-53

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.

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

New Inventor K.L.B. BK IV. Pg.72-74

FINANCIAL STATEMENTS

Current ratio or Working capital ratio.
Rate of stock turnover.
Stock turn-over and trading account.

By the end of the lesson, the learner should be able to:
Define the term current ratio or working capital ratio.
Explain importance of current ratio.
Calculate current ratio given various balances.

Prepare the trading account given the rate of stock turn-over.

Exposition & Worked examples;
Discussion.




Illustrative examples & supervised practice.

text book,chart
chart

New Inventor K.L.B. BK IV. Pg. 75-76
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

Acid test or quick ratio.

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.

New Inventor K.L.B. BK IV. Pg. 79-80

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

Introduction. Barter trade.
Money system Characteristics of money.

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

Functions of money.

By the end of the lesson, the learner should be able to:
Explain major functions of money.

Probing questions;
Discussion.

chart

New Inventor K.L.B. BK IV. Pg. 96-97

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.
Cite examples of non-banking financial institutions.
State functions of non-banking financial institutions.
Outline differences between commercial bank and NBFI.

Exposition and probing questions;
Detailed discussion.
Exposition;
Brief discussion;
Probing questions.

text book

New Inventor K.L.B. BK IV. Pg. 101-103
New Inventor K.L.B. BK IV. Pg. 109-113

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.

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.

Exposition;
Discussion.

text book

New Inventor K.L.B. BK IV. Pg. 127-8

PUBLIC FINANCE

Government expenditure. Principles of public expenditure.
Taxation.
Principles of taxation.

By the end of the lesson, the learner should be able to:
Differentiate between recurrent and development expenditure.
Outline principles of public expenditure.
Define the term taxation.
Identify methods that the give reasons for taxation.

Exposition & discussion.
Exposition;
Explanations.

Newspaper cuttings & relevant magazines.

New Inventor K.L.B. BK IV. Pg. 129-130
New Inventor K.L.B. BK IV. Pg.131

PUBLIC FINANCE

Impact and incidence of tax. Classification of taxes on basis of structure.
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:
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

Pg. 133-4

PUBLIC FINANCE

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:
State merits and demerits of Indirect tax.

Q/A and guided discussion.

text book

Pg. 138-141

PUBLIC FINANCE
INFLATION

Topic summary / review
Introduction Consumer Price index
Simple and weighted price relatives.
Types of inflation. Causes of demand- pull inflation.

By the end of the lesson, the learner should be able to:
Tackle review question,
Compute the price index using simple average of price relatives.
Compute the price index using the weighted average method.

Problem solving.Revision;

Guided computations.

Supervised practice.

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

Pg. 142-144
Pg. 147

INFLATION

Causes of cost- pull inflation.

By the end of the lesson, the learner should be able to:
Explain the concept of cost-pull inflation.
Explain the causes of cost-pull inflation.

Expository and descriptive approaches with probing questions.

Pg. 152

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