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.

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

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.

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.

Illustrated examples;
Group assignments.

Illustrated petty cash book.

New Inventor K.L.B. BK IV. Pg.26-30

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Analysis cash book.
General journal.
Transactions passed through the general journal.

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

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

Cash analysis sample page.
General journal sample page.
text book

New Inventor K.L.B. BK IV. PG. 32-36
New Inventor K.L.B. BK IV. Pg. 37-40

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY
FINANCIAL STATEMENTS

Importance of journals.
Basic financial ratios: - Mark-up.

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
chart,text book

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.
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.

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

New Inventor K.L.B. BK IV. Pg. 78

FINANCIAL STATEMENTS

Return on Capital.
Acid test or quick ratio.

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.
Determine the quick ratio given current assets, stock and current liabilities.

Brief discussion;
simple problem solving;
Assignment.
Exposition of new concepts;
Simple calculations.

chart, text book
Business Magazines.

New Inventor K.L.B. BK IV. Pg. 79
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

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)
Supply of money. Banking System.

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
chart,text book

New Inventor K.L.B. BK IV. Pg. 96-97
New Inventor K.L.B. BK IV. Pg. 97-99

MONEY & BANKING

Development of Banking. Commercial Banks.

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.

Exposition and probing questions;
Detailed discussion.

text book

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

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.

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. 103-9

MONEY & BANKING
MONEY & BANKING
PUBLIC FINANCE

Functions of the Central bank.
Trends in banking.
Purpose of public finance. Sources of public finance.

By the end of the lesson, the learner should be able to:
Identify objectives and functions of the Central Bank.
Describe banking policies on types of account, use of computers, ,ATMs, m-banking, Mpesa,
e-banking.

Exposition of new ideas;
Guided discussion.
Brain storming;
Discussion.

text book
chart,text book
Business Magazines.

New Inventor K.L.B. BK IV. Pg 113-8
New Inventor K.L.B. BK IV. Pg. 118-121

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.

By the end of the lesson, the learner should be able to:
Differentiate between recurrent and development expenditure.
Outline principles of public expenditure.

Exposition & discussion.

Newspaper cuttings & relevant magazines.

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

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
Pg. 133-4

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.

Guided discussion on direct taxes.

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

INFLATION

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:


Define the terms inflation and deflation.
Define the term CPI.
Compute CPI.
outline types of inflation.



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

Guided discussion and computations.
Teacher exposes new concepts related to inflation types.

Expository and descriptive approaches.

Newspaper cuttings & relevant magazines.
Price relative tables.

145-6
Pg. 147-8


Pg. 149-150

INFLATION

Causes of cost- pull inflation.
Levels of inflation & Effects of inflation on the economy of a country.

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.

Newspaper cuttings & relevant magazines.

Pg. 152

INFLATION

Controlling inflation.

By the end of the lesson, the learner should be able to:
Identify some policies adopted by the govt to reduce or control inflation.

Discussion on: control of money supply, control of demand, cost control.

Pg. 156-8

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