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.
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.

Illustrated examples;
Group assignments.

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.
Importance of journals.

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
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.

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.

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.

Define the terms turn over and rate of stock turn over.
Calculate the rate of stock turn over.

Exposition & Worked examples;
Discussion.




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

text book,chart

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

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
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.

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.

Brain storming;
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.
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.
Define the term taxation.
Identify methods that the give reasons for taxation.

Exposition;
Discussion.
Exposition;
Explanations.

text book
Newspaper cuttings & relevant magazines.

New Inventor K.L.B. BK IV. Pg. 127-8
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.

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

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.

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


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

Problem solving.Revision;



Guided discussion and computations.

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

Pg. 142-144


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.

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

INFLATION
INTERNATIONAL TRADE

Controlling inflation.
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:
Identify some policies adopted by the govt to reduce or control inflation.
Explain the concept terms of International Trade.
Distinguish favourable trade from unfavourable terms of trade.

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



Probing questions, brief discussion.

Newspaper cuttings & relevant magazines.
text book
newspaper

Pg. 156-8
Pg. 164-6

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.

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

Q/A & guided discovery.

newspaper

Pg. 185-7

ECONOMIC INTEGRATION

Methods of trade restrictions.
Advantages and disadvantages of trade restrictions.
Trends in international trade.

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

Q/A & exposition.
Probing questions and brief discussion on EPZ, liberalization e-trade &website.

text book

Pg 186-7
Pg 188-9