Government and Global Influence in Business

Public Finance - Meaning and importance of taxation
Public Finance - Principles of taxation

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

- Define the term taxation
- Explain the importance of taxation in Kenya
- Relate taxation to public services like roads and security in the community

In groups, learners are guided to:

- Brainstorm and present on the meaning and importance of taxation
- Search from the internet or relevant textbooks for the importance of taxation
- Discuss findings with classmates

What is the role of taxation in economic development?

- Master Business Studies pg. 154
- Digital resources
- Flash cards
- Master Business Studies pg. 155
- Reference books

- Oral questions - Written assignments

Government and Global Influence in Business

Public Finance - Requirements for tax compliance in Kenya
Public Finance - Tax exemption in Kenya

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

- Explain the requirements for tax compliance in Kenya
- Describe the process of registering with KRA
- Apply knowledge of tax compliance to personal future responsibilities

In groups, learners are guided to:

- Search using the internet or relevant books for the requirements for tax compliance in Kenya
- Discuss and share the requirements for tax compliance
- Study KRA posters and identify information passed

What is the role of taxation in economic development?

- Master Business Studies pg. 157
- Digital resources
- KRA posters
- iTax portal images
- Master Business Studies pg. 159
- Reference books

- Oral questions - Written assignments

Government and Global Influence in Business

Public Finance - Types of custom duties in Kenya
Public Finance - Trends and ethical issues in taxation

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

- Define custom duties
- Analyse types of custom duties in Kenya
- Connect custom duties to prices of imported goods in local shops

In groups, learners are guided to:

- Search from the internet or relevant textbooks for information on types of custom duties
- Listen to a resource person on types of custom duties, tax compliance and exemption
- Discuss findings with group members

What is the role of taxation in economic development?

- Master Business Studies pg. 161
- Digital resources
- Resource person
- Master Business Studies pg. 162
- Case study extracts

- Oral questions - Written assignments

Government and Global Influence in Business

International Trade - Meaning and classification of international trade
International Trade - Importance of international trade

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

- Define international trade
- Classify international trade based on number of countries and direction of trade
- Connect international trade to availability of foreign products in local markets

In groups, learners are guided to:

- Brainstorm and present on the meaning of international trade
- Search from the internet or relevant textbooks for information on classification of international trade
- Discuss findings in groups

What are the benefits of international trade?

- Master Business Studies pg. 168
- Digital resources
- Charts
- Master Business Studies pg. 170
- Reference books

- Oral questions - Observation

Government and Global Influence in Business

International Trade - Balance of trade and balance of payment

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

- Define balance of trade and balance of payment
- Differentiate between balance of trade and balance of payment
- Relate trade balance to a country's economic health

In groups, learners are guided to:

- Use available digital devices or relevant books to search for the meaning of balance of trade and balance of payment
- Discuss findings with group members
- Present findings to classmates

What are the benefits of international trade?

- Master Business Studies pg. 171
- Digital resources
- Charts

- Oral questions - Observation

Government and Global Influence in Business

International Trade - Advantages of international trade
International Trade - Disadvantages of international trade

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

- State advantages of international trade
- Explain how international trade benefits a country
- Connect trade benefits to variety of goods available in local markets

In groups, learners are guided to:

- Search from the internet or relevant books for advantages of international trade
- Debate on the advantages of international trade
- Discuss findings among group members

What are the benefits of international trade?

- Master Business Studies pg. 172
- Digital resources
- Reference books
- Master Business Studies pg. 173

- Oral questions - Debate assessment

Government and Global Influence in Business

International Trade - Terms of sale in international trade

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

- Define terms of sale in international trade
- Explain LOCO, FOR, DD and FAS terms of sale
- Apply terms of sale to pricing of imported goods

In groups, learners are guided to:

- Find out from the internet or relevant print materials information on the terms of sale used in international trade
- Write down and explain the terms found from the search
- Discuss findings in groups

What are the benefits of international trade?

- Master Business Studies pg. 174
- Digital resources
- Charts
- Master Business Studies pg. 175
- Reference books

- Oral questions - Written assignments

Government and Global Influence in Business

International Trade - Terms of payment in international trade
International Trade - Digital applications in international trade

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

- Define terms of payment in international trade
- Analyse different terms of payment used in international trade
- Relate payment terms to business transactions with foreign suppliers

In groups, learners are guided to:

- Find out from the internet or relevant print materials information on the terms of payment used in international trade
- Write down and explain terms of payment
- Discuss findings in groups

What are the benefits of international trade?

- Master Business Studies pg. 175
- Digital resources
- Charts
- Master Business Studies pg. 177
- Internet access

- Oral questions - Written assignments

Government and Global Influence in Business

International Trade - Local products for export

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

- Identify local products that can be developed for export
- Prepare questionnaires to collect data on local products
- Connect local agricultural products to export opportunities

In groups, learners are guided to:

- Prepare questionnaires to collect data on local products
- Carry out a survey in the community on local products that can be developed for export
- Discuss the outcomes of the survey

What are the benefits of international trade?

- Master Business Studies pg. 178
- Survey tools
- Questionnaires

- Oral questions - Project work assessment

Government and Global Influence in Business

International Trade - Local products for export

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

- Map local products that can be developed for export
- Analyse survey findings on local products
- Relate local crafts and products to income generation through export

In groups, learners are guided to:

- Analyse questionnaires from the survey
- Interpret results and identify local products with strong potential for export
- Present results to classmates

What are the benefits of international trade?

- Master Business Studies pg. 178
- Survey tools
- Digital resources

- Oral questions - Portfolio assessment

Government and Global Influence in Business

International Trade - Importance of international trade to an economy

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

- Summarize the importance of international trade in an economy
- Evaluate the role of international trade in economic development
- Relate international trade to Kenya's economic growth and development

In groups, learners are guided to:

- Discuss the importance of international trade in an economy
- Share experiences on how international trade affects daily life
- Present findings to other groups in class

What are the benefits of international trade?

- Master Business Studies pg. 179
- Digital resources
- Reference books

- Oral questions - Written assignments

Financial Records in Business

Business Transactions - Meaning and types of business transactions

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

- Define the term business transaction
- Identify types of business transactions
- Relate business transactions to daily buying and selling activities

In groups, learners are guided to:

- Discuss the meaning of business transactions
- Brainstorm the types of business transactions from given scenarios
- Search from the internet or relevant textbooks about the meaning and types of business transactions

Which are the methods used in making payment for goods and services?

- Master Business Studies pg. 180
- Digital resources
- Internet access

- Oral questions - Observation

Financial Records in Business

Business Transactions - Cash and credit transactions
Business Transactions - Methods of payment for goods and services

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

- Differentiate between cash and credit transactions
- Explain characteristics of cash and credit transactions
- Connect cash and credit transactions to shopping experiences in local shops

In groups, learners are guided to:

- Read case studies and identify types of business transactions
- Discuss the difference between cash and credit transactions
- Present findings to other members in class

Which are the methods used in making payment for goods and services?

- Master Business Studies pg. 181
- Digital resources
- Case study extracts
- Master Business Studies pg. 182
- Pictures and photographs

- Oral questions - Written assignments

Financial Records in Business

Business Transactions - Methods of payment for goods and services
Business Transactions - Survey on methods of payment in schools

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

- Explain credit/debit cards, bank transfers and online payment methods
- Differentiate between various electronic payment methods
- Link electronic payment methods to modern shopping experiences

In groups, learners are guided to:

- Search from the internet or relevant textbooks for information on electronic methods of payment
- Discuss methods of payment among group members
- Share work with other groups in class

Which are the methods used in making payment for goods and services?

- Master Business Studies pg. 183
- Digital resources
- Charts
- Master Business Studies pg. 184
- Questionnaires
- Survey tools

- Oral questions - Written assignments

Financial Records in Business

Business Transactions - Advantages and disadvantages of payment methods

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

- State advantages and disadvantages of various payment methods
- Compare different methods of payment
- Apply knowledge of payment methods to make informed choices when paying for goods

In groups, learners are guided to:

- Discuss advantages and disadvantages of cash payments, bank transfers, mobile money, credit/debit cards, cheques and online platforms
- Present findings to classmates
- Write summary notes on methods of payment

Which are the methods used in making payment for goods and services?

- Master Business Studies pg. 185
- Digital resources
- Charts

- Oral questions - Written assignments

Financial Records in Business

Effects of Business Transactions - Statement of financial position
Effects of Business Transactions - Effects of asset transactions

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

- Define statement of financial position
- Identify components of a statement of financial position
- Relate statement of financial position to personal wealth calculation

In groups, learners are guided to:

- Remind peers the meaning, other name and components of a statement of financial position
- Calculate capital from given assets and liabilities
- Prepare a simple statement of financial position

How do business transactions affect the statement of financial position of a business?

- Master Business Studies pg. 189
- Digital resources
- Worked examples
- Master Business Studies pg. 190

- Oral questions - Written assignments

Financial Records in Business

Effects of Business Transactions - Effects of liability transactions
Effects of Business Transactions - Effects of capital transactions

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

- Analyse effects of liability transactions on the statement of financial position
- Explain how taking and paying loans affect the statement of financial position
- Relate liability transactions to personal borrowing and repayment experiences

In groups, learners are guided to:

- Search for the effects of liability transactions on the statement of financial position from the internet or reference books
- Discuss findings on the effects of liability transactions
- Write summary notes on the effects of liability transactions

How do business transactions affect the statement of financial position of a business?

- Master Business Studies pg. 192
- Digital resources
- Reference books
- Master Business Studies pg. 193
- Worked examples

- Oral questions - Written assignments

Financial Records in Business

Effects of Business Transactions - Computing effects of transactions
Effects of Business Transactions - Adjustments to statement of financial position

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

- Compute the effects of transactions on the statement of financial position
- Calculate adjustments to various entries on the statement of financial position
- Apply computation skills to track changes in business value

In groups, learners are guided to:

- Study a statement of financial position and calculate the effects of transactions that follow
- Discuss work with group members
- Present work to classmates

How do business transactions affect the statement of financial position of a business?

- Master Business Studies pg. 195
- Digital resources
- Calculators
- Master Business Studies pg. 197
- Worked examples

- Oral questions - Written assignments

Financial Records in Business

Effects of Business Transactions - Adjustments to statement of financial position
Effects of Business Transactions - Preparing statement of financial position after adjustments

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

- Calculate new values of creditors, capital and loans after transactions
- Summarize effects of multiple transactions on the statement of financial position
- Relate adjustments to monitoring business health

In groups, learners are guided to:

- Calculate adjustments to creditors, capital and loan entries
- Discuss work with group members
- Present work to classmates

How do business transactions affect the statement of financial position of a business?

- Master Business Studies pg. 199
- Digital resources
- Calculators
- Master Business Studies pg. 200
- Worked examples

- Oral questions - Written assignments

Financial Records in Business

Source Documents and Books of Original Entry - Meaning and importance of source documents

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

- Define the term source documents
- Explain the importance of source documents in bookkeeping
- Relate source documents to receipts kept after shopping

In groups, learners are guided to:

- Brainstorm the meaning of source documents
- Use digital devices or relevant books to search for the meaning and importance of source documents
- Discuss findings with classmates

What are the source documents used in bookkeeping?

- Master Business Studies pg. 205
- Digital resources
- Sample source documents

- Oral questions - Observation

Financial Records in Business

Source Documents and Books of Original Entry - Meaning and importance of books of original entry
Source Documents and Books of Original Entry - Types of source documents

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

- Define books of original entry
- Explain the importance of books of original entry in bookkeeping
- Connect books of original entry to organized record keeping in shops

In groups, learners are guided to:

- Discuss the meaning of bookkeeping
- Find out from the internet or relevant print materials the meaning and importance of books of original entry
- Present findings to other group members

Why are the books of original entry important in bookkeeping?

- Master Business Studies pg. 207
- Digital resources
- Reference books
- Master Business Studies pg. 209
- Sample receipts and invoices

- Oral questions - Written assignments

Financial Records in Business

Source Documents and Books of Original Entry - Types of source documents

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

- Identify credit notes and debit notes as source documents
- Explain the purpose of credit notes and debit notes in business
- Connect credit and debit notes to returns and adjustments in business

In groups, learners are guided to:

- Search from the internet or relevant textbooks for information on credit notes and debit notes
- Study samples of credit notes and debit notes
- Present findings to other groups in class

What are the source documents used in bookkeeping?

- Master Business Studies pg. 210
- Digital resources
- Sample credit and debit notes
- Master Business Studies pg. 211
- Sample documents

- Oral questions - Written assignments

Financial Records in Business

Source Documents and Books of Original Entry - Types of books of original entry
Source Documents and Books of Original Entry - Sales journal

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

- Identify types of books of original entry
- Explain the purpose of each book of original entry
- Connect books of original entry to organized business record keeping

In groups, learners are guided to:

- Search from the internet or relevant textbooks for information about the types of books of original entry
- Brainstorm and present on the types of books of original entry
- Make summary notes on the types of books of original entry

Why are the books of original entry important in bookkeeping?

- Master Business Studies pg. 212
- Digital resources
- Charts
- Master Business Studies pg. 213
- Worked examples

- Oral questions - Written assignments

Financial Records in Business

Source Documents and Books of Original Entry - Sales journal
Source Documents and Books of Original Entry - Sales returns journal

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

- Record business transactions in a sales journal
- Post totals to relevant accounts
- Apply sales journal skills to record credit sales in a business

In groups, learners are guided to:

- Record given credit sales transactions in a sales journal
- Discuss work with group members
- Present work to classmates

Why are the books of original entry important in bookkeeping?

- Master Business Studies pg. 214
- Digital resources
- Practice exercises
- Master Business Studies pg. 215
- Worked examples

- Oral questions - Written assignments

Financial Records in Business

Source Documents and Books of Original Entry - Purchases journal

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

- Draw the format of a purchases journal
- Record business transactions in a purchases journal
- Relate purchases journal to tracking credit purchases from suppliers

In groups, learners are guided to:

- Search from the internet or relevant textbooks the format of a purchases journal
- Record given credit purchases transactions in a purchases journal
- Present work to classmates

Why are the books of original entry important in bookkeeping?

- Master Business Studies pg. 217
- Digital resources
- Worked examples

- Oral questions - Written assignments

Financial Records in Business

Source Documents and Books of Original Entry - Purchases returns journal

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

- Draw the format of a purchases returns journal
- Record business transactions in a purchases returns journal
- Connect purchases returns journal to tracking goods returned to suppliers

In groups, learners are guided to:

- Search from the internet or relevant textbooks the format of a purchases returns journal
- Record given transactions in a purchases returns journal
- Discuss work with group members

Why are the books of original entry important in bookkeeping?

- Master Business Studies pg. 219
- Digital resources
- Worked examples

- Oral questions - Written assignments

Financial Records in Business

Source Documents and Books of Original Entry - Purchases returns journal

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

- Draw the format of a purchases returns journal
- Record business transactions in a purchases returns journal
- Connect purchases returns journal to tracking goods returned to suppliers

In groups, learners are guided to:

- Search from the internet or relevant textbooks the format of a purchases returns journal
- Record given transactions in a purchases returns journal
- Discuss work with group members

Why are the books of original entry important in bookkeeping?

- Master Business Studies pg. 219
- Digital resources
- Worked examples

- Oral questions - Written assignments

Financial Records in Business

Source Documents and Books of Original Entry - Cash receipts journal

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

- Draw the format of a cash receipts journal
- Record business transactions in a cash receipts journal
- Relate cash receipts journal to tracking money received by businesses

In groups, learners are guided to:

- Search from relevant textbooks for information on how to record business transactions in a cash receipts journal
- Record given transactions in a cash receipts journal
- Discuss work in groups

Why are the books of original entry important in bookkeeping?

- Master Business Studies pg. 222
- Digital resources
- Worked examples

- Oral questions - Written assignments

Financial Records in Business

Source Documents and Books of Original Entry - Cash payments journal

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

- Draw the format of a cash payments journal
- Record business transactions in a cash payments journal
- Connect cash payments journal to tracking money paid out by businesses

In groups, learners are guided to:

- Search from relevant textbooks for information on how to record business transactions in a cash payments journal
- Record given transactions in a cash payments journal
- Present findings to classmates

Why are the books of original entry important in bookkeeping?

- Master Business Studies pg. 224
- Digital resources
- Worked examples

- Oral questions - Written assignments

Financial Records in Business

Source Documents and Books of Original Entry - General journal

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

- Draw the format of a general journal
- Record business transactions in a general journal
- Apply general journal skills to record non-routine business transactions

In groups, learners are guided to:

- Search from relevant textbooks for information on how to record business transactions in a general journal
- Record transactions involving purchase and sale of fixed assets on credit, and opening entries
- Discuss work with group members

Why are the books of original entry important in bookkeeping?

- Master Business Studies pg. 226
- Digital resources
- Worked examples

- Oral questions - Portfolio assessment