Government and Global Influence in Business

International Trade - Meaning and classification 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

- Oral questions - Observation

Government and Global Influence in Business

International Trade - Importance of international trade
International Trade - Balance of trade and balance of payment

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

- Explain the importance of international trade
- Describe how international trade promotes economic growth
- Link international trade to job opportunities in export industries

In groups, learners are guided to:

- Brainstorm and present on the importance of international trade
- Search from the internet or relevant textbooks for information on importance of international trade
- Share experiences on importance of business activities in society

What are the benefits of international trade?

- Master Business Studies pg. 170
- Digital resources
- Reference books
- Master Business Studies pg. 171
- Charts

- Oral questions - Written assignments

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
Business Transactions - Cash and credit 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
- Master Business Studies pg. 181
- Case study extracts

- Oral questions - Observation

Financial Records in Business

Business Transactions - Methods of payment for goods and services

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

- Identify methods used in making payments for goods and services
- Explain cash, cheque and mobile payment methods
- Relate payment methods to personal experiences when buying goods

In groups, learners are guided to:

- Study pictures showing methods of making payment for goods and services
- Search from the internet or relevant textbooks the methods used in making payments
- Role play different methods used in making payments

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

- Master Business Studies pg. 182
- Digital resources
- Pictures and photographs
- Master Business Studies pg. 183
- Charts

- Oral questions - Observation

Financial Records in Business

Business Transactions - Survey on methods of payment in schools
Business Transactions - Advantages and disadvantages of payment methods

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

- Prepare a questionnaire on methods of payment used in schools
- Identify methods of payment used in the school
- Connect school payment methods to family budgeting experiences

In groups, learners are guided to:

- Prepare a questionnaire with questions on methods of payment
- Visit the school accounts officer and ask questions using the questionnaire
- Discuss the outcomes of the questionnaire with group members

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

- Master Business Studies pg. 184
- Questionnaires
- Survey tools
- Master Business Studies pg. 185
- Digital resources
- Charts

- Oral questions - Project work assessment

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
Effects of Business Transactions - Computing effects of 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
- Master Business Studies pg. 195
- Calculators

- Oral questions - Written assignments

Financial Records in Business

Effects of Business Transactions - Adjustments to statement of financial position

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

- Outline adjustments to various items on the statement of financial position
- Calculate new values of stock, cash and debtors after transactions
- Connect adjustments to real business record keeping

In groups, learners are guided to:

- Study a statement of financial position and go through the transactions that follow
- Calculate the effects of the transactions on the entries on the statement of financial position
- Show the adjustments to the entries affected by the transactions

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

- Master Business Studies pg. 197
- Digital resources
- Worked examples
- Master Business Studies pg. 199
- Calculators

- Oral questions - Written assignments

Financial Records in Business

Effects of Business Transactions - Preparing statement of financial position after adjustments
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:

- Prepare a statement of financial position after adjustments
- Determine the net worth of a business after adjustments
- Apply statement preparation skills to assess business financial health

In groups, learners are guided to:

- Draw a statement of financial position to determine the net worth of a business after adjustments
- Present work to classmates
- Write summary notes on preparing statement of financial position

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

- Master Business Studies pg. 200
- Digital resources
- Worked examples
- Master Business Studies pg. 205
- Sample source documents

- Oral questions - Portfolio assessment

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 - 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