Bookkeeping for Senior Secondary School 1 (SSS1) students focuses on the systematic recording, organizing, and monitoring of financial transactions. It plays a crucial role in providing financial transparency, supporting decision-making, ensuring legal compliance, and preventing fraud.
The study of bookkeeping brings various educational advantages, such as improving analytical and numerical skills, promoting meticulous attention to detail, enhancing critical thinking, and offering pathways to careers in accounting and finance.
In SSS1, the Lagos state unified scheme of work for Bookkeeping covers fundamental topics like distinguishing bookkeeping from accounting, understanding the accounting equation, recording transactions, preparing a trial balance, and basic financial statements.
Overall, bookkeeping prepares students with the necessary skills for effective financial management, laying a strong foundation for further studies and practical applications in their future professional and personal lives.
In Nigerian schools, bookkeeping assessment methods include written exams, practical exercises, continuous assessment through class participation and homework, project work, practical demonstrations, oral exams and presentations, and portfolio assessment. These diverse methods ensure a comprehensive evaluation of students’ knowledge and skills.
Grading follows a scale from A to F, with A representing excellent performance, typically scoring around 70% or 80%, and F indicating failure, usually below 50% or 45%.
| LAGOS STATE MINISTRY OF EDUCATION: UNIFIED SCHEMES OF WORK FOR SENIOR SECONDARY SCHOOLS | ||
| Book Keeping Scheme of Work for Senior Secondary Schools 1(SSS1) | ||
| Class | S.S.S 1 | |
| Subject | Book Keeping | |
| Term | First Term | |
| Week | Topic | Breakdown |
| THEMES: INTRODUCTION TO BOOK KEEPING | ||
| 1 | Meaning of bookkeeping | 1. Bookkeeping. 2. History of bookkeeping in Nigeria. |
| 2 | Importance of bookkeeping | 1.Importance of bookkeeping. 2.Career opportunities in bookkeeping. 3.Beneficiary of bookkeeping. |
| 3 | Stock valuation | 1.Stock valuations. 2.Purpose of stock valuations. |
| 4 | Methods of stock valuations | 1. List different stock valuation methods. 2. Computation of stock valuation. |
| 5 | Asset and liabilities | 1.Assets and liabilities. 2.Differentiate between assets and liabilities |
| 6 | Classification of assets and liabilities | 1. Identification of types of assets and liabilities. 2. Classification of assets and liabilities. |
| 7 | Business transactions | 1.Business transaction. 2.Types of business transaction. 3.Those involved in business transactions: -buyers -sellers -consumers |
| 8 | Debtors and creditors | 1. Debtors and creditors. 2. Differentiate between debtors and creditors. 3. Identification of debtors and creditors, |
| 9 | Source documents | 1.Source documents. 2.Explain the uses of sources of documents. |
| 10 | Content of source documents | 1.Types of source documents: -invoice -receipts -vouchers -credit and debt note -statement of accounts |
| 11 | Revision | |
| 12 | Examination | |
| Term | Second Term | |
| Week | Topic | Breakdown |
| THEME:BOOKS OF JOURNALS | ||
| 1 | Books of original entry | 1. Journals 2. Types of journals Sales: -purchases -return inwards -return outwards -general journals |
| 2 | Uses of journals | 1. Uses of journals. 2. Illustrate the layout of a general journal. 3. Correction of errors. |
| 3 | Principles of double entry | 1. Principles of double entry. 2. Rules of double entry. 3. Exercise involving double entry. 4. Post transactions into the ledger. |
| 4 | Ledger | 1.Ledger 2.Items on the ledger 3.Format of a ledge |
| 5 | Classes of a ledger | 1. Classification of account personal account. 2. Impersonal account: -real -nominal |
| 6 | Application of double entry system in the ledger | 1.Columns of a ledger. 2.Uses of a ledger. 3.Posting of transactions in a ledger. |
| 7 | Single column cash book | 1. Single columns cash book. 2. Items of a single column cash book. 3. Preparation of a single column cash book with various exercises. |
| 8 | Double column cash books | 1.Double column cash books. 2.Items on the double column cash book: -cash columns -bank columns |
| 9 | Preparation of double column cashbook | Preparation of double column cashbook. |
| 10 | Contra entry | 1.Contra entry 2.Examples of contra entry transaction. 3.Recording of contra entry Exercise. |
| 11 | Revision | |
| 12 | Examination | |
| Term | Third Term | |
| Week | Topic | Breakdown |
| THEMES: THE LEDGER | ||
| 1 | The Three Columns Cashbooks | 1.Three columns cashbook. 2.Identification of the columns. |
| 2 | Types of Discounts | 1. Differentiate between cash and trade discount 2. Identify the differences between discounts allowed and discounts receive |
| 3 | Preparation of Three Columns | 1. Differentiate between single, double, and three-column cash books. 2. Prepare three-column cash books. |
| 4 | Petty Cashbook | 1. Petty cash book 2. Advantages of petty cash book |
| 5 | Preparation of Petty Cashbook | 1. Classifications of petty cash columns 2. Posting of transactions |
| 6 | Trial BalanceI | 1.Trial balance 2.Functions of trial balance. 3.Rules extracting balance from ledger to trial balance. |
| 7 | Trial BalanceII | 1. Extract balances from the ledger to trial balance. 2. Prepare trial balance. |
| 8 | Trial Balance and Corrections of Errors | 1. Meaning of errors 2. types of errors |
| 9 | Trial Balance and Corrections of Errors | Classification of errors |
| 10 | Suspense account | 1. Explain the meaning of suspense account. 2. Correct errors through the use of suspense accounts. |
| 11 | Revision | |
| 12 | Examination | |
