Bookkeeping in SS2 is a subject that teaches students the basics of recording and managing financial transactions. It covers essential topics like keeping financial records, preparing accounts, tracking expenses and income, and understanding financial statements. This subject helps students develop practical skills needed for managing finances in businesses and personal life, laying a foundation for careers in accounting and finance.
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.
Studying bookkeeping in SS2 with the Lagos State Unified Scheme of Work helps students learn how to keep track of money and financial records. The lessons cover important topics like recording financial transactions, maintaining ledgers, and creating balance sheets. This organized program gives students the practical skills and basic knowledge they need for careers in accounting and finance.
At the end of SSS2, students can;
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 2(SSS2) | ||
| CLASS | S.S.S.2 | |
| SUBJECT | Bookkeeping | |
| TERM | First Term | |
| WEEK | TOPICS | Learning Objectives |
| 1 | Students Readiness Assessment Test Revision of last Term’s topics | |
| 2 | BALANCE SHEET i. Working exercises on Balance sheet | By the end of the lesson, students should be able to: 1. identify assets and liabilities, 2. classify assets and liabilities. 3. prepare a balance sheet. |
| 3 | BOOKKEEPING AND ACCOUNTING CONCEPTS AND CONVENTION: i. Identifying accounting concepts and convention: Meaning. ii. List concepts and convention | By the end of the lesson, students should be able to: 1. elucidate accounting concepts. 2. describe each accounting concepts. 3. relate accounting concepts to financial reports |
| 4 | BOOKKEEPING AND ACCOUNTING CONCEPTS AND CONVENTION: i. Explain concepts and convention ii. Explanation of various concepts and convention | By the end of the lesson, students should be able to: 1. expand accounting conventions 2. identify accounting conventions 3. describe the application of convention in financial reports |
| 5 | DEPRECIATION i. Definition of depreciation ii. Methods of depreciation iii. Causes of depreciation and elements of depreciation | By the end of the lesson, students should be able to: 1. describe depreciation 2. elicit the various causes of depreciation 3. discuss each methods of depreciation |
| 6 | DEPRECIATION i. Methods of calculating depreciation -Fixed installment -Diminishing balance -Revaluation ii. Computation of simple depreciation | By the end of the lesson, students should be able to: 1. identify the methods of making depreciation 2. solve problem using; i. straight line method ii. reducing balance method iii. revaluation method |
| 7 | OPEN DAY/MID TERM BREAK. | |
| 8 | END OF YEAR ADJUSTMENT: i. Explanation of the Year Ended Adjustment. ii. Types of Adjustment: Occurred, Prepayment. iii. Making Adjustment in the Appropriate Book | By the end of the lesson, students should be able to: 1. interpret prepayment. 2. differentiate between prepayments and payments in arrears. 3. solve problems involving prepayments. |
| 9 | END OF THE YEAR ADJUSTMENT: i. Make adjustment in the appropriate books ii. Working exercises | By the end of the lesson, students should be able to: 1. calculate prepayments and accruals 2. Post prepayments and accruals to ledgers 3. Post entries to the final accounts. |
| 10 | BAD DEBTS AND DOUBTFUL DEBTS: i. Definition of Bad Debts. ii. Explain Doubtful Debts. iii. Differentiate between bad debts and doubtful debts. | By The end of the lesson, students should be able to: 1. determine Bad Debts. 2. differentiate between bad debts and provisions for bad debts. 3. solve problems involving bad debts and provisions for doubtful debts. |
| 11 | Revision | |
| 12-13 | Examination | |
| CLASS | S.S.S 2 | |
| SUBJECT | Bookkeeping | |
| TERM | Second Term | |
| WEEK | TOPICS | Learning Objectives |
| 1 | REVISION BAD DEBT AND DOUBTFUL DEBT -Make provision for bad and doubtful debts. – Bad debts and doubtful debts. – Posting of bad and doubtful debts in the appropriate books. | By the end of the lesson, students should be able to: 1. post bad debts and provision for bad debts into the ledgers. 2. describe the treatment of bad and provision for doubtful debts in profit and loss account and balance sheet. |
| 2 | FINAL ACCOUNT WITH ADJUSTMENT TRADING ACCOUNT i. Adjustment for prepayment -Accruals, -Depreciation, – Bad debts and Doubtful debts. ii. Working exercises. | By the end of the lesson, students should be able to: 1. demonstrate the treatment of adjustment such as depreciation. accruals, bad debts etc. in final accounts. |
| 3 | STOCK VALUATION -Meaning of purpose of Stock Valuation. – Method of Stock valuation. | By the end of the lesson, students should be able to: 1. Unfold Stock Valuation. 2. describe the methods of stock valuation. 3. select the appropriate method suitable eg. during inflation. |
| 4 | STOCK VALUATION -List different stock valuation methods -Computation of stock valuation | By the end of the lesson, students should be able to. 1. identify different stock valuation methods 2 calculate stock issue and closing stock using LIFO and FIFO |
| 5 | STOCK VALUATION -Computation of stock valuation -Working exercise on stock valuation | By the end of the lesson, students should be able to. 1. use LIFO and FIFO, AVERAGE stock etc methods to calculate stock issues and closing stock |
| 6 | CONTROL ACCOUNT -Meaning and use of Control Account. -Classification of Control Account -Nature of Control Account. | By the end of the lesson, students should be able to. 1. describe control account 2. explain the uses of control account. 3. distinguish between Sales and Purchases ledger control accounts. |
| 7 | OPEN DAY/ MID TERM | |
| 8 | CONTROL ACCOUNT -preparation of Sales Ledger Control Account. – Preparation of Purchase Ledger Control Account. | By the end of the lesson, students should be able to. 1. identify items use to prepare sales 2. identify items use to prepare Purchases Ledger Control Accounts. 3. describe the preparation of control accounts. |
| 9 | CONTROL ACCOUNT -Working exercise on both classes of Control Accounts | By the end of the lesson, students should be able to 1. Solve problems involving; a. Sales Ledger Control Account- b. Purchase Ledger Control Account. |
| 10 | a. Basic concepts of entrepreneurship b.Entrepreneurship education c. Qualities of an entrepreneur d. Importance of entrepreneurship | By the end of he lesson, students should be able to: 1 explain the term entrepreneurship; 2. examine the concept entrepreneurship education 3. outline the importance of entrepreneurship; 4. analyse frequalites of an entrepreneur |
| 11 | REVISION | |
| 12-13 | EXAMINATION | |
| CLASS | S.S.S. 2 | |
| SUBJECT | Bookkeeping | |
| TERM | Third Term | |
| WEEK | TOPICS | Learning Objectives |
| 1 | REVISION SINGLE ENTRY AND INCOMPLETE RECORD -Meaning, limitation and preparation of final account from incomplete records | By the end of the lesson, students should be able to: 1. give an explanation for single entry. 2.identify Emitations of single entry and incomplete records. 3. prepare opening statement of affairs. |
| 2 | SINGLE ENTRY AND INCOMPLETE RECORDS -Working exercise. | By the end of the lesson, students should be able to: 1. Prepare net profit statement. 2. Convert single entries to double |
| 3 | ACCOUNT OF NON-PROFIT MAKING ORGANiSATiON -Meaning of Non-Profit Organisation -Source of income and example -Book maintained, receipt and payment account -Income and expenditure account -Balance sheet | By the end of the lesson, students should be able to. 1. describe non-profit making organisations. 2. List the sources of income to a non-profit making organization 3. clear up receipts and payments accounts |
| 4 | RECEIPT AND PAYMENT -Meaning of receipt and payment account -Purpose of receipt and payment account -User of receipt and payment account -Content of receipt and payment account | By the end of the lesson, students should be able to 1. identify the users of receipt and payment account 2. state the content of receipt and payment account 3. describe receipt and payment account |
| 5 | RECEIPT AND PAYMENT ACCOUNT -Preparation of receipt and payment account | By the end of the lesson, students should be able to 1. use the given information to prepare receipt and payment account 2. balance receipt and payment account |
| 6 | INCOME AND EXPENDITURE ACCOUNT -Meaning, purpose of income and expenditure account -Uses of income and expenditure account -Contents of income and expenditure account | By the end of the lesson, students should be able to 1. explain income and expenditure account 2. identify items used to prepare income and expenditure account 3. list the users of the account |
| 7 | OPEN DAY/MID TERM BREAK | |
| 8 | INCOME AND EXPENDITURE ACCOUNT -Identification and difference of revenue and capital expenditure -Preparation of simple income and expenditure account | By the end of the lesson, students should be able to 1. prepare income and expenditure account 2. identify capital and revenue expenditure 3. determine the surplus or deficit 4. differentiate between surplus and deficit 5. prepare income and expenditure account |
| 9 | BASIC CONCEPT OF MARKETING -Meaning of marketing -Methods of marketing -Importance of marketing -Marketing distribution of channel chart | By the end of the lesson, students should be able to 1. describe the term marketing 2. examine the methods of marketing 3. analyze the importance of marketing 4. create a flowchart of the marketing of channel of distribution |
| 10 | Marketing continued a. product branding b. product packaging c. costing d. pricing | By the end of the lesson, students should be able to 1. highlight the factors to be considered in product price tag 2. distinguish between the term packaging/ branding 3. develop a feasibility study of setting up a profitable business or a production unit 4. creatively design, a befitting package for their product |
| 11 | REVISION | |
| 12-13 | EXAMINATION | |
The recommended textbook for Book Keeping in SSS2 is:
