About SSS3 Book Keeping Scheme of Work
Book Keeping teaches students how to accurately record and manage financial transactions. It is about recording every financial transaction clearly and sorting them into categories. This helps individuals and businesses keep track of their money, understand where it’s going, and plan for the future.
For SSS3 students, mastering bookkeeping isn’t just about passing exams—it’s about gaining practical skills that can be applied in real life. In the WASSCE, students are tested on their understanding of things like ledger accounts, trial balances, cash books, and financial statements. These are the tools used to manage finances in businesses and organizations.
Studying bookkeeping using the Lagos state unified scheme of work helps students develop critical thinking and math skills. They learn to analyze financial data, make informed decisions based on it, and understand the importance of honesty and accuracy in financial reporting.
Assessment Guide
Book Keeping in SSS3 focuses on theoretical understanding and practical skills in managing inventory and documentation. WASSCE assessments evaluate students’ ability to apply bookkeeping principles, solve problems, and communicate effectively. Emphasis is placed on ethical considerations and the use of technology, preparing students for careers in business administration and supply chain management.
SSS3 First Term Scheme of Work for Book Keeping
| LAGOS STATE MINISTRY OF EDUCATION: UNIFIED SCHEMES OF WORK FOR SENIOR SECONDARY SCHOOLS | ||
| Bookkeeping Scheme of Work for Senior Secondary Schools 3(SSS3) | ||
| Class | S.S.S 3 | |
| Subject | Bookkeeping | |
| Term | First Term | |
| Week | Topic | Breakdown |
| 1 | Welcome/Reddiness assessment Test -Revision of Last Term’s Topic | |
| 2 | Business organization | 1. Describe various types of business 2. Identify the various sources of capital to each business organisation 3. Explain the advantage and disadvantage |
| 3 | Business organization | 1. Explain the advantage and disadvantage to each business organisation 2. Explain the objectives of corperative societies |
| 4-6 | Purchase of Business | 1. Give reason for sale and purchase of existing business 2. Describe terms related to sales and purchase of business 3. Prepare account relating to the sale and purchase of business |
| 7 | Mid Term Break | |
| 8 | Departmental and Branch Account | 1. Describe departmental and branch account 2. Explain the need for departmental account 3. Prepare a departmental account |
| 9 | Hire Purchase | 1. Define hire purchase 2. Describe the operation of hire purchase and installment payment 3. Prepare entries in the respective books of the saller and the hirer |
| 10 | Product and Service Marketing | 1. Differentiate between product and services 2. Explain marketing 3. Describe various types of product and services |
| 11 | Revision | |
| 12-13 | Examination | |
SSS3 Second Term Scheme of Work for Book Keeping
| Term | Second Term | |
| Week | Topic | Breakdown |
| 1 | Joint Venture Account | 1. Explain joint venture 2. Distinguish between joint venture and partnership 3. Prepare account of joint venture business |
| 2 | Manufacturing Account | 1. Explain the following terminologies: Prime coct, Direct/indirect labour cost, Overhead, Cost of production etc 2. Identify the items in manufacturing account 3. Relate manufacturing account to trading account 4. Prapare manufacturing account |
| 3 | Partnership Account | 1. Explain the following terms -Partnership deed -Drawings -Capital and Current Account -Profit and loss appropraition account |
| 4 | Partnership Account | 1. Prepare current and capital account 2. Prepare trading, profit and loss account 3. Prapare appropraition account 4. Prepare balance sheet |
| 5 | Introduction of Company Acccount | 1. State the legal requirement for the formattion of companies 2. Identify the layout of company financial statement 3. Prepare a company financial’s statement |
| 6 | Contract Account | 1. Explain the nature of contract account 2. Describe related terms 3. Prepare various contract account |
| 7 | Open Day/Mid Term Break | |
| 8-13 | Examination | |
Achievement standards
At the end of SSS3, students can;
- Discuss business organization and outline the advantages and disadvantages of business organization;
- Define and discuss the operation of hire purchase and installment payment;
- Explain marketing and differentiate between products and services;
- Explain the manufacturing account and manufacturing account to the trading account;
- Explain the term, partnership and outline the features of partnership deeds;
- Discuss the uses of profit and loss in appropriate accounts.
Recommended Book Keeping Textbooks for Senior Secondary School 3
The recommended textbooks for Book Keeping in SSS3 include:
- Simplified Book Keeping and Accounting by Femi Longe.
