Poa - Fast Track( 2 Years)

8/14/2019 Poa - Fast Track( 2 Years)

1/44

Unit 1 Introduction to Book Keeping

Glossary : Book keeping, Accounting, Transaction, Accounting period, Assets, Liabilities, Revenues, Expenses,Owners Equity, proprietorship, Partnerships, Limited Companies, Going Concern, Monetary Concept,Consistency Concept, Objectivity Concept, Historical Cost, Accounting Period, Conservatism Concept,

Accounting Entity Concept, Accrual Concept, Dual Concept, Accounting Information System, Ledger

TIMEFRAM

ESPECIFIC OBJECTIVES LESSON CONTENTS

SUGGESTED TEACHINGLEARNING ACTIVITIES

SUGGESTEDON-LINE

PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK

YEAR 8 (2YR PROGRAMME)1


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4WEEK

S

Students should be able to:

state the purpose ofbook-keeping andaccounting.

explain the difference

between book-keepingand accounting.

explain what atransaction is.

describe the 3 typesof business.

describe theaccounting process.

use Ledger rules foraccounts to recordtransactions.

explain the purposeof the accountingperiod.

accounting principles

accountingInformation System.

accounting Equationeffect of transaction.

Role of Accounting

Difference betweenbook-keeping andaccounting

Nature of businesstransactions

Purpose of book-keeping and accounting

Purpose ofaccounting period

The accountingprocess

Ledger Rules; Assets,Liabilities, Revenues,Expenses and OwnersEquity.

Fundamental

Concepts and accounting. AccountingInformation System

Advantages of AIS.

Disadvantages ofAIS.

Purpose of AISCompare and contrastthe differences ofaccounting cycle oraccounting process in the

computerized andmanual system.

Which type ofbusiness would be themost common? Why?

Analyse the reasonswhy specific types ofbusinesses choose

particular businessform.

Compare andcontrast theadvantages anddisadvantages of eachtype of business unit.

Discuss the role ofaccounting informationin making financialdecisions.

Go to the nearestmini-mart and list allassets that can be andmeasured in terms ofmoney.

Provide case studywhere students areable to:

State the date of theBalance Sheet.

Total Assets, Total

liabilities and ownersequity.

The type of liability inthe business.

Whats makeup theowners equity of the

www.acra.gov.sg/general/directory.html

(for actual examplesrepresenting eachtype of businessunit)

http://www.jnj.com

http://info.sgx.com/webcorpinfo.inf

( Gives the latestinformation ofannual reports of

Johnson and JohnsonCorporation)

http://www.swcollege.com/vircomm/gita/gitall.html

(learn more aboutthe expandedaccounting equation)

http://www.accpac.com

(To know thedifferent kinds ofbusinessmanagementsoftware e.g.QuickBooks

accounting software,UBS etc )

http://www.solomom.com

(e-business softwarefor small to medium


http://www.acra.gov.sg/general/directory.htmlhttp://www.acra.gov.sg/general/directory.htmlhttp://www.jnj.com/http://info.sgx.com/webcorpinfo.infhttp://info.sgx.com/webcorpinfo.infhttp://www.swcollege.com/vircomm/gita/gitall.htmlhttp://www.swcollege.com/vircomm/gita/gitall.htmlhttp://www.swcollege.com/vircomm/gita/gitall.htmlhttp://www.accpac.com/http://www.accpac.com/http://www.solomom.com/http://www.solomom.com/http://www.acra.gov.sg/general/directory.htmlhttp://www.acra.gov.sg/general/directory.htmlhttp://www.jnj.com/http://info.sgx.com/webcorpinfo.infhttp://info.sgx.com/webcorpinfo.infhttp://www.swcollege.com/vircomm/gita/gitall.htmlhttp://www.swcollege.com/vircomm/gita/gitall.htmlhttp://www.swcollege.com/vircomm/gita/gitall.htmlhttp://www.accpac.com/http://www.accpac.com/http://www.solomom.com/http://www.solomom.com/


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business. sized organisation)

Unit 2 Ledger and Balancing of Accounts

Glossary : Ledger, Purchases (Creditors) Ledger, Sales (Debtors) Ledger, General Ledger, Debit Balance, CreditBalance

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SUGGESTEDON-LINE




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4WEEK

S

Students should be ableto :

explain the purposeof the ledger.

explain the reasonsfor maintaining

separate ledgers.analyse transactionsand post relevantdetails to appropriateaccounts in the ledgers.

balance ledgeraccounts.

interpret the detailsand the balances in theaccounts.

record transactions

related to drawings ofstock, cash or otherassets.

The Ledger :

Rules of LedgerEntries.

Types of Accounts.

Balancing / Closing

Accounts.

Teacher draws theledger and explains itsfunctions for each typeof accounts.

Teacher explains therules of entries for each

type of accounts andasks the students orallyand written to provetheir understanding.

Teacher explains theways of balancing andclosing all the accountsin the ledger and provesthe studentsunderstanding andknowledge by solving

the problems ofbalancing accounts onthe board.

http://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htm


http://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htm


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Unit 3 Source Documents and Books of Prime Entry

Glossary : Source Documents, Till Slips, An invoice, Cheque counterfoil, Sales invoice, Vouchers, Purchase invoice,Debit note, Credit note, Cheque, Receipt, Statement of account, Bank statement, Journals, Ledger, General

Journal, General Ledger, Purchases Journal, Sales Ledger/Debtors Ledger, Returns Outwards Journal ,Purchases Ledger/Creditors Ledger, Sales Journal, Returns Inwards Journal, Trade Discount, Cash Discount ,

Petty Cash, The Cash Book.

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4 SOURCE DOCUMENTS




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WEEKS

Students should be ableto:-

explain what are sourcedocuments and theirimportance.

name and state the use

of an invoice, creditnote, debit note,cheque, chequecounterfoil, till slips,vouchers, receipt, bankstatement andstatement of accounts.

determine whichbusiness document is tobe used in a particulartransaction / situation.

Comprehend that theinformation in thesedocuments is used inthe recording of thebusiness transactions.

state the different booksof original entry.

Objectivity concept

Definition of sourcedocuments.

Features of sourcedocuments.

Importance of sourcedocuments.

Types and uses of source documents.(Invoice, Credit note,Debit note, Cheque,Cheques counterfoil, TillSlips, vouchers, Receipt,Bank Statement andStatement of Accounts.

Books of original entryor prime entry.

Ask students to identifysource documents usedin a particular/ giventransactions.

Exercises on matchingtransactions to

documents. Ask the students to list

the source of documents that a soletrader can use for hisbusiness.

Introduce students tothe actual examples ofused source documentstaken from differentbusinesses. Ask

students to name thedocuments and theirpurposes.

Role Play of a simplecash transaction and thesubsequent settlementof debt.

A project for students tocreate their ownbusiness documents.

http://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htm


http://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htm


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SUGGESTEDON-LINE

JOURNAL

Student should be able to:

define and explain thepurpose of the journal.

list the advantages anduses of the General

Journal.

differentiate betweenthe General Journal andthe specialized journals

record transactions inthe following journals:-Cash Book, Sales

Journal, PurchasesJournal, Returns InwardsJournal, ReturnsOutwards Journal andGeneral Journal and postthem to ledgers.

enter those transactionsthat cannot be recordedin any special journal inthe General Journal andpost it to ledger.

write relevantexplanatory narrationsfor each entry.

identify the source ofdocuments for writingup the journals.

Definition of journals.

Role of journal in theaccounting process.

Recording transactionsfrom source documentsinto the journals.

The General Journal.

Advantages of using theGeneral Journal.

Uses of the GeneralJournal.

Recording into the

General Journal.Trade and cash

discount.

Purchases Journal.

Returns OutwardsJournal.

Sales Journal.

Returns InwardsJournal.

Recording transactionsinto Purchases Journal

and Returns OutwardsJournal.

Recording transactionsinto Sales Journal andReturns Inwards Journal.

The Cash Book and

Recording the

information in thesource documents intodifferent types of

journals.

Post the transactions inthe General Journal andthe Special Journal tothe appropriateaccounts in the ledgers.

List the similarities anddifferences between

special journals andgeneral journal.

Calculate the tradediscount and cashdiscount by givingnumerical example.




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distinguish between atrade discount and cashdiscount.

calculate and record thetrade discount into therelevant journal.

Petty Cash.

Posting.

Ledger.

Posting from theGeneral Journal

Posting from the

Purchases Journal.

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differentiate between aGeneral Ledger, aPurchases Ledger andSales Ledger.

post entries from thejournals to the

appropriate ledgers.

Posting from theReturns Outwards

Journal.

Posting from the SalesJournalPosting from the Returns

Inwards Journal.

Unit 4 Cash Book and Petty Cash Book

Glossary : Balance, Bank overdraft, Two column cash book, Three column cash book, Cash discount, Contraentries, Trade discount, Discount allowed, Discount received, Float, Imprest system, Petty cash book,Petty cash, Petty expenses, Petty cash voucher, receipts, Reimbursement.

TIMEFRAM

E

SPECIFIC OBJECTIVES LESSON CONTENTSSUGGESTED TEACHINGLEARNING ACTIVITIES

SUGGESTEDON-LINE

1WEEK

CASH BOOK


explain Cash Book asa journal and a ledger.

list and explain thepurpose of Cash Book.

distinguish between,and account for, tradediscount and cashdiscount; discount

allowed and discountreceived.

explain contratransactions.

state and follow theprocedure of preparing

Dual functions ofCash Book.

Purposes of CashBook.

Two column cash book.

Difference betweentrade discounts andcash discounts.

Difference betweendiscount allowed anddiscount received.

Three column cash book.

Contra-entrytransactions

Processing of

Discuss and makeclear about: dualfunctions of a cashbook; purposes of acash book; differencebetween cash andtrade discounts;difference betweendiscount allowed and

discount received;contra entrytransactions

Record transactionsin a two column andthree column cash

http://www.bhl.co.nz/easybooks/(Usefulness of CashBook)

Microsoft OfficeProgram, then clickon MicrosoftMoney (Recording

of monthly receiptsand payments)


http://www.bhl.co.nz/easybooks/http://www.bhl.co.nz/easybooks/http://www.bhl.co.nz/easybooks/http://www.bhl.co.nz/easybooks/


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a Cash Book.

draw up a Cash Bookfollowing proper rulesand format.

transactions in theCash Book.

book .

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1WEEK

PETTY CASH BOOK

determine and explainthe use of a Petty CashBook.

discuss and explain theImprest System.

to state and follow theprocedure of preparingthe Petty Cash Book.

to prepare a ColumnarPetty Cash Bookfollowing proper rulesand format.

Purpose of the PettyCash Book.

Features andAdvantages of theImprest System.

Recording ofTransactions in theColumnar Petty Cash

Book with AnalysisColumns for Expenses

Explain about the useof petty cash book andImprest system.

Record transactions inthe petty cash book.

Give guided exercisesand reinforcementexercises.

www.msn.com.sg(tips on how tohandle petty cash)

Unit 5 Trial Balance, Trading, Profit and Loss Account and Balance Sheet


http://www.msn.com.sg/http://www.msn.com.sg/


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Glossary :Trial Balance, Gross Profit, Gross Loss, Net Profit, Net Loss, Cost of Goods Available for Sale, Cost ofGoods Sold (Cost of Sales), Additional cost of purchases, Net purchases, Net Sales, Operating Expenses,Other Revenue, Fixed Assets, Current Assets, Owners Equity (Proprietorship), Long Term Liabilities,Current Liabilities.

TIME

FRAME

SPECIFIC OBJECTIVES LESSON CONTENTS SUGGESTED TEACHINGLEARNING ACTIVITIES SUGGESTEDON-LINE

3WEEK

S

TRIAL BALANCE


determine the closingbalance of an account

list accounts which aredebit and credit innature.

state the purpose of

preparing a TrialBalance

explain the limitations ofthe Trial Balance

Determining thebalance of an account

Balancing Assets andLiabilities Accounts

Trial Balance

Purpose of a TrialBalance

Limitations of a Trialbalance

Show how a TrialBalance is preparedat the end of a

Trading period byusing a simpleexample using simpletransactions.

www.Accounting10.tripod.com

www.Bized.ac.uk

TIMEFRAM



SUGGESTEDON-LINE

recognize that it is astatement of ledger

balances at a particulardate

identify and explainthose errors which donot affect the TrialBalance


http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.bized.ac.uk/http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.bized.ac.uk/


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TRADING, PROFIT AND LOSS ACCOUNT


calculate gross profit.

calculate net profit.

draw up a Trading andProfit and Loss Account.

identify the additionalcost on purchases.

determine the cost ofgoods sold.

transfer net profit/lossto the capital account.

close the DrawingsAccount.

explain how the closingstock is valued.

Gross profit.

Closing Nominalaccounts.

Preparation of TradingAccount.

Closing stock, Openingstock.

Additional cost onpurchases.

Net profit.

Preparation of Profit andLoss Account.

Closing of NominalAccounts affecting netprofit.

Closing of DrawingsAccount.

Balancing the CapitalAccount.

Net loss.Transfer of AccountBalances to FinalAccounts and CapitalAccount.

Revise the closing ofnominal accounts.

Show the T-formatTrading and Profit andLoss Account on theboard.

www.Askltd.com

www.Staffs.ac.uk

www.Bized.ac.uk

BALANCE SHEET


classify assets into Fixedand Current Assets.

classify liabilities intoLong Term and CurrentLiabilities.

Balance Sheet.

Assets and Liabilities.

Owners Equity.

Preparation of theBalance Sheet.

WWW.Askltd.com

WWW.Staffs.ac.uk

WWW.Bized.ac.uk


http://www.askltd.com/http://www.staffs.ac.uk/http://www.bized.ac.uk/http://www.askltd.com/http://www.staffs.ac.uk/http://www.bized.ac.uk/http://www.askltd.com/http://www.staffs.ac.uk/http://www.bized.ac.uk/http://www.askltd.com/http://www.staffs.ac.uk/http://www.bized.ac.uk/


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14/44

TIMEFRAM



SUGGESTEDON-LINE

prepare a Balance Sheetfrom a Trial Balance.

Book-keeping procedureup to the Balance Sheet.

Analysis of the BalanceSheet.

Balance Sheet Equation.

Unit 6 Payroll Accounting

Glossary : Wages, Salaries, Time Card/Job Card, Piece Rate, Overtime, Commission, Income Tax, NationalInsurance, Health Surcharge, Private deductions, Payroll Register, Gross Salary, Net Salary, Payslip.

TIMEFRAM

E

SPECIFIC OBJECTIVES LESSON CONTENTSSUGGESTED TEACHING

LEARNING ACTIVITIES

SUGGESTED

ON-LINE

2WEEK

S


interpret time cards.

transfer informationfrom time cards to thepayroll.

calculate gross and netearning/pay.

prepare the payrollregister.

explain and calculatepay using the time basisand piecework basis.

explain and calculateovertime.

explain statutory

Methods of payment ofwages.

Interpret time card.

Salary deductions.

Payroll register.

Calculate gross and netearnings.

Collect actual time cardor job card or clock card.

Show the calculation ofwages.

Show the PayrollRegister.

Show how to calculatenet salary.




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deductions for IncomeTax, Social Security andNational Insurance.

explain voluntarydeductions for pensioncontribution.




16/44

Unit 7 Balance Day Adjustments

Glossary : Accounting basic concepts, accrued, accruals, accrued expenses, accrued revenue, balance dayadjustments, expenses, revenue, prepayments, revenue prepaid, revenue received in advance,unearned revenue.

TIME

FRAME

SPECIFIC OBJECTIVES LESSON CONTENTS SUGGESTED TEACHINGLEARNING ACTIVITIES SUGGESTEDON-LINE




17/44

3WEEK

S


explain the accountingprinciples behind theadjustments in theaccounts on the balanceday prior to the

preparation of the finalaccounts.

make the ledger entriesfor the following balanceday adjustments:

Accrued Expenses

Accrued Revenue

Prepaid Expenses

Unearned Revenue

determined theexpenses payable or

revenue earned andtransferred to the profitand Loss Account for thecurrent accountingperiod.

determine the accrualsand prepayments in theBalance Sheet at theend of the accountingperiod.

Accounting Principlesand Balance DayAdjustments.

Accrued Expenses.

Accrued Revenue.

Prepaid Expenses.

Unearned Revenue orRevenue received inadvanced.

Explain the accountingperiod concept,matching and accrualconcepts

Explanation withexamples taken from

simple transactionrelating to accrued andprepaid expenses andincome.

Show the simple stepsin recordingtransactions.

Show how to find themissing amount to betransferred to the profitand loss.

Show where and whyaccrued and prepaidexpenses and incomeappears in the BalanceSheet.

WWW.Ventureline.Com/Glossary.asp

C21accounting.com/student/green/gj_student_text_materials_frame.html


http://www.ventureline.com/Glossary.asphttp://www.ventureline.com/Glossary.asphttp://www.ventureline.com/Glossary.asphttp://www.ventureline.com/Glossary.asp


18/44

Unit 8 Depreciation of Fixed Assets

Glossary : Depreciation, Straight Line Method, Reducing Balance Method/ Diminishing Method, Revaluation method,Provision for Depreciation, Disposal, Gain on Disposal, Loss on Disposal

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explain depreciation.

state and explain thecauses of depreciation.

calculate annualdepreciation.

record depreciation offixed assets in thegeneral ledger.

record provision fordepreciation.

adjust depreciation inProfit and Loss account.

adjust provision fordepreciation in theBalance Sheet.

explain disposal.

calculate Gain or Losson Disposal.

provision fordepreciation amount inthe Disposal a/c.

Causes and Reasons ofDepreciation.

Methods ofDepreciation:-

Straight line

Reducing balance

Revaluation

Recording theDepreciation of Fixed

Assets. Recording Provision forDepreciation a/c, itseffect in the Profit andLoss a/c and BalanceSheet.

Disposal Account.

Fixed Assets a/c.

Gain/ Loss on Disposal =Selling Price-Net BookValue.

Provision fordepreciation on fixedasset disposed.

What is the relevancy ofmatching concept to thedepreciation of fixedassets?

Demonstrate andexplaining the differentmethods.

Recording the doubleentry between Provisionfor Depreciation a/c andits effect in the Profitand Loss A/C andBalance Sheet.

Demonstrate on theboard the disposalaccount and effect onthe Fixed assets a/c.

Show the gain/loss ondisposal in relevantaccounts.

http://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcities

(A software to help carowners estimates theirvehicles value-try out ithas a depreciationcalculator!)

http://www.depreciationsoftware.com/features.html

( to simplifies thetedious fixed asstmanagement process)

http://en.wikipedia.org/wiki/Depreciation

(more into depreciation)


http://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.depreciationsoftware.com/features.htmlhttp://www.depreciationsoftware.com/features.htmlhttp://www.depreciationsoftware.com/features.htmlhttp://en.wikipedia.org/wiki/Depreciationhttp://en.wikipedia.org/wiki/Depreciationhttp://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.depreciationsoftware.com/features.htmlhttp://www.depreciationsoftware.com/features.htmlhttp://www.depreciationsoftware.com/features.htmlhttp://en.wikipedia.org/wiki/Depreciationhttp://en.wikipedia.org/wiki/Depreciation


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20/44

Unit 9 Bad Debts and Provision

Glossary : Bad Debts, Credit Sales, Debtors, Bad Debts Written-off, Recovery of Bad Debts, Partial Settlement ofDebtors, Doubtful Debts, Provision for Doubtful Debts.

TIMEFRAME


SUGGESTEDON-LINE

3WEEKS

Students should be able to :

explain the credit sales.

explain the reasons forincurring bad debts.

explain the differencebetween bad debts anddoubtful debts.

explain recovery of baddebts and partialsettlement of debts.

prepare journal andledger for writing-off baddebts, recovery of baddebts and makingprovision for doubtfuldebts.

show the effects of baddebts, recovery of baddebts and provision fordoubtful debts in Profitand Loss Account andBalance Sheet.

Bad Debts :

Bad Debts

Writing-off Bad Debts

Recovery of Bad Debts

Partial Settlement ofDebtors

Difference between BadDebts and DoubtfulDebts

Provision for DoubtfulDebts :

Creation,

Increasing

Decreasing

When Provision forDoubtful Debts and BadDebts Accounts existsimultaneously

Explains the credit sales,existence of debtors andbad debts.

Ask students tointerview sole traders onthe effect of credit salesand bad debts to theirbusinesses.

Explains journal andledger entries for BadDebts written-off,

Recovery of Bad Debtsand Partial Settlement ofDebtors.

Explains the effects ofcreation, increasing anddecreasing of Provisionfor Doubtful Debts inProfit and Loss Accountand Balance Sheet.

http://www.insolvencyhelpline.co.uk

https://secure.mas.gov.sg/msb/msbQuery.Cfm?tableset=i&tablename =115&tno=17


http://www.insolvencyhelpline.co.uk/http://www.insolvencyhelpline.co.uk/http://www.insolvencyhelpline.co.uk/http://www.insolvencyhelpline.co.uk/


21/44

Unit 10 Final Account with Adjustments

Glossary : Refer to Unit 5, 7, 8 and 9.

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Adjust the followingbefore the preparationof final accounts:-

Expenses.

Revenue.

Prepayments.

Revenue prepaid.

Revenue received inadvance.

Unearned revenue.

Depreciation of FixedAssets.

Bad Debts andProvision.

The effects and how itreflect on the FinalAccounts and BalanceSheet.

Expenses.

Revenue.

Prepayments.

Revenue prepaid.

Revenue received inadvance.

Unearned revenue.Depreciation of Fixed

Assets.

Bad Debts andProvision.

Refer to Unit 5, 7, 8 and9.

Refer to Unit 5, 7, 8and 9.

Unit 11 Bank Reconciliation Statement

Glossary : Bank statement, Bank reconciliation, Unpresented cheque, Uncredited cheque, Bank charges, Chequebook, Standing order, Dishonoured cheque, Credit transfer, Bank giro transfer, Interest on fixed deposit,Interest on overdraft, Bank overdraft

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2WEEK

S


explain the reasons forthe discrepancybetween Cash Book(Bank Column) and BankStatement balances.

Bank Statement.

Cash Book.

Discrepancies betweenCash Book (BankColumn) and BankStatement.

Displays a sample of aBank Statement andexplains the entries.

http://teachers.cie.org.uk/teacherssupport/pdf/7110s03gp 2.pdf


http://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdfhttp://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdfhttp://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdfhttp://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdfhttp://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdfhttp://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdfhttp://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdf


23/44

TIMEFRAM



SUGGESTEDON-LINE

explain the need forBank Reconciliation.

review transactionsmissing from the CashBook (Bank Column) orthe Bank Statement bylisting:

the items in the CashBook not entered inthe Bank Statement

the items in theBank Statement notentered in the Cash

Book adjust the Cash Book

(Bank Column)

prepare a BankReconciliationStatement starting fromthe Cash Book balance

prepare a BankReconciliationStatement starting fromthe Bank Statementbalance

prepare a BankReconciliationStatement when there isa bank overdraft

Adjust the Cash Book(Bank Column).

Bank ReconciliationStatement starting withCash Book (BankColumn) balance.

Bank ReconciliationStatement starting withBank Statementbalance.

Differing openingbalances and errors inthe Cash Book (Bank

Column) and the BankStatement.

Bank overdraft andBank ReconciliationStatement.

Allow one student toenter transactions in the

Cash Book while thepartner records them inthe Bank Statement.

Teacher supplies thetransactions.

Demonstrates atransaction onuncredited deposit andexplains the need forBank Reconciliation.

Compare a Bank

Statement with CashBook (Bank Column)entries.

Show the Cash Bookadjustment.

Introduce the termsuncredited cheques andunpresented cheques.

Demonstrates how aBank ReconciliationStatement is prepared.

Explains the transactionthat causes the openingbalances in Cash Book(Bank Column) and BankStatement to differ.

Explains how to deal

http://www.franklencomputer.com/check

writing_more_information.html

http://www.accaglobal.com/cpdrealise/

http://accounting10.tripod.com/content.html

http://www.goggle.c

om(search for bankreconciliation)

http://www.ida.gov.sg/idaweb/ebusiness


http://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.accaglobal.com/cpdrealise/http://www.accaglobal.com/cpdrealise/http://www.goggle.com/http://www.goggle.com/http://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusinesshttp://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.accaglobal.com/cpdrealise/http://www.accaglobal.com/cpdrealise/http://www.goggle.com/http://www.goggle.com/http://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusiness


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with errors in Cash Book(Bank Column).

Explains how anoverdrawn balanceaffects the reconciliationprocess.




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Unit 12 Departmental Account

Glossary : Department, Apportionment of expenses, (refer unit 5)

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define DepartmentalAccounts.

explain the purpose ofpreparing theDepartmental account.

calculate the allocationof expenses for eachdepartment in the Finalaccount.

prepare simplecolumnar TradingAccounts when dealingwith a business whichhas two or moredepartments;- in thecorrect format and inaccordance to the policyof the business in theallocation of the variousexpenses.

Introduction.

Purpose ofDepartmental accounts.

Apportionment ofexpenses.

Analysed Trading andProfit and Loss Account.

Ask students to prepareFinal account,apportioning theundivided expenses inproportion to the sales,floor areas, number ofemployees, etc




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Unit 13 Capital and Revenue Expenditures and Receipts

Glossary : Trading concern, non-trading concern, capital expenditure, capital receipts, revenue expenditures, revenuereceipts.

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1WEEK


distinguish and accountfor capital and revenueexpenditures.

distinguish and accountfor capital and revenue

receipts. list and compare the

capital and revenueexpenditures andreceipts of a tradingconcern and non-tradingconcern.

Difference betweencapital and revenueexpenditures.

Difference betweencapital and revenuereceipts.

Capital and revenueexpenditures of atrading concern andnon-trading concern.

Capital and revenuereceipts of tradingconcern and non-tradingconcern.

Introduce the terms:capital expenditure,revenue expenditure,capital receipts andrevenue receipts.

List on the board (in

table form) theexpenditures andincome of a tradingconcern and non-tradingconcern.

Divide the class into 2groups, then let themcontact local shop for 1group and the othergroup to contact a localclub. Ask the shop andthe club about theircapital and revenueexpenditures andreceipts. Presentationin the class will follow.

http://www.bized.ac.uk/stafsup/options/accounting/work03.html

http://teacher.cie.org

.uk/teacher_support/pdf/7110_w03_gp_1.pdf

Unit 14 - Incomplete Records

Glossary : Incomplete records, Statement of Affairs, Single Entry,


http://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdfhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdfhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdfhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdfhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdfhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdfhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdf


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TIMEFRAM



SUGGESTEDON-LINE

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Identify the weakness of

incomplete records Calculate profit usingthe comparison ofcapital methods

Calculate profit usingmethod of analysis.

Compute purchases,sales, debtors, creditors,expenses, revenues andassets from incompleterecords.

Prepare Statement ofAffairs.

Weakness of Incompleterecords

Calculate Profit or Lossfrom IncompleteRecords

Comparison of CapitalMethod

Method of Analysis

Statement of Affairs

Explain the importanceof double entry book-

keeping. Explain with example:-

The calculation ofprofit usingcapitalcomparison andmethod ofanalysis

Organize students intogroups of five to seven.

Try to find somevendors (school

canteen) who do notpractice the doubleentry system of book-keeping. Try offering theservice and suggest tothe vendor that thegroup can help them tocarry out the properway to book-keepingunder the double entrysystem. List out the

steps to be taken by thegroup of student on howto implement it.

http://toolkit.cch.com/text/P06_1350.asp(to find out more aboutsingle and double entryaccounting system)


http://toolkit.cch.com/text/P06_1350.asphttp://toolkit.cch.com/text/P06_1350.asphttp://toolkit.cch.com/text/P06_1350.asphttp://toolkit.cch.com/text/P06_1350.asp


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Unit 15 Non-Trading Organizations

Glossary : Receipts and payments accounts, Bar / Refreshments Trading, Bar / Refreshments profit, income andexpenditure account, surplus, deficit, accumulated fund, subscription account, subscriptions in advance,subscriptions in arrears.

TIME

FRAMESPECIFIC OBJECTIVES LESSON CONTENTS

SUGGESTED TEACHING

LEARNING ACTIVITIES

SUGGESTED

ON-LINE

4WEEKS


distinguish betweenReceipts and PaymentsAccounts and Incomeand ExpenditureAccounts.

draw up the Receiptsand Payments Accounts,Refreshments andSubscriptions Accounts.

calculate theAccumulated Fund.

prepare the Income andExpenditure Accountsand Balance Sheets.

Refreshments TradingAccount.

Subscriptions Accounts.

Receipts and PaymentsAccounts.

Income and ExpenditureAccounts.

Accumulated Fund.

Balance Sheets.

Discuss and explain:-

Receipts andPayments Accounts;

Income andExpenditureAccounts.

Illustrate the similaritiesand differences betweennon-tradingorganizations.

Calculate Accumulatedfund using simpleexamples.

Prepare subscription a/c.

List the steps inpreparing the finalaccounts and balancesheet of non-tradingconcerns.




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Unit 16 Control Account

Glossary : Subsidiary Ledger, Control Accounts, Debtors Control Account/ Sales Ledger Control Account, Total DebtorsAccount, Creditors Control Account/Purchases Ledger Control Account, Transfer (Contra), Minority Balances.

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explain the purpose ofcontrol accounts.

draw up the DebtorsControl Account.

draw up the CreditorsControl account.

enter the followingitems into the relevantcontrol account:- credit

sales and purchases,receipts and payments,discounts, returns, baddebts, dishonouredcheque, interest onoverdue account, contraentries, refund, openingand closing balances onboth sides of theaccounts.

identify and use the

books of prime entry assources of informationfor the control accountentries.

explain how thetransfers (contra)

Control Account.

Purposes / Uses ofControl Account.

Debtors ControlAccount.

Creditors ControlAccount.

Transfers ( Contras ).

Minority Balances inControl Accounts

Prepare the DebtorsControl account andCreditors Controlaccount from the giventransactions.

Name the source ofinformation for theconstruction of bothcontrol accounts.

http://www.ventureline.com/glossary.asp


http://www.ventureline.com/glossary.asphttp://www.ventureline.com/glossary.asphttp://www.ventureline.com/glossary.asphttp://www.ventureline.com/glossary.asphttp://www.ventureline.com/glossary.asp


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between the sales andpurchases ledgers arepresented in the controlaccounts.

describe how minoritybalances arise and howthey affect the control

accounts.




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Unit 17 Manufacturing Accounts

Glossary : Cost of Raw Materials Consumed, Direct Costs, Prime Costs, Factory Overheads/Indirect Cost, Costs OfProduction, Cost of Manufacturing, Work In Progress, Unfinished goods, Stock of Unfinished goods,Gross Profit on Trading, Market Price of Finished Goods, Finished Goods.

TIME


SUGGESTED TEACHING

LEARNING ACTIVITIES

SUGGESTED

ON-LINE

3WEEKS

Students should able to :

define the two types ofcosts :

Direct Cost (PrimeCost)

Indirect Cost

prepare themanufacturing account.

give examples of DirectCost and Indirect Cost

compute the Prime Cost

calculate the Cost ofManufacturing(production)

show the treatment ofWork In Progress

prepare Trading Accountto calculate gross profitof a manufacturingbusiness

prepare Profit and Loss

Account for calculatingnet profit of amanufacturing business

prepare the BalanceSheet of a

Manufacturing Account:

Costs of RawMaterials.

Direct Costs.

Prime Costs.

Indirect Costs.

Work In Progress.

Costs of Production.

Market Price.

Manufacturing Profit.

Manufacturers Tradingand Profit and LossAccount :

Finished Goods.

Gross Profit onmanufactured andfinished goods.

Manufacturers

Balance Sheet :Closing Stock On Raw

Materials.

Closing Stock onFinished Goods.

Work In Progress at

Educational visit tomanufacturing firm forthe students able tounderstand the Cost ofRaw Materials, DirectCost, Indirect Cost andCost Of Production.

Assign a project for eachgroup in a class tomanufacture simple

product and ask thestudents to calculateCost of Raw Materials,Direct Cost, Indirect Costand Cost of Production.




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manufacturing business the end.




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Unit 18 Correction of Errors and Suspense Account

Glossary : Errors of omission, Errors of commission, Errors of principle, Errors of original entry, Compensatingerrors, Reversal of entries, Suspense account, Differences in books, Understate, Overstate, Undercast,Overcast, Undervalue, Overvalue

TIME


SUGGESTED TEACHING

LEARNING ACTIVITIES

SUGGESTED

ON-LINE

4WEEKS

Students should be ableto:

lists, identify andanalyse errors notrevealed by a TrialBalance.

identify and correcterrors revealed by a

Trial Balance withSuspense Account.

make journal andledger entriessupporting thecorrection of errors.

post entries toSuspense Accountwhere necessary.

analyze the effectsand correction oferrors on:

Trial Balance. Profit and Loss

Accounts.

Balance Sheet.

Do Not Revealed

Correction of errors notrevealed by a Trial Balancethru making journal andledger entries.

Error of omission

Error of commission

Error of principle

Compensating error

Error of original entry

Error of completereversal

Revealed:

Creation of SuspenseAccount when errorsrevealed by the TrialBalance:

Wrong casting in thebooks of original entries.

Incomplete doubleentries.

Double entriescompleted but withdifferent amounts.

Posting to the same sidein both accounts.

Demonstrate correctionof error on the board thelist of transactions,which do not revealedand revealed by trialbalance.

Record the errors in theledger accounts andcorrect each error thruledger and journal

entries. Introduce and explain

the function of aSuspense Account whena Trial Balance totals arenot equal.

Identify and correcterrors, which affect theagreement of the TrialBalance totals and howthey are corrected.

Analyze the effects oferrors in Trial Balanceand draw up thecorrected Trial Balance.

Analyze the effects oferrors and also its

http://www.gen.com/archives/gen/1997/may2b/pg3a.htm

http://accounting10.tripod.com/slides11.1.ppt

http://www.bized.ac.uk/stafsup/options/acc

ounting/work04.htm

http://www.bized.ac.uk/stafsup/options/accounting/mod2.tsuspense.htm

http://www.bized.ac.uk/stafsup/options/accounting/mod2.wsuspense.htm

http://teachers.cie.org.uk/teachersupport/pdf/7110 w03gp2.pdf


http://www.gen.com/archives/gen/1997/may2b/pg3a.htmhttp://www.gen.com/archives/gen/1997/may2b/pg3a.htmhttp://www.gen.com/archives/gen/1997/may2b/pg3a.htmhttp://accounting10.tripod.com/slides11.1.ppthttp://accounting10.tripod.com/slides11.1.ppthttp://accounting10.tripod.com/slides11.1.ppthttp://www.bized.ac.uk/stafsup/options/accounting/work04.htmhttp://www.bized.ac.uk/stafsup/options/accounting/work04.htmhttp://www.bized.ac.uk/stafsup/options/accounting/work04.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdfhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdfhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdfhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdfhttp://www.gen.com/archives/gen/1997/may2b/pg3a.htmhttp://www.gen.com/archives/gen/1997/may2b/pg3a.htmhttp://www.gen.com/archives/gen/1997/may2b/pg3a.htmhttp://accounting10.tripod.com/slides11.1.ppthttp://accounting10.tripod.com/slides11.1.ppthttp://accounting10.tripod.com/slides11.1.ppthttp://www.bized.ac.uk/stafsup/options/accounting/work04.htmhttp://www.bized.ac.uk/stafsup/options/accounting/work04.htmhttp://www.bized.ac.uk/stafsup/options/accounting/work04.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdfhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdfhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdf


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Correction of an errorrequiring more than twoentries.

Effects of correction oferrors on Trial Balance.

Effects of correction oferrors on profit.

Effects of correction onBalance Sheet.

correction on GrossProfit and Net Profit.

Analyze the effects oferrors and also itscorrection on BalanceSheet.

http://www.google.com (search for book-keeping errors)

http://www.ida.gov.sg/idaweb/ebusiness

Unit 19 Partnership (Admission / Goodwill / Amalgamation )

Glossary : Fixed Capital Account, Current Account, Profit and Loss Appropriation Account, Credit/debit balance in theCurrent Account, Goodwill, Premium, Revaluation Account, Amalgamation.

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WEEKS

PARTNERSHIP


differentiate between apartnership from a soleproprietorship.

calculate interest oncapital and interest ondrawings.

draw up the profit andLoss AppropriationAccount.

draw up Current Accountof a partner.

prepare the BalanceSheet of a Partnership

Main differencesbetween Partnership andSole Proprietorship

Partnership Agreement

Capital and CurrentAccounts of aPartnership

Interest on capital

Partners salaries

Interest on Drawings

Distribution of profits Profit and Loss

Appropriation account

Loans from partners

Balance Sheet

Explain with example:-

The Profit and LossAppropriationAccount.

The Current Accountof the partner.

The Owners Equity ispresented in theBalance Sheet withdetails of the Current

Accounts OR thebalance broughtforward only.

WWW.Tutor2u.net

WWW.Bized.ac.uk

WWW.Accounting10.tripod.com

WWW.Accaglobal.com


http://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusinesshttp://www.tutor2u.net/http://www.bized.ac.uk/http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.accaglobal.com/http://www.accaglobal.com/http://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusinesshttp://www.tutor2u.net/http://www.bized.ac.uk/http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.accaglobal.com/http://www.accaglobal.com/


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ADMISSION OF A PARTNER AND GOODWILL


define goodwill

record goodwill in thebooks

write off goodwill

follow the procedure inadmission of a partner

calculate assetsrevaluation and thepayment of Premium orthe raising of a GoodwillAccount

When Goodwill must bevalued

Raising a GoodwillAccount

Writing off Goodwill

Admission of a partnerand goodwill

Payment of a Premiumfor goodwill

Admission of a partnerand revaluation of assets

Explain withexample:-

The GoodwillAccount

The Revaluation

Account The Capital

Accounts

WWW.Tutor2u.net

WWW.Bized.ac.uk


WWW.Accaglobal.com

TIMEFRAM



SUGGESTEDON-LINE

construct the CapitalAccount of the existingpartner(s) after therevaluation of assetsand the payment ofpremium or the raisingof the Goodwill account.

draw up the BalanceSheet of the newpartnership.

AMALGAMATION


http://www.tutor2u.net/http://www.bized.ac.uk/http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.accaglobal.com/http://www.accaglobal.com/http://www.tutor2u.net/http://www.bized.ac.uk/http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.accaglobal.com/http://www.accaglobal.com/


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define amalgamation.

explain procedure takenbefore amalgamationtakes effect.

adjust the Capital

Accounts of the twofirms that are to merge.

prepare combinedBalance Sheet of thenew partnership.

Revaluation of assets.

Opening the goodwillaccount.

Discharging theliabilities or bring theminto the new

partnership. Adjustments to the

capital accounts.

Combined balance sheetof the new partnership.

Explain with example:-

Show the CapitalAccounts

Show the RevisedBalance Sheet

WWW.Tutor2u.net

WWW.Bized.ac.uk


WWW.Accaglobal.com


http://www.tutor2u.net/http://www.bized.ac.uk/http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.accaglobal.com/http://www.accaglobal.com/http://www.tutor2u.net/http://www.bized.ac.uk/http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.accaglobal.com/http://www.accaglobal.com/


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Unit 20 Limited Companies

Glossary : Authorised, Registered or Nominal Capital, Issued capital, Subscribed capital, Called-up capital, Uncalledcapital, Paid-up capital, Unpaid-up capital, Ordinary shares, Preference shares, Deferred shares,Debentures, Dividends, Interim dividends, Final dividends, Shareholders fund.

TIME

FRAME SPECIFIC OBJECTIVES LESSON CONTENTS

SUGGESTED TEACHING

LEARNING ACTIVITIES

SUGGESTED

ON-LINE




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3WEEK

S


describe the features ofa Limited Company.

distinguish betweenlimited and unlimitedliability.

explain the differentclasses of capital of alimited company.

explain the differencesbetween ordinaryshares, preferenceshares and deferredshares.

state the differencesbetween shares anddebentures.

calculate the dividendspaid on shares.

state the differencebetween interimdividends and finaldividends.

contrast the capitalstructure of soleproprietorships,partnerships and limitedcompanies.

prepare the

appropriation account. calculate the share

holders fund.

Limited Companies andtheir Features.

Company Accounts.

Classification of Capital.

Classes of Shares.

Debentures.

Dividends. Final Accounts of

Limited Companies.

Comparison of theCapital Structure of theSole Trader, Partnershipand Limited LiabilityCompany.

Describe the features ofa limited company.

Compare the abovefeatures with other typeof business i.e. soleproprietorship and

partnership. Explain the meaning of

the differentclassification of capital.

Explain the differentclasses of shares withrespect to the paymentof dividends.

Explain the function ofDebentures andhighlight theirdifferences with sharesof a company.

Explain final and interimdividends and how theyare calculated for thedifferent shares.

Prepare the format ofAppropriation accountshowing clearly thecalculation of dividends

Explain shareholdersfunds and how they are

calculated.

Visit coco cola website at:WWW.Cocoacola.ComRefer to the latestannual report and

ask student toidentify relevantitems.

Log on to theRegistrar of Companies website at:WWW.rcb.gov.sg


http://www.cocoacola.com/http://www.cocoacola.com/http://www.rcb.gov.sg/http://www.cocoacola.com/http://www.cocoacola.com/http://www.rcb.gov.sg/


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Unit 21 Interpretation and Analysis of Final Account and Balance Sheet

Glossary :Turnover, Interpret, Analyse, Acid-test ratio( quick/liquid ratio), Current ratio, Gross profit margin, Net profitmargin, Average stock, Liquidity, Mark-up, Quick (liquid) assets, Rate of return on capital, Rate of stockturn, Ratio analysis, Working capital, Working capital ratio, Capital employed, Capital owned.

TIME

FRAME SPECIFIC OBJECTIVES LESSON CONTENTS

SUGGESTED TEACHING

LEARNING ACTIVITIES

SUGGESTED

ON-LINE

3WEEK

S


To explain theimportance of analysisand interpretation offinancial statements.

To compute the differentaccounting ratios.

To comment upon thesignificance of the

accounting ratios in thefinal accounts andbalance sheet of abusiness.

Importance ofinterpretation andanalysis of final accountsand balance sheet.

Calculation of mainaccounting ratios asfollows:

gross profitmargin

mark up on cost rate of stockturn

net profit margin

expense ratio

working capital

liquid ratio

capital employed

rate of return oncapital invested

return on capitalemployed

Significance of theaccounting ratios in theperformance (finalaccounts and balancesheet) of the business.

Introduce with themeaning of the wordsinterpret andanalyse (use ofdictionary).

Show how to calculatethe different accountingratios based on givensituations.

Group students into 3/4.Show a financialstatements of abusiness, compare itsperformance for thegiven years using theaccounting ratios,Interpret and analysethe significance of theaccounting ratios in thefinal accounts andbalance sheet.

http://www.office.com/global

(Usefulexplanations

on financialanalysis)

http://www.managementsystems.net/benefits/benemain.htm

(Accountingsoftware to assist infinancial analysis)

http://www.ventureline.com/

(Sample industry

analysis and ratios

computed)

http://www.sgx.com.sg

Annual reports ofwell-known retailchains.


http://www.office.com/globalhttp://www.office.com/globalhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.ventureline.com/http://www.ventureline.com/http://www.ventureline.com/http://www.sgx.com.sg/http://www.sgx.com.sg/http://www.office.com/globalhttp://www.office.com/globalhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.ventureline.com/http://www.ventureline.com/http://www.sgx.com.sg/http://www.sgx.com.sg/


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REFERENCES:

Principles of Accounts;Marshall Cavendish Education 2nd Edition; Betsy Li, Tan Sai Kim, Goh Lin Chin.

Principles of Accounts;Marshall Cavendish Education 3rd Edition; Betsy Li, Tan Sai Kim, Goh Lin Chin.

Principles of Accounts;Marshall Cavendish Education 4th Edition; Betsy Li, Tan Sai Kim, Goh Lin Chin.

Principles of Accounts;Marshall Cavendish Education 5th Edition; Betsy Li, Tan Sai Kim, Goh Lin Chin.

Principles of Acounts; A complete Course with S.B.A Guides; CEP; David Ramlochan;Chairman Lalla

OLevel Principles of Accounts;Loh Boon Foo, Ng Kim Hwa;Longman

Principles of Accounts; Pearson Longman; Low-Wong Yee Yong, Wang-Aung Ah Hong.

Bookkeeping and Accounts; FT Prentice Hall; Frank Wood.

IGCE Accounting; Cambridge; Catherine Concom

BGCE O Level Past Years Exam Questions.

RECOMMENDED BOOKLET FOR STUDENTS:

Principles of Accounts MCQs Bank 2000 2006, Topical Past Year Papers;7110 / 1; ISBN 99917 48 74 1Cg Hj Md Yura Faisal bin Hj Mohd Yusof; BA (Hons) Education (Economics & Geography)



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