FIRST TERM SCHEME OF WORK FOR FINANCIAL ACCOUNTING SS3

Senior Secondary School Scheme of work for Accounting SS3 – Edudelight.com

NERDC Curriculum Accounting SS3

SS3 First Term Accounting Scheme of work Lagos State

1. REVISION
2. Preparation of company income statement
3. Appropriation account of a company – Goodwill preliminary expenses, reserves, dividend, bonuses
4. Company balance sheet – vertical and ‘T’ formats

5 .Capital markets

• Meaning, reasons for regulation, types of regulation, condition of enlisting in capital market

6. Security and exchange commission

• Functions, objectives, protection of investors, tools of regulation, registration, surveillance and monitoring, investations, enforcement, rule making

7. Nigeria Stock Exchange

• Definition, functions, operations
• Members (jobbers, brokers etc)
• Abuja stock/commodity exchange

8. Hire purchase/instalment payment account

• Sellers and hirers ledger
• Goods account, finance house
• Hire purchase account/interest account

9. Consignment Account

• Meaning, terminologies (Decredere commission)
• Consignor and consignee accounts
• Accounting entries in the books of the consignee

10. Joint Venture

• Meaning, differences between joint venture and partnership
• Joint venture (individual account)
• Joint venture memorandum account

11. REVISION

12. EXAMINIATION