FIRST TERM SCHEME OF WORK FOR COMMERCE SS2

Senior Secondary School Scheme of work for Commerce SS2 – Edudelight.com

NERDC Curriculum Commerce SS2

SS2 First Term Commerce Scheme of work Lagos State

WEEK  TOPIC

1                      Credit – Credit Sales and Deferred Payment.

2                      Credit – Hire Purchase, Leases, Mortgages etc.

3.                     Purchase and Sale of goods – Main documents used.

4.                     Purchase and Sale of goods – Terms of Trade, Terms of Payment, Common Abbreviations.

5.                     Means of Payment

6-7                   Consumer Protection

8-10                  Limited Liability Companies                          

11                    Revision

12                    Examination

SS2 First Term Commerce Scheme of work – Modified

Week 1: Revision/Public Enterprises.

• Meaning, formation and management of public enterprises.
• Sources of capital, reasons for govt. ownership of public enterprises, Advantages and disadvantages.

Week 2: Limited Companies.

• Meaning, Types, Private, Public
• Formation legal requirement (a) memorandum of association (b) article of association.

Week 3:Limited Companies (cont’d)

• Source of Capital – Shares (b) Stocks (c) Debentures (d) Retained Profits (e) Loan and Over-draft (f) Trade Credit (g) Leasing, factoring. Advantages and disadvantages.

Week 4: Cooperative societies – Definition, history, characteristics, Types of cooperative societies, advent

Week 5: Ages and disadvantages, problems of cooperative societies, similarities and differences between cooperative society and company.

Week 6: Commodity Exchange

• Meaning, Tradable, types: Agricultural produce, solid minerals, oil and gas, etc.

Week 7: Requirement for trading: trading system, ware housing, clearing system, standardizing methods

• Agricultural production, Agricultural product.

• Benefits of commodity exchange, encourage exploration of solid minerals, foreign exchange earing, improved agricultural output and quality.

Week 8: Constraints to commodity trading, inadequate supply, poor storage, bad weather, middlemen, ethical issues, inadequate knowledge of the workings on commodity exchange. Differentiate between commodities and stock items traded intangible, tangible etc. method of pricing.

Week 9: Buying and selling (Documents) procedures of buying and selling, essential documents:- letter of enquiry, invoice, credit note, debit notes, receipts, quotation, catalogue, etc.

Week 10: Terms of Trade:

• Trade discount, cash discount, quality discount, carriage forward prompt delivery, carriage paid etc. Trade abbreviations: C.O.D, C.I.F, F.O.B, F.O.T, and E and O.E.

Week 11: Revision

Week 12: Examination

WEEK                                                TOPIC

1. Revision/Public Enterprises.
2. Meaning, formation and management of public enterprises.
3. Sources of capital, reasons for govt. ownership of public enterprises, Advantages and disadvantages.
4. Limited Companies.
5. Meaning, Types, Private, Public
6. Formation legal requirement (a) memorandum of association (b) article of association.
7. Limited Companies (cont’d)
8. Source of Capital
9. Shares (b) Stocks (c) Debentures (d) Retained Profits (e) Loan and Over-draft (f) Trade Credit (g) Leasing, factoring. Advantages and disadvantages.
10. Cooperative societies – Definition, history, characteristics, Types of cooperative societies, advent
11. ages and disadvantages, problems of cooperative societies, similarities and differences between cooperative society and company.
12. Commodity Exchange
13. Meaning, Tradable, types: Agricultural produce, solid minerals, oil and gas, etc.
14. Requirement for trading: trading system, ware housing, clearing system, standardizing methods

Agricultural production, Agricultural product.

• Benefits of commodity exchange, encourage exploration of solid minerals, foreign exchange earing, improved agricultural output and quality.
• Constraints to commodity trading, inadequate supply, poor storage, bad weather, middlemen, ethical issues, inadequate knowledge of the workings on commodity exchange. Differentiate between commodities and stock items traded intangible, tangible etc. method of pricing.

• Buying and selling (Documents) procedures of buying and selling, essential documents:- letter of enquiry, invoice, credit note, debit notes, receipts, quotation, catalogue, etc.
• Terms of Trade:
• Trade discount, cash discount, quality discount, carriage forward prompt delivery, carriage paid etc. Trade abbreviations: C.O.D, C.I.F, F.O.B, F.O.T, and E and O.E.
• Terms of Trade cont’d.
• Exams.
• Exams.