SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Source documents Introduction. Cash receipt.
Invoice.

By the end of the lesson, the learner should be able to:
Define a source document.
Give examples of source documents.
Describe features of a cash / cheque receipt.
Outline details of an invoice.

Exposition of new terms;
Brain storming;
Brief discussion.
Examine an invoice.
Probing questions on details of an invoice;
Discussion.

Cash receipts
Invoices.

New
Inventor
K.L.B.
BK IV.
Pg 1-2

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Debit note and credit note.
Payment voucher & petty cash voucher.

By the end of the lesson, the learner should be able to:
Define a debit note and a credit note.
Explain purposes of credit notes and credit note.
Identify entry features of a payment voucher & petty cash voucher.

Examine a debit note and a credit note.
Brief discussion on features of the notes.
Examine a payment voucher & petty cash voucher.
Discussion.

Debit note and credit note.
Payment voucher & petty cash voucher.

New Inventor K.L.B. BK IV. Pg. 5-6

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Books of original entry. Sales journal.
Posting from sales journal to sales ledger and general ledger.

By the end of the lesson, the learner should be able to:
Highlight features of a sales journal.
Prepare a sales journal given credit sales.
Transfer entries from a sales journal to a sales ledger and general ledger.

Brief discussion;
Illustrated example.
Discussion on illustrated examples.

Sales journal.
Sales ledger.

New Inventor K.L.B. BK IV. Pg. 8-10

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Sales returns journal.
Posting entries to the general ledger and sales ledger.

By the end of the lesson, the learner should be able to:
Explain purpose of a sales returns journal.
Prepare a sales return journal.
Post entries from sales return journal to the general ledger and the sales ledger.

Examine a sales return journal.
Discussion on its features Illustrated example: preparing a sales journal given a number of transactions.
Illustrated example;
Supervised practice.
Written exercise.

Sales returns journal sample page.
Sales return journal sample page.

New Inventor K.L.B. BK IV. Pg. 13-14

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Purchases journal.
Purchases return journal.

By the end of the lesson, the learner should be able to:
Prepare a purchases journal given some transactions.
Post entries from the journal to the purchases return ledger.

Exposition of new concepts;
Illustrated example on preparing a purchases journal given a number of transactions.
Supervised practice.

Purchases journal sample page.
Purchases return journal sample page.

New Inventor K.L.B. BK IV. Pg. 15-17

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Cash receipt journal.
Cash payment journal.

By the end of the lesson, the learner should be able to:
Identify features of a cash receipt journal.
Post entries from the journal to the general ledger, cash book and debtors ledger.
Prepare a cash payment journal.
Post cash payment journal entries to ledger accounts correctly.

Illustrated example on preparing a purchases journal given a number of transactions.
Supervised practice.
Exposition of new concepts;
Illustrated example;
Written exercise.

Cash receipt journal.
Illustrated cash payment ledger.

New Inventor K.L.B. BK IV. Pg. 20-21

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

The petty cash book with imprest system.
Analysis cash book.

By the end of the lesson, the learner should be able to:
Make entries in a petty cash book.
Post entries from the book to ledger accounts.
Record transactions in an analysis cash book.

Illustrated examples;
Group assignments.
Exposition of new concepts;
Worked examples;
Discussion;
Written exercise.

Illustrated petty cash book.
Cash analysis sample page.

New Inventor K.L.B. BK IV. Pg.26-30

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

General journal.
Transactions passed through the general journal.

By the end of the lesson, the learner should be able to:
Record transactions in a general journal.
Identify transactions that are passed through the general journal.

Worked examples;
Supervised practice.
Exposition of new concepts;
Detailed discussion.

General journal sample page.
text book

New Inventor K.L.B. BK IV. 36-37

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY
FINANCIAL STATEMENTS

Importance of journals.
Introduction. Trading Period.

By the end of the lesson, the learner should be able to:
State reasons for maintaining journals.
Give examples of financial statements.
Explain the concept of a trading period of a business.

Probing questions;
Brief discussion;
Topic review & summary;
Review of written exercises.
Brainstorming, Q/A & Explanations.

text book

New Inventor K.L.B. BK IV. Pg. 41-53

FINANCIAL STATEMENTS

Gross Profit or Loss.

By the end of the lesson, the learner should be able to:
Determine the gross profit or loss of a business.

Go through worked examples using various approaches.
Supervised practice;
Group assignments.

charts

New Inventor K.L.B. BK IV. Pg. 55-57

FINANCIAL STATEMENTS

The Trading Account.

By the end of the lesson, the learner should be able to:
Define the term trading account.

Illustrate trading accounts with worked examples.

Q/A to review the process of obtaining gross profit or loss.
Worked examples.
Supervised practice.
Assignment.

text book

New Inventor K.L.B. BK IV. Pg. 57-60

FINANCIAL STATEMENTS

Net Profit or Loss.

By the end of the lesson, the learner should be able to:
Define the terms net profit net loss.
Determine net profit or loss.

Brief discussion on distinction between gross and net profit / loss;
Worked examples;
Supervised practice;
Written exercise.

chart

New Inventor K.L.B. BK IV. Pg. 60-62

FINANCIAL STATEMENTS

Profit or loss account.

By the end of the lesson, the learner should be able to:
Prepare profit or loss accounts.

Detailed discussion;
Worked examples;
Supervised practice;
Written exercise.

text book

New Inventor K.L.B. BK IV. Pg. 62-67

FINANCIAL STATEMENTS

Profit and loss account from a trial balance.

By the end of the lesson, the learner should be able to:
Prepare profit or loss accounts from a trial balance.

Supervised practice;
Written exercise.

magazines,charts

New Inventor K.L.B. BK IV.  pg 62-67

FINANCIAL STATEMENTS

The Balance Sheet.

By the end of the lesson, the learner should be able to:
Prepare a balance sheet after making adjustments on capital for specific items.

Exposition of adjustments made on capital for net profit, drawings and additional capital.
Worked examples and Exercises.

charts

New Inventor K.L.B. BK IV. Pg. 67-68

FINANCIAL STATEMENTS

The Balance Sheet from a trial balance.

By the end of the lesson, the learner should be able to:
Prepare a balance sheet from a trial balance.

Q/A to review a trial balance;
Worked examples.

text book

New Inventor K.L.B. BK IV. Pg. 67-68

FINANCIAL STATEMENTS

Types of Capital.
Types of capital in a balance sheet.

By the end of the lesson, the learner should be able to:
Outline types of capital.
Illustrate types of capital with balance sheet.

Probing questions;
Teacher?s explanations.
Illustrative examples.
Written exercise.

text book

New Inventor K.L.B. BK IV. Pg. 68

FINANCIAL STATEMENTS

Basic financial ratios: - Mark-up.
- Margin.

By the end of the lesson, the learner should be able to:
Define the term mark-up.
Explain why mark up is important in a business.
Determine business mark up.
Define the term margin.
Explain why margin is important in a business.
Determine business margin.

Q/A: definition of a ratio.
Teacher exposes and explains the new concepts then leads in an example.
Exposition of new concept;
Worked examples;
Written exercise.

chart,text book
text book

New Inventor K.L.B. BK IV. Pg. 70-71

FINANCIAL STATEMENTS

Using mark-up or margin to prepare a trading account.

By the end of the lesson, the learner should be able to:
Work out the mark-up given the margin and vice-versa.

Guided discovery on the relationship.
Illustrative examples.

text book

New Inventor K.L.B. BK IV. Pg.72-74

FINANCIAL STATEMENTS

Current ratio or Working capital ratio.
Rate of stock turnover.

By the end of the lesson, the learner should be able to:
Define the term current ratio or working capital ratio.
Explain importance of current ratio.
Calculate current ratio given various balances.
Define the terms turn over and rate of stock turn over.
Calculate the rate of stock turn over.

Exposition & Worked examples;
Discussion.
Exposition, Worked examples & numericals
Discussion: implications of rate of stock turnover on a business.

text book,chart
chart

New Inventor K.L.B. BK IV. Pg. 75-76

FINANCIAL STATEMENTS

Stock turn-over and trading account.

By the end of the lesson, the learner should be able to:
Prepare the trading account given the rate of stock turn-over.

Illustrative examples & supervised practice.

text book

New Inventor K.L.B. BK IV. Pg. 78

FINANCIAL STATEMENTS

Return on Capital.

By the end of the lesson, the learner should be able to:
Define the term return on capital.
Calculate return on capital.
Explain implications of return on capital on a business.

Brief discussion;
simple problem solving;
Assignment.

chart, text book

New Inventor K.L.B. BK IV. Pg. 79

FINANCIAL STATEMENTS
INTERNATIONAL TRADE

Acid test or quick ratio.
Types of International Trade. Advantages and disadvantages of International Trade.

By the end of the lesson, the learner should be able to:
Determine the quick ratio given current assets, stock and current liabilities.
Distinguish bilateral trade from multilateral trade.
State advantages and disadvantages of International Trade.

Exposition of new concepts;
Simple calculations.
Brainstorming and guided discussion.
Q/A & guided discussion

Business Magazines.
Newspaper cuttings & relevant magazines.

New Inventor K.L.B. BK IV. Pg. 79-80

INTERNATIONAL TRADE

Terms of International Trade.
Terms of trade among different countries.

By the end of the lesson, the learner should be able to:
Explain the concept terms of International Trade.
Distinguish favourable trade from unfavourable terms of trade.
Account for differences in terms of terms of trade among nations.

Probing questions, brief discussion.
Probing questions and guided discussion.

text book
newspaper

Pg. 164-6

INTERNATIONAL TRADE

Balance of Payments. (Current A/C)

By the end of the lesson, the learner should be able to:
Define the term balance of payments.
Analyse components of balance of payments.
(Current A/C).

Exposition of new concepts and detailed discussion.

text book

Pg. Pg. 168-9

INTERNATIONAL TRADE

Balance of Payments. (Capital A/C)
Overall Balance of Payments.

By the end of the lesson, the learner should be able to:
Cite examples of transactions that affect the Capital A/C.
Determine the overall balance of payments.

Q/A: review types of capital.
Exposition of new concepts and detailed discussion.
Q/A: review current A/C and capital A/C.
Illustrative examples.
Assignment.

newspaper

Pg. 169-170

INTERNATIONAL TRADE

The Official Settlement A/C.
Disequilibrium of Balance of payments. Correction of balance of payment disequilibrium.

By the end of the lesson, the learner should be able to:
Define the Official Settlement A/C.
Identify causes of Disequilibrium of Balance of payments.
Outline methods of correcting of balance of payment disequilibrium.

Guided brief discussion.
Exposition of new concepts & explanations;
Discussion.

text book

Pg. 171

INTERNATIONAL TRADE

Terms of sale in international trade.

By the end of the lesson, the learner should be able to:
Identify common terms of sale in international trade.

Exposition & explanations;
Probing questions;
Discussion.

text book

Pg. 175

INTERNATIONAL TRADE

Documents used in international trade.

By the end of the lesson, the learner should be able to:
Identify major documents used in international trade.

Give examples of relevant documents.
Give examples of relevant documents.

text book

Pg. 176-7

INTERNATIONAL TRADE
ECONOMIC INTEGRATION

IMF, ADF and World bank.
Forms & importance of economic integration.

By the end of the lesson, the learner should be able to:
State objectives of IMF, ADF and World bank..
Trace a background to the growth of specific
development funds.
Define economic integration.
Identify forms of economic integration.
Outline forms of economic integration.
Analyze importance of economic integration.
Enumerate advantages and disadvantages of free trade.

Brain storming;
Discussion.
Q/A review relevant terms.
Probing questions
& guided discussion.

Newspaper cuttings & relevant magazines.
newspaper

Pg. 179-180

ECONOMIC INTEGRATION

Trade restrictions.

By the end of the lesson, the learner should be able to:
Cite reasons for trade restrictions.
Outline methods of trade restriction.

Q/A & guided discovery.

newspaper

Pg. 185-7

ECONOMIC INTEGRATION

Methods of trade restrictions.
Advantages and disadvantages of trade restrictions.

By the end of the lesson, the learner should be able to:
Highlight some methods used to control trade restrictions.
State advantages and disadvantages of trade restrictions.

Q/A & exposition.
Exposition of new concepts.

text book

Pg 186-7

ECONOMIC INTEGRATION

Trends in international trade.

By the end of the lesson, the learner should be able to:
Analyse some current trends in international trade.

Probing questions and brief discussion on EPZ, liberalization e-trade &website.

text book

Pg 188-9

ECONOMIC DEVP AND PLANNING

Growth and development.
Underdevelopment.

By the end of the lesson, the learner should be able to:
Define economic growth of a country.
Identify structural changes that may accompany economic development.
Identify characteristics of under - development

Guided discussion & oral questions.
Brainstorming, questioning & discussion.

newspaper
text book

Pg 195-6

ECONOMIC DEVP AND PLANNING

Factors for underdevelopment.
Development planning.

By the end of the lesson, the learner should be able to:
Highlight some factors that impede development.
Site some objectives of planning.
Give reasons why development planning is necessary.

Q/A guided discussion.
Probing questions /guided discussion.

text book

Pg. 200-2

ECONOMIC DEVP AND PLANNING

Problems encountered in development planning.

By the end of the lesson, the learner should be able to:
State problems encountered in development planning.

Probing questions /guided discussion.
Quiz.

text book

Pg. 204-6