THE CASH BOOK

Types of cash books. Single- column cash book.
The two- column cash book.

By the end of the lesson, the learner should be able to:
List types of cashbooks.
Identify features of a single-column cash book.
Post entries in a single-column cash book.
Balance off the two- column cash book.

Worked examples.
Written assignment.
Supervised exercise.

Single-column cash book.
Two-column cash book.

New Inventor KLB BOOK III Pg 151-2

THE CASH BOOK

Ledger accounts from three-column cash book.
The three-column cash book.

By the end of the lesson, the learner should be able to:
Post transactions from three-column cash book to ledger accounts.
Record transactions in a three-column cash book.
Balance off the three- column cash book.

Probing questions;
Illustrated examples;
Guided discussion.
Worked examples illustrating transactions in a 3- column cash book.
Supervised practice.
Written exercise.

3-column cash book, the ledger.
3-column cash book.

New Inventor KLB BOOK III Pg 160-2

FINANCIAL STATEMENTS

Introduction. Trading Period.

By the end of the lesson, the learner should be able to:


Give examples of financial statements.
Explain the concept of a trading period of a business.

Brainstorming, Q/A & Explanations.

text book

New Inventor K.L.B. BK IV. Pg. 54

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.
Types of Capital.

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

Q/A to review a trial balance;
Worked examples.
Probing questions;
Teacher?s explanations.

text book

New Inventor K.L.B. BK IV. Pg. 67-68

FINANCIAL STATEMENTS

Types of capital in a balance sheet.
Basic financial ratios: - Mark-up.

By the end of the lesson, the learner should be able to:
Illustrate types of capital with balance sheet.
Define the term mark-up.
Explain why mark up is important in a business.
Determine business mark up.

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

text book
chart,text book

New Inventor K.L.B. BK IV. Pg. 69-70

FINANCIAL STATEMENTS

- Margin.

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

Exposition of new concept;
Worked examples;
Written exercise.

text book

New Inventor K.L.B. BK IV. Pg. 71-72

FINANCIAL STATEMENTS

Using mark-up or margin to prepare a trading account.
Current ratio or Working capital ratio.

By the end of the lesson, the learner should be able to:
Work out the mark-up given the margin and vice-versa.
Define the term current ratio or working capital ratio.
Explain importance of current ratio.
Calculate current ratio given various balances.

Guided discovery on the relationship.
Illustrative examples.
Exposition & Worked examples;
Discussion.

text book
text book,chart

New Inventor K.L.B. BK IV. Pg.72-74

FINANCIAL STATEMENTS

Rate of stock turnover.

By the end of the lesson, the learner should be able to:
Define the terms turn over and rate of stock turn over.
Calculate the rate of stock turn over.

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

chart

New Inventor K.L.B. BK IV. Pg. 76-78

FINANCIAL STATEMENTS

Stock turn-over and trading account.
Return on Capital.

By the end of the lesson, the learner should be able to:
Prepare the trading account given the rate of stock turn-over.
Define the term return on capital.
Calculate return on capital.
Explain implications of return on capital on a business.

Illustrative examples & supervised practice.
Brief discussion;
simple problem solving;
Assignment.

text book
chart, text book

New Inventor K.L.B. BK IV. Pg. 78

FINANCIAL STATEMENTS

Acid test or quick ratio.

By the end of the lesson, the learner should be able to:
Determine the quick ratio given current assets, stock and current liabilities.

Exposition of new concepts;
Simple calculations.

Business Magazines.

New Inventor K.L.B. BK IV. Pg. 79-80