WATERLOO SECONDARY SCHOOL
DEPARTMENT OF BUSINESS AND TECHNOLOGY EDUCATION
SCHEME OF WORK
Academic Year: 2021/2022 TERM: II CLASS/FORM: 5 SUBJECT: Principles of Accounts
Teacher: Ms. P. Jaggan-Martin
Proposed Unit Topic/Lesson Topic Specific Objectives – Students will Teaching/ Resources Evaluation/ Comment
Cycle/ be able to: Learning Activities Assessment
Period (s)
2022
03/01- Revision – Review of 1. Recognize the importance of Explaining Lesson notes Formative &
07/01 Previous Terms’ Work reviewing Previous Terms’ Questioning Word document Summative
Work Guiding templates
2. Reorient himself/herself Analyzing Discussion
with subject matter that was Making corrections Reference
taught during the previous textbooks
terms
10/01- SECTION 7: CONTROL 1. Distinguish between those Explaining Lesson notes Formative &
14/01 & SYSTEMS errors which affect and those Questioning Word document Summative
17/01- Suspense Account. which do not affect the trial Guiding templates
21/01 Types of errors. balance. Analyzing Discussion
Corrections of errors via 2. Prepare journal entries for the Making corrections Reference
journal entries. correction of errors. Demonstrating textbooks
Uses of the suspense 3. Explain the need for a Problem solving
account. suspense account.
4. Construct a suspense account.
24/01- SECTION 6: ACCOUNTING 1. Distinguish between capital Explaining Lesson notes Formative &
28/01 ADJUSTMENTS expenditure and revenue Questioning Word document Summative
expenditures. Guiding templates
Capital expenditure; 2. Explain accounting concepts Analyzing Discussion
revenue expenditure. that underpin the need for Making corrections Reference
Prudence, accrual, adjustments. Demonstrating textbooks
consistency. 3. Explain why adjustments are Problem solving
The reasons for made to financial statements.
adjustments; application of
the matching/accruals
concept.
31/01- SECTION 6: ACCOUNTING 1. Prepare journal entries and Explaining Lesson notes Formative &
04/02 ADJUSTMENTS ledger accounts to reflect Questioning Word document Summative
Prepayments – prepaid adjustments and the Guiding templates
expenses and advances treatment in the balance Analyzing Discussion
revenues; Accruals – sheet. Making corrections Reference
accrued expenses and 2. Determine the amount of Demonstrating textbooks
revenues. expenses or revenues to be Problem solving
(a) Journal entries transferred to the Income
(b) Ledger accounts Statement.
Journal entries and Ledger
accounts for expenses and
revenues.
(a) Prepayments and
accruals.
(b) Indicate where
accruals and
prepayments will
appear on the
Balance Sheet.
07/02- SECTION 6: ACCOUNTING 1. Explain the reason for bad Explaining Lesson notes Formative &
11/02 ADJUSTMENTS debts. Questioning Word document Summative
Definition of bad and 2. Prepare journal entries and Guiding templates
doubtful debts. ledger accounts to write off Analyzing Discussion
Reasons for bad debts bad debts and create provision Making corrections Reference
(aging debtors) and for doubtful debts. Demonstrating textbooks
provision for doubtful 3. Indicate the treatment of bad Problem solving
debts. and doubtful debts in the
Journal entries and ledger Income Statement and Balance
accounts to write off bad Sheet.
debts.
Accounting entries in the
Income Statement and
Balance Sheet.
14/02 – SECTION 6: ACCOUNTING 1. Discuss the nature of Explaining Lesson notes Formative &
18/02 ADJUSTMENTS depreciation. Questioning Word document Summative
Definition of depreciation. 2. Calculate annual depreciation Guiding templates
Causes of depreciation. expenses using the straight Analyzing Discussion
Factors to be considered line and reducing balance Making corrections Reference
when calculating method. Demonstrating textbooks
depreciation (cost, 3. Prepare journal entries and Problem solving
estimated useful life and ledger accounts for provision
scrap value). for depreciation.
Straight line method (using
formula) and reducing
balance method of
depreciation.
Journal entries for the
provision for depreciation;
the maintenance of the
provision for depreciation
account; the treatment of
accumulated depreciation
on the Balance Sheet; the
determination of Net Book
Value (NBV).
21/02- SECTION 6: ACCOUNTING Explaining Lesson notes Formative &
25/02 ADJUSTMENTS 1. Prepare Income Questioning Word document Summative
(a)The preparation of statements to reflecting Guiding templates
adjusted Financial adjusting entries. Analyzing Discussion
Statements. 2. Prepare Financial Making corrections Reference
Statements after Demonstrating textbooks
adjustments. Problem solving
28/02- SECTION 10: 1. Distinguish between direct and Explaining Lesson notes Formative &
04/03 MANUFACTURING AND indirect costs. Questioning Word document Summative
INVENTORY CONTROL 2. Prepare manufacturing Guiding templates
Elements of cost: direct accounts. Analyzing Discussion
materials, direct labour 3. Calculate the unit cost of items Making corrections Reference
and factory overheads. produced. Demonstrating textbooks
Preparation of Problem solving
manufacturing account
showing:
a. Cost of raw
material consumed
b. Prime cost
c. Factory overheads
d. Work in progress
e. Cost of production
Calculation of unit cost of
items produced.
07/03- SECTION 10: 1. Prepare manufacturing Explaining Lesson notes Formative &
11/03 MANUFACTURING AND accounts for a manufacturing Questioning Word document Summative
INVENTORY CONTROL concern. Guiding templates
Preparation of Trading, 2. Apply basic costing principles. Analyzing Discussion
Profit and Loss Account Making corrections Reference
and Balance Sheet of a Demonstrating textbooks
manufacturer. Problem solving
Basic costing principles, for
example, cost-plus pricing,
absorption costing, mark-
up pricing.
14/03- SECTION 10: 1. List methods of inventory Explaining Lesson notes Formative &
18/03 MANUFACTURING AND valuation. Questioning Word document Summative
INVENTORY CONTROL 2. Calculate the value of closing Guiding templates
Methods of inventory inventory using either FIFO, Analyzing Discussion
valuation: LIFO or AVCO. Making corrections Reference
a. First in, First out Demonstrating textbooks
(FIFO) Problem solving
b. Last in, First out
(LIFO)
c. Average cist
(AVCO)
Calculate the value of
closing inventory using the
above methods.
Assess the effect of
different methods of
inventory valuation on
profit.
21/03- Revision in preparation 1. Understand the Presentation Whiteboard Oral questions
25/03 for End of Term concepts/content taught Explaining Lesson notes Worksheet
Examinations previously and during this Questioning
term. Analyzing
2. Analyze questions and Giving examples
respond to questions using
concepts/content previously
taught.
28/03- End of Term 1. Apply concepts/content Giving instructions to Printed Scripts Online
01/04 Examinations taught to respond to students for completion of Papers I and II Submission
questions on the End of Term Examination Written
examination paper. Papers Submission
Expected Coursework Assessments:
Structured questions and multiple-choice items on the following topics:
1. Correction of errors and Suspense Accounts
2. Accounting Adjustments – Prepayments, Accruals; preparation of Income Statements and Financial Statements to reflect adjustments.
3. Depreciation; Bad Debts
4. Capital expenditure and revenue expenditure.
5. Manufacturing accounts and inventory control
Expected End of Term Examination (s):
Paper I Duration: 90 mins
Paper II Duration: 3 hrs.
Final Evaluation:
Coursework Mark (100%) - 25% weighting Number of Students In class: 33
End of Term Examination Mark (100%) - 75% weighting
TOTAL -100%
Respectfully submitted: ………Pratibha Jaggan-Martin……………… Dated: 18 January 2022.
Teacher’s Signature
Received by: …………………………………………………………………… Dated:
HOD’s Signature
Reviewed by: …………………………………………………………………… Dated:
Principal/Vice Principal’s Signature
