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Unit 1 Introduction to Book Keeping
Glossary : Book keeping, Accounting, Transaction, Accounting period, Assets, Liabilities, Revenues, Expenses,Owners Equity, proprietorship, Partnerships, Limited Companies, Going Concern, Monetary Concept,Consistency Concept, Objectivity Concept, Historical Cost, Accounting Period, Conservatism Concept,
Accounting Entity Concept, Accrual Concept, Dual Concept, Accounting Information System, Ledger
TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)1
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4WEEK
S
Students should be able to:
state the purpose ofbook-keeping andaccounting.
explain the difference
between book-keepingand accounting.
explain what atransaction is.
describe the 3 typesof business.
describe theaccounting process.
use Ledger rules foraccounts to recordtransactions.
explain the purposeof the accountingperiod.
accounting principles
accountingInformation System.
accounting Equationeffect of transaction.
Role of Accounting
Difference betweenbook-keeping andaccounting
Nature of businesstransactions
Purpose of book-keeping and accounting
Purpose ofaccounting period
The accountingprocess
Ledger Rules; Assets,Liabilities, Revenues,Expenses and OwnersEquity.
Fundamental
Concepts and accounting. AccountingInformation System
Advantages of AIS.
Disadvantages ofAIS.
Purpose of AISCompare and contrastthe differences ofaccounting cycle oraccounting process in the
computerized andmanual system.
Which type ofbusiness would be themost common? Why?
Analyse the reasonswhy specific types ofbusinesses choose
particular businessform.
Compare andcontrast theadvantages anddisadvantages of eachtype of business unit.
Discuss the role ofaccounting informationin making financialdecisions.
Go to the nearestmini-mart and list allassets that can be andmeasured in terms ofmoney.
Provide case studywhere students areable to:
State the date of theBalance Sheet.
Total Assets, Total
liabilities and ownersequity.
The type of liability inthe business.
Whats makeup theowners equity of the
www.acra.gov.sg/general/directory.html
(for actual examplesrepresenting eachtype of businessunit)
http://www.jnj.com
http://info.sgx.com/webcorpinfo.inf
( Gives the latestinformation ofannual reports of
Johnson and JohnsonCorporation)
http://www.swcollege.com/vircomm/gita/gitall.html
(learn more aboutthe expandedaccounting equation)
http://www.accpac.com
(To know thedifferent kinds ofbusinessmanagementsoftware e.g.QuickBooks
accounting software,UBS etc )
http://www.solomom.com
(e-business softwarefor small to medium
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)2
http://www.acra.gov.sg/general/directory.htmlhttp://www.acra.gov.sg/general/directory.htmlhttp://www.jnj.com/http://info.sgx.com/webcorpinfo.infhttp://info.sgx.com/webcorpinfo.infhttp://www.swcollege.com/vircomm/gita/gitall.htmlhttp://www.swcollege.com/vircomm/gita/gitall.htmlhttp://www.swcollege.com/vircomm/gita/gitall.htmlhttp://www.accpac.com/http://www.accpac.com/http://www.solomom.com/http://www.solomom.com/http://www.acra.gov.sg/general/directory.htmlhttp://www.acra.gov.sg/general/directory.htmlhttp://www.jnj.com/http://info.sgx.com/webcorpinfo.infhttp://info.sgx.com/webcorpinfo.infhttp://www.swcollege.com/vircomm/gita/gitall.htmlhttp://www.swcollege.com/vircomm/gita/gitall.htmlhttp://www.swcollege.com/vircomm/gita/gitall.htmlhttp://www.accpac.com/http://www.accpac.com/http://www.solomom.com/http://www.solomom.com/8/14/2019 Poa - Fast Track( 2 Years)
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business. sized organisation)
Unit 2 Ledger and Balancing of Accounts
Glossary : Ledger, Purchases (Creditors) Ledger, Sales (Debtors) Ledger, General Ledger, Debit Balance, CreditBalance
TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)3
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4WEEK
S
Students should be ableto :
explain the purposeof the ledger.
explain the reasonsfor maintaining
separate ledgers.analyse transactionsand post relevantdetails to appropriateaccounts in the ledgers.
balance ledgeraccounts.
interpret the detailsand the balances in theaccounts.
record transactions
related to drawings ofstock, cash or otherassets.
The Ledger :
Rules of LedgerEntries.
Types of Accounts.
Balancing / Closing
Accounts.
Teacher draws theledger and explains itsfunctions for each typeof accounts.
Teacher explains therules of entries for each
type of accounts andasks the students orallyand written to provetheir understanding.
Teacher explains theways of balancing andclosing all the accountsin the ledger and provesthe studentsunderstanding andknowledge by solving
the problems ofbalancing accounts onthe board.
http://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htm
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)4
http://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stusxfve.htm8/14/2019 Poa - Fast Track( 2 Years)
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Unit 3 Source Documents and Books of Prime Entry
Glossary : Source Documents, Till Slips, An invoice, Cheque counterfoil, Sales invoice, Vouchers, Purchase invoice,Debit note, Credit note, Cheque, Receipt, Statement of account, Bank statement, Journals, Ledger, General
Journal, General Ledger, Purchases Journal, Sales Ledger/Debtors Ledger, Returns Outwards Journal ,Purchases Ledger/Creditors Ledger, Sales Journal, Returns Inwards Journal, Trade Discount, Cash Discount ,
Petty Cash, The Cash Book.
TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
4 SOURCE DOCUMENTS
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)5
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WEEKS
Students should be ableto:-
explain what are sourcedocuments and theirimportance.
name and state the use
of an invoice, creditnote, debit note,cheque, chequecounterfoil, till slips,vouchers, receipt, bankstatement andstatement of accounts.
determine whichbusiness document is tobe used in a particulartransaction / situation.
Comprehend that theinformation in thesedocuments is used inthe recording of thebusiness transactions.
state the different booksof original entry.
Objectivity concept
Definition of sourcedocuments.
Features of sourcedocuments.
Importance of sourcedocuments.
Types and uses of source documents.(Invoice, Credit note,Debit note, Cheque,Cheques counterfoil, TillSlips, vouchers, Receipt,Bank Statement andStatement of Accounts.
Books of original entryor prime entry.
Ask students to identifysource documents usedin a particular/ giventransactions.
Exercises on matchingtransactions to
documents. Ask the students to list
the source of documents that a soletrader can use for hisbusiness.
Introduce students tothe actual examples ofused source documentstaken from differentbusinesses. Ask
students to name thedocuments and theirpurposes.
Role Play of a simplecash transaction and thesubsequent settlementof debt.
A project for students tocreate their ownbusiness documents.
http://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htm
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)6
http://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htmhttp://www.bized.ac.uk/learn/business/accounting/busaccounts/pizza/stuone.htm8/14/2019 Poa - Fast Track( 2 Years)
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TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
JOURNAL
Student should be able to:
define and explain thepurpose of the journal.
list the advantages anduses of the General
Journal.
differentiate betweenthe General Journal andthe specialized journals
record transactions inthe following journals:-Cash Book, Sales
Journal, PurchasesJournal, Returns InwardsJournal, ReturnsOutwards Journal andGeneral Journal and postthem to ledgers.
enter those transactionsthat cannot be recordedin any special journal inthe General Journal andpost it to ledger.
write relevantexplanatory narrationsfor each entry.
identify the source ofdocuments for writingup the journals.
Definition of journals.
Role of journal in theaccounting process.
Recording transactionsfrom source documentsinto the journals.
The General Journal.
Advantages of using theGeneral Journal.
Uses of the GeneralJournal.
Recording into the
General Journal.Trade and cash
discount.
Purchases Journal.
Returns OutwardsJournal.
Sales Journal.
Returns InwardsJournal.
Recording transactionsinto Purchases Journal
and Returns OutwardsJournal.
Recording transactionsinto Sales Journal andReturns Inwards Journal.
The Cash Book and
Recording the
information in thesource documents intodifferent types of
journals.
Post the transactions inthe General Journal andthe Special Journal tothe appropriateaccounts in the ledgers.
List the similarities anddifferences between
special journals andgeneral journal.
Calculate the tradediscount and cashdiscount by givingnumerical example.
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)7
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distinguish between atrade discount and cashdiscount.
calculate and record thetrade discount into therelevant journal.
Petty Cash.
Posting.
Ledger.
Posting from theGeneral Journal
Posting from the
Purchases Journal.
TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)8
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differentiate between aGeneral Ledger, aPurchases Ledger andSales Ledger.
post entries from thejournals to the
appropriate ledgers.
Posting from theReturns Outwards
Journal.
Posting from the SalesJournalPosting from the Returns
Inwards Journal.
Unit 4 Cash Book and Petty Cash Book
Glossary : Balance, Bank overdraft, Two column cash book, Three column cash book, Cash discount, Contraentries, Trade discount, Discount allowed, Discount received, Float, Imprest system, Petty cash book,Petty cash, Petty expenses, Petty cash voucher, receipts, Reimbursement.
TIMEFRAM
E
SPECIFIC OBJECTIVES LESSON CONTENTSSUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
1WEEK
CASH BOOK
Student should be able to:
explain Cash Book asa journal and a ledger.
list and explain thepurpose of Cash Book.
distinguish between,and account for, tradediscount and cashdiscount; discount
allowed and discountreceived.
explain contratransactions.
state and follow theprocedure of preparing
Dual functions ofCash Book.
Purposes of CashBook.
Two column cash book.
Difference betweentrade discounts andcash discounts.
Difference betweendiscount allowed anddiscount received.
Three column cash book.
Contra-entrytransactions
Processing of
Discuss and makeclear about: dualfunctions of a cashbook; purposes of acash book; differencebetween cash andtrade discounts;difference betweendiscount allowed and
discount received;contra entrytransactions
Record transactionsin a two column andthree column cash
http://www.bhl.co.nz/easybooks/(Usefulness of CashBook)
Microsoft OfficeProgram, then clickon MicrosoftMoney (Recording
of monthly receiptsand payments)
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)9
http://www.bhl.co.nz/easybooks/http://www.bhl.co.nz/easybooks/http://www.bhl.co.nz/easybooks/http://www.bhl.co.nz/easybooks/8/14/2019 Poa - Fast Track( 2 Years)
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a Cash Book.
draw up a Cash Bookfollowing proper rulesand format.
transactions in theCash Book.
book .
TIMEFRAM
E
SPECIFIC OBJECTIVES LESSON CONTENTSSUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
1WEEK
PETTY CASH BOOK
determine and explainthe use of a Petty CashBook.
discuss and explain theImprest System.
to state and follow theprocedure of preparingthe Petty Cash Book.
to prepare a ColumnarPetty Cash Bookfollowing proper rulesand format.
Purpose of the PettyCash Book.
Features andAdvantages of theImprest System.
Recording ofTransactions in theColumnar Petty Cash
Book with AnalysisColumns for Expenses
Explain about the useof petty cash book andImprest system.
Record transactions inthe petty cash book.
Give guided exercisesand reinforcementexercises.
www.msn.com.sg(tips on how tohandle petty cash)
Unit 5 Trial Balance, Trading, Profit and Loss Account and Balance Sheet
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)10
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Glossary :Trial Balance, Gross Profit, Gross Loss, Net Profit, Net Loss, Cost of Goods Available for Sale, Cost ofGoods Sold (Cost of Sales), Additional cost of purchases, Net purchases, Net Sales, Operating Expenses,Other Revenue, Fixed Assets, Current Assets, Owners Equity (Proprietorship), Long Term Liabilities,Current Liabilities.
TIME
FRAME
SPECIFIC OBJECTIVES LESSON CONTENTS SUGGESTED TEACHINGLEARNING ACTIVITIES SUGGESTEDON-LINE
3WEEK
S
TRIAL BALANCE
Students should be able to:
determine the closingbalance of an account
list accounts which aredebit and credit innature.
state the purpose of
preparing a TrialBalance
explain the limitations ofthe Trial Balance
Determining thebalance of an account
Balancing Assets andLiabilities Accounts
Trial Balance
Purpose of a TrialBalance
Limitations of a Trialbalance
Show how a TrialBalance is preparedat the end of a
Trading period byusing a simpleexample using simpletransactions.
www.Accounting10.tripod.com
www.Bized.ac.uk
TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
recognize that it is astatement of ledger
balances at a particulardate
identify and explainthose errors which donot affect the TrialBalance
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)11
http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.bized.ac.uk/http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.bized.ac.uk/8/14/2019 Poa - Fast Track( 2 Years)
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TRADING, PROFIT AND LOSS ACCOUNT
Students should be able to:
calculate gross profit.
calculate net profit.
draw up a Trading andProfit and Loss Account.
identify the additionalcost on purchases.
determine the cost ofgoods sold.
transfer net profit/lossto the capital account.
close the DrawingsAccount.
explain how the closingstock is valued.
Gross profit.
Closing Nominalaccounts.
Preparation of TradingAccount.
Closing stock, Openingstock.
Additional cost onpurchases.
Net profit.
Preparation of Profit andLoss Account.
Closing of NominalAccounts affecting netprofit.
Closing of DrawingsAccount.
Balancing the CapitalAccount.
Net loss.Transfer of AccountBalances to FinalAccounts and CapitalAccount.
Revise the closing ofnominal accounts.
Show the T-formatTrading and Profit andLoss Account on theboard.
www.Askltd.com
www.Staffs.ac.uk
www.Bized.ac.uk
BALANCE SHEET
Students should be able to:
classify assets into Fixedand Current Assets.
classify liabilities intoLong Term and CurrentLiabilities.
Balance Sheet.
Assets and Liabilities.
Owners Equity.
Preparation of theBalance Sheet.
WWW.Askltd.com
WWW.Staffs.ac.uk
WWW.Bized.ac.uk
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)12
http://www.askltd.com/http://www.staffs.ac.uk/http://www.bized.ac.uk/http://www.askltd.com/http://www.staffs.ac.uk/http://www.bized.ac.uk/http://www.askltd.com/http://www.staffs.ac.uk/http://www.bized.ac.uk/http://www.askltd.com/http://www.staffs.ac.uk/http://www.bized.ac.uk/8/14/2019 Poa - Fast Track( 2 Years)
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TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
prepare a Balance Sheetfrom a Trial Balance.
Book-keeping procedureup to the Balance Sheet.
Analysis of the BalanceSheet.
Balance Sheet Equation.
Unit 6 Payroll Accounting
Glossary : Wages, Salaries, Time Card/Job Card, Piece Rate, Overtime, Commission, Income Tax, NationalInsurance, Health Surcharge, Private deductions, Payroll Register, Gross Salary, Net Salary, Payslip.
TIMEFRAM
E
SPECIFIC OBJECTIVES LESSON CONTENTSSUGGESTED TEACHING
LEARNING ACTIVITIES
SUGGESTED
ON-LINE
2WEEK
S
Students should be able to:
interpret time cards.
transfer informationfrom time cards to thepayroll.
calculate gross and netearning/pay.
prepare the payrollregister.
explain and calculatepay using the time basisand piecework basis.
explain and calculateovertime.
explain statutory
Methods of payment ofwages.
Interpret time card.
Salary deductions.
Payroll register.
Calculate gross and netearnings.
Collect actual time cardor job card or clock card.
Show the calculation ofwages.
Show the PayrollRegister.
Show how to calculatenet salary.
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
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deductions for IncomeTax, Social Security andNational Insurance.
explain voluntarydeductions for pensioncontribution.
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
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Unit 7 Balance Day Adjustments
Glossary : Accounting basic concepts, accrued, accruals, accrued expenses, accrued revenue, balance dayadjustments, expenses, revenue, prepayments, revenue prepaid, revenue received in advance,unearned revenue.
TIME
FRAME
SPECIFIC OBJECTIVES LESSON CONTENTS SUGGESTED TEACHINGLEARNING ACTIVITIES SUGGESTEDON-LINE
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
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3WEEK
S
Students should be able to:
explain the accountingprinciples behind theadjustments in theaccounts on the balanceday prior to the
preparation of the finalaccounts.
make the ledger entriesfor the following balanceday adjustments:
Accrued Expenses
Accrued Revenue
Prepaid Expenses
Unearned Revenue
determined theexpenses payable or
revenue earned andtransferred to the profitand Loss Account for thecurrent accountingperiod.
determine the accrualsand prepayments in theBalance Sheet at theend of the accountingperiod.
Accounting Principlesand Balance DayAdjustments.
Accrued Expenses.
Accrued Revenue.
Prepaid Expenses.
Unearned Revenue orRevenue received inadvanced.
Explain the accountingperiod concept,matching and accrualconcepts
Explanation withexamples taken from
simple transactionrelating to accrued andprepaid expenses andincome.
Show the simple stepsin recordingtransactions.
Show how to find themissing amount to betransferred to the profitand loss.
Show where and whyaccrued and prepaidexpenses and incomeappears in the BalanceSheet.
WWW.Ventureline.Com/Glossary.asp
C21accounting.com/student/green/gj_student_text_materials_frame.html
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)17
http://www.ventureline.com/Glossary.asphttp://www.ventureline.com/Glossary.asphttp://www.ventureline.com/Glossary.asphttp://www.ventureline.com/Glossary.asp8/14/2019 Poa - Fast Track( 2 Years)
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Unit 8 Depreciation of Fixed Assets
Glossary : Depreciation, Straight Line Method, Reducing Balance Method/ Diminishing Method, Revaluation method,Provision for Depreciation, Disposal, Gain on Disposal, Loss on Disposal
TIMEFRAM
E
SPECIFIC OBJECTIVES LESSON CONTENTSSUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
3WEEK
S
Students should be able to:
explain depreciation.
state and explain thecauses of depreciation.
calculate annualdepreciation.
record depreciation offixed assets in thegeneral ledger.
record provision fordepreciation.
adjust depreciation inProfit and Loss account.
adjust provision fordepreciation in theBalance Sheet.
explain disposal.
calculate Gain or Losson Disposal.
provision fordepreciation amount inthe Disposal a/c.
Causes and Reasons ofDepreciation.
Methods ofDepreciation:-
Straight line
Reducing balance
Revaluation
Recording theDepreciation of Fixed
Assets. Recording Provision forDepreciation a/c, itseffect in the Profit andLoss a/c and BalanceSheet.
Disposal Account.
Fixed Assets a/c.
Gain/ Loss on Disposal =Selling Price-Net BookValue.
Provision fordepreciation on fixedasset disposed.
What is the relevancy ofmatching concept to thedepreciation of fixedassets?
Demonstrate andexplaining the differentmethods.
Recording the doubleentry between Provisionfor Depreciation a/c andits effect in the Profitand Loss A/C andBalance Sheet.
Demonstrate on theboard the disposalaccount and effect onthe Fixed assets a/c.
Show the gain/loss ondisposal in relevantaccounts.
http://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcities
(A software to help carowners estimates theirvehicles value-try out ithas a depreciationcalculator!)
http://www.depreciationsoftware.com/features.html
( to simplifies thetedious fixed asstmanagement process)
http://en.wikipedia.org/wiki/Depreciation
(more into depreciation)
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)18
http://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.depreciationsoftware.com/features.htmlhttp://www.depreciationsoftware.com/features.htmlhttp://www.depreciationsoftware.com/features.htmlhttp://en.wikipedia.org/wiki/Depreciationhttp://en.wikipedia.org/wiki/Depreciationhttp://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.calcbuilder.com/cgi-bin/calcs/AUT2.cgi/aol_gigitalcitieshttp://www.depreciationsoftware.com/features.htmlhttp://www.depreciationsoftware.com/features.htmlhttp://www.depreciationsoftware.com/features.htmlhttp://en.wikipedia.org/wiki/Depreciationhttp://en.wikipedia.org/wiki/Depreciation8/14/2019 Poa - Fast Track( 2 Years)
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Unit 9 Bad Debts and Provision
Glossary : Bad Debts, Credit Sales, Debtors, Bad Debts Written-off, Recovery of Bad Debts, Partial Settlement ofDebtors, Doubtful Debts, Provision for Doubtful Debts.
TIMEFRAME
SPECIFIC OBJECTIVES LESSON CONTENTSSUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
3WEEKS
Students should be able to :
explain the credit sales.
explain the reasons forincurring bad debts.
explain the differencebetween bad debts anddoubtful debts.
explain recovery of baddebts and partialsettlement of debts.
prepare journal andledger for writing-off baddebts, recovery of baddebts and makingprovision for doubtfuldebts.
show the effects of baddebts, recovery of baddebts and provision fordoubtful debts in Profitand Loss Account andBalance Sheet.
Bad Debts :
Bad Debts
Writing-off Bad Debts
Recovery of Bad Debts
Partial Settlement ofDebtors
Difference between BadDebts and DoubtfulDebts
Provision for DoubtfulDebts :
Creation,
Increasing
Decreasing
When Provision forDoubtful Debts and BadDebts Accounts existsimultaneously
Explains the credit sales,existence of debtors andbad debts.
Ask students tointerview sole traders onthe effect of credit salesand bad debts to theirbusinesses.
Explains journal andledger entries for BadDebts written-off,
Recovery of Bad Debtsand Partial Settlement ofDebtors.
Explains the effects ofcreation, increasing anddecreasing of Provisionfor Doubtful Debts inProfit and Loss Accountand Balance Sheet.
http://www.insolvencyhelpline.co.uk
https://secure.mas.gov.sg/msb/msbQuery.Cfm?tableset=i&tablename =115&tno=17
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YEAR 8 (2YR PROGRAMME)20
http://www.insolvencyhelpline.co.uk/http://www.insolvencyhelpline.co.uk/http://www.insolvencyhelpline.co.uk/http://www.insolvencyhelpline.co.uk/8/14/2019 Poa - Fast Track( 2 Years)
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Unit 10 Final Account with Adjustments
Glossary : Refer to Unit 5, 7, 8 and 9.
TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
2WEEK
S
Students should be able to:
Adjust the followingbefore the preparationof final accounts:-
Expenses.
Revenue.
Prepayments.
Revenue prepaid.
Revenue received inadvance.
Unearned revenue.
Depreciation of FixedAssets.
Bad Debts andProvision.
The effects and how itreflect on the FinalAccounts and BalanceSheet.
Expenses.
Revenue.
Prepayments.
Revenue prepaid.
Revenue received inadvance.
Unearned revenue.Depreciation of Fixed
Assets.
Bad Debts andProvision.
Refer to Unit 5, 7, 8 and9.
Refer to Unit 5, 7, 8and 9.
Unit 11 Bank Reconciliation Statement
Glossary : Bank statement, Bank reconciliation, Unpresented cheque, Uncredited cheque, Bank charges, Chequebook, Standing order, Dishonoured cheque, Credit transfer, Bank giro transfer, Interest on fixed deposit,Interest on overdraft, Bank overdraft
TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
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2WEEK
S
Students should be able to:
explain the reasons forthe discrepancybetween Cash Book(Bank Column) and BankStatement balances.
Bank Statement.
Cash Book.
Discrepancies betweenCash Book (BankColumn) and BankStatement.
Displays a sample of aBank Statement andexplains the entries.
http://teachers.cie.org.uk/teacherssupport/pdf/7110s03gp 2.pdf
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
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TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
explain the need forBank Reconciliation.
review transactionsmissing from the CashBook (Bank Column) orthe Bank Statement bylisting:
the items in the CashBook not entered inthe Bank Statement
the items in theBank Statement notentered in the Cash
Book adjust the Cash Book
(Bank Column)
prepare a BankReconciliationStatement starting fromthe Cash Book balance
prepare a BankReconciliationStatement starting fromthe Bank Statementbalance
prepare a BankReconciliationStatement when there isa bank overdraft
Adjust the Cash Book(Bank Column).
Bank ReconciliationStatement starting withCash Book (BankColumn) balance.
Bank ReconciliationStatement starting withBank Statementbalance.
Differing openingbalances and errors inthe Cash Book (Bank
Column) and the BankStatement.
Bank overdraft andBank ReconciliationStatement.
Allow one student toenter transactions in the
Cash Book while thepartner records them inthe Bank Statement.
Teacher supplies thetransactions.
Demonstrates atransaction onuncredited deposit andexplains the need forBank Reconciliation.
Compare a Bank
Statement with CashBook (Bank Column)entries.
Show the Cash Bookadjustment.
Introduce the termsuncredited cheques andunpresented cheques.
Demonstrates how aBank ReconciliationStatement is prepared.
Explains the transactionthat causes the openingbalances in Cash Book(Bank Column) and BankStatement to differ.
Explains how to deal
http://www.franklencomputer.com/check
writing_more_information.html
http://www.accaglobal.com/cpdrealise/
http://accounting10.tripod.com/content.html
http://www.goggle.c
om(search for bankreconciliation)
http://www.ida.gov.sg/idaweb/ebusiness
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)23
http://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.accaglobal.com/cpdrealise/http://www.accaglobal.com/cpdrealise/http://www.goggle.com/http://www.goggle.com/http://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusinesshttp://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.franklencomputer.com/check%20writing_more_information.htmlhttp://www.accaglobal.com/cpdrealise/http://www.accaglobal.com/cpdrealise/http://www.goggle.com/http://www.goggle.com/http://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusiness8/14/2019 Poa - Fast Track( 2 Years)
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with errors in Cash Book(Bank Column).
Explains how anoverdrawn balanceaffects the reconciliationprocess.
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Unit 12 Departmental Account
Glossary : Department, Apportionment of expenses, (refer unit 5)
TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
2WEEK
S
Student should be able to:
define DepartmentalAccounts.
explain the purpose ofpreparing theDepartmental account.
calculate the allocationof expenses for eachdepartment in the Finalaccount.
prepare simplecolumnar TradingAccounts when dealingwith a business whichhas two or moredepartments;- in thecorrect format and inaccordance to the policyof the business in theallocation of the variousexpenses.
Introduction.
Purpose ofDepartmental accounts.
Apportionment ofexpenses.
Analysed Trading andProfit and Loss Account.
Ask students to prepareFinal account,apportioning theundivided expenses inproportion to the sales,floor areas, number ofemployees, etc
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Unit 13 Capital and Revenue Expenditures and Receipts
Glossary : Trading concern, non-trading concern, capital expenditure, capital receipts, revenue expenditures, revenuereceipts.
TIMEFRAM
E
SPECIFIC OBJECTIVES LESSON CONTENTSSUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
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1WEEK
Student should be able to:
distinguish and accountfor capital and revenueexpenditures.
distinguish and accountfor capital and revenue
receipts. list and compare the
capital and revenueexpenditures andreceipts of a tradingconcern and non-tradingconcern.
Difference betweencapital and revenueexpenditures.
Difference betweencapital and revenuereceipts.
Capital and revenueexpenditures of atrading concern andnon-trading concern.
Capital and revenuereceipts of tradingconcern and non-tradingconcern.
Introduce the terms:capital expenditure,revenue expenditure,capital receipts andrevenue receipts.
List on the board (in
table form) theexpenditures andincome of a tradingconcern and non-tradingconcern.
Divide the class into 2groups, then let themcontact local shop for 1group and the othergroup to contact a localclub. Ask the shop andthe club about theircapital and revenueexpenditures andreceipts. Presentationin the class will follow.
http://www.bized.ac.uk/stafsup/options/accounting/work03.html
http://teacher.cie.org
.uk/teacher_support/pdf/7110_w03_gp_1.pdf
Unit 14 - Incomplete Records
Glossary : Incomplete records, Statement of Affairs, Single Entry,
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
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http://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdfhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdfhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdfhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdfhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://www.bized.ac.uk/stafsup/options/accounting/work03.htmlhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdfhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdfhttp://teacher.cie.org.uk/teacher_support/pdf/7110_w03_gp_1.pdf8/14/2019 Poa - Fast Track( 2 Years)
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TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
3WEEK
S
Students should be able to:
Identify the weakness of
incomplete records Calculate profit usingthe comparison ofcapital methods
Calculate profit usingmethod of analysis.
Compute purchases,sales, debtors, creditors,expenses, revenues andassets from incompleterecords.
Prepare Statement ofAffairs.
Weakness of Incompleterecords
Calculate Profit or Lossfrom IncompleteRecords
Comparison of CapitalMethod
Method of Analysis
Statement of Affairs
Explain the importanceof double entry book-
keeping. Explain with example:-
The calculation ofprofit usingcapitalcomparison andmethod ofanalysis
Organize students intogroups of five to seven.
Try to find somevendors (school
canteen) who do notpractice the doubleentry system of book-keeping. Try offering theservice and suggest tothe vendor that thegroup can help them tocarry out the properway to book-keepingunder the double entrysystem. List out the
steps to be taken by thegroup of student on howto implement it.
http://toolkit.cch.com/text/P06_1350.asp(to find out more aboutsingle and double entryaccounting system)
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)28
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Unit 15 Non-Trading Organizations
Glossary : Receipts and payments accounts, Bar / Refreshments Trading, Bar / Refreshments profit, income andexpenditure account, surplus, deficit, accumulated fund, subscription account, subscriptions in advance,subscriptions in arrears.
TIME
FRAMESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHING
LEARNING ACTIVITIES
SUGGESTED
ON-LINE
4WEEKS
Student should be able to:
distinguish betweenReceipts and PaymentsAccounts and Incomeand ExpenditureAccounts.
draw up the Receiptsand Payments Accounts,Refreshments andSubscriptions Accounts.
calculate theAccumulated Fund.
prepare the Income andExpenditure Accountsand Balance Sheets.
Refreshments TradingAccount.
Subscriptions Accounts.
Receipts and PaymentsAccounts.
Income and ExpenditureAccounts.
Accumulated Fund.
Balance Sheets.
Discuss and explain:-
Receipts andPayments Accounts;
Income andExpenditureAccounts.
Illustrate the similaritiesand differences betweennon-tradingorganizations.
Calculate Accumulatedfund using simpleexamples.
Prepare subscription a/c.
List the steps inpreparing the finalaccounts and balancesheet of non-tradingconcerns.
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Unit 16 Control Account
Glossary : Subsidiary Ledger, Control Accounts, Debtors Control Account/ Sales Ledger Control Account, Total DebtorsAccount, Creditors Control Account/Purchases Ledger Control Account, Transfer (Contra), Minority Balances.
TIMEFRAM
E
SPECIFIC OBJECTIVES LESSON CONTENTSSUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
2WEEK
S
Student should be able to:
explain the purpose ofcontrol accounts.
draw up the DebtorsControl Account.
draw up the CreditorsControl account.
enter the followingitems into the relevantcontrol account:- credit
sales and purchases,receipts and payments,discounts, returns, baddebts, dishonouredcheque, interest onoverdue account, contraentries, refund, openingand closing balances onboth sides of theaccounts.
identify and use the
books of prime entry assources of informationfor the control accountentries.
explain how thetransfers (contra)
Control Account.
Purposes / Uses ofControl Account.
Debtors ControlAccount.
Creditors ControlAccount.
Transfers ( Contras ).
Minority Balances inControl Accounts
Prepare the DebtorsControl account andCreditors Controlaccount from the giventransactions.
Name the source ofinformation for theconstruction of bothcontrol accounts.
http://www.ventureline.com/glossary.asp
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
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between the sales andpurchases ledgers arepresented in the controlaccounts.
describe how minoritybalances arise and howthey affect the control
accounts.
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Unit 17 Manufacturing Accounts
Glossary : Cost of Raw Materials Consumed, Direct Costs, Prime Costs, Factory Overheads/Indirect Cost, Costs OfProduction, Cost of Manufacturing, Work In Progress, Unfinished goods, Stock of Unfinished goods,Gross Profit on Trading, Market Price of Finished Goods, Finished Goods.
TIME
FRAMESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHING
LEARNING ACTIVITIES
SUGGESTED
ON-LINE
3WEEKS
Students should able to :
define the two types ofcosts :
Direct Cost (PrimeCost)
Indirect Cost
prepare themanufacturing account.
give examples of DirectCost and Indirect Cost
compute the Prime Cost
calculate the Cost ofManufacturing(production)
show the treatment ofWork In Progress
prepare Trading Accountto calculate gross profitof a manufacturingbusiness
prepare Profit and Loss
Account for calculatingnet profit of amanufacturing business
prepare the BalanceSheet of a
Manufacturing Account:
Costs of RawMaterials.
Direct Costs.
Prime Costs.
Indirect Costs.
Work In Progress.
Costs of Production.
Market Price.
Manufacturing Profit.
Manufacturers Tradingand Profit and LossAccount :
Finished Goods.
Gross Profit onmanufactured andfinished goods.
Manufacturers
Balance Sheet :Closing Stock On Raw
Materials.
Closing Stock onFinished Goods.
Work In Progress at
Educational visit tomanufacturing firm forthe students able tounderstand the Cost ofRaw Materials, DirectCost, Indirect Cost andCost Of Production.
Assign a project for eachgroup in a class tomanufacture simple
product and ask thestudents to calculateCost of Raw Materials,Direct Cost, Indirect Costand Cost of Production.
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manufacturing business the end.
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Unit 18 Correction of Errors and Suspense Account
Glossary : Errors of omission, Errors of commission, Errors of principle, Errors of original entry, Compensatingerrors, Reversal of entries, Suspense account, Differences in books, Understate, Overstate, Undercast,Overcast, Undervalue, Overvalue
TIME
FRAMESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHING
LEARNING ACTIVITIES
SUGGESTED
ON-LINE
4WEEKS
Students should be ableto:
lists, identify andanalyse errors notrevealed by a TrialBalance.
identify and correcterrors revealed by a
Trial Balance withSuspense Account.
make journal andledger entriessupporting thecorrection of errors.
post entries toSuspense Accountwhere necessary.
analyze the effectsand correction oferrors on:
Trial Balance. Profit and Loss
Accounts.
Balance Sheet.
Do Not Revealed
Correction of errors notrevealed by a Trial Balancethru making journal andledger entries.
Error of omission
Error of commission
Error of principle
Compensating error
Error of original entry
Error of completereversal
Revealed:
Creation of SuspenseAccount when errorsrevealed by the TrialBalance:
Wrong casting in thebooks of original entries.
Incomplete doubleentries.
Double entriescompleted but withdifferent amounts.
Posting to the same sidein both accounts.
Demonstrate correctionof error on the board thelist of transactions,which do not revealedand revealed by trialbalance.
Record the errors in theledger accounts andcorrect each error thruledger and journal
entries. Introduce and explain
the function of aSuspense Account whena Trial Balance totals arenot equal.
Identify and correcterrors, which affect theagreement of the TrialBalance totals and howthey are corrected.
Analyze the effects oferrors in Trial Balanceand draw up thecorrected Trial Balance.
Analyze the effects oferrors and also its
http://www.gen.com/archives/gen/1997/may2b/pg3a.htm
http://accounting10.tripod.com/slides11.1.ppt
http://www.bized.ac.uk/stafsup/options/acc
ounting/work04.htm
http://www.bized.ac.uk/stafsup/options/accounting/mod2.tsuspense.htm
http://www.bized.ac.uk/stafsup/options/accounting/mod2.wsuspense.htm
http://teachers.cie.org.uk/teachersupport/pdf/7110 w03gp2.pdf
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
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Correction of an errorrequiring more than twoentries.
Effects of correction oferrors on Trial Balance.
Effects of correction oferrors on profit.
Effects of correction onBalance Sheet.
correction on GrossProfit and Net Profit.
Analyze the effects oferrors and also itscorrection on BalanceSheet.
http://www.google.com (search for book-keeping errors)
http://www.ida.gov.sg/idaweb/ebusiness
Unit 19 Partnership (Admission / Goodwill / Amalgamation )
Glossary : Fixed Capital Account, Current Account, Profit and Loss Appropriation Account, Credit/debit balance in theCurrent Account, Goodwill, Premium, Revaluation Account, Amalgamation.
TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
5
WEEKS
PARTNERSHIP
Students should be able to:
differentiate between apartnership from a soleproprietorship.
calculate interest oncapital and interest ondrawings.
draw up the profit andLoss AppropriationAccount.
draw up Current Accountof a partner.
prepare the BalanceSheet of a Partnership
Main differencesbetween Partnership andSole Proprietorship
Partnership Agreement
Capital and CurrentAccounts of aPartnership
Interest on capital
Partners salaries
Interest on Drawings
Distribution of profits Profit and Loss
Appropriation account
Loans from partners
Balance Sheet
Explain with example:-
The Profit and LossAppropriationAccount.
The Current Accountof the partner.
The Owners Equity ispresented in theBalance Sheet withdetails of the Current
Accounts OR thebalance broughtforward only.
WWW.Tutor2u.net
WWW.Bized.ac.uk
WWW.Accounting10.tripod.com
WWW.Accaglobal.com
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
YEAR 8 (2YR PROGRAMME)37
http://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusinesshttp://www.tutor2u.net/http://www.bized.ac.uk/http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.accaglobal.com/http://www.accaglobal.com/http://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusinesshttp://www.tutor2u.net/http://www.bized.ac.uk/http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.accaglobal.com/http://www.accaglobal.com/8/14/2019 Poa - Fast Track( 2 Years)
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ADMISSION OF A PARTNER AND GOODWILL
Students should be able to:
define goodwill
record goodwill in thebooks
write off goodwill
follow the procedure inadmission of a partner
calculate assetsrevaluation and thepayment of Premium orthe raising of a GoodwillAccount
When Goodwill must bevalued
Raising a GoodwillAccount
Writing off Goodwill
Admission of a partnerand goodwill
Payment of a Premiumfor goodwill
Admission of a partnerand revaluation of assets
Explain withexample:-
The GoodwillAccount
The Revaluation
Account The Capital
Accounts
WWW.Tutor2u.net
WWW.Bized.ac.uk
WWW.Accounting10.tripod.com
WWW.Accaglobal.com
TIMEFRAM
ESPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHINGLEARNING ACTIVITIES
SUGGESTEDON-LINE
construct the CapitalAccount of the existingpartner(s) after therevaluation of assetsand the payment ofpremium or the raisingof the Goodwill account.
draw up the BalanceSheet of the newpartnership.
AMALGAMATION
PRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK
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Students should be able to:
define amalgamation.
explain procedure takenbefore amalgamationtakes effect.
adjust the Capital
Accounts of the twofirms that are to merge.
prepare combinedBalance Sheet of thenew partnership.
Revaluation of assets.
Opening the goodwillaccount.
Discharging theliabilities or bring theminto the new
partnership. Adjustments to the
capital accounts.
Combined balance sheetof the new partnership.
Explain with example:-
Show the CapitalAccounts
Show the RevisedBalance Sheet
WWW.Tutor2u.net
WWW.Bized.ac.uk
WWW.Accounting10.tripod.com
WWW.Accaglobal.com
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Unit 20 Limited Companies
Glossary : Authorised, Registered or Nominal Capital, Issued capital, Subscribed capital, Called-up capital, Uncalledcapital, Paid-up capital, Unpaid-up capital, Ordinary shares, Preference shares, Deferred shares,Debentures, Dividends, Interim dividends, Final dividends, Shareholders fund.
TIME
FRAME SPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHING
LEARNING ACTIVITIES
SUGGESTED
ON-LINE
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3WEEK
S
Student should be able to:
describe the features ofa Limited Company.
distinguish betweenlimited and unlimitedliability.
explain the differentclasses of capital of alimited company.
explain the differencesbetween ordinaryshares, preferenceshares and deferredshares.
state the differencesbetween shares anddebentures.
calculate the dividendspaid on shares.
state the differencebetween interimdividends and finaldividends.
contrast the capitalstructure of soleproprietorships,partnerships and limitedcompanies.
prepare the
appropriation account. calculate the share
holders fund.
Limited Companies andtheir Features.
Company Accounts.
Classification of Capital.
Classes of Shares.
Debentures.
Dividends. Final Accounts of
Limited Companies.
Comparison of theCapital Structure of theSole Trader, Partnershipand Limited LiabilityCompany.
Describe the features ofa limited company.
Compare the abovefeatures with other typeof business i.e. soleproprietorship and
partnership. Explain the meaning of
the differentclassification of capital.
Explain the differentclasses of shares withrespect to the paymentof dividends.
Explain the function ofDebentures andhighlight theirdifferences with sharesof a company.
Explain final and interimdividends and how theyare calculated for thedifferent shares.
Prepare the format ofAppropriation accountshowing clearly thecalculation of dividends
Explain shareholdersfunds and how they are
calculated.
Visit coco cola website at:WWW.Cocoacola.ComRefer to the latestannual report and
ask student toidentify relevantitems.
Log on to theRegistrar of Companies website at:WWW.rcb.gov.sg
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Unit 21 Interpretation and Analysis of Final Account and Balance Sheet
Glossary :Turnover, Interpret, Analyse, Acid-test ratio( quick/liquid ratio), Current ratio, Gross profit margin, Net profitmargin, Average stock, Liquidity, Mark-up, Quick (liquid) assets, Rate of return on capital, Rate of stockturn, Ratio analysis, Working capital, Working capital ratio, Capital employed, Capital owned.
TIME
FRAME SPECIFIC OBJECTIVES LESSON CONTENTS
SUGGESTED TEACHING
LEARNING ACTIVITIES
SUGGESTED
ON-LINE
3WEEK
S
Student should be able to:
To explain theimportance of analysisand interpretation offinancial statements.
To compute the differentaccounting ratios.
To comment upon thesignificance of the
accounting ratios in thefinal accounts andbalance sheet of abusiness.
Importance ofinterpretation andanalysis of final accountsand balance sheet.
Calculation of mainaccounting ratios asfollows:
gross profitmargin
mark up on cost rate of stockturn
net profit margin
expense ratio
working capital
liquid ratio
capital employed
rate of return oncapital invested
return on capitalemployed
Significance of theaccounting ratios in theperformance (finalaccounts and balancesheet) of the business.
Introduce with themeaning of the wordsinterpret andanalyse (use ofdictionary).
Show how to calculatethe different accountingratios based on givensituations.
Group students into 3/4.Show a financialstatements of abusiness, compare itsperformance for thegiven years using theaccounting ratios,Interpret and analysethe significance of theaccounting ratios in thefinal accounts andbalance sheet.
http://www.office.com/global
(Usefulexplanations
on financialanalysis)
http://www.managementsystems.net/benefits/benemain.htm
(Accountingsoftware to assist infinancial analysis)
http://www.ventureline.com/
(Sample industry
analysis and ratios
computed)
http://www.sgx.com.sg
Annual reports ofwell-known retailchains.
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REFERENCES:
Principles of Accounts;Marshall Cavendish Education 2nd Edition; Betsy Li, Tan Sai Kim, Goh Lin Chin.
Principles of Accounts;Marshall Cavendish Education 3rd Edition; Betsy Li, Tan Sai Kim, Goh Lin Chin.
Principles of Accounts;Marshall Cavendish Education 4th Edition; Betsy Li, Tan Sai Kim, Goh Lin Chin.
Principles of Accounts;Marshall Cavendish Education 5th Edition; Betsy Li, Tan Sai Kim, Goh Lin Chin.
Principles of Acounts; A complete Course with S.B.A Guides; CEP; David Ramlochan;Chairman Lalla
OLevel Principles of Accounts;Loh Boon Foo, Ng Kim Hwa;Longman
Principles of Accounts; Pearson Longman; Low-Wong Yee Yong, Wang-Aung Ah Hong.
Bookkeeping and Accounts; FT Prentice Hall; Frank Wood.
IGCE Accounting; Cambridge; Catherine Concom
BGCE O Level Past Years Exam Questions.
RECOMMENDED BOOKLET FOR STUDENTS:
Principles of Accounts MCQs Bank 2000 2006, Topical Past Year Papers;7110 / 1; ISBN 99917 48 74 1Cg Hj Md Yura Faisal bin Hj Mohd Yusof; BA (Hons) Education (Economics & Geography)
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