Poa - Normal Track (3 Years)

8/14/2019 Poa - Normal Track (3 Years)

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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

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7WEEK

S

Students should be able to:

state the purpose ofbook-keeping andaccounting.

explain the differencebetween book-

keeping andaccounting.

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 of accountingperiod

The accounting process

Ledger Rules; Assets,Liabilities, Revenues,Expenses and OwnersEquity.

Fundamental Conceptsand accounting.

Accounting InformationSystem

Advantages of AIS.

Disadvantages of AIS.

Purpose of AIS

Compare and contrastthe differences ofaccounting cycle oraccounting process inthe computerized andmanual system.

Which type ofbusiness would be themost common? Why?

Analyse the reasonswhy specific types ofbusinesses choose

particular business form. Compare and

contrast the advantagesand disadvantages ofeach type of businessunit.

Discuss the role ofaccounting informationin making financialdecisions.

Go to the nearest

mini-mart and list allassets that can be andmeasured in terms ofmoney.

Provide case studywhere students are ableto:

State the date of theBalance Sheet.

Total Assets, Totalliabilities and owners

equity.The type of liabilityin the business.

Whats makeup theowners equity of thebusiness.

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


(3YR 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/


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sized organisation)

Unit 2 Ledger and Balancing of Accounts

Glossary: Ledger, Purchases (Creditors) Ledger, Sales (Debtors) Ledger, General Ledger, Debit Balance, CreditBalance

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5WEEK

S

Students should be ableto :

explain the purposeof the ledger.

explain the reasonsfor maintaining

separate ledgers. analyse transactions

and post relevantdetails to appropriateaccounts in theledgers.

balance ledgeraccounts.

interpret the detailsand the balances inthe accounts.

record transactionsrelated to drawings ofstock, cash or otherassets.

The Ledger :

Rules of LedgerEntries.

Types of Accounts.

Balancing / ClosingAccounts.

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


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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.htm


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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.

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SUGGESTEDON-LINE

5SOURCE DOCUMENTS


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WEEKS

Students should be ableto:-

explain what are sourcedocuments and theirimportance.

name and state the useof an invoice, creditnote, debit note,cheque, chequecounterfoil, till slips,vouchers, receipt, bankstatement andstatement of accounts.

determine whichbusiness document is tobe used in a particular

transaction / situation. Comprehend that the

information 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

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SUGGESTEDON-LINE


(3YR 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.htm


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JOURNAL

Student should be able to:

define and explain thepurpose of the journal.

list the advantages and

uses of the GeneralJournal.

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 of

documents for writingup the journals.

distinguish between atrade discount and cashdiscount.

calculate and record the

Definition of journals.

Role of journal in theaccounting process.

Recording transactions

from source documentsinto the journals.

The General Journal.

Advantages of using theGeneral Journal.

Uses of the GeneralJournal.

Recording into theGeneral Journal.

Trade and cashdiscount.

Purchases Journal.Returns OutwardsJournal.

Sales Journal.

Returns InwardsJournal.

Recording transactionsinto Purchases Journaland Returns Outwards

Journal.

Recording transactions

into Sales Journal andReturns Inwards Journal.

The Cash Book andPetty Cash.

Posting.

Ledger.

Recording theinformation in thesource documents intodifferent types of

journals. Post the transactions in

the General Journal andthe Special Journal tothe appropriateaccounts in the ledgers.

List the similarities anddifferences betweenspecial journals andgeneral journal.

Calculate the tradediscount and cashdiscount by givingnumerical example.


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trade discount into therelevant journal.

differentiate between aGeneral Ledger, aPurchases Ledger andSales Ledger.

Posting from theGeneral Journal

Posting from thePurchases Journal.

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SUGGESTEDON-LINE

post entries from thejournals to theappropriate ledgers.

Posting from theReturns Outwards

Journal.

Posting from the SalesJournal Posting from the

Returns InwardsJournal.

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 TEACHING

LEARNING ACTIVITIES

SUGGESTED

ON-LINE

2 CASH BOOK


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WEEKS


explain Cash Book asa journal and a ledger.

list and explain thepurpose of Cash Book.

distinguish between,

and account for, tradediscount and cashdiscount; discountallowed and discountreceived.

explain contratransactions.

state and follow theprocedure of preparinga Cash Book.

draw up a Cash Book

following proper rulesand format.

Dual functions ofCash Book.

Purposes of CashBook.

Two column cash book.

Difference between

trade discounts andcash discounts.

Difference betweendiscount allowed anddiscount received.

Three column cash book.

Contra-entrytransactions

Processing oftransactions in the CashBook.

Discuss and makeclear about: dualfunctions of a cashbook; purposes of a cashbook; differencebetween cash and trade

discounts; differencebetween discountallowed and discountreceived; contra entrytransactions

Record transactionsin a two column andthree column cashbook .

http://www.bhl.co.nz/easybooks/(Usefulness of CashBook)

Microsoft Office

Program, then clickon MicrosoftMoney (Recordingof monthly receiptsand payments)

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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 Columnar

Purpose of the PettyCash Book.

Features and

Advantages of theImprest System.

Recording ofTransactions in theColumnar Petty CashBook with Analysis

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)


(3YR PROGRAMME()9
http://www.bhl.co.nz/easybooks/http://www.bhl.co.nz/easybooks/http://www.msn.com.sg/http://www.bhl.co.nz/easybooks/http://www.bhl.co.nz/easybooks/http://www.msn.com.sg/


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Petty Cash Bookfollowing proper rulesand format.

Columns for Expenses

Unit 5 Trial Balance, Trading, Profit and Loss Account and Balance Sheet

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.

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6WEEK

S

TRIAL BALANCE


determine the closingbalance of an account

list accounts which are

debit and credit innature.

state the purpose ofpreparing a TrialBalance

explain the limitations of

Determining thebalance of an account

Balancing Assets andLiabilities Accounts

Trial Balance

Show how a TrialBalance is prepared atthe end of a Tradingperiod by using a

simple example usingsimple transactions.

www.Accounting10.tripod.com

www.Bized.ac.uk


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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/


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the Trial Balance

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SUGGESTEDON-LINE

recognize that it is astatement of ledgerbalances at a particulardate

identify and explainthose errors which donot affect the TrialBalance

Purpose of a TrialBalance

Limitations of a Trialbalance

TRADING, PROFIT AND LOSS ACCOUNT


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calculate gross profit.

calculate net profit.

draw up a Trading andProfit and Loss Account.

identify the additional

cost on purchases. determine the cost of

goods 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, Opening

stock. Additional cost on

purchases.

Net profit.

Preparation of Profit andLoss Account.

Closing of NominalAccounts affecting netprofit.

Closing of DrawingsAccount.

Balancing the CapitalAccount.

Net loss.Transfer of AccountBalances to Final Accountsand Capital Account.

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


classify assets into Fixedand Current Assets.

classify liabilities intoLong Term and CurrentLiabilities.

Balance Sheet.

Assets and Liabilities.

Owners Equity.

Preparation of theBalance Sheet.

Book-keeping procedureup to the Balance Sheet.

WWW.Askltd.com

WWW.Staffs.ac.uk

WWW.Bized.ac.uk

TIME SPECIFIC OBJECTIVES LESSON CONTENTS SUGGESTED TEACHING SUGGESTEDPRINCIPLES OF ACCOUNT 7110 SPN 21 SCHEME OF WORK

(3YR 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/


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FRAME

LEARNING ACTIVITIES ON-LINE

prepare a Balance Sheetfrom a Trial Balance.

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.

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4WEEK

S


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 calculate

overtime. explain statutory

deductions for IncomeTax, Social Security andNational Insurance.

explain voluntary

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.


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deductions for pensioncontribution.


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15/44

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

4WEEK

S


explain the accountingprinciples behind theadjustments in theaccounts on the balanceday prior to thepreparation of the finalaccounts.

make the ledger entriesfor the following balanceday adjustments:

Accrued Expenses

Accrued Revenue

Prepaid Expenses

Unearned Revenue

determined theexpenses payable orrevenue earned andtransferred to the profitand Loss Account for the

current accountingperiod.

determine the accrualsand prepayments in theBalance Sheet at theend of the accounting

Accounting Principlesand Balance DayAdjustments.

Accrued Expenses.

Accrued Revenue.

Prepaid Expenses.

Unearned Revenue orRevenue received in

advanced.

Explain the accountingperiod concept,matching and accrualconcepts

Explanation withexamples taken fromsimple 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 income

appears in the BalanceSheet.

WWW.Ventureline.Com/Glossary.asp

C21accounting.com/student/green/gj_student_text_materials_frame.html


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http://www.ventureline.com/Glossary.asphttp://www.ventureline.com/Glossary.asphttp://www.ventureline.com/Glossary.asphttp://www.ventureline.com/Glossary.asp


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period.


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17/44

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

5WEEK

S


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 for

Depreciation 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)


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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/Depreciation


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19/44

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


SUGGESTEDON-LINE

5WEEKS

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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http://www.insolvencyhelpline.co.uk/http://www.insolvencyhelpline.co.uk/http://www.insolvencyhelpline.co.uk/http://www.insolvencyhelpline.co.uk/


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21/44

Unit 10 Final Account with Adjustments

Glossary : Refer to Unit 5, 7, 8 and 9.

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4WEEK

S

Students should be able to: Adjust the following

before 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 FixedAssets.

Bad Debts andProvision.

Refer to Unit 5, 7, 8 and9.

Refer to Unit 5, 7, 8and 9.


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22/44

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

TIME

FRAME

SPECIFIC OBJECTIVES LESSON CONTENTS SUGGESTED TEACHINGLEARNING ACTIVITIES SUGGESTEDON-LINE

2WEEK

S


explain the reasons forthe discrepancybetween Cash Book(Bank Column) and BankStatement balances.

explain the need forBank Reconciliation.

review transactions

missing 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 CashBook

adjust the Cash Book(Bank Column)

prepare a BankReconciliationStatement starting fromthe Cash Book balance

Bank Statement.

Cash Book.

Discrepancies betweenCash Book (BankColumn) and BankStatement.

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 (BankColumn) and the Bank

Statement. Bank overdraft and

Bank ReconciliationStatement.

Displays a sample of aBank Statement andexplains the entries.

Allow one student toenter transactions in theCash Book while thepartner records them inthe Bank Statement.

Teacher supplies the

transactions. Demonstrates a

transaction onuncredited deposit andexplains the need forBank Reconciliation.

Compare a BankStatement with CashBook (Bank Column)entries.

Show the Cash Book

adjustment. Introduce the terms

uncredited cheques andunpresented cheques.

Demonstrates how aBank Reconciliation

http://teachers.cie.org.uk/teacherssupport/pdf/7110s03gp 2.pdf

http://www.franklencomputer.com/checkwriting_more_information.html

http://www.accaglobal.com/cpdrealise/

http://accounting10.tripod.com/content.html

http://www.goggle.com

(search for bankreconciliation)

http://www.ida.gov.sg/idaweb/ebusiness


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http://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdfhttp://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdfhttp://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdfhttp://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdfhttp://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://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdfhttp://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdfhttp://teachers.cie.org.uk/teachers%20support/pdf/7110%20s03gp%202.pdfhttp://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/ebusiness


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prepare a BankReconciliationStatement starting fromthe Bank Statementbalance

prepare a BankReconciliationStatement when there isa bank overdraft

Statement is prepared.

Explains the transactionthat causes the openingbalances in Cash Book(Bank Column) and BankStatement to differ.


(3YR PROGRAMME()23


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TIMEFRAM



SUGGESTEDON-LINE

Explains how to dealwith errors in Cash Book

(Bank Column). Explains how an

overdrawn balanceaffects the reconciliationprocess.

Unit 12 Departmental Account

Glossary : Department, Apportionment of expenses, (refer unit 5)

TIMEFRAM



SUGGESTEDON-LINE

2WEEK

S


define DepartmentalAccounts.

explain the purpose ofpreparing theDepartmental account.

calculate the allocationof expenses for eachdepartment in the Finalaccount.

prepare simplecolumnar TradingAccounts when dealingwith a business which

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


(3YR PROGRAMME()24


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has two or moredepartments;- in thecorrect format and inaccordance to the policyof the business in theallocation of the variousexpenses.

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 TEACHING

LEARNING ACTIVITIES

SUGGESTED

ON-LINE


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1WEEK


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


(3YR PROGRAMME()26
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.pdf


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Unit 14 - Incomplete Records

Glossary : Incomplete records, Statement of Affairs, Single Entry,

TIMEFRAM



SUGGESTEDON-LINE

3WEEK

S


Identify the weakness ofincomplete records

Calculate profit usingthe comparison ofcapital methods

Calculate profit usingmethod of analysis.

Compute purchases,sales, debtors, creditors,expenses, revenues and

assets 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 into

groups of five to seven.Try to find somevendors (schoolcanteen) who do notpractice the doubleentry system of book-keeping. Try offering theservice and suggest tothe vendor that thegroup can help them tocarry out the proper

way to book-keepingunder the double entrysystem. List out thesteps 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)


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http://toolkit.cch.com/text/P06_1350.asphttp://toolkit.cch.com/text/P06_1350.asphttp://toolkit.cch.com/text/P06_1350.asphttp://toolkit.cch.com/text/P06_1350.asp


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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


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, TotalDebtors Account, Creditors Control Account/Purchases Ledger Control Account, Transfer (Contra), MinorityBalances.

TIME

FRAME


SUGGESTEDON-LINE

3WEEK

S


explain the purpose ofcontrol accounts.

draw up the DebtorsControl Account.

draw up the CreditorsControl account.

enter the followingitems into the relevantcontrol account:- creditsales and purchases,receipts and payments,discounts, returns, baddebts, dishonouredcheque, interest onoverdue account, contraentries, refund, openingand closing balances onboth sides of theaccounts.

identify and use thebooks of prime entry assources of informationfor the control accountentries.

explain how the

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


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http://www.ventureline.com/glossary.asphttp://www.ventureline.com/glossary.asphttp://www.ventureline.com/glossary.asphttp://www.ventureline.com/glossary.asphttp://www.ventureline.com/glossary.asp


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transfers (contra)between the sales andpurchases ledgers arepresented in the controlaccounts.

describe how minoritybalances arise and how

they affect the controlaccounts.


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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


SUGGESTED TEACHING

LEARNING ACTIVITIES

SUGGESTED

ON-LINE

4WEEKS

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


SUGGESTED TEACHING

LEARNING ACTIVITIES

SUGGESTED

ON-LINE

6WEEKS

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 LossAccounts.

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 entries completedbut with differentamounts.

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


(3YR PROGRAMME()35
http://www.gen.com/archives/gen/1997/may2b/pg3a.htmhttp://www.gen.com/archives/gen/1997/may2b/pg3a.htmhttp://www.gen.com/archives/gen/1997/may2b/pg3a.htmhttp://accounting10.tripod.com/slides11.1.ppthttp://accounting10.tripod.com/slides11.1.ppthttp://accounting10.tripod.com/slides11.1.ppthttp://www.bized.ac.uk/stafsup/options/accounting/work04.htmhttp://www.bized.ac.uk/stafsup/options/accounting/work04.htmhttp://www.bized.ac.uk/stafsup/options/accounting/work04.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdfhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdfhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdfhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdfhttp://www.gen.com/archives/gen/1997/may2b/pg3a.htmhttp://www.gen.com/archives/gen/1997/may2b/pg3a.htmhttp://www.gen.com/archives/gen/1997/may2b/pg3a.htmhttp://accounting10.tripod.com/slides11.1.ppthttp://accounting10.tripod.com/slides11.1.ppthttp://accounting10.tripod.com/slides11.1.ppthttp://www.bized.ac.uk/stafsup/options/accounting/work04.htmhttp://www.bized.ac.uk/stafsup/options/accounting/work04.htmhttp://www.bized.ac.uk/stafsup/options/accounting/work04.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.t%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://www.bized.ac.uk/stafsup/options/accounting/mod2.w%20suspense.htmhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdfhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdfhttp://teachers.cie.org.uk/teachersupport/pdf/7110%20w03%20gp2.pdf


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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


(3YR PROGRAMME()36
http://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusinesshttp://www.ida.gov.sg/idaweb/ebusiness


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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

E


SUGGESTEDON-LINE

5WEEK

S

PARTNERSHIP


differentiate between apartnership from a soleproprietorship.

calculate interest oncapital and interest ondrawings.

draw up the profit and

Loss 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 LossAppropriation account

Loans from partners

Balance Sheet


The Profit and LossAppropriationAccount.

The Current Accountof the partner.

The Owners Equity ispresented in the

Balance Sheet withdetails of the CurrentAccounts OR thebalance broughtforward only.

WWW.Tutor2u.net

WWW.Bized.ac.uk

WWW.Accounting10.tripod.com

WWW.Accaglobal.c

om

ADMISSION OF A PARTNER AND GOODWILL


(3YR PROGRAMME()37
http://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.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/


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When Goodwill must bevalued

Raising a GoodwillAccount

Writing off Goodwill

Admission of a partner

and goodwill Payment of a Premium

for goodwill

Admission of a partnerand revaluation of assets

Explain withexample:-

The GoodwillAccount

The RevaluationAccount

The CapitalAccounts

WWW.Tutor2u.net

WWW.Bized.ac.uk

WWW.Accounting10.tripod.com

WWW.Accaglobal.com

TIMEFRAM

E


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

Revaluation of assets.

Opening the goodwillaccount.


Show the CapitalAccounts

WWW.Tutor2u.net

WWW.Bized.ac.uk


(3YR PROGRAMME()38
http://www.tutor2u.net/http://www.bized.ac.uk/http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.accaglobal.com/http://www.tutor2u.net/http://www.bized.ac.uk/http://www.tutor2u.net/http://www.bized.ac.uk/http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.accaglobal.com/http://www.tutor2u.net/http://www.bized.ac.uk/


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Discharging theliabilities or bring theminto the newpartnership.

Adjustments to thecapital accounts.

Combined balance sheet

of the new partnership.

Show the RevisedBalance Sheet WWW.Accounting10.tripod

.com

WWW.Accaglobal.com


(3YR PROGRAMME()39
http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://www.accaglobal.com/http://www.accounting10.tripod.com/http://www.accounting10.tripod.com/http://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

3WEEK

S


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 difference

between interimdividends and finaldividends.

contrast the capitalstructure of soleproprietorships,

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 andpartnership.

Explain the meaning ofthe different

classification of capital. Explain the different

classes of shares withrespect to the paymentof dividends.

Explain the function ofDebentures andhighlight theirdifferences with sharesof a company.

Explain final and interim

dividends and how theyare calculated for thedifferent shares.

Prepare the format ofAppropriation accountshowing clearly the

Visit coco cola website at:WWW.Cocoacola.ComRefer to the latestannual report andask student toidentify relevantitems.

Log on to theRegistrar of Companies website at:WWW.rcb.gov.sg


(3YR PROGRAMME()40
http://www.cocoacola.com/http://www.cocoacola.com/http://www.rcb.gov.sg/http://www.cocoacola.com/http://www.cocoacola.com/http://www.rcb.gov.sg/


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partnerships and limitedcompanies.

prepare theappropriation account.

calculate the shareholders fund.

calculation of dividends

Explain shareholdersfunds and how they arecalculated.


(3YR PROGRAMME()41


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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


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.


(3YR PROGRAMME()42
http://www.office.com/globalhttp://www.office.com/globalhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.ventureline.com/http://www.ventureline.com/http://www.ventureline.com/http://www.sgx.com.sg/http://www.sgx.com.sg/http://www.office.com/globalhttp://www.office.com/globalhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.managementsystems.net/benefits/benemain.htmhttp://www.ventureline.com/http://www.ventureline.com/http://www.sgx.com.sg/http://www.sgx.com.sg/


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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 BOOKLETS 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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