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MINISTRY OF EDUCATION

WATERLOO SECONDARY SCHOOL

SCHEME OF WORK

SCHOOL: WATERLOO SECONDARY EXAMINATION BODY: CXC

COURSE: BUSINESS STUDIES YEAR: 2016 – 2017

SUBJECT: PRINCIPLES OF ACCOUNTS CLASS: FORM 4

TERM: II TEACHER: MS. P. JAGGAN-MARTIN

GOALS OF THE COURSE:

This course seeks to develop:

1. Candidates’ abilities in applying accounting principles and procedures in business.

2. Candidates’ appreciation of the importance of accountability in both public and private organizations.
3. Candidates’ awareness of the use of accounting practices as a tool for efficient business management.
4. Candidates’ abilities to coordinate and interpret financial data that could be used for decision making by management.

EVALUATION

Course Mark - 25%

Examination Mark - 75%

Final Mark 100%

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Propose Actual Unit Topic and/or Lesson Topic(s) General Objectives of the Teaching/Learning Evaluation Comments
Dates Dates Unit/Lesson(s) Resources/Activities
2017 2017 Revision- Review of End of Term The student will be able to: Copies of Principles Formative &
09/01- Examinations 1. Recognize the of Accounts Papers II Summative
13/01 importance of End of Key for Paper II
Term Examinations Notes
2. Reorient Whiteboard
himself/herself with
subject matter that
was taught during
the previous term

16/01- SECTION 5: THE PREPARATION 1. Understand the Charts In-Class

20/01 & AND ANALYSIS OF FINANCIAL purpose of preparing Whiteboard Exercises
23/01- STATEMENTS OF THE SOLE TRADER financial statements Lesson notes Home-Work
27/01 & 1. Trading and Profit and Loss 2. Understand the Reference textbooks Exercises
30/01- Account (Income Statement) various components Discussion
03/02 - Including adjustments of the financial
for returns inwards and statements
returns outwards; 3. Understand the
carriage inwards and format required for
closing stock. preparing the Trading
2. Balance Sheet (Statement of and Profit and Loss
Financial Position) Account in
- Treatment of net profit determining gross
or loss on the Balance profit or loss and net
Sheet profit or loss
3. Definition of Working 4. Understand the
Capital effect of net profit or
4. Calculation of Working loss on capital
Capital 5. Discuss the
5. Preparation of classified importance of
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Balance Sheet showing preparing classified

Working Capital balance sheet in
vertical style
6. Discuss the
significance of
Working Capital for
the operation of the
business

06/02- SECTION3: BOOKS OF ORIGINAL 1. Understand the Whiteboard In-Class

10/02 ENTRY importance of Lesson notes Exercises
1. Purchases Journal- accurately recording Reference textbooks Home-Work
*Source document- information from the Discussion Exercises
Purchases Invoice source
2. Posting from the Purchases document(purchases
Journal to individual creditors’ invoices) in the
accounts in the Purchases Ledger relevant book of
3. Posting the total of the Purchases original entry
Journal to the Purchases Account in (Purchases Journal)
the General Ledger 2. Discuss the
treatment and
importance of the
total in the Purchases
Journal

13/02- SECTION 3: BOOKS OF ORIGINAL 1. understand the In-Class s

17/02 ENTRY
1. Returns Outwards Journal-
*Source document – Debit
Note
2. Posting from the Returns
Outwards Journal to individual
creditors’ accounts in the Purchases
Ledger
importance of accuracy in Whiteboard Exercises
recording information from Lesson notes Home-Work
the debit notes in the Discussion Exercises
Returns Outwards Journal. Reference textbooks
2. discuss the treatment and
importance of the total in the
Returns Outwards Journal
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3. Posting the total of the Returns

Outwards Journal to the Returns
Outwards Account in the General
Ledger

20/02- SECTION 3: BOOKS OF ORIGINAL 1. Discuss the Whiteboard In-Class

24/02 ENTRY importance of Lesson notes Exercises
1. Sales Journal – accurately recording Reference textbooks Home-Work
*Source document – Sales financial information Discussion Exercises
Invoice from sales invoices in
2. Posting from the Sales Journal to to the Sales Journal
individual debtors’ accounts in the 2. Discuss the
Sales Ledger treatment and
3. Posting the total of the Sales importance of the
Journal to the Sales Account in the total in the Sales
General Ledger Journal

27/02- SECTION 3: BOOKS OF ORIGINAL 1. understand the Whiteboard In-Class

03/03 ENTRY
1. Returns Inwards Journal –
*Source document – Credit Note
2. Posting from the Returns
Inwards Journal to individual
debtors’ accounts in the Sales
Ledger
3. Posting the total of the
Returns Inwards Journal to the
Returns Inwards Account in the
General Ledger
importance of accuracy in the Lesson notes Exercises
recording of financial Reference textbooks Home-Work
information in the Returns Discussion Exercises
Inwards Journal
2. discuss the treatment and
importance of the total in the
Returns Inwards Journal

06/03- SECTION 3: BOOKS OF ORIGINAL 1. understand the Lesson notes In-Class

10/03 & ENTRY importance of recording Whiteboard Exercises
13/03- 1. Cash Book financial information Reference textbooks Home-Work
17/03 *Receipts of cash /bank accurately in the Cash Book Discussion Exercises
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transactions 2. understand the difference

2. Cash discounts – discounts between discounts allowed
allowed and discounts received and discounts received
3. Balancing the cash book 3. discuss the significance of
4. Totaling the discounts allowed the balances brought down
and discounts received columns in on the Cash Book
the Cash Book
5. Posting the totals of the
discounts allowed column in the
Cash Book to the Discounts Allowed
Account in the General Ledger
6. Posting the totals of the
discounts received column in the
Cash Book to the Discounts Received
Account in the General Ledger

20/03- SECTION 3: BOOKS OF ORIGINAL 1. Discuss the Lesson notes In-Class

24/03 ENTRY importance of Discussion Exercises
1. Petty cash book- maintaining a petty Reference textbooks Home-Work
*Source document – Petty cash book in a firm Whiteboard Exercises
cash vouchers 2. Understand the
2. The Imprest System importance of the
Imprest system

27/03- Revision in preparation for End of Whiteboard Oral

31/03 Term Examinations Notes questions
Worksheet

03/04- End of Term Examinations Printed Scripts Written

07/04 Papers I and II Submission