WATERLOO SECONDARY SCHOOL

DEPARTMENT OF BUSINESS AND TECHNOLOGY EDUCATION

SCHEME OF WORK
Academic Year: 2021/2022 TERM: II CLASS/FORM: Upper 6 SUBJECT: Accounting – Unit I: Financial Accounting
Teacher: Ms. P. Jaggan-Martin
Proposed Unit Topic/Lesson Topic Specific Objectives - Students will Teaching/ Resources Evaluation/ Comments
Cycle/ be able to: Learning Activities Assessment
Period(s)
2022
03/01- Revision – Review of Previous 1. Recognize the importance of Explaining Lesson notes Formative &
07/01 Terms’ Work reviewing Previous Terms’ Questioning Word document Summative
Work. Guiding templates
2. Reorient himself/herself with Analyzing Discussion
subject matter that was taught Making corrections Reference textbooks
during the previous terms.

10/01- MODULE 2: 1. Prepare Statement of Presentation Lesson notes Formative &

14/01 PREPARATION OF Comprehensive Income for a Demonstration Whiteboard Summative
FINANCIAL STATEMENTS sole trader using established Explaining Discussion
Preparation of the following accounting guidelines. Questioning Reference
financial statements for sole 2. Prepare Statement of Changes Giving examples Textbooks
traders using IAS and IFRS for in Equity for a sole trader Guiding Handouts
SMEs 2009: using established accounting Analyzing Word document
 Statement of guidelines. templates
Comprehensive Income 3. Prepare Statement of Power point
(Income Statement) Financial Position for a sole presentations
 Statement of Changes trader using established
in Equity accounting guidelines.
 Statement of Financial
Position (Balance
 Sheet)

17/01- MODULE 2: 1. Prepare financial statements Presentation Lesson notes Formative &
21/01 PREPARATION OF from incomplete records or Demonstration Whiteboard Summative
FINANCIAL STATEMENTS where financial records are Explaining Discussion
Preparation of financial deficient or erroneous. Questioning Reference
statements from incomplete Giving examples Textbooks
records or where financial Guiding Handouts
records are deficient or Analyzing Word document
erroneous: templates
 Control accounts Power point
 Statement of affairs presentations
 Receipts and payments
 Correction of errors

24/01- MODULE 2: 1. Prepare income and Presentation Lesson notes Formative &
28/01 PREPARATION OF expenditure accounts for non- Demonstration Whiteboard Summative
FINANCIAL STATEMENTS commercial entities. Explaining Discussion
Preparation of the following 2. Prepare Statement of Questioning Reference
financial statements for non- Financial Position (Balance Giving examples Textbooks
profit-making organizations, Sheet) for non-profit-making Guiding Handouts
including non-governmental organizations, including non- Analyzing Word document
organizations (NGOs) using governmental organizations templates
IAS and IFRS for SMEs 2009: (NGOs) using established Power point
 Income and accounting guidelines. presentations
expenditure account
 Statement of Financial
Position (Balance
Sheet)

31/01- MODULE 2: 1. Prepare Statement of Presentation Lesson notes Formative &

04/02 PREPARATION OF Comprehensive Income Demonstration Whiteboard Summative
FINANCIAL STATEMENTS for co-operatives using Explaining Discussion
 Preparation of the following established accounting Questioning Reference
financial statements for co- guidelines. Giving examples Textbooks
operatives using IAS and IFRS 2. Prepare Statement of Guiding Handouts
for SMEs 2009: Changes in Equity for co- Analyzing Word document
 Statement of operatives using templates
Comprehensive Income established accounting Power point
(Income Statement) guidelines. presentations
 Statement of Changes 3. Prepare Statement of
in Equity Financial Position
 Statement of Financial (Balance Sheet) for co-
Position (Balance operatives using
Sheet) established accounting
guidelines.

07/02- MODULE 2: 1. Prepare Statement of Presentation Lesson notes Formative &

11/02 PREPARATION OF Comprehensive Income Demonstration Whiteboard Summative
FINANCIAL STATEMENTS and Appropriation account Explaining Discussion
Preparation of the following for partnerships using Questioning Reference
financial statements for established accounting Giving examples Textbooks
partnerships using IAS and guidelines. Guiding Handouts
IFRS for SMEs 2009: 2. Prepare Statement of Analyzing Word document
 Statement of Changes in Equity for templates
Comprehensive Income partnerships using Power point
(Income Statement) established accounting presentations
and Appropriation guidelines.
account 3. Prepare Statement of
 Statement of Changes Financial Position for
in Equity partnerships using
 Statement of Financial established accounting
Position (Balance guidelines.
Sheet)

14/02- MODULE 2: 1. Create accounts related to Presentation Lesson notes Formative &
18/02 PREPARATION OF changes in partnerships with Demonstration Whiteboard Summative
FINANCIAL STATEMENTS respect to admission, Explaining Discussion
Accounting for Changes in retirement and dissolution. Questioning Reference
Partnership: Giving examples Textbooks
a. Admission Guiding Handouts
b. Retirement Analyzing Word document
c. Dissolution (including templates
insolvent partners) Power point
presentations
21/02- MODULE 2: 1. Create accounts relating to the Presentation Lesson notes Formative &
25/02 PREPARATION OF purchase of an unincorporated Demonstration Whiteboard Summative
FINANCIAL STATEMENTS business by a limited Explaining Discussion
Incorporation of an company. Questioning Reference
Unincorporated Business: 2. Prepare journal entries and Giving examples Textbooks
a. Purchase of an posting to ledger accounts Guiding Handouts
unincorporated with respect to purchasing of Analyzing Word document
business unincorporated businesses. templates
b. Conversion of an 3. Prepare Balance Sheet Power point
unincorporated extracts with respect to presentations
business to an purchase of an unincorporated
incorporated business business by a limited
Accounting for changes in company.
corporations: 4. Prepare journal entries and
a. Raising and repayment posting to ledger accounts
of capital with respect to raising and
b. Preparation of repayment of capital
Statement of Financial (including bonus and rights
Position (Balance issues).
Sheet) extract 5. Apply a given corporation tax
Corporation Tax: to net income.
 Treatment of
Corporation Tax in
financial statements
28/02- MODULE 3: FINANCIAL 1. Prepare statements of cash Presentation Lesson notes Formative &
04/03 REPORTING AND flow. Demonstration Whiteboard Summative
INTERPRETATION Explaining Discussion
Preparation of Statements of Questioning Reference
Cash Flow (Indirect Method Giving examples Textbooks
only). Guiding Handouts
Analyzing Word document
templates
Power point
presentations
07/03- MODULE 3: FINANCIAL 1. Compute ratios to test Presentation Lesson notes Formative &
11/03 REPORTING AND solvency, liquidity, Demonstration Whiteboard Summative
INTERPRETATION profitability and activity. Explaining Discussion
Ratio Analysis: 2. Explain the significance and Questioning Reference
a. Liquidity limitations of financial Giving examples Textbooks
b. Solvency statements. Guiding Handouts
c. Activity Analyzing Word document
d. Profitability templates
Limitations of Financial Power point
Statements: presentations
a. Historical
b. Use of estimates and
aggregation
c. Use of accounting
policies

14/03- MODULE 3: FINANCIAL 1. Analyze the financial Presentation Lesson notes Formative &
18/03 REPORTING AND performance of an entity. Demonstration Whiteboard Summative
INTERPRETATION Explaining Discussion
Analysis of Performance: Questioning Reference
a. Ratio analysis Giving examples Textbooks
b. Limitations of ratio Guiding Handouts
 analysis Analyzing Word document
c. Vertical templates
analysis/common size Power point
d. Horizontal presentations
analysis/comparative

21/03- Revision in preparation for 1. Understand the Presentation Whiteboard Oral questions
25/03 End of Term Examinations concepts/content taught Explaining Lesson notes Worksheet
previously and during this Questioning
term. Analyzing
2. Analyze questions and Giving examples
respond to questions using
concepts/content previously
taught.

28/03- End of Term Examinations 1. Apply concepts/content taught Giving instructions to Printed Scripts Online
01/04 to respond to questions on the students for completion of Papers I and II Submission
examination paper. End of Term Examination Written
Papers Submission

Expected Coursework Assessments:

Structured questions and multiple-choice items on the following topics:
1. Preparation of financial statements for various types of business organizations – income statement, statement of changes in equity, statement of financial position.
2. Preparation of financial statements from incomplete records.
3. Accounting for changes in partnership – admission, retirement, dissolution.
4. Statement of Cash Flow.
5. Ratio analysis and analysis of performance of a business entity.
Expected End of Term Examination (s):
Paper I Duration: 90 mins
Paper II Duration: 2 hrs. 45 mins.
Final Evaluation:
Coursework Mark (100%) - 25% weighting Number of Students In class: 3
End of Term Examination Mark (100%) - 75% weighting
TOTAL -100%

Respectfully submitted: …………Pratibha Jaggan-Martin…………………………………………….. Dated: 20 January, 2022.

Teacher’s Signature

Received by: …………………………………………………………………… Dated:

HOD’s Signature

Reviewed by: …………………………………………………………………… Dated:

Principal/Vice Principal’s Signature