Business & Accounting Studies - Grade 11 Syllabus

Competency Competency Level Content Learning Outcomes No. of

Periods
6. Develops a 6.1 Inquires about the  Necessity of Banking  Classifies types of Bank Accounts 20
basis regarding contribution of Banking emphasizing the necessity of Banking
 Types of Bank Accounts
how Business Services in making  Shows the steps necessary to commence a
activities are business activities  Savings Accounts Savings Account
implemented with efficient.  Current Accounts  Shows the steps to be followed when
the assistence of opening a Fixed Deposit Account
auxiliary services.  Fixed Deposits
 Explains the importance of services related
 Services related to electronic cash to electronic money
 Issue of Credit Cards  Shows the limitations related to electronic 03
money
 Issue of Debit Cards
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 Issue of Teller Cards

 Competency Competency Level Content Learning Outcomes No. of
Periods
 Importance of the service related to
electronic money
 Immediacy
 All information being digitalized
 Efficiency
 Limitations of the service related to
electronic money
 Technical Problems
 Incidence of new type frauds
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 Need for novel electronic measures

to prevent frauds

6.2 Inquires about the  Advantages of a Current Account  Lists the advantages of a Current Account 04
advantages of maintain-
 Transacting through cheques  Names Parties related to a cheque
ing a Current Account
and the implecations of  Availability of overdraft facilities  Describes the procedures to open a current
the cheque account
 Facilities for direct deposits
 Completes a model cheque
 Implementation of Standing Orders
 Discribes the steps involved depositing a
 Security cheque in the bank
 Receipt of Bank Statement
 Competency Competency Level Content Learning Outcomes No. of
Periods
 Parties related to a cheque
 Drawer
 Drawee
 Receiver
 Writing Cheques
 Crossing Cheques
 Endorsement of Cheques
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6.3 Builds a Basis for  Concept of Insurance  Explains the Concept of Insurance 03
Risk Management by in-  Show the difference between Life Assurance
quiring into the impor-  Life Assurance
and Property Insurance
tance of Insurance.  Property Insurance
 Explain the Principles of Insurance
 Principles of Insurance
 Insurable interest
 Utmost good faith
 Indemnity
(At GCE (O/L) it is adequate if the concept
of Insurance is discussed in simple form)
 Competency Competency Level Content Learning Outcomes No. of
Periods
6.4 Inquires into the  The concept of communication  Explain the concept of communication 03
basis of communication  How communication take place in a  Name the fields of communication
and prepares the ground- Business.
work necessary for its  Show communication mode and methods
 Internal
use.  Describe the elements of communication
 External listing its process
 Mode of Communication
 List factors that should be taken into
 Oral consideration in the selection of a method
of communication
 Written
 Electronic
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 Signals and signs

 The process of communication and its
elements
 Sender of the message
 The message
 Mode
 Reciever
 Responding
 Feedback
 Factors that should be taken into
consideration in the selection of a suitable
method of communication by a business
 Competency Competency Level Content Learning Outcomes No. of
Periods
6.5 Receives the basic  The concept of Transport  Explain the concept of Transport 03
ability to implement
 Elements of Transport
Transport Services for  Name the elements of Transport
Business activities effec-  Mode
tively.  Describes the factors to be considered when
 Ways selecting a suitable transport method
 Power
 Discuss the advantages and disadvantages
 Terminus of different fields of transport
 Factors considered by businesses in the
selection of a suitable mode of transport
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 Cost
 Capacity
 Security
 Availability
 Speed
 How transport contributes in ensuring
the efficiency of a business
 Different fields of transport and their
advantages and disadvantages
 Highways  Flight paths
 Railway lines  Waterways
 Competency Competency Level Content Learning Outcomes No. of
Periods
6.6 Exhibits basic  Domestic trade
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ability to become a  Retail trade  Explains domestic trading
real party in Domestic
 Features/Nature  Explains retail trading
trade and Foreign trade
 Wholesale trade  States the importance of retail trading
 Features/Nature  States the importance of wholesale trade.
 The difference between retail and  Shows the difference between retail trading
wholesale trade
and wholesale trading
 Foreign trade
 Explains foreign trading
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 Gives examples of foreign trade

7. Develops basic 7.1 Acquires basic  Concept of “Management” 06

capabilities of capabilities in  Management functions  Explains the concept of Management in
Management. Management  Planing simple terms 03
 Organizing
 Names four Management functions
 Leading
 Controling
 Competency Competency Level Content Learning Outcomes No. of
Periods
7.2 Investigates the Basic  Concept of “Marketing” 03
Foundation of Marketing  Market Mix (P4)  Explains the concept of Marketing in simple
terms
 Product
 Names the components of the Market Mix
 Price
 Place
 Promotion

8. Prepares 8.1 Prepares trading  Financial Statement

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account of a business 54
financial  Trading account
 Name the Financial Statements of a
statements of a  Opening stock
business business 05
 Purchases
 Calculate cost of goods sold
 Carriage inwards
 Prepare trading account and calculates gross
 Closing stock profit or loss

 Sales
 Cost of goods sold
 Gross profit/loss
 Competency Competency Level Content Learning Outcomes No. of
Periods
8  Profit and loss account 10
8.2 Prepares profit
and loss account of a  Distribution expenses  To explain the profit/loss account.
business  Institutional and Administrative  To record distribution expenses
expenses(Administrative expenses)
 To record administration expenses
 Financial and other expenses
 To record financial and other expenses
 Recording of gross profit or loss
 To add other income to the gross profit
 Other income
 Prepare trading profit and loss account
 Net profit/loss
 Calculates Net profit or loss
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 Show how gross profit/loss is transfered to

the capital account.
8.3 Adjusts payable ex-  Accrued basis 05
penses and receivable in-  To explain the accrual basis simply
come for the accounting  Payable expenses
period  Receivable income  To adjust the expenses payable
 To adjust receivable income
8.4 Adjusts bad debts  Bad debts 03
for the period  Written off bad debts  Explain bad debts
 Bad debt expense
 Explain how a bad debt is written off
 Decrease in assets because of bad debts
 States the double entry regarding the
 Fixed assets depreciation adjustment of bad debts
 Competency Competency Level Content
8.5 Depreciation of  Long term assets (PPE) depreciation
Long Term Assets  Reasons for the depreciation of assets
relative to the accounting
 Straight line depreciation method
period
 Provision for depreciation account
 Maintenance of depreciation account
(For G.C.E (O/L) only depreciation of
fixed assets, straight line method and
recording depreciate is adequate)
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8.6 Discloses the finan-  The Balance sheet/Statement of financial
cial position and profit- position.
ability of the Business.
 Equity
 Current Liabilities
 Non current Liabilities
 Current assets
 Non current assets
 Trading, Profit and Loss account
(Income statement) and the Balance sheet/
Statement of financial position..
Learning Outcomes No. of
Periods
 Adjusts bad debts 05
 State causes for the depreciation of
Property, Plant and Equipment (PPE)
 Calculate depreciation according to the
straight line depreciation method
 Account for depreciation based on a
provision for depreciation account
 Describe the impact of depreciation
expenses on profits and assets
07
 State the capital in the statement of Financial
Position
 Classify items of Financial Position as current
and non-current
 Prepare Statement of Financial Position
with adjestments
 Competency Competency Level Content Learning Outcomes No. of
Periods
8.7 Prepares the Re-  Non-profit making organizations  Explain a non profit making organization 05
ceipt and payment  Aims of Non-profit making organizations  State the objectives of non-profit making
account/cash account of organization
 Financial statements of non-profit making
a Non-profit making
organizations  Name the financial statements of a non-
organization profit making organization
 Receipts and payments account
 Shows the aims of preparing receipts and
 Income and expenditures account
payments account/cash account
 Prepare the receipts and payment account/
cash account
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8.8 Prepars the In- 04

 Income and Expenditures Account/  Explain the Income and expenditure
come and Expenditure Income Statement
account/Income statement
account/Income State-
 Surplus or Deficit  State the need of preparing an Income and
ment of a non profit mak-
ing organization. Expenditures Account/Income Statement
 Prepare the Income and Expenditures/
Account/Income Statement
 Compute the surplus or deficit
 Competency Competency Level Content Learning Outcomes No. of
Periods
8.9 Prepares a  Production cost  Explain production cost 10
statement of Manufactur-  Prim cost  Name and Explain the elements of
ing cost production cost
 Direct material cost
 Calculate prime cost
 Direct labour cost
 Other direct expenses  Calculate production over heads

 Production overheads  Calculate unit cost of product

 Indirect material cost  Determine the selling price of a unit
 Indirect labour cost  Presents how to compute selling price using
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a spreadsheet or a suitable method.

 Other indirect expenses
 Unit cost
 Profit margin per unit
 Sales price per unit
 Introduction to the calculation of sales
price using spreadsheet or a suitable
method.
 Competency Competency Level Content Learning Outcomes No. of
Periods
9. Makes 9.1 Inquires about the  Introduction to Investment  Explain the importance of Investment 10
appropriate 05
importance of the invest-  Different means of Investment  Show different means of investment
decisions
inquiring into ment.
 Savings Accounts and Fixed  State the basic factors to be considered in
investments. Deposits selecting an appropriate investment
 Purchase of Property
 Invest in share market
 Selection of an appropriate investment
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9.2 Inquires about the  Introduction to investing in the Share  Show the importance of Investing in the 05
Market Share Market
importance of investing in
the share market.  Means of Share Market investment  Show the importance of the purchase of
 Purchase of Ordinary shares ordinary shares
 Purchase of Treasury Bills  Show the importance of purchasing Treasury
Bills
Importance of the securities and
exchange commission.

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