WK

NO.

L/

NO

TOPIC/

SUBTOPIC

OBJECTIVES

ACTIVITIES

         /

RESOURCES

1

1

Source documents

Introduction.

Cash receipt.

Define a source document.

Give examples of source documents.

Describe features of a cash / cheque receipt.

Exposition of new terms;

Brain storming;

Brief discussion.

Cash receipts

New

Inventor

K.L.B.

BK IV.

Pg 1-2

2

Invoice.

Probing questions on details of an invoice;

Discussion.

3

Debit note and credit note.

Explain purposes of credit notes and credit note.

Brief discussion on features of the notes.

Debit note and credit note.

4

Payment voucher & petty cash voucher.

Discussion.

2

1

Books of original entry.

Sales journal.

Prepare a sales journal given credit sales.

Brief discussion;

Illustrated example.

Sales journal.

Pg. 8-10

2

Posting from sales journal to sales ledger and general ledger.

2

3

Sales returns journal.

Prepare a sales return journal.

Discussion on its features Illustrated example: preparing a sales journal given a number of transactions.

Pg. 13-14

4

Posting entries to the general ledger and sales ledger.

Supervised practice.

Written exercise.

3

1

Illustrated example on preparing a purchases journal given a number of transactions.

Supervised practice.

2

Purchases return journal.

Post entries from the journal to the purchases return  ledger.

Illustrated example on preparing a purchases journal given a number of transactions.

Supervised practice.

3

Post entries from the journal to the general ledger, cash book and debtors ledger.

Supervised practice.

4

Post cash payment journal entries to ledger accounts correctly.

Illustrated example;

Written exercise.

Pg. 22-23

4

1

The petty cash book with imprest system.

Post entries from the book to ledger accounts.

Group assignments.

2

Analysis cash book.

Worked examples;

Discussion;

Written exercise.

3

General journal.

Supervised practice.

4

Transactions passed through the general journal.

Detailed discussion.

5

1

Brief discussion;

Topic review & summary;

Review of written exercises.

2

Introduction.

Trading Period.

Give examples of financial statements.

Explain the concept of a trading period of a business.

3-4

Gross Profit

 or Loss.

Supervised practice;

Group assignments.

6

1-2

The Trading Account.

Illustrate trading accounts with worked examples.

Worked examples.

Supervised practice.

Assignment.

3-4

Net Profit

or

Loss.

Determine net profit or loss.

Worked examples;

Supervised practice;

Written exercise.

1-2

Profit or loss account.

Worked examples;

Supervised practice;

Written exercise.

3-4

Profit and loss account from a trial balance.

Written exercise.

7

1-2

Worked examples and Exercises.

3-4

Worked examples.

8

1-2

3

Types of Capital.

Teacher’s explanations.

4

Types of capital in a balance sheet.

Written exercise.

9

1

– Mark-up.

Define the term mark-up.

Explain why mark up is important in a business.

Determine business mark up.

Q/A: definition of a ratio.

Teacher exposes and explains the new concepts then leads in an example.

2

– Margin.

Explain why margin is important in a business.

Determine business margin.

Worked examples;

Written exercise.

3-4

Using mark-up or margin to prepare a trading account.

Illustrative examples.

Pg.72-74

10

1

Explain importance of current ratio.

Calculate current ratio given various balances.

Discussion.

10

2

Calculate the rate of stock turn over.

Discussion: implications of rate of stock turnover on a business.

3-4

Stock turn-over and trading account.

11

Return on Capital.

Calculate return on capital.

Explain implications of return on capital on a business.

simple problem solving;

Assignment.

2-3

Acid test or quick ratio.

Simple calculations.

4

Topic assessment.

Exercise review;

Problem solving.

Pg 82-90

12-13

WK

NO.

L/

NO

TOPIC/

SUBTOPIC

OBJECTIVES

ACTIVITIES

         /

RESOURCES

1

1-2

MONEY & BANKING

Introduction.

Barter trade.

Explain the concepts of money and banking.

Describe merits and demerits of barter trade.

Brain storming;

Brief discussion.

Pg 91-94

3

Money system

Characteristics of money.

4

Functions of money.

Discussion.

2

1

Demand for money (liquidity preference)

Explain the motives that influence the desire to keep money instead of other assets.

Exposition and probing questions.

2

2

Supply of money.

Banking System.

Identify various monetary items that are in circulation in an economy.

Identify elements of banking system in Kenya.

Expository approach

Analyse the hierarchy of banks in Kenya.

Give examples of banks in each category.

3

Development of Banking.

Commercial Banks.

Identify methods employed by commercial banks to generate profits.

Identify services offered by commercial banks.

Exposition and probing questions;

Detailed discussion.

4

(contd)

3

1

State functions of non-banking financial institutions.

Outline differences between commercial bank and NBFI.

Brief discussion;

Probing questions.

2

Functions of the Central bank.

Guided discussion.

3

e-banking.

Discussion.

4

Oral questions;

Exercise review.

4

PUBLIC FINANCE

Purpose of public  finance.

Sources of public finance.

Differentiate between internal and external borrowing.

Brainstorming.

Brief discussion.

Business Magazines.

Pg.125-7

2

External borrowing.

Identify types of govt’s expenditure.

Discussion.

3

Government expenditure.

Principles of public expenditure.

Outline principles of public expenditure.

4

Taxation.

Identify methods that the give reasons for taxation.

Explanations.

5

1

Principles of taxation.

2

Impact and incidence of tax.

Classification of taxes on basis of structure.

Classify taxes according to structure.

State merits and demerits of taxing people according to structure.

Exposition of new ideas;

Give examples and explanations.

3

Classification of taxes on basis of impact on the tax payer.

– Direct tax.

State and explain merits and demerits of direct tax.

4

Classification of taxes on basis of impact on the tax payer.

– Indirect tax.

6

1

Topic summary / review

2

INFLATION

Introduction

Consumer

Price index

Define the terms inflation and deflation.

Define the term CPI.

Compute CPI.

Guided discussion and computations.

Newspaper cuttings & relevant magazines.

145-6

3

Compute the price index using the weighted average method.

Supervised practice.

4

Causes of demand- pull inflation.

Explain the term demand-pull inflation.

Explain causes of demand –pull inflation.

Expository and descriptive approaches.

Pg. 149-150

7

1

Explain the causes of cost-pull inflation.

7

2

Levels of inflation &

Effects of inflation on the economy of a country.

Outline positive and negative effects of inflation.

Discussion..

154-6

3

Topic summary.

8

3

Types of International Trade.

Advantages and disadvantages of International Trade.

Distinguish bilateral trade from multilateral trade.

State advantages and disadvantages of International Trade.

Brainstorming and guided discussion.

Q/A & guided discussion

Newspaper cuttings & relevant magazines.

Pg. 163-4

4

Distinguish favourable trade from unfavourable terms of trade.

9

1

9

2

(Current A/C)

Analyse components of balance of payments.

(Current A/C).

3-4

(Capital A/C)

Exposition of new concepts and detailed discussion.

10

1

Illustrative examples.

Assignment.

2

3

Disequilibrium of Balance of payments.

Correction of balance of payment disequilibrium.

Identify causes of Disequilibrium of Balance of payments.

Outline methods of correcting of balance of payment disequilibrium.

Exposition of new concepts & explanations;

Discussion.

Pg. 172-5

4

Terms of sale in international trade.

Probing questions;

Discussion.

11

1-2

Documents used in international trade.

Give examples of relevant documents.

3-4

IMF, ADF and World bank.

Trace a background to the growth of specific

development funds.

Discussion.

12-13

WK

NO.

L/

NO

TOPIC/

SUBTOPIC

OBJECTIVES

ACTIVITIES

/

RESOURCES

1

1

ECONOMIC INTEGRATION

Forms & importance of economic integration.

Identify forms of economic integration.

Outline forms of economic integration.

Analyze importance of economic integration.

Enumerate advantages and disadvantages of free trade.

Probing questions

& guided discussion.

2-3

Trade restrictions.

Outline methods of trade restriction.

4

Methods of trade restrictions.

2

1

Advantages and disadvantages of trade restrictions.

2

Trends in international trade.

3-4

Growth and development.

Identify structural changes that may accompany economic development.

3

1

Underdevelopment.

2

Factors for underdevelopment.

3

Development planning.

Give reasons why development planning is necessary.

4

Problems encountered in development planning.

Quiz.

4-6

6-9