SSS2 Accounting Curriculum Overview
This comprehensive Accounting scheme of work for SSS2 covers depreciation methods, manufacturing accounts, partnership accounts, non-profit organizations, company formation, and financial systems essential for Senior Secondary School 2 students in Nigeria.
FIRST TERM
Depreciation of Assets
- 1. Straight line method
- 2. Reducing balance or written down value method
Manufacturing and Partnership Account
- 1. Manufacturing Account
- 2. Profit and Loss Appropriation
- 3. Partnership Capital Account
- 4. Current Account
- 5. Admission of a new partner and Goodwill Account
SECOND TERM
Accounts of Non-Profit Making
- 1. Receipts and payment accounts, income and expenditure Accounts
Special Accounts
- 1. Single Entry (incomplete Records)
Formation of Company and the Nigerian Financial System
- 1. Formation of a Company
- 2. Private and Public Companies
- 3. Quoted and unquoted Companies
THIRD TERM
Financial System
- 1. Issue of Shares
- 2. Loan Capital
- 3. Methods of missing funds from the capital market
- 4. Requirements for accessing the capital markets
- 5. Benefits of Capital Market
Learning Objectives:
Students will develop advanced accounting skills, understand depreciation methods, learn about partnership and manufacturing accounts, and gain knowledge of company formation and financial systems essential for professional accounting studies.
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