SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Source documents Introduction. Cash receipt.
Invoice.

By the end of the lesson, the learner should be able to:




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
Invoices.

New
Inventor
K.L.B.
BK IV.
Pg 1-2

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Debit note and credit note.
Payment voucher & petty cash voucher.

By the end of the lesson, the learner should be able to:
Define a debit note and a credit note.
Explain purposes of credit notes and credit note.

Examine a debit note and a credit note.
Brief discussion on features of the notes.

Debit note and credit note.
Payment voucher & petty cash voucher.

New Inventor K.L.B. BK IV. Pg. 5-6

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Books of original entry. Sales journal.
Posting from sales journal to sales ledger and general ledger.

By the end of the lesson, the learner should be able to:
Highlight features of a sales journal.
Prepare a sales journal given credit sales.

Brief discussion;
Illustrated example.

Sales journal.
Sales ledger.

New Inventor K.L.B. BK IV. Pg. 8-10

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Sales returns journal.
Posting entries to the general ledger and sales ledger.

By the end of the lesson, the learner should be able to:
Explain purpose of a sales returns journal.
Prepare a sales return journal.

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

Sales returns journal sample page.
Sales return journal sample page.

New Inventor K.L.B. BK IV. Pg. 13-14

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Purchases journal.
Purchases return journal.

By the end of the lesson, the learner should be able to:
Prepare a purchases journal given some transactions.

Exposition of new concepts;
Illustrated example on preparing a purchases journal given a number of transactions.
Supervised practice.

Purchases journal sample page.
Purchases return journal sample page.

New Inventor K.L.B. BK IV. Pg. 15-17

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Cash receipt journal.

By the end of the lesson, the learner should be able to:
Identify features of a cash receipt journal.
Post entries from the journal to the general ledger, cash book and debtors ledger.

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

Cash receipt journal.

New Inventor K.L.B. BK IV. Pg. 20-21

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Cash payment journal.
The petty cash book with imprest system.

By the end of the lesson, the learner should be able to:
Prepare a cash payment journal.
Post cash payment journal entries to ledger accounts correctly.

Exposition of new concepts;
Illustrated example;
Written exercise.

Illustrated cash payment ledger.
Illustrated petty cash book.

New Inventor K.L.B. BK IV. Pg. 22-23

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Analysis cash book.
General journal.

By the end of the lesson, the learner should be able to:
Record transactions in an analysis cash book.

Exposition of new concepts;
Worked examples;
Discussion;
Written exercise.

Cash analysis sample page.
General journal sample page.

New Inventor K.L.B. BK IV. PG. 32-36

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Transactions passed through the general journal.
Importance of journals.

By the end of the lesson, the learner should be able to:
Identify transactions that are passed through the general journal.

Exposition of new concepts;
Detailed discussion.

text book

New Inventor K.L.B. BK IV. Pg. 37-40

FINANCIAL STATEMENTS

Introduction. Trading Period.

By the end of the lesson, the learner should be able to:


Give examples of financial statements.
Explain the concept of a trading period of a business.

Brainstorming, Q/A & Explanations.

text book

New Inventor K.L.B. BK IV. Pg. 54

FINANCIAL STATEMENTS

Gross Profit or Loss.

By the end of the lesson, the learner should be able to:
Determine the gross profit or loss of a business.

Go through worked examples using various approaches.
Supervised practice;
Group assignments.

charts

New Inventor K.L.B. BK IV. Pg. 55-57

FINANCIAL STATEMENTS

The Trading Account.

By the end of the lesson, the learner should be able to:
Define the term trading account.

Illustrate trading accounts with worked examples.

Q/A to review the process of obtaining gross profit or loss.
Worked examples.
Supervised practice.
Assignment.

text book

New Inventor K.L.B. BK IV. Pg. 57-60

FINANCIAL STATEMENTS

Net Profit or Loss.

By the end of the lesson, the learner should be able to:
Define the terms net profit net loss.
Determine net profit or loss.

Brief discussion on distinction between gross and net profit / loss;
Worked examples;
Supervised practice;
Written exercise.

chart

New Inventor K.L.B. BK IV. Pg. 60-62

FINANCIAL STATEMENTS

Profit or loss account.

By the end of the lesson, the learner should be able to:
Prepare profit or loss accounts.

Detailed discussion;
Worked examples;
Supervised practice;
Written exercise.

text book

New Inventor K.L.B. BK IV. Pg. 62-67

FINANCIAL STATEMENTS

Profit and loss account from a trial balance.

By the end of the lesson, the learner should be able to:
Prepare profit or loss accounts from a trial balance.

Supervised practice;
Written exercise.

magazines,charts

New Inventor K.L.B. BK IV.  pg 62-67

FINANCIAL STATEMENTS

The Balance Sheet.

By the end of the lesson, the learner should be able to:
Prepare a balance sheet after making adjustments on capital for specific items.

Exposition of adjustments made on capital for net profit, drawings and additional capital.
Worked examples and Exercises.

charts

New Inventor K.L.B. BK IV. Pg. 67-68

FINANCIAL STATEMENTS

The Balance Sheet from a trial balance.

By the end of the lesson, the learner should be able to:
Prepare a balance sheet from a trial balance.

Q/A to review a trial balance;
Worked examples.

text book

New Inventor K.L.B. BK IV. Pg. 67-68

FINANCIAL STATEMENTS

Types of Capital.
Types of capital in a balance sheet.

By the end of the lesson, the learner should be able to:
Outline types of capital.

Probing questions;
Teacher?s explanations.

text book

New Inventor K.L.B. BK IV. Pg. 68

MONEY & BANKING

Introduction. Barter trade.

By the end of the lesson, the learner should be able to:


Explain the concepts of money and banking.
Describe merits and demerits of barter trade.

Brain storming;
Brief discussion.

text book

New Inventor K.L.B. BK IV. Pg 91-94

MONEY & BANKING

Money system Characteristics of money.

By the end of the lesson, the learner should be able to:
State characteristics of money.

Brainstorming and superficial discussion.

text book

New Inventor K.L.B. BK IV. Pg 95-96

MONEY & BANKING

Demand for money (liquidity preference)
Supply of money. Banking System.

By the end of the lesson, the learner should be able to:
Define the term demand for money.

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

Q/A: review the term demand.

Exposition and probing questions.

text book
chart,text book

New Inventor K.L.B. BK IV. Pg. 97-99

MONEY & BANKING

Development of Banking. Commercial Banks.
Services offered by commercial banks.

By the end of the lesson, the learner should be able to:
Outline a brief history on development of banking.

Identify methods employed by commercial banks to generate profits.
Identify services offered by commercial banks.

Exposition and probing questions;
Detailed discussion.

text book

New Inventor K.L.B. BK IV. Pg. 101-103

MONEY & BANKING

Non-banking financial institutions.
Functions of the Central bank.

By the end of the lesson, the learner should be able to:
Cite examples of non-banking financial institutions.
State functions of non-banking financial institutions.
Outline differences between commercial bank and NBFI.

Exposition;
Brief discussion;
Probing questions.

text book

New Inventor K.L.B. BK IV. Pg. 109-113

MONEY & BANKING
PUBLIC FINANCE

Trends in banking.
Purpose of public finance. Sources of public finance.

By the end of the lesson, the learner should be able to:
Describe banking policies on types of account, use of computers, ,ATMs, m-banking, Mpesa,
e-banking.

Brain storming;
Discussion.

chart,text book
Business Magazines.

New Inventor K.L.B. BK IV. Pg. 118-121

PUBLIC FINANCE

External borrowing.
Government expenditure. Principles of public expenditure.

By the end of the lesson, the learner should be able to:
Differentiate between reproductive debt and dead weight debt.
Identify types of govt?s expenditure.

Exposition;
Discussion.

text book
Newspaper cuttings & relevant magazines.

New Inventor K.L.B. BK IV. Pg. 127-8

PUBLIC FINANCE

Taxation.

By the end of the lesson, the learner should be able to:
Define the term taxation.
Identify methods that the give reasons for taxation.

Exposition;
Explanations.

Newspaper cuttings & relevant magazines.

New Inventor K.L.B. BK IV. Pg.131

PUBLIC FINANCE

Principles of taxation.
Impact and incidence of tax. Classification of taxes on basis of structure.

By the end of the lesson, the learner should be able to:
Explain basic principles of taxation.

text book

New Inventor K.L.B. BK IV. pg 132-3

PUBLIC FINANCE

Classification of taxes on basis of impact on the tax payer. - Direct tax.
Classification of taxes on basis of impact on the tax payer. - Indirect tax.

By the end of the lesson, the learner should be able to:
Classify taxes according to impact on the taxpayer.
State and explain merits and demerits of direct tax.

Guided discussion on direct taxes.

text book

Pg. 135-6

PUBLIC FINANCE
INFLATION

Topic summary / review
Introduction Consumer Price index

By the end of the lesson, the learner should be able to:
Tackle review question,

Problem solving.Revision;

text book
Newspaper cuttings & relevant magazines.

Pg. 142-144

INFLATION

Simple and weighted price relatives.
Types of inflation. Causes of demand- pull inflation.

By the end of the lesson, the learner should be able to:
Compute the price index using simple average of price relatives.
Compute the price index using the weighted average method.

Guided computations.

Supervised practice.

Price relative tables.
Newspaper cuttings & relevant magazines.

Pg. 147

INFLATION

Causes of cost- pull inflation.
Levels of inflation & Effects of inflation on the economy of a country.

By the end of the lesson, the learner should be able to:
Explain the concept of cost-pull inflation.
Explain the causes of cost-pull inflation.

Expository and descriptive approaches with probing questions.

Newspaper cuttings & relevant magazines.

Pg. 152

INFLATION

Controlling inflation.

By the end of the lesson, the learner should be able to:
Identify some policies adopted by the govt to reduce or control inflation.

Discussion on: control of money supply, control of demand, cost control.

Pg. 156-8