Lesson Notes

SS1 Financial Accounting First Term Scheme Of Work

The SS1 Financial Accounting First Term Scheme Of Work for (Senior Secondary schools one) in Nigeria has been made unified as approved by the ministry of education.

Being unified means all schools be it private or government-owned are to adopt the same scheme as it is approved for preparing students for Financial Accounting exams in the West African Senior Secondary Certificate Examination.

The government-approved scheme of work for SS1 Financial Accounting First Term Scheme Of Work for all topics is now available on our platform.

This unified (used in all states) scheme of work covers all topics ranging from first term to third term which starts with introduction and revision of the previous term, midterm breaks, revision, examination, and vacation.

The SS1 Financial Accounting First Term scheme of work government-approved subjects for all primary schools in Nigeria makes this scheme of work very important.


It is the government revised scheme for all topics for SS1 Computer and it is applicable to all states. That is, schools (Private and government-owned) operating in all states in Nigeria are advised to make use of this scheme of work as it contains the approved curriculum.

SS1 Financial Accounting First Term Scheme Of Work

Weeks Topics Content
1. Book Keeping and Accounting
  • Meaning of Book Keeping
  • Meaning of Accounting
  • History of Accounting in Nigeria
  • Definition of Accountant
  • Roles of an Accountant
  • Types of Accountants
  • Accounting as a person
2. Book Keeping and Accounting II
  • The need for Book-Keeping and Accounting
  • The importance of Book-Keeping
  • Users of Accounting Information
  • Qualities of Accounting information
  • Limitation of Accounting Information
3. Ethics of Accounting
  • Meaning of Ethics
  • Meaning of Accounting Ethics
  • Qualities of Accountants and Accounting Ethics
  • Benefits of Accounting Ethics to the Accounting Profession and the Public (society)
4. Principles and Practice of Double Entry
  • The Concept of Double Entry System
  • Review of Double Entry with comprehensive illustration
5. Accounting Concept and Convention
  • Meaning of Accounting Concept
  • Major Accounting Concept
  • Accounting Conventions
6. Journals and Cash books
  • General Journal
  • Classes of Entries
  • Errors Affecting the Agreement of the trial balance
  • Introduction to Cash Book
7. Analytical Cash Book
  • Two Column Cash Book
  • Contra Entries
  • Three Column Cash Book
  • Discount
  • Analytical Petty Cash Book
8. Bank Reconciliation Statement
  • Introduction to Bank Documents
  • Definition of Bank Statements
  • Meaning of Bank Reconciliation Statement
  • Causes of Discrepancies/Disagreements between Cash Book and Bank Statement
  • Interpretation of Bank Statement
9. SS1 Financial Accounting First Term Examination Mock Test

Lesson tags: Financial Accounting Lesson Notes, Financial Accounting Objective Questions, SS1 Financial Accounting, SS1 Financial Accounting Evaluation Questions, SS1 Financial Accounting Evaluation Questions First Term, SS1 Financial Accounting First Term, SS1 Financial Accounting Objective Questions, SS1 Financial Accounting Objective Questions First Term

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