LEARNING AND TEACHING PROGRAMME. STUDEN T ACTIVIT Y Introduction of the course/orientation TEACHING FOCUS

LEARNING AND TEACHING PROGRAMME Department/Subject/Level: Commerce/ Accounting/ Year 11

Teacher Name: Dinesh Prasad KEY

LEARNI NG AREA

SOCIETY AND ECONOMIC DEVELOPMENT

Strand 1

1.1 PERSONAL FINANCE 1 TERM/

WEEK

CONTENT LEARNING OUTCOME

CONTENT (MINI LEARNING OUTCOME)

LESSONS LEARNING AND TEACHING FOCUS

STUDEN T ACTIVIT Y

STRATEGI ES

(How to teach)

REFEREN CE/

RESOURC E

Assessment REMA RKS

No# Time (min s) 1

Week 1

Introduction of the course/Orientation Sub -

Strand

Personal Money Management

2& 3

AC11.1.1.1 Explore the process of developing and amending a personal budget to reflect changing circumstances

1. Describe the

differences between the types of Income and Expenses.

2. Prepare a personal budget using various time scales.

3. Explain how the factors affecting take home pay may affect the budget.

2

4

180

240

Budget Income-, Expenses- Variable, Fixed, Savings,

Balance, Deficit.

Income-, Expenses- Variable, Fixed, Savings,

Balance, Deficit Conversion table –weekly,

fortnightly,

Actively participa te in class discussio n

Do class activities

Group work -

Individua l

Research

Brainstor m

Text book:

Year 11 Accounti ng

Homework

Topic test

worksheets

monthly,

quarterly, yearly budget for Individual and budget for a family.

Gross pay, deduction types.

Hours of work and over time.

Class discussio n

4. Modify the budget to reflect changing goal and

circumstances

2 120 Modify Goal – SMART.

Modify the budget – changing the circumstances – income, expenses, and goal.

Participa te in class discussio n.

Attempt the

activities.

Brainstor m

Text book:

Year 11 Accounti ng

Formative and summative

AC11.1.1.2 Investigate the forms of savings by different

cultural groups in Fiji

1. Describe the saving systems for the different cultural groups.

2. Discuss how the strength in each could be adopted for effective personal money management.

2 120 Savings systems Cultural groups – strengths and weakness.

Share and care (“solesolevaki” ,

“mil

karkaamkarna”) Prioritizing and Reciprocating.

Actively participa te in class discussio n

Do class activities

Group work -

Individua l

Research

Brainstor m

Text book:

Year 11 Accounti ng

Formative and summative

Sub – 1.2Stra nd

Personal Income Tax

4 AC11.1.2.1 Evaluate Personal

1. Describe the differences

2 120 PAYE, Social Responsibility Tax(SRT)-Final

Problem solving - activity

Class presentat ion

Text

book: Formative and

summative Short

test

20%

Income Tax in Fiji

between Pay As You Earn and Social Responsibility Tax

Withholding Tax, Tax Rate

Threshold Double Taxation

Year 11 Accounti ng

2. Describe the obligation of the different parties involved in Taxation

1 60 Employee Obligation-TIN Registration;

Employer Obligation; Fiji Revenue and services Obligations ; Penalties, Offences

Actively participa te in class discussio n

Do class activities

Brainstor m

Text book:

Year 11 Accounti ng

Formative and summative

3. Calculate personal income tax from different income levels

2 120 PAYE,SRT, Resident/Non Resident, Threshold, Tax Forms ,lodgement procedure,

Allowances, Chargeable Income, Payable, Tax Refund, Redundancy Payment , expenses

deductible for tax purposes

Participa te in class discussio n.

Class activities

Text book:

Year 11 Accounti ng

Formative and summative

STRAN D 2

NATURE, PURPOSE , SCOPE AND ENVIRONMENT OF ACCOUNTING

Sub - Strand 2.1

Accounting Theory

8-9 AC 11.2.1.1 Evaluate the nature of Accounting and the bodies responsible for financial reporting in Fiji.

1. Describe the history, nature, purposes and functions of Accounting

3 180 Accounting; History, Nature, Purpose, Function, Role of Accountants

Users of Accounting Information;

Reasons for usage

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h

Brainsto rm

Text book:

Year 11 Accounti ng

Formative and summative

2. Discuss the specialized fields of Accounting 3. Discuss the nature and functions of authorities that regulate accounting, auditing and taxation professions in Fiji

2 120

Specialized Fields Accounting

Cost, Management, Financial, Social, Forensic,

Government, Auditing, Tax Accounting Professional

accounting, auditing and taxation bodies.

Fiji Institute of Accountants, Institute of Auditors in Fiji,

Tax Agents Board

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h

Brainsto rm

Text book:

Year 11 Accounti ng

Formative and

summative

Fiji Revenue and Customs Services 10

AC 11.2.1.2 Examine the Accounting

Concepts/Principle s/Convention inherent in Accounting and Characteristics of Accounting data needed for effective reporting

1. Define the concepts/princ iples and conventions inherent in accounting

2 120 Legal Entity Double Entry Historical Cost Matching Periodicity Business Entity Going Concern, Money

Measurement Realization, Consistency, Conservatism, Materiality Accruals ,Dual Aspect

Substance over Form

,Disclosure (definition only

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h

Brainsto rm

Class presenta tion

Text book:

Year 11 Accounti ng

Formative and summative

2. Describe the principles and conventions inherent in accounting 3. Discuss the

characteristics of Accounting data

3 180 Relevance, Understandabi lity

Verifiability, Neutrality, Timeliness, Reliability,

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h

Text book:

Year 11 Accounti ng

Formative and

summative

Quantifiability, Comparability

Brainsto rm

Sub - Strand

Careers in Accounting 11 AC11.2.2.1

Evaluate the career

opportunities in the Specialised Fields of Accounting

1. List the employment opportunities available in the specialized fields of Accounting

3 180 Career

Opportunities for Accounting Auditing and Taxation Employment and the Employment Institutions

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h Researc h Work Group presenta tion

Text book:

Year 11 Accounti ng

Formative and summative

2. Discuss the requirements for a career in the specialized fields of Accounting

Requirements :Academic Qualifications Training Institutions Training Programs Training Costs Finance Sources for training

-Personal Traits :Communicate effectively, analytical

Actively particip ate in class discuss ion Do class activitie s

Do more researc h

Group work -

Individu al Researc h Researc h Work Group presenta tion

Text book:

Year 11 Accounti ng

Formative and

summative

Good Public

relations, Computer literate

3. Identify the potential entrepreneuria l activities that one can

concentrate on as a career option

2 120 Enterprising- Traditional, skilled Demand Based – Capital sources, Goods/Services/

Requirements

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h Researc h Work Group presenta tion

Text book:

Year 11 Accounti ng

Formative and summative

STRAN D 3

FINANCIAL ACCOUNTING AND THE ACCOUNTING PROCESS I Sub –

Strand 3.1

Business Ownership and Sole Proprietor Formation

12

AC11.3.1.1 Explore the different forms of business ownership

1. Describe the different types of business ownership 2. Discuss the

differences in the final accounts 3. Describe

different forms of ownership 4. Describe the

advantages and

disadvantages 1

1

2 60

60

120

Sole Traders Company Partnership Corporations Non trading

Co-operatives, - formation, ownership, adv, disad

Differences in Final accounts

Proprietorship, Partnership-Owners’

Actively particip ate in class discuss ion Do class activitie s

Do more researc h

Group work -

Individu al Researc h Researc h Work Group presenta tion

Text book:

Year 11 Accounti ng

Formative and

summative

of business ownership 5. Calculate

certain amounts

6. Identify the components of the share capital.

Equity-Capital and Current Account, Company-

Shareholder’s Equity; Share Capital and Reserves, Non

AC 11.3.1.2 Evaluate the legislations governing the registration of Sole Proprietors in Fiji

1. Describe the legal

procedures for formation of sole

proprietors in Fiji.

1 60

Business Registration Procedures Organisations Involved , registration requirements

Actively particip ate in class discuss ion Do class activitie s

Do more researc h

Group work -

Individu al Researc h Researc h Work Group presenta tion

Text book:

Year 11 Accounti ng

Formative and summative

13

REVISION

14 TERM ONE END EXAMINATION

Term 2

Week 1 Paper distribution and discussion of the paper

Sub – Strand 3.2

Accounting Equation 2 AC 11.3.2.1

Analyze the effects of transactions on the different types

of Accounting Equations and write possible transactions from given effects

1. Describe the different types of transaction 2. Show

accurately their effects on different types of Accounting Equations 3. Deduce and

write possible transactions from

accounting equations

2

3

120

180

Transactions ; Cash Credit

Revenue Capital Double Entry Accounting Equation

simple, extended, perpetual/ periodic system, with/

without bank overdraft, trading / service businesses

Actively particip ate in class discuss ion Do class activitie s

Do more researc h

Group work -

Individu al Researc h Researc h Work Group presenta tion

Text book:

Year 11 Accounti ng

Formative and

summative Short test 20%

Sub – Strand 3.3

Analysis Chart

3 AC 11.3.3.1 Analyse

transactions in the Analysis Chart using the Double Entry Concept to process financial information accurately

1. Prepare

Analysis Chart to analyze transactions of different types of businesses

5 300 Double Entry rule, Analysis Chart:

Different columns;

Transactions, Accounts Affected, Inc/Dec, Dr/Cr, With/Without Bank Overdraft,

trading/service businesses

Actively particip ate in class discuss ion Do class activitie s

Do more

Group work -

Individu al Researc h Researc h Work Group presenta tion

Text book:

Year 11 Accounti ng

Formative and

summative

researc h Sub –

Strand 3.4

Ledger and Trial Balance

4 AC 11.3.4.1 Explore the procedure in using the Analysis Chart to prepare ledger

accounts, Trial Balance and discuss the errors not revealed by a Trial Balance.

1. Prepare general ledger accounts from transactions and analysis chart

2. Draw up Trial Balance 3. Identify the

types of errors in the trial balance.

3

2

180

120

Ledger – T Form, Three Column Trial Balance-T Form

Three Column Form Errors not revealed by the Trial balance Error of Principle Error of Commission Error of Omission Compensating Errors

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h

Brainsto rm

Text book:

Year 11 Accounti ng

Formative and summative

STRAN

D 4 MEASURING PERIODIC INCOME – 1 Sub –

Strand 4.1

Balance Day Adjustments

5

AC 11.4.1.1 Examine balance day adjustments and account for them in the financial records of the business

1. Explain the meaning and purposes of balance day adjustment and discuss different types of adjustment

2 120

Meaning of balance day or date, Balance Day Adjustments Prepayments and accruals

depreciation, bad and doubtful debts,

Actively particip ate in class discuss ion Do class

Group work -

Individu al Researc h

Text book:

Year 11 Accounti ng

Formative and

summative

Closing stock Depreciation - Straight Line, Reducing Balance only

activitie

s Brainsto

rm

1. Account for Balance Day Adjustments in the

Accounting Equation, journal, ledger and final accounts(extra ct only)

3 180

Account for Balance Day Adjustments in:

Accounting

Equation, journal , ledger, final account (extract)

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h

Brainsto rm

Text book:

Year 11Accou nting

Formative and summative

4.2 Final account s 6/7

AC 11.4.2.1 Prepare fully classified statement of financial performance and position from trial balance with adjustments

1. Explain the purpose of various accounting reports.

2. Prepare fully classified financial statements from trial balance.

10 600 Features of good accounting report, need for

comparative statements, limitations of traditional reports.

Statement of financial performance, financial position, other income, operating expenses, other expense.

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h

Brainsto rm

Text book:

Year 11Accou nting

Formative and summative

STRAN D 5

ANALYSIS AND INTERPRETATION OF FINANCIAL STATEMENTS –I

Sub – Strand 5.1

Analyzing Accounting Reports –Vertical

8/9

AC 11.5.1.1 Analyze the financial reports of a Sole Proprietor to assess its performance

1. Explain the meanings, purpose,

importance and limitations of ratios,

percentages and dollar amounts

10 600 Ratio-Meaning, purpose and

importance of each, limitations of ratios, percentages and dollar amounts

Profitability,

Liquidity, Financial Structure,

Management Effectiveness, Gross Profit ratio, Net Profit ratio, Rate of return on total assets, rate of return on owner’s equity ,Expenses ratio, Mark up ratio, Working Capital ratio, Quick Asset ratio, Debt ratio, Equity ratio, Debt to Equity ratio, Rate of Stock Turnover, Accounts receivable turnover Vertical or on Yearly Basis only

Actively particip ate in class discuss ion Do class activitie s

Group work- Individu al Researc h

Brainsto rm

Text book:

Year 11 Accounti ng

Formative and summative

STRAN D 6

SYSTEMS FOR IMPLEMENTING THE ACCOUNTING PROCESS- I Sub -

Strand 6.1

Accounting System and Internal Control

10/11 AC 11.6.1.1 Explore the factors which influence the design of an accounting system and the internal control procedures for its effectiveness

1. Define the nature of accounting system.

2. Describe the purposes of various accounting sub-systems.

5 300

Nature of Accounting system and sub- systems, factors affecting design of accounting system, Design of :Source Documents, Journal ,Ledger & Final Accounts

Chart of Account, Manual of Accounts

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h

Brainsto rm

Text book:

Year 11 Accounti ng

Formative and summative

3. Discuss the Internal Control Principles to be considered for an effective system

5 300

Internal control, aims, characteristics or principles,

internal control procedures

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Group work -

Individu al Researc h Brainsto rm

Text book:

Year 11 Accounti ng

Formative and summative

12 REVISION

13/14 TERM TWO END EXAMINATION

Sub - Strand 6.2

Sub System- Cash

Term 3 Week 1/2

AC 11.6.2.1 Examine the internal control procedures over cash and banking

1. Describe the methods of Internal controls over cash and banking

2 120 Significance of cash, source documents

associated with cash and banking

Internal Control over -Cash and Banking

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h Brainsto rm

Text book:

Year 11 Accounti ng

Formative and summative

1. Evaluate how the Petty Cash System works.

3 180 Petty Cash Imp rest System-Definition, - Internal Control Procedures, Petty Cash Book, Journal, Ledger, Final

accounts -extract

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Group work -

Individu al Researc h Brainsto rm

Text book:

Year 11 Accounti ng

Formative and summative

1. Reconcile, prepare and present periodic bank reconciliation statement

5 300 Items of differences, errors in the cash journals and bank statements

Bank Reconciliation Statement,

significance of honesty in dealing with cash and banking.

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h Brainsto rm

Text book:

Year 11 Accounti ng

Formative and

summative

Sub - Strand 6.3

Sub System- Inventory

3/4 AC 11.6.3.1 Evaluate the Internal Control

procedures over inventory

1. Describe the internal control

procedures for the purchases sales and storage of inventories

5 300 Inventory-Definition, Internal Control procedures over Sales, Purchases, Storage and Return, Inventory

Source Documents associated with inventories

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h Brainsto rm

Text book:

Year 11 Accounti ng

Formative and summative

1. Discuss the nature of physical, periodic, perpetual and standard cost methods of valuing inventories And complete the inventory cards using different methods

2

3

120

180

Perpetual and Periodic, Inventory Costing methods :LIFO, FIFO, WAC and Standard Costing

Calculate from the stock cards ;effects of different methods on closing stock, sales ,gross profit, working capital and proprietorship

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h Brainsto rm

Text book:

Year 11 Accounti ng

Formative and

summative

Sub – Strand 6.4

Sub-system- Fixed Assets

5 AC 11.6.4.1 Explore the Internal control procedures over Fixed Assets

1. Describe the internal controls relating to the purchases, disposal, trade-ins and storage of fixed assets

2 120

Fixed Assets definition, internal control over - purchase, sale, return and storage, -documentation Capital expenditure, Fixed Asset register Honesty-handling and reporting

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h

Brainsto rm

Text book:

Year 11 Accounti ng

Formative and summative

1. Compute and record

depreciation using different methods and account for its disposal.

3 180 Depreciation methods-Fixed Installment

Diminishing Value, Account for Fixed Assets –Purchase, Depreciation(using different methods ) Disposal-Journal, Ledger, Final Accounts

Actively particip ate in class discuss ion Do class activitie s

Group work -

Individu al Researc h

Brainsto rm

Text book:

Year 12 Accounti ng

Formative and summative

6 Sangam common trial exam

7 Remedial

8 Revision

9/10 FIJI YEAR 11 STANDARD EXAMINATION