SSS1 Accounting

SSS1 Accounting

This Senior Secondary Accounting course provides comprehensive training in financial recording and reporting. Students will:

Master Core Concepts:
- Double-entry bookkeeping
- Accounting equation and cycle
- Financial statement preparation
Develop Practical Skills:
- Maintain cash books and subsidiary books
- Calculate depreciation
- Reconcile bank statements
Understand Professional Standards:
- Accounting ethics and conventions
- Career pathways in accounting

Key Features:

Progressive learning from basic bookkeeping to complex financial statements
Emphasis on Nigeria's accounting practices
Regular practical exercises for real-world application

Assessment:

Topic quizzes
Ledger and financial statement preparation
Case study analyses

Outcome: Prepares students for:

WASSCE/NECO examinations
Accounting technician certifications
Advanced studies in finance and business

View Course details

ola · January 21, 2025

SSS1 Accounting Course Content

Term 1: Fundamentals of Accounting

Lesson 1: Introduction to Accounting

Bookkeeping vs financial accounting
Importance of accounting

Lesson 2: History and Users of Accounting

Accounting information users (internal/external)
Characteristics of accounting information

Lesson 3: Accounting Process Cycle

Recording transactions → Journals → Ledger → Trial balance → Financial statements

Lesson 4: Career Opportunities

Professional bodies and ethics

Term 2: Recording Transactions

Lesson 5: Double Entry System

Source documents and subsidiary books

Lesson 6-7: Journals

Sales, purchases, returns (inwards/outwards)
Practical exercises

Lesson 8-12: Cash Books

Single, double, three-column cash books
Discounts and petty cash (imprest system)

Lesson 13-14: Posting to Ledgers

From subsidiary books to general ledger

Term 3: Financial Reporting

Lesson 15-16: Trial Balance & Concepts

Extraction rules
Accounting concepts/conventions

Lesson 17-18: Final Accounts

Trading, profit & loss accounts
Balance sheet preparation

Lesson 19-20: Adjustments

Provisions, reserves, accruals/prepayments

Lesson 21-26: Fixed Assets

Depreciation methods (straight-line, reducing balance)
Asset disposal accounting

Lesson 27-30: Special Topics

Bank reconciliation
Departmental accounts
Year-end adjustments

Course Content

SSS1 ACCT. Lesson 1: Introduction to Accounting 4 Topics | 4 Quizzes

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SSS1 ACCOUNTING: Topic 1.1 – Meaning of book keeping

SSS1 ACCOUNTING: Quiz 1.1 – Meaning of book keeping

SSS1 ACCOUNTING: Topic 1.2 – Meaning of financial accounting

SSS1 ACCOUNTING: Quiz1.2 – Meaning of financial accounting

SSS1 ACCOUNTING: Topic 1.3 – Difference between book keeping and financial accounting

SSS1 ACCOUNTING: Quiz 1.3 – Difference between book keeping and financial accounting

SSS1 ACCT: Topic 1.4 – Importance of accounting

SSS1 ACCT: Quiz 1.4 – Importance of accounting

SSS1 ACCT. Lesson 2: History of Accounting Worldwide and Nigeria 3 Topics | 2 Quizzes

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SSS1 ACCOUNTING: Topic 2.1 – Users of accounting information

SSS1 ACCOUNTING: Quiz 2.1 – Users of accounting information

SSS1 ACCOUNTING: Topic 2.2 – Internal and external users and their needs

SSS1 ACCOUNTING: Quiz 2.2 – Internal and external users and their needs

SSS1 ACCOUNTING: Quiz 2.3 – Characteristics of accounting information

SSS1 ACCT. Lesson 3: Advantages and Limitations of Accounting 6 Topics | 1 Quiz

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SSS1 ACCOUNTING: Topic 3.1 – Accounting process cycle

SSS1 ACCOUNTING: Topic 3.2 – Identifying and analyzing business transactions and events

SSS1 ACCOUNTING: Topic 3.3 – Recording in the journals

SSS1 ACCOUNTING: Topic 3.4 – Posting to the ledger

SSS1 ACCOUNTING: Quiz 3.4 – Posting to the ledger

SSS1 ACCOUNTING: Topic 3.5 – Extraction of trial balance

SSS1 ACCOUNTING: Topic 3.6 – Preparation of financial statement’s

SSS1 ACCT. Lesson 4: Career Opportunities In Book Keep and Accounting 2 Topics

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SSS1 ACCOUNTING: Topic 4.1 – Accounting professional bodies

SSS1 ACCOUNTING: Topic 4.2 – Accounting professional ethics

SSS1 ACCT. Lesson 5: Accounting Equation and Double Entry Principle 4 Topics

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SSS1 ACCOUNTING: Topic 5.1 – Purpose and function of source documents

SSS1 ACCOUNTING: Topic 5.2 – Introduction to subsidiary books

SSS 1 ACCOUNTING: Topic 5.3 – Meaning of subsidiary books

SSS1 ACCOUNTING: Topic 5.4 – Types of subsidiary books

SSS1 ACCT. Lesson 6: Sales and Purchase Journals 3 Topics | 1 Quiz

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SSS1 ACCOUNTING: Topic 6.1 – Return inwards journal

SSS1 ACCOUNTING: Topic 6.2 – Return outwards journal

SSS1 ACCOUNTING: Quiz 6.2 – Return outwards journal

SSS1 ACCOUNTING: Topic 6.3 – Cashbook

SSS1 ACCT. Lesson 7: Working Exercises on Sales Journals and Return Inward Journal Working Exercises on Purchase Journal and Return Outward Journal 1 Topic

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SSS1 ACCOUNTING: Topic 7.1 – Working Exercises on Sales Journals and Return Inward Journal Working Exercises on Purchase Journal and Return Outward Journal

SSS1 ACCT. Lesson 8: The Ledger 3 Topics

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SSS1 ACCOUNTING: Topic 8.1 – Classification of accounts

SSS1 ACCOUNTING: Topic 8.2 – Cash book: meaning and types

SSS1 ACCOUNTING: Topic 8.3 – Singles column cash book

SSS1 ACCT. Lesson 9: Double Column Cash Book 1 Topic

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SSS1 ACCOUNTING: Topic 9.1 – Double Column Cash Book

SSS1 ACCT. Lesson 10: Discounts 2 Topics

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SSS1 ACCOUNTING: Topic 10.1 – Meaning, types, reasons for giving discount

SSS1 ACCOUNTING: Topic 10.2 – Calculations of discounts

SSS1 ACCT. Lesson 11: Three Column Cash Book 1 Topic

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SSS1 ACCOUNTING: Topic 11.1 – Working exercises on three column cash book

SSS1 ACCT. Lesson 12: Three column cash book II 1 Topic

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SSS1 ACCOUNTING: Topic 12.1 – Working exercise on three column cash book

SSS1 ACCT. Lesson 13: Petty cashbook 5 Topics

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SSS1 ACCOUNTING: Topic 13.1 – Meanings

SSS1 ACCOUNTING: Topic 13.2 – Terminologies & floats

SSS1 ACCOUNTING: Topic 13.3 – Imprest system

SSS1 ACCOUNTING: Topic 13.4 -Reimbursement

SSS1 ACCOUNTING: Topic 13.5 – Working exercises

SSS1 ACCT. Lesson 14: Posting subsidiary books into ledgers 1 Topic

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SSS1 ACCOUNTING: Topic 14.1 -Cash book, sales day book, purchase day book, return inward and return outward

SSS1 ACCT. Lesson 15: Trial Balance 4 Topics

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SSS1 ACCOUNTING: Topic 15.1 – Meaning

SSS1 ACCOUNTING: Topic 15.2 – Rules for extraction

SSS1 ACCOUNTING: Topic 15.3 – Extraction of trial balance

SSS1 ACCOUNTING: Topic 15.4 – Working exercises

SSS1 ACCT. Lesson 16: Accounting Concepts and Conventions 2 Topics

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SSS1 ACCOUNTING: Topic 16.1 – Meaning and types of accounting concepts

SSS1 ACCOUNTING: Topic 16.1 – Meaning and types of accounting conventions

SSS1 ACCT. Lesson 17: Final Accounts of A Sole Trader 1 Topic

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SSS1 ACCOUNTING: Topic 17.1 – Trading, profits or loss account, meaning, reason, format

SSS1 ACCT. Lesson 18: Balance Sheet 3 Topics

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SSS1 ACCOUNTING: Topic 18.1 – Meaning and format

SSS1 ACCOUNTING: Topic 18.2 – Assets and liabilities

SSS1 ACCOUNTING: Topic 18.3 – Working exercises

SSS1 ACCT. Lesson 19: Simple Accounting Ratio 3 Topics

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SSS1 ACCOUNTING: Topic 19.1 – Meaning

SSS1 ACCOUNTING: Topic 19.2 – Types

SSS1 ACCOUNTING: Topic 19.3 – Working exercises

SSS1 ACCT. Lesson 20: Adjustment to Final Account 4 Topics

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SSS1 ACCOUNTING: Topic 20.1 – Provisions: doubtful debts, bad debt, discount

SSS1 ACCOUNTING: Topic 20.2 – Reserves: types

SSS1 ACCOUNTING: Topic 20.3 – Difference between reserves and provisions

SSS1 ACCOUNTING: Topic 20.4 – Accrual’s and prepayments

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About Instructor

ola

4 Courses

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