SSS1 Accounting

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

  1. Master Core Concepts:

    • Double-entry bookkeeping

    • Accounting equation and cycle

    • Financial statement preparation

  2. Develop Practical Skills:

    • Maintain cash books and subsidiary books

    • Calculate depreciation

    • Reconcile bank statements

  3. 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

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

1 of 2

About Instructor

ola

4 Courses

Not Enrolled
This course is currently closed

Course Includes

  • 30 Lessons
  • 69 Topics
  • 11 Quizzes
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NGN Nigerian naira