SS2 Accounting Lesson Notes
FIRST TERM
1. Manufacturing Account: Meaning/Definition2. Uses of Manufacturing Account3. Manufacturing Account: Terminologies Used4. Computation of: Cost of Raw Materials Available For Use, Cost of Raw Materials Consumed or Used And Prime Cost of Production5. Preparation of Trading, Profit And Loss Account, Manufacturing Account, And Balance Sheet6. Transfer of Goods Manufactured From The Manufacturing Department To The Sales Department7. Account of Non-Profit Making Organization: Introduction8. Receipts And Payment Account: Features And Limitations9. Preparation of Receipts And Payment Account10. Income And Expenditure Account: Meaning11. Differences Between Receipts And Payment Accounts And Income And Expenditure12. Preparation of Income And expenditure account13. Differences Between Bank Statement And Reconciliation Statement14. Causes of Discrepancies Between Cash Book And Bank Statement15. Bank Reconciliation Statement: Preparation of Adjusted Cash Book16. Preparation of Bank Reconciliation Statement With Normal Bank Statement17. Revisit Account Control: Sales Ledger Control Account18. Purchases Ledger Control Account19. Partnership Account: Meaning/Definition20. Partnership Account: Terminologies Used21. Partners’ Capital Account22. The Profit And Loss Account of Partnership23. Partnership Profit And Loss Account And Balance Sheet of Partners24. Partnership Account: Admission of New Partners - Meaning25. Reasons For Admission of New Partners26. Goodwill: Meaning27. Valuation of Goodwill28. Revaluation of Assets29. Preparation of Revaluation Account And Balance Sheet30. Dissolution of Partnership: Meaning31. Dissolution Procedures
SECOND TERM
1. Reasons For Dissolution of Partnership2. Incomplete Records (Single Entry): Meaning/Definition3. Features of Single Entry4. Single Entry Disadvantages/Limitations5. Computation of Profits From Two Balance Sheets Showing The Opening And Closing Capital6. Incomplete Records: Preparation of Statement of Affairs - Calculation of Profit7. Conversion of Single Entry8. Interpretation of Accounts Using Simple Accounting Ratios Equity: Capital Employed9. Interpretation of Accounts Using Simple Accounting Ratios Equity: Working Capital10. Ratio of Working Capital To Capital Employed11. Ratio of Equity To Capital Employed
THIRD TERM
1. Companies And Allied Matters Act 1990 Relating To Formation of Companies2. Terminologies Used In A Company Account3. Memorandum of Associations4. Articles of Association5. Types of Companies - Private Company: Definition And Features6. Types of Companies- Public Company: Definition And Features7. Distinctions Between Public And Private Companies8. Quoted Companies: Definition, Features, And Examples9. Unquoted Companies: Definition And Features10. Distinctions Between Quoted And Unquoted Companies11. Company Account - Financial System: Definition12. Components of Financial System E.g. Banks, Insurance, NSE, SEC, CSCS13. Money Market: Definition And Key Functions14. Features of Money Market (Short Term)15. Methods: Offer For Sales, Offer For Subscription, Right Issues, Private Placement16. Benefits of Capital Markets: Benefits To Individual Investors17. Benefits of Capital Markets: Benefits To Government18. Benefits of Capital Markets: Benefits To The Economy19. Benefits of Capital Markets: Benefits To Individual Companies20. Issues of Shares: Terminologies Used21. Preparation of Shares Accounts, Application Account, Allotment Account, And Calls Accounts22. Preparation of Cash/Bank Account, Share Premium Account, Share Discount Account, Share Capital Accounts, Preference Shares Account, And Ordinary Share Capital Account 23. Loan Capital: Terminologies Used24. Loan Capital: Debentures25. Loan Capital: Interest26. Loan Capital: Mortgage27. Profit And Loss Appropriation Account: - Amount Written Off28. Regulation of The Capital Market: Meaning And Reasons For Regulations29. Regulation of The Capital Market: Types of Regulations30. Regulation of The Capital Market: Statutory Regulation31. Self-Regulation Stock Exchanges32. Nigeria Stock Exchange: Meaning And Features33. The Abuja Stock And Commodity Exchange