Scheme of Work Financial Accounting SS2 3rd term

WEEKS

CONTENTS

1.

Book-keeping and Accounting

1. Resumption test

2. Review of the previous work

3. Coping of Scheme of work

2.

Issues of Shares

1. Terminologies

- Authorized capital

- Issued capital

- Preference shares

- Ordinary Shares

- Shares Issued at parcuit

- Shares Issued at discount

- Shares Issued at premium

2. Shares accounts

- Preparation

3. Capital Account

4. Application, Allotment and calls Account

3.

Types of Shares:

- Ordinary Shares

- Preference Shares

- Deferred Shares

- Founders Shares

4.

. Loan Capital: Technology

- Debentures

- Mortgage

- Interest

2. Preparation of Debenture Account

5.

Methods of Raising funds from the capital market

- Offer for sales

- Offer for subscription

- Right Issue      

- Private Placement

6.

Requirements for Accessing the Capital Market

1. Must be public Company

2. Must present Company audited account

3. Must appoint market operations and consultants

7.

MID TERM BREAK

8-9.

Benefits of Capital Market

1. Benefits to individual investors

a. Investment

b. Dividend

c. Bonus Shares

d. Capital Appreciation

e. Collateral

2. Benefits to government

i. Raising of capital for development projects

ii. Provides alternative avenue for deficit financing

iii. Enhances tax revenue

3. Benefits to the economy

a. Industrial growth

b. Employment generation

c. Improvement in the standard of living

4. Benefits to Individual companies

a. Raising capital for expansion

b. Enhance the popularity of the company

c. Perpetuity of the company

10-12

Revision and Examination

13.

Examination and Markings