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SS1 First Term Financial Accounting Lesson Notes

Seven free notes, in teaching order, from Introduction to Accounting and its History to Discounts. Read them online, or get a PDF or Word copy.

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The term, one note at a time

Start at note 1 and work down. Each note opens with its objectives and ends with evaluation questions and an assignment.

  1. Introduction to Accounting and its HistoryNote 1 of 7

    Introduction to Accounting and its History

    Students should be able to define accounting and bookkeeping.

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  2. Advantages and Limitations of AccountingNote 2 of 7

    Advantages and Limitations of Accounting

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  3. Career Opportunities in Bookkeeping and AccountingNote 3 of 7

    Career Opportunities in Bookkeeping and Accounting

    Students should be able to list ten career opportunities in bookkeeping and accounting.

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  1. Accounting Equation and Double Entry PrincipleNote 4 of 7

    Accounting Equation and Double Entry Principle

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  2. The LedgerNote 5 of 7

    The Ledger

    Students should be able to state what the ledger is.

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  3. The Cash BookNote 6 of 7

    The Cash Book

    Students should be able to state the types of cash book.

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  1. DiscountsNote 7 of 7

    Discounts

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Every note is free to read online. A PDF or Word copy of one subject costs ₦1,000 for one term, or ₦2,000 for all three terms.

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About SS1 First Term Financial Accounting Lesson Notes

These are the seven SS1 First Term Financial Accounting topics, in teaching order. The first note covers Introduction to Accounting and its History and the last covers Discounts.

What students learn this term
  • Define accounting and bookkeeping
  • List ten career opportunities in bookkeeping and accounting
  • State what the ledger is
  • State the types of cash book
Recommended SS1 Financial Accounting textbooks
NameAuthorPublisher
Essential Financial Accounting for Senior Secondary SchoolsAnambra State Govt (Ministry of Education)Edition: Latest edition (per Konga)R.A. Ibrahim & R.A. KazeemNot stated in source
Simplified and Amplified Financial Accounting Book 1School booklist – International School, University of Ibadan (UI-owned)Femi LongeTonad Publishers
Book-keeping and Accounting Vol. 1 & 2School booklist – Whitesands School, Lagos (private)Frank WoodLongman
Hidden Facts in Financial AccountingSchool booklist – International School, University of Ibadan (UI-owned)Otumudia Publishers Ltd

Questions teachers ask about SS1 First Term Financial Accounting

How many SS1 First Term Financial Accounting lesson notes are there?

There are 7 notes, from Introduction to Accounting and its History to Discounts. When a new note is published, this page and this number update on their own.

What topics do the notes cover?

Introduction to Accounting and its History, Advantages and Limitations of Accounting, Career Opportunities in Bookkeeping and Accounting, Accounting Equation and Double Entry Principle, The Ledger, The Cash Book and Discounts.

Can I download the notes as a PDF or Word file?

Yes. Sign in with Google or Facebook, then choose the term at checkout. A PDF or Word copy of SS1 Financial Accounting for the First Term costs ₦1,000.

Can I edit the notes to suit my class?

Yes. Use the Word copy to change anything you like, or print the PDF as it is. Either way there is no retyping.

What does each note contain?

Every note has behavioural objectives, the lesson content in short sections, evaluation questions and an assignment, so you can teach from it and set work straight away.

Is there a cheaper way to get all three terms?

Yes. All three terms of SS1 Financial Accounting cost ₦2,000 instead of ₦3,000, a saving of ₦1,000.

Do I need an account to read the notes?

No. Every note is free to read without an account. You only sign in when you want to buy a download.

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