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SS1 Second Term Financial Accounting Lesson Notes

Six free notes, in teaching order, from Three Column Cash Book to Balance Sheet. 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. Three Column Cash BookNote 1 of 6

    Three Column Cash Book

    Students should be able to describe the layout of a three-column cash book.

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  2. PETTY CASH BOOKNote 2 of 6

    PETTY CASH BOOK

    Students should be able to state what a petty cash book is and what it is used for.

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  3. Trial BalanceNote 3 of 6

    Trial Balance

    Students should be able to define a trial balance.

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  1. Accounting Concepts and ConventionNote 4 of 6

    Accounting Concepts and Convention

    Students should be able to define accounting concepts and accounting conventions.

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  2. Final Account of a Sole TraderNote 5 of 6

    Final Account of a Sole Trader

    Students should be able to name the three final accounts of a sole trader.

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  3. Balance SheetNote 6 of 6

    Balance Sheet

    Students should be able to define a Balance Sheet and explain why it is a position statement.

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About SS1 Second Term Financial Accounting Lesson Notes

These are the six SS1 Second Term Financial Accounting topics, in teaching order. The first note covers Three Column Cash Book and the last covers Balance Sheet.

What students learn this term
  • Describe the layout of a three-column cash book
  • State what a petty cash book is and what it is used for
  • Define a trial balance
  • Define accounting concepts and accounting conventions
  • Name the three final accounts of a sole trader
  • Define a Balance Sheet and explain why it is a position statement
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 Second Term Financial Accounting

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

There are 6 notes, from Three Column Cash Book to Balance Sheet. When a new note is published, this page and this number update on their own.

What topics do the notes cover?

Three Column Cash Book, PETTY CASH BOOK, Trial Balance, Accounting Concepts and Convention, Final Account of a Sole Trader and Balance Sheet.

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 Second 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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