NERDC Scheme · Free Scheme of Work
Financial Accounting Scheme of Work for SS1 to SS3
Financial Accounting at SS1 covers book-keeping, double entry, trial balance, and final accounts. SS2 builds through partnership accounts, company formation, shares, and the capital market. SS3 condenses into one exam-focused term covering consignment, joint venture, contract, departmental, branch, and public sector accounting. Below is the full scheme of work for all three levels, every term, so you always know exactly what comes next.
SS1 Financial Accounting
SS1 Financial Accounting
First Term
| 1. | Book-Keeping and Accounting |
| 2. | Ethics of Accounting |
| 3. | Principles of Double Entry (Part 1) |
| 4. | Principles of Double Entry (Part 2) |
| 5. | Midterm Examination |
| 6. | Accounting Concepts (Part 1) |
| 7. | Midterm Break |
| 8. | Accounting Concepts (Part 2) |
| 9. | General Journal |
| 10. | Analytical Cash Book |
| 11. | Revision |
| 12. | Examination |
| 13. | Closing |
Second Term
| 1. | Bank Reconciliation Statement (Part 1) |
| 2. | Bank Reconciliation Statement (Part 2) |
| 3. | Classification of Accounts |
| 4. | Trial Balance (Part 1) |
| 5. | Midterm Examination |
| 6. | Correction of Errors (Part 2) |
| 7. | Midterm Break |
| 8. | Trading Account |
| 9. | Profit and Loss Account |
| 10. | Adjustments in Profit and Loss Account |
| 11. | Revision |
| 12. | Examination |
| 13. | Closing |
Third Term
| 1. | Balance Sheet (Part 1) |
| 2. | Balance Sheet (Part 2) |
| 3. | Sales Ledger Control Account |
| 4. | Purchases Ledger Control Account |
| 5. | Midterm Examination |
| 6. | Depreciation |
| 7. | Midterm Break |
| 8. | Depreciation (Reducing Balance Method) |
| 9. | Manufacturing Account |
| 11. | Revision |
| 12. | Examination |
| 13. | Closing |
Recommended: Commerce Scheme of Work SS1–SS3
SS2 Financial Accounting
SS2 Financial Accounting
First Term
| 1. | Profit and Loss Appropriation Account |
| 2. | Partnership Capital Account |
| 3. | Partnership Current Account |
| 4. | Current Account in Partnership Accounting |
| 5. | Midterm Examination |
| 6. | Admission of a New Partner and Goodwill Account |
| 7. | Midterm Break |
| 8. | Receipts and Payments Account / Income and Expenditure Account |
| 9. | Single Entry (Incomplete Records) |
| 10. | Revision |
| 11. | Examination |
| 12. | Closing |
Second Term
| 1. | Formation of a Company |
| 2. | Private and Public Companies |
| 3. | Quoted and Unquoted Companies |
| 4. | Financial System |
| 5. | Midterm Examination |
| 6. | Issue of Shares |
| 7. | Midterm Break |
| 8. | Loan Capital |
| 9. | Revision |
| 10. | Examination |
| 11. | Closing |
Third Term
| 1. | Methods of Raising Funds from the Capital Market |
| 2. | Requirements for Accessing the Capital Markets |
| 3. | Benefits of Capital Market |
| 4. | Final Accounts |
| 5. | Midterm Examination |
| 6. | Regulation of the Capital Market |
| 7. | Midterm Break |
| 8. | Hire Purchase and Installment Payment Account |
| 9. | Revision |
| 10. | Examination |
| 11. | Closing |
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SS3 Financial Accounting
SS3 (One Term Only) Financial Accounting
First Term
| 1. | Consignment Account – Meaning and Features |
| 2. | Consignment Account – Accounting Treatment |
| 3. | Joint Venture Account |
| 4. | Contract Account |
| 5. | Midterm Test |
| 6. | Departmental Account |
| 7. | Midterm Break |
| 8. | Branch Account |
| 9. | Public Sector Accounting |
| 10. | Revision & Examination |
More Resources: Fashion Design and Garment Making Scheme of Work JSS1–SS3
Frequently Asked Questions
Does ₦3,000 cover the whole session for every level?
Yes. One payment of ₦3,000 gets you First, Second, and Third Term notes for SS1 and SS2, plus the full SS3 term for this subject.
Why does SS3 only have one term?
Financial Accounting at SS3 is structured as a single condensed term covering consignment, joint venture, contract, departmental, branch, and public sector accounting, ahead of WAEC/NECO exams.
Does this scheme apply nationwide?
The core topic sequence follows the national curriculum, though individual schools sometimes adjust pacing around their own midterm and exam dates.
Can I get the lesson notes already written?
Yes. We can write the full set for you, SS1 to SS3, the whole session. Message us on WhatsApp to get started.
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Full Financial Accounting lesson notes, SS1 to SS3, the whole session, for ₦3,000.
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