Pen-Write E-Library - Private

SCHEME OF WORK
WEEK:
1. Revision of last term work/meaning of capital from accountant, economist and layman view.

2. Types of capital e.g authorised, registered, issued etc

3. Profit: Meaning (accountant and economics point of view).

4. Turn over: Factors that can affect profit or turn over, Rate of turn over, percentage of gross profit etc.

5. The stock exchange: Meaning, functions/organisation set up.

6. Stock Exchange procedures continues.

7. Second tie securities market: Meaning, merits and demerits.

8. Communication: Meaning, importance of communication.

9. Means of communication e.g post office, telecommunication.

10. Courie Service: Meaning, types, functions and comparison.

11. Revision

TOPIC: Capital
REFERENCE BOOK
a. Essential commerce for S.S.S by O.A. Longe
b. Positive commerce for S.S.S by Dr. Igwe
c. Comprehensive commerce for S.S.S by Johnson Anyaele


SUBTOPIC: Meaning and types of capital
BEHAVIOURAL OBJECTIVE: At the end of the lesson, students should be able to:
a. State the meaning of capital
b. List the types of capital

CONTENT: Meaning and types of capital
Meaning of capital
a. The accountant point of view - the accountants define capital as the original fund or money with which a person used to start a business.
b. The economist point of view - the resources or wealth made by man that are used for producing further wealth - the layman understanding.

Types of capital
- Authorized, registered or nominal capital
- Issued capital
- Called up capital
- Paid up capital
- Uncalled capital etc

EVALUATION: Give a layman definitions of capital

ASSIGNMENT: State four(4) types of capital



SUBTOPIC: At the end of the lesson, students should be able to:
a. State the importance of working capital
CONTENT: Importance of Working Capital
a. Working capital serve as a check against typing down too much money for comment assets
b. It helps to determine whether the business is solvent or not, whether it has the ability to serve debt without selling fixed assets.

EVALUATION: What is fixed assets?

ASSIGNMENT: State four(4) importance of working capital to a businessman




SUBTOPIC: Balance sheet entries of a businessman
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Record entries (transactions) in the balance sheet
b. Calculate the value of each transaction

CONTENT: Balance Sheet
Fixtures 1000
Stock 31st dec. 8000
Debtors 5,000
Creditoes 3,000
Cash in hand 7,000
Bank overdraft 1,200
Typewriter 4,500
Furniture 2,500
Capital 18,000
One year co-op. loan 4,100
Profit for the year 1,700

Calculate the following
a. Capital owned
b. Working capital
c. Current liabilities
d. Fixed assets
e. Capital employed
EVALUATION: State the sub-heading in a balance sheet

ASSIGNMENT: From the list of balances above calculate (a) current liabilities (b) current asset (c) working capital

view a sample balance sheet
https://docs.google.com/open?id=0Bz3Mh6 ... dmMGUzZDEy

TOPIC: Capital
REFERENCE BOOK
a. Essential commerce for S.S.S by O.A. Longe
b. Positive commerce for S.S.S by Dr. Igwe
c. Comprehensive commerce for S.S.S by Johnson Anyaele


SUBTOPIC: Types of capital
BEHAVIOURAL OBJECTIVE: At the end of the lesson, students should be able to:
a. List the various types of capital
b. State their meanings

CONTENT: Types of Capital
a. Loan capital
b. Liquid capital
c. Reserved capital- meaning examples and calculations

EVALUATION: Explain the loan capital and liquid capital

ASSIGNMENT: State four uses of the working capital



BEHAVIOURAL OBJECTIVE: At the end of the lesson students should be able to:
a. Evaluate the various types of capital

CONTENT: Types of capital
a. Capital employed
b. Capital owned
c. Fixed capital
d. Working capital
Their meanings, examples & calculation

EVALUATION: Give examples of fixed capital

ASSIGNMENT: Calculate the following (a) capital owned (b) capital employed




SUBTOPIC: Calculations of capital
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Calculate the various types of capital

view content below
https://docs.google.com/leaf?id=0Bz3Mh6 ... k&hl=en_US

EVALUATION: Calculate the capital owned

ASSIGNMENT:
Differentiate between working capital and capital employed

Agboola Enterprises recorded the following state of affairs as at 31st December, 2006
Net profit for the year 2,700
Machinery 4,000
Creditors 3,800
Debtors 2,000
Typewriter 1,100
Cash at bank 1,300
Drawings 700
Buildings 5,000
Capital 1,600
Stock 1,600
Loan 3,000
Cash in hand 1,400
Motor vehicle 1,200
Bank overdraft 1,000
Calculate: (i) fixed assets (ii) current assets (iii) working capital (iv)capital owned (v) capital employed




SUBTOPIC: Capital of a company
BEHAVIOURAL OBJECTIVE: At the end of the lesson, students should be able to calculate the capital of a company.

CONTENT
Calculation of capital of a company Otidara Nig. Plc has an authorized share capital of N250,000. It offered 100,000 for subscription. The company was able to collect 70,000.
Required calculate the following:
a. Nominal capital
b. Issued capital
c. Paid up capital
d. Unissued capital
e. Uncalled capital

SOLUTION
a. Nominal capital = 250,000
b. Issued capital = 100,000
c. Paid up capital = 70,000
d. Unissued capital = 150,000
e. Uncalled capital = 30,000

EVALUATION: Calculate the value of the uncalled capital. Show all workings.

ASSIGNMENT: Green travels and tours Plc had an authorized share capital of N30,000. It offered applicants 20,000 share capital, out of which the company realized 15,000. What is the value of (a) nominal capital (b)issued capital (c) paid up capital (d) unissued capital (e) uncalled capital

SOLUTION:
a. Nominal capital = 30,000
b. Issued capital = 20,000
c. Paid up capital = 15,000
d. Unissued capital =10,000
e. Uncalled capital = 5,000





SUBTOPIC: Capital of a company
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to: calculate the capital of a company.

CONTENT
Calculation of capital Princess Plc has an authorized capital of 2,000,000 ordinary shares of 5,000 per value. It issued 1,000,000 ordinary shares and all the shares were bought and paid for at 2,000 shares, except 4,000 shares taken by Mr. Omo-oba Oluwadara.

Calculate the value of the:
a. Authorized capital
b. Issued capital
c. Called up capital
d. Paid up capital

CALCULATION
a. Authorized capital = 2,000,000 x 5.00 = 10,000,000
b. Issued capital = 1,000,000 x 5.00 = 5,000,000
c. Called up capital = 1,000,000 x 2.00 = 2,000,000
d. Paid up capital = 1,000,000 - 4,000 = 996,000
996,000 x 2 = 1,992,00

EVALUATION: Explain the following
a. Authorized capital
b. Issued capital
c. Called up capital
d. Paid up capital

ASSIGNMENT: Jide Plc has an authorized capital of 500,000 ordinary shares of 3.00 per value. It issued 250,000 ordinary shares and all the shares were bought and paid for at 2.00 a share, with the exception of 1,000 shares taken by Mr. Tosin.

Calculate:
a. Authorized capital
b. Issued capital
c. Called up capital
d. Paid up capital

TOPIC: Profit
REFERENCE BOOK
a. Essential commerce for S.S.S by O.A. Longe
b. Positive commerce for S.S.S by Dr. Igwe
c. Comprehensive commerce for S.S.S by Johnson Anyaele


SUBTOPIC: Meaning and types of profit
BEHAVIOURAL OBJECTIVE: At the end of the lesson, students should be able to:
a. Explain the types of profit
b. State the concept of profit

CONTENT: Meaning and types of profit
Profit is the excess of selling prices, over the cost price of goods, profit increases the capital of a business. It is the reward of an entrepreneur.
Types of profit
Gross profit- excess of turnover (sales) over the cost of goods sold
Net profit : is the excess of gross profit over expenses.

EVALUATION: Explain the meanings of profit

ASSIGNMENT: Give two (2) types of profit




SUBTOPIC: Trading, profit and loss account
BEHAVOURAL OBJECTIVE: At the end of the lesson, students should be able to:
a. State the profit and loss item
b. Record trading profit and loss account

CONTENT: Trading, profit and loss
Trading account is an account used to show the gross profit and the net profit contents:
a. Opening stock
b. Closing stock
c. Purchases
d. Sales
e. Return inwards / outwards
f. Carriage inwards / outwards
g. Expenses

EVALUATION: Explain the trading account and give one use of at.

ASSIGNMENT: List the five trading, profit and loss account items




SUBTOPIC: Recording of Trading, Profit and Loss Account
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Record the trading profit and loss account
b. Calculate the gross profit and net profit

view content below
https://docs.google.com/open?id=0Bz3Mh6 ... YzNzkxNDk4

EVALUATION: What is the value of (i) cost of goods sold (ii) goods available for sale (iii) gross profit (iv) expenses

ASSIGNMENT: Record the trading account on pg. 216 of students textbook




TOPIC: Profit
PREVIOUS KNOWLEDGE: Students have learnt about the calculation of capital
REFERENCE BOOK
a. Essential commerce for S.S.S by O.A. Longe
b. Comprehensive commerce for S.S.S by Johnson Anyaele
c. Commerce for SSS by LI Alukannal et al
d. Basic commerce for West Africa by P.K Tawaiah
SUBTOPIC: Meaning and types of profit
BEHAVIOURAL OBJECTIVE: At the end of the lesson, students should be able to:
a. Define profit
b. State types of profit
c. Explain each types of profit
d. Mention factors affecting

view content below
https://docs.google.com/open?id=0Bz3Mh6 ... UxZjQwNzkw

EVALUATION:
a. List and explain types of profit
b. State factors affecting profit of a business

ASSIGNMENT: Question 1, page 187, Essential commerce for S.S.S by O.a. Longe





SUBTOPIC: Calculations of Gross profit % and Net profit %
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Calculate the gross profit percentages
b. Calculate the net profit percentages

view content below
https://docs.google.com/open?id=0Bz3Mh6 ... JiMTY4ZDFm

EVALUATION: State the formula for gross profit percentages.

ASSIGNMENT: Question 9b, page 188 - 189. Essential commerce for S.S.S by O.A. Longe




SUBTOPIC: Computation of working capital and Netsales
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Calculate working capital
b. Compute net sales , net profit % and fixed assets

Question: the following are the assets and liabilities of Baba Iyabo LTd:
Cash 8,000
Building 81,000
Creditors 6,500
Sales returns 12,000
Debtors 18,000
Capital 122,500
Overdraft 11,000
Motor vehicle 20,000
Sales 50,000
Net profit 20,000

Calculate the value of :
a. Working capital
b. Net sales
c. Net profit percentage
d. Fixed assets

https://docs.google.com/open?id=0Bz3Mh6 ... ZiMDQzNzU4

EVALUATION: State the formula for calculating working capital

ASSIGNMENT: The following are the trading figures of Seye trading Co.Ltd. for the year ended 31st Dec. 1989
Creditors 20,000
Premises 20,000
Machinery 20,000
Cash 20,000
Debtors 30,000
Stock 50,000
Cost of goods sold 100,000
Plant 30,000
Rent 10,000
From the above calculations
a. Fixed assets
b. Working capital
c. Gross profit
d. Net profit

SOLUTION
a. Fixed asset: Premises 20,000
Machinery 20,000
Plant 30,000
70,000
b. Working capital = current assets - current liabilities
Current assets
Stock 50,000
Debtors 30,000
Cash 20,000 100,000
Less current liabilities
Creditors 20,000 80,000
c. Gross profit = Sales less cost of goods sold
200,000 - 100,000 = 100,000

d. Net profit = Gross profit less other expenses
100,000 - rent (10,000) = 90,000

TOPIC: Profit
REFERENCE BOOK
a. Essential commerce for S.S.S by O.A. Longe
b. Comprehensive commerce for S.S.S by Johnson Anyaele
c. Commerce for SSS by LI Alukannal et al
d. Basic commerce for West Africa by P.K Tawaiah

SUBTOPIC: Turnover
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Define turnover
b. Explain rate of turnover
c. State factors affecting turnover
d. List factors that can increase rate of turnover

CONTENT
- Meaning of turnover: the turnover of a business is the sales of a business during a given period.
- Rate of stock turnover : is the number of times the stock of goods is soled in an given period of time ROT =
- Factors affecting turnover are:
- Goodwill and reputation of the seller
- Advertising, publicity and sales promotion
- Credit facilities
- Different goods sold by the seller
- Increase in quantity of goods sold
- Regular availability of goods.

EVALUATION: State factors affecting turnover

ASSIGNMENT: Explain the following: (a) turnover (b) rate of stock turn




CONTENT: (a) turnover (b) the average stock (c) rate of stock turn (d)cost of goods sold (e) % or rate of net profit on turnover (f) % of gross profit on turnover (g) expenses as a % of turnover.
Worked examples: from the details given below calculate: turnover, average stock, cost of goods, rate of stock turn, % of net profit on turnover, % of gross profit on turnover, and expenses as a % of turnover
Opening stock 3,040
Closing stock 3,440
Sales 19,760
Purchases 15,180
Returns inwards 320
Office expenses 2,916

view solution below
https://docs.google.com/open?id=0Bz3Mh6 ... VhZDFmNjFk

EVALUATION: State the formula for the following (a) rate of stock turn (b)% or rate of gross profit on turnover

ASSIGNMENT: From the following information on question 10, page 189, Essential commerce for sales by O.A. Longe
Calculate: (a) turnover or net sales (b) Average stock (c) Cost of goods sold (d) Rate of stock turn (e) % or rate of gross profit on turnover (f) % or rate of gross profit on turnover (g) Expenses as a % of turnover.




SUBTOPIC: Markup and Margin
DURATION: 40Mins
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Define mark up
b. Explain margin
c. Convert mark up to margin and vice versa

view content below
https://docs.google.com/open?id=0Bz3Mh6 ... g2YjkzMDQ2

EVALUATION: Explain the followings (a) markup (b) margin

ASSIGNMENT: Solve question 10 on page 189 of Essential commerce by Longe.

TOPIC: Stock Exchange
REFERENCE BOOK
a. Essential commerce for S.S.S by O.A. Longe
b. Comprehensive commerce for S.S.S by Johnson Anyaele
c. Commerce for SSS by LI Alukannal et al
d. Basic commerce for West Africa by P.K Tawaiah

SUBTOPIC: Introduction to stock Exchange
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Define stock exchange
b. State functions of stock exchange
c. Explain functions of security and exchange commission
d. Describe roles of central security clearing system

CONTENT: Meaning of Stock Exchange
The Stock Exchange market can be defined as a specialized financial market where existing securities are traded
a. Functions of stock exchange
- It facilitates the purchase and sales of securities
- It provides information about daily transactions
- It provides rules and regulations
- It provides professional advice
- It helps government to raise fund
- It ensure easy transfer of shares

b. Compares Quoted on stock exchange market
Nestle Plc, Afrint Plc, Nigeria Plc, , Union Bank Plc, Guinness Nig. Plc, Berger paints Plc, AIIco Insurance Plc, etc.

c. Functions of security and exchange commission
- It sees to the valuation of shares
- It registers securities
- It approves shares for allotment
- It maintains surveillance over the securities to ensure fair play
- It acts as a regulatory apex organization of capital market in Nigera.

d. Roles of Central Security Clearing System
- It is a central depository of certificate
- It acts as sub-registrar to all companies
- It eliminates cases of missing identification
- It issues central securities identification number to stock brokers and investors
- It keeps financial instrument.

EVALUATION
a. Define stock exchange
b. State five functions of stock exchange
c. List five(5) companies quoted on stock exchange
d. Describe four (4) functions of security and exchange commission.
e. Mention four (4) roles of security and exchange commission.

ASSIGNMENT: List twenty companies quoted on stock exchange market.




SUBTOPIC: Organizational set up
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Describe the organizational set up of the stock exchange
b. List the membership of the stock exchange
c. State functions of each member

CONTENT: THE COUNCIL
The stock exchange is run by a stock exchange council, elected by the stock exchange members. It is a highly organized market. Only licensed members are admitted and business is transacted according to prescribed set of rules. The director general is the heed of the administration.
a. Functions of the council are:
- It makes rules for the stock exchange
- It controls the admission of new members
- It discipline any erring members
- It settles disputes among members
- It approves the quotation of securities on the stock exchange
- It protects the interest of the investing public and take up complaints brought against members.

b. Classes of membership of the stock exchange market
i. Brokers: This is an agent who acts as an intermediary between buyers and sellers of securities for a commission called brokerage.

ii. Jobber: This is a principal or actual wholesale dealer in securities, who buys and sells securities on his own behalf to brokers for a profit called jobber's turn. He is really a shopkeeper on securities. He does not deal with members of the public, but deals with brokers. He buys at one price unit sells at another price. He specializes in a particular security.

iii. Registrars: These are firms that are responsible for the administration of the company's shares and keeping of register of members. They are also key operators in the stock market. They are experts responsible for the successful completion of shares acquisitions and registration process. Examples are Wema registrars, Zenith registrars, UBA securities, Union registrars etc.

iv. Receiving banks: These are banks designated by an issuer to receive proceeds of an issue on it behalf. Receiving banks can be merchants or commercial banks.

v. Authorized clerk: This is an employee of a stock broker who is entitled to enter a stock exchange market and act on behalf of his employer

vi. Unauthorized clerk: this is an employee of a stockbroker who can assist his employer but not allowed to deal in stock on the floor of the exchange.

EVALUATION: Describe the organizational set up of the stock exchange market & state four(4) functions of stock exchange council.

ASSIGNMENT: Explain the following: (i) stockbrokers (b) stockjobbers (c)registrars (d) receiving banks (e) authorized clerk (f) unauthorized clerk.




SUBTOPIC: Importance of stock exchange
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to: state the importance of stock exchange.

CONTENT: Importance of stock exchange market are:
a. It provides job opportunities
b. Allows the transfer of securities form one owner to the other
c. It attracts foreign capital
d. It makes company to raise funds
e. It is a source of public finance
f. It provides information to investors
g. It promotes prices which are used to measure performances of companies
h. It facilitates efficient allocations of resources
i. It promotes economic growth and development
j. It is a source of wealth creation

EVALUATION: state five importance of stock exchange to the economic growth of Nigeria.

ASSIGNMENT: state five(5) roles of the central security clearing system to the development of Nigeria economy

TOPIC: Stock Exchange
REFERENCE BOOK
a. Essential commerce for S.S.S by O.A. Longe
b. Comprehensive commerce for S.S.S by Johnson Anyaele
c. Commerce for SSS by LI Alukannal et al
d. Basic commerce for West Africa by P.K Tawaia

SUBTOPIC: Procedure of transactions at the stock exchange
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Describe the procedure of transactions
b. Explain terms used in stock exchange

CONTENT: Procedures of transactions.
The dealing members of the market carry on transaction at the market exchange market. Ordinary members are not allowed to transact business. The following:
Step 1: An investor visits the stock broker and makes his intention to purchase or buy shares known to the broker
Step 2: He will deposit an amount of money in cash or cheque and ensure that it is backed by receipt.
Step 3: a transfer form is given to him to append his signature
Step 4: The stock broker will make his intention to purchase a certain quantity of shares known to other brokers at the trading session of the exchange.
Step 5: The stockbrokers will prepare a contract note.

Terms: Blue chips, jobber's turn/margin, gilt-edged, ex-div. brokerage, contract note, transfer note or form.

EVALUATION: Describe the procedures of transactions at the stock exchange.

ASSIGNMENT: Explain the following blue chips, jobber's turn, ex-div and gilt-edged





SUBTOPIC: Speculation
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Explain the term speculation
b. Define speculators
c. List types of speculator
d. State features of each speculator.

CONTENT: Meaning of Speculators
a. Speculation: is the activity of buying and selling shares in a company in the hope of making a profit, but with the risk of losing money.
b. Speculator: A speculator is a person who buys or sells securities in order to make profits. He does not buy to invest his money in return for dividend or interest
Types of Speculators: the bull, the bear and the stag
a. The Bull: He buys securities expecting prices to rise when he shall sell and make profits. He is an optimist.

b. The Beer: He contracts to sell share in the expectation of a fall in prices if the fall takes place he buys at the lower price to fulfill his contract. He sells for a fall and therefore is a pessimist.

c. The Stag: He buys new securities just issued by companies in the hope that the value will rise quickly. He can then sell them through the stock exchange at a profit.

EVALUATION: Explain the terms speculations and speculators.

ASSIGNMENT: List and explain types of speculators





SUBTOPIC: Securities trades in stock exchange
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Explain the term security
b. List types of securities traded in the stock exchange
c. Explain each type of security

CONTENT : Meaning of Security
These are financial instruments which are traded on the stock exchange market. Financial securities are shares, debentures, bonds, gilt-edged and stocks.

Types of Securities
a. Shares: The shares are the unit of capital of a company allocated to individuals. It can be divided into ordinary shares and preferences shares.

b. Debentures: these are loans of long term nature. Debentures represents the documents, which acknowledges the indebtedness of a company. They are secured on the assets of the company. It has a fixed rate of interest.

c. Stock: It may be defined as a collection of shares into a bundle or consolidated share. Stocks are usually quoted per N100 nominal value, but fractions may be bought or sold.

d. Bonds: These are securities issued by the governments as a way of raising fund from the stock exchange. Bonds are fixed interest investment securities issued for long term duration and they have coupon rate. Bonds have date of redemption.

e. Gilt-edged: These are long term securities issued by the government, which carry a minimum risk. They are interest bearing securities which are relatively risk free than equities.

EVALUATION: Explain the term security & list types of securities traded on the floor of the stock exchange.

ASSIGNMENT: Explain the following shares, debentures, stock, bonds and gilt-edged.

TOPIC: Second - tier securities market (STSM)
REFERENCE BOOK
a. Essential commerce for S.S.S by O.A. Longe
b. Comprehensive commerce for S.S.S by Johnson Anyaele
c. Commerce for SSS by LI Alukannal et al
d. Basic commerce for West Africa by P.K Tawaiah



SUBTOPIC: Introduction to the second tier securities market
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Define second-tier securities market
b. State the aims and objectives of second-tier securities market

CONTENT: Meaning of second-tier securities market (STSM)
It was set up on 30th April, 1985 by the Nigerian stock Exchange as a minor market for raising capital for small and medium sized companies that are not qualified for enlistment on the stock market.

Aims and objectives of Second-tier securities market (STSM)
a. To encourage investment flow
b. To reduce or eliminate smuggling
c. To achieve a realistic exchange rate for Nigerian currency
d. To eliminate currency dealings in the black market
e. It serves as a de-regulation and control for eliminating import license.
f. It attracts foreign capital at a moderate rate
g. It restores the confidence of our foreign creditors.

EVALUATION: Describe second-tier securities market

ASSIGNMENT: State five aims and objectives of second - tier securities market




SUBTOPIC: Advantages of STSM to the companies and investors
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. State the advantages of STSM to the companies
b. Explain the advantages of STSM to the investing public

CONTENT: Advantages of STSM to the companies are:
a. It ensures the survival and continuity of the companies
b. It reduces high costs of seeking quotation
c. It makes companies to benefit from a new avenue of raising capital
d. It makes companies to maintain a healthy cash flow as they expand their business
e. It makes investors to enjoy the flexibility of buying and selling shares when they wish.
f. It enhances ownership; companies offer at least 10% of their equity to the public.

Advantages of STSM to the investing public
a. It gives opportunity to borrowing money for the investors
b. The investing public can buy and sell shares through the STSM
c. It gives the investor direct access to buy shares easily
d. The public can assess the violability and profitability of companies
e. The public is able to determine the percentage of equity holding in companies
f. It has helped to spread the knowledge of the capital market
g. It has generated economic growth and employment

EVALUATION: State the advantages of STSM to the companies

ASSIGNMENT: Explain the advantages of STSM to the investing public.





SUBTOPIC: Differences between 1st tier and second tier securities Markets
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to: differentiate between first and second tier securities market.

view content
https://docs.google.com/open?id=0Bz3Mh6 ... VhMmIyMzlm

EVALUATION: What do you understand by first tier?

ASSIGNMENT: State five (5) differences between first tier and second tier securities markets.

TOPIC: Communication
REFERENCE BOOK
a. Essential commerce for S.S.S by O.A. Longe
b. Comprehensive commerce for S.S.S by Johnson Anyaele
c. Commerce for SSS by LI Alukannal et al
d. Basic commerce for West Africa by P.K Tawaiah


SUBTOPIC: Introduction to communication
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Define communication
b. State the importance of communication
c. Explain forms of communication
d. Describe the traditional means of communication

CONTENT: Meaning of Communication
Communication is the process of sending, transmitting or exchange messages, information, ideas, opinions etc from one person to another at various locations. It is the process of transmitting meaningful messages between senders and receivers.

Importance of Communication
a. It makes it easy to pas vital information from one place to another
b. It facilitates quick payments for goods and services
c. It makes potential buyers to have the awareness of goods and services, thus, it stimulate demand.
d. It facilitates international trade
e. It reduces cost that would have been incurred and its associated business risks
f. It ensures close contact between businessmen
g. The modern means of communication make it easy to settle international indebtedness
h. It facilitates air and sea transport.
i. It enhances home delivery services
j. It ensure quick delivery of documents.

Forms of communication
a. Written communication
b. Oral communication
c. Nonverbal communication

Traditional means of communication
a. Talking drum
b. Town criers
c. Palm frond
d. Blast of gun

EVALUATION
a. Define communication
b. State the importance of communication
c. Describe the traditional means of communication
d. Explain forms of communication

ASSIGNMENT: State five(5) importance of communication





SUBTOPIC: Nigerian Postal Services(NIPOST)
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. List services provided by NIPOST
b. Explain the services rendered by NIPOST

CONTENT: Introduction to NIPOST
The Nigerian Postal Service department known as NIPOST was established to provide postal and payment service to the people.
Services or functions of NIPOST as a means of communication
a. Ordinary letters
b. Registered letters
c. Parcel post
d. Postal restate
e. Recorded delivery
f. Business reply service
g. P.O Box and Private Mail Bag (P.M.B)
h. Provision of franking machine

Services or functions of NIPOST as a means of payment
a. Cash on delivery
b. Postage stamps
c. Postal orders
d. Money orders
e. Telegraphic money order
f. Sale of forms (e.g. JAMB, WAEC & NECO)

EVALUATION: List the services provided by NIPOST

ASSIGNMENT
a. List five (5) services rendered by NIPOST as a means if communication
b. State five services provided by NIPOST as a means of payment





SUBTOPIC: Telecommunication (NITEL)
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to: explain the services provided by NITEL

CONTENT: Meaning of Telecommunication
Telecommunication is the used in sending signals, images and messages over long distances by telephone and satellite.

Functions or services provided by NITELS
a. Telephone services
i. Private business exchange (PBE)
ii. Subscriber trunk dialing (STD)
iii. Private telephone line
iv. Telephone directories
v. International subscribers dialing (ISD)
vi. Radiophone
vii. Public telephone booth

b. Telegram services

c. Telex services

d. Fax services

e. Global system of mobile telecommunication

f. Transmission through satellite

EVALUATION: Explain the term communication

ASSIGNMENT: Explain five(5) services of NITEL

TOPIC: Courier Services
REFERENCE BOOK
a. Essential commerce for S.S.S by O.A. Longe
b. Comprehensive commerce for S.S.S by Johnson Anyaele
c. Commerce for SSS by LI Alukannal et al
d. Basic commerce for West Africa by P.K Tawaiah


SUBTOPIC: Courier Services
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to: (a) define courier services (b) state functions of courier services.

CONTENT: Meaning/Definition of Courier Services
A courier is a company whose job is to take important document and parcels as fast as possible to their destinations. Most of the companies engaged in courier services are equipped with qualified personnel. Examples of courier companies are IMNL, DHL, UPS, IAS, Fedex etc.

Functions of courier services
a. They ensure quick delivery of valuable items (i.e. documents and parcels)
b. Their services are provided to people all over the country.
c. They provide air cargo and shipment services
d. They ensure safety and security of documents to be delivered to their customers
e. They provide evidence or proof of delivery of parcels.
f. Cash can be sent through courier firms for onwards delivery to named person.
g. Many people are gainfully employed in courier firms
h. They offer twenty four hours service
i. They provide personal services to the people
j. They offer business reply services

EVALUATION: Define courier services, give five(5) examples of courier companies

ASSIGNMENT: State five (5) functions of courier services.





SUBTOPIC: Computer services and satellite services
BEHAIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Explain computer services
b. State satellites services

CONTENT: Computer Services
These service include: Website, internet services and e-mail
- Internet services: Internet is a global network of computers and communication devices
- Benefits of internet to organization
- It reduces communication cost
- It accelerates the distribution and marketing product
- It facilitates commercial activities
- It facilitates banking services

Email is used to describe various system of sending data or messages electronically through telecommunication.
Benefits of e-mail includes speed, efficiency, economy and security

Satellites services: Satellites is an electronic device that is sent to space and move round the earth. It is used of communicating through radio, television and for providing information
Function of satellites to communication includes tele-education, rural telephony, revenue potentials, ICT backbone and life coverage of events.

EVALUATION: Explain computer services, Define satellites

ASSIGNMENT: State five (5) functions of interest to organization





SUBTOPIC: Revision of term's work
BEHAVIOURAL OBJECTIVES: At the end of the lesson, students should be able to:
a. Explain five(5) types of capital
b. State the used of capital
c. Highlight factors affecting profit of a business
d. Explains turnover, rate of turnover.
e. Stat factors that can increase rate of turnover
f. Explain functions of stock exchange
g. Give five(5) importance of stock exchange
h. Explain stock brokers, stock jobbers, the bull, the bear, the stag, bonds, debentures and gilt-edged securities
i. State the aims and objectives of second tier securities market
j. Differentiate between first tier and second tier securities market

CONTENT:
Capital, Meaning, Types, Characteristics and uses.

Profit and turnover: Meaning, types, rate of turnover, factor affecting rate of turnover.

Stock exchange: meaning, functions, importance and organizational set up

Speculation: Second tier securities market: meanings, functions, aims and objectives.

Communication: Meaning, importance, NIPOST services and NITEL services

EVALUATION:
a. Explain five (5) types of capital
b. State the uses of capital
c. Explain functions of stock exchange

ASSIGNMENT: State five (5) importance of stock exchange market