EASTHILL COLLEGE

CONTINUOS ASSESSEMENT LEARNING ACTIVITY

(CALA)

LEARNING AREA: PRINCIPLES OF ACCOUNTING

CODE: 4051

FORM: 4

CALA: 1

TERM:

YEAR: 2022

Copyright: Easthill College, CA 2022

TEACHER’S GUIDE

SUBJECT PRINCIPLES OF LEVEL FORM 4

ACCOUNTING
CALA Type Practical activities
Pen and paper
Topic Profit Making Organisations

Concepts/Skills · Data collection on sales

· Data representation of daily sales

· Problem solving through provision of goods

· Critical thinking in running the tuck - shop

· Financial literacy on the preparation of financial records

· Entrepreneurial skills

Dimensions/Criteria to · Business Proposal and raising capital

be assessed
· Procuring the goods from suppliers
· Operating the business at a profit
· Preparing financial statements of the business

Objectives to be · Carry out fundraising activities to raise capital

Assessed
· Run the business at a profit
· Prepare relevant financial statements
· Showcase entrepreneurial skills

CALA Context

Learners will start and run a business in order to raise money to assist pay school fees and buy
enough learning resources for underprivileged learners. They will develop their entrepreneurial
skills as they operate the business and generate funds that will cater for underprivileged learners.

Teacher Notes :-

Monitors learners as they operate the business in compliance with the school rules and
procedures.
Supervises hand over takeover by learners from one learner to another.
Liaises with the school Accounting assistant on the safekeeping of business funds.
Entertains new ideas in line with entrepreneurship.

Table: Daily Record of Sales

Basket of V U W X Y Z
Goods
Day 1
Day 2
Day 3
“
“
“
Day 14

MARKING GUIDE

1. Carrying out fundraising activities (group work) [10]

2. Buying ofthe goods (group work) [10]

3. Selling s trategies of the goods [20]

4. Accounting Ratios: - Turnover/Net Sales [2]

Mark up [2]

Margin [2]

Cost of Sales [2]

Total expenses [2]

Net Profit Percentage [2]

Rate of Stock turnover [3]

Data representation: Using illustrations [6]

Bar graph/histogram

Pie chart

Line graph

5. Preparation of the: - Income Statement [7]

Budget [7]

6. Demonstration of entr epreneurial skills [10 ]

Leadership, Communication, Marketing, Planning, Organizing, Co -ordination, Team -

work, Accounting, Problem solving, Critical thinking, Advertising, Innovation,
Creativity, Honest, Degree of commitment, Flexibility, Confid ence, Motivation,
Determination, Decision making, Accountability, Risk taking
.

7. Report writing: - Detailed report [12]

Attach financial rec ords [3]