Student Training for Entrepreneurial Promotion – Session 07 Book-Keeping I

TEACHING PLAN SESSION 07 – BOOK-KEEPING I

Total: 180 minutes

Content Students should: Methodology Duration

Importance of Bookkeeping
 What is Bookkeeping  outline importance of  Lecture 15 min
 Why keep records/ books? bookkeeping
 Ways of effective  list users of business
records and their
bookkeeping
information needs
 develop better ways of
book keeping

Keeping Documents

 Keeping the documents  analyze and keep business  Lecture 15 min

 Keep separate books documents  Discussion
 Business versus Private  keep separate books for
transactions easy analysis
 separate business
transactions from private
transactions

Cash Book

 What is a cash book?  list money in  Lecture 50 min

 Preparation of a cash book  list money out  Exercise
 Cash control tips  draw a cash book  Discussion
 control cash

Credit transactions – buying and selling on credit

 Selling on credit  record and analyze all  Lecture 50 min

 Buying on credit  credit sales  Discussion
 Credit book  record and analyze all  Exercises
credit purchases
 Debtors book
 record and analyze all
 Creditors book credit expenses
 monitor credit balances

Product Costing and Pricing

 Product costing  compute the costs of your  Lecture 50 min

 Product pricing products  Exercise
 compute the factors that
affect price setting
 set prices for you products