Government and Global Influence in Business

Public Finance - Principles of taxation

By the end of the lesson, the learner should be able to:

- State the principles of taxation
- Explain the characteristics of a good tax system
- Connect taxation principles to fairness in everyday transactions

In groups, learners are guided to:

- Discuss guidelines that ensure fairness, convenience and lower costs of taxation
- Use the internet or relevant books to search for information on the principles of taxation
- Share work with other groups in class

What is the role of taxation in economic development?

- Master Business Studies pg. 155
- Digital resources
- Reference books

- Oral questions - Observation

Government and Global Influence in Business

Public Finance - Requirements for tax compliance in Kenya
Public Finance - Tax exemption in Kenya
Public Finance - Types of custom duties in Kenya

By the end of the lesson, the learner should be able to:

- Explain the requirements for tax compliance in Kenya
- Describe the process of registering with KRA
- Apply knowledge of tax compliance to personal future responsibilities

In groups, learners are guided to:

- Search using the internet or relevant books for the requirements for tax compliance in Kenya
- Discuss and share the requirements for tax compliance
- Study KRA posters and identify information passed

What is the role of taxation in economic development?

- Master Business Studies pg. 157
- Digital resources
- KRA posters
- iTax portal images
- Master Business Studies pg. 159
- Reference books
- Master Business Studies pg. 161
- Resource person

- Oral questions - Written assignments

Government and Global Influence in Business

Public Finance - Trends and ethical issues in taxation
International Trade - Meaning and classification of international trade
International Trade - Importance of international trade

By the end of the lesson, the learner should be able to:

- Evaluate the trends in taxation in Kenya
- Identify ethical issues in taxation
- Relate ethical tax practices to responsible citizenship

In groups, learners are guided to:

- Use digital devices or print media to search for information on trends in taxation in Kenya
- Read and analyse case studies on ethical issues in taxation
- Write an article on the importance of taxation and present during clubs and societies

What is the role of taxation in economic development?

- Master Business Studies pg. 162
- Digital resources
- Case study extracts
- Master Business Studies pg. 168
- Charts
- Master Business Studies pg. 170
- Reference books

- Oral questions - Portfolio assessment

Government and Global Influence in Business

International Trade - Balance of trade and balance of payment
International Trade - Advantages of international trade
International Trade - Disadvantages of international trade

By the end of the lesson, the learner should be able to:

- Define balance of trade and balance of payment
- Differentiate between balance of trade and balance of payment
- Relate trade balance to a country's economic health

In groups, learners are guided to:

- Use available digital devices or relevant books to search for the meaning of balance of trade and balance of payment
- Discuss findings with group members
- Present findings to classmates

What are the benefits of international trade?

- Master Business Studies pg. 171
- Digital resources
- Charts
- Master Business Studies pg. 172
- Reference books
- Master Business Studies pg. 173

- Oral questions - Observation

Government and Global Influence in Business

International Trade - Terms of sale in international trade
International Trade - Terms of payment in international trade

By the end of the lesson, the learner should be able to:

- Define terms of sale in international trade
- Explain LOCO, FOR, DD and FAS terms of sale
- Apply terms of sale to pricing of imported goods

In groups, learners are guided to:

- Find out from the internet or relevant print materials information on the terms of sale used in international trade
- Write down and explain the terms found from the search
- Discuss findings in groups

What are the benefits of international trade?

- Master Business Studies pg. 174
- Digital resources
- Charts
- Master Business Studies pg. 175
- Reference books

- Oral questions - Written assignments

Government and Global Influence in Business

International Trade - Digital applications in international trade
International Trade - Local products for export

By the end of the lesson, the learner should be able to:

- Explore digital applications used in international trade
- Describe how technology facilitates international trade
- Link digital platforms to online shopping from foreign countries

In groups, learners are guided to:

- Use digital devices or print media to search for information on the appropriate digital applications or platforms used in international trade
- Discuss findings with group members
- Present findings to classmates

What are the benefits of international trade?

- Master Business Studies pg. 177
- Digital resources
- Internet access
- Master Business Studies pg. 178
- Survey tools
- Questionnaires

- Oral questions - Observation

Government and Global Influence in Business

International Trade - Local products for export

By the end of the lesson, the learner should be able to:

- Map local products that can be developed for export
- Analyse survey findings on local products
- Relate local crafts and products to income generation through export

In groups, learners are guided to:

- Analyse questionnaires from the survey
- Interpret results and identify local products with strong potential for export
- Present results to classmates

What are the benefits of international trade?

- Master Business Studies pg. 178
- Survey tools
- Digital resources

- Oral questions - Portfolio assessment

Government and Global Influence in Business
Financial Records in Business
Financial Records in Business

International Trade - Importance of international trade to an economy
Business Transactions - Meaning and types of business transactions
Business Transactions - Cash and credit transactions

By the end of the lesson, the learner should be able to:

- Summarize the importance of international trade in an economy
- Evaluate the role of international trade in economic development
- Relate international trade to Kenya's economic growth and development

In groups, learners are guided to:

- Discuss the importance of international trade in an economy
- Share experiences on how international trade affects daily life
- Present findings to other groups in class

What are the benefits of international trade?

- Master Business Studies pg. 179
- Digital resources
- Reference books
- Master Business Studies pg. 180
- Internet access
- Master Business Studies pg. 181
- Case study extracts

- Oral questions - Written assignments

Financial Records in Business

Business Transactions - Methods of payment for goods and services
Business Transactions - Survey on methods of payment in schools

By the end of the lesson, the learner should be able to:

- Identify methods used in making payments for goods and services
- Explain cash, cheque and mobile payment methods
- Relate payment methods to personal experiences when buying goods

In groups, learners are guided to:

- Study pictures showing methods of making payment for goods and services
- Search from the internet or relevant textbooks the methods used in making payments
- Role play different methods used in making payments

Which are the methods used in making payment for goods and services?

- Master Business Studies pg. 182
- Digital resources
- Pictures and photographs
- Master Business Studies pg. 183
- Charts
- Master Business Studies pg. 184
- Questionnaires
- Survey tools

- Oral questions - Observation

Financial Records in Business

Business Transactions - Advantages and disadvantages of payment methods
Effects of Business Transactions - Statement of financial position

By the end of the lesson, the learner should be able to:

- State advantages and disadvantages of various payment methods
- Compare different methods of payment
- Apply knowledge of payment methods to make informed choices when paying for goods

In groups, learners are guided to:

- Discuss advantages and disadvantages of cash payments, bank transfers, mobile money, credit/debit cards, cheques and online platforms
- Present findings to classmates
- Write summary notes on methods of payment

Which are the methods used in making payment for goods and services?

- Master Business Studies pg. 185
- Digital resources
- Charts
- Master Business Studies pg. 189
- Worked examples

- Oral questions - Written assignments

Financial Records in Business

Effects of Business Transactions - Effects of asset transactions
Effects of Business Transactions - Effects of liability transactions
Effects of Business Transactions - Effects of capital transactions

By the end of the lesson, the learner should be able to:

- Analyse effects of asset transactions on the statement of financial position
- Explain how purchase and sale of assets affect the statement of financial position
- Connect asset transactions to changes in personal property ownership

- Read transactions carried out by a business and complete a table showing effects
- Discuss the effects of asset transactions on the statement of financial position
- Present findings to other learners in class

How do business transactions affect the statement of financial position of a business?

- Master Business Studies pg. 190
- Digital resources
- Worked examples
- Master Business Studies pg. 192
- Reference books
- Master Business Studies pg. 193

- Oral questions - Observation

Financial Records in Business

Effects of Business Transactions - Computing effects of transactions
Effects of Business Transactions - Adjustments to statement of financial position
Effects of Business Transactions - Adjustments to statement of financial position

By the end of the lesson, the learner should be able to:

- Compute the effects of transactions on the statement of financial position
- Calculate adjustments to various entries on the statement of financial position
- Apply computation skills to track changes in business value

In groups, learners are guided to:

- Study a statement of financial position and calculate the effects of transactions that follow
- Discuss work with group members
- Present work to classmates

How do business transactions affect the statement of financial position of a business?

- Master Business Studies pg. 195
- Digital resources
- Calculators
- Master Business Studies pg. 197
- Worked examples
- Master Business Studies pg. 199

- Oral questions - Written assignments

Financial Records in Business

Effects of Business Transactions - Preparing statement of financial position after adjustments
Source Documents and Books of Original Entry - Meaning and importance of source documents
Source Documents and Books of Original Entry - Meaning and importance of books of original entry

By the end of the lesson, the learner should be able to:

- Prepare a statement of financial position after adjustments
- Determine the net worth of a business after adjustments
- Apply statement preparation skills to assess business financial health

In groups, learners are guided to:

- Draw a statement of financial position to determine the net worth of a business after adjustments
- Present work to classmates
- Write summary notes on preparing statement of financial position

How do business transactions affect the statement of financial position of a business?

- Master Business Studies pg. 200
- Digital resources
- Worked examples
- Master Business Studies pg. 205
- Sample source documents
- Master Business Studies pg. 207
- Reference books

- Oral questions - Portfolio assessment

Financial Records in Business

Source Documents and Books of Original Entry - Types of source documents

By the end of the lesson, the learner should be able to:

- Identify receipts and invoices as source documents
- Explain the purpose of receipts and invoices in business
- Relate receipts and invoices to documents received when buying goods

In groups, learners are guided to:

- Study the mind map showing types of source documents
- Search from the internet or relevant textbooks for information on receipts and invoices
- Discuss findings with group members

What are the source documents used in bookkeeping?

- Master Business Studies pg. 209
- Digital resources
- Sample receipts and invoices
- Master Business Studies pg. 210
- Sample credit and debit notes
- Master Business Studies pg. 211
- Sample documents

- Oral questions - Observation

Financial Records in Business

Source Documents and Books of Original Entry - Types of books of original entry
Source Documents and Books of Original Entry - Sales journal
Source Documents and Books of Original Entry - Sales journal

By the end of the lesson, the learner should be able to:

- Identify types of books of original entry
- Explain the purpose of each book of original entry
- Connect books of original entry to organized business record keeping

In groups, learners are guided to:

- Search from the internet or relevant textbooks for information about the types of books of original entry
- Brainstorm and present on the types of books of original entry
- Make summary notes on the types of books of original entry

Why are the books of original entry important in bookkeeping?

- Master Business Studies pg. 212
- Digital resources
- Charts
- Master Business Studies pg. 213
- Worked examples
- Master Business Studies pg. 214
- Practice exercises

- Oral questions - Written assignments

Financial Records in Business

Source Documents and Books of Original Entry - Sales returns journal
Source Documents and Books of Original Entry - Purchases journal

By the end of the lesson, the learner should be able to:

- Draw the format of a sales returns journal
- Record business transactions in a sales returns journal
- Connect sales returns journal to tracking goods returned by customers

In groups, learners are guided to:

- Search from the internet or relevant textbooks the format of a sales returns journal
- Record given transactions in a sales returns journal
- Discuss work with group members

Why are the books of original entry important in bookkeeping?

- Master Business Studies pg. 215
- Digital resources
- Worked examples
- Master Business Studies pg. 217

- Oral questions - Written assignments

Financial Records in Business

Source Documents and Books of Original Entry - Purchases returns journal

By the end of the lesson, the learner should be able to:

- Draw the format of a purchases returns journal
- Record business transactions in a purchases returns journal
- Connect purchases returns journal to tracking goods returned to suppliers

In groups, learners are guided to:

- Search from the internet or relevant textbooks the format of a purchases returns journal
- Record given transactions in a purchases returns journal
- Discuss work with group members

Why are the books of original entry important in bookkeeping?

- Master Business Studies pg. 219
- Digital resources
- Worked examples

- Oral questions - Written assignments

Financial Records in Business

Source Documents and Books of Original Entry - Cash receipts journal
Source Documents and Books of Original Entry - Cash payments journal
Source Documents and Books of Original Entry - General journal

By the end of the lesson, the learner should be able to:

- Draw the format of a cash receipts journal
- Record business transactions in a cash receipts journal
- Relate cash receipts journal to tracking money received by businesses

In groups, learners are guided to:

- Search from relevant textbooks for information on how to record business transactions in a cash receipts journal
- Record given transactions in a cash receipts journal
- Discuss work in groups

Why are the books of original entry important in bookkeeping?

- Master Business Studies pg. 222
- Digital resources
- Worked examples
- Master Business Studies pg. 224
- Master Business Studies pg. 226

- Oral questions - Written assignments