Commerce Scheme of Work Lagos NAPPS (SS1 – SS3)
Lagos Scheme of Work for Commerce – Napps Edudelight.com
Commerce Scheme of work Lagos – Napps
Second Term SS1 Commerce Scheme of Work Lagos State NAPPS
| WEEKS | TOPICS |
| 1 | Introduction to commerce |
| 2 | Historical Background of commerce |
| 3 | Career Opportunities |
| 4 | Occupation |
| 5 | Production |
| 6 | Specialization |
| 7 | Trade |
| 8 | Classification of Retail Trade |
| 9. | Modern trends in Retailing |
| 10 | Wholesale Trade |
| 11 | REVISION |
| 12 | EXAMINIATION |
Second Term SS2 Commerce Scheme of Work Lagos State NAPPS
WEEKS TOPICS
- Revision/Public Enterprises.
- Meaning, formation and management of public enterprises.
- Sources of capital, reasons for govt. ownership of public enterprises, Advantages and disadvantages.
- Limited Companies.
- Meaning, Types, Private, Public
- Formation legal requirement (a) memorandum of association (b) article of association.
- Limited Companies (cont’d)
- Source of Capital
- Shares (b) Stocks (c) Debentures (d) Retained Profits (e) Loan and Over-draft (f) Trade Credit (g) Leasing, factoring. Advantages and disadvantages.
- Cooperative societies – Definition, history, characteristics, Types of cooperative societies, advent
- Ages and disadvantages, problems of cooperative societies, similarities and differences between cooperative society and company.
- Commodity Exchange
- Meaning, Tradable, types: Agricultural produce, solid minerals, oil and gas, etc.
- Requirement for trading: trading system, ware housing, clearing system, standardizing methods
Agricultural production, Agricultural product.
- Benefits of commodity exchange, encourage exploration of solid minerals, foreign exchange earing, improved agricultural output and quality.
- Constraints to commodity trading, inadequate supply, poor storage, bad weather, middlemen, ethical issues, inadequate knowledge of the workings on commodity exchange. Differentiate between commodities and stock items traded intangible, tangible etc. method of pricing.
- Buying and selling (Documents) procedures of buying and selling, essential documents: – letter of enquiry, invoice, credit note, debit notes, receipts, quotation, catalogue, etc.
- Terms of Trade:
- Trade discount, cash discount, quality discount, carriage forward prompt delivery, carriage paid etc. Trade abbreviations: C.O.D, C.I.F, F.O.B, F.O.T, and E and O.E.
- Terms of Trade cont’d.
- Exams.
- Exams.
Second Term SS3 Commerce Scheme of Work Lagos State NAPPS
WEEKS TOPICS
- Business Law.
- Meaning, Branches of commercial Law e.g, Law of contract, Hire purchase, Sales of goods, Agency etc.
- Law of contract.
- Definition of contract.
- Classification of contract.
- Essential element of valid contract.
- Types of Contract.
- Termination of contract.
- Remedies for branch of contract.
- Terminologies used in contract.
- Law of Agency.
- Definition of Agency.
- Types of Agent.
- Appointment of Agent.
- Duties and Right of Principals.
- Termination of Agency.
- Hire Purchase / Instalmental payment / Deffered Payment.
- Meaning, features of Hire purchase, parties to Hire purchase, conditions for Hire purchase.
- Merits and demerits of the Hire Purchase, termination of Hire purchase.
- Contract of Sales of Goods.
- Definition of sales of good.
- Terms of contract of sale.
- Provision of sales of goods Act of 1893.
- Terminologies associated with contract of sale.
- Contract of Employment.
- Meaning (Employer & Employee).
- The employer: duties & rights.
- The employee: Duties and Rights.
- Government Regulation of Businesses.
- Meaning, methods of government regulation of Business e.g Business Registration, Patent Right, Trademark, Copy Right etc.
- Document required for Business establishment.
- Structure of Business.
- Organization structure / set-up.
- Organization chart, Short notes, Authority and Responsibility, Span of Control, Scalar Chain of Command and, Unity of Command and Unity of Directions etc.
- Introduction to Business Management.
- Meaning of Business.
- Business Resources.
- Objective of Business.
- Management: Meaning and Functions.
- Business Environment.
- Departmentalization and Functions of each Department.
- Social responsibilities.
11&12. Revision & Exams.
Second Term SS1 Commerce Lagos Scheme of Work NAPPS
| SSS 1 |
| WEEK 1; Revision of last term’s work – Explanation of retail trade – Classification of retail trade into small and large scale with diagrams Week 2; Characteristic, advantages and disadvantages of each type of small-scale retailing. Also merits and demerits of each e. g. hawking, mobile shops and road side traders Week 3; Characteristics, advantages and disadvantages of each type of large-scale retailer e. g. supermarket, mail order etc. advantages and disadvantages of each. Week 4; Modern trend in retailing e. g. Branching self-service, vending machine etc. Week 5; Characteristics and advantage of each: -Whole sale trade – Meaning of wholesale – Types of wholesale and functions of wholesale. Week 6; Arguments for and against elimination and survival of wholesaler’s channel of distribution. – Factors for the choice of the channel. Week 7; Foreign trade – meaning and types with diagram. – Advantages and disadvantages of foreign trade. Barriers to foreign trade. Week 8; Foreign Trade (cont’d) – Visible and invisible trade – Terms of trade comparison – Concepts in foreign trade – Invisible exports and visible and invisible import as expressed in price. Week 9; Balance of payment and counter trade. – Export procedures involved in foreign trade. Week 10; Documents used in foreign trade and their process e. g. consular invoice, bill of lading, indent, airways bill, insurance certificate etc. Week 11; Revision Week 12; Examination |
Second Term SS2 Commerce Scheme of Work Lagos State NAPPS
| SSS 2 |
| Week 1; Revision of 1st term’s work Credit – meaning, sources types e. g. mortgage, loan and overdraft, credit purchase, finance houses etc. Week 2; Credit (continued): – Functions of credit: to retailer and wholesaler. – Credit instrument: bill of exchange, promissory notes, letter of credit, credit card etc. Week 3; Trade associations: – Aims and functions, chamber of commerce. – Aims and functions. Week 4; Other forms of trade associations – consortium, cartel, amalgamation/merger, trust, holding, price rings, syndicate. Week 5; Insurance – definition its importance to business and individual, history of insurance, insurable and non-insurable risks. Basic principle insurable interest, indemnity, utmost good faith etc. Week 6; Types of insurance: – Life insurance, Whole life and endowment – Non-life insurance – Motor vehicle – Fire – Fidelity – Burglary/robbery/theft – Accidents – Marine – Export credits etc. Week 7; Consumer protection: – Meaning, the need for consumer protection, Government legislation in food and drug Act 1955, weight and measure act of 1963, price control decree of 1970, trade description act of 1968 etc. Week 8; Consumer protection control: – Instrument of protection, organ or agencies of consumer protection e. g. – Consumer association – Manufacturer association – Rent tribunal – Price control board etc. Week 9; Transportation: – Meaning and importance, forms of transport; land, water, air and pipeline, advantages and disadvantages of each, choice of transportation. Week 10; Documents involved in transportation, advice note, bill of lading, freight note etc. terminologies associated with transportation. Week 11; Revision Week 12 – 13; Examination |
Second Term SS3 Commerce NAPPS Scheme of Work
| SSS 3 |
| Week 1; Introduction to marketing: – Meaning, functions and importance of market. – Types of market, marketing concept, marketing mix Week 2; Market segmentation and types: – Market research – Advertising – meaning, types and methods – Advertising, media, merits and demerits of each medium. – Sales promotion, forms etc. Week 3; Meaning of business document: Means of payment – legal tender, e. g. coins, bank note, through the bank – e. g. cheque, western union, electronic money transfer, money gram, standing order, bank draft.Through the post office – e. g. credit transfer, stamps credit card, telegraphic transfer. Week 4; Privatization and commercialization: – Meaning of privatization and commercialization – Merits and demerits of privatization and commercialization. – Deregulation – meaning, advantages and disadvantages. Week 5; Economic group in West Africa – Meaning of economic groupings. – ECOWAS – History, member countries, objective, achievement, problems etc. – Niger basin commission (NBC) – History, member countries, objectives, achievement problems, problems, Lake Chad Basin Commission (LCBC) – History, member countries, objectives achievements, problems. Week 6; Economic grouping in West Africa (cont’d) – West African Clearing House (WACH) – History, member countries, objectives achievements problems. – Mano River Basin Commission (MRBC) – History, member countries, objectives, achievement, problems. Week 7 – 8; MOCK EXAMINATION Week 9 – 13; WAEC EXAMINATION |
Third Term SS1 Commerce Lagos Scheme of Work NAPPS
| 022 | COMMERCE |
| 1 | Revision of last term’s work/Documents used in foreign trade and their Processes e.g. Consular Invoice, Bill of Lading, Invoice etc. |
| 2 | Customs and Excise Authority: – Functions of the customs and excise authority – Preventive services and tax duties – Export promotion council and functions |
| 3 | Nigerian Ports Authority (NPA) – Meaning of Nigerian Ports Authority – Functions and relationship with the department of customs and excise – Nigerian Airport Authority (NAA – Meaning and functions and relationship with Virgin Nigeria formally Called Nigeria Airways. |
| 4 | Business Organisation: – Sole Proprietorship – Meaning and features – Sources of capital – Advantages and disadvantages |
| 5 | Partnership – Meaning, formation and terms of agreement, characteristics, sources of Capital – Types of partnership, nominal, dormant and limited partnerships. |
| 6 | Kinds of partners and rights of partners – Advantages and disadvantages – Balance sheet, terms of partnership – Conditions and dissolution |
| 7 | Money – Meaning – Evolution – Functions – Qualities – Forms/types of money |
| 8 | Banks – Meaning and history of banking – Types of banks – Central banks, Commercial banks, Saving banks etc. – Central Bank of Nigeria(CBN) – Origin – Functions |
| 9 | Savings and Specialized banks e.g. Savanna banks, Federal Savings bank, Mortgage banks, Building Societies – Specialized banks e.g. Nigeria Industrial Development banks e.g. Nigeria Agricultural (NACRED) and Merchant banks – Micro Finance |
| 10 | Cheque – meaning and features of cheque – Types – Advantages, parties to a cheque – Dishonoured cheques – why Banks dishonor cheques |
| 11 | Revision |
| 12 | Examination |
Third Term SS2 Commerce NAPPS Scheme of Work
| 022 | COMMERCE |
| 1 | Revision of last term’s work Warehousing – meaning, importance of warehousing. Functions of warehousing, types of warehousing |
| 2 | History of Nigerian Capital Market – 1946 (Development loan stock) – 1960 (Lagos State Exchange Act) – 1962 (Capital Issue Commission – 1979 (SEC Commission Decree 71) etc. |
| 3 | The Stock Exchange: – Meaning, function, organization set-up. Procedure of Transaction in the stock exchange, speculations in stock Exchange, speculations in stock exchange e.g. Bears, Bull, Stags, Jobbers and Brokers. – Types of securities e.g. debentures, stock, shares, bond etc – Importance of stock exchange. |
| 4 | Second-tier Securities Market: – Meaning, Listing of companies for the market – Advantages of companies and to the investing public, Operating regulations. |
| 5 | Capital: – Meaning – Accountant points of view – Economics points of view – Laymen’s understanding – Types of capital e.g. Authorised, Issued called up, paid up. Capital employed, capital owned, working capital/circulating capital etc. |
| 6 | Capital (contd.) – Importance of working capital – Calculations of working capital – Profit, meaning (a) Accountant points of view of profit (b) Economical of point of view of profit (c) Laymen’s understanding of profit (d) Definition of profits. |
| 7 | Profit – types of profit e.g. Gross profit, Net Profit – Items in the trading, Profit and Loss Account – Uses of Trading Profit and Loss Accounts – Factors affecting profits – Calculations of Gross Profits and Net Profit |
| 8 | Profit (continued) – Turnover: meaning, factors that affect turnover – Relation of capital to turnover, calculation of capital to Turnover – Rate of turnover – Percentage of gross or net profit to turnover – explanation of variation in turnover in different types of Business |
| 9 | Communication – Meaning, importance of communication Nigeria traditional means of communication e.g. Drum, Guns, Palm front etc. – Barriers to effective communication |
| 10 | Communication (contd.) – Post office as a means of communication Post Services e.g. ordinary post, registered post, express letter, parcel, post-restante, overseas letter etc. – Telecommunication service e.g. Telephone, local call, Trunk call, international call, subscribers trunk dialing (STD), global mobile service (GSM), Private Branch Exchange (PBE), telegram, radiophone, telephone directory, cablegram, satellites, telex etc. |
| 11 | Revision |
| 12 | Examination |
