Recent Scheme of Work on Commerce

Syllabus for Senior Secondary




FIRST TERM
SSS 1 SSS 2 SSS 3
WEEK 1: Revision
WEEK 1: Revision
WEEK 1: Revision
WEEK 2

Theme: Basic Information

Topic: Introduction to Commerce

Sub-Topic:
Content:
1. Meaning
2. Scope
3. Functions
4. Characteristics
5. E-Commerce :
meaning
functions
WEEK 2

Theme: Associations And Enterprises

Topic: Career Opportunities

Sub-Topic:
Content:
1. Types of occupation.
2. Career opportunities
3. Requirements for different careers.
WEEK 2

Theme: Business Capital And Customer Services

Topic: Capital

Sub-Topic:
Content:
1. Meaning
Economists concept ;
Accountants concept
Layman's concepts.
2. Types :
Authorized, registered, nominal, issued capital, called up, paid up capital, capital employed, liquid/circulating capital.
3. Calculation of working capital
4. Importance of working capital
WEEK 3

Theme: Basic Information

Topic: Introduction to Commerce

Sub-Topic:
Content:
1. Meaning
2. Scope
3. Functions
4. Characteristics
5. E-Commerce :
meaning
functions (Cont.)
WEEK 3

Theme: Associations And Enterprises

Topic: Cooperative Societies

Sub-Topic:
Content:
1. Definition
2. Formation
3. Characteristics
4. History of cooperative movement
WEEK 3

Theme: Business Capital And Customer Services

Topic: Credit & Profit

Sub-Topic:
Content:
1. Meaning of Credit
2. Sources :
Mortgage
Loans and Overdraft
Hire purchase
Finance Houses, etc
3. Functions of Credit to:
Retailer
Wholesaler
4. Credit instruments
5. Meaning of Profit
6. Types :
Gross profit
Net profit
7. Calculations of gross profit, and net profit,
Percentage of gross profit or net profit to turnover.
WEEK 4

Theme: Basic Information

Topic: History of Commerce

Sub-Topic:
Content:
1. Historical background.
2. Factors affecting the growth of Commerce
3. The barter system
WEEK 4

Theme: Associations And Enterprises

Topic: Cooperative Societies

Sub-Topic:
Content:
1. Types :
Consumer
Producer
Wholesaler
Retailer
Thrift and credit societies
Multi-purpose
2. Advantages and disadvantages
3. Problems of cooperative societies
WEEK 4

Theme: Business Capital And Customer Services

Topic: Turnover

Sub-Topic:
Content:
1. Meaning
2. Relationship of capital investment to turnover.
3. Calculation of rate of turnover.
4. Calculation of gross profit/net profit to turnover.
5. Variations in different types of business.
WEEK 5

Theme: Basic Information

Topic: History of Commerce

Sub-Topic:
Content:
1. Historical background.
2. Factors affecting the growth of Commerce
3. The barter system (Cont.)
WEEK 5

Theme: Associations And Enterprises

Topic: Public Enterprises

Sub-Topic:
Content:
1. Meaning
2. Formation and management
3. Sources of capital
4. Reasons for government ownership.
5. Advantages and disadvantages.
WEEK 5

Theme: Establishment And Management Of Business

Topic: Business Law & Structure of Business

Sub-Topic:
Content:
1. Branches of commercial law e.g. sale of goods, contract, agency, hire purchase, etc.
2. Principles of agency.
3. Rights and obligations of employer and the employee.
4. Government regulations of business :
. Registration of business ;
Patent e.g. intellectual property;
Trade mark
Copyrights.
5. Organizational set-up
6. Authority
7. Responsibility 8. Span of control
9. Inter and intra departmental communications.
WEEK 6

Theme: Basic Information

Topic: Occupation

Sub-Topic:
Content:
1. Meaning
2. Classification Industrial occupation Commercial occupation Services occupation
3. Factors that determine types of occupation and employment
WEEK 6

Theme: Associations And Enterprises

Topic: Public Enterprises

Sub-Topic:
Content:
1. Meaning
2. Formation and management
3. Sources of capital
4. Reasons for government ownership.
5. Advantages and disadvantages. (Cont.)
WEEK 6

Theme: Establishment And Management Of Business

Topic: Introduction to Business Management

Sub-Topic:
Content:
1. Meaning of business
2. Meaning of management
3. Business resources :
Man
Money
Materials
Opportunities/ goodwill
4. Objective of business.
5. Management of business
6. Business organization :
Departments;
Functions;
Organizational charts.
7. Business and its environment.
8. Social responsibilities of business :
Scholarship award
Employment of people in the community.
Sponsoring sports and games on radio/television·
Provision of social amenities
Sponsoring educative programme on radio and television .
WEEK 7

Theme: Basic Information

Topic: Occupation

Sub-Topic:
Content:
1. Meaning
2. Classification Industrial occupation Commercial occupation Services occupation
3. Factors that determine types of occupation and employment (Cont.)
WEEK 7

Theme: Associations And Enterprises

Topic: Limited Companies

Sub-Topic:
Content:
1. Meaning
2. Types Private Public
3. Formation
legal requirements
Memorandum of Association and Articles of Association.
Certificate of Registration, etc.
WEEK 7

Theme: Establishment And Management Of Business

Topic: Introduction to Marketing

Sub-Topic:
Content:
1. Meaning of marketing.
2. Importance and functions of marketing in an economy.
3. Marketing concept and marketing mix :
Product
Price
Place
Promotion
WEEK 8

Theme: Basic Information

Topic: Production, Division of Labour, Specialization and Exchange

Sub-Topic:
Content:
1. Meaning :
Production and division of Labour; Specialization Exchange
2. Classification of production
Primary
• Industry extractive manufacturing construction
Secondary
• Trade; Aids to trade
Tertiary
• Direct and indirect
WEEK 8

Theme: Associations And Enterprises

Topic: Limited Companies

Sub-Topic:
Content:
1. Sources of capital :
Shares
Stocks
Debentures
Retained profits
Loans and overdraft
Trade credit
Equipment leasing·
Factoring
2. Advantages and disadvantages.
WEEK 8

Theme: Establishment And Management Of Business

Topic: Consumer Protection

Sub-Topic:
Content:
1. Need for protection
2. Consumer rights
3. Consumerism
4. Instruments for protection e.g.
legislations such as: Trade Description Act of 1968;
Sale of Goods Act of 1979;
Standard Organization of Nigeria;
National Agency for Foods and Drug Administration (NAFDAC);
Rent tribunals;
Sanitary inspection;
Environmental protection Agencies
Consumers' Associations;
Manufacturers Association of Nigeria (MAN);
Consumer Protection Agency;
Professional bodies like ICAN, ANAN, NBA, NMA, NSE, etc.
WEEK 9

Theme: Basic Information

Topic: Production, Division of Labour, Specialization and Exchange

Sub-Topic:
Content:
1. Meaning :
Production and division of labour; Specialization Exchange
2. Classification of production
Primary
• Industry extractive manufacturing construction
Secondary
• Trade; Aids to trade
Tertiary
• Direct and indirect (Cont.)
WEEK 9

Theme: Associations And Enterprises

Topic: Trade Associations and Other enterprises

Sub-Topic:
Content:
1. Trade Associations :
Aims
Functions
2. Chambers of Commerce
Aims
Functions
Structure
3. Consortium
4. Cartel
5. Amalgamation/ merger/ combine
6. Trust
7. Holding
WEEK 9

Theme: Establishment And Management Of Business

Topic: Business Documents

Sub-Topic:
Content:
1. Essential Business Documents:
Letter of inquiry, invoice, credit, receipt, quotation, amphtmlue, price list, delivery notes, advice notes, consignment notes, preformat invoice, statement of accounts, and debt note, etc.
2. Trade terms and abbreviations :
Trade of Discount
COD (Cash on Delivery)
CIF (Cost Insurance Freight)
FOR (Force on Rail)
FAS (Force Alongside Slip)
3. Terms of trade :
Cash, credit payment in arrears (deferred payment)
4. Means of payment:
Legal tender e.g. coins, bank note.
Through the banks, e.g. cheque, western union, electronic money transfer, money gram.
Standing order
Bank drafts
Through the post office e.g. credit transfer (Bank coins) stamps, credit card, value card, promissory note, telegraphic transfer, mail transfer, bills of exchange travelers cheque)

WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION
SECOND TERM
SSS 1 SSS 2 SSS 3
WEEK 1: Revision
WEEK 1: Revision
WEEK 1: Revision
WEEK 2

Theme: Trade And Business Organizations

Topic: Trade

Sub-Topic:
Content:
1. Types of trade Home trade foreign trade Entrepot trade
2. Relationship between/arno ng the different types of trade.
WEEK 2

Theme: Aids To Trade

Topic: Transportation

Sub-Topic:
Content:
1. Meaning
2. Importance
3. Forms
Land
Water
Air
Pipeline
WEEK 2

Theme: Establishment And Management Of Business

Topic: Commercialization

Sub-Topic:
Content:
1. Meaning of commercialization ;
2. Reasons for commercialization of public enterprises.
3. Advantages and disadvantages of commercialization.
WEEK 3

Theme: Trade And Business Organizations

Topic: Trade

Sub-Topic:
Content:
1. Types of trade Home trade foreign trade Entrepot trade
2. Relationship between/among the different types of trade. (Cont.)
WEEK 3

Theme: Aids To Trade

Topic: Transportation

Sub-Topic:
Content:
1. Advantages and disadvantages of transportation.
2. Documents
3. Functions of Ports authority and Airport Authority.
WEEK 3

Theme: Establishment And Management Of Business

Topic: Privatization

Sub-Topic:
Content:
1. Meaning of privatization.
2. Reasons for privatization.
3. Advantages and disadvantages of privatization.
4. Difference between commercialization and privatization.
WEEK 4

Theme: Trade And Business Organizations

Topic: Home Trade

Sub-Topic:
Content:
1. Meaning of Home trade.
2. Characteristics and functions of retail trade.
3. Factors to be considered in setting up a retail trade.
4. Discuss small scale retailer e.g. hawker, mobile shops, etc.
WEEK 4

Theme: Aids To Trade

Topic: Communications

Sub-Topic:
Content:
1. Communications Types :
Oral
Written
Visual
Non-verbal, etc
2. Advantages and disadvantages of communication.
3. Nigerian traditional means of communication e.g. gongs, drum, etc.
WEEK 4

Theme: Establishment And Management Of Business

Topic: Deregulation

Sub-Topic:
Content:
1. Meaning
2. Advantages
3. Disadvantages
WEEK 5

Theme: Trade And Business Organizations

Topic: Home Trade

Sub-Topic:
Content:
1. Large scale retailer e.g. supermarket, mail order, etc.
2. Modern trends in retailing (branding, self-service), etc.
3. Main characteristics of large scale and small scale retailers.
WEEK 5

Theme: Aids To Trade

Topic: Communications

Sub-Topic:
Content:
1. Postal telegraphic and telephone services as provided by NIPOST and NITEL.
2. Satellite, Nigerian SAT I and II, Global system for mobile telecommunication.
3. Courier services
WEEK 5

Theme: Capital Market

Topic: History of the Nigerian Capital market

Sub-Topic:
Content:
1. 1946: Development loan stock (first issue)
2. 1960: Lagos Stock Exchange Act.
3. 1962: Capital Issue Committee
4. 1979: Capital Issue Commission
5. 1979: Securities and Exchange Commission Decree No. 71.
6. 1985: Second tier Securities Market (SSM)
7. 1999: Investment and Securities Act.
WEEK 6

Theme: Trade And Business Organizations

Topic: Home Trade

Sub-Topic:
Content:
1. Advantages and disadvantages of large and small scale retailers.
2. Reasons why retail business may fail.
3. Wholesale trade :
Channels of distribution
Survival process
Functions of agent
Types of warehouses
Necessary document.
WEEK 6

Theme: Aids To Trade

Topic: Communications

Sub-Topic:
Content:
1. Computer appreciation
2. Internet
3. E-mail
WEEK 6

Theme: Capital Market

Topic: Stock Exchange (SE)

Sub-Topic:
Content:
1. Stock Exchange :
Meaning
Function
Importance
2. Organizational setup and. transactions at the stock exchange.
3. Stock Exchange Securities:
Meaning
Types
(a) Shares
(b) Stocks
(c) Bonds
(d) Gilt-edged
(e) Debentures
4. Capital Markets:
Meaning
Methods of raising funds:
(a) Offer for sale
(b) Offer for subscription
(c) Rights issue
(d) Private placement
5. Speculation :
Meaning
Speculators
6. Bodies :
Public companies
Government
WEEK 7

Theme: Trade And Business Organizations

Topic: Foreign Trade (International)

Sub-Topic:
Content:
1. Meaning of foreign trade.
2. Types of foreign trade :
Bi-Lateral foreign trade.
Multi-lateral trade.
3. Advantages and disadvantage
s of foreign trade.
4. Barriers to foreign trade.
WEEK 7

Theme: Aids To Trade

Topic: Advertising

Sub-Topic:
Content:
1. Advertising
Meaning
Role
2. Types of advertising
Informative
Persuasive
Competitive
Mass and specific
WEEK 7

Theme: Capital Market

Topic: Second Tier Securities Market (SSM)

Sub-Topic:
Content:
1. Meaning
2. Advantages to the companies and the investing public.
3. Operating regulations
4. Primary and secondary markets/firsttier and second-tier
WEEK 8

Theme: Trade And Business Organizations

Topic: Foreign Trade (International)

Sub-Topic:
Content:
1. Division of foreign trade
2. Procedures for foreign trade.
3. Balance of trade and balance of payment
WEEK 8

Theme: Aids To Trade

Topic: Advertising

Sub-Topic:
Content:
1. Methods of Advertising
Direct
Indirect
2. Media of advertising
Cinema
Windows display
amphtmlues
Hoarding (bill boards), etc
WEEK 8

Theme: Capital Market

Topic: Economic Groupings in West Africa

Sub-Topic:
Content:
1. Economic Community of West African States (ECOWAS):
History
Member countries
Objective
Achievements
Problems
2. Niger Basin Commission (NBC)
History
Member countries
Objectives
Achievements
Problems
3. Lake Chad Basin Commission (LCBC)
History
Member countries
Achievements
Problems
WEEK 9

Theme: Trade And Business Organizations

Topic: Foreign Trade (International)

Sub-Topic:
Content:
1. Tariffs and reasons for the imposition of tariff.
2. Tools for trade restriction and export promotion.
3. Functions of Customs and Excise,
Nigerian Export Promotion Council,
Nigerian Airport Authority and Nigeria Ports Authority.
WEEK 9

Theme: Aids To Trade

Topic: Advertising

Sub-Topic:
Content:
1. Advertising
Merits
Demerits
2. Consumer protection in advertising
WEEK 9

Theme: Economic Groupings In West Africa

Topic: Economic Groupings In West Africa (Cont.)

Sub-Topic:
Content:
1. Economic Community of West African States (ECOWAS):
History
Member countries
Objective
Achievements
Problems
2. Niger Basin Commission (NBC)
History
Member countries
Objectives
Achievements
Problems
3. Lake Chad Basin Commission (LCBC)
History
Member countries
Achievements
Problems
4. West African Clearing House WACH):
History
Member countries
Objectives
Achievements
Problems
Mano River Basin:
History
Member countries
Objectives
Achievements
Problems

WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION
THIRD TERM
SSS 1 SSS 2 SSS 3
WEEK 1: Revision
WEEK 1: Revision
WEEK 1: Revision
WEEK 2

Theme: Trade And Business Organizations

Topic: Commodity Exchange

Sub-Topic:
Content:
1. Meaning
2. Types Agricultural produce Solid mineral Oil and Gas.
3. Tradable
4. Requirement for trading
Grading system
Warehousing
Clearing system
Standardizing
WEEK 2

Theme: Aids To Trade

Topic: Tourism

Sub-Topic:
Content:
1. Meaning
2. Forms
3. Advantages and disadvantages of tourism.
4. Tourist centers.
WEEK 2

Theme:

Topic:

Sub-Topic:
Content:
WEEK 3

Theme: Trade And Business Organizations

Topic: Commodity Exchange

Sub-Topic:
Content:
1. Types: Spot Forward futures
2. Methods of Trading :
Open outcry
Electronic
3. Benefits of Commodity Exchange:
Increase in agricultural production
Stabilization in agricultural product pricing.
Encourage exploration of solid minerals foreign exchange earnings
Improved agricultural output and quality.
WEEK 3

Theme: Aids To Trade

Topic: Tourism

Sub-Topic:
Content:
1. Meaning
2. Forms
3. Advantages and disadvantages of tourism.
4. Tourist centers. (Cont.)
WEEK 3

Theme:

Topic:

Sub-Topic:
Content:
WEEK 4

Theme: Trade And Business Organizations

Topic: Commodity Exchange

Sub-Topic:
Content:
1. Constraints to commodity trading:
Inadequate supply
Poor storage
Bad weather
Middle men
Ethical issues
Inadequate knowledge of the working of the commodity exchange.
2. Differentiate between commodities and stocks.
3. Items traded :
Tangible
Intangible methods of pricing.
WEEK 4

Theme: Aids To Trade

Topic: Insurance

Sub-Topic:
Content:
1. Definition
2. History
3. Basic principles
Insurable interest
Indemnity
Utmost good faith
Subrogation
WEEK 4

Theme:

Topic:

Sub-Topic:
Content:
WEEK 5

Theme: Trade And Business Organizations

Topic: Sole Proprietorship

Sub-Topic:
Content:
1. Meaning
2. Sources of capital
3. Advantages and disadvantage.
WEEK 5

Theme: Aids To Trade

Topic: Insurance

Sub-Topic:
Content:
1. Types
Life Insurance
Whole life assurance
Endowment
Non-life insurance
Motor vehicle
Fire
Fidelity
Burglary/robbery /theft
Accidents
Consequential loss
Marine
Exporter
2. Underwriting
Reinsurance
Corporation of Nigeria
3. Types of risks :
Fundamental risks
Particular risks
Speculative risks
Pure risks.
WEEK 5

Theme:

Topic:

Sub-Topic:
Content:
WEEK 6

Theme: Trade And Business Organizations

Topic: Partnership

Sub-Topic:
Content:
1. Meaning
2. Types: normal, dormant, limited, etc.
3. Formation and agreement.
4. Sources of capital
5. Advantages and disadvantages
6. Dissolution.
WEEK 6

Theme: Aids To Trade

Topic: Banking

Sub-Topic:
Content:
1. Central Bank of Nigeria (CBN):
Origin
Functions
2. Commercial Banks:
Functions
Types of account
Current accounts
Savings account
Fixed deposit account
WEEK 6

Theme:

Topic:

Sub-Topic:
Content:
WEEK 7

Theme: Trade And Business Organizations

Topic: Partnership

Sub-Topic:
Content:
1. Meaning
2. Types: normal, dormant, limited, etc.
3. Formation and agreement.
4. Sources of capital
5. Advantages and disadvantages
6. Dissolution. (Cont.)
WEEK 7

Theme: Aids To Trade

Topic: Banking

Sub-Topic:
Content:
1. Forms of payment :
Automated Teller Machine (ATM) card
Western Union Money gram
Computer and the bank e-Banking
2. Specialized Banks :
Development Bank
Mortgage Bank
Building Societies
WEEK 7

Theme:

Topic:

Sub-Topic:
Content:
WEEK 8

Theme: Trade And Business Organizations

Topic: Money

Sub-Topic:
Content:
1. Meaning
2. Evolution
3. Functions
4. Qualities/ Characteristics
5. Forms/Types
WEEK 8

Theme: Aids To Trade

Topic: Warehousing

Sub-Topic:
Content:
1. Warehousing
Meaning
Functions
Importance
2. Types of warehouse
3. Advantages and disadvantages of warehousing.
WEEK 8

Theme:

Topic:

Sub-Topic:
Content:
WEEK 9

Theme: Trade And Business Organizations

Topic: Money

Sub-Topic:
Content:
1. Meaning
2. Evolution
3. Functions
4. Qualities/ Characteristics
5. Forms/Types (Cont.)
WEEK 9

Theme: Aids To Trade

Topic: Warehousing

Sub-Topic:
Content:
1. Warehousing
Meaning
Functions
Importance
2. Types of warehouse
3. Advantages and disadvantages of warehousing. (Cont.)
WEEK 9

Theme:

Topic:

Sub-Topic:
Content:

WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION
WEEK 10: REVISION AND EXAMININATION





We provide educational resources/materials, curriculum guide, syllabus, scheme of work, lesson note & plan, waec, jamb, O-level & advance level GCE lessons/tutorial classes, on various topics, subjects, career, disciplines & department etc. for all the Class of Learners


Free Will Donation

We know times are tough right now, but if you could donate and support us, be rest assured that your great contributions are immensely appreciated and will be for the progress of our work to help us pay for the server cost, domain renewal, and other maintenance costs of the site. Nothing is too small; nothing is too little.

Account Details

BANK: UNITED BANK FOR AFRICA PLC

ACCOUNT NAME: OFAGBE GODSPOWER GEORGE

ACCOUNT NUMBER: 2250582550

SWIFT CODE: UNAFNGLA

ACCOUNT TYPE: SAVINGS

CURRENCY: DOLLAR (USD) ACCOUNT

ADDRESS: 1. M. Aruna Close, Ughelli, Delta State, Nigeria

PHONE: +234805 5084784, +234803 5586470



BANK: UNITED BANK FOR AFRICA Plc (UBA)

ACCOUNT NAME: OFAGBE GODSPOWER GEORGE

ACCOUNT NUMBER: 2042116266

SORT CODE: 033243371

ACCOUNT TYPE: SAVINGS

CURRENCY: NAIRA ACCOUNT

ADDRESS: 1. M. Aruna Close, Ughelli, Delta State, Nigeria

PHONE: +234805 5084784, +234803 5586470



Your active support gives strength to our Team and inspires to work. Each donated dollar is not only money for us, but it is also the confidence that you really need our project!
AseiClass is a non-profit project that exists at its founders' expense, it will be difficult to achieve our goals without your help.
Please consider making a donation.
Thank you.


AseiClass Team

We provide educational resources/materials, curriculum guide, syllabus, scheme of work, lesson note & plan, waec, jamb, O-level & advance level GCE lessons/tutorial classes, on various topics, subjects, career, disciplines & department etc. for all the Class of Learners

Facts about Teachers

● ● ● Teachers Are Great No Controversy.

● ● ● Teachers are like candles, they burn themselves to light others.

● ● ● Teachers don't teach for the money.

● ● ● Every great mind was once taught by some brilliant teachers.

● ● ● Teachers are the second parents we have.

● ● ● If you can write your name, thank your teacher.

Teaching slogans

● ● ● Until the learner learns the teacher has not taught.

● ● ● I hear and forget, I see and remember, I do and know.

● ● ● The good teacher explains. The superior teacher demonstrates. The great teacher inspires.