Lesson Notes By Weeks and Term - Senior Secondary 2

Quoted and unquoted companies

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Term: 3rd Term

Week: 2

Class: Senior Secondary School 2

Age: 16 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Financial accounting

Topic:-       Quoted and unquoted companies

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

  1. Define quoted company
  2. State the features of quoted company
  3. Define unquoted company
  4. State the features of unquoted company

 

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION

TEACHER’S ACTIVITY

STUDENT’S ACTIVITY

STEP 1

INTRODUCTION

The teacher reviews the previous lesson on company account

Students pay attention

STEP 2

EXPLANATION

She defines quoted company and states its features

 

Students pay attention and participates

STEP 3

DEMONSTRATION

She defines unquoted company and states its features

Students pay attention and participate

STEP 4

NOTE TAKING

The teacher writes a summarized note on the board

The students copy the note in their books

 

NOTE

QUOTEDCOMPANY

Quoted company can be defined as a company whose shares can be bought or sold on the Stock Exchange. Firm whose shares are listed(quoted) on a stock exchange for public trading.

 

EXAMPLES OF QUOTED COMPANIES

 

Examples of quoted companies includes;

  1. Zenith Bank Plc
  2. Dangote Cement Plc
  3. Cadbury Nigeria Plc
  4. PRESCOPLC
  5. Total Nigeria Plc, etc.

 

FEATURES OF QUOTED COMPANIES

  1. They are listed on the floor of the stock exchange for public trading.
  2. They are owned by shareholders.
  3. Their shareholders have limited liability.
  4. Their shares are easily transferable.
  5. Quoted companies have separate legal entity. The business can sue and be sued.

 

UNQUOTED COMPANY

This is a company that does not trade its shares on the Stock Market and so the shares are not listed.

An unquoted company is a firm that has issued equity shares that are no longer traded on a stock exchange. It can also be referred as unlisted public company.

 

EXAMPLES OF UNQUOTED COMPANIES

The following are examples of unquoted companies;

  1. NAMPAK PLC
  2. United Nigeria Textile Plc
  3. ALUMAKO PLC
  4. G. Leventis Plc

 

FEATURES OF UNQUOTED COMPANIES

  1. Its shares are not traded in the stock market.
  2. The firm’s owner can operate the business more like a private

company.

  1. Their shares are not easily transferable.
  2. Unquoted companies have legal entity.

 

EVALUATION:   1. Define a quoted company.

  1. Mention 3 examples of quoted companies.
  2. Mention 3 features of quoted companies’
  3. Define unquoted company.
  4. Mention 3 features of unquoted companies.
  5. State five differences between quoted and unquoted companies.

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively