Lesson Notes By Weeks and Term - Senior Secondary School 3

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Term: 2nd Term

Week: 10

Class: Senior Secondary School 3

Age: 17 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Marketing

Topic:-       Purchase, supplies and merchandising of goods and services V

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

  1. Explain the meaning of budget
  2. Discuss the categories of budget
  3. Give reasons for a budget controlling system

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 purchase, supplies and merchandizing of goods and services

Students pay attention

STEP 2

EXPLANATION

She explains the meaning of budget

 

She discusses the various categories of budget

Students pay attention and participates

STEP 3

DEMONSTRATION

She highlights the reasons for a budget controlling system

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

BUDGET

A budget is a detailed plan showing how resources will be acquired and

used over some specific period of time. It represents a plan for future

purposes in financial and quantitative terms.

 

CATEGORIES OF BUDGET

  1. Financial budget: This refers to expressed purely in monetary terms such

as cash, sales capital and balance sheet budget.

 

  1. Non-financial budget: This indicates the budget not expressed in

monetary terms. They are usually referred to as quantitative budgets.

Examples are time, space, material and product budgets.

 

REASONS FOR A BUDGETING CONTROL SYSTEM

  1. It enables organisation management to conduct business in the most

effective and efficient manner.

  1. It helps in advance planning of all operational activities
  2. It promotes and enables achievements of control by the comparison of

actual against set standards

  1. It enhances coordination to be achieved.
  2. It promotes and increases efficiency through the standards set for

production, sales and overheads in relation to internal and external factors.

  1. Financial plan is achieved because budgets simply connote financial

plan expressed in terms of the currency of a nation.

 

EVALUATION:    1. Explain budget

  1. Discuss the categories of budget, giving examples of each
  2. Give reasons for budget controlling system

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively