Courses

Commerce

Book Keeping & Accounts

Economics ~ AP Microeconomics

Staff

Jennifer Clarke - Head of Department

Heather Iphill

Commerce (2 lessons per week)

Commerce is a three-year Option course started by students in Grade 10. This BGCSE course attempts to cover all the basic commercial activities in modern free enterprise society. With specific reference to the Bahamian economy, the activities include those performed by wholesalers, retailers, importers and exporters in the distribution and exchange of goods. The activities of bankers, insurance companies, transport organizations and the important aspects of communication are of equal importance.

The main aim of the course is to develop knowledge and understanding of business and its environment both in general terms and relation to those rules and inter-relationships related to commercial and economics activities locally, nationally and internationally.

The BCGSE examination has a coursework component that all students must submit.

Required Text: Success in Commerce (4^th Edition) by Derek Lobley

Course Outline

Grade 10

The Individual and the Economy

Distribution

Retailing

Wholesaling

Documents of trade

Transport

Communications

Marketing, Promotion and Sales

Grade 11

Organizatrion of Business

Money and Banking

Private savings

Insurance

International trade

Grade 12

Role of the Government

Trade Unions

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Book Keeping & Accounts (3 lessons per week)

Book Keeping & Accounts is a three-year Option course started by students in Grade 10. This BGCSE course is designed to provide all students with a basic knowledge of accounting.  It will develop understanding of the nature and purpose of accounting in business and non-profit making organizations.  It will teach students the appropriate techniques and show them how to apply them. Also students will be able to assess the financial position of an organization from final accounts.

Students taking Bookkeeping and Accounts should have a good background in Mathematics and English.

The BCGSE examination is designed to test knowledge of principles of double entry bookkeeping and accounting and how these principles are applied to produce the financial information required in business.

Required Text: Business Accounting 1 (Ninth Edition) by Frank Wood

Course Outline

Grade 10

Basic Accounting Principles

Introduction to balance sheets

Double entry accounts

Trial Balance

Profit and Loss accounts

Banking Systems

Payroll

Cash book 2 column

Cash book 3 column

Petty cash book

Grade 11

Classification of accounts

Bank reconciliation statements

Ledger and journal entries

Control accounts

Depreciation

Bad debts

Final balances

Errors of the trial balance

Departmental accounts

Incomplete records / single entry

Grade 12

Non-profit organizations

Accounting ratios

Manufacturing accounts

Consignment accounts

Partnership accounts

Goodwill

Limited company accounts

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