Summary

The MS Word document comprises Grade 10 Business Studies Schemes of Work Term 1 2026. The PDF version is also available upon your request.The schemes of work covers 6 lessons per week.The main reference material is the KICD Curriculum Design for Business Studies.The document covers the following strands, sub-strands, and topics:

• Strand 1.0: Business and Money Management
  • Sub-strand 1.1: Money
    • Key security features and themes of the Kenyan currency.
    • Functions of money (Medium of exchange, Measure of value, Store of value, Standard of deferred payment).
    • Demand for money (Transactionary, Precautionary, and Speculative motives).
    • Factors determining the supply of money in an economy.
    • Ethical and unethical practices on the use of money (e.g., money laundering).
  • Sub-strand 1.2: Business Goals
    • Meaning and importance of goal setting in business.
    • Internal and external factors to consider when setting business goals.
    • SMART criteria for goals (Specific, Measurable, Achievable, Realistic, Time-bound).
    • Formulating SMART short-term and long-term business goals.
  • Sub-strand 1.3: Budgeting in Business
    • Meaning and importance of budgeting for financial control.
    • Types of budgets (Sales, Production, Cash, Capital, and Master budget).
    • Factors influencing budgeting and the budgeting process.
    • Preparation of simple income, expenditure, and surplus/deficit budgets.
  • Sub-strand 1.4: Banking
    • Meaning and importance of banking in an economy.
    • Types of accounts offered by banks (Savings, Current, Fixed Deposit).
    • Procedure for opening and operating a bank account.
    • Trends in banking in Kenya (Mobile banking, Agency banking, Internet banking).
• Strand 2.0: Business and its Environment
  • Sub-strand 2.1: Business Activities
    • Concept of needs and wants and the role of business activities.
    • Types and characteristics of economic resources (Scarcity, Utility).
    • Relationship between scarcity, choice, and opportunity cost.
    • Classification of business activities and environmental factors (micro and macro).
  • Sub-strand 2.2: Types of Business Ownership
    • Sole Proprietorship: Formation, management, sources of finance, advantages, and disadvantages.
    • Partnerships: Meaning, types, formation (Partnership Deed), dissolution, advantages, and disadvantages.
    • Cooperative Societies: Principles, formation, types (Producer, Consumer, Savings/Credit), management, and financing.
  • Sub-strand 2.3: Social Responsibility of Business
    • Justification for social responsibility (CSR) in business.
    • Examining CSR activities in the community and challenges faced.
    • Designing and implementing a social responsibility activity.