Yakili | Lowersixth Commercial TST Commerce & Finance

Course / Course Details

Lowersixth Commercial TST Commerce & Finance

By - Michael Rolex
0 students
166 Hours 40 Min
(0)

Course Requirements

The course for Cameroon Lower Sixth Commercial Commerce and Finance on the Yakili app must integrate the foundational theories of trade, business organization, and financial management, aligning with the GCE syllabus to equip students with the skills necessary for a commercial career.

The syllabus for Commerce and Finance is broad, covering both the organization of business and the mechanisms used to fund and facilitate trade.

Core Modules for Lower Sixth Commerce & Finance

Module	Key Topics (Examples)	Commercial and Financial Focus
1. Principles of Commerce	Trade: Definition, types (home, foreign), and aids to trade (banking, insurance, transport, communication, warehousing). Retail and Wholesale trade.	Understanding the flow of goods and services.
2. Forms of Business Organization	Sole Proprietorships, Partnerships, Joint Stock Companies (Public and Private). Formation, characteristics, advantages, and disadvantages. Cooperatives.	Choosing the optimal structure for a commercial venture.
3. Financial Institutions & Banking	The Role of the Central Bank (Monetary Authority). Commercial Banks: Functions, types of accounts (current, savings), and methods of payment (cheques, bank transfers). Non-bank financial institutions (e.g., microfinance).	Managing business liquidity and facilitating payments.
4. Insurance	Principles of Insurance (Utmost Good Faith, Insurable Interest, Indemnity, Subrogation, Contribution). Types of Insurance (life, fire, marine, motor).	Managing and mitigating commercial risks.
5. Transport, Communication & Warehousing	Modes of Transport (road, rail, air, sea): features, advantages, and disadvantages. Role of Communication (e.g., internet, telephone) in modern commerce. Warehousing functions (storage, blending, breaking bulk).	Optimizing logistics and supply chain management.
6. International Trade Basics	Concepts of Imports and Exports. Documentation used in international trade (e.g., Bill of Lading, Certificate of Origin). Barriers to Trade (tariffs, quotas).	Understanding global market operations and documentation.

The course needs to be dynamic and connected to current business practices.

Document Walkthroughs: Provide interactive walkthroughs of key commercial documents (e.g., filling out a cheque, interpreting a Bill of Lading, reading an insurance policy) via video tutorials or clickable templates.
Financial Glossary: Integrate a robust glossary of financial and commercial terms accessible during lessons for quick reference (e.g., Reinsurance, Letter of Credit, Bill of Exchange).
Current Affairs Integration: Include weekly or bi-weekly updates or short videos discussing how current economic news (e.g., a change in the central bank's interest rate) impacts commercial banking or insurance.
Organizational Flowcharts: Utilize clear flowcharts and diagrams to visually explain complex processes, such as the flow of a foreign trade transaction or the hierarchical structure of a company.
Role-Play Scenarios: Offer interactive quizzes or short assignments structured as simple role-play scenarios (e.g., "You are an insurance agent; recommend a policy for a new transport company").

Course Description

This Yakili online course, aligned with the Cameroon GCE Advanced Level Commercial stream syllabus, offers a comprehensive introduction to the essential principles of Commerce and Finance, providing students with a foundational understanding of how businesses operate, trade is facilitated, and commercial risks are managed. The curriculum covers the Principles of Trade (including wholesale and retail), the various Forms of Business Organization (from Sole Proprietorships to Joint Stock Companies), and the critical Aids to Trade—specifically Banking, Insurance, Transport, Communication, and Warehousing. The course focuses on the practical application of these concepts, detailing the functions of Financial Institutions (Commercial and Central Banks) and the core Principles of Insurance and risk mitigation. Delivered through interactive video lessons, documentation walkthroughs, and relevant case studies, this course prepares students to analyze the commercial environment and handle financial transactions effectively, ensuring they are fully equipped for the GCE examination and future commercial careers.

Course Outcomes

Upon completion, the student will be able to:

Commercial Literacy: $\checkmark$ Distinguish and explain the functions of trade and the various aids to trade, identifying their roles in market distribution.
Business Structure Analysis: $\checkmark$ Evaluate and recommend the most appropriate form of business organization (Sole Proprietorship vs. Company) for a given set of commercial objectives.
Financial Mechanism: $\checkmark$ Explain the functions of the Central Bank and Commercial Banks, and apply knowledge of various payment methods and banking services.
Risk Management: $\checkmark$ State and apply the principles of Insurance and explain how different insurance types mitigate commercial and personal risks.
Logistics Understanding: $\checkmark$ Compare and contrast the efficiency and cost implications of various modes of transport and the role of warehousing in inventory control.