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Balance Sheet Lesson Plan

This lesson plan outlines a one-hour accounting class focused on financial statements, specifically the balance sheet, for Grade 10 students at Weene Combined School. The objectives include understanding accounting principles, preparing balance sheets, and adhering to standards. The lesson involves discussions, examples, and student activities to reinforce learning, while also addressing challenges encountered during planning and presentation.

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Sakhile Zothani
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68 views7 pages

Balance Sheet Lesson Plan

This lesson plan outlines a one-hour accounting class focused on financial statements, specifically the balance sheet, for Grade 10 students at Weene Combined School. The objectives include understanding accounting principles, preparing balance sheets, and adhering to standards. The lesson involves discussions, examples, and student activities to reinforce learning, while also addressing challenges encountered during planning and presentation.

Uploaded by

Sakhile Zothani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Lesson Plan No:

Teaching Practice: Lesson Plan Structure


The table under each heading will extend as you fill it with information.
Remember:
You have to include a Draft in the form of a Spider diagram for all Lesson Plans you
submit.

A: ROUTINE INFORMATION

Date: 24/07/2027 Day:3


Name of School: WEENE COMBINED SCHOOL
Student surname and name: MCHUNU DUDUZEKANI
Student number: 223097587
Grade: 10
Subject: ACCOUNTING
Topic: FINANCIAL STATEMENT
Content/ Concept Area: BALANCE SHEET
CAPS page no:
Duration of lesson: 1 HOUR

B: SPECIFIC AIMS
1. Learners must be able to present and/or communicate financial information effectively by using
generally accepted accounting practices in line with current developments and legislation.
2. Learners must be able to apply principles to solve problems judiciously and systematically in
familiar and unfamiliar situations, thus developing the ability to identify and solve problems in the
context of the various fields of Accounting

C: LESSON OBJECTIVES
1. KNOWLEDGE
1. Understanding of asset, liability, and equity account.
2. Familiarity with different types of assets.
3. Knowledge of accounting principles and standard (GAAP, IFRS)

2. SKILLS
1. Ability to prepare balance sheet.
2. Skill in classifying and recording transactions correctly.

3. VALUES/ATTITUDES
1. Ensuring precise recording and reporting of financial data.
2. Adhering to accounting standards and principles, avoiding fraud and misrepresentation.
3. Taking responsibility for financial decisions and action.

D: APPROACH/TEACHING STRATEGY:

Explanation, Discussion, and answer questions

E: RESOURCES:
Chalkboard
Pictures
taxtbook

F: LESSON PHASES:
1. INTRODUCTION
The teacher and learners will start by recapping their previous lesson which was talking about income
statements.
Learners will be shown a picture of scale.
The following question will be asked: 1. What do you think of this picture?
2.what is happening in this picture?
TODAY WE WILL BE FOCUSING ON THE BALANCE SHEET.
1. what are assets and liabilities?
2. What is an accounting equation?
3. How do we classify assets?

2. DEVELOPMENT
STEP 1
Balance sheet/statement of financial position is a statement that reflecting the financial position of the
undertaking at a given point it time.
. teacher and learners will discuss the format of balance sheet/statement of financial position.

The format of balance sheet/statement of financial position include the following element:
1 ASSETS: 1. Current asset
. cash and cash equivalent
. account receivables
. inventory
. prepaid expenses

2.non current asset


. property, plant, and equipment
. investment.
. intangible assets
. deferred tax assets.

2 LIABILITIES: 1. Current liabilities


. account payable
. short term debt
. accrued expenses
. taxed owed

2.Non- current liabilities


. long-term debt
. deferred tax liabilities
. pension liabilities

3 EQUITY: 1. Capital
2, retained income’
3, treasury stock

The balance sheet follows the accounting equation (asset = liabilities + Equity)

STEP 2
Learners will be given a chance to ask questions and the following example will be done in class to
show learners how to prepare the statement of financial position.
1. Prepare the statement of financial position for the year ended 28 February 20.9

3. CONSOLIDATION/LESSON CONCLUSION

The teacher will summarize important things about the lesson and give learners individual attention if
they need clarification somewhere in the lesson.

G: LEARNER ACTIVITY
Describe the learner activity you plan to use. If you are using a worksheet, attach it
to the Lesson Plan)
Learners will be given this work to do at home.

1. What is the accounting equation, and how does it relate to the balance sheet? (2)

2. Classify the following accounts as asset, liability, or equity:


- Cash (2)
- Accounts Payable (2)
- Common Stock (2)
- Property, Plant, and Equipment (2)
- Retained Earnings (2)

3. Prepare a balance sheet for a company with the following accounts and balances: (15)
- Cash: R100,000
- Accounts Receivable: R50,000
- Inventory: R200,000
- Property, Plant, and Equipment: R500,000
- Accounts Payable: R75,000
- Long-term Debt: R200,000
- Common Stock: R150,000
- Retained Earnings: R250,000
MARKS:27

H: CHALLENGES ENCOUNTERED DURING PLANNING OF LESSON

• It was difficult to identifying the main objectives of the lesson.

I: REFLECTION ON THE PRESENTATION OF YOUR LESSON


(Important: This section of the Lesson Plan will only be completed AFTER you have
taught the lesson to the learners)
1. What went well during the presentation of your lesson?
• Is that learners were keen to contribute to the lesson, asking relevant questions and debating the
topic with enthusiasm.

2. What challenges did you experience during the presentation of your lesson?
• Challenges I experience is behaviour of learners who were misbehaving during the lesson some of
them making noise that disturb the whole class. Also, classroom management was not easy.

3. How could you improve on the presentation of your lesson?


• By simplifying the topics. And make clear rules for the behaviour of learners.

4. Did you experience any interesting incidents during the presentation of your
lesson?
• Yes, is that when we were doing correction learners were all participating, giving answer although
not all answers were correct but about 80 % of answers were correct.

J: REFERENCES
Google
CAPS Document
Accounting textbook

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