1.1 Introducing Accounting: Suggested Activities
1.1 Introducing Accounting: Suggested Activities
1.1 Introducing Accounting: Suggested Activities
Suggested activities
1
1 Share the learning aims and outcomes with the students and write on the board or use a
pre-prepared slide or PowerPoint
2 Explain to the class the meaning of the terms assets and liabilities
Write definitions on a board, flip chart, slide, etc.
3 Practical exercise as follow–up
Students working in pairs or small groups make lists of the assets and liabilities that:
a they or their parents have
b the school/college has
c a business may have.
4 Explain to the class the meaning of the terms inventory, trade receivables and trade
payables
Write definitions on a board, flip chart, slide, etc.
5 Use of flashcards on assets and liabilities
Hold up cards containing the name of an asset or a liability and ask the class to state whether it
is an asset or a liability. Alternatively, this can be done by students working in pairs.
6 Teacher-led discussion on capital
Discuss with class the nature of capital and why it is required.
This leads on to a discussion about the accounting equation.
Write the formula on a board, flip chart, slide, etc.
Encourage the class to suggest two other ways to express the formula.
7 Practical exercise as follow-up
Students work individually or in pairs to complete exercises on the accounting equation.