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    Lesson 2 PDF

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    The lesson plan summarizes a Principles of Accounts class that will teach students how to calculate closing stock using the FIFO method. Students will watch a video on FIFO and profit calculation, work through practice problems in groups, and present their solutions. They will learn how closing stock and the FIFO method affect profits in the statement of comprehensive income. For their final evaluation, students will calculate closing inventory and gross profit for a radio company using FIFO.

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    Lesson 2 PDF

    Uploaded by

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    115 views5 pages
    The lesson plan summarizes a Principles of Accounts class that will teach students how to calculate closing stock using the FIFO method. Students will watch a video on FIFO and profit calculation, work through practice problems in groups, and present their solutions. They will learn how closing stock and the FIFO method affect profits in the statement of comprehensive income. For their final evaluation, students will calculate closing inventory and gross profit for a radio company using FIFO.

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    The lesson plan summarizes a Principles of Accounts class that will teach students how to calculate closing stock using the FIFO method. Students will watch a video on FIFO and profit calculation, work through practice problems in groups, and present their solutions. They will learn how closing stock and the FIFO method affect profits in the statement of comprehensive income. For their final evaluation, students will calculate closing inventory and gross profit for a radio company using FIFO.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    115 views5 pages

    Lesson 2 PDF

    Uploaded by

    api-552942601
    The lesson plan summarizes a Principles of Accounts class that will teach students how to calculate closing stock using the FIFO method. Students will watch a video on FIFO and profit calculation, work through practice problems in groups, and present their solutions. They will learn how closing stock and the FIFO method affect profits in the statement of comprehensive income. For their final evaluation, students will calculate closing inventory and gross profit for a radio company using FIFO.

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    1

    DIPLOMA IN EDUCATION PROGRAMME


    SCHOOL OF EDUCATION
    THE UNIVERSITY OF THE WEST INDIES, ST. AUGUSTINE

    PRINCIPLES OF ACCOUNTS
    LESSON PLAN: #3 in Unit plan School visit/Field Day

    TEACHER: Mrs Samdaye Gopaulchan SCHOOL: Vishnu Boys Hindu College DATE: 14/2/2021

    CLASS/FORM: 5 No. in class: 38 TIME: 10.00 AM No of period(s): 1 Duration: 60 mins

    Planning for the lesson

    UNIT PLAN: Refer to attached document

    TOPIC: Stock Valuation Methods: FIFO Practical Application

    CONCEPT map: Refer to attached document

    CURRICULUM INTEGRATION AREAS: Mathematics, CSEC Principles of Business, CAPE


    Management of Business, CAPE Accounting

    Strategies for:
    Planning for inclusiveness: The lesson was planned using the VARK sensory modalities:
    Visual: PowerPoint presentation, concept map
    Aural/Auditory: class discussion
    Read/Write: Student reads PowerPoint aloud
    Kinaesthetic: entering figures into worksheet

    Planning for literacy improvement: Student reads PowerPoint aloud

    Planning for Technology Integration: Zoom, Zoom whiteboard, Microsoft word document

     Instructional strategies to be used and their rationale:


     Problem-Based Learning: This will be student centred where they will learn through
    solving problems and applying practical skills in groups.
     Direct Instruction: According to Carnine, 2000, pp. 5-6; Traub, 1999, direct instruction
    implies the teacher directs learning using well planned instruction to develop students
    cognitive skills.
    2

    The lesson plan:


    PRE-KNOWLEDGE stock valuation FIFO, stock card preparation for FIFO method, statement of
    comprehensive income format

    OBJECTIVES:
    At the end of this lesson, pupils will be able to:

    Objectives of the lesson Classification of objectives Domain

    Calculate the value of closing stock using the Applying Cognitive


    FIFO method in the statement of
    comprehensive income
    Share their experiences on cost savings by Valuing Affective
    purchasing a perishable or non perishable
    item(s) in bulk

    SET INDUCTION Time allotted: 5 minutes


    A picture will be shown for students to guess topic: closing stock calculations and profits

    SECTION 1- Time allotted:


    Teaching points: the teacher will:
    1. Ask students to look at video on FIFO and profit calculation in statement of comprehensive
    income
    2. Using a question demonstrate step by step the procedure for entering values in stock card and
    calculating closing stock
    3. Show how closing stock FIFO method affects profits in statement of comprehensive income
    4. Place students into groups to solve problems and present solutions
    5. Ask students to share their experiences on cost savings by purchasing bulk perishables or non
    perishables.

    METHOD
    Teaching Strategy Student Activity Resources
    Direct Instruction The student will :
    The teacher will https://www.youtube.com/watch?v=1WwhfB3Rs14
    -demonstrate step by Follow during activity
    step procedure for and make entries into (4.27 minutes video)
    entering into stock their stock cards
    and statement of Zoom break out rooms
    card and calculating comprehensive
    closing stock income Zoom
    -show students how
    closing stock FIFO Whiteboard
    can affect profits in
    statement of
    3

    comprehensive Stock card format


    income
    Statement of comprehensive income format

    Get into breakout Textbook: Principles of Accounts for the


    Problem-Based
    rooms and perform Caribbean 6th edition by Frank Wood and
    Learning: calculations and
    Place students into Shiela Robinson
    present to class
    groups of 5 to work Also pose question:
    on questions get a product used at
    your home and do a
    stock card and
    calculate profits. How
    does this help you in
    your everyday life?

    Ask students to share -share experiences


    their experiences on with class
    cost savings by
    purchasing bulk
    perishables or non
    perishables

    SECTIONAL REVIEW yes no question to type into chat Time allotted: 3 minutes

    Closing stock affects gross profits in a business YES

    A stock card is used to obtain closing stock figures Yes

    CONTINGENCY PLAN
    If internet connection drops, work will be emailed to students also, word document uploaded to
    WhatsApp group and Google Classroom

    CLOSURE Time allotted: 3 minutes


    A recap of lesson will be done by using the concept map.
    Students will be asked what they learnt from the class in one word by using
    https://answergarden.ch/1747992
    4

    FINAL EVALUATION – Time allotted: 15 minutes


    Question to work on to submit at end of class

    Using the FIFO method calculate


    1. Closing inventory and
    2. Gross profit

    JCD Ltd, which deals in radios, has the following purchases for May 2017:
    Date Details no.of radios Price per radio $ Total $
    May 1 15 20 300
    May 20 20 24 480
    May 24 16 26 416
    May 30 6 30 180
    1,376

    JCD sold 15 radios at $40 each on 16 May ad 10 radios $45 each on 28 May.

    FOLLOW-UP ACTIVITIES/LESSON:

    For Homework:
    1. Review what was done in class today
    2. Read textbook chapter 30 page 286 on LIFO method
    3. Send me
    Via our WhatsApp Group or my email at samdayegopaulchan@gmail.com a reflection of
    class today. Be sure to include how you felt during teaching, what you discovered today in
    class and what changes you will like to see or make in class.
    5

    Attached CONCEPT MAP

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