Lesson Plan for Two Most

Effective Sessions

CHAPTER II
Accounting Standards
Lesson Plan

 Session-1 Accounting Standards

Objective: To Make the students

understand about the importance of
Accounting Standards and its role in
presenting clear-cut accounts on a
uniform basis.
Explain the areas in which differing
accounting policies are encountered
 Methodology

 Lecture + Interaction
The Session of 1.15mts is carried out as:-
 5-10mts to motivate the students towards the
concept with current examples of corporate
accounting practices
 Next 20min to explain the Differing Accounting
Policies like Depreciation methods, Valuation of
Inventories, Treatment of Goodwill, Valuation of
Fixed Assets, Treatment of Contingent Liabilities
etc.,
 Next 30min to Explain the Importance of
Accounting Standards, Establishment of IASC,
Partial List of ASB Accounting standards to the
students
 Last 15min for Summarization of the concepts by
Lesson Plan

 Session 2
Objective:- To make the students
understand the Indian Accounting standards
issued by ASB, and difference between AS &
US GAAP
Methodology:- Lecture + Interaction
The session Schedule of 1.15mins has a break
up with
 First 10min- To revise the concepts taught in
the previous session
 Next 40min- To explain the remaining ASB
Accounting Standards
 Next 20min- To explain the US GAAP &
difference between AS & US GAAP
 Last 5min- To Summarize the concepts again
Impact and learning
 Students at the end show a clear
understanding of the concepts
discussed
 At this moment as a faculty I will be in a
position to assess the students
 Personal Experience:- When
explaining the concepts with current
corporate accounting practices the
students are able to Interact and
understand the concepts properly.