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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.
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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
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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
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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.
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Attached CONCEPT MAP