Al-hidaayah International School

ACCOUNTING - LESSON PLAN: MID TERM (2023-24)

Class: Eight (VIII)
Clas Topic Activity
s
1. Introduction to Accounting
 What comes to your mind when you hear the word Lecture/ discussion
‘accounting’?
 What is Accounting?
 How does accounting help people and business?
2. Chapter 1: The accounting equation and statement of
financial position
 Types of business organization.
 What is bookkeeping and accounting? Lecture & notes
 Accounting equation: Assets = Capital + liability
 Explanation of terms ‘capital’, ‘asset’, and ‘liability’,
‘accounts receivable (debtors)’ and ‘account payable
(creditors)’ and bank overdraft.
3. Chapter 1 Feedback

4. Chapter 1 Worksheet
 Effects of transaction
5. Chapter 1 Feedback

6. Chapter 1 Feedback

7. Chapter 2. Double entry system for assets, liabilities and

capital Lecture & Notes
 What is meant by double entry?
 Outline the double entry system of book-keeping
 What is a ledger account (T account) and its layout?
 Explanation to terms ‘debit-Dr’ and ‘credit-Cr’
8. Chapter 2:
 How to prepare ledger accounts and post transactions Worksheets
to the ledger accounts.
 Accounts to be debited and credited.
9. Chapter 2 Worksheet (CW&HW)

10. Chapter 2 Homework discussion

11. Chapter 2 Revision/Feedback

12. Chapter 2 Revision/Feedback

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13. Chapter 3: Inventory
 What is inventory
 The causes of increases and decreases in inventory
Lecture & Notes
 The meaning of the term ‘sales’ and ‘purchases’
 Sales a/c, Purchases a/c, Sales returns a/c, Purchases
returns a/c
 How to record increases and decreases of inventory in
the appropriate account?
14. Chapter 3 Worksheet (CW)

15. Chapter 3 Worksheet (CW&HW)

16. Chapter 3 Worksheet – HW

discussion
17. Chapter 4: The effects of profit or loss on capital and double
entry system for expenses and revenues
 Meaning of the term ‘profit’, ’loss’, ‘revenues’,
‘expenses’, ‘drawings Lectures & Notes
 Double entry of revenues and expenses.
 The effect of profit and loss on capital
 Process the accounting data using the double entry
system.
18. Chapter 4 Worksheet (CW)

19. Chapter 4 Worksheet (CW&HW)

20. Chapter 4 Worksheet HW

discussion
21. Chapter 1,2,3 & 4 Revision
22. Chapter 5: Balancing off Accounts Lecture & Notes
23. Chapter 5 Worksheet (CW&HW)
24. Chapter 5 HW discussion
25. Chapter 6: Trial Balance
 Understand that a trial balance is a statement of ledger
balances on a particular date Lectures & Notes
 Limitations of a trial balance
 Prepare a trial balance from a given list of balances
26. Chapter 6 Worksheet (CW&HW)

27. Chapter 5 & 6 Revision

28. Chapter 7: Income Statements

 What is calendar year and financial year.
 What is an Income Statement and its purpose? Lecture & Notes
 Format of an income statement.
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  Explain the terms ‘cost of sales’, ‘gross profit’, ‘net
profit’ and their calculation.
29. Chapter 7
 Prepare an Income Statement for the year end Worksheet (CW)
30. Chapter 7 Worksheet (CW&HW)

31. Chapter 8: Statement of Financial Position

 Format of statement of financial position Lecture, Notes &
 Prepare Statement of financial position Worksheet
32. Chapter 8 Worksheet (CW&HW)

33. Chapter 9: further consideration – Chapter 7 & 8 Worksheet (CW&HW)

34. Chapter 9 Worksheet HW

discussion
35. Chapter 10: Accounting concepts
Explain and recognise the application of the following
accounting principles:
 matching / accruals Lecture & notes
 business entity
 consistency
 duality
 going concern
36. Chapter 10
 historic cost
 money measurement Lecture & notes
 prudence
 realization
 materiality
37. Chapter 10 Revision/feedback

38. Mid-term syllabus Revision/Feedback

39. Mid-term syllabus Revision/Feedback
40. Mid-term syllabus Revision/Feedback

Al-hidaayah International School

ACCOUNTING - LESSON PLAN: FINAL TERM (2023-24)
Class: Eight (VIII)
Class Topic Activity

3
1. Mid-term paper Discussion
2. Mid-term paper Discussion
3. Mid-term paper Discussion
4. Chapter 11: Books of original entry and ledger
 Accounting Cycle
 Business documents - understanding the following Lecture & Notes
business documents and its use.
 Sales Invoice, Purchase Invoice, debit note, credit note,
statement of account, cheque, cheque counterfoil,
receipt, paying-in slip, bank statement.
5. Chapter 11
 Accounting Cycle & Business Documents Feedback
6. Chapter 11
 What are books of original entry and its use.
 Types of books of original entry
 Sales journal (sales day book)
Lecture & notes
 Purchases journal (Purchases day book)
 Sales returns journal (Sales returns day book)
 Purchase returns journal (Purchases day book)
 Cash book
 Petty cash book
 General journal
7. Chapter 11
 What are ledgers and its types
 Sales ledger
 Purchase ledger Lecture & notes
 General ledger
 Describe the process of recording transactions in a book
of original entry and then recording items in the ledger.
8. Chapter 14: Sales Journal and Sales ledger
 Layout of sales journal
 Make appropriate entries relating to credit sales in the Lecture & Notes
sales journal and correctly posting from sales journal to
the sales ledger and general ledger.
9. Chapter 15: Purchases journal and purchases ledger
 Layout of purchases journal
 Making appropriate entries relating to credit purchases Lecture & Notes
in a purchases journal
 Correctly posting to the ledgers.
10. Chapter 16: Returns Journal
 Appropriate entries relating to sales/purchase returns in
the sales/purchase returns journal. Lecture & Notes
 Correct postings from the returns journal to the
purchases ledger, sales ledger and general ledger.

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11. Chapter 14, 15 & 16 Worksheets
(CW&HW)
12. Chapter 14, 15 & 16 Worksheets CW
HW discussion
13. Chapter 14, 15 & 16 Worksheets CW
HW discussion
14. Chapter 14, 15 & 16 Worksheets CW
HW discussion
15. Chapter 17: The journal
 Purpose of having a journal
 Enter up the journal Lecture & Notes
 Complete opening entries for a new set of accounting
books in the journal.
16. Chapter 17 Worksheet (CW&HW)

17. Chapter 17 Worksheet CW

HW discussion
18. Chapter 14, 15, 16 & 17 Revision/Feedback
19. Chapter 13: Cash books
 What is a cashbook
 Dual function of a cash book
Lecture & Notes
 Dishonored cheques
 Contra entries
20. Chapter 13
 Trade discount vs cash discount Lecture & Notes
 Discount allowed and discount received
21. Chapter 13
 Entries in the cash book Worksheet (CW&HW)
22. Chapter 13 Worksheet CW
HW discussion
23. Chapter 13 Worksheet CW
HW discussion
24. Chapter 13 Revision/feedback

25. Chapter 18: Petty Cash book

 What is petty cashbook and its purpose.
 Advantages of maintaining a petty cash book Lecture & Notes
 What is imprest system?
 Explain and operate the imprest system.
 How to make entries in a petty cash book
26. Chapter 18
 Entries in the petty cash book Worksheet (CW&HW)
27. Chapter 18 Worksheet (CW&HW)

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28. Chapter 18 Worksheet CW
HW discussion
29. Chapter 18 Revision/feedback

30. Final term syllabus Revision

31. Final term syllabus Revision
32. Final term syllabus Revision
33. Final term syllabus Revision