Lesson Plan

Resources → Subject Notes → Accounting → Notes
Lesson Plan
Grade: Date: 17/01/2026
Subject: Accounting
Lesson Topic: explain and apply the accounting equation
Learning Objective/s:
  • Describe the three components of the accounting equation (Assets, Liabilities, Equity).
  • Explain how each business transaction affects the equation.
  • Apply the equation to record basic transactions using double‑entry bookkeeping.
  • Verify that the equation remains balanced after every entry.
  • Solve short practice problems that require adjusting balances.
Materials Needed:
  • Projector or interactive whiteboard
  • Printed worksheet with practice transactions
  • Calculator
  • Accounting‑equation handout (A = L + E diagram)
  • Whiteboard markers and erasers
  • Transaction cards for pair work
 Introduction:
Begin with a quick “match the term” activity to activate prior knowledge of assets, liabilities and equity. Highlight that every business transaction must keep the accounting equation in balance, and outline today’s success criteria: students will be able to identify account types, record entries, and check the equation after each transaction.
Lesson Structure:
  1. Do‑now (5') – Matching activity on account categories.
  2. Mini‑lecture (10') – Review definition, components and flowchart of A = L + E.
  3. Guided practice (15') – Walk through the illustrative example on the board, updating the equation step‑by‑step.
  4. Collaborative activity (15') – Pairs use transaction cards to record entries and verify the equation; teacher circulates for checks.
  5. Independent practice (10') – Students complete the three practice problems on the worksheet with immediate feedback.
  6. Exit ticket (5') – Write one rule that ensures the accounting equation stays balanced.
Conclusion:
We revisited the structure of the accounting equation and demonstrated how every transaction must keep A = L + E in balance. Students applied this by recording several transactions and checking their work. For homework, complete the additional five transactions in the textbook and be ready to discuss any errors in the next lesson.