Lesson Plan

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Lesson Plan
Grade: Date: 17/01/2026
Subject: Accounting
Lesson Topic: explain and apply the imprest system of petty cash
Learning Objective/s:
  • Describe the purpose and components of an imprest petty cash system.
  • Explain the process of establishing, recording, and replenishing a petty cash fund.
  • Apply journal entries to record petty cash withdrawals and replenishments.
  • Analyze common errors and suggest controls to maintain accurate petty cash records.
Materials Needed:
  • Projector or interactive whiteboard
  • Printed petty cash vouchers and sample journal‑entry worksheets
  • Calculator
  • Whiteboard markers
  • Sample petty cash box (optional prop)
 Introduction:
Begin with a quick question: “Where does the school keep cash for small purchases?” Connect this to students’ experience of buying stationery. Explain that today they will learn how businesses control such cash using the imprest system and will know how to record transactions correctly.
Lesson Structure:
  1. Do‑now (5’) – students answer the revision checklist questions individually.
  2. Mini‑lecture (10’) – teacher explains the imprest concept, fund establishment, and shows a flowchart.
  3. Guided practice (12’) – work through sample vouchers, fill the petty cash book, calculate the replenishment amount.
  4. Journal‑entry activity (10’) – students create the replenishment journal entry on a worksheet; peer check.
  5. Common mistakes discussion (8’) – identify typical errors and suggest control measures.
  6. Exit ticket quiz (5’) – short written question summarising the key steps.
Conclusion:
Recap that an imprest system maintains a fixed cash amount, requires vouchers for each expense, and is replenished by debiting expense accounts and crediting cash at bank. Students write one key step on a sticky note as an exit ticket. For homework, complete a worksheet recording a new set of petty cash transactions.