Lesson Plan

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Lesson Plan
Grade: Date: 17/01/2026
Subject: Accounting
Lesson Topic: money measurement
Learning Objective/s:
  • Describe the money measurement principle and its purpose.
  • Identify monetary versus non‑monetary items in accounting records.
  • Explain why historical cost is the default measurement basis.
  • Evaluate the limitations of the money measurement principle.
  • Apply the principle to classify and record sample transactions.
Materials Needed:
  • Projector and screen
  • Whiteboard and markers
  • Printed worksheet with transaction examples
  • Accounting handout on money measurement
  • Calculator for each student
  • Sticky notes for exit tickets
 Introduction:
Begin with a quick poll: “If you could measure a company’s performance with just one number, what would it be?” Connect this to prior knowledge of units of measurement and explain that today’s lesson will reveal why accountants rely on a single monetary unit. Outline the success criteria: students will state the principle, list monetary vs. non‑monetary items, and justify the use of historical cost.
Lesson Structure:
  1. Do‑now (5'): Students write examples of items they think cannot be expressed in money; share with class.
  2. Mini‑lecture (10'): Explain the money measurement principle, functional currency, and historical cost using slides.
  3. Guided practice (12'): Classify items from a provided table as monetary or non‑monetary; discuss reasoning.
  4. Application activity (15'): In pairs, record sample transactions using historical cost and note any exclusions.
  5. Check for understanding (5'): Quick quiz (Kahoot or show of hands) on key points.
  6. Summary discussion (3'): Review strengths and limitations; answer remaining questions.
Conclusion:
Recap the definition, scope, and historical‑cost basis of the money measurement principle, emphasizing its strengths and limits. Students complete an exit ticket stating one advantage and one limitation. For homework, read the textbook section on money measurement and write a short paragraph on how inflation can affect recorded values.