Lesson Plan

• Define the accumulated fund and explain its placement on the balance sheet.
• Calculate the accumulated fund using the standard formula.
• Prepare the required journal entries for opening balances, income, expenses, and the closing transfer.
• Identify and correct common mistakes when recording club transactions.
• Interpret the accumulated fund figure to inform future club budgeting decisions.

• Projector or interactive whiteboard
• Printed worksheet with sample club data
• Calculator or spreadsheet software
• Accounting journal template handout
• Example journal entry cards
• Diagram of cash‑flow for a club (optional)

Begin with a quick poll: “Where does the money a club earns actually go?” Connect this to students’ experiences in school clubs. State that by the end of the lesson they will be able to define the accumulated fund, calculate it, and record the final journal entry.

1. Do‑now (5’) – short quiz on income vs. expense categories for clubs.
2. Mini‑lecture (10’) – definition of accumulated fund, its purpose, and the calculation formula.
3. Guided practice (15’) – work through the sample journal entries on the projector, filling in the missing closing amount.
4. Group activity (10’) – students use the provided worksheet to calculate the accumulated fund for a fictitious club.
5. Check for understanding (5’) – exit‑ticket question: “What three pieces of information are needed to compute the accumulated fund?”
6. Summary & reflection (5’) – recap steps and discuss common mistakes.

Review the four calculation steps and emphasise the importance of carrying forward the opening balance. Collect exit tickets and assign a brief homework: students must prepare a full set of journal entries for a new club scenario and compute its accumulated fund.