Lesson Plan

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Lesson Plan
Grade: Date: 17/01/2026
Subject: Accounting
Lesson Topic: prepare accounts for revenue-generating activities, e.g. refreshments, subscriptions
Learning Objective/s:
  • Describe the common revenue‑generating activities of clubs and societies.
  • Record journal entries for income and related expenses using double‑entry bookkeeping.
  • Prepare a simple income statement and calculate the net surplus.
  • Construct a basic statement of financial position that shows the surplus under equity.
  • Identify and correct typical errors made when accounting for club transactions.
Materials Needed:
  • Projector and screen
  • Whiteboard and markers
  • Printed worksheet with journal entry tables
  • Sample income statement template
  • Calculator
  • Mock transaction cards (refreshments, subscriptions, advertising)
 Introduction:
Begin with a quick question: How does a school club keep track of money from snack sales and membership fees? Review the double‑entry system from the previous lesson. Explain that today students will record these transactions and produce an income statement and a simplified balance sheet, with success measured by correctly completing a practice club account.
Lesson Structure:
  1. Do‑now (5'): Students list possible revenue sources for a club on sticky notes.
  2. Mini‑lecture (10'): Present key concepts and journal entry format; demonstrate one entry on the board.
  3. Guided practice (15'): In pairs, fill journal entry tables for sample transactions.
  4. Income statement construction (10'): Groups compile totals and draft an income statement.
  5. Statement of financial position (8'): Show how the surplus moves to equity; complete a simple template.
  6. Common errors quiz (7'): Identify mistakes in a faulty example.
  7. Independent practice (15'): Students complete a practice question individually.
  8. Check for understanding (5'): Exit ticket – write one step to ensure correct surplus reporting.
Conclusion:
Recap that accurate recording produces a clear profit figure and proper equity presentation. Collect exit tickets where students state the next step in preparing club accounts. For homework, finish the remaining practice questions and bring any queries to the next lesson.