Lesson Plan

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Lesson Plan
Grade: Date: 17/01/2026
Subject: Accounting
Lesson Topic: distinguish between receipts and payments accounts and income and expenditure accounts
Learning Objective/s:
  • Describe the cash‑basis nature of a Receipts & Payments account.
  • Explain the accrual‑basis purpose of an Income & Expenditure account.
  • Compare the information each statement provides for a club’s financial health.
  • Prepare a simple Receipts & Payments account from given cash data.
  • Prepare a basic Income & Expenditure account and determine surplus or deficit.
Materials Needed:
  • Projector or interactive whiteboard
  • Printed worksheet with sample club data
  • Calculator for each student
  • Sample Receipts & Payments and Income & Expenditure templates
  • Whiteboard and markers
 Introduction:
Begin with a quick question: “How does a school club know if it has enough cash to run its activities?” Link this to students’ experience of managing pocket money. State that today they will learn the two statements clubs use and the success criteria: they will be able to produce both accounts and interpret the result.
Lesson Structure:
  1. Do‑now (5'): Students list cash they received or spent in the past week (individual).
  2. Mini‑lecture (10'): Explain cash‑basis vs accrual‑basis, using the club example.
  3. Guided practice (12'): Walk through preparing a Receipts & Payments account from the sample data.
  4. Partner activity (10'): Complete an Income & Expenditure account using the same data, identifying accrued items.
  5. Check for understanding (8'): Compare the two statements, discuss surplus/deficit and cash position.
  6. Summary checklist (5'): Students fill a quick exit ticket noting one key difference.
Conclusion:
Recap the purpose of each account and how they together give a full picture of a club’s finances. Ask students to write one sentence on their exit ticket describing which statement they would show to a club treasurer versus a school governor. Assign homework: create both accounts for a fictional sports club using provided data.