Lesson Plan

Resources → Subject Notes → Accounting → Notes
Lesson Plan
Grade: Date: 17/01/2026
Subject: Accounting
Lesson Topic: explain the advantages and disadvantages of forming a partnership
Learning Objective/s:
  • Describe the definition and key characteristics of a partnership.
  • Identify at least six advantages and six disadvantages of forming a partnership.
  • Analyse how profit is shared among partners based on capital contributions.
  • Evaluate situations where a partnership is more suitable than other business forms.
Materials Needed:
  • Projector or interactive whiteboard
  • Printed handout with summary table
  • Worksheet with profit‑sharing calculations
  • Whiteboard markers
  • Sample partnership agreement excerpt
 Introduction:
Begin with a quick poll: “If you were starting a business with a friend, what would you need from each other?” Connect this to prior learning on sole traders and limited companies. Explain that today’s success criteria are to list the main pros and cons of partnerships and to calculate profit shares.
Lesson Structure:
  1. Do‑now (5’) – Students complete a short KWL on business structures.
  2. Mini‑lecture (10’) – Define partnership, show diagram, discuss combined resources and liability.
  3. Interactive table activity (12’) – In pairs, fill a two‑column table of advantages vs disadvantages using the handout.
  4. Profit‑sharing demonstration (8’) – Teacher models the calculation; students solve a similar problem on the worksheet.
  5. Check for understanding (5’) – Quick quiz via Kahoot or exit ticket summarising key points.
Conclusion:
Recap the major advantages and disadvantages highlighted today, emphasizing the trade‑off between resource pooling and unlimited liability. Ask students to write one advantage and one disadvantage on a sticky note as an exit ticket. For homework, assign a case study where they decide whether a partnership is the best structure and justify their choice.