Lesson Plan

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Lesson Plan
Grade: Date: 17/01/2026
Subject: Accounting
Lesson Topic: relevance
Learning Objective/s:
  • Describe the purpose and components of accounting policies.
  • Explain how relevance influences the selection of accounting policies.
  • Apply the criteria for choosing an appropriate accounting policy to a given transaction.
  • Analyse the impact of changing an accounting policy on the relevance of financial information.
  • Evaluate the disclosure requirements for accounting policies in IGCSE statements.
Materials Needed:
  • Projector or interactive whiteboard
  • Slide deck summarising policy criteria
  • Printed worksheet with a depreciation case study
  • Excerpt from IFRS/IGCSE accounting standards
  • Markers and flip chart
  • Exit‑ticket cards
 Introduction:
Begin with a quick poll: “What accounting policies have you seen in real‑world accounts?” Connect this to prior learning on financial statements, then state that today’s success criteria are to identify how relevance shapes policy choices and to justify policy selections.
Lesson Structure:
  1. Do‑now (5'): List examples of accounting policies; share a few on the board.
  2. Mini‑lecture (10'): Define accounting policy and relevance; present the five selection criteria with slides.
  3. Guided practice (12'): In groups, work through the XYZ depreciation case, deciding which method best serves relevance.
  4. Whole‑class discussion (8'): Compare group decisions, highlight how each choice affects timeliness, comparability and user decision‑making.
  5. Independent worksheet (10'): Answer practice questions on consistency, inventory valuation, and policy changes.
  6. Summary & exit ticket (5'): Recap key points; students write one way a policy can enhance relevance and hand in the ticket.
Conclusion:
Review the five criteria and how the XYZ example illustrated relevance. Collect exit tickets as a quick retrieval check, then assign homework: research another significant accounting policy (e.g., revenue recognition) and prepare a brief note on how it supports relevance.