Lesson Plan

• Describe the matching principle and its relevance to other payables and receivables.
• Identify common non‑trading payables and receivables and determine the period they relate to.
• Prepare adjusting journal entries to match costs with related revenues.
• Analyse the impact of correct/incorrect matching on the income‑statement profit figure.
• Apply the matching principle in a worked example of accrued interest.

• Projector or interactive whiteboard
• Printed worksheet with journal‑entry practice
• Calculator
• Sample trial‑balance handout
• Whiteboard markers
• Sticky notes for quick checks

Begin with a quick discussion on how forgetting to record an expense can inflate profit, linking to students’ recent work on revenue recognition. Review the matching principle introduced last week and explain that today they will apply it to other payables and receivables. By the end of the lesson they will be able to identify these items, determine the correct accounting period, and record the appropriate adjusting entries.

1. Do‑now (5'): Students answer a short question on the effect of omitting an expense on profit.
2. Mini‑lecture (10'): Explain other payables/receivables and the matching principle with examples.
3. Guided practice (12'): Work through the accrued interest example together, completing calculations and journal entry.
4. Group activity (15'): Teams analyse a set of mixed payables/receivables, decide the period, and draft adjusting entries on worksheet.
5. Whole‑class feedback (8'): Review group answers, highlight common errors, and reinforce key points.
6. Exit ticket (5'): Students write one concise statement describing why matching matters for profit accuracy.

Elicit a brief recap of the steps needed to match costs and revenues for other payables and receivables. Collect the exit tickets as a retrieval check and clarify any lingering doubts. Assign homework to complete a worksheet with additional adjusting entries for prepaid insurance and rent received in advance.