Lesson Plan

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Lesson Plan
Grade: Date: 17/01/2026
Subject: Accounting
Lesson Topic: realisation
Learning Objective/s:
  • Describe the realisation principle and its role in revenue recognition.
  • Identify the four criteria that must be met for revenue to be recognised.
  • Distinguish between accrued revenue and unearned revenue on the financial statements.
  • Apply the principle to prepare correct journal entries for typical transactions.
  • Evaluate common mistakes and correct them using a checklist.
Materials Needed:
  • Projector or interactive whiteboard
  • Printed worksheet with journal‑entry exercises
  • Sample income‑statement and balance‑sheet handouts
  • Calculator
  • Whiteboard markers and erasers
  • Sticky notes for quick checks
 Introduction:
Begin with a quick poll: “When do you think a sale is recorded – when cash arrives or when the product is delivered?” Review the previous lesson on accrual accounting, then state that today’s success criteria are to correctly recognise revenue using the realisation principle and to produce accurate journal entries.
Lesson Structure:
  1. Do‑now (5') – Students answer the poll on Padlet; teacher summarises responses.
  2. Mini‑lecture (10') – Explain the realisation principle and its four criteria with examples.
  3. Guided practice (12') – Whole‑class walkthrough of a journal entry for a sale of goods on credit.
  4. Group activity (15') – Worksheet on unearned revenue and monthly recognition; teacher circulates to support.
  5. Check for understanding (8') – Quick Kahoot quiz distinguishing accrued vs. unearned revenue.
  6. Summary & common mistakes (5') – Highlight pitfalls and review the checklist.
Conclusion:
Recap the four realisation criteria and how they shape journal entries. Students complete an exit ticket writing one journal entry for a prepaid service. Homework: finish the remaining worksheet questions and bring a real‑world example of revenue recognition.