Lesson Plan

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Lesson Plan
Grade: Year 10 Date: 25/02/2026
Subject: Accounting
Lesson Topic: recognise and define the content of a statement of financial position: non-current assets, intangible assets, current assets, current liabilities, non-current liabilities and capital
Learning Objective/s:
  • Describe the classification of assets and liabilities on a statement of financial position.
  • Explain the difference between current and non‑current items, including intangible assets.
  • Apply the accounting equation to verify that total assets equal total liabilities plus capital.
  • Construct a simple statement of financial position for a sole‑trader using given data.
Materials Needed:
  • Projector and screen
  • Whiteboard and markers
  • Printed handout of the statement of financial position template
  • Sample worksheet with classification tasks
  • Calculator for each student
  • Sticky notes for exit ticket
 Introduction:
Begin with a quick recall: ask students what information a balance sheet provides about a business. Connect this to their prior work on assets and liabilities from earlier lessons. Explain that today they will learn to recognise and define each component of a statement of financial position and will be able to check its balance.
Lesson Structure:
  1. Do‑now (5’) – Students list examples of assets and liabilities on sticky notes.
  2. Mini‑lecture (10’) – Present the six categories, using projector to show the classification table.
  3. Guided practice (15’) – Work through the ABC Sole Traders example, filling in a blank statement together.
  4. Independent activity (15’) – Students complete a worksheet classifying items and completing the accounting equation.
  5. Check for understanding (5’) – Quick quiz via Kahoot or show of hands on key points.
  6. Summary & exit ticket (5’) – Students write one thing they mastered and one question on a sticky note.
Conclusion:
Recap the six sections and how they fit into the accounting equation. Collect exit tickets to gauge understanding, and assign homework to create a statement of financial position for a hypothetical business using provided data.