Lesson Plan

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Lesson Plan
Grade: Date: 25/02/2026
Subject: Accounting
Lesson Topic: explain the disadvantages of not maintaining a full set of accounting records
Learning Objective/s:
  • Describe why a full set of accounting records is essential for accurate financial reporting.
  • Identify at least five disadvantages of incomplete records.
  • Analyse the impact of missing records on profit calculation, compliance and decision‑making.
  • Evaluate how incomplete records increase fraud risk and affect relationships with creditors and lenders.
  • Apply the concept by calculating profit using both complete and incomplete data.
Materials Needed:
  • Projector or interactive whiteboard
  • Printed handout of the key disadvantages table
  • Sample cash sales/purchases worksheet
  • Calculator for each student
  • Whiteboard markers
  • Sticky notes for quick recall
 Introduction:
Begin with a quick poll: “What would happen if you tried to run a business without keeping any records?” Discuss students’ ideas, then link to the importance of reliable accounting information. Explain that today they will explore the concrete disadvantages of incomplete records and how these affect profit, legal compliance, and business decisions.
Lesson Structure:
  1. Do‑Now (5') – Students write on sticky notes any problems they think arise from missing records; share briefly.
  2. Mini‑lecture (10') – Teacher presents the seven key disadvantages using the summary table, highlighting real‑world consequences.
  3. Guided example (12') – Work through the cash vs. credit sales example; students calculate profit using incomplete data, then the correct profit, and discuss the £2,000 error.
  4. Group activity (15') – In small groups, students match each disadvantage to its potential consequence from the summary table; groups present their matches.
  5. Check for understanding (8') – Quick quiz (Kahoot or printed) with 5 multiple‑choice questions on the disadvantages and their impacts.
  6. Reflection (5') – Students write one sentence on a Padlet about why maintaining full records matters.
Conclusion:
Summarise that incomplete records distort profit, breach legal duties, hinder decision‑making and raise fraud risk. Ask students to submit an exit ticket stating the single most serious disadvantage they would warn a new entrepreneur about. For homework, assign a short case study where they must identify missing records and suggest how to rectify them.