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Financialaccountingss2week 3 plan

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MaryVincent Excellent School, Nkwelle

Lesson Plan for Term 1, 2024/2025 Session


Subject Financial Accounting Teacher: Anatunah Venue:
school hall

Wee Day & Date: Grade: Period: Length of lesson: Number in


k: 5/10/24 Ss2 2 45min class:
3 3

Topic:
preparation of manufacturing profit and loss account
Preparation of manufacturing profit and loss account

Learning Outcomes / Objectives:


At the end of the lesson the students should be able to:
 Explain the purpose of manufacturing trading profit and loss account
 Outline the structure and purpose of manufacturing profit and loss account
 Prepare a simple manufacturing trading profit and loss account based on a given data
 Calculate gross profit and net profit within a manufacturing context.

Resources/Teaching Aids:
Text book on financial accounting
Whiteboard and marker
Virtue of the Month:
Integrity in financial reporting

STUDENT OUTCOMES
All students should Most students should Some students should
 Understand the basic structure Be able to outline the steps to  Complete a full
of manufacturing profit and loss prepare a manufacturing manufacturing trading
account trading profit and loss profit and loss
account account from start to
finish , calculating
gross and net profit
accurately.

Risk assessment: Numeracy / Literacy / ICT focus:


Ensures no tripping harzard near Numeracy...calculating cost revenue ,gross profit and net
desk and that material are profit.
accessible. Literacy.... understanding and using financial
terminologies accurately.
Use of spread sheet for structured financial statements
Set Induction:
Introduce the concept of profit and loss account within a manufacturing business.explain briefly why
manufacturers need specific account to track cost,sale and profit uniquely.

LESSON DETAIL
Starter/Previous Knowledge:
Review the trading profit and loss account for non manufacturing business emphasizing the main
components.

Time Teacher Activity Student Activity Learning outcome


check
15min Explain the difference  Listens and take notes  Can students
s between manufacturing and distinguish between
trading profit and loss manufacturing and
account with examples trading profit and loss
15 account.
Go through the step to  Are students following
mins Engage by answering
prepare manufacturing and
questions and ask for the step and
profit and loss account using
clarification where needed. understanding each
sample data on the board.
components.
 Can students
15 Provide a work sheet and
Work individually or in pairs to independently apply
mins exercises for preparing
complete the worksheet. the step.
manufacturing trading profit
and loss account
Plenary/Evaluation:
Review answers to worksheet as a class emphasizing common error . reinforce the
important of accuracy in calculating profit.
Assignment:
Complete an additional manufacturing trading profit and loss account based on different set of data
provided in the text book or worksheet.

Reflection:
Asses students understanding through work sheet completion and class partispation .
consider additional example for the next lesson if students struggles with calculation.

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