Grade: 11 Subject: Accounting

Lesson Plan: Profit and Loss Account and Balance Sheet

Learning Objectives: 1. Understand the concept of profit and loss account and balance sheet. 2. Learn the adjustments treatment of further bad debts, new provision for bad debts, and old provision. 3. Apply the knowledge of profit and loss account and balance sheet to real-life scenarios.

Competency Focus: 1. Analytical thinking 2. Problem-solving skills 3. Financial literacy

Teaching Aids: 1. Whiteboard and markers 2. Handouts with examples and exercises 3. Accounting software (optional) 4. Financial statements of a company (optional)

Starter Activity: 1. Begin the lesson by asking students to recall the definition of profit and loss account and balance sheet. 2. Discuss with the students the importance of these financial statements in evaluating the financial performance and position of a company.

Progress: 1. Introduce the concept of profit and loss account, explaining its purpose and components. 2. Discuss the various adjustments related to bad debts, including further bad debts, new provision for bad debts, and old provision. 3. Explain the treatment of these adjustments in the profit and loss account. 4. Introduce the concept of a balance sheet, explaining its purpose and components. 5. Discuss the relationship between the profit and loss account and the balance sheet. 6. Demonstrate how the adjustments related to bad debts affect the balance sheet. 7. Provide examples and exercises for students to practice calculating and recording these adjustments in the profit and loss account and balance sheet.

Cross Curriculum: 1. Connect this topic with Mathematics by discussing the calculations involved in profit and loss account and balance sheet. 2. Relate this topic to Economics by discussing the importance of financial statements in analyzing the financial health of a company.

Innovative Pedagogy: 1. Use real-life examples and case studies to make the topic more relatable and engaging for students. 2. Incorporate technology by using accounting software to demonstrate the preparation of profit and loss account and balance sheet.

Value: 1. Impart financial literacy skills to students, enabling them to understand and analyze financial statements. 2. Develop critical thinking and problem-solving skills through the application of adjustments in real-life scenarios.

Art Integration: 1. Ask students to create visual representations of profit and loss account and balance sheet using colors and symbols to make them visually appealing.

Differentiation: 1. Provide additional support and guidance to students who may struggle with the calculations and concepts by offering extra practice exercises and one-on-one assistance. 2. Challenge advanced students by introducing more complex adjustments and scenarios for them to analyze and solve.

Learning Outcomes: 1. Students will be able to define and explain the purpose of profit and loss account and balance sheet. 2. Students will understand the adjustments treatment of further bad debts, new provision for bad debts, and old provision. 3. Students will be able to calculate and record these adjustments in the profit and loss account and balance sheet. 4. Students will be able to analyze the impact of these adjustments on the financial position of a company.

Evaluation: 1. Ask students to solve a set of questions related to the adjustments treatment of bad debts in the profit and loss account and balance sheet. 2. Evaluate students’ understanding through class discussions and participation. 3. Assign a worksheet or project where students have to analyze the financial statements of a company and make necessary adjustments.

Assignment and Worksheet Resources: 1. Provide a worksheet with questions related to the adjustments treatment of bad debts in the profit and loss account and balance sheet. 2. Assign a project where students have to analyze the financial statements of a company and make necessary adjustments.