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LESSON PLAN: #2 in Unit Plan

The lesson plan summarizes a Principles of Accounts class that will teach students about the FIFO (first in, first out) method of stock valuation. The 60-minute lesson will be delivered online and incorporate various teaching strategies like group discussions, talking circles, and peer learning. Students will watch a video explaining FIFO, discuss its advantages and disadvantages, and create stock cards demonstrating the method. Formative assessments include true/false questions and a Socrative quiz. The lesson aims to help students understand and apply the FIFO concept.

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154 views

LESSON PLAN: #2 in Unit Plan

The lesson plan summarizes a Principles of Accounts class that will teach students about the FIFO (first in, first out) method of stock valuation. The 60-minute lesson will be delivered online and incorporate various teaching strategies like group discussions, talking circles, and peer learning. Students will watch a video explaining FIFO, discuss its advantages and disadvantages, and create stock cards demonstrating the method. Formative assessments include true/false questions and a Socrative quiz. The lesson aims to help students understand and apply the FIFO concept.

Uploaded by

api-552942601
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1

DIPLOMA IN EDUCATION PROGRAMME


SCHOOL OF EDUCATION
THE UNIVERSITY OF THE WEST INDIES, ST. AUGUSTINE

Principles of Accounts
LESSON PLAN: #2 in Unit plan

TEACHER: Mrs. Samdaye Gopaulchan

SCHOOL: Vishnu Boys Hindu College DATE:

CLASS/FORM: 5 No. in class: 38 TIME: 8am No of period(s): 1 Duration: 60 mins

Planning for the lesson

UNIT PLAN: Refer to attached document

TOPIC: Methods of Stock Valuation -FIFO

CONCEPT map: Refer to attached document

CURRICULUM INTEGRATION AREAS: Mathematics, CSEC Principles of Business,


CAPE Management of Business

Strategies for:
Planning for inclusiveness: The lesson was planned using the VARK sensory modalities:
Visual: Video from Investopedia on FIFO, concept map
Aural/Auditory: video
Read/Write: Student reads aloud and writes notes
Kinaesthetic: Socrative Assessment

Planning for literacy improvement: Student reads PowerPoint aloud

Planning for Technology Integration: Zoom, Zoom whiteboard, socrative,


2

 Instructional strategies to be used and their rationale:


 Group Discussions: They are essential for building background on specific issues, creating
motivation and interest, and giving students a forum for expressing and exploring new ideas
and information. Group discussions help students learn to articulate their views and respond
to opinions that differ from their own. Group discussions may involve the whole class or a
small group. Participating in group discussions help students consider other people’s
perspectives and develop effective problem solving skills.
 Talking circles are useful when students can share feelings. The purpose of talking circles is
not to reach a decision or consensus. Rather, it is to create a safe environment for students to
share their points of view with others and gain trust in their classmates. They come to believe
that what they say will be heard and accepted without criticism. They may also gain an
empathetic appreciation for other points of view.
 Peer Partner Learning can assist students as one is the “doer, student” who performs the
tasks and the other the “helper, teacher” who observes, provides feedback and information.
The partner then reverse roles. This will encourage students to learn from each other and
develop skills.

The lesson plan:

PRE-KNOWLEDGE Identifying turnover /stock, perishables, non-perishables, purpose of


inventory, stock card.

OBJECTIVES:
At the end of this lesson, pupils will be able to:

Objectives of the lesson Classification of Domain


objectives
Describe the FIFO method of stock valuation Remembering Cognitive
Discuss the advantages and disadvantages of Understanding Cognitive
FIFO to a related business

Explain the use of stock cards in a business Evaluating cognitive


Prepare a stock card using Microsoft word for Applying Cognitive
the FIFO method

Justify the importance of using a particular Valuing Affective


perishable/non-perishable item 1st from their
kitchen

SET INDUCTION: picture of stocks in different business bakery, supermarket, and fruits will
be shown to students to guess the topic Time allotted: 5
minutes
3

SECTION 1- Time allotted: 20 MINUTES


Teaching points: The teacher will:
1) Use PowerPoint to showcase objectives of lessons
2) Show students a list of questions to look for in the video
-What is the meaning of FIFO?
-Which stock is sold first?
-Was a perishable or non-perishable good shown in the video?
-Is FIFO accepted by most businesses?
-Why do businesses use FIFO method?
3) Show the students PowerPoint slides on advantages and disadvantages (students read and
Internalize) and initiate talking circles to share experiences or think about a business
using FIFO and relate advantages and disadvantages

METHOD
Teaching Strategy Student Activity Resources
Group class The student will:- PowerPoint presentation
Discussions
Teacher will give Make a note of Video from
students a list of questions and look at https://www.investopedia.com/terms/f/fifo.asp
questions and show video
video
After video will
facilitate discussions
about FIFO
PowerPoint
Talking circles One by one start Zoom whiteboard
Based on PowerPoint discussions on their
slides the teacher will experience or
initiates conversation thoughts on
by asking students to businesses using
think about a FIFO advantages and
business selling a disadvantages
perishable or
nonperishable
product and to relate
to advantages and
disadvantages of
FIFO
4

SECTIONAL REVIEW Time allotted: 5 minutes

True or False section (type into the chat T or F)

QUESTIONS:

1) FIFO means Fly In Fly Out -F


2) FIFO means First In First Out –T
3) FIFO method is difficult to understand and calculate – F
4) The matching concept is violated in FIFO- T
5) During Inflation FIFO will result in lower profits -F

SECTION 2- Time allotted: 15 Minutes


Teaching points:
1. Show students definition of stock cards –A student read the definition aloud
2. Using PowerPoint showcasing format asks students to replicate in word or excel
3. Class discussion on justifying the importance of using a particular perishable/non-
perishable item 1st from their kitchen

METHOD
Teaching Strategy Student Activity Resources
Peer Partner Learning The student will :- PowerPoint Presentation
Teacher places students by Read definition and uses Zoom
partner list to read the Prepare stock card Microsoft word /excel
definition and uses of stock
cards and prepare the card
using format given

Talking circles
Teacher asks students to Talk and share their
justify the importance of experiences with classmates
using a perishable or non
perishable item first from
their kitchen

SECTIONAL REVIEW Time allotted: 5 minutes

Students will be asked to share their screens / take a picture /send to what app chat or email stock
card formats
5

CONTINGENCY PLAN: If internet connection drops, work will be emailed to students also,
word document uploaded to WhatsApp group and Google Classroom

CLOSURE Time allotted: 3 minutes


A recap of lesson will be done by using the concept map.
Students will be asked what they learnt from the class in one word by using
https://answergarden.ch/1747992

FINAL EVALUATION – Time allotted: 7 minutes


Teacher resource : https://b.socrative.com/teacher/#import-quiz/55501277
Socrative student quiz
https://b.socrative.com/login/student/
Room name: GOPAULCHAN3508

FOLLOW-UP ACTIVITIES/LESSON:

For Homework:
1. Review what was done in class today
2. Read textbook chapter 30 page 288 on calculation of profits using FIFO method
3. Send me
Via our WhatsApp Group or my email at [email protected] a reflection of
class today. Be sure to include how you felt during teaching, what you discovered today in
class and what changes you will like to see or make in class.
6

CONCEPT MAP FOR FIFO METHOD


7
8

ANSWERS FOR SOCRATIVE ASSESSMENT


1. D
2. True
3. True
4. A
5. True

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