### Lesson Plan: Financial Accounting - Control Account II
#### Class:
- **Senior Secondary 1**
#### Subject:
- **Financial Accounting**
#### Topic:
- **Control Account II**
#### Duration:
- **60 minutes**
#### Learning Objectives:
By the end of this lesson, students will be able to:
1. Understand and explain the purpose and components of a Control Account.
2. Differentiate between Sales Ledger Control Account and Purchase Ledger Control Account.
3. Record transactions in a Control Account.
4. Identify and correct errors using the Control Account.
### Lesson Outline
#### Introduction (10 minutes)
1. **Greeting and Roll Call** - Welcome the students and take attendance.
2. **Warm-Up Activity**:
- **Discussion**: Briefly recap the previous lesson on Control Accounts.
- **Quick Q&A**: Ask students to explain what a control account is and why it is used.
- **Objective Overview**: Introduce today’s objectives and what students will learn about Control Account II.
#### Instruction (20 minutes)
1. **Lecture**:
- **Purpose of Control Accounts**: Explain the role of control accounts in summarizing information and detecting errors.
- **Types of Control Accounts**:
- *Sales Ledger Control Account* (also known as Total Debtors Account)
- *Purchase Ledger Control Account* (also known as Total Creditors Account)
- **Components**: Discuss key components like:
- Debits: Sales on credit, funds received, discounts allowed, returns inwards.
- Credits: Purchases on credit, payments made, discounts received, returns outwards.
2. **Worked Examples**:
- Illustrate how to enter transactions into a Sales Ledger Control Account.
- Illustrate how to enter transactions into a Purchase Ledger Control Account.
#### Guided Practice (15 minutes)
1. **Activity**:
- **Worksheet Distribution**: Hand out a worksheet containing several transactions.
- **Group Work**: Divide students into small groups to record transactions in either a Sales Ledger Control Account or a Purchase Ledger Control Account. Make sure each group gets a different set of transactions to work with.
2. **Discussion**: Reconvene and discuss the entries made by the groups. Confirm the correct entries and address any mistakes.
#### Independent Practice (10 minutes)
1. **Exercise**:
- **Individual Assignment**: Provide students with an exercise to complete individually. This exercise involves recording a new set of transactions into the respective control accounts.
2. **Quiet Work**: Monitor the class to ensure students are on task and assist those who need help.
#### Closing (5 minutes)
1. **Q&A Session**: Open the floor to any questions the students may have about the lesson.
2. **Summary**: Recap the key points covered in the lesson.
3. **Homework Assignment**: Assign a homework task where students need to prepare a mini-control account for a provided list of transactions.
#### Evaluation:
- **Class Participation**: Evaluate student engagement during discussions and group activities.
- **Worksheet Accuracy**: Assess the completed group worksheet for correct entries.
- **Independent Assignment**: Review the individual exercises to evaluate understanding.
#### Materials Needed:
- Whiteboard and markers
- Worksheets for group activity
- Exercise sheet for individual practice
- Homework assignment printouts
#### Additional Resources:
1. **Textbook Reference**: Assign a reading section from the textbook covering Control Accounts.
2. **Online Resources**: Provide links to relevant online tutorials or videos that explain control accounts in detail.
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This lesson plan provides a structured approach to teaching Senior Secondary 1 students about Control Accounts, allowing them to gradually build their understanding and apply what they’ve learned through practical exercises.