# Lesson Plan: Financial Accounting (Senior Secondary 1)
## Topic: Source Documents
### Objective:
By the end of the lesson, students should be able to:
1. Understand the concept and importance of source documents in financial accounting.
2. Identify different types of source documents.
3. Learn how to interpret and use source documents in recording financial transactions.
### Duration:
1 Hour 30 Minutes
### Materials Needed:
- Whiteboard and markers
- Projector and computer
- Handouts of sample source documents
- Notebooks and pens
- Textbook on financial accounting (if available)
### Lesson Outline:
#### Introduction (10 minutes)
1. **Greeting and Attendance:**
- Welcome students and take attendance.
2. **Introduction to Topic:**
- Briefly explain what source documents are and their role in financial accounting.
- State the objectives of the lesson.
#### Instruction/Teaching (40 minutes)
1. **Explanation of Source Documents:**
- Define source documents.
- Discuss their importance in providing evidence and record integrity.
- Display examples of source documents using a projector or handouts (e.g., invoices, receipts, checks, purchase orders, credit notes, and debit notes).
2. **Types of Source Documents:**
- Explain each type of source document.
- **Invoice:** Document sent by a seller to a buyer indicating the products, quantities, and agreed prices for products or services the seller has provided the buyer.
- **Receipt:** Document acknowledging that a person has received money or property in payment following a sale or other transfer of goods or provision of a service.
- **Check (Cheque):** Written order directing a bank to pay money as instructed.
- **Purchase Order:** Document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services.
- **Credit Note:** Issued by a seller to a buyer, reducing the amount that the buyer owes from a previously issued invoice.
- **Debit Note:** Sent by a buyer to a seller informing them of a debit made to the seller’s account.
#### Interactive Practice (30 minutes)
1. **Activity 1: Identify Source Documents:**
- Distribute handouts of sample transactions.
- Ask students to identify which type of source document is associated with each transaction.
2. **Activity 2: Interpretation and Recording:**
- Provide students with a set of source documents.
- Divide students into small groups and ask them to interpret and record the transactions into appropriate ledger accounts.
- Discuss and review the correct entries as a class.
#### Conclusion (10 minutes)
1. **Review the Lesson Objectives:**
- Ask a few students to summarize what they have learned about source documents.
- Clarify any doubts or questions raised by the students.
2. **Importance of Source Documents:**
- Emphasize the importance of accuracy and integrity in handling source documents for financial records.
#### Assignments and Homework (5 minutes)
1. Assign a homework task where students collect examples of source documents (real or fictional) and describe their purpose and usage.
2. Ask students to read the relevant chapter on source documents from their textbook (if available) for the next class.
### Assessment:
- **In-class Activities:** Monitor students’ participation in identifying and recording transactions.
- **Homework:** Check the quality and thoroughness of the collected source documents and their descriptions.
### Resources:
- Financial accounting textbook
- Sample source documents sourced from online or printed materials
### Notes for Teachers:
- Ensure you give students enough time to handle each activity practically.
- Make the lesson as interactive as possible to keep students engaged.
- Be patient and open to questions to ensure all students understand the core concepts.
This concludes your lesson plan on source documents for a Financial Accounting class in Senior Secondary 1.