Lesson Plan for Senior Secondary 2 - Store Keeping - Valuation Of Stock

### Lesson Plan: Valuation of Stock **Grade Level:** Senior Secondary 2 **Subject:** Store Keeping **Topic:** Valuation of Stock **Duration:** 60 minutes --- #### Objectives: By the end of the lesson, students should be able to: 1. Understand what stock valuation is and why it is important. 2. Identify different methods of stock valuation. 3. Apply basic stock valuation methods to sample problems. 4. Explain how stock valuation impacts financial statements. --- #### Materials Needed: - Whiteboard and markers - Handouts with sample stock valuation problems - Calculators - Projector and laptop (optional for presentation) - Textbooks or supplementary materials on stock valuation --- #### Lesson Structure: **1. Introduction (10 minutes)** - **Greeting and Attendance:** Warmly welcome the students and take attendance. - **Hook/Engagement:** Begin with a real-world scenario: "Imagine you own a business. How do you determine the value of the products you have in your store at the end of the month?" - **Learning Objectives Overview:** Briefly explain what they'll learn in this session. **2. Direct Instruction (15 minutes)** - **Definition and Importance:** Explain what stock valuation is and why it is crucial for businesses. Highlight its role in financial reporting, tax purposes, and business decision-making. - **Methods of Stock Valuation:** Introduce the main methods: - **First-In, First-Out (FIFO)** - **Last-In, First-Out (LIFO)** - **Weighted Average Cost** - **Specific Identification Method** **3. Guided Practice (15 minutes)** - **Example Problems:** Work through examples on the whiteboard for each method. - For FIFO: Show how the earliest stock costs are used first. - For LIFO: Show how the latest stock costs are used first. - For Weighted Average: Calculate the average cost of all units. - For Specific Identification: Show how individual items can be tracked. - **Student Participation:** Ask students to solve similar problems and discuss the answers. **4. Independent Practice (10 minutes)** - Distribute handouts with stock valuation problems for students to solve individually or in groups. - Walk around the classroom to provide assistance and ensure students are on task. **5. Review and Q&A (10 minutes)** - **Review Key Points:** Summarize the main concepts covered: what stock valuation is, why it matters, and the different methods. - **Questions and Answers:** Open the floor for any questions. Provide clarity and additional examples if needed. **6. Conclusion (5 minutes)** - **Recap:** Briefly recap the lesson and emphasize the importance of accurate stock valuation in real-world business settings. - **Homework Assignment:** Assign a set of stock valuation problems to be completed at home. - **Preview Next Lesson:** Give a brief preview of the next topic to be covered in store keeping. #### Assessment: - Classroom participation during guided practice. - Accuracy in solving example problems on the handouts. - Homework assignment to gauge understanding and application of stock valuation methods. --- ### Additional Notes: - Ensure to address various learning styles by mixing visual examples (diagrams, charts), verbal explanations, and hands-on practice. - Offer additional resources or office hours for students who may need extra help understanding the material.