Lesson Notes By Weeks and Term - Senior Secondary 2
Manufacturing account III
Manufacturing account III
Term: 1st Term
Week: 3
Class: Senior Secondary School 2
Age: 16 years
Duration: 40 minutes of 2 periods each
Date:
Subject: Financial accounting
Topic:- Manufacturing account III
SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to
INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source
INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures
INSTRUCTIONAL PROCEDURES
PERIOD 1-2
|
PRESENTATION |
TEACHER’S ACTIVITY |
STUDENT’S ACTIVITY |
|
STEP 1 INTRODUCTION |
The teacher reviews the previous lesson on manufacturing account |
Students pay attention |
|
STEP 2 EXPLANATION |
She explains transfer pricing
|
Students pay attention and participates |
|
STEP 3 DEMONSTRATION |
She further discusses the objective of the manufacturing process |
Students pay attention and participate |
|
STEP 4 NOTE TAKING |
The teacher writes a summarized note on the board |
The students copy the note in their books |
NOTE
MANUFACTURING ACCOUNT
TRANSFER PRICING
In the trading account, the cost of production is charged to determine profit
on sales. The changing of cost of production of goods may be done in two
ways.
When goods manufactured are charged at the current market value to the
trading account, the main objective is to obtain profit on the manufacturing
process. The manufacturing accounts will then have to show a balance
which represents a profit or loss on production and this is transferred to
profit and loss account.
EVALUATION: 1. Explain the meaning of transfer pricing
CLASSWORK: As in evaluation
CONCLUSION: The teacher commends the students positively