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→Key Idea #
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*Question Corner
*Question Corner
−==Key Idea #==
+==Key Idea # Accountancy is also a public service==
What are the key ideas to be covered
What are the key ideas to be covered
+While all business entities need to maintain books of accounts, accounting information is not merely for the owners of the business. The information is useful for a variety of actors - employees, customers, creditors/lenders, government, tax and revenue authorities and even the public at large.
+Hence Accountancy is an important public service.
===Learning objectives===
===Learning objectives===
+Understand the nature of accountancy as a larger public service
+
===Notes for teachers===
===Notes for teachers===
+In India financial accounting (and audit)is an important profession. The [http://www.icai.org/ 'Institute of Chartered Accountants of India'] monitors and supports the development of the accountancy and audit profession. India has the largest number of public accountants (called Chartered Accountants) in the world, numbering around [http://220.227.161.86/30987key-statistics.pdf 300,000].
−===Activity No # ===
+Public audit bodies such as the 'Auditor General (AG)' audit the financial records and support the transparency and integrity of public activities and investments/expenditure
+===Activity No # 1 - Debate/discussions on 'who needs accountancy' ===
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|<div style="width:150px;border:none; border-radius:10px;box-shadow: 5px 5px 5px #888888; background:#f5f5f5; vertical-align:top; text-align:center; padding:5px;">
|<div style="width:150px;border:none; border-radius:10px;box-shadow: 5px 5px 5px #888888; background:#f5f5f5; vertical-align:top; text-align:center; padding:5px;">
''[http://www.karnatakaeducation.org.in/?q=node/305 Click to Comment]''</div>
''[http://www.karnatakaeducation.org.in/?q=node/305 Click to Comment]''</div>
|}
|}
−*Estimated Time
+Discussions among a group of students/teachers on who all need accountancy and why?
+*Estimated Time -one period
+*Materials/ Resources needed
*Materials/ Resources needed
+Paper,pen
+
*Prerequisites/Instructions, if any
*Prerequisites/Instructions, if any
+
*Multimedia resources
*Multimedia resources
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*Relevant local connections - people, places and materials
*Relevant local connections - people, places and materials
+
*Website interactives/ links
*Website interactives/ links
+
*Process
*Process
+Different groups/teams of students can don the role of different actors and think and share why they need accountancy. Other students can add/probe/question/debate. One set of students can make a record of discussion highlights and share
+
*What questions can you ask
*What questions can you ask
+Why is accountancy a popular profession?
+How are your school financial records maintained?
+*Assessments - incorporating elements of CCE
*Assessments - incorporating elements of CCE
+Is accountancy of importance to the community?
*Question Corner
*Question Corner