722
edits
Changes
Jump to navigation
Jump to search
Line 81:
Line 81: − + − + − + − + − + − + − + − + − + − + Line 114:
Line 114: − + − + − + − + − + − + − + − + − + − + Line 163:
Line 163: − + − + − + − + − + − + − + − + − + − + Line 205:
Line 205: − + − + − + − + − + − + − + Line 239:
Line 239: − + − + − + − + − + − + − + − + − + − +
no edit summary
In some homes, parents may be maintaining a record of household expenses. Ask the student to bring an old record from a previous month for discussions in the class. Or your own record can be shared and discussed, if you maintain
In some homes, parents may be maintaining a record of household expenses. Ask the student to bring an old record from a previous month for discussions in the class. Or your own record can be shared and discussed, if you maintain
*Estimated Time - 1 period for discussions
*'''Estimated Time''' - 1 period for discussions
*Materials/ Resources needed - Register / record of expenses maintained at home
*'''Materials/ Resources needed''' - Register / record of expenses maintained at home
*Prerequisites/Instructions, if any - Discussing how accounting (keeping records of monetary transactions)is a very old and also a common practice. Simplest records are of household expenses.
*'''Prerequisites/Instructions, if any''' - Discussing how accounting (keeping records of monetary transactions)is a very old and also a common practice. Simplest records are of household expenses.
*Multimedia resources
*'''Multimedia resources'''
Short video which shows how we can use a spreadsheet (Video shows Excel, but same can be done with LibreOffice also) to keep a record of monthly expenses.
Short video which shows how we can use a spreadsheet (Video shows Excel, but same can be done with LibreOffice also) to keep a record of monthly expenses.
{{#widget:YouTube|id=UvDulzibJBI}}
{{#widget:YouTube|id=UvDulzibJBI}}
*Relevant local connections - people, places and materials
*'''Relevant local connections''' - people, places and materials
*Website interactives/ links
*'''Website interactives/ links'''
*Process - Even at home, your parents may be maintaining a simple record of expenses by date. The total of expenses may be calculated each month, to keep a track against the income (which may be a monthly income)
*'''Process''' - Even at home, your parents may be maintaining a simple record of expenses by date. The total of expenses may be calculated each month, to keep a track against the income (which may be a monthly income)
*What questions can you ask
*'''What questions can you ask'''
- Why is such a record being maintained at home?
- Why is such a record being maintained at home?
- How often is it recorded?
- How often is it recorded?
- What kind of expenses are most common during the month?Which are heavy expenses?
- What kind of expenses are most common during the month?Which are heavy expenses?
*Assessments - incorporating elements of CCE
*'''Assessments''' - incorporating elements of CCE
-Why is double entry system not maintained for home expense recording
-Why is double entry system not maintained for home expense recording
*Question Corner
*'''Question Corner'''
===Activity No # 2 - Visit to local business / shop===
===Activity No # 2 - Visit to local business / shop===
A visit can be planned and made to a local business which maintains it accounts under the double entry book keeping system. If such an entity is not easy to access, then a visit to the local shop can be planned, to discuss and understand from the shopkeeper how she/he maintains the records of expenditure and incomes
A visit can be planned and made to a local business which maintains it accounts under the double entry book keeping system. If such an entity is not easy to access, then a visit to the local shop can be planned, to discuss and understand from the shopkeeper how she/he maintains the records of expenditure and incomes
*Estimated Time - 1/2 day
*'''Estimated Time''' - 1/2 day
*Materials/ Resources needed
*'''Materials/ Resources needed'''
Pen, paper
Pen, paper
*Prerequisites/Instructions, if any
*'''Prerequisites/Instructions, if any'''
all those related to managing an excursion
all those related to managing an excursion
*Multimedia resources
*'''Multimedia resources'''
*Relevant local connections - people, places and materials
*'''Relevant local connections''' - people, places and materials
this is a visit to the local business/shop so links students to local institutions
this is a visit to the local business/shop so links students to local institutions
*Website interactives/ links
*'''Website interactives/ links'''
*Process
*'''Process'''
Visit the shop with a set of questions relating to the maintenance of financial records. A smaller team can discuss and others can observe (asking additional questions if needed)
Visit the shop with a set of questions relating to the maintenance of financial records. A smaller team can discuss and others can observe (asking additional questions if needed)
*What questions can you ask
*'''What questions can you ask'''
How do you maintain records of income and expenditure
How do you maintain records of income and expenditure
How do you preserve records
How do you preserve records
Do you need to show your records to anyone
Do you need to show your records to anyone
*Assessments - incorporating elements of CCE
*'''Assessments''' - incorporating elements of CCE
Why does a local shop keeper not maintain records under double entry book keeping system
Why does a local shop keeper not maintain records under double entry book keeping system
*Question Corner
*'''Question Corner'''
==Key Idea # 2 Types and examples of 'account heads'==
==Key Idea # 2 Types and examples of 'account heads'==
The information can be collected from different sources - financial statements / annual reports of companies, newspapers, magazines as well as from the Internet
The information can be collected from different sources - financial statements / annual reports of companies, newspapers, magazines as well as from the Internet
*Estimated Time - one period
*'''Estimated Time''' - one period
*Materials/ Resources needed - annual report/magazines/newspapers
*'''Materials/ Resources needed''' - annual report/magazines/newspapers
*Prerequisites/Instructions, if any - Introduction to accountancy (background/purpose) must be complete
*'''Prerequisites/Instructions, if any''' - Introduction to accountancy (background/purpose) must be complete
*Multimedia resources
*'''Multimedia resources'''
*Relevant local connections - people, places and materials
*'''Relevant local connections''' - people, places and materials
*Website interactives/ links
*'''Website interactives/ links'''
[https://www.google.co.in/#q=annual+report+of+indian+companies&revid=878717395 Internet search for company annual reports]
[https://www.google.co.in/#q=annual+report+of+indian+companies&revid=878717395 Internet search for company annual reports]
*Process
*'''Process'''
Ask students to look through these resources and make a list of popular account heads. Let them identify the account type (personal/real/nominal)for each account and give their reasons
Ask students to look through these resources and make a list of popular account heads. Let them identify the account type (personal/real/nominal)for each account and give their reasons
*What questions can you ask
*'''What questions can you ask'''
Which kind of accounts (personal/real/nominal) are more common in company balance sheets? Is there any pattern?
Which kind of accounts (personal/real/nominal) are more common in company balance sheets? Is there any pattern?
*Assessments - incorporating elements of CCE
*'''Assessments''' - incorporating elements of CCE
*Question Corner
'''*Question Corner'''
==Key Idea # Accountancy is also a public service==
==Key Idea # Accountancy is also a public service==
Discussions among a group of students/teachers on who all need accountancy and why?
Discussions among a group of students/teachers on who all need accountancy and why?
*Estimated Time -one period
*'''Estimated Time''' -one period
*Materials/ Resources needed
*'''Materials/ Resources needed'''
Paper,pen
Paper,pen
*Prerequisites/Instructions, if any
*'''Prerequisites/Instructions, if any'''
*Multimedia resources
*'''Multimedia resources'''
*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
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
Students can discuss the accounting concepts/conventions/assumptions to see how they can be violated / misused to commit fraud. Also what measures can be adopted to prevent or trace such activities.
Students can discuss the accounting concepts/conventions/assumptions to see how they can be violated / misused to commit fraud. Also what measures can be adopted to prevent or trace such activities.
*Estimated Time
*'''Estimated Time'''
1 period
1 period
*Materials/ Resources needed
*'''Materials/ Resources needed'''
*Prerequisites/Instructions, if any
*'''Prerequisites/Instructions, if any'''
*Multimedia resources
*'''Multimedia resources'''
*Relevant local connections - people, places and materials
*'''Relevant local connections''' - people, places and materials
*Website interactives/ links
*'''Website interactives/ links'''
[https://en.wikipedia.org/wiki/Accounting_scandals Wikipedia page on big accounting scandals across the world]
[https://en.wikipedia.org/wiki/Accounting_scandals Wikipedia page on big accounting scandals across the world]
*Process
*'''Process'''
Discussion on the accounting concepts and how they can be mis-interpreted to mis-represent information of the entity
Discussion on the accounting concepts and how they can be mis-interpreted to mis-represent information of the entity
*What questions can you ask
*'''What questions can you ask'''
*Assessments - incorporating elements of CCE
*'''Assessments''' - incorporating elements of CCE
*Question Corner
*'''Question Corner'''
What are the methods to detect accounting mistakes /errors / frauds?
What are the methods to detect accounting mistakes /errors / frauds?
Are there any patterns in the frauds committed by falsifying accounting records?
Are there any patterns in the frauds committed by falsifying accounting records?