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→Key Idea #
*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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''[http://www.karnatakaeducation.org.in/?q=node/305 Click to Comment]''</div>
''[http://www.karnatakaeducation.org.in/?q=node/305 Click to Comment]''</div>
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*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
*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