SUBJECT : ACCOUNTANCY LESSON PLAN

TOPIC : Theory Base of Accounting

Pre-Content/content Learning Outcome/Objectives

Post-Content
. General Specific
Pre-Content
‘The accounting concepts Students will be able to Students will be able to
and accounting standards
are generally referred to as  identify the need for  Understand the meaning of
the essence of financial theory base of accounting theory.
accounting’.  accounting;

Content  explain the nature of  Understand the meaning of

In order to maintain
uniformity and consistency
in accounting records,
certain rules or principles
have been developed which
are generally accepted by
the accounting profession.
Post-content
Appreciate that various
accounting standards
developed nationally and
globally are in practice for
bringing parity in the
accounting treatment of
different items.
Generally Accepted accounting assumptions and
Accounting Principles principles.
(GAAP);
 describe the meaning  Know the various types of
and purpose of the accounting assumptions and
basic accounting principles.
concepts;
 enumerate the  Know the basis of
accounting standards accounting.
issued by Institute of
Chartered Accountants
of India;
 Know the system of
 describe the systems accounting.
of accounting; and
 Know the process of
 describe various basis accounting.
of accounting.
 Know the various accounting
standards and their need.

Home Work /Assignments:

NCERT Book –theoretical aspects will be discussed.
Assignment sheet is also given
Questions taken in the class were also discussed and asked to solve.
AND PROGRESS Month : ……………
Class : XI

Teacher's Activity Student's Activity Teacher's Observation And

Remedial
Teacher will state the meaning
of fundamental accounting Students will understand the Teacher will write her
assumptions and their Fundamental Accounting observations after completion of
relevance in accounting. Assumptions: Going concern, the topic.
consistency and accrual.
Teacher will describe the
meaning of accounting Students will understand the
meaning and application of
principles and the situation in
Accounting concepts and
which a principle is applied
Principles: Accounting entity,
during the accounting process.
money measurement,
accounting period, full
disclosure, materiality,
Teacher will explain the prudence, cost concept,
meaning and objectives of
matching concept and dual
accounting standards.
aspect.
The fact that recording of The students will know the
accounting transactions Accounting Standards and IFRS
follows double entry system (International Financial
will be acknowledged. Reporting Standards): Concept
and objectives.

The teacher will discuss the The students will appreciate

bases of recording accounting Double entry system of
transaction and to appreciate accounting.
that accrual basis is a better The students will know the
basis for depicting the correct Bases of Accounting: Cash
financial position of an basis and accrual basis.
enterprise.
They will appreciate the accrual
basis as the acceptable basis by
Income Tax authorities.
Teaching Aids : Active inspire, NCERT Book
Methodology/Innovative Methods : Discussion, Recall, Explanation, Question-Answer method, problem
solving
Interdisciplinary Links : Business Studies, Entrepreneurship, Economics and Mathematics

Coordinator Vice-Principal Principal