STIC - Accounting:
Workplace (Module 1)
The
Accounting  Cycle and Accounting Reports (Topic 3)
Content
For the three topics in Module 1, facilitators should know the following:
- how to read and interpret instructions in accounting
cases, problems, and exercises
- how to analyze accounting information and provide solutions
- how to prepare accounting records and reports
- how to write accounting descriptions for journal entries
and records
In addition, familiarity with standard business letters (i.e., format,
punctuation, style, etc.) is required.
Delivery
Make as many copies as necessary of the following handouts  :
- Handout 1 Matching Activity
- Handout 2 Diagram of Accounting Cycle
- Handout 3 Questions (two pages)
- Handout 4 Matching Activity 1
- Handout 5 Matching Activity 2
- Handout 6 Case Study 1: Great Soil Ltd. (two pages)
- Handout 7 Task Expressions
- Handout 8 Post-Task Vocabulary
- Handout 9 General Journal (three copies for each participant)
- Handout 10 T-accounts
- Terminology List (optional)
Materials needed: access to an overhead projector and
OHT 1 - 7 . Methodology
Introduction
1. (10 minutes)
Show OHT 1 and discuss the questions with the class. For Exercise 1,
ask the class to write down the steps in order in preparation for the
next activity.
2. (5 minutes)
Explain that the task for today's lesson
is to solve an accounting case for a full accounting cycle and provide
the owner of the business with accounting and business advice. Pre-Tasks
1. (10 minutes)
Ask the participants to match the steps
from OHT 1 with descriptions in the matching activity on Handout 1.
Review orally (volunteers read the answers) and on
OHP. Elicit vocabulary explanation from the class.
2. (15 minutes)
Distribute Handout 2 and have the participants
work in pairs to complete the diagram. Review with OHT 2.
Then distribute Handout 3. In order to help participants
understand all the vocabulary in Problem 1, Handout 3, instruct groups
to negotiate answers to the assigned questions (five questions per group).
Review by having volunteers from each group read the questions and the
answers to class. Some answers (e.g., to questions 8, 22, and 23) could
be written by volunteers on the board.
3. (40-45 minutes)
Divide the class into two groups
(A and B). Distribute Handouts 4 and 5 to each participant, but ask participants
in group A to work on Handout 4, and those in group B to work on Handout
5. Instruct class to match the terms with their explanations. Let participants
work in pairs within both groups and once they finish their work, have
them compare their answers with those of other pairs.
Review orally by having each participant from each group read to the
class at least two matchings (including the reading of the explanations).
As group A participants read, group B participants fill in matchings
on Handout 4, and as participants from group B present, group A participants
fill in Handout 5. Review also with OHP.
Discuss with class any words in explanations/definitions that might
not be understood. Task
1. (15 minutes)
Distribute Handout 7 for expressions
and phrases that can be used for group discussions and task completion.
Instruct participants to read Handout 6 and then
have assigned participants read it to the class. Elicit explanations
of vocabulary from the class.
2. (45 minutes)
Divide the class into groups of
three to four participants and ask them to prepare Case 1, parts B-1,
B-2, B-3 (i.e., journal entries, T accounts, and statements).
Distribute three sheets of General Journal (Handout 9) to each group
or to each participant and ask participants to use these sheets for
journal entries (Part B-1). Optional: three transactions per group
could be assigned to journalize. Review orally (have volunteers write
journal entries on the board, and verify against OHT 3 and OHT 4).
Ask groups to fill in T-accounts using T-account sheet (Handout 10).
Review orally and on the board and then verify against OHT 5.
Instruct groups to prepare Balance Sheet and income statement for
Part B-3. Have volunteers write the statements on the board and verify
against OHT 6 and OHT 7.
3. (45 minutes)
Regroup the class into two big groups
(A and B). Instruct group A to negotiate recommendations for Part A,
and group B for Part B. Once the task is completed, regroup participants
so that each new group has some participants from group A and some
from group B. Instruct participants to orally exchange their recommendations
worked on in groups A and B. Have volunteers from each group present their recommendations orally
to class. Invite participants to comment on the recommendations. Post-Task
(30 minutes)
Facilitate a class discussion: What
are the most common terms in accounting in Canada that you have heard?
Refer to same examples on Handout 8. Elicit explanations of meaning.
Review against Facilitator's Answer Sheet.  Downloads
All downloads are in Adobe Acrobat
PDF.
Download a print version of the above lesson plan and related
materials.
Workplace:
Topic 3 [300 KB, 35 pages]
Download the complete Facilitator's Guide and Participant's Workbook.
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