GR. 8 EMS LESSON PLANS – TERM 2 (WEEK 1 10) …

1 VIVA EMS Gr. 8 LESSON PLANS Term 2 Page 1 GR. 8 EMS LESSON PLANS TERM 2 (WEEK 1-10) economic and management sciences grade 8 LESSON PLAN FOR VIVA EMS TERM 2: Week 1 (2 hours per week) Topic: THE ECONOMY AND FINANCIAL LITERACY Sub-topic: Unit Revision of term 1 work Duration: 2 hours (2 x 1 hour periods) Start date:..Completed date: .. Prior content knowledge: Own knowledge of the Accounting concepts taught in term 1. Link with next LESSON : Overview of the Accounting cycle. Content: THE ECONOMY: (30 min) (LB p. 54) The three levels of government The National Budget FINANCIAL LITERACY (30 min) (LB p. 55) Accounting concepts Accounting equation Accounting theory test (1 hour) (TG p. 37) Vocabulary/ Important Words: National, provincial and local government. Government income and government.

2 Expenses. Assets, non-current assets, current assets, liabilities, non-current liabilities, current liabilities, owner s equity, income, expenses. Aims and Objectives of the LESSON By the end of the LESSON learners will be able to: Define all the relevant concepts Name and explain the levels of government Classify different accounts correctly as non-current assets, current assets, non-current liabilities, current liabilities, income and expense accounts. Teaching Methods: Narrative method Discussion method Question and answer Demonstrations Group activities Differentiation (Enrichment opportunities / addressing barriers): Use visual materials for learners with a limited English vocabulary, show them pictures of the different accounts, like pictures of equipment. Make instructions simple to address the language barrier Extra enrichment activity: Class test on p. 37. Learners should re-write this test during breaks, until they all scored above 70%.

3 VIVA EMS Gr. 8 LESSON PLANS Term 2 Page 2 ASSESSMENT STRATEGY Formal Informal Form of Assessment: Assessment Tool: Define all the important vocabulary words Class or homework Glossary (LB p. 177) Activity (LB p. 56) Memo (TG p. 34) Activity (LB p. 57) Memo (TG p. 39-41) Informal assessment: Learners should re-write this test during breaks, until they all scored above 80%. Enrichment activity: Accounting theory test (TG p. 37) Memo (TG p. 38) EVIDENCE OF ASSESSMENT Teacher: Informal activities are controlled, corrected and dated. Teacher s comments in the learners exercise books. Learners: Written work in the learners exercise books that is corrected by the learner and controlled by the teacher. Evidence of marked Accounting theory test in learners workbooks or portfolios, with remedial work done in pencil.

4 LESSON , Class work and Homework: Activity , and Accounting theory test. TEACHER S ACTIVITIES Period 1: THE ECONOMY The three levels of government (15 min) (LB. p. 54) Ask learners to name the 3 levels of government. Ask them to describe the functions of each level of government. THE ECONOMY: The National Budget (15 min) (LB p. 54) Ask learners to define national budget . Task learners to list government income and government expenses. LEARNERS ACTIVITIES Period 1: THE ECONOMY The three levels of government (15 min) (LB. p. 54) Learners name the 3 levels of government and describe the functions of each level of government. THE ECONOMY: The National Budget (15 min) (LB p. 54) Learners define national budget . They list government income and government expenses. VIVA EMS Gr. 8 LESSON PLANS Term 2 Page 3 FINANCIAL LITERACY Accounting concepts (15 min) (LB p. 55) Ask learners to define assets, non-current assets, current assets, liabilities, non-current liabilities, current liabilities, owner s equity, income, expenses.

5 Ask them to list the non-current assets and current assets. Revise the diagram on p. 55 Accounting equation (15 min) (LB p. 55) Revise the Accounting equation by giving learners the name of an account and they should classify the account as a current asset and explain on which side of the account it will increase and decrease. Task learners to do Activity (LB p. 56). Make enough copies of the Accounting test (TG p. 37). Period 2: Accounting theory test (1 hour) (TG p. 37) Provide the correct answers for Activity and check that learners correct their mistakes. Issue the Accounting tests and give learners 30 minutes to complete the test. Task learners to do Activity (LB p. 57) at home. Mark the test at home, or allow learners to mark each other s tests in the classroom. (30 min) Learners who scored less that 70%, will have to re-write the same test during breaks, until they all could score above 70%. FINANCIAL LITERACY Accounting concepts (15 min) (LB p.)

6 55) Learners define assets, non-current assets, current assets, liabilities, non-current liabilities, current liabilities, owner s equity, income, expenses. They list the non-current assets and current assets and revise the diagram on p. 55. Accounting equation (15 min) (LB p. 55) Learners revise the Accounting equation by classifying a number of accounts and explain on which side of the account it will increase and decrease. They do Activity (LB p. 56) at home. Period 2: Accounting theory test (1 hour) (TG p. 37) Learners mark Activity and correct their mistakes. They write the Accounting test and should complete it within 30 minutes. Learners can mark each other s tests in the classroom, or the teacher can mark it at home. (30 min) Learners who scored less that 70%, will have to re-write the same test during breaks, until they all could score above 70%. They do Activity (LB p. 57) at home. VIVA EMS Gr. 8 LESSON PLANS Term 2 Page 4 Resources: VIVA EMS Gr.

7 8 Textbook (LB p. 54+57) and Teacher s Guide (TG p. 34-41). Chalkboard and chalk Vivlia poster of the Accounting house (buy extra posters from Vivlia Publishers). Poster paper or a double page in the learner s workbooks for a poster of the Accounting house . Copies of the Accounting theory class test (TG p. 37) Teacher s comments / reflection: .. HOD input: monitoring and support .. VIVA EMS Gr. 8 LESSON PLANS Term 2 Page 5 economic and management sciences grade 8 LESSON PLAN FOR VIVA EMS TERM 2: Week 2 - 3 (2 hours per week) Topic: FINANCIAL LITERACY Sub-topic: Unit Overview of the Accounting cycle Duration: 2 hours only (2 x 1 hour periods) (Use other 2 hours for Unit CRJ) Start date:..Completed date: .. Prior content knowledge: Own knowledge of source documents as the starting point of any recording process.

8 Link with next LESSON : Unit : Recording of transactions in the Cash Receipts Journal Content: Reasons for recording process: (15 min) (LB p. 58) Daily recording process: (15 min) (LB p. 58) Monthly recording process: (15 min) (LB p. 58) At the end of the financial year: (15 min) (LB p. 58) Diagram of The Accounting cycle (1 hour) (LB p. 59) Vocabulary/ Important Words: Source document, subsidiary journal, bank deposit slips, cheque counterfoils, Cash Payments Journal. General ledger accounts, trial balance. Income statement, Balance sheet. Transaction, source document, subsidiary journals, ledger, trial balance, Income statement, Balance sheet, Accounting equation. Aims and Objectives of the LESSON By the end of the LESSON learners will be able to: List the reasons why the entrepreneur should record all business transactions in a systematic way. Define all the relevant concepts Explain the daily recording process. Explain the monthly recording process.

9 Explain the financial statements at the end of the financial year. Teaching Methods: Narrative method Discussion method Question and answer Demonstrations Group activities Differentiation (Enrichment opportunities / addressing barriers): Use visual materials for learners with a limited English vocabulary, show them pictures of the different accounts, like pictures of equipment. Make instructions simple to address the language barrier. VIVA EMS Gr. 8 LESSON PLANS Term 2 Page 6 Extra enrichment activity: Learners should draw the diagram on page 59 in their workbooks. ASSESSMENT STRATEGY Formal Informal Form of Assessment: Assessment Tool: Define all the important vocabulary words Class or homework Glossary (LB p. 177) Activity (LB p. 60) Memo (TG p. 42) Informal assessment: Learners should copy the diagram of the Accounting cycle into their workbooks, on a full A4 page.

10 Enrichment activity: Presentation: Memo (LB p. 59) EVIDENCE OF ASSESSMENT Teacher: Informal activities are controlled, corrected and dated. Teacher s comments in the learners exercise books. Learners: Written work in the learners exercise books that is corrected by the learner and controlled by the teacher. Evidence of the Accounting cycle diagram copied from LB p. 59. LESSON , Class work and Homework: Activity and Diagram of Accounting cycle. TEACHER S ACTIVITIES Period 1: Reasons for recording process: (15 min) (LB p. 58) Ask learners why an entrepreneur should record all transactions? Work through the reasons at the top of (LB p. 58). Task learners to make a summary of these reasons in their workbooks at home. Dialy recording process: (15 min) (LB p. 58) Discuss the daily recording process by using a practical example. Illustrate any transaction between 2 learners to make it clear. LEARNERS ACTIVITIES Period 1: Reasons for recording process: (15 min) (LB p.)