Post on 16-Jan-2016
The City School Senior Boys North Nazimabad
SENIOR I & II
(AUGUST TO DECEMBER 2011)
The City School Senior Boys North Nazimabad
TABLE OF CONTENTS
INTRODUCTION
LONG TERM GOALS
SHORT TERM GOALS
TIME LINE FOR THE TERM
TIME LINE OF THE TOPIC
BLOOMS TAXANOMY
INSTRUCTIONAL STRATEGIES
21ST CENTURY SKILLS
VIDEO
CHALLENGES AND SOLUTION
RESOURCES
ACKNOWLEDGEMENT
CONCLUSION
QUTATION
THANK YOU
The City School Senior Boys North Nazimabad
FINAL ACCOUNTS OF SOLE TRADER
The City School Senior Boys North Nazimabad
To achieve and promote the highest professional, ethical and educational standards in accountancy by using 21st century
approaches.
The City School Senior Boys North Nazimabad
BY APPLYING 21ST CENTURY SKILLS
Students will be able to select analyze and order information in written, numerical and diagrammatic form.
Present appropriate information in an accepted accounting form.
Apply knowledge and information to various accounting situations and problems.
Demonstrate understanding of knowledge through numeracy, literacy, presentation and comprehension.
The City School Senior Boys North Nazimabad
JOURNAL ENTRIES
TRIAL BALANCE
FINAL ACCOUNTS
BOOKS OF PRIME ENTRY
ACCOUNTING FOR BAD DEBTS
TIME LINE FOR FIRST TERM
3 WEEKS
3 WEEKS
2 WEEKS
4 WEEKS
2 WEEKS
REMEMBERING
UNDERSTANDING
APPLYING AND ANALYSING
EVALUATING AND CREATING
The City School Senior Boys North Nazimabad
LEDGER ACCOUNTS
TRIAL BALANCE
INCOME STATEMENT AND BALANCE SHEET
2 WEEKS
1 WEEK
2 WEEKS
FINAL ACCOUNTS OF SOLE TRADER
REMEMBERING AND UNDERSTANDING
APPLYING AND ANALYSING
EVALUATING AND CREATING
The City School Senior Boys North Nazimabad
BLOOMS TAXANOMY OF LEARNING
The City School Senior Boys North Nazimabad
The City School Senior Boys North Nazimabad
INSTRUCTIONAL STRATEGIES
SKILLS DEVELOPED ACTIVITY
REMEMBERING Multiple Choice Questions (MCQ’S) From Previous Topic.
UNDERSTANDINGExplaining Importance Of Trial Balance in the preparation of Final Accounts.
APPLYINGFinal Accounts of a company will be shown to highlight its importance for various stake holders.
ANALYSINGQuestion will be given in the form of hand out to analyze their understanding of the topic.
The City School Senior Boys North Nazimabad
EVALUATINGPast papers questions will be given to students to evaluate their skills.
CREATINGStudents will be given problems and they will prepare final accounts by themselves.
INSTRUCTIONAL STRATEGIES
NOTE: STUDENTS WILL BE MARKED ON THEIR CLASS WORKS
The City School Senior Boys North Nazimabad
A) Goods for re-sale are bought for cash.
What are the entries in the books of the purchaser?
account debited
account credited
A
B
C
D
cash
cash
purchases
supplier
purchases
supplier
cash
cash
B) A firm has received the following business documents from X, a supplier.
$
October 5 invoice 650
October 10 invoice 120
October 12 credit note
150
October 22 invoice 230
November 4 invoice 790
C) A business purchases goods on credit for $800, less 25 % trade discount, with a cash discount of 5 % if payment is received in full within 28 days.
How much will the business pay if it settles within 28 days?
A $560 B $570 C $600 D $760
The City School Senior Boys North Nazimabad
The City School Senior Boys North Nazimabad
3. Following information is being provided by Mr.Stone for the year ended 31st december 2003 . TRIAL BALANCE
PARTICULARS DEBIT CREDIT MACHINERY 500,000 LAND 200,000 BUILDING 50,000 EQUIPMENT 80,000 DEBTORS 26,000 STOCK (OPENING) 82,000 CASH 40,000 BANK 500,000 PREPAID RENT 75,000 SUPPLIES 9,000 PURCHASES 69,000 WAGES EXPENSE 8,000 CARRIAGE INWARDS 4,000 CARRIAGE OUTWARDS 60,000 DISCOUNT ALLOWED 7,000 SALARY EXPENSE 40,000 ELECTRICITY EXPENSE 55,000 OFFICE EXPENSE 78,000 ADMINISTRATION EXPENSE 96,000 ADVERTISEMENT EXPENSE 23,000 CAPITAL 600,000 SALES 1,100,000 CREDITORS 300,000 DISCOUNT RECEIVED 2,000
TOTAL 2,002,000 2,002,000
Closing Stock 50,000/- REQUIRED PREPARE INCOME STATEMENT FOR THE YEAR ENDED 31st DECEMBER 2003.
The City School Senior Boys North Nazimabad
TERM EXAM AVG TERM EXAM AVG TERM EXAM AVGMARKS 100 100 100 100 100 100 100 100 100 500 100NAME
A 55 60 58 36 60 48 30 24 27 215 43 EB 65 70 68 32 67 50 66 48 57 272 54 DC 95 95 95 95 95 95 95 95 95 453 91 A*D 51 57 54 28 43 36 39 41 40 202 40 EE 71 76 74 52 41 47 60 65 63 255 51 DF 71 75 73 96 81 89 66 74 70 357 71 BG 82 83 83 76 67 72 78 65 72 327 65 CH 71 75 73 60 59 60 45 57 51 269 54 DI 50 55 53 44 48 46 48 52 50 233 47 EJ 78 80 79 - - - 75 62 69 257 64 CK 60 62 61 44 39 42 49 48 49 218 44 EL 97 99 98 98 95 97 99 98 99 458 92 A*M 52 56 54 52 46 49 39 41 40 200 40 EN 69 72 71 28 48 38 46 43 45 234 47 E
GRADE
CONSOLIDATED RESULT SHEET
ENGLISH ACCOUNTS ECONOMICS TOTAL %
The City School Senior Boys North Nazimabad
The City School Senior Boys North Nazimabad
APPLICATION OF 21ST CENTURY SKILLS
The City School Senior Boys North Nazimabad
APPLICATION OF 21ST CENTURY SKILLS
APPROACHESSKILLS DEVELOPED
CREATIVITY Giving them different problems in the form of case studies
INTELLECTUAL CURIOSITY
CRITICAL THINKING
Presenting them real life scenarios and company profiles
By comparing different Company or Sole Traders FINAL ACCOUNTS
ANALYSINGQuestion will be given in the form of hand out to analyze their understanding of the topic.
SELF DIRECTION By providing them handouts and Questionnaire to solve problems
The City School Senior Boys North Nazimabad
5 Mr. Ian Chapel is the owner of Intel Computers and he is a sole trader. The following balances were extracted from his books on 31 December 2009. Purchases 270,000 Motor vehicles 50,000 Wages and salaries 30,000 Drawings 20,000 Debtors 20,000 Rent and rates paid 11,000 Cash 225,000 Return Inwards 10,000 Sundry expenses 11,000 Fixtures and equipment at cost 210,000 Stock (Opening) 6,500 Carriage inwards 4,000 Carriage outwards 3,500 Insurance 28,000 Discounts allowed 2,000 Sales 550,000 Return outwards 7,000 Creditors 39,500
Capital (At 1st January 2009) 250,000 Rental Income 18,000 Provision for depreciation [Motor vehicle] 3,000 Bank overdraft 4,500
Provision for depreciation [Fixture and equipment] 25,000
Discounts received 3,600 Provision for doubtful debts 400
901,000 901,000
Additional information
1 Stock at 31 December 2009 was valued at $41 000
2 At 31 December 2009 rates prepaid were $1500.
3 Wages and salaries of $ 2000 were accrued at 31 December 2009
4 A provision for doubtful debts of 5% of debtors at 31 December 2009 is to be created.
5 Fixtures and equipment are to be depreciated by 10% using reducing balance method
and motor vehicles by 20% on straight line basis.
6 Rent receivable not yet recorded $5000.
7 Insurance prepaid at the end of year $4000.
REQUIRED (a)Prepare the Trading and Profit and Loss Accounts of Mr. Ian Chapel for the year ended 31 December 2009. (b)Prepare the Balance Sheet of Mr. Ian Chapel as at 31 December 2009.
The City School Senior Boys North Nazimabad
The City School Senior Boys North Nazimabad
TO DEVELOP PRACTICAL APPROACH
BY TAKING STUDENTS TO A COMPANY’S ACCOUNTS DEPARTMENT
TO MAKE THEM PROFESSIONALLY COMPETENT
INTERNSHIP PROGRAMS FOR STUDENTS IN AN ACCOUNTS DEPARTMENT OF A FIRM.
INTEGRATION OF REAL LIFE ACCOUNTING TECHNIQUES
BY ARRANGING TRIPS TO SEMINARS OF PROFESSIONAL BODIES OF ACCOUNTANTS
The City School Senior Boys North Nazimabad
SOFTWARES
MICROSOFT OFFICE
BOOKS
FRANK WOOD
PAST PAPERS
WEBSITES
www.cie.org.uk
www.youtube.com
The City School Senior Boys North Nazimabad
I AM VERY THANKFUL TO MASTER TRAINERS
MS AMBREEN KHALID, MR SYED ZARYAB HUSSAIN AND LAB ASSTT. MR KAMRAN KHAN FOR PROVIDING
GUIDANCE AND FACILITATION.
INTEL MANAGEMENT
AND SPECIAL THANKS TO SIR SHAHID IQBAL (HEAD MASTER) FOR HIS ENCOURAGEMENT AND
SUPPORT.
The City School Senior Boys North Nazimabad
CONCLUSION
I have come to the conclusion that after attending the Intel® Teach workshop I have somewhat “a grasp” on the modern teaching methodology. The overall perception of the integration of the 21st century teaching strategy has opened up a new horizon. Now, I feel more confident and computer literate and hope to incorporate these skills in my academics and teaching strategies.
Zafar Iqbal Principle of Accounts TeacherThe City School Senior Boys N.N.
The City School Senior Boys North Nazimabad
The City School Senior Boys North Nazimabad
THANK YOU