1 / 6

Club Accounting Lesson Plan: Managing Club Finances Effectively

This comprehensive lesson plan covers stages on club finances, officers' roles, treasurer responsibilities, literacy building, income and expenditure, financial statements, accounts management, and balance sheet completion for students to learn accounting principles through practical exercises. Resources include Hot Potatoes, Crazy Talk, and revision aids for enhanced learning.

lenaward
Download Presentation

Club Accounting Lesson Plan: Managing Club Finances Effectively

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Club Accounts

  2. Lesson Stages Stage 1 Introduction to clubs Highlight officers Profile Treasurer Stage 2 Literacy building Stage 3 Students suggest common items of income & expenditure (receipts/payments) What accounts do clubs keep Ranking ladder/steps and stairs for accounts

  3. Lesson StagesStage 4(use excel) Accumulated Fund Statement Receipts and Payments account Bar Trading A/c Electricity bill Wages (payslip) Equipment maintenance / repairs Telephone ill Stationary Competition prizes New Computer (Fixed Asset) Bank Statement (interest) Receipts Subs Fees Bar/Restaurant Investment income Sponsorship Grand Sale of old lawnmower Give invoices of relevant receipts/invoices & bank statement Students to complete R&P and Bar Trading Accounts from the receipts/ invoices already given. Students will then type into a blank template using excel

  4. Lesson StagesStage 5 Items left over Opening/closing cash Purchase/sale of Fixed Assets Grants Ideally Video clip of current Treasurer (using something like Crazy Talk*) explaining how to deal with these items.

  5. Lesson StagesStage 6 Given a list of all items, must select from a drop-down box whether each item goes into: R&P Bar Trading account Balance Sheet Opus Free trial version to create this Hot Potatoes Can be downloaded free, there is an option to create a dropdown exercise

  6. Lesson StagesStage 7 Similar to Stage 6, but for fixed Assets, Investments, Current Assets, Creditors, Financed by. Lesson StagesStage 8 Complete a Balance Sheet using a given Template. Lesson StagesStage 9 Comparison of Club & Business (Venn Diagram / Cross Classification Table) Programs Resources Hot Potato LC Accounting Texts Crazy Talk Revision Aids

More Related