Page 19 - Accountancy for Advanced Secondary Schools Teachers Guide Form Five

9. Follow-up and evaluation: Conduct follow-up sessions after the
study tour to review learning outcomes, gather feedback from
students, and assess the effectiveness of the experience. Use this
feedback to refine future study tours and enhance the educational
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value for students.

Chapter teaching Guide
Here are suggested key issues to consider when you teach themes of
this chapter:

1. Fundamental accounting concepts and principles

(a) Accrual basis accounting: Explain the accrual basis of
accounting, where transactions are recorded when they occur,
regardless of cash flow.

(b) Matching principle: Teach the importance of matching
revenues with the expenses incurred to generate those
revenues.

(c) Consistency principle: Highlight the need for consistency
in accounting methods and practices over time to ensure
comparability.

2. Accounting theories

Try to compare accounting principles and theories by using the
following suggested theories:

(a) Agency theory: Explain the relationship between principals
(owners) and agents (managers), focusing on the conflicts of
interest that can arise and how accounting information helps
mitigate these issues.

Teacher’s Guide Form Five
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