Page 68 - Accountancy for Advanced Secondary Schools Teachers Guide Form Five

3. Guiding finings and exploration: Guide students to identify
various classes of PPE typically found in an airline, such as aircraft,
spare parts, ground equipment, buildings, and IT systems and ask
them to explain the difference between initial and subsequent
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measurement models, focusing on cost and revaluation models.
Also, organize sessions where students can review each other’s
work and provide constructive feedback.

Activity 7.2
To help students effectively work through the activity in groups, the
teacher can employ a structured approach that fosters collaboration,
provides clear guidance, and ensures a comprehensive understanding
of the topic. Here is how the teacher can facilitate this process:

1. Understand the scenario: Emphasize the student to understand
well the scenario where Mkaka Enterprises Limited has equipment
valued at TZS 120,000,000, The equipment was classified as held
for sale on 2 April 2024, and the company’s financial year ends
nd
on 31 December 2024.
st
2. Research and reference: In doing the activity, guide the student
to read through internet or accounts books about Accounting
Standards: IFRS 5 – Non-current assets held for Sale and
discontinued operations and understand the criteria outlined in
IFRS 5 for an asset to be classified as held for sale.

(a) Immediate availability for sale.

(b) Sale should be highly probable within one year.

(c) Management commitment to sell the asset.
(d) Active marketing at a reasonable price.

(e) Minimal changes expected to the plan.

Teacher’s Guide Form Five
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