Page 69 - Accountancy for Advanced Secondary Schools Teachers Guide Form Five

3. Criteria application: Emphasise the student to evaluate if the
equipment meets all the criteria for classification as held for sale as
of 2 April 2024.
nd
4. Financial statement recognition: Lead the student to determine
FOR ONLINE READING ONLY
how the equipment should be recognised in the financial statements
as of 31 December 2024. Explain the initial measurement of the
st
equipment at the time it was classified as held for sale, lower of it
carrying amount and fair value less costs to sell.

5. Depreciation analysis: Guide the students to analyse whether the
equipment will continue to be depreciated after being classified as
held for sale and to refer to IFRS 5’s guidelines on the cessation of
depreciation for assets held for sale.

6. Group presentations: Allow students to present their work and
defend their answers, their presentations should include visual aids
such as slides, charts, and graphs to illustrate findings and allocate
time for questions and feedback from peers and the presenter.

7. Class discussion and feedback: Foster a collaborative learning
environment through discussion and constructive feedback.
Facilitate a class discussion on the various resulted challenges, and
provide constructive feedback on the presentations, highlighting
strengths and areas for improvement, and discuss real-world
applications.

Reflective assignment: Encourage students to reflect on their learning
experience and the practical implications of non-current assets by
assigning a reflective essay where students summarise their findings and
personal insights gained from the activity and ask students to consider
how they might apply this knowledge in their future financial planning.

Teacher’s Guide Form Five
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23/06/2024 17:45
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ACCOUNTANCY_TG_2024_FINAL DUMMY.indd 55 23/06/2024 17:45