Page 74 - Accountancy for Advanced Secondary Schools Teachers Guide Form Five

Specific teaching techniques:
Guest speaker: Invite a resourceful person from the accounting
department of a nearby organisation to orient students on how to
practice hire purchase accounting.
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Problem solving: Provide questions to the students that will enable
them to understand hire purchase accounting then guide them to discuss
the key issues related to hire purchase accounting in groups and make
presentations.

Teaching Guide
Teaching hire purchase accounting involves addressing several key
issues to ensure the students understand the principles, methods, and
regulations associated with hire purchase transactions.

Things to consider when students are attempting activity 8.1 and
8.2

Activity 8.1

To effectively guide students through this activity, consider the
following aspects to ensure they understand the task and have the
necessary resources and support to complete it successfully.

1. Research using internet and library resources: Emphasise
student to utilise both online and library resources to gather
comprehensive information on hire purchase agreements and
focus on reputable sources such as financial textbooks, academic
journals, credible websites, and articles related to finance and asset
acquisition.

2. Identify and explain key characteristics of a hire purchase
agreement: guide the student to find and list the defining features of
hire purchase agreements, such as instalment payments, ownership
transfer conditions, interest charges, and rights/responsibilities
of the buyer and seller, explain the differences between hire

Teacher’s Guide Form Five
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