Page 75 - Accountancy for Advanced Secondary Schools Teachers Guide Form Five

purchase and conventional purchase methods. Highlight aspects
like immediate ownership, financial outlay, and long-term
financial implications and provide examples where hire purchase
agreements are advantageous, specifically in contexts like nature
FOR ONLINE READING ONLY
reserves or conservation projects. Discuss how spreading the cost
of acquiring expensive equipment over time can be beneficial for
budget management and project planning in these scenarios.

3. Summarize your understanding of hire purchase: Lead the
students to write a concise and comprehensive summary reflecting
on what they have learned about hire purchase agreements that
cover the key characteristics, benefits, contrasts with conventional
purchases, and real-world application and ask them to include
personal reflections on how the knowledge gained can be applied
in practical scenarios, especially in the context of financing assets
for specific projects.

4. 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.

5. Class discussion and feedback: Foster a collaborative learning
environment through discussion and constructive feedback;
facilitate a class discussion on the various resulted challenges,
provide constructive feedback on the presentations, and highlight
strengths as well as areas for improvement, and discuss real-world
applications.

Reflective assignment: Encourage students to reflect on their learning
experience and the practical implications of hire purchase 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
61

23/06/2024 17:45
ACCOUNTANCY_TG_2024_FINAL DUMMY.indd 61 23/06/2024 17:45
ACCOUNTANCY_TG_2024_FINAL DUMMY.indd 61