ECONOMIC AND MANAGEMENT TERM 2 LESSON PLAN FOR INTERMEDIATE AND SENIOR PHASE

ECONOMIC AND MANAGEMENT TERM 2 LESSON PLAN FOR INTERMEDIATE AND SENIOR PHASE

1. EMS: PLANNING & PREPARATION
GRADE 7 * 8 9 TERM 1 2 * 3 4 DISCIPLINE
Financial
Literacy
*
Entrepre-
neurship

The
Economy

TEACHERS
TERM 2 WEEK 8
Topic / Content / Concepts / Skills
(WHAT I am going to teach/guide/support…)
Teaching Methodologies & Classroom
Management Skills
(HOW I am going to teach/guide/support…)
Resources / LTSM
(WHAT I am going to use to teach/guide/support…)
Accounting concepts



Use examples in practice to bring the
theory and practice together.
Textbooks and ePortal & TAPs

PARENTS

Accounting concepts Explain all the accounting concepts Refer to the ePortal and the TAPs


LEARNERS’
ACTIVITIES


Statement of net worth

Informal Assessment Do the statement of net worth

2. STATEMENT OF NET WORTH

Required:
Jessica wants to know how much she is worth. Help her by preparing a
Statement of Net Worth on 30 April 2020. (20 marks)

Information:
She has the following assets and liabilities:
Vehicle, R146 000; House, R460 000; Caravan, R50 800; Clothes; R14 100; Furniture
and electrical appliances, R80 600; Bank overdraft; R10 000; Money in her wallet,
R380; Savings account, R8 000; Mortgage Bond, R110 380; Mobile phone, R800; Her
son owes her R500; Clothes account, R1 800

Solution

Statement of net worth of Abraham√ on 30 April 2020√
R
Assets√ 761 180√
Vehicle 146 000√
House 460 000√
Caravan 50 800√
Clothes 14 100√
Furniture and electrical appliances 80 600√
Money in his wallet 380√
Savings account 8 000√
Mobile phone 800√
Money her son owes her 500√
Liabilities√ 122 180√
Bank overdraft 10 000√
Mortgage bond 110 380√
Clothes account 1 800√
Net worth√ 639 000√

[TOTAL: 20]