Use the checklist below to assess learners. Give learners feedback on their performance to prepare them for formal assessment.


Criteria


The learners knew how to: y identify the type of business they want to start y source the capital contribution to start the business y decide what assets to purchase to start the business y estimate income they are going to earn in the first month y estimate expenses they need to pay out in the first month


Activity 2 Identify assets in a business Guidelines to implement this activity


Learner’s Book page 50


• This is a class activity. • Explain the concepts ‘assets’, ‘fixed assets’, ‘non-current assets’ and ‘current assets’. • The purpose of the activity is for you to see if learners have a clear understanding of assets.


Background knowledge Show the learners pictures of assets to help them understand the concept.


Suggested answers Answers will differ. Learners must write their own answers in their exercise books. Some examples:


• fixed assets: ü factory and administration building = land and buildings ü • non-current assets: ü long-term investments ü • current assets: ü trading stock, money in the bank, debtors. ü


Assessment guidelines


• You can assess learners out of a mark of 6. See above for guidelines regarding mark allocations.


• You can also use the checklist below to assess learners. Give learners feedback on their performance to prepare them for formal assessment.


Criteria


The learners knew how to: y identify what an asset is y differentiate between a fixed asset and current asset by giving examples


Activity 3 Classify assets


Guidelines to implement this activity • This is an individual activity.


Unit 1: Accounting concepts 9780199052050_OS_Economics_7_TG_CAPS2017.indb 45 45 11/29/17 9:02 AM Learner’s Book page 51 Yes Partly No (6) Yes Partly No


TERM 2


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