One effective assessment technique that can be used to assess learners' understanding of the Fixed/Tangible assets topic is through a project-based assessment.
Here are the steps to implement this technique:
1. Assign each student or group of students a company to analyze and create a balance sheet for. Encourage them to research real companies or use a hypothetical company if preferred.
2. Provide a list of fixed/tangible assets that should be included on the balance sheet, such as property, plant, and equipment, vehicles, machinery, etc.
3. Ask students to identify and categorize the fixed/tangible assets of their chosen company and calculate their total value.
4. In addition, students should analyze the impact of fixed/tangible assets on the company's financial health, profitability, and overall performance.
5. Require students to present their findings in a written report or presentation, highlighting key points and insights gained from the project.
This project-based assessment will not only test students' knowledge and understanding of fixed/tangible assets but also their ability to apply accounting concepts to real-world scenarios. It will also provide an opportunity for students to improve their analytical and critical thinking skills.
As a Grade 11 Accounting teacher, Provide an assessment technique on how will you assess the learners in order to see if the learners understand Fixed/tangible assets topic
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