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Republic of the Philippines

Department of Education
Region III – Central Luzon
Schools Division of Tarlac Province
ANAO HIGH SCHOOL
San Francisco East, Anao, Tarlac
LESSON GUIDE IN FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT
June 4, 2019
I. OBJECTIVES
A. Content Standards The learners demonstrate an understanding of account titles under the assets,
liabilities, and capital accounts of the Statement of Financial Position,
namely, cash, receivables, inventories, prepaid expenses, property, plant and
equipment, payables, accrued expenses, unearned income, long-term
liabilities and capital that will equip him / her in the preparation of the SFP
using the report form and account form.
B. Performance Standards The learners shall be able to solve exercises and problems that require
preparation of an SFP for a single/sole proprietorship with proper
classification of accounts as current and noncurrent using the report form and
the account form.
C. Learning Competencies/ At the end of the session, students should be able to:
Objectives 1. Identify the elements of the SFP and describe each of them.
(ABM_FABM12-Ia-b-1)
1.1 Define what is Statement of Financial Position
1.2 Identify specific Accounting Terms such as Assets, Liabilities and
Owner’s Equity
1.3. Calculate owner’s equity and net worth, and identify items that fall
into each category.

II. CONTENT STATEMENT OF FINANCIAL POSITION


III. LEARNING RESOURCES
A. References
1. Teacher’s Guide pages https://drive.google.com/file/d/0B869YF0KEHr7TWtTSGRYMlBVUGM/view
2. Learner’s Manual pages
3. Textbook pages
4. Additional Materials from http://kfknowledgebank.kaplan.co.uk/KFKB/Wiki%20Pages/Preparing%20Bas
Learning Resource(LR) ic%20Financial%20Statements.aspx
portal
B. Other Learning Resources Laptop, Projector, Chalkboard, Chalk and Worksheets
IV. PROCEDURES
A. Reviewing previous lesson Call out students who will Explain about what they have learned form last
or presenting new lesson year about Financial Statement
(REVIEW)
B. Establishing a purpose of  Direct instruct the students with the help of PowerPoint.
the lesson  Show the logo of Apple Inc. and McDonald’s and ask the students
(MOTIVATION) what the logos represent and what they know about it
 Tell the students what I know about Apple and McDonald’s,
specifically Balance Sheet information
Students answer what they know about Apple Inc. and McDonalds Corp.

C. Presenting  Direct instruct the students with the help of PowerPoint. Start by
examples/instances of the recapping the last class in which they learned about assets, liabilities,
new lesson (PRE- owner’s equity.
ACTIVITY)  Provide the students with 1 small question on PowerPoint which
“I DO” summarizes assets, liabilities and owner’s equity. Have them do it in
pairs
D. Discussing new concepts Diveide the class into 3 groups
and practicing new skills 1  Direct instruct the students with the help of PowerPoint on Financial
(ACTIVITY PROPER) Position, Balance Sheet, and Basic Recordkeeping Practices
“WE DO”
 Prepare the Balance Sheet for Section 2.2, Question 1 with the class
by doing it on Excel Spreadsheet on the overhead projector so the
students can see what good looks like
 Have students move to computers and go to www.yahoo.ca/finance
and look up financial statements of specific companies such as Apple,
Coca Cola, Walmart etc.
E. Discussing new concepts Have the answers ready on a spreadsheet with the cells blacked out. Reveal
and practicing new skills 2 the answers gradually in the order of the steps in preparing a balance sheet
(DEEPENING)
F. Developing mastery Early finishers get to move to computers early and start looking up financial
(POST-ACTIVITY) position (balance sheet) information at www.yahoo.ca/finance
“YOU DO”
G. Finding practical Why is it important to Prepare a Statement of Financial Position?
applications of concepts
and skills in daily living
(APPLICATION)
H. Making generalizations What is a Statement of Financial Position?
and abstractions about the What are the Elements of SFP
lesson
(GENERALIZATION)
I. Evaluating learning Define the following terms
(ASSESSMENT) 1. Statement Financial Position
2. Assets
3. Liability
4. capital
J. Additional activities for
application or remediation
(REMEDIAL)
V. REMARKS
VI. REFLECTION
A. No. of learners who earned 80%
in the evaluation
B. No. of learners who require
additional activities for
remediation who scored below
80%
C. Did the remedial lesson work?
No. of learners who have caught up
with the lesson.
D. No. of learners who continue to
require remediation?
E. Which of my teaching strategies
worked well? Why did these work?
F. What difficulties did I encounter
which my principal or supervisor can
help me solve?
G. What innovation or localized
materials did I use discover which I
wish to share with other teachers?

Prepared by:

GLAIZA D. FLORES
Teacher II

Prepared by:

LIZA D.ESTEBAN
Head Teacher III