Department of Education

Region III
Division of Pampanga

STA. ANA NATIONAL HIGH SCHOOL

San Agustin, Sta. Ana Pampanga

SEMI-DETAILED LESSON PLAN IN

ENTREPRENEURSHIP

I. OBJECTIVE
Through observation and discussion students will be able to:
1. Students will be able to speak about basic accounting language and terms
such as assets, liabilities, and owner’s equity.
2. They will be able to calculate owner’s equity and net worth, and identify
items that fall into each category. • Students will be able to define what a
balance sheet, know how to prepare a balance sheet and apply the
knowledge learned about balance sheets.
3. Calculate Total Assets, Liabilities and Capital
4. Examine accounts that would be placed in a Balance Sheet
5. Construct a simple balance sheet when given the names of accounts

II. SUBJECT MATTER

Content: Entrepreneurship
Topic: INTRODUCTION TO FINANCIAL STATEMENT

III. LEARNING RESOURCES

Frank W. & Robinson S. (2007) Principles of Accounts for the Caribbean 5th
Edition. Longman
CXC (2006) Principles of Accounts Syllabus, Caribbean Examination Council
Balance Sheet. (n.d.). Retrieved March 13, 2015, from
http://www.collegecram.com/study/accounting/financial-statements/balance-
sheet/

IV. PROCEDURE:
1. Introductory Work:
Lead the prayer
Greetings
Pick up the litters on the floor
2. Motivation:
In the form of review, teacher will have a chart on the board with the
three labels (assets, liabilities, and Capital). Having already prepared
some label strips with different account names, the teacher will give
different students in the classroom a strip for the student to go and
stick on the chart where it belongs and orally state why they think that
account goes under that label.
Materials: chart, label strips, chalk, balancesheet template
3. Procedure:
Direct instruct the students with the help of PowerPoint. Start by
recapping the last class in which they learned about assets, liabilities,
owner’s equity. Provide the students with 1 small question on
PowerPoint which summarizes assets, liabilities and owner’s equity.
Have them do it in pairs

1) Students already knowing how to classify the different accounts by name,

teacher will assign a number value to each account and will ask students to
calculate the total value of each group.
2) Using the structure of an accounting equation (Assets – Liabilities = Capital),
students will find use the math concept of substitution to find a missing
variable.
 3) Using the accounting equation, place assets on the left side, and then place
liabilities and owner's equity on the right side. According to the equation, the
left side of the balance sheet would then have to equal the right side of the
balance sheet. (Hence the name "Balance" Sheet.)

4) Divide class into groups of 4’s and each person will be assigned a role in each
group. Providing different accounts the group will have to calculate the
different parts of the balance sheet and label them properly on a shop paper.
1st person : Calculate Assets
2nd person: Calculate Liabilities
3rd person: Calculate Capital
4th person: prepare the balance sheet format on the shop paper.
Example
Assets Liabilities
Cash $1,500.00 Bank Loan $3,000.00
Equipment 2,500.00 Total Liabilities 3,000.00
Furniture 500.00

Owner's Equity
Capital $1,500.00
_______ _______
Total Assets $4,500.00 Total L & O.E. $4,500.00
======= =======

Closure: through questioning students will share with the class what they have
learnt.

V. EVALUATION:
Prepare a Balance Sheet of ABC Company from January 01, 2017 to
December 31, 2017 using the following details.
CASH -------------------------- P15,500
CAPITAL STOCK ------------- P30,000
UNEARNED REVENUE ----- P1,200
ACCOUNTS PAYABLE ------ P4,000
FURNITURES -----------------P45,000
RETAINED EARNINGS ----- P1,600
NOTES PAYABLE ----------- P20,000
ACCOUNTS RECEIVABLE – P4,500
ACCUMULATED DEPRECIATION --- 5,000
SALARIES PAYABLE ------- P2,000
INTEREST PAYABLE ------P1,200

Conclusion: Each student will be given 6 accounts with a number value and they
will have to prepare a balance sheet on their exercise sheets.

Prepared by:
Kimber Crizel M. Pineda
SHS Teacher II

Noted by:
Mrs. Lani C. Agajona
Principal II