Detailed Lesson Plan in Accounting 1

I. Learning Objective
At the end of the lesson the student will be able to:
1. Define Liabilities
2. Identify Liabilities

II. Subject Matter

Topic: Liabilities
Materials: Power point presentation, chalk and chalk board, cartolina, pictures
References: Fundamentals of Accounting
www. Slideshare. com
III. Procedure

Teacher’s Activity Students’ Activity

A. Preparatory Activities
1. Prayer (Ask one of the student to lead Pray
the prayer)
2. Greetings
Good Morning Class! Good morning ma’am!
Before you set down kindly pick-up the
pieces of paper under your chair and (the student picked-up the pieces of paper and
arrange your chair properly. arranged the chair)
3. Checking of Attendance
Whose absent in boys? None ma’am
How about in girls? None ma’am
4. Review
What was our topic yesterday? About Asset ma’am
Before we proceed to our topic let us
review if you really understand asset. Asset is a property owned by a person or
What is the meaning of asset? company.
What is the difference between Tangible Asset is an asset that has physical form it
tangible asset and intangible asset? can be touch, While intangible asset is opposite of
tangible asset.
I have here 5 assets you’re going to
identify if it is tangible or intangible
1. Machinery Tangible
2. Furnitures and fixtures Tangible
3. Trademark Intangible
4. Copyrights Intangible
5. Cash Tangible
B. Lesson Proper
Presentation
Find the given words
c R e d i t d c r e d i t D
p A y M e n t p a y m e n T
o D s I q h d o d s i q h D
i E r H q l s i e r h q l S
i B f V d k p i b f v d k P
w I d M s j o w i d m s j O
s T a N g i e s t a n g i E
r E C O r d t r e c o r d T
 1. Credit
2. Cash
3. Payment
4. Debit
5. records

Motivation
Show a picture of bank A bank ma’am
What do you see in the picture? Savings ma’am
What transactions we do in a bank? remittance ma’am
You can use the given words in the puzzle Loans ma’am
Ok very good! Another?
Great! Any other idea?
Awesome!

What is the synonym of the word Loan? Liabilities ma’am

What do you think is the meaning of liabilities? Liabilities means debt
Do you ever experience to borrow some money to Yes ma’am
your sister or brother or even your friends?
What happen? (let the student tell his / her experience)
Discussion
(Video Presentation)
To learn more about liabilities let us watch a video
presentation about it, but before watching this are ( Learner’s watching video presentation)
the things you need to observe?
1. Keep quit
2. Jot down important information
3. Be attentive

Activity 2
Think-Pair –Share
( the learners will present their observation) (Performance of the Class)

Application

Point out the words related to liabilities

Wages Interest Dividends Cash 1. Wages

2. Interest
Machinery Furniture Unearned Revenues 3. Dividends
4. Unearned Revenues
Deferred Credits Land Equipment 5. Deferred Credits

Do follow up question

Generalization
Share your acquired knowledge
Liability is defined as the future sacrifices
of economic benefits that the entity is
obliged to make.
IV. Evaluation
Encircled the correct answer of the question
1. Is a debt owed by a company that requires the entity to give up an economic benefit to
settle past transactions and event?
a. Asset b. liabilities c. capital d. income
2. Monetary compensation paid by an employer to employee?
a. Cash b. bond c. wages d. debt
3. Money received in advance of it being earned?
a. Cash b. bond c. capital d. deferred credits
4. Give 2 examples of liabilities.
V. Assignment

Conduct an interview to businessmen in your barangay

What is needed to establish a business?

Prepared by:
Sherlyn G. Damiray