Republic of the Philippines

Department of Education
Region IV-A CALABARZON
Division of QUEZON
Gen. Nakar District II
PAARALANG SEKUNDARYA NG HENERAL NAKAR
Brgy. Anoling, Gen. Nakar 4338

LESSON EXEMPLAR IN
FOUNDAMENTALS OF ACCOUNTANCY & BUSINESS MANAGEMENT 2

School PSHN- MAIN Grade level 12

Fundamentals of Accountancy
LESSON Teacher NANCY T. ATENTAR Learning Area
& Business Management 2
EXEMPLAR
Teaching Date FEBRUARY 18, 2021 Quarter SECOND
Teaching Time No. of Days 1

I- OBJECTIVES
A. Content Standards
B. Performance Standards
C. Learning Competencies or
Objectives
D. Most Essential Learning
Competencies (MELC)
E. Enabling Competencies
II- CONTENT
III.LEARNING RESOURCES
A. Reference/s
a.Teacher’s Guide Pages
b.Learner’s Material Pages
c.Textbook Pages
d.Additional Materials from
Learning Resources
B. List of Learning Resources for
Development and
Engagement Activities
III- PROCEDURES
A. INTRODUCTION
* Daily Routine
The learners demonstrate an understanding of the five major accounts,
namely: assets, liabilities, capital, income and expenses.
The learners shall be able to define, identify, and classify accounts
according to the five major types.
At the end of the lesson the students should be able to:
1. Discuss the five major accounts
2. identify the account as assets, liabilities, capital, income or
expenses
3. Apply the accounting equation in solving accounting
problems.
Discuss the five major accounts
The Five Major Accounts
FABM 2 Module 1
Teachers Guide pages 15-20
FABM 2 Module 1 pages 4 -18
Basic Accounting
Mobile Apps on Basic Accounting , video tutorial on accounting
equation
Downloadable Mobile Apps on Basic Accounting
What I need to know

Tell the learners the learning objectives of the lesson

1. discuss the five major accounts
2. identify the account as assets, liabilities, capital, income
or expenses
3. Apply the accounting equation in solving accounting
problems.
 What I know ?

Review the overview the accounting equation

• The accounting equation is Assets = Liabilities + Equity

• Assets are resources owned by the business.

Ask them to enumerate or give an example of Assets
• Liabilities are obligations by the business.
Ask them to enumerate or give an example of Liabilities
• Equity is the residual interest of the owner of the business.

What I Know

A. Ask the meaning of Assets , liabilities and Owner’s

Equity
B. Tell whether if the given account is an asset, liability,
equity. ( Worksheet 1)

What’s In

Introduce the types of major accounts: Assets, Liabilities,

B. DEVELOPMENT Owner’s Equity, Income and Expense.

• Define Assets, Liabilities, Owner’s Equity, Income and

Expense

What is it ?

Discuss the difference between :

1.Current vs. Non-Current Assets,
2. Tangible vs. Intangible Assets
3. Current vs. Non-Current

C. ENGAGEMENT
What’s more

Connect to a real life situation.

*Place the accounting equation

at the board.

Tell that every transaction, the accounting equation should

always be balanced

* From the given word problems , shows the accounting

equation is always balance
 * Give at least 2 examples of business transactions

* Angels Tutorial Center has an asset amounting to

P 200,000, Liability is P 75,000. How much is the
owner’s equity account?

 Assets of TMAM is P15,000 and Total Equity is

P10,000, how much is total Liabilities?

Additional Activities
( Worksheet 2)

A.Identification : Identify the following :

Assets Accounts Receivable Intangible Assets

Liabilities Notes Receivable Property, Plant and Equipment
Owner’s Equity Rent Expense Cash Prepaid Expense

____________ 1. It is the obligations of the company payable in

money, goods or services.
____________ 2. These are non-current tangible assets.
____________ 3. These assets are identifiable, non-monetary assets
without physical substance.
____________ 4. It is the claim of the owner also known as the
capital.
____________ 5. It is the most liquid asset and is the medium of
exchange for business transactions.
____________ 6. It is an expense for leased office space, equipment or
assets rented from others.
____________ 7. Examples of this are cash, account receivable and
prepaid expenses.
____________ 8. It is a written promise from the customer to pay his
receivables on a certain future date.

B.Solve the given problem on business transactions.

1.Assets is equal to P350,000, Owner’s equity is 250,000,

How much is Equity?

2. Sure Fresh Company’s total liabilities amounted P30,000.

Total equity had an ending balance of P50,000. How much is
total assets?

3. Current Assets is P50,000, Non- Current Assets is 150,000.00,

Current Liabilities is P10,000 and Non- Current Liabilities is
P40,000, How much is the Equity of the company?

D. ASSIMILATION
What I have learned ?

1.After the discussion ask the learners how they understand

assets, liabilities and equity by asking them to give examples of
each?

2.Differentiate the ff:

a. Assets and liabilities
 b. current and non current assets
c. income and expenses

What I can do?

( Worksheet 3)
B.Solve the given problem on business transactions using
Accounting Equation

1. Assets is equal to P350,000, Owner’s equity is 250,000, How much

is Equity?
2.Sure Fresh Company’s total liabilities amounted P30,000. Total
equity had an ending balance of P50,000. How much is total assets?

3.Current Assets is P50,000, Non- Current Assets is P150,000.00,

Current Liabilities is P10,000 and Non- Current Liabilities is P40,000,
How much is the Equity of the company?

4.Angels Tutorial Center has an asset amounting to P 200,000,

Liability is P 75,000. How much is the owner’s equity account?

5.Assets of TMAM is P15,000 and Total Equity is P10,000, how much

is total Liabilities?

IV- REFLECTION Assets puts money in your pocket while liabilities take
I understand that money from your pocket.

Prepared by:

NANCY T. ATENTAR
SHS Teacher III
Checked by:

RIZA L. SOSA
Head Teacher – Math Dept.