DETAILED LESON PLAN IN FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT 1
SCHOOL MAGSAYSAY NATIONAL HIGH SCHOOL
TEACHER
GRADES 1-12 TEACHING
DAILY LESSON DATES AND
TIME
I. OBJECTIVES
A. Content Standard
B. Performance Standard
C. Learning
Competencies/Objectives
II. CONTENT
III. LEARNING RESOURCES
A. References
1. Textbook Pages
2. Additional Materials
B. Other Learning Resources
IV. PROCEDURE
A. Reviewing the past lesson or
presenting the new lesson
GRADE GRADE 11
LEVEL
RANDY R. MAGBUDHI LEARNING FABM1
AREA
March 29, 2021
1:00PM – 2:00PM QUARTER 3rd Quarter
The Accounting Equation
Solve problems applying the accounting equation
Illustrate the accounting equation (ABM_FABM11-lllb-c-17)
Perform operations involving simple cases with the use of accounting equation
(ABM_FABM11-lllb-c-18)
At the end of the lesson, the learners should be able to:
1. Define assets, liabilities and owner’s equity;
2. Illustrate the accounting equation and;
3. Solve problems involving accounting equation
THE ACCOUNTING EQUATION
Basic Accounting Theory and Practices-Ma. Luisa Witty Ramirez-Reyes, pages 16-
21
K to 12 Basic Education Curriculum- SHS – Accountancy, Business and
management (ABM), pages 2-3
Laptop, TV, PowerPoint Presentation, Strips of construction paper, marker,
Calculator
1. Preliminary Activity
A.1. Prayer
Let us all stand for a prayer. (Student volunteers to pray.)
Who wants to lead a prayer? Classmates, let us pray.
Dear lord, thank you for
the blessings you have given
to us. Please guide us in our
studies today. Amen!
A.2. Greetings
Good morning class! Good morning Sir!
How are you today? We are fine/good/happy!
Before you take your seat kindly pick
all the litters under your tables and chairs,
arrange your chairs properly and observe
social distancing
A.3. Checking of attendance
(say present as I call your name) Present/absent
Very good class! Nobody is absent today.
A.4.Review:
 Let us have a short review with our previous lesson.

I have here an exercise regarding our previous

lesson

MULTIPLE CHOICE

1. This type of business offers professionals

skills, advice and consultation.
a. Service Business
b. Merchandising Business Answer:
c. Manufacturing Business
Service Business
Very Good! Examples of these are restaurants,
barber shops, repair shops or any other business
offers service.

2. This type of business is also known as

“buy and sell”.
a. Service Business
b. Merchandising Business Answer:
c. Manufacturing Business
Merchandising Business
Correct! these are the bookstores, sari-sari stores,
and any others engaged in wholesale and retail

3. This type of business buys raw materials

and uses them in making new product.
a. Service Business
b. Merchandising Business
c. Manufacturing Business
Answer:
Excellent! Examples are shoe manufacturing or car
manufacturing or businesses that manufacture Manufacturing Business
products from raw materials.

Good job class, I’m glad that you still remember

our previous lesson

A. Establishing a purpose for the Motivation

lesson Class, look at the picture on the board. What can
you notice or what can you say about the picture? POSSIBLE ANSWERS:
 Vacant restaurant
 Business space
 Almost empty stall
 For rent stall

I have some cut pictures which I got from the

internet. What you are going to do is put or paste
these pictures inside the stall.
a. What do you think is the type of the POSSIBLE ANSWERS:
business? a. Service Business
b. Assuming that you are the owner of the b. by buying
business, how do you think you can
acquire those assets inside the stall?

c. Supposedly that before buying some of

those assets, your money is not enough, c. by borrowing money
where do you think you get the money?

B. Presenting examples and Ok Class! That activity has something to do with our
instances of the new lesson lesson for today. Initially, I presented an empty
business stall. Afterwards we put the resources
needed to start the business. Those resources in a
business are called assets. To acquire those
assets, we need capital or the owner’s equity.

Ok class, do you have any idea about the major

accounts in accounting or the Assets, Liabilities and
Owner’s Equity?

Don’t worry, that will be elaborated in our None sir

discussion for today. Let me present to you the
objectives of our lesson.
Today we will,
 define assets, liabilities and owner’s equity
 Illustrate the accounting equation,
 solve problems involving accounting
equation

Before I discuss the definition of the major accounts

in accounting. I will give you the paper strips where
account titles are written. While I’m discussing the
terms, evaluate the strips you handle if where it
belongs.

The three major accounts in accounting are the

Assets, the Liabilities, and the Owner’s Equity.

Assets are the company's resources or properties

owned by the company.
Liabilities are the company's debts or obligations to
be settled in the future.
Owner's equity are the total capital the owners
have invested in the business

From that definition, let us complete the graphic

organizer that I have prepared for you, are you Yes Sir!
familiar class with the graphic organizer?

In your English Junior High School, that was

already discussed, we are going to apply it today.
Can you please recall what graphic organizer is?
Graphic organizer is a visual
and graphic display that
depicts the relationships
between facts, terms, and
Wow that’s nice, you still remember your lesson ideas within a learning task
about the graphic organizer.

We are now going to use the Hierarchy chart.

Activity 1:

Complete the illustration. with use of one of the

graphic organizers, the “hierarchy chart.

Answers:
Assets:
 1. Cash.
2. Supplies
3. Equipment
4. Furniture and
Fixtures
Liabilities :
1. Accounts Payable
2. Loans Payable
Owner’s Equity
1. Owner’s Investment

d. Discussing New Concepts These three accounts have the same relationships
and Practicing New Skills to each other. We call this relationship the
Accounting Equation
Accounting Equation A:

Assets Liabilities Owner’s

Equity

The word equation comes from the word equal. For

Assets = Liabilities + Owner’s any equation, one side always equals
Equity another.
1. ? 100,000 500,000
2. 200,000 160,000 ? The equation shows that Assets are
3. ? 450,000 (100,000) equal to the sum of (Liabilities) and
Owner’s Equity(owner’s investment)

The equation may also be expressed as:

Accounting Equation B:

Owner’s
Assets Liabilities
Equity

The equation means that out of the properties of

the business, the business will pay first the debts to
creditors and any amount remaining thereafter
should go to the owner.

Let’s try these examples:

4 Supplies=Php.45,000 Answer:
Accounts payable= Php15,000 1. Assets=600,000
5. Cash=Php.500,000 2. Owner’s
Loan Payable=Php400,000 Equity=40,000
3. Assets=350,000
The accounting equation could also apply to 4. Owner’s
personal situation. Equity=30,000
Suppose you bought a Computer Equipment for 5. Liabilities=100,000
P50,000, borrow P40,000 from others, and pay the
rest yourself. Try to illustrate the accounting
equation.
Assets = Liabilities + Equity
P50,000 = P40,000 + 0

P50,000 = P50,000 (answer)

10,000
 e. Discussing New Concepts
and Practicing New Skills

f.Assets
Developing
= Mastery
Liabilities + Owner’s Activity 2: Work Together: (Students do the activity.)
Equity I will group you into two groups.
1. 500,000 340,000 ? Review the Accounting Equation and
2. ? 110,000 590,000 examine each of the transactions
3. ? 650,000 (50,000) and perform necessary operation
with the use of Accounting Equation.

GROUP 1

GROUP 2

1. Furniture and fixtures=Php.70,000

Accounts payable= Php35,000

2. Equipment=Php.200,000
Owner’s equity=Php100,000

3. Office Supplies=Php.100,000
Accounts payable=Php100,000

g. Finding practical application of Activity 3:

skills and concepts in daily How blessed Am I?
living Please check the appropriate box relevant to you.

Column A Column B
Eat 3 times a day Lonely
Healthy body Unwell
With friends More enemy
Living with parents bullied
With computer Depress
With cellphone Unhappy
Can buy new clothes Can’t buy new clothes
Have special talent No talent
With savings account No savings account
Sleep comfortably Stress

To get the result:

10points for each check in Column A =
10points for each check in Column B=
Total points in Column A – Total Points in
Column B x 100%

h. Making Generalization and What have you learned in the accounting equation? Students will share their
Abstraction of the Lesson thoughts about quotation
and how they can relate it in
the lesson

i. Evaluating Learning Assessment:

 Using the given data accomplish the accounting equation by applying
necessary operations.

Assets Liabilities Owner’s

Equity
a. 760,000 360,000 ?
b. 860,000 ? 592,000
c. ? 108,000 760,000
d. 626,600 376,240 ?
e. ? 800,000 (100,000)
j. Additional Activities for Using the given data accomplish the accounting equation by applying
Remediation and Application necessary operations.

Assets Liabilities Owner’s

Equity
a. ? 50,000 100,000
b. 20,000 ? 10,000
c. ? 108,000 150,000
d. 60,000 ? 52,000
e. ? 150,000 (100,000)
V. REMARKS
VI. REFLECTION
A. No. Of learners who earned 80% in
the evaluation
B. No. of learners who scored below
80% (needs remediation)
C. Did the remedial lessons work?
No. of learners who caught up with
the lesson
D. No. of learners who continue
require to remediation
E. Which of the teaching strategies
worked well? Why?
F. What difficulties did I encounter
which my principal/ supervisor can
help me to solve.
G. What innovation to localized
materials did I used/ discover which I
wish to share with other teachers?

.
Prepared by: RANDY R. MAGBUDHI
Subject Teacher