LEARNING ACTIVITY SHEET

BUSINESS FINANCE
1st Quarter 2020-2021
Date: August 17-20, 2020
TOPIC: Introduction to Financial Management
Week 1 Lesson: 2
OBJECTIVE
At the end of the lesson, the learners CAN…
1. Explain the different individuals involved in financial management by describing the
roles and responsibilities of each finance personnel.

I- ENGAGING ON TASK
1.1 SETTING EMOTIONAL CLIMATE
Hello! How are you? Before we discuss our topic, let us make a simple activity first. Just
follow the steps below.
STEP 1. Stand up
STEP 2. Place your right hand across the body to the left knee as you raise it.
STEP 3. Do the same thing for the left hand on the right knee as if you were marching
STEP4. Do this 5 times.

1.2 REFRESHING PRIOR KNOWLEDGE

INSTRUCTIONS: Which among the following professions below you want to be in the
future? Below are the jobs suited to an ABM student. Check the box of your choice, you can
have 3 answers.

ACCOUNTANT Marketing Head

CHIEF FINANCE OFFICER Admin Head

AUDITOR B.O.D.

ENTREPRENEUR

FINANCIAL ANALYST

FINANCIAL MANAGER

MANAGER

BANKER

LINKING STATEMENT: What did you notice about the listed professions? Yes, the
professions mentioned above are the people who are involved in making the financial plan of
an entity. Today’s lesson we will be discussing the different individuals involved in making
the financial plan, their roles and responsibilities.
 II- ESSENTIAL KNOWLEDGE AND SKILLS
1.3 SUMMARY OF ESSENTIAL CONCEPT
Financial management or proper handling of the assets and liabilities of the company is not an
easy task. It requires accuracy and consistency because of the impact it may have not just on
the performance of the business but to the people who will be greatly affected by a single
decision.
Below are the people responsible in the financial activities of the enterprise:

Prepare financial statements, Monitor financial details to

business activity reports, and ensure that legal requirements
forecasts. are met.

Supervise employees who

do financial reporting and Review company
budgeting. financial reports and
seek ways to reduce
FINANCIAL MANAGER costs.

Analyze market trends to find Help management make financial

opportunities for expansion or for decisions.
acquiring other companies.
 CHIEF FINANCE OFFICER (CFO)
A Chief Financial Officer (CFO) is the senior executive responsible for
managing the financial actions of a company. The CFO's duties include
tracking cash flow and financial planning as well as analyzing the
company's financial strengths and weaknesses and proposing corrective
actions. (Investopedia)

Other Financial Officers

AUDITOR
CERTIFIED PUBLIC ACCOUNTANT
An auditor is a person
authorized to review and verify Is responsible for the financial health of an
the accuracy of financial organization. They produce financial reports,
records and ensure that direct investment activities, and develop
companies comply with tax laws. strategies and plans for the long term financial
They protect businesses goals of their organization. Financial managers
from fraud, point out work in many places, including banks and
discrepancies in accounting insurance companies. (Investopedia)
methods and, on occasion, work
on a consultancy basis, helping
organizations to spot ways to
boost operational efficiency.
Auditors work in various
capacities within different
industries. (Investopedia)

1.4 TESTING FOR KNOWLEDGE

INSTRUCTIONS: Match the finance person in column A with the roles in column B.
Write only the letter of your choice in the space provided for before each number.
COLUMN A
_____1. CERTIFIED PUBLIC ACCOUNTANT _____3. CHIEF FINANCE OFFICER
_____2. AUDITOR _____4. FINANCIAL MANAGER
COLUMN B
A. Review financial reports and gives recommendation to reduce cost.
B. Verify the accuracy and the consistency of the financial reports.
C. A senior executive responsible in the management of the finances of the business.
D. Prepares the financial statements.
 III- GUIDED PRACTICE
1.5 PRODUCTIVE TEAMWORK
INSTRUCTIONS: Using the same partner in the previous activity, ask one online seller that
you know and make a 5-minute video of your interview, if you are the online seller, you
cannot interview yourself but a relative will do.
STEP 1. Make sure that you will interview the person at their convenient time within the day
that you planned the interview and inform your interviewee that it will be submitted to your
teacher and you are going to record it.
STEP 2. You can use any virtual platforms such as messenger and others to conduct the
interview.
STEP 3. You can make a little introduction in the video by stating the interviewee’s name,
product sold, and social media accounts where they post their products.
STEP 4. Ask the following questions below during the interview.
These are the questions that needed to be asked during the interview:
1.What is the reason why he/she sells online?
2.What are the struggles in selling online?
3.Why did he/she choose to sell the product he/she is selling right now?
4. How do they manage their financial activities; their income, payments to suppliers and the
likes?
STEP 5. After the interview give your individual summary, answer the question if you still
want to pursue a career in Financial Management.
STEP 6. Only one of the partners will submit the video, but don’t forget to include the name
of your partner in submitting it.
REMINDERS:
1. Questions should be asked in English, but answers of the interviewee can be in
Tagalog.
2. You can ask the questions given in STEP 4 at random, as long as all of the
questions will be answered.
1.6 KNOWLEDGE SCANNING
INSTRUCTIONS: From the interview experience describe the opportunity and struggle of an
online seller who also acted as the different finance officer in a company. Give 2 opportunities
and 2 struggles.

OPPORTUNITY STRUGGLE

1. 1.

2. 2.

1.7 INTEGRATION OF LEARNING

Rate the level of difficulty of the mentioned professions in financial management, from 1 as
easiest and 10 as the most difficult. Explain your rating, just make 3 sentences.

IV- SELF-DETERMINING PRACTICE

Mr. Right the CEO, ask his financial manager regarding the financial status of their company.
Below are the following data gathered from the reports:
ITEMS IN THE ESTIMATED AMOUNT CURRENT AMOUNT
 FINANCIAL
STATEMENTS
CASH P 800,000 P 500,000
ACCOUNTS PAYABLE 100,000 150,000
ACCOUNTS 200,000 150,000
RECEIVABLE
SALES 1,000,000 1,100,000
RETURNED ITEMS 50,000 30,000
EXPENSES 370,000 450,000
If you are the financial manager that also acts as the financial advisor what will be your advice
to improve the performance of the company. Write a brief recommendation inside the box
below.

V. Reflection
As an ABM student what will you do to pursue your dream career as one of those mentioned
financial officers?

Reference:
Commission on Higher Education

K to 12 Transition Program Management Unit

Office Address: 4th Floor, Commission on Higher Education,
C.P. Garcia Ave., Diliman, Quezon City

Telefax: (02) 441-0927 / E-mail Address: k12@ched.gov.ph

Prepared by:

CZARINNA SUZANNE R. ERUELA

Finance Teacher