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Instructional Plan
FUNDAMENTALS of ACCOUNTANCY, BUSINESS AND MANAGEMENT 1

Name of Teacher Andrea Amor G. Selga Grade 11

Sherraire Joy H. Aguinaldo
Learning Area: Fundamentals of Accountancy, Business &Mgmt 1 Quarter: 3 Date: Feb 20-24, 2017
Competency:  Preparation of worksheet
 Completing the accounting cycle
Lesson No. 11 11. Business Transactions and Their Analysis As Duration (minutes / Week 13
Applied to the Accounting Cycle of a Service Business hours) 4 hours
b. Adjusted Trial Balance
c. Preparation of Basic Financial Statements
Key
Understanding The learners will be able to prepare worksheet, financial statements and complete the accounting
to be cycle.
developed:
Learning  To describe the flow of accounting information from the unadjusted trial balance into the
Objectives income statement and balance sheet columns of the worksheet
 To prepare accurately and in good form a ten-column worksheet.
 To understand and appreciate the usefulness of financial statements
 To prepare and explain the interrelationship of the financial statements
 To understand the need to closed temporary accounts each period
 To recognize the need to prepare post-closing trial balance and reversing entries.
Resources Ten-column worksheet
Needed
Elements of the Plan Methodology
Preparations Motivation/ Review the ten steps in the accounting cycle and summarized the
Introductory steps already discussed.

Presentation Activity  Discuss the lesson for today.

o Use an example problem for the presentation of the
worksheet and how it should be prepared.
o Discuss the essence of Financial Statements and how it
should be prepared.
o Discuss how to journalize and post the adjustments and
closing entries to prepare for the post-closing trial
balance.
o Explain the need for reversing entries every start of the
next accounting period.
Analysis  Is there a need to prepare worksheet?
 What is the essence of Financial Statements?
 Why do some accounts need to be reversed at the start of the
next accounting period?
Abstraction  Steps in the Accounting Cycle
o Step 5: Preparing the worksheet
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o Step 6: Preparing the Financial Statements

o Step 7: Adjustments are journalized and posted
o Step 8: Closing Entries are journalized and posted
o Step 9: Preparation of a post-closing trial balance
o Step 10: Reversing Entries
Practice Application  Complete the accounting cycle starting from the
preparation of worksheet. Use one problem to discuss the
steps 5-10.
 Seatwork
Assessment Assessment Matrix
What will I assess? How will I assess? How will I score?
The comprehension level By asking the questions: One recitation point for
of the students 1. Why do the each correct answer
temporary accounts
closed at the end of
the accounting
period?
2. What is the effect if
reversing entries
were not prepared?
The skills or cognitive By giving them problems One point for each account
operations that the to be solved and apply correctly analyzed
students perform their understanding in the
preparation of worksheet,
financial statement and
completing the
accounting cycle.
Assignment Comprehensive problems.

References Ballada, Win, (2017). FUNDAMENTALS OF ACCOUNTANCY, BUSINESS & MANAGEMENT 1,

2017 edition. Manila:Made Easy Books