School Corazon C.

Aquino High School Grade Level and Section ABM G12

Fundamentals of
GRADE 12 Teacher Alvin B. Manzon Learning Area Accountancy, Business and
DAILY LESSON LOG
Management 2
Teaching Dates and Time Week 2 – Day 1 – 4 June 10-14 Quarter First

Session 1 Session 2 Session 3 Session 4

I. OBJECTIVES
A. Content Standards
1. Identify the elements of the SFP and describe each of these items for a single/sole
proprietorship business
2. Prepare an SFP for a single/sole proprietorship business using the report form and account form.
3. Apply this lesson in real life situation.
The learners demonstrate an understanding of:
 The learners demonstrate an understanding of account titles under the assets, liabilities, and capital accounts of the Statement of
Financial Position, namely, cash, receivables, inventories, prepaid expenses, property, plant and equipment, payables, accrued
expenses, unearned income, long-term
liabilities and capital that will equip him / her in the preparation of the SFP using the report form and account form.

The learners shall be able to solve exercises and problems that require preparation of an SFP for a single/sole proprietorship with proper classification
B. Performance Standards
of accounts as current and noncurrent using the report form and the account form.

The learners should be able to: The learners should be able to: The learners should be able to: The learners should be able to:
C. Learning Competencies/
classify the elements of the SFP classify the elements of the SFP classify the elements of the SFP classify the elements of the SFP
Objectives (Write the LC
into current and noncurrent items into current and noncurrent items into current and noncurrent items into current and noncurrent items
Code)
(ABM_FABM12-Ia-b-2) (ABM_FABM12-Ia-b-2) (ABM_FABM12-Ia-b-2) (ABM_FABM12-Ia-b-2)

Content is what the lesson is all about. It pertains to the subject matter that the teacher aims to teach. In the CG, the content can be tackled in a week or two.
II. CONTENT Statement of Financial Position Statement of Financial Position Statement of Financial Position Statement of Financial Position
(SFP) (SFP) (SFP) (SFP)
III. LEARNING List the materials to be used in different days. Varied sources of materials sustain children’s interest in the lesson and in the learning. Ensure that there is a mix of concrete and
RESOURCES manipulative materials as well as paper-based materials. Hands-on learning promotes concept development.
 A. References
1. Teacher’s Guide Pages Pages 1-15 Pages 1-15 Pages 1-15 Pages 1-15
2. Learner’s Material pages
3. Textbook pages

4. Additional Materials from

Learning Resource portal

B. Other Learning Resources

Session 1 Session 2 Session 3 Session 4

These steps should be done across the week. Spread out the activities appropriately so that the students will learn well. Always be guided by demonstration of learning by the students
IV. PROCEDURES which you can infer from formative assessment activities. Sustain learning systematically by providing students with multiple ways to learn new things, practice their learning, question their
learning processes and draw conclusions about what they learned in relation to their life experiences and previous knowledge. Indicate the time allotment for each step.

Jumble Words Recap of the lesson.

A. Reviewing previous lesson
or presenting a new lesson
Review of the Financial
Statement

B. Establishing a purpose for
the lesson
C. Presenting
examples/instances of the
Ask the students to prepare a
personal SFP using savings and
personal things (bag, pencil,
pen, clothes, etc.) as assets and
the amount that they owe to
their friends or the amount of
tuition that their parents are
paying as liabilities.
Discussing the importance of the
Brainstorming….elements of
Financial position
Identification of current and
Teacher can discuss how a
company can have a lot of
assets but still have very low
equity. When the company has
a lot of assets (example: cash,
accounts receivable, prepaid
expenses),
owners may sometimes think
that the company is doing well.
Activity : Board Work
Teacher will discuss the
preparation of the SFP, the
owner can easily see the
assets, liabilities and equity
balances of his/her company
which will show exactly the
financial position of the
company as of a
given point in time.
 SFP and its difference with
new lesson
Statement of Owner’s Equity
Define the term Statement of
D. Discussing new concepts Financial Position and introduce
and practicing new skills #1 the term Permanent Accounts
Instruct learners about the
elements of the SFP and the
difference between current and
E. Discussing new concepts noncurrent items and the
and practicing new skills #2 difference between report form
and account form
Differentiate the following:
Current to Non Current Assets
F. Developing mastery (Leads Current to non Current Liabilities
to Formative Assessment)
G. Finding practical
Activity: Classification of
applications of concepts and
skills in daily living accounts
The accounting equation is
similar to everybody daily life’s
H. Making generalizations and
abstractions about the lesson
learning that needs to balance
opportunities and challenges in
order to succeed.
I. Evaluating learning 5 Easy questions can focus on 5 Medium questions can focus
noncurrent items can also be
part of Medium questions
Define the term Statement of
Financial Position and introduce
the term Permanent Accounts
Discussion: Relate the 1. Prepare the Statement of
completion of the worksheet and
the preparation of financial
statement
Do: Show slides on SFP
Follow the steps to prepare the
SFP in this activity. Board Work
Activity 1: Use the previous
worksheet (Day 1- Sure Repair
Shop) for the Preparation of the
Financial Position.
Process the activity
Define the term Statement of Define the term Statement of
Financial Position and introduce Financial Position and introduce
the term Permanent Accounts the term Permanent Accounts
Financial Position of a single Show slides SFP presentation
proprietorship
 Elements
Types: Report Form and
Account Form
Activity
Process the activity
Process the Activity
5 Difficult questions can focus Students will be group
 on the computation of the total
assets and total liabilities and
the two formats of the SFP. themselves and identify the
equity assuming that individual
Computation of total assets, different
accounts are given and the
total assets and liability accounts of
learner will have to identify each on the computation of individual
liabilities and equity using the the school. From the accounts
account as either asset, liability accounts provided that the SFP
accounting equation and identified, the groups can
or equity to compute for the is given as a whole.
definition of terms are also part prepare the
missing amount. Identification of
of the easy hypothetical statement of
current and
questions. financial position for the school.
noncurrent items can also be
part of Medium questions

J. Additional activities for

application or remediation

V. REMARKS
Reflect on your teaching and assess yourself as a teacher. Think about your students’ progress this week. What works? What else needs to be done to help the students learn? Identify
VI. REFLECTION what help your instructional supervisors can provide for you so when you meet them, you can ask relevant questions.
A. No. of learners who earned 80% on
the formative assessment

B. No. of learners who require additional

activities for remediation

C. Did the remedial lessons work? No. of

students who caught up with the lesson

D. No. of learners who continue to require

remediation
 E. Which of my teaching strategies work
well? Why did these work?

F. What difficulties did I encounter which

my principal or supervisor help me solve?

G. What innovation or localized materials

did I use/discover which I wish to share
with other teachers?

Prepared by: Checked by: Noted by:

Alvin B. Manzon Louie B. Salmasan Corazon V. Abellar

Subject Teacher Head Teacher Principal II