Republic of the Philippines

Region 1
Division of City Schools
CAYAMBANAN NATIONAL HIGH SCHOOL
Urdaneta City

Semi Detailed Lesson Plan in

Accountancy, Business & Management 1
Grade 12

July 23, 2019

2:00 pm – 3:00 pm

I. Objectives:

At the end of the lesson, the students should be able to

A. ABM-FABM11-IIId-e-19: Discuss the five major accounts
B. ABM-FABM11-IIId-e-20: Cite examples of each type of account
C. ABM-FABM11-IIId-e-21: Prepare a chart of accounts.

II. Subject Matter:

A. Topic: Types of Major Accounts

B. References: Fundamentals of Accountancy, Business & Management 1 (Angeles
A. De Guzman p. 69-73), Fundamentals of Accountancy, Business &
Management 1 (Joselito G. Florendo p. 143-157),
C. Materials: Laptop, Speaker, Pictures

III. Procedure:

A. Preparatory Activity
1. Greetings and Prayer
2. Checking of attendance
3. Review the accounting equation. Ask the learners to differentiate assets,
liabilities and equity.

B. Motivation
The learners will play a game called “Classify it!” The class will be divided into
two teams. Each team will be given a set of different pictures. The purpose of this
activity is to sort the different pictures into different groups based on their own
ideas about how they should be grouped. The first team to finish wins.

C. Lesson Proper
1. Introduce the types of major accounts: Assets, Liabilities, Owner’s Equity,
Income, Expense
2. The learners will do the segment “Think-Pair-Share” wherein two students
will work as a team to define and give examples of an asset.
3. Let the learners watch a video clip about asset.
4. Discuss the difference between current and non-current assets.
5. Ask the learners to define the word tangible and intangible. After which,
discuss the difference between the two.
6. Discuss the account titles used for Asset Accounts. Define each account and
differentiate one from the other.
D. Activity
Group Activity
The teacher will read a description of an example of an asset. The first group to
identify the asset and classify it to current or non-current asset will earn a point.
First group to score 5 points will win the game.

E. Generalization
There are five types of major accounts. One of these is the Asset. Asset is
classified into two. Current assets are all assets which are expected to be realized
within the ordinary course of business or within 12 months whichever is longer
and non-current assets are all other assets which are not basically current.
Classifying assets is important to the business because understanding which assets
are current and non-current will help in determining the net working capital of a
company. Moreover, classifying it correctly will make the Asset section of the
Statement of Financial Position of the business relevant and reliable. Thus, it is
useful to the users of financial information.

F. Evaluation
Individual activity
Classify the following as Current Asset (C) or Non-current asset (NC).
1. Short-term Investment
2. Inventories
3. Accounts Receivable
4. Land held as an investment
5. Notes receivable

G. Assignment
 Answer the following questions:
1. What are liabilities?
2. What are current and non-current liabilities?
3. What is equity?
4. In a corporation, what are the items included under the equity section?

Prepared By:

JESSIE ROSE T. TAMAYO

Teacher I