NORTH CENTRAL MINDANAO COLLEGE, INC.
Maranding, Lala, Lanao del Norte
DAILY LESSON
LOG
1. OBJECTIVE:
A. Content Standard
B. Performance Standard
C. Learning Competencies
Tel. No. (063) – 227-8004
www.ncmc.edu.ph
Grade
School NORTH CENTRAL MINDANAO COLLEGE, INC. Grade 12 ABM
Level
Marc Bernelle Buhale Learning
Teacher Area Accounting 2
2:30-3:30/7:30-8:30
Teaching Date and September 18-22, 2023 1st Semester 1st Quarter
ABM Quarter
Time Week 4
MTW/F
MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY
The learner demonstrates 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 proprietorship with proper classification of accounts
as current and noncurrent using the report form and the account form.
This activity aims to target the This activity aims to target the
following DepEd competency: following DepEd competency:
This activity aims to target
Identify the elements of a Identify the elements of a Statement
the following DepEd
This activity aims to target the Statement of Financial Position and of Financial Position and describe
competency:
following DepEd competency: describe each of them each of them
Prepare an SFP using the
Prepare an SFP using the report (ABM_FABM12-Ia-b-1). (ABM_FABM12-Ia-b-1).
report form and the account
form and the account form with This activity aims to target the This activity aims to target the
form with proper classification
proper classification of following DepEd competency: following DepEd competency:
of
items as current and noncurrent Prepare an SFP using the report Prepare an SFP using the report form
items as current and
(ABM_FABM12-Ia-b-4). form and the account form with and the account form with proper
noncurrent (ABM_FABM12-Ia-
proper classification of classification of
b-4).
items as current and noncurrent items as current and noncurrent
(ABM_FABM12-Ia-b-4). (ABM_FABM12-Ia-b-4).

II.CONTENT
III.LEARNING RESOURCES
A. References
1. Teacher's Guide pages
2. Learner's Materials
3. Textbook pages
4. Additional Materials from LR
B. Other Learning Resources
V.PROCEDURE
A. Reviewing previous lessons or
presenting the new lesson.
B. Establishing a purpose for the lesson
C. Presenting examples/instances of the 1. Search for an SFP published
new lesson
Preparation of a Statement of
Preparation of a Statement of
Financial Position
Quipper
Internet
Internet
Review of the past lesson
What is the ratio of obligations
against owner's equity?
on the internet. How were the
elements (assets, liabilities, and
equity) arranged?
2. Are there other ways to
present a Statement of
Financial Position besides the
one you found? If there are,
provide the related details or
description.
3.What are the advantages of
3. What are the advantages of each SFP form?
each SFP form?
Introduction to Statement of Introduction to Statement of
Comprehensive Income Comprehensive Income
Financial Position
Quipper
Quipper
Quipper
Internet
Internet
Internet
Internet Internet
Review of the past lesson Review of the past lesson CL
What basic financial report do
enterprises need to monitor their
Out of the total assets, what
income and expenses? What tools
is the percentage of non- CL
are required to assess whether a
current assets?
business earns income or incurs
losses?
1. Search for an SFP 1. What do you think is the . CL
published on the internet. importance of presenting financial
How were the elements statements to investors?
(assets, liabilities, and equity) 2. If you were part of the
arranged? group of investors, how can you
say it is worth investing in a
2. Are there other ways to company?
present a Statement of 3. Why is it essential to
Financial Position besides the present financial information
one you found? If there are, appropriately and according to
provide the related details or established standards?
description.
D. Discussing new concepts and
Practicing New Skills #1
1. Why do Statements of
Financial Position for sole
proprietorships only have one
entry in the owner’s equity
section?
A sole proprietorship business
only has a single owner. Thus,
the owner's equity belongs
to the single owner of the
company. It is different from
corporations, where the equity
may be divided among
shareholders.
2. What is the difference
between the report form and
the account form of a
Statement of Financial Position? between the report form and Answers may vary. For me,
The only difference is that the the account form of a
other is presented vertically
while the other is presented
horizontally.
1. Why do Statements of
Financial Position for sole
proprietorships only have one
entry in the owner’s equity
section?
A sole proprietorship business documents show the
only has a single owner.
Thus, the owner's equity
belongs
to the single owner of the
company. It is different from
corporations, where the
equity
may be divided among
shareholders.
2. What is the difference
Statement of Financial
Position?
The only difference is that the reduce its expenses while gaining
other is presented vertically profits, there is potential
while the other is presented that my investment will grow. I
horizontally.
1. What do you think is the CL
importance of presenting financial
statements to investors?
Financial statements are important
to investors because these
company's position and
performance. It is one of the
accurate and objective ways to
present the potential of a business
organization to earn, create
wealth, and pay off its
obligations.
2. If you were part of the group of
investors, how can you say it is
worth investing in a
company?
investing in a company with a
stable income is worth it. If
the company can minimize or
would not invest in a company
with barely significant
income compared to its assets and
liabilities.
3. Why is it essential to present
financial information appropriately
and according to
established standards?
It is essential to present financial
information appropriately for the
intended users to
understand and make sound
business decisions. Presentation
according to established
standards is also vital because it
ensures appropriateness and
conformance, as well as

E. Discussing new concepts and
Practicing New Skills #2
F. Developing Mastery
(Leads to formative Assessment 3)
G. Finding practical applications of
concepts and skills in daily living
H. Making generalizations and
abstraction about the lesson
I. Evaluating Learning
comparability with the financial
information of other businesses in
the same industry.
There are two forms of The Statement of Comprehensive
Statement of Financial Income (SCI) is a financial record
Position: report form and that presents a business's
account form. performance in terms of
Because major business
profitability. It may include both
decisions are based on the
The report form is presented the Income Statement and Other
financial statements prepared
vertically for easier Comprehensive Income (OCI).
by an accountant, one cannot CL
comparison of SFPs from
emphasize enough the
other years. On the other
importance of preparing
hand, the account form is
accurate financial statements.
presented horizontally,
dividing the Statement of
Financial Position into two
columns: the ass
For users of accounting
information, viewing, assessing,
Among the other functions of an
and analyzing a company's
SCI, it primarily acts as an
financial statement can help
investment analysis tool and a
them make an informed Current assets should be
summary of a business's revenue
business decision. One of the listed first before non-current
information. The limitations of an . CL
financial statements that can assets; the same applies to
SCI revolve around
show a company's ability to pay Liabilities.
misrepresentation due to the
its short-term and long-term
accrual method and difficulties in
debts is the Statement of
estimation.
Financial Position (SFP).
1. Why is the single-step
approach ideal for small
Check Your Progress What is the difference
service businesses?
Why do Statements of Financial between the report form and
Position for sole proprietorships the account form of a CL
2. How do the elements used in
only have one entry in the Statement of Financial
the single-step approach SCI differ
owner’s equity section? Position?
from those in the
multi-step approach?
A. True or False. Write true if True or False. Write true if Matching Type. Match the words in
the statement is correct. the statement is correct. column A with the words in column CL
Otherwise, write false. Otherwise, write false. B.
Write an essay? 1. How much is Ms. 1. Why do accountants need to
CL
What is the difference between Han’s Capital as of prepare the Statement of
 January 31, 2022? Comprehensive Income?
What are its uses, functions,
2. Prepare the report and limitations?
form of DH
Merchandising’s 2. What are the two
Statement of approaches used in preparing
Financial Position. Put the Statement of
your answer on the Comprehensive
the report form and the account
space provided. Income? Why are these
form of a Statement of Financial
approaches important in
Position?
preparing the SCI?

3. Why is it important to
differentiate between
operating and non-operating
expenses?
What decisions can a business
make from this information?
J. Additional activities for application
Or remediation Advance Study Advance Study Advance Study CL
V. REMARKS

VI. REFLECTION

A.No. of learners who earned 80 % in

the evaluation
B.No. of learners who require additional
activities for remediation
C. Did the remedial lessons work? No.
of learners who have caught up with
the lesson
D.No. of learners who continue to
require remediation
E. Which of my teaching strategies
worked well? Why did this work?
F. What difficulties did I encounter that
my principal or supervisor could have
helped me solve?
G. What innovation or localized
materials did I use/ discover that I wish
to share with other teachers?
Prepared by:

MARC BERNELLE G. BUHALE

Subject Teacher

Approved:

EDUVIGIS G. GANDIONCO

Secondary School Principal