Republic of the Philippines

Department of Education
Region III – Central Luzon
Schools Division of Tarlac Province
ANAO HIGH SCHOOL
San Francisco East, Anao, Tarlac
LESSON GUIDE IN FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT
June 6, 2019
I. OBJECTIVES
A. Content Standards 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.
B. Performance Standards The learners shall be able to solve exercises and problems that require
preparation of an SFP for a single/sole proprietorship with proper
classification of accounts as current and noncurrent using the report form and
the account form.
C. Learning Competencies/ At the end of the session, students should be able to:
Objectives 1. Identify the elements of the SFP and describe each of them.
(ABM_FABM12-Ia-b-1)
1. Calculate Total Assets, Liabilities and Capital
2. Examine accounts that would be placed in a Balance Sheet
3. Construct a simple balance sheet when given the names of accounts
II. CONTENT STATEMENT OF FINANCIAL POSITION
III. LEARNING RESOURCES
A. References
1. Teacher’s Guide pages https://drive.google.com/file/d/0B869YF0KEHr7TWtTSGRYMlBVUGM/view
2. Learner’s Manual pages
3. Textbook pages
4. Additional Materials from http://kfknowledgebank.kaplan.co.uk/KFKB/Wiki%20Pages/Preparing%20Bas
Learning Resource(LR) ic%20Financial%20Statements.aspx
portal
B. Other Learning Resources Laptop, Projector, Chalkboard, Chalk and Worksheets
IV. PROCEDURES
A. Reviewing previous lesson What did you learn from the previous discussion?
or presenting new lesson
(REVIEW)
B. Establishing a purpose of  Teacher will begin the class with an ice-breaker by giving two
the lesson accounting jokes for the students to have a laugh
(MOTIVATION)  In the form of review, teacher will have a chart on the board with
the three labels (assets, liabilities, and Capital). Having already
prepared some label strips with different account names, the
teacher will give different students in the classroom a strip for the
student to go and stick on the chart where it belongs and orally
state why they think that account goes under that label.
C. Presenting  Students already knowing how to classify the different accounts
examples/instances of the by name, teacher will assign a number value to each account and
new lesson (PRE-
will ask students to calculate the total value of each group.
ACTIVITY)
“I DO”  Using the structure of an accounting equation (Assets – Liabilities
= Capital), students will find use the math concept of substitution
to find a missing variable.
 Using the accounting equation, place assets on the left side, and
then place liabilities and owner's equity on the right side.
According to the equation, the left side of the balance sheet would
then have to equal the right side of the balance sheet. (Hence the
name "Balance" Sheet
D. Discussing new concepts
and practicing new skills 1
(ACTIVITY PROPER)
“WE DO”
E. Discussing new concepts
and practicing new skills 2
(DEEPENING)
F. Developing mastery
(POST-ACTIVITY)
“YOU DO”
G. Finding practical
applications of concepts
and skills in daily living
(APPLICATION)
H. Making generalizations
and abstractions about the
lesson
(GENERALIZATION)
I. Evaluating learning
(ASSESSMENT)
Divide class into groups of 4’s and each person will be assigned a role in
each group. Providing different accounts the group will have to
calculate the different parts of the balance sheet and label them properly
on a shop paper.
1st person : Calculate Assets
2nd person: Calculate Liabilities
3rd person: Calculate Capital
4th person: prepare the balance sheet format on the shop
paper.
EXAMPLE
Assets Liabilities
Cash $1,500.00 Bank Loan $3,000.00
Equipment 2,500.00 Total Liabilities 3,000.00
Furniture 500.00
Owner's Equity
Capital $1,500.00
_______ _______
Total Assets $4,500.00 Total L & O.E. $4,500.00
======= =======
Show more examples about preparing a Statement of Financial Position.
Each student will be given 6 accounts with a number value and they will
have to prepare a balance sheet.
Make a list of your own asset, liability and investments.
Through questioning students will share with the class what they have
learnt.
Student will be given the following assignment to practice on creating a
balance sheet:
The New Westrac Company in Orange Walk Town, owned by Guy
Albrecht, had the following assets and liabilities on March 31, 2014.
Prepare a balance sheet for the company as of that date.
 Bank, $1,896.00
 Tasty Beverages (debtor), $750.00
 Food Haven (debtor), $400.00
 Metro mall (debtor), $1,235.00
  Supplies, $850.00
 Furniture and Equipment, $75,840.00
 Trucks, $35,000.00
 Land, $50,000.00
 Building, $140,000.00
 Household Finance Company (creditor), $19,345.00
 General Trading Company, (creditor), $2,356.00
 Lightning Electronics, (creditor), $3,378.00
 Bank Loan, $10,000.00
 Mortgage Payable, $75,000.00

J. Additional activities for

application or remediation
(REMEDIAL)
V. REMARKS
VI. REFLECTION
A. No. of learners who earned 80%
in the evaluation
B. No. of learners who require
additional activities for
remediation who scored below
80%
C. Did the remedial lesson 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 these work?
F. What difficulties did I encounter
which my principal or supervisor can
help me solve?
G. What innovation or localized
materials did I use discover which I
wish to share with other teachers?

Prepared by:

GLAIZA D. FLORES
Teacher II

Prepared by:

LIZA D.ESTEBAN
Head Teacher III