DAILY LESSON LOG/PLAN

Teacher Jovelyn I. Vinluan Grade Level 11

Learning Area Fundamentals of Accountancy, Business and Management 2 Section/s ABM 11
Moncada National HS Teaching Week Week 1, Days 1-4 Quarter 3

DAY MONDAY TUESDAY WEDNESDAY THURSDAY FRIDAY

I. OBJECTIVES
A.Content Standards
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.
B.Performance
Standards
The learners are 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.
C. Learning
Competencies / The learners should be able to:
Objectives o identify the elements of the SFP and describe each of them ABM_FABM12-Ia-b-1
o prepare an SFP using the report form and the account form with proper classification of items as current and noncurrent ABM_FABM12-Ia-b-4
II. CONTENT Statement of Financial Position (SFP)
III. LEARNING RESOURCES
A.References
1. Teacher’s Guide K12 Most Essential Learning Competency (MELC)
2. Learners’ Materials Self-Learning Module –Fundamentals of Accounting Business and Management 2, Quarter 3 – Module 1
3. Textbook Fundamentals of Accountancy, Business and Management 2 by Beticon, Domingo and Yabut. (Vibal Group)
B. Other Learning
Resources n/a
IV. PROCEDURES
A. Reviewing previous The teacher will conduct Review the major topics The teacher will ask the learners The teacher will ask the learners The teacher will ask the learners
Lesson / Presenting orientation and pretest discussed in Fundamentals of what is meant by SFP and briefly to differentiate current assets to differentiate current liabilities
the New Lesson Accountancy, Business and explain its major accounts. from non-current assets. from non-current liabilities.
Management 1 since it is a
prerequisite of this subject. Guide Question: What are the
accounts which are considered
Guide question: Do you still “permanent accounts in the SFP?
remember the Accounting Cycle?
Will you name the steps in order?
B. Establishing a The teacher will introduce the 4 pics 1 word The teacher will read a success
purpose for the topic and present the objectives The teacher will ask the learners story of an entrepreneur in the
lesson of the lesson to guess the picture shown with Philippines and let the learners
the help of the jumbled letters identify what type of
entrepreneur she is.
 B T A I I L I Y

Answer: LIABILITY

C. Presenting examples/ The teacher will ask the learners The teacher will ask the learners The teacher will ask the learners The teacher will ask the learners
instances of the new to answer what account title is how the following pictures of to give words associated with the what is difference of SFP of a
lesson being described. assets differ. word liability. service business from a
merchandising business?
1. It is the most liquid and always
comes first in the list among
assets.
a. Accounts Receivable
b. Land Liability

c. Cash
d. Supplies
2. The debt comes from the
purchase of goods or services on
account.
a. Accounts Payable
b. Notes Payable
c. Mortgage Guide question: Is it possible for a
d. Supplies business to have no liability/ies?
3. A long-term debt of a business Explain your answer.
with collateral in the form of real
properties.
a. Bad Debts
b. Mortgage Payable
c. Accumulated Depreciation
d. Bonds Payable
4. It is a structure, an office, a
store or a factory used by the
business to conduct its
operations.
 a. Building
b. Land
c. Trademarks
d. Merchandise inventory
5. It is an account bearing the
name of the owner and shows
the amount of original and
additional investments made by
the owner.
a. Trademarks
b. Cash
c. Capital
d. Income Summary

D. Discussing new Using a PowerPoint presentation, Using a PowerPoint presentation, Using a PowerPoint presentation, Using a PowerPoint presentation,
concepts and the teacher will present/discuss the teacher will present/discuss the teacher will present/discuss the teacher will present/discuss
practicing new skills introduction to Statement of the 2 major types of assets: First type of Liabilities: Current the SFP Preparation:
#1 Financial Position. Current and Non-current Assets. Liabilities Report form
E. Discussing new Using a PowerPoint presentation, Using a PowerPoint presentation,
concepts and the teacher will present/discuss the teacher will present/discuss
practicing new skills Second type of Liabilities: Non- the SFP Preparation: Account
#2 current Liabilities Form
F. Developing mastery The teacher will flash the The teacher will post pictures of The teacher will ask the learners The teacher will ask the learners:
questions and ask the learners to different assets and the learners to give at least five (5) examples 1. Which of the types of SFP
answer to check if they will answer whether they are of current and non-current formats is used when the
understood the lesson. current or non-current assets. liabilities based on the accounts are listed in a straight
discussion. column from Assets followed by
Liabilities and Equity?
2. Which of the types of SFP
formats is used when when the
accounts are listed with Assets on
the left side of the page while
Liabilities and Owner’s Equity on
right side of the page?
G. Finding practical The teacher will ask the learners The teacher will instruct the The teacher will ask the learners The teacher will ask the learners
applications of the following question: learners to list down all the to answer the following if they are the accountant to
concepts and skills in assets found in the school, and questions: make the SFP of a certain
daily living What do you think is the they will classify them into business, which one do you think
importance of SFP in business current and non-current assets. 1. What is the importance of is better to use? Explain your
entities? having good credit answer.
standing/score?
2. As a student, to whom do you
think you are indebted? How can
you repay them?
H. Making The teacher will ask the learners The teacher will ask the learners The teacher will ask the learners The teacher will ask the learners
generalizations and to define what is SFP and discuss to differentiate current assets to differentiate current liabilities to explain the different types of
 abstractions about its major accounts. from non-current assets. from non-current liabilities. SFP Preparation.
the lesson
I. Evaluating learning The teacher will ask the learners The teacher will ask the learners The teacher will ask the learners The teacher will ask the learners
to answer the following. to answer the activity. to answer the following activity: to answer the activity.
Classify the following liabilities Below are the accounts of Dan
Name the accounts being Based on the activity yesterday, as to current liabilities (CL), or Bam Restaurant for the year
described. list your answers in the accounts non-current liabilities (NCL). ended June 30, 2020. Prepare the
1. _____ are equities or column and classify as to current statement of financial position in
government bonds bought by assets (CA), non-current assets report form and account form.
the business to be held only for (NCA), current liabilities (CL), or
a short time. non-current liabilities (NCL).
2. _____ includes coins, Put a CHECK to classify the
currencies, checks, bank accounts.
deposits and other cash items
used for operations of the
business.
3. _____ is the amount collectible
to customers who made
purchases on account or credit.
4. _____ is the amount of interest
collectible on promissory notes
received from customers and
clients.
5. _____ are assets held long-term
by a business for the growth of
wealth through putting assets in
different baskets where it can
either earn or appreciate in
amount.
6. _____ is the structure that is
used by the business as its
office, store, or factory for its
operations.
7. _____ items or machinery
needed by the business to run
its operations.
8. _____ are debts that come from
purchases from suppliers for
goods or services.
9. ______ are advance payment
from customers who are about
to avail the business’ products
or services.
10. _____ is a long-term debt of a
business arising from
borrowings from an individual or
 another entity by issuing a
certificate of indebtedness.
J. Additional activities
for application of
remediation
V. REMARKS

VI. REFLECTION

FOR REFLECTION: B. Did the remedial lesson work? How many caught up with the lesson ? D. What difficulties did I encounter which my principal or supervisor can help me solve?
A. No. of learners who C. Which of my teaching strategies worked well? Why did this work? E. What innovation or localized materials did I use / discover which I wish to share with
 learned in the evaluation other teachers?
 require additional remediation activities
 continue to require remediation

Prepared by: Checked: Noted:

JOVELYN I. VINLUAN NESTOR M. BAUTISTA, PhD MARIA GRACIA B. LEDESMA

Teacher II Master Teacher I Principal I