Republic of the Philippines

Department of Education
Region III – Central Luzon
SCHOOL DIVISION OF TARLAC PROVINCE
Paniqui North District
PANIQUI NORTH CENTRAL ELEMENTARY SCHOOL
CIT COLLEGES FOUNDATION INC.
PANIQUI, TARLAC

SEMI-DEATAILED
LESSON PLAN

Prepared by:
Nelson B. Porcioncula Jr.

Checked by:
Nestor B. Castro, Ed.D.
College Dean
 DEMONSTRATION LESSON PLAN

I. Objective:
 Distinguish three basic types of bank accounts.
 Answer why a savings account is one intended to encourage
savings.
 Emphasize a current or checking account is one where you can
write a checks.
 Appreciate a time deposit is a fund maintained with a bank that
earns higher interest compared to a savings account.
 Define and identify the three parties in check
1. Drawer
2. Payee and
3. Drawee

II. Subject Matter:

Basic documents and transactions related to bank deposits.
Distinguishing three basic types of bank accounts.
Answering why a savings account is one intended to encourage
savings.
Emphasizing a current or checking account is one where you can
write a checks.
Appreciating a time deposit is a fund maintained with a bank that
earns higher interest compared to a savings account.
Defining and identify the three parties in check.

References:
Fundamentals of Accountancy, Business, & Management part 2,
pp 161-180, by Rodiel C. Ferrer & Zeus Vernon B. Millan.

Materials:
Laptop, Slide, Book, Flash card

III. Procedure:
A. Preliminary Activities:
1. Prayer
2. Greetings
3. Checking the attendance
4. Checking of Assignments
5. Discussion
Have a discussion on Types of Bank accounts.
 Savings account
 Current of checking account
 Time deposit
Have an explanation on why savings account is one intended to
encourage savings, below are the following reasons;
 Depositor may also opt to receive an automatic
teller machine(ATM).
 Interest on savings deposit is accrued daily based
on the end of the balance
 Normally evidenced by a “passbook”.
 An interest-bearing fund maintained at a bank for
no fixed period of time, and not denominated in
fixed amount.
Have an appreciation on why a time deposit is a fund maintained
with a bank that earns higher interest compared to a savings
account
It is because denominated in fixed amount and
interest-bearing fund maintained at a bank for a fixed
period of time (e.g. 30 days, 60 days, 90 days, etc..) and
ultimately it is higher interest rate
Have a Definition and identify the three parties in check.
 Drawer is the one writing the check and also the
one whose signature appears on the check.
 Payee is the one who is named on the check or the
bearer thereof, and is entitled to payment from the
drawee.
 Drawee is the bank in which the Drawer’s bank
account is maintained.

6. Review
Have a review on Accounting cycle
1. Analyze business transactions
2. Journalize the transactions
3. Post to ledger accounts
4. Prepare a trial balance
5. Journalize and post adjusting entries:
Deferrals/Accruals
6. Prepare an adjusted trial balance
7. Prepare financial statements: Statement
of Comprehensive, Statement of
financial position, and Statement of
owner’s equity
 8. Journalize and post closing entries
9. Prepare a post-closing trial balance

7. Motivation
Prepare and share your own personal slogan!
 Seek a valuable lesson in every
difficulty.
 How do children spell love? T-I-M-E
 Plan you work and work your plan.
This means to think through
work, set priorities and put
the plan into action. Make
clear decision that they begin
to implement immediately,
they do not squander time.

B. Development Activities
1. Presentation
a. An investment of P3,000.00 is made at
annual simple interest rate of 5%.
How much additional money must be
Invested at an annual interest rate of 9% so
that the total annual interest earned is 7.5%
of the total investment?
I P r t
First (3,000)(0.05)=150 3,000 0.05 1
Additional 0.09x x 0.09 1
Total (3,000 + x)(0.075) 3,000+x 0.075 1
First fill in the P, r and t columns with the given values.
Then I multiply across the rows (from the right to the left)
in order to fill in the I column.
Then add down the I column to get the equation 150 +
0.09x=(3,000+x)(0.075).
To find the solution, I would solve for the value of x.

2. Practice
Let the students do solve the problem.

C. Post Activities
1. Generalization
Lead the students to give the following
generalization.
  Types of Bank accounts:
-Savings account
-Current of checking
account
-Time deposit

 Three parties of checks:

-Drawer
-Payee
-Drawee

IV. EVALUATION
Ask students to answer the following.
Types of Bank accounts and explain.
Three parties of checks and explain.
V. ASSIGNMENT
Let students copy their assignment.
Give the definition of the following.
Cash, Account receivable, Prepaid asset, Notes receivable,
Short-term investment and Current assets.