IPONAN NATIONAL HIGH SCHOOL SENIOR HIGH SCHOOL ABM-AOM

Iponan, Cagayan de Oro City Grade 11 Organization & Management

Lesson Plan

I. Objective: At the end of the lesson the students should be able to:

a. Explain the importance of a budget plan in a business organization

b. Prepare the a budget plan

II. Subject Matter: Prepare a budget plan

References: K to 12 Basic Education Curriculum Guide
Tibon, Maria Victoria P.; Phoenix Publishing House
Pp.

Materials: LCD Projector

Strategies: 4 A’s

III. Learning Strategies

PREPARATORY
 Greetings/Prayer
 Lesson Preview: Review Test (this will serve as the checking of the attendance)
 Motivation (Ask the students if they experienced receiving rewards from thier
parents, community or school for thier commendable performance)

ACTIVITY (Copying of concept note)

What is a Budget and why does a business need one?

A budget is a financial document used to project future income and expenses
Just as for personal budgets, a business budget is a vital tool to success in
starting and operating a business.

How Do I Create a Budget for My Business?

The process for preparing a monthly budget for your business includes:
 Listing of all sources of monthly income, including sales and interest
 Listing of all required, fixed expenses, like rent/mortgage, utilities, ect.
 Listing of other possible and variable expenses
 Create columns for actual and budgeted income and expenses

Prepared by: Godofredo B. Cadelina, CPA, MBM, Teacher II Page 1

IPONAN NATIONAL HIGH SCHOOL SENIOR HIGH SCHOOL ABM-AOM
Iponan, Cagayan de Oro City Grade 11 Organization & Management

ANALYSIS
Developmental Activity:

Direction: Supposing you are planning to put up a new business, list down the
expenses that you will spent. Categorize it according to the following items:

FIXED COSTS: VARIABLE EXPENSES: ONE-TIME SPENDS

ABSTRACTION
Guided Practice

Note: The teacher/facilitator will present this budget to the class and ask them how they
interpret the budget.

APPLICATION
Closure Activity

Why is it necessary to classify expenses as to variable and fixed?

Prepared by: Godofredo B. Cadelina, CPA, MBM, Teacher II Page 2

IPONAN NATIONAL HIGH SCHOOL SENIOR HIGH SCHOOL ABM-AOM
Iponan, Cagayan de Oro City Grade 11 Organization & Management

IV. Evaluation:

Multiple Choice:
1. What is a budgeting?
a. Having money left at the end of the month.
b. A plan made in advance regarding an expenditure of money based on the available
income
c. Ability to pay your bills on time
d. Having enough money to gout to eat
2. Which of the following is an example of a fixed expense?
a. Food and groceries
b. Mortgage or rental payment
c. Charitable contributions
d. Gas for your car
3. The best way to start your budgeting process is to
a. Start tracking all of the money you spent for a period of time, usually a month, so that
you know where your money goes.
b. Automatically deposit your money into a savings account
c. Pay your credit card balances in full each month
d. Curbing your spending on incidental items such as dining out or entertainment
4. When putting together a budget, which of the following items you should include>
a. Fixed expenses
b. Discretionary expenses
c. Savings
d. All of the above
5. Which is the most likely reason for a budget fail?
a. Buying a pair of shoes you just couldn’t resist
b. Not using a personal financial planning website or software
c. Failing to establish an emergency fund to account for unforseen expenses
d. Not making enough money

V. Assignment

Direction: In a group of three members, prepare a budget plan according to your business
proposal.

Prepared by: Godofredo B. Cadelina, CPA, MBM, Teacher II Page 3