A Detailed Lesson Plan in Fundamentals of Accounting 1

LEARNING ENDSTATES:

What skills and competencies, values and attitude (7 self –mastery skills) are being developed? To
what degree should students be assed?
The learner
 Learning to THINK: Learn the nature of transaction in the manufacturing business.
 Learning to DO: Prepare journal entries related to manufacturing business.
 Learning to FEEL: Understand the importance of accurate classification of manufacturing cost.
 Learning to COMMUNICATE: Present ways on how to classify assets, liabilities and owner’s
equity in a manufacturing business.
 Learning to INTUIT: Reflect the various manufacturing inventory accounts.
 Learning to LEAD: Promote proper preparation of statement of cost of goods manufactured.
 Learning to BE: Accounting Specialist/ Bookkeeper/innovative Manufacturer

II. ESSENTIAL QUESTION:

III. MATERIALS, METHODS, AND ACTIVITIES

Materials Methods Activities

E module Quiz
Power point slides about
manufacturing type of business
Computers/ laptops, e-module
about merchandising business
Printed business activities
Brainstorming
Lecture Method / Oral sharing
ICT-based learning, think and
compute
Reflective Presentation
Review Activity:
Merchandising
Interactive Discussion
Answering oral questions
about the topic
Answer questions to
strengthen knowledge about
merchandising business.
Balancing transactions

IV. RUBRIC FOR ASSESSMENT

V. INSTRUCTIONAL PHASES
Teacher’s Activity Student’s Activity
Routinary Activity

Trisha, could you please lead the prayer? Let us bow our head and feel the presence of
the Lord

Merciful Father,
Grant us as we pray you,
Earnestly to desire,
Prudently to study,
Rightly to understand and
Perfectly to fulfill
All that is pleasing to you,
For the grace and glory of your name
May we eagerly seek the truth
Resolutely do justice in our lives
And be unceasingly filled our hearts
With compassion for all our sons and daughters
And in all things may be glory
AMEN

Good morning class Good Morning Mr. Catabay

 Mabuhay, Amazing!
Kindly take your seat.

Based on our seat plan, absent are (mention names Possible response:
of absent students if there is any. If no absent, Future Accountant
appreciate the class) Future Engineer
Future Doctor
Future Beauty Queen

Denver and Kenneth are out again for their training Yes Sir!
to R1AA. Kindly help them cope with our lessons
and update them with our activities.

Last week, we finished our discussion with the An interactive PowerPoint presentation will
nature of merchandising business. Before we presented.
proceed with the next topic, let us first review what
we have learned.
-Uses a range of teaching strategies that enhance
learner achievement in literacy and numerical
skills.
-Selects, develops, organizes and uses appropriate
teaching and learning resources, including ICT, to
address learning goals.

You are now familiar with the merchandising
business. You are now ready to level up the nature
of your business. It is the Manufacturing type of
business. Why do you think manufacturing is better
than merchandising? What are the benefits of
running a manufacturing business?
-Applies a range of strategies to develop critical
thinking as well as other higher order of thinking
skills.
-Applies knowledge of content within and across
curriculum teaching areas – Marketing
Merchandising and manufacturing entities earn
revenues by selling goods. A merchandiser
normally buys a product that is ready for resale
when it is received. A manufacturer buys raw
materials and processes them into finished
goods that it sells to customers. Therefore, the
main difference between the two is the way
they acquire inventory for resale.

ACTIVATE (CREATING FOCUS AND PORPOSE)

According to Ralph Waldo Emerson, “A man is
relieve and happy if he puts his heart into his work
and done his best” What do we mean by that?
-Applies a range of strategies to develop critical
thinking as well as other higher order of thinking
skills.
-Applies knowledge of content within and across
curriculum teaching areas – P.E. and Values,
Literature, Organization and Management.
That is why, successful entrepreneurs choose a
business where they can utilized their skills and
apply it to what they love to do.
Sample of personalities who established a
business based on what they love
( Ref. Fortune 500)
Oprah Winfrey - Entertainment
Vicky Belo – Aesthetics
Lebron James – Sports shoes
Erich Gonzales – Housing interiors

That is why it is important to find what makes you

happy and capitalize to it; to develop your business;
and settle for the future.

I formed you into groups, and asked you to develop

a product on your preferences. You will then Students will present their products in a
present that product in a creative presentation creative presentation. Samples, but not limited
highlighting the following key points: to, are talk show, infomercial, sing and dance,
1. How did you come up with that product? etc.
2. What are the materials used?
3. What impact will it do in the market?
4. What pricing technique is considered?
-Uses differentiated, developmentally appropriate
learning experiences to address learners’ gender,
needs, strengths, interests and experiences.
-Manages classroom structure to engage learners,
individually or in groups, in meaningful
exploration, discovery and hands-on activities
within a range of physical learning environments.
-Applies a range of strategies to develop critical
thinking as well as other higher order of thinking
skills.

ACQUIRE

1. IDENTIFYING NORMAL BALANCE OF

ACCOUNTS UNDER BUSINESS
TRANSACTION

Review students on the rules and concept

governing normal balances of different accounting
titles.

Assets normal balance is the left/debit side while

the liabilities and equity have the right/credit
balance.

2. PRESENTATION OF MATERIAL

To better understand our lesson, we shall answer

the following guide questions:
-Uses a range of teaching strategies that enhance
learner achievement in literacy and numerical
skills.

1. What are the elements of manufacturing

cost?
2. What is the difference between prime cost
and conversion cost?
3. What are the different manufacturing
inventory accounts?
4. Prepare the statement of cost of goods
sold.

DISCUSSION
Now, let us answer our guide questions.
1. What are the elements of manufacturing
cost?
2. What is the difference between prime cost
and conversion cost?
3. What are the different manufacturing
inventory accounts?
4. Prepare the statement of cost of goods
sold.
APPLY, PRACTICE, FORMATIVE ASSESSMENT
Manufacturing cost include all cost related to
the production process. They are classified into
three categories.
1. Direct Material
These materials became a physical part
of a finished product. Their cost can be
conveniently and economically
traceable to the finished product.
2. Direct Labor
It is the compensation of employees or
workers who physically convert raw
materials into finished goods.
3. Manufacturing Overhead
This includes all manufacturing cost
that cannot be classified as direct
material or labor. Major classification
of this cost follow:
-Indirect materials
-Indirect labor
-indirect manufacturing cost
Prime cost consist of direct materials and direct
labor while conversion cost consists of direct
labor and manufacturing overhead.
Finished Goods Inventory
It is the cost of completed goods that have
remained unsold at the end of the accounting
period.
Work in Process Inventory
This account gives the cost of the goods that
are in the manufacturing process but are not
yet complete at the end of the accounting
period.
Raw Materials Inventory
This account holds the cost of direct materials
on hand that is intended for use in the
manufacturing process.
Factory Supplies Inventory
It is the cost of unused indirect materials at
period end.
Finished Goods Inventory, beg.
Add: Cost of Goods Manufactured
Equals: Goods Available for Sale
Less: Finished Goods Inventory, end
Cost of Goods Sold
Let us try to apply our theoretical knowledge on the
following questions. Each of you will pick a question
here and try to answer it. Write it on a ¼ sheet of
paper.
-Manages classroom structure to engage learners,
individually or in groups, in meaningful
exploration, discovery and hands-on activities
within a range of physical learning environments.

SUMMATIVE ASSESSMENT, CLOSURE AND REFLECTION

What conclusion can be drawn based on our

discussion of manufacturing business?
What specific part of our lesson you enjoy that
much? Students will raise the lesson they enjoyed and
narrate ideas and concepts for merchandising.
ADDITIONAL ACTIVITIES FOR APPLICATION OR REMEDIATION

For the next lesson, We will prepare the journal

entries to manufacturing activities. Try to analyze
what accounts are affected on the following
transactions.
1. Purchase of raw materials and indirect
materials on account.
2. Defective raw materials returned to
vendor.
3. Payment of account with discount period
4. Freight handling of raw materials
5. Payroll of factory workers.
-Plans, manages and implements developmentally
sequenced teaching and learning processes to
meet curriculum requirements and varied teaching
contexts.
That would be all for now. Thank You Mr. Catabay. We are delighted
See you next meeting!

REMARKS
 RUBRIC FOR GROUP PRESENTATION
Excellent (4) Good (3) Fair (2) Poor (1)
Organization Presentation was Presentation was Presentation Presentation lacked
very organized fairly organized was not clearly organization. Poor
and was very easy and pretty organized. transitions between
to follow. followable. Transition group members’
Transitions Transition might between individual parts.
between group have been slightly members were Presentation lacked
members were discontinuous but jumpy or order and very
planned and did not take away awkward difficult to follow.
executed cleanly. greatly from the
overall
presentation.
Teamwork / The group The group Group Group did not work
Participation worked very well worked well with communicated well together.
with each other each other and relatively well There were obvious
and presentation communicated with a few miscommunications
was shared well. Some lapses in the and lapses in the
equally among members presentation; presentation.
the group participated some students
members. slightly more than dominated the
others presentation and
others did not
participate
much.
Content Group members Most of the group Group members Group members
had a stronghold members has a had only a had little to no
on the content solid superficial understanding of
and content was understanding of understanding of the content
addressed. No the content. content. Several addressed in the
mistakes were Content missing mistakes were presentation.
made with minor elements made during the
regards to or contained presentation.
content minor errors.
knowledge.
 Republic of the Philippines
Department of Education
Region I
Schools Division of Ilocos Norte
LUZONG NATIONAL HIGH SCHOOL
PAGUDPUD

A DETAILED LESSON PLAN IN

FUNDAMENTALS OF ACCOUNTING 1
(Grade 11 – ABM)

Date of Submission: January 31, 2020

Date of Teaching: February 3, 2020

Prepared by:

MICHAEL JOHN C. CATABAY

Subject Teacher

Checked by:

THELMA R. SACSAC
Mater Teacher II

Noted by:

GLADYS A. ACOBA, Ed.D.

School Principal IV