Region XI Grade Level 12

GRADE 8 Teacher HANELYN H. Learning FUNDAMENTALS

DETAILED ESCALONA Area OF
ACCOUNTANCY
LESSON BUSINESS AND
PLAN MANAGEMENT 2
Teaching
Dates and NOVEMBER 16,2021 Quarter FIRST
Time
I. OBJECTIVES
A. Today’s Lesson At the end of the lesson, the students will be able to:
Objectives 1. Identify the accounts that elements of the financial positions.

B. 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.
C. Performance The learners shall be able to… solve exercises and problems that require
Standards 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.
D. Learning
Competency The learners… 1.) Identify the elements of the SFP and describe each of
with LC code them.
ABM_FABM12-Ia-b-1 2.) Classify the elements of the SFP into current and
noncurrent items ABM_FABM12-Ia-b-2 3.) prepare the SFP of a single
proprietorshipABM_FABM12-Ia-b-3
II. SUBJECT MATTER
Topic: STATEMENT OF FINANCIAL POSITION

III. LEARNING RESOURCES

A. References
A. Learner’s Fundamentals of Accountancy, Business and Management 2
Materials pages Edition 2017, Author: Flocer Lao Ong and Janelle Gomendoza
Pages 25-31
B. Additional Fundamentals of Accountancy Business and Management 2
Materials from Grade 12: Module 2 First Edition, 2021
Learning
Resource (LR)
portal
B. Other Learning Laptop, PPT, Modules
Resources
IV. PROCEDURES

TEACHER’S ACTIVITY STUDENTS’ ANNOTATIONS

ACTIVITY

A. INITIATORY PHASE
1. Opening Prayer

Requesting everyone to please stand for the (The students

prayer will all stand and
(PPT presentation) will start the
prayer)

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 2. Greetings

Good morning class! (Good morning Good morning

(Magandang Umaga) (Madyaw Maselem) Ma’am Hanelyn!
(Maayong Adlaw)

I hope you’re doing fine and healthy and may you

be filled with much positive vibes as we face our
own little battles with God’s guidance.

How are you today class?

Great! So am I. Thank you. Please arrange your chair We’re fine

properly, check you’re surrounding if there are trash Ma’am! How
please put it in our garbage bin. Turn off or put your about you?
cellphone in silent mode. Put in your bag. All set? Thank you
Ma’am!!
Please be seated.

Checking of Attendance

I would like to ask our Secretary, please report

the class attendance, if there is any absent from
the class today physically and virtually? Secretary: Ma’am
all are present.
Before we proceed, we must follow the health
protocols: observe physical distancing at all
Yes, Ma’am!
times, wear mask and face shield if necessary.
Use alcohol or sanitizer if needed for your safety
as well.

To avoid disruption of the whole class, please

make sure that you have the necessary
materials needed for today’s class like ball pen,
pencil, and notebook/answer sheets, and please
be reminded to keep away things/stuff like your
cellphone which is unrelated to our subject. Yes, Ma’am!
Is that clear?

Make sure you are in your comfortable position Students are

and condition Those who are near sighted and transferring their
hearing impaired please transfer to the front seats.
seats.
None Ma’am!
Any concerns before we continue our lesson for
today?

3. Drills/Energizer
Who am I?
I will present the thing I am holding and you will
guess the name before you run out of time. Got Yes Ma’am.
it? You only have 5 seconds to guess the answer.

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4.

Dahlia: Our lesson

yesterday is about solve
exercises and problems
that require
preparation of
Statement of
Comprehensive Income
for a service business.

INDICATOR 8
Design, adapt, and
implement teaching
strategies that are
responsive to learners
disabilities, giftedness
and talents.

MOV: The teacher will

use differentiated
activities to meet
learners with varying
talents.

Indicator 6
Maintain learning
environments that
nurture and inspire
learners to participate,
cooperate and
collaborate in
continued learning.

MOV: The teacher

Yes, Ma’am. group the students into
two or by pair (Think-
pair-share) to maintain
learning environments
that nurture and inspire
learners to participate,
cooperate and
collaborate in
continued learning.

INDICATOR 7
Apply a range of
successful strategies
that maintain learning
environments that
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4. Review motivate learners to
work productively by
assuming responsibility
Good day, students! Before we proceed to our for their own learning.
topic, let us have a short review of our past MOV: The teacher
lesson which will give you a big help in used a timer present in
understanding our new topic. What is our lesson the class and the
teacher gives 5
yesterday Dahlia? minutes to the learners
to finish it. Because of
this the teacher was
able to create a
learning environment
for the learners to have
active engagement and
5. Motivation self-motivation to finish
this activity
Class do you love to draw or take pictures? I
INDICATOR 4
want you to identify only one example of Assets, Establish safe and
Liabilities and Owner’s Equity. secure learning
environments to
enhance learning
through the consistent
implementation of
policies, guidelines and
procedures

MOV: The teacher

consistently reminding
the students to follow
the health protocols.

Group yourselves into two “Think-pair-share”

Share your ideas to your partner.

INDICATOR 4
Establish safe and
secure learning
environments to
enhance learning
through the consistent
You only have 5 minutes to answer the activity. implementation of
policies, guidelines and
procedures
Are you ready?
MOV: The teacher
consistently reminding
the students to safe
and secure learning
environments.

INDICATOR 5
Maintain learning
environments that
Possible answers. promote fairness,
respect
Xian: These are our and care to encourage
collaborative ideas from learning.
this activity. We
identified it by taking MOV: The teacher
pictures and drawing.. encouraged the
learners not to be
Our asset is cash, while nervous and believed

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 our liabilities is bank that the learners could
loan and lastly our answer it.
Again, we must follow the health protocols: owner’s equity is
observe physical distancing at all times, wear proceeds from sale of
mask and face shield. stock. (presenting the
INDICATOR 3
pictures and drawing) Use effective verbal
….. and non- verbal
That’s all ma’am. classroom
communication
strategies to support
learner understanding,
participation,
engagement and
achievement.

MOV: The teacher

used spoken words
“The more you know, the less you know” and used non-spoken
messages that include
gestures (teacher
smiled), body
movements, and
Kate: Yes Ma’am.. postures.
Learning objectives
or our todays target
are the following…….

Everybody please keep quiet.

To avoid disruption of the whole class, please
make sure that you have the necessary materials
needed for today’s class like ball pen, pencil, and
notebook/answer sheets, and please be
reminded to keep away things/stuff like your
cellphone which is unrelated to our subject.
Is that clear?
Yes, ma’am.
Time is up. Kindly present your answer.

Class, don’t be nervous and feel free to express your

ideas. Don’t hesitate to share it to the class. “It’s better
to try and fail than fail to try”
.

Indicator 2
Display proficient
use of Mother
Tongue, Filipino and
Yes Xian. Kindly present your output. What did you English to facilitate
teaching and
choose take a pictures or draw a scenario? learning.

MOV: The teacher

used of Filipino
language to facilitate
Jake: Financial teaching and
statements is the learning. Some parts
structured of the lesson were
representation of an translated and
entity’s financial explained in favor to
Very good Xian. Excellent answer. position which is learners’

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 balance sheet and understanding
B. DEVELOPMENTAL PHASE results of its
operations which is
Introduce the Learning Objectives: the statement of
performance. These
are product of the INDICATOR 3
It seems we are already warmed up. Let’s begin our Use effective verbal
accounting process.
topic, Kate kindly read our learning objectives for and non- verbal
classroom
today’s lesson. communication
strategies to support
learner understanding,
participation,
engagement and
achievement.

MOV: The teacher

used spoken words
and used non-spoken
messages that include
gestures (teacher
smiled), body
1. Activity movements, and
postures.
Before we start our lesson let’s have activity.

Direction: Group into two in one group “Think-pair-

share. Rearrange the jumbled letters to name the
important words. You only have 3 minutes to answer
the word puzzle. Are you ready?

Panuto: Bumuo ng dalawang miyembro sa isang

grupo. Ayusin ang mga jumbled letters upang mabuo
ang mga salita. Meron lamang limang minuto para
sagutan ang gawain.
Shane: The three
elements of Financial
Positions are Assets,
Liabilities and
Equity.

Rita: Assets are

resources you
control that have
resulted from past
events and can
provide you with the
I will you show the lesson in Ms powerpoint. Are you
future economic
ready class? Let’s us begin.
benefits.

In accounting, we have Statement Of Financial Position

and under it is Financial statements.

Yes, Jake what is Financial statements?

Halsey: Liabilities
are your present
obligations that have Indicator 2
Display proficient use
resulted from past of Mother Tongue,
events. Filipino and English to
facilitate teaching and

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 learning.

MOV: The teacher

used of Filipino
language to facilitate
teaching and learning.
Some parts of the
lesson proper were
translated and
explained in favor to
learners’
understanding.

Morisette: Equity
means assets
minus liabilities.
Very Good Jake. Aside from that the Financial Other terms for
statements are one of the financial reports submitted equity are
by the company to the users of information such as capital, net
banks and other financial institutions. They are called
assets, and net
permanent because of their existence is continuous
and the balance is forwarded to the next accounting worth.
period.

Furthermore, in Financial Positions we have three

elements.

What are the three elements Shane?

What is Assets Rita?

INDICATOR 1
Apply knowledge of
content within and
None, Ma’am. across curriculum
teaching areas.

MOV: The teacher

apply knowledge of
Very Good Rita, in simple terms in Filipino, it is content within and
translated as “Ari-arian” We have also two kinds of Yes, Ma’am. across curriculum
teaching areas.
Assets. These are Current and Non-Current while the (Mathematics)
kinds of
Under current assets are cash, receivables, Inventories
and prepaid expenses. Non-current assets include
Land, Building Equipment and furniture and their
accumulated depreciation.

How about Liabilities Halsey? Possible answers:

Kaira: In our own

opinion, it is
important to
determine the family
Very Good Halsey. In simple terms in Filipino, it is
needs in the form of
translated as “Panangutan”. Same with Assets, Asset, Liabilities And

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Liabilities also have two kinds, these are Current and Owners Equity to
Long-Term Liabilities. For Current Liabilities includes buy only the
Accounts Payables and Notes Payable and for the Long- important and the
basic needs of the
Term
family or buy assets
Liabilities.
that has economic
benefit in the future,
Lastly, what is equity Morisette? when you don’t have
cash do not borrow
money just to
acquire it. However,
if you have more
than enough for your
family, why not
think of donating
Very Good Morisette. Equity or Owner’s Equity is also something for the
defined as the proportion of the total value of a less fortunate
company’s assets that can be claimed by its owners specifically this
(sole proprietorship or partnership) and by its pandemic situation.
shareholders (if it is a corporation).

It is calculated by deducting or subtracting all

liabilities from the total value of an asset.
(Equity = Assets – Liabilities).
Kurt:In this activity the
Examples of equity are proceeds from the sale of stock, students classify and
returns from investments, and retained earnings. compute the elements
Liabilities include bank loans or other debt, accounts of statement of
payable, product warranties, and other types of financial position to
commitments from which an entity derives value. solve the financial
problem and balance
the assets to liabilities
Before we proceed to our activity, do you have and expenses.
questions?

2. Analysis

Group into two in one group “Think-pair-share”.

You only have 5 minutes to answer the following
questions. Are you ready?

1. Why is it important to determine the family needs in the

form of Asset, Liabilities and Owners Equity?

Yes Kaira and Jake.

INDICATOR 1
Apply knowledge of
content within and
across curriculum
teaching areas.

MOV: The teacher

apply knowledge of
content within and
across curriculum
teaching areas.
(Mathematics)

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 Possible Answers:

Very good Kaira group.

2. How these elements of financial position affects the

family financial position?
Yes, Kurt and Sara.

Very good Kurt group.

3. Abstraction.

We have another activity to enhance your Critical

Thinking Skills. The activity is called “Solve for the
unknown” In answering the problems you must recall
the kinds of assets and liabilities account and their
examples.

I want you class to do the following task again by pair.

Make sure to answer them correctly in 10 minutes.

Indicator 9
Yes, Ma’am. Adapt and use
culturally appropriate
teaching strategies to
Answers may address the needs of
vary in each learners from
indigenous groups.
ethnic group
practices and
MOV: The teacher
experiences. adapt and use
culturally appropriate
teaching strategies to
address the needs of
learners from
indigenous groups.

Indicator 6

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 Maintain learning
environments that
nurture and inspire
learners to participate,
cooperate and
collaborate in
continued learning.

INDICATOR 7
Apply a range of
successful strategies
that maintain learning
environments that
motivate learners to
work productively by
assuming responsibility
for their own learning.

4. Application.

Direction: Group into five according to your Ethnic

group (Tagacaolo, B’laan, Manobo and Muslims Ethno
linguistic groups) Explain each ethnic group the
practice on how to manage household needs in
financial aspect based on Assets, Liabilites and Equity.
(Let the group present their tribe perspective.)

You only have 15 minutes to collaborate your ideas.

Are you ready?

V. EVALUATION
(Oral Recitation) Students will be asked to answer the following statements either True or
False.
1. Statement of Financial position is one of the financial reports submitted by the
company to the users of information such as banks and other financial institutions.
TRUE
2. Statement of Financial position is called temporary because of their existence is
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 continuous and the balance is forwarded to the next accounting period.. FALSE
3. The elements of financial position are assets, liabilities and owner’s equity account.
TRUE
4. Under non-current assets are cash, receivables, Inventories and prepaid expenses.
FALSE
5. Current Liabilities includes Accounts Payables and Notes Payable and for the Long-
Term Liabilities. TRUE

VI. ASSIGNMENT
Read in advance the Elements of SCI and describe each of
them and Prepare a SCI for a Service Business using a
single-step approach. (ABM_ FABM12-Ic-6)

Prepared by:

HANELYN H. ESCALONA
Teacher II

Checked and Observed by:

ANA THERESA B. TOCMO

Master Teacher I

DR. SILVANO M. CAMILLO JR.

Assistance School Principal II

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