Republic of The Philippines
Department of Education
REGION VI- WESTERN VISAYAS
SCHOOLS DIVISION OF SIPALAY
JACINTO MONTILLA MEMORIAL NATIONAL HIGH SCHOOL
LESSON PLAN
Learning Area: Fundamentals of Accounting, Business Grade Level: Grade 12
and Management 2
Quarter: First Semester Duration: Teachers Discretion
At the end of the lesson, students should be able to:
I. Prepare the SFP of a single proprietorship (ABM_FABM12-Ia-b-3)
OBJECTIVES 1.1. Calculate owner’s equity and net worth, and identify items that fall into each
category.
1.2. Prepare an SFP using the report form
1.3. Prepare an SFP using the account form
TOPIC Preparation of Statement of Financial Position
The Statement of Financial Position is a report based on the basic accounting equation:
CONCEPT Assets = Liabilities + Owners Equity. In the equation are the three major accounting
elements of the SFP. The basic accounting equation reflects the elements of the
Statement of Financial Position. The two acceptable formats used in the preparation of
the SFP are the account form and the report form. The Account Form easily shows the
accounting equation. The SFP is balanced, and it separates Assets from Liabilities and
Equities. The Assets are reported on the left and Liabilities and Equity are presented
on the right. The Report Form of the SFP shows asset accounts first and then liabilities
and
owner’s equity accounts after.
MATERIALS Laptop, Projector, Chalkboard, Chalk and Worksheets
Teacher’s Guide: Accountancy, Business and Management 2, pages 1-18
Learner’s Manual: Fundamentals of Accounting, Business and Management 2
RESOURCES Quarter 1- Module 1
Other Learning Resources: Fundamental Accounting Principles, John Wild, 24th
Edition
PROCEDURES
Review Call out students who will Explain about what they have learned from the
previous lesson about Financial Statement.
Motivation • Direct instruct the students with the help of PowerPoint.
• Show the logo of Apple Inc. and McDonald’s and ask the students what the
logos represent and what they know about it
• Tell the students what I know about Apple and McDonald’s, specifically Balance
Sheet information
Students answer what they know about Apple Inc. and McDonalds Corp.
LESSON
PROPER
Activity Please refer to Fundamentals of Accounting, Business and Management 2 Quarter 1-
Module 1, page 28 “What’s More”
Analysis The teacher on this part will ask further and will also lead as a facilitator rather than
mere lecturing and sharing facts and ideas. The students know gains a wider view of
the lesson but at the same time draws closer to the main topic. The teacher will
introduce the concept of the lesson and they will relate it based on the activity.
What are some of the characteristics of non-current items?
What are the common characteristics of current items?
Abstraction What is a Statement of Financial Position?
What are the Elements of SFP?
What formula or equation we are using when making the statement of
financial position?
Applicatio Process Question:
n Why do you think that it is important for your business to prepare for
Statement of Financial Position?
EVALUATION Please refer to Fundamentals of Accounting, Business and Management 2 Quarter 1-
Module 1, page 31 “Assessment”
ASSIGNMENT
Prepared by:
Cherry Faith A. Tulmo
SST- II
