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LESSON PLAN IN FUNDAMENTALS OF ACCOUNTANCY,

BUSINESS AND MANAGEMENT 1
2nd Sem., 3rd Quarter | Date: March 29, 2021
Afternoon: 2:00-3:00 pm

I. OBJECTIVES

The learners demonstrate an understanding of:

A. Content Standard
- the definition, nature, function, and history of accounting

The learners shall be able to:

B. Performance Standard
- identify generally accepted accounting principles.

The learners:
C. Learning
1. Define accounting (ABM_FABM11-IIIa-1);
Competencies/Objective
2. Describe the nature of accounting (ABM_FABM11-IIIa-2);
s
3. Narrate the history/origin of accounting (ABM_FABM11-IIIa-4)

A. Topic: Introduction to Accounting

B. Reference:

Books

Ballada, Win Lu.Basic Accounting: 2-5. Unit 203 KB Arizona Tower,

838 P. Campa St., España, Manila: DomDane Publishers, 2001.
Print
Florendo, Joselito G. Fundamentals of Accountancy, Business and
Management 1:1-6 & 35-46. 856 Nicanor Reyes, Sr. St., 1977 C.M.
Recto Avenue, Manila, Philippines:REX Book Store,2016. Print
Ong, Flocer Lao. Fundamentals of Accountancy, Business and
Management 1 for Senior High School: 2-5. 839 EDSA, South
Triangle Quezon City, Philippines: C & E Publishing, Inc., 2016.
Print.
Tugas, Florenz C., Herminigilda E. Salendrez, Joy S. Rabo.
Fundamentals of Accountancy, Business and Management 1: 1-11
& 20-24. Ground Floor, Bonifacio Bldg., DepEd Complex Meralco
Avenue, Pasig City, Philippines 1600: Department of Education,
Bureau of Learning Resources (DepEd-BLR), 2016. Print
Commission on Higher Education, Teaching Guide For Senior High
School Fundamentals of Accountancy, Business, And Management
1, 2016: 1-6 & 12-19. Web

Website

II. SUBJECT MATTER Introduction to Accounting. Lumen Learning, 2020

https://courses.lumenlearning.com/boundless
accounting/chapter/what-is-accounting. Accessed 26 January 2021.

Fundamentals of Accountancy, Business, and Management 1:

Introduction to Accounting. Monzone 2020
https://monzononline.wordpress.com/chapter-1-introduction-to-
accounting. Accessed 26 January 2021.

Balatar, Anthony F. Jr. “Introduction to Accounting”

https://www.coursehero.com/file/p4j7rv18/2-Protecting-properties-of-
the-business-3-Communicating-results-to-various. Accessed 26
January 2021.

Business Management 1-3. Quizlet 2020

https://quizlet.com/424100417/business-management-1-3-flash
cards/?funnelUUID=004421bf-f946-49b0-9267-3ef215f07f28. Accessed
27 January 2021.

HighnessOxide7283. “Fundamentals of Accounting-Nature of

Accounting”
https://www.coursehero.com/file/52094873/FUNDAMENTALS-OF-
ACCOUNTINGdocx. Accessed 27 January 2021.
C. Materials: Activity Sheets, Cartolina, Pentel Pen, and Meta cards

D. Values Integrated:
Accounting creates values by maintaining transparency of accounts.

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The role of accounting in creating values is stated below;
1. Religious bindings
2. Character
3. Economy and saving tendency
4. Self-confidence and self-reliance
5. Carefulness in paying loan
6. Discouraging black marketing
7. Discouraging fraud and forgery
8. Discouraging hoarding

So, the person or organization concerned refrains from doing these

activities which is mentionable as indirect influences of accounting.

Being accountable to others for one’s actions is called

accountability. Man is used to leading a social life. People living in
society are accountable directly or indirectly to some other
person/persons or organizations.

III. PROCEDURE
(This is the lesson A. Preliminary Activities-
proper.) 1. Prayer
2. Greetings
3. Energizer
4. Checking of Attendance
5. Recall Classroom Rules

B. Developmental Activities
1. Review-
Ask the students if they have knowledge in accounting.
Ask the learners the following questions:
a. Do your parents ask how you spend your allowance every day?
b. When deciding between buying a bottle of soft drinks or fruit
juice,
what is the basis of your decision? Do you compare the prices of
both and then decide?
c. When going home, do you sometimes choose to walk from school
rather than riding a jeepney because you want to save?

C. Motivation
Ask the learners “Is accounting important to you?”. Leave this
question unanswered. Remind the learners that I will ask this
question again after I discuss the introduction to accounting.

D. Activity
Activity I:(20 minutes) Fill Me In
Materials: Cartolina, pentel pen
Instruction:
1. Group the students into two.
2. Let them supply the missing term (word or phrase) that is
being
described to complete the thought of each statement (10
minutes).
3. Each group will present and report to the class their outputs
(10
minutes).

E. Analysis
(10 minutes) Discussion (PowerPoint presentation)
1. What is accounting?
2. What is the basic function of accounting in business?
3. What is a relevant economic event? Give examples of relevant
economic events.
4. What is the nature of accounting? Describe each feature of
accounting and give specific examples on how each feature is
applied in the daily operations of a business.
5. When is accounting started?

F. Abstraction
(10 minutes) Generalization
1. Do you agree: “Accounting is vital to the success of a
business?”. Explain.
2. Why is accounting often referred to as the language of
business?

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3. Give a concrete example on how you can use accounting in
your daily life.

G. Application
(10 minutes) Let each student do the activities:
1. Make a tracking of your cash flows (inflows & outflows).
2. Write the subject area in the first semester that you got a low
grade. Make an action plan on how to improve your grades in
the second semester.

(10 minutes) Let each student answer the questions:

A. Multiple Choice
_________1. Which of the following is NOT a step in the accounting
process?
A. Identification
B. Communication
C. Recording
D. Verification
_________2. Which of the following is NOT a relevant economic event?
A. An agent who attended to the concern of a
complaining customer
B. Patricia, manager of Company X, who sold an
abandoned building of her company
C. Company Y which borrowed P5M from a bank due to
tight financial conditions
D. Company Z which paid its employees their salaries
for
the month of January
_________3. Which of the following does NOT show one of the main
functions of accounting?
A. Fred prepared a report to be submitted to the taxing
authorities.
B. John recorded the purchase of an equipment in the
accounting books immediately after purchase
C. Jason prepares financial reports monthly for the
company’s stakeholders
D. Allen canvassed the price of a sewing machine to be
used in the company’s operations.
IV. EVALUATION
_________4. Which of the following statements describes the accounting
process?
A. It involves identifying relevant economic events
B. Recording economic events is an essential part of the
accounting process
C. The accounting process is not complete if the financial
information is not communicated to interested users
D. All of the above
_________5. Which is the most important step in the accounting
process?
A. Identification
B. Recording
C. Communication
D. All steps are equally important

B. True or False
__________1. Accounting is used by all types of businesses, even
not-for-profit organizations such as charitable
institutions.
__________2. Government agencies have no use for accounting.
__________3. Accounting is often characterized as the “ language
of
business”.
__________4. Accounting is a service activity. Its function is to
provide qualitative information about economic
entities that is intended to be useful in making
economic decisions.
__________5. Luca Pacioli is father of modern accounting.

V. ASSIGNMENT Each student will make an informercial about the history of

accounting.

1. Maximum of 2 minutes.
2. You can use Mother Tongue, Tagalog or English as language.

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3. Wear casual attire.
4. Submit your video presentation only in one file through cellphone,
Flash drive or any of your convenience.
5. Total Points: 20

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