DATE

I.

OBJECTIVES

1. Define accounting and

know its purpose
2. Differentiate the types of
Business Organization
II. SUBJECT MATTER
A. Topic: Fundamental
Concepts and
Principles
B. Reference:
Fundamentals of
Accounting textbook
for beginners
C. Materials
Whiteboard
Whiteboard marker
Visual aids

SEMI-DETAILED LESSON PLAN IN T.L.E. 10

III. PROCEDURE

IV. EVALUATION
Classify the following
as to Single
Proprietorship,
Partnership or
Corporation.
1. Laguna Goodwill
B. Lesson Proper
2. Metrobank
1.
Presentation/ Introductory Question/s:
3. English Style
Whenever you hear the word Bookkeeper What comes into your mind?
4. Jollibee Foods
Do you know that a bookkeeper works not in a library but in a company?
5. UECS
Therefore, what is the role of a bookkeeper?
6. SM Group of
2. Development/Discussion:
Companies
In what area of a business does bookkeeping belongs? What is accounting?
7. C & E Publishing
What are the four aspects of accounting? Who are the parties interested in the 8. NU-Print
financial information of a business? What are the types of business organization? 9. D.I.Y. Shop
3.
Formulation of Conclusion:
10. Mercury Drug
Bookkeeping is the recording aspects of accounting. Accounting is defined as the
systematic process of measuring and reporting relevant financial information about
the activities of an economic organization. Its function is to provide quantitative
information that is useful in making economic decisions. The four aspects of
accounting are recording, classifying, summarizing and interpreting. Parties
interested in the financial information of a business are the government,
employees, financial institutions or creditors, management and the investors,
owners and stockholders of a certain business organization. There are three types
of business organization. Single proprietorship, owned and managed by only one
person. Partnership owned and managed by two or more people who agree to
contribute money, property or industry to a common fund for the purpose of
earning a profit. And corporation, a form of business organization managed by an
elected board of directors.
A. Preparation:
Prayer
Greetings
Checking of Attendance
Orientation of Classroom Rules of Conduct and Course Requirement

V. AGREEMENT
Name 10
business
establishment
located in Sta.
Cruz, Laguna.
Classify them
based on the
nature of their
operation.

July 03
2015

3. Distinguish the different

types of business
operations
4. Know and appreciate the
basic accounting
principles used in the
practice of accounting

III. SUBJECT MATTER

D. Topic: Fundamental
Concepts and
Principles
E. Reference:
Fundamentals of
Accounting textbook
for beginners
F. Materials
Whiteboard
Whiteboard marker
Visual aids

C. Preparation:
Prayer
Greetings
Checking of Attendance
Orientation of Classroom Rules of Conduct and Course Requirement
D. Lesson Proper
4.
Presentation/ Introductory Question/s:
We have discussed about the three types of business organization. For today let
us classify business establishments on the nature of their operations.
5. Development/Discussion:
What are the three types of business operations? How do transactions of these
businesses differ from one another? What is a transaction? How do businesses
keep records of their transactions? What are the basic principles governing the
accounting system of a business organization?
6.
Formulation of Conclusion:
Business operation can be classified into three types, service, trading or
merchandising and manufacturing. Transactions in a service type of business
focused in the rendering of services. In trading or merchandising, transactions are
characterized by buying and selling of goods while the manufacturing type is
engaged in the production of items to be sold.
Businesses classify and summarize their transactions through different methods.
These methods comprise the accounting system and are guided by basic concepts
and principles in accordance with GAAP.

Classify the following

as to Business
transaction or
Business Activity
1. Application for a
business permit
2. Hiring of employees
3. Payment of utilities
4. Purchase of
equipment
5. Application for a
bank loan
6. Collections from
cash customers
7. Bank deposits
8. Booking for a guest
9. Partial payment from
a guest.
10. Purchased of extra
beddings.

5. Recognize transactions
in a service business
6. Identify source
documents as bases for
recording business
transactions
7. Identify the basic
elements of accounting
8. Recognize the
importance of source
documents in recording
transactions.
IV. SUBJECT MATTER
G. Topic: BUSINESS
TRANSACTION FOR
A SERVICE
BUSINESS
H. Reference:
Fundamentals of
Accounting textbook
for beginners
I.

Materials
Whiteboard
Whiteboard marker
Visual aids

E. Preparation:
Prayer
Greetings
Checking of Attendance
Orientation of Classroom Rules of Conduct and Course Requirement
F.

Lesson Proper
7.
Presentation/ Introductory Question/s:
Previously, we describe the responsibility of a bookkeeper. That is to record
transactions of a business. But before going to the recording process, let us first
understand and analyze what business transactions are. How can we determine
that a certain activity or event is a recordable business transaction?
8. Development/Discussion:
What are the measures that qualify business activities to be recorded as business
transactions? How can we classify business transactions? What are the elements
of accounting? What are the source documents that serve as bases for recording
such transactions?
9.
Formulation of Conclusion:
A business transaction is an activity or event that can be measured in terms of
money and which affects the financial position or operations of the business entity.
It is an activity that has an effect on any of the accounting elements
assets, liabilities, and capital. Transactions may be classified as exchange
and non-exchange. Exchange transactions involve physical exchange such as
purchasing, selling, collection of receivables, and payment of accounts. Nonexchange transactions are events that do not involve physical exchanges but
where changes in monetary values are determinable, e.g. wear and tear of
equipment, fire loss, typhoon loss, etc. To qualify as an accountable/recordable
business transaction, the activity or event must:1. Be a transaction involving the
business entity 2. Be of a financial character (in a certain amount of money) 3.
Have a dual or "two-fold" effect on the accounting elements and 4. Be supported
by a source document. A source document refers to the sort of paper trail
generated to back up the accounting records. It describes all the basic facts of the

Answer the following

question.
1.

How can a
business
activity be
identified as a
recordable
business
transaction?
2. Differentiate
exchange from
non-exchange
business
transaction.
Give 3
examples for
each.
3. Explain the
importance of
source
document in
recording
transactions.
4. What are the
basic elements
of accounting?

Study the rules of

debit and credit
and the use of T
account.

transaction such as the amount of the transaction, to whom the transaction was
made, the purpose of the transaction, and the date of the transaction. Examples of
source documents are cash receipt
Sales invoice, purchase order, and payment voucher.