AMADOR-BELLO HIGH SCHOOL

Senior High School

Gangao, Baleno, Masbate

DETAILED LESSON PLAN (DLP)

Date Time Learning Area Grade level Quarter

July 8 , 2019 2:00 - 4:00 PM Fabm 1 12 Amethyst 1st
1. Objectives
The types of business according to activitie, particularly:
A. Content 1. service business
Standard 2. merchandising business
3. manufacturing business
B. Performance The learners shall be able to differentiate the types of business according to activities
Standard list of businesses in their community according to their activities.
C. Learning Learners…..
Competency/ies 1. The learners should compare and contrast the types of business according
to activities.
(Taken from CG) 2. Identify the advantages and business requirements of each type.
Attitude
Values Relate the connection of the types of business according to activities to daily life situation.
II. Content THE TYPE OF BUSINESS ACCORDING TO ACTIVITIES
III. Learning
Resources/Material FABM1 tg. pp. 28-31, www.google.com, FABM1 Quexbook
s/Equipment
Led TV and Laptop for powerpoint presentation, board and chalk

IV. Procedures (Indicate the steps you will undertake to teach the lesson and indicate the number of minutes each steps will c

• Prayer
• Checking of attendance
• Setting classroom standard
• Review the types of business organizations.
A. Introductory 1. Sole/single proprietorship - owned by one person
Activity 2. Partnership - owned by partners (two or more person)
(5
minutes) 3. Corporation - owned by shareholder.

• Emphasize that the business organization differ on the equity side but the accounting of assets a
liabilities are essential the same.
• Tell the learners that this topic, types of business operations, differs in the terms of presentation
statement of comprehensive (income statement) and statement of financial position (balance shee
• Ask the learners to enumerate the business establishment that are common the locality.
• Teacher will give local example and application and ask the learners how the following earn profi
a. Brunos's Barber Shop f. Wash your Problem Laundry Shop
b. Clean Ko Place Mo Cleaning Services g. Breat Pit Bakery
c. Tutorial Services h. Cut and Face Parlor
B. d. Manila Hotel i. Fish Be With You Fish Shop
Activity/Strategy
(10 minutes) e. Chyntia's Food Vendor j. Susan's Roses Flower Shop

• After checking their answers, emphasize that because of the nature of their operations, presenta
of comprehensive income and the content of the financial position may differ from each other poss
Answer: by providing service and selling goods.
 • Introduce the lesson, types of business according to activities.
3 Types of Business Organization
• Service Business - This type of business offers professional , skills, advise and consultation
Examples: barber shops and beauty parlors, repair shops, banks, accounting and law firms
• Merchandising Business - This type of business buys at wholesale and later sells the prod
They make a profit by selling the merchandise or products at prices that are higher than the
purchase costs. This type of business is also known as "buy and sell".
Examples are: book stores, sari-sari stores, hardware stores
• Manufacturing Business - This type of business buys raw materials and uses them in maki
into product, therefore combining raw materials, labour and expensesa product for sale late
Examples are: shoe manufacturing businesses, car manufacturing plants
•Additional information:
C. Abstraction There are businesses that may be classified under more than one type of business. A bakery, for
combines raw materials in making loaves of bread (manufacturing), sells hot pan de sal (merchan
and caters customers’ orders in small coffee table servings of ensaymada and hot coffee (service

• Discuss new concept about the advantages and disadvantages of the types of business organiza
and its business requirements.

• Teacher will ask learners," what do you think is the best type of business? Where and when the e
type of business better than other type of business?"

Group Activity :
1. Divide class into four group.
D. Application 2. Ask the learners to think of five companies/stores who do service, merchandising and manufact
and why those businesses were categorized as service, merchandising or manufacturing.
3. Brainstorm and choose a presentor of each group output.
(indicatewhether it is thru Observation and/ or talking conference to learnes and/ or analy
V. Assessment
learners products and/or tests.)
Directions: identify if it is service, merchandising, manufacturing business or hybrid:

1. Provides services to customers

2. Sells goods to customers
3. Raw materials are available
4. Goods to be sold are purchased from a supplier
5. Goods to be sold are produced by the company itself
Written Test 6. Supplies are used, no goods to be sold
(10 minutes)
7. Bakery
8. Barber shop
9. Cellphone store
10. Abenson appliances
Key Answers (1) service (2) either merchandising or manufacturing (3) manufacturing (4) mercha
(5) manufacturing (6) service (7) manufacturing (8) service (9) merchandising (10) merchandi

(indicatewhether it is for Reinforcement and/or Enrichment and/or Enhancement of the day's

VI. Assignment
Preparation for a new lesson.
Provide local examples, you can use the activity below.
1. Ask the learners to think of five companies/stores who do service, merchandising and manufact
Enrichment
2. Call on a learner and ask why those businesses were categorized as service, merchandising
 Enrichment

or manufacturing.

• lesson was finish until procedure C.It will be continued next meeting.
7. Remarks

6. Reflections
A. No. of learners who learned 80% in
the evaluation

B. No. of learners who require additiona

activities for remediation

C. Did the remedial lessons work?

No. of learners who have caught up with
lesson.
D. No. of learners who continue to
require remediation.

E. Which of my teaching strategies wor

well? Why did these worked? Group activity, discussion and recitation

F. What difficulties did I encounter whi

principal or supervisor can help me solveThe lack of learning material used for the subject matter.

F. What innovation or localized material

use/discover which I wish to share with o The use of ICT have been proven to be effective in teaching.
Teachers

Prepared by:

GLADYS ANGELA B. VALDEMORO

SHS Teacher II Checked:
RICHARD C. BASAS
PRINCIPAL I
 Duration
2hrs

ccording to activities and make a

Code:
ABM-FABM11-IIIb-13

ABM-FABM11-IIIb-14

aily life situation.

of minutes each steps will consume.)

he accounting of assets and

he terms of presentation of
ial position (balance sheet)
mon the locality.
w the following earn profits.
ur Problem Laundry Shop
ery
d Face Parlor
With You Fish Shop
Roses Flower Shop

heir operations, presentation

ffer from each other possible
, advise and consultations.
ccounting and law firms
e and later sells the products at retail.
s that are higher than their
ll".

s and uses them in making a new

sesa product for sale later on.
ants

f business. A bakery, for example,

s hot pan de sal (merchandising),
da and hot coffee (service).

pes of business organization

s? Where and when the each

chandising and manufacturing

manufacturing.

to learnes and/ or analysis of

business or hybrid:

manufacturing (4) merchandising

handising (10) merchandising

hancement of the day's lesson or

chandising and manufacturing

rvice, merchandising
er.

ching.

CHARD C. BASAS
PRINCIPAL I
 AMADOR-BELLO HIGH SCHOOL
Senior High School
Gangao, Baleno, Masbate

DETAILED LESSON PLAN (DLP)

Date Time Learning Area Grade level Quarter

July 8 , 2019 2:00 - 4:00 PM Fabm 1 12 Amethyst 1st
1. Objectives
The types of business according to activitie, particularly:
A. Content 1. service business
Standard 2. merchandising business
3. manufacturing business
B. Performance The learners shall be able to differentiate the types of business according to activities
Standard list of businesses in their community according to their activities.
C. Learning Learners…..
Competency/ies 1. The learners should compare and contrast the types of business according
to activities.
(Taken from CG) 2. Identify the advantages and business requirements of each type.
Attitude
Values Relate the connection of the types of business according to activities to daily life situation.
II. Content THE TYPE OF BUSINESS ACCORDING TO ACTIVITIES
III. Learning
Resources/Material FABM1 tg. pp. 28-31, www.google.com, FABM1 Quexbook
s/Equipment
Led TV and Laptop for powerpoint presentation, board and chalk

IV. Procedures (Indicate the steps you will undertake to teach the lesson and indicate the number of minutes each steps will c

• Prayer
• Checking of attendance
• Setting classroom standard
• Review the types of business organizations.
A. Introductory 1. Sole/single proprietorship - owned by one person
Activity 2. Partnership - owned by partners (two or more person)
(5
minutes) 3. Corporation - owned by shareholder.

• Emphasize that the business organization differ on the equity side but the accounting of assets a
liabilities are essential the same.
• Tell the learners that this topic, types of business operations, differs in the terms of presentation
statement of comprehensive (income statement) and statement of financial position (balance shee
• Ask the learners to enumerate the business establishment that are common the locality.
• Teacher will give local example and application and ask the learners how the following earn profi
a. Brunos's Barber Shop f. Wash your Problem Laundry Shop
b. Clean Ko Place Mo Cleaning Services g. Breat Pit Bakery
c. Tutorial Services h. Cut and Face Parlor
B. d. Manila Hotel i. Fish Be With You Fish Shop
Activity/Strategy
(10 minutes) e. Chyntia's Food Vendor j. Susan's Roses Flower Shop

• After checking their answers, emphasize that because of the nature of their operations, presenta
of comprehensive income and the content of the financial position may differ from each other poss
Answer: by providing service and selling goods.
 • Introduce the lesson, types of business according to activities.
3 Types of Business Organization
• Service Business - This type of business offers professional , skills, advise and consultation
Examples: barber shops and beauty parlors, repair shops, banks, accounting and law firms
• Merchandising Business - This type of business buys at wholesale and later sells the prod
They make a profit by selling the merchandise or products at prices that are higher than the
purchase costs. This type of business is also known as "buy and sell".
Examples are: book stores, sari-sari stores, hardware stores
• Manufacturing Business - This type of business buys raw materials and uses them in maki
into product, therefore combining raw materials, labour and expensesa product for sale late
Examples are: shoe manufacturing businesses, car manufacturing plants
•Additional information:
C. Abstraction There are businesses that may be classified under more than one type of business. A bakery, for
combines raw materials in making loaves of bread (manufacturing), sells hot pan de sal (merchan
and caters customers’ orders in small coffee table servings of ensaymada and hot coffee (service

• Discuss new concept about the advantages and disadvantages of the types of business organiza
and its business requirements.

• Teacher will ask learners," what do you think is the best type of business? Where and when the e
type of business better than other type of business?"

Group Activity :
1. Divide class into four group.
D. Application 2. Ask the learners to think of five companies/stores who do service, merchandising and manufact
and why those businesses were categorized as service, merchandising or manufacturing.
3. Brainstorm and choose a presentor of each group output.
(indicatewhether it is thru Observation and/ or talking conference to learnes and/ or analy
V. Assessment
learners products and/or tests.)
Directions: identify if it is service, merchandising, manufacturing business or hybrid:

1. Provides services to customers

2. Sells goods to customers
3. Raw materials are available
4. Goods to be sold are purchased from a supplier
5. Goods to be sold are produced by the company itself
Written Test 6. Supplies are used, no goods to be sold
(10 minutes)
7. Bakery
8. Barber shop
9. Cellphone store
10. Abenson appliances
Key Answers (1) service (2) either merchandising or manufacturing (3) manufacturing (4) mercha
(5) manufacturing (6) service (7) manufacturing (8) service (9) merchandising (10) merchandi

(indicatewhether it is for Reinforcement and/or Enrichment and/or Enhancement of the day's

VI. Assignment
Preparation for a new lesson.
Provide local examples, you can use the activity below.
1. Ask the learners to think of five companies/stores who do service, merchandising and manufact
Enrichment
2. Call on a learner and ask why those businesses were categorized as service, merchandising
 Enrichment

or manufacturing.

• Continuation of lesson yesterday

7. Remarks

6. Reflections
A. No. of learners who learned 80% in
the evaluation 34 learner out of 38 got 80% in the evaluation.

B. No. of learners who require additiona

activities for remediation 4 learner out of 38 require other remediation.

C. Did the remedial lessons work?

No. of learners who have caught up with yes, all have caught up with the lesson.
lesson.
D. No. of learners who continue to
require remediation. none.

E. Which of my teaching strategies wor

well? Why did these worked? Group activity, discussion and recitation

F. What difficulties did I encounter whi

principal or supervisor can help me solveThe lack of learning material used for the subject matter.

F. What innovation or localized material

use/discover which I wish to share with o The use of ICT have been proven to be effective in teaching.
Teachers

Prepared by:

GLADYS ANGELA B. VALDEMORO

SHS Teacher II Checked:
RICHARD C. BASAS
PRINCIPAL I
 Duration
2hrs

ccording to activities and make a

Code:
ABM-FABM11-IIIb-13

ABM-FABM11-IIIb-14

aily life situation.

of minutes each steps will consume.)

he accounting of assets and

he terms of presentation of
ial position (balance sheet)
mon the locality.
w the following earn profits.
ur Problem Laundry Shop
ery
d Face Parlor
With You Fish Shop
Roses Flower Shop

heir operations, presentation

ffer from each other possible
, advise and consultations.
ccounting and law firms
e and later sells the products at retail.
s that are higher than their
ll".

s and uses them in making a new

sesa product for sale later on.
ants

f business. A bakery, for example,

s hot pan de sal (merchandising),
da and hot coffee (service).

pes of business organization

s? Where and when the each

chandising and manufacturing

manufacturing.

to learnes and/ or analysis of

business or hybrid:

manufacturing (4) merchandising

handising (10) merchandising

hancement of the day's lesson or

chandising and manufacturing

rvice, merchandising
er.

ching.

CHARD C. BASAS
PRINCIPAL I
 AMADOR-BELLO HIGH SCHOOL
Senior High School
Gangao, Baleno, Masbate

DETAILED LESSON PLAN (DLP)

Date Time Learning Area Grade level

10-Jul-19 2:00 - 4:00 PM Fabm 1 12 Amethyst
1. Objectives

A. Content
The learners demonstrate an understanding of accounting Concepts and Principles
Standard

B. Performance The learners shall be able to identify generally accepted accounting principles
Standard

C. Learning Learners…..
Competency/ies 1.The learners shall be able to explain the varied accounting concepts and principles
(Taken from CG) 2. solve exercises on accounting principles as applied in various.
Attitude
Values Relate the connection of the Accounting Concept and principles according to activities to daily life
II. Content Accounting Concept and principles
III. Learning
Resources/Material FABM1 tg. pp. 29-37, www.google.com, FABM1 Quexbook
s/Equipment
Led TV and Laptop for powerpoint presentation, board and chalk

IV. Procedures (Indicate the steps you will undertake to teach the lesson and indicate the number of minutes each steps w

• Prayer
• Checking of attendance
• Setting classroom standard
• Start the lesson by starting with a review of all the previous topic. You can use the su
and statement below.

A. Introductory
Activity
(10
minutes)

Connect to real life situation

1. Remind the students that the topic revolves on possible violations of the principles and that the
aware of it.
2. Hand out a copy of an article made speciifically for this lesson
3. Let them read and answer the text quietly for 10 minutes
PETNESS FIRST PETSHOP

B.
Activity/Strategy
 Juan Dela Cruz opened his pet shop business called Petness First Petshop. He opened a bank accou
business and deposited PHP500,000. The business earned PHP50,000 but he had doubts with the r
expense of PHP60,000. He is not sure if he should include the following items as expenses:
B. Salary expense 20,000
Activity/Strategy
(15 minutes) Rent expense 10,000
Utilities expense (at home) 15,000
Utilities expense (at the store) 10,000
Insurance expense 5,000
Withdrawals 10,000
TOTAL 60,000
4. Ask the students what they think should not be included as expenses. Then explain why.
Follow up statement: The activity is an application of the business Entity Principle which is one o
important principles in accounting. Today we will be discussing the concept and principles of acco

INSTRUCTION: give a lecture of the following principles. After each principle, give a pratical exam

• Business entity principle – a business enterprise is separate and distinct from its owner or invest
• Going concern principle – business is expected to continue indefinitely.
• Time period principle – financial statements are to be divided into specific time intervals.
• Monetary unit principle – amounts are stated into a single monetary unit
• Objectivity principle – financial statements must be presented with supporting evidence.
• Cost principle – accounts should be recorded initially at cost
• Accrual Accounting Principle – revenue should be recognized when earned regardless of collectio
expenses should be recognized when incurred regardless of payment. On the other hand, the cas
C. Abstraction
(40 minutes) principle in which revenue is recorded when collected and expenses should be recorded when paid
basis is not the generally accepted principle today.
• Matching principle – cost should be matched with the revenue generated.
• Disclosure principle – all relevant and material information should be reported.
• Conservatism principle – also known as prudence. In case of doubt, assets and income should no
overstated while liabilities and expenses should not be understated.
• Materiality principle – in case of assets that are immaterial to make a difference in the financial s
the company should instead record it as an expense.
• Teacher will ask learners.....
• Why do you think the importance of knowing the basic principles and concept of accountin
• What do you think are the principles of accounting that are applicable our daily life.
Individual activity:
Provide local examples. You can use the activity below.
Accounting principles. Indicate which principles are violated
1. The owner-manager bought a computer for personal use. The invoice was given to the accounta
recorded it as an asset of the business.
2. The statement of financial position of a company included an equipment purchased from Japan

yen It was reported at that amount in the statement of financial position while all the other assets
reported
in Philippine pesos.
3. No financial statements were prepared by Michael Go for his business. He explained that he will
D. Application statements when he closes the business, which he predicts to take place after 20 years.
(20 minutes)
4. Aside from owning a shoe store, Albert operates a canteen. The assets of the canteen are repor
statement of financial position of the shoe store.
5. Purchased a hammer at a cost of PHP500. This was recorded as an asset and expense to decrea
its value by PHP50 per year for 10 years.
6. A food company ordered a machine needed in the assembly line of its production department. U
the machine was immediately listed as one of its assets.
 Answers : (1) Business entity (2) Monetary unit (3) Time period (4) Business entity (5) Materiality (

(indicatewhether it is thru Observation and/ or talking conference to learnes and/ or analysi

V. Assessment
products and/or tests.)

A. Concept check: Use the following questions for practice. Ask the students to answer
following questions:

1. The accounting guideline that requires financial statement information to be supported by indep
, unbiased evidence other than someone's belief or opinion is the __________________.
2. The principle that requires every business to be accounted for separately and distinctly from its
owners is known as the ______________.
Written Test 3. The rule that requires financial statements to reflect the assumption that the business will conti
(10 minutes) instead of being closed or sold, unless evidence shows that it will not continue, is the ____________
4. To include the personal assets and transactions of a business's owner in the records and reports
would be in conflict with the ___________________.
5. The information is supported by independent, unbiased evidence is ________________.
6. Marian Mosely is the owner of Mosely Accounting Services. Which accounting principle requires
to keep her personal financial information separate from the financial information of Mosely Accou
Services?
7. What accounting principles would require that all goods and services purchased be recorded at

(indicatewhether it is for Reinforcement and/or Enrichment and/or Enhancement of the day

VI. Assignment
Preparation for a new lesson.
Homework activity:
1. Ask the learners to think of two real life examples for each principle discussed.
2. Ask the learners to interview a business owner and ask them about their accounting practices.
should identify if there has been any violation of the accounting principles.

• lesson was finish until procedure D.It will be continued next meeting.
7. Remarks

6. Reflections
A. No. of learners who learned 80% in
the evaluation 34 learner out of 38 got 80% in the evaluation.

B. No. of learners who require additional

activities for remediation 4 learner out of 38 require other remediation.

C. Did the remedial lessons work?

No. of learners who have caught up with the yes, all have caught up with the lesson.
lesson.
D. No. of learners who continue to
require remediation. none.

E. Which of my teaching strategies worked

well? Why did these worked? Group activity, discussion and recitation

F. What difficulties did I encounter which my

principal or supervisor can help me solve? The lack of learning material used for the subject matter.

F. What innovation or localized materials did

use/discover which I wish to share with other The use of ICT have been proven to be effective in teaching.
Teachers

Prepared by:

GLADYS ANGELA B. VALDEMORO

SHS Teacher II Checked:
RICHARD C. BASAS
PRINCIPAL I
P)

Quarter Duration
1st 2hrs

ts and Principles

g principles

Code:
cepts and principles ABM-FABM11-IIIb-15
ABM-FABM11-IIIb-16

ccording to activities to daily life situation.

the number of minutes each steps will consume.)

vious topic. You can use the suggested con

ons of the principles and that they need to be

SHOP
Petshop. He opened a bank account for his
000 but he had doubts with the recorded
owing items as expenses:
20,000
10,000
15,000
10,000
5,000
10,000
60,000
penses. Then explain why.
ess Entity Principle which is one of the most
e concept and principles of accounting.

ch principle, give a pratical example.

distinct from its owner or investor.

finitely.
to specific time intervals.
tary unit
with supporting evidence.

en earned regardless of collection and

ment. On the other hand, the cash basis
es should be recorded when paid. Cash

ld be reported.
ubt, assets and income should not be
ed.
ake a difference in the financial statements,

nciples and concept of accounting?

e applicable our daily life.

nvoice was given to the accountant who

quipment purchased from Japan for 350,000

position while all the other assets were

usiness. He explained that he will prepare the

e place after 20 years.
e assets of the canteen are reported in the

s an asset and expense to decrease

e of its production department. Upon order,

) Business entity (5) Materiality (6) Objectivity

ence to learnes and/ or analysis of learners

ts.)

e. Ask the students to answer the

rmation to be supported by independent

__________________.
separately and distinctly from its owner or

ption that the business will continue operating

not continue, is the ______________.
owner in the records and reports of the business

ce is ________________.
ich accounting principle requires Marian
ncial information of Mosely Accounting

rvices purchased be recorded at cost?

and/or Enhancement of the day's lesson or

lesson.

ciple discussed.
bout their accounting practices. The students
rinciples.

g.

uation.

ation.
e subject matter.

ffective in teaching.

RICHARD C. BASAS
PRINCIPAL I
 AMADOR-BELLO HIGH SCHOOL
Senior High School
Gangao, Baleno, Masbate

DETAILED LESSON PLAN (DLP)

Date Time Learning Area Grade level

10-Jul-19 2:00 - 4:00 PM Fabm 1 12 Amethyst
1. Objectives

A. Content
The learners demonstrate an understanding of accounting Concepts and Principles
Standard

B. Performance The learners shall be able to identify generally accepted accounting principles
Standard

C. Learning Learners…..
Competency/ies 1.The learners shall be able to explain the varied accounting concepts and principles
(Taken from CG) 2. solve exercises on accounting principles as applied in various.
Attitude
Values Relate the connection of the Accounting Concept and principles according to activities to daily life
II. Content Accounting Concept and principles
III. Learning
Resources/Material FABM1 tg. pp. 29-37, www.google.com, FABM1 Quexbook
s/Equipment
Led TV and Laptop for powerpoint presentation, board and chalk

IV. Procedures (Indicate the steps you will undertake to teach the lesson and indicate the number of minutes each steps w

• Prayer
• Checking of attendance
• Setting classroom standard
• Start the lesson by starting with a review of all the previous topic. You can use the su
and statement below.

A. Introductory
Activity
(10
minutes)

Connect to real life situation

1. Remind the students that the topic revolves on possible violations of the principles and that the
aware of it.
2. Hand out a copy of an article made speciifically for this lesson
3. Let them read and answer the text quietly for 10 minutes
PETNESS FIRST PETSHOP

B.
Activity/Strategy
 Juan Dela Cruz opened his pet shop business called Petness First Petshop. He opened a bank accou
business and deposited PHP500,000. The business earned PHP50,000 but he had doubts with the r
expense of PHP60,000. He is not sure if he should include the following items as expenses:
B. Salary expense 20,000
Activity/Strategy
(15 minutes) Rent expense 10,000
Utilities expense (at home) 15,000
Utilities expense (at the store) 10,000
Insurance expense 5,000
Withdrawals 10,000
TOTAL 60,000
4. Ask the students what they think should not be included as expenses. Then explain why.
Follow up statement: The activity is an application of the business Entity Principle which is one o
important principles in accounting. Today we will be discussing the concept and principles of acco

INSTRUCTION: give a lecture of the following principles. After each principle, give a pratical exam

• Business entity principle – a business enterprise is separate and distinct from its owner or invest
• Going concern principle – business is expected to continue indefinitely.
• Time period principle – financial statements are to be divided into specific time intervals.
• Monetary unit principle – amounts are stated into a single monetary unit
• Objectivity principle – financial statements must be presented with supporting evidence.
• Cost principle – accounts should be recorded initially at cost
• Accrual Accounting Principle – revenue should be recognized when earned regardless of collectio
expenses should be recognized when incurred regardless of payment. On the other hand, the cas
C. Abstraction
(40 minutes) principle in which revenue is recorded when collected and expenses should be recorded when paid
basis is not the generally accepted principle today.
• Matching principle – cost should be matched with the revenue generated.
• Disclosure principle – all relevant and material information should be reported.
• Conservatism principle – also known as prudence. In case of doubt, assets and income should no
overstated while liabilities and expenses should not be understated.
• Materiality principle – in case of assets that are immaterial to make a difference in the financial s
the company should instead record it as an expense.
• Teacher will ask learners.....
• Why do you think the importance of knowing the basic principles and concept of accountin
• What do you think are the principles of accounting that are applicable our daily life.
Individual activity:
Provide local examples. You can use the activity below.
Accounting principles. Indicate which principles are violated
1. The owner-manager bought a computer for personal use. The invoice was given to the accounta
recorded it as an asset of the business.
2. The statement of financial position of a company included an equipment purchased from Japan

yen It was reported at that amount in the statement of financial position while all the other assets
reported
in Philippine pesos.
3. No financial statements were prepared by Michael Go for his business. He explained that he will
D. Application statements when he closes the business, which he predicts to take place after 20 years.
(20 minutes)
4. Aside from owning a shoe store, Albert operates a canteen. The assets of the canteen are repor
statement of financial position of the shoe store.
5. Purchased a hammer at a cost of PHP500. This was recorded as an asset and expense to decrea
its value by PHP50 per year for 10 years.
6. A food company ordered a machine needed in the assembly line of its production department. U
the machine was immediately listed as one of its assets.
 Answers : (1) Business entity (2) Monetary unit (3) Time period (4) Business entity (5) Materiality (

(indicatewhether it is thru Observation and/ or talking conference to learnes and/ or analysi

V. Assessment
products and/or tests.)

A. Concept check: Use the following questions for practice. Ask the students to answer
following questions:

1. The accounting guideline that requires financial statement information to be supported by indep
, unbiased evidence other than someone's belief or opinion is the __________________.
2. The principle that requires every business to be accounted for separately and distinctly from its
owners is known as the ______________.
Written Test 3. The rule that requires financial statements to reflect the assumption that the business will conti
(10 minutes) instead of being closed or sold, unless evidence shows that it will not continue, is the ____________
4. To include the personal assets and transactions of a business's owner in the records and reports
would be in conflict with the ___________________.
5. The information is supported by independent, unbiased evidence is ________________.
6. Marian Mosely is the owner of Mosely Accounting Services. Which accounting principle requires
to keep her personal financial information separate from the financial information of Mosely Accou
Services?
7. What accounting principles would require that all goods and services purchased be recorded at

(indicatewhether it is for Reinforcement and/or Enrichment and/or Enhancement of the day

VI. Assignment
Preparation for a new lesson.
Homework activity:
1. Ask the learners to think of two real life examples for each principle discussed.
2. Ask the learners to interview a business owner and ask them about their accounting practices.
should identify if there has been any violation of the accounting principles.

• lesson was finish until procedure D.It will be continued next meeting.
7. Remarks

6. Reflections
A. No. of learners who learned 80% in
the evaluation

B. No. of learners who require additional

activities for remediation

C. Did the remedial lessons work?

No. of learners who have caught up with the
lesson.
D. No. of learners who continue to
require remediation.

E. Which of my teaching strategies worked

well? Why did these worked? Group activity, discussion and recitation

F. What difficulties did I encounter which my

principal or supervisor can help me solve? The lack of learning material used for the subject matter.

F. What innovation or localized materials did

use/discover which I wish to share with other The use of ICT have been proven to be effective in teaching.
Teachers

Prepared by:

GLADYS ANGELA B. VALDEMORO

SHS Teacher II Checked:
RICHARD C. BASAS
PRINCIPAL I
P)

Quarter Duration
1st 2hrs

ts and Principles

g principles

Code:
cepts and principles ABM-FABM11-IIIb-15
ABM-FABM11-IIIb-16

ccording to activities to daily life situation.

the number of minutes each steps will consume.)

vious topic. You can use the suggested con

ons of the principles and that they need to be

SHOP
Petshop. He opened a bank account for his
000 but he had doubts with the recorded
owing items as expenses:
20,000
10,000
15,000
10,000
5,000
10,000
60,000
penses. Then explain why.
ess Entity Principle which is one of the most
e concept and principles of accounting.

ch principle, give a pratical example.

distinct from its owner or investor.

finitely.
to specific time intervals.
tary unit
with supporting evidence.

en earned regardless of collection and

ment. On the other hand, the cash basis
es should be recorded when paid. Cash

ld be reported.
ubt, assets and income should not be
ed.
ake a difference in the financial statements,

nciples and concept of accounting?

e applicable our daily life.

nvoice was given to the accountant who

quipment purchased from Japan for 350,000

position while all the other assets were

usiness. He explained that he will prepare the

e place after 20 years.
e assets of the canteen are reported in the

s an asset and expense to decrease

e of its production department. Upon order,

) Business entity (5) Materiality (6) Objectivity

ence to learnes and/ or analysis of learners

ts.)

e. Ask the students to answer the

rmation to be supported by independent

__________________.
separately and distinctly from its owner or

ption that the business will continue operating

not continue, is the ______________.
owner in the records and reports of the business

ce is ________________.
ich accounting principle requires Marian
ncial information of Mosely Accounting

rvices purchased be recorded at cost?

and/or Enhancement of the day's lesson or

lesson.

ciple discussed.
bout their accounting practices. The students
rinciples.

g.
e subject matter.

ffective in teaching.

RICHARD C. BASAS
PRINCIPAL I