Republic of the Philippines

Department of Education
Region V
DIVISION OF CAMARINES SUR
FELIPE P. PANTON HIGH SCHOOL
Bula, Camarines Sur
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Teacher: RIZALINE V. LOZANO School Year: 2019 - 2020
Grade Level: 11 GAS-3:00 – 5:00
Period: Second Semester
Teaching Date and Time:
Learning Area: Fundamentals of Accountancy, Business, and Management 1

I. Objective (s)
A. Content The learners demonstrate an understanding of the definition, nature,
Standard function, and history of accounting

B. Performance The learners shall be able to cite specific examples in which accounting is used
Standard in making business decisions.

C. Learning The learners shall be able to:

Competencies - Define accounting
- Describe the nature of accounting
- Explain the functions of accounting in business
- Narrate the history/origin of accounting
II. Content Introduction to Accounting

III. Learning Projector, Laptop, manila Paper

Resources

D. Reference/s Curriculum Guide

E. Other Learning Teachers Guide

Resources
IV. Procedure  Opening Prayer
 Checking the Attendance
 Introduce the following learning objectives:
a. I will be able to define accounting
b. I will be able to describe the nature of accounting
c. I will be able to explain the functions of accounting in business
d. I will be able to narrate the history/origin of accounting.
 Discuss the new lesson
A. Reviewing
previous lesson or
presenting the
new lesson
 B. Establishing a Ask the learners the following questions:
purpose for the a. Do your parents ask how you spend your allowance every day?
lesson 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. Presenting Is accounting important to you?
examples/instanc
es of a new lesson

D. Discussing Define accounting, explain identifying, recording and communicating. Discuss

new concepts the nature of accounting, discuss the function of accounting in business.
and practicing Discuss the history of accounting.
new skills
E. Developing Practice
mastery
Divide the class into 2 groups. The first group will act out the definition of
accounting while the second group will act out the evolution/history of
accounting.
F. Finding Exercises:
practical True or False. Write TRUE if the statement is correct and FALSE if the statement is
applications of wrong.
concepts and 1. The ability to turn a need into an opportunity to undertake a business is
skills in daily living consistent with the concept of environmental scanning.
2. The cash-in versus cash-out technique of measuring business
performance will always result in the correct net profit.
3. A complete set of financial statements has five basic components.
4. The financial statements are outputs of the accounting process.
5. The objective of financial statement is to provide information about the
financial position, financial performance, and cash flows of a business
that is useful to specific users so that they can make sound decisions.
6. Financial statements provide information about a business assets,
liabilities, equity, income and expenses, cash flows, and contributions by
and contributions to owners in their capacity as owners.
7. Business transactions are limited to interactions being engaged by
businesses with customers and suppliers.
8. There is only one acceptable definition of accounting
9. Accounting is only applicable to business rendering services because
accounting is a service activity.
10. Because accounting is systematic, definite techniques and their
application require particular skill and expertise.
G. Making Enrichment
Generalizations
and Ask the learners the following questions:
abstractions Is accounting important to you?
about the Does it affect your daily activities? How?
lesson
 Evaluation
1. Define accounting
Give examples of decisions or questions that can be supported by accounting
information.

V. Remarks/
Integration
H. Evaluating
learning
VI. Reflection
A. No. of
learners who
earned __% on the
formative
assessment
B. No. of
learners who
require additional
activities for
remediation

Teacher’s
Signature
RIZALINE V. LOZANO
ABM SHS Teacher I
School Head

NIÑA S. TORMES
School Principal 1