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Shs Abm: Accounting Equation

This daily lesson plan outlines a lesson on the accounting equation for 11th grade students. The objectives are for students to understand and apply the accounting equation. The content will cover the accounting equation and its elements - assets, liabilities, and owner's equity. Example problems will be worked through to illustrate journal entries and their impact on the accounting equation. Formative assessment will involve having students solve practice problems tracking changes to asset, liability and equity accounts in a transaction listing table.

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Jelly
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141 views

Shs Abm: Accounting Equation

This daily lesson plan outlines a lesson on the accounting equation for 11th grade students. The objectives are for students to understand and apply the accounting equation. The content will cover the accounting equation and its elements - assets, liabilities, and owner's equity. Example problems will be worked through to illustrate journal entries and their impact on the accounting equation. Formative assessment will involve having students solve practice problems tracking changes to asset, liability and equity accounts in a transaction listing table.

Uploaded by

Jelly
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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School Grade Level 11

GRADES 11
Teacher LAGUYO, JELLYLICA P. Fundamentals of Accountancy
Daily Lesson Learning Area and Business Management 1
Plan Teaching Dates and 2nd
Semester
Time

I. OBJECTIVES
1. Content Standards The learners demonstrate an understanding of the accounting equation.
2. Performance Standards The learners shall be able to solve problems by applying the accounting equation.
3. Learning Competencies / The learners shall be able
Objectives  to illustrate the accounting equation (ABM_FABM11-IIIb-c-17)
 perform operations involving simple cases with the use of the accounting
equation (ABM_FABM11-IIIb-c-18)
II. CONTENT The Accounting Equation
III. LEARNING RESOURCES
A. References
1. Teacher’s Guide pages Teaching Guide for Senior High School : FUNDAMENTALS OF ACCOUNTANCY,
BUSINESS, AND MANAGEMENT 1 pp.41-51
2. Learner’s Materials pages
3. Textbook pages Wild, J. (2009). Principles of Accounting 19th ed. McGraw Hill Publishing
Haddock, M., Price, J., & Farina, M. (2012). College Accounting: A Contemporary
Approach, 2nd ed. New York: McGraw-Hill/Irvin
Valencia, E.G.& Roxas, G.F. (2010). Basic Accounting 3rd ed.,
4. Additional Materials from
Learning Resource (LR)
portal
B. Other Learning Resources Laptop, projector, Activity sheets
IV. PROCEDURES
A. Reviewing previous lesson (5 MINS)
or presenting the new Communicate learning objectives
lesson • Tell the learners the learning objectives of this chapter
1. Understand the elements of the accounting equation
2. Use the accounting equation to solve problems
• Give them an overview how they derived the accounting equation by answering the
question:
1. Are all business ACTIVITIES accountable?
2. Use Jollibee as an example.

B. Establishing a purpose for (5 MINS)


the lesson 1. Connect to a real life situation. Use Jollibee as an example.

2. Prove that for every transaction the accounting equation should always
balance.
VALUE RECEIVED = VALUE PARTED WITH
ASSETS = EQUITIES
3. Present the accounting equation
ASSETS = LIABILITIES + OWNER'S EQUITY
4. Briefly explain and gave examples of Assets, Liabilities and Owner’s Equity
Assets are resources owned by the business
 Cash
 Equipment
 Furniture
 Building
Liabilities are obligations by the business.
 Accounts Payable
 Loans Payable
 Mortgage Payable
Equity is the residual interest of the owner of the business. Meaning, any
assets left after paying liabilities is the right of the owner of the business.
C. Presenting examples (5 MINS)
instances of the lesson Let the student answer simple examples of solving Accounting equations.
1.

2.

3.

4.

D. Discussing new concepts (30 MINS)


and practicing new skills Give a lecture. Illustrate how each transaction affects the accounting equation.
#1 Guided Practice
Let the student identify the amount and accounts.
1. Dec 1- Luka Mavericks started a Salon Business on Dec 1, 2023. He invested
PHP500,000 cash and Equipment amounting to PHP100,000
2. Dec 4 – Maverick borrowed PHP200, 000 cash from BDO for use in his business.
3. Dec 7 – Bought tables and chairs from Japan Surplus and paid PHP30,000 cash
4. Dec 15 – Various equipment were purchased on account from Fortune for
PHP45,000
5. Dec 18 – Maverick made a cash withdrawal of PHP10,000 for personal use
6. Dec 20 – The account due to Fortune was paid in cash
The following table summarizes the effects of these transactions on the accounting
equation
Date Assets Liabilities Owner’s Equity
Dec Cash Equipment Furniture Loans Accounts Mavericks, Mavericks,
Payable Payable Capital Withdrawal
1 500,000 100,000 600,000
4 200,000 200,000
Balances 700,000 100,000 200,000 600,000
7 (30,000) 30,000
Balances 670,000 100.000 30,000 200,000 600,000
15 45,000 45,000
Balances 670,000 145,000 30,000 200,000 45,000 600,000
18 (10,000) (10,000)
Balances 660,000 145,000 30,000 200,000 45,000 600,000 (10,000)
20 (45,000) (45,000)
Balances 615,000 145,000 30,000 200,000 0 600,000 (10.000)
790,000 790,000
E. Discussing new concepts (10 MINS)
and practicing new skills Practice
#2

F. Developing mastery (5 MINS)


(Leads to Formative Describe each transaction
Assessment 3)
G.Finding practical
applications of concepts and
skills in daily living
H. Making generalizations and The Accounting Equation
abstractions about the lesson Assets = LIABILITIES + Owner's Equity
In every Business transaction, the accounting equation should always be balanced
I. Evaluating learning Assignment
Jerome Garcia started a new business and completed these transactions during
August:
Aug. 1 Garcia invested PHP48, 000 cash in the business.
1 Rented office space and paid PHP800 cash for the August rent.
3 Purchased exploration equipment for PHP22, 000 by paying PHP12, 000 cash
and agreeing to pay the balance in 3 months.
5 Purchased office supplies by paying PHP1, 500 cash.
8 Purchased PHP1, 350 of office equipment on credit.
11 Purchased PHP700 of office supplies on credit.
20 Paid cash for the office equipment purchased on August 8.
J. Additional activities for Follow up application for assignment
application or remediation 1. Arrange the following asset, liability, and equity titles in a table: Cash; Accounts
Receivable; Office Supplies; Office Equipment; Exploration Equipment; Accounts
Payable; Jerome Garcia, Capital; Jerome Garcia, Withdrawals; 2. Use additions and
subtractions to show the effects of each transaction on the accounts in the
accounting equation. Show new balances after each transaction.

V. REMARKS
VI. REFLECTION
1. No. of learners who earned
80% on the formative
assessment
2. No. of learners who require
additional activities for
remediation.
3. Did the remedial lessons
work? No. of learners who
have caught up with the
lesson.
4. No. of learners who
continue to require
remediation
5. Which of my teaching
strategies worked well? Why
did these work?
6. What difficulties did I
encounter which my principal
or supervisor can help me
solve?
7. What innovation or
localized materials did I
use/discover which I wish to
share with other teachers?

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