DAILY LESSON LOG

School Don Juan F. Avalon NHS Grade Level 11

Teacher Jigs T. Roncesvalles Learning Area Fundamentals of ABM I
Teaching Date May 3, 2023 Quarter 4th
Teaching Time 3:00-4:00 Section ABM Eugene Fama

I. OBJECTIVES
A. Content Standards The Accounting Equation
B. Performance Solve problems applying the accounting equation.
Standards
C. Learning Illustrate the accounting equation.
Competencies Perform operations involving simple cases with the use of accounting
equation.
ABM-FABM11-IVb-c24
D. Value Aims Cooperation.
II. CONTENT
III. LEARNING
RESOURCES
A. Reference
1. Teacher’s Guide Pages
2. Learner’s Materials
Pages
3. Textbook Pages
4. Additional Materials Fundamentals of ABM I (Rex Publishing)
from Learning Fundamentals of ABM I (Vibal Publishing)
Resource Portal Basic Accounting by Win Ballada
B. Other Learning Curriculum Guide
Resources
C. Materials Laptop, Overhead Projector, Slide Decks, Lecture Notes, Manila paper,
felt-tipped pen
*Visual learning
*Colors Red and Yellow are used in the slides as those are the most
visible colors for people with eyesight problems.
*Use of PowerPoint is a highly effective tool to aid learning.
*Use of lecture notes engage students for a more meaningful learning.
IV. PROCEDURES
A. Preliminary Activities Prayer
Checking of Attendance
Revisit Classroom Rules

B. Review previous
lesson or presenting a
new lesson
Reviewing the past lesson about the accounting concepts and
principles by an activity called: PAIKUTIN MO AKO PARA
MAALALA KO!

The students will voluntarily spin the wheel (projected in the laptop of
the teacher) and answer the given question that is selected in the wheel.
Choices of answer are given in the side of the wheel. For every correct
answer of the students, they will receive a reward:
Identify what principles are the following:
All relevant information should be included in the financial reports
disclosure. Assume that the company will continue indefinitely. – Ans.
Going Concern

A Philippine company should report financial statements in pesos. –

Ans. Monetary

A company that purchases furniture should record it at its acquisition

cost. – Cost Principle

Statement of Financial Position should be recorded as of December 31,

2015. – Time Period

Establishing safe and secure environments to enhance learning through

the consistent implementation of policies, guidelines and procedures.

The teacher will show to the students what are the target objectives of
the lesson.

The following are the objectives of the lesson:

Identify what is asset, liability, and owner’s equity.
Illustrate the accounting equation
Perform equation involving simple cases with the use of accounting
equations
Appreciate the importance of accounting equation in the life situation.
C. Establishing a purpose
for the lesson

D. Presenting Activity: 4As

examples/instances of (Scaffold Knowledge Integration)
new lesson A group activity and presentation where students make their thinking
visible, provide multiple representations and helps them listen and learn
from others.

From primary knowledge and its integration with another subject be

enhanced through the following activities:

The students will group into three:

1st group – (Simple Mathematical Computation)

Directions: Find the missing number with the given equation:
A = B+C
1. A = 2. A = 3000 3. A = 700000
B = 150 B= B = 350000
C = 200 C = 10000 C=

2nd group – (Complete the Table)

Directions: Answer the following questions to complete the table:
1. What are the best things you receive from God?
2. Do you still need cash even though God has given you the
things you want?
3. In what instances you needed the money?
4. Where do you usually ask help if you need financial support?
What are the Do you still Where did you Where do you
things you need cash? use your ask help if you
received from (Yes or No) money? needed money?
God?

Design, adapt and implement teaching strategies that are responsive to

learners with disabilities, giftedness and talents.

1st group – Integration with Mathematics

2nd Group – Integration with Values Education and Business Finance

Apply knowledge of content within and across curriculum teaching

areas
Rubrics: Cooperation 15 pts.
Presentation 20 pts.
Timeliness 5 pts.
Total 40 pts.

(Activity and Analysis)

Maintain learning environments that promote fairness, respect, and

care to encourage learning.

Maintain learning environments that nurture and inspire learners to

participate, cooperate and collaborate in continued learning.

Apply a range of successful strategies that maintain learning

environment that motivate learners to work productively by assuming
responsibility for their own learning. (differentiated instruction, ICT
integration, scaffold knowledge integration and real life situation are
used in this lesson.

*Note: Remind the students after handling the pen/chalk or any material
used in the group activity, to sanitize hands to ensure safety.
E. Discussing new (Abstraction)
concepts and Discussion of Accounting Equation
practicing new skills
#1 Accounting Equation:
States that the company’s total assets are equal to the sum of its
liabilities and its shareholder’s equity.

Assets = Liabilities + Owner’s Equity

Assets – ari-arian
Liabilities – pananagutan
Display proficient use of Mother Tongue, Filipino and English to
facilitate teaching and learning.
*Note: The teacher will use the two languages, Filipino and English to
easily understand the lesson.
F. Discussing new Discuss what is assets, liabilities and owner’s equity.
concepts and - Assets are the resources owned and controlled by the firm.
practicing new skills - Liabilities are obligations of the firm arising from past events
#2 which are to be settled in the future.
- Equity or owner’s equity are the owner’s claims in the business.
It is the residual interest in the assets of the enterprise after
deducting all its liabilities.

Sample problem applying accounting equation:

July 1 – Paolo Reyes started a delivery service on July 1, 2013. The
following transactions occurred during the month of July. He invested P
800,000 cash and cars amounting to P 200,000.
Borrowings from the Bank
July 2 – Reyes borrowed P 100,000 cash from PNB for use in his
business.
Assets Purchased for Cash
July 7 – Bought tables and chairs from Orocan and paid P 45,000 cash.
July 15 – Various equipment were purchased on account from Fortune
for P 55,000
Cash Withdrawal by the Owner
July 18 – Reyes made a cash withdrawal of P 5,000 for personal use.
Payment of liability
July 20 – The account due to Fortune was paid in cash.

G. Developing mastery (Application)

(Leads to formative
assessment) The teacher will group the class into three.

1st group: Activity Name: You Made Me Complete

Directions: Complete the table: Supply the missing amount that satisfy
the basic accounting equation.

Assets Liabilities Owner’s Equity

P 200,000 P 70,000 ?
? P 40,000 P 120,000
P 1,400,000 ? P 1,100,000
P 800,000 ? P 600,000
? P 2,300,000 P 7,700,000

2nd Group: Case Study

Malou Cuevas, the owner of Yelley’s restaurant, reported her business

assets and liabilities during the first year of operation. These are the
following:

Cash P 90,000
Tables and chairs 20,000
Cooking utensils 120,000
Meat cutter 40,000
Aircon 70,000
Supplies 35,000
Cash borrowed from a bank 100,000
Cash borrowed from a friend 30,000

Required:
List all the assets, liabilities and owner’s equity in the accounting
equation.

3rd Group: Draw Me

Directions: Draw an illustration of something that is balance or equal
and label it using Asset, Liabilities and Owner’s Equity.

1st Group – Integration with Mathematics

2nd Group – Integration with English
3rd Group – Integration with Arts

Rubric:
Timeliness 10 pts.
Correctness 10 pts.
Cooperation 15 pts.
Total 35 pts.

Differentiated instruction is applied.

Apply knowledge of content within and across curriculum teaching

areas

Maintain learning environments that promote fairness, respect, and

care to encourage learning.

Maintain learning environments that nurture and inspire learners to

participate, cooperate and collaborate in continued learning.
H. Finding practical In your daily life, give an example or specific situation you can apply
applications of the accounting equation (balance).
concepts and skills in Students may answer the following:
daily living In cooking (right amount of ingredients)
Salary received (right budgeting)

What is the importance of knowing the accounting equation relative to

our daily routine?
Establishing safe and secure environments to enhance learning through
the consistent implementation of policies, guidelines and procedures.
I. Making Explain the quotation and how will you relate it to our topic:
generalizations and
abstractions about the “Life is like accounting, everything must be balance.”
lesson
Establishing safe and secure environments to enhance learning through
the consistent implementation of policies, guidelines and procedures.
J. Evaluating learning Identification: Identify what is being asked.
1. It is the claim of the owners over the business.
2. These are the resources owned by the business.
3. These are the obligations of the business to be paid in the future.
4. Write the accounting equation.
5. If liability is P 200,000 and owner’s equity is P 50,000, how
much is the assets?
Answer:
1. Owner’s Equity; 2. Assets; 3. Liabilities; 4. A = L + OE; 5. P
250,000
*Teacher will provide time cues to complete task on time.
K. Additional activities Assignment:
for application or Monte Carlo Mendoza, the owner of MTM Food shop, reported his
remediation business’ assets and liabilities during the frirst year of operations. These
are the following:
Cash P 80,000
Tables and chairs 10,000
Cooking utensils 110,000
Meat Cutter 30,000
Aircon 60,000
Supplies 20,000
Cash borrowed from 90,000
a bank
Cash borrowed from 20,000
a friend

Required: List all the assets, liabilities and owner’s equity on the table
provided.
Write the total assets, liabilities and owner’s equity in the accounting
equation.
V. REMARKS
VI. REFLECTION
A. No. of learners who earned
70% on the formative
assessment
B. No. of learners who require
additional activities for
remediation
C. Did the remedial lessons
work?
D. No. of learners who
continue to require
remediation
E. Which of my teaching
strategies worked well?
Why did this work?
F. What difficulties did I
encounter which my
principal or supervisor can
help me solve?
G. What innovation or
localized materials did I
use/discover which I wish
to share with other
teachers?

Prepared by:

JIGS T. RONCESVALLES
Teacher III