SCHOOL MALAY NATIONAL HIGH SCHOOL Grade Level 12

GRADE 12 Teacher Rachel C. Casidsid Learning Area Fundamentals of ABM 2

DAILY LESSON ABM 12-A
LOG Section/Teaching
Dates/Time
June 3-7, 2019 (M, T, Th, F) Quarter First
2:00 P.M. - 3:00 P.M.

LEARNING SESSION 1 LEARNING SESSION 2 LEARNING SESSION 3 LEARNING SESSION 4

I. OBJECTIVES
A. Content Standard The learners demonstrate an understanding of:
- account titles under the assets, liabilities, and capital accounts of the Statement of Financial Position, namely, cash, receivables,
inventories, prepaid expenses, property, plant and equipment, payables, accrued expenses, unearned income, long-term liabilities and
capital that will equip him / her in the preparation of the SFP using the report form and account form
B. Performance Standard The learners shall be able to:
- solve exercises and problems that require preparation of an SFP for a single proprietorship with proper classification of accounts as
current and noncurrent using the report form and the account form
C. Learning Competency The learners: The learners: The learners: The learners:
Write the LC code for each 1. identify the elements of 2. classify the elements of 3. prepare the SFP of a 4. prepare an SFP using the
the SFP and describe each the SFP into current and single proprietorship report form and the
of them noncurrent items account form with proper
ABM_FABM12-Ia-b1 ABM_FABM12-Ia-b-2 ABM_FABM12-Ia-b-3 classification of items as
current and noncurrent
ABM_FABM12-Ia-b-4
II. CONTENTS
Statement of Financial Statement of Financial Statement of Financial Statement of Financial Position
Position (SFP) Position (SFP) Position (SFP) (SFP)
III. LEARNING RESOURCES
A. References
1. Teacher’s Guide pages
2. Learner’s Materials
pages
3. Textbook pages Cabrera, Ma. Elenita B. Cabrera, Ma. Elenita B. Cabrera, Ma. Elenita B. Cabrera, Ma. Elenita B.
Fundamentals of Accounting, Fundamentals of Accounting, Fundamentals of Accounting, Fundamentals of Accounting,
Business, & Management V.2 Business, & Management V.2 Business, & Management V.2 Business, & Management V.2
1
 (pages 298-300) (pages 301-306) (page 300) (pages 307-308)

4. Additional Materials
from Learning Resource
(LR) portal
B. Other Learning Resource http://www.accountingverse.com
/financial-
accounting/elements/asset-
accounts.html
IV. PROCEDURES
A. Reviewing previous Let’s Engage:
lesson or presenting the Ask the learners to recall the
new lesson ideas they have learned in
Fundamentals of ABM 1
B. Establishing a purpose Warming Up:
for the lesson Explain the importance of
knowing the concept of the
accounting elements in the
Statement of Financial
Position.
C. Presenting Individual Activity:
examples/Instances of Randomly pick learners to
the new lesson identify and group each
account listed in the box
according to their elements
D. Discussing new Let’s Learn:
concepts and practicing - Discuss the following:
new skills # 1 o Meaning, nature, and
usefulness of the
Statement of Financial
Position (SFP)
o Elements of the
Statement of Financial
Position (SFP) – assets,
liabilities, equity
http://www.accountingverse.com
/financial-
accounting/elements/asset-
accounts.html
Let’s Review:
Randomly call learners to
enumerate the elements of
SFP
Warming Up:
- Ask the learners of their ideas
about the current and non-
current items.
Group Activity:
On the board, two groups
classify the elements of the
SFP into current and
noncurrent items
Let’s Learn:
- Discuss the following:
o Current and Non-
Current Assets and its
examples
o Current and Non-
Current Liabilities and
its examples
Let’s Review: Let’s Engage
Randomly call learners to Ask learners to enumerate the
explain the difference of steps in preparing the SFP of a
current and non-current items Single proprietorship
in the elements of SFP
Warming Up:
Explain the importance of
preparing the SFP in a
business firm.
Let’s Learn: Let’s Learn:
- Discuss the meaning of a Discuss and demonstrate:
single proprietorship form of o Steps in preparing the
business SFP in report and
- Trial Balance account Form
- Demonstrate the steps in
preparing the SFP.
2
E. Discussing new
concepts and practicing
new skills # 2
F. Developing mastery
(leads to Formative
Assessment 3)
G. Finding practical
application of concepts
and skills in daily living
H. Making generalizations
and abstractions about
the lesson
Let’s Practice:
Group Activity
o Each group to create
their own company,
list their account titles
under assets,
liabilities, and equity;
then describe and
present it to the class
Ask the learners of their personal
belongings in their homes or the
amount they owned (assets), the
amount that they owe (liabilities),
and deduct the amount they owe
from the amount they own to
know the net assets (equity).
Let’s Reflect:
- Ask the learners about the
importance of each element
in the SFP
Discuss the normal balances of
the accounting elements of SFP.
Let’s Practice:
- Group Activity
o Check the answers of
the first activity
o Each group identifies
the normal balance of
each account titles and
answer the guide
questions.
Ask learners about the
properties they have in their
home, if it may be used for a
short or long period of time.
Let’s Reflect:
- Ask learners to distinguish
current from non-current
assets and liabilities, and to
give their insights about the
importance of classifying each
account titles to current and
non-current items.
Let’s Practice:
On the board randomly, ask
learners to prepare SFP of a single
proprietorship following the steps
discussed by the teacher.
Ask learners if they are familiar or
they have an idea about the
Statement of Assets, Liabilities,
and Net Worth of an employee
here in Malay, and if it is similar
to the SFP.
Let’s Reflect:
Present to learners the
significance of preparing the SFP
of an entity.
Let’s Practice:
- Group Activity
o Based on the Adjusted
Trial Balance of Polo
Company, the first
group prepares SFP
using the report form,
and the second group
prepares SFP using the
account form
Ask learners whether or not it is
important to record all their
assets, liabilities, and equity in
establishing their own business
here in Municipality of Malay.
Let’s Reflect: Present a
quotation/saying related to the
topic and briefly discuss to the
class.

I. Evaluating learning
Quiz: ¼ sheet of paper; Test I-
Identify each element in the SFP.
(10 items); Test II- Describe the
following elements: assets,
liabilities, and equity.
Quiz: Quiz: Quiz: In a 1 whole yellow pad,
Classify the account titles into Create a small business (single prepare SFP using report and
current and noncurrent items. (10 proprietorship) and prepare a SFP. account form of Malay ABM
items) Enterprise.

J. Additional activities for

3
 application or
remediation
V. REMARKS
VI. REFLECTIONS
A. No. of learners who earned
80% in the evaluation
B. No. of learners who require
additional activities for
remediation who scored
below 80%
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 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?
COMMENTS AND SUGGESTIONS: Checked by:

DANILO H. CLAROS
Senior High School Coordinator
Prepared by: Noted by:

RACHEL C. CASIDSID JAKE S. SULLANO

SHS Teacher 1 Principal I

4
5