Lesson 1 - Introduction To Accounting

GOVERNOR JULIO V.
MACUJA MEMORIAL COMPREHENSIVE HIGH SCHOOL

Caridad, Hamtic, Antique
A SEMI-DETAILED LESSON PLAN FOR SENIOR HIGH SCHOOL

ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT)
October 29, 2018
I. OBJECTIVES
At the end of the lesson, the students should be able to:
a. define accounting
b. describe the nature of accounting
c. explain the functions of accounting in business
d. narrate the history/origin of accounting
II. SUBJECT MATTER
Topic: Introduction to Accounting (Lesson 1)

Reference: Teaching Guide for SHS (Fundamentals of ABM1) pages 1-6
Materials: chalkboard, chalk, laptop, projector
III. PROCEDURES
A. CLASSROOM ROUTINES
a. Prayer
b. Greetings
c. Checking of Attendance & Physical Classroom Environment
B. REVIEW
TEACHER’S ACTIVITY STUDENT’S ACTIVITY
“Good morning class, how are you today?” “Good morning ma’am, we’re fine, thank you”.
“How was your vacation?” “It was great ma’am.”
“That was good to hear, I am hoping that you are all

ready for this Second Semester of SY 2018-2019”
“In this semester, I will introduce an exciting subject,

the ABM1.”
Possible Answer:
“What do you expect about this subject?” “Ma’am, we are expecting that it will enhance our
knowledge and skills especially in business decision
“Are you ready now?” making.”
C. MOTIVATION “Yes ma’am, we are ready.”

“I have here questions for you”.
a. Do your parents ask how you spend your
allowance every day? Why?
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 “Ma’am the basis of my decision between buying a
of both and then decide? bottle of soft drinks or fruit juice is the prices’”.
c. When going home, do you sometimes
choose to walk from school rather than
riding a jeepney because you want to save? “Yes ma’am”
“Thank for your answers”.
“Okay, you see class that in all of our daily activities in

life, ACCOUNTING” is always involved”.
“Now, Is ACCOUNTING important to you?” (Leave the

question unanswered)
“Before you answer that question, we will proceed first

to our lesson proper, but let me remind you that I will
ask you that question again after I have discussed the
Introduction to Accounting”.
D. DEVELOPMENTAL PHASE
1. PRESENTATION
“Today, I will introduce to you what really accounting
is”.
2. ACTIVITY (Activate Prior Knowledge)
Activity#1-Definition of Accounting
“Students will participate actively”.
1. Ask the learners to write anything they have
known about accounting on the board.
2. Let them validate their answers from the
definition to be given afterwards.
Activity #2-History of Accounting (Story Telling)

Instructions:
1. Divide the class into two (2) groups.
2. Each group will summarize the history of
accounting.
3. By storytelling, one representative from
each group will narrate the history of
accounting in front of the class.
4. Perform the task for five (5) minutes only.
3. ANALYSIS (Acquire New Knowledge)
 Definition of Accounting
“Let us define first the word, accounting?”
“Okay class, thank you for all of your ideas, I have here a
definition of Accounting and please validate your
written answers on the board if it is correct”.
“So, according to Weygandt, J. et al, Accounting is the
process of IDENTIFYING, RECORDING, and
COMMUNICATING economic events of an organization
to interested users.”
“What comes into your mind when we say economic

Possible Answer:
events of an organization?
“Ma’am, economic events are business
“Very good”. transactions involving money.”
“So, Economic events are referred to as transactions,

specifically financial transactions”.
“When we say financial transactions, it involves what?” Possible Answer:

“Ma’am, it involves money”
“Very good.”
“Now, give me an examples of an economic events or

Possible Answer:
transactions in a bakery business”.
“Examples of an economic events or transactions in
a bakery business are;
“Very good”.
1. Sales of bread and other bakery products
2. Purchases of flour that will be used for
baking
3. Purchases of trucks needed to deliver
products
“Okay, back to the definition, firstly, Accounting is a
process of IDENTIFYING, which means selecting
economic events that are relevant to a particular
business transactions. (Base the explanation of
identifying on the bakery business example)
Ask: How does an accountant do the Identifying Possible Answer:

process? “Ma’am, the accountant do identifying by selecting
economic events that are relevant to a particular
“Very good.” business transactions.”
“Secondly, Accounting is a process of RECORDING,

which involves keeping a chronological diary of
economic events that are measured in pesos or
financially. The diary referred to are the journals and
ledgers which will be discussed on the next chapters.
Ask: How does an accountant do the Recording Possible Answer:

process? “Ma’am, the accountant do the recording by keeping
a chronological diary of economic events that are
“Very good.” measured in pesos or financially.”
“Lastly, Accounting is a process of COMMUNICATING,

which occurs through the preparation and distribution
of financial and other accounting reports.” Possible Answer:
“Ma’am, the accountant do the communicating
Ask: How does an accountant do the Communicating process by preparing and submitting accounting
process? /financial reports.”
 Discuss the nature of accounting
“Now, that you have already known the meaning of
accounting, let’s proceed to its nature/features.”
1. Accounting is a service activity.

2. Accounting is a process.
3. Accounting is both an art and a discipline.
4. Accounting deals with financial information and
transactions.
5. Accounting is an information system.
 Discuss the function of accounting in business

“Explain, Accounting is the language of business”
“How important is an accounting in every business?”

(Let the student answer the question first)
- Accounting helps the users of the financial

reports to see the true picture of the business in
financial terms.
- With the help of accounting, the following
questions can be answered;
1. Is my business earning? (profitability)
2. How much daily or monthly sales do I need
in order to recover my fixed-cost? (break-
even)
3. Do I need to hire additional workers to help
me with my production?
4. Can I afford to set up a new store in another
place? Where do I get funds?
5. Can I afford to pay back the loans?
3. ABSTRACTION (Q&A)
“Let’s have a sort of review of today’s lesson”. Possible Answer:
1. Define accounting. 1. “Accounting is the process of
2. Give examples of decisions that can be IDENTIFYING, RECORDING and
supported by accounting information. COMMUNICATING economic events
of an organization to interested
users.”
2. - Is my business earning? (profitability)
- How much daily or monthly sales do I
need in order to recover my fixed-cost?
(break-even)
- Do I need to hire additional workers to
help me with my production?
- Can I afford to set up a new store in
4. APPLICATION (Giving opinion) another place? Where do I get funds?
(Go back to unanswered question during introduction of - Can I afford to pay back the loans?
topic.)
“Now class, Is accounting important to you? Does it

affect your daily activities? How?”
5. ASSESSMENT (Quiz)
Directions: Write TRUE is the statement is
correct and FALSE if the statement is wrong.
_____ 1. The history of accounting dates back to

history of mankind wherein man relied on the
natural-born intelligence than on experience.
_____ 2. Accounting is both an art and

discipline.
_____ 3. Accountancy became a profession and

is not governed by sets of rules and standards.
_____ 4. One example of financial statement is

Balance Sheet.
_____ 5. Accounting is the language of business.
E. ASSIGNMENT
 Study in advance the Branches of
Accounting.
Prepared By:
JUDITH D. PIANO
ABM Teacher
Checked By:
EDWIN M. ACUB
HT-I

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GOVERNOR JULIO V.

MACUJA MEMORIAL COMPREHENSIVE HIGH SCHOOL

A SEMI-DETAILED LESSON PLAN FOR SENIOR HIGH SCHOOL

At the end of the lesson, the students should be able to:

II. SUBJECT MATTER

Topic: Introduction to Accounting (Lesson 1)

TEACHER’S ACTIVITY STUDENT’S ACTIVITY

“That was good to hear, I am hoping that you are all

“In this semester, I will introduce an exciting subject,

C. MOTIVATION “Yes ma’am, we are ready.”

“Thank for your answers”.

“Okay, you see class that in all of our daily activities in

“Now, Is ACCOUNTING important to you?” (Leave the

“Before you answer that question, we will proceed first

Activity #2-History of Accounting (Story Telling)

3. ANALYSIS (Acquire New Knowledge)

“What comes into your mind when we say economic

“So, Economic events are referred to as transactions,

“When we say financial transactions, it involves what?” Possible Answer:

“Now, give me an examples of an economic events or

Ask: How does an accountant do the Identifying Possible Answer:

“Secondly, Accounting is a process of RECORDING,

Ask: How does an accountant do the Recording Possible Answer:

“Lastly, Accounting is a process of COMMUNICATING,

1. Accounting is a service activity.

 Discuss the function of accounting in business

“How important is an accounting in every business?”

- Accounting helps the users of the financial

“Now class, Is accounting important to you? Does it

_____ 1. The history of accounting dates back to

_____ 2. Accounting is both an art and

_____ 3. Accountancy became a profession and

_____ 4. One example of financial statement is

_____ 5. Accounting is the language of business.

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