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Lesson Plan in Basic Accounting
Forms of Business Organization/Ownership
I. Objectives:
At the end of the lesson the student would be able to:
A. understand the business owner objectives;

B. identify the three main forms of business organization: Sole Proprietorship,
Partnership and Corporation and cite examples in the local community or region;
and
C. differentiate the advantages and disadvantages of the three forms of business
organization in a market economy.
II. Subject Matter
Topics: The Three Main Forms of Business Organization

Reference: Basic Accounting 12th Edition, pgs. 1-17
Author: Rita De Los Santos, et al Win Ballada and Susan Ballada
The Foundation of Business Accounting 2nd Edition, pgs. 4-7
Author: Roy Dodge
Electronic Reference:www.google.com; www.accountingtools.com; and
www.accountingcoach.com
Material: LCD Projector, Laptop, Chalk, Eraser, Illustration Board, Cartolina and
White Board Marker
III. Procedure
A. Preparatory Activities
1. Prayer
2. Set up and test equipment
3. Check attendance
4. Setting of Classroom Standard
B. Motivation
 The students will play word construction by constructing the letters given by
the teacher.
 The students will give a brief definition about the word constructed.
 The teacher will instruct the students to close their eyes. Let them imagine
the different businesses they have seen inside the mall. Ask them to give at
least three businesses based on what they had in mind.
C. Lesson Proper
1. Pre-Activity
The teacher will introduce the new lesson by using a powerpoint presentation of the
following topics:
 The three forms of business organization:

1. Sole Proprietorship
2. Partnership
3. Corporation
 Business Owners Objectives
 Differentiate the advantages and disadvantages of the three forms of
business in a market economy.
2. Activity Proper
Quiz Bee Procedures:
a. Divide the class into two groups.
b. The teacher will read the question twice.
c. The student will raise the illustration board after writing the answer.
d. The first group who answer correctly will earn the point.
e. The student on the first row will pass the illustration board at the back to
answer the next question.
f. The group who got more points will be the winner.
g. Winners will receive a special prize from the teacher.
Level I - Identify the statement whether true or false. #1-5

1. A sole proprietorship can have more than one employee.
2. The business income of a partnership is tax as the personal income of the
partners.
3. Creditors of a partnership cannot seek repayment of business debts from the
personal assets of the partners.
4. Sole proprietors are not personally liable for all debts and obligations of their
businesses.
5. All partners of may participate in management of partnership business.
Level II – Give the correct answer. #6-10

1. A group of individuals that are elected as representatives of the stockholders
to manage and to make decisions on major company issues.
2. It is a form of business organization that owned and managed by one
individual.
3. It is a form of business organization owned by two or more individuals as a
separates legal entity.
4. What do you call the owner/s that part of the corporation?
5. A firm that owned by by two or more individuals who assume all risk of loss
and receive all profit.
3. Generalization:
What have you learned on the different patterns of the business ownership?
The teacher will give additional information on the part, which she thinks
does not fully covered by the students, and discuss the importance can be
applied in real life.
IV. Evaluation – Essay – (5 points each question)

Instruction: Read and understand each question. The basis on checking
your answer will be based on the rubrics below.
RUBRICS:
5-demonstrates full comprehension of ideas stated explicitly and/ or

inferentially by providing an accurate analysis; addresses the prompt and provides
effective development of the topic.
4-demonstrates comprehension of ideas stated explicitly and/ or inferentially

by providing an accurate analysis; addresses the prompt and provides effective
development of the topic.
3-demonstrates basic comprehension of ideas stated explicitly and/ or

effective development of the topic.
2-demonstrates limited comprehension of ideas stated explicitly and/ or

minimal development of the topic.
1-demonstrates no comprehension of ideas by providing an inaccurate no

analysis; is 0 – no answer written on the paper.
1. Describe the three types of business organizations in a market economy.

2. Differentiate Partnership from Corporation.
3. If you were to start a business, what type of business organization will be most
advantageous for your business? Explain your answer.
V. Assignment: Divide the class into five groups.
Conduct an interview of at least three business owners in your community.
Entrepreneurship interview guide:
1. Name of entrepreneur
2. Name of entrepreneur's business
3. Type of business organization
4. List products of business (goods and/or services)
5. Number of employees
6. List benefits of business to society
7. Chart growth of business since its inception
8. Challenges in operating the business
9. Attached photos of your group with the entrepreneur as proof of evidence during
interview.
RUBRIC :
Description Points
Content Provides relevant information and communicates 10
creative ideas.
Organization Well organized. Demonstrates an orderly flow of 10
ideas.
Presentation Written legibly and neatly. 5
TOTAL 25
Submitted by:
MEL JOHN C. BONAYOG

SHS Teacher Applicant
Academic – ABM Strand
Date: March 10, 2017

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Lesson Plan in Basic Accounting

Forms of Business Organization/Ownership

At the end of the lesson the student would be able to:

A. understand the business owner objectives;

II. Subject Matter

Topics: The Three Main Forms of Business Organization

 The three forms of business organization:

Level I - Identify the statement whether true or false. #1-5

Level II – Give the correct answer. #6-10

IV. Evaluation – Essay – (5 points each question)

5-demonstrates full comprehension of ideas stated explicitly and/ or

4-demonstrates comprehension of ideas stated explicitly and/ or inferentially

3-demonstrates basic comprehension of ideas stated explicitly and/ or

2-demonstrates limited comprehension of ideas stated explicitly and/ or

1-demonstrates no comprehension of ideas by providing an inaccurate no

1. Describe the three types of business organizations in a market economy.

Conduct an interview of at least three business owners in your community.

Entrepreneurship interview guide:

MEL JOHN C. BONAYOG

Date: March 10, 2017

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