Lopez National Comprehensive High School

Lopez, Quezon

Detailed Lesson Plan in Entrepreneurship 12

G-12 STEM Rizal

I. OBJECTIVES
At the end of an hour discussion, students must be able to:
a. Analyze accounting values in every business transactions
b. Appreciate the importance of keeping records in a business
c. Create a simple business transactions considering the accounting values

II. SUBJECT MATTER

a. Topic: Accounting Values
b. Reference: Bookkeeping Simplified pp. 2-3
c. Materials: Powerpoint Presentation, Play money
d. Values Integration: Appreciation

III. PROCEDURES

Teacher’s Activity Students’ Activity

 Prelimary Activities

Every body standup, please pick up the pieces of

papers under your chairs and throw it in the trash bin.
(students will pick up pieces of unnecessary
things on the floor and throw those in the trash
bin)
Please arrange your chairs and let us seek guidance to
the Lord with an opening prayer to be lead by…
Amen
Good afternoon class.
Good afternoon Sir. It’s nice to see you again.
Please sit down.
Thank you sir.
Did I give you an assignment last meeting?
No Sir.
Do we have any absentees for today?
None Sir.
That’s good to hear. I know that you are very much
ready to learn something new today. Are you?
Yes Sir.
But before that, let us have a quick review of what we
have discussed yesterday. Who can still remember our
previous lesson?
Our previous lesson is about the common
types of businesses and forms of business
organizations.
What are the common types of businesses?
Service business, trading or merchandising,
manufacturing, and investment or finance
How about the forms of business organizations?
Sole proprietorship, partnership, and
corporation
Do you have questions about our previous discussion?
None Sir
Alright.
 A. ACTIVITIES
1. PRIMING ACTIVITY
Yesterday night, while I was browsing the internet, I
saw different posts on facebook. Do you want me to
share it with you?
Sure Sir.
(The teacher will flash the different funny, sweet, and
inspiring posts on facebook).
Woooaaahhh, hahahaha, awww sweet
Are you posting things like that on facebook or in any
social media sites?
Yes when we are sad, happy, or if we have
unforgettable moments that we want to share.

2. MAIN ACTIVITY
“Bidding”
1. The students will be grouped into 5 (family).
2. Each group will choose their leader (Father)
that will transact or bid on the items open for
bidding.
3. Each group will be given an initial amount of
50,000.00 that will be used on the bidding
process.
4. The teacher will assign one student to facilitate
the bidding process
5. Once the item has become open for bidding,
each group leader will raise their bids to get the
desired items.
6. If there is no more bidder, then the last group
who made the highest bid will receive the item.
7. And the process continues up to the last item.
8. The money should be spent wisely. Each group
must have a purchased item after the bidding
process.

Is the instruction clear class?

Yes Sir.
But before we start the activity, what are the standards
that we should follow in doing group activity?
We should work cooperatively

Listen to our groupmate’s ideas

Follow teacher’s instructions

Avoid unproductive noise

I am expecting that you will follow the standards that
you have set. Shall we start now?
Yes Sir.
Arrange your chairs in a manner that you are
comfortable with.
(The students will arrange their chairs facing
their groupmates and start to strategize)

B. ANALYSIS
How did you find the activity?
It’s exciting because we were able to fight for
the items that we wanted to have.

Enjoying because its like preparing ourselves

for the future where spending money is a
 serious matter that we should carefully think
about.
What strategy did you use in order to spend the money
wisely?
We worked cooperatively and we think wisely
what our group/family needed the most.

We think critically on what items can be

reproduced or can be sold if the item that we
bought has been remanufactured or
reprocessed.
If the other family/group asked you to give your
bought item to them, will you give it to them for free?

No because we spent a lot of money to buy

this thing/s.

Yes because it is better to give than to receive.

Considering that famous quotation, do you agree with
what it says? Yes because you feel at ease everytime you
made someone happy because of the thing that
you gave them.

No because everything nowadays should be

properly compensated.
On our activity earlier, can you bid for free?
No. Money is always involved in bidding.
How can you relate bidding to business?
Bidding and business is similar in a way that
they both need something in return once you
get or receive something.
Precisely. So today, we will be dealing with what
values will you give or receive in doing business.

C. ABSTRACTION
Accounting Values

What you did earlier is a form of transaction. Do you

have any idea about what transaction is?
Transaction is the exchange of values
measurable in money. That is the financial
events encountered in the business.
I have here pictures. Can you tell me what these people
are doing?
They are having a transaction just like giving
gifts to each other.
That is right. And in doing transaction, value is
acquired by giving away an equivalent value. In other
words, for every value received there is a value parted
with.
Value Received = Value Parted With
What does this equation means again?
It means that in every value that you rendered,
there is a corresponding value that you will
receive from it.
Very well said. For example:
You bought a table in cash. What value did you
receive?
Table.
What value did you give in exchange of the table?
Money or cash.
Very good. Let us have another example. You received
cash for repairing a broken tire. What is the value
parted with?
Service. In fixing the broken tires.
What value did you received from giving that service?
Money or cash
How about if you paid a rent, what is the value that
you received?
The use of property
And what is the value parted with?
Money.
Where do you think that these transactions are being
kept or recorded?
In the book of accounts Sir.
Very good. That is where the records are being kept.
And this book of accounts for businesses are required
by the government. Why do you think so?
So that the government would know whether
the owner is paying the right amount of tax.

Have you heared of any issues nowadays concerning

that tax evasion?
Yes Sir. I have heared from news that one
politician has filed a case against the other
politician about that tax evasion.
(the other students will give their ideas about
that)
Last 2017, Richard Gutierrez and his Company has
been charged with tax evasion because they failed to
submit their ITRs.

D. GENERALIZATION
Can you still remember the facebook posts that you
have read a while ago?
Yes Sir. About the funny, sweet and inspiring
posts that those people have shared via
facebook.
Why do you think people posts those experiences on
their facebook accounts?
So that they will be able to remember those
memories even many years have passed.
Do you have personal diaries?
Yes Sir.
What is the importance of recording your experiences
on a personal diary?
Its also for easy retrieval of memories Sir.
How about in business, what do you think is the
importance of keeping or recording every business
transactions that have happened in an enterprise?
I think it is important so that the owner will be
informed of what is happening on his
business.

So that the owner will know whether he/she is

making profit or not.

So that the owner would know which product

or service is profitable and vice versa.

Because business transactions are too

numerous, keeping record is important
because it is impossible to memorize all those.
 Why do you think that money is important in every
business transaction?
Because money is the language of business.
Without money, you will not be able to
monitor whether you are making profit or not.

E. APPLICATION

1. The students will be grouped into 5.

2. Each group will choose their leader and appoint
2-3 members as reporters.
3. Each group will be given a sample business
enterprise. Where:
Group 1- Laundry Shop
Group 2- Apartment
Group 3- Computer Shop
Group 4- School Supplies Store
Group 5- Car Repair Shop
4. They will be asked to make a simple 5 day
transaction record; recording the value received
and the value parted with
5. Each group will be given 8 minutes to record
transactions on their laptops and maximum of 3
minutes to present their output.
6. The group will be evaluated using the
following criteria:
(see the attached scoring rubric)

Do you have any questions about the activity?

You may start now. Arrange your chairs in any None Sir.
manner that you are comfortable with.

(The students will arrange their chairs facing

their groupmates and start encoding the
transactions)

IV. EVALUATION

Identify the value received and value parted with for the given business transactions.
Transactions Value Received Value Parted With
1. Billed a customer for car repairs
2. Bought office supplies on credit
3. Supplies bought on cash
4. Telephone bill paid
5. Table sold on credit

V. ASSIGNMENT
1. List down at least 5 transactions you made after our class until tomorrow afternoon. And record the
value received and the value parted with.
2. What is accounting? What is bookkeeping? Are they similar? Why or why not?

Prepared by: PHILIP REYMOND G. STA. CRUZ

Student Teacher
Checked by: CESARIA ROSAL C. ARCHE
Cooperating Teacher

Approved: CLEMENCIA V. CALUBAYAN

TLE Department Head
 Scoring Rubric for Group Activity and Presentation

Criteria 4 3 2 1 Score
Content Exhibits a Exhibit Exhibit some Exhibits little
thorough knowledge of knowledge of knowledge of
knowledge of the the subject the subject the subject
subject matter matter matter matter
Presentation Creative, neat, and Creative, neat, Minimal No creativity
and has a very strong and has a strong creativity with and no impact
Workmanship appeal appeal minimal
impact
Promptness Completed the task Completed the Did not Did not
ahead of time task on-time complete the complete the
task within the task within
specified the specified
timeframe but timeframe and
only lacks completed
minimal only a little of
content the given task
Collaboration The participation The Some Only 1-2
of every group participation of members of members of
member is highly every group the group the group are
evident member is shows no working to
evident interest on the complete the
given task task
Total: Highest possible score 16

Scoring Rubric for Group Activity and Presentation

Criteria 4 3 2 1 Score
Content Exhibits a Exhibit Exhibit some Exhibits little
thorough knowledge of knowledge of knowledge of
knowledge of the the subject the subject the subject
subject matter matter matter matter
Presentation Creative, neat, and Creative, neat, Minimal No creativity
and has a very strong and has a strong creativity with and no impact
Workmanship appeal appeal minimal
impact
Promptness Completed the task Completed the Did not Did not
ahead of time task on-time complete the complete the
task within the task within
specified the specified
timeframe but timeframe and
only lacks completed
minimal only a little of
content the given task
Collaboration The participation The Some Only 1-2
of every group participation of members of members of
member is highly every group the group the group are
evident member is shows no working to
evident interest on the complete the
given task task
Total: Highest possible score 16