DAILY LESSON LOG
Department of Education
School
Teacher
Teaching Dates and Time
Session 1:
ROSARIO NATIONAL HIGH SCHOOL
CHONA D. CAMPOSANO
WEEK 1
Session 2:
Grade Level
Learning Area
Quarter
Session 3:
11
FABM 1
1st/3rd
Session 4:
I. OBJECTIVES
A. Content Standards
B. Performance Standards
C. Learning
Competencies/Objectives
The learners demonstrate an understanding of…
a. the definition, nature, function, and history of accounting.
b. the external and internal users of financial information.
The learners are able to…
a. cite specific examples in which accounting is used in making business decisions.
b. solve exercises and problems on the identification of users of information, type of decisions to be made, and type of information needed
by the users.
c. cite users of financial information and identify whether they are external or internal users.
Define Accounting. (ABM_FABM11-IIIa-1)
Describe the Nature of Accounting (ABM_FABM11-llla-2)
Narrate the history/origin of Accounting (ABM_FABM11-llla-4)
Define external users and gives examples; and (ABM_FABM11-IIIa-7)
Define internal users and give examples. (ABM_FABM11-IIIa-8)
II. CONTENT
INTRODUCTION TO ACCOUNTING
III. LEARNING RESOURCES
A. References
1. TG’s Pages
2. LM’s Pages
3. Textbook’s Pages
B. Other Resources
IV. PROCEDURES
1. Reviewing previous lesson or
presenting the new lesson
The teacher will introduce the new
lesson which is about the Definition
and Nature of Accounting.
- Greet students and ask them
about their previous lessons in
accounting.
- Recap the importance of
accounting in business.
- Introduce the new lesson about
"The History/Origin of Accounting".
The teacher will ask the students
regarding the meaning of financial
statements and its importance to a
business. Afterwhich, the teacher
will present the new lesson which is
about external users.
- Greet the students and ask them
if they can still recall the previous
topics
discussed
related
to
accounting.
- Introduce today's lesson by
saying that it is essential to
understand the entities that use
accounting information to make
decisions. Tell the students that the
lesson today is focused on the
internal users of accounting
information.
2. Establishing the purpose of
the lesson
3. Presenting
examples/instances of the
new lesson
4. Discussing new concepts
and practicing new skills #1
The teacher explains to the
students the purpose of the lesson,
which is to help them understand
the definition and nature of
accounting.
- State the objectives of the lesson:
a. To understand the origins of
accounting
b. To appreciate the importance
of accounting in the business world
The purpose of this lesson is for the
students to identify external users
that utilize financial statements.
The teacher presents examples of
accounting, such as the recording
of business transactions and the
preparation
of
financial
statements.
- Show some artifacts of ancient
accounting methods (such as clay
tablets used by the ancient
Sumerians)
- Explain how these methods
evolve in modern accounting
practices today.
The teacher will ask the class to
identify the different external users
and their purpose for using
financial statements.
Examples of External users are as
follows:
1. Investors - they use financial
statements to determine whether
to buy, hold or sell shares of stock.
2. Creditors - use financial
statements to evaluate the
creditworthiness of a company.
3. Government agencies - use
financial statements to regulate
businesses.
4. Consumers use these
documents to find know more
information about the product
they are purchasing.
5. Suppliers - use financial
statements to check if whether or
not a certain business is able to
pay for its debt.
The teacher discusses the different
types of accounting, such as
financial accounting, managerial
accounting, and tax accounting.
The teacher also discusses the
importance of accounting.
- Provide a brief lecture on the
history/origin of accounting (i.e.,
early
accounting
methods,
double-entry bookkeeping system,
industrial revolution in Europe,
accounting
principles,
developments in accounting laws
and
regulations,
modern
accounting
practices,
and
technologies).
- Ask the students about the key
functions of accounting and how
they relate to the history of
accounting.
The teacher will discuss each
external user and what they are
looking for in a financial statement.
- Explain to the students that by the
end of the lesson, they should be
able to define internal users and
give specific examples.
- Show a PowerPoint presentation
that defines internal users of
accounting information. Explain
that these are individuals, groups,
or organizations within a company
that use financial information to
make decisions. Provide examples
such as managers, employees,
and owners.
- Divide the students into small
groups, and distribute a sample
financial statement handouts. Ask
them to identify the internal users
of the statements and what
specific information they are
interested in.
5. Discussing new concepts
and practicing new skills #2
The teacher leads a discussion on
the different applications of
accounting in daily living. For
example, the teacher can discuss
how accounting is used to track
income and expenses, to make
financial decisions, and to prepare
for retirement.
6. Developing Mastery
The teacher gives the students a
quiz or worksheet to test their
understanding of the concepts
that were taught in the lesson.
7. Finding practical
applications of concepts
and skills in daily living
The teacher asks the students to
share their own experiences with
accounting. For example, the
teacher can ask the students if
they have ever used accounting to
track their income and expenses,
or to make financial decisions.
8. Generalizing and
abstractions about the
lesson
The teacher leads a discussion on
the broader implications of the
concepts that were taught in the
lesson. For example, the teacher
can discuss how accounting can
be
used
to
measure
the
performance of a business, or to
make strategic decisions.
- Divide the class into groups and
let them create a timeline of
significant events related to
accounting.
- Each group must research and
present a brief explanation of
each event, as well as the
significance of these events to the
development of accounting.
- Encourage discussions and
debates
among
groups
to
develop critical thinking towards
understanding the topic more.
- Divide the students into groups
and let them create a short skit or
play
portraying
the
early
accounting methods and how
they
evolved
into
modern
accounting practices.
Encourage
creativity
and
accuracy in presenting the facts
while letting students enjoy the
role-playing.
- Have a mini-award ceremony or
recognition
as
part
of
encouragement and celebrating
the students' hard work.
- Have a short discussion about the
importance of accounting in our
daily lives, even outside of
business.
Give
examples
such
as
budgeting, managing expenses,
and keeping track of personal
finances.
- Wrap up the discussion and ask
the students about the importance
of
studying
the
history
of
accounting.
- Encourage the students to
appreciate the development of
accounting and its significance in
the business world.
The teacher will distribute sample
financial statement and ask the
students to identify which external
user would benefit from the
information presented.
- Present a case study of a
company and ask each group to
identify which internal user in the
situation
needs
specific
accounting information. Then, let
them explain what they need and
why this information is needed.
The teacher will conduct an
engaging activity called “External
User’s Jeopardy”. The teacher will
divide the class into groups and
every group will compose of 3 to 4
members. Each group will need to
choose a category from the board
where it has corresponding
questions with different points.
- As a form of summative practice,
ask the students to create a Mind
Map or any visual representation
that illustrates the sources of
accounting information and the
internal users they serve. They may
use different colors, shapes, or
symbols for each group of internal
users. They may also include
specific
items
of
financial
statements that each group
needs.
The teacher will ask each group to
think of a practical application of
how external users apply financial
statements in their daily lives.
The teacher will ask the students to
create a chart showing the
different external users and their
purpose
for
using
financial
statements.
- Challenge the students to identify
and share an example of how they
themselves are internal users of
accounting information in their
daily life. Encourage them to share
how this financial information
influenced their decisions.
- Wrap up the lesson by
summarizing the main points
discussed,
emphasizing
the
concept of internal users and its
significance in the field of
accounting. Ask some reflective
questions, like, "Why is it important
9. Evaluating Learning
10. Additional Activities for
Application or Remediation
REFLECTION
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 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?
The teacher collects the quizzes or
worksheets that were given to the
students in order to evaluate their
learning.
The teacher provides additional
activities for the students who need
remediation. For example, the
teacher can provide the students
with additional worksheets or
practice problems.
The teacher will assess the
students’ learning by asking them
to take a short quiz consisting of
multiple choice questions.
- For application, assign a case
study that requires the students to
apply their knowledge of the
history of accounting to practical
situations.
- For remediation, a recap of terms
and concepts, provide additional
worksheets that tackle the topic
discussed in the lesson.
to know your users of financial
information?"
- Give the students an assessment
sheet that could help evaluate
their learning from the session like a
quiz or a set of self-reflection
questions.
- For students who finished early,
consider providing them with
additional exercises, such as
research or role-playing games
related to the business sector,
finance,
and
accounting.
Encourage students who did not
understand the essential concept
to attend additional consultancy
hours with the teacher.