PRIVATE EDUCATION ASSISTANCE COMMITTEE ADAPTIVE TEACHING GUIDE Most Essential Topic # 1: Statement of Financial Position (SFP) Lesson # 1.2: Elements of the Statement of Financial Position Prerequisite Content-knowledge: A Snapshot of the Financial Position – Identify the elements of SFP and describe each of them. Prerequisite Skill: Communication – Explain the elements Statement of Financial Position and describe each of them. Prerequisites Assessment: K-W-H-L Chart Let the students track what they know (K), what they want to know (W), how they will find out the information, and what they have learned (L) about the snapshot of the financial position completing the K-W-H-L Chart so that the teacher can gauge as what level the students prior KSA are before starting the first topic. PRIVATE EDUCATION ASSISTANCE COMMITTEE PRIVATE EDUCATION ASSISTANCE COMMITTEE Pre-lesson Remediation Activity: 1. For Students with Insufficient Level on Prerequisite Content-knowledge and/or Skill(s): Additional Readings and Videos on statement of financial position Readings: Financial Position: https://www.accountingtools.com/articles/financial-position Videos: Statement of Financial Position: https://www.youtube.com/watch?v=lp1ZlL-LkmU&list=PLqGhhQ3Ku9CaLApQNiBMytbFvou0Ob3xQ&index=3 Statement of Financial Position: https://www.youtube.com/watch?v=GfLxnD7gDoE 2. For Students with Fairly Sufficient Level on Prerequisite Content-knowledge and/or Skill(s): Think-Pair-Share (small group discussion) on the lesson of Snapshot of the Financial Position. Introduction: 1. time frame a student is expected to finish in learning the lesson (and where to contact the teacher when concerns arise) 1 meeting (1 hour) Online: message teacher through LMS or Google Classroom / through class Group Chat Offline: text/call teacher following the consultation schedule (Ms. Ollamina-09565683338) 2. the knowledge (RUA) the student is expected to gain from learning the topic/lesson. MELC: Classify the elements of SFP into current and noncurrent elements PRIVATE EDUCATION ASSISTANCE COMMITTEE 3. Context where the student is going to apply his/learning (In what PAA/EFAA and personal use?) ESSAY Reflection on the importance of current and non-current items of in the SFP 4. Overview of the Lesson Understanding the elements of the statement of financial position is essential for evaluating a company's financial health, liquidity, solvency, and ability to meet its obligations. It provides valuable information for investors, creditors, and other stakeholders to assess the company's financial position and make informed decisions. You have 1 hour to finish the lesson. In case of difficulty, you may contact me online through our LMS or class group chat. In case of poor internet connection, you may contact me following our consultation schedule via cellphone number (09565683338). Student’s Experiential Learning: (Note: Use the Flexible Learning Activity Identified for the topic/lesson relative to the General Enabling Teaching Strategy) Lesson Chunks 1 Formative question What are the elements of Financial Position and what account titles belonging in each element? Blended (In-Person) Document Analysis via Google Classroom and Worksheet Blended (Modular) Document Analysis inModule and Worksheet Chunk 1 Let the students study the document below and let them answer the following: Modified Matching Type Long-term payable Accounts Payable Notes Payable Cash Property, Plant, and Equipment Owner’s Capital Accounts Receivable Unearned Income Notes receivable Prepaid Expense Accrued Expenses Inventory PRIVATE EDUCATION ASSISTANCE COMMITTEE Requirements: 1. Match the accounts on the table with the appropriate elements of the SFP below: ASSET LIABILITIES EQUITY Discussion: Use this link as reference for in-depth discussion and processing of students’ answers to target the learning competency of the lesson: https://www.investopedia.com/terms/f/financial-statements.asp https://www.accountingtools.com/articles/what-is-the-statement-of-financial-position.html https://www.accountingtools.com/articles/what-is-an-asset.html https://www.accountingtools.com/articles/liability https://www.accountingtools.com/articles/equity RUA of a Student’s Learning: Determine the normal balance of an account K-W-L Narrative (Written) to develop: critical thinking, communication, situational analysis, and collaboration PRIVATE EDUCATION ASSISTANCE COMMITTEE Post-lesson Remediation Activity: Enrichment activity on the elements of the Financial Position (Documentary Video with Guide Questions) https://www.youtube.com/watch?v=l1PbKYpKj6g&list=PLqGhhQ3Ku9CaLApQNiBMytbFvou0Ob3xQ&index=2 – Statement of financial Position https://www.youtube.com/watch?v=HuWHuwnAcgI – Elements of financial position https://www.youtube.com/watch?v=yOQiA1KnntE&t=60s – Types of Major accounts (Elements of financial statements) Guide Questions: 1. What are the elements of financial position? 2. What are the examples of account title per element of financial position or major accounts? PRIVATE EDUCATION ASSISTANCE COMMITTEE PRIVATE EDUCATION ASSISTANCE COMMITTEE References: Fundamentals of Accountancy, Business and Management 1&2: https://www.youtube.com/@sirchuasaccountinglessonsp3030 Financial Position: https://www.accountingtools.com/articles/what-is-the-statement-of-financial-position.html Statement of financial Position https://www.youtube.com/watch?v=l1PbKYpKj6g&list=PLqGhhQ3Ku9CaLApQNiBMytbFvou0Ob3xQ&index=2 Elements of financial position https://www.youtube.com/watch?v=HuWHuwnAcgI Types of Major accounts (Elements of financial statements) https://www.youtube.com/watch?v=yOQiA1KnntE&t=60s Salazar, D.R., (June 2017). Fundamentals of Accountancy, Business, and Management 2 PRIVATE EDUCATION ASSISTANCE COMMITTEE
