Welcome to

Fundamentals of Accountancy, Business and

Management 2
SECOND
SECOND QUARTER
QUARTER

MRS. SHIELA A.
BAUTISTA
PNHS-Main, SHS Department
Fundamentals of Accountancy, Business and
Management 2
Prayer
 GROUP 1 GROUP 2 GROUP 3 GROUP 4
DIGITIZED #3 DIGITIZED #3 DIGITIZED #3 DIGITIZED #3
1.Lunaba, Mitchelhan R. 1.ANGKAY, ALLEA BLANCA Q. 1.SOVERANO, NESLY R. 1.LAGUE, ARABELLA JOSELLE D.
2.STO. DOMINGO, REYMARK CEDRIC C. 2.SABILLA JR. RUEL B. 2.GUNGON, RACHELLE ANNE A. 2.LOPEZ, HANNA MAE O.
3.Borromeo, Ara Lei 3.TENIDO, KISELLE ALESSANDRA M. 3.VIDA, LIZZIE ASHLEY A. 3.VERANA, AIVY B.

DIGITIZED #4 DIGITIZED #4 DIGITIZED #4 DIGITIZED #4

4.CAPRICHO, SHANE D. 4.HERMO,VERMONT RAMON M. 4.PHUA, ANDREA G. 4.ATANACIO, SOPHIA ANNE NICA P.
5.PERALTA, JEZZAVHEL N. 5.SALVADOR, DJAEZARIE JOIE P. 5.CAMOCA, ELISHA C. 5.AZUELA, JESSA MAE S.

PRINTED #2 PRINTED #2 PRINTED #2 PRINTED #2

1.BENTURADO, JENNIFER B. LLANDRES MYCA PORRAS ALANO,JOSHUA R. BILANGEL, JOHN JAIRO G.
GATCHALIAN, JOSELITO II Milano,Evangeline B.

GROUP 5 GROUP 6 GROUP 7 GROUP 8

DIGITIZED #3 DIGITIZED #3 DIGITIZED #3 DIGITIZED #3
1.OMEGA, KENT EZEKIEL R. 1.YSAO, MA.LOURDES 1.GUIYAB, TRACEY KLARE G. 1.ELEVADO,GIECEL JANE A.
2.ALOC, LORIE JEAN S. 2.LUZAURA, SHARINA B. 2.TEJONES, LOVELY RHOJHEN HEART T. 2.LOBERIANO, CARL WENCI C.
3.SILVA, DIANE H. 3.Agdon, Je-ann C. 3.JERESANO, ANNA MAE P.
DIGITIZED #4
DIGITIZED #4 DIGITIZED #4 DIGITIZED #4 3.CAMACHO, DEMI-RAE A.
4.ARISCON JHUN LISTER PINCA 4.DELA CRUZ, KAYSEY NICOLE C. 4.AGUILA, BEBERLY E. 4.Carisma, George Gabrielle C.
5.PULGA, MARYAN MAE B. 5.Bucsit, Princess Anne M. 5.GARCIA, MA. ELENA O. 5.COLANA, ARNEL O.
6.MATIN-AO, PRINCESS JOY V. 6.CUARESMA, ALLEN BRIX B.
PRINTED #2 PRINTED #2
6.JARANILLA, IRENE H. PRINTED #2 PRINTED #2 6.OCHONDRA, CATHRINA PAULA EDEM
7.MARTINEZ KIMBERLY D. 7.DORMIENDO, HARVEY L. 7.ISO, JEMBOY MANABAT 7.Parado, Arjae V.
8.DACLIS, MARK RAIVEN Q. 8.ARTIGA, CHRISTOPHER JAN U.

GRADE 12 – ABM BEZOS

 GROUP 1 GROUP 2 GROUP 3 GROUP 4
DIGITIZED #3 DIGITIZED #3 DIGITIZED #3 DIGITIZED #3
1.DELA CRUZ, JHON PAUL G. 1.LASAY, DINA J. 1.Carreon, Kyla C. 1.TERENCIO, DEXTER C.
2.CHAVEZ, MICAELLA PAULA D. 2.MORENO, KATRINA SHANDI E. 2.LAUDE, STEPHEN CARL C. 2.TAPA, ALLYZA JOY L.
3.ONATO, ZHAIRA LYN A. 3.REYES, MARK REINIER Y. 3.CURAMENG, MIKYLA N. 3.LEDESMA, MERRY GRACE M.
4.WAPILI, STEPHANIE B.
DIGITIZED #4 DIGITIZED #4 DIGITIZED #4
DIGITIZED #4 4.VILLEGAS, RENICA LOURIELLE, C. 4.Untalan, Trisha Mae P. 4.CORTES, KATE ASHLEY, R.

PRINTED #2 PRINTED #2 PRINTED #2

PRINTED #2 5.PEREZ, JAMES D. 5.JAYAG, JENNIFER 5.TAMOR, BIANCA MAE F.
5.Tacuyo Ferdinand A 6.CABIGAO,GHIEZTER LYZIER G. 6.BAGASALA JOHNLLOYD G 6.DE LA CRUZ, MICHAELA T.
6.MARIÑO, TRISHA KHATE R. 7.ORACION,ALLIAH SHAIRA D.
7.SARMIENTO, RYAN P.

GROUP 5 GROUP 6 GROUP 7 GROUP 8

DIGITIZED #3 DIGITIZED #3 DIGITIZED #3 DIGITIZED #3
1.Viña, Marc Vincent A. 1.GUNDA, PAUL EVERARD LUIS B. 1.OBREGON, ANGELINA L. 1.DE LEON,DIMPLE SANTOS.
2.Manliclic Flone Villarante 2.Tamboong Rodelyn Rivera 2.Alarcon, Mark Anton A. 2.DATOR, RIZABELLA L.
3.TOLENTINO, MARIA JESSICA R. 3.MAQUILING, FELIZ ANN S. 3.CHAN,DIANE M. 3.SAN PEDRO, DANNA JHOY

DIGITIZED #4 DIGITIZED #4 DIGITIZED #4 DIGITIZED #4

4.Condes, Vin Joshua C. 4.ESCOTO, MYCA T. 4.Polizon, Maxinne Reemah B. 4.Tangian, Katrina Nicole

PRINTED #2 PRINTED #2 PRINTED #2 PRINTED #2

5.SUMIDO, SHERYL P. 5.JALMASCO, VYA 5.SOLIMAN, GRACE ANN R. 5.Toubas, Alice P.
6.MANUEL, CHRIZEL B. 6.TAN, MARK EIZEKLE L. 6.VELOS, ELMIE BABE 6.ROJO, KEANNA JENAH MAE R.

GRADE 12 – ABM VEKSELBERG

Fundamentals of Accountancy, Business and
Management 2
SHS 12 FABM2
MOST ESSENTIAL LEARNING COMPETENCY M1 PART 1

At the end of this lesson, you will be

able to:
1. Identify the elements of the
SFP and describe each of them.
2. Prepare an SFP using the
report form and the account
form with proper classification
of items as current and
noncurrent.
K to 12 Most Essential Learning Competencies With Corresponding CG Codes
Fundamentals of Accountancy, Business and Management 2, Page 586
Code: ABM_FABM12-Ia-b-1 & ABM_FABM12-Ia-b-4
SHS 12 FABM2
SPECIFIC OBJECTIVES M1 PART 1

At the end of this lesson, you will be

able to:
 solve simple business transaction problems.
 identify the elements of the Statement of
Financial Position (SFP) and classify them
properly.
 Differentiate the account and report form of
Statement of Financial Position.
 Prepare an SFP using the report form and
the account form with proper classification
of items as current and noncurrent.
SHS 12 FABM2
Scavenger Hunt M1 PART 1

Directions: The teacher will give a category and every student needs to find an
object or objects that you think fits on the description of the category. Take a
picture and send it in your section GC. The first one who will send the selfie with
the item will have a chance to have power-ups and his/her LOAL team will earn
5 group points.
SHS 12 FABM2
POWER - UPS M1 PART 1

Double Jeopardy Players get double points if they choose the answer correctly but
lose it all if they choose the wrong answer
X2 Players get twice the points for answering a question right
50-50 Eliminates half of the incorrect options
Eraser Eliminates one wrong option
Immunity 2 attempts are allowed for answering the same question
Time Freeze Timer is frozen to allow players to answer 1 question
Pass it on The player can choose and pass the question to other players
Lifeline The player can choose one of his/her groupmates to help him/her in
answering the question
SHS 12 FABM2
Scavenger Hunt M1 PART 1

CATEGORY

Item that you can describe as ASSETS

Item that you can describe as LIABILITIES

Item that you can describe as EXPENSES

SHS 12 FABM2
LET’S UNDERSTAND M1 PART 1

Assets
controlled resources resulted from
past transactions and events in
which are expected to have
economic benefits that flow in the
business.
SHS 12 FABM2
LET’S UNDERSTAND M1 PART 1

Liabilities
obligations of the business to
creditors (creditor’s equity) occurred
from the past transactions or events
which are expected to be settled and
will result to outflow of business’
resources.
SHS 12 FABM2
LET’S UNDERSTAND M1 PART 1

Capital
represents the right of the owner
on the assets of the business
(owner’s equity)
SHS 12 FABM2
LET’S RECALL M1 PART 1

DIRECTION:
1. Identify the accounts affected by the
given transactions.
2. I will read the transaction twice and after
I send the Que message “Question no. __”
on the chat box, you will now send your
answer.
3. The one who got the correct answer will
have 5 individual points and his/her
LOAL team will have 3 group points.
Have a screenshot of the chatbox.
4. The answer sent before the Que message
is void.
SHS 12 FABM2
LET’S RECALL M1 PART 1

BUSINESS TRANSACTION #1
The owner invested additional cash in
the business.

CASH OWNER’S CAPITAL

SHS 12 FABM2
LET’S RECALL M1 PART 1

BUSINESS TRANSACTION #2
Purchased supplies on account.

SUPPLIES
ACCOUNTS PAYABLE
SHS 12 FABM2
LET’S RECALL M1 PART 1

BUSINESS TRANSACTION #3
Purchased equipment paying half in cash
and issued notes for the rest.

EQUIPMENT
CASH
NOTES PAYABLE
SHS 12 FABM2
LET’S RECALL M1 PART 1

CASH
OWNER’S CAPITAL
SUPPLIES
ACCOUNTS PAYABLE
EQUIPMENT
CASH
NOTES PAYABLE
SHS 12 FABM2
LET’S RECALL M1 PART 1

CLASSIFY THE ACCOUNTS

ASSE LIABILI CAPITA
TS TIES L

SUPPLIESCASHOWNER’S CAPITAL
CASH ACCOUNTS PAYABLE
EQUIPMENT NOTES PAYABLE
SHS 12 FABM2
LET’S RECALL M1 PART 1

CLASSIFY THE ACCOUNTS

ASSE LIABILI CAPITA
TS
SUPPLIES TIES L
CASH
CASH
EQUIPMENT
OWNER’S CAPITAL
ACCOUNTS PAYABLE
NOTES PAYABLE
SHS 12 FABM2
LET’S RECALL M1 PART 1

CLASSIFY THE ACCOUNTS

ASSE LIABILI CAPITA
TS
SUPPLIES TIES PAYABLE
ACCOUNTS L
CASH NOTES PAYABLE

CASH
EQUIPMENT
OWNER’S CAPITAL
SHS 12 FABM2
LET’S RECALL M1 PART 1

CLASSIFY THE ACCOUNTS

ASSE LIABILI CAPITA
TS
SUPPLIES TIES PAYABLE
ACCOUNTS L
OWNER’S CAPITAL
CASH NOTES PAYABLE

CASH
EQUIPMENT
SHS 12 FABM2
LET’S UNDERSTAND M1 PART 1

ELEMEN
TS OF
Statement of Financial Position

SFP
SHS 12 FABM2
LET’S UNDERSTAND M1 PART 1

SFP
Statement of Financial Position
also known as Balance Sheet, is one of
the financial reports that a business
should prepare at the end of a specific
period in which lists the balances of
assets, liabilities, and owner’s equity.
SHS 12 FABM2
LET’S UNDERSTAND M1 PART 1

Statement of Financial Position

SHS 12 FABM2
LET’S UNDERSTAND M1 PART 1

Statement of Financial Position

SHS 12 FABM2
LET’S UNDERSTAND M1 PART 1

Statement of Financial Position

SHS 12 FABM2
LET’S UNDERSTAND M1 PART 1

Statement of Financial Position

SHS 12 FABM2
LET’S UNDERSTAND M1 PART 1

Statement of Financial Position

SHS 12 FABM2
LET’S UNDERSTAND M1 PART 1

Statement of Financial Position

SHS 12 FABM2
LET’S UNDERSTAND M1 PART 1

Statement of Financial Position

Short-term
Long-term
SHS 12 FABM2
LET’S UNDERSTAND M1 PART 1

Statement of Financial Position

SHS 12 FABM2
EXERQUIZ – ANSWER BY DOING M1 PART 1

Shoulder up and down Jumping Jacks Squat

SHS 12 FABM2
EXERQUIZ – ANSWER BY DOING M1 PART 1

These are assets that are

expected to be converted to
Current Assets cash within a year, for
QUESTION NO. 1

instance, cash, accounts/notes

receivable, inventory, and
prepaid expenses.
Noncurrent Assets

Assets
SHS 12 FABM2
EXERQUIZ – ANSWER BY DOING M1 PART 1

These are firm’s long-term

Current Assets debt that are not due within a
QUESTION NO. 2

year or operating period, such

as, lease and bonds payable.

Current Liabilities

Noncurrent Liabilities
SHS 12 FABM2
EXERQUIZ – ANSWER BY DOING M1 PART 1

SFP presentation where

Statement of Financial Position liabilities and owner’s equity
QUESTION NO. 3

are listed after the asset

section.

Account Form

Report Form
SHS 12 FABM2
EXERQUIZ – ANSWER BY DOING M1 PART 1

These are firm’s short-term

Current Assets financial obligation that needs
QUESTION NO. 4

to return within a year or

within an operating period,
for example, accounts
Current Liabilities payable, unearned revenue,
and accrued expenses.

Liabilities
SHS 12 FABM2
LET’S ANALYZE M1 PART 1

QUIZZIZ GAME

https://quizizz.com/join?gc=002671
SHS 12 FABM2
LET’S CREATE M1 PART 1

Group Activity
1. Using the worksheet, prepare the SFP of
Gurpreet’s Lawn Green Care and Snow Removal
in 15 mins.
2. Use any online platform to accomplish this
activity, such as Google Slide, Google Sheet,
Jamboard and the like.
3. Take a screenshot of the activity showing your
answers and participants for your
documentation and evidence of participation.
SHS 12 FABM2
LET’S CREATE M1 PART 1

Group Activity
SHS 12 FABM2
LET’S SUMMARIZE M1 PART 1

GENERALIZATION
 SFP
 Asset, Liabilities, and Capital
 Current – short-term/ within a year
 Noncurrent – long-term/more than a year

Identify the elements of the SFP and describe each of

them.
Prepare an SFP using the report form and the account form
with proper classification of items as current and
noncurrent.
SHS 12 FABM2
LET’S SUMMARIZE M1 PART 1

ANSWER – SFP Account Form

GURPREET'S LAWN CARE AND SNOW REMOVAL
STATEMENT OF FINANCIAL POSITION
For Year Ended March 31, 2016

ASSETS LIABILITIES
Current Assets Current Liabilities
Petty Cash 200.00 Accounts Payable, Parent 600.00
Chequing Account 2,450.00 Tax Payable 550.00
Lawn Care Supplies 150.00
Total Current Assets 2,800.00 Noncurrent Liabilities
Bank 6,400.00
Noncurrent Assets
Snow Blower 1,000.00 Total Liabilities 7,550.00
Shoveling Equipment 65.00
Lawn Care Equipment 1,000.00 CAPITAL
Truck 8,000.00 Net Income 5,865.00
Total Noncurrent Assets 10,065.00 Owner's Capital 500.00
Owner's Drawing 1,050.00
Total Capital 5,315.00

TOTAL ASSETS 12,865.00 TOTAL LIABILITIES AND CAPITAL 12,865.00

SHS 12 FABM2
LET’S SUMMARIZE M1 PART 1

ANSWER – SFP Report Form

GURPREET'S LAWN CARE AND SNOW REMOVAL
STATEMENT OF FINANCIAL POSITION
For Year Ended March 31, 2016

ASSETS
Current Assets
Petty Cash 200.00
Chequing Account 2,450.00
Lawn Care Supplies 150.00
Total Current Assets 2,800.00

Noncurrent Assets
Snow Blower 1,000.00
Shoveling Equipment 65.00
Lawn Care Equipment 1,000.00
Truck 8,000.00
Total Noncurrent Assets 10,065.00

TOTAL ASSETS 12,865.00

LIABILITIES
Current Liabilities
Accounts Payable, Parent 600.00
Tax Payable 550.00
Total Current Liabilities 1,150.00

Noncurrent Liabilities
Bank 6,400.00

Total Liabilities 7,550.00

CAPITAL
Net Income 5,865.00
Owner's Capital 500.00
Owner's Drawing 1,050.00
Total Capital 5,315.00

TOTAL LIABILITIES AND CAPITAL 12,865.00

ACCOUNTING 2