IMPORTANCE OF ACCOUNTING: A DETAILED LESSON PLAN FOR SENIOR HIGH SCHOOL

Subject Matter / Topic History and Importance of Accounting as the

Language of Business to Users of Economic
Information
I. Learning Objective(s) 1. Trace the History of accounting from Biblical to
II. At the end of the lesson/activity, the students are present times.
expected to: 2. Determine and assess the importance and need
of accounting as the language of business.
3. Identify the different users of accounting
4. Cite ways on how to apply being systematic in
our daily lives.
Materials Cartolina, cut-out, laptop, projector, marker,
scotch tape
Reference Financial Accounting, Volume I 2018 edition
(Conrado T. Valix, Introduction to Accounting, Jose
F. Peralta)
Presentation Procedures
Teacher’s Activity Student’s Activity
A. Opening Activities
1. Prayer
May we start today’s activities with a
prayer.
2. Greetings
Good afternoon class!
3. Checking of Attendance
Before we start, make sure that you are in
your proper seat. Kindly tap your
seatmate/s. Who among you did not have
a seatmate to tap? Who is/are absent?
B. Review
Do you still remember what we discussed
last meeting?
Now please form two groups by counting
1,2,1,2 and so on. Let s try to recall the
meaning of accounting through this The students formed themselves into two groups.
activity. On the board you can find
jumbled key words necessary to define
accounting. I will give you two minutes to
organize the definition statement involving
those keywords.
(Teacher will cite a simple example).

Well done both groups! (Teacher will give

points to each group)
Each will earn 3 additional points!

From this definition can you remove from The students will actively participate in the activity
the board the three important activities in Ma’am, the three business activities are the
the accounting process? following:
1. Identifying
2. Measuring
3. Communicating

Excellent! Please take your seat.

C. Motivation
I will give each group two pictures. Then as
a group, discuss among yourselves what
 you think and feel about the pictures.
After 5 minutes, choose someone who will
present what you have discussed in your
group.

(Teacher will show the pictures). (students are motivated)

Good job two groups! You amazed me with
your own points of view! The two representatives of each group will be
given chance to present their discussions.
We can say that accounting is a subject No, ma’am.
worth learning. Some of you may take an
introductory accounting class even though
you are a little bit furious about the end
result of this venture. However, if you will
focus on the real importance of
accounting, you do not want to end up just
like him, do you?

‘D. Lesson Proper

We start our topic for today with a simple
glimpse on the Importance of accounting.
Today’s accountants are masters of a varied
art, with knowledge spanning finance,
legislation, and more. But how did it all begin?

Let us try to visit the past by reading this

simple dialogue. I will read the part of the
father and you as the son. Please pay attention
because I will be asking some questions while
we read this.

Importance of Accounting
One afternoon, a 16 year-old son asked his
father.
Student A: Son: “Father, what do we call the book
of books that is commonly called the Word of
God?”
Teacher: Father: It is the Bible son. How nice
of you to ask about that. I remember before
the discovery of microorganisms and their role
of spreading disease, the Bible which is God’s
word recommended hygienic practices that are
still relevant today. Please read Deuteronomy
23: 12, 13. Student B: Son: “12 A private places should be
designated for use outside the camp, and there is
where you should go.”
“13 A peg should be part of your equipment.
When you squat outside, you should dig a hole
with it and then cover your excrement.”
Father: In order for us to stay fit and healthy. Father, what does this mean?
The Bible suggested that we need to
construct a comfort room to dispose the
Human wastes in a toilet bowl. Student C: Son: In Biblical times, it showed that
God is excellent in the field of Science and Health!
My course is accounting and we are trained to be
good in keeping records. Father, if God is good in
science and health, do you also believe that God is
systematic in all things?
Father: Yes, of course! His most amazing project
was the “Creation!” He recorded all the
activities systematically for 6 days. Indeed!
This will only tell us that He is a God of Student D: Son: God might have been the greatest
arrangement and not of disorder. That is why accountant!
we also can perfectly see how our parts of our
 body are amazingly placed in its acceptable
order.
Father: Yes, my son. I will read to you the
evidence found at Matthew 10: 30 :
“30 But even the hairs of your head are all Student E: Son: “God is the founder of accounting.
numbered.” He is recording, measuring, numbering all things
that are accountable even the hairs of our head.

What can you say about this dialogue? Student will appreciate the lesson.
Very Good! Now let us try to determine and
assess the need and importance of accounting
as the language of business. Students will listen attentively and interact in the
( Teacher will discuss through the use of power middle of the discussion.
point presentation)
Brief introduction
 Accounting is as old as money itself
 Long ago, commercial activities started
from a Barter System (exchange of goods
for goods) and at that time records
keeping have not felt as necessity.

The Industrial revolution in 19th century

experienced a rapid rise in population dealing
with commercial activities centered on Mass
production involving
 credit terms. (goods sold on account)
 These reasons have made the recording of
business transactions a necessity.
 Moreover, there are a lot of changes in
technology and market that brought a stiff
competition among business
establishments. The Accounting system
was affected as it also undergone
remarkable changes.
Importance of accounting as the
Language of Business
 If a person starts a business whether it is
large or small, his main aim will be to earn
profit.
(Teacher will demonstrate)
 While running the business he will be
receiving money or spending it through
the following process:
 Receiving money from selling goods
and/or earning interest from bank
deposits
 Spending money from purchasing of
goods, paying administrative and
operating expenses such as salaries, rent
and utilities.
 Many activities take place in the normal
course of business. (Take note: on a daily
basis) At the end of the year, the
businessman should know his progress.
 Does the business earning profit?
 Or suffering from loss?
 Businesses will have numerous
transactions and absolutely not possible
to recall all these transactions. A
businessman will not be able to store in
his memories all the business
transactions.
 These reasons has made accounting a
NECESSITY to be able to note or record
 Incomes and expenditures in a clear and
systematic way to showcase the
following:
 Business performance
 Business position

If you are to rate the importance of accounting 100 % Ma’am.

from 0% to 100%, what will you give? Why?

Excellent!

The history of accounting is thousands of years

old and can be traced to ancient civilizations.

Let us watch this simple video on History of Students will watch the video presentation.
accounting.
You may jot down notes because after this I
will be asking some questions about what we
have watched?
Enjoy watching!

Question: What part did you like the most

from the video that we have watched? Why?
I have here important things that can be
learned from the history of accounting. On the
board is a simple timeline. Let us see if you can
help me place these on its proper column.
(The columns are Biblical Times, Middle Ages, Student will discuss his/her answer.
Industrial Revolution and the Modern World).

Okay let us start. (clay tokens, Barter System,

Luca Pacioli’s Summetra Arithmetica Geo,
Quickbooks, cuneiform, scribe)

Excellent! Students actively participate in the activity

The Italian Luca Pacioli, recognized as the
Father of accounting and bookkeeping was
the first person to publish a work on Double-
entry Bookkeeping, and introduced the field
in Italy.

After determining and assessing the

importance of accounting as the language of
business and tracing its history from biblical
times to present you are now ready to identify
the Users of accounting.

This is our last activity. Match the correct users

of accounting and on how it can help these
individuals in decision making. I gave you
the choices and as I present the visuals and its
details just raise your best answer.

Good job!
E. VALUING
How can you apply being systematic in Student will present his/her self-reflection.
your daily life/ activities?

We are made in God’s image and like Him we

all want things to be systematically accounted.
 F. GENERALIZATION
1. How did the concept of accounting start
and evolve?
2. How important is accounting as the
language of business?
3. Who are the different users of
accounting?
G. EVALUATION
On your working paper, please answer Ma’am time constraint.
these set of questions. I will give you 5
minutes to answer.
The teacher will distribute the test papers
and will read the directions twice.
Pass your paper class!
Congratulations to those who were able to
finish the activity.
For those who are not able to finish what
difficulty did you encounter?
Okay next time, please make use of your
time wisely.

H. ASSIGNMENT
Define the following terms:
Assets, Liabilities, Capital, Income & Expense
Name: _________________________________ Date: _____________________

Year & Section: __________________________ Score: _____________________

Direction: True or false. Write true if the statement is correct, otherwise false.

1. ______The Father of accounting is Luca Pacioli.

2. ______ The accountant is the one who decides on the business plans and
activities.
3. _______The main objective of a businessman in establishing a business is to
serve and to suffer business loss.
4. _______There is a big need for accounting only on the 19 th century and it is no
longer applicable in modern times.
5. _______Accounting provides a systematic way of recording the income and
expenditures in a company.
6. _______ A businessman is able to store in his memory all the business
transactions on a daily basis.
7. _______ There is an effect on changes to technology and market to the changes
on a company’s accounting system.
8. _______We are made in image and likeness of God that is why we do not want
a systematic recording of our assets and liabilities.
FILL IN THE BLANKS.
9. _______ The type of users of accounting who are interested in the financial
progress or status of the business.
10. _______It is the language of business.

“All the passion and all the rewards lie on the other side of doing the work.” – Joshua Fields
Millburn