Republic of the Philippines

Department of Education
Region III – Central Luzon
SCHOOL DIVISION OF TARLAC PROVINCE

SEMI-DETAILED
LESSON PLAN

Prepared by:

DEMONSTRATION LESSON PLAN

I. Objective:
 Distinguish three basic types of bank accounts.
 Answer why a savings account is one intended to encourage
savings.
  Emphasize a current or checking account is one where you can
write a checks.
 Appreciate a time deposit is a fund maintained with a bank that
earns higher interest compared to a savings account.

II. Subject Matter:

o Basic documents and transactions related to bank
deposits.
o Distinguishing three basic types of bank accounts.
o Answering why a savings account is one intended to
encourage savings.
o Emphasizing a current or checking account is one where
you can write a checks.
o Appreciating a time deposit is a fund maintained with a
bank that earns higher interest compared to a savings
account.

References:
Fundamentals of Accountancy, Business, & Management part 2,
pp 161-180, by Rodiel C. Ferrer& Zeus Vernon B. Millan.

Materials:
Laptop, Slide, Book, Flash card

III. Procedure:
A. Preliminary Activities:
1. Prayer
2. Greetings
3. Checking the attendance
4. Checking of Assignments
5. Discussion
Have a discussion on Types of Bank accounts.
 Savings account
 Current of checking account
 Time deposit
Have an explanation on why savings account is one intended to
encourage savings, below are the following reasons;
 Depositor may also opt to receive an automatic
teller machine (ATM).
  Interest on savings deposit is accrued daily based
on the end of the balance
 Normally evidenced by a “passbook”.
 An interest-bearing fund maintained at a bank for
no fixed period of time, and not denominated in
fixed amount.
Have an appreciation on why a time deposit is a fund maintained
with a bank that earns higher interest compared to a savings
account
It is because denominated in fixed amount and
interest-bearing fund maintained at a bank for a fixed
period of time (e.g. 30 days, 60 days, 90 days, etc..) and
ultimately it is higher interest rate

6. Review
Have a review on Accounting cycle
1. Analyze business transactions
2. Journalize the transactions
3. Post to ledger accounts
4. Prepare a trial balance
5. Journalize and post adjusting entries:
Deferrals/Accruals
6. Prepare an adjusted trial balance
7. Prepare financial statements: Statement
of Comprehensive, Statement of
financial position, and Statement of
owner’s equity
8. Journalize and post closing entries
9. Prepare a post-closing trial balance

7. Motivation
Play the Video clip.

B. Development Activities
1. Presentation
Define and explain the three parties in check, post
dated check, ante-dated check, and stale check.
 Drawer is the one writing the check and also the
one whose signature appears on the check.
 Payee is the one who is named on the check or the
bearer thereof, and is entitled to payment from the
drawee.
  Drawee is the bank in which the Drawer’s bank
account is maintained.
 DATE – normally a check is dated as at the date it
was written (assume that the date today is Jan. 1,
2011). However, there may be a cases where a
check is dated at an earlier or later date.
o ANTEDATED check – a check dated at an
earlier date (e.g. Nov. 01 2010).
o POSTDATE check – a check dated at a later
date (Feb. 1, 2011).
o STALE CHECK – a check that has not been
encashed for a period months or longer
from its date is called a “stale check” (e.g.
Apr. 1, 2010).

2. Practice
Let the students do repeat in explaining the
terminology and definition of a different checks.

C. Post Activities
1. Generalization
Lead the students to give the following
generalization.
 Types of Bank accounts:
-Savings account
-Current of checking
account
-Time deposit

 Three parties of checks:

-Drawer
-Payee
-Drawee
 Three different date of
check:
-Post dated check
-Ante-dated check
-Stale check

IV. EVALUATION
Ask students to answer the following.
 Types of Bank accounts and explain.

V. ASSIGNMENT
Let students copy their assignment.
Give the definition of the following.
Cash, Account receivable, Prepaid asset, Notes receivable,
Short-term investment and Current assets.