This daily lesson plan outlines a class for Grade 12 students on the Statement of Financial Position (SFP). The objectives are for students to demonstrate an understanding of asset, liability, and capital accounts on the SFP and to be able to prepare an SFP for a sole proprietorship. The teacher will present the elements of the SFP using meta strips and a PowerPoint discussion of a sample SFP. Students will then generalize their understanding of the SFP elements. An assessment quiz will require students to classify a narrative SFP. The assignment is for students to prepare their own SFP as a sole proprietor.