Manuel S. Enverga Institute Foundation Inc.

San Antonio, Quezon

SY 2018-2019

Fundamentals of Accountancy, Business and Management 1

12 General Academic Strand
Syllabus
Buena M. Villarojo Aranda

SUBJECT DESCRIPTION: This is an introductory course in accounting, business, and management data analysis that will develop students’ appreciation of accounting as a language of business and an
understanding of basic accounting concepts and principles that will help them analyze business transactions.

GENERAL OBJECTIVES: To develop students’ appreciation of accounting as a language of business and an understanding of basic accounting concepts and principles that will help them analyze business
transactions and hopefully to help them apply in the real life set up.

GRADING SYSTEM:
 Written Works 25%  Performance tasks 45%  Quarterly Test 30% Total 100%

Prepared by: Approved by:

BUENA M. VILLAROJO-ARANDA JOCELYN M. ARANDA, MAED
Subject Adviser Officer-In-Charge
 TIME TOPIC OBJECTIVES STRATEGIES EVALUATIVE
MEASURES

NOVEMBER QUARTER I
PART 1: INTRODUCTION TO ACCOUNTING
Chapter 1: Nature of Accounting and Its 1.1 Define Accounting  Lecture
Business Environment 1.2 describe its nature and functions in business  Discussion  Written Works
 Group Activities  Recitation
2.1 know the origin and history of accounting  Independent Study  Performance Test
1. The Nature of Accounting  Portfolio
2. History of Accounting 3.1 differentiate the branches of accounting
3. The Business Environment 3.2 explain the types of services rendered in each branch of
4. Accounting Concepts and Principles accounting
3.3 know the different types of business organizations
3.4 know the legal requirements in the formation of a business
3.5 classify the different types of business operations

4.1 define generally accepted accounting principles (GAAP)

4.2 know and appreciate the basic accounting principles used
in the practice of accounting

PART 2: ACCOUNTING FOR THE SERVICE

BUSINESS
Chapter 2: Assets, Liabilities, Capital,
Revenue, and Expenses of the Financial
Statements  Lecture
 Discussion  Written Works
1. Financial Statements 1.1 Classify the types of financial statements  Group Activities  Quiz
2. Assets 1.2 Identify the typical accounts used in financial statements 
 Independent Study Recitation
3. Liabilities
 Survey Vicinity  Board work
4. Owner’s Equity 2.1 Classify and identify assets as a basic element in
 Discussion  Written Works
5. Income and Expense accounting
6. The Single-Step Income Statement  Group Activities  Portfolio
3.1 Classify and identify liabilities as a basic element in  Brainstorming
accounting  Group Quiz Bee
 4.1 Define and identify owner’s equity as a basic element of
accounting
5.1 Classify and identify income and expense as basic
elements of accounting

6.1 Prepare a single-step income statement of a service

business

DECEMBER QUARTER II
Chapter 3: The Accounting Equation

1. Effects of Owner’s Investment/Withdrawal

and Cash Acquisition 1.1 Identify the effects of transactions on the assets and  Lecture  Written Works
2. Effects of Income Earned and Payment of owner’s equity as a result of owner’s investment/withdrawal  Discussion  Quiz
Expense and cash acquisition of assets.  Group Activities  Recitation
3. Effects of Transactions on the Accounting  Independent Study  Board work
Equation 2.1 Identify the effects of transactions on the assets and  Survey Vicinity  Written Works
owner’s equity as a result of income earned and payment  Discussion  Portfolio
of expenses  Group Activities  Performance Test
 Brainstorming
3.1 Identify the effects of transactions on the assets, liabilities,
 Group Quiz Bee
and owner’s equity as a result of different transactions affecting
the accounting equation
3.2 Analyze the different transactions in the service type of
business
Chapter 4: Recording the Business
Transactions (Double-entry System)

1. The Accounting Cycle

2. Recording Transactions in the Journal 1.1 Define the double-entry system of recording transactions
3. The T-account 1.2 Familiarize oneself with the accounting cycle  Lecture
4. Posting Journal Entries in the Ledger  Discussion
 Group Activities  Written Works
5. The Trial Balance 2.1 Familiarize with journal as a book of account and know its
 Independent Study  Quiz
uses
2.2 State and apply the rules of debit and credit  Discussion  Recitation
2.3 Journalize transactions in the general journal  Group Activities  Board work
  Brainstorming  Portfolio
3.1 Analyze the transactions with the use of the debit and credit in  Group Quiz Bee  Written Works
T-accounts

4.1 Post the journal entries in the general ledger

4.2 Familiarize with the chart of accounts

5.1 Define a trial balance

5.2 Prepare the trial balance and appreciate its use

JANUARY Chapter 5: Adjusting Journal Entries

 Written Works
1. Definition and importance of adjusting  Quiz
entries 1.1 Define adjusting journal entries and know their importance  Lecture  Recitation
2. Define prepayments  Discussion  Board work
3. Deferrals 2.1 define prepayments  Group Activities  Portfolio
4. Accrued Expenses 2.2 make the required adjusting journal entries for prepayments  Independent Study  Written Works
5. Accrued Income  Discussion
6. Bad debts/Doubtful Accounts/Uncollectible 7.1 Define deferrals
 Group Activities
Accounts 7.2 Make the required adjusting journal entries for deferrals
 Brainstorming
7. Depreciation expense
4.1 Define Accrued Expenses  Group Quiz Bee
4.2 Make the required adjusting journal entries for accrued
expenses

5.1 Define accrued income

5.2 Make the required adjusting journal entries for accrued income

6.1 Define Bad debts/Doubtful Accounts/Uncollectible Accounts

6.2 Make the required adjusting journal entries for Bad
debts/Doubtful Accounts/Uncollectible Accounts

7.1 Define the depreciation expense

7.2 Know the formula for computing for depreciation expense
7.3 Make the required adjusting journal entries for depreciation
expense
 Chapter 6: Completing the Accounting Cycle  Written Works
 Quiz
1. Closing Entries  Recitation
2. The Post Closing Entries 1.1 Understand the objectives of closing entries  Lecture  Portfolio
3. Reversing Entries 1.2 Prepare the closing entries  Discussion  Board work
 Group Activities
2,1 Know the importance of the trial balance  Independent Study
2.2 Prepare the post-closing trial balance  Discussion
 Group Activities
3.1 Understand the objectives of reversing entries  Brainstorming
3.2 Prepare the reversing entries when necessary
 Group Quiz Bee
FEBRUARY PART 3: ACCOUNTING FOR
MERCHANDISING
Chapter 7: The Merchandising Business

1. Introduction to Merchandising  Written Works

2. The Periodic System 1.1 Familiarize with the merchandising business  Quiz
 Lecture
3. The Perpetual System
 Discussion  Recitation
2.1 Analyze the different merchandising transactions from both the
 Group Activities  Board work
seller’s and the buyer’s points of view
2.2 Journalize the transactions on the seller’s and buyer’s books  Independent Study  Written Works
under the periodic system of recording inventory  Discussion  Portfolio
 Group Activities
3.1 Analyze the different merchandising transactions from both the  Brainstorming
seller’s and the buyer’s points of view  Group Quiz Bee
3.2 Journalize the transactions on the seller’s and buyer’s books
under the periodic system of recording inventory
Chapter 8: Accounting for Freight

1. Terms of shipment  Written Works

2. Recording freight costs 1.1 Gain a better understanding of the different terms in accounting  Lecture  Quiz
for freight  Discussion  Recitation
 Group Activities  Board work
2,1 Journalize transactions involving the different terms of shipment  Independent Study  Written Works
on the seller’s and buyer’s books  Discussion  Portfolio
 Group Activities
 Brainstorming
  Group Quiz Bee

Chapter 9: Completing the Accounting Cycle:

The Worksheet, Adjusting Journal Entries,
Closing Entries, and the Statement of Cost of
Goods Sold  Written Works
 Quiz
1. The Worksheet  Recitation
2. Cost of Sales or Cost of Goods Sold 1.1 Know the purpose of the worksheet  Lecture  Board work
3. Closing Entries 1.2 Familiarize with the preparation of the worksheet  Discussion  Written Works
4. The Post-closing Trial Balance 1.3 Appreciate the worksheet as a working paper to facilitate the  Group Activities  Portfolio
accountant’s job  Independent Study
 Discussion
2,1 Determine the cost of sales or cost of goods sold under the  Group Activities
periodic inventory
 Brainstorming
 Group Quiz Bee
3.1 Understand the objectives of closing entries
3.2 Prepare the closing entries

4.1 Know the purpose of the post closing trial balance

4.2 Know the accounts included in the post-closing trial balance
4.3 Prepare the post closing trial balance  Written Works
MARCH Chapter 10: Value Added Tax
 Quiz
 Recitation
1. VAT
1.1 Compute the output tax and the input tax necessary for  Lecture  Board work
remittances to the proper government agency  Discussion  Portfolio
1.2 Journalize the input tax and the output tax in the books of the  Group Activities  Written Works
merchandiser  Independent Study
 Discussion
 Group Activities
 Brainstorming
 Group Quiz Bee
Chapter 11: Subsidiary Ledgers and Special
Journals  Written Works
 Quiz
1. Controlling Accounts and Subsidiary Ledgers 1.1 Gain the understanding of the relationship of controlling  Lecture  Recitation
2. The Four Types of Special Journals accounts and subsidiary ledgers  Discussion  Board work
3. The Sales Journal 1.2 Identify the use of subsidiary ledgers  Group Activities  Written Works
4. The Cash Receipts Journal
5. Purchases Journal  Independent Study  Portfolio
2.1 Know the four types of special journals  Discussion  Final Exam
6. Cash Payments Journal
7. The General Journal 2,2 Cite the advantages of special journals and realize the value of  Group Activities
their use  Brainstorming
3.1 Familiarize with the sales journal
 Group Quiz Bee
3.3 Record transactions in the sales journal

4.1 Familiarize with the cash receipts journal

4.2 Record transactions in the cash receipts journal

5.1 Familiarize with the purchases journal

5.2 Record transactions in the purchase journal

6.1 Familiarize with the cash payments journal

6.2 Record transactions in the cash payments journal

7.1 Determine the transactions that cannot be recorded in the

special journals
7.2 Record transactions in the special journals