ROMBLON STATE UNIVERSITY – ROMBLON CAMPUS

School of Arts, Sciences and Technology

Sawang, Romblon, Romblon

OBE Course Syllabus in Accounting for Services, Merchandising and Manufacturing

1st Semester SY 2020-2021

VISION Romblon State University as a premier institution of higher education in the MIMAROPA Region for a globally competitive Province of
Romblon.
MISSION Romblon State University is committed to provide advanced education higher technological, professional instruction and training in
agriculture and fishery, for science and technology, education, arts, and other relevant field of study. It shall undertake research and
extension services, and provide progressive leadership in its areas of specialization.

GOALS 1. Quality education; globally competitive graduates;

2. Innovative and scientific approaches in teaching and learning;
3. Research competence and capability;
4. Community extension services; and
5. Values and attributes imbued with patriotism and nationalism, critical thinking and lifelong skills.

COURSE INFORMATION
COURSE NO. Acctg 1 COURSE TITLE Accounting for Services, TYPE Lecture CREDIT 6
Merchandising and Manufacturing UNITS
COURSE None COURSE Saturday 8:00 am – 3:00 pm
PREREQUISITE SCHEDULE
COURSE This course, will explain the concept and role of accounting and financial reporting in the modern market economy; explain the regulatory
DESCRIPTION framework for the operation of accounting activities; understanding of basic accounting concepts, accounting principles and techniques of
posting basic business changes; explain the structure, elements and content of the financial statements

LINK TO • Develop accounting foundation among business students

PROGRAM • Guided by the latest trends and developments on businesses when it comes to accounting information system
OUTCOMES • Familiarization to business transactions and documents
(BSBA) • Knowledge on how the financial reports are prepared and how can it be used for decision making purposes

COURSE At the end of the course, the students are expected to:
OUTCOMES 1. Define accounting and explain its role in business
2. Understand the basic accounting terms, concepts and principles
3. Differentiate the branches of accounting
 4. Classify the elements of the financial statements and their sub-elements
5. Analyze business transactions using debit and credit
6. Familiarize with the steps of the accounting cycle
7. Journalizing and posting to ledger of transactions of a service, merchandising and manufacturing establishments
8. Prepare trial balance and adjusting entries to complete the worksheet
9. Draft basic financial statements of the service, merchandising and manufacturing firms
10. Prepare closing journal entries, post-closing trial balance and reversing entries

Teaching and Learning Activities Outcomes Based

Week Topic Intended Learning Outcome (ILO)
(TLA) Assessment (OBA)
1 Basic Concepts of Identify the elements of the financial statements Instructional Materials and/or Online Activity
Accounting together with its appropriate financial statement Discussion
2 Nature of Analyze and state the effects of business Instructional Materials and/or Online Activity
Accounting and Its transactions on an entity’s assets, liabilities and Discussion
Related Accounts owner’s equity and record these effects in
accounting equation form using the financial
transaction worksheet and the T-Accounts
3–7 Accounting Equation Explain the importance of the purpose and phases Instructional Materials and/or Online Quizzes, Activity,
and the Rules of of accounting Discussion Problem Set
Debit and Credit
Summarize and apply the rules of debit and credit
Basic Process in in analysing business transactions
Recording
Transactions Develop skills in the preparation of financial
statements
Accounting Cycle
8–9 Adjusting, Explain accrual accounting and state how it Instructional Materials and/or Online Quizzes, Activity,
Correcting, Closing improves financial statements Discussion, Group Work Problem Set
and Reversing
Entries Identify the types of adjustment, common
financial statement errors, accounts to be closed
and to be reversed and their effect to the financial
report

10 – 11 Accounting for Describe servicing activities and identify income Instructional Materials and/or Online Activity, Problem Set
Servicing Business components for servicing entity Discussion/Problem Solving
 12 – 13 Accounting for Describe merchandising activities and identify Instructional Materials and/or Online Activity, Problem Set
Merchandising income components for a merchandising entity Discussion/Problem Solving
Business
14 – 16 Accounting for Compare the activities prevalent to merchandising Instructional Materials and/or Online Quizzes, Problem Set
Manufacturing and manufacturing activities Discussion/Problem Solving
Business
17 Special Journals Identify special journals to be used for a specific Instructional Materials and/or Online Activity
business transaction Discussion
18 Taxes and Payroll Recognize the terms used in payroll accounting Instructional Materials and/or Online Activity, Problem Set
Accounting Discussion/Problem Solving
Journalize payroll-related entries
COURSE REQUIREMENTS, GRADING SYSTEM, CLASSROOM POLICIES
COURSE - Pass the Midterm and Final Exams
REQUIREMENTS - Pass the Quizzes/ Activities
- Cooperation with teacher on online updates
GRADING A. B.
SYSTEM 1. Midterm Exam 40% 1. Final Exam 40%
2. Quizzes 30% 2. Quizzes 30%
3. Activities 25% 3. Activities 25%
4. Online Attendance/Participation* 5% 4. Online 5%
100% Attendance/Participation* 100%
*frequent or regular passing of activities on
time via online platform *frequent or regular passing of
activities on time via online
platform

Final Grade (FG) = ((A+B)/2)

Grade Equivalent
Percent Rating Numerical Grade Percent Rating Numerical Grade
99 – 100 1.0 79 – 81 2.50
96 – 98 1.25 76 – 78 2.75
93 – 95 1.5 75 3.0
89 – 92 1.75 Conditional 4.0
85 – 88 2.0 Below 75 (failed) 5.0
82 – 84 2.25
(ONLINE) 1. Students are required to check in attendance via online platform (e.g. Facebook groups, messenger) as early as 08:00 am with 15 minutes
CLASSROOM grace period in consideration for slow internet connection in very remote areas.
POLICIES 2. Student will need to report to school at least once a month or when necessary like taking major exams or quizzes while observing proper
social distancing. They will be divided to two sets of students at specified times; thus, student should update themselves online especially
during class schedule.
3. Student must exercise Academic Honesty. Any form of dishonesty and or deceit, especially cheating during exam or any class work,
copying other’s work, forging signature, and the likes, will automatically be referred to the student affairs office/guidance office for
appropriate sanctions.
4. Passing of activities/requirements may be done online directly to my personal online account or if he/she is near to my home/office, they
can personally submit it to me provided parents are well informed. Activities/requirements/group works should be passed during class
schedule, late activity sheets/works will be accepted so long as another session is not yet around, however, corresponding deduction will
be made depending on the days overdue. Likewise, activities submitted on the next class schedule will no longer be accepted.
5. Checked papers or any other requirements that have been returned must be kept. This will be your proof if you want to verify your grades.
The class record is open for those who have questions. All questions must be addressed to the professor right after the class card was
received or grades uploaded online. The class cards or grades will be distributed/uploaded not later than 10 days after the final exam or
on a date agreed upon.
6. Dropping this course may still be done before the midterm week with the approval of the registrar.
7. If a student missed quiz/zes, he/she may request immediately to take a special exam upon returning to class, provided that the cause of
missing the said exam is justifiable and reasonable. Also, it will give time to the professor to make another set of exams and to schedule
it when.
8. The use of Cell Phone must be kept in silent mode while the class is going on and should not be used during exam.
9. Any form of misconduct will be reported to the Office of the Student Affairs for proper action.
10. Since the class falls on weekend, everyone is allowed not to wear their school uniform but must wear their School I.D. during the specified
class meeting, if any.
REFERENCES AND OTHER SUGGESTED READINGS
Introduction to Accounting by Artemio T. Saguinsin, Basic Accounting Concepts and Procedures ( The Why and Wherefore Approach to Learning Accounting by
Percy C. Garcia, Benjamin Q. Mohar, Bienvenido A. Gemanil, Basic Accounting Concepts, Principles, Procedures and Applications by Edwin G. Valencia, Basic
Accounting Made Easy by Win Ballada, CPA,CBE,MBA and Susan Ballada, CPA, www.google.com

INSTRUCTOR’S INFORMATION
NAME GENEVIEVE S. CASIPLE CONTACT NO. 09101384953
EMAIL ADD genevievecasiple96@gmail.com CONSULTATION HOURS Saturday 3:00 pm – 4:00 pm

Prepared by:
GENEVIEVE S. CASIPLE, CPA
Lecturer