Fundamentals of SENIOR

Accountancy, Business, and HIGH

Management 2 (FABM2) SCHOOL

Self-

Bank Statement Learning

Module
4

Quarter 2
Fundamentals of Accountancy, Business, and Management 2
Quarter 2 – Self-Learning Module 4: Bank Statement
First Edition, 2020

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Published by the Department of Education - Schools Division of Pasig City

Development Team of the Self-Learning Module

Writer: Vida M. Orajay
Editors: Content/Language: Jennifer M. Hobrero / Edna D. Camarao
Reviewers: Content/Language: Dennis T. Alex, Jennifer M. Hobrero /
Edna D. Camarao, Buena R. Abestilla
Layout Artist: Clifchard D. Valente
Management Team: Ma. Evalou Concepcion A. Agustin
OIC-Schools Division Superintendent
Carolina T. Rivera EdD, CESE
Project Development Officer V
OIC-Assistant Schools Division Superintendent
Victor M. Javeña EdD
Chief, School Governance and Operations Division and
OIC-Chief, Curriculum Implementation Division

Education Program Supervisors

Librada L. Agon EdD (EPP/TLE/TVL/TVE)

Liza A. Alvarez (Science/STEM/SSP)
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Norlyn D. Conde EdD (MAPEH/SPA/SPS/HOPE/A&D/Sports)
Wilma Q. Del Rosario (LRMS/ADM)
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Perlita M. Ignacio PhD (EsP)
Dulce O. Santos PhD (Kindergarten/MTB-MLE)
Teresita P. Tagulao EdD (Mathematics/ABM)

Printed in the Philippines by the Department of Education – Schools Division

of Pasig City
FABM2
SENIOR
HIGH
SCHOOL

Self-
Learning
Module
4

Quarter 2

Bank Statement
Introductory Message

For the facilitator:

Welcome to the Fundamentals of Accountancy, Business, and Management 2

for Grade 12 Self-Learning Module on Bank Statement.

This Self-Learning Module was collaboratively designed, developed and

reviewed by educators from the Schools Division Office of Pasig City headed by its
Officer-in-Charge Schools Division Superintendent, Ma. Evalou Concepcion A.
Agustin, in partnership with the City Government of Pasig through its mayor,
Honorable Victor Ma. Regis N. Sotto. The writers utilized the standards set by the K
to 12 Curriculum using the Most Essential Learning Competencies (MELC) in
developing this instructional resource.

This learning material hopes to engage the learners in guided and independent
learning activities at their own pace and time. Further, this also aims to help learners
acquire the needed 21st-century skills especially the 5 Cs, namely: Communication,
Collaboration, Creativity, Critical Thinking, and Character while taking into
consideration their needs and circumstances.

In addition to the material in the main text, you will also see this box in the
body of the module:

Notes to the Teacher

This contains helpful tips or strategies that
will help you in guiding the learners.

As a facilitator you are expected to orient the learners on how to use this
module. You also need to keep track of the learners' progress while allowing them to
manage their learning. Moreover, you are expected to encourage and assist the
learners as they do the tasks included in the module.
 For the learner:

Welcome to the Fundamentals of Accountancy, Business, and Management 2

Self-Learning Module on Bank Statement.

This module was designed to provide you with fun and meaningful
opportunities for guided and independent learning at your own pace and time. You
will be enabled to process the contents of the learning material while being an active
learner.

This module has the following parts and corresponding icons:

Expectations – These point to the set of knowledge and skills

that you will learn after completing the module.

Pretest - This measures your prior knowledge about the lesson

at hand.

Recap - This part of the module provides a review of concepts

and skills that you already know about a previous lesson.

Lesson - This section discusses the topic in the module.

Activities – These are sets of activities that you need to

perform.

Wrap Up - This section summarizes the concepts and

application of the lesson.

Valuing - This part integrates a desirable moral value in the

lesson.

Posttest - This measures how much you have learned from the
entire module.
 EXPECTATIONS

After going through this self-learning module, you are expected to:
1. identify and understand the contents of a bank statement;
2. define a bank statement;
3. determine the contents of a bank statement;
4. explain how bank statement works; and
5. discuss the benefits of a bank statements.

PRETEST

Directions: Read the statements carefully and analyze them. Write TRUE if the
statement is correct and FALSE if the statement is incorrect. Write your answers
opposite the number.
1. The bank statement shows the history of bank transactions of depositors.
2. The bank statement is beneficial to the account holder.
3. A bank statement is issued by the bank every week.
4. The delivery push method happens when the depositor has to go to a secure
website and pull his statement from that site.
5. Bank statement serves as a reference during the reconciliation.

RECAP

Directions: Read statements carefully, and identify them by arranging the

scrabbled letters. Write down your answers to the space provided.
1. What check issued by the company to its suppliers and creditors and not
encashed on time? TSLEA KCECH _________________
2. What check returned to the depositor because of the insufficient funds?
BUNCOED KCECH _____________________
3. What checks have been replaced by a debit and credit cards?
LAVERTER’S KCECH ___________________
4. What check is needed if the payor or depositor does not have a checking
account?
EMANGAR’S KCECH ___________________
5. What check issued by bank tellers?
CAHIERS’S KCECH ____________________
 LESSON

Every end of the month bank furnishes a copy of the statement of account to
its depositors showing account movement or money. But depositors now can view
the statement by enrolling in e-banking.

This module will help you understand the statement of a bank account or
bank statement.

What is a Bank Statement?

Is the statement of account history over the reporting period.

Is a bank report prepared by the bank for those accounts which do not have
passbooks.

Informs the account holder of all transactions which occur during the
reporting period.

Is an itemized record of all transactions that occur in the account of the

depositor over a given month which includes:

1. Balance at the beginning of the month.

2. List of all deposits made during the month by a single person or business
entity.
3. List of all checks the bank paid over the month.
4. List of other deposit account deductions.
5. List of other credits in the account of the depositor.
6. Balance at the end of the month.

What is eStatement?
E-statement is merely the delivery of the normal account statement of the
depositor via electronic means instead of snail mail (ordinary mail). The delivery
pull method happens when the depositor has to go to a secure website (bank’s
website) and pull or get his statement from that site. And the push delivery
method occurs when the bank pushes or sends the statement through a secure e-
mail.

How do Bank Statement Works?

The bank provides a bank statement to the depositor shows the detailed
transactions of the account. Through this statement the account holder able to
see all the transactions processed on account. Banks send monthly statements to
their depositors on a set date. In addition, transactions typically appear in
chronological order.
 What are the Parts of a Bank Statement?
1. Bank name and address
2. Depositor’s Name and Account Number
3. The Statement Date (date when the statement is issued), beginning and ending
balance of the account
4. Amount, date, and payee that are arranged in chronological order,
such as deposits, withdrawals, checks paid, and all service charges.

BANK STATEMENT

Logo of the
Depositor’s Name ____________________
Depositor’s Mailing Address
Bank
___________________________
___________________________
___________________________

Account No. _______________

Date: SUMMARY
Beginning Balance
Total Deposits
Total Withdrawals
Ending Balance
Date Details Withdrawals/Tax Deposits/Interests Balance

Figure 1 is a sample of Bank Statement

What are the Benefits of a Bank Statement (Statement of Bank

Account)?
1. Serves as a reference during the reconciliation where bank account holder may
check if there are discrepancies in bank transactions.

2. Serves as a tool to help account holders track their finances and identify errors
 ACTIVITIES

Application
Set. A Assume you opened a peso savings account last June 1, 2020, with
an initial deposit of P1,000.00.00. Last June 18 you received your
scholarship from the city government amounting to P5,000.00. And on
June 19 you withdrew P500.00 because of an emergency. From June 20,
2020, until the end of the month you did not have any transactions from
the bank. At the cut off period, your savings earned .62 centavos with a
tax of .12 centavos.

Prepare a simple Bank Statement using the template showing the beginning
and ending balance of your account for the month of June 2020.

BANK STATEMENT

Paste the logo

Depositor’s Name ____________________ of your
Depositor’s Mailing Address
preferred
___________________________
___________________________ bank
___________________________

Account No. 8902345617

June 1, 2020 SUMMARY

Beginning Balance
Total Deposits
Total Withdrawals
Ending Balance
Date Details Withdrawals Deposits Balance
Set B. What is your understanding of Bank Statement? Illustrate your answer.

WRAP–UP

1. What is a bank statement?

2. What do bank statement shows?
3. How do bank statement works?
4. Why a bank statement is beneficial to the account holder?
5. How does bank statement differ from passbook? Illustrate your answer.

VALUING

Assume you have a bank account, which do you prefer in tracing the history
of your bank transactions the regular bank statement (printed statement
provided by the bank) or the e-statement? Why?

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________

___________________________________________________________________________
 POSTTEST

Directions: Read the statements carefully and analyze them. Write TRUE if the
statement is correct and FALSE if the statement is incorrect and indicate the word
or words to make the statement correct. Write your answers opposite the number.
1. The bank statement shows the history of bank transactions of
depositors.

2. The bank statement is beneficial to the account holder.

3. A bank statement is issued by the bank every week.

4. The delivery push method happens when the depositor has to go to

a secure website and pull his statement from that site.

5. A bank statement serves as reference during the reconciliation.

 KEY TO CORRECTION

CASHIER’S CHECK 5. True 5. True 5.

MANAGER’S CHECK 4. False/Push Method 4. False 4.
TRAVELER’S CHECK 3. False/every month 3. False 3.
BOUNCED CHECK 2. True 2. True 2.
STALE CHECK 1. True 1. True 1.

RECAP POSTTEST PRETEST

REFERENCES
BOOKS

Beticon, Josefina L.. Fundamentals of Accountancy, Business, and

Management 2. pp. 183-184. Vibal Group, Inc 2016, Quezon City.

Harina, Ricardo M.. College Accounting 1, Revised Ed., pp. 144, 146-
147. National Bookstore, 2007, Mandaluyong City.

Salazar, Dani Rose C.. (2017) Fundamentals of Accountancy, Business, and

Management 2. pp. 145. Rex Book Store, Manila.

WEB

https://www.investopedia.com/terms/b/bank-statement.asp
https://www.bankersonline.com/forum/ubbthreads.php/topics/173340/definit
ion-of-e-statement
https://www.eastwestbanker.com/info/na_estate.asp
file:///T:/Documents/MODULE-FABM2/S3-lesson4-activity1-teacherresource-
jimmybankstatement.pdf