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Syllabus

The document is a course guide for BA 99.1 Fundamentals of Accounting Theory I at the University of the Philippines Visayas, Tacloban College for the 1st Semester AY 2024-2025. It outlines the course description, outcomes, and a detailed course outline covering fundamental accounting concepts, service and merchandise business accounting, and special topics. The grading system is also specified, detailing the weight of exams, quizzes, assignments, and class participation.

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8 views3 pages

Syllabus

The document is a course guide for BA 99.1 Fundamentals of Accounting Theory I at the University of the Philippines Visayas, Tacloban College for the 1st Semester AY 2024-2025. It outlines the course description, outcomes, and a detailed course outline covering fundamental accounting concepts, service and merchandise business accounting, and special topics. The grading system is also specified, detailing the weight of exams, quizzes, assignments, and class participation.

Uploaded by

nngalit
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

UNIVERSITY OF THE PHILIPPINES VISAYAS

TACLOBAN COLLEGE
DIVISION OF MANAGEMENT

BA 99.1 FUNDAMENTALS OF ACCOUNTING THEORY I

1st Semester AY 2024-2025

COURSE GUIDE

COURSE DESCRIPTION: Fundamental accounting theory and terminology with


reference to accounting practice and management's use of accounting data.

COURSE OUTCOMES: Upon completion of the course, the students can:

1. Demonstrate critical thinking skills in applying the overall concepts and principles
dealing with transactions, financial statements and problems involving service
and merchandising activities of a sole proprietorship.

2. Integrate the different concepts as they apply to the principles of accounting


involved in processing business transactions regarding a sole proprietorship.

3. Appreciate the importance of accounting principles leading to the construction of


financial information for decision making.

4. Practice the values of honesty and integrity in the application of accounting


principles, techniques and procedures as they apply to different

accounts and transaction cycles in a variety of situation for merchandising and


service activities of a sole proprietorship.

5. Perform the necessary steps in the recording of transactions using accounting


information to solve a variety of business problem and the

preparation of financial statements of a sole proprietorship.

COURSE OUTLINE:

I. Introduction to Accounting

1. Overview and Fundamental Concepts of Accounting


2. Accounting Framework, Concepts and Principles

II. Accounting for a Service Business

3. Journalizing Transactions

4. Posting to the Ledger and Trial Balance Preparation

5. End-of-the Period Adjustments

6. Worksheet and Financial Statements

7. Completing the Accounting Cycle

III. Accounting for a Merchandise Business

A. Introduction to Merchandising Business


B. Merchandise Inventory and Cost of Sales
C. Merchandise Inventory Adjustments and Completing the Accounting Cycle

IV. Special Topics in Basic Accounting

A. Cash and Cash Equivalents

B. Bank Reconciliation

Grading System

Mid Term Exam 30%

Final Exam 30%

Quizzes 20%

Assignments 10%

Class Participation 10%

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