Vision: “Truth and Goodness in Man and for all others Tomas del Rosario College Mission: Produce,
Mission: Produce, through responsive curriculum, morally upright,
through Education” Capitol Drive, San Jose, Balanga City, Bataan committed and competent graduates capable of meeting the growing
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Accountancy Department
Course Code: ACCTG 1 Course Title: Fundamentals of Accountancy, Business, & Management
Course Credit: Six (6) units Prerequisite: None
I. Course Description:
The course provides an introduction to accounting, within the context of business and business decisions. Students obtain basic understanding of the principles and concepts of
accounting as well as their applicability and relevance in the national context; and learn how to use various types of accounting information found in the financial statements and annual
reports. Emphasis is placed on understanding the reasons underlying basic accounting concepts and providing students with adequate background on the recording, classification and
summarization functions of accounting to enable them to appreciate the various uses of accounting data.
II. Program Educational Objectives:
A graduate of BS Accountancy should be able to:
(1) Resolve business issues and problems, with a global and strategic perspective using knowledge and technical proficiency in the areas of financial accounting and reporting,
cost accounting and management, accounting and control, taxation, and accounting information systems
(2) Conduct accountancy research through independent studies of relevant literature and appropriate use of accounting theory methodologies
(3) Employ technology as a business tool in capturing financial and non-financial information, generating reports and making decisions
(4) Apply knowledge and skills to successfully respond to various types of assessments; and (including professional licensure and certifications)
(5) Confidently maintain a commitment to good
III. Student Learning Outcomes / Objectives:
By the time of graduation, BSA students will be able to:
(1) Understand the ethical and regulatory environment for accountants and the role accountants play in society to provide and ensure the integrity of financial, managerial and
other information
(2) Apply the critical thinking and analytical skills that support professional skepticism, assessment, and assurance of accounting information
(3) Develop communication skills that will allow them to effectively communicate financial and non-financial results
(4) Record, analyze, and interpret historical and prospective financial and non-financial information
(5) Use technology as appropriate to analyze financial and non-financial information
(6) Demonstrate an understanding of tax policy, strategy and compliance
(7) Understand international accounting issues and practices, including roles and responsibilities played by accountants within a global context
IV. Course General Objectives:
At the of this course, students are expected to:
Cognitive: (1) Describe the nature, functions, scope and limitations of accounting, its major users and uses, its relationship to other discipline, and its professional status
(2) Develop basic skills in recording, classifying, summarizing and analyzing transactions of a single proprietorship engaged in service and merchandising business
(3) Equip students with a working knowledge of financial statements, their purposes and uses
(4) Prepare in good form properly classified financial statements for single proprietorship engaged in service and merchandising business
(5) Appreciate the need for the fair and reliable reporting of assets, liabilities, owner’s equity, revenue and expenses, as they affect the economic decision of statement users
(6) Apply the logic of double-entry bookkeeping, the nature and significance of each step in the accounting cycle
Affective: (7) Display enthusiasm and deep appreciation on the careers of bookkeepers, accounting analysts, accounting managers, and the like
(8) Show commitment to honesty and ethical practice of profession
V. Course Content:
*continued to next page
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PRELIMINARY PERIOD
Assessment
Time Frame Course Content / Subject Matter Desired Learning Outcomes Teacher-Learner Activities
Methods
Oral Lecture
-Visualize a wholistic picture of the term “accounting”
Powerpoint Presentation
-Discover the history of accounting
Group Discussion/Activities*
Class Orientation -Communicate understanding of the concepts and
Introduction to Accounting principles of accounting; and the scope of practice of Recitation
*Search the web and find out more about the
Session 1 The Conceptual Framework of Accounting (Old Accountancy Seatwork
different organizations influencing the practice of
and 2010 Version) -Enumerate the forms of business organizations; and the Homework
Accountancy in the Philippines. Report your findings
Concepts and Principles of Accounting knowledge, skills, and values of Certified Public Quiz
to the class.
With Brief History of Accounting Accountants (CPA)
-Explain the objective of financial reporting and the
*Search online for the history of Accounting. Submit
Financial Reporting Standards Council (FRSC)
report to Instructor and discuss it to the class.
Recitation
The Accounting Equation Oral Lecture
-Demonstrate understanding of the accounting equation Seatwork
Session 2 Double-Entry System Powerpoint Presentation
and the double-entry system of accounting Homework
Group Discussion/Activities
Quiz
Recitation
-Enumerate, demonstrate understanding, and identify the Oral Lecture
Elements of Financial Statements Seatwork
Session 3 elements of financial statements Powerpoint Presentation
The T-Account Homework
-Use T-Accounts Group Discussion/Activities
Quiz
Oral Lecture
-Enumerate and recall the phases/steps of accounting cycle Powerpoint Presentation Recitation
Introduction to Service-Type Business
-Identify and use journal and ledger papers Group Discussion/Activities* Seatwork
Phases/Steps of the Accounting Cycle
Session 4 -Prepare journal entries in a service type of business entity Homework
The Journal
and perform posting to ledgers *Bring samples of different source documents and Quiz
The Ledger
discuss to the class the functions of each document. Project*
Recitation
Oral Lecture Seatwork
Chart of Accounts -Identify and use chart of accounts; and prepare trial
Session 5 Powerpoint Presentation Homework
Trial Balance balance
Group Discussion/Activities Quiz
Recall and sustain mastery of topics in the preliminary Wrap-up Discussion
Session 6 Preliminary Examination Main Examination
period Scope of Examination
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MIDTERM PERIOD
Assessment
Time Frame Course Content / Subject Matter Desired Learning Outcomes Teacher-Learner Activities
Methods
Recitation
-Identify, enumerate, differentiate, and assess all types of Oral Lecture
Seatwork
Session 7 Adjustments deferrals and accruals Powerpoint Presentation
Homework
-Analyze and record adjusting entries Group Discussion/Activities
Quiz
-Understand the function of worksheet
-Prepare a twelve-column worksheet Recitation
Worksheet of a Service-Type Business Oral Lecture
-Use journal to record adjusting entries and closing entries, Seatwork
Session 8 With Closing Entries Powerpoint Presentation
and prepare post-closing trial balance Homework
Introduction to Financial Statements Group Discussion/Activities
-Prepare statement of comprehensive income, statement Quiz
of changes in equity, and statement of financial position
Oral Lecture
-Differentiate the merchandising type of business entity Powerpoint Presentation Recitation
from the service type Group Discussion/Activities* Seatwork
Session 9 Nature of Merchandising Operations
-Prepare journal entries and perform posting on a Homework
merchandising type of business entity *Bring samples of different source documents and Quiz
discuss to the class the functions of each document.
-Prepare a twelve-column worksheet of a merchandising Recitation
Worksheet of a Merchandising Business Oral Lecture
business Seatwork
Session 10 With Closing Entries Powerpoint Presentation
-Use journal to record adjusting entries and closing entries, Homework
Group Discussion/Activities
and prepare post-closing trial balance Quiz
Recitation
-Differentiate periodic from perpetual inventory system Oral Lecture
Periodic Inventory System Seatwork
Session 11 -Prepare journal entries under periodic and perpetual Powerpoint Presentation
Perpetual Inventory System Homework
inventory system Group Discussion/Activities
Quiz
Wrap-up Discussion
Session 12 Midterm Examination Recall and sustain mastery of topics in the midterm period Scope of Examination Main Examination
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FINALS PERIOD
Assessment
Time Frame Course Content / Subject Matter Desired Learning Outcomes Teacher-Learner Activities
Methods
Recitation
-Prepare statement of comprehensive income, statement Oral Lecture
Financial Statements of a Merchandising Seatwork
Session 13 of changes in equity, and statement of financial position Powerpoint Presentation
Operations Homework
(etc.) under merchandising operations Group Discussion/Activities
Quiz
Recitation
-Understand the function of special journals Oral Lecture
Seatwork
Session 14 Special Journals -Use sales journal, cash receipts journal, purchases journal, Powerpoint Presentation
Homework
and cash disbursements journal Group Discussion/Activities
Quiz
Recitation
-Differentiate the manufacturing type of business entity Oral Lecture
Seatwork
Session 15 Introduction to Manufacturing Operations from the service type and merchandising type Powerpoint Presentation
Homework
Group Discussion/Activities
Quiz
Oral Lecture Recitation
Introduction to Financial Statements of -Remember and distinguish the financial statements of a Powerpoint Presentation Seatwork
Session 16
Manufacturing Operations manufacturing type of business entity Group Discussion/Activities Homework
Quiz
Oral Lecture
Powerpoint Presentation
-Understand, explain, and recall the relevant terms related Recitation
Group Discussion/Activities*
to preparation and computation of payroll Seatwork
Session 17 Payroll Accounting -Prepare and make computations on a payroll register in Homework
*Search online for the SSS, PhilHealth, PAGIBIG
compliance with SSS, PhilHealth, PAGIBIG Contributions Quiz
Contributions Table, and Income Tax Table and other
Table, and Income Tax Table Report
payroll documents. Submit report to Instructor and
discuss findings to the class.
Wrap-up Discussion
Session 18 Finals Examination Recall and sustain mastery of topics in the finals period Scope of Examination Main Examination
Semestral Break
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VI. Course Materials:
(1) Ballada, Win Lu (2023) Fundamentals of Accountancy, Business & Management 1. Dom Dane Publishers
(2) Ballada, Win Lu (2018) Basic Financial Accounting and Reporting. Dom Dane Publishers
(3) Warren, Reeve, & Duchac (2018) Accounting. 27th Ed. Cengage Learning Ltd.
(4) Wild, Shaw, & Chiappetta (2011) Fundamental Accounting Principles. 20th Ed. McGraw-Hill Co. Inc.
(5) Cabrera, Ma. Elenita B., Cabrera, and Gilbert Anthony (2018) Financial Accounting and Reporting. GIC Enterprises & Co.
(6) Millan, Zeus Vernon B. (2018) Financial Accounting and Reporting. Bandolin Enterprise
(7) Peralta, Jose F., Valix, Conrado T., and Valix, Christian Aris (2020) Conceptual Framework and Accounting Standards. GIC Enterprises & Co., Inc.
(8) Peralta, Jose F., and Valix, Conrado T. (2018) Financial Accounting. GIC Enterprises & Co., Inc.
VII. Course Policies/Requirements:
The required language of instruction and recitation is English, unless the Professor waives you to express so.
Always observe silence at the start and end of the class lecture. Be active and participative during case study and laboratory days.
Regular attendance is expected, especially during quiz days and main examinations. Minimum no. of absences is six (6). Always be punctual. Late attendance of more than ten (10) minutes
is deemed absence. Refer to Student Handbook.
Always be honest in conducting all activities. Observe proper submission of paperwork as prescribed by the Professor.
Bring technologies such as basic calculator, laptop, tablet, or as prescribed by the Professor, to be used in laboratory activities inside the classroom.
Honor “Dress & Grooming Code, and Other Policies and Regulations.” Refer to Student Handbook.
VIII. Grading System:
Grades are computed as follows:
Preliminary Average = [ ( CS X 2 ) + Preliminary Exam ] / 3
Midterm Average = [ ( CS X 2 ) + Midterm Exam ] / 3
Finals Average = [ ( CS X 2 ) + Finals Exam ] / 3
Final Grade = (Prelim Average + Midterm Average + Finals Average) / 3
*The class standing (CS) is the sum of recitation, quizzes, group activities, projects, assignments, and attendance.
The following formula is used on grade transmutation.
Equivalent Grade = [ ( Raw Score X 50 ) / No. of Items ] + 50
Prepared by: Reviewed by: Recommending Approval: Approved by:
Recalibrated August, 2024
Mr. Justine M. Palaypay, CPA Mr. Jefferson L. Triguero, CPA, MBA Ms. Rebecca B. Appelido, EdD Dr. Vicente B. Lintag, EdD
College Instructor Accountancy, Department Chair College Dean Vice President for Academics, Student Affairs,
and Extension Services
_____________________________________________________________________________________________________________________________________________________________________________________________ nothing follows__________________
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