DATA GATHERING INSTRUMENT FOR TRAINEE’S

CHARACTERISTICS
NAME: RONA ROSE DOMIDER CAPITANIA

Please answer the following instrument according to the characteristic

described below. Encircle the letter of your choice that best describes you as
a learner. Blank spaces are provided for some data that need your response.

Characteristics of Learners

q Average grade in: Average grade in:

English Math
Language,
literacy and A. 95 and above A. 95 and above
numeracy (LL&N) B. 90 to 94 B. 90 to 94
C. 85 to 89 C. 85 to 89
D. 80 to 84 D. 80 to 84
E. 75 to 79 E. 75 to 79
Ethnicity/culture:

A. Ifugao
Cultural and
B. Igorot
language
C. Subanen
background
D. Muslim
E. Bisaya
F. Tagalog
Others( please specify) Ilonggo
Highest Educational Attainment:

A. High School Level

B. High School Graduate
Education &
C. College Level
general
knowledge D. College Graduate
E. With units in Master’s degree
F. Masteral Graduate
G. With units in Doctoral Level

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 Characteristics of Learners

H. Doctoral Graduate

A. Male

Sex B. Female

Your age: 22

Age

1. Disabilities(if any)_____________________
2. Existing Health Conditions (Existing illness if
any)
A. None
Physical ability
B. Asthma
C. Heart disease
D. Anemia
E. Hypertension
F. Diabetes
G. Others(please specify) ___________________

BOOKKEEPING Certificates

Previous
A. TQ certified
experience with B. Bookkeeping graduate
the topic C. Bookkeeping trainer
D. Bookkeeping lead trainer
E. None

Number of years as a competency trainer ______

Previous
learning List down trainings related to Bookkeeping
experience ___________________________
___________________________
___________________________

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 Characteristics of Learners

Training Level National Certificates acquired and NC level

completed BOOKKEPPING NC III

Other courses related to Bookkeeping

Special courses
A. Unit in education
B. Master’s degree units in education
C. Others(please specify) ______________

A. Visual - The visual learner takes mental

pictures of information given, so in order for
this kind of learner to retain information, oral
or written, presentations of new information
must contain diagrams and drawings,
preferably in color. The visual learner can't
Learning styles concentrate with a lot of activity around him
and will focus better and learn faster in a quiet
study environment.
B. Kinesthetic - described as the students in the
classroom, who have problems sitting still and
who often bounce their legs while tapping their
fingers on the desks. They are often referred to
as hyperactive students with concentration
issues.
C. Auditory- a learner who has the ability to
remember speeches and lectures in detail but
has a hard time with written text. Having to
read long texts is pointless and will not be
retained by the auditory learner unless it is
read aloud.
D. Activist - Learns by having a go
E. Reflector - Learns most from activities where
they can watch, listen and then review what
has happened.

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 Characteristics of Learners

F. Theorist - Learns most when ideas are linked to

existing theories and concepts.
G. Pragmatist - Learns most from learning
activities that are directly relevant to their
situation.

A. Financially challenged
Other needs B. Working student
C. Solo parent
D. Others(please specify) ________________

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 SELF-ASSESSMENT CHECKLIST

FORM 1.1 Self - Assessment Checklist

INSTRUCTIONS: This Self-Check Instrument will give the trainer necessary
data or information which is essential in planning training
sessions. Please check the appropriate box of your
answer to the questions below.

Basic Competencies YES NO

CAN I…?
1. Lead workplace communication
1.1 Communicate information about workplace processes /
1.2 Lead workplace discussions /
1.3 Identify and communicate issues arising in the /
workplace
2. Lead small teams
2.1 Provide team leadership /
2.2 Assign responsibilities among members /
2.3 Set performance expectation for team members /
2.4 Supervise team performance /
3. Develop and practice negotiable skills
3.1 Identify relevant information in planning negotiations /
3.2 Participate in negotiations /
3.3 Document areas for agreement /
4. Solve workplace problem related to work activities
4.1 Explain the analytical techniques /
4.2 Identify the problem /
4.3 Determine the possible causes of the problem /

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 5. Use mathematical concepts and techniques
5.1 Explain the analytical techniques /
5.2 Identify mathematical tools and techniques to solve /
problem
5.3 Apply mathematical procedures/solution /
5.4 Analyze the results /
6. Use relevant technologies
6.1 Identify appropriate technology /
6.2 Apply relevant technology /
6.3 Maintain/enhance relevant technology /

Common Competencies YES NO

CAN I…?
1. Maintain an effective relationship with
clients/customers
1.1 Maintain a professional image /
1.2 Meet client/customer requirements /
1.3 Build credibility with customers/clients /
2. Manage own performance
2.1 Identify tasks accurately /
2.2 Allocate priority to each task /
2.3 Allocate time lines to each task /
2.4 Meet and comply deadlines /
2.5 Know and comply with work schedules /
2.6 Develop work plans /
2.7 Monitor personal performance /
2.8 Get advice and guidance from management /
2.9 Apply guidance from management /
2.10 Clarify standard of work /

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 3. Apply quality standards
3.1 Assess clients /
3.2 Assess own work /
3.3 Engage in quality improvement /
4. Perform computer operations
4.1 Identify and explain the functions, general features /
and capabilities of both hardware and software
4.2 Prepare and use appropriate hardware and software /
according to task requirement
4.3 Use appropriate devices and procedures to transfer /
files/data
4.4 Produce accurate and complete data according to the /
requirements

CORE COMPETENCIES YES NO

CAN I…?
1. JOURNALIZE TRANSACTIONS
1.1 Prepare chart of accounts /
1.2 Analyze documents /
1.3 Prepare journal entry /
2. POST TRANSACTIONS
2.1 Prepare ledger /
2.2 Transfer journal entries /
2.3 Summarize ledger /
3. PREPARE TRIAL BALANCE
3.1 List account titles /
3.2 Transfer balances from the ledger /
3.3 Summarize trial balance /
4. PREPARE FINANCIAL REPORTS
4.1 Prepare financial statements /

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 4.2 Analyze financial statements /
5. REVIEW INTERNAL CONTROL SYSTEM
5.1 Check policy compliance /
5.2 Prepare policy compliance report /

EVIDENCE/PROOF OF EVIDENCE
FORM 1.2: Evidence of Current Competencies Acquired Related to
the Job/Occupation
Current Proof/Evidence Means of Validating
competencies

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 1. Journalize Transactions

Certificate of Submitted an authenticated

1.1 Prepare chart
Achievement copy of Certificate of
of accounts Achievement
Submitted an authenticated
1.2. Analyze Certificate of copy of Certificate of
documents Achievement Achievement
Submitted an authenticated
1.3 Prepare journal Certificate of copy of Certificate of
entry Achievement Achievement

2. Post Transactions
Submitted an authenticated
Certificate of
2.1. Prepare ledger copy of Certificate of
Achievement Achievement
Submitted an authenticated
2.2 Transfer journal Certificate of copy of Certificate of
entries Achievement Achievement
Submitted an authenticated
[Link] Certificate of copy of Certificate of
ledger Achievement Achievement

[Link] Trial Balance

Submitted an authenticated
3.1. List account Certificate of copy of Certificate of
titles Achievement Achievement
Submitted an authenticated
3.2. Transfer copy of Certificate of
Certificate of
balances from Achievement Achievement
the ledger

Submitted an authenticated
3.3 Summarize Trial Certificate of copy of Certificate of
Balance Achievement Achievement

4. Prepare Trial Balance

Submitted an authenticated
4.1 List account Certificate of copy of Certificate of
titles Achievement Achievement

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 Submitted an authenticated
4.2 Transfer balance Certificate of copy of Certificate of
from the ledger Achievement Achievement

Submitted an authenticated
4.3 Summarize Trial Certificate of copy of Certificate of
Balance Achievement Achievement

[Link] Internal Control System

Submitted an authenticated
5.1. Check policy Certificate of copy of Certificate of
compliance Achievement Achievement
Submitted an authenticated
5.2. Prepare policy Certificate of copy of Certificate of
compliance report Achievement Achievement

IDENTIFYING TRAINING GAPS

FORM 1.3 Identifying Training Gaps
From the accomplished Self-Assessment Check (Form 1.1) and the
evidences of current competencies (Form 1.2), the Trainer will be able to
identify what the training needs of the prospective trainee are:
Required Units of Training
Current
Competency/Learning Gaps/Requirement
Competencies
Outcomes based on CBC s

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 1. Journalize Transactions
Prepare chart of
1.1Prepare chart of accounts
accounts
1.2 Analyze documents Analyze documents
Prepare journal
1.3 Prepare journal entry
entry

2. Post Transactions
2.1 Prepare ledger Prepare ledger
Transfer journal
2.2 Transfer journal entries
entries
2.3 Summarize ledger Summarize ledger

3. Prepare Trial Balance

3.1 List account titles List account titles
3.2 Transfer balances from Transfer balances
the ledger from the ledger
Summarize trial
3.3 Summarize trial balance
balance

4. Prepare Financial Reports

Prepare financial
4.1 Prepare financial statements
statements
Analyze financial
4.2 Analyze financial statements
statements

5. Review Internal Control System

Check policy
5.1 Check policy compliance
compliance
5.2 Prepare policy Prepare policy
compliance report compliance report

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 TRAINING NEEDS

FORM NO. 1.4: Training Needs

Using Form No.1.4, convert the Training Gaps into a Training Needs/
Requirements. Refer to the CBC in identifying the Module Title or Unit of
Competency of the training needs identified.

Training Needs Module Title/Module of

(Learning Outcomes) Instruction

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 Prepare Financial Statements
Prepare Financial Reports

Analyze Financial Statements

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 SESSION PLAN
Sector : HEALTH, SOCIAL, AND OTHER COMMUNITY DEVELOPMENT SERVICES SECTOR
Qualification Title : BOOKKEEPPING NC III
Unit of Competency : PREPARE FINANCIAL REPORTS
Module Title : PREPARING FINANCIAL REPORTS

Learning Outcomes:

LO1: Prepare Financial Statements

LO2: Analyze Financial Statements

A. INTRODUCTION: This module covers the knowledge, skills and attitudes in preparing reports manually.

B. LEARNING ACTIVITIES

LO2: Prepare Financial Statements

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 Learning Methods Presentation Practice Feedback Resources Time
Content
4.1 Prepare  Read  Self – check  Check papers  Information
Financial Modular/Self information information sheet and compare sheet 12 hours
Statements -paced sheet 4.3-1 on 4.3.1 in to answer Key  Self-check
Preparing Preparing 3.3.1  Task Sheet
Financial Financial  CBLM
Statements Statements

 Read and  Perform and  Check  Information

Evaluate Task practice the skill finished Sheet
sheet 4.3-1 in using the task output to the  Task Sheet 12 hours
Preparing sheet 4.3.1 in instructor for  CBLM
Financial Preparing critique
Reports Financial Reports

 Information
 Read  Self – Check  Check papers 12 hours
sheet
information information sheet and compare
4.2Analyze Modular/Self  Self-check
sheet 4.3-2 in 4.3-2 in to answer key
Financial -paced  Task Sheet
Analyzing Analyzing 4.3-2
Statements  CBLM
Financial Financial Analyzing

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 Statements Statements Financial  Information
Statements Sheet
 Task Sheet
 Read and   Check CBLM 12 hours
Perform and
Evaluate Task finished
practice the skill
sheet 4.3-2 in output to the
using the task
Analyzing instructor for
sheet 4.3.2 in
 Financial critique
Analyzing Financial
Statements Statements
C. ASSESSMENT PLAN
 Written examination
 Interview (Oral assessment)
 Actual/Performance Assessment
D. TRAINER’S SELF-REFLECTION OF THE SESSION

Prepared by: Checked by:

Rona Rose D. Capitania Edgar P. Caῇete

TMC Level I Participant Nancy C. Magbanua
Joe Ann L. Pagara
Trainer

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 COMPETENCY BASED LEARNING MATERIALS

Sector : Health, Social, And Other Community

Development
Services Sector

Qualification Title : Bookkeeping NC III

Unit of Competency: Prepare Financial Reports

Module Title : Preparing Financial Reports

SIBUGAY TECHNICAL INSTITUTE INCORPORATED

Lower Taway, Ipil, Zamboanga Sibugay

HOW TO USE THIS COMPETENCY BASED LEARNING MATERIAL

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 Welcome to the module in “Preparing Financial Reports”. This
module contains training materials and activities for you to
complete.
The unit of competency “Prepare Financial Reports” contains
knowledge, skills and attitudes required for Bookkeeping NC III”.
You are required to go through a series of learning activities in
order to complete each learning outcome of the module. In each
learning outcome are Information Sheets, Self-Checks, Task Sheets
and Job Sheets. Follow these activities on your own. If you have
questions, don’t hesitate to ask your facilitator for assistance.
This module was prepared to help you achieve the required
competency in “Preparing Financial Reports”.
This will be the source of information for you to acquire
knowledge and skills in this particular competency independently
and at your own pace, with minimum supervision or help from
your instructor.
Remember to:
Work through all the information and complete the activities in
each section.
Read information sheets, task sheets, job sheets and complete
the self-check. Suggested references are included to supplement
the materials provided in this module.
Most probably your trainer will also be your superior or
manager. He/she is there to support you and show you the correct
way to do things.
You will be given plenty of opportunity to ask questions and
practice on the job. Make sure you practice your new skills during
regular work shifts. This way you will improve both your speed and
memory and also your confidence.
Use the Self-Checks at the end of each section to test your own
progress.
When you feel confident that you have had sufficient practice,
ask your trainer to evaluate you. The results of your assessment
will be recorded in your Progress Chart and Accomplishment
Chart.

BOOKKEEPING NC III

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 COMPETENCY-BASED LEARNING MATERIALS

List of Competencies

No. Unit of Competency Module Title Code

Journalize Journalizing
1.
Transactions Transactions

2. Post Transactions Posting Transactions

3. Prepare Trial Balance Preparing Trial Balance

Prepare Financial Preparing Financial

4.
Reports Reports

Review Internal Reviewing Internal

5.
Control System Control System

MODULE CONTENT

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UNIT OF COMPETENCY : Prepare Financial Reports

MODULE TITLE : Preparing Financial Reports

MODULE DESCRIPTOR : This module covers the knowledge,

skills, and attitudes in preparing
financial reports manually

NOMINAL DURATION : 16 hours

LEARNING OUTCOMES:

At the end of this module you MUST be able to:

LO1. Prepare Financial Reports

LO2. Analyze Financial Statements

Assessment Criteria:

1. Worksheet is prepared using the prescribe format

2. Income statement is prepared in accordance with generally accounting
principles/Philippine Financial Reporting Standards
3. Statement of Change in Equity is prepared in accordance with
generally accepted accounting principles/Philippine Financial
Reporting Standards
4. Balance Sheet is prepared in accordance with generally accepted
accounting principles/Philippine Financial Reporting Standards.
5. Statement of Cash Flow is prepared in accordance with generally
accepted accounting principles/Philippine Financial Reporting
Standards
6. Financial Statements are prepares in accordance with generally
accepted accounting principles/Philippine Financial Reporting
Standards.

LEARNING OUTCOME SUMMARY

PREPARE FINANCIAL REPORT

Contents:

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1. Preparing Financial Statements
2. Analyzing Financial Statements

Assessment Criteria:

1. Worksheet is prepared using the prescribe format

2. Income statement is prepared in accordance with generally accounting
principles/Philippine Financial Reporting Standards
3. Statement of Change in Equity is prepared in accordance with
generally accepted accounting principles/Philippine Financial
Reporting Standards
4. Balance Sheet is prepared in accordance with generally accepted
accounting principles/Philippine Financial Reporting Standards.
5. Statement of Cash Flow is prepared in accordance with generally
accepted accounting principles/Philippine Financial Reporting
Standards
6. Financial Statements are prepares in accordance with generally
accepted accounting principles/Philippine Financial Reporting
Standards.

Conditions:

The participants will have access to:

1. Calculator
2. Paper
3. Learning Materials
4. Pencil
5. Eraser
Assessment Methods:

1. Written test
2. Work related project

LEARNING EXPERIENCES
Learning Outcome 3

Special Instructions

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 Learning Activities

Read information sheet Read and understand the information sheets.

4.3-1

Answer self-check 4.3-1 Compare answers with the answer key. You
are required to get all answers correct .If not,
read the information sheet again to answer all
questions correctly.

Perform Task sheet 4.3-1 Follow the procedures/steps correctly on the

task sheets with the given time allotment and
review your performance.

Evaluate your work using You are required to evaluate your

Performance criteria performance criteria checklist
checklist 4.3-1

INFORMATION SHEET 4.3-1

Preparing Financial Statements

Learning Objectives:

After reading the INFORMATION SHEET, You must be able to

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1. Determine financial statements
2. Know how to extract financial statements
3. Know how to prepare financial statements

Introduction:

In the preceding modules, you have learned how to journalize

transactions, post transactions and prepare trial balance. The knowledge
that you had acquired well help you in understanding the next step
“Preparation of financial reports”.

To comprehend the succeeding step, we must first know what exactly

financial statements are. Financial statements are considered as the “end
products” of the accounting process. Financial statements are the means by
which the information accumulated and processed in financial accounting
and periodically communicated to users. They are designed to serve the
needs of variety of users, particularly owner and creditors.

The objective of financial statements is to provide information about

the financial position, performance and cash flows of an enterprise that is
vital in making a sound economic decisions

There are 5 basic financial statements as per PAS No. 1. These are as
follows

1. Statement of Financial Position (Balance Sheet)

2. Statement of Financial Performance (Income Statement)
3. Statement of Changes in Owner’s Equity
4. Statement of Cash Flow
5. Notes to Financial Statement
The foregoing statements may be prepared monthly, quarterly and even
annually.
Each statement should bear with the following heading
a. WHO – the name of the company
b. WHAT – the name or title of the report
c. WHEN - the date of the report

As a beginner, we will present to you only the Balance Sheet, Income

Statement and statement of cash flows.

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The first financial statement to be prepared is the income statement
otherwise known as “Statement of Financial Performance. It is a financial
statement which shows the performance of the enterprise for a given period
of time. The performance of the enterprise is primarily measured in terms of
the level of income earned by the enterprise through effective and efficient
utilization of its resources. This income performance used to be known as
the “result of operations” which would either be profit or loss.

The information presented in an income statement is usually

considered the most important information provided by financial accounting
because profitability is a paramount concern to those interested in the
economic activities of the enterprise. The period covered by the income
statement may be:
“For the month ended” “For the quarter ended”
“For the year ended” “or any accounting period that
may be chosen”

The income statement answers the following question?

1. Does the business make profit?
2. Does the business incur a loss?
3. Does the business make no profit and incur loss?

STEPS IN MAKING AN INCOME STATEMENT

Step 1. Gather the necessary information

- In accounting system, the best tool to take information in making an
income statement would be the “adjusted trial balance”.
Step 2. Start by making the heading
- The heading of the income statement is made up of three lines. The
first line contains the name of the company. The second line shows
the title of the report (Income statement). And the third line indicates
the period reported.
For income statements, we use For the Year Ended…., For the Quarter
Ended.., For the Month Ended..,etc depending on the period covered in the report.

Step 3. Report all revenue accounts

- From the adjusted trial balance, we will look for and report all income
or revenue accounts.
Step 4. Report all expenses

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 - From the adjusted trial balance again, we will take all expenses and
include them in the report. Once they are all listed, we will get the
sum of all expenses.
Step 5. Compute for the net income
- Equal to the total revenue minus expenses.

Ron Company
Adjusted Trial Balance
December 31, 2019

Account Titles Debit Credit

Cash in Bank 743,000.00

Account Receivable 35,000.00
Estimated
Uncollectible 350.00
Accounts
Office supplies 70,000.00
Equipment 150,000.00
Accumulated 2,500.00
depreciation
Notes payable 100,000.00
Accounts payable 30,000.00
Accrued advertising 3,000.00
expense
Ron, Capital 850,000.00
Ron, Drawing 10,000.00
Service Income 80,000.00
Salaries expense 10,000.00
Rent expense 5,000.00
Advertising expense 3,000.00
Utilities expense 12,000.00
Taxes and Licenses 4,000.00
Interest expense 1,000.00
Depreciation expense 2,500.00
Office supplies
expense 20,000.00
Uncollectible
Accounts 350.00

TOTAL 1, 065,850.00 1, 065,850.00

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 As mentioned earlier, the adjusted trial balance will help you facilitate
in the preparation of the income statement and balance sheet. The income
statement shows all the Nominal Accounts” while the Balance sheet shows
all the Real Accounts. At this point, it is worthy to mention as a reminder
that the Nominal Accounts are the temporary accounts of Owner’s Equity
comprising of income and expenses, while the Real Accounts are
permanent accounts comprising assets, liabilities and owner’s equity.
This justifies why the period covered in the Income Statement is worded “for
the period ended” which can either be a monthly, quarterly, semi – annually
or annually while that of the Balance Sheet is worded “As of” which means,
it is prepared on specific or particular date.

Shown below is an income statement in a Modified Single-Step form

(wherein all costs are and expenses are deducted from income to arrive “Net
income/Loss” from the operation) of Ron and John Company extracted from
the given adjusted trial balance

Ron Company
Income Statement
For the year ended December 31, 2019

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Revenue:
Service Income 80,000.00
Operating Expenses:
Uncollectible accounts 350.00
Depreciation expense 2,500.00
Salaries Expense 10,000.00
Rent expense 5,000.00
Utilities expense 10,000.00
Office Supplies expense 20,000.00
Taxes and Licenses 4,000.00
Advertising expense 3,000.00 (56,850.00)
Operating income: 23,150.00
Less: Finance charge
Interest expense (1,000.00)
Net Income 22, 150.00

BALANCE SHEET
Balance sheet is a financial statement which shows the financial
position of an enterprise as of a particular date. It consists of three (3)
sections which are the Assets, Liabilities and Owner’s Equity section. A
balance sheet is always worded as follows;

“As of specific date”

The balance sheet measures and evaluates in terms of the enterprise’s
liquidity, solvency financial structure for adaptation. Liquidity is the
stability of the enterprise to meet currently maturing obligations. Solvency
is the availability of cash over the longer term to meet obligations. Financial
Structure is the source of financing assets of the enterprise. It indicates
how much borrowed capital and how much is equity capital.
In preparing a balance sheet, the assets are presented first, followed
by the liabilities and equity. To show the accounting equation is satisfied,
the total assets and the total liabilities and owner’s equity should be
highlighted to be equal of amounts.

A balance sheet is of two forms; “Report Form” and “Account Form”.

The “Report Form” of a balance sheet, assets are shown first and followed
by liabilities and owner’s Equity in a “vertical order”. This form of a balance
sheet is used when there are only few accounts involved.

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 Shown below is the “Report Form” of a balance sheet of Ron and
John Company as of December 31, 2019.

Ron Company
Balance Sheet
As of December 31, 2019

ASSETS
Current assets:
Cash in Bank 743,000.00
Account receivable 35,000.00
Less: Est. uncollectible accounts (350.00) 34,650.00
Office supplies 70,000.00
Total Current assets 847,650.00

Non – current asset

Equipment 150,000.00
Less: Acc. Depreciation (2,500.00)
Total Non – Current asset 147,500.00
Total Assets 995,150.00
Liabilities & Owner’s Equity
Liabilities
Current Liabilities:
Notes payable 100,000.00
Accounts payable 30,000.00
Accrued advertising expense 3,000.00
Total Current Liabilities 133,000.00
Owner’s Equity
Ron, Capital 862,150.00
Total Liabilities & Owner’s Equity 995,150.00

Take note that Ron, Capital beginning of 850,000.00 was deducted by his
withdrawal during the year of 10,000.00 and added by in the amount of
22,150.00 representing profit for a total of 862,150. This is his present
equity appeared in the balance sheet.

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The Account Form of a balance sheet is patterned after the accounting
equation, Assets = Liabilities – Owner’s Equity wherein the Assets are shown
at the left side and the liabilities and Owner’s Equity at the right side. The
three accounting elements are arranged in “Horizontal order”. This form of
Balance sheet is used when there are plenty of accounts involved.

Shown below is the “Account Form” of a balance sheet of Ron Company as

of December 31, 2019.
Ron Company
Balance Sheet
As of the year ended December 31, 2019
ASSETS LIABILITIES
Current assets: Current liabilities:
Cash in Bank 743,000.00 Notes, payable 100,000.00
Acc. Receivable 35,000 Accounts payable 30,000.00
Less. Est. Unc. Acc. 350.00 34,650.00 Accrued
Office supplies 70,000.00 Advertising 3,000.00
Total Current Assets 847,650 Total Current
Liabilities 133,000.00
Non – current assets
Equipment 150,000.00 OWNER’S EQUITY
Less. Acc. Depreciation 2,500.00 Ron, Capital 862,150.00
Total Non-current assets 147,500.00

Total Assets 955,150.00 Total Liabilities 995,150.00

& Owner’s Equity
Usually, the assets and liabilities are presented according to their
liquidity. Cash being the most liquid asset, is presented first, and followed
by receivables, inventories and property, plant and equipment accounts.
Basically, the shorter the time an asset is expected to be converted into
cash, the more liquid it is, and this is the reason why cash is presented first.
The same is followed in the presentation of liabilities. Those liabilities
expected to be paid first are presented before those that will be paid later.

STATEMENT OF CASH FLOWS

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 Basically, the statement of cash flow is similar to your Statement of
Cash Receipts and Cash Disbursement. Receipts are “inflows” while
disbursements are “outflows” only these are classified into;
 Operating activities - the inflows and outflows of cash from the
normal operating activities of the business.
 Investing activities – the inflows and outflows of cash from the
sale or purchase of assets other than inventory
 Financing activities – the inflows and outflows of cash from
the owners and creditors of the enterprise.
There are two (2) methods of preparing cash flows under the operating
activities, these are the direct and indirect method. However in ASC No. 22
(Revised 2000) enterprise are encouraged to report cash flows from
operating activities using the direct method.

Direct Method

This is derived at by taking a look at the Cash in Bank account in the

General Ledger. Here is the abstract of your Cash in Bank account

Cash in Bank
Source of Cash Uses of Cash
March 1 investment 850,000.00 – financing March 3 150,000.00 equipment - investing
17 Bank Loan 100,000 – financing 10 4,000.00 payment of taxes - operating
21 Collection 45,000.00 –operation 12 10,000.00 withdrawal – financing
17 1,000.00 payment of interest – operating
25 60,000.00paymentof supplies – operating
30 27,000.00 payment of
Rent – 5,000.00 – operating
Utilities – 12,000.00 - operating
Salary – 10,000.00 – operating

995,000.00 252,000.00

The difference between sources of cash in the amount of 995,000.00 and the
uses of cash in the amount of 252,000.00 in the cash balance at the end of
the period, 743,000.00

STEPS IN PREPARING STATEMENT OF CASH FLOWS

Step 1. Prepare the operating activities section
This step can be done using one of two methods
Step 2. Prepare the investing activities section by presenting cash
activity for non – current asset.

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 - This step focuses on the effect changes in non – current assets have
on cash. Non – current asset balances found on the balance sheet,
coupled with other information (e.g., cash proceeds from sale of
equipment) are used to perform this step.
Step 3. Prepare the financing activities section by presenting cash
activity for non – current liabilities and owner’s equity.
- This step focuses on the effect changes in non-current liabilities and
owner’s equity have on cash. Non-current liabilities and owner’s
equity balances found on the balance sheet, coupled with other
information (e.g., cash dividends paid) are used to perform this step.
Step 4. Reconcile the change in cash.
- Each section of the statement of cash flows described in steps 1, 2,
and 3, will show the total cash provided by (increase) or used by
(decrease) the activity. Step 4 simply confirms that the net of these
changes equates to the change in cash on the balance sheet.
For example, assume the balance sheet shows cash totaled 100 pesos
at the end of last year and 140 pesos at the end of the current year.
Thus cash increased 40 pesos over the course of the current year.
Step 4 reconciles this change with the changes shown in the three
sections of the statement of cash flows. Suppose operating activities
provided cash of 170 pesos, investing activities used cash of 160
pesos, and financing activities provided cash of 30 pesos. These 3
amounts netted together reconcile to the 40 pesos increase in cash
shown on the balance sheet. (= 170 -160+30).

Direct method
Ron Company
Statement of Cash Flow
For the year ended December 31, 2019

Cash Flows from Operating Activities:

Cash collection from customers 45,000.00
Payment of taxes & licenses (4,000.00)
Purchase of office supplies (60,000.00)

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 Payment of salaries (10,000.00)
Payment of rental (5,000.00)
Payment of utilities (12,000.00)
Payment of interest (1,000.00)
Net cash provided by operating (47,000.00)
Activities
Cash Flows from Investing Activities:
Purchase of equipment (150,000.00)
Net cash provided by investing ‘ (150,000.00)
Activities
Cash Flows from Financing Activities:
Cash received as investment by owner 850,000.00
Cash received from bank loan 100,000.00
Payment for withdrawal by owner (10,000.00)
Net cash provided by financing 940,000.00
Activities
Net increase (decrease) in cash 743,000.00
Add: Cash Balance at the beginning of the period ____________
Cash Balance at the end of the period 743,000.00
SIGNIFICANCE OF FINANCIAL STATEMENTS
Financial statements provide vital information about its financial
health. These statements are compiled based on day-to-day bookkeeping
that tracks funds flowing in and out of the business. The information the
statements provide offers benchmarks and feedback that help the company
make minor adjustments and also determine its overall direction. Financial
statements are useful for making economic decisions regarding expansion
and financing. They also figure into marketing decisions, providing data
indicating which aspects of company operations provide the best return on
investment.
SELF- CHECK 4.3-1

Multiple choice: Read each statement carefully. Write the letter on the
space provided before each number. Write your answer in capital
letters.
_____1. These are documents considered as the “end products” of the
accounting process.
A. Financial Statements
B. Balance Sheet

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 C. Income Statement
D. Statement of Cash Flows
_____2. The other name of balance sheet is ___________________?
A. Statement of Financial Performance
B. Statement of Financial Position’
C. Statement of Comprehensive Income
D. Statement of Changes in owner’s Equity
______3. The other name of income statement is __________________?
A. Statement of Financial Performance
B. Statement of Financial Position’
C. Statement of Comprehensive Income
D. Statement of Changes in owner’s Equity
_______4. What is the basic accounting equation?
A. L+A = OE
B. A+OE = L
C. L+0E = A
D. L – OE = A
_______5. One of the 5 basic financial statement which shows the financial
position of an enterprise as of a particular date
A. Statement of cash flows
B. Statement of financial performance
C. Financial statements
D. Balance sheet
________6. It is a financial statement which shows the performance of the
enterprise for a given period of time.
A. Statement of cash flows
B. Income statement
C. Financial statements
D. Balance sheet
_________7. One of the classification of statement of cash flows wherein the
inflows and outflows of cash is from the normal operating activities of the
business.

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 A. Non – operating activities
B. Operating activities
C. Financing activities
D. Investing activities
________8. Statement 1: Nominal Accounts are the temporary accounts of
Owner’s Equity comprising of income and
expenses.

Statement 2: Real Accounts are permanent accounts comprising

assets, liabilities and owner’s equity.

A. Statement 1 & 2 are both false

B. Statement 1 & 2 are both true
C. Statement 1 is true and statement 2 is false
D. Statement 1 is false and statement 2 is true
_______9. The first financial statements to be prepare is the
A. Statement of cash flows
B. Income statement
C. Balance sheet
D. Statement of changes in owner’s equity
_______10. How many sections are there in a statement of cash flows
A. 2
B. 3
C. 4
D. 5

Answer Key 4.3-1

1. A
2. B
3. A
4. C
5. D
6. B

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 7. B
8. B
9. B
10. B

TASK SHEET 4.3-1

TITLE: PREPARING FINANCIAL STATEMENTS

PERFORMANCE OBJECTIVE:
Given the materials, you must be able to:
1. Worksheet is prepared using the prescribed format.
2. [Link] statement is prepared in accordance with generally
accounting principles/Philippine Financial Reporting Standards

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 3. [Link] of Change in Equity is prepared in accordance with
generally accepted accounting principles/Philippine Financial
Reporting Standards
4. Balance Sheet is prepared in accordance with generally accepted
accounting principles/Philippine Financial Reporting Standards.
5. Statement of Cash Flow is prepared in accordance with generally
accepted accounting principles/Philippine Financial Reporting
Standards
6. Financial Statements are prepares in accordance with generally
accepted accounting principles/Philippine Financial Reporting
Standards.

SUPPLIES/MATERIALS
 Paper
 Learning Materials
 Pencil
 Eraser

TOOLS AND EQUIPMENT:

 Calculator

STEPS/PROCEDURE:
1. An Adjusted Trial Balance and a General Ledger of Cash in Bank is
presented below to help facilitate the preparation of Income
Statement, balance Sheet and Statement of Cash Flow
2. From the given Adjusted Trial Balance prepare Income Statement, and
Balance Sheet
3. From the given General Ledger of Cash in Bank prepare Statement of
Cash Flow
4. Prepare the Balance Sheet, Income Statement and Statement of Cash
Flow in accordance with generally accepted accounting principles/
Philippine Financial Reporting Standards.
5. Extract the correct final financial statement of account with 100%
accuracy.
6. Make your work neat and clean.
7. Observe proper erasure.

Alcaria Company
Adjusted Trial Balance
December 31, 2019

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 Account Titles Debit Credit
Cash in Bank 100,000.00
Account Receivable 200,000.00
Estimated Uncollectible accounts 1,000.00
Office Supplies 30,000.00
Prepaid Expenses 300,000.00
Inventory 603,000.00
Computer Equipment 70,000.00
Accumulated Depreciation 2,000.00
Accounts Payable 100,000.00
Notes Payable 200,000.00
Accrued Advertising Expense 5,000.00
Alcaria, Capital 250,000.00
Alcaria, drawing 30,000.00
Service Income 350,000.00
Salaries Expense 165,000.00
Rent expense 45,000.00
Advertising expense 75,000.00
Utilities expense 80,000.00

TOTAL 1,303,000.00 1,303,000.00

General Ledger

Sources of Cash Uses of Cash

March 1 investment 10,000.00 March 3 Computer equipment 70,000.00
March 2 Bank Loan 90,000.00 March 7 Withdrawal 30,000.00
March 4 Collection 115,000.00 March 9 Payment of supplies 5,000.00
March 10 Payment of
Utilities 3,000.00
Salaries 2,000.00
Advertising 1,000.00
Rent 4,000.00

215,000.00 115,000.00

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ASSESSMENT METHOD:
Portfolio Assessment using the Performance Criteria Checklist

PERFORMANCE CRITERIA CHECKLIST 4.3-1

CRITERIA YES NO

1. Did the candidate used the information

presented in the Adjusted Trial Balance in 
preparing Income Statement?

2. Did the candidate used the information 

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 presented in the Adjusted Trial Balance in
preparing Balance Sheet?


3. Did the candidate used the General Ledger
in preparing Statement of Cash Flow?

4. Did the candidate prepared the income 

statement in accordance with Generally
Accepted Accounting Principles/Philippine
Financial Reporting Standards?

5. Did the candidate prepared the Balance 

Sheet in accordance with Generally Accepted
Accounting Principles/Philippine Financial
Reporting Standards?

6. Did the candidate prepared the Statement 

of Cash Flow in accordance with Generally
Accepted Accounting Principles/Philippine
Financial Reporting Standards?


5. Did the candidate extract the correct final
Income Statement?

6. Did the candidate extract the correct

Balance Sheet?


7. Did the candidate extract the correct
Statement of Cash Flow?


7. Did the candidate present a neat and clean
Income statement?

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 
8. Did the candidate present a neat and clean
Balance Sheet?


9. Did the candidate present a neat and clean
Statement of Cash Flow


9. Did the candidate observe the proper way
of making erasures?

BIBLIOGRAPHY

Fundamentals of Accounting (Simplified Procedural Approach): Rafael M.

Lopez, Jr. / 2014 – 2015 Edition

Basic Accounting (Made Easy): Win Ballada, CPA, MBA / Susan Ballada,
CPA / 16th Edition

Bookkeeping Trainer’s Regulation (TR)

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[Link]

[Link]
[Link]

[Link]

[Link]

EVIDENCE PLAN

Competency standard: Bookkeeping NC III

Unit of competency: Prepare Financial Report

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Ways in which evidence will be collected:
[tick the column]

Demonstration & Questioning

Observation & Questioning

Third party Report

Portfolio

Written
The evidence must show that the trainee…

 The learners prepared the financial statement in

accordance with generally accepted accounting    
principles/Philippine Financial Reporting Standards

   
 The learners prepared the financial statement

NOTE: *Critical aspects of competency

TABLE OF SPCEFICATION

Test item Distribution Total

Number
Content/ Knowledge Comprehension Application Percentage
of items
Objectives 40% 40% 20%

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 Balance
4 4 1 9 35%
Sheet

Income
4 4 1 9 35%
Statement

Statement of
3 3 1 7 30%
Cash Flows

Total 11 11 3 25 100%

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 COMPETENCY ASSESSMENT TOOL
WRITTEN TEST

Qualification: BOOKKEEPING NC III

Unit of Competency: Prepare Financial Report

Learning Outcome: Preparing Financial Statement

Trainee’s Name Josephine S. Alcaria

Date:

TEST – I

Multiple choice

Direction: Read each statement carefully. Write the correct answer on the
space provided before each number. Please avoid erasures.

_______1. How many methods are there in preparing cash flows under the
operating activities?

A. 2
B. 3
C. 4
D. 5
_______2. Balance sheet is also known as ________________?

A. Statement of Financial Position

B. Statement of Financial Performance
C. Third Balance Sheet
D. Statement of Assets Liabilities and Owner’s Equity

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_______3. Income statement is also known as ____________?

A. Statement of Financial Position

B. Statement of Financial Performance
C. Third Balance Sheet
D. Statement of Assets Liabilities and Owner’s Equity

_______4. The other term for statement of Cash Flows is _______________?

A. Statement of Financial Position

B. Statement of Financial Performance
C. Third Balance Sheet
D. None

_______5. Under ASC No. 22 (Revised 2000) enterprise are encouraged to

report cash flows from operating activities using what method?

A. Direct method
B. Indirect method
C. Straight method
D. Curve method

______6. What is the first basic financial statement to be prepare?

A. Balance Sheet
B. Statement of Cash Flow
C. Income Statement
D. Financial Statements

______7. It is a financial statement which shows the financial performance of

the entity for a given period of time.

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 A. Statement of Cash Flows
B. Balance Sheet
C. Statement of Changes in Owner’s Equity
D. Income statement

______8. Nominal accounts are temporary accounts of Owner’s Equity

comprising _______________?

A. Real accounts
B. Income and Expenses
C. Assets and Liabilities
D. Owner’s equity and Assets

______9. Real accounts are permanent accounts comprising ______________?

A. Income and Expenses

B. Asset, Liabilities and Income
C. Liabilities, Asset and Owner’s Equity
D. Owner’s Equity, Assets and Expenses

______10. It is a financial statements that shows the financial position of an

entity as of a particular date.

A. Statement of Cash Flows

B. Balance Sheet
C. Statement of Changes in Owner’s Equity
D. Income statement

COMPETENCY ASSESSMENT TOOL

WRITTEN TEST

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Qualification: BOOKKEEPING NC III

Unit of Competency: Prepare Financial Statement

Learning Outcome: Preparing Financial Statements

Trainee’s Name Josephine S. Alcaria

Date:

TEST – II

True or False

Direction: Read each statement carefully. If the statement is correct write

the word “FALSE” and “TRUE” if the statement is incorrect.
Write your answer on the space provided before each number. Write
your answer in capital letters. Please avoid erasures.

___________1. Solvency is the stability of the entity to meet currently

maturing obligations.

___________2. Basically, the statement of cash flow is dissimilar to your

Statement of Cash Receipts and Cash Disbursements.

___________3. The income statement should always bear the following

heading, the company’s name and the title of the report
only.

___________4. Balance sheet always bear the following heading, the

company’s name and the title of the report.

___________5. The income statement measures and evaluates in terms of the

enterprise’s liquidity, solvency financial structure for
adaptation.

___________6. A balance sheet is always worded as “for the period ended.

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___________7. An income statement is always worded as “As of the period
ended”

___________8. It is worthy to mention as a reminder that the Nominal

Accounts are the temporary accounts of Owner’s Equity
comprising of income and expenses.

___________9. Income statement is worded ‘for the period ended” which can
either be a monthly, quarterly, semi – annually or annually

___________10. Investing activities are the inflows and outflows of cash from
the normal operating activities of the business

COMPETENCY ASSESSMENT TOOL

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 WRITTEN TEST

Qualification: BOOKKEEPING NC III

Unit of Competency: Prepare Financial Report

Learning Outcome: Preparing Financial Report

Trainee’s Name Josephine S. Alcaria

Date:

TEST - III

MULTIPLE CHOICE

Direction: Read each statement carefully and encircle the letter of the
correct answer. Please avoid erasures.

1. Financing activities are _______________________.

A. The inflows nd outflows of cash from the normal operating

activities of the business.
B. The inflows anf outflows of cash from the sale or purchase of assets
other than inventory.
C. The inflows and outflows of cash from the owners and creditors of
the enterprise
D. All of the above

2. Which of the following is/are belong to nominal accounts?

A. Expenses
B. Income
C. Asset
D. Both a & b

3. When all the expenses are deducted from revenue the difference is called?

A. Gross Profit

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 B. Net Income/Loss
C. Contribution Margin
D. Equity

4. Which of the following does not belong to steps in preparing Statement of

Cash Flows?

A. Prepare the financing activities section

B. Prepare the investing activities section
C. Compute for the net income
D. Prepare the operating activities section

5. In order to prepare financial statements we need to have?

A. Preliminary Trial Balance

B. Adjusted Trial Balance
C. General Ledger
D. Journal Entry

ANSWER KEY

TEST I TEST II TEST III

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1. A 1. TRUE 1. C
2. A 2. TRUE 2. D
3. B 3. TRUE 3. B
4. D 4. TRUE 4. C
5. A 5. TRUE 5. B
6. C 6. FALSE
7. D 7. TRUE
8. B 8. FALSE
9. C 9. TRUE
10. B 10. TRUE

PERFORMANCE TEST
SPECIFIC INSTRUCTION FOR THE CANDIDATE

QUALIFICATION: BOOKKEEPING NC III

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 TITLE OF PBA: Prepare Financial Statements
UNITS OF COMPETENCY Prepare Financial Statements
COVERED:

PLEASE READ CAREFULLY

Given the necessary tools and materials, you are required to prepare
Balance sheet, Income Statement and Statement of Cash Flow with 100%
accuracy and in accordance with the generally accepted accounting
principles/Philippine Financial Reporting Standards. (Allotted Time: 1 hour)
1. With the use of Adjusted Trial Balance prepare an Income Statement.
2. After making an Income Statement prepare the Balance sheet
manifesting the effect of the net income/loss and the withdrawal to
the capital.
3. With the use of General Ledger prepare Statement of Cash Flow.
4. Prepare the financial statements in accordance with Generally
Accepted Accounting Principles/Philippine Financial Reporting
Standards.
5. Make your own neat and clean
6. Observe proper erasures

STEPS/PROCEDURE:
1. An Adjusted Trial Balance and a General Ledger of Cash in Bank is
presented below to help facilitate the preparation of Income
Statement, balance Sheet and Statement of Cash Flow
2. From the given Adjusted Trial Balance prepare Income Statement, and
Balance Sheet
3. From the given General Ledger of Cash in Bank prepare Statement of
Cash Flow
4. Prepare the Balance Sheet, Income Statement and Statement of Cash
Flow in accordance with generally accepted accounting principles/
Philippine Financial Reporting Standards.
5. Extract the correct final financial statement of account with 100%
accuracy.
6. Make your work neat and clean.
7. Observe proper erasure.

Alcaria Company
Adjusted Trial Balance
December 31, 2019

Date Developed: Document No.

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 Account Titles Debit Credit
Cash in Bank 100,000.00
Account Receivable 200,000.00
Estimated Uncollectible accounts 1,000.00
Office Supplies 30,000.00
Prepaid Expenses 300,000.00
Inventory 603,000.00
Computer Equipment 70,000.00
Accumulated Depreciation 2,000.00
Accounts Payable 100,000.00
Notes Payable 200,000.00
Accrued Advertising Expense 5,000.00
Alcaria, Capital 250,000.00
Alcaria, drawing 30,000.00
Service Income 350,000.00
Salaries Expense 165,000.00
Rent expense 45,000.00
Advertising expense 75,000.00
Utilities expense 80,000.00

TOTAL 1,303,000.00 1,303,000.00

General Ledger

Sources of Cash Uses of Cash

March 1 investment 10,000.00 March 3 Computer equipment 70,000.00
March 2 Bank Loan 90,000.00 March 7 Withdrawal 30,000.00
March 4 Collection 115,000.00 March 9 Payment of supplies 5,000.00
March 10 Payment of
Utilities 3,000.00
Salaries 2,000.00
Advertising 1,000.00
Rent 4,000.00

215,000.00 115,000.00

ASSESSMENT METHOD:
Portfolio Assessment using the Performance Criteria Checklist

LIST OF EQUIPMENT, TOOLS AND MATERIALS

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EQUIPMENT

DESCRIPTION

Table
Chairs

SUPPLIES AND MATERIALS

Pencils
Pencil eraser

Ballpen
Paper

TOOLS

Stapler

Calculators

QUESTIONING TOOL

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 Questions to probe the candidate’s underpinning Satisfactory
knowledge response
Extension/Reflection Questions Yes No
1. Are you familiar with the different sections of each
financial statements?  

2. How will you prepare financial statements?  

3. Are you also familiar with the format of each financial
statement? ( Income Statement, Balance Sheet and  
Statement of Cash Flow)
Safety Questions
4. What will you do first in preparing the financial  
statements?
5. What standard will you follow in preparing financial  
statements?
6. How will you avoid errors in preparing financial  
statements?
Contingency Questions

7. What will you do if the asset section in the balance sheet  

is not equal to the total liabilities and owner’s equity?
Job Role/Environment Questions
8. Based on your understanding, about the procedure in  
preparing financial statements how important this in your
work as a bookkeeper?
Rules and Regulations
9. Did the task you performed is in accordance with the  
industries standard?

10. Do you need to follow steps/procedures in Preparing  

Financial Statements?
11. Do you need to familiarize the sections of each financial  
statements?
The candidate’s underpinning  Satisfact  Not
knowledge was: ory Satisfact
ory

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 Feedback to candidate
Candidate is expert and satisfactorily performed the entire required
performance standard prescribed in the Training Regulation in Bookkeeping
NCIII.

Candidate
Josephine s. Alcaria Date: 04-09-2019
signature:
Assessor
Rona Rose D. Capitania Date: 04-09-2019
signature:
Acceptable answers are:
1. Yes, the sections comprising income statement are income and
expenses, assets, liabilities and owner’s equity for the balance sheet
and operating activities, investing activities and financing activities for
the statement of cash flow.
2. In preparing financial statements it must be with accordance with
Generally Accepted Accounting Principles/Philippine Financial
Reporting Standards.
3. Yes, the format of the financial statements, there should be a Heading
Title which includes the name of the Company, then write the title of
the report with the reporting date indicating the phrase, “For the
period ended” for income statement and “As of the period ended” for
balance sheet with the different sections intended of each financial
statements.
4. The first thing that you are going to do in preparing financial
statements is to make the heading of the report
5. In preparing financial statements it must be in accordance with
Generally Accepted Accounting Principles/ Philippine Financial
Reporting Standard.

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 6. To avoid error in the preparation of financial statements we should
double check the balances from the Adjusted Trial Balance to the
Financial Statements. Check your financial statements mathematical
accuracy. Sometimes, using a calculator to add the account title in
each section totals manually from top to bottom then again from
bottom to top until you come up with accurate amount. The
preparation of financial statements must also be in accordance with
the Generally Accepted Accounting Principles/Philippine Financial
Reporting standard.
7. One reason of Unbalance Statement of Financial Position is the failure
to classify account titles according to its classification. Sometimes you
exclude/include accounts that are necessary/unnecessary in
computing the accurate amount. This will result to an overstatement
or understatement of the section, yielding an unbalanced statement of
financial position. To avoid this, you must carefully double check in
classifications of your account.
8. It is important to do my job well.
9. Yes, because that is the standard procedure to protect your health and
safety.
10. Knowing and following the Procedure in Preparing Financial Statement
is the best way to ensure that the financial statements is prepared in
accordance with Generally Accepted Accounting Principles/Philippine
Financial Reporting Standard
11. Yes, to ensure that the financial statements is prepared in accordance
with Generally Accepted Accounting Principles/Philippine Financial
Reporting Standard
Assessor signature: Rona Rose D. Capitania Date: 04-09-2019

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 OBSERVATION CHECKLIST

Candidate name: Josephine S. Alcaria

Assessor name: Rona Rose D. Capitania

Assessment SIBUGAY TECHNICAL INSTITUTE INCORPORATED
Center:
Competency Bookkeeping NC III
Standards:
Unit of Prepare Financial Report
Competency:

Instructions for the assessor:

1. Follow the standard procedures of OHS.

2. Prepare all the materials needed like calculator, pencil/ball pen and
eraser.
3. Listen and follow the instruction given and do not write anything on
your paper until there’s no signal.
4. Complete the feedback sections of the form.
5.
Date of observation April 10, 2019
Description of assessment
activity
Location of assessment
Lower Taway, Ipil, Zamboanga Sibugay
activity
The candidate…. If yes, tick the
box
 Financial Statements are prepared in accordance
with Generally Accepted Accounting Principles 
Philippine Financial Reporting Standard?
 Prepared Financial Statements? 

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Did the candidate’s overall performance meet the  Y  No
standard? es

QUESTIONS

Questions to prove the candidate’s underpinning Satisfactory

knowledge Response
The candidate should answer the following Yes No
questions:
EXTENSION QUESTIONS
1. What would you do if you missed to include 
one account in the balance sheet?
2. What would you do if you entered a wrong 
figure or amount in the calculator?
CONTINGENCYQUESTIONS
1. What would you do if suddenly a power 
interruption occurred while performing your
task in the computer?
2. What would you do if the calculator fall and 
was destroy while performing your task?
SAFETY QUESTIONS
1. How do you ensure safety when using 
computer?
2. How do you avoid your back and neck pains 
while performing your tasks?
INFREQUENT EVENTS
1. What action would you take if the computer 
suddenly shuts down?
2. What would you do if at the end of your task 
you do not get the correct balance?
REGULATIONS AND CODE OF PRACTICE
1. What are the standards that should be followed 
in preparing financial statements?
The candidate’s underpinning knowledge □ Satisfactory □ Not
was: satisfactory

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Feedback to candidate
Candidate is expert and satisfactorily performed the entire required
performance standard prescribed in the Training Regulation in Bookkeeping
NCIII.

Candidate
signature: Josephine S. Alcaria Date: 05/06/19
Assessor
signature: Rona Rose D. Capitnia Date: 05/06/19

Acceptable answers are:

1. Identify the account that was not included and carry it in the financial
statement to arrive in a correct amount

[Link] double check additions by re-adding until the calculator will

reflect a similar balance
3. Turn-off the power regulator and wait for the power to resume. When
the power resume retrieve the file. To avoid deletion of work in progress,
always save files

4. Approach the trainer for another calculator

5. To ensure safety always check that connections are in accordance with
voltage specifications, follow the proper procedures in turning on and off,
and always ask for the trainer’s help in case of doubts.
6. To avoid back and neck pains, observe proper sitting positions. When
necessary, take short breaks to perform some stretching outside the
training area so as not to distract others
7. Identify the reason for the shutdown. It could be a power interruption
or the electrical connection was disconnected. In case the reason is
unknown call the trainer for help
8. Always double check the work, particularly calculator operations, If
still the balance is incorrect, apply the rules and techniques on finding
errors

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 9. In preparing financial statement it must be in accordance with
Generally Accepted Accounting Principles/Philippine Financial Reporting
Standards.
Assessor signature: Rona Rose D. Date: 05/06/2019
Capitania

INVENTORY OF TRAINING MATERIALS TEMPLATE

Resources for presenting instruction

 Print Resources As per In Remarks
Training Inventory
Regulation
Training Regulation 1 1 Complete
CBC 1 1 Complete

CBLM 1 1 Complete

References 4 Complete

 Non Print Resources As per In Remarks

Training Inventory
Regulation
CD 1 1 Complete

LCD 1 1 Complete

LAPTOP 1 1 Complete

Resources for Skills practice of Competency #1

Journalize Transactions
 Supplies and Materials As per In Remarks
Training Inventory
Regulation
Pencils 25 pcs. 25 pcs. Complete

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Pencil eraser 25 pcs. 25 pcs. Complete

Ball pens 25 pcs. 25 pcs. Complete

Ruler 25 pcs. 25 pcs. Complete

Journals 25 pcs. 25 pcs. Complete

Ledger 25 pcs. 25 pcs. Complete

Worksheet 25 pcs. 25 pcs. Complete

Acetate 1 box 1 box Complete

Envelopes (long) 25 pcs. 25 pcs. Complete

Registration Forms 25 pcs. 25 pcs. Complete

Marker 3 pcs 3 pcs. Complete

Ledger Book 1pc. 1pc. Complete

Teacher’s Record Book 1 pc. 1pc. Complete

Marker ink 1 pc. 1 pc. Complete

Staple wire 1 box 1 pc. Complete

 Tools As per In Remarks

Training Inventory
Regulation
Stapler 1 pc. 1 pc. Complete

Calculator 25 pcs. 25 pcs. Complete

 Facilities As per In Remarks

Training Inventory
Regulation
Laptop 1 unit 1 unit Complete

Aircon unit 1 unit 1 unit Complete

LCD projector 1 unit 1 unit Complete

Teacher’s table/chair 1 unit 1 unit Complete

Arm chairs 25 pcs. 25 pcs. Complete

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White board 1 pc. 1 pc. Complete

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 TRAINER’S Distance
COMPUTER LABORATORY LEARNING AREA
RESOURCE CENTER Learning

ENTRANCE
SHOP LAYOUT PRACTICAL WORK AREA

EXIT Bookkeeping NCIII

Work station 3
Work station 1

Work station 5
Work station 4
Work station 2
CONTEXTUAL
QUALITY INSTITUTIONAL
LEARNING
CONTROL AREA LEARNING AREA COMFORT
LABORATORY
ROOM
FIRE EXIT

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