Republic of the Philippines
DepEd Complex, Meralco Avenue, Pasig City
STRENGTHENED SENIOR HIGH SCHOOL CURRICULUM
BUSINESS 1
(BASIC ACCOUNTING)
Grade 11
Course Description:
This course provides learners with a comprehensive understanding and analysis of the fundamental principles and concepts of
accounting. It covers key topics such as the Accounting Cycle of a Service Business and a Merchandising Business and application of
accounting concepts in real-world business scenarios.
Elective: Academic
Prerequisite: NONE
Time Allotment: 80 hours for one semester, 4 hours per week
Schedule: First Semester
QUARTER 1: Introduction to Accounting for Service Business
The learners demonstrate understanding of the fundamental concepts and principles of accounting and
Content Standard:
accounting for service business.
The learners analyze key accounting functions and principles relevant to real enterprise operations such
Performance Standard:
as type of business, books of accounts used, and accounting process methodology.
Learning Competencies Content
1. Discuss the nature, history and branches of accounting and its Introduction to Accounting
offered services ● Meaning, nature and functions of accounting
● History of accounting
● Branches of accounting and its services
Users of Accounting Information
● Internal
● External
2. Explain the basic accounting framework Basic Accounting Concepts and Principles
Introduction to the Generally Accepted Accounting
Principles (GAAP) and Philippine Financial Reporting
Standards (PFRS)
3. Distinguish the five major accounts and their classifications Types of Major Accounts
● Assets
● Liabilities
● Owner’s Equity
● Income
● Expenses
Classification of Accounts
● Nominal accounts
● Real accounts
4. Analyze simple business transactions following the rules of debit and credit The Accounting Equation
Rules of Debits and Credits using T-accounts
5. Distinguish the book of accounts Books of Accounts
● General Journal
● General Ledger
● Subsidiary Ledgers
● Cash Receipt Journal
● Cash Disbursement Journal
● Sales Journal
● Purchase Journal
6. Discuss Balance Sheet as a Financial Statement Accounting Worksheets for:
● Income Statement
● Statement of Changes in Owner’s Equity
● Balance Sheet
● Statement of Cash Flow
7. Analyze service business transactions and the required source documents Accounting Cycle of a Service Business
1. Identify the transaction and events
2. Analyze the nature of the transactions and
events
3. Journalize transactions using the general and
special journals namely: sales journal,
purchase journal, cash receipts journal and
cash payments journal
4. Post to the ledger named as general and
subsidiary ledgers
5. Prepare unadjusted trial balance
6. Prepare adjusting entries
7. Prepare adjusted trial balance
8. Prepare accounting worksheet
9. Prepare financial statements
a. Income Statement
b. Statement of Changes in Owner’s Equity
c. Balance Sheet
d. Statement of Cash flow
10. Prepare closing entries of nominal accounts
11. Prepare post-closing trial balance
12. Prepare reversing entries
Quarter 2: Accounting Cycle for a Merchandising Business using the Perpetual and Periodic Methods
The learners demonstrate understanding of concepts and principles of accounting for merchandising
Content Standard:
business.
The learners complete the practice sets following the accounting cycle for merchandising business using the
Performance Standard:
perpetual and the periodic methods.
Learning Competencies Content
1. Discuss merchandising business transactions and the required source documents Introduction to Merchandising Business
using the perpetual and periodic methods ● Nature of merchandising business
● Source documents for merchandising
2. Explain shipping and delivery terms using the perpetual and periodic methods
business
● Shipping and payment terms
3. Prepare complete accounting worksheets following a record of transactions in the Accounting Cycle of a Merchandising
merchandising business using the perpetual method and periodic method Business
1. Identify the transaction and events
2. Analyze the nature of the transactions and
events
3. Journalize transactions using the general
and special journals namely: sales journal,
purchase journal, cash receipts journal and
cash payments journal
4. Post to the ledger named as general and
subsidiary ledgers
5. Prepare unadjusted trial balance
6. Prepare adjusting entries
7. Prepare adjusted trial balance
8. Prepare accounting worksheet
9. Prepare financial statements
a. Income Statement
b. Statement of Changes in Owner’s Equity
c. Balance Sheet
d. Statement of Cash Flow
10. Prepare closing entries of nominal
accounts
11. Prepare post-closing trial balance
12. Prepare reversing entries
4. Present a complete accounting practice set following the fundamental accounting Accounting Practice Set
cycle