bactng1 syllabus ub

Course Number: BACTNG1; 6 units

Course Description: INTRODUCTORY ACCOUNTING

Effectivity: 1st Semester, SY 2014-2015

Date Revised: June 30, 2014

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SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY General Luna Road, Baguio City Philippines 2600

UB VISION

In pursuit of perfection, the University of Baguio is committed to provide balanced quality education by nurturing academic excellence, relevant social skills and ethical values in a fun-learning environment.

UB MISSION

The University of Baguio educates individuals to be empowered professionals in a global community. INSTITUTIONAL OBJECTIVES The University of Baguio aims to produce a graduate who:

1. exemplifies a higher standard of learning; 2. manifests the mastery of relevant skills; 3. upholds a conduct that is rightful and just; 4. undertakes scientific and significant researches; 5. advocates sustainable programs for the community and the environment; and 6. leads and demonstrates exemplary performance in the field of specialization.

UB CORE VALUES

COMPETENCE + INTEGRITY = SERVICE

COMPETENCE University of Baguio is committed to nurturing excellent professionals.

INTEGRITY University of Baguio is committed to cultivating a community with ethical values.

SERVICE University of Baguio is dedicated to building a community that advocates sustainable programs for the society and the environment.





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SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY General Luna Road, Baguio City Philippines 2600

SCHOOLMISSION The University of Baguio educates individuals to be empowered professionals in a global community. The School of Business Administration and Accountancy edifies competitive and morally upright individuals. SCHOOL OBJECTIVES

The School of Business Administration and Accountancy aims to produce a graduate who: 1. cultivates the knowledge that is imperative for success in globalized setting;

2. displays expertise appropriate to the profession; 3. typifies professional integrity with humility; 4. undertakes researches to promote systematic bases for business decisions; 5. utilizes macro-environmental acumen for economic growth and development; and 6. exhibits commendable accomplishments in business and accountancy.

PROGRAM OBJECTIVES: The Bachelor of Science in Accountancy Program aims to produce a graduate who: P1. applies accounting knowledge to meet the demands of the business community; P2. demonstrates high proficiency in the practice of the profession; P3. conforms with the highest degree of ethical standards; P4. employs researches to elevate professional knowledge and skills in sound business decisions; P5. satisfies the demands of a dynamic industry for a better community; P6. Typifies excellences in the practice of the accounting profession. The Bachelor of Science in Business Administration and program aims to produce a graduate who:

1. fosters the highest level of competence in the chosen career; 2. performs the requisite skills in the various business disciplines; 3. makes morally upright choices I dealing with ethical dilemmas; 4. undertakes significant researches employed in crafting of relevant business decisions; 5. takes personal initiative and responsibility through participation in community –related activities and; 6. contributes to successful business ventures by creditable work performance.





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CORE VALUES:

1. Professional Ethics 2. Integrity 3. Objectivity and Independence 4. Professional Competence and Due Care 5. Confidentiality 6. Professional Behavior 7. Fairness 8. Transparency 9. Accountability 10. Hard Work 11. Honesty 12. Patience 13. Diligence 14. Innovativeness 15. Risk-taking

1. Program Learning Outcomes (PLO) vis a vis Program Objectives

Program Learning Outcomes

PROGRAM OBJECTIVES

P1 P2 P3 P4 P5 P6

O1. Students graduate to become professionals imbued with high moral/ ethical standards.

O2. Graduates are highly competitive with their acquired knowledge, skills and values in the practice of their profession.

O3. Graduates are confident of their academic and industry preparations and the entry competencies learned to tackle the rigors of the business world.

O4. Students can carry out researches that can be utilized in the community and in the business profession.

O5. Students recognize their responsibility and accountability as professionals and as workers in the community.

O6. Students become aware of and strive for their physical, mental and spiritual well-being.

O7. Students are prepared to meet the needs and demands of global employment without losing the Filipino spirit.

O8. Students become aware of their responsibility to the environment and participate actively in environmental programs.





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2. Course Objectives vis-a-vis Program Learning Outcomes

Course Objectives

PROGRAM OUTCOMES

O1 O2 O3 O4 O5 O6 O7 O8

COGNITIVE DOMAIN

C1. Discuss the key concepts of the course. √ √ √ √ √

C2. Explain the importance of accounting in different business organizations. √ √ √ √ √ √ √ √

C3. Enumerate and explain the different steps in the accounting cycle. √ √ √ √ √ √ √ √

C4. Relate the preparation and importance of financial statements in the analysis of business operations √ √ √ √ √ √ √ √

C5.develop a system for higher learning designed specifically in preparation for the CPA Licensure Examinations. √ √ √ √ √ √ √ √

AFFECTIVE DOMAIN

C6. Appreciate the value of accounting to his future profession. √ √ √ √ √ √ √ √

C7. 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

√ √ √ √ √ √ √ √

C8. Imbibe desirable attitudes and values in the fulfillment of course requirements. √ √ √ √ √ √ √ √

PSYCHOMOTOR DOMAIN

C9. Prepare accounting documents and reports in good form. √ √ √ √ √ √ √ √

C10. Solve for unknowns in accounting problems/exercises. √ √ √ √ √ √ √ √

C11. Apply the accounting cycle in solving accounting problems. √ √ √ √ √ √ √ √

C.12 Perform simple evaluation of service and merchandising businesses as to effectiveness of their operations. √ √ √ √ √ √ √ √

Course Description: This course provides an introduction to accounting, within the context of business and business decisions. Students explore the role of accounting information in the decision-making process

and learn how to use various types of accounting information found in financial statements and annual reports. This course starts with a discussion of accounting thought and the theoretical background of accounting and the accounting profession. The next topic is the accounting cycle for service and merchandising concerns – recording, handling, and summarizing accounting data, including the preparation and presentation of financial statements for merchandizing and service companies. Emphasis is placed on understanding the reasons underlying basic accounting concepts and providing students with an adequate background on the recording, classification, and summarization functions of accounting to enable them to appreciate the varied uses of accounting data. Also discussed are special journals, the voucher system, and simple bank reconciliation.





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Pre-requisite/s

FOR BA STUDENTS: ENGLIS2,MATHEM1, PHILOS1

I. DETAILED COURSE OUTLINE:

Session Learning Objectives/Goals

(SLO/G)

Content Topic

Outcomes Based

Methodologies/ Strategies & Approaches

Learning Outcomes Time

Allotment

Values

Evaluative Measures

To orient the student.

Course Syllabus VMO

Seat Plan Leveling of Expectations

Lecture/Discussion

Be oriented of the VMO,

Requirements and Grading system

1 hr Accountability Recitation

At the end of the session the student is expected to learn the introduction of accounting such as the definition, the history, fields, phases, basic concepts the accountancy profession, the types of business as to nature, the forms of business organization, as well as the different users of financial information and their information needs.

1. INTRODUCTION 1.1 Development of Accounting 1.2 Accountancy in the Philippines

1.2.1 Globalization 1.2.2 Policy Developments

(www.accounting.rutgers.edu/raw) 1.2.3 Technological Developments 1.2.4 Accountancy Act of 2004 1.2.5 Scope of Practice

1.2.5.1 Public Accountancy 1.2.5.2 Commerce and Industry 1.2.5.3 Education/Academe 1.2.5.4 Government

1.2.6 The Professional Regulatory Board of Accountancy

1.2.7 Qualifications of members of the Professional Regulatory Board

1.2.8 The Certified Public Accountant Examination 1.2.8.1 Qualifications of Applicants 1.2.8.2 Scope

1.2.8.3 Rating in the Licensure Examination

Lecture-discussion,

Board exercises, Recitations,

Group Activity

The student should be able to define

and learn accounting, its four phases, fields and

history. The student should be able to differentiate the different types of business as to

nature as well as the forms of business organization. They should also be able to differentiate the different users of

financial information and their information

needs.

4 hrs Professional competence

Assignments, Research,

Case Analysis, Quiz,

Seatworks





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(SLO/G)

Content Topic

Outcomes Based



Allotment

Values

Evaluative Measures

1.2.8.4 Report of Ratings 1.2.8.5 Failure of Candidates to take

Refresher Course 1.2.9 Code of Ethics for Philippine CPAs

1.2.9.1 Distinguishing Characteristics of a Profession

1.2.9.2 Basic Requirements to meet the Objectives on the Accountancy Profession

1.2.9.2.1 Credibility 1.2.9.2.2 Professionalism 1.2.9.2.3 Quality of Services 1.2.9.2.4 Confidence

1.2.9.3 Fundamental Principles/Prerequisites to Achieve the Objectives of the Accountancy Profession

1.2.9.3.1 Objectivity 1.2.9.3.2 Professional

Competence and Due Care

1.2.9.3.3 Confidentiality 1.2.9.3.4 Professional

Behavior 1.2.9.3.5 Technical Standards

1.2.10 The Accounting Profession 1.2.11 Professional Organization-PICPA

1.2.11.1 Objectives 1.2.12 Core Competencies for Accountants

1.2.12.1 General knowledge 1.2.12.2 Organizational and Business

Knowledge 1.2.12.3 Information Technology

Knowledge





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(SLO/G)

Content Topic

Outcomes Based



Allotment

Values

Evaluative Measures

1.2.12.4 Accounting Knowledge 1.2.12.5 Skills 1.2.12.6 Values

1.2.13 Business Ethics 1.2.14 International Accounting Standards

1.3 Specialized Accounting Services 1.3.1 Auditing 1.3.2 Cost Accounting 1.3.3 Financial Accounting 1.3.4 Internal Auditing 1.3.5 Government Accounting 1.3.6 Tax Accounting 1.3.7 Management Consulting 1.3.8 International Accounting

1.4 Forms of Business Organization 1.4.1 Sole Proprietorship 1.4.2 Partnership 1.4.3 Corporation 1.4.4 Cooperative

1.5 Activities Performed by Business Organizations 1.5.1 Service concern 1.5.2 Merchandizing 1.5.3 Manufacturing 1.5.4 Agriculture

1.6 Definition of Accounting 1.6.1 Phases of Accounting

1.6.1.1 Recording 1.6.1.2 Classifying 1.6.1.3 Summarizing 1.6.1.4 Interpreting

1.7 Bookkeeping and Accounting 1.8 Fundamental Concepts

1.8.1 Entity Concept 1.8.2 Periodicity Concept





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(SLO/G)

Content Topic

Outcomes Based



Allotment

Values

Evaluative Measures

1.8.3 Stable Monetary Unit Concept 1.9 Users and their Information Needs

1.9.1 Investors/ Owner 1.9.2 Employers / Labor Union 1.9.3 Lenders 1.9.4 Suppliers and other trade creditors 1.9.5 Customers 1.9.6 Government and their Agencies 1.9.7 Public

At the end of the session the student should be able to learn and differentiate the accounting elements and to correctly identify and analyze business transactions of a service business of a sole proprietorship form of business organization.

2. THE ACCOUNTING EQUATION AND THE DOUBLE ENTRY SYSTEM

Accounting Information System 2.1 Elements of Financial Statements

2.1.1 Real Accounts 2.1.2 Nominal Accounts

2.2 The Account 2.2.1 Account – Definition 2.2.2 Typical Account titles Used

2.3 The Accounting Equation 2.4 The Double Entry System-Debits and Credits 2.5 The Rules of Debit and Credit 2.6 Accounting Events and Transactions 2.7 Effects of Transactions 2.8 Typical Account Titles Used 2.9 Analyzing Business Transactions

2.9.1 Use of Financial Transaction Worksheet 2.9.2 Use of T-Account

Lecture-discussion,


Group Activity

The student should be able to correctly classify the different accounting elements

and to properly identify and analyze

business transactions of a

services business.

6 hrs Objectivity

Board work, Assignments,

Quiz, Seat work, Case

analysis

At the end of the session, the student should be able to learn the different steps in

3. ACCOUNTING FOR A SERVICE BUSINESS

3.1 Introduction of the Accounting Cycle 3.1.1 Identifying transactions to be recorded

Lecture-discussion, Recitations

The student should be able to learn the different steps in the

accounting cycle.

2 hrs Accountability Quiz,

Assignments





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(SLO/G)

Content Topic

Outcomes Based



Allotment

Values

Evaluative Measures

the accounting cycle. 3.1.2 Journalizing of transactions in the general journal

3.1.3 Posting of journal entries in the general ledger/T-Accounts

3.1.4 Trial Balance preparation 3.1.5 Journalizing adjusting entries 3.1.6 Worksheet preparation 3.1.7 Financial statements preparation

(Web site: com.profile/income/sales) 3.1.8 Closing entries 3.1.9 Preparation of the Post Closing Trial

Balance 3.1.10 Preparation of the Reversing Entries

At the end of the session, the student should be able to properly and accurately analyze and journalize business transactions of a service business.

3.2 Transaction Analysis

3.2.1 Identifying the transactions from the

source documents 3.2.2 Indicate the accounts—either assets,

liabilities, equity, income or expense affected by the transaction

3.2.3 Ascertain whether the account is increased or decreased by the transaction

3.2.4 Using the rules of debit and credit

3.3 Journalizing Transactions 3.3.1 Journalizing-definition 3.3.2 The Journal 3.3.3 Contents of the General Journal 3.3.4 Types of Journal Entries

3.3.4.1 Simple Entry

Lecture-discussion,


Group Activity

The student should be able to properly

and accurately analyze and

journalize business transactions of a service business.

6 hrs Accountability


Quiz, Seat work





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(SLO/G)

Content Topic

Outcomes Based



Allotment

Values

Evaluative Measures

3.3.4.2 Compound Entry

At the end of the session, the student should be able to properly and accurately post in the ledger/T-Accounts the journal entries of business transactions of a service business.

3.4 Posting

3.4.1 Posting-definition 3.4.2 The Ledger-definition 3.4.3 Types of Ledger

3.4.3.1 General Ledger 3.4.3.2 Subsidiary Ledger

3.4.4 Type of Accounts in the General Ledger 3.4.4.1 Permanent Accounts 3.4.4.2 Temporary Accounts

3.4.5 Procedures in posting journal entries to ledger

3.4.6 Chart of Accounts 3.4.7 Normal Balance of an Account 3.4.8 Ledger Accounts After Posting

3.4.8.1 Footing 3.4.8.2 Account Balance

Lecture-discussion,


Group Activity

The student should be able to properly and accurately post

in the ledger/T-Accounts the journal entries of business transactions of a service business.



Quiz, Seat work

At the end of the session, the student should be able to properly and accurately prepare the trial balance of a service business.

3.5 Trial Balance 3.5.1 Definition 3.5.2 Procedures in Preparing the Trial Balance 3.5.2 Locating Errors

Lecture-discussion,


Group Activity


and accurately prepare the trial

balance of a service business.



Quiz, Seat work

At the end of the session, the student should be able to properly and accurately prepare the 6-column worksheet and unadjusted

3.6 Preparing the Worksheet 3.6.1 6-column worksheet 3.7 Preparation of Financial Statements 3.7.1 Statement of Recognized Income and Expenses

3.7.2 Statements of Changes in Owner’s Equity

Lecture-discussion,


Group Activity


and accurately prepare the 6-

column worksheet and unadjusted

financial statements



Quiz, Seat work





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(SLO/G)

Content Topic

Outcomes Based



Allotment

Values

Evaluative Measures

financial statements of a service business.

3.7.3 Statement of Financial Position

of a service business.

FIRST GRADING EXAMINATION Common Exam Part II

3 hrs 2 hrs

At the end of the session, the student should be able to properly and accurately prepare the necessary adjusting entries.

3.10 Adjusting the Accounts 3.10.1 Periodicity Concept 3.10.2 Revenue Recognition Principle 3.10.3 Expense Recognition Principle 3.10.4 The Need for Adjustments 3.10.5 Deferrals and Accruals 3.10.5.1 Deferrals 3.10.5.1.1 Prepaid Expense 3.10.5.1.2 Precollected Income 3.10.5.3 Depreciation 3.10.5.2 Accruals 3.10.5.2.1 Accrued Expense 3.10.5.2.2 Accrued Income 3.10.5.2.3 Provision for Bad Debts 3.10.6 Effects of Omitting Adjustments

Lecture-discussion,


problem solving, Group Activity


and accurately prepare the

necessary adjusting entries.



Quiz, Seat work

At the end of the session, the student should be able to properly and accurately prepare the 10-clomn worksheet.

3.11 Worksheet with Adjusting Entries 3.11.1 10-column worksheet

Lecture-discussion,


problem solving


and accurately prepare the 10-

clomn worksheet.



Quiz, Seat work

At the end of the 3.12 Preparation of Financial Statements Lecture- The student should 9 hrs Accountability Board work,





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(SLO/G)

Content Topic

Outcomes Based



Allotment

Values

Evaluative Measures

session, the student should be able to properly and accurately prepare the financial statements, to prepare the closing entries, post-closing trial balance and the reversing entries of a service business.

3.13 Closing Entries 3.14 Post-Closing Trial Balance 3.15 Reversing Entries

discussion, Board exercises,

Recitations, problem solving

be able to properly and accurately

prepare the financial statements, to

prepare the closing entries, post-closing trial balance and the reversing entries of a service business.

Assignments, Quiz, Seat

work

At the end of the session, the student should be able to properly apply GAAP in the preparation of financial statements.

4.0 GENERALLY ACCEPTED ACCOUNTING PRINCIPLES 4.1 Definition 4.2 Criteria for General Acceptance of an Accounting Principle 4.3 Generally Accepted Accounting Principles


The student should be able to properly apply GAAP in the

preparation of financial statements.

1 hr Objectivity Assignments,

Quiz

At the end of the session, the student should be able to properly follow and apply the framework for the preparation of financial statements.

5.0 FRAMEWORK FOR THE PREPARATION AND PRESENTATION OF FINANCIAL STATEMENTS 5.1 Underlying Assumptions 5.1.1 Accrual Basis 5.1.2 Going Concern 5.2 Qualitative Characteristics of Financial Statements

1.2.1 Threshold Quality – materiality 1.2.2 Relating to Content 1.2.3 Relating to Presentation

5.3 Constraints on Relevant and Reliable Information

Lecture-discussion, Recitations,

Group activity

The student should be able to properly follow and apply the framework for the

preparation of financial statements.

2 hrs Objectivity Assignments, Quiz, Case

analysis

MIDTERM EXAMINATION Common Exam

3 hrs 2 hrs





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(SLO/G)

Content Topic

Outcomes Based



Allotment

Values

Evaluative Measures

Part II

At the end of the session, the student should be able to compare service business from merchandising business and to learn the documents being used in a merchandising business.

6.0 ACCOUNTING FOR A MERCHANDISING BUSINESS 6.1 Comparison of Income Statements Between Service and Merchandising 6.2 Operating Cycle of a Merchandising Business 6.3 Source Documents

6.3.1 Sales Invoice 6.3.2 Bill of Lading 6.3.3 Statement of Account 6.3.4 Official Receipt 6.3.5 Deposit Slips 6.3.6 Check 6.3.7 Purchase Requisitions 6.3.8 Purchase order 6.3.9 Receiving Report 6.3.10 Credit Memorandum


The student should be able to compare

service business from merchandising

business and to learn the documents

being used in a merchandising

business.

3 hrs Objectivity Assignments,

Quiz, Seat work

At the end of the session, the student should be able to differentiate the two inventory system as well as the different terms of trading transactions.

6.4 Inventory System

6.4.4 Periodic Inventory System 6.4.5 Perpetual Inventory System

6.5 Terms of Transactions

6.5.4 Trade Discounts 6.5.5 Cash Discounts

6.5.5.1.1 Purchase Discount 6.5.5.1.2 Sales Discount

6.5.6 Credit Term 6.5.7 Discount Period

Lecture-discussion,


problem solving

The student should be able to

differentiate the two inventory system as well as the different

terms of trading transactions.



Quiz, Seat work

At the end of the session, the student should be able to

6.6 Transportation Cost 6.6.1 Transportation In/Freight In

Lecture-discussion,

Board exercises,

The student should be able to determine the owner of goods

2 hrs Transparency & Accountability

Quiz, Assignments, Board work,





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(SLO/G)

Content Topic

Outcomes Based



Allotment

Values

Evaluative Measures

determine the owner of goods in transit based on term of the sale/purchase and to determine the person who is liable to pay the freight cost and who actually paid it.

6.6.2 Transportation Out/Freight Out 6.6.3 FOB Shipping Point 6.6.4 FOB Destination 6.6.5 Freight Prepaid 6.6.6 Freight Collect 6.6.7 Determination of Ownership of Merchandise

Recitations, problem solving, Group Activity

in transit based on term of the

sale/purchase and to determine the

person who is liable to pay the freight

cost and who actually paid it.

seatwork, Recitation

At the end of the session, the student should be able to properly and accurately analyze and journalize business transactions of a merchandising business. The student should be able to compute correctly the net sales, gross profit, cost of sales and the profit or loss for the given period.

6.7 Accounting Procedures for Purchase/Merchandising Transactions 6.7.1 Net Sales

6.7.1.1 Gross Sales 6.7.1.2 Sales Returns and Allowances 6.7.1.3 Sales Discounts

6.7.2 Cost of Goods Sold 6.7.2.1 Merchandise Inventory, Beginning 6.7.2.2 Purchases 6.7.2.3 Purchase Returns and Allowances 6.7.2.4 Purchase Discounts 6.7.2.5 Freight In 6.7.2.6 Goods Available for Sale 6.7.2.7 Merchandise Inventory, End

6.7.3 Gross Profit 6.7.4 Expenses 6.7.5 Net Income / Net Loss 6.7.6 Other Income 6.7.7 Finance Cost 6.7.8 Need for Physical count

6.7.9 Merchandise Inventory Valuation

Lecture-discussion,



She student should be able to properly and accurately analyze and journalize business transactions of a merchandising business. He/She should be able to compute correctly the net sales, gross profit, cost of sales and the profit or loss for the given period.


Quiz, Assignments, Board work, seatwork, Recitation

At the end of the session, the student should be able to

6.8 Worksheet 6.8.1 10-column worksheet 6.9 Adjusting Entries

Lecture-discussion,

Board exercises,


and accurately 8 hrs Accountability

Quiz, Assignments, Board work,





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(SLO/G)

Content Topic

Outcomes Based



Allotment

Values

Evaluative Measures

properly and accurately prepare the adjusting entries, the 10-column worksheet, and the financial statements of a merchandising business. The student should also be able to prepare the closing entries, the post-closing trial balance and the reversing entries of a merchandising business.

6.10 Financial Statements 6.11 Closing Entries 6.12 Post-Closing Trial Balance

Case Analysis: Purchase Discounts and Accounts Payable (Source: Accounting Chapters1-11, 21

th edition,

page280, Activity 6-2)

Recitations, problem solving, Group Activity

prepare the adjusting entries, the

10-column worksheet, and the financial statements of a merchandising business. He/She

should also be able to prepare the

closing entries, the post-closing trial balance and the

reversing entries of a merchandising

business.

seatwork, Recitation,

Case analysis

At the end of the session, the student should be able to use properly the special journals in recording business transactions especially those of a merchandising business.

7.0 SPECIAL JOURNALS 7.1 Control Accounts and Subsidiary Ledgers

1.2 Special Journals (www.greatplains.com/accounting/productinfo.asp)

7.2.1 Advantages of Using Special Journals 7.2.2 Types of Special Journals

7.2.2.1 Sales Journals 7.2.2.2 Cash Receipts Journal 7.2.2.3 Purchases Journal 7.2.2.4 Cash Disbursements Journal

7.3 General Journal 7.4 Proving the Ledgers 7.5 Flexibility of Special-Purpose Journals

Group Activity: Manual vs Computerized

Lecture-discussion,



The student should be able to use

properly the special journals in recording

business transactions

especially those of a merchandising

business.


Quiz, Assignments, Board work, seatwork, Recitation.

Case analysis





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(SLO/G)

Content Topic

Outcomes Based



Allotment

Values

Evaluative Measures

Accounting System (Source: Accounting Chapter1-11, Edition 21, Activity 5-3, page 227) Ethical Dilemma: Ethics and Professional Conduct in Business (Source: Accounting Chapter1-11, Edition 21, Activity 4-1 page 178)

At the end of the session, the student should be able to learn the basic concepts of the voucher system.

8.0 VOUCHER SYSTEM 8.1 Voucher 8.2 Voucher Register 8.3 Unpaid Voucher Files 8.4 Check Voucher Files 8.5 Paid Voucher Files 8.6 Special Problems in a Voucher System


The student should be able to learn the basic concepts of

the voucher system.

2 hrs Transparency & Accountability

Quiz, Assignments,

Seatwork, Recitation.

At the end of the session, the student should be able to learn the nature, valuation and classification of cash.

9.0 CASH 9.1 Nature, Valuation and Classification 9.2 Internal Control Over Cash 9.3 Petty Cash Fund (Imprest Method) 9.4 Checking Account/Current Account 9.5 Preparing the Bank Reconciliation Statement (Adjusted Balance Method)


The student should be able to learn the nature, valuation and classification of cash.


Quiz, Assignments,

Seatwork, Recitation.

FINAL EXAMINATION Common Exam Part II Total Hours

3 hrs 2 hrs 108

TOTAL:

108 HRS

II. GRADING SYSTEM:





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For Professional Board Examination Subjects: the cut-off score is 70%. The highest possible grade is ninety-nine (99); the lowest passing grade is seventy-five (75); and the lowest failing grade is sixty-five (65). Grade requirement for Accountancy Students: At least 85 First grading Class standing = 70 % ; Exam = 30 % Midterms Class standing = 60 % ; Exam = 40 % ( Tentative Midterm Grade x 2 + First Grading ) / 3 = Midterm Grade Finals Class standing = 50 % ; Exam = 50 % ( Tentative Final Grade x 2 + Midterm Grade ) / 3 = Final grade TEXTBOOK:

Ballada, Win Lu and Ballada, Susan (2014). Basic Accounting. Manila: Dom Dane Publishers and Made Easy Bookstore. REFERENCES: A dictionary of accounting Oxford: Oxford University Press, c2010.

Cabrera, Ma. Elenita Balatbat. (2009). Fundamentals of accounting. Manila: GI.

Doupnik, Thimothy. (2012). International accounting. 3rd ed. New York: Mc Graw Hill. Edmonds, Olds,et.al. (2010) Fundamental Financial and Managerial Accounting Concepts 2007 Edition. McGraw Hill Companies, Inc.

Edmonds, MacNair M., et.al. (2011) Fundamental Financial Accounting Concepts 4th Edition, New York.

Jagels, Martin G., et.al. (2010) Hospitality Management Accounting, 9

th Edition. John Wiley & Sons, Inc.

Guenther, David (2010) Financial Reporting and Analysis. Boston: McGraw Hill Companies, Inc. Lopez, Rafael M. Jr. (2012) Fundamentals of Accounting 2012 Millennium Edition. MS Lopez Printing & Publishing. Mowen, Maryanne M. (2011). Introduction to accounting. Auatralia: Cengage. Reeve, James M. (2012). Principles of accounting 24th ed. Australia: Cengage.

Valencia, Edwin (2013) Basic Accounting, Baguio City: Valencia Educational Supply. Valix, Conrado T. (c2013). Financial accounting. 2010 rev. ed. Manila: GIC.





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Valix, Conrado T. (c2013). Theory of accounts. 2010 rev. ed. Manila: GIC.

Warren, Reeve et.al. (2011) Accounting 21st Edition. Thomson Asian Publishing.

Weygandt, Kieso, et.al., (2011) Hospitality Financial of Accounting, John Wiley & Sons, Inc.

www.careers-in-accounting.com www.accounting.rutgers.edu.raw com.profile/income/sales www.greatplains.com/accounting/productinfo.asp

http://www.iasplus.com/ http://www.investopedia.com/

http://www.picpa.com.ph/

http://accounting.swlearning.com

http://stice.swlearning.com

http://www.numa.com/

www.aicpa.com

www.cmsu.edu

www.fasb.org

www.hpcnet.org

www.swlearning.com

http://www.greatplains.com/accounting/productinfo.asp

http://www.iasplus.com/

http://www.investopedia.com/

http://www.picpa.com.ph/

http://www.numa.com/

http://www.cmsu.edu/

http://www.fasb.org/

http://www.hpcnet.org/

http://www.swlearning.com/





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Prepared by: ACC/TAX/BL GROUP

Noted by:

MS. JANETH OLAT Assigned Librarian MR. RHAD VIC F. ESTOQUE, MBA, CPA Program Chair, Accountancy

Approved by:

DR. KAREEN B. LEON, CPA Dean UB SBAA