Colegio de San Gabriel Arcangel, Inc. Founded 1993 Area E, Sapang Palay, City of San Jose del Monte, Bulacan, Philippines Recognized by the Government: DepEd, TESDA and CHED; PACUCOA Level II Accredited Call and/or Text: 0915 532 2643/ Telefax No: (044) 760 0301 / (044)760 0397 READING REPORT in _______AE15 - Intermediate Accounting 1 __________ Date: ___________________________ (Course Code & Description) The title of the book/ article I have read is: Intermediate Accounting: Principles and Analysis AUTHOR’S LOGIC: The author is conveying the message/idea of: Example: “Green” branding of businesses has gone too far and no longer carries the same sort of impact it once did. Today, so many people are concerned with the environment that many businesses try to represent themselves as being “green.” They want to have a reputation for being environmentally conscious. The book follows a traditional approach to introducing financial accounting to students. It consists of the accounting equation, the rules of debit and credit, adjusting and closing entries, and the worksheet approach to preparing financial statements. The chapter regarding inventory is thorough, but the chapter regarding accounting information systems is outdated. The authors should introduce the concept of Excel spreadsheets to students at this early stage so that they can understand their importance in accounting and be prepared to learn in future classes. The managerial accounting chapters focus on manufacturing companies. At the end of each chapter, the authors apply the concepts to students’ daily lives through the use of a clear example. Advanced topics such as activity-based costing are discussed in appendices to provide extra study for the exceptional student at this stage of accounting. Due to extra visual aids and illustrations, the emphasis on journal entries is not as obvious in this edition compared to previous ones. Students still learn all of the appropriate journal entries, but in a less intimidating manner STUDENT’S LOGIC: Provides learners with an opportunity to reflect and think about how they actually solve problems and how a particular set of problem solving strategies is appropriate for achieving their goal. What is to be accomplished/learned? Example: In support of the Supermarket “Green” initiatives, I bring my own shopping bags for grocery shopping and say no to plastic bags. ______this book is very useful to students who have never studied accounting and is a good introduction to students continuing to Intermediate Accounting classes. It does not, however, provide a strong managerial accounting perspective. It is appropriate for instructors who have never taught an introductory course before and for those who prefer a traditional financial accounting and double-entry approach to accounting. There are several books on the market with similar perspectives. This book is distinguished by its additional emphasis on ethics, critical thinking, and technology. This highly readable book would be useful to students in community VISION: GOD – VIR ENIM DEI.“A leading transformational leadership institution a unique Gabrielian colleges,MAN and OF some four-year universities where the instructor wants to emphasize thewith technical Culture of Discipline, Socially Responsible, Interdependent, Functionally Productive, Godly Individuals and aspects of accounting. reaching the marginalized to thrive in the global community. _________________ In aligning to the Vision and Mission of the College, I can apply what I have learned from my readings by: Example: Being more aware about eco-friendly practices you can adopt at home so that we can make a positive difference as socially responsible graduates. Students will also learn how periodic and perpetual inventory systems work, how to record/report/ control various assets and liabilities, how to do bank reconciliations, and how to analyze financial statements. It also distinguishes the features of manual versus computerized accounting systems, and provides a checklist for an accounting software purchase.___________________________________________________________________________________ ______ Prepared by: ________Roselyn B. Berja____________ Student _________Rodel Cahilig_________ Professor/Instructor Colegio de San Gabriel Arcangel, Inc. Founded 1993 Area E, Sapang Palay, City of San Jose del Monte, Bulacan, Philippines Recognized by the Government: DepEd, TESDA and CHED; PACUCOA Level II Accredited Call and/or Text: 0915 532 2643/ Telefax No: (044) 760 0301 / (044)760 0397 LEARNING DIARY in ________ AE15 - Intermediate Accounting 1 ____________ Date: ___________________________ (Course Code & Description) I learned in our prayer that We should always be grateful every day for all the blessing that God given to us, always choose to see the brighter side of our life. Always seek and put God first in every action and plan that we’re about to take.________________________________________________ _________________________________________________________________________________________ My action today is to _____________________________________________________________________ do all activities and assignments that our Prof. assigned to me to asses myself if I learned something in the discussion of our Prof. In our lessons for today, I have learned about: Keep on going, it is normal to have breakdowns, problem but we should keep in our mind breakdowns will not pay your school fees, problems will not pay your bills, so keep going I also learned that we should not lose hope. Keep pursuing our dreams whatever problems that will came to our life I also learned some tips on how we can be more focus to our online class. I also learned how important the time management I learned that we should be productive whatever situation we in right now. I will memorize the above learning points, explain them in my own words, and apply them in our activities. MAN OF GOD – VIR ENIM DEI.“A leading transformational leadership institution with a unique Gabrielian Culture of Discipline, Socially Responsible, Interdependent, Functionally Productive, Godly Individuals and reaching the marginalized to thrive in the global community. I can connect my learning today with the vision and mission of our school by: I can connect my learning today with the vision and mission that as a students or a college student to be exact we should be responsible and courageous enough to face the fact that we are no longer a child, we have responsibility and as we grow older our responsibility will grow too, we became more busy, we should know how balance our time, how to treasure it. We also know how to fight despite of the breakdown that you have facing, because those breakdowns will not pay for your tuition and expenses. Be productive. ______________________________________________________________________ Prepared by: _________Roselyn B. Berja___________ Student ________Rodel Cahilig____________ Professor/ Instructor