__________________________________________________________________________________ BACHELOR OF SCIENCE IN ACCOUNTANCY Course Outcome Based Syllabus in FUNDAMENTALS OF ACCOUNTING 2 I. COURSE CODE : ACCTNG 102 II. COURSE TITLE : FUNDAMENTALS OF ACCOUNTING 2 – MERCHANDISE ACCOUNTING III. COURSE DESCRIPTION This course aims to develop in the students the knowledge and skills of recording, classifying, summarizing, and interpreting the daily business transaction of a Merchandising, as well as completing the cycle of Merchandising Business. It includes core competencies such as: Definition of Terms and Account Title, Chart of Accounts, Journalize Transaction, Post Transactions, Preparation of Trial Balance, Financial Reports, Closing Entries and Post Closing Trial Balance. Further, it discusses the special journal, payroll system and other related fields of the business. IV. V. VI. Credit Prerequisite Course Learning Outcomes : : 3 Units ACCTNG 101 Upon completion of the course, the students will be able to A. Cognitive By the end of this course, students will be able to explain the fundamental principles of merchandise accounting and demonstrate an understanding of the accounting procedures involved in recording and reporting merchandising transactions. They will be able to apply critical thinking and problem-solving skills to analyze financial information, calculate inventory costs, and prepare financial statements. B. Psychomotor Upon completion of this course, students will be able to apply the accounting principles and procedures related to merchandise accounting to real-world scenarios. They will be able to demonstrate proficiency in recording transactions, preparing financial statements, and using accounting software. Students will also be able to apply the principles of inventory valuation, including FIFO, LIFO, and weighted average cost, to accurately calculate inventory costs. C. Affective The course will enable students to develop an appreciation for the importance of accurate financial reporting and ethical behavior in business. They will be able to demonstrate an understanding of the ethical considerations in accounting, such as conflicts of interest and the importance of confidentiality. Students will also develop an appreciation for the role of accounting in providing financial information to support decision-making in business. They will be able to work collaboratively and communicate effectively, demonstrating an understanding of the importance of teamwork and professionalism in the accounting field. _________________________________________________________________________________________________________________ AISAT COLLEGE – Dasmariñas Campus, Emilio Aguinaldo Highway, Dasmariñas City, Cavite 4114 (046) 432-0448 09458223572 09510668306 aisatcollege_dasma@yahoo.com www.facebook.com/aisatcollegedasmaph __________________________________________________________________________________ VII. VIII. Suggested Readings and References Ballada, Winlu Fundamentals of Accounting Passion, D.S. Introductory Accounting Part 1 Harina, Ricardo Accounting for Service and Merchandising Business Requirements: 1. Attendance 2. Recitation 3. Seat Works 4. 5. 6. Quizzes Project Recitation _________________________________________________________________________________________________________________ AISAT COLLEGE – Dasmariñas Campus, Emilio Aguinaldo Highway, Dasmariñas City, Cavite 4114 (046) 432-0448 09458223572 09510668306 aisatcollege_dasma@yahoo.com www.facebook.com/aisatcollegedasmaph _______________________________________________________________________________________________________________________________ DETAILED COURSE OUTLINE – PRELIM PERIOD Week 1 Course Learning Outcomes Course Topic a. Introduction to Merchandising Methodology Directed Discussion Case-based learning Laboratory Activity (Refer to Activity Week1_LabActivity) Directed Discussion Classroom Discussion Case-based learning Laboratory Activity (Refer to Activity Week2_LabActivity) b. Nature of Merchandising Business Purchasing Handling Returning of Goods purchased Selling Returning of goods sold Maintaining adequate stocks on hand 2 Operating Cycle of a Merchandising Business Merchandise Accounts and Definition of Terms Sales account Sales Returns account Sales Allowances account Purchases Teaching Learning Activities and Resources Classroom Discussion _____________________________________________________________________________________________________________________ AISAT COLLEGE – Dasmariñas Campus, Emilio Aguinaldo Highway, Dasmariñas City, Cavite 4114 (046) 432-0448 09458223572 09510668306 aisatcollege_dasma@yahoo.com www.facebook.com/aisatcollegedasmaph Assessment of Learning Outcomes Quiz Assignments Laboratory Activities Quiz Assignments Laboratory Activities _______________________________________________________________________________________________________________________________ 3 4 Account Purchase Returns accounts Purchase Allowances account Freight and Cartage In account Merchandise Inventory account Accounting for Sales Directed Discussion Journal Entries Case-based learning Accounting for Sales Discounts Accounting for Sales Returns and Allowances Journal Entries Merchandise Inventory Directed Discussion Account Beginning Case-based learning Inventory Ending Inventory Journal Entries Classroom Discussion Laboratory Activity (Refer to Activity Week3_LabActivity) Classroom Discussion Laboratory Activity (Refer to Activity Week4_LabActivity) Accounting for Purchases Journal Entries Accounting for Discounts on Purchases _____________________________________________________________________________________________________________________ AISAT COLLEGE – Dasmariñas Campus, Emilio Aguinaldo Highway, Dasmariñas City, Cavite 4114 (046) 432-0448 09458223572 09510668306 aisatcollege_dasma@yahoo.com www.facebook.com/aisatcollegedasmaph Quiz Assignments Laboratory Activities Quiz Assignments Laboratory Activities _______________________________________________________________________________________________________________________________ Journal Entries Accounting for Freight In Journal Entries 5 Chart of Accounts for Directed Discussion Merchandising Business Case-based learning Comparison of Income State of Service Concern and Merchandising Business Classroom Discussion Laboratory Activity (Refer to Activity Week5_LabActivity) Quiz Assignments Laboratory Activities Income Statement for Merchandising Computation of Sales Computation of Cost of Sales Gross Profit Operating Expenses Multi-Step Income Statement 6 PRELIMINARY EXAMINATION DETAILED COURSE OUTLINE – MIDTERM PERIOD Week Course Learning Outcomes Course Topic Methodology Teaching Learning Activities and Resources _____________________________________________________________________________________________________________________ AISAT COLLEGE – Dasmariñas Campus, Emilio Aguinaldo Highway, Dasmariñas City, Cavite 4114 (046) 432-0448 09458223572 09510668306 aisatcollege_dasma@yahoo.com www.facebook.com/aisatcollegedasmaph Assessment of Learning Outcomes _______________________________________________________________________________________________________________________________ 7 Value-Added Tax Entries Directed Discussion Classroom Discussion Adjusting Journal Entries Case-based learning Laboratory Activity (Refer to Activity Week6_LabActivity) Directed Discussion Classroom Discussion Case-based learning Laboratory Activity (Refer to Activity Week7_LabActivity) Worksheet Preparation 8 Preparing the Trial Balance, Income Statement, Balance Sheet and Statement of Changes in Owner’s Equity Adjusting Entries and Closing Entries Post-Closing Trial Balance 9 10 Special Journals Directed Discussion Importance of Special Journals Case-based learning Kinds of Special Journal a. Sales b. Purchase c. Cash Receipts d. Cash Payment Making Deposits Directed Discussion Classroom Discussion Negotiable Instrument Laboratory Activity (Refer to Activity Week9_LabActivity) Definition and Requisites Case-based learning Laboratory Activity (Refer to Activity Week8_LabActivity) Classroom Discussion _____________________________________________________________________________________________________________________ AISAT COLLEGE – Dasmariñas Campus, Emilio Aguinaldo Highway, Dasmariñas City, Cavite 4114 (046) 432-0448 09458223572 09510668306 aisatcollege_dasma@yahoo.com www.facebook.com/aisatcollegedasmaph Quiz Assignments Laboratory Activities Quiz Assignments Laboratory Activities Quiz Assignments Laboratory Activities Quiz Assignments Laboratory Activities _______________________________________________________________________________________________________________________________ 11 Kinds of Negotiable Instruments Directed Discussion Classroom Discussion Case-based learning Laboratory Activity (Refer to Activity Week10_LabActivity) Writing Checks Petty Cash Fund 12 MIDTERM EXAMINATION DETAILED COURSE OUTLINE – FINAL PERIOD Week 13 Course Learning Outcomes Course Topic Basic of Financial Statement Analysis Methodology Directed Discussion Case-based learning Laboratory Activity (Refer to Activity Week11_LabActivity) Directed Discussion Classroom Discussion Case-based learning Laboratory Activity (Refer to Activity Week12_LabActivity) Directed Discussion Classroom Discussion Case-based learning Laboratory Activity (Refer to Activity Week13_LabActivity) Comparative Analysis 14 Tools of Financial Statement Analysis Horizontal Analysis and Vertical Analysis Ratio Analysis 15 Profitability Ratio Solvency Ratio Payroll Accounting Definition of Terms Teaching Learning Activities and Resources Classroom Discussion _____________________________________________________________________________________________________________________ AISAT COLLEGE – Dasmariñas Campus, Emilio Aguinaldo Highway, Dasmariñas City, Cavite 4114 (046) 432-0448 09458223572 09510668306 aisatcollege_dasma@yahoo.com www.facebook.com/aisatcollegedasmaph Assessment of Learning Outcomes Quiz Assignments Laboratory Activities Quiz Assignments Laboratory Activities Quiz Assignments Laboratory Activities _______________________________________________________________________________________________________________________________ 16 Directed Discussion Classroom Discussion Case-based learning Laboratory Activity (Refer to Activity Week14_LabActivity) Holiday Pay Withholding Tax Directed Discussion Classroom Discussion Deductions Case-based learning Laboratory Activity (Refer to Activity Week15_LabActivity) Employee versus Contractor Basic Pay Quiz Assignments Laboratory Activities Overtime 17 Net Pay 18 FINAL EXAMINATION _____________________________________________________________________________________________________________________ AISAT COLLEGE – Dasmariñas Campus, Emilio Aguinaldo Highway, Dasmariñas City, Cavite 4114 (046) 432-0448 09458223572 09510668306 aisatcollege_dasma@yahoo.com www.facebook.com/aisatcollegedasmaph Quiz Assignments Laboratory Activities _____________________________________________________________________________________ Prepared by: Approved by: MARY JOY F. LABAJO Faculty Member IX. Department Head Noted by: School Director EXPECTATIONS FROM STUDENT: The student’s responsibility is to come to each class prepared. S/he is also expected to take all examinations on the date scheduled. S/he should read the assigned problems prior to class. She is expected to attend each class and participate actively in the discussions. X. ACADEMIC DISHONESTY All students are expected to be academically honest. Cheating, lying and other forms of unethical behavior will not be tolerated. Any student found guilty of cheating in examinations or plagiarism in submitted course. Plagiarism refers to the use of books, notes or other intellectual property without giving proper attribution to its author or representing the work of another person as one’s own, Cheating refers to securing help in a test; copying test, assignments, reports or term papers; collaborating with other students during an examination or in preparing academic work; signing another student’s name on an attendance sheet; or otherwise practicing scholastic dishonesty. XI. POLICY on ABSENCES The allowed number of absences for students enrolled in a class follow the criteria below. Request for excused absences or waiver of absences must be presented upon reporting back to class, special examination will be allowed only in special cases, such as prolonged illness. It is the responsibility of the student to monitor her/his own tardy incidents and absences that might accumulate leading to a grade of “FA”. It is also her responsibility to consult with the teacher, chair or dean should her/his case be of special nature. For a 9-unit course meeting thrice a week allowable absence: 18 For a 6-unit course meeting thrice a week allowable absence: 14 For a 3-unit course meeting twice a week allowable absences: 7 For a 3-unit course meeting once a week allowable absences: 4 For a 2-unit course meeting once a week allowable absences: 3 For a 1-unit course meeting once a week allowable absences: 3 _____________________________________________________________________________________________________________________ AISAT COLLEGE – Dasmariñas Campus, Emilio Aguinaldo Highway, Dasmariñas City, Cavite 4114 (046) 432-0448 09458223572 09510668306 aisatcollege_dasma@yahoo.com www.facebook.com/aisatcollegedasmaph _____________________________________________________________________________________ GRADING SYSTEM: PRELIM CLASS STANDING: Attendance FINALS 70% 20% Recitation 20% Quizzes 40% Project 20% MAJOR EXAMINATION: TOTAL: MIDTERM W1 W2 W3 W4 W5 R1 R2 R3 Q1 Q2 Q3 30% 100% SEMESTRAL GRADE: NUMERIC GRADE: I have read the courses syllabus and I understand that I have to comply with the requirements of the course and the expectations from me as a student of Statistical Analysis with Software Application during the 1st Semester of SY 2021-2022. I am fully aware of the consequence of non-compliance with the abovementioned requirements and expectations. ________________________________ Printed name and signature of student __________________ Date _____________________________________________________________________________________________________________________ AISAT COLLEGE – Dasmariñas Campus, Emilio Aguinaldo Highway, Dasmariñas City, Cavite 4114 (046) 432-0448 09458223572 09510668306 aisatcollege_dasma@yahoo.com www.facebook.com/aisatcollegedasmaph
