SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
General Luna Road, Baguio City
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.
Course Number:
BACTNG1; 6 units
Course Description:
INTRODUCTORY ACCOUNTING
Page 1 of 17
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
General Luna Road, Baguio City
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.
Course Number:
BACTNG1; 6 units
Course Description:
INTRODUCTORY ACCOUNTING
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
Page 2 of 17
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
OBJECTIVES
P3
P4
P5
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Program Learning Outcomes
P1
O1.
O2.
O3.
O4.
O5.
O6.
O7.
O8.
Students graduate to become professionals imbued with high moral/ ethical standards.
Graduates are highly competitive with their acquired knowledge, skills and values in the practice of their profession.
Graduates are confident of their academic and industry preparations and the entry competencies learned to tackle the rigors of the business world.
Students can carry out researches that can be utilized in the community and in the business profession.
Students recognize their responsibility and accountability as professionals and as workers in the community.
Students become aware of and strive for their physical, mental and spiritual well-being.
Students are prepared to meet the needs and demands of global employment without losing the Filipino spirit.
Students become aware of their responsibility to the environment and participate actively in environmental programs.
Course Number:
BACTNG1; 6 units
Course Description:
INTRODUCTORY ACCOUNTING
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
P2
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P6
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Page 3 of 17
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2. Course Objectives vis-a-vis Program Learning Outcomes
Course Objectives
PROGRAM OUTCOMES
O3
O4
O5
O6
O1
O2
COGNITIVE DOMAIN
C1. Discuss the key concepts of the course.
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C2. Explain the importance of accounting in different business organizations.
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C3. Enumerate and explain the different steps in the accounting cycle.
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C4. Relate the preparation and importance of financial statements in the analysis of business operations
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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.
O7
O8
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PSYCHOMOTOR DOMAIN
C9. Prepare accounting documents and reports in good form.
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C10. Solve for unknowns in accounting problems/exercises.
C11. Apply the accounting cycle in solving accounting problems.
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C.12 Perform simple evaluation of service and merchandising businesses as to effectiveness of their operations.
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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.
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.
Pre-requisite/s
ENGLIS2, MATHEM1, PHILOS1
Course Number:
BACTNG1; 6 units
Course Description:
INTRODUCTORY ACCOUNTING
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
Page 4 of 17
I.
DETAILED COURSE OUTLINE:
Session Learning
Objectives/Goals
(SLO/G)
To orient the student.
Content Topic
Course Syllabus
VMO
Seat Plan
Leveling of Expectations
1. INTRODUCTION
1.1
1.2
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.
Course Number:
BACTNG1; 6 units
Development of Accounting
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
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
Course Description:
INTRODUCTORY ACCOUNTING
Outcomes Based
Methodologies/
Strategies &
Approaches
Learning Outcomes
Lecture/Discussio
n
Be oriented of the
VMO,
Requirements and
Grading system
Lecturediscussion,
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.
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
Time
Allotme
nt
1 hr
4 hrs
Values
Evaluative
Measures
Accountability
Recitation
Professional
competence
Assignments,
Research,
Case Analysis,
Quiz,
Seatworks
Page 5 of 17
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
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
Course Number:
BACTNG1; 6 units
Course Description:
INTRODUCTORY ACCOUNTING
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
Page 6 of 17
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
1.8
1.9
Course Number:
BACTNG1; 6 units
Bookkeeping and Accounting
Fundamental Concepts
1.8.1 Entity Concept
1.8.2 Periodicity Concept
1.8.3 Stable Monetary Unit Concept
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
Course Description:
INTRODUCTORY ACCOUNTING
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
Page 7 of 17
2. THE ACCOUNTING EQUATION AND
THE DOUBLE ENTRY SYSTEM
Accounting Information System
2.1
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.
Elements of Financial Statements
2.1.1 Real Accounts
2.1.2 Nominal Accounts
The Account
2.2.1 Account – Definition
2.2.2 Typical Account titles Used
The Accounting Equation
The Double Entry System-Debits and
Credits
The Rules of Debit and Credit
Accounting Events and Transactions
Effects of Transactions
Typical Account Titles Used
Analyzing Business Transactions
2.9.1 Use of Financial Transaction
Worksheet
2.9.2 Use of T-Account
2.2
2.3
2.4
2.5
2.6
2.7
2.8
2.9
Lecturediscussion,
Board exercises,
Recitations,
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
2 hrs
Accountability
Quiz,
Assignments
3. ACCOUNTING FOR A SERVICE BUSINESS
3.1
At the end of the
session, the student
should be able to learn
the different steps in
the accounting cycle.
Course Number:
BACTNG1; 6 units
Introduction of the Accounting Cycle
3.1.1 Identifying transactions to be
recorded
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
Course Description:
INTRODUCTORY ACCOUNTING
Lecturediscussion,
Recitations
Effectivity: 1st Semester, SY 2013-2014
The student should
be able to learn the
different steps in the
accounting cycle.
Date Revised: May 29, 2013
Page 8 of 17
3.2
Transaction Analysis
3.2.1
3.2.2
At the end of the
session, the student
should be able to
properly and
accurately analyze and
journalize business
transactions of a
service business.
3.2.3
3.2.4
3.3
3.4
Course Number:
BACTNG1; 6 units
Lecturediscussion,
Board exercises,
Recitations,
Group Activity
The student should
be able to properly
and accurately
analyze and
journalize business
transactions of a
service business.
Lecturediscussion,
Board exercises,
Recitations,
Group Activity
The student should
be able to properly
and accurately post
in the ledger/TAccounts the journal
entries of business
transactions of a
service business.
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
3.3.4.2 Compound Entry
6 hrs
Accountability
Board work,
Assignments,
Quiz, Seat
work
Accountability
Board work,
Assignments,
Quiz, Seat
work
Posting
3.4.1
3.4.2
3.4.3
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.
Identifying the transactions from the
source documents
Indicate the accounts—either
assets, liabilities, equity, income or
expense affected by the transaction
Ascertain whether the account is
increased or decreased by the
transaction
Using the rules of debit and credit
3.4.4
3.4.5
3.4.6
3.4.7
3.4.8
Posting-definition
The Ledger-definition
Types of Ledger
3.4.3.1 General Ledger
3.4.3.2 Subsidiary Ledger
Type of Accounts in the General
Ledger
3.4.4.1 Permanent Accounts
3.4.4.2 Temporary Accounts
Procedures in posting journal
entries to ledger
Chart of Accounts
Normal Balance of an Account
Ledger Accounts After Posting
3.4.8.1 Footing
3.4.8.2 Account Balance
Course Description:
INTRODUCTORY ACCOUNTING
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
3 hrs
Page 9 of 17
3.5
At the end of the
session, the student
should be able to
properly and
accurately prepare the
trial balance of a
service business.
Trial Balance
3.5.1 Definition
3.5.2 Procedures in Preparing the Trial
Balance
3.5.2 Locating Errors
Case Analysis: 1) High Standards for Journalizing
(Source: Fundamentals
of Accounting Course1, 7th edition, page 65) The
Curious Accountant
Lecturediscussion,
Board exercises,
Recitations,
Group Activity
The student should
be able to properly
and accurately
prepare the trial
balance of a service
business.
Lecturediscussion,
Board exercises,
Recitations,
Group Activity
The student should
be able to properly
and accurately
prepare the 6column worksheet
and unadjusted
financial statements
of a service
business.
3 hrs
Accountability
Board work,
Assignments,
Quiz, Seat
work
Accountability
Board work,
Assignments,
Quiz, Seat
work
Accountability
Board work,
Assignments,
Quiz, Seat
work
(Source: Fundamental Financial Accounting
Concepts, 4th edition, page 149)
At the end of the
session, the student
should be able to
properly and
accurately prepare the
6-column worksheet
and unadjusted
financial statements of
a service business.
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
3.7.3 Statement of Financial Position
FIRST GRADING EXAMINATION
Common Exam
Part II
At the end of the
session, the student
should be able to
properly and
accurately prepare the
necessary adjusting
entries.
Course Number:
BACTNG1; 6 units
3 hrs
2 hrs
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
Course Description:
INTRODUCTORY ACCOUNTING
6 hrs
Lecturediscussion,
Board exercises,
Recitations,
problem solving,
Group Activity
Effectivity: 1st Semester, SY 2013-2014
The student should
be able to properly
and accurately
prepare the
necessary adjusting
entries.
Date Revised: May 29, 2013
12 hrs
Page 10 of 17
Expense
3.10.5.2.2 Accrued
Income
3.10.5.2.3 Provision for
Bad Debts
3.10.6 Effects of Omitting Adjustments
At the end of the
session, the student
should be able to
properly and
accurately prepare the
10-clomn worksheet.
At the end of the
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.
At the end of the
session, the student
should be able to
properly apply GAAP
in the preparation of
financial statements.
At the end of the
session, the student
should be able to
properly follow and
apply the framework
for the preparation of
financial statements.
Course Number:
BACTNG1; 6 units
3.11 Worksheet with Adjusting Entries
3.11.1 10-column worksheet
3.12 Preparation of Financial Statements
3.13 Closing Entries
3.14 Post-Closing Trial Balance
3.15 Reversing Entries
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
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
Course Description:
INTRODUCTORY ACCOUNTING
Lecturediscussion,
Board exercises,
Recitations,
problem solving
The student should
be able to properly
and accurately
prepare the 10clomn worksheet.
Lecturediscussion,
Board exercises,
Recitations,
problem solving
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.
Lecturediscussion,
Recitations
Lecturediscussion,
Recitations,
Group activity
Effectivity: 1st Semester, SY 2013-2014
Accountability
Board work,
Assignments,
Quiz, Seat
work
9 hrs
Accountability
Board work,
Assignments,
Quiz, Seat
work
The student should
be able to properly
apply GAAP in the
preparation of
financial statements.
1 hr
Objectivity
Assignments,
Quiz
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
Date Revised: May 29, 2013
6 hrs
Page 11 of 17
1.2.3
Relating to Presentation
5.3 Constraints on Relevant and Reliable
Information
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.
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.
Course Number:
BACTNG1; 6 units
Case Analysis: The Job Interview
(Source: Fundamentals of Accounting Course1,
7th Edition, page 5)
Ethical Dilemma: Ethics and Professional Conduct in
Business
(Source: Accounting Chapters 1-11, Activity 1-1,
page 43)
MIDTERM EXAMINATION
Common Exam
Part II
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
6.4
Inventory System
6.5
6.4.4 Periodic Inventory System
6.4.5 Perpetual Inventory System
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
Course Description:
INTRODUCTORY ACCOUNTING
3 hrs
2 hrs
Lecturediscussion,
Recitations
The student should
be able to compare
service business
from merchandising
business and to
learn the documents
being used in a
merchandising
business.
Lecturediscussion,
Board exercises,
Recitations,
problem solving
The student should
be able to
differentiate the two
inventory system as
well as the different
terms of trading
transactions.
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
3 hrs
3 hrs
Objectivity
Assignments,
Quiz, Seat
work
Accountability
Board work,
Assignments,
Quiz, Seat
work
Page 12 of 17
6.5.6
6.5.7
At the end of the
session, the student
should be able to
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.
Credit Term
Discount Period
Lecturediscussion,
Board exercises,
Recitations,
problem solving,
Group Activity
The student should
be able to 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.
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
Lecturediscussion,
Board exercises,
Recitations,
problem solving,
Group Activity
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.
At the end of the
session, the student
should be able to
properly and
6.8 Worksheet
6.8.1 10-column worksheet
6.9 Adjusting Entries
6.10 Financial Statements
Lecturediscussion,
Board exercises,
Recitations,
The student should
be able to properly
and accurately
prepare the
Course Number:
BACTNG1; 6 units
6.6 Transportation Cost
6.6.1 Transportation In/Freight In
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
Course Description:
INTRODUCTORY ACCOUNTING
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
2 hrs
9 hrs
8 hrs
Transparency &
Accountability
Quiz,
Assignments,
Board work,
seatwork,
Recitation
Accountability
Quiz,
Assignments,
Board work,
seatwork,
Recitation
Accountability
Quiz,
Assignments,
Board work,
seatwork,
Page 13 of 17
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 postclosing trial balance
and the reversing
entries of a
merchandising
business.
6.11 Closing Entries
6.12 Post-Closing Trial Balance
Case Analysis:
Purchase Discounts and
Accounts Payable
problem solving,
Group Activity
(Source: Accounting Chapters1-11, 21th edition,
page280, Activity 6-2)
Ethical Dilemma:
Among Friends
1) What is a Little Deceit
(Source: Fundamental Financial Accounting
Concepts, 4th edition, page 144)
2) Wait Until I Get Mine
(Source: Fundamental Financial Accounting
Concepts, 4th edition, page 260)
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.
Recitation,
Case analysis
7.0 SPECIAL JOURNALS
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.
7.1 Control Accounts and Subsidiary
Ledgers
1.2
Special Journals
(www.greatplains.com/accounting/produ
ctinfo.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
Lecturediscussion,
Board exercises,
Recitations,
problem solving,
Group Activity
7.3 General Journal
The student should
be able to use
properly the special
journals in recording
business
transactions
especially those of a
merchandising
business.
3 hrs
Accountability
7.4 Proving the Ledgers
7.5 Flexibility of Special-Purpose Journals
Group Activity:
Manual vs Computerized
Accounting System
Course Number:
BACTNG1; 6 units
Course Description:
INTRODUCTORY ACCOUNTING
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
Page 14 of 17
Quiz,
Assignments,
Board work,
seatwork,
Recitation.
Case analysis
(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)
8.0 VOUCHER SYSTEM
8.1 Voucher
At the end of the
session, the student
should be able to learn
the basic concepts of
the voucher system.
8.2 Voucher Register
8.3 Unpaid Voucher Files
8.4 Check Voucher Files
Lecturediscussion,
Recitations
The student should
be able to learn the
basic concepts of
the voucher system.
Lecturediscussion,
Recitations
The student should
be able to learn the
nature, valuation
and classification of
cash.
2 hrs
Transparency &
Accountability
Quiz,
Assignments,
Seatwork,
Recitation.
Accountability
Quiz,
Assignments,
Seatwork,
Recitation.
8.5 Paid Voucher Files
8.6 Special Problems in a Voucher System
9.0 CASH
9.1 Nature, Valuation and Classification
9.2 Internal Control Over Cash
At the end of the
session, the student
should be able to learn
the nature, valuation
and classification of
cash.
9.3 Petty Cash Fund (Imprest Method)
9.4 Checking Account/Current Account
9.5 Preparing the Bank Reconciliation
Statement (Adjusted Balance Method)
FINAL EXAMINATION
Common Exam
Part II
Total Hours
2 hrs
3 hrs
2 hrs
108
TOTAL:
108
HRS
Course Number:
BACTNG1; 6 units
Course Description:
INTRODUCTORY ACCOUNTING
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
Page 15 of 17
II.
GRADING SYSTEM:
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 (2013). 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, 9th 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.
Valix, Conrado T. (c2013). Theory of accounts. 2010 rev. ed. Manila: GIC.
Course Number:
BACTNG1; 6 units
Course Description:
INTRODUCTORY ACCOUNTING
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
Page 16 of 17
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
Prepared by:

ACC/TAX/BL GROUP
Noted by:
MS. ALLYN C. GARIBAY
Assigned Librarian
MR. RHAD VIC F. ESTOQUE, MBA, CPA
Program Chair, Accountancy
MS. RUBY R. BUCCAT
Program Chair, Business Administration
Approved by:
DR. KAREEN B. LEON, CPA
Dean UB SBAA
Course Number:
BACTNG1; 6 units
Course Description:
INTRODUCTORY ACCOUNTING
Effectivity: 1st Semester, SY 2013-2014
Date Revised: May 29, 2013
Page 17 of 17