SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
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 the global community.
INSTITUTIONAL OBJECTIVES
The University of Baguio aims to produce a graduate who:
1. exemplifies a higher standard of learning;
2. manifest the mastery of relevant skills;
3. upholds a conduct that is rightful and just;
4. undertakes scientific and significant researchers;
5. advocates sustainable programs for the community and the environment; and
6. leads and demonstrates exemplary performance in the field of specialization.
Course Title:
HBCTNG2 (3 units)
Course Description:
BASIC ACCOUNTING (SERVICING)
Effectivity: 1st Semester , SY 2013-2014
Date Revised :
JUNE 30, 2014
Page 1 of 10
SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
SCHOOL MISSION
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:
1. applies accounting knowledge to meet the demands of the business community;
2. demonstrates high proficiency in the practice of the profession;
3. conforms with the highest degree of ethical standards;
4. employs researches to elevate professional knowledge and skills in sound business decisions;
5. satisfies the demands of a dynamic industry for a better community; and
6. typifies excellences in the practice of the accounting profession.
Course Title:
HBCTNG2 (3 units)
Course Description:
BASIC ACCOUNTING (SERVICING)
Effectivity: 1st Semester , SY 2013-2014
Date Revised :
JUNE 30, 2014
Page 2 of 10
SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
CORE VALUES
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Professional Ethics
Integrity
Objectivity and Independence
Professional Competence and Due Care
Confidentiality
Professional Behavior
Fairness
Transparency
Accountability
Hard Work
Honesty
Patience
Diligence
Innovativeness
Risk-taking
1. Program Outcomes and Relationship to College/ Program Objectives
PROGRAM OBJECTIVES
Program Learning Outcomes
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.
2. Course Objectives vis a vis Program Learning Outcomes
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PROGRAM OUTCOMES
Course Objectives
Course Title:
HBCTNG2 (3 units)
Course Description:
BASIC ACCOUNTING (SERVICING)
O1
Effectivity: 1st Semester , SY 2013-2014
Date Revised :
O2
JUNE 30, 2014
O3
O4
O5
O6
O7
Page 3 of 10
O8
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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AFFECTIVE DOMAIN
C5 Appreciate the value of accounting to his future profession
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C6 Appreciate for the need for the fair and reliable reporting of assets, liabilities, owner's equity, revenue and expenses as they
affect the economic decision of users.
C7 Imbibe desirable attitudes and values in the fulfillment of course requirements.
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PSYCHOMOTOR DOMAIN
C8 Prepare accounting documents and reports in good form.
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C18 Solve for unknowns in accounting problems/exercises.
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C19 Apply the accounting cycle in solving accounting problems.
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C20 Perform simple evaluation of service businesses as to effectiveness of their operations.
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4. 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 tackles the discussion of the accounting cycle for a
SERVICING form of business specifically the Hospitality Industry. Emphasis is placed on understanding the reasons underlying basic accounting concepts and providing students with an
adequate background on the recording, classifying, and summarizing functions of accounting to enable them to appreciate the varied uses of accounting data. Also discussed are special
journals, the voucher system, etc.
I.
DETAILED COURSE OUTLINE:
Session Learning
Objectives/Goals (SLO/G)
Course Title:
HBCTNG2 (3 units)
Content Topic
Course Description:
BASIC ACCOUNTING (SERVICING)
Outcomes
Based
Methodologies/
Strategies &
Learning
Outcomes
Effectivity: 1st Semester , SY 2013-2014
Time
Allotment
Date Revised :
JUNE 30, 2014
Values
Evaluative
Measures
Page 4 of 10
PRC TOS
Approaches
To instill knowledge to students
regarding the accounting
concepts, cycle and process for a
SERVICING form of business,
specifically the Hospitality
Industry
To enable students explore the
role of accounting information in
the decision-making process
To help students learn how to use
various types of accounting
information found in financial
statements and annual reports.
I. INTRODUCTION
1. Development of Accounting
2. Forms of Business
Organizations
1. Sole Proprietorship
2. Partnership
3. Corporation
4. Cooperative
3. Nature of Business
Organizations
1. Service-concern
2. Merchandising
3. Manufacturing
4. Agriculture/Agribusiness
4. Definition of Accounting
5. Phases of Accounting
1. Recording
2. Classifying
3. Summarizing
4. Interpreting
6. Bookkeeping and Accounting
7. Users and their Information
Needs
1. Investors/ owners
2. Employees/Labor Union
3. Lenders
4. Suppliers and other
trade creditors
5. Customers
6. Government and their
agencies
7. Public
Lecturediscussions
Problem Solving
Recitation
The students will be
able to appreciate
the importance of
accounting in
different business
organizations; to
enumerate and
explain the different
steps in the
accounting cycle; to
relate the
preparation and
importance of
financial statements
in the analysis of
business operations;
to know the
elements of financial
statements and the
different account
titles, and the rules
of debit and credit.
16 hrs
Board Works
Professional Ethics
Integrity
Objectivity and
Independence
Professional
Competence and
Due Care
Fairness
Transparency
Accountability
Hard work
Patience
Diligence
Quizzes
Recitation
Assignments
Seat works
II. THE ACCOUNTING EQUATION
AND THE DOUBLE
ENTRY SYSTEM
Course Title:
HBCTNG2 (3 units)
Course Description:
BASIC ACCOUNTING (SERVICING)
Effectivity: 1st Semester , SY 2013-2014
Date Revised :
JUNE 30, 2014
Page 5 of 10
1. Accounting Information System
2. Elements of Financial
Statements
a) Real Accounts
b) Nominal Accounts
3. The Account
a) Account – Definition
b) Typical Account Title Used
4. The Accounting Equation
5. The Double Entry System –
Debits and Credits
6. The Rules of Debit and Credit
7. Accounting Events and
Transactions
8. Effects of Transactions
9. Typical Account Titles Used
10. Analyzing Business Transactions
a) Use of Financial Transaction
Worksheet
b) Use of T-Account
III. ACCOUNTING CYCLE
1. Review of the Accounting Cycle
a) Identifying transactions to be
recorded
b) Journalizing of transactions
in the general journal
c) Posting of journal entries in
the general ledger/T-account
d) Trial balance preparation
e) Journalizing adjusting entries
f) Worksheet preparation
g) Financial statements
preparation
h) Closing entries
i) Preparation of Post Closing
Trial Balance
j) Preparation of Reversing
Entries
2. Transaction Analysis
a) Identifying the transactions
from the source documents
b) Indicate the accounts –
Course Title:
HBCTNG2 (3 units)
Course Description:
BASIC ACCOUNTING (SERVICING)
Effectivity: 1st Semester , SY 2013-2014
Date Revised :
JUNE 30, 2014
Page 6 of 10
either assets, liabilities,
equity, income or expense
affected by the transaction
c) Ascertain whether the
account is increased or
decreased by the transaction
d) Using the rules of debit and
credit
a.
To measure student’s learning
abilities.
First Grading Examination
2 hrs
Subtotal: 18
hrs
3. Journalizing Transactions
The students will be
able to prepare
correct journal
entries; and use the
general journal
properly.
a) Journalizing – Definition
b) The Journal
c) Contents of the General
Journal
d) Types of Journal Entries
4. Posting
a) Posting -Definition
To train students to journalize
b) The Ledger – Definition
(record) business transactions
c) Types of Ledger
and events correctly in the
1)
- General Ledger
general journal
2)
- Subsidiary Ledger
To train students to carry out the
5. Types of accounts in the General
posting phase of the accounting
Ledger
process using the general ledger
- Permanent Accounts
- Temporary Accounts
To train students to prepare
6. Procedures in posting journal
properly the Trial Balance
entries to ledger
7. Chart of Accounts
8. Normal Balance of an Account
9. Ledger Accounts after Posting
- Footing
- Account Balance
10. Trial Balance
a) Definition
b) Procedures in preparing a
Trial Balance
Course Title:
HBCTNG2 (3 units)
Course Description:
BASIC ACCOUNTING (SERVICING)
Lecturediscussions
Problem Solving
Recitation
Board Works
Students will
understand the
posting process and
the proper use of the
general ledger.
16 hrs
Students will be able
to prepare a
correctly formatted
trial balance.
Effectivity: 1st Semester , SY 2013-2014
Date Revised :
Professional Ethics
Integrity
Objectivity and
Independence
Professional
Competence and
Due Care
Fairness
Transparency
Accountability
Hard work
Patience
Risk-taking
Innovativeness
Professional
Behavior
Diligence
JUNE 30, 2014
Quizzes
Recitation
Assignments
Seat works
Case Analyses
Exercises
Page 7 of 10
c) Locating Errors
To test student’s learning levels
To train students to use
previously learned skills in
journalizing and posting to
prepare adjustments
To train students to identify the
appropriate adjustments and
prepare the correct adjusting
entries.
To enable students prepare a 10column worksheet and the yearend financial reports.
To assess student’s levels of
learning and capabilities
Midterrn Examination
IV. ADJUSTING ENTRIES
 Periodicity Concept
 Revenue Recognition Principle
 Expense recognition Principle
 Purpose and Types of Adjusting
Entries
a) Accruals
b) Deferrals
c) Provision for Uncollectible
Accounts
d) Provision for
Depreciation/Amortization
2. Effects of Omitting Adjustments
V. WORKSHEET AND FINANCIAL
STATEMENTS
 Procedures in Preparing the 10column Worksheet
 Financial Statement Preparation
a) Income Statement
b) Statement of Financial Position
2 hrs
Subtotal:
18hrs
Lecturediscussions
Power point
presentations
Problem Solving
The students will be
able to understand
the purpose of
adjusting entries and
how to prepare
them.
Students will be able
to acquire the skills
in preparing a
worksheet and
prepare year-end
financial statements.
16 hrs
Recitation
Board Works
Final Examination
Integrity
Professional Ethics
Objectivity and
Independence
Professional
Competence and
Due Care
Fairness
Transparency
Accountability
Hard work
Patience
Risk-taking
Innovativeness
Professional
Behavior
Diligence
Quizzes
Recitation
Assignments
Seat works
Case Analyses
Exercises
2 hrs
Subtotal:
18hrs
TOTAL: 54
HRS
Course Title:
HBCTNG2 (3 units)
Course Description:
BASIC ACCOUNTING (SERVICING)
Effectivity: 1st Semester , SY 2013-2014
Date Revised :
JUNE 30, 2014
Page 8 of 10
Grading System:
For Professional Non-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).
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 = 60 % ; Exam = 40 %
( Tentative Final Grade x 2 + Midterm Grade ) / 3 = Final grade
Textbook:
Lopez, Rafael M. Jr.. Basic Accounting for Hotel and Restaurant Operations 2014 Edition. MS Lopez Printing & Publishing.
References:
A. Books
A Dictionary of Accounting Oxford: Oxford University Press, c2010
Cabrera, Ma. Elenita Balatbat. (2009). Fundamentals of Accounting. Manila: GIC.
Jagels, Martin G., et.al.(2010). Hospitality Management Accounting, 9th Edition, John Wiley & Sons, Inc.
Valencia, Edwin. (2013). Basic Accounting. Baguio City: Valencia Educational Supply.
Valix, Conrado T. (2013). Theory of Accounts, 2010 rev. ed. Manila:GIC
Doupnik, Thimothy. (2012). Interrnational Accounting. 3rd Edition. New York: Mc Graw Hill.
Ballada, Win Lu and Ballada, Susan (2014) Basic Accounting. Manila, Philippines: Dom Dane Publishers and Made Easy Bookstore.
B. Electronic Sources
http://www.careers-in-accounting.com
http://www.accounting.rutgers.edu.raw
http://www.picpa.com.ph/
http://www.profile/income/sales
Prepared by:
ACC/TAX/BL GROUP
Course Title:
HBCTNG2 (3 units)
Course Description:
BASIC ACCOUNTING (SERVICING)
Effectivity: 1st Semester , SY 2013-2014
Date Revised :
JUNE 30, 2014
Page 9 of 10
Noted by:
Ms. Janeth Olat
Library Section Head
Rhad Vic F. Estoque, MBA, CPA
Program Chair, Accountancy Program
Approved by:
Dr. Kareen B. Leon, CPA
Dean, School of Business Administration and Accountancy
Course Title:
HBCTNG2 (3 units)
Course Description:
BASIC ACCOUNTING (SERVICING)
Effectivity: 1st Semester , SY 2013-2014
Date Revised :
JUNE 30, 2014
Page 10 of 10