COURSE CODE
SUBJECT
2ND SEMESTER, AY 2023-2024
COURSE DESCRIPTION:
Course Code : ABM1
Course Title : Fundamentals in accountancy, business and management 1
Course Credits : 3 units
Day, Time and Room : Friday/ 1:00 – 12:30/ 203
Course Instructor : Jocelyn B. Reyes
Contact Numbers : 0993-532-7870
Email : ghabjocy@[Link]
Prerequisites — Classes or Knowledge Required Before Taking This Course
___________________________________________
COURSE OBJECTIVES:
At the end of the course, the students are expected to be able to:
1. Cite specific examples in which accounting is used in making business decisions.
COURSE OUTLINE:
One (1) semester is equivalent to eighteen (18) weeks, or its equivalent of normally six (6)
school days a week, or one hundred (100) days (CHED Memorandum Order No. 40, Series of
2008).
Time Frame TOPICS & LEARNING OBJECTIVES:
TOPICS
1. Introduction to Accounting
2. Branches of Accounting
3. Users of Accounting Information
LEARNING OBJECTIVES
-The definition, nature, function, and history of accounting the varied
branches and areas of accounting, particularly
1. financial accounting
1st to 4th Week 2. management accounting
3. government accounting
4. auditing
5. tax accounting
6. cost accounting
7. accounting education
8. accounting research
-The external and internal
users of financial information
PRELIMINARY EXAMINATION
Time Frame
TOPICS
4. Forms of Business Organizations
5. Types of Business According to Activities
6. Accounting Concepts and Principles
7. The Accounting Equation
COURSE SYLLABUS
LEARNING OBJECTIVES
The various forms of business
organization, as follows:
1. sole / single proprietorship
2. partnership
3. corporation
4. cooperatives
5th to 8th Week The types of business
according to activities,
particularly:
1. service business
2. merchandising business
3. manufacturing business
-Accounting concepts and
Principles
-The accounting equation
MIDTERM EXAMINATION
Time Frame
TOPICS
8. Types of Major Accounts
9. Books of Accounts
10. Business Transactions and Their Analysis
As Applied to the Accounting Cycle of a Service Business
a. Rules of Debits and Credits
b. Journalizing
c. Posting
d. Preparation of a Trial Balance
9th to 13th Week LEARNING OBJECTIVES
The five major accounts, namely,
1. assets
2. liabilities
3. capital
4. income
5. expenses
-The two major types of books of accounts, namely, journal and ledger
-The business transactions and their analysis, to include definition and
nature of business transactions, types of source or business
documents, and the rules of debits and credits
SEMI-FINAL EXAMINATION
Time Frame
TOPICS
11. The cycle of accounting
LEARNING OBJECTIVES
-Describe the nature of business transactions and give examples.
14th to 17th Week
-Identify the different types of sources and accountable
documents that form part of business transactions.
-Learn the rules of debits and credits and apply this in recording
business transactions.
- Know the accounting process and apply this to simple business
transactions and in the preparation of financial reports.
- Know the accounting period.
- Prepare journal entry, general ledger and trial balance.
18TH WEEK FINAL EXAMINATION
COURSE SYLLABUS
EVALUATION AND GRADING
Evaluation of Student Performance Weighted as Percentages of the Total Grade:
Major Exams 30%
Class Participation 20%
Quizzes/Seat works 20%
Assignments/Projects 20%
Attendance and Behavior 10%
100% Every grading period
Grading Scale
Prelim : 20%
Midterm : 20%
Semi-Final : 25%
Final: : 35%
Final Grade : 100%
REFERENCES:
1. Anastacio, Ma. Flordeliza. Fundamentals of Financial Management (with Industry Based
Perspective).( Manila: Rex Book Store, 2011).
2. Gilbertson, Claudia. Fundamentals of Accounting. 8th ed. (Australia: Cengage Learning,
2010).
3. Padillo, Nicanor, Jr. Financial Statements Preparation, Analysis and Interpretation.
(Manila: GIC Enterprises, 2011).
4. Pefianco, Erlinda C. The Accounting Process: Principles and Problems. (Makati:
Goodwill Trading, 1996).
5. Young, Felina C. Principles of Marketing. (Manila: Rex Book Store, 2008).
Prepared by:
Jocelyn B. Reyes
Instructor
Checked by:
Maria Nanette P. Brucal, MEng
DEAN
Noted by:
Dr. Nilo S. Gret, CPA
COLLEGE PRESIDENT
COURSE SYLLABUS
