University Objectives (UO), College Objectives (CO) Addressed s1

SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY General Luna Road, Baguio CityUB 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: Course Description: Page 1 of 17 INTRODUCTORY ACCOUNTING Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 BACTNG1; 6 units SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY General Luna Road, Baguio CitySCHOOLMISSION 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: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 2 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units 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-taking1. Program Learning Outcomes (PLO) vis a vis Program ObjectivesPROGRAM Program Learning Outcomes OBJECTIVES P1 P2 P3 P4 P5 P6 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.  Course Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 3 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units 2. Course Objectives vis-a-vis Program Learning OutcomesPROGRAM OUTCOMES Course Objectives O1 O2 O3 O4 O5 O6 O7 O8 COGNITIVE DOMAIN C1. Discuss the key concepts of the course. √ √ √ √ √ C2. Explain the importance of accounting in different business organizations. √ √ √ √ √ √ √ √C3. Enumerate and explain the different steps in the accounting cycle. √ √ √ √ √ √ √ √C4. Relate the preparation and importance of financial statements in the analysis of business operations √ √ √ √ √ √ √ √ 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. √ √ √ √ √ √ √ √ 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. √ √ √ √ √ √ √ √PSYCHOMOTOR DOMAIN C9. Prepare accounting documents and reports in good form. √ √ √ √ √ √ √ √ C10. Solve for unknowns in accounting problems/exercises. √ √ √ √ √ √ √ √ C11. Apply the accounting cycle in solving accounting problems. √ √ √ √ √ √ √ √ C.12 Perform simple evaluation of service and merchandising businesses as to effectiveness of their operations. √ √ √ √ √ √ √ √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 Course Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 4 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units 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 I. DETAILED COURSE OUTLINE:Outcomes Based Learning Outcomes Time Session Learning Methodologies/ Content Topic Allotme Evaluative Objectives/Goals Strategies & Values nt Measures (SLO/G) ApproachesCourse Syllabus Be oriented of the VMO Lecture/Discussio VMO, To orient the student. 1 hr Accountability Recitation Seat Plan n Requirements and Leveling of Expectations Grading system At the end of the 1. INTRODUCTION Lecture- The student should 4 hrs Professional Assignments, session the student is discussion, be able to define competence Research, expected to identify Board exercises, and learn Case Analysis, and discern theoretical 1.1 Development of Accounting Recitations, accounting, its four Quiz, background of 1.2 Accountancy in the Philippines Group Activity phases, fields and Seatworks accounting such as the 1.2.1 Globalization history. The student definition, the history, 1.2.2 Policy Developments should be able to fields, phases, basic (www.accounting.rutgers.edu/raw) differentiate the concepts the 1.2.3 Technological Developments different types of accountancy 1.2.4 Accountancy Act of 2004 business as to profession, the types 1.2.5 Scope of Practice nature as well as the of business as to 1.2.5.1 Public Accountancy forms of business nature, the forms of 1.2.5.2 Commerce and Industry organization. They business organization, 1.2.5.3 Education/Academe should also be able as well as the different 1.2.5.4 Government to differentiate the users of financial 1.2.6 The Professional Regulatory Board of different users of information and their Accountancy financial information information needs. 1.2.7 Qualifications of members of the and their information Professional Regulatory Board needs. 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 Course Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 5 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units 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 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 Course Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 6 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units 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 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 Bookkeeping and Accounting 1.8 Fundamental Concepts 1.8.1 Entity Concept 1.8.2 Periodicity Concept 1.8.3 Stable Monetary Unit Concept 1.9 Users and their Information Needs 1.9.1 Investors/ Owner 1.9.2 Employers / Labor Union Course Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 7 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units 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 Public2. THE ACCOUNTING EQUATION AND THE DOUBLE ENTRY SYSTEM Accounting Information System 2.1 Elements of Financial Statements At the end of the 2.1.1 Real Accounts session the student 2.1.2 Nominal Accounts should be able to The student should 2.2 The Account identify and be able to correctly 2.2.1 Account – Definition differentiate the Lecture- classify the different Board work, 2.2.2 Typical Account titles Used accounting elements discussion, accounting elements Assignments, 2.3 The Accounting Equation and to correctly Board exercises, and to properly 6 hrs Objectivity Quiz, Seat 2.4 The Double Entry System-Debits and analyze business Recitations, identify and analyze work, Case Credits transactions of a Group Activity business analysis 2.5 The Rules of Debit and Credit service business of a transactions of a 2.6 Accounting Events and Transactions sole proprietorship services business. 2.7 Effects of Transactions form of business 2.8 Typical Account Titles Used organization. 2.9 Analyzing Business Transactions 2.9.1 Use of Financial Transaction Worksheet 2.9.2 Use of T-AccountAt the end of the 3. ACCOUNTING FOR A Lecture- The student should 2 hrs Accountability Quiz, session, the student SERVICE BUSINESS discussion, be able to learn the Assignments should be able to 3.1 Introduction of the Accounting Cycle Recitations different steps in the create reports based 3.1.1 Identifying transactions to accounting cycle. on steps in the be recorded accounting cycle. 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 adjustingCourse Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 8 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units 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 Entries6 hrs Accountability 3.2 Transaction Analysis3.2.1 Identifying the transactions from the source documents At the end of the 3.2.2 Indicate the accounts—either session, the student assets, liabilities, equity, income or should be able to expense affected by the transaction The student should properly and 3.2.3 Ascertain whether the account is Lecture- be able to properly Board work, accurately analyze and increased or decreased by the discussion, and accurately Assignments, journalize business transaction Board exercises, analyze and Quiz, Seat transactions of a 3.2.4 Using the rules of debit and credit Recitations, journalize business work service business. The Group Activity transactions of a student should be able 3.3 Journalizing Transactions service business. to create accurate 3.3.1 Journalizing-definition journal entries. 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 EntryAt the end of the 3.4 Posting Lecture- The student should 3 hrs Accountability Board work, session, the student discussion, be able to properly Assignments, should be able to 3.4.1 Posting-definition Board exercises, and accurately post Quiz, Seat create postings in the 3.4.2 The Ledger-definition Recitations, in the ledger/T- work ledger/T-Accounts for 3.4.3 Types of Ledger Group Activity Accounts the journal the journal entries of 3.4.3.1 General Ledger entries of business business transactions 3.4.3.2 Subsidiary Ledger transactions of a of a service business. 3.4.4 Type of Accounts in the General service business. LedgerCourse Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 9 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units 3.4.4.1 Permanent Accounts 3.4.4.2 Temporary Accounts 3.4.5 Procedures in posting journal entries to ledger 3.4.6 Chart of Accounts 3.4.7 Normal Balance of an Account 3.4.8 Ledger Accounts After Posting 3.4.8.1 Footing 3.4.8.2 Account Balance3.5 Trial Balance 3.5.1 Definition 3.5.2 Procedures in Preparing the Trial Balance At the end of the The student should 3.5.2 Locating Errors Lecture- session, the student be able to properly Board work, discussion, should be able and accurately Assignments, Case Analysis: 1) High Standards for Journalizing Board exercises, 3 hrs Accountability accurately create the prepare the trial Quiz, Seat (Source: Fundamentals Recitations, trial balance of a balance of a service work th Group Activity service business. of Accounting Course1, 7 edition, page 65) The business. Curious Accountant (Source: Fundamental Financial Accounting Concepts, 4th edition, page 149) 3.6 Preparing the Worksheet The student should At the end of the 3.6.1 6-column worksheet be able to properly session, the student 3.7 Preparation of Financial Statements Lecture- and accurately should be able to Board work, 3.7.1 Statement of Recognized Income discussion, prepare the 6- create properly the 6- Assignments, and Expenses Board exercises, column worksheet 6 hrs Accountability column worksheet and Quiz, Seat 3.7.2 Statements of Changes in Owner’s Recitations, and unadjusted unadjusted financial work Equity Group Activity financial statements statements of a service 3.7.3 Statement of Financial Position of a service business. business. FIRST GRADING EXAMINATION Common Exam 3 hrs Part II 2 hrsAt the end of the 3.10 Adjusting the Accounts Lecture- The student should 12 hrs Accountability Board work, session, the student 3.10.1 Periodicity Concept discussion, be able to properly Assignments, should be able assess 3.10.2 Revenue Recognition Principle Board exercises, and accurately Quiz, Seat and properly create 3.10.3 Expense Recognition Principle Recitations, prepare the work accurate adjusting 3.10.4 The Need for Adjustments problem solving, necessary adjusting Course Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 10 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units 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 entries. Group Activity entries. 3.10.5.2.1 Accrued Expense 3.10.5.2.2 Accrued Income 3.10.5.2.3 Provision for Bad Debts 3.10.6 Effects of Omitting AdjustmentsAt the end of the 3.11 Worksheet with Adjusting Entries Lecture- The student should Board work, session, the student 3.11.1 10-column worksheet discussion, be able to properly Assignments, should be able to Board exercises, and accurately 6 hrs Accountability Quiz, Seat create and analyze the Recitations, prepare the 10- work 10-clomn worksheet. problem solving clomn worksheet. At the end of the The student should session, the student be able to properly should be able to and accurately create accurate 3.12 Preparation of Financial Statements Lecture- prepare the financial Board work, financial statements, to 3.13 Closing Entries discussion, statements, to Assignments, assess closing entries, 3.14 Post-Closing Trial Balance Board exercises, 9 hrs Accountability prepare the closing Quiz, Seat and create a post- 3.15 Reversing Entries Recitations, entries, post-closing work closing trial balance problem solving trial balance and the and the reversing reversing entries of entries of a service a service business. business. 4.0 GENERALLY ACCEPTED ACCOUNTING At the end of the PRINCIPLES The student should session, the student 4.1 Definition Lecture- be able to properly should be able to 4.2 Criteria for General Acceptance of an Assignments, discussion, apply GAAP in the 1 hr Objectivity create financial Accounting Principle Quiz Recitations preparation of statements based on 4.3 Generally Accepted Accounting financial statements. GAAP. PrinciplesAt the end of the 5.0 FRAMEWORK FOR THE PREPARATION AND Lecture- The student should 2 hrs Objectivity Assignments,Course Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 11 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units 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 session, the student 1.2.2 Relating to Content be able to properly should be able to 1.2.3 Relating to Presentation discussion, follow and apply the identify and assess Quiz, Case 5.3 Constraints on Relevant and Reliable Recitations, framework for the the framework for the analysis Information Group activity preparation of preparation of financial financial statements. statements. 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 3 hrs Common Exam 2 hrs Part II 6.0 ACCOUNTING FOR A MERCHANDISING BUSINESS 6.1 Comparison of Income Statements At the end of the Between Service and Merchandising session, the student 6.2 Operating Cycle of a Merchandising The student should should be able to Business be able to compare compare service 6.3 Source Documents service business business from 6.3.1 Sales Invoice Lecture- from merchandising Assignments, merchandising 6.3.2 Bill of Lading discussion, business and to 3 hrs Objectivity Quiz, Seat business and to 6.3.3 Statement of Account Recitations learn the documents work assess the documents 6.3.4 Official Receipt being used in a being used in a 6.3.5 Deposit Slips merchandising merchandising 6.3.6 Check business. business. 6.3.7 Purchase Requisitions 6.3.8 Purchase order 6.3.9 Receiving Report 6.3.10 Credit Memorandum At the end of the 6.4 Inventory System Lecture- The student should 3 hrs Accountability Board work, session, the student discussion, be able to Assignments,Course Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 12 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units 6.4.4 Periodic Inventory System 6.4.5 Perpetual Inventory System should be able to 6.5 Terms of Transactions contrast and create differentiate the two reports on the two 6.5.4 Trade Discounts Board exercises, inventory system as Quiz, Seat inventory system. To 6.5.5 Cash Discounts Recitations, well as the different work contrast the different 6.5.5.1.1 Purchase Discount problem solving terms of trading terms of trading 6.5.5.1.2 Sales Discount transactions. transactions. 6.5.6 Credit Term 6.5.7 Discount PeriodAt the end of the 6.6 Transportation Cost The student should session, the student be able to determine should be able to 6.6.1 Transportation In/Freight In the owner of goods assess and identify 6.6.2 Transportation Out/Freight Out Lecture- in transit based on Quiz, the owner of goods in 6.6.3 FOB Shipping Point discussion, term of the Assignments, transit based on term 6.6.4 FOB Destination Board exercises, Transparency & sale/purchase and 2 hrs Board work, of the sale/purchase 6.6.5 Freight Prepaid Recitations, Accountability to determine the seatwork, and to be able to justify 6.6.6 Freight Collect problem solving, person who is liable Recitation the person who is 6.6.7 Determination of Ownership of Group Activity to pay the freight liable to pay the freight Merchandise cost and who cost and who actually actually paid it. paid it. At the end of the 6.7 Accounting Procedures for Lecture- She student should 9 hrs Accountability Quiz, session, the student Purchase/Merchandising Transactions discussion, be able to properly Assignments, should be able to 6.7.1 Net Sales Board exercises, and accurately Board work, properly and 6.7.1.1 Gross Sales Recitations, analyze and seatwork, accurately create 6.7.1.2 Sales Returns and Allowances problem solving, journalize business Recitation journal entries of 6.7.1.3 Sales Discounts Group Activity transactions of a business transactions 6.7.2 Cost of Goods Sold merchandising of a merchandising 6.7.2.1 Merchandise Inventory, business. He/She business. Beginning should be able to The student should be 6.7.2.2 Purchases compute correctly able to compute 6.7.2.3 Purchase Returns and the net sales, gross correctly the net sales, Allowances profit, cost of sales gross profit, cost of 6.7.2.4 Purchase Discounts and the profit or loss sales and the profit or 6.7.2.5 Freight In for the given period. loss for the given 6.7.2.6 Goods Available for Sale period. 6.7.2.7 Merchandise Inventory, End 6.7.3 Gross Profit 6.7.4 ExpensesCourse Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 13 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units 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 6.8 Worksheet The student should At the end of the 6.8.1 10-column worksheet be able to properly session, the student 6.9 Adjusting Entries and accurately should be able to 6.10 Financial Statements prepare the properly and 6.11 Closing Entries adjusting entries, the accurately create the 6.12 Post-Closing Trial Balance 10-column adjusting entries, the Case Analysis: Purchase Discounts and worksheet, and the 10-column worksheet, Accounts Payable financial statements Lecture- Quiz, and the financial of a merchandising (Source: Accounting Chapters1-11, 21th edition, discussion, Assignments, statements of a business. He/She page280, Activity 6-2) Board exercises, Board work, merchandising should also be able 8 hrs Accountability Recitations, seatwork, business. The student Ethical Dilemma: 1) What is a Little Deceit to prepare the problem solving, Recitation, should also be able to Among Friends closing entries, the Group Activity Case analysis create the closing post-closing trial (Source: Fundamental Financial Accounting entries, the post- balance and the Concepts, 4th edition, page 144) closing trial balance reversing entries of and the reversing 2) Wait Until I Get Mine a merchandising entries of a business. (Source: Fundamental Financial Accounting merchandising Concepts, 4th edition, page 260) business.At the end of the 7.0 SPECIAL JOURNALS Lecture- The student should 3 hrs Accountability Quiz, session, the student discussion, be able to use Assignments, 7.1 Control Accounts and Subsidiary should be able to Board exercises, properly the special Board work, Ledgers construct special Recitations, journals in recording seatwork, 1.2 Special Journals journals in recording problem solving, business Recitation. (www.greatplains.com/accounting/produ business transactions Group Activity transactions Case analysis ctinfo.asp) especially those of a especially those of a 7.2.1 Advantages of Using Special Journals merchandising merchandising 7.2.2 Types of Special Journals business. business. 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 Course Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 14 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units Journal 7.3 General Journal 7.4 Proving the Ledgers 7.5 Flexibility of Special-Purpose JournalsGroup Activity: Manual vs Computerized Accounting System (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 8.2 Voucher Register The student should Quiz, Lecture- should be able to be able to learn the Transparency & Assignments, 8.3 Unpaid Voucher Files discussion, 2 hrs create reports based basic concepts of Accountability Seatwork, Recitations on the basic concepts 8.4 Check Voucher Files the voucher system. Recitation. of the voucher system. 8.5 Paid Voucher Files 8.6 Special Problems in a Voucher System At the end of the 9.0 CASH Lecture- The student should 2 hrs Accountability Quiz, session, the student discussion, be able to learn the Assignments, 9.1 Nature, Valuation and Classification should be able to Recitations nature, valuation Seatwork, assess and create 9.2 Internal Control Over Cash and classification of Recitation. reports on transactions cash. involving cash. 9.3 Petty Cash Fund (Imprest Method) 9.4 Checking Account/Current Account 9.5 Preparing the Bank Reconciliation Statement (Adjusted Balance Method)Course Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 15 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 unitsFINAL EXAMINATION 3 hrs Common Exam 2 hrs Part II 108 Total Hours TOTAL: 108 HRSII. 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 85First 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 gradeTEXTBOOK: 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. Course Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 16 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units 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.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.aspPrepared by:  ACC/TAX/BL GROUPNoted by:MS. ALLYN C. GARIBAY Assigned LibrarianMR. RHAD VIC F. ESTOQUE, MBA, CPA MS. RUBY R. BUCCAT Program Chair, Accountancy Program Chair, Business AdministrationApproved by:DR. KAREEN B. LEON, CPA Dean UB SBAACourse Number: Course Description: Effectivity: 1st Semester, SY 2013-2014 Date Revised: May 29, 2013 Page 17 of 17 INTRODUCTORY ACCOUNTING BACTNG1; 6 units

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