You are on page 1of 26

Page 1 of 26

De La Salle University-Dasmarinas
College of Business Administration and Accountancy
Accountancy Department



3.0 COURSE CREDIT: Six (6)


Guided by the values of faith, zeal for service and communion in mission, the course
exposes you to the nature, scope, and limitation of accounting discipline affecting a
service concern and merchandising enterprise organized as a sole proprietorship.
This is achieved by helping you realize your full potential individually and in
Page 2 of 26

collaboration with various users of accounting information, and thereafter, in

participating responsibly in church, industry, and nation-building.

This introductory course intends to familiarize you with the conceptual and procedural
aspects of accounting. It will provide you with the basic knowledge of how accounting
records, techniques and methods are utilized to classify, summarize and present
useful and meaningful accounting information from a mass of business data. The
emphasis in this course is placed on understanding the basic accounting and
bookkeeping process and in providing you with adequate knowledge in the
preparation of financial statements.


De La Salle University Dasmarinas graduates should be able to:

7.1 Demonstrate appreciation of the value of holistic development by actively and

conscientiously taking care of the needs of their body, mind, heart, and soul.
Page 3 of 26

7.2 Show special concern for the youth-at-risk by participating meaningfully in the
process of social transformation.
7.3 Manifest the natural spirit of service to address the needs of the society,
especially the environment, by initiating responsible actions meant to improve
people’s conditions.
7.4 Display the love for learning as a means to make lives better by promoting and
sharing such passion, especially among the youth.
7.5 Advocate competitiveness nationally and globally by practicing dedication,
honesty, and fairness in all given opportunities.
7.6 Exemplify Lasallian graduate attributes in their everyday lives by being God-
centered, people oriented, and patriotic citizens of the country and of the world.
7.7 Exhibit the Lasallian values in their professional and daily lives by imbibing and
sharing faith, zeal, and communion with people from all walks of life.

By the end of the five-year program, student can:

Page 4 of 26

8.1 Resolve business issues and problems, with a global perspective and particular
emphasis on matters confronting financial statement preparers and users, using
their knowledge and technical proficiency in the areas of financial accounting and
reporting, finance and financial management, management accounting, audit and
assurance, taxation, governance, risk management, internal control, information
technology, business law and regulations, business and organizational
environment, economics and business strategy and management.
8.2 Conduct research through independent studies of relevant literature and
appropriate application of accounting and finance theories and methodologies.
8.3 Employ technology as a business tool in capturing financial and non-financial
information, generating reports as basis in making decisions.
8.4 Apply knowledge and skills that will enable them to successfully respond to
various types of assessments (including professional licensure and certifications).
8.5 Maintain in a confident manner a professional commitment to good corporate
citizenship, social responsibility and ethical practice when performing functions as
professional accountant.


Page 5 of 26

By the end of the semester, student can:

9.1 Apply critical thinking, communication skills and computer literacy by preparing
and presenting solutions in class
9.2 Demonstrate acquired skills by accounting for transactions of a sole
proprietorship engaged in a service or merchandising business
9.3 Construct the basic financial statements by identifying the relevant information
necessary to prepare and present such financial statements
9.4 Exhibit faith by interpreting, judging, and evaluating classroom realities in the light
of the Gospel
9.5 Demonstrate the importance of ethics and Christian-like actions in accounting for
business transactions and emphasize the need for relevance, truthfulness,
timeliness, integrity, objectivity, and neutrality in the preparation of basic financial
9.6 Recognize and realize the social responsibility of a bookkeeper in the preparation
and presentation of a fairly stated financial statements.


Page 6 of 26

The essential goal in this course is for students to have a good grasp of the generally
accepted accounting principles and to apply such principles in the preparation of the
basic financial statements of a sole proprietor who may be engaged either in a service
or in merchandising business. Thru a Licensure Simulation Examination, the student
must exemplify the ability to apply the accounting principles and must clearly manifest
the knowledge of the correct flow of the accounting cycle and of the preparation of the
financial statements based on the appropriate reporting framework.


Area Advanced (4 Intermediate (3 Elementary (2 Beginner (1

points) points) points) point)
Social Answers to Answers to Answers to Answers to
responsibili questions clearly questions questions questions
Page 7 of 26

ty to the manifest the manifest to a manifest low manifest a very

community extent of the certain extent of recognition of the low recognition
(20%) recognition of the the recognition of responsibility as of the
responsibility as the responsibility a dynamic responsibility as
a dynamic as a dynamic bookkeeper. a dynamic
bookkeeper. bookkeeper. bookkeeper.

Knowledge Exhibit in the Shows an Shows little Can hardly

of the written average knowledge on exhibit
accounting examination knowledge on the subject. knowledge on
principles, comprehensive the subject. the subject.
accounting knowledge on
cycle and the subject.
of basic
Ability to Can apply the Can apply the Can apply the Cannot apply the
Page 8 of 26

apply the accounting accounting accounting accounting

accounting principles to principles to principles to principles to
principles in solve all of the solve many of solve some of solve the given
each step of given accounting the given the given accounting
the problems. accounting accounting problems.
accounting problems. problems.
cycle and in
of the
Extent of Can accurately Can accurately Can accurately Cannot
analysis analyze all given analyze most of analyze a little accurately
(20%) accounting the given number of the analyze the
problems/scenari accounting given accounting given accounting
o. problems/scenari problems/scenari problems/scenari
o. o. o.
Page 9 of 26

Integration Christian values Christian values Integration of Integration of

of Christian are clearly are integrated. Christian values Christian values
values integrated. is not is missing.
(10%) emphasized.
Page 10 of 26


Preliminary Period Midterm Period Final Period

Class Standing Class Standing Class Standing

70% 70% 70%
Class Participation 10% Class Participation 10% Class Participation 10%
20% 20% 20%
Assignment/Seatwork Assignment/Seatwork Assignment/Seatwork
Long Quiz 42% Long Quiz 42% Long Quiz 42%
Short Quiz 28% Short Quiz 28% Short Quiz 28%
Final product
Major Examination 30% Major Examination 30% (Comprehensive Final 30%

Total 100% Total 100%

Prelim period grade + Midterm period grade + Final period grade/3 = FINAL GRADE
Page 11 of 26


Topics Time Topic-Level Student Assessment Outcomes-Based

Learning Outcomes Strategies Evidence
Preliminary/Introductory (36 hours)
Nature and 6  Define accounting  Recitation 74% accuracy
Environmen hour and describe its  Seatwork
t of s nature (Individual or by
Accounting  Identify forms of Group)
business  Boardwork
organization  Assignment
 Discuss type of  Quizzes on
business theories,
operation concepts, and
 Enumerate users problems
of accounting
Page 12 of 26

 Describe the role

of the accounting
profession in
nation- building
 Explain the
principles in the
Philippine setting
Page 13 of 26

Accounting 18  Associate the  Recitation 74% accuracy

Process for hour accounting  Seatwork
Service Type s equation with the (Individual or by
of business complete rules of Group)
debits and credits  Boardwork
 Describe the chart  Assignment
of accounts of  Quizzes on
service concern theories,
 Discuss the steps concepts, and
in the recording problems
and posting
 Prepare the trial
 Prepare the
Page 14 of 26

Accounting 12  Compare the  Recitation 74% accuracy

for hour service concern’s  Seatwork
Merchandisi s chart of accounts (Individual or by
ng with that of a Group)
Operations merchandising  Boardwork
– Part I business  Assignment
 Record  Quizzes on
merchandising theories,
transactions concepts, and
 Compute E-VAT problems
and showing its
proper accounting
treatment and
remittance to BIR

Midterm/Enabling (36 hours)

Page 15 of 26

Accounting 36  Discuss the  Recitation 74% accuracy

for hour advantages of  Seatwork
Merchandisi s using special (Individual or by
ng journals Group)
Operations  Enumerate the  Boardwork
– Part II types of special  Assignment
journals and  Quizzes on
illustrate its correct theories,
usage concepts, and
 Prepare adjusting problems
journal entries
 Prepare work
sheet for a
business and
differentiate it with
that of a service
Page 16 of 26

 Prepare classified
statements (FS) of
business in
accordance with
the Philippine
 Discuss the notes
to FS that must be
 Discuss the three
remaining cycles
namely, closing
entries, post
closing trial
Page 17 of 26

balance and
reversing entries

Final/Culminating (36 hours)

Payroll 7  Prepare payroll  Recitation 74% accuracy
Sheet and hour sheet  Seatwork
Payroll s  Journalize payroll (Individual or by
Preparation transactions Group)
 Boardwork
 Assignment
 Quizzes on
concepts, and
Page 18 of 26

Cash 18  Define cash  Recitation 74% accuracy

Controls hour controls  Seatwork
s terminologies (Individual or by
 Record cash Group)
payment  Boardwork
transactions using  Assignment
a voucher system  Quizzes on
 Enumerate the theories,
types of bank concepts, and
deposits problems
 Identify the book
and bank
reconciling items
 Prepare the bank
statement using
adjusted balance
method based on
Page 19 of 26

step by step
 Discuss the two
methods of
accounting for
petty cash fund
 Record the journal
entries related to
petty cash
 Compute the
amount of Petty
cash fund in the
Statement of
Financial Position
Page 20 of 26

Promissory 11  Discuss  Recitation 74% accuracy

Notes hour accounting for  Seatwork
Transaction s notes receivable (Individual or by
s  Discuss Group)
accounting for  Boardwork
notes payable  Assignment
 Quizzes on
concepts, and
Total no. of 108
hours hour


Call number/e- Materials (textbooks, references, journals, online)

Manuel, Z. V. C. (2015) The Accounting Process – Basic Concepts and
Page 21 of 26

Procedures (21st Ed) Manila: Raintree Trading and Publishing, Inc.

Ballada, W. L. (2010). Basic Accounting Made Easy, (15th Ed). Manila:
Made Easy Books
Ibarra, V. C. (2010). Accounting 15: Fundamentals of Accounting
Workbook: Notes, Short and Long Problems. Quezon City: Ateneo De
Manila University Press
Porter, Gary A. et al. (2010). Using Financial Accounting Information:
The Alternative to Debits and Credit, (6th Ed). Mason OH: South-
Western/Cengage Learning
Price, J. E. et al. (2009). College Accounting. Boston MA: McGraw-
Valencia, Edwin G. (2009-2010) Basic Accounting, (3rd Ed.) Manila:
Mutual Books, Inc.


Page 22 of 26

15.1 Class Attendance. A significant portion of your learning is dependent on your

participation in, and contribution to the classroom community. You are expected to
be in class, turn in all work on time, and significantly contribute to the classroom
discussion. You should notify me personally in advance regarding all absences.
You may be absent only (due to sickness or extremely unavoidable circumstances),
for a maximum of 22 hours, inclusive of tardiness. All absences after that shall
mean excessive absences which merit a grade of 0.00.
15.2 Assignments. Assignments will be due at the beginning of class unless
otherwise indicated. Assignments turned in after the due date will not be accepted.
There is no provision for make up for any missed assignment.
15.3 Seatwork. No book, no seatwork policy is to be followed for the whole
semester. There is no provision for makeup for any missed seatwork.
15.4 Quizzes and Examinations. You are expected to do your own work on the
exams and are responsible to protect your work from being copied by your
seatmates/classmates. Reference materials may not be used during quizzes and
examinations. Make-up quizzes are given for approved absences only. If you
missed any quiz, you should see me during my consultation hours on the day you
report to our class to schedule the make up quiz. You will lose the chance to take
the special quiz if you fail to take such as scheduled.
Page 23 of 26

15.5 Short Quizzes. Short quizzes are to be administered at the start of classes
(immediately after the Gospel reading). It will usually be in the following format:
True or False; Multiple Choice or Identification for a minimum of 10 points and a
maximum of 20 points, covering immediate past or the next lesson. There is no
provision for missed short quiz. This requirement intends to discipline you in two
ways: one, ensuring that you come prepared for the class and two, practicing
punctuality in attendance.
15.6 Major Exams. There will be three Major Examinations which include a
comprehensive Midterm and Final Exams. You may take a special examination only
if your failure to take such is due to an approved absence, sickness, or extremely
unavoidable circumstances. You are responsible for arranging the schedule with
me. Special major examination is given only within one week after the examination
schedule. In case of conflict in examination schedules, you are required to take the
examination on the same date either immediately before or after the scheduled
15.7 Policy on Scholastic Dishonesty. Acts prohibited by the University for which
discipline may be administered include scholastic dishonesty, including but not
limited to cheating on an examination or quiz, plagiarizing, and unauthorized
collaboration with another in preparing outside work. The academic work you will
Page 24 of 26

submit shall be the result of your thought, research or self-expression. An academic

work is defined as, but not limited to tests, quizzes, whether taken electronically or
on paper; projects, either individual or group; classroom presentations, and
assignments. If you engaged yourself in academic dishonesty, you will be subjected
to a range of disciplinary actions, from a failing grade on an activity in question to
expulsion from the University.
15.8 Textbook. The textbook is an essential reference and learning tool. In order to
succeed in this course, you will need to read this book in preparation for class. You
should bring this book every class meeting as most of the class activities will
require its use.
15.9 Proper Decorum Inside the Class. Cellular phones should always be in silent
mode during class hours; the use of cellular phones is prohibited in class unless a
special permission is sought. The use of iPod or similar gadgets during class hours
is also prohibited. The use of translators is strictly prohibited during quizzes and
major examinations. Civility in the classroom is expected of all members of the
15.10 General Concerns. All written requirements should be completed on
appropriate working papers with your name, course/section code, date and type of
course requirement. Documents should have a neat, professional appearance and
Page 25 of 26

be stapled in correct sequential order. All written answers/solutions must be

prepared using correct format, grammar, punctuation and spelling. You must
provide your own supplies, including a non-programmable calculator, for use
whenever necessary. Only black ink pen is allowed.
15.11 Other Concerns Relative to the Class. Any concern that is relevant to the
class should be brought to my attention before it is elevated to a higher authority or
an outside party. This would cover, for instance, complaints directed to me (manner
of teaching, grades, etc.) or to your classmates. Special arrangements requested
due to certain situations (e.g., a student’s disabling condition) may be decided and
acted on a case to case basis.
Other matters not provided in the preceding policies concerning this class maybe
resolved within the bounds of University policy.

PREPARED: Accountancy Department

Page 26 of 26

ENDORSED: Eden C. Cabrera, CPA, MBA

Chair, Accountancy Department

APPROVED: Rosario T. Reyes, MBA

OIC Dean, College of Business Administration and Accountancy