SUBJECT: FUNDAMENTALS OF ACCOUNTING AND BUSINESS MANAGEMENT

TITLE OF LESSON: INTRODUCTION TO ACCOUNTING

MODULE NO. 2
CHAPTER: BACOOR CAMPUS
DURATION: FOUR (4) HOURS A WEEK

1. OBJECTIVES- At the end of this lesson, the students should be able to:
1.1. Differentiate the branches of accounting
1.2. Explain the kind or type of services rendered in each of these branches
1.3. Make a list of businesses within the community on the types of accounting services they require; and
1.4. Solve exercises in the identification of the branches of accounting described through the types of
services rendered

2. MATERIALS
2.1. Powerpoint presentation
2.2. Fundamental of Accountancy, Business, and Management 1 by Joselito G. Florendo

3. ACTIVITY PROPER: (DETAILED PARTS OF THE ACTIVITIES. USE THE BACK PAGE FOR
ADDITIONAL ACTIVITIES)
3.1. Lecture and discussions
3.2. Recitations
3.3. Pre-Assessment
3.4. Exercises
3.5. Assignment

4. CONTENT: BODY OF THE LESSON IN CONNECTION TO THE GIVEN ACTIVITY)

4.1. Introduction
4.2. Financial Accounting
4.3. General Purpose Financial Statements
4.4. Management Accounting
4.5. Roles of Management Accountants
4.6. Management Accounting Skills
4.7. Government Accounting
4.8. Auditing
4.9. Tax Accounting
4.10. Cost Accounting
4.11. Accounting Education
4.12. Accounting Research

5. ASSESSMENT/ EVALUATION: SET OF QUESTIONS TO MEASURE UNDERSTANDING OF THE

LESSON)
5.1. Discussion Questions
5.1.1. Describe the purpose of accounting standards such as the Philippine Financial Reporting
Standards (PFRS) and the Philippine Accounting Standards(PAS).
5.1.2. Distinguish accounting education from accounting research
5.1.3. Explain briefly the function of government accounting. Why do government agencies follow
different set of guidelines in preparing their financial statements?

5.2. Summative Assessment

5.2.1. The branch of accounting focuses on creating value for the business by providing
information used in financial accounting and management accounting fields?
5.2.1.1. Accounting Education
5.2.1.2. Cost Accounting
5.2.1.3. Tax Accounting
5.2.1.4. Auditing