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Diagnostic Examination-FABM2
1 Define the measurement levels, namely, liquidity, solvency, stability and profitability
Perform vertical and horizontal analyses of financial statements of a single
2 proprietorship 7
Compute and interpret financial ratios such as current ratio, working capital, gross
profit ratio, net profit ratio, receivable turnover, inventory turnover, tobe-to equity
3 ratio and the like
SECOND GRADING OF FIRST SEM
1 Differentiate journal from general ledger
2 Determine the the normal balance of an account
1-2
3 Prepare journal entries to record basic business transactions
4 Determine the balances of accounts using the T-account.
1 Identify the types of bank accounts normally maintained by a business.
2 Differentiate a savings account from a current or checking account
3 Prepare bank deposit and withdrawl slips 3
4 Identify and prepare checks
5 Identify and understand the contents of a bank statement
1 Describe the nature of Bank Reconciliation statement
2 Identify common reconciling items and describe each of them
4
3 Analyze the effects of the identified reconciling items
4 Prepare a bank reconciliation statement
Perform the steps in the accounting cycle, from preparation of documents to the
1 preparation, analysis, and interpretation of financial statements. 5-6-7
1 Define income and business taxation and its principles and procesess.
8
Prepare the list of sources of gross income from compensation and gross income
from business and the corresponding personal and additional
2 deductions/exemptions.
8
3 Explain the procedure in the computation of gross taxable income and tax due
4 Prepare the BIR Forms
5 Explain the principles and puposes of taxation
6 Distinguish individual from business taxation
7 Compute the gross taxable income and tax due.
NO. OF No. of
DAYS TO Test Items Level of Dificulty and Item Placement
BE Total
TAUGHT
Easy (60%) Item No. Ave. (30%) Item No. Hard (10%) Item No.
1
1
10 1
10 3
1
1
3
5
3
5
5 2
2
2
10
2
1
1
1
5 1
1
1
1
3
5
15 10
1
5
2
1
1-5
6-10
11-13
14-16
17
18-19
20
21-22
23-24
25-26
27
28
29
30
31
32
33
34-36
37-46
47
48-50
DON JOSE INTEGRATED HIGH SCHOOL
Diagnostic Examination-FABM2
Semester1st S.Y. 2019-2020
Subject: FUNDAMENTALS OF ACCOUNTANCY, BUSINESS & MANAGEMENT 2
No. of Level of Dificulty and Item Placement
Days No. of Test
Learning Competencies
WEEK/NO. (Based on Items Remem Understa Applying Analyzin Evaluatin Total Placement
CG) bering nding g g
OF DAYS
Identify the uses of the two books of 1 1 1 1 1
1 account
1 week
(f) Illustrate the format of a general and 1 1 1 1 2
2 4 special journals
days
Illustrate the the format of a general and 1 1 1 2 3 3
3 subsidiary ledger
Describe the nature and give examples of
business transactions 1 1 1 1 2 4,5
4
Identify the different types of business
4 weeks 1 1 1 1 6
5 documents
(g-j)
16 days Analyze common business transactions 1 1 1 1 7
6-7 using the rules of debit and credit
Solve simple problems and exercises in 1 1 1 1 8,9
8-9 the analyses of business transaction
Describe the nature of transactions in a
service business 2 2 1 1 2 10,11
10-11
Record transactions of a service business 2 2 1 1 2 12,13
12-13 4 weeks in the general journal
14-16 (a-d) Post the transaction in the ledger 3 3 1 1 1 1 4 14,15,16,17
16 days
17-19 Prepares a Trial Balance 3 3 1 1 1 3 18,19,20
20-23 Prepare adjusting entries 3 3 1 1 1 3 21,22,23
24-25 Complete the accounting cycle 2 2 1 1 2 24,25
Describe the nature of transactions in a 3 3 1 1 1 3 26,27,28
26-28 merchandising business
Record transactions of a merchandising
business in the general journal and special 4 4 1 2 1 4 29,30,31,32
29-33 journal
6 weeks
(e-g)
24 days
Subject: FUNDAMENTALS OF ACCOUNTANCY, BUSINESS & MANAGEMENT 2
No. of Level of Dificulty and Item Placement
Days No. of Test
Learning Competencies
WEEK/NO. (Based on Items Remem Understa Applying Analyzin Evaluatin Total Placement
OF DAYS CG) bering nding g g
TOTAL 50 50 15 15 8 7 5 50
Prepared:
FRANCES NOVA B. DELA PEÑA, MBA
SHST- III ABM
Checked:
JEWELL C. SASUYA
Academic Coordinator
Noted by:
I. TRUE OR FALSE. WRITE TRUE if the statement is TRUE, and WRITE FALSE if the
statement is FALSE.
1 The Statement of Financial Position is also known as the Balance Sheet.
2 Land and building are examples of current asset.
3 The accounting cycle that covers a period of one calendar year, starting January 1 and
ends December 31 is called a calendar year.
4 ASSETS = LIABILITIES + CAPITAL is an accounting equation.
5 Statement of Financial Position below is an example of report form.
ABC Company
Statement of Financial Position
December 31, 2016
6
The income statement is also called profit and loss statement, presents an entity's result
of operations for a period of time.
7 Sales or service income are revenues or gross income from the sale of company's products
and services.
8 Utilities expense includes telephone, water, and electricity used.
9
Depreciation expense includes portion of the cost of building and equipment allocated to
one accounting period
10 Salaries expense includes rentals for the use of equipment, building and land space owned
by others.
11 Cooperative is the simplest form business organization.
12
Partnership is a separate body consisting of at least five individuals treated by law as a
unit. ''An artificial being created by operation of law, having the right of succession and
the powers.
13 A sole proprietorship is a business organization owned by one person.
14 A cash flow statement provides information about cash receipts and cash payments of an
entity during a period.
15
Cash flow from investing activities are cash flows for the acquisition or disposition of plant,
equipment, and investments.
16 Liquidity is the ability to pay current obligations
17 Profitability is the ability to generate reasonable return on investments.
18
Vertical analysis involves sideward comparison. It shows changes from year to year.
19 Comparative statements shows figures for the current period ONLY.
20
Net Working Capital is the excess of current assets after deducting current liabilities.
Republic of the Philippines
Department of Education
Region IVA-CALABARZON
DON JOSE INTEGRATED HIGH SCHOOL
Diagnostic Examination-FABM2
II. MULTIPLE CHOICE. Select the BEST ANSWER of your choice, WRITE the LETTER ONLY.
b. Equipment 750,000
Cash 750,000
28 It is a kind of bank account where a passbook is presented for cash deposits and cash
withdrawals.
a. Time deposit b. Current and checking c. savings account
d. None of the above
29
It is a kind of bank account where drawings are done by the writing of checks, signing the
same, and giving check to the payee for encashment or for deposit within a bank.
a. Time deposit b. savings account c. Current and checking
d. None of the above
30
The ______________ account is a combination of savings and current account . Deposits
and withdrawals are posted in the passbook , and checks are issued for withdrawal from
the account.
a. Time deposit b. savings account c. Combo account
d. Current and checking
31 The person or entity written on the check to whom payment is to be made.
a. Drawee b. Endorsement c. Deposit in transit d. payee
32 The ____________________ are reports from the bank to the client, showing addition to
and deduction from bank balance for a period of time.
a. Billing Statement b. Statement of account c. Memorandum
d. Bank Statement
Republic of the Philippines
Department of Education
Region IVA-CALABARZON
DON JOSE INTEGRATED HIGH SCHOOL
Diagnostic Examination-FABM2
33
It is a process of bringing into agreement the bank balance per bank and the balance per
book record of the depositor.
a. Bank Statement b. Statement of account c. Memorandum
d. Bank reconciliation
34 _____________ is the balance reported by the bank as of a specific date.
a. Bank balance b. Book balance c. statement d. None of the above
35 _____________ is the balance reported by the depositor as of a specific date.
a. Bank balance b. Book balance c. statement d. None of the above
36
______________ are checks drawn by the depositor and posted as reduction in the
depositor's records, but is not yet posted as reduction from the depository bank's record.
a. Deposit in transit b. outstanding checks c. Bank transfer
d. None of the above
The preparation of financial statements is not the end of accounting. The next step is
financial analysis and interpretation. The purpose of financial statement analysis is to
44-47 transform the data in the statements into information which is interpreted and used as
basis for better economic decisions and actions. Enumerate at least four users of Financial
Statements
48-50 Given the tax table below: Compute the income tax of the following;
Prepared:
FRANCES NOVA B. DELA PEÑA, MBA
Teacher III
Checked:
JEWELL C. CASTILLO
Academic Coordinator
Noted by:
Republic of the Philippines
Department of Education
Region IVA-CALABARZON
DON JOSE INTEGRATED HIGH SCHOOL
Diagnostic Examination-FABM2
ALVIN D. STA. MARIA, Ed.D
Principal I
ANSWER KEY- DIAGNOSTIC EXAMINATION FABM 2
50) 600,000
-400,000
200,000
x25%
50000
30,000
80,000
ANSWER KEY- DIAGNOSTIC EXAMINATION FABM 2
1. TRUE
2. FALSE
3. TRUE
4. TRUE
5. FALSE hard
6. TRUE
7. TRUE
8. TRUE
9. TRUE hard
10. FALSE utilities expense
11. FALSE single proprietorship
12. FALSE corporation
13. TRUE
14. TRUE hard
15. TRUE
16. TRUE
17. TRUE
18. FALSE Horizontal analysis
19. FALSE current period and the preceeding period or periods.
20. TRUE
21. a. journal
22. a. general ledger
23. a. DEBIT
24. b. CREDIT
25,26
b. Equipment 750,000
Cash
27. b. DEBIT
28. c. savings account
29. c. Current and checking
30. c. Combo account
31. d. payee
32. d. Bank Statement
33. d. Bank reconciliation
34. a. Bank balance
35. b. Book balance
36. b. outstanding checks
37 journalizing
38 posting
39 trial balance
40 adjusting
41 financial statements
42 closing
43 post closing trial balance
44-47 INVESTORS
EMPLOYEES
LENDERS
SUPPLIERS
MANAGEMENT
CUSTOMER
PUBLIC
GOVERNMENT AGENCIES
48 0 (zero)
49 1,000.00 hard
50 80,000.00