Competency-Based Learning

Materials

Sector : HEALTH, SOCIAL AND OTHER COMMUNITY

DEVELOPMENT SERVICES

Qualification Title: Bookkeeping NC III

Unit of Competency: PREPARE FINANCIAL REPORTS

Module Title: PREPARING FINANCIAL REPORTS FOR SINGLE

PROPRIETORSHIP

SKILLS MASTERY INSTITUTE

Jacinto Tan Bldg, Capistrano St, Cagayan de Oro, 9000
Misamis Oriental, Philippines
 BOOKKEEPING NC III
COMPETENCY-BASED LEARNING MATERIALS

List of Competencies

No. Unit of Competency Module Title Code

Journalize Journalizing HCS412301

1.
transactions transactions

HCS412302
2. Post transactions Posting transactions

HCS412303
3. Prepare trial balance Preparing trial balance

Prepare financial Preparing financial

HCS412304
4.
reports reports

Review internal control Reviewing internal

HCS412305
5.
system control system
 MODULE CONTENT

UNIT OF COMPETENCY PREPARE FINANCIAL REPORTS

MODULE TITLE PREPARING FINANCIAL REPORTS FOR

SINGLE PROPRIETORSHIP

MODULE DESCRIPTOR: This module covers the knowledge, skills, and

attitudes in preparing financial reports manually for Single
Proprietorship.

NOMINAL DURATION: 24 hours

LEARNING OUTCOMES:
At the end of this module you MUST be able to:
1. Prepare financial statements
2. Analyze financial statements

ASSESSMENT CRITERIA:
1. Income statement is prepared in accordance with generally accepted
accounting principles/Philippine Financial Reporting
Standards/Philippine Financial Reporting Standards
2. Statement of Changes in Equity is prepared in accordance with
generally accepted accounting principles/Philippine Financial
Reporting Standards/Philippine Financial Reporting Standards
 3. Balance Sheet is prepared in accordance with generally accepted
accounting principles/Philippine Financial Reporting
Standards/Philippine Financial Reporting Standards
4. Statement of Cash Flow is prepared in accordance with generally
accepted accounting principles/Philippine Financial Reporting
Standards/Philippine Financial Reporting Standards
5. Financial Statements are analyzed in accordance with prescribed
format.
6. Report on financial analysis is prepared in accordance with industry
requirements.

LEARNING OUTCOME NO. 1

Prepare financial statements

Contents:

1. Financial Statements for Single Proprietorship

Assessment Criteria

1. Income statement is prepared in accordance with generally accepted

accounting principles/Philippine Financial Reporting
Standards/Philippine Financial Reporting Standards
2. Statement of Changes in Equity is prepared in accordance with
generally accepted accounting principles/Philippine Financial
Reporting Standards/Philippine Financial Reporting Standards
3. Balance Sheet is prepared in accordance with generally accepted
accounting principles/Philippine Financial Reporting
Standards/Philippine Financial Reporting Standards
4. Statement of Cash Flow is prepared in accordance with generally
accepted accounting principles/Philippine Financial Reporting
Standards/Philippine Financial Reporting Standards

Conditions

The participants will have access to:

 1. Calculator
2. Paper
3. Learning Materials
4. Pencil
5. Eraser
6. Ruler
7. Worksheet
Assessment Method:

1. Written test
2. Practical/performance test

Learning Experiences

Learning Outcome 1

(LO TITLE)

Learning Activities Special Instructions