De La Salle University

COLLEGE: RVRCOB DEPARTMENT: ACCOUNTANCY

COURSE CODE: FDNACCT
ONLINE CLASS DAYS AND CLASS TIME: __________________________________________________
INSTRUCTOR NAME: _____________________________________________________________________
CONTACT INFORMATION: ________________________________________________________________
CONSULTATION HOURS:__________________________________________________________________

COURSE DESCRIPTION:
This course, FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT (FDNACCT), is
a foundation course that aims to provide students with better appreciation and understanding of basic accounting
concepts and principles. In addition, the course covers the steps in the accounting cycle in service and
merchandising businesses that will help students understand accounting process and eventually apply it.

LEARNING OUTCOMES (LO):

On completion of the course, the student is expected to be able to do the following:
UNIVERSITY EXPECTED LASALLIAN LEARNING OUTCOME
GRADUATE ATTRIBUTES (ELGA)
Critical and creative thinker • Prepare financial statements for a sole proprietorship
Effective communicator service business
• Prepare financial statements for a sole proprietorship
merchandising business
• Prepare group case analysis which applies theories
learned in this course

FINAL COURSE OUTPUT:

As evidence of attaining the above learning outcomes, the student is required to do and submit the following during
the indicated dates of the term.
LEARNING OUTCOME (LO) REQUIRED OUTPUT WEEK OF
COMPLETION
LO1: Prepare financial statements for a 1. At least one complete set of financial Weeks 3 to 6
sole proprietorship service business statements for a service business
LO2: Prepare financial statements for a 2. At least one complete set of financial Weeks 8 to 14
sole proprietorship merchandising statements for a merchandising
business business
LO3: Prepare group case analysis which 3. One written group case analysis Week 12
applies theories learned in this course

RUBRICS FOR ASSESSMENT:

The following are the rubrics that students will use to self-check their required output prior to submission. These
same rubrics will also be used to grade the student’s work.

Financial Statements (for Service and Merchandising Businesses)

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(97-100) (80-96) (70-79) (Below 70)
Correctness The student The student The student The student fails to
and prepares correctly prepares correctly prepares correctly prepare correctly
Completeness all financial majority of the some financial all financial
[90%] statements financial statements statements statements
Neatness and The student The student The student The student fails to
Orderliness prepares all prepares majority prepares some prepare all financial
[10%] financial of financial financial statements in good
statements in good statements in good statements in good form.
form form form
TOTAL

FDNACCT Syllabus-Full Online Page 1

Written Group Case Analysis
CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(97-100) (80-96) (70-79) (Below 70)
Content The group applies The group applies The group applies The group fails to
(Application all relevant most FDNACCT some FDNACCT apply FDNACCT
of theories) FDNACCT topics topics topics appropriately topics
[80%] appropriately appropriately appropriately
Format and The group follows The group follows The group follows The group does not
Use of required format and required format required format but follow format, uses a
English paper is free of any but paper contains paper contains mixture of Filipino
Language grammatical and minor major violations of and English language
[10%] spelling error grammatical and the English in the paper, and uses
spelling errors language the English language
inappropriately
Teamwork The group shows The group shows The group shows The group shows lack
[10%] strong teamwork as teamwork as somewhat a lack of of teamwork as
evidenced by evidenced by teamwork as evidenced by
oneness, consistent, consistent and evidenced by some inconsistencies in the
and smooth flow of smooth flow of inconsistencies in flow of ideas
ideas presented in ideas presented in the flow of ideas presented in the paper
the paper the paper presented in the
paper
TOTAL

OTHER REQUIREMENTS AND ASSESSMENTS:

Aside from the final output, the student will be assessed at other times during the term by the following:
• Long Examinations (at least 2 during the entire term)
• Exercises and Assignments (including Connect activities)
• Individual Reflection Paper
• Class participation (via threaded discussions)

FOURTH-HOUR ACTIVITIES:
• Written group case analysis
• Online research
• Online reading assignments
• Other types of assessments (e.g. Connect activities)
• Extra lecture hours
• Mentoring/consultation

Exercises and Assignments (including Connect activities)

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(97-100) (80-96) (70-79) (Below 70)
Completeness The student The student answers The student answers The student
(100%) answers all majority of the some of the assigned fails to answer
assigned exercises assigned exercises exercises completely all assigned
completely completely exercises
TOTAL

Individual Reflection Paper

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(97-100) (80-96) (70-79) (Below 70)
Content The student applies The student The student The student fails to
(Application all relevant applies most applies some apply FDNACCT
of theories) FDNACCT topics FDNACCT topics FDNACCT topics topics
[80%] appropriately appropriately appropriately appropriately
Format and The student follows The student The student The student does not
Use of required format and follows required follows required follow format, uses a
English paper is free of any format but paper format but paper mixture of Filipino
Language grammatical and contains minor contains major and English language
[20%] spelling error grammatical and violations of the in the paper, and uses
spelling errors English language the English language
inappropriately
TOTAL

FDNACCT Syllabus-Full Online Page 2

Class Participation
CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(97-100) (80-96) (70-79) (Below 70)
Relevance The student adds The student adds The student adds The student does
(100%) valuable input to input to the some input to the not add any
the discussion all discussion majority discussion a few valuable input to
of the time of the time times the discussion.
TOTAL

GRADING SYSTEM:
GRADE POINT DESCRIPTION PERCENTAGE
4.0 Excellent 97 – 100
3.5 Superior 93 – 96
3.0 Very Good 89 – 92
2.5 Good 85 – 88
2.0 Satisfactory 80 – 84
1.5 Fair 75 – 79
1.0 Passed 70 – 74
0.0 Failed Below 70

The student will be graded according to the following:

BASIS
Exercises and Assignments (including Connect activities) 40%
Long Examinations 30%
Class Participation 10%
Individual Reflection Paper 10%
Written Group Case Analysis 10%
TOTAL 100%

LEARNING PLAN:
This learning plan is best read together with the “Calendar of Activities” document.
LEARNING TOPICS WEEK SUGGESTED LEARNING
OUTCOME NO. ACTIVITIES
ORIENTATION (Syllabus, class policies, etc.) 1

Prepare 1. INTRODUCTION TO ACCOUNTING 1 Discover

financial 1. Read Chapter 1 (Price)
statements for 1.1. Introduction to accounting Accounting: The Language of
a sole 1.1.1 Definition, nature, and scope Business
proprietorship 1.1.2 Branches
service Discuss
business 1.2. Brief history of accounting 2. Synchronous classes

Prepare 1.3. Users of accounting information Demonstrate

financial 1.3.1 Internal users 3. Perform group creative
statements for 1.3.2 External users output on history of
a sole accounting
proprietorship 1.4. Forms of business organization
merchandising 1.4.1 As to ownership 4. Answer exercises
business 1.4.2 As to activity
Deepen
5. Conduct individual online
research:
(a) Provide examples of
users (with pictures) classified
into internal and external
(b) Provide examples of
business organizations (with
pictures) classified according
to ownership and activity

FDNACCT Syllabus-Full Online Page 3

Prepare 2. ACCOUNTING CONCEPTS AND PRINCIPLES 2 Discover
financial (based on IFRS Conceptual Framework) 1. Read Chapter 14 (Price)
statements for Accounting Principles and
a sole 2.1 Qualitative characteristics of useful financial Reporting Standards
proprietorship information
service 2.1.1 Fundamental qualitative characteristics Discuss
business 2.1.2 Materiality 2. Synchronous classes
2.1.3 Enhancing qualitative characteristics
Prepare Demonstrate
financial 2.2 Basic assumptions 3. Perform group creative
statements for 2.2.1 Economic entity output: Come up with
a sole 2.2.2 Monetary scenarios wherein
proprietorship 2.2.3 Time period/Periodicity of income (a) Concepts are applied
merchandising 2.2.4 Going concern (b) Concepts are violated
business
2.3 Basic principles 4. Answer exercises
2.3.1 Revenue recognition
2.3.2 Matching Deepen
2.3.3 Full disclosure 5. Read IFRS Conceptual
2.3.4 Cost Framework for Financial
Reporting
2.4 Other related concepts
2.4.1 Accrual
2.4.2 Conservatism or prudence
2.4.3 Cost/benefit
Prepare 3. FINANCIAL STATEMENTS: AN 3-5 Discover
financial OVERVIEW 1. Read Chapter 2 (Price)
statements for Analyzing Business
a sole 3.1 Statement of financial position Transactions
proprietorship 3.1.1 Forms of statement of financial position
service 3.1.2 Elements of statement of financial position 2. Read Chapter 3 (Price)
business 3.1.2.1 Asset (including inventory) Analyzing Business
3.1.2.2 Liability Transactions Using T-
Prepare 3.1.2.3 Equity Accounts
financial 3.1.3 Basic accounting equation
statements for 3. Read Chapter 24 (Price)
a sole 3.2 Statement of profit and loss and other The Statement of Cash Flows
proprietorship comprehensive income
merchandising 3.2.1 Income statement Discuss
business 3.2.1.1 Forms of income statement 4. Synchronous classes
3.2.1.2 Elements of income statement
3.2.1.2.1 Income Demonstrate
3.2.1.2.2 Expense 5. Perform class activity:
3.2.2 Statement of comprehensive income Classify accounts based on:
(overview only) (a) Financial statements
presentation
3.3 Statement of changes in equity (b) Major categories of
3.3.1 Items affecting equity account
3.3.1.1 Income and expenses
3.3.1.2 Contributions by owners 6. Answer exercises
3.3.1.3 Distributions to owners
3.3.2 Expanded accounting equation Deepen
7. Conduct group online
3.4 Statement of cash flows (direct method only) research: Provide a sample of
3.4.1 Methods in presenting cash flows a completed set of financial
3.4.2 Cash flow activities statements for a
3.4.1.1 Operating activities (a) Service business
3.4.1.2 Investing activities (b) Merchandising business
3.4.1.3 Financing activities

3.5 Preparing complete financial statements with

accompanying notes
3.5.1 For service business
3.5.2 For merchandising business

FDNACCT Syllabus-Full Online Page 4

Prepare 4. THE ACCOUNTING CYCLE 6-9 Discover
financial 1. Read Chapter 4 (Price)
statements for 4.1 Analyzing business transactions from source The General Journal and The
a sole documents General Ledger
proprietorship 4.1.1 Common business documents used
service 4.1.2 Transactions analysis 2. Read Chapter 7 (Price)
business Accounting for Sales and
4.2 Journalizing business transactions Accounts Receivable
Prepare 4.2.1 Types of journal
financial 4.2.1.1 General journal 3. Read Chapter 8 (Price)
statements for 4.2.1.2 Special journals (overview) Accounting for Purchases and
a sole 4.2.1.2.1 Cash receipts journal Accounts Payable
proprietorship 4.2.1.2.2 Cash disbursements or
merchandising Cash payments journal 4. Read Chapter 16 (Price)
business 4.2.1.2.3 Sales journal Notes Payable and Notes
4.2.1.2.4 Purchases journal Receivable
Prepare group 4.2.2 Explain concepts of debit, credit, and
case analysis normal balance sides 5. Read Appendix (Price)
which applies 4.2.3 Recording basic transactions Sample General Ledger
theories 4.2.3.1 Owner’s investment Accounts
learned in this 4.2.3.2 Owner’s withdrawal of asset
course 4.2.3.3 Generation of revenue 6. Read Appendix (Price)
4.2.3.3.1 Service rendered Rules of Debit and Credit
4.2.3.3.2 Sale of merchandise
4.2.3.4 Incurrence of operating expense Discuss
4.2.3.5 Receipt of cash 7. Synchronous classes
4.2.3.5.1 Service rendered
4.2.3.5.2 Sale of merchandise Demonstrate
4.2.3.5.3 Collection of account 8. Perform class activity:
and note Classify which journal specific
4.2.3.6 Payment of cash transaction is to be recorded in
4.2.3.6.1 Payment of expense
4.2.3.6.2 Payment of account 9. Answer exercises
and note
4.2.3.7 Non-collection and non-payment Deepen
of note 10. Perform individual online
4.2.4 Recording transactions specific to research:
merchandising business (periodic system only) (a) Collect two samples each
4.2.4.1 Types of inventory system of five (5) common business
4.2.4.2 Purchase of merchandise documents for service and
4.2.4.3 Recording freight transactions merchandising businesses
4.2.4.3.1 FOB shipping point (maybe actual document or
4.2.4.3.2 FOB destination point printed from resources)
4.2.4.4 Collection and payment of account (b) Then organize documents
within discount period specifying document type and
source (if applicable)
4.3 Posting to the general ledger
4.3.1 Types of ledger 11. Conduct group online
4.3.1.1 General ledger research: Provide a sample of
4.3.1.2 Running-balance-type ledger (e.g. (a) General journal
subsidiary ledger) (b) Special journals
4.3.2 Posting from journal to ledger (c) General ledger
(d) Subsidiary ledger
4.4 Preparing a trial balance
12. LONG EXAM #1 (Units 1
to 4.1 of syllabus, focused on
service-type business)

FDNACCT Syllabus-Full Online Page 5

 4.5 Preparing financial statements
4.5.1 For a service business
4.5.1.1 Natural-form income statement
4.5.1.2 Statement of changes in equity
4.5.1.3 Report-form statement of
financial position
4.5.1.4 Direct method statement of cash
flows
4.5.2 For a merchandising business
4.5.2.1 Functional-form income statement
4.5.2.2 Statement of changes in equity
4.5.2.3 Report-form statement of
financial position
4.5.2.4 Direct method statement of cash
flows
4.6 Journalizing and posting adjusting entries
4.6.1 Accruals
4.6.1.1 Accrued income
4.6.1.2 Accrued expense
4.6.2 Deferrals
4.6.2.1 Pre-payments (asset method)
4.6.2.2 Pre-collection (liability method)
4.6.3 Depreciation (straight-line method only)
4.6.4 Doubtful accounts (allowance method)
4.6.5 Merchandise inventory
10 Independent Learning:
1. Review previous lessons in
FDNACCT
2. Browse financial statements
template – service business
3. Browse financial statements
template – merchandising
business
11-12 Discover
1. Read Chapter 5 (Price)
Adjustments and the
Worksheet
2. Read Chapter 12 (Price)
Accruals, Deferrals and the
Worksheet
3. Read Chapter 18 Section 1
(Price): Acquisition and
Depreciation

4. Read Chapter 15 Section 1

(Price): The Allowance
Method of Accounting for
Uncollectible Accounts

Discuss
5. Synchronous classes

Demonstrate
6. Answer exercises

Deepen
7. INDIVIDUAL
REFLECTION PAPER

4.7 Preparing a 10-column work sheet (overview) 13-14 Discover

4.8 Journalizing and posting closing entries 1. Read Chapter 6 (Price)
4.9 Preparing a post-closing trial balance Closing Entries and
4.10 Journalizing and posting reversing entries Postclosing Trial Balance

2. Read Chapter 13 (Price)

Financial Statements and
Closing Procedures

Discuss
3. Independent learning on
Week 13

4. Consultation (in lieu of

synchronous classes)

Demonstrate
5. Answer exercises

FDNACCT Syllabus-Full Online Page 6

 Deepen
6. LONG EXAM #2 (Unit 4
of syllabus, focused on
merchandising-type business)

7. WRITTEN GROUP
CASE ANALYSIS

REFERENCES:
IFRS Foundation (2018, March). Conceptual Framework for Financial Reporting.
Manalo, M. (2016). Learning to Succeed in Business with Accounting Volume 2. Phoenix Publishing.
Price, J., Haddock, M., & Farina, M., (2021). College Accounting, 16th edition. McGraw-Hill Education.
(TEXT: electronic copy; please refer to powerpoint presentation on how to register a Connect account)
Rabo, J., Salendrez, H., & Tugas, F. (2016). Fundamentals of Accountancy, Business and Management 1.
Vibal Group, Inc.
*Any online resources/links will be provided in AnimoSpace.

DEPARTMENT/CLASS POLICIES:
1. This course is a prerequisite to ACTBFAR for BSA students and ACCCOB1 for non-BSA students.
2. A minimum of two (2) long examinations is required in this course. Each long examination is a minimum of
75 points, with total minimum of 150 points. Should there be more than two exams, there will be no
cancellation of the lowest quiz or such other policy.
3. The class participation shall consist of the following: (1) active participation in class; (2) attendance; and (3)
good manners and right conduct [netiquette].
4. A total of 105 hours for a 3-unit course is the recommended work load of students.
5. A week of every 3-unit course will have 7.5 hours of both synchronous and asynchronous learning activity for
the students. Please refer to the Calendar of Activities file for the types of activities.
6. AnimoSpace is the learning management system to be used in the conduct of online classes. McGraw-Hill
Connect is to be used for reading and practical assignments (please refer to the powerpoint presentation file on
McGraw-Hill Connect registration and payment instructions for more information).
7. It is the student’s responsibility to be mindful of his/her absences/tardiness and performance in the online class.
8. Instructions on how to submit assignment/activities and what kinds of documents will be accepted are included
when assignments/activities are set-up in AnimoSpace.
9. Specific class policies on attendance, make-up quizzes, academic honesty, grading system, dress code, the use
of other electronic gadgets and eating during online synchronous learning activities, the minimum number of
postings per week in discussions thread and any standards for quality of participation, and others not mentioned
above, are to be discussed by the faculty member on the first day of online classes.
10. Properly observe the online learning decorum from the AnimoSpace Manual which can be found in your
AnimoSpace account, including the netiquettes reiterated below:
a. Treating other users with respect. Remember that you are talking with human beings behind the screen.
b. Always using your professors’ proper title. Unless specifically invited, do not refer to them by first name.
c. Reading all messages in a discussion thread before replying so as not to repeat someone else’s post without
adding something of your own to it
d. Using clear and concise language with correct spelling and grammar
e. Keeping discussion posts brief but thorough, on topic and within the scope of the course material
f. Reviewing your posts before sending to ensure you are avoiding slang terms, texting abbreviations and
caps lock
g. Being open minded of other’s opinions even when they differ from your own
h. Muting your microphone in a conference if it is not your time to talk in order to minimize background
sound
i. Sending private messages to individuals instead of flooding the public chat

October 15, 2020

Prepared by: Approved by:

JOY S. RABO DR. JOY LYNN R. LEGASPI DR. EMILINA R. SARREAL

Coordinator Chair, Accountancy Department Dean, RVRCOB
FDNACCT Syllabus-Full Online Page 7