CAMARINES SUR POLYTECHNIC COLLEGES

Nabua, Camarines Sur

nd
2 Semester AY 2020-2021

BUHI CAMPUS

ACCOUNTING PRINCIPLES
Course Syllabus

Instructor:

Name: Remee Angeline L. Rabusa, CPA, CTT

Position: Instructor I
Phone: 09176374881
Email: rabusacpa.11@gmail.com

Course Information:

Credit Hours: 3
Subject Code: ELEC 111
Day: Thursday
Time: 9:00- 12:00 (BSOA1A)
1:00-2:30, 3:00- 4:30 (BSOA1B)
Location: Online

Course Description:
This is the first course in accounting. The course begins with the definition of accounting, types of
accounting, basic concepts of accounting and covers basic accounting topics such as accounting cycle;
accounts hierarchy (account classes, account groups, accounts, subsidiary accounts); journal entries
related to sales, purchases, collections, payments, and expenses; posting; accounting of value added tax;
payroll accounting; accounting of current assets (except inventories that will be covered in the subsequent
course); trial balance, preparation of financial statements, and closing/opening entries.

COURSE LEARNING OBJECTIVES

This course will help to develop analytic problem solving and ethical decision-making skills.
To that end, after completing this course, the student will be able to:
1. Define and explain the relationship among the basic accounting concepts of assets,
liabilities, stockholder’s equity, income and expenses.
2. Prepare basic financial statements (balance sheet, income statement, and statement of
cash flow).
3. Explain the relationship among the financial statements.
4. Explain the accounting equation.
5. Explain the rules of the double-entry accounting system.
6. Record basic economic transactions for assets, liabilities, stockholder’s equity.
 CAMARINES SUR POLYTECHNIC COLLEGES
Nabua, Camarines Sur
nd
2 Semester AY 2020-2021

BUHI CAMPUS

Methodology:
The course will employ blended learning, i.e. modular and recitation/online classes via Google Meet,
as primary method of instruction to develop the students’ power of analysis, reasoning, and facility
of expression.

Course Outline:

I. Accounting and financial reporting overview

a. Course coverage, objectives and format
b. Legal and functional forms of business organization
c. Conceptual framework of accounting and financial reporting
1. Basic accounting concepts, principles, terminologies
2. Financial reporting rules (PAS, PRFS, IAS, IFRS)
d. Exercises
II. The accounting process
a. Essential components
1. Chart of accounts
2. Transaction media
3. Books of accounts
4. Financial statements
b. Double entry bookkeeping
c. The accounting cycle
d. The accounting process: Exercises and practical application
1. Transaction analysis
2. Journal entries
3. Ledger posting
4. Trial balance
5. Adjusting entries
6. Financial statement preparation
7. Closing entries
III. Basic financial statement analysis
a. Understanding financial statements: Format, contents, uses, limitations, variations
b. Critical information
c. Illustrative review of balance sheet, income statement and cash flow statement (as time
permits)
 CAMARINES SUR POLYTECHNIC COLLEGES
Nabua, Camarines Sur
nd
2 Semester AY 2020-2021

BUHI CAMPUS

COURSE REQUIREMENTS AND GRADING SYSTEM

Course Requirements/ Grade Description

Assessment Breakdown

Class Recitation, including participation 30% Graded recitations, Class Activities

in other class activities and assignments

Mid-Term Exam 30% Written examination

Final Exam 30% Written examination

Attendance and Class Standing 10% Attendance during online classes

CAMARINES SUR POLYTECHNIC COLLEGES
Nabua, Camarines Sur
nd
2 Semester AY 2020-2021

BUHI CAMPUS