FABM

QUARTER1MODULE1

St
atementoff
inanci
alposi
ti
on(
FSP)

Pr
ajunaRomer
o

ABM -12Rousseau

 WhatIknow

1. C 6.B

2. D 7.D

3. B 8.D

4. A 9.D

5. A 10.C

Act
ivi
ty1.
1.1Pr
epar
eaper
sonalSFP
Pr
ocessi
ngQuest
ions:

1.Howmuchi
syourequi
ty?P-
25,
000.
00

2.Doyouhavegr
eat
erasset
sthany
ourl
iabi
li
ti
es?Orv
icev
ersa?Ihav
egr
eat
erl
iabi
li
ti
est
han
myassets.

3.Ther
emi
ghtbesomecasesy
ourcomput
ati
oni
szer
oorev
en

negat
ive.Thi
smeanst
haty
ourl
iabi
li
ti
est
oyourf
ri
ends,
rel
ati
ves

and/
orpar
ent
sar
ehi
ghert
hany
ourasset
s.

4.I
nbusi
ness,
hav
ingmor
easset
sdoesnotmeant
hatt
hebusi
nessi
s

ear
ningbutusual
lycompani
eshav
easset
sthatar
ebi
ggert
han

t
hei
rli
abi
li
ti
es.

5.Ref
lectont
hei
mpor
tanceofhav
ingaper
sonalst
atementoff
inanci
alposi
ti
on
Indi
vi
dualscantrackhowtheirf
inanci
alheal
thi
mpr
ovesordet
eri
orat
esov
ert
imebykeepi
ng
anupdatedpersonalfi
nanci
alst
atement.

What
'smor
e

Act
ivi
ty1.
1.2Cl
assi
fyme
WhatIHav
eLear
ned
Act
ivi
ty1.
1.3Fi
llmeup
Answer
s:
1.Php176,
000.
00
2.Php30,
000.
00
3.Php165,
000.
00
4.Cur
rentasset
s:Php600,
000.
00
Cur
rentasset
s:Pho60,
000.
00
5.Account
sRecei
vabl
e:Php50,
000.
00
6.Noncur
rentl
iabi
li
ti
es:Php190,
000.
00

 WhatICanDo
Act
ivi
ty1.
1.4CanYouSol
vet
hePr
obl
em

Repor
tFor
m
AccountFor
m

Act
ivi
ty1.
1.5Choosi
ngt
heRi
ghtOne

1.C 6.B
2.D 7.D
3.B 8.D
4.A 9.D
5. A 10.C