Page 1 of 7

Republic of the Philippines

Northwestern Mindanao State College of Science and Technology (NMSCST)
SHOOL OF ARTS AND SCIENCES
Labuyo, Tangub City

SYLLABUS IN FUNDAMENTALS OF ACCOUNTING

Vision NMSC: A place where Science and Technology Education and Research on Indigenous Resource Works towards a more globally
competitive Higher Education Institution.

Mission The State College shall primarily offer higher professional, technical instructions for special purposes and promote research and
extension services, advanced studies and progressive leadership in education, agriculture, fishery, engineering, arts and sciences, short-
term vocational-technical and other continuing courses as may be relevant.

It shall also provide primary consideration to the integration of researches/studies in the development of the Province of Misamis
Occidental.

School of Arts and To establish a strong foundation in the fields of Humanities, Arts and Sciences for the institution.
Sciences (SAS) Goal
SAS Objectives  Ensure that the Arts and Sciences programs are Centers of Development by 2025;
 Serve as a support unit for research center on Arts and Sciences that will produce quality researches on Natural Sciences, Applied
Mathematics, Arts and Humanities;
 Serve as a support unit for Extension services in producing a positive impact on local communities through community transfer in
the domains of the college mission

COURSE INFORMATION
Course Code Course Title Type Credits
Acctg 1 Fundamentals of Accounting Lecture 3 units
 Page 2 of 7

Course Description This subject focuses on fundamental or basic concepts and principles of Accounting. It covers the complete accounting cycle from
journalizing to preparation of financial statements.

Pre-requisite None

Course Intended Learning At the end of the course, students will be able to:
Outcomes (CILO)  To have a grasp on what is accounting, its importance, the accounting process, its nature and functions;
 To have a sound knowledge and understanding with the steps in a complete accounting cycle;
 To identify the basic accounting elements;
 To have a functional understanding of the nature and significance of these basic accounting elements which are commonly found in
financial statements;
 To know the rules of debit and credit;
 To know how posting to the journals and ledgers are done as well as the preparation of trial balance; and
 To know how to prepare financial statements.

Teaching and
Week Outcomes-based
Topics Intended Learning Outcomes (ILO) Learning Resources/ References
No. Assessment Tool/s
Activities (TLA)
1 School’s VGMO,  Understand and integrate with the School’s VGMO Lecture - NMSCST Student Classroom Behaviour
Course  Comprehend and comply with the course Discussion Handbook/ Course and Performance
Requirements and requirements and classroom policies Syllabus
Classroom Policies
1-3 A. Introduction to  Understand the importance of accounting in business Lecture – Web Quiz
Accounting as well as the keeping of records Discussion Books Exercise
 Define what is accounting Oral Recitation
 Understand why accounting is considered the (Accounting Principles 1by
language of business Amelia M. Arganda,
Teresa Cardenas-Atis,
 Page 3 of 7

 Identify and understand the phases of accounting Bernardo G. Del Rosario

 Identify the users of financial statements Jr. Page 1-18)
 Know the nature of business as well as the forms of
business organizations
 Identify, analyze and measure a business transaction
(the value received and parted with)
 Identify the three accounting elements or values and
its examples
4 B. Accounting  Acquire knowledge on accounting equation and Lecture – Web Quiz
Equation understand its importance Discussion Books Exercise
 Identify sources of equities Illustrations
 Know how business transactions affect the (Accounting Principles 1by
accounting elements or values Amelia M. Arganda,
Teresa Cardenas-Atis,
Bernardo G. Del Rosario
Jr. Page 21-27)

5 C. Debit and Credit  Understand the role of T-account Lecture – Web Quiz
 Acquire knowledge on the debit and credit rules and Discussion Books Exercise
its applications Illustrations
 Identify and differentiate the types of account (Accounting Principles 1by
balances Amelia M. Arganda,
Teresa Cardenas-Atis,
Bernardo G. Del Rosario
Jr. Page 35-42)

6-9 D. Journalizing,  Understand that by knowing the source documents as Lecture – Web Quiz
Posting, Trial the first sequential step next to journalizing process, Discussion Books Exercise
Balance we would be able to determine the value received and Illustrations
value parted with, leading to the journalizing process (Accounting Principles 1by
 Gain familiarity on various account titles Amelia M. Arganda,
 Know what are the books of accounts, the need for a Teresa Cardenas-Atis,
 Page 4 of 7

Journal and a Ledger Bernardo G. Del Rosario

 Acquaint the proper use of a ledger and develop skills Jr. Page 49-117)
in the posting process
 Increase learning through complete illustrations
wherein one would be able to see the actual
journalizing and posting procedures and the
correction of an erroneous journal entry
 Prepare a trial balance and learn how to locate errors
in the trial balance
10-14 E. Adjusting  Know the reasons why adjusting entries are necessary Lecture – Web Quiz
Entries, to come-up with a correct and reliable financial Discussion Books Exercise
Adjusted Trial reporting Illustrations
Balance, 10-  Understand further the revenue and expense (Accounting Principles 1by
Column recognition principles and the periodicity concept Amelia M. Arganda,
Worksheet  See the effects on financial statements if adjusting Teresa Cardenas-Atis,
entries are not prepared and to apply the common Bernardo G. Del Rosario
procedure on systematic and rational allocation in Jr. Page 131-156)
depreciating fixed assets
 Learn and understand how the worksheet becomes a
tool in preparing the financial statements
16-18 F. Financial  Identify the two basic accounting statements Lecture – Web Quiz
Statements  Understand the relationships among the financial Discussion Books Exercise
statements Illustrations
 Identify and differentiate the forms of balance sheet (Accounting Principles 1by
and income statement Amelia M. Arganda,
 Prepare financial statements Teresa Cardenas-Atis,
Bernardo G. Del Rosario
Jr. Page 131-156)

TOTAL 54 HOURS
 Page 5 of 7

COURSE REQUIREMENTS AND CLASSROOM POLICIES

Each student is required to:
1) attend at least 80% of the class hours (i.e., at least 28 sessions)
Course Requirements 2) submit individual/group assignments/projects
3) give a presentation of topics assigned to him/her, if any; and
4) pass the major examinations

A. CLASSROOM ATTENDANCE
Classroom Policies  A total of eight (8) absences for the entire semester will be allowed. Any student who exceeds this will be declared “dropped”
even excused.
 A student is marked absent when he/she arrives beyond fifteen (15) minutes after the start of class or been absent for three (3)
instances. A student is considered “late” if he/she is not in the classroom five (5) minutes after the start of class. Students who
arrived late should sit at the back to avoid class disruptions.
 Excused absence does not absolve the student from doing the activities covered by the class during his absence. Special quizzes
and examinations shall only be given to students with excused absence. An excused absence means having any of following
reasons:
a. Sickness or/an accident, provided a medical certificate is presented;
b. Death of immediate member of the family; and
c. Unpredictable environmental conditions.
 Any student, even with the permission of the instructor, leaves the classroom while the class is going on, shall be considered
cutting classes after the lapse of fifteen (15) minutes.
 In the absence of any prior announcement from the School or Instructor, the class must wait for the teacher for thirty (30)
minutes after the indicated class schedule. Students who leave before this time shall be marked absent.

B. TESTING AND GRADING

 If classes are suspended or cancelled on the date of a scheduled exam or quiz, it is understood that the test will be given on the
following meeting.
 Quizzes could be announced or unannounced. Students are required to study for the lessons that were taught or assigned
readings for discussion.
 Four examinations, lasting 1 hour to 1 and a half hour each, will be administered with closed notes and closed books.
 Any student who missed to give class presentation, submit a work assignment or to take a test should consult the instructor for
immediate compliance. Special quizzes and examinations maybe given within one week after the scheduled test.
 Page 6 of 7

 Appeals for rechecking, if any, must therefore be done within one (1) week after results were given out.

C. CLASS GUIDELINES
 Students are highly encouraged to ask questions and contribute their insights and observations, as long as they are relevant to
the subject matter being discussed. Disruptive students shall be asked to leave the room.
 Students are expected to strictly adhere to NMSCST dress code (NMSCST Student Handbook Sec.4.1, 4.2, &4.3). If not in
compliance, the student will be asked to leave the room.
 Student shall secure the teacher’s permission to leave the classroom when necessary.
 Turn-off cellular/mobile phones or activate the silent/vibration mode to avoid disrupting the class discussion. Using laptops,
notebook PCs, smart phones, and tablets shall be prohibited unless the instructor is aware of the purpose and permits student’s
request.

D. CONTACT DETAILS AND CONSULTATIONS

Regarding consultation, students may get in touch or contact the instructor through her email address janicemae_otaza@yahoo.com
or consult her at the Office of the Vice-President for Academic Affairs, Mondays to Fridays, 4:00 p.m. – 5:00 p.m.

GRADING SYSTEM
The grading system is averaging, that is 50% from the Preliminary and CRITERIA PERCENTAGE
Midterm grade and 50% of the Semi-final and Final Grade. Examinations (Prelim, Mid-term,
40%
Semi-final, Finals)
Computation: Quizzes 30%
50/PS x SS + 50 = SG Class Participation (Reports/
Projects/ Oral Recitations/ 20%
Where: PS = Perfect score Assignments)
SS = Student Score Attendance 10%
SG = Students’ Grade TOTAL 100%
 Page 7 of 7

Prepared: Checked: Recommending Approval: Approved by:

JANICE MAE A. OTAZA, CPA DAINEL D. LINGANAY, MT MARILOU M. ABATAYO, Ph.D. WILSON C. NABUA, Ed. D.
Instructor Dean, School of Arts and Sciences Dean, School of Teacher Education Vice President for Academic Affairs