Accountancy, Business and Management

(ABM)
-an academic strand that focuses on
accounting or business concepts that leads to
employment, entrepreneurship, or higher
education.
FUNDAMENTALS OF ACCOUNTANCY,
BUSINESS AND MANAGEMENT I
1. Introduction to Accounting
- Definition of Accounting
- Function of Accounting and Business
- History of Accounting
Why do we need to do Accounting?
2. Branches of Accounting
- Financial Accounting
- Management Accounting
- Cost Accounting
3. Users of Accounting Information
Users
 -internal
-external
4. Forms of Business Organizations
- Sole Proprietorship
- Partnership
- Corporative
- Cooperative

5, Types of Business According to Activities

Sole Proprietorship, Partnership,
Corporative, Cooperative (Business Orgs.) can
enter:
- Service type of business
- Merchandising
- Manufacturing
6. Accounting Concepts and Principles
7. The Accounting Equation
- Assets= Liabilities + Capital (analyze
this equation)
8. Types of Major Accounts
Elements of financial statements
- Assets
- Liabilities
- Capital
- Revenue
- Expenses
9. Books of Accounts
- General Journal and General Ledger
10. Rules of Debit and Credit
(11-18 ACCOUNTING PROCESS)
11. Journalizing
12. Posting
13. Trial Balance
-classification and Summarization of
Accounts
14. Adjusting Entries
15. Worksheet
16. Financial Statements
17. Closing Procedures
18. Reversing Entries
19. Accounting for Merchandising
Operation
20. Income Statements under
Merchandising
21. Special Journals and Subsidiary
Ledgers