THE COLLEGE OF MAASIN

Tunga-Tunga, Maasin City

ACCOUNTANCY, BUSINESS, AND MANAGEMENT

Impact of ABM-related Courses in Starting Up a Business

A Qualitative Research
Presented to the Senior High School Faculty of
THE COLLEGE OF MAASIN
Maasin City, Southern Leyte

In partial fulfillment of the requirements in

4th Pre-final Examination

By:
Albia, Jiane
Bernaldez, TZ Diane
Beslig, Vince
Javier, Shane
Rama, Kisha
Tude, Ron Carl
Yamazaki, Nami M.

ABM 11-1
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT

CHAPTER I

Rationale

In starting up a business, owners should have knowledge about the business

in order for it to be successful. This is one of the purpose of the Accountancy and
Business Management. The problem here is the impact or the effectiveness of
the Accountancy and Business Management in starting up a business. Some
students are studying ABM but how will they know if studying it is effective or not
especially since they have not yet experienced owning a business of their own.

As stated by the Curriculum Adviser of the Steering Committee on K to 12 of

the Department of Education, the Commission on Higher Education, and the
Technical Education and Skills Development Authority, Isagani Cruz (2014, June
19), the Accountancy and Business Management is one of the strands in the
Senior High School department of the K-12 program. It concentrates on the
fundamentals of accounting, business administration and other things associated
with business. The ABM strand provides courses that can give students an
advanced knowledge about the business industry. To be specific, this strand is
what a student would choose if he or she would want to have a certain
occupation that is related to business.

The objective of this study is to know the impact of studying ABM in starting
up a business in the future. This can help the students and an individual know if
the Accountancy and Business Management is beneficial for them in creating a
business in the future. Through this research, the researchers will ask an
individual who studied ABM-related courses that are starting up or owning a
business in order to identify if studying ABM had a big advantage or benefit
throughout their business journey.
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT

Statement of the Problem

This study focuses on knowing the different perspective of a businessman on

how ABM-related courses influence towards engaging a business.

More specifically, this study aims to answer this research question:

1. How does ABM-related courses gives advantages in starting up a business?

2. How do business owners use the ABM-related courses in managing a
business?
3. Why is/are ABM-related courses important in business startup and to its
development in the future?

Significance of the Study

The study can provide insights into the skills and knowledge that an
individual who studied ABM-related courses possess and how these can be
leveraged in starting up a business. This can help aspiring businessman to
understand what they can expect from an ABM education and how it can help
them succeed in the business world.

As an advantage, this strand will give enough knowledge about business

management. Some of this knowledge are the basic concepts that is needed to
be known in the field of business. It will enhance and develop the skills and
potential in an industry. Another advantage is the demand for business-related
courses as the economy keeps striving for growth. It helps to critically assess the
goal to see if it's realistic. It facilitates decision making and allows setting a time
frame by
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT

predicting when a company can achieve its goal. It also defines how to measure
performance against the set goals and whose responsibility it will be.

Moreover, the result of the study would be of great benefit to the following:

Business owners, it would be a great use for they will be given more
knowledge about how ABM-related courses can help develop a business and its
impact towards the business success in the future, especially in crucial times.

Teachers of ABM Strand , they can give more knowledge on why ABM-
related courses can help build a successful business. And they can relay the
knowledge based on the findings of the study to those who are planning to start
and build a business in the future.

Non-ABM Strand Students, they will gain knowledge that ABM-related

courses will be of great assistance in the business industry, as well as how
effective and efficient it is in business.

Future business proprietor, they will know what strand they should choose
if they want to start a business. ABM strand will help them better understand how
businesses work. And they will be equipped with the necessary skill and
knowledge needed to maintain a good business.

Future researchers, they may be provided eye-opening insights and may be

given knowledge about the impacts of ABM-related in starting and developing a
business. This study may become a proposal for them to perform a wide and in-
depth study and analysis on this topic.
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT

Review of Related Literature

Related Literature

The Accounting, Business, and Management (ABM) strand combines

creativity, quantitative application, and business knowledge to prepare
tomorrow's greatest business professionals. Students that study ABM in senior
high school will learn about financial management, business management,
corporate operations, and accounting. Students who choose this path will be
well-prepared for a variety of occupations as managers, accountants, and
business owners. Students who choose this path will be well-prepared for a
variety of occupations as managers, accountants, and business owners. These
ABM courses will provide students with the industry knowledge and skills they
need to excel in their careers and run their enterprises successfully.

The K to 12 Program includes Kindergarten and 12 years of basic education

(six years of primary education, four years of junior high school, and two years of
senior high school) to allow for adequate time for concept and skill mastery, the
development of lifelong learners, and the preparation of graduates for tertiary
education, middle-level skill development, employment, and entrepreneurship. By
Universal Kindergarten, every Filipino kid now has access to early childhood
education. Children begin school at the age of five and are provided with
resources to slowly adapt to formal education. Early childhood education
establishes the basis for lifelong learning and a child's overall development. With
continuity and consistency across all levels and courses, students gain in-depth
knowledge, skills, values, and attitudes.
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT

A business is a company or organization that engages in commercial,

industrial, or professional activity. A business's objective is to organize some type
of economic production of goods or services. Companies can be for-profit
corporations or non-profit organizations with a charity aim or a social cause. The
size and scope of businesses range from solo proprietorship to enormous
international corporations. Individuals' efforts and activities to produce and sell
goods and services for profit are also referred to as business. It is frequently
used to describe an entity that operates for commercial, industrial, or
professional interests. The concept starts with an idea and a name, and
substantial market research may be required to evaluate whether the idea can be
turned into a business.

Related Studies

According to a researcher named Daniel Joy Sael (2019), establishing a

small business while studying is just equivalent to not establishing a business
while studying. As stated in his study, both sides have advantages. It has been
stated through his study that establishing a business while studying provides an
advanced knowledge about managing a business and at the same time, it also
helps them financially in accordance to his respondents. Furthermore, this could
help the students in applying their knowledge on real life occurrences. On the
other hand, the respondents who rather have no business while studying
articulated that they just want to keep their attention on their studies and any
school-related interests.
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT

In accordance to the study of Keele (2016), the students that are studying the
Accountancy, Business and Management(ABM) strand would revolve around the
basic concepts of financial management, business management, corporate
operations, and businesses that are rationalized. Aside from that, the
Accountancy Business and Management (ABM) generate you to focus on
management and accounting that may be sales manager, human resources,
marketing director, project officer, bookkeeper, accounting clerk, internal auditor,
and many more. Meanwhile, according to USJR (2016), the ABM strand is known
to be an introductory course in Accounting Business and Management. Students
interested in this strand are taught to think analytically and are knowledgeable
with accounting business and management concepts and principles in order to
prepare them for college degrees such as accounting entrepreneurs and
business owners and so on.

The research titled "Effect of Socioeconomic Status in Choosing Accountancy,

Business and Management" aims to understand how the students'
socioeconomic position relates to one another. It specifically seeks to understand
the benefits and drawbacks of selecting the ABM strand in relation to the
socioeconomic status of the learner. According to Rea Narisma (2019), she
stated that the Socioeconomic status affected the students in achieving their
goals of pursuing their dream course or jobs in the near future. Based on the
gathered data, the socioeconomic status of the students serves as their
motivating factor to strive hard and to have a bright future. According to the
study, students needs to be informed about the benefits and drawbacks of
choosing the ABM strand. For those who plans to pursue this track, preparation
and expectation are very crucial.
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT

According to researcher Ruth Hannah Merza C. Sumido, Edmark S. Arment,

Aubrey M. Deinla, Orlan C. Tuyor, Analyn Magalso (2019), the entrepreneurship
has become an essential tool for building businesses and enhancing economic
power through employment markets and the economy as a whole. The purpose
of this study is to examine and research educational programs on
entrepreneurship as a fundamental subject, as well as to evaluate and identify its
effectiveness. Entrepreneurship education supports individuals to take up
entrepreneurship as a job while providing students with the necessary skills to be
entrepreneurs. The academic research has examined the effectiveness of
entrepreneurship education as an important subject in enhancing students'
knowledge of independent business as a job choice and establishing a focus on
entrepreneurship. The result of the study uncovers how effective the
entrepreneurship education to the students who encountered many variables and
that entrepreneurship is helpful in terms of building a business.

The research study titled “Effectiveness of 5ps as a Basis for Marketing

Strategies of Selected Grade 12 Entrepreneur ABM Students in Bestlink College
of the Philippines“ which according to Niben Zechary A. Castillo, Rose Ann D.
Larisma. Angela V. Celebrado, Cherlie P. Bansuelo, Renalyn A. Pame, Analyn
Magalso (2019). The study identifies how useful and helpful the 5ps in marketing
strategies to the customers. The knowledge learned from marketing education
meet the satisfaction of customers given from the business and it helps grow the
business. The findings of the study is to determine the needs for the school and
instructors to not just guide the students, but also to motivate and help them
pursue their education. Entrepreneur student mostly use 5ps in marketing
strategy to satisfy the customers needs and wants.
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT

Conceptual Framework

Studying ABM or
ABM-related courses

Successfulness of a
business

Impact towards the

business'
successfulness

Figure 1.1: Conceptual Framework

The figure shows the conceptual framework of the study in which there is
significant relationships between the independent variable Studying ABM or
ABM-related courses and the dependent variable Successfulness of a business.
The dependent variable is Studying ABM or ABM-related courses since this can
be affected by the independent variable which would be the Successfulness of a
business.

Definition of Terms

ABM - Accounting, Business, and Management (ABM) is a Senior High School

(SHS) strand that involves students' creativity, mathematical application, and
business sense.
Successfulness - The state or condition in which success is to be measured
and attained at a high rate.
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT
Business - refers to an innovative business or organization that engages in
professional services for profit or equity.
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT

CHAPTER II

Research Design

This study uses phenomenological approach to explore the experiences or

points of view of an individual who has taken ABM-related courses and is
establishing a business. This approach is a qualitative research design that aims
to capture the lived experiences of specific individuals and describe the
meanings of such experiences from an insider perspective, which in this case is
the experience of business owners studying ABM-related courses as part of the
business establishment process. A phenomenology aims to investigate
contextual meaning by utilizing the situational knowledge of individuals being
studied. The researchers will conduct a methodical search for business owners
who took ABM-related courses to see how useful the courses were in starting a
business.

Research Sampling

The researchers will employ quota sampling in this study. Quota sampling is a
non-probability sampling method that involves the non-random selection of a set
number or proportion of units. This sampling technique is suitable for the study
since it allows the researchers to sample a subgroup that is of particular interest
to the study. The researchers will select a minimum of ten (10) participants for
the study within Maasin City.
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT

Research Instruments

The researchers' essential data gathering tools are

questionnaires .Questionnaires are the most appropriate instrument for this
research in order to obtain the necessary data for the study. The questionnaires
will consist of the questions that the participants must answer. The questions will
be thoroughly scrutinized to ensure that they will be beneficial in gathering data
that is consistent with the study. The research tools are critical to the outcome of
this study since they will address the issue.

Data Collection Procedure

Once the researchers has decided which design and tools will be used in the
research, they can proceed in collecting data. The data will be gathered using
more specific questions that the study needed to be answered. To appropriately
collect data, the researchers ensured that they used a criterion for selecting
participants and that they were given approval from the instructor to start
collecting data from the selected individuals. The researchers would ask
permission to the selected participants, and after approval, the researchers
would then proceed on giving the questionnaires and asking for interviews to the
participants. The researchers will give questionnaires/interviews to 10
participants. In the questionnaires, clear instructions are given on how to answer
the questions. To protect the researcher, the respondents, and the data acquired,
researchers will maintain professionalism and observe the ethical considerations
in research while collecting data.
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT

Data Treatment

The researchers will use thematic analysis in this research. Thematic

analysis is a qualitative data analysis process in which it involves reading over a
set of data and finding themes by looking for the patterns in the data. The
thematic analysis will support the researcher to interpret, find themes and the
same patterns of data in the study be examined thoroughly by reading through a
gathered data. This analysis will help the researcher that aims to know the
usefulness of ABM-related courses to an individual who is establishing a
business be examined thoroughly by reading through a gathered data. This
includes a process such as familiarization is to get to know the data it involve
transcribing audio, reading through the text and taking initial notes, and looking
for the data to get familiar with it. Coding is to identify the code of the data which
means highlighting the texts. Next, we look over the codes we’ve created, identify
patterns among them, and start coming up with themes and to make sure the
themes are useful and represents the data. Once the final list of themes is done,
it’s time to name and define each of them and write the analysis of the data.
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT

References

Briones, Jomel, S. . Factors Affecting The Academic Course Choice of

Accountancy, Business and Management Students in Their Academic
Performance at Tanauan City College.
https://www.scribd.com/document/385310929/Factors-Affecting-the-Academic-
Course-Choice-of-Accountancy-Business-and-Management-Students-in-their-
Academic-Performance-at-Tanauan-City-College

Castillo, N. Z. A. ., Larisma, R. A. D. ., Celebrado, A. V. ., Bansuelo, C. P. .,

Pame, R. A. ., & Magalso, A. . (2019). Effectiveness of 5ps as a Basis for
Marketing Strategies of Selected Grade 12 Entrepreneur ABM Students in
Bestlink College of the Philippines. Ascendens Asia Singapore – Bestlink College
of the Philippines Journal of Multidisciplinary Research, 1(1). Retrieved from
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Cruz, I. (2014). Accountancy, Business, and Management

https://www.studocu.com/ph/document/colegio-de-dagupan/accountancy/
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Keele., & USJR. (2016). Accountancy, Business, and Management

https://www.scribd.com/document/385310929/Factors-Affecting-the-Academic-
Course-Choice-of-Accountancy-Business-and-Management-Students-in-their-
Academic-Performance-at-Tanauan-City-College
 THE COLLEGE OF MAASIN
Tunga-Tunga, Maasin City
ACCOUNTANCY, BUSINESS, AND MANAGEMENT

Narisma, R. (2019). Effect of Socio-Economic Status in Choosing Accountancy,

Business and Management.
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Sael, D. J.. (2019). Benefits of Having a Small Business While Taking ABM
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https://ojs.aaresearchindex.com/index.php/AAJMRA/article/view/5671

Sumido, R. H. M. C. ., Arment, E. S. ., Deinla, A. M. ., Tuyor, O. C. ., & Magalso,

A. . (2019). The Effectiveness of Entrepreneurship as Core Subject to the
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