PAMANTASAN NG LUNGSOD NG MAYNILA

(University of the City of Manila)

PLM BUSINESS SCHOOL
Accountancy Department

DEGREE PROGRAM BACHELOR OF SCIENCE IN ACCOUNTANCY

PRE-REQUISITE/ CO-
COURSE CODE COURSE TITLE UNITS COURSE TYPE PRE-REQUISITE TO
REQUISITE

ACN1101 FINANCIAL ACCOUNTING AND REPORTING 3 Lecture --

This course provides a reinforcement of basic accounting, within the context of business and business decisions. Students obtain additional knowledge of
the principles and concepts of accounting as well as their application that will enable them to appreciate the production of accounting data. Emphasis is
placed on understanding the reasons underlying basic accounting concepts and providing students with an adequate background on the recording of
COURSE DESCRIPTION
transactions, their classifications and reporting function of accounting in a service and trading concern through the preparation of Statement of Financial
Position, Income Statement, Statement of Changes in Equity, and Cash Flow Statement. Exposure through the use of practice set, either manual or
computerized system in recording and reporting transactions for service or trading firms a requirement in this course.

UNIVERSITY VISION

The Pamantasan ng Lungsod ng Maynila shall be the premier people’s university pursuing public interest and national development.

UNIVERSITY MISSION

The Pamantasan ng Lungsod ng Maynila shall form critical-minded and service-oriented leaders and innovators in various disciplines through accessible and relevant quality
education, transformative institutional research and extension services, and key linkages.

CORE VALUES

The Pamantasan ng Lungsod ng Maynila shall be guided by the values of academic excellence, integrity and social responsibility, and by the principles of Karunungan, Kaunalaran and Kadakilaan.

GOALS AND KEY RESULT AREAS

 “RAISE PLM”
Provide Relevant Quality Tertiary Education
Generate Augmented Resources
Sustain Institutionalized Research and Extension
Deliver Service to the Public
Advance Employee, Faculty and Student Welfare
Promote Public Interest
Establish Linkages and Partnerships
Optimize Management of Resources

PROGRAM EDUCATIONAL OBJECTIVES

Graduates of BS Accountancy Program are expected to:

1. Be highly competent in financial accounting, cost accounting, management accounting, government and non-profit accounting, auditing theories and applications,
management advisory services, tax accounting and forensic accounting as manifested in their involvement in their professional knowledge, skills, values, ethics and
attitudes that enable them to continue to learn and adapt to change throughout their professional lives.
2. Demonstrate analytical thinking and problem solving skills
3. Be successful in pursuing employment in commerce and industry; pubic practice; government and education sectors.

PROGRAM OUTCOMES

A graduate of the Bachelor of Science in Accountancy (BSA) program must attain:

a. Demonstrate working knowledge in the areas of financial accounting and reporting, cost accounting and management, management accounting, auditing, accounting
information systems and accounting research.
b. Demonstrate self-confidence in performing functions as a professional accountant.
c. Employ technology as a business tool in capturing financial and non-financial information, preparing reports and making decisions.
d. Apply acquired knowledge and skills to pass professional licensure/certification examinations.
e. Appraise ethical problems/issues in practical business and accounting situations and recommend appropriate course of action that adheres to the professional code of ethics.
f. Competent to support national, regional and local development plans.

2 | PLM BS / Accountancy/ FAR

 General Topics No. Of Learning Objectives Topics for Discussion Methodology Assessment/ Supplementary
Hours Evaluation Resources
The learners shall be able to:

Week 1 Power point

a. Express ones thought about the Course Orientation
3 hours presentation
course Assignment: Microsoft Teams
1. Syllabus
b. Know the structure and MS Form Class List
requirement of the course. 2. Class Policy Interactive Zoom
c. Be familiar on the roundabout Discussion
3. LMS ( Microsoft teams
of the learning management
and Zoom)
systems (LMS) of PLM.

a. Describe the nature and

purpose of accounting.
b. Give examples of branches of Enabling Activities:
accounting. Power point
Poll/Self-
c. State the function of accounting presentation
Assessment
in a business.
You tube:
d. Differentiate between external 1. Nature of Accounting
Weeks and internal users of accounting 2. History of Accounting Accounting History
2-3 information. Main Task:
The Nature of 3. Business Environment
e. Trace the historical background Interactive
Accounting and 6 hours 4. Accounting Concept and Power Point
of accounting. Discussion Quiz
its Environment Principles Presentation:
f. State the forms of business
organization
g. State the types of business Reinforcement
according to their activities. Task:
h. Explain the varied accounting Group Work/
concepts and principles. Case study Practice set
i. Solve exercises on accounting
principles as applied in various
cases.

3 | PLM BS / Accountancy/ FAR

 General Topics No. Of Learning Objectives Topics for Discussion Methodology Assessment/ Supplementary
Hours Evaluation Resources
The learners shall be able to:

a. Illustrate the accounting

equation.
b. Perform operations involving
simple cases with the use of
accounting equation.
c. Discuss the five major
accounts. Power point
d. Cite examples of each type of presentation Enabling Activities:
account. Poll/Self-
e. Prepare a Chart of Accounts. 1. Accounting Equation Assessment
f. Illustrate the format of general 2. Types of Major Accounts You tube:
Weeks and special journals. 3. Book of accounts and
Accounting g. Illustrate the format of general Interactive Main Task:
4-6 double entry system
Equation and and subsidiary ledgers. Discussion
9 hours 4. Business transaction and Quiz
double entry h. Describe the nature and give Power Point
their analysis
System examples of business Presentation:
5. Posting to the ledger
transactions.
i. Identify the different types of Reinforcement
business documents. Group Work/ Task:
j. Analyze common business Case study
transactions using the rules of Practice set
debit and credit.
k. Post transactions in the ledger
l. Prepare the unadjusted trial
balance.

Payroll and other a. Prepare payroll sheet and Enabling Activities: You tube:
1. Payroll/Payroll sheet
selected Weeks record salaries, wages and Power point
2. Acquisition cost of properties Poll/Self-
Business 7-8 payroll liabilities. presentation
3. Sale of Assets Assessment
b. Compute and record business
4. Owner’s Investment and

4 | PLM BS / Accountancy/ FAR

 General Topics No. Of Learning Objectives Topics for Discussion Methodology Assessment/ Supplementary
Hours Evaluation Resources
The learners shall be able to:

taxes. Main Task:

c. Compute and record interest Interactive
/non-interest bearing notes. withdrawals Discussion Quiz
6 hours 5. Interest and non-interest Power Point
Transaction d. Record owner’s investment and
bearing notes. Presentation:
withdrawal of properties.
e. Record acquisition, use and 6. Taxes and registration fees
Reinforcement
disposal of properties. Task:
Group Work/
Case study Practice set

MIDTERM WEEK

Power point Enabling Activities:

presentation Poll/Self-
Assessment
a. Enumerate the common end-of- You tube:
Weeks period adjustments. 1. Adjusting Entries
Completing the 10-12 b. Prepare adjusting entries. 2. Financial statements Main Task:
Accounting Cycle Interactive
c. Prepare Worksheet 3. Closing entries Quiz
(Service Discussion Power Point
d. Prepare Financial Statements 4. Reversing entries
Provider) 12 hours e. Prepare closing entries Presentation:
f. Prepare Reversing entries
Reinforcement
Task:
Group Work/
Case study Practice set

Week a. Describe the nature of 1. Merchandising transactions Power point

Accounting Cycle
13-15 transactions in a merchandising 2. Journal, Cash book and presentation Enabling Activities: You tube:
of a
business. Special Journals
merchandising Poll/Self-

5 | PLM BS / Accountancy/ FAR

 General Topics No. Of Learning Objectives Topics for Discussion Methodology Assessment/ Supplementary
Hours Evaluation Resources
The learners shall be able to:
Assessment
b. Record transactions of a
merchandising business in the
general and special journals. Interactive Main Task:
3. Adjusting and closing entries
c. Post transactions in the general Discussion
4. Post closing Trial balance, Quiz
and subsidiary ledgers. Power Point
business 9 hours Worksheet
d. Prepare adjusting entries. Presentation:
5. Financial Statements and
e. Prepare Worksheet
Financial Analysis
f. Prepare Financial Statements Reinforcement
g. Prepare closing entries Group Work/ Task:
h. Prepare Reversing entries Case study
Practice set
Power point
presentation Enabling Activities:
a. Explain why statement of cash Poll/Self-
flows is important. Assessment
b. Identify the cash activities as You tube:
operating, investing or financing.
1. Major business activities Interactive Main Task:
Reporting Cash c. Compute cash flows from
2. Direct and Indirect method Discussion
Flow operating activities using direct Quiz
3. Statement of cash flows Power Point
method and indirect method.
d. Compute cash flows from Presentation:
investing and finacing activities.
e. Prepare statement of cash flows. Reinforcement
Group Work/ Task:
Case study
Practice set

FINAL EXAMINATION WEEK

6 | PLM BS / Accountancy/ FAR

 COURSE ASSESSMENT Quizzes 25%
Recitation/Poll/Self-Assessment 15
Assignment 5
Attendance/Behavior 5
Practice Set 10
Midterm Examination 20
Final Examination 20
100%

Transmutation:
98 - 100 1.00 83 – 85 2.25
95 – 97 1.25 80 – 82 2.50
92 – 94 1.50 77 – 79 2.75
89 – 91 1.75 75 – 76 3.00
86 – 88 2.00 Below 75 5.00

TEXTBOOK/ REFERENCES
1. The Accounting Process by Manuel, Zenaida
2. Financial Accounting and Reporting by Millan
3. Basic Accounting, by Valencia
4. Accounting by Warren and Reeve
5. Fundamentals of Accountancy, Business, and Management 1 by Flocer Lao Ong
6. Principles of accounting by Jerry Weygandt, Keryn Chalmers, Lorena Mitrione, Michelle Fyfe, Susana Yeun, Donald Kieso,
Paul Kimmel

Attested by: _______________________________

Librarian

CLASS POLICY 1. Don't share your password with anyone. Change your password if you think someone else might know it.
2. Always log out when you are finished using the system.
3. Students must contribute to the online discussions. ALL students should be logged in.
4. ALL assignments should be submitted by a specific due date. Late submission will not be accepted regardless of the reason.
5. Derogatory and sarcastic comments and jokes that marginalize anyone are fundamentally unacceptable.
6. Criticism must be constructive, well-meaning, and well-articulated.
7. All content and materials are copyrighted. Unauthorized use and sharing are strictly prohibited.
8. Always give proper credit when referencing or quoting another source. Avoid plagiarism.

7 | PLM BS / Accountancy/ FAR

 9. Do not send confidential information via e-mail.
10. Sign your message with your name and return e-mail address
11. Make posts that are on topic and within the scope of the course material.
12. Avoid using the caps lock feature AS IT CAN BE INTERPRETTED AS YELLING.

COURSE CODE/ TITLE EFFECTIVITY DATE REVISION DATE PREPARED BY REVIEWED BY APPROVED BY NUMBER OF
(Faculty) (Dept Chair) (Acting Dean) PAGES
1st Semester
ACN1101 July 27 ,2020 Prof Jenely S. Almirol Prof. Josephine P. Yopo Dean Bernard Letrero 8
2023 – 2024

8 | PLM BS / Accountancy/ FAR