Instructor: Maryjane G.

Anacio
College Tips:

• Be committed with your course.

• Adopt a good study habit. Study in advance. Read, solve, repeat.
• Create clean notes. (Useful for Board Exam)
• Help each other at the same time be independent.
• Refrain from copying answers.
• Have an acceptance that you’ve enrolled into a challenging course.
• Enjoy your course and learning journey still.
 Grading System
Major Exams (Midterm/Finals) 40%
Class Standing
Quizzes 20%
Recitation/Participation 10%
Assignment 10%
Output (seatwork/practice sets) 15%
Attendance 5% 60%
Total 100%
Pre test:

1. The ______ represents the steps or procedures used for recording transactions and preparing the financial
statements.
2. It is a formal record where transactions are initially recorded.
3. Journal Entries are posted to ______.
4. A journal is also called_____?
5. A ledger is also called_____?
6. It is the basic storage of information in accounting.
7. What do you call the list of all accounts by an entity.
8. It is a report that shows all accounts and their corresponding balances for a period of time.
9. ___ is the left side of a T-Account and ___ is the right side of a T Account.
10. These reports are the final output of an accounting cycle.
Accounting is the art of recording, classifying and
summarizing in a significant manner and in terms of money,
transactions and events which are, in part at least, of a
financial character, and interpreting the results thereof.
Components of Accounting Information System:

1. Personnel directly involved in accounting work.

2. Accounting Policies and Standards
3. Procedures
4. Equipment and devices
5. Records and reports