FUNDAMENTALS OF

ACCOUNTANCY,
BUSINESS AND
MANAGEMENT 1
PREPARED BY: MARILYN C. PAPINA
DEFINITION OF ACCOUNTING
DEFINITION OF ACCOUNTING
NATURE OF ACCOUNTING

AN ART

ACCOUNTING ACTIVITY IS SYSTEMATIC THAT IT

HAS DEFINITE TECHNIQUES AND ITS PROPER
APPLICATION REQUIRES A PARTICULAR SKILL AND
EXPERTISE
NATURE OF ACCOUNTING

A PROCESS

ACCOUNTING PERFORMS SPECIFIC ACTIONS

SUCH AS IDENTIFYING, MEASURING AND
COMMUNICATING FINANCIAL INFORMATION
NATURE OF ACCOUNTING

AN INFORMATION SYSTEM

IT SERVES AS A REPOSITORY OF COLLECTED

FINANCIAL DATA.
GROUP ACTIVITY

GROUP YOURSELVES INTO 9. CHOOSE A

LEADER. EACH GROUP WILL BE GIVEN A
SPECIFIC TOPIC TO BRAINSTORM AMONG
THE GROUP AND PRESENT IT IN FRONT OF
THE CLASS.