Bactng1 Syllabus Ub

SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
General Luna Road, Baguio City Philippines 2600

UB VISION
In pursuit of perfection, the University of Baguio is committed to provide balanced quality education by nurturing academic excellence, relevant social
skills and ethical values in a fun-learning environment.
UB MISSION
The University of Baguio educates individuals to be empowered professionals in a global community.
INSTITUTIONAL OBJECTIVES
The University of Baguio aims to produce a graduate who:
1. exemplifies a higher standard of learning;
2. manifests the mastery of relevant skills;
3. upholds a conduct that is rightful and just;
4. undertakes scientific and significant researches;
5. advocates sustainable programs for the community and the environment; and
6. leads and demonstrates exemplary performance in the field of specialization.
UB CORE VALUES
COMPETENCE + INTEGRITY = SERVICE
COMPETENCE University of Baguio is committed to nurturing excellent professionals.

INTEGRITY University of Baguio is committed to cultivating a community with ethical values.
SERVICE University of Baguio is dedicated to building a community that advocates sustainable programs for the society and the environment.
Course Number:
Course Description:
BACTNG1; 6 units
INTRODUCTORY ACCOUNTING
Effectivity: 1st Semester, SY 2014-2015
Date Revised: June 30, 2014
Page 1 of 19
SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

General Luna Road, Baguio City Philippines 2600
SCHOOLMISSION
The University of Baguio educates individuals to be empowered professionals in a global community. The School of Business Administration and Accountancy edifies competitive and
morally upright individuals.
SCHOOL OBJECTIVES
The School of Business Administration and Accountancy aims to produce a graduate who:
1. cultivates the knowledge that is imperative for success in globalized setting;
2. displays expertise appropriate to the profession;
3. typifies professional integrity with humility;
4. undertakes researches to promote systematic bases for business decisions;
5. utilizes macro-environmental acumen for economic growth and development; and
6. exhibits commendable accomplishments in business and accountancy.
PROGRAM OBJECTIVES:
The Bachelor of Science in Accountancy Program aims to produce a graduate who:
P1. applies accounting knowledge to meet the demands of the business community;
P2. demonstrates high proficiency in the practice of the profession;
P3. conforms with the highest degree of ethical standards;
P4. employs researches to elevate professional knowledge and skills in sound business decisions;
P5. satisfies the demands of a dynamic industry for a better community;
P6. Typifies excellences in the practice of the accounting profession.
The Bachelor of Science in Business Administration and program aims to produce a graduate who:
1. fosters the highest level of competence in the chosen career;
2. performs the requisite skills in the various business disciplines;
3. makes morally upright choices I dealing with ethical dilemmas;
4. undertakes significant researches employed in crafting of relevant business decisions;
5. takes personal initiative and responsibility through participation in community related activities and;
6. contributes to successful business ventures by creditable work performance.
Course Number:
Course Description:
BACTNG1; 6 units
Page 2 of 19
CORE VALUES:
1. Professional Ethics
2. Integrity
3. Objectivity and Independence
4. Professional Competence and Due Care
5. Confidentiality
6. Professional Behavior
7. Fairness
8. Transparency
9. Accountability
10. Hard Work
11. Honesty
12. Patience
13. Diligence
14. Innovativeness
15. Risk-taking
1. Program Learning Outcomes (PLO) vis a vis Program Objectives

PROGRAM
OBJECTIVES
P3
P4
P5
Program Learning Outcomes

P1
O1.
O2.
O3.
O4.
O5.
O6.
O7.
O8.
Students graduate to become professionals imbued with high moral/ ethical standards.
Graduates are highly competitive with their acquired knowledge, skills and values in the practice of their profession.
Graduates are confident of their academic and industry preparations and the entry competencies learned to tackle the rigors of the business world.
Students can carry out researches that can be utilized in the community and in the business profession.
Students recognize their responsibility and accountability as professionals and as workers in the community.
Students become aware of and strive for their physical, mental and spiritual well-being.
Students are prepared to meet the needs and demands of global employment without losing the Filipino spirit.
Students become aware of their responsibility to the environment and participate actively in environmental programs.
Course Number:
Course Description:
BACTNG1; 6 units
P2
P6
Page 3 of 19
2. Course Objectives vis-a-vis Program Learning Outcomes
Course Objectives
O1
PROGRAM OUTCOMES
O2 O3 O4 O5 O6 O7
COGNITIVE DOMAIN
C1. Discuss the key concepts of the course.
C2. Explain the importance of accounting in different business organizations.
C3. Enumerate and explain the different steps in the accounting cycle.
C4. Relate the preparation and importance of financial statements in the analysis of business operations
C5.develop a system for higher learning designed specifically in preparation for the CPA Licensure Examinations.
AFFECTIVE DOMAIN
C6. Appreciate the value of accounting to his future profession.
O8
PSYCHOMOTOR DOMAIN
C9. Prepare accounting documents and reports in good form.
C10. Solve for unknowns in accounting problems/exercises.

C11. Apply the accounting cycle in solving accounting problems.
C.12 Perform simple evaluation of service and merchandising businesses as to effectiveness of their operations.
C7. Appreciate the need for the fair and reliable reporting of assets, liabilities, owners equity, revenue and expenses as they affect the economic
decision of statement users
C8. Imbibe desirable attitudes and values in the fulfillment of course requirements.
Course Description:
This course provides an introduction to accounting, within the context of business and business decisions. Students explore the role of accounting information in the decision-making process
and learn how to use various types of accounting information found in financial statements and annual reports. This course starts with a discussion of accounting thought and the
theoretical background of accounting and the accounting profession. The next topic is the accounting cycle for service and merchandising concerns recording, handling, and
summarizing accounting data, including the preparation and presentation of financial statements for merchandizing and service companies. Emphasis is placed on understanding the
reasons underlying basic accounting concepts and providing students with an adequate background on the recording, classification, and summarization functions of accounting to
enable them to appreciate the varied uses of accounting data. Also discussed are special journals, the voucher system, and simple bank reconciliation.
Course Number:
Course Description:
BACTNG1; 6 units
Page 4 of 19
Pre-requisite/s
FOR BA STUDENTS: ENGLIS2,MATHEM1, PHILOS1
I.
DETAILED COURSE OUTLINE:
Session Learning
Objectives/Goals
(SLO/G)
To orient the student.
At the end of the

session the student is
expected to learn the
introduction of
accounting such as the
definition, the history,
fields, phases, basic
concepts the
accountancy
profession, the types
of business as to
nature, the forms of
business organization,
as well as the different
users of financial
information and their
information needs.
Content Topic
Course Syllabus
VMO
Seat Plan
Leveling of Expectations
1. INTRODUCTION
1.1
1.2
Development of Accounting
Accountancy in the Philippines
1.2.1 Globalization
1.2.2 Policy Developments
(www.accounting.rutgers.edu/raw)
1.2.3 Technological Developments
1.2.4 Accountancy Act of 2004
1.2.5 Scope of Practice
1.2.5.1 Public Accountancy
1.2.5.2 Commerce and Industry
1.2.5.3 Education/Academe
1.2.5.4 Government
1.2.6 The Professional Regulatory Board of
Accountancy
1.2.7 Qualifications of members of the Professional
Regulatory Board
1.2.8 The Certified Public Accountant Examination
1.2.8.1 Qualifications of Applicants
1.2.8.2 Scope
1.2.8.3 Rating in the Licensure
Examination
Course Number:
Course Description:
BACTNG1; 6 units
Outcomes
Based
Methodologies/
Strategies &
Approaches
Learning
Outcomes
Lecture/Discussio
n
Be oriented of the
VMO,
Requirements and
Grading system
Lecturediscussion,
Board exercises,
Recitations,
Group Activity
The student should

be able to define
and learn
accounting, its four
phases, fields and
history. The student
should be able to
differentiate the
different types of
business as to
nature as well as the
forms of business
organization. They
should also be able
to differentiate the
different users of
financial information
and their information
needs.
Time
Allotme
nt
1 hr
4 hrs
Values
Evaluative
Measures
Accountability
Recitation
Professional
competence
Assignments,
Research,
Case Analysis,
Quiz,
Seatworks
Page 5 of 19
Session Learning
Objectives/Goals
(SLO/G)
Content Topic
Outcomes
Based
Methodologies/
Strategies &
Approaches
Learning
Outcomes
Time
Allotme
nt
Values
1.2.8.4 Report of Ratings

1.2.8.5 Failure of Candidates to take
Refresher Course
1.2.9
Code of Ethics for Philippine CPAs
1.2.9.1 Distinguishing Characteristics of
a Profession
1.2.9.2 Basic Requirements to meet the
Objectives on the
Accountancy Profession
1.2.9.2.1
Credibility
1.2.9.2.2
Professionalism
1.2.9.2.3
Quality of Services
1.2.9.2.4
Confidence
1.2.9.3 Fundamental
Principles/Prerequisites to
Achieve the Objectives of the
Accountancy Profession
1.2.9.3.1
Objectivity
1.2.9.3.2
Professional
Competence and
Due Care
1.2.9.3.3
Confidentiality
1.2.9.3.4
Professional
Behavior
1.2.9.3.5
Technical Standards
1.2.10 The Accounting Profession
1.2.11 Professional Organization-PICPA
1.2.11.1 Objectives
1.2.12 Core Competencies for Accountants
1.2.12.1
General knowledge
1.2.12.2
Organizational and Business
Knowledge
1.2.12.3
Information Technology
Knowledge
Course Number:
Course Description:
BACTNG1; 6 units
Page 6 of 19
Evaluative
Measures
Session Learning
Objectives/Goals
(SLO/G)
Content Topic
1.3
1.4
1.5
1.6
1.7
1.8
Outcomes
Based
Methodologies/
Strategies &
Approaches
Learning
Outcomes
Time
Allotme
nt
Values
1.2.12.4
Accounting Knowledge
1.2.12.5
Skills
1.2.12.6
Values
1.2.13 Business Ethics
1.2.14 International Accounting Standards
Specialized Accounting Services
1.3.1 Auditing
1.3.2 Cost Accounting
1.3.3 Financial Accounting
1.3.4 Internal Auditing
1.3.5 Government Accounting
1.3.6 Tax Accounting
1.3.7 Management Consulting
1.3.8 International Accounting
Forms of Business Organization
1.4.1 Sole Proprietorship
1.4.2 Partnership
1.4.3 Corporation
1.4.4 Cooperative
Activities Performed by Business Organizations
1.5.1 Service concern
1.5.2 Merchandizing
1.5.3 Manufacturing
1.5.4 Agriculture
Definition of Accounting
1.6.1 Phases of Accounting
1.6.1.1 Recording
1.6.1.2 Classifying
1.6.1.3 Summarizing
1.6.1.4 Interpreting
Bookkeeping and Accounting
Fundamental Concepts
1.8.1 Entity Concept
1.8.2 Periodicity Concept
Course Number:
Course Description:
BACTNG1; 6 units
Page 7 of 19
Evaluative
Measures
Session Learning
Objectives/Goals
(SLO/G)
Content Topic
1.9
At the end of the

session the student
should be able to learn
and differentiate the
accounting elements
and to correctly identify
and analyze business
transactions of a
service business of a
sole proprietorship
form of business
organization.
At the end of the

session, the student
the different steps in
Learning
Outcomes
Time
Allotme
nt
Values
Evaluative
Measures
1.8.3 Stable Monetary Unit Concept

Users and their Information Needs
1.9.1
Investors/ Owner
1.9.2
Employers / Labor Union
1.9.3
Lenders
1.9.4
Suppliers and other trade creditors
1.9.5
Customers
1.9.6
Government and their Agencies
1.9.7
Public
2. THE ACCOUNTING EQUATION AND

THE DOUBLE ENTRY SYSTEM
Accounting Information System
2.1
Elements of Financial Statements
2.1.1 Real Accounts
2.1.2 Nominal Accounts
2.2
The Account
2.2.1 Account Definition
2.2.2 Typical Account titles Used
2.3
The Accounting Equation
2.4
The Double Entry System-Debits and Credits
2.5
The Rules of Debit and Credit
2.6
Accounting Events and Transactions
2.7
Effects of Transactions
2.8
Typical Account Titles Used
2.9
Analyzing Business Transactions
2.9.1 Use of Financial Transaction Worksheet
2.9.2 Use of T-Account
3. ACCOUNTING FOR A SERVICE BUSINESS
3.1
Outcomes
Based
Methodologies/
Strategies &
Approaches
Introduction of the Accounting Cycle

3.1.1 Identifying transactions to be recorded
Course Number:
Course Description:
BACTNG1; 6 units
Lecturediscussion,
Board exercises,
Recitations,
Group Activity
The student should

be able to correctly
classify the different
accounting elements
and to properly
identify and analyze
business
transactions of a
services business.
6 hrs
Objectivity
Board work,
Assignments,
Quiz, Seat
work, Case
analysis
Lecturediscussion,
Recitations
The student should

be able to learn the
different steps in the
accounting cycle.
2 hrs
Accountability
Quiz,
Assignments
Page 8 of 19
Session Learning
Objectives/Goals
(SLO/G)
Content Topic
the accounting cycle.
Learning
Outcomes
Time
Allotme
nt
Values
Evaluative
Measures
Accountability
Board work,
Assignments,
Quiz, Seat
work
3.1.2
Journalizing of transactions in the general

journal
3.1.3 Posting of journal entries in the general
ledger/T-Accounts
3.1.4 Trial Balance preparation
3.1.5 Journalizing adjusting entries
3.1.6 Worksheet preparation
3.1.7 Financial statements preparation
(Web site: com.profile/income/sales)
3.1.8 Closing entries
3.1.9 Preparation of the Post Closing Trial
Balance
3.1.10 Preparation of the Reversing
Entries
3.2
Transaction Analysis
3.2.1
At the end of the

should be able to
properly and
accurately analyze and
journalize business
transactions of a
service business.
Outcomes
Based
Methodologies/
Strategies &
Approaches
3.2.2
3.2.3
3.2.4
3.3
Identifying the transactions from the

source documents
Indicate the accountseither assets,
liabilities, equity, income or expense
affected by the transaction
Ascertain whether the account is
increased or decreased by the
transaction
Using the rules of debit and credit
Lecturediscussion,
Board exercises,
Recitations,
Group Activity
The student should

be able to properly
and accurately
analyze and
journalize business
transactions of a
service business.
6 hrs
Journalizing Transactions
3.3.1 Journalizing-definition
3.3.2 The Journal
3.3.3 Contents of the General Journal
3.3.4 Types of Journal Entries
3.3.4.1 Simple Entry
Course Number:
Course Description:
BACTNG1; 6 units
Page 9 of 19
Session Learning
Objectives/Goals
(SLO/G)
Content Topic
Outcomes
Based
Methodologies/
Strategies &
Approaches
Learning
Outcomes
Time
Allotme
nt
Values
Evaluative
Measures
Accountability
Board work,
Assignments,
Quiz, Seat
work
Accountability
Board work,
Assignments,
Quiz, Seat
work
Accountability
Board work,
Assignments,
Quiz, Seat
work
3.3.4.2 Compound Entry

3.4
3.4.1
3.4.2
3.4.3
At the end of the

should be able to
properly and
accurately post in the
ledger/T-Accounts the
journal entries of
business transactions
of a service business.
At the end of the

should be able to
properly and
accurately prepare the
trial balance of a
service business.
At the end of the
should be able to
properly and
6-column worksheet
and unadjusted
Posting
3.4.4
3.4.5
3.4.6
3.4.7
3.4.8
3.5
Posting-definition
The Ledger-definition
Types of Ledger
3.4.3.1 General Ledger
3.4.3.2 Subsidiary Ledger
Type of Accounts in the General Ledger
3.4.4.1 Permanent Accounts
3.4.4.2 Temporary Accounts
Procedures in posting journal entries to
ledger
Chart of Accounts
Normal Balance of an Account
Ledger Accounts After Posting
3.4.8.1 Footing
3.4.8.2 Account Balance
Trial Balance
3.5.1 Definition
3.5.2 Procedures in Preparing the Trial Balance
3.5.2 Locating Errors
3.6 Preparing the Worksheet

3.6.1 6-column worksheet
3.7 Preparation of Financial Statements
3.7.1 Statement of Recognized Income
and Expenses
3.7.2 Statements of Changes in Owners
Equity
Course Number:
Course Description:
BACTNG1; 6 units
Lecturediscussion,
Board exercises,
Recitations,
Group Activity
The student should

be able to properly
and accurately post
in the ledger/TAccounts the journal
entries of business
transactions of a
service business.
Lecturediscussion,
Board exercises,
Recitations,
Group Activity
The student should

be able to properly
and accurately
prepare the trial
balance of a service
business.
Lecturediscussion,
Board exercises,
Recitations,
Group Activity
The student should

be able to properly
and accurately
prepare the 6column worksheet
and unadjusted
financial statements
3 hrs
3 hrs
6 hrs
Page 10 of 19
Session Learning
Objectives/Goals
(SLO/G)
financial statements of
a service business.
Content Topic
3.7.3
Outcomes
Based
Methodologies/
Strategies &
Approaches
Statement of Financial Position
Learning
Outcomes
At the end of the

should be able to
properly and
10-clomn worksheet.
At the end of the
3.12 Preparation of Financial Statements
Course Number:
Course Description:
BACTNG1; 6 units
Evaluative
Measures
Accountability
Board work,
Assignments,
Quiz, Seat
work
3 hrs
2 hrs
3.10 Adjusting the Accounts

3.10.1 Periodicity Concept
3.10.2 Revenue Recognition Principle
3.10.3 Expense Recognition Principle
3.10.4 The Need for Adjustments
3.10.5 Deferrals and Accruals
3.10.5.1 Deferrals
3.10.5.1.1 Prepaid
Expense
3.10.5.1.2 Precollected
Income
3.10.5.3 Depreciation
3.10.5.2 Accruals
3.10.5.2.1 Accrued
Expense
3.10.5.2.2 Accrued
Income
3.10.5.2.3 Provision for
Bad Debts
3.10.6 Effects of Omitting Adjustments
3.11 Worksheet with Adjusting Entries
Values
of a service
business.
FIRST GRADING EXAMINATION

Common Exam
Part II
At the end of the

should be able to
properly and
necessary adjusting
entries.
Time
Allotme
nt
Lecturediscussion,
Board exercises,
Recitations,
problem solving,
Group Activity
The student should

be able to properly
and accurately
prepare the
necessary adjusting
entries.
Lecturediscussion,
Board exercises,
Recitations,
problem solving
The student should

be able to properly
and accurately
prepare the 10clomn worksheet.
6 hrs
Accountability
Board work,
Assignments,
Quiz, Seat
work
Lecture-
The student should
9 hrs
Accountability
Board work,
12 hrs
Page 11 of 19
Session Learning
Objectives/Goals
(SLO/G)
should be able to
properly and
financial statements, to
prepare the closing
entries, post-closing
trial balance and the
reversing entries of a
service business.
At the end of the
should be able to
properly apply GAAP
in the preparation of
financial statements.
At the end of the

should be able to
properly follow and
apply the framework
for the preparation of
Content Topic
3.13 Closing Entries

3.14 Post-Closing Trial Balance
3.15 Reversing Entries
4.0 GENERALLY ACCEPTED ACCOUNTING

PRINCIPLES
4.1 Definition
4.2 Criteria for General Acceptance of an
Accounting Principle
4.3 Generally Accepted Accounting
Principles
5.0 FRAMEWORK FOR THE PREPARATION AND
PRESENTATION OF FINANCIAL STATEMENTS
5.1 Underlying Assumptions
5.1.1 Accrual Basis
5.1.2 Going Concern
5.2 Qualitative Characteristics of Financial
Statements
1.2.1 Threshold Quality materiality
1.2.2
Relating to Content
1.2.3
Relating to Presentation
5.3 Constraints on Relevant and Reliable
Information
Outcomes
Based
Methodologies/
Strategies &
Approaches
discussion,
Board exercises,
Recitations,
problem solving
Learning
Outcomes
Course Description:
BACTNG1; 6 units
Values
be able to properly
and accurately
prepare the financial
statements, to
prepare the closing
entries, post-closing
trial balance and the
reversing entries of
a service business.
Evaluative
Measures
Assignments,
Quiz, Seat
work
Lecturediscussion,
Recitations
The student should

be able to properly
apply GAAP in the
preparation of
1 hr
Objectivity
Assignments,
Quiz
Lecturediscussion,
Recitations,
Group activity
The student should

be able to properly
follow and apply the
framework for the
preparation of
2 hrs
Objectivity
Assignments,
Quiz, Case
analysis
MIDTERM EXAMINATION
Common Exam
Course Number:
Time
Allotme
nt
3 hrs
2 hrs
Page 12 of 19
Session Learning
Objectives/Goals
(SLO/G)
At the end of the

should be able to
compare service
business from
merchandising
business and to learn
the documents being
used in a
merchandising
business.
At the end of the

should be able to
differentiate the two
inventory system as
well as the different
terms of trading
transactions.
At the end of the

should be able to
Content Topic
Part II
6.0 ACCOUNTING FOR A MERCHANDISING
BUSINESS
6.1 Comparison of Income Statements
Between Service and Merchandising
6.2 Operating Cycle of a Merchandising
Business
6.3 Source Documents
6.3.1 Sales Invoice
6.3.2 Bill of Lading
6.3.3 Statement of Account
6.3.4 Official Receipt
6.3.5 Deposit Slips
6.3.6 Check
6.3.7 Purchase Requisitions
6.3.8 Purchase order
6.3.9 Receiving Report
6.3.10 Credit Memorandum
6.4
Inventory System
6.5
6.4.4 Periodic Inventory System

6.4.5 Perpetual Inventory System
Terms of Transactions
6.5.4 Trade Discounts
6.5.5 Cash Discounts
6.5.5.1.1
Purchase Discount
6.5.5.1.2
Sales Discount
6.5.6 Credit Term
6.5.7 Discount Period
6.6 Transportation Cost

6.6.1 Transportation In/Freight In
Course Number:
Course Description:
BACTNG1; 6 units
Outcomes
Based
Methodologies/
Strategies &
Approaches
Learning
Outcomes
Time
Allotme
nt
Values
Evaluative
Measures
Objectivity
Assignments,
Quiz, Seat
work
Lecturediscussion,
Recitations
The student should

be able to compare
service business
from merchandising
business and to
learn the documents
being used in a
merchandising
business.
Lecturediscussion,
Board exercises,
Recitations,
problem solving
The student should

be able to
differentiate the two
inventory system as
well as the different
terms of trading
transactions.
3 hrs
Accountability
Board work,
Assignments,
Quiz, Seat
work
Lecturediscussion,
Board exercises,
The student should

be able to determine
the owner of goods
2 hrs
Transparency &
Accountability
Quiz,
Assignments,
Board work,
3 hrs
Page 13 of 19
Session Learning
Objectives/Goals
(SLO/G)
determine the owner of
goods in transit based
on term of the
sale/purchase and to
determine the person
who is liable to pay the
freight cost and who
actually paid it.
At the end of the

should be able to
properly and
accurately analyze and
journalize business
transactions of a
merchandising
business.
The student should be
able to compute
correctly the net sales,
gross profit, cost of
sales and the profit or
loss for the given
period.
At the end of the

should be able to
Content Topic
6.6.2 Transportation Out/Freight Out

6.6.3 FOB Shipping Point
6.6.4 FOB Destination
6.6.5 Freight Prepaid
6.6.6 Freight Collect
6.6.7 Determination of Ownership of
Merchandise
6.7 Accounting Procedures for
Purchase/Merchandising Transactions
6.7.1 Net Sales
6.7.1.1 Gross Sales
6.7.1.2 Sales Returns and Allowances
6.7.1.3 Sales Discounts
6.7.2 Cost of Goods Sold
6.7.2.1 Merchandise Inventory,
Beginning
6.7.2.2 Purchases
6.7.2.3 Purchase Returns and
Allowances
6.7.2.4 Purchase Discounts
6.7.2.5 Freight In
6.7.2.6 Goods Available for Sale
6.7.2.7 Merchandise Inventory, End
6.7.3 Gross Profit
6.7.4 Expenses
6.7.5 Net Income / Net Loss
6.7.6 Other Income
6.7.7 Finance Cost
6.7.8 Need for Physical count
6.7.9 Merchandise Inventory Valuation
6.8 Worksheet
6.9 Adjusting Entries
Course Number:
Course Description:
BACTNG1; 6 units
Outcomes
Based
Methodologies/
Strategies &
Approaches
Recitations,
problem solving,
Group Activity
Learning
Outcomes
Time
Allotme
nt
Values
in transit based on
term of the
sale/purchase and
to determine the
person who is liable
to pay the freight
cost and who
actually paid it.
Evaluative
Measures
seatwork,
Recitation
Lecturediscussion,
Board exercises,
Recitations,
problem solving,
Group Activity
She student should

be able to properly
and accurately
analyze and
journalize business
transactions of a
merchandising
business. He/She
should be able to
compute correctly
the net sales, gross
profit, cost of sales
and the profit or loss
for the given period.
9 hrs
Accountability
Quiz,
Assignments,
Board work,
seatwork,
Recitation
Lecturediscussion,
Board exercises,
The student should

be able to properly
and accurately
8 hrs
Accountability
Quiz,
Assignments,
Board work,
Page 14 of 19
Session Learning
Objectives/Goals
(SLO/G)
properly and
adjusting entries, the
10-column worksheet,
and the financial
statements of a
merchandising
business. The student
should also be able to
prepare the closing
entries, the postclosing trial balance
and the reversing
entries of a
merchandising
business.
At the end of the

should be able to use
properly the special
journals in recording
business transactions
especially those of a
merchandising
business.
Content Topic
6.10 Financial Statements

6.11 Closing Entries
6.12 Post-Closing Trial Balance
Case Analysis:
Purchase Discounts and
Accounts Payable
th
(Source: Accounting Chapters1-11, 21 edition,
page280, Activity 6-2)
7.0 SPECIAL JOURNALS

7.1 Control Accounts and Subsidiary
Ledgers
1.2
Special Journals
(www.greatplains.com/accounting/productinfo
.asp)
7.2.1 Advantages of Using Special Journals
7.2.2 Types of Special Journals
7.2.2.1 Sales Journals
7.2.2.2 Cash Receipts Journal
7.2.2.3 Purchases Journal
7.2.2.4 Cash Disbursements
Journal
7.3 General Journal
7.4 Proving the Ledgers
7.5 Flexibility of Special-Purpose Journals
Group Activity:
Outcomes
Based
Methodologies/
Strategies &
Approaches
Recitations,
problem solving,
Group Activity
Lecturediscussion,
Board exercises,
Recitations,
problem solving,
Group Activity
Learning
Outcomes
Time
Allotme
nt
Values
prepare the
adjusting entries, the
10-column
worksheet, and the
financial statements
of a merchandising
business. He/She
should also be able
to prepare the
closing entries, the
post-closing trial
balance and the
reversing entries of
a merchandising
business.
The student should

be able to use
properly the special
journals in recording
business
transactions
especially those of a
merchandising
business.
seatwork,
Recitation,
Case analysis
3 hrs
Accountability
Manual vs Computerized
Course Number:
Course Description:
BACTNG1; 6 units
Evaluative
Measures
Page 15 of 19
Quiz,
Assignments,
Board work,
seatwork,
Recitation.
Case analysis
Session Learning
Objectives/Goals
(SLO/G)
At the end of the

the basic concepts of
the voucher system.
At the end of the

the nature, valuation
and classification of
cash.
Content Topic
Accounting System
(Source: Accounting Chapter1-11, Edition 21, Activity
5-3, page 227)
Ethical Dilemma: Ethics and Professional Conduct in
Business
(Source: Accounting Chapter1-11, Edition 21, Activity
4-1 page 178)
8.0 VOUCHER SYSTEM
8.1 Voucher
8.2 Voucher Register
8.3 Unpaid Voucher Files
8.4 Check Voucher Files
8.5 Paid Voucher Files
8.6 Special Problems in a Voucher System
9.0 CASH
9.1 Nature, Valuation and Classification
9.2 Internal Control Over Cash
9.3 Petty Cash Fund (Imprest Method)
9.4 Checking Account/Current Account
9.5 Preparing the Bank Reconciliation
Statement (Adjusted Balance Method)
Outcomes
Based
Methodologies/
Strategies &
Approaches
Learning
Outcomes
Lecturediscussion,
Recitations
The student should

basic concepts of
the voucher system.
Lecturediscussion,
Recitations
The student should

nature, valuation
and classification of
cash.
FINAL EXAMINATION
Common Exam
Part II
Total Hours
Time
Allotme
nt
2 hrs
2 hrs
Values
Evaluative
Measures
Transparency &
Accountability
Quiz,
Assignments,
Seatwork,
Recitation.
Accountability
Quiz,
Assignments,
Seatwork,
Recitation.
3 hrs
2 hrs
108
TOTAL:
108
HRS
II.
GRADING SYSTEM:
Course Number:
Course Description:
BACTNG1; 6 units
Page 16 of 19
For Professional Board Examination Subjects: the cut-off score is 70%. The highest possible grade is ninety-nine (99); the lowest passing grade is seventy-five (75); and the lowest failing grade
is sixty-five (65). Grade requirement for Accountancy Students: At least 85
First grading Class standing = 70 % ; Exam = 30 %
Midterms
Class standing = 60 % ; Exam = 40 %
( Tentative Midterm Grade x 2 + First Grading ) / 3 = Midterm Grade
Finals
Class standing = 50 % ; Exam = 50 %
( Tentative Final Grade x 2 + Midterm Grade ) / 3 = Final grade
TEXTBOOK:
Ballada, Win Lu and Ballada, Susan (2014). Basic Accounting. Manila: Dom Dane Publishers and Made Easy Bookstore.
REFERENCES:
A dictionary of accounting Oxford: Oxford University Press, c2010.
Cabrera, Ma. Elenita Balatbat. (2009). Fundamentals of accounting. Manila: GI.
Doupnik, Thimothy. (2012). International accounting. 3rd ed. New York: Mc Graw Hill.
Edmonds, Olds,et.al. (2010) Fundamental Financial and Managerial Accounting Concepts 2007 Edition. McGraw Hill Companies, Inc.
Edmonds, MacNair M., et.al. (2011) Fundamental Financial Accounting Concepts 4th Edition, New York.
th
Jagels, Martin G., et.al. (2010) Hospitality Management Accounting, 9 Edition. John Wiley & Sons, Inc.
Guenther, David (2010) Financial Reporting and Analysis. Boston: McGraw Hill Companies, Inc.
Lopez, Rafael M. Jr. (2012) Fundamentals of Accounting 2012 Millennium Edition. MS Lopez Printing & Publishing.
Mowen, Maryanne M. (2011). Introduction to accounting. Auatralia: Cengage.
Reeve, James M. (2012). Principles of accounting 24th ed. Australia: Cengage.
Valencia, Edwin (2013) Basic Accounting, Baguio City: Valencia Educational Supply.
Valix, Conrado T. (c2013). Financial accounting. 2010 rev. ed. Manila: GIC.
Course Number:
Course Description:
BACTNG1; 6 units
Page 17 of 19
Valix, Conrado T. (c2013). Theory of accounts. 2010 rev. ed. Manila: GIC.
st
Warren, Reeve et.al. (2011) Accounting 21 Edition. Thomson Asian Publishing.

Weygandt, Kieso, et.al., (2011) Hospitality Financial of Accounting, John Wiley & Sons, Inc.
www.careers-in-accounting.com
www.accounting.rutgers.edu.raw
com.profile/income/sales
www.greatplains.com/accounting/productinfo.asp
http://www.iasplus.com/
http://www.investopedia.com/
http://www.picpa.com.ph/
http://accounting.swlearning.com
http://stice.swlearning.com
http://www.numa.com/
www.aicpa.com
www.cmsu.edu
www.fasb.org
www.hpcnet.org
www.swlearning.com
Course Number:
Course Description:
BACTNG1; 6 units
Page 18 of 19
Prepared by:
ACC/TAX/BL GROUP
Noted by:
MS. JANETH OLAT

Assigned Librarian
MR. RHAD VIC F. ESTOQUE, MBA, CPA

Program Chair, Accountancy
Approved by:
DR. KAREEN B. LEON, CPA

Dean UB SBAA
Course Number:
Course Description:
BACTNG1; 6 units
Page 19 of 19

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SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

General Luna Road, Baguio City Philippines 2600

COMPETENCE University of Baguio is committed to nurturing excellent professionals.

Effectivity: 1st Semester, SY 2014-2015

Date Revised: June 30, 2014

SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY

Effectivity: 1st Semester, SY 2014-2015

Date Revised: June 30, 2014

1. Program Learning Outcomes (PLO) vis a vis Program Objectives

Program Learning Outcomes

Effectivity: 1st Semester, SY 2014-2015

Date Revised: June 30, 2014

2. Course Objectives vis-a-vis Program Learning Outcomes

C2. Explain the importance of accounting in different business organizations.

C10. Solve for unknowns in accounting problems/exercises.

Effectivity: 1st Semester, SY 2014-2015

Date Revised: June 30, 2014

DETAILED COURSE OUTLINE:

To orient the student.

At the end of the

The student should

Effectivity: 1st Semester, SY 2014-2015

Date Revised: June 30, 2014

1.2.8.4 Report of Ratings

Effectivity: 1st Semester, SY 2014-2015

Date Revised: June 30, 2014

Effectivity: 1st Semester, SY 2014-2015

Date Revised: June 30, 2014

At the end of the

At the end of the

1.8.3 Stable Monetary Unit Concept

2. THE ACCOUNTING EQUATION AND

Introduction of the Accounting Cycle

The student should

The student should

Effectivity: 1st Semester, SY 2014-2015

Date Revised: June 30, 2014

the accounting cycle.

Journalizing of transactions in the general

At the end of the

Identifying the transactions from the

The student should

Effectivity: 1st Semester, SY 2014-2015

Date Revised: June 30, 2014

3.3.4.2 Compound Entry

At the end of the

At the end of the

3.6 Preparing the Worksheet

The student should

The student should

The student should

Effectivity: 1st Semester, SY 2014-2015

Date Revised: June 30, 2014

Statement of Financial Position

At the end of the

3.12 Preparation of Financial Statements

3.10 Adjusting the Accounts

FIRST GRADING EXAMINATION

At the end of the

The student should

The student should

The student should

Effectivity: 1st Semester, SY 2014-2015

Date Revised: June 30, 2014