ONE CAINTA COLLEGE

ONE
Cainta INSTITUTE OF TECHNOLOGY
College Cainta, Rizal

Course Title : FINANCIAL ACCOUNTING 1 (BOOKKEEPING NC III)

Course Code : BKKPG 1

Course Credit : 6 UNITS

Pre-Requisite :

Course Description: This course introduces record-keeping aspect of accounting and therefore provides much of the data to which accounting
principles are applied in the preparation of financial statement and other financial information. It includes accounting its nature
and significance, analysis of business transactions, complete bookkeeping cycle, merchandising accounts and special journals.

Institutional Learning Outcomes Programs Outcomes Course Objectives

1. To understand the flow of accounting
2. transactions, complete bookkeeping cycle,
3. nature of merchandising account and special
4. journal.
5. 1. Journalize business transactions of
6. various types of business
7. 2. Post transactions of various types of
8. business
9. 3. Prepare Trial Balance and Financial
Statement
4. Apply internal control system

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COURSE PLAN

Week Topic Learning Outcomes Methodology Resources Assessment

What is Bookkeeping? Lecture Competency Based Learning materials, Written Test
Week 1 Introduction of Group discussion Presentation Materials, Activity Guides Trainer assessment of group
bookkeeping Group Dynamics for homework, projects, and group discussions and dialogs
Define bookkeeping Homework and assigned dynamics, other materials as indicated
The Bookkeeper readings in the activity guide
Differences between Project method
accounting and
bookkeeping

Types of Business Organization Lecture Competency Based Learning materials, Written Test
Week 2 Group discussion Presentation Materials, Activity Guides Trainer assessment of group
Business entity for homework, projects, and group
Group Dynamics discussions and dialogs
Concept Homework and assigned dynamics, other materials as indicated
Define Sole readings in the activity guide
Proprietorship, Project method
Partnership
Advantages and
Disadvantages of Sole
Proprietorship
Partnership,
Corporation
Types of Partnership
Creating a Partnership
Terminating a
Partnership

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 Organizing a
Partnership
Different Classification
of Corporation
Kinds of Corporation
Composition of a
Corporation
Classes of Capital Stock

Accounting Equation Lecture Competency Based Learning materials, Written Test

Week 3 Group discussion Presentation Materials, Activity Guides Trainer assessment of group
Define accounting for homework, projects, and group
Group Dynamics discussions and dialogs
values Homework and assigned dynamics, other materials as indicated
Define double entry readings in the activity guide
accounting Project method
Kinds of accounting
values
Define assets,
liabilities,
proprietorship, income
and expenses
Classification of assets
and liabilities

Financial Statements Lecture Competency Based Learning materials, Written Test

Week 4 Group discussion Presentation Materials, Activity Guides Trainer assessment of group
Kinds of Financial for homework, projects, and group
Group Dynamics discussions and dialogs
Statements Homework and assigned dynamics, other materials as indicated
Definition of income readings in the activity guide
statement, balance Project method
sheet, capital
statement
Statement of Cash
flows

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 Accounting Principles
and Conventions

PRELIM EXAM
Analysis of Business Prepare chart of Lecture Competency Based Learning materials, Written Test
Week 5 Transaction accounts Group discussion Presentation Materials, Activity Guides Trainer assessment of group
Analyze Group Dynamics for homework, projects, and group discussions and dialogs
Define Business Homework and assigned dynamics, other materials as indicated Work related
documents
Transaction readings in the activity guide projects/problems
Prepare journal
Classification of Project method
entry
business Transaction Case study
Analysis of Business
transactions as to value
received/valued given
away system
Analysis of business
transactions as to the
effect on the
accounting system
Analysis of business
transactions as to
debit/credit
Complete Bookkeeping Cycle Prepare chart of Lecture Competency Based Learning materials, Written Test
Week 6 accounts Group discussion Presentation Materials, Activity Guides Trainer assessment of group
The bookkeeping cycle
Analyze Group Dynamics for homework, projects, and group discussions and dialogs
documents Homework and assigned dynamics, other materials as indicated Work related
Chart of Accounts in the activity guide
Prepare journal readings projects/problems
Two Classification of
entry Project method Learning Portfolio
Chart of Accounts
Case study
An Account
Nature of an account
Kinds of account

Journalizing

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 Definition of
Journalizing and
Journal Entry
Two kinds of Journal
Definition of General
and Special Journal
Steps in Journalizing
Posting Prepare ledger Lecture Competency Based Learning materials, Written Test
Week 7 Transfer journal Group discussion Presentation Materials, Activity Guides Trainer assessment of group
Definition of Posting for homework, projects, and group
entries Group Dynamics discussions and dialogs
and Ledger dynamics, other materials as indicated Work related
Summarize ledger Homework and assigned
Information found in T readings in the activity guide projects/problems
account, General Project method Learning Portfolio
Ledger Case study
Different kinds of
column used in T
account
Steps in Posting

MIDTERM EXAM
Week 8
The Trial Balance List account titles Lecture Competency Based Learning materials, Written Test
Week 9 and transfer Group discussion Presentation Materials, Activity Guides Trainer assessment of group
Define trial balance, for homework, projects, and group
balances from the Group Dynamics discussions and dialogs
worksheet, adjusting ledger Homework and assigned dynamics, other materials as indicated Work related
and closing entries readings in the activity guide projects/problems
Summarize trial
Preparatory steps in
balance Project method Learning Portfolio
taking the trial balance Case study
Purpose served by trial
balance
Steps involved in the
preparation of the
worksheet
Preparing and Analyzing Prepare financial Lecture Competency Based Learning materials, Written Test
Week 10 statements Group discussion Presentation Materials, Activity Guides Trainer assessment of group
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 Financial Statements
Profit and Loss
Statement (income
Statement)
Statement of changes
in Equity / Statement
of Retained Earnings
(Capital Statement)
Statement of Financial
Position
Statement of Cash Flow
Financial Analysis and
Internal Controls
Adjusting and closing book of
Week 11 account
Accounts needed to be
adjusted
Journalizing and
posting of the adjusting
and closing entries
Ruling and balance the
ledger accounts
Post-closing trial
balance
Merchandising Accounts
Week 12
Definition of
merchandising
terminologies
Discount on
merchandise, credit
terms
Analyze financial Group Dynamics for homework, projects, and group discussions and dialogs
statements Homework and assigned dynamics, other materials as indicated Work related
in the activity guide projects/problems
Check F/S for readings
policy compliance Project method Learning Portfolio
Prepare policy Case study
compliance report
Prepare journal Lecture Competency Based Learning materials, Written Test
entry Group discussion Presentation Materials, Activity Guides Trainer assessment of group
Journalize Group Dynamics for homework, projects, and group discussions and dialogs
Homework and assigned dynamics, other materials as indicated Work related
transactions
readings in the activity guide projects/problems
Prepare ledger
Project method Learning Portfolio
Transfer journal
entries Case study
Summarize ledger
Analyze Lecture Competency Based Learning materials, Written Test
transaction of Group discussion Presentation Materials, Activity Guides Trainer assessment of group
for homework, projects, and group
Merchandising Group Dynamics discussions and dialogs
Business Homework and assigned dynamics, other materials as indicated Work related
readings in the activity guide projects/problems
Prepare journal
entry Project method Learning Portfolio
Journalize Case study
transactions
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 Cost of Sale Prepare ledger
Recording of Cost of Transfer journal
Sales entries
Summarize ledger
Special Journals
Definition and uses of
all special journals
Advantages of using
Special Journal
Types of Special
Journal
Purchases and
sales of
merchandise
Trade discounts,
credit terms and
cash discounts
Purchasing and
selling procedures
Purchases
journals,
Purchases returns
and allowances
journal
Cash Receipts
journals
Recording transactions in Homework and assigned Competency Based Learning materials, Written Test
Week 13 special journals readings Presentation Materials, Activity Guides Trainer assessment of group
Project method for homework, projects, and group discussions and dialogs
Case study dynamics, other materials as indicated Work related
in the activity guide projects/problems
Learning Portfolio
Definition of subsidiary Analyze Lecture Competency Based Learning materials, Written Test
Week 14 ledgers and controlling transaction of Group discussion Presentation Materials, Activity Guides Trainer assessment of group
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 accounts Merchandising Group Dynamics for homework, projects, and group discussions and dialogs
Kinds of subsidiary Business Homework and assigned dynamics, other materials as indicated Work related
ledgers Prepare journal readings in the activity guide projects/problems
entry Project method Learning Portfolio
Journalize Case study
transactions
Prepare ledger
Transfer journal
entries
Summarize ledger

Posting in Subsidiary ledges Analyze Homework and assigned Competency Based Learning materials, Written Test
Week 15 transaction of readings Presentation Materials, Activity Guides Trainer assessment of group
Merchandising Project method for homework, projects, and group discussions and dialogs
Business Case study dynamics, other materials as indicated Work related
in the activity guide projects/problems
Prepare journal
entry Learning Portfolio
Journalize
transactions
Prepare ledger
Transfer journal
entries
Summarize ledger

Periodic and perpetual Prepare financial Lecture Competency Based Learning materials, Written Test
Week 16 Reporting statements Group discussion Presentation Materials, Activity Guides Trainer assessment of group
Analyze financial Group Dynamics for homework, projects, and group discussions and dialogs
Define Periodic Homework and assigned dynamics, other materials as indicated Work related
statements
Reporting readings in the activity guide projects/problems
Check F/S for
General procedures in
policy compliance Project method Learning Portfolio
Periodic Reporting
Prepare policy
Case study
Merchandise inventory
compliance report
adjustments
Trial Balance and
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 Worksheet
adjustments
Definition of
merchandise,
inventory, supplies,
prepaid insurance
Depreciation of Plant
Asset
Periodic and perpetual Prepare financial Lecture Competency Based Learning materials, Written Test
Week 17 Reporting statements Group discussion Presentation Materials, Activity Guides Trainer assessment of group
Analyze financial Group Dynamics for homework, projects, and group discussions and dialogs
Completing the Homework and assigned dynamics, other materials as indicated Work related
statements
worksheet readings in the activity guide projects/problems
Check F/S for
Preparation of
policy compliance Project method Learning Portfolio
Financial Statements
Prepare policy
Case study
Define Multiple step
compliance report
form of Income
Statement
Adjusting entries and
Closing entries
Post closing Trial
Balance
Reversing entries

Week 18 FINAL EXAMS

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COURSE GRADING SYSTEM

Class Standing 70%

Quizzes
Attendance
Recitation/Performance Tasks
Projects/Assignments/Seatwork/Special Report

Midterm / Final Examinations 30%

100%

Midterm Grade + Final Term Grade = FINAL GRADE

2

Prepared by: Noted by:

_______________________ MARIA REGINA R. AMORES

Committee Director, Institute of Technology

Approved by:

DR. VICTORIA C. NAVAL

President

Revised2017

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