RIZAL TECHNOLOGICAL UNIVERSITY

Boni Avenue, Mandaluyong City

COURSE PLAN
Accounting 1 (Wed)
nd
2 Semester SY 2011-2012

Prof. Elizabeth E. Salvador

DATE
3 hours/ TOPICS ACTIVITIES
Session
Nov. 16  RTU Philosophy, Mission, Vision, CBET Mission,  Lecture
Vision and objectives  Discussion
 General orientation on class decorum  Recitation
 Overview of the Subject Syllabi and grading system

Nov. 23 The Basic Accounting Environment

 Accounting defined  Lecture
 Accounting and Business, its motives and roles  Discussion of assigned
 Forms of business organizations exercises and problems
 Types of business activities  Graded Recitation
 Stakeholders of accounting information  Assignment
 Financial Statements  Quiz
Fundamental concerns in Accounting
 The Changing Business Environment
 The Accountant of the 21st Century
 Career Fields in Accounting
 Regulatory bodies, Accountancy Act of 2004
 International Accounting Standards

Dec. 7 Starting up a Business  Lecture

 Qualitative Characteristics of accounting  Discussion of assigned
information exercises and problems
 Accounting Concepts and Principles  Board exercises
 Accounting Equation and the Statement of  Graded recitation
Financial Position  Seat Work
 Accounting Equation Illustrated Assignment
 Financial Transaction Worksheet

Dec.14  Analysis of financial transactions through the  Discussion of assigned

financial transaction worksheet exercises and problems
 Preparation of the Income statement  Board exercises
 Preparation of the Capital statement  Graded recitation
 Preparation of the Statement of Financial  Seat Work
Position  Assignment
 Quiz
Jan.4  Recapitulation of previous topics.  Discussion of assigned
 Review for the Preliminary Examination exercises and problems
 Board Exercises
Jan. 11 PRELIMINARY EXAMINATION
 Checking and evaluation of the results of the
Preliminary Exams

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Jan. 18 Determining Income Through Operation  Lecture
 Accounting Principles; Revenues; Expenses  Discussion of assigned
 Accrual principle exercises and problems
 Income Statement  Board exercises
 Capital; Statement  Graded recitation
 Statement of Financial Position  Seat Work
 Statement of Cash Flows  Assignment
 Accounting Period
 Operating Cycle

Jan. 25 & Processing Business Transactions for a Service  Lecture

Feb. 1 Provider  Discussion of assigned
 Business Papers exercises and problems
 Accounting Cycle  Board exercises
 Accounts  Graded recitation
 Chart of Accounts  Seat Work
 T-Accounts  Assignment
 Journal and preparation of journal entries  Quiz
 Ledger and Posting Procedure

Feb 8  Trial Balance and locating errors  Lecture

 Subsidiary Ledgers and the Controlling  Discussion of assigned
Accounts exercises and problems
 Combination Journal  Board exercises
 Graded recitation
 Seat Work
 Assignment
 Quiz

Feb 15  Recapitulation of previous topics.  Discussion of assigned

 Review for the Mid-term Examination exercises and problems
 Board Exercises

Feb 22 MID-TERM EXAMINATION

Checking and evaluation of the results of the
Mid-term Exams

Feb. 29 & Processing Selected Business Transactions  Lecture

March 7  Owner’s Investment and Withdrawal  Discussion of assigned
 Cash on Hand and in Bank exercises and problems
 Acquisition cost of properties  Board exercises
 Sale of assets  Graded recitation
 Interest and non-interest bearing notes  Seat Work
 Discounting of notes  Assignment
 Payroll  Quiz
 Preparation of payroll sheet
 Computation of payroll deductions

March 14 Completing the Accounting Cycle  Lecture

 Accounting Cycle Illustrated  Discussion of assigned
 Need for adjustments exercises and problems
 Accrual of Income and Expenses  Board exercises
 Deferred Revenue  Graded recitation
 Prepaid Expenses  Assignment
 Bad Debts

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  Depreciation

March 21  Worksheet  Lecture

 Adjusted Trial Balance
 Financial Statements
 Closing Entries
 Post Closing Trial Balance
 Reversing Entries
 Merchandising Accounts
 Special journal
Recapitulation of previous topics.
Review for the Final Examination
 Discussion of assigned
exercises and problems
 Board exercises
 Graded Recitation
 Seat Work
 Assignment
 Quiz

March 28 FINAL EXAMINATION

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