Modules of Instruction

Unit of Competency: : Journalize Transaction

Modules Title : Journalizing Transaction

Certification Level : NCIII

Module Descriptor : This module covers the knowledge, skills, and attitudes
in logging/recording business transactions in an
accounting journal

Nominal Duration : 50 Hours

Pre-Requisite/s : None

Summary of Learning Outcomes

LO1. Prepare chart of accounts
LO2. Analyze documents
LO3. Prepare journal entry
 Details of Learning Outcomes :

LO1. Prepare chart of accounts

Assessment
Assessment Criteria Contents Conditions Methodologies Time
Methods
1.1 Nature of business is  Forms of Business  Workplace  Individual study  Written 8 hours
determined based on Organization  White board  Lecture/ Observe examination
client information  Types of Business  White board marker discussion  Interview/ Oral
Activities  Board eraser  Brainstorming questioning
 Definition and Function of  Projector/Laptop  Video
Bookkeeping and  PowerPoint Presentation
Accounting presentation
 CBLM
 Pen, pencils, erasers
 Papers
1.2 List of asset, liability,  Basic Accounting  Workplace  Individual study  Written 5 hours
equity, income, and Equation  White board  Lecture/ Observe examination
expense account titles  Basic Financial  White board marker discussion  Work related
are prepared in Statements and its  Board eraser  Demonstration project
accordance with Components  Projector/Laptop  Brainstorming  Interview/ Oral
industry practices  PowerPoint questioning
presentation
 CBLM
 Pen, pencils, erasers
Papers
1.3 Accounting manual is  Classifications of Chart  Workplace  Individual study  Written 10 hours
prepared in of Accounts  White board  Lecture/ Observe examination
accordance with  Accounting Policies and  White board marker discussion/  Work related
industry practice Procedures  Board eraser Brainstorming project
 Preparation of  Projector/Laptop  Demonstration  Interview/ Oral
Accounting Manual  PowerPoint questioning
presentation
 CBLM
 Pen, pencils, erasers
Papers

LO2. Analyze documents

Assessment
Assessment Criteria Contents Conditions Methodologies Time
Methods
2.1. Documents are  Types of Business  Workplace  Individual study  Written 4 hours
gathered, checked Source Documents.  White board  Lecture/ Observe examination
and verified in  White board marker discussion  Work related
accordance with  Documentation  Board eraser  Demonstration project
verification and Process  Projector  Interview/ Oral
validation processes  PowerPoint questioning
presentation
 CBLM
 Pen, pencils, erasers
Papers
 Sample blank
documents used in
business transactions.
2.2. Account titles are  Selection of Appropriate  Workplace  Individual study  Written 2 Hours
selected in Accounting Title  White board  Lecture/ Observe examination
accordance with  White board marker discussion  Interview/ Oral
standard selection  Board eraser questioning
 Processes  Workplace
 PowerPoint
presentation
 CBLM
 Pen, pencils, erasers
Papers

LO3. Prepare journal entry

Contents
Assessment Criteria Assessment
Conditions Methodologies Time
Contents Methods
3.1 Journals are prepared in  Double Entry  Workplace  Individual study  Written 9 hours
accordance system  White board  Lecture/ Observe examination
with industry practice and  Accounting  White board marker discussion  Work related
generally accepted Standards in  Board eraser  Demonstration project
accounting principles/ Recognition and  Projector  Interview/ Oral
Philippine Financial Measurement of  PowerPoint questioning
Reporting Standards for Transactions presentation
transactions and events.  Journalizing  CBLM
Business  Pen, pencils, erasers
Transactions Papers

3.2 Debit account titles are  Chart of Accounts  Workplace  Lecture/ Observe  Interview/ Oral 3 hours
determined in Presentation for  White board discussion questioning
accordance with chart of Accounts with Debit  White board marker
accounts Balances  Board eraser
 Projector
 PowerPoint
presentation
 CBLM
 Pen, pencils, erasers
Papers
3.3 Credit account titles are  Chart of Accounts  Workplace  Lecture/ Observe  Interview/ Oral 3 hours
determined in Presentation for  White board discussion questioning
accordance with chart of Accounts with  White board marker
accounts Credit Balances  Board eraser
 Projector
 PowerPoint
presentation
 CBLM
 Pen, pencils, erasers
Papers

3.4 Explanation to journal  Determining  Workplace  Lecture/ Observe  Written 3 hours

entry is prepared Appropriate  White board discussion examination
in accordance with the Explanation for  White board marker  Demonstration  Work related
nature of transaction Journal Entries  Board eraser project
 Projector  Interview/ Oral
 PowerPoint questioning
presentation
 CBLM
 Pen, pencils, erasers
Papers

3.5 Journal entries are  Verifying Journal  Workplace  Lecture/ Observe  Written 3 hours
prepared with 100% Entries Made with  White board discussion examination
accuracy Source Documents  White board marker  Work related
 Board eraser project
 Projector  Interview/ Oral
 PowerPoint questioning
presentation
 CBLM
 Pen, pencils, erasers
Papers
  Business documents
for sales, purchases
and expenses.
