Module Making

ROGER Z. ESTABILLO
 What is Learning Module?
• Learning Module is a tool that provides course
materials in a logical, sequential, order, guiding
students through the content and assessments.

• The content of the learning module can be

structured according to the needs of the students.
Parts of Learning Module
• Cover Page
Republic of the Philippines
TIONAL
NA

H
JACINT

IG
H SCHO
1989

AN

O
S L

Region I
DIVISION OF PANGASINAN II
SAN JACINTO NATIONAL HIGH SCHOOL
San Jacinto

A LEARNING MODULE IN
ACCOUNTING BUSINESS AND MANAGEMENT 1
“EQUILIBRIUM”
ROGER Z. ESTABILLO JR.
Teacher III
Parts of Learning Module
• Introduction Hi… I’m
Tsubibo

Hey there! How are you today? Good….?!

That’s nice!!! By the way, I’m Batibot and this
my friend Tsubibo, join us as we go into the
World of Accounting!!!

Are you ready for another time of fun and learning?!

Very Good!!!
 Parts of Learning Module
• Review Questions

Review Questions

1. What is the Basic Accounting Equation?

___________________________________________________________________________
___________________________________________________________________________
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______________________________
Parts of Learning Module
• Review Questions
2. Complete the table below by giving some examples of the listed accounts.
Assets Liabilities Equity

You may check your

answer on page 17
Parts of Learning Module
• Objectives Have you answered the review
questions?
How was it?
So are you now ready to go through
this MODULE?

At the end of this module, you should be able to:

1. define the accounting equation

2. enumerate and classify the elements of the accounting equation; and

3. solve the basic problems applying the accounting equation.

Parts of Learning Module
• Reminders
Hey guys!!! I have some tips for you
to have an outstanding performance:

REMEMBER
1. Read each pages of this module carefully.
2. Analyze each elements of accounting equation.
3. Classify the examples of each element.
4. Always check your answer at Answer Key.
Parts of Learning Module
• Pre-Test
Name(optional):____________________________________________
Section:______________
Listed below are the business transactions of an Eat All You Can Restaurant for its
first month of operations:
a. Owner invested cash in the business amounting to Php 500 000.
b. The owner purchased equipment for cash amounting to Php 75 000.
c. The owner purchased the needed inventories through credit amounting to Php 45 000.
d. The owner purchased furniture amounting to Php 30 000. He paid the half price of the
furniture in cash and incurred an accounts payable for the balance.
e. The owner paid cash to the local government for the business permit amounting to
Php 10 000.
f. The Restaurant made sales of Php 25 000. Php 15 000 is under cash basis and the
remaining is credit sales.
g. Collected Php 5 000 of the credit sales in (f)
h. The owner paid the accounts payable in (d)
i. Paid the salary of employee amounting to Php 10 000
j. Collected Php 5 000 of the credit sales in (f)
Indicate the effects of the given transaction on each of the financial statement elements in
the table.
Parts of Learning Module
• Motivations
Did you answer all of the transactions?

What is your score?

If you got a perfect score you are Excellent!!!

You may now continue this module…

If you got a low score don’t you worry because we will learn more about the
accounting equations…

Let’s get it on…

Parts of Learning Module
• Discussion Proper

Let us also note that each elements of

the equation have different elements
involved.

Let’s us now classify the different

business transactions on each of
the financial statement elements
given below.
Parts of Learning Module
• Discussion Proper
1. Mang Cardo is known for making of quality and affordable furniture. As such, he
started opening a furniture business. He invested a cash amounting to Php 250 000.

Asset = Liabilities + Equity

Cash Owner’s Capital

(1) +250 000 (1) +250 000

Take note the dual effect of the transactions. Notice that the
transaction affected at least two accounts. In this case, the
transaction had effect on the asset and equity accounts.
Parts of Learning Module
• Discussion Proper
Asset = Liabilities + Equity

Cash Owner’s Capital

(1) +250 000 (1) +250 000

The invested Php 250 000 is recorded in assets

under Cash and in Equity as the Owner’s Capital.
Parts of Learning Module
• Discussion Proper
2. Mang Cardo purchased equipment for cash amounting to Php
50 000.
Asset = Liabilities + Equity
Cash Equipment Owner’s Capital
250 000 250 000
(2) -50 000 (2) +50 000
200 000 50 000 250 000
250 000 250 000

The total amount of assets did not change. There

was merely a transfer of accounts from cash to
equipment. As such, the right side of equation
remains constant since it was not affected at all
the transactions.
 Parts of Learning Module
• Discussion Proper
3. Mang Cardo purchased the needed inventories through credit amounting to
Php 40 000.
Asset = Liabilities + Equity
Cash Equipment Inventories Accounts Payable Owner’s Capital
200 000 50 000 (3) +40 000 (3) +40 000 250 000

200 000 50 000 40 000 40 000 250 000

290 000 290 000

Note: Purchasing through credit means through a

payable or in Filipino, UTANG. As such, notice the
transaction increase the liabilities portion of the
equation.

Incured payable enables Mang Cardo to earn new assets in the

form of Inventories.
Parts of Learning Module
• Discussion Proper
4. Mang Cardo paid cash to the local government for the business permit
amounting to Php 5 000
Asset = Liabilities + Equity
Cash Equipment Inventories Accounts Owner’s Capital Expenses
200 000 50 000 40 000 Payable 250 000
(4) -5 000 40 000 (4) -5 000
195 000 50 000 40 000 40 000 250 000 -5 000
285 000 285 000

Business permit is considered as one of the

business expenses. The transaction
affected the two parts of equation: the
assets and equity portion.
 Parts of Learning Module
• Discussion Proper
5. The Furniture business made sales of Php 35 000. Php 30 000 is under cash basis
and the remaining Php 5 000 is credit sales.
Asset = Liabilities + Equity
Cash Account Equipmen Inventorie Accounts Owner’s Revenues Expenses
195 000 Receivable t s Payable Capital
(5) +30 000 (5) +5 000 50 000 40 000 40 000 250 000 (5) +35 000 -5 000

225 000 5 000 50 000 40 000 40 000 250 000 35 000 -5 000
320 000 320 000

In this transaction, more than two accounts have

been affected. However, the totals of both sides
remain equal. The accounting equation on
requires identity in terms of amount but not
necessarily in the number of effects in each side.
Parts of Learning Module
• Discussion Proper

The table below

presents the summary
of transactions of
Mang Cardo’s
Furniture Business.
Take a look guys!!!
 Parts of Learning Module
• Discussion Proper
Asset = Liabilities + Equity
Cash Account Equipmen Inventorie Accounts Owner’s Revenues Expenses
Receivable t s Payable Capital
(1) +250 000 +250 000
(2) -50 000
(3) +50 000 +40 000
(4) -5 000 +40 000 -5 000
(5)+30 000 +5 000 +35 000
225 000 5 000 50 000 40 000 40 000 250 000 35 000 -5 000
320 000 320 000

Each line has a reference number that corresponds

to the transaction number of the economic event.

Recall that the accounting identity should be properly

maintained through the process. All the changes in the asset
side equate to all the changes in the liabilities and equity side,
thereby retaining the accounting identity.
Parts of Learning Module
• Closing Statements after Discussion

Guys, did you enjoy

our lesson on the
Accounting Equation?
If yes, you are now
ready to take the final
test.
Parts of Learning Module
• Closing Statements after Discussion

You can now record the business

transactions guys…
You may now prepare for the final
test…
GOOD LUCK!!!
Parts of Learning Module
• Post-Test
Listed below are the business transactions of Sophia’s General Merchandize for its first month of operations:
a. Owner invested cash in the business amounting to Php 600 000
b. The owner purchased equipment for cash amounting to Php 50 000
c. The owner purchased the needed inventories through credit amounting to Php 300 000
d. The owner purchased furniture amounting to Php 20 000. Made partial payment with cash (10 000) and
incurred an accounts payable for the balance.
e. The owner paid cash to the local government for the business permit amounting to Php 5000
f. The General Merchandize made sales of Php 200 000. Php 150 000 is under cash basis and the remaining
50 000 is credit sales.
g. Collected Php 20 000 of the credit sales in (f)
h. The owner paid the accounts payable in (d)
i. Paid the salary of employee amounting to Php 20 000
j. Collected Php 30 000 of the credit sales in (f)
Asset = Liabilities + Equity
Cash Account Equipment Inventories Accounts Owner’s Revenues Expenses
Receivable Payable Capital

You may check your answer on page 19

Parts of Learning Module
• Checking How did you find the Post-Test?

Very Good!!

Did you record all of the

transactions?

Wow, that is Excellent!!!

CONGRATULATIONS!!!

Did you miss any item?

If you did, please go over the activities again then, try to classify the transaction
you missed until you get them correctly.
Parts of Learning Module
• Checking

I hope you have learned and enjoy

this MODULE… It is my pleasure to
serve you…

Congratulations to our future accountants!!! See you next time…

Parts of Learning Module
• Answer Key on Review Questions

ANSWER KEY on Review Questions

1. What is the Basic Accounting Equation?

ASSETS = LIABILITIES + EQUITIES
Parts of Learning Module
• Answer Key on Review Questions
ANSWER KEY on Review Questions

2. Complete the table below by giving some examples of the listed accounts.
Assets Liabilities Equity

1. Cash 1. Account Payable 1. Revenues

2. Account Receivable 2. Unearned Revenue 2. Expenses

3. Inventories 3. Capital

4. Equipment

5. Land and Building

6. Intangible Assets
Parts of Learning Module
• Answer Key on Pre-Test

ANSWER KEY on the Pre-Test

Parts of Learning Module
• Answer Key on Post-Test

ANSWER KEY on the Post-Test

Parts of Learning Module
• References

REFERENCES

http://www.deped.gov.ph/sites/default/files/ABM_Fundamentals%20of%20ABM%201%20CG.pdf

Fundamentals of Business and Management Book

 Communication Letters
• Request to Write Learning Module
 Communication Letters
• 1st Endorsement
 Communication Letters
• Request Letter to SDS
 Communication Letters
• Permit to Write Module
 Communication Letters
• Permit to Implement
Communication Letters
• 2nd Endorsement
 Communication Letters
• Approval Sheet
 Communication Letters
• 3rd Endorsement
 Communication Letters
• Certificate of Completion
 OUTLINE OF THE MODULE
• Title
• Rationale
• Objectives
• Activities
• Time Frame
CURRICULUM VITAE
Let’s Start Making Your MODULE…

Thank you for Listening!!!