Accounting 1 Diana Magpale

College for Research & Technology of Cabanatuan
Burgos Avenue, Cabanatuan City 3100

Tel. 463-2735 463-2697 600-2200 e-mail: crt.cabanatuan@gmail.com
VISION
To be recognized and respected as one of the premiere members of the academic community that provides excellence in technological education
MISSION
The College for Research & Technology is a nurturing community, devoted in providing accessible and affordable technological education by being a catalyst of
innovation in the promotion of holistic development to empower individuals to discover their true worth and become productive members of the society.
COURSE SYLLABUS
COURSE CODE ACCTG.1

COURSE NAME FUNDAMENTALS OF ACCOUNTING
COURSE DESCRIPTION This course provides an introduction to accounting, within the context of business and business decisions. Students will obtain basic
understanding of the principles and concepts of accounting as well as their applicability and relevance in the national context and
learn how to use various types of accounting information found in financial statements and annual reports. 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.
CONTACT HOURS / LEC:

WEEK LAB:
PRE-REQUISITES
COURSE OUTCOMES Upon the completion of the course, the students will be able to:
1. Understand the basic accounting terms, concepts and principles
2. Differentiate the forms and purpose of business organization
3. Differentiate the branches of accounting
4. Classify the elements of the financial statements and their sub-elements.
5. Recognize internal control systems and procedures.
6. Familiarize with the steps of the accounting cycle
7. Journalizing and posting to ledger of transactions of a service, merchandising and manufacturing establishments.
8. Prepare trial balance and adjusting entries to complete the worksheet.
9. Draft basic financial statements of the service, merchandising and manufacturing firms.
10. Prepare closing journal entries, post-closing trial balance and reversing entries.
11. Identify proper internal control systems and procedures applicable for business.
COURSE OUTLINE AND TIMEFRAME

TIMEFRAME
WEEK 1  INTRODUCTION OF THE COURSE
 DISCUSSION OF THE COURSE POLICIES
 ESTABLISHING HOUSE RULES
WEEK 2  Definition and nature of accounting
 Basic accounting concepts and principles
 Forms of business organization
 Purpose of business organization
 Branches of accounting
WEEK 3  Users of financial information

 Objective of financial statement
 Underlying assumptions
 Elements of financial statement
 The five major accounts
WEEK 4  Book of accounts

 The accounting equation
 The double-entry system
 Normal balance of an account
 Typical account titles used

WEEK 5  Analyze business transactions using debit and credit
 Record business transaction using financial transaction worksheet
WEEK 6  Preliminary examination
WEEK 7  Accounting cycle
WEEK 8  Accounting cycle for service business
WEEK 9  Identification of events to be recorded
WEEK 10  Transactions are journalized
WEEK 11  Posting
 Preparation of trial balance
 Preparation of worksheet including adjusting entries
 Preparation of financial statements
 Adjusting entries are journalized and posted
 Closing entries are journalized and posted
 Preparation of post-closing trial balance
 Reversing journal entries are journalized and posted
WEEK 12  Mid-term examination
WEEK 13  Accounting cycle for merchandizing business
WEEK 14  Source documents
WEEK 15  Terms of transactions
WEEK 16  Inventory systems
WEEK 17  Perpetual inventory system
 Periodic inventory system
WEEK 18  Final examination

ALIGNMENT OF COURSE OUTCOMES WITH ASSESSMENT TASKS (WRITTEN AND/OR PERFORMANCE)

COURSE OBJECTIVES ASSESSMENT TASKS (WRITTEN DETAILS
AND/OR PERFORMANCE)
1. Understand the basic accounting terms, 1. Quizzes 1. Short quiz will be given every after meeting to assess the
concepts and principles 2. Assignment student’s knowledge, abilities and skills. The teacher can
6. Differentiate the forms and purpose of 3. Problem Set evaluate whether the students are excelling or needs
business organization 4. Institutional Assessment more time to focus.
7. Differentiate the branches of accounting 5. Term Examination 2. Assignment will be given once in a while to enhance the
8. Classify the elements of the financial learning capabilities of the students. This will also help
statements and their sub-elements. them to review their subject ahead of time. Assignment is
9. Recognize internal control systems and important to practice their study habit at home. The more
procedures. they read and practice their lesson the more they learn.
10. Familiarize with the steps of the accounting 3. Problem set will be given accordingly for them to practice
cycle and analyze business transactions well. Continuous
11. Journalizing and posting to ledger of practice will help them to familiarize the step by step
transactions of a service, merchandising and accounting process.
manufacturing establishments 4. Institutional assessment is given in preparation for their
12. Prepare trial balance and adjusting entries national assessment. It will determine if they are qualified
to complete the worksheet. to take the national assessment or not.
13. Draft basic financial statements of the 5. Exams are given to evaluate students’ performance during
service, merchandising and manufacturing the semester. This is not for the students’ evaluation but
firms. for the teachers as well because you can evaluate your
14. Prepare closing journal entries, post-closing own teaching based on the performance your students.
trial balance and reversing entries. This will also help to identify which areas you have to
15. Identify proper internal control systems and spend more time to and whose student need more
procedures applicable for business. attention.
S
LEARNING PLAN
WK HRS DESIRED LEARNING COURSE CONTENT / SUBJECT MATTER TEXTBOOK / TEACHING & ASSESSMENT OF
OUTCOMES (DLOs) REFERENCES LEARNING LEARNING OUTCOMES
ACTIVITIES
(STRATEGIES)
1 3 Classroom Policies and Introduction to the Course Syllabus Discussion of The students will write an
Course classroom rules essay about their goals in
and regulation. life.
Discussion of the course syllabus
Expectation of
the students
from their
teachers.
2 3  Develop an  Definition and nature of accounting Susan Ballada (2 010), Classroom, Quiz:
understanding to  Basic accounting concepts and Basic Accounting discussion, The students will give five
use accounting principles lecture and example of each types and
concepts,  Forms of business organization www.accountingtools.com power point forms of business
principles and  Types of business organization presentation of organization
frameworks to according to activities www.accountingcoach.com the lesson
analyze and  Branches of accounting
effectively www.investopedia.com
communicate
information to a
variety of
audience.
 Develop the
ability to describe
and explain the

different types
and forms of
business
organization.
 Recognize the
different
branches of
accounting.
3 3  Effectively define  Users of financial information Susan Ballada (2 010), Classroom, Quizzes / Oral Recitation
the needs of the  Objective of financial statement Basic Accounting discussion, The students will identify
various users of  Underlying assumptions lecture and the users of financial
accounting data  Elements of financial statement www.accountingtools.com power point information. They will the
and demonstrate  The five major accounts presentation of site the importance of
the ability to www.accountingcoach.com the lesson financial information to its
communicate users.
such data www.investopedia.com
effectively.
 Recognize the
different
elements of
financial
statement and
the five major
accounts as well.
4 3  Demonstrate an  Book of accounts Susan Ballada (2 010), Classroom, Problem Set

understanding to  The accounting equation Basic Accounting discussion, The give will solve a
use the  The double-entry system lecture and problem set with regards
fundamental  Normal balance of an account www.accountingtools.com power point to the rules of debit and
accounting  Typical account titles used presentation of credit and the basic
equation to www.accountingcoach.com the lesson accounting equation.
analyze the effect
of business www.investopedia.com
transaction in an
organization’s
accounting
records and
financial
statement
5 3  Employ critical  Analyze business transactions using Susan Ballada (2 010), Classroom, Problem Set
thinking skills to debit and credit Basic Accounting discussion, Students will be given
analyze and  Record business transaction using lecture and sample business
record business financial transaction worksheet www.accountingtools.com power point transactions to analyze
transactions presentation of and record to the financial
www.accountingcoach.com the lesson transaction worksheet.
www.investopedia.com
6 3 Preliminary Examination
7- 15  Prepare financial  Accounting cycle Susan Ballada (2 010), Classroom, Problem Set
11 statements in  Accounting cycle for service business Basic Accounting discussion, Students will be given
accordance with  Identification of events to be lecture and various business
the Generally recorded www.accountingtools.com power point transactions/problems to
Accepted  Transactions are journalized presentation of work on using the
Accounting  Posting www.accountingcoach.com the lesson accounting cycle for
Principles.  Preparation of trial balance service business.
 Effectively apply  Preparation of worksheet www.investopedia.com
the step by step including adjusting entries
accounting  Preparation of financial
process in service statements
business.  Adjusting entries are journalized
 Employ critical and posted
thinking in  Closing entries are journalized
analyzing and posted
financial data.  Preparation of post-closing trial
balance
 Reversing journal entries are
journalized and posted
12 3 Mid-term Examination
13- 15  Effectively 1. Accounting cycle for merchandizing Susan Ballada (2 010), Classroom, Problem Set
17 apply the step business Basic Accounting discussion, Students will be given
by step  Source documents lecture and various business
accounting  Terms of transactions www.accountingtools.com power point transactions/problems to
process in  Inventory systems presentation of work on using the
service  Perpetual inventory www.accountingcoach.com the lesson accounting cycle for
business. system service business.
 Develop an  Periodic inventory system www.investopedia.com
understanding
in recording
perpetual and
periodic
inventory
system.
 Develop the
ability to use
accounting
information to
solve a
variety of
business
problem.
18 3 Final Examination
SUGGESTED READINGS &

REFERENCES
Susan Ballada (2 010), Basic Accounting
www.accountingtools.com
www.accountingcoach.com
www.investopedia.com
COURSE REQUIREMENTS 1. Written Exams (Prelim, Midterm, Finals)

2. Problem Set
3. Institutional Assessment
4. Class Participation (Quizzes, Seatwork)
RUBRICS
GRADING SYSTEM Prelim, Midterm, Finals

Term Exams 40%
Performance/ Output 20%
Quizzes / Seatwork 30%
Attendance 10%
Total 100%
CLASSROOM POLICIES 1. Written tests during the semester.

2. Three scheduled major written tests. Make up tests will only be given with prior permission of the instructor.
Make up tests must be taken within a week of the original scheduled test date unless there is an inevitable
reason.
3. Participation in class discussions and group exercises is a must; thus attendance and being prepared to
contribute to the discussion is also expected.
4. Upon entrance to the classroom, submission of assignments is expected; and working on the challenge of the
day is also to be observed.
5. Punctuality is to be observed. If students come in late, .5 points will be deducted to the attendance/behavior
points. Students should also be responsible for missed materials.
6. Always follow the 5 S’s and CLAYGO (Clean As You GO)
Written tests – It will be administered periodically in order to assess the students’ knowledge of topics within
Accounting. Use of cellphone during examinations IS prohibited.
Class Work/Activities – Students are expected to participate in all activities and assignments.
Oral Presentations – Students will be expected to present topics that will demonstrate their understanding of the
specific subjects. Included in oral presentations are role playing, simulations, topic or research presentations or
focused group discussions.
Strict implementation of deadlines - No late projects, papers, researches or quizzes will be accepted unless you
have made prior arrangements in writing with the instructor and have a valid and documented reason. All late
projects that are accepted will have appropriate deductions.
Quizzes - Make-up quizzes must be done only at the available schedule of the instructor. Unjustified absence
resulting to missed quizzes shall be awarded with an equivalent grade of 20.
Special Arrangements and considerations – no special arrangements and considerations will be given after the
final term. The students’ grades shall stand as they are except when errors in the checking of requirements and/or
inputting of grades by the instructor were found. Change of grade procedure will be then followed for the necessary
changes to take effect.
Cheating - All graded requirements must be a students’ own work only. Cheating or plagiarism is a serious breach of
academic ethics and policy (refer to students manual) and could lead to appropriate sanctions. When taking tests,
answer must not be seen by others. If cheating is discovered, all participants will be penalized with a grade of zero
for the particular test.
Student contributions – In cases wherein students are grouped to complete a specific task, members must actively
participate or risk being eliminated from the groupings.
Etiquette: Courtesy in class from every student is expected especially during classroom experience. Mobile phones
must always be kept silent and are not allowed to be used for texting or browsing inside the room at any time.
Personal/portable media players must be put away and should not be used at any time inside the classroom. The
instructor has the right to ask a student who has a disruptive behavior to leave the class. All students are expected to
be familiar with and to follow the guidelines set in the college student manual.
Attendance – Students who reach the maximum allowable absences will no longer be allowed to continue the course
as stated in the college student manual and will receive a grade of DROPPED.
DRESS CODE
Proper attire is a reflection of one’s self and profession. In General:

 Student dress code

o Male - Polo Shirt with CRT Tag
Black Pants
Leather Shoes
o Female - White Blouse with Ribbon
Gray Skirt
Leather Shoes/Heels
Compliance with these professional standards of appearance is mandatory
Prepared by Noted by Approved by
BUSINESS ADMINISTRATION CLUSTER EMMAN P. ARIMBUYUTAN, CPA, MBA, MICB DR. REYNATO C. ARIMBUYUTAN
DEAN, ACADEMIC AFFAIRS COLLEGE PRESIDENT

Accounting 1 Diana Magpale

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College for Research & Technology of Cabanatuan

Burgos Avenue, Cabanatuan City 3100

COURSE CODE ACCTG.1

CONTACT HOURS / LEC:

COURSE OUTLINE AND TIMEFRAME

WEEK 3  Users of financial information

WEEK 4  Book of accounts

 Typical account titles used

WEEK 18  Final examination

ALIGNMENT OF COURSE OUTCOMES WITH ASSESSMENT TASKS (WRITTEN AND/OR PERFORMANCE)

and explain the

4 3  Demonstrate an  Book of accounts Susan Ballada (2 010), Classroom, Problem Set

SUGGESTED READINGS &

COURSE REQUIREMENTS 1. Written Exams (Prelim, Midterm, Finals)

GRADING SYSTEM Prelim, Midterm, Finals

CLASSROOM POLICIES 1. Written tests during the semester.

resulting to missed quizzes shall be awarded with an equivalent grade of 20.

Proper attire is a reflection of one’s self and profession. In General:

 Student dress code

Compliance with these professional standards of appearance is mandatory

Prepared by Noted by Approved by

DEAN, ACADEMIC AFFAIRS COLLEGE PRESIDENT

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