De La Salle University

COLLEGE: RVRCOB DEPARTMENT: ACCOUNTANCY

COURSE CODE: ACTBAS1
CLASS DAYS AND CLASS TIME: ______________________ ROOM:__________
INSTRUCTOR NAME: ____________________________________________________
CONTACT DETAILS: _____________________________________________________
CONSULTATION HOURS: _________________________________________________

COURSE DESCRIPTION:
This course ACTBAS1, INTRODUCTORY ACCOUNTING FOR SERVICE ENTERPRISE, is designed to
develop a basic understanding of the conceptual framework underlying the measurement and communication
of financial data for business decisions as well as their relevance in the national context. It deals with
analyzing, recording and processing business transactions commonly engaged by a sole proprietor of a service
enterprise. The fundamental concepts and principles essential to the measurement and communication of said
transactions are introduced and emphasized as the course progresses.

LEARNING OUTCOMES:
On completion of the course, the student is expected to be able to do the following:

UNIVERSITY EXPECTED LASALLIAN LEARNING OUTCOME

GRADUATE ATTRIBUTE (ELGA)
Critical and creative thinker LO1: Prepare financial statements for a service business
organized as sole proprietorship.

Effective communicator LO2: Prepare individual and/or group case analyses

which applies theories learned in this course

FINAL COURSE OUTPUT:

As evidence of attaining the learning outcomes, the student is required to do and submit the following during
the indicated dates of the term:

LEARNING OUTCOME (LO) REQUIRED OUTPUT/S DUE DATE

LO1: Prepare financial statements for  At least two sets of financial Week 3 to Week 14
a service business organized as sole statements
proprietorship.  At least two workbook/textbook Every meeting
exercises

LO2: Prepare individual and/or group At least two written individual and/or Week 6 to Week 13
case analyses which applies theories group case analyses
learned in this course

RUBRICS FOR ASSESSMENT:

The rubrics that follow are intended for students to self-check required output prior to submission. The same
rubrics will be used to grade the student’s work.

Answered Workbook/Textbook Exercises

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(100) (90) (80) (70)
Completeness The student answers all The student The student answers The student fails
(100%) exercises completely answers majority some of the to answer all
of the exercises exercises completely assigned
completely exercises
TOTAL:

ACTBAS1 Syllabus Page 1 of 7

Financial Statements
CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(100) (90) (80) (70)
Correctness The student prepares The student The student prepares The student fails
and correctly all financial prepares correctly correctly some of to prepare
Completeness statements majority of the the financial correctly all
[80%] financial statements financial
statements statements
Neatness and The student prepares all The student The student prepares The student fails
Orderliness financial statements in prepares majority some of financial to prepare
[20%] good form (properly of financial statements in good correctly all
uses money column, statements in good form financial
uses ruler, has legible form statements in
handwriting, preserves good form.
neatness of work).
TOTAL:

Written Group Business Case Analysis

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(100) (90) (80) (70)
Content and The group applies all The group applies The group applies The group fails to
Application relevant ACTBAS1 some ACTBAS1 few ACTBAS1 apply ACTBAS1
[80%] topics appropriately to topics topics appropriately topics
the business case. appropriately appropriately
Format and The group follows the The group follows The group follows The group does
Use of format and has not one the format and the format but uses a not follow format
English spelling/ grammatical uses only the mixture of Filipino and uses a
Language error in the paper. English language and English mixture of
[10%] in the paper which language in the Filipino and
is at an acceptable paper and/or uses English language
level. the English language in the paper
somewhat and/or uses the
inappropriately. English language
inappropriately.
Teamwork The group shows strong The group shows The group shows The group shows
[10%] teamwork as evidenced teamwork as somewhat a lack of lack of teamwork
in the oneness and evidenced in the teamwork as as evidenced in
consistency both in consistency in evidenced in some inconsistencies
flow and contents of terms of content of inconsistencies both both in flow and
the paper. the paper. in flow and contents contents of the
of the paper. paper.
TOTAL:

Written Individual Business Case Analysis

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(100) (90) (80) (70)
Content and The student applies all The student The student applies The student fails
Application relevant ACTBAS1 applies some few ACTBAS1 to apply
[80%] topics appropriately to ACTBAS1 topics topics appropriately ACTBAS1 topics
the business case. appropriately appropriately
Format and The student follows the The student The student follows The student does
Use of format and has not one follows the format the format but uses a not follow format
English spelling/ grammatical and uses only the mixture of Filipino and uses a
Language error in the paper. English language and English mixture of
[20%] in the paper which language in the Filipino and
is at an acceptable paper and/or uses English language
level. the English language in the paper
somewhat and/or uses the
inappropriately. English language
inappropriately.
TOTAL:

ACTBAS1 Syllabus Page 2 of 7

OTHER REQUIREMENTS AND ASSESSMENTS:
Aside from the final output, the student will be assessed at other times during the term by the following:
 Quizzes
 Midterm Examination
 Departmental Final Examination

GRADING SYSTEM:
GRADE POINT DESCRIPTION PERCENTAGE
4.0 Excellent 97 – 100
3.5 Superior 94 – 96
3.0 Very Good 91 – 93
2.5 Good 87 – 90
2.0 Satisfactory 83 – 86
1.5 Fair 77 – 82
1.0 Pass 70 – 76
0.0 Fail Below 70

The student will be graded according to the following:

BASIS 1ST HALF 2ND HALF
Quizzes 40% 40%
Midterm Examination 40% ---
Departmental Final Examination --- 40%
Answered Workbook/Textbook Exercises 10% 10%
Class Standing 5% 5%
Business Case 5% 5%
TOTAL 100% 100%
Final Grade Computation 40% 60%

LEARNING PLAN:
LEARNING TOPICS WEEK LEARNING
OUTCOME NO. ACTIVITIES
Prepare 1. INTRODUCTION TO ACCOUNTING 1 Read workbook, pp. 1-9;
financial 1.1 Case Overview – Financial Statements
statements for 1.1.1 Definition of financial statements Read text, Chapter 1
a service 1.1.2 Basic financial statements (Accounting: The
business 1.2 Introduction to Accounting Language of Business);
organized as 1.2.1 Definition
sole 1.2.2 Nature Read text, Chapter 14
proprietorship 1.2.3 Scope (Accounting Principles
1.2.4 Branches and Reporting
1.3 Brief History of Accounting Standards);
1.3.1 Double-entry bookkeeping
1.3.2 Harmonization of accounting reports Answer workbook/
1.3.3 International Accounting Standards textbook exercises
1.4 Users of Accounting Information
1.4.1 Internal users
1.4.2 External users
1.5 Relationship of Accounting to Other Fields of
Discipline
1.6 Forms of Business Organization
1.6.1 According to ownership
1.6.2 According to activity
1.7 Basic Professional Values and Business Ethics

Prepare 2. ACCOUNTING PRINCIPLES 1-2 Read text, Chapter 14;

financial 2.1 Generally accepted accounting principles
statements for 2.2 FASB Conceptual Framework of Accounting Answer workbook/
a service 2.2.1 Qualitative characteristics textbook exercises
business 2.2.2 Underlying assumptions
organized as 2.2.3 General principles
sole 2.2.4 Modifying constraints
proprietorship

ACTBAS1 Syllabus Page 3 of 7

 LEARNING TOPICS WEEK LEARNING
OUTCOME NO. ACTIVITIES
Prepare 3. MEASURING AND REPORTING 2-3 Read text, Chapter 2
financial FINANCIAL POSITION (Analyzing Business
statements for 3.1 Forms of Statement of Financial Position Transactions);
a service 3.1.1 Report form
business 3.1.2 Account form Answer workbook/
organized as 3.2 Elements of Statement of Financial Position textbook exercises;
sole 3.2.1 Assets
proprietorship; 3.2.1.1 Current QUIZ 1
3.2.1.2 Non-current
Prepare 3.2.2 Liabilities
individual 3.2.2.1 Current
and/or group 3.2.2.2 Non-current
case analyses 3.2.3 Owner’s equity
which applies 3.3 Basic Accounting Equation
theories 3.4 Preparation of Statement of Financial Position
learned in this
course

Prepare 4. MEASURING AND REPORTING 4 Read text, Chapter 2;

financial FINANCIAL PERFORMANCE
statements for 4.1 Forms of Income Statement Read text, Chapter 3
a service 4.1.1 Natural form (Analyzing Business
business 4.1.2 Functional form Transactions using T-
organized as 4.2 Elements of Income Statement accounts)
sole 4.2.1 Revenues
proprietorship; 4.2.2 Expenses Answer workbook/
4.2.3 Net income (loss) textbook exercises
Prepare 4.3 Expanded Accounting Equation
individual 4.4 Preparation of Natural-Form Income Statement
and/or group
case analyses
which applies
theories
learned in this
course

Prepare 5. MEASURING AND REPORTING CHANGES 5 Read text, Chapter 2;

financial IN EQUITY
statements for 5.1 Items Affecting Owner’s Equity Read text, Chapter 3;
a service 5.1.1 Investments
business 5.1.2 Withdrawals Answer workbook/
organized as 5.1.3 Net income (loss) textbook exercises;
sole 5.2 Preparation of Statement of Changes in Equity
proprietorship QUIZ 2

Prepare 6. THE ACCOUNTING CYCLE 6-14

financial 6.1 Analyzing Business Transactions from Source Read text, Chapter 2;
statements for Documents
a service 6.1.1 Business documents commonly used Read text, Chapter 3;
business 6.1.2 Transactions analysis
organized as 6.1.3 Analysis in terms of debits and credits Read text, Chapter 4 (The
sole General Journal and the
proprietorship General Ledger)

Answer workbook/
textbook exercises;

QUIZ 3

ACTBAS1 Syllabus Page 4 of 7

 LEARNING TOPICS WEEK LEARNING
OUTCOME NO. ACTIVITIES
Prepare 6.2 Recording of Business Transactions in Journal 6-14 Read text, Chapter 4 (The
financial 6.2.1 Definition and types of journal General Journal and the
statements for 6.2.2 Recording of business transactions General Ledger);
a service 6.2.2.1 Rendering of services
business 6.2.2.2 Purchase of supplies and Answer workbook/
organized as equipment textbook exercises;
sole 6.2.2.3 Payroll-related
proprietorship; 6.2.2.3.1 Payment of salaries with MIDTERM
deductions (SSS, PhilHealth, EXAMINATION;
Prepare Pag-IBIG, withholding tax,
individual advances to employees) Read from online
and/or group 6.2.2.3.2 Subsequent remittance to resources (BIR,
case analyses government agencies of PhilHealth, SSS);
which applies amounts withheld from salaries
theories and corresponding employer’s Read text, Chapter 16
learned in this contribution (Notes Payable and Notes
course 6.2.2.4 Involving promissory notes Receivable);
6.2.2.4.1 Receipt and issuance
6.2.2.4.2 Collection and payment at Answer workbook/
maturity textbook exercises;
6.2.2.4.3 Dishonor by the maker
6.2.2.4.4 Renewal of note QUIZ 4
6.2.2.4.5 Discounting of notes
receivable with recourse
6.2.2.4.6 Honor/Dishonor of discounted
notes receivable
6.2.2.4.7 Discounting of own note
6.2.2.4.8 Honor/Dishonor of discounted
own note

6.3 Posting to the General Ledger Read text, Chapter 4;

6.3.1 Definition and types of ledger
Answer workbook/
textbook exercises

6.4 Preparing the Trial Balance Read text, Chapter 4;

6.4.1 Uses and limitations of a trial balance
6.4.2 Locating errors in the trial balance Read text, Chapter 5
6.4.3 Preparing correcting entries (Adjustments and the
6.4.4 Preparing corrected trial balance Worksheet)

Answer workbook/
textbook exercises

6.5 Gathering Adjustments Data then Preparing Read text, Chapter 5;

Work Sheet
6.5.1 Definition of work sheet Answer workbook/
6.5.2 Types of work sheet textbook exercises

6.6 Preparing Financial Statements Review: Lecture notes

6.6.1 Review: Financial Statements (Statement
of Financial Position, Income Statement, Read text, Chapter 5
Statement of Changes in Equity)
6.6.2 Statement of Cash Flows Read text, Chapter 24
6.6.2.1 Forms of Statement of Cash Flows (The Statement of Cash
6.6.2.1.1 Direct method Flows)
6.6.2.1.2 Indirect method
6.6.2.2 Components of Statement of Cash Answer workbook/
Flows textbook exercises
6.6.2.2.1 Operating activities
6.6.2.2.2 Investing activities
6.6.2.2.3 Financing activities
6.6.2.3 Preparation of Statement of Cash
Flows – direct method

ACTBAS1 Syllabus Page 5 of 7

 LEARNING TOPICS WEEK LEARNING
OUTCOME NO. ACTIVITIES
Prepare 6.7 Journalizing and Posting Adjusting Entries 6-14 Read text, Chapter 12
financial 6.7.1 Accrued expenses (Accruals, Deferrals, and
statements for 6.7.2 Accrued income the Work Sheet)
a service 6.7.3 Prepaid expenses
business 6.7.4 Unearned income Read text, Chapter 5;
organized as 6.7.5 Amortization of discount on notes payable
sole (straight-line method) Answer workbook/
proprietorship; 6.7.6 Depreciation (straight-line method) textbook exercises;
6.7.7 Doubtful accounts (allowance method)
Prepare 6.7.7.1 Percentage of receivables QUIZ 5;
individual 6.7.7.2 Aging of receivable
and/or group Read text, Chapter 15
case analyses (Accounts Receivable
which applies and Uncollectible
theories Accounts);
learned in this
course Answer workbook/
textbook exercises;

QUIZ 6

6.8 Journalizing and Posting Closing Entries Read text, Chapter 6

6.8.1 Nominal vs. Real accounts (Closing Entries and the
6.9 Preparing a Post-Closing Trial Balance Post-Closing Trial
6.10 Journalizing and Posting Reversing Entries Balance);

Read text, Chapter 13

(Financial Statements and
Closing Procedures);

Answer workbook/
textbook exercises;

DEPARTMENTAL
FINAL
EXAMINATION

REFERENCES:
Required text and materials
Bernados, H., Velasco, E., Manalo, M., Aquino, N., & Manaligod, G. (2015). Workbook in Introductory
Accounting for Service Business.

Price, J.E., Haddock, M.D., & Farina, M.J. (2015). College Accounting, 14th edition. McGraw Hill Education.

Other References
Chalmers, K., Fyfe, M., Kieso, D., Kimmel, P., Mitrione, L., & Weygandt, J. (2010). Principles of Financial
Accounting, 2nd edition. John Wiley and Sons Australia, Ltd.

Chalmers, K., Fyfe, M., Kieso, D., Kimmel, P., Mitrione, L., Weygandt, J., & Yuen, S. (2010). Principles
of Accounting, 2nd edition. John Wiley and Sons Australia, Ltd.

Chiappetta, B., Kwok, W., Shaw, K., & Wild, J. (2013). Principles of Financial Accounting, 20th edition.
McGraw Hill.

Haddock, M.D., Price, J.E., & Farina, M.J. (2015). College Accounting: A Contemporary Approach, 3rd
edition. McGraw Hill Education.

Manalo, M. (2016). Learning to Succeed in Business with Accounting. Phoenix Publishing.

Rabo, J., Salendrez, H., & Tugas, F. (2016). Fundamentals of Accountancy, Business and Management 1.
Vibal Group, Inc.

ACTBAS1 Syllabus Page 6 of 7

ONLINE RESOURCES:
Bureau of Internal Revenue (BIR) website: http://www.bir.gov.ph
Department of Labor and Employment website: http://www.dole.gov.ph
PhilHealth website: http://www.philhealth.gov.ph
Social Security System (SSS) website: http://www.sss.gov.ph

CLASS POLICIES:
Course-Specific Policies:
 This course is a prerequisite to ACTBAS2 (a final grade of at least 2.0 to qualify) is taken up only by
BSA, LIA-BSA, and ECO-BSA students. (NOTE: This is an equivalent course for ACCTBA1 ONLY if
both ACTBAS1 and ACTBAS2 grades are at least 1.0).

 A minimum of six (6) quizzes [three (3) quizzes before and after midterms] is required in this course.

 The 5% class standing shall consist of the following: (1) active participation in class; (2) attendance; and
(3) good manners and right conduct.

 The final examination is departmental and covers the entire course syllabus. This is held for three (3)
hours during the Final Examinations Week (Week 14). NORMALLY, it involves multiple choice and
true/false theory questions; journalizing; adjusting entries; problem solving with solutions in good
accounting format; and financial statements preparation.

 The midterm examination, unlike the final examination, may not be departmental and covers topics
discussed up to Week 6 or 7, depending upon the discretion of the faculty member.

 The business case for the first half of the term would be given by the faculty member to the class/class
representative at least a week (for individual business case) or two weeks (for group business case) before
submission deadline.

 It is the responsibility of the student to be mindful of his/her absences/tardiness and performance in class.

 Specific class policies on attendance, make-up quizzes, academic honesty, grading system, dress code,
classroom management, and others not mentioned above, are to be discussed by the faculty member on
the first day of classes.

Department Policies:
 An application for special final examination should be accomplished by the student if there are conflicts
in the final examination schedule, following the University policies on order of priority.

 When inside the Accountancy Department, students are expected to observe silence, and maintain the
cleanliness and orderliness of the room.

 Please observe consultation hours/schedule of the faculty member. Students are not allowed inside the
Accountancy Department during the following times: (1) Before office hours; (2) Lunch break; (3) After
office hours; (4) Grade consultation day; and (5) When no faculty member/staff is around.

 For student concerns regarding the BSA program or the course, please set an appointment with the
Department Vice Chair. For all other inquiries, please visit the Accountancy Department at Faculty
Center, ground floor.

ACTBAS1 Committee
04/Jan/2017

ACTBAS1 Syllabus Page 7 of 7