The ABM strand in its most fundamental sense refers to the accountancy, business, and management

academic programs that concentrate on the foundational concepts in corporate operations, financial
management, business management, as well as each and every factor that revolves around those central
fields.

The ABM strand can take you on a direct path to careers in accounting and management: sales
management, human resources, marketing director, bookkeeper, project officer, accounting clerk,
internal auditor, and many more.

The ABM strand curriculum opens the avenues for you to gain a more nuanced appreciation of the
intrinsic elements that make up the world of accounting and business management courses in the
Philippines without having to dive deeper into the specialized complexities of mathematical fields such
as algebra, geometry, trigonometry, and others.

The subjects involved in the ABM strand are designed and crafted for you develop the appropriate tools
that you are going to utilize all throughout your journey in the corporate world. You should expect to be
immersed in studying management and financial accounting along with the business, legal, and
organizational contexts that you would be working with as you go along your road in a professional
enterprise.

By taking the ABM strand you will be trained to analyze assets, understand everything involved with
financial positions, interpret various profitability, and prepare audit accounts.

Accountancy

Studying accountancy does not necessarily entail that you are limited to just being an accountant. You
are opening the gate for wonderful careers as an: accounts payable clerk, bookkeeper, chief financial
officer, budget analyst, internal auditor, and many others.
Business Administration

You can get on the track to the corporate settings of an administrative assistant, loan officer, community
service manager, market research analyst, financial advisor, statistician, etc.

Agribusiness

This generally refers to agriculture-related endeavors that align farmers, distributors, and even
consumers with a market system for agricultural products. The Department of Trade and Industry is
always in the course of developing the industry of agricultural farming into a thriving business-driven
sector.

Fields in the ABM Strand

When it comes to getting a good grasp of the ABM Strand, you have to first get acquainted with the two
central and all-encompassing fields involved. Let’s take a comprehensive look at all the factors that come
into play within the cornerstones of the ABM Strand:

Understanding Business Administration

Business administration in its most basic definition is the management of a business. It involves each and
every aspect of both overseeing and supervising business operations and all its related fields:
accounting, finance, and marketing.
The administration of a business is a process that involves both the management and performance of
business operations and all the necessary decision making, as well as the efficiency and effectivity of
organizing people and resources as to direct activities towards tangible objective and goals.

In general terms, business administration pertains to the broader management function which includes
all the associated finance, personnel, and MIS services.

A person working as a business administrator is in charge of overseeing a business and its operations.
The central aim of the job is to ensure that a particular business is properly organized, managed, and
meets its goals.

The tasks that a person in this position has are varied and immense in wideness. These often involve
overseeing daily operations, making plans for the success of the business, and ensuring that the right
staff members are hired and adeptly trained. When organizational changes are necessary, a business
administrator paves the way for taking the right measures.

There are some cases wherein a person who starts and owns a business also functions as its central
administrator, but this is not always the case; companies often times hire an individual for the
administrative job. A person that works as a business administrator essentially functions as the manager
of a company and even of its other manager. This person monitors those in managerial positions as to
secure that they adhere to the company’s policies and efficiently work towards the company’s goals.

Business administrators may also work alongside with the managers solely directed for human
resources, finance, accounting, marketing, production departments as to make sure that they are
focused and working in-line towards the company’s objectives. Also, business administrators might
interact and communicate with people outside the company, such as business partners, vendors, etc.

A General Overview on Accountancy

Accounting is a field that has to do with the measurement, processing, and relaying of financial
information with regards to economic entities, such as corporations and businesses. The accounting field
has been called the “language of business” because it measures and facilitates the results of an
organization’s economic activities.

Practitioners of accounting are known as “accountants”. Another term synonymous with accounting is
“financial reporting”.

Modern accounting has been defined as the keeping and preparing of an entity’s financial records. The
main job of a professional accountant mainly involves the verification and analysis of such records
through the fundamental principles and procedures of accounting.

Let’s explore the main fields in accounting:

Financial Accounting

Financial accounting centers on the reporting of an organization’s financial information for creditors,
investors, and potential investors. It involves the calculation and recording of business transactions as to
prepare financial statements for said external users in accordance with the GAAP or Generally Accepted
Accounting Principles.

Management Accounting

Management accounting is focused on the measurement, analysis, and reporting of information as to

assist managers in making the right decisions that are geared towards the fulfillment of an organization’s
main objectives and goals.
In the field of management accounting, internal reports are based on cost-benefit analysis, and are not
required to adhere to the GAAP.

Auditing

Auditing is basically the verification of assertions that were made by others with regards to payoffs. In
the field of accounting, this refers to the unbiased examination and evaluation of an organization’s
financial statements. An audit is a professional service that is conventional and systematic.

Accounting Information Systems

Accounting information systems are an integral part of an organization or company’s overall information
system that is centered on processing its accounting data. There are many corporations that utilize
artificial intelligence-based information systems.

The banking and finance industry uses artificial intelligence for customer services and is also used for
cybersecurity. Accounting information systems utilize both computer hardware and software systems for
statistics and modeling.

Tax Accounting

Corporate and personal income are taxed at varying rates, both in accordance with income levels with
different marginal rates. Tax accounting generally concerns the recording, examination, and analysis of
an individual or company’s tax rates and their adherence to tax policies.
Advantages of Taking the ABM Strand

As mentioned earlier, the ABM strand generally has three main specifications: Accounting, Business, and
Management. First and foremost, taking the ABM Strand track will allow you many opportunities to start
and run your own business. You will be trained in practicing proper time management and develop many
other skills that are going to be applicable for almost any career path that you choose to pursue.

Communication Skills

While taking the ABM Strand track, you are going to learn how to communicate with different types of
people. Running a business involves clear and concise communication. You will learn to adapt to the
communication skills that are required for various business courses.

Finance Skills

Accounting is an integral part of this track. By getting attune to the critical principles of how the
exchange of money actually works and the foundational mathematical syllogisms that makeup
accounting theory, you are going to learn how to properly handle a business and your own finances.

Collaboration Skills
Running your own successful business is impossible to be achieved all on your own. There is a crucial
team dynamic that comes into play with all business operations regardless of size, scale, and scope. Not
only will your communication skills be used, your leadership skills will also be practiced and honed.

Analytical Skills

Logical prowess is crucial for any business operation. With the ABM Strand track, your reasoning skills
are going to get sharpened to their fullest potential. This is one of the most necessary skill sets that you
are going to master while studying the fields of business, finance, and accounting.

Time Management

Objectively speaking, this is arguably one of the greatest skills that you could have, especially as you
begin your journey in higher education. You are going to learn how to budget and allocate your time in
such a way that everything will be efficient, effective, and simple. With the required workload, you are
going to go through with the ABM strand, your time management skills will be practiced to near
perfection.

Possible Career Paths with the ABM Strand

The ABM Strand program offers a multitude of opportunities and direct career paths that can propel you
into both personal and professional success. As previously mentioned, studying under the ABM Strand
will cover the fundamentals of accounting, finance, management, and even entrepreneurship. These are
the key arenas for making any business thrive.
But besides the direct careers in accounting, management, and finance, there are many other common
career paths that you can pursue under the ABM Strand:

Business Careers in Retail and Sales

There’s a lot more that goes into retail and sales than just simple shelf-stacking. If have successfully
undergone the ABM Strand, opportunities within sales and retail teams in absolute abundance. Whether
its shop-based roles, office-based roles, or traveling positions, an impeccable knowledge and
understanding of the global market is crucial.

Business Careers in Media

It may seem as though the ABM Strand track is not such a creative pursuit, but the truth is that there are
many colorful pathways that the ABM Strand can open up for you to entering the many creative
industries. Media industries such as TV, film, the digital sphere, print media, etc. is always in need of
individuals with a strong handle on sales, human resources, public relations, finance, accounting,
operations, marketing, etc.

Business Careers in Marketing and Advertising

Jumping off from the previous point, career opportunities in both marketing and advertising are aplenty
for those under the ABM Strand. In these industries, the knowledge that you gain from taking the ABM
Strand will equip you with the skills and information necessary to conduct market research, develop
advertising strategies, manage client relationships, coordinate with copywriters, producers, and
designers, analyze market trends, and evaluate results.
Business Careers in Human Resources

Human resources offer roles that require both efficient business prowess and highly effective
interpersonal skills. Company matters such as recruitment, training, and pay are all the foregrounding
areas that are handled by the human resources department.

So it goes without saying that impeccable communication skills are essential. However, you are also
going to be expected to have a good understanding of business management and operations because
one of the primary roles in the human resources department is exemplary knowledge of employment
laws and company regulations.

World Class Education and ABM Strand with Enderun Colleges

Enderun Colleges is an undergraduate college and entrepreneurship school in the Philippines that is
committed to the highest international standards for excellence in education and training. Enderun
Colleges’ curriculum is designed by experts in global business and leading figures in the hospitality
industry.

The approach that Enderun Colleges has developed for education is unique and highly specialized for
excellence. As a management school, Enderun Colleges fully equips and prepares its students with all the
knowledge and tools necessary for becoming a world-class leader. The students work closely with faculty
mentors, who are highly reputable in their industry’s world stage.

The students of Enderun Colleges also have access to worldwide experience with everything from
intensive working internships both in the Philippines as well as abroad. Enderun Colleges’ campus
facilities are nothing short of the highest quality. The hotel-quality appointments and integrated learning
technologies are of the highest tier and conform to only the best in the world.
Enderun Colleges ultimately aims to impart the professional competencies, character, and specialized
skill sets required for success in today’s rapidly moving world. Enderun Colleges’ value-centered and
practical academic programs are harnessed within an internationalist environment.