COLLEGE FOR RESEARCH AND TECHNOLOGY OF CABANATUAN

DEL PILAR ST., CABANATUAN CITY

SUBJECT TITLE:
FUNDAMENTALS OF ACCOUNTANCY,
BUSINESS AND MANAGEMENT 1
SUBJECT CODE: FABM1
DURATIONS: 80 hours/ semester

1st Quarter of 1st Semester S.Y 2020-2021

No. Modules Lessons Week

1 Introduction to Accounting 1.1 Definition and Nature of Accounting 1
1.2 Function and History of Accounting
2 Branches of Accounting 2 Varied branches of Accounting 2
 Public Accounting
 Private Accounting
 Government Accounting
 Accounting Education
3 Users of Accounting Information 3 External and Internal Users 3
4 Forms of Business Organizations and 4.1 Forms of Business Organization 4&5
types of Business According to - Sole Proprietorship
Activities - Partnership
- Corporation
- Cooperation
4.2 Types of Business According to
Activities
- Service business
- Merchandising business
- Manufacturing business
5 Accounting Concepts and Principles 5.1 Conceptual Framework of Accounting 6
5.2 Basic Accounting Principles
6 The Accounting Equation and types of 6.1 Accounting Equation 7&8
Major Accounts 6.2.1 Five Types of Major Accounts
6.2.2 Definition and Preparation of Chart
of Account
7 Books of Accounts 7.1 Two Major Types of Accounts 9
 Journal (Special & General Journal)
 Ledger (General & Subsidiary Ledger)

2nd Quarter of 1st Semester S.Y 2020-2021

8 Accounting Cycle of a Service Business 8.1 Definition of Accounting Cycle

8.1.1 Step 1 Analyzing business
transaction from the source of documents
8.1.2 Step 2 Journalizing business
transactions
8.1.3 Step 3 Posting to the ledger
8.1.4 Step 4 Preparing trial balance 1-5
8.1.5 Step 5 Journalizing and posting
adjusting journal entries

9 Accounting Cycle of a Merchandising
Business
8.1.6 Step 6 Preparing the adjusted trial
balance
8.1.7 Step 7 Preparing the financial
statements
8.1.8 Step 8 Journalizing and posting
closing entries
8.1.9 Step 9 Preparing post-closing trial
balance
8.1.10 Step 10 Journalizing and posting
reversing journal entries
9.1 Definition and Nature of 6-9
Merchandising Business
9.1.1 Step 1 Analyzing business
transactions from source documents
9.1.2 Step 2 Journalizing business
transaction
9.1.3 Step 3 Posting to the ledger
9.1.4 Step 4 Preparing the trial balance
9.1.5 Step 5 Gathering adjustment and
preparing a work sheet
9.1.6 Step 6 Preparing financial
statements
9.1.7 Step 7 Journalizing and posting
adjusting journal entries
9.1.8 Step 8 Journalizing and posting
closing journal entries
9.1.9 Step 9 Preparing a post-closing trial
balance
9.1.10 Step 10 Journalizing and posting
reversing journal entries