Grade Level: Grade 12

Subject: Fundamentals of Accountancy, Business and Management 2

Quarter Content Standards Performance Standards Most Essential Learning competencies Duration K to 12 CG Code

The learners demonstrate an The learners are able to… The learner…
understanding of…
Q1 account titles under the solve exercises and problems identify the elements of the SFP and Week 1 ABM_FABM12-
assets, liabilities, and capital that require preparation of an describe each of them Ia-b-1
accounts of the Statement of SFP for a single proprietorship prepare an SFP using the report form ABM_FABM12-
Financial Position, namely, with proper classification of and the account form with proper Ia-b-4
cash, receivables, accounts as current and classification of items as current and
inventories, prepaid noncurrent using the report form noncurrent
expenses, property, plant and the account form
and equipment, payables,
accrued expenses, unearned
income, long-term liabilities
and capital that will equip
him/her in the preparation
of the SFP using the report
form and account form
the service income and solve exercises and problems identify the elements of the SCI and Week 2 to 3 ABM_FABM12-
operating expenses of a that require preparation of SCI describe each of these items for a Ic-d-5
service business as well as for a service business and a service business and a merchandising
sales, contra sales, purchases, merchandising business business
contra purchase accounts, prepare an SCI for a service business ABM_FABM12-
cost of goods sold and using the single-step approach Ic-d-6
general administrative and prepare an SCI for a merchandising ABM_FABM12-
selling expenses of a business using the multistep approach Ic-d-7
merchandising business that
will equip him/her in the
preparation of the SCI for
both service and
merchandising businesses

Quarter Content Standards
The learners demonstrate an
understanding of…
the forms of business
organization,
namely, single proprietorship,
partnership, and corporation,
and the structure of a SCE of a
single proprietorship that will
equip him/her in the
preparation of the said
financial report
the components and the
structure of a CFS that will
equip him/her in the
preparation of the said
financial report
the methods or tools of
analysis of financial
statements to include
horizontal analysis, vertical
analysis, and financial
ratios to test the level
of liquidity, solvency,
profitability, and stability of
the business
the types of bank
accounts, basic
transactions, and
587
Performance Standards Most Essential Learning competencies Duration K to 12 CG Code
The learners are able to… The learner…
solve exercises and problems prepare an SCE for a single Week 4 BM_FABM12-Ie-9
that require preparation of an proprietorship
SCE for a single proprietorship
solve exercises and problems discuss the components and structures Week 5 ABM_FABM12-If-
that require preparation of a CFS of a CFS 10
prepare a CFS ABM_FABM12-If-
11
solve exercises and problems define the measurement levels, Week 6 to 7 ABM_FABM12-
that require computation and namely, liquidity, solvency, stability, Ig-h-12
interpretation using horizontal and profitability
analysis, vertical analysis, and perform vertical and horizontal ABM_FABM12-
various financial ratios analyses of financial statements of a Ig-h-13
single proprietorship
Using the downloaded sample compute and interpret financial ratios ABM_FABM12-
financial statements, he/she such as current ratio, working capital, Ig-h-14
performs horizontal and vertical gross profit ratio, net profit ratio,
analysis, computes various receivable turnover, inventory
financial ratios and interprets the turnover, debt-to-equity ratio, and the
level of liquidity, solvency, like
stability, and profitability of
the business
share samples of bank identify the types of bank accounts Week 8 to 9 ABM_FABM12-
account forms and documents in normally maintained by a business IIc-5
class and discuss their uses and prepare bank deposit and withdrawal ABM_FABM12-
importance slips IIc-7
Quarter Content Standards
The learners demonstrate an
understanding of…
documents related to bank
deposits and withdrawals
Q2 a bank reconciliation
statement, its nature and
structure, and reconciling
items and methods of
preparation
the sound principles of
taxation, its purpose, and
preparation of forms and
payment of taxes
Performance Standards Most Essential Learning competencies Duration K to 12 CG Code
The learners are able to… The learner…
identify and prepare checks ABM_FABM12-
IIc-8
identify and understand the contents of ABM_FABM12-
a bank statement IIc-9
solve exercises and problems describe the nature of a bank Week 1 to 2 ABM_FABM12-
involving the following: reconciliation statement IId-10
1. Identification of the proper analyze the effects of the identified ABM_FABM12-
treatment of reconciling reconciling items IId-12
items in the bank prepare a bank reconciliation ABM_FABM12-
reconciliation statement statement IId-13
2. preparation of a bank
reconciliation statement
accomplish the BIR (Bureau define income and business taxation Week 3 to 5 ABM_FABM12-
of Internal Revenue) forms and its principles and processes IIh-j-15
explain the procedure in the ABM_FABM12-
computation of gross taxable income IIh-j-17
and tax due
explain the principles and purposes of ABM_FABM12-
taxation IIh-j-19