Republic of the Philippines Registration No.

62Q15965
JOSE RIZAL MEMORIAL STATE UNIVERSITY INSTITUTIONAL LEVEL
The Premier University in Zamboanga del Norte

COLLEGE OF BUSINESS ADMINISTRATION

Program: BS HM, BS TM, BS BA- FM, BS BA- MM

Department: Accountancy Department
Instructor/Professor: Mr. John Kent S. Lacquio _____________
COURSE SYLLABUS
Course
Pre-requisites: None BRDG 1 Day & Time:
Code
Unit of Credit: 3 units Room:
Course
No. of Hours: 54 Hours Fundamentals of Accounting Consultation Hours:
Title

Jose Rizal Memorial State University adheres to the principle of dynamism and cultural diversity in building a just
PHILOSOPHY
and humane society.
A dynamic and diverse internationally recognized University
VISION
A dynamic, inclusive, and regionally-diverse University in Southern Philippines
Jose Rizal Memorial State University pledges to deliver effective and efficient services along research, instruction,
production and extension.
MISSION
It commits to provide advanced professional, technical and technopreneurial training with the aim of producing
highly competent, innovative and self-renewed individuals.

Globally-competitive educational institution;

Resilient to internal and external risks hazards;

GOALS Innovative processes and solutions in research translated to extension engagements;

Partnerships and collaborations with private enterprise, others HEIs, government agencies, and alumni;

Sound fiscal management and participatory governance

 Graduate Attributes of
Ilustrado Tribe (GAIT)
addressed by the Course
Program Outcome/s
addressed by the Course
Globally Competitive industry relevant, Effective Communicator, Innovative, Service Driven, Life Long Learners.
1. Initiate in resolving emerging business issues and problems with innovative thinking having a global perspective by following the
international accounting and aufiting standards in the areas of financial accounting and reporting, cost accounting and management,
internal control, taxation and accounting information system applying accounting software in generating reports and making
decisions.
2. Apply extensive learnings in the Philippines Financial Reportig Standards, Philippine Standards on Auditing, National Internal
Revenue Code, Accountancy Law and other regulatoryframeworks necessary for them to excel in actual workplace while
establishing competence, professionalism, ethics, integrity, objectivity and due care for the pursuit of a rewarding career in all fields
of Accountancy.
3. Proactive communicate innovative ideas and relevant information in making financial and nonfinancial decisions with stakeholders
across all communication platforms.
4. Conduct accountancy research through independent studies of relevant literature and appropriate use of accounting teories and
methodologies analyzing results of the study by applying technology as a tool and make business decisions based on the findings
fof the research.
5. Exercise high moral and ethical standards committing to good corporate citizenship and social responsibility in performing functions
as accountant while maintaining Rizal’s ideals of nation building, curiosity and community service.

This course is designed to help students understand the fundamental accounting concepts and principles, as well as to develop the capability
to perform the basic accounting functions. This course deals with analyzing, recording and processing business transactions commonly
Course Description engaged by sole proprietor of a service enterprise. More importantly, students will learn how accouting information assists the users of the
financial statements in making economic decisions.

Learning Learning Formative Summative

Course Outcomes Learning Outcomes Topics References
Activities Materials Assessment Assessment
1. Demonstrate an Identify basic accounting The Accounting Fundamentals Textbook, Analyzing and
understanding of the basic principles, types of Profession and Its of Accounting Read the module Module, Laptop, Practice Set answering Problems
accounting background, business organization and Environment and answer Smartphones,
principles, and assigned activities Calculator
basic financial statements Accounting and
requirements of the therein.
Business
accounting profession as Apply the concepts of (Rafael M.
well as developing the debit and credit regarding Accouting: the Lopez, Jr.)
skills and knowledge in the normal balance of the Language of
how to prepare financial elements of accounting. Business
 statements of a service Analyses of
concern Transaction and
Rules of Debit
and Credit
Journalize business Journalizing Fundamentals Textbook, Practice Set
transaction, and prepare of Accounting Read the module Module, Laptop,
posting and trial balance. and answer Smartphone,
Posting to the assigned Calculator
Ledger activities therein.
(Rafael M.
Ethical Dilemma Lopez, Jr.)
Trial Balance
Preparation

2. Develop the skills and Understand the need of End of Period Fundamentals Read the module Textbook, Practice Set Analyzing and
knowledge on business adjusting entries and the Adjustments of Accounting and answer Module, Laptop, answering Theories
transactions as well as their effects of adjusting entries assigned activities Smartphone, & Problems
analysis then applying the therein. Calculator (Multiple Choice
to financial statements.
entire accounting process Exam)
using sample activity sheets. (Rafael M.
Lopez, Jr.)
Prepare worksheet and Worksheet and
make financial Financial
statements. Statements

Understand the reason Closing Entries Fundamentals Read the module Textbook, Practice Set
why is there a need to of Accounting and answer Module, Laptop,
close the books of assigned activities Smartphone,
therein. Calculator
accounts at the end of the
period and what are the (Rafael M.
accounts to be closed. Lopez, Jr.)
Prepare a closing entries, Post-closing trial
post-closing trial balance balance
and reversing entries
Reversing Entries
References

 Lopez, R., (2015). Learning the Basics of ACCOUNTING (Simplified Procedural Approach-Near to Self-teaching). Davao City, Philippines: MS LOPEZ Printing &
Publishing
 Salosagcol, J., (2018). ACCOUNTING. 873 Padre Campa Street, Sampaloc, Manila, Philippines: RE LEONE Publishing,

Grading Plan

The following are the criteria for grading:

30% - Major Examination (Midterm or Final)

30% - Quizzes
40% - Performance Tasks (projects/assignments/activities/recitations, works, seat works, output)
100%
Transmutation shall be based on 0=50% grading system

General Average (GA) is the grade that appears in the transcript of records for a certain course which is 50% of the Midterm Grade + 50% of the Final grade).

Classroom Rules of Conduct

1. Course requirements must be submitted on time.

2. Plagiarism is strictly prohibited. Be aware that plagiarism in this course would include not only using another’s words, but another’s specific intellectual posts in social
media. Assignments must be done independently and without reference to another student’s work. Any outside sources used in completing an assignment, including
internet references must be fully cited on any homework assignments or exercises.
3. All students should feel free to talk to the instructor face-to-face or through media during office hours.
4. Academic accommodation are available for students with special needs. Students with special needs should schedule an appointment with the instructor early in the
semester to discuss any accommodations for this course.
5. Students shall give feedback to the instructor at least once every two weeks.

Prepared: Noted: Noted: Approved/Disapproved:

JOHN KENT S. LACQUIO ANNA RHEA MICHELLE S. BUREROS, MBA AMIEL B. ANDIAS, DPA, DBA ALICE MAE M. ARBON, Ph. D.
Signature over Signature over Printed Name of Program Chair Signature over Printed Name of Signature over Printed Name of
Printed Name Associate Dean VPAA
Date: Date: Date: Date:
Date Revised: _____________