Colegio de San Juan de Letran

MANAOAG
COLLEGE DEPARTMENT
COURSE LEARNING PLAN

Course Name Free Elective 3 (Basic Accounting)

Course Credits 3
Course Description This course covers the summary of basic accounting concepts, principles, procedures, and application. It includes the accounting and
reporting of the basic types of business organization such as servicing, merchandising, and manufacturing.
Course Schedule Wednesday – Friday (4:00-5:30)
Prerequisite None
Course Intended Learning 1. Understand the accounting concepts, principles, and applications.
Outcomes 2. Understand the importance of accounting in their chosen field of study.
3. Compare the accounting for sole proprietorship, partnership, and corporation.
4. Differentiate servicing, merchandising, and manufacturing accounting.
5. Generate financial statements for all types and forms of business organizations.
6. Acquire knowledge and skills to bookkeep independently.

TEACHING AND LEARNING

INTENDED
COURSE CONTENT/ SUBJECT ACTIVITIES TIME TABLE
LEARNING REFERENCES ASSESSMENT TASKS
MATTER (Hours/Week)
OUTCOMES SYNCHRONOUS ASYNCHRONOUS
Discuss the  History of accounting Valencia, Edwin & Wednesday is a Provide a short quiz on site Week 1
history and  Definitions of accounting Roxas, Gregoria. Basic synchronous session to identify if the students (3 hours)
accounting  Nature of accounting Accounting: Concepts, wherein a really understand the
profession  Functions of accounting Principles, Procedures continuation of the lesson.
 Purpose of accounting and Applications. 4th discussion will be held
 Objectives of accounting Ed., Valencia online. Short
 Scope of accounting Educational Supply, recitation will be
 Users of accounting 2014-2015 P.g 1 & 29 conducted also before
information the start of the class
to assess if the
students really
understand the
previous lesson.

Revised and Updated by: Endorsed by (Program Chair): Approved by (Vice President for Academics/Dean of College):

NOEL A. CANO, MBA KRISTINE G. DE VERA, DBA JOHN IVAN S. CLEOFE, LPT, MST
Date: September 2, 2022 Signature over Printed Name Date: September 2, 2022 Signature over Printed Name Date: September 2, 2022 Signature over Printed Name

Learn accounting  The Generally Accepted
concepts and Accounting Principles
principles  Basic Financial Statements
 Elements of Financial
Statements
 Relationships among the
Financial Statements
 Comparison of Financial
Statements
 Management Role in FS
Preparation
 Limitations of Financial
Statements
 Definitions, Classifications
and Examples of Accounts
 Real Accounts
 Nominal Accounts
Analyzing and  The Normal Balance of
Summarizing Accounts
Business  The Rules of Debit and
Transactions Credit
 Summary of Debit and
Credit Analysis
 The Basic Accounting
Equation
 The Expanded Accounting
Equation
 Working Capital
 Cash Receipts and
Disbursements
Revised and Updated by:
NOEL A. CANO, MBA
Date: September 2, 2022 Signature over Printed Name
Colegio de San Juan de Letran
MANAOAG
COLLEGE DEPARTMENT
COURSE LEARNING PLAN
Valencia, Edwin &
Roxas, Gregoria. Basic
Accounting: Concepts,
Principles, Procedures
and Applications. 4th
Ed., Valencia
Educational Supply,
2014-2015 P.g 71
Valencia, Edwin &
Roxas, Gregoria. Basic
Accounting: Concepts,
Principles, Procedures
and Applications. 4th
Ed., Valencia
Educational Supply,
2014-2015 P.g 175
Endorsed by (Program Chair):
Date: September 2, 2022
Wednesday is a Initiate a group discussion Week 2
synchronous session on site about a specific (3 hours)
wherein a problem to enhance their
continuation of the critical thinking skills.
discussion will be held
online. Short quiz will
be conducted (at the
Blackboard account)
also before the start
of the class to assess
if the students really
understand the
previous lesson.
Wednesday is a Group the students into five Week 3
synchronous session and conduct a gameplay (3 hours)
wherein a related to the topics.
continuation of the
discussion will be held Long quiz will be provided
online. Short quiz will from weeks 1 to 3.
be conducted (at the
Blackboard account)
also before the start
of the class to assess
if the students really
understood the
previous lesson.
Approved by (Vice President for Academics/Dean of College):
KRISTINE G. DE VERA, DBA JOHN IVAN S. CLEOFE, LPT, MST
Signature over Printed Name Date: September 2, 2022 Signature over Printed Name

 Owner’s Drawing
Accounting vs. the
Owner’s Capital Account
 Analyzing and Accounting
for Business Transactions
 Business Activities
 Preparation of Financial
Statements
 Relationships of Financial
Statements
Learn the proper  The recording process
way of recording  Forms of journal entries
business  Classifications of journal Accounting: Concepts, wherein a
transactions entries, recording
transactions of service
business
 Posting to the ledgers,
importance of posting
reference
 Completing the trial
balance, and preparation
of financial statements.
Learn how to  overview of adjusting
measures process,
business income  basic adjusting entries,
accruals, prepayments,
pre-collections,
depreciation, amortization, Ed., Valencia
estimated uncollectible
accounts, ending
Revised and Updated by:
NOEL A. CANO, MBA
Date: September 2, 2022 Signature over Printed Name
Colegio de San Juan de Letran
MANAOAG
COLLEGE DEPARTMENT
COURSE LEARNING PLAN
PRELIMINARY EXAMINATION Week 4
Valencia, Edwin & Wednesday is a Prepare a practice activity Week 5
Roxas, Gregoria. Basic synchronous session to let the students (3 hours)
experience what the
Principles, Procedures continuation of the content of the lesson is all
and Applications. 4th discussion will be held about.
Ed., Valencia online. Short quiz will
Educational Supply, be conducted (at the
2014-2015 P.g 237 Blackboard account)
also before the start
of the class to assess
if the students really
understood the
previous lesson.
Valencia, Edwin & Wednesday is a Prepare a practice activity Week 6
Roxas, Gregoria. Basic synchronous session to let the students (3 hours)
Accounting: Concepts, wherein a experience what the
Principles, Procedures continuation of the content of the lesson is all
and Applications. 4th discussion will be held about.
online. Short quiz will
Educational Supply, be conducted (at the
2014-2015 P.g 289 Blackboard account)
Endorsed by (Program Chair): Approved by (Vice President for Academics/Dean of College):
KRISTINE G. DE VERA, DBA JOHN IVAN S. CLEOFE, LPT, MST
Date: September 2, 2022 Signature over Printed Name Date: September 2, 2022 Signature over Printed Name

inventory, bank account
reconciliation
 journalizing adjusting
entries, posting
adjustments
 preparation of adjusted
trial balance
 preparation of the
financial statements
Completing the  the accounting cycle,
Accounting Cycle  financial statements from
the worksheet,
 journalizing and posting
adjusting entries,
 journalizing and posting
closing entries,
 nature of closing entries,
 the income summary
account,
 procedures in closing the
accounts,
 closing the beginning
inventory account,
 closing the entries,
 the post-closing trial
balance,
 reversing entries, and
 rules in reversing journal
entries.
Revised and Updated by:
NOEL A. CANO, MBA
Date: September 2, 2022 Signature over Printed Name
Colegio de San Juan de Letran
MANAOAG
COLLEGE DEPARTMENT
COURSE LEARNING PLAN
Valencia, Edwin &
Roxas, Gregoria. Basic
Accounting: Concepts,
Principles, Procedures
and Applications. 4th
Ed., Valencia
Educational Supply,
2014-2015 P.g 351
MIDTERM EXAMINATION
Endorsed by (Program Chair):
Date: September 2, 2022
also before the start
of the class to assess
if the students really
understood the
previous lesson.
Wednesday is a Prepare a practice activity Week 7-8
synchronous session to let the students (6 hours)
wherein a experience what the
continuation of the content of the lesson is all
discussion will be held about.
online. Short quiz will
be conducted (at the Long quiz will be provided
Blackboard account) from the weeks 5 to 8.
also before the start
of the class to assess
if the students really
understood the
previous lesson.
Week 9
Approved by (Vice President for Academics/Dean of College):
KRISTINE G. DE VERA, DBA JOHN IVAN S. CLEOFE, LPT, MST
Signature over Printed Name Date: September 2, 2022 Signature over Printed Name

Learn the  The nature of correcting
correcting entries entries; classification of
accounting errors as to
nature or form; discovery
of errors and their
appropriate corrections;
error discovered at the
time of journal entry;
error discovered after
posting; error discovered
after the adjusting
entries; error discovered
after closing nominal
accounts; error discovered
after closing the income
summary; summary of
correcting entries;
summary of accounting
errors; as to account
affected; and perpetual
vs. counter-balancing
errors.
Learn the  nature of a service
accounting for business
servicing  accounting for service
business income
 conventional approach
 nonconventional
approach.
Revised and Updated by:
NOEL A. CANO, MBA
Date: September 2, 2022 Signature over Printed Name
Colegio de San Juan de Letran
MANAOAG
COLLEGE DEPARTMENT
COURSE LEARNING PLAN
Valencia, Edwin &
Roxas, Gregoria. Basic
Accounting: Concepts,
Principles, Procedures
and Applications. 4th
Ed., Valencia
Educational Supply,
2014-2015 P.g 385
Valencia, Edwin &
Roxas, Gregoria. Basic
Accounting: Concepts,
Principles, Procedures
and Applications. 4th
Ed., Valencia
Educational Supply,
2014-2015 P.g 421
Endorsed by (Program Chair):
Date: September 2, 2022
Wednesday is a Prepare a practice activity Week 10
synchronous session to let the students (3 hours)
wherein a experience what the
continuation of the content of the lesson is all
discussion will be held about.
online. Short quiz will
be conducted (at the
Blackboard account)
also before the start
of the class to assess
if the students really
understood the
previous lesson.
Wednesday is a Provide a short quiz to Week 11
synchronous session identify if the students (3 hours)
wherein a really understand the
continuation of the lesson.
discussion will be held
online. Short quiz will
be conducted (at the
Blackboard account)
also before the start
of the class to assess
Approved by (Vice President for Academics/Dean of College):
KRISTINE G. DE VERA, DBA JOHN IVAN S. CLEOFE, LPT, MST
Signature over Printed Name Date: September 2, 2022 Signature over Printed Name
 Colegio de San Juan de Letran
MANAOAG
COLLEGE DEPARTMENT
COURSE LEARNING PLAN

if the students really

understood the
previous lesson.
Learn the  The nature of a Valencia, Edwin & Wednesday is a Prepare a practice activity Week 12
accounting for merchandising business, Roxas, Gregoria. Basic synchronous session to let the students (3 hours)
merchandising operating cycle of Accounting: Concepts, wherein a experience what the
business servicing and Principles, Procedures continuation of the content of the lesson is all
merchandising business and Applications. 4th discussion will be held about.
compared, comparison of Ed., Valencia online. Short quiz will
statements of Educational Supply, be conducted (at the
comprehensive income, 2014-2015 P.g 453 Blackboard account) Long quiz will be provided
nominal accounts of also before the start from the weeks 10 to 12.
merchandising business, of the class to assess
chart of accounts of if the students really
merchandising business, understood the
major business activities previous lesson.
of a merchandising firm,
trade discounts vs. cash
discounts, effects of
discount to VAT, gross
method vs. net method of
recording cash discounts,
cost of transportation,
F.O.B shipping point vs.
F.O.B. point of
destination, freight
prepaid vs. freight collect,
inventory accounting
systems, determination of
merchandise inventory,
perpetual inventory
system, periodic inventory
Revised and Updated by: Endorsed by (Program Chair): Approved by (Vice President for Academics/Dean of College):

NOEL A. CANO, MBA KRISTINE G. DE VERA, DBA JOHN IVAN S. CLEOFE, LPT, MST
Date: September 2, 2022 Signature over Printed Name Date: September 2, 2022 Signature over Printed Name Date: September 2, 2022 Signature over Printed Name
 Colegio de San Juan de Letran
MANAOAG
COLLEGE DEPARTMENT
COURSE LEARNING PLAN

system, inventory
evaluation, adjusting and
closing entries, working
paper of merchandising
business, financial
statements of
merchandising business,
adjusting entries of
merchandising business,
and post-closing trial
balance of merchandising
business.
SEMI-FINAL EXAMINATION Week 13
Learn the  The nature of a Valencia, Edwin & Wednesday is a Prepare a practice activity Week 14-15
accounting for manufacturing business, Roxas, Gregoria. Basic synchronous session to let the students (6 hours)
manufacturing chart of accounts of Accounting: Concepts, wherein a experience what the
manufacturing business, Principles, Procedures continuation of the content of the lesson is all
operating cycle of and Applications. 4th
discussion will be held about.
manufacturing business, Ed., Valencia online. Short quiz will
costs elements of Educational Supply, be conducted (at the
manufacturing business, 2014-2015 P.g 521 Blackboard account)
comparative cost flow, also before the start
prime cost and conversion of the class to assess
cost, the cost of goods if the students really
manufactured and sold, understood the
cost vs non-cost system, previous lesson.
transactions related to
manufacturing process,
comprehensive application
(non-cost system), cost
accumulation procedures,
distinction of process
Revised and Updated by: Endorsed by (Program Chair): Approved by (Vice President for Academics/Dean of College):

NOEL A. CANO, MBA KRISTINE G. DE VERA, DBA JOHN IVAN S. CLEOFE, LPT, MST
Date: September 2, 2022 Signature over Printed Name Date: September 2, 2022 Signature over Printed Name Date: September 2, 2022 Signature over Printed Name

costing and job order
costing, just-in-time (JIT)
accounting, and Activity-
based costing (ABC)
system.
Learn how to  Tax accounting;
compute taxes accounting for taxes;
and payroll payroll accounting;
accounting employee’s pay; overtime
pay; holiday pay;
deduction from gross pay;
withholding income tax;
PHILHEALTH
contributions; SSS
contributions; PAG-IBIG
Fund contributions; and
accounting for Fringe
Benefit Tax.
Understand  Special journals;
special journals relationship of special
journals and general
journal; purchases on
account journal; cash
payments journal; sales
on account journal; and
cash receipts journal.
Revised and Updated by:
NOEL A. CANO, MBA
Date: September 2, 2022 Signature over Printed Name
Colegio de San Juan de Letran
MANAOAG
COLLEGE DEPARTMENT
COURSE LEARNING PLAN
Valencia, Edwin &
Roxas, Gregoria. Basic
Accounting: Concepts,
Principles, Procedures
and Applications. 4th
Ed., Valencia
Educational Supply,
2014-2015 P.g 573
Valencia, Edwin &
Roxas, Gregoria. Basic
Accounting: Concepts,
Principles, Procedures
and Applications. 4th
Ed., Valencia
Educational Supply,
2014-2015 P.g 601
Endorsed by (Program Chair):
Date: September 2, 2022
Wednesday is a Prepare a practice activity Week 16
synchronous session to let the students (3 hours)
wherein a experience what the
continuation of the content of the lesson is all
discussion will be held about.
online. Short quiz will
be conducted (at the
Blackboard account)
also before the start
of the class to assess
if the students really
understood the
previous lesson.
Wednesday is a Prepare a practice activity Week 17
synchronous session to let the students (3 hours)
wherein a experience what the
continuation of the content of the lesson is all
discussion will be held about.
online. Short quiz will
be conducted (at the Long quiz will be provided
Blackboard account) from the weeks 14-17.
also before the start
of the class to assess
if the students really
understood the
previous lesson.
Approved by (Vice President for Academics/Dean of College):
KRISTINE G. DE VERA, DBA JOHN IVAN S. CLEOFE, LPT, MST
Signature over Printed Name Date: September 2, 2022 Signature over Printed Name
 Colegio de San Juan de Letran
MANAOAG
COLLEGE DEPARTMENT
COURSE LEARNING PLAN

COMPREHENSIVE FINAL EXAMINATION Week 18

Suggested
Readings and Valencia, Edwin & Roxas, Gregoria. Basic Accounting: Concepts, Principles, Procedures and Applications. 4th Ed., Valencia Educational Supply, 2014-2015
References
Course Aside from academic deficiency, other grounds for failing grade are:
Assessment  Grave misconduct and/or cheating during examinations
 Unexcused absences of more than 20% of required number of meetings per term
 A failing academic standing and failure to take graded exams

Classroom  Maximum allowable cuts: 3 absences or 6 hours.

Policies  Students are required to follow the Letran Dress Code in all Colegio classes.
 Students are required to uphold intellectual honesty in all class requirements and activities. This includes the need to use quotation marks for verbatim
statements lifted from another work and to cite all sources in research work through footnotes and/or bibliographies.
 The Student Handbook will serve as a guide for all school policies.
 Other classroom policies will be announced in class by each course facilitator

Course At the end of this semester, the students are required to submit the following:
Requirements  Practicum Set
 Financial Statements

Revised and Updated by: Endorsed by (Program Chair): Approved by (Vice President for Academics/Dean of College):

NOEL A. CANO, MBA KRISTINE G. DE VERA, DBA JOHN IVAN S. CLEOFE, LPT, MST
Date: September 2, 2022 Signature over Printed Name Date: September 2, 2022 Signature over Printed Name Date: September 2, 2022 Signature over Printed Name
 Colegio de San Juan de Letran
MANAOAG
COLLEGE DEPARTMENT
COURSE LEARNING PLAN

Grading
System The components for grading will include only the following: The following shall be used in the computation of grades:

Exams Projects Quizzes PRELIM GRADE: Computation is based on the Computed Total
Assignments Class Participation Research Weight Requirements

The weight requirement for grading is as follows: MIDTERM GRADE: (Tentative Midterm) (67%) + (Prelim Grade)
(33%)
Quizzes 30%
Behavior 10% SEMI-FINAL GRADE: Computation is based on the Computed Total
Class Participation 10% Weight Requirements
Attendance 10%
Major Exams 40% FINAL GRADE: (Tentative Final) (67%) + (Semi-Final Grade) (33%)
Total Points 100%

Revised and Updated by: Endorsed by (Program Chair): Approved by (Vice President for Academics/Dean of College):

NOEL A. CANO, MBA KRISTINE G. DE VERA, DBA JOHN IVAN S. CLEOFE, LPT, MST
Date: September 2, 2022 Signature over Printed Name Date: September 2, 2022 Signature over Printed Name Date: September 2, 2022 Signature over Printed Name