University of Cebu-Lapulapu and Mandaue

College of Business and Accountancy

BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION
Mandaue City

Course Guide in FUNDAMENTALS OF ACCOUNTING 1 School Year : 2020-2021

Semester/Term: 1st Semester Revision Date : August 30, 2020
I. Course Information

Course Code: ACCTG. 111 LEC Units 3 Course Description:

Fundamentals of This course will cover introduction to financial accounting within the context of business and business decisions. It will
Course Title: LAB Units: 0
Accounting 1 explore the development of accounting information and the use of various types of accounting information found in
financial statements and annual reports. It will emphasize what accounting information is, why it is important and how it
Pre-requisite(s): None LEC Hours: 3 is used by economic decision makers. Specifically, it will cover introduction to business and decision making, basic
structure and development of useful accounting information, understanding the basic financial statements ( balance
Co-requisite(s): None LAB Hours: 0 sheet, income statement, statement of owner’s equity, and statement of cash flows ), forms of outside assurance on
financial statements; and analysis of accounting information.
II. Institutional Statements of Vision, Mission, Core Values and Graduate Outcomes
UC Vision (UCV) UC Mission (UCM) UC Core Values (UCCV) UC Graduate Outcomes (UCGO)
UCV1. Democratize University of Cebu commits to: These are the core values that UC believes in: UC Graduates will be able to:
quality
education. UCM1. Serve as an active catalyst in providing UCCV1. Innovation"Be the visionary and the UCGO1. Demonstrate skills and competencies in one’s educational
efficient and effective delivery of industry leader." level and field of discipline for lifelong learning;
UCV2. Be the educational services;
visionary and UCCV2. Camaraderie"Living in the spirit of UCGO2. Express proficiency in both oral and written
industry UCM2. Pursue excellence in instruction, research harmony and approachability." communication;
leader. and community service towards social
UCCV3. Alignment"All activities are geared UCGO3. Demonstrate social accountability and ethical responsibility
and economic development as well as
UCV3. Give hope and towards core values and priorities." towards the community and the environment;
environmental sustainability; and
transform
UCCV4. Respect"Always a professional, mindful of UCGO4. Exhibit proactive and collaborative attributes in diverse
lives. UCM3. Foster an organizational culture that
God, university, the community and self." society;
nurtures employee productivity and
engagement. UCCV5. Excellence"To be great at whatever it is we UCGO5. Utilize appropriate technology; and
do and go for the best."
UCGO6. Manifest ethical behavior in diverse situations.
 University of Cebu-Lapulapu and Mandaue
College of Business and Accountancy
BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION
Mandaue City

Course Guide in FUNDAMENTALS OF ACCOUNTING 1 School Year : 2020-2021

Semester/Term: 1st Semester Revision Date : August 30, 2020
III. Departmental Statements of Vision, Mission and Core Values

CBA Vision CBA Mission CBA Core Values CBA Objectives

Improved lives In advancing the institutional mission and vision, the College of Business and Accountancy offers Core Values that CBA believes in: Consistent with the institutional vision,
through quality relevant, quality, quality and entrepreneurial business education programs. It commits to: mission and goals, the college of business and
business 1. Competence “sufficiency of accountancy aims to produce world-class
- utilize its resources and capabilities consistent with the principle of quality in delivering knowledge and expertise” graduates in a nurturing environment who
education
educational services; 2. Excellence “doing thins the are:
- prepare students to be technically proficient, socially responsible business professionals and serve best wat it should be done” 1. Competent business leaders and
as active agents in development; 3. Conformance to standards” professionals;
- employ and develop competent and committed faculty in instruction, research and community constant commitment to 2. Active agents in development; and
extension; and improvement”
3. Ethically and morally upright
- engage and empower students, faculty and other stakeholders to undertake meaningful tasks individuals.
that have societal and environmental value.

IV. Institutional and Departmental VMCV Mapping Institutional  College

CBA CBA CBA Core Values
UCV UCM UCCV UCGO CBA Mission
Vision Objectives
Graduate Attributes (GAs)
1 2 3 1 2 3 1 2 3 4 5 1 2 3 4 5 6 1 1 2 3 4 1 2 3 1 2 3

           
GA1. Lifelong Learner
      
GA2. Effective Communicator
           
GA3. Ethically Responsible
            
GA4. Socially Collaborative
           
GA5. Team Player
              
GA6. Technically Competent
                 
GA7. Entrepreneurial

V. PEO and PO Program Educational Objectives

Program Educational Objectives (PEO)
The Bachelor of Science in Business Administration program aims to equip graduates to be engaged in commerce and industry, government and education in the fields of Human Resource
Development, Marketing, Finance, Accounting, Management Advisory Services, Operations, Business Economics and other related fields.
Graduates are expected to address the following job profiles:
*Management Trainee *Supervisors
*Field Researcher *Managers
*Administrative Personnel *Entrepreneurs
*Corporate Analyst

Program Outcome (PO) Course Intended Learning Outcome (CILO) Levels of Activation
The Bachelor of Science in Business Administration aims to produce graduates who CILO 1:Describe the nature, functions, scope and limitations of accounting, its major uses
can: and users, its relationship to other discipline and its professional status. I-Introduced
1. Do entry-level jobs in areas of human resource, marketing, accounting and CILO 2: Identify the proper accounting of economic events of a sole proprietorship form of E-Enabled
finance; business organization engaged in service and merchandising business. D-Demonstrate
CILO 3: Explain the logic of double-entry bookkeeping and the nature and significance of
2. Communicate and collaborate effectively; each step in the accounting cycle.
CILO 4: : Use the double-entry techniques, be able to identify, analyze, record, classify, and
3. Utilize information technology; summarize typical transactions of a single proprietorship engaged in a service and
merchandising business.
4. Contribute to socio-economic development and environmental
CILO 5: Prepare in good form with or without a worksheet a properly classified Statement of
sustainability; and
Recognized Income and Expenses, Statement of Financial Position, Statement of
5. Adhere strictly to professional ethical standards. Changes in Owner’s Equity and Statement of Cash Flows for a single proprietorship
engaged in service and merchandising business.
CILO 6: Integrate the values of honesty, objectivity, integrity, neatness, speed and accuracy
in the accounting process.
THIS COURSE IS EXPECTED TO ACTIVATE CILO # Program Outcome (PO) #s
1 2 3 4 5 6 1 2 3 4 5 6
I I I I D D I D I DIII

VI. Course Outputs

 Course Activity Weight Other specifics

Aside from covering the CILO for the period, the examination should, in a balance manner, cover course
Major Examinations 33%
topics, topic outcomes, and performance indicator. The three learning domains should also be considered.

Class Standing

Quizzes 40% Topic outcome should be given more weight

Homeworks/assignments/presentations 27% Should be leaning towards performance indicator, interaction among students should be encouraged.
Teacher’s involvement should be ideally minimal.
67%

Total 100%

VII. Course Details

 Time
frame
Preliminaries Topic Objective Teaching Learning Activities Tools Assessment
and
date

Asynchronous Synchronous Asynchronous Synchronous

1. PRELIM. The I. Accounting and Business At the end of the Week 1 Download E- Lecture LMS LMS Let the
students 1. Importance of Accounting in Business sessions, the students book/ online presentation students submit
demonstrate an 2. Importance of Keeping Business are able to: resources using Google Google meet a journal on
understanding of… Records meet./ zoom their learning
3. Generally Accepted Accounting *familiarize the Downloaded Zoom
relating to the
Principles (GAAP) background of the Video/YouTube
Facebook topic.
4. Basic Accounting Assumptions accountancy
The accountancy 5. Elements of Financial Statements profession , the career
Online research Skype
profession and its 6. Financial Statements opportunities of a
7. Users of Financial Statements. LMS Facebook
development. CPA and salient Cell phone Let the
messenger
points of the students
Philippine Google Forms Laptop/PC answer
Accountancy Act of exercises and
2004. May chat to the Power Point problems on
teacher/peer for Presentation the topic
*understand the assistance.
importance of Laptop/PC/phone Quiz on the
accounting in topic
business as well as
the keeping of
II. Analysis of Transactions and records. Week 2 -
Let the
Rules of Debit and Credit 3
students submit
1. Bookkeeping differs from Accounting *to gain familiarity of
a journal on
2. Business Transactions and Events account
The analysis of Google meet their learning
3. Analysis of Business Transactions classifications and Online research
business relating to the
4. Account Titles Downloaded
transactions and the
5. The “T” Account
rules of debit and 6. An Account Balance account titles. Lecture Video/YouTube topic.
credit. 7. Debit and Credit presentation
8. Basic Accounting Equation *identify, analyze and using Google Zoom
9. Rules of Debit and Credit measure a business meet./ zoom
10. Application of the rules transaction. Facebook
11. Drafting Financial Statements messenger
*to know the purpose May chat to the Facebook Let the
of a T-account and teacher/peer for students
learn the debit and assistance. answer
Google Forms exercises and
credit balances of Skype
accounts. problems on
the topic
*acquire knowledge Power Point
LMS
on accounting Presentation Cell phone
equation, the debit
and credit rules and Online research Laptop/
its application Quiz on the
Weeks 4 Laptop
Journalizing III. Journalizing Transactions topic
*understand that by
business 1. Source Documents
knowing the source
transactions. 2. Double-entry system of bookkeeping
3. Books of Accounts documents as the first
4. General Journal sequential step, we Let the
5. General Ledger would be able to May chat to the students submit
6. Recording Process determine the value teacher/peer for a journal on
7. Chart of accounts received and value assistance. their learning
8. Correcting an Erroneous JournalEntry parted with, leading Lecture relating to the
Downloaded Google meet
to the journalizing presentation topic.
process. using Google Video/YouTube
meet./ zoom
*know what are the Zoom
books of accounts,
Facebook
the use of a General
messenger Let the
journal and a General
Facebook students
ledger.
answer
exercises and
problems on
 LMS Google Forms Skype the topic

Quiz on the
topic
Power Point Cell phone
Presentation

Laptop/PC/phone PRELIM
Laptop/PC EXAM

2 MIDTERM. The IV.Posting to the Ledger and At the end of the Week 5 - Online research Lecture Downloaded Google meet Let the
students Trial Balance Preparation sessions, the students 6 presentation Video/YouTube students submit
demonstrate an are able to: using Google a journal on
understanding of… 1. Procedures in Posting Journal Entries meet./ zoom their learning
to the Ledger *acquaint the proper Zoom
relating to the
Posting to the ledger 2. Footing the Ledger use of a ledger under Facebook
topic.
and trial balance 3. Procedures in Preparing a Trial the manual messenger
preparation. Balance accounting systems
4. Errors in the Trial Balance May chat to the Facebook
and develop skills in teacher/peer for
5. Locating Errors in the Trial Balance
the posting process. assistance. Google Forms
LMS Let the
*prepare a trial Skype
balance and learn students
how to locate errors Power Point answer
in the trial balance. Presentation exercises and
End of the period Cell phone problems on
adjustments.
Laptop/PC/phone the topic
V. End of the Period Weeks 7 Quiz on the
Adjustments Laptop/PC
-9 topics.
1. Periodicity Concept
* know and
2. Revenue and Expense Recognition
Principle understand the
3. Adjustments for Deferrals purpose and types of
adjusting entries. MIDTERM
3.2 Allocating Assets to
Expenses Prepaid Expenses EXAM
3.3 Allocating Revenues Received in *learn the recording
of acquisition and
 Advance to Revenues. sale of property and
4 Adjustments for Accruals equipment.
4.2 Accrued Expenses
4.3 Accrued Revenues *learn and understand
5 Accrual for Uncollectible Accounts the methods of
6 Effects of Omitting Adjustments inventory valuation.

3. SEMIFINAL. VI. Worksheet and Financial Statements At the end of the Weeks Downloaded Google meet Let the
The students 1. Worksheet sessions, the students 10 -14 Video/YouTube students submit
demonstrate an 2. Procedures in Preparing a 6-column are able to: a journal on
understanding of… worksheet, 8-column worksheet their learning
and 10-column worksheet *learn and understand Zoom
relating to the
Worksheet and 3. Financial Statements how the worksheet Facebook
topic.
Financial 3.1 Statement of Recognized becomes a tool in messenger
Statements. Income and Expenses preparing financial Facebook
3.2 Statement of Financial Position statements.
3.3 Statement of Changes in
Owner’s Equity Google Forms
3.4 Statement of Cash Flows Skype Let the
4. Relationship between Controlling students
Accounts and Subsidiary Ledgers. answer
Power Point
Presentation exercises and
Cell phone problems on
Laptop/PC/phone the topic
*know the reasons
Quiz on the
why is there a need to Laptop/PC
topics.
close the books of
4. FINAL
VII. Closing Entries, Post-Closing Trial accounts at the end of
The students Balance and Reversing Entries. the period. Weeks
demonstrate an 1. Closing Entries 15-17 SEMI FINAL
2. Procedures in Closing the Nominal *prepare a post- EXAM
understanding of…
Accounts closing trial balance
Closing entries, 3. Post-Closing Trial Balance and be ready for the
4. Opening Entry opening of a new set
post-closing trial
5. Items on accounts that are
balance and reversed. of accounting records Let the
reversing entries. 6. Illustration in accrued item for the next students submit
adjustments. accounting period. Downloaded a journal on
Illustration on deferred item adjustments Video/YouTube their learning
whose original entries used the expense and *know what are the Google meet
relating to the
income methods of recording prepayment accounts that need topic.
and pre-collection. reversing entries.
Zoom
VIII. ANCILLIARIES
A. Instructional Methods
B. Technological Requirements
C. Final Course Requirement
D. Language of Submission
E. Academic Integrity
F. Submission Policies
G. Communication Policies
Online and offline
Video conferencing, chats, scheduled and managed topical readings, writing reflections, discussion, groupworks, peer assessment,
feedbacking, viewing documentaries and feature relating to the subject.
 All students must have gmail account, this will be used primarily for Google Classroom, Google Meet
 Facebook account using complete real name
 Laptop/tablet/smartphones/TV (1 of 4 may suffice)
 Facebook Messenger, Gmail, YouTube, Zoom, Webex applications.
(as required by teacher) on top of all assessment activities required by the teacher.
English
Everyone shall avoid cheating or reduplication of work. All works shall include proper citations whenever necessary.
Make sure to submit on time all requirements as indicated in the course guide. All requirements shall be submitted within 10 days
after the last meeting of the semester or as required by the teacher but in no case fewer than seven (7) days. Submitted files shall
be in PDF Format. Online tasks as announced every class must be submitted as instructed by the teacher.
On Announcements:
Announcements will be posted in Google Classroom and this may also be automatically sent to students’ email via google
classroom. Checking of messages regularly is necessary as they contain important information about the upcoming activities or
class concerns.
On Inquiries:
Questions related to the course such as clarification about assignments, course materials, or assessments shall be posted in the
Google Classroom. Classmates may share inputs or insights to answer the concern.
For concerns related to the course which need private discussion with the teacher, students may use Facebook Messenger, Email or
SMS.
On E-mails:
 When sending messages, please do the following:
In the subject line, please follow this format: NAME | COURSE | CONCERN OR TASK | WEEK NUMBER |

Do not send messages asking general information about the class, please post those in the Google Classroom.

Virtual Office Hours:

Twice a week, the teacher will be available for virtual consultation. Virtual office hours will be one hour in the morning and one in
the afternoon using group chat in Facebook Messenger or Email. Concerns and messages sent through e-mail will also be answered
during the announced virtual office hours.
H. Netiquette 1. Compose your comments and messages in a positive, supportive and constructive manner.
2. Give honest feedback.
3. Observe virtual office hours.
4. Avoid uttering swear words, visiting inappropriate sites.
5. Observe proper behavior in the virtual classroom.
6. Be a proactive and an active learner always.

7. Professor’s Information

Name : CONCEPCION Y. PANIMDIM, MSBA, CPA

Consultation Hours : 4:30 - 5:30 PM Monday - Thursday

Mobile Number : 09332754070 / 09952276049

E-mail Address : panimdimconcepcion@gmail.com

Facebook Messenger : Connie Panimdim

I. Reference Materials *Ballada, Win (2020 Edition). Basic Financial Accounting and Reporting. DomDane Publishers and Made Easy Books
*Lopez, Rafael ,Jr. (2020 Edition). Fundamentals of Accounting. MS LOPEZ Printing and Publishing, Davao City.
* Accounting Today Journal. New York: Source Media Inc.
* Accounting Research Journal. www.picpa.com