Department of Business Administration

CBM 4 – Course Syllabus

COURSE INFORMATION
1. Course Number : CBM 4
2. Course Name : Fundamentals of Accounting
3. Course Description : This course provides a reinforcement of basic accounting, within the context
of business and business decisions. Emphasis is placed on understanding the reasons underlying basic
accounting concepts and providing students with an adequate background on the recording of transactions,
their classifications and reporting function of accounting in a service concern through the preparation of
Statement of Financial Position, Income Statement, Statement of Changes in Equity, and Cash Flow Statement.

4. Pre-requisite : None
5. Co-requisite : None
6. Credit : 3.0 units
7. Class schedule : 6 hours per week

8. Program Educational Objectives (PEO) of Department of Accounting Education:

Three to five years after graduation, the Accounting Education graduates are expected to:

A. 1. Engage in business undertakings and/or in the field of accounting that contribute to the
development of their community.
2. Pursue a successful career in accounting through relevant trainings and involvement in
the continuing professional development programs of the profession and/ or in
advanced studies.
3. Involve actively as partners in the civic program of the community.

9. Student Outcomes (SO) of BSA graduates and their links to PEO

STUDENT OUTCOMES (SO) PEO
Upon completion of the program, BSBA students will demonstrate: 1 2
A Articulate and discuss the latest developments in the specific field of practice. ✔ ✔
B Effectively communicate orally and in writing using both English and Filipino ✔ ✔
C Work effectively and independently in multi-disciplinary and multi-cultural teams. ✔ ✔
D Act in recognition of professional, social, and ethical responsibility ✔ ✔
E Preserve and promote “Filipino and cultural heritage” ✔ ✔
F Describe the basic functions of management such as planning, organizing, leading and ✔ ✔
controlling.
G Identify and describe the basic concepts that underlie each of the functional areas of ✔ ✔
business (marketing, finance, human resource management, production and operations
management, information technology, and strategic management) and employ these
concepts in various business situations
H Select the proper decision-making tools to critically, analytically and creatively solve ✔ ✔
problems and drive results.
I Express clearly and communicate effectively with stakeholders both in oral and written ✔ ✔
forms
J Apply information and communication technology (ICT) skills as required by the business ✔ ✔
environment
K Work effectively with other stakeholders and manage conflict in the workplace ✔ ✔
L Organize and lead groups to plan and implement business related activities ✔ ✔
M Demonstrate corporate citizenship and social responsibility; and ✔ ✔
N Exercise high personal moral and ethical standards ✔ ✔
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 Department of Business Administration
CBM 4 – Course Syllabus

O Resolve business issues and problems, with a global and strategic perspective using ✔ ✔
knowledge and technical proficiency in the areas of financial accounting and reporting,
cost accounting and management, accounting and control, taxation, and accounting
information systems;
P Conduct accountancy research through independent studies of relevant literature and ✔ ✔
appropriate use of accounting theory and methodologies;
Q Employ technology as a business tool in capturing financial and non-financial information, ✔ ✔
generating reports and making decisions;
R Apply knowledge and skills to successfully respond to various types of assessments; and ✔ ✔
(including professional licensure and certifications); and
S Confidently maintain a commitment to good corporate citizenship, social responsibility ✔ ✔
and ethical practice in performing functions as an accountant
T Graduates of universities participate in the generation of new knowledge or in research ✔ ✔
and development program.
Note: * SO being addressed in this course

10. Course Outcomes (CO) BSBA and their links to SO

Upon SO
completion of
the course, BSA
A B C D E F G H I J K L M N O P Q R
students are
expected to:
CO1.Distinguis
h accountable
and non-
L P O P O L L L O O O O P O L P O L
accountable
business
transactions.
CO2. Create
journal entries,
financial
statements,
L P O P O L L L O O O O P O L P O L
and other
reports for a
service concern
business.
Legend: Level

[L] = Facilitate Learning of the competence (input is provided and competency is evaluated).
[P] = Allow students to practice competencies (no input but competency is evaluated).
[O] = Provide opportunity for development (no input or evaluation, but there is opportunity to practice
the competencies).

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 Program Educational Objectives (PEO)

The University of Mindanao

s to be a leading globally engaged Department of Business Administration
ty creating sustainable impact in
CBM 4A. –Engage
Course Syllabus
in business undertakings
and/or in the field of accounting that
The University of Mindanao seeks contribute to the development of their
de a dynamic learning environment community.
the highest standard of instruction,
h, and extension, and production in B. Pursue a successful career in
vate non-sectarian institution accounting through relevant trainings and
involvement in the continuing profession
ed to democratizing access to
and/or in advanced studies.
on.
C. Involve actively as partners in the civic
Excellence, Honesty & Integrity, program of the community.
ork and Innovation

Competency: Quality, Affordable,

ducation

Student Outcomes (SO)

Course Outcomes (CO)

*Articulate and discuss the latest developments in the specific field of practice.
*Effectively communicate orally and in writing using both English and Filipino
*Work effectively and independently in multi-disciplinary and multi-cultural teams.
*Act in recognition of professional, social, and ethical responsibility
*Preserve and promote “Filipino and cultural heritage”
*Describe the basic functions of management such as planning, organizing, leading and controlling.
*Identify and describe the basic concepts that underlie each of the functional areas of business
(marketing, finance, human resource management, production and operations management,
information technology, and strategic management) and employ these concepts in various business
1. Distinguish accountable and non-
situations accountable business transactions.
*Select the proper decision-making tools to critically, analytically and creatively solve problems and
drive results.
2. Create journal entries, financial
*Express clearly and communicate effectively with stakeholders both in oral and written forms
*Apply information and communication technology (ICT) skills as required by the business statements, and other reports for a
environment service concern business.
*Work effectively with other stakeholders and manage conflict in the workplace
*Organize and lead groups to plan and implement business related activities
*Demonstrate corporate citizenship and social responsibility; and
*Exercise high personal moral and ethical standards
*Resolve business issues and problems, with a global and strategic perspective using knowledge and
technical proficiency in the areas of financial accounting and reporting, cost accounting and
management, accounting and control, taxation, accounting information system.
*Conduct accountancy research through independent studies of relevant literature and appropriate
use of accounting.
*Employ technology as a business tool in capturing financial and non-financial information, preparing
reports and making decisions.
*Apply knowledge and skills to successfully respond to various types of assessments (including
professional licensure and certifications).
*Confidently maintain a commitment to good corporate citizenship, social responsibility and ethical
practice in performing functions as an accountant.
*Graduates of universities participate in the generation of new knowledge or in research and
development program.

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 Department of Business Administration
CBM 4 – Course Syllabus

CO and Assessment task alignment

Assessment Task

CO Assessment Coverage
Schedule
Theory-based Practice-based

CO 1 Multiple Choice First *Accounting and its

Examination Examination Environment

*Accounting Equation, the

Double-entry System, Analyses
of Transactions and Rules of
Debit and Credit

*The Accounting Cycle (An

Introduction)

CO 2 & CO 3 Practice Problems Second The Bookkeeping Phase of the

Examination Accounting Cycle
(Practice Set:
Journalizing up to
Trial Balance)

CO 2 & CO 3 Practice Problems Third The Reporting Phase of the

Examination Accounting Cycle
(Practice Set:
Adjusting entries to
Reversing Entries)

CO 1, 2, & 3 Multiple Choice Multiple choice Final Special Topics

Examination problems Examination

*Final assessment will be a comprehensive examination (from first topic to the last) in a Multiple-
Choice Questions

Assessment Task Details (Theory-based)

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 Department of Business Administration
CBM 4 – Course Syllabus

Assessment Coverage Assessment Task Details

Schedule

First Exam Accounting and Multiple Choice At the end of this task, you should be able to
its Environment Examination demonstrate deep knowledge on the following
(100% of the topics:
Accounting examination)
Equation, the  Importance of accounting in business;
Double-entry  Basic financial statements elements;
System, Analyses  Double-entry system;
of Transactions  Rules of debit and credit; and
and Rules of  Phases of accounting cycle
Debit and Credit

The Accounting
Cycle (An
Introduction)

Fourth Exam Special Topics Multiple Choice The purpose of this task is for you to demonstrate
(50% of the your acquired knowledge in the concepts, theories
examination) and principles related to the accounting cycle and
generation of financial statements.

In addition, you should be able to demonstrate

technical knowledge in the use of special journals
and ledgers.

Assessment Task Details (Practice/Performance-based)

Assessment Coverage Assessment Details
Schedule Task

Second Exam The Bookkeeping Practice The purpose of this task is for your apply your acquired
Phase of the Problems (100% knowledge in:
Accounting Cycle of the
examination)  Journalizing transactions and posting account
balances to the general ledger.
 Preparation of trial balance.

You will be given two hours to journalize given business

transactions, post it to the general ledger, and prepare
a trial balance.

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 Department of Business Administration
CBM 4 – Course Syllabus

A rubric will be used to grade your work.

Third Exam The Reporting Practice The purpose of this task is for your apply your acquired
Phase of the Problems (100% knowledge in:
Accounting Cycle of the
examination)  Preparing adjusting, closing and reversing
entries.
 Preparation of worksheet, financial
statements, and post-closing trial balance.

You will be given two hours to prepare adjusting,

closing and reversing entries of a given business
transaction, and present worksheets, financial
statements, and post-closing trial balance.

A rubric will be used to grade your work.

Fourth Exam Special Topics Practice The purpose of this task is for your apply your acquired
Problems – comprehensive technical knowledge in accounting
Multiple Choice cycle and preparation of financial statements through
answering short problems assets(part of the
(50% of the comprehensive examination).
examination)

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 Department of Business Administration
CBM 4 – Course Syllabus

11. COURSE OUTLINE AND TIME FRAME

TIME FRAME TOPICS FOR FIRST EXAMINATION TLA Required Readings
Week 1 to Week 3 1. Orientation
a. UMDC VMG
b. Classroom Policies
c. Requirements and Grading Valix, Condrado et al (2015).
System
Interactive Discussion Financial accounting volume 1.
2. Accounting and its Manila: GIC Enterprises & Co., Inc.
Environment Oral Recitation
a. Definition and Evolution of Ballada, Win Lu (2015). Basic
Real life examples
Accounting accounting - made easy. Manila:
b. The Accountancy Board Works DomDane Publishing and Made
Profession – its Practice and Easy Books.
Development Quipper LMS
c. Branches of Accounting
c. Users of Accounting Group / Team Learning
Information
d. Forms of business Quizzes
organizations
e. The Financial Statements Note: For the topic
“The Accounting Cycle
3. Accounting Equation, the (An Introduction), the
Double-entry System, instructor should only
discuss the basics of
Analyses of Transactions and
accounting cycle.
Rules of Debit and Credit
Actual practice shall be
a. Basic Accounting Equation
done during the second
b. T-Account and the Double- to final examinations.
entry system
c. Elements of Financial
Statements and Normal
Balance of an Account
d. Rules of debit and credit
e. Analyzing business
transactions

4. The Accounting Cycle (An

Introduction)
a. Identifying and analyzing
business transactions and
documents
b. Journalizing business
transactions
c. Classifying business
transactions (Posting to the
general ledger)
d. Preparation of Trial Balance
e. Basic Adjusting entries –
Prepayments, Accruals,
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 Department of Business Administration
CBM 4 – Course Syllabus

Deferrals
f. Worksheet preparation
g. Financial statements
preparation
h. Closing entries
i. Post-closing trial balance
j. Reversing entries

TOPICS FOR FIRST EXAMINATION

Week 4 4. The Bookkeeping Phase

of the Accounting Cycle
to
a. Recording Business
Week 5 Transactions – Journalizing
b. Sales and Cost of Sales
Transactions (Periodic Method
vs. Perpetual Method)
c. Freight entries
d. Posting to the General Ledger
e. Generating Trial Balance
Quipper LMS
Valix, Condrado et al (2015).
Financial accounting volume 1.
Interactive Discussions Manila: GIC Enterprises & Co., Inc.
Oral Recitations
Ballada, Win Lu (2015). Basic
Team/Group Learning accounting - made easy. Manila:
DomDane Publishing and Made
Board Computation Easy Books.

Practice Set – Manual

(Individual)

Quizzes

TOPICS FOR SECOND EXAMINATION

Week 6 5. The Reporting Phase
of the Accounting Cycle
To
Quipper LMS Valix, Condrado et al (2015).
a. Basic adjusting entries:
Week 7 Financial accounting volume 1.
Deferrals, Accruals, and Interactive Discussions
Prepayments Manila: GIC Enterprises & Co., Inc.
b. Ending Inventory adjusting Oral Recitations
entries (Perpetual Method vs.
Ballada, Win Lu (2015). Basic
Periodic Method) Team/Group Learning accounting - made easy. Manila:
c. Other adjusting entries: DomDane Publishing and Made
Uncollectible accounts and Board Computation Easy Books.
depreciation
e. Preparation of Worksheet Practice Set – Manual
f. Preparation of Statement of (Individual)
Profit and Loss
g. Preparation of Statement of Quizzes
Financial Position
h. Preparation of Statement of
Changes in Equity
i. Preparation of Statement of
Cash Flows
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 Department of Business Administration
CBM 4 – Course Syllabus

6. The Final Phase of the

Accounting Cycle
a. Preparation of closing
entries
b. Preparation of Post-closing
Trial Balance
c. Preparation of Reversing
entries
TOPICS FOR THIRD EXAMINATION
Week 8 Interactive Discussions Valix, Condrado et al (2015).
Financial accounting volume 1.
to Quipper LMS
7. Special Topic Manila: GIC Enterprises & Co., Inc.
Week 9
a. Special Journals – Cash Oral Recitations Ballada, Win Lu (2015). Basic
Disbursements; Cash Receipts; accounting - made easy. Manila:
Team/Group Learning DomDane Publishing and Made
Purchases and Sales Journals
Easy Books.
Board Computation
b. Subsidiary Ledgers and
Controlling Ledger Practice Set – Manual
(Individual)

Quizzes

TOPICS FOR FOURTH EXAMINATION

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 Department of Business Administration
CBM 4 – Course Syllabus

12. Textbox

Ballada, Win Lu (2015). Basic of accounting - made easy. Manila: DomDane Publishing and Made Easy Books.

Ballada, Win Lu (2016). Partnership and Corporation Accounting - made easy. Manila: DomDane Publishing and Made Easy
Books.

13. Suggested References

a. Lopez, R. (2016). Fundamentals of accounting - made easy. Manila: DomDane Publishing and Made Easy Books.

b. Valix, C. and Peralta, J. (2016). Financial accounting volume 1. Manila: GIC Enterprises & Co., Inc.

c. Valix, C. and Peralta, J. (2016). Financial accounting volume 2. Manila: GIC Enterprises & Co., Inc.

d. Punzalan, A (2014) Comprehensive and procedural approach in practical accounting. Manila: GIC Enterprises &
Co., Inc.

e. Jenkins, E. ( 2015). Tax practice. The allure of unclaimed property. Accounting today, pp 14.

f. Robles, N ( 2014) Intermediate accounting volume 2. Manila. Mutual Books, Inc.

On line resources:

a. Leung, D. ( 2016). Inside accounting: The sociology of financial reporting and auditing. Routledge.

b. Wu, H & Patel, C. ( 2015).Studies in managerial and financial accounting, volume 29: adoption of Anglo-American
models of corporate governance and financial reporting in China. Emerald Group Publishing limited.

14. Course Evaluation

Assessment methods Weights

15.
EXAMINATIONS 70%
Exam 1 -3 ( 10% per exam) 30%
Final Exam 40%
CLASS PARTICIPATIONS 30%
Quizzes, Assignment & Requirements 30
TOTAL 100%

Policies and Guidelines

Attendance
a. Attendance will always be checked.
b. Students exceeding the maximum allowed absences will be dropped.
c. Absence can be considered excused based on the reason of absence and presentation of excuse letter.
d. The student is responsible of coping up with the topics in case of his absence.
Classroom Policies
a. Students should wear proper uniform and ID.
b. Students should maintain the cleanliness of the classroom at all times.
c. Honesty should always be observed in all undertakings in the classroom.

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 Department of Business Administration
CBM 4 – Course Syllabus

d. Dishonesty or misconduct can be a ground for failing a student.

Requirements
a. All requirements submitted beyond the deadline will not be accepted, unless there is a very valid reason.
Consultation
a. Consultation hours shall be followed as scheduled by the department.
b. Proper time and place should always be observed in consultation.

Prepared by: References reviewed by:

FREDDY C. NAVARRO, CMITAP, MBA JENNIFFER L. RAMOS, MLIS

Faculty Assistant Chief Librarian-LIC

Reviewed by:

CAMILLE ZAL-IVY A. AYANO, MBA

Program Chair

Recommending approval: Approved by:

EDUARD L. PULVERA, MSIS PEDRITO M. CASTILLO II, Ed. D

AVP – UM Digos College VP- Institute of Pedagogical Advancement and Competitiveness

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