FUNDAMENT

ALS OF
ACCOUNTAN
CY,
BUSINESS
AND
MANAGEME
NT 1
Name of Learner:
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______ Grade Level:
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Section:
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______________ Date:
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LEARNING ACTIVITY
SHEET
Definition of Accounting
Background Information for
Learners:
Accounting is the process of
IDENTIFYING, RECORDING
AND COMMUNICATING
economic events of an
organization to interested users.
This involves selecting
economic events
that are relevant to a particular
business transaction. The
economic events of an
organization are
referred to transactions.
Learning Competency with
code:
Define accounting.
(ABM_FABM11-IIIa-1)
Activity I
Directions: Give five examples
of economic events in a
bakeshop business.
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2.________________________
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3.________________________
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4.________________________
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5.________________________
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