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STUDY GUIDE:list of Lessons

This document outlines the modules and lessons for the subject Fundamentals of Accountancy, Business and Management 1. The modules include an introduction to accounting, branches of accounting, users of accounting information, forms of business organization, accounting concepts and principles, the accounting equation, books of accounts, and the accounting cycle for service and merchandising businesses. Key topics covered are the definition and nature of accounting, the conceptual framework, basic accounting principles, types of major accounts, journal and ledger entries, adjusting and closing entries, and preparing financial statements. The course is 80 hours over one semester.

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47 views2 pages

STUDY GUIDE:list of Lessons

This document outlines the modules and lessons for the subject Fundamentals of Accountancy, Business and Management 1. The modules include an introduction to accounting, branches of accounting, users of accounting information, forms of business organization, accounting concepts and principles, the accounting equation, books of accounts, and the accounting cycle for service and merchandising businesses. Key topics covered are the definition and nature of accounting, the conceptual framework, basic accounting principles, types of major accounts, journal and ledger entries, adjusting and closing entries, and preparing financial statements. The course is 80 hours over one semester.

Uploaded by

Love Jcw
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COLLEGE FOR RESEARCH AND TECHNOLOGY OF CABANATUAN

DEL PILAR ST., CABANATUAN CITY

SUBJECT TITLE:
FUNDAMENTALS OF ACCOUNTANCY, BUSINESS AND MANAGEMENT 1
SUBJECT CODE: FABM1
DURATIONS: 80 hours/ semester
1st Quarter of 1st Semester S.Y 2020-2021

No Modules Lessons
.
1 Introduction to Accounting  Definition and Nature of Accounting
 Function and History of Accounting
2 Branches of Accounting Varied branches of Accounting
 Public Accounting
 Private Accounting
 Government Accounting
 Accounting Education
3 Users of Accounting Information External and Internal Users
4 Forms of Business Organization 4.1 Forms of Business Organization
& Types of Business According to Activities - Sole Proprietorship
- Partnership
- Corporation
- Cooperation
4.2 Types of Business According to Activities
- Service business
- Merchandising business
- Manufacturing business
5 The Accounting Concepts and Principles  Conceptual Framework of Accounting
 Basic Accounting Principles
6 The Accounting Equation and Types of Major  Accounting Equation
Accounts  Five Types of Major Accounts
 Definition and Preparation of Chart of Account
7 Books of Accounts 5.1 Two Major Types of Accounts
 Journal (Special & General Journal)
 Ledger (General & Subsidiary Ledger)
8 Accounting Cycle of a Service Business Definition of Accounting Cycle
Step 1 Analyzing business transaction from the source of
documents
Step 2 Journalizing business transactions
Step 3 Posting to the ledger
Step 4 Preparing trial balance
Step 5 Journalizing and posting adjusting journal entries

2nd Quarter of 1st Semester S.Y 2020-2021

No Modules Lessons
.
Step 6 Preparing the adjusted trial balance
Step 7 Preparing the financial statements
Step 8 Journalizing and posting closing entries

1
Fundamentals of Accountancy, Business and Management 1
Step 9 Preparing post-closing trial balance
Step 10 Journalizing and posting reversing journal entries
9 Accounting Cycle of a Merchandising Definition and Nature of Merchandising Business
Business Step 1 Analyzing business transactions from source
documents
Step 2 Journalizing business transaction
Step 3 Posting to the ledger
Step 4 Preparing the trial balance
Step 5 Gathering adjustment and preparing a work sheet
Step 6 Preparing financial statements
Step 7 Journalizing and posting adjusting journal entries
Step 8 Journalizing and posting closing journal entries
Step 9 Preparing a post-closing trial balance
Step 10 Journalizing and posting reversing journal entries

2
Fundamentals of Accountancy, Business and Management 1

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