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Accounting Script

1. The document provides instructions from a teacher, Alberto Alegado Jr., to his accounting students regarding the class procedures and upcoming topics for the semester. 2. The class will first review the basic accounting cycle of a service entity and then develop skills in completing the cycle for a merchandising business. 3. The teacher outlines 10 steps in the accounting cycle and quizzes students on recalling specific steps like journal entries, posting to ledgers, and preparing financial statements.

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Alberto Alegado
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228 views

Accounting Script

1. The document provides instructions from a teacher, Alberto Alegado Jr., to his accounting students regarding the class procedures and upcoming topics for the semester. 2. The class will first review the basic accounting cycle of a service entity and then develop skills in completing the cycle for a merchandising business. 3. The teacher outlines 10 steps in the accounting cycle and quizzes students on recalling specific steps like journal entries, posting to ledgers, and preparing financial statements.

Uploaded by

Alberto Alegado
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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Good morning everyone!

While I am with the other sections for 20 minutes each section, please take time to
read the supplementary learning materials found at our accounting fb page.
Supposedly, you have to answer ur activity sheets while I am with the other classes
pero since wala pay activity sheets ang uban, basaha sa tong gipost nako sa fb group
page ha. Clear? Thumbs up this message if clear to you.
Kindly thumbs up this message for our attendance this meeting in ONE MINUTE before I screenshot it.

Before we start, let me introduce myself first. I am ALBERTO P. ALEGADO JR., your teacher in
Accounting 2. I have been teaching this subject for 3 years now in PHINMA COC SHS PUERTO
CAMPUS. I am a graduate of BS BA major in FINANCIAL MANAGEMENT also here in PHINMA COC, I
took up my Certificate in Teaching two years ago and passed the Board Exam last year. I am glad that I
finally have the chance to share my knowledge in ABM here in PHINMA COC CARMEN. I hope that you
are all excited the same way that I am.
Please react HAPPY FACE on this message if you are excited for this semester.
Okay ra pud ug sad face kung dili ka excited, nasabtan taka hahaha

Now to make things go smoothly, these are our classroom rules:


1.Be respectful
2.When your teacher is sending messages/lessons/instructions to your group chat, do not reply when
you are not told to do do.This is for everybody to see and read the chat.
3.When you are asked to answer a question, chat your answer as a REPLY message for everybody to
see the message thread.
4.This GC is for academic purposes only, chatting unnecessary matters is strictly PROHIBITED. Walay
manghanggat ug ML kay dili tanan kabalo mg ML!Dghan cancer haha
5.Be aware of strong language, all caps, and exclamation points (emoticons and smiley…)
6. Be careful with humor and sarcasm.
7.Cite your sources.
8.Don’t post or share (even privately) inappropriate material.
9.Be forgiving.
If naa masayup, pasayloa tawun. No one is perfect. Tao lang nagkakalami.

Este ngkakamali

Are we clear?Please thumbs up this message if above class rules are clear to you.

Now, what things do you need to prepare every class?


1. Activity Sheets(Hard or Soft copies)
2. Yellow paper if you don’t have the hard copies of your activity sheets.
3. Calculator
4. Cellular phone

How are you going to learn accounting this semester?


1. Through reading and answering your modules.
2. I will serve as your facilitator utilizing the Facebook Messenger and FB Group page.

What is the flow of our lessons?


1. I will be giving instructions and deliver the lessons via messenger for 20 minutes.
2. You will answer the modules for the rest of the time.
3. You can ask questions when I give you the signal to do so.

Are we clear?
Klaro o dili?
Pangutana?
before I proceed to our overview of the subject?I will entertain two questions only. Thumbs up this
message if you have any question/clarification.

what if sir, di ko kasabot pg ichat ang lessons


naay supplementary learning materials sa fb group page if dili pa jud kasabot mg
upload ko ug video nako nga gadiscuss sa google drive ug dili pa jud kasabot tawage
ko after class 09362730100 pag di pa jud kasabot, ampo nalang ta sa GINOO hehehe.
Dawata nalang pud na nga di para ni mo ang accounting, pero seriously you can
always call/text me.

During our discussion, if naa kay question ug kung wala nakay nasabtan. Be honest
and tell me. There is never wrong in admitting that you don't understand.
Now,these will be our topics through out the semester.
Reviewing Accounting Cycle of a Service Entity
Reviewing Journal Entry
Reviewing Ledger
Reviewing Adjusting Entries
The Financial Statements
Statement of Financial Position (SFP)
Preparing the SFP of a single proprietorship
Statement of Comprehensive Income (SCI)
Statement of Changes in Equity (SCE)
Cash Flow Statement (CFS)
Preparing a Cash Flow Statement
Mini Performance Task 1
GRAND PERFORMANCE TASK
First Periodical Test
Accounting Cycle of a Merchandising Business
Recording Transportation Cost

Inventory Systems
Journalizing Transactions under Periodic and Perpetual Inventory System
Posting Transactions of Merchandising Business
Income Statement of Merchandising Business under Periodic Inventory System
Income Statement of Merchandising Business under Perpetual Inventory System
Balance Sheet, Statement of Changes in Owner’s Equity and Cash Flow Statement of Merchandising Business
Completing the Accounting Cycle of Merchandising Business

Mini Performance Task


• Journalizing to Worksheet (Merchandising)
GRAND PERFORMANCE TASK
• Worksheet to Post Closing Trial Balance(Merchandising)

Relax sa. Ayaw kataranta. Ayaw sa pagoverthink. Guide ra na ninyu hehe di sa ta


mgkalas2 ug brain cells day 2 pa ra ba hehehe
Basically, for the first quarter, we will review the basic accounting cycle of a service entity and deepen
more your understanding about basic accounting.
On the second quarter, we will develop your skills in completing cycle of a MERCHANDISING
BUSINESS.
Okay, are we all set for our first lesson?
Please prepare your DAY 1 MODULE for accounting, if wala pay module, take note nalang sa.

Today, we will review the basic accounting cycle of a service entity.

Our learning objectives would be:


1. Review the definition of accounting cycle;
2. Recall the steps in accounting cycle of a service business.

Please thumbs up True if the statement is correct and thumbs up False if it is incorrect. Ready?

Statement: Accounting is a process. It follows procedures which refers as accounting


cycle, a series of sequential steps or procedures performed to accomplish the
accounting process.

TRUE
FALSE

As far as you can remember, how many steps are there in accounting?Thumbs up
your answer on the following options:
5
10
9

Very Good!

There are 10 steps in accounting process. Namely:

1 - Identification of Events to be Recorded


2 - Transactions are Recorded in the Journal
3 - Journal Entries are Posted to the Ledger
4 - Preparation of a Trial Balance
5 - Preparation of the Worksheet including Adjusting Entries
6 - Preparation of the Financial Statements
7 - Adjusting Journal Entries are Journalized and Posted
8 - Closing Journal Entries are Journalized and Posted
9 - Preparation of Post-Closing Trial Balance
1
- Reversing Journal Entries are Journalized and Posted
0

What step is the journal entry?Thumbs up your answer on the following options:
STEP 2
STEP 3
STEP 4
Yes correct, step 2.
What step is the posting journal entries to the ledger? Please type your answer in 10
seconds.
STEP 1
STEP 5
STEP 3
Correct, step 3.
What step is the preparation of Statement of Financial Position?
STEP 4
STEP 5
STEP 6
Correct gain, Step 6

What step is the preparation of entries for accumulated depreciation, doubtful


accounts, accruals and deferrals?
STEP 6
STEP 7
STEP 8

Are you following so far?

You don’t need to use your critical thinking on this lesson. Just recall the steps.

Questions?

Please proceed answering your Day 1 module, sa mga wala pay module wait lang sa
ta sa Go signal ni sir Mitch if pwede nami mgsend sa inyu ug soft copies dayun
answer lang mo sa paper DIRECTLY.

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