La Consolacion College

Sto. Tomas, Biñan City, Laguna, Philippines

Telefax: (049)512-7120; email ad: [email protected]; fb:lccbinanaugustinian

COLLEGE DEPARTMENT
Vision
ULCC-SL, as a Catholic Augustinian-Marian Educational System, commits itself to holistic formation of the 21st century learners.

Mission
As we nurture a system of ASOLC unified learning communities in Laguna and Batangas, we assume the responsibility of:
▪ Providing innovative and transformative education for lifelong learning
▪ Creating sustainable community involvement and extension program
▪ Utilizing functional research projects for the development of the ULCC-SL campuses, industry partners, educational pedagogies and communities

School of Business Administration

SYLLABUS
Program : Conceptual Framework & Basic Accounting
Course : BS Accountancy
Credits : 3 units
Component : Lecture
Pre/Co-requisite/s : None

Course Description
This course Conceptual Framework and Basic Accounting introduces the nature, functions, scope, and limitations of the broad field of accounting theory. It deals with
the study of the theoretical accounting framework objectives of financial statements, accounting conventions, and generally accepted accounting principles, the
standard-setting process for accounting practice, national as well as international principles relating to the preparation and presentation of financial statements, the
conditions under which they may be appropriately applied, their impact or effect on the financial statements; and the criticisms commonly leveled against them. It also
includes the discussion with regards to different forms of business and the application of accounting in each industry. The course covers the detailed discussion,
appreciation, and application of accounting principles covering the assets, financial and non-financial. Emphasis is given on the interpretation and application of
theories of accounting concerning cash, receivables, inventories, property, plant and equipment, payrolls, including financial statement presentation and disclosure
requirements. The related internal control, ethical issues, and management of assets are also covered. Exposure to a computerized system in receivables, inventory,
and lapsing schedules is a requirement in this course.

Course Outcomes
By the end of the course, the students will be able to:
Course Outcomes Program Outcomes Aligned to
PO2 Develop critical thinking and problem-solving skills that address operational and
management concerns.
PO3 Facilitate students to apply theories and methodologies of different business areas to real-
Manipulate the conceptual framework and life business operations.
understand the basic accounting that are
PO4 Effectively and efficiently use information and communication technology (ICT)
applied to different forms of business such
CO 1 as service, merchandising and PO7 Perform quality work.
manufacturing companies. Enable to
analyze transaction and create financial PO8 Foster sound fiscal practices through analysis of financial statements and establishment of
statements. accounting procedures to ensure effective managerial decision making.
Develop skills to manage operations and strategically plan for the long-term viability of a
PO10 small business or non-profit for the purpose of promoting the mission, vision and core
values.
PO2 Develop critical thinking and problem-solving skills that address operational and
management concerns.
PO3 Facilitate students to apply theories and methodologies of different business areas to real-
life business operations.
Analyze and record transactions of PO4 Effectively and efficiently use information and communication technology (ICT)
CO2 merchandising business under perpetual
PO7 Perform quality work.
and periodic inventory system. And to be
able to make fair financial statements. PO8 Foster sound fiscal practices through analysis of financial statements and establishment of
accounting procedures to ensure effective managerial decision making.
Develop skills to manage operations and strategically plan for the long-term viability of a
PO10 small business or non-profit for the purpose of promoting the mission, vision and core
values.
Compute for the accurate amount of cash, PO2 Develop critical thinking and problem-solving skills that address operational and
receivables, inventory, property, plant and management concerns.
equipment and also payroll PO3 Facilitate students to apply theories and methodologies of different business areas to real-
life business operations.
CO3 PO4 Effectively and efficiently use information and communication technology (ICT)
Gain knowledge on the internal control of
PO7 Perform quality work.
the business. And enable to apply proper
and accurate internal control in each PO8 Foster sound fiscal practices through analysis of financial statements and establishment of
account. accounting procedures to ensure effective managerial decision making.

1
 Develop skills to manage operations and strategically plan for the long-term viability of a
PO10 small business or non-profit for the purpose of promoting the mission, vision and core
values.

Learning Evidences/Course Outputs

As proof of achievement of the foregoing outcomes, the students of this course are required to submit the following evidences
of learning that correspond to the target learning outcomes:

Learning Evidence Course Outcomes addressed

LE1: Use current accounting terminology and concepts CO1
LE2: Familiarized with the use of Accounting Information System CO2
LE3: Prepare a working trial balance and adjusted trial balance CO2
LE4: Prepare financial statements and necessary disclosures. CO3

To evaluate the level of performance in the learning experience, scoring rubrics attached in this syllabus will be utilized. Aside
from the aforementioned major course outputs, this course also requires satisfactory performances from the students in summative
(term exams) tests and in other formative assessments such as quizzes, recitations, seatwork, assignments, and report.

Grading System
To pass this course, the student must accumulate a grade of 75% from all the three major term of the semester.
Academic Term Class Standing (60%) Exam (40%) Term Grade (100%)
Quizzes, Assignments, Graded recitations,
Prelim Prelim Exam Prelim Term Grade (PTG)
Projects, Board Work
Quizzes, Assignments, Graded recitations,
Midterm Midterm Exam Midterm Grade (MTG)
Projects, Group Discussion
Quizzes, Assignments, Graded recitations,
End term Final Exam End Term Grade (ETG)
Projects, Case Study
FINAL GRADE PTG+MTG+ ETG/3

Attendance Policy – Students will be dropped from the official class list after incurring the allowable number of absences. MW classes allow students eleven (7)
absences; TTH classes allow seven (7); and SAT classes and those that meet once a week allow three (3) absences. Three (3) consecutive or accumulated tardy
cases are converted as one (1) absence. A student is considered absent on the 16th minute since the actual start of the class. (LCCBn Student Handbook, 2015
Revised Edition)

Students with Disabilities - Students with disabilities and learning impediments who require accommodations (academic adjustments, auxiliary aids or services) for
this course must register with the College Guidance Services Office. Verification of disability is required for the student to receive reasonable academic
accommodations.

Academic Dishonesty - Academic dishonesty in any form (bribery, plagiarism, cheating and fabrication of documents will result in a failure on the academic task in
question. Proven academic dishonesty may result in failure in the course. Depending on the gravity of academic dishonesty, it is recommended that Department
Head reviews the student’s standing regarding acceptance in the program. (LCCBn Student Handbook, 2015 Revised Edition)

Learning Plan
CO being Learning Assessment of Materials /
Week Learning Outcomes Addressed Content/ Topic Hrs.
Activities Learning Resources
1 1. Gotten acquainted with UNIT 1: INTRODUCTION • Introductory Small group role Student 3
the school’s vision- 1. LCCB Revised Vision lecture of the VM play/skit Handbook
mission and related its Mission Statement • Small group presentation
relevance to the course 2. Course Orientation: discussion on (graded) VM Primer
to one’s future Norms, Policies, existing norms &
profession. Requirements, etc. policies in the PPT on VM
2. Contributed to the classroom presentation
formulation and/or • Role play of key
clarification classroom themes from the
norms and policies. References: VM
3. Clarified with the teacher Student Handbook
the course expectations Primer on LCCB 2015
and requirements. Revised Edition)
4. Collaborated with
classmates in
accomplishing learning
activities asked by the
teacher.

2
2 1. Define accounting and PO2 Introduction: Accounting • Introductory • Paper-pencil • PPT on 3
its role in business. PO3 and its Environment and lectures quiz introductory
2. Distinguish the CO1 Accountancy Profession • Oral recitations lectures for
different forms and • Discussion • Oral recitation each topic
activities of business on the basic
organizations. Conceptual Framework concepts and • Still photos /
3. Explain the - Introduction to IASB principles. videos on
fundamental - IASB Standard-Setting the nature
accounting concepts Process • Assignments and scope
and principles. - IFRS Framework of cost
4. Explain why ethics are - Objective of General- accounting.
crucial in accounting. Purpose Financial
5. Identify and discuss Reporting
the career - Qualitative
opportunities open to Characteristics of Useful
accountants. Financial Statements
6. State the purpose of a - Underlying Assumption
conceptual framework - Elements of FS
7. Explain the qualitative - Recognition and
characteristics of Measurement of FS
useful financial - Concepts of Capital and
information. Capital Maintenance
8. Explain the objective
of general-purpose
financial statements
9. Identify the elements References:
of financial statements Basic Accounting
10. Recognize the various Win Ballada, CPA, CBE,
bases for measuring MBA
the elements of Susan Ballada, CPA
financial statements.

3-5 1. Describe the parts of PO1 Accounting Equation and • Introductory • Paper-pencil • PPT on 9
an information system. PO3 the Double Entry lectures quiz introductory
2. Explain how an PO4 • Small group • Graded lectures for
accounting information PO7 discussions on computerized each topic
system helps the CO1 Accounting for a Service topic of the day • Quiz • Worksheets
decision makers. Business • Group problem- • Board Work
3. Define the elements of - Recording Business solving tasks • Individual
financial statements Transactions Analyzation
4. Describe the account ✓ Transaction and
and its uses. Analysis Computation of
5. Understand the ✓ Accounting Service
double-entry system Cycle: Business
6. Define debits and Sequential transaction
credits Steps under
7. Distinguish between - Adjusting the Accounts perpetual and
revenue and receipts. - Worksheets and periodic
8. List and understand Financial Statements inventory
the sequential steps in - Completing the system
the accounting cycle. Accounting Cycle • Assignments
9. Identify the general and Activities
journal as the book of
original entry.
10. Analyze the impact of
transactions on the
elements and the
specific accounts. References:
11. Apply the rule of Basic Accounting
debits and credits in Win Ballada, CPA, CBE,
analyzing business MBA
transactions. Susan Ballada, CPA
12. Journalize
transactions in proper
form.
13. Post entries from the
general journal to
general ledger
14. Develop chart of
accounts
15. Prepare and explain
the use of trial balance
16. Perform steps in
locating and correcting
errors.

6 PRELIM EXAMINATIONS

3
7-9 1. Describe the PO1 Introduction to • Introductory • Paper-pencil • PPT on 9
merchandising PO3 Merchandising lectures quiz introductory
activities and identify PO4 Operations • Small group • Graded lectures for
the income CO1 discussions computerized each topic
components for a CO2 • Group problem- • Quiz • Worksheets
merchandising entity. Completing the Cycle for solving tasks • Board Work • Papers
2. Illustrate the operating a Merchandising • Individual
cycle of a Business Business
merchandising entity. Transactions
3. Explain the inventory Analyzations
systems of and
merchandising Computations
entities. of accounts
4. Analyze and record • Assignments
transactions for and Activities
merchandise sales References:
under a periodic Basic Accounting
inventory system. Win Ballada, CPA, CBE,
5. Analyze and record MBA
transactions for Susan Ballada, CPA
merchandise
purchases under a
periodic inventory
system.
6. Compare and contrast
the entries needed for
the periodic and
perpetual inventory
system.
7. Recognize the need
for a physical count
and analyze the
effects of omitting the
procedure.
8. Prepare the adjusting
entries for a
merchandising
industry.
9. Prepare accurately
and in good form a
ten-column worksheet
10. Prepare accurately
and in good form a
ten-column worksheet
11. Explain why temporary
accounts are closed
each period.
12. Prepare closing
entries, post-closing
trial balance and
reversing entries.
13. Explain how the
worksheet under a
perpetual inventory
system differs from the
prepared under
periodic inventory
system.

10-11 1. Understand the PO1 Merchandising • Introductory • Paper-pen quiz • PPT on 6

limitations of using the PO3 Operations: Special lectures • Joint introductory
general journal and PO4 Combination Journals, • Small group presentations lectures for
the general ledger. CO1 and Voucher System discussions on • Business each topic
2. Describe the uses of CO2 topic of the day transactions • video clips
controlling accounts • Group fact analysis • worksheets
and subsidiary Manufacturing Operations finding (LE2) • Business
ledgers. • Group problem- transactions
3. Explain the goals and solving tasks simulations.
uses of special . • Board Work
journals. • Group
4. Record transactions References: Computation
5. Post transactions to Basic Accounting
the general and Win Ballada, CPA, CBE,
subsidiary ledgers. MBA
6. Prepare and prove the Susan Ballada, CPA
accuracy of subsidiary
ledgers.
7. Prepare schedules of
accounts receivable

4
 and accounts payable.
8. Explain the
distinguishing features
of the voucher system.
9. Compare the activities
prevalent to
merchandising and
manufacturing entities.
10. Identify the elements
of manufacturing
costs.
11. List the manufacturing
inventory accounts.
12. Prepare statement of
cost of goods
manufactured.
13. Prepare statement of
cost of goods sold
14. Pinpoint the
differences in the
worksheet of
manufacturing entity
as compared to
merchandising entity.
12 MIDTERM EXAMINATIONS
11-13 1. Define the internal PO1 Internal Control and Cash • Introductory • Paper-pen quiz • PPT on 9
control and identify its PO3 lectures • Group introductory
purposes and PO4 • Small group multimedia lectures for
principles. CO3 discussions on presentations each topic
2. Define cash and state CO3 Accounts and Notes topic of the day on different • Worksheets
how it is valued and Receivable • Small group business • Extra papers
classified. computation. transactions.
3. Apply internal control • Small group • Board Work
over cash receipts and presentation. • Group
disbursements. Computation
4. Make entries under
the imprest fund References:
system. Basic Accounting
5. Understand the Win Ballada, CPA, CBE,
reason for preparing MBA
bank reconciliation Susan Ballada, CPA
statements.
6. Define accounts
receivable and how it
is valued and
classified.
7. Describe the
accounting for
uncollectible accounts.
8. Define notes
receivable and its
essential elements.
9. Prepare typical entries
related to notes
receivable.
10. Apply internal control
over receivables.
14-15 1. Define inventory and PO1 Inventory • Introductory • Paper-pen • PPT on 6
how it is valued and PO3 lectures quizzes introductory
classified PO4 • Small group • Oral recitations lectures for
2. Explain the cost flows CO3 Property, Plant and computation / • Prepare trial each topic.
assumption and the Equipment discussions balance. • Video clips
inventory costing • Board Work viewing.
methods. • Group
3. Estimate inventory References: Computation
using the gross profit Basic Accounting
method Win Ballada, CPA, CBE,
4. Apply internal control MBA
inventory. Susan Ballada, CPA
5. Define property, plant
and equipment and
how it is valued and
classified.
6. Explain the nature,
factors and methods
of depreciation.
7. Apply internal control
over property, plant
and equipment.

5
16-17 1. Recognize the terms PO1 Accounting for Payroll • Introductory • Paper-pen • PPT on 6
used in payroll PO3 lectures quizzes introductory
accounting. PO4 • Small group • Oral recitations lectures for
2. Explain the basic labor CO3 discussions / • Board Work each topic
laws affecting the computation • Group
gross pay • Group Computation
computation. References: presentation of
3. Explain the major Basic Accounting payroll register
programs mandated to Win Ballada, CPA, CBE,
take care of employee MBA
benefits. Susan Ballada, CPA
4. Identify and describe
the
5. payroll system.
6. Prepare the payroll
register
7. Journalize payroll-
related entries.
8. Apply internal control
over payrolls.
18 FINAL EXAMINATIONS

Measurement System
To evaluate the level of performance in the learning evidences, the following rubrics will be used:
CRITERIA Score/Rating Points
Preparation of Financial Descriptions of Ideal Expectations Advanced (4); Proficient (3); Weight Earned
Statements Basic (2); Minimal (1) (Score x Weight)
Analyzation and understanding of ▪ The completeness of all data.
X 10 _____/40
business transactions ▪ Accurate recording
Preparation of journal entries, trial
▪ Computation of adjusting account
balance, general ledger and X 10 _____/40
▪ Proper balancing of each account and posting it in general ledger
adjusting entries.
Preparation and Accuracy of
▪ The financial statement provides useful data, correct and accurate amounts. X5 _____/20
Financial Statements
TOTAL SCORE & EQUIVALENT 24 100
Group Presentation on Score/Rating Points
Evaluation of Financial Advanced (4); Proficient (3); Weight Earned
Statements Basic (2); Minimal (1) (Score x Weight)
Substance of Financial Information ▪ Business information that has been discussed in class was provided with reliable computations
X 10 _____/40
Gathered ▪ The group has explored presented business data and has computed information on accounts.
▪ The project/compilation is presented in such as manners that are in accordance with accounting
principles.
▪ Presentation is creative, artistic, colorful and appealing to the future readers.
Presentation Style ▪ Pictures, graphics, charts, tables and other illustrative styles are utilized to enhance to overall look of X 10 _____/40
the project/compilation.
▪ Brief captions, notes or sayings accompany these illustrations for easier understanding and for
clarity of issues being tackled.
▪ The financial statements are free from errors and inaccurate data and information that may lead to
Facts, Information and Mechanics further confusion, arguments and wrong information among the readers. X5 _____/20
▪ English is carefully regarded in the overall presentation of the project.
TOTAL SCORE & EQUIVALENT 16 100

Prepared by:

Tolentino, Gladys L.
Faculty

Approved by:

Dr. EDNA T. SEBASTIAN

College Dean

Noted by:

SR. EMILIA S. LACUARTA, OSA

President

No part of this syllabus may be reproduced or transmitted in any form or by any means, electronic, photocopying or otherwise, without prior written permission of the Dean.