​ ​ ​ ​ ​ ​ ​

`Republic of the Philippines

PALOMPON INSTITUTE OF TECHNOLOGY
Palompon, Leyte
COLLEGE OF ARTS AND SCIENCES

COURSE SYLLABUS

ABM 2

FUNDAMENTALS OF ACCOUNTING
First Semester, A.Y. 2024-2025

I. Institute Outcomes

A. Vision​ :​ A Premiere Polytechnic State University

B. Mission ​ : ​ To strengthen its dominance in producing highly skilled, competent and world class seafarers, engineers, teachers, technologists and professionals in
the allied programs responsible in fulfilling the needs of the stakeholders for national developments in the ASEAN integration for a quality life with guidance and
providence of God. ​

C. Goal​ :​ Make PIT a premier polytechnic educational institution where students are trained to excel in their areas of specialization through quality instruction,
product-based research, need-driven extension and accessible production program for a heightened socio-economic development and improved quality life in
a fast changing society.

D. Core Values : Excellence Integrity Creativity Commitment

E. Graduate Attributes:
1. Professionally Competent
2. Problem Solver
3. Effective Communicator
4. Productive and Team Worker
5. Life-long Thinker, Socially and Ethically Responsible
 ​ ​ ​ ​ ​ ​ ​

II. COLLEGE OUTCOMES

COLLEGE OBJECTIVES

The Bachelor of Science in Hospitality Management is intended to equip students with competencies that are needed to execute operational
tasks and management functions in food production (culinary), accommodation, food and beverage service, tourism, planning and product development,
events planning, transportation services, travel and tour operations and other emerging sectors of the hospitality and tourism industry.

COLLEGE GOAL

1.​ To produce graduates who are globally competitive, and whose personal discipline is guided by spiritual and moral values;

2.​ To offer programs reflective of and responsive to contemporary needs, making use of innovative interdisciplinary approaches that
Integrate the latest research findings;

3.​ To ensure CAS faculty is committed, academically qualified and professionally and personally competent;

4.​ To develop research capabilities and engage in productive research relevant to the developmental needs of society, thereby contributing
effectively to the advancement of knowledge;

5.​ To extend professional assistance in the form of consultation, training and research geared toward community development and

6.​ To incorporate community service into the academic and research programs of the college.
 ​ ​ ​ ​ ​ ​ ​

Program Outcomes: Bachelor of Science in Hospitality Management

1.​ Perform the basic functions of management such as planning, organizing, leading and controlling.
2.​ Select the proper decision-making tools to critically, analytically and creatively solve problems and drive results.
3.​ Apply information and communicating technology skills as required by the business environment.
4.​ Prepare operational plans.
5.​ Innovate business ideas based on emerging industry.
6.​ Manage a strategic business unit for economic sustainability.

IV. COURSE/SUBJECT DESCRIPTION

The Fundamentals of Accounting will cover the basic accounting procedures used to operate the business. Students will become acquainted with the principles of
double-entry bookkeeping including the preparation of financial statements of a single proprietorship, partnership and corporate business.

V. COURSE OBEJCTIVES

At the end of the course, the students should be able to:

1.​ Demonstrate an understanding on the definition, nature, functions, history of accounting;

2.​ Identify and describe the branches of accounting, types of business (advantages and disadvantages), forms of business, business documents, users and uses of
accounting information, accounting concepts and principles;
3.​ Solve problems to prepare transaction equation, accounting equation, T-accounts;
4.​ Demonstrate the ability to apply the rules of debit and credit in recording business transactions;
5.​ Prepare journals, ledger, trial balances, worksheets, adjusting entries, closing entries, reversing entries.
 ​ ​ ​ ​ ​ ​ ​

A. Course Details
COURSE NAME ABM 1 Fundamentals of Accounting
The Fundamentals of Accounting will cover the basic accounting procedures used to operate the business. Students will become
COURSE DESCRIPTION acquainted with the principles of double-entry bookkeeping including the preparation of financial statements of a single proprietorship,
partnership and corporate business.
NUMBER OF UNITS 3 Units (Lecture)
PREREQUISITE none

B. Course Outcome and Relationship to Program Outcome

COURSE OUTCOMES Program Outcomes

P P P P
P P PO P P PO
At the end of the course, students should be able to: PO4 O O O O
O1 O2 3 O5 O6 11
7 8 9 10
CO1. demonstrate an understanding of the definition, nature, function, history of accounting D
I P P D D D D D D
D D
CO2. identify the following: branches of accounting, types of business organizations forms of business
organizations, accounting concepts and principles, business documents, users of accounting I P D D P D P P P P P
information for decision-making purposes

CO 3 solve problems on the following: accounting equation and T-accounts preparation I P I D P D P P P P P

CO 4 demonstrate the ability to apply the rules of debit and credit on business transactions D
D D D D D
D D D D D

I P P P P P P P P P P
CO5 prepare the journlas , ledger, preliminary trial balance, adjusting entries, balance sheet, income
 ​ ​ ​ ​ ​ ​ ​

Income statement, closing entries, post-closing trial balance, reversing entries to complete the whole
accounting cycle

VII. COURSE OUTLINE Lecture Learning Plan

Course Time
Teaching
Outcome Intended Learning Outcomes Topics Allotmen Assessment Tools References
Strategies
s t

Orientation: PIT Mission, Vision, Goal, PIT VMG0

Subject Course Syllabus, Course Course Syllabus 3 hours Lecture-Discussi
Requirements, House Rules, Grading Course Requirements on/ PIT Student
System Interactive
Oral Recitation Handbook
House Rules
Grading system Discussion

Demonstrate an understanding and Definition of Accounting 6 hours Lecture- Oral Recitation

identify the following: definition of History of Accounting Discussion Quiz
CO1 accounting, history of accounting, Branches of Accounting Interactive Assignments/Activit 1,2,3,4,5
CO2 branches of accounting, forms of Users of Accounting Discussion y
business organizations, types of business Information Term Exam
organizations, accounting concepts and
Forms of Business
principles
Organizations
Types of Business
Organizations
Accounting Concepts and
Principles

Analyze business transactions with the Accounting Equation 6 hours Oral Recitation 1,2,3,4,5
use of the accounting equation, Major Types of Accounts Quiz
 ​ ​ ​ ​ ​ ​ ​

CO3 T-account, debit and credit rules, and the T-accounts Assignments/Activit
CO4 Chart of Accounts Debit and Credit Lecture-Discussi y
Chart of accounts on Term Exam
Problem
Exercises

Identify business documents to Business Documents 3 hours Oral Recitation 1,2,3,4,5

CO4 Lecture-Discussi Quiz
support business transactions Assignment/Activity
on
Term Exam
Problem
Exercises

Oral Recitation
CO4 Prepare journals and ledger Journalizing 12 hours Lecture-Discussi Quiz
CO5 Posting on Assignment/Activity 1,2,3,4.5
Problem Term Exam
Exercises

CO4 Prepare preliminary trial balance, Trial Balance 12 hours Lecture-Discussi Oral Recitation 1.2.3.4,5
CO5 Adjusting Entries on Problem Quiz
adjusting Entries
Exercises Assignment/Activity
Term Exam

CO5 Prepare the worksheet, income Worksheet 8 hours Oral Recitation 1,2,3,4,5
Income Statement Lecture-Discussi Quiz
statement, balance sheet, closing Balance Sheet on Assignment/Activity
entries, post-closing trial balance, Closing entries
Problem Term Exam
reversing entries Post-Closing Trial Balance
Reversing Entries Exercises

Mid-Term and Final Examination 4 hours

Total 54 hours
 ​ ​ ​ ​ ​ ​ ​

=======
=

VIII. COURSE REQUIRMENTS 7 EVALUATIVE MEASURES

1.​ Passing the quizzes, term examinations, problem exercise/activities, and submission of assignments;
2.​ Active participation in class discussion.
3.​ Oral individual reporting.
4.​ Regular and punctual attendance in classes.
5.​ Maximum number of absences must be 20% of the total number of hours
6.​ Three late is equivalent to one hour absent.
7.​ Arrive 15 minutes from schedule time is considered late.

Grading System

Quizzes 30%
Term Examination 40%
Oral individual report/
Class participation 20%
Problem exercises 10%
Total 100%
====
 ​ ​ ​ ​ ​ ​ ​

IX. References
​ :​
1.​ Aghamazing Guro Senior High School (SHS) Learning Resources ABM 1. https://drive google,com.file/d/OB869YFOKEHr7dWO3X2d3UWRNZW8/viewABM1
2.​ Chua, Kevin Troy. Sir Chua’s Accounting Lesson PH. 2015.
3.​ Florendo, Joselito G. Fundamentals of Accountancy, Business and Management . Rex Book Store Inc. Manila Philippine
4.​ Rabot, Bernabe D. Jr. Malco, Ma. Theresa, De Francisca. Accounting Skills and Bookkeeping Principles Workbook. Great Books Trading 2019.
5.​ Salazar, Dani Rose C. Fundamentals of Accountancy, Business and Management 2. Rex Book Store Inc. 2017​ ​ ​
e-sourceS
6.​ Kevin Troy M. Chua, CPA. Sir Chua’s Accounting Lessons PH
7.​ Introduction to Accounting for Filipino ABM Students and Accounting Majors
8.​ November 4, 2019. https://tinyurl.com/y9avdftl
9.​ Aghamazing Guro Senior High School (SHS) Learning Resources (ABM 1)
10.​https://drive.google.com.file/d/OB869YFOKEHr7dWO4Xzd3UWRNZW8/view ABM 1
11.​ https://www.accountingcoach.com transaction equation
12.​ https://www.investopia.com accounting equation
13.​ https://www.accountingtools.com
14.​ You Tube . Accounting Stuff (accounting equation)
15.​ You Tube. The Finance Storyteller (debit and credit)
16.​ https://www.investopedia.com T account
17.​ ​ Sir Chua’s Accounting Lesson PH Lesson 010. Types of Major Accounts. YouTube.https://tinyurl.com/ys4wfeg4. April 8, 2020.
18.​ Sir Chua’s Accounting Lesson PH Lesson 011 Books of Accounts You Tube. https://tinyurl.com/yywk6wd8. April 12, 2020.
19.​ Sir Chua’s Accounting Lesson PH Lesson 012 Analysis of Transactions. You Tube. https://tinyurl.com/yywk6wd8. April 14, 2020.
20.​ Sir Chua’s Accounting Lesson PH Lesson 013 Rules of Debit and Credit. You Tube. https://tinyurl.com/yywk6wd8. April 14, 2020.
21.​ Sir Chua’s Accounting Lesson PH Lesson 014 Journalizing.. You Tube. https://tinyurl.com/y5rbqgm5. April 14, 2020.
22.​ Sir Chua’s Accounting Lesson PH Lesson 015. Posting.. You Tube. https://tinyurl.com/y6kdm964. April 15, 2020.
 ​ ​ ​ ​ ​ ​ ​

23.​ Sir Chua’s Accounting Lesson PH Lesson 016. Trial Balance. You Tube. https://tinyurl.com/y6qlj4qa. April 15, 2020
24.​ Sir Chua’s Accounting Lesson PH Lesson 010. Types of Major Accounts. YouTube.https://tinyurl.com/ys4wfeg4. April 8, 2020.
25.​ Sir Chua’s Accounting Lesson PH Lesson 011 Books of Accounts You Tube. https://tinyurl.com/yywk6wd8. April 12, 2020.
26.​ Sir Chua’s Accounting Lesson PH Lesson 012 Analysis of Transactions. You Tube. https://tinyurl.com/yywk6wd8. April 14, 2020.
27.​ Sir Chua’s Accounting Lesson PH Lesson 013 Rules of Debit and Credit. You Tube. https://tinyurl.com/yywk6wd8. April 14, 2020.
28.​ Sir Chua’s Accounting Lesson PH Lesson 014 Journalizing.. You Tube. https://tinyurl.com/y5rbqgm5. April 14, 2020.
29.​ Sir Chua’s Accounting Lesson PH Lesson 015. Posting.. You Tube. https://tinyurl.com/y6kdm964. April 15, 2020.
30.​ Sir Chua’s Accounting Lesson PH Lesson 016. Trial Balance. You Tube. https://tinyurl.com/y6qlj4qa. April 15, 2020.

Prepared by: ​ ​ ​ ​ Reviewed and Recommended by​ ​ ​ Approved by:

LUZ P. PALOMA​ ​ ​ ​ ​ FRANCES LENY DELANTAR​ ​ ​ ​ NATHANIEL BRYAN S. FIEL

Parttimer Instructor​ ​ ​ ​ Chairperson, Hospitality Management Dept. ​ ​ Dean, College of Arts and Sciences
 ​ ​ ​ ​ ​ ​ ​

CONFIRMATION AND ACKNOWLEDGEMENT RECEIPT

This is to confirm that the contents of the course syllabus in ______________, ____________of AY _______________ at ___________________________, were
discussed to us during the first day of class and a copy of which was provided for reproduction and individual reference and guide.

NAME COURSE&YEAR SIGNATURE NAME COURSE&YEAR SIGNATURE