Curriculum Guide of K to 12 Senior High School - Fundamentals of Accountancy, Business and Management 1
Objective
Curriculum Information
Education Type
K to 12
Grade Level
Grade 11
Learning Area
Content/Topic
Introduction to Accounting
Branches of Accounting
Users of Accounting Information
Forms of Business Organizations
Types of Business According to Activities
Accounting Concepts and Principles
The Accounting Equation
Types of Major Accounts
Books of Accounts
Business Transactions and Their Analysis As Applied to the Accounting Cycle of a Service Business: Rules of Debits and Credits, Journalizing, Posting and Preparation of a Trial Balance
Business Transactions and Their Analysis As Applied to the Accounting Cycle of a Service Business: Adjusting Entries, Adjusted Trial Balance, and Preparation of Basic Financial Statements (Income Statement)
Accounting Cycle of a Merchandising Business
Intended Users
Educators
Competencies
Define accounting
Describe the nature of accounting
Explain the functions of accounting in business
Narrate the history/origin of accounting
Differentiate the branches of accounting
Explain the kind/type of services rendered in each of these branches
Define external users and gives examples
Define internal users and give examples
Identify the type of decisions made by each group of users
Describe the type of information needed by each group of users
Differentiate the forms of business organization
Identify the advantages and disadvantages of each form
Compare and contrast the types of business according to activities
Identify the advantages, disadvantages, and business requirements of each type
Explain the varied accounting concepts and principle
Solve exercises on accounting principles as applied in various cases
Illustrate the accounting equation
Perform operations involving simple cases with the use of accounting equation
Discuss the five major accounts
Cite examples of each type of account
Prepare a chart of accounts
Identify the uses of the two books of accounts
Illustrate the format of a general and special journals
Illustrate the format of a general and subsidiary ledger
Describe the nature and gives examples of business transactions
Identify the different types of business documents
Analyze common business transactions using the rules of debit and credit
Solve simple problems and exercises in the analyses of business transaction
Describes the nature of transactions in a service business
Records transactions of a service business in the general journal
Posts transactions in the ledger
Prepares a trial balance
Prepares adjusting entries
Complete the accounting cycle
Describes the nature of transactions in a merchandising business
Records transactions of a merchandising business in the general and special journals
Posts transactions in the general and subsidiary ledgers
Prepares a trial balance
Prepares adjusting entries
Completes the accounting cycle of a merchandising business
Prepares the statement of cost of goods sold and gross profit
