DON HONORIO VENTURA TECHOLOGICAL STATE UNIVERSITY

COLLEGE OF BUSINESS STUDIES

CBA-236-12-

DHVTSU VISION
To improve man as man by developing individuals through a legacy of excellent education and compassionate value formation
OLFU MISSION
CORE VALUES
The noble dictum improving man as man embodies the existence of Through innovative learning strategies focused on strong and updated
Fatima Medical Science Foundation and Our Lady of Fatima University academic foundation with enhanced industry skills and experience, a
as educational institutions dedicated to the holistic formation of men and graduate of OLFU is expected to be an ACHIEVER. In the community
women imbued with the necessary skills, virtues and academic and in the workplace, an OLFU graduate will be known as a person who:
development. To achieve this end, the university aims to:
A
Aspires To Do His Best
Commit itself to the service of society through quality education;
C Is Credible And Compassionate
Develop the capabilities of individuals in order to maximize their H Is Hardworking And Honorable
I
Is An Inspiration To Others
potentials;
Nurture future professionals with the requisite academic foundation E Is Efficiently Entrepreneurial And Employable
and conventional skills so as to mold them into highly-respected leaders V Is A Visionary
E Is Ethical And Has Excellent Work Habits
and members of society;
Is Responsible
Respond effectively to the changing needs and conditions of the R
times through continuing professional education and research;
Inculcate social awareness through community outreach program;
Imbue a deep sense of nationalism and pride in our Filipino
heritage;
Uphold virtues of truth, justice integrity, compassion and faith in God
PROGRAM MISSION
PROGRAM VISION
To realize our vision for the College:
We envision a Model Business College for the Business Leaders
We commit ourselves to deliver the program intended learning outcomes seeking holistic competence in the business domains of Marketing ,
utilizing the academe-industry collaboration model as we promote the Management , Banking and Accountancy
ideals of ACHIEVERS in producing learning who are passionate to
excel, professionally competent and practice social responsibility in
doing business.
PROGRAM EDUCATIONAL OBJECTIVES (PEO)
PROGRAM OUTCOMES
Following the competencies set by the Commission on Higher Education
1. Identify and demonstrate the knowledge and skills related to
principles concept and operations in various business
and the desire for the educational paradigm shift of Higher Educational
domains/accounting system of enterprise
Institutions in the Philippines through Outcomes-Based Education, the
2. Accept responsibilities, perform work activities and practice
Institutional Intended Learning Outcome, the following educational
team work productively based on the industry competency
objectives were developed. That after a few years of graduation the
standards
graduates of BSA should:
3. Demonstrate a wide range of routine, service quality
procedures, and advance skills in using technology applications
and business/organizational communication techniques
Attain a certain degree of technical skills and operational expertise
4. Select, justify, and strategize techniques and skills needed to
in making themselves successful in various fields of hospitality
acquire, understand, and assess information from a range of
industry and in other careers/fields they intend to pursue and
sources applicable to improve efficiency in the business operation.
manage.
5. Diagnose operational problems and situations accurately
Attain careers where they will apply the knowledge and skills
across a wide range of business domain
related to principles, concepts and operations of hospitality
6. Develop effective plans for the implementation of effective
strategies across a wide range of business operational problems
enterprises in producing managerial decisions and organizational
7. Manifest a) values reflective of a humanist orientation (e.g. ,
platforms that are based on sound business practices and ethically
fundamental respect for others as human beings with intrinsic
accepted
rights , cultural rootedness , an avocation to serve); b) analytical
Attain a high level of entrepreneurial expertise in designing
and problem solving skills , c) the ability to think through the
sustainable business development related to lodging and food
ethical and social implication of a given course of action; and d)
service industry
the competency to learn continuously throughout life- that will
Attain leadership both in the practice of their profession and in
enable you to live meaningful in a complex , rapidly changing and
globalized world while engaging ( in ) your community and the
community engagement
nations development issues and concerns

COURSE SYLLABUS
FUNDAMENTALS OF ACCOUNTING 1 (Lecture)
COLLEGE

CBA

DEPARTMENT

ACCOUNTANCY

COURSE CODE

ACCTG 1
(BSA)

DESCRIPTIVE
TITLE

Fundamentals of
Accounting 1

PREREQUISITE (S)

None

CREDIT UNIT (S)

6 units

CONTACT HOURS Lecture: 6 hrs

PER SESSION:

COURSE DESCRIPTION
This course provides an introduction to accounting, within the context of business and business
decisions. Students obtain basic understanding of the principles and concepts of accounting as well
as their applicability and relevance in the national context and learn how to use various types of
accounting information found in financial statements and annual reports. Emphasis is placed on
understanding the reasons underlying basic accounting concepts and providing students with an
adequate background on the recording, classification, and summarization functions of accounting to
enable them to varied uses of accounting data.
COURSE OUTCOMES (CO)
After successful completion, students already have:
1.
Used the Accounting concepts, principles, assumptions and standards based
on GAAP
2.
Designed Accounting Book of records in good form
3.
Used computer related accounting system (e. g. SAP B1) accurately
4.
Created in good form financial reports guided by its standards, concepts and
principles.
5.
Hypothesized the financial status of a company accurately based on gathered
accounting information

ALIGNMENT OF COURSE OUTCOMES (CO) WITH PROGRAM OUTCOMES (PO)

CO
1
2
3
4
5

DESCRIPTION
Used the Accounting concepts, principles, assumptions and
standards based on GAAP
Designed Accounting Book of records in good form
Used computer related accounting system (e. g. SAP B1)
accurately
Created in good form financial reports guided by its standards,
concepts and principles.
Hypothesized the financial status of a company accurately
based on gathered accounting information

PO1

PO2

PO3

PO4

PO5

PO7

PO6

ALIGNMENT OF COURSE OUTCOMES (CO) WITH UNIT OUTCOMES (UO)

UO
1
2
3
4

DESCRIPTION
Identify and explain the Generally Accepted Accounting Principles, and concepts and
the related business assumptions
Journalize business transactions and classify the different chart of accounts to create
the book of original and final entry
Apply accounting principles in creating accounting data base information
Journalize business leading to entries in the books of original and final entry

Construct a trial balance from the accounts given in the ledgers

PRELIMINARY EXAMINATION

CO1

CO2

CO3

CO4

CO5

PRELIMINARY TERM

Week
1

Unit Outcomes (UO)

COURSE ORIENTATION:
Understand the mission and vision
of OLFU
Analyze the content of the course
syllabus and requirements
Identify and explain the Generally
Accepted Accounting Principles, and
concepts and the related business
assumptions

Course content
OLFU VMV
PEO, CEO
Course Outline
Introduction to Accounting
History of Accounting
Business transactions and Event
Generally accepted accounting
principles
Users of accounting information
Review of the forms of business
organization and activities done in a

Teaching/
Learning
activities
Teaching/
Learning
Lecture
Discussion

Assessment
Task

Lecture
Discussion
Application of
principles

Formative quiz
Exercises and
cases

Assessment
tools

Resources
Student
Handbook
Textbook
Textbook
Research
materials

Classify the different accounts

leading to entries in the books of
original and final entry
Apply accounting principles in
creating accounting data base
information
Journalize business leading to
entries in the books of original and
final entry

Construct a trial balance from the

accounts given in the ledgers

business organization
The Rules of Debit and Credit
Accounting Equation
Effects on the accounting elements
Double entry system

Lecture
Discussion
Application of
principles

Formative quiz
Exercises and
cases

Textbook
Research
materials

Rules of debit and credit

Lecture
Transaction Analysis
Discussion
Journalizing
Application of
Posting to the T-account
principles
Trial Balance
Rules of debit and credit
Lecture
Journals to ledgers
Discussion
Ledgers to trial balance
Application of
Balance sheet from trial balance
principles
Income statement from trial balance
Statement of capital from trial balance
PRELIMINARY EXAMINATION

Formative quiz
Exercises and
cases

Textbook
Research
materials

Formative quiz
Exercises and
cases

Textbook
Research
materials

ALIGNMENT OF COURSE OUTCOMES (CO) WITH UNIT OUTCOMES (UO)

UO
7
8
9
10
11
12

DESCRIPTION
Distinguish the different types of adjustments necessary to prepare a meaningful
financial statements: pre payments and deferrals
Distinguish the different types of adjustments necessary to prepare a meaningful
financial statements: accruals; depreciation, and other adjustments
Distinguish the different types of adjustments necessary to prepare a meaningful
financial statements: pre-payments; deferrals; accruals; depreciation, and other
adjustments
Infer from the adjustments worksheet sentries that will lead to the meaningful financial
statements
Manipulate account balance to properly classify accounts into its appropriate financial
statements

CO1

CO2

CO3

CO4

CO5

MIDTERM EXAMINATION
MID TERM
Teaching/Learning
activities
Teaching/ Learning

Week
7

Unit Outcomes (UO)

Distinguish the different types of
adjustments necessary to prepare a
meaningful financial statements: pre
payments and deferrals
Distinguish the different types of
adjustments necessary to prepare a
meaningful financial statements:
accruals; depreciation, and other
adjustments
Distinguish the different types of
adjustments necessary to prepare a
meaningful financial statements:
pre-payments; deferrals; accruals;
depreciation, and other adjustments

10

Infer from the adjustments

worksheet sentries that will lead to
the meaningful financial statements

11

Manipulate account balance to

properly classify accounts into its
appropriate financial statements

Course Content
Trial balance review
Completing the accounting Cycle
Adjusting entries
Pre-payments
Deferred income
Completing the accounting cycle
Adjusting entries
Accruals
Depreciation
Other adjustments
Completing the accounting cycle
Adjusting entries
Pre-payments
Deferred income
Accruals
Depreciation
Worksheet completion
Worksheet completion
Preparation of financial statements
Financial statements
Classification of balance sheet
accounts
Classification of income statement
accounts
MIDTERM EXAMINATION

Assessment
Task
Assessment
Tools
Formative quiz
Exercises and
cases

Resources
Textbook
Research
materials

Lecture
Discussion
Application of
principles

Formative quiz
Exercises and
cases

Textbook
Research
materials

Lecture
Discussion
Application of
principles

Formative quiz
Exercises and
cases

Textbook
Research
materials

Lecture
Discussion
Application of
principles
Lecture
Discussion
Application of
principles

Formative quiz
Exercises and
cases

Textbook
Research
materials

Formative quiz
Exercises and
cases

Textbook
Research
materials

Lecture
Discussion
Application of
principles

ALIGNMENT OF COURSE OUTCOMES (CO) WITH UNIT OUTCOMES (UO)

UO
13
14
15
16
17
18

DESCRIPTION
Manipulate the accounts in the accounting cycle leading to the preparation of
financial statements
Evaluate the importance of year-end entries and its effect on the accounting period
closing entries
Evaluate the importance of year-end entries and its effect on the accounting period
reversing entries
Appreciate the importance of accounting to a day-today activities of a business
organization
Reproduce the final output of a service business organization applying the different
principles involved in the preparation of financial statements

CO1

CO2

CO3

CO4

CO5

FINAL EXAMINATION
FINAL TERM
Teaching/Learning
activities
Teaching/ Learning

Week
13

Unit Outcomes (UO)

Manipulate the accounts in the
accounting cycle leading to the
preparation of financial statements

14

Apply accounting system

appropriately by the use of special
journals

15

Evaluate the importance of yearend entries and its effect on the

accounting period reversing
entries

16

Appreciate the importance of

accounting to a day-today activities
of a business organization

17

Reproduce the final output of a

service business organization
applying the different principles
involved in the preparation of
financial statements

Course content
Accounting for mechanizing concern:
Revenues, Sales Transactions, Sales
Returns and Sales Discounts, Sales
on Account and Credit Terms, Cash
Discounts, Cost of Sales Section,
Purchase Transaction, Purchase
Returns & Allowances, Purchase
Discounts and trade Discounts,
Freight-In or transportation In,
Merchandise Inventory System,
Operating Expenses
Combination Journals, Special
Journals, Sales Journal, Cash
Receipts Journal, Purchases Journal,
Cash Payments Journal, General
Journal, Subsidiary ledgers.
Combination Journals, Special
Journals, Sales Journal, Cash
Receipts Journal, Purchases Journal,
Cash Payments Journal, General
Journal, Subsidiary ledgers continued
Year-end Procedures, Trial Balance,
Locating Errors in the Trial Balance,
Adjusting and Reversing Entries,
Asset Depreciation, Estimated
Uncollectible Accounts, Accrued
Expenses, Accrued Revenues,
Prepaid Expenses, Unearned
Revenues, Merchandise Inventory
Adjustments, Closing
Balance Sheet, Forms of Balance
Sheet, Assets, Liabilities, Equity,
Income Statement, Income statement
concepts, Income Statement
Presentation, Forms of Income
Statement, Cash Flow Statement
,Financial Statement Analysis,
Comparative statements, Special
Ratios and measurements, Other
measurements
FINAL EXAMINATION

Assessment
Task
Assessment
tools
Formative quiz
Exercises and
cases

Textbook
Research
materials

Lecture
Discussion
Application of
principles

Formative quiz
Exercises and
cases

Textbook
Research
materials

Lecture
Discussion
Application of
principles

Formative quiz
Exercises and
cases

Textbook
Research
materials

Lecture
Discussion
Application of
principles

Formative quiz
Exercises and
cases

Textbook
Research
materials

Lecture
Discussion
Application of
principles

Formative quiz
Exercises and
cases

Textbook
Research
materials

Lecture
Discussion
Application of
principles

TEXTBOOKS
Ballada, W. (2013), Basic Accounting Made Easy, Manila, DomDane Publishers
REFERENCES (BOOKS/ONLINE WEBSITES/JOURNALS)

Resources

Ainsworth, P. (2011), Introduction to Accounting:an Integrated Approach, New York, 6th ed.
Anthony, R. (2011), Accounting :text and cases, 13 e
Frias, S. (2010), Introductory Accounting, Manila, 2nd ed
Galanza, R. (2010), Fundamentals of Accounting, Book 1 Sole Proprietorship, Manila
ALIGNMENT OF TEACHING LEARNING ACTIVITIES (TLA) WITH COURSE OUTCOMES (CO
(OBTL) TEACHING LEARNING
CO1 CO2

NO
1

Lecture

Discussion

Application of principles

CO3

CO4

CO5

ASSESSMENT TASK (AT) AND TOOLS WITH COURSE OUTCOMES (CO)

NO

ASSESSMENT TASKS

CO1

CO2

CO3

CO4

CO5

Formative tests

Exercises

Cases

Examinations

ASSESSMENT WEIGHTING: HOMEWORK, WRITTEN REPORTS AND PAPERS

Homework and Assignment

Student assignments and homework are to be checked and discussed on the next meeting.
Each student is required to complete a practice set (SAP) and submit the same at the end of the final
grading period.

Written Reports and Project Paper

GRADING SYSTEM
The final grade of the student is interpreted as shown on the table below:
AVERAGE

ABOVE 98.00 95.00 97.00

FINAL GRADE
1.00
FDA (Failure due to Absences)
AW (authorized withdrawal
Lecture 60%:
Prelims (20%)
Laboratory 40% Quizzes (50%)

94.00

83.00 85.00 80.00-82.00

76.00-79.00

75.00

74.00 and below

1.25
1.50
2.25
2.50
2.75
3.00
UW (Unauthorized Withdrawal)
INC (Incomplete)
NFE (No Final Examination
Midterms (20%) Finals (25%)
Quizzes (25%) Research(5%) Attendance (5%)
Experiments (20%) Performance Grade (20%) Attendance (10%)

5.0

OTHER IMPORTANT INFORMATION

OTHER COURSE POLICIES
STUDENTS COURSE PORTFOLIO
LANGUAGE OF INSTRUCTION
ATTENDANCE

All exercises and requirements for the course are to be complied by the students as part of their
portfolio and must be made available for inspection by the instructor before the end of the semester
ENGLISH
Per Section 1551 of CHEDs Manual of Regulation for Private Educational Institution, a student who has
incurred absences more than twenty percent (20%) of the total number of school days shall not be
given credit to the course regardless of class standing. For further provisions of the said policy, please
refer to the OLFU Student Handbook.

COURSE CONSULTATION SCHEDULE

Name of Faculty: Prof. Pastor Judith Valcorza, CPA, PH. D./ M 10:30 to 1:30

COURSE REVIEW AND ENHANCEMENT

MEMBERS

Chair: Mrs. Arsenia U. Gallardo

PREPARED BY:

ENDORSED BY:

DR. PASTOR J. VALCORZA

Department head, BSA
Date:

MRS. ARSENIA U. GALLARDO

Coordinator, CBA
Date:

APPROVED BY:
DR. IGNACIO C. CORDOVA, JR
Dean
Date: