ACCTG-101-SYLLABUS.docx
- 1. 1 FM-AA-CIA-13 Rev. 0 10-July-2020 COURSE SYLLABUS IN _________________________ BUSINESS ADMINISTRATION 2nd Semester, S.Y 2021 – 2022 COURSE SYLLABUS COURSE INFORMATION COURSE CODE ACCTG 101 COURSE TITLE (BASIC ACCOUNTING) ACCOUNTING FOR BUSINESS ENTERPRISE COURSE CREDIT 3 UNITS CLASS HOURS 54 HOURS COURSE PREREQUISITE/ CO-REQUISITE NONE COURSE SCHEDULE UNIVERSITY VISION, MISSION, QUALITY POLICY, INSTITUTIONAL OUTCOMES AND PROGRAM OUTCOMES UNIVERSITY VISION To become an ASEAN Premier State University by 2025. UNIVERSITY MISSION The Pangasinan State University, through instruction, research, extension and production, commits to develop highly principled, morally upright, innovative and globally competent individuals capable of meeting the needs of industry, public service and civil society. QUALITY POLICY The Pangasinan State University shall be recognized as an ASEAN premier state university that provides quality education and satisfactory service delivery through instruction, research, extension and production. We commit our expertise and resources to produce professionals who meet the expectations of the industry and other interested parties in the national and international community. We shall continuously improve our operations in response to changing environment and in support of the institution’s strategic direction. INSTITUTIONAL OUTCOMES The Pangasinan State University Institutional Learning Outcomes (PSU ILO) are the qualities that PSUnians must possess. These outcomes are anchored on the following core values: Accountability and Transparency, Credibility and Integrity, Competence and Commitment to Achieve, Excellence in Service Delivery, Social and Environmental Responsiveness, and Spirituality – (ACCESS). Anchored on these core values, the PSU graduates are able to: 1. Demonstrate through institutional mechanisms, systems, policies, and processes which are reflective of transparency, equity, participatory decision making, and accountability; PANGASINAN STATE UNIVERSITY J BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION San Carlos City, Pangasinan
- 2. 2 FM-AA-CIA-13 Rev. 0 10-July-2020 COURSE SYLLABUS IN _________________________ 2. Engage in relevant, comprehensive and sustainable development initiatives through multiple perspectives in decisions and actions that build personal and professional credibility and integrity. 3. Set challenging goals and tasks with determination and sense of urgency which provide continuous improvement and producing quality outputs leading to inclusive growth; 4. Exhibit life-long learning and global competency proficiency in communication skills, inter/interpersonal skills, entrepreneurial skills, innovative mindset, research and production initiatives and capability in meeting the industry requirements of local, ASEAN and international human capital market through relevant and comprehensive programs; 5. Display, socially and environmentally responsive organizational culture, which ensures higher productivity among the university constituents and elevate the welfare of the multi-sectoral communities and; 6. Practice spiritual values and morally upright behavior which promote and inspire greater harmony to project a credible public image. PROGRAM OUTCOMES GRADUATE ATTRIBUTES PROGRAM OUTCOMES PERFORMANCE INDICATORS Nationalistic, Culture Sensitive A. Promote deep sense of nationalism and pride in the students’ own culture and national identity. Loyal to his/her country and very proud to represent the country’s culture and products Lifelong learner B. Apply key theories, models and applications that underlie each of the functional areas of business within the local and global business context that supports and facilitates an appreciation of lifelong professional development Conduct needs assessment of the market Eloquent C. Communicate effectively with stakeholders using oral, writing, and electronic documentation skills. Express ideas confidently in oral and written form Socially and Environmentally Responsible D. Work effectively and efficiently in collaborative activities with stakeholders and diverse team composition with minimal supervision Can collaborate effectively with his/her team members Objective E. Analyze the business environment using the appropriate decision making tools to critically, Able to identify the needs of the market using Michael Porter’s Model, SWOT, etc.
- 3. 3 FM-AA-CIA-13 Rev. 0 10-July-2020 COURSE SYLLABUS IN _________________________ analytically, and creatively solve problems and drive results Socially and Environmentally Responsible H.Exercise strong corporate citizenship and social responsibility to preserve the Filipino values, moral and ethical standards in times of rapid development, urbanization and technological advancement Provide knowledge based on the community Lifelong learner G. Apply technology effectively and efficiently as required by the business environment to enable business growth, development and sustainability Technologically adept with the state of the art office facilities and equipment PROGRAM OUTCOMES SPECIFIC FOR MARKETING MANAGEMENT Knowledgeable H. Articulate and discuss the latest trends and developments in Business and the emerging industry particularly in the field of marketing that drive innovation Can formulate concepts and models to enhance further the operations of the business Socially and Environmentally Responsible I. Identify and meet the changing needs of clients, employers, customers, and markets. Actively involved in professional organizations and regularly comply with the requirements set by the organization Knowledgeable J. Prepare business-related plans such as marketing, business and product development plans. Can prepare and analyse business proposal for future business expansion or projects Knowledgeable and ethical K. Identify and manage risk using ethical approaches when developing solutions to - Can perform situation audit to improve further the operations of the business
- 4. 4 FM-AA-CIA-13 Rev. 0 10-July-2020 COURSE SYLLABUS IN _________________________ business/marketing problems and challenges - Be able to comply with the standards set by the National Government and other instrumentalities of the Government Knowledgeable A. Conduct feasibility study and marketing research Can identify appropriate business opportunities to venture into COURSE DESCRIPTION This course provides an introduction to accounting, within the context of business and business decisions. Students explore the basic structure of accounting information found in financial statements and annual reports. It also helps the students identify what are the journalizable transactions, how to record business transactions in chronological order, and it also guides the students in preparing financial statements such as the statement of financial performance, statement of financial position, statement of cash flows, and statement of changes in owner’s equity. This course starts with a discussion of accounting thought and the theoretical background of accounting and the accounting profession. The next topic is the accounting cycle-recording, handling and summarizing accounting data, including the preparation and presentation of financial statements for merchandising and service companies. Emphasis is placed on understanding the reasons underlying basis accounting concepts and providing students with an adequate background on the recording, classification, and summarization functions of accounting to enable them to appreciate the varied uses of accounting data. At the end of this course, the students would be able to formulate their own financial statements and understand the daily transactions of business ventures. COURSE OUTCOMES COURSE OUTCOMES (CO) PROGRAM OUTCOMES CODE (PO) 1. Understand fundamental accounting concepts and principles. PO1, PO2 2. Develop the capability to perform accounting function: recognition, valuation and measurements. PO1, PO2 3. Analyze business transactions using source documents and describe the effects on the accounting equation. PO1, PO2, PO5 4. Demonstrate the recording, posting, preparation of trial balance and adjusting entries. PO1, PO2, PO5 5. Prepare and explain the purpose of the financial statements. PO1, PO2, PO5, PO7, 6. Illustrate accounting system of merchandising concern. PO1, PO2, PO5, PO7 7. Perform other related business transactions such as bank reconciliation and financial ratio analysis. PO1, PO2, PO3, PO4, PO5
- 5. 5 FM-AA-CIA-13 Rev. 0 10-July-2020 COURSE SYLLABUS IN _________________________ COURSE LEARNING PLAN Course Outcome/s Learning Outcomes Topics Hours Learning Activities (Face-to-Face and Remote Teaching) Learning Materials and Platform Assessment CO1 1. Recognize accounting as a potential career to look forward to identify the various expertise a graduate person may practice after finishing his bachelor’s degree in Business Administration 2. Identify and understand the various definitions of accounting and the concepts involved including the processes and principles by which accounting information is prepared. 3. Name the forms and types of business organization and explain each 4. Identify the various users of financial statements and their interest in the said statements. LESSON 1: INTRODUCTION A. Basic Accounting B. Definitions of Accounting C. Nature of Accounting D. Functions of Accounting E. Users of Accounting F. Branches of Accounting G. Forms of Business Organization 3 hours Remote Teaching Modules, Online Class/MS TEAMS Recitation, Quiz, Assignment
- 6. 6 FM-AA-CIA-13 Rev. 0 10-July-2020 COURSE SYLLABUS IN _________________________ CO1, CO2,CO7 1. Explain the different accounting concepts and principles used in processing accounting information 2. Identify and understand the fundamental qualities of accounting LESSON 2: ACCOUNTING CONCEPTS AND PRINCIPLES A. Basic Assumptions in Accounting B. Basic Principles of Accounting C. Fundamental Qualities of Accounting 6 hours Remote Teaching Modules, Online Class/MS TEAMS Recitation, Quiz, Assignment CO3, CO4, CO5 1. Understand the significance of accounting equation and learn the normal balances of accounts 2. Identify and understand the different forms financial statements 3. Identify the various account titles used in accounting for business transactions LESSON 3: ACCOUNTING EQUATION A. Basic Financial Statements B. Elements of Financial Statements C. Definitions, Classifications, and Examples of Accounts 3 hours Remote Teaching Modules, Online Class/MS TEAMS Recitation, Quiz, Assignment CO1, CO3, CO4, CO5 1. Understand the use and coverage of accounting information system 2. Determine the methods of processing accounting information 3. Identify business transactions and events that are recordable 4. Differentiate and understand the double entry system and single entry system 5. Identify the different journals where voucher entries are recorded and learn how to sue the said journals 6. Understand the use of T- account LESSON 4: ACCOUNTING INFORMATION SYSTEM AND DOUBLE-ENTRY SYSTEM A. Accounting Information System B. Importance of Accounting information System C. Coverage of Accounting Information System D. Methods of Processing Accounting Information E. Business Transactions and Events F. The Double Entry vs. Single-Entry Systems G. The Financial Transaction Worksheet H. The T-Account I. Classification of Journal Books J. The Classification of Activities 3 hours Remote Teaching Modules, Online Class/ MS TEAMS Recitation, Quiz, Assignment
- 7. 7 FM-AA-CIA-13 Rev. 0 10-July-2020 COURSE SYLLABUS IN _________________________ CO1, CO5, CO4 1. Understand the normal balances of accounts 2. Understand and determine the importance of accounting equation 3. Determine the rule of debit and credit 4. Identify business activities and its proper recording LESSON 5: ANALYZING AND SUMMARIZING BUSINESS TRANSACTIONS A. The Normal Balance of Accounts B. The Rule of Debit and Credit C. The Basic Accounting Equation D. The Expanded Accounting Equation E. Business Activities 6 hours Remote Teaching Modules, Online Class/MS TEAMS Recitation, Quiz, Assignment CO2, CO4, CO5 1. Be able to record the transactions in chronological order 2. Identify and determine the journal entries 3. Identify the classification and forms of journal entries LESSON 6: RECORDING BUSINESS TRANSACTIONS A. The Recording Process B. Forms of Journal Entry C. Classification of Journal Entries 6 hours Remote Teaching Modules, Online Class/MS TEAMS Recitation, Quiz, Assignment CO2, CO3,CO4 1. Understand the need for adjusting entries 2. Identify the proper measurement of income 3. Analyze the proper amount on income at the end of the year LESSON 7: MEASURING BUSINESS INCOME: RECORDING ADJUSTMENTS A. Measuring Business Income B. Basic Adjusting Entries C. Methods of Estimating Doubtful Accounts D. Bank Account Reconciliation 3 hours Remote Teaching Modules, Online Class/MS TEAMS Recitation, Quiz, Assignment CO4, CO5 1. Be able to complete the accounting cycle 2. Be able to post adjusting entries and closing entries at the end of the year 3. Be able to do post-closing trial balance 4. Be able to do reversing entries at the beginning of the next accounting period LESSON 8: COMPLETING THE ACCOUNTING CYCLE A. The Accounting Cycle B. Posting Adjusting Entries and Closing Entries C. Closing Entries of Nominal Accounts D. Post-Closing Trial Balance E. Reversing Entries 6 hours Remote Teaching Modules, Online Class/MS TEAMS Recitation, Quiz, Assignment
- 8. 8 FM-AA-CIA-13 Rev. 0 10-July-2020 COURSE SYLLABUS IN _________________________ CO4, CO5, CO7 1. Learn how to prepare correcting entries 2. Identify accounting errors and how to correct them 3. Differentiate perpetual balancing errors and counter-balancing errors LESSON 9: CORRECTING ENTRIES A. Nature of Correcting Entries B. Classification of Accounting Errors as to Nature or Form C. Discovery of Errors and Their Appropriate Corrections D. Summary of Accounting Errors as to Account Affected E. Perpetual Vs. Counter-Balancing Errors 6 hours Remote Teaching Modules, Online Class/ MS TEAMS Recitation, Quiz, Assignment CO2, CO3,CO4 1. Understand the nature of service business 2. Identify service activities 3. Journalize transactions of service business LESSON 10: ACCOUNTING FOR SERVICING BUSINESS A. Nature of a Service Business B. Accounting for Service Business 3 hours Remote Teaching Modules, Online Class/MS TEAMS Recitation, Quiz, Assignment CO3, CO6 1. Understand the nature of merchandising business 2. Identify merchandising activities 3. Journalize transactions for a merchandising concern 4. Prepare adjusting entries for merchandise inventory account 5. Identify purchases and their contra-purchase account, including the freight arrangement LESSON 11: ACCOUNTING FOR MERCHANDISING BUSINESS A. Nature of a Merchandising Business B. Major Business Activities C. Trade Discount vs. Cash Discount D. Cost of Transportation E. Inventory Valuation F. Adjusting and Closing Entries 3 hours Remote Teaching Modules, Online Class/ MS TEAMS Recitation, Quiz, Assignment CO2, CO3, CO4 1. Understand the nature of manufacturing business activities 2. Journalize manufacturing business transactions LESSON 12: ACCOUNITNG FOR MANUFACTURING BUSINESS A. Nature of Manufacturing Business B. Costs Elements of Manufacturing Business C. Prime Costs and Conversion Costs D. Costs vs. Non-Costs System 3 hours Remote Teaching Modules, Online Class/ MS TEAMS Recitation, Quiz, Assignment
- 9. 9 FM-AA-CIA-13 Rev. 0 10-July-2020 COURSE SYLLABUS IN _________________________ CO1, CO2, CO3, CO4 1. Understand and identify tax accounting 2. Define what is tax accounting 3. Determine different employees benefits and pay LESSON 13: TAXES AND PAYROLL ACCOUNTING A. Tax Accounting B. Accounting for Taxes C. Payroll Accounting D. The Employee’s Pay 3 hours Remote Teaching Modules, Online Class, MS TEAMS Recitation, Quiz, Assignment FINAL EXAMINATIONS…… COURSE REFERENCES AND SUPPLEMENTAL READINGS A. Books and E-books Books: Ferrer, Rodiel C. Millan, Zeus Vernon B.(2017). Fundamentals of Accountancy, Business and Management Part 1 Ferrer, Rodiel C. Millan, Zeus Vernon B. (2017). Fundamentals of Accountancy, Business and Management Part 2 Frias, Solita A. Pefianco, Erlinda C. (2016). Fundamentals of Accountancy, Business, and Management: A Textbook in Basic Accounting 2 Ballada, Win, Basic Accounting Aliling, Leonardo E., MBA,CPA.2013. Fundamentals of Basic Accounting. C. Electronic Sources https://www.google.com/searchcorrectingaccounting errors B. Journals/Magazines COURSE REQUIREMENTS 1. Papers (Essay) 2. Homework (activity sheets)
- 10. 10 FM-AA-CIA-13 Rev. 0 10-July-2020 COURSE SYLLABUS IN _________________________ 3. Quiz 4. Attendance 5. Recitation 6. Preparation of financial statements a. Statement of Financial Performance b. Statement of Cash Flows c. Statement of Financial Position d. Statement of Changes in Owner’s Equity 7. Major Examinations: Midterm and Final. ASSESSMENT AND GRADING Final Grade = ½ Midterm Grade + ½ Final Grade Midterm Grade= 50% Final Grade= 50% Midterm Exam-40% Final Exam- 40% Attendance Attendance Recitation Recitation Quizzes - 30% Quizzes - 30% Home-based Requirements- 30% Home-based Requirements- 30% COURSE POLICIES AND EXPECTATIONS Lecture Class Policies (Online Class) 1. Wear a decent casual dress during web conference. 2. No foul words during online discussions. 3. Observe punctuality and courtesy. 4. Private conversations during web conferencing are not allowed. 5. Respect shall be observed for the teacher and students. 6. Cheating and plagiarism not tolerated.
- 11. 11 FM-AA-CIA-13 Rev. 0 10-July-2020 COURSE SYLLABUS IN _________________________ 7. On-time submission of requirements as agreed during class orientation. Late assignments submitted shall bear necessary equated deductions in merit points. 8. Class attendance is compulsory for discussion, participation and examinations. 9. Missed examinations shall be granted only on valid excuse and reason. 10. Withdrawals of courses enrolled shall follow university rules. FACULTY CONTACT INFORMATION NAME DESIGNATION MOBILE PHONE NUMBER E-MAIL ADDRESS CONSULTATION SCHEDULE OFFICE LOCATION BUSINESS ADMINISTRATION DEPARTMENT Prepared by: NERINESSA B. SANTIAGO, DBA Faculty Checked by: Department Chairperson Recommended by: College Dean Approved: Campus Executive Director