BASIC EDUCATION DEPARTMENT SENIOR HIGH SCHOOL
SY 2019-2020 COURSE DESCRIPTION
IN
FUNDAMENTALS OF ACCOUNTANCY, BUSINESS, AND MANAGEMENT 1
SUBJECT DESCRIPTION
The learner demonstrates an understanding of the accounting, business, and management data analysis that will develop students’ appreciation of accounting as a language of business and an understanding of basic accounting concepts and principles that will help them analyze business transactions.
FIRST QUARTER
• Introduction to Accounting
• Branches of Accounting
• Users of Accounting Information
• Forms of Business Organizations
• Types of Business According to Activities
• Accounting Concepts and Principles
• Types of Major Accounts
• The Accounting Equation
• Books of Accounts
• Business Transactions and Their Analysis as Applied to the Accounting Cycle of a Service Business
a. Rules of Debits and Credits b. Journalizing
c. Posting
d. Preparation of a Trial Balance
SECOND QUARTER
• Business Transactions and Their Analysis as Applied to the Accounting Cycle of a Service Business
a. Adjusting Entries b. Adjusted Trial Balance
c. Preparation of Basic Financial Statements (Income Statement)
• Accounting Cycle of a Merchandising Business
Periodic System and Perpetual System
Accounting for Freight
VAT
Special Journals Reference:
K to 12 DepEd Curriculum Guide
