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K to 12 BASIC EDUCATION CURRICULUMSENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECTSemester: 2nd SemesterNo. of Hours/ Semester: 80 hours/ semesterGrade: 11Course Title: Fundamentals of Accountancy, Business and Management 1Course Description: This is an introductory course in accounting, business, and management data analysis that will develop students’ appreciation ofaccounting as a language of business and an understanding of basic accounting concepts and principles that will help them analyze business transactions.CONTENT1. Introduction toAccountingCONTENT STANDARDSThe learners demonstrate anunderstanding of thedefinition,nature,function, and history ofaccountingPERFORMANCE STANDARDSLEARNING COMPETENCIESThe learners shall be able to The learners 1.cite specific examples in which 2.accounting is used in making businessdecisions3.4.2. Branches ofAccounting3. Users of AccountingInformationthe varied branches and areas 1. make a list of business within theof accounting, particularlycommunity on the types of1.1. financial accountingaccounting services they require2. management accounting 2. solve exercises in the identification3. government accountingof the branches of accounting4. auditingdescribed through the types of5. tax accountingservices rendered2.6. cost accounting7. accounting education8. accounting researchthe external and internal 1. solve exercises and problems on the1.users of financial informationidentification of users of information,type of decisions to be made, andtype of information needed by the2.users2. cite users of financial informationK to 12 Senior High School ABM Specialized Subject – Fundamentals of Accountancy, Business and Management 1 May 2016CODEdefine accountingABM FABM11IIIa-1describe the nature ofaccountingABM FABM11IIIa-2explain the functions ofaccounting in businessABM FABM11IIIa-3narrate the history/originof accountingABM FABM11IIIa-4differentiate the branchesof accountingABM FABM11IIIa-5explain the kind/type ofservices rendered in eachof these branchesABM FABM11IIIa-6define external users andgives examplesABM FABM11IIIa-7define internal users andgive examplesABM FABM11IIIa-8Page 1 of 7
K to 12 BASIC EDUCATION CURRICULUMSENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECTCONTENTCONTENT STANDARDSPERFORMANCE STANDARDSand identify whether theyexternal or internal usersLEARNING COMPETENCIESare 3.4.4. Forms of BusinessOrganizations5. Types of BusinessAccording toActivities6. Accounting Conceptsand Principles7. The AccountingEquationthe various forms of businessorganization, as follows:1. sole / singleproprietorship2. partnership3. corporation4. cooperatives1. differentiate the forms of businessorganization in terms of nature ofownership2. make a list of existing businessentities in their community andidentify the form of businessorganizationthetypesofbusiness 1. differentiate the types of businessaccordingtoactivities,according to activitiesparticularly:1. service business2. make a list of businesses in2. merchandising businesstheir community according to3. manufacturing businesstheir activitiesaccountingprinciplesconceptsthe accounting equationandidentify generally accepted accountingprinciplessolve problems applying the accountingequationK to 12 Senior High School ABM Specialized Subject – Fundamentals of Accountancy, Business and Management 1 May 2016identify the type ofdecisions made by eachgroup of usersdescribe the type ofinformation needed byeach group of users1. differentiate the forms ofbusiness organization2. identify the advantagesand disadvantages of eachform1. compare and contrast thetypes of businessaccording to activities2. identify the advantages,disadvantages, andbusiness requirements ofeach type1. explain the variedaccounting concepts andprinciples2. solve exercises onaccounting principles asapplied in various cases1. illustrate the accountingequationCODEABM FABM11IIIa-9ABM FABM11IIIa-10ABM FABM11IIIb-11ABM FABM11IIIb-12ABM FABM11IIIb-13ABM FABM11IIIb-14ABM FABM11IIIb-c-15ABM FABM11IIIb-c-16ABM FABM11IIIb-c-17Page 2 of 7
K to 12 BASIC EDUCATION CURRICULUMSENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECTCONTENT8. Types of MajorAccounts9.Books of Accounts10. BusinessTransactionsand Their AnalysisAs Applied to theAccounting Cycle ofa Service Businessa. Rules of Debitsand Creditsb. Journalizingc. PostingCONTENT STANDARDSPERFORMANCE STANDARDSthe five major accounts, define, identify, and classify accountsnamely,according to the five major types1. assets2. liabilities3. capital4. income5. expensesthe two major types of books differentiate a journal from a ledgerof accounts, namely, journal and identify the types of journals andand ledgerledgersthe business transactions andtheir analysis, to includedefinition and nature ofbusiness transactions, typesofsourceorbusinessdocuments, and the rules ofdebits and creditsidentify business and nonbusinesstransactions, enumerate the types ofbusiness documents, recite the rules ofdebit and credit, and apply these tosimple casesK to 12 Senior High School ABM Specialized Subject – Fundamentals of Accountancy, Business and Management 1 May 2016LEARNING COMPETENCIES2. perform operationsinvolving simple caseswith the use of accountingequation1. discuss the five majoraccountsCODEABM FABM11IIIb-c-18ABM FABM11IIId-e-192. cite examples of eachtype of accountABM FABM11IIId-e-203. prepare a Chart ofAccounts1.identify the uses of thetwo books of accounts2.illustrate the format of ageneral and specialjournals3. illustrate the format of ageneral and subsidiaryledger1.describe the nature andgives examples ofbusiness transactions2.identify the differenttypes of businessdocuments3.analyze commonbusiness transactionsusing the rules of debitand creditABM FABM11IIId-e-21ABM FABM11IIIf-22ABM FABM11IIIf-23ABM FABM11IIIf-24ABM FABM11IIIg-j-25ABM FABM11IIIg-j-26ABM FABM11IIIg-j-27Page 3 of 7
K to 12 BASIC EDUCATION CURRICULUMSENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECTCONTENTCONTENT STANDARDSPERFORMANCE STANDARDSd. Preparation ofa Trial BalanceLEARNING COMPETENCIES4.11. BusinessTransactions and TheirAnalysis As Applied tothe Accounting Cycle ofa Service Businessa. Adjusting Entriesb. Adjusted TrialBalancec. Preparation ofBasic FinancialStatements(IncomeStatement)the accounting cycle of aservice business12. Accounting Cycleof a MerchandisingBusinessthe accounting cycle of amerchandising business toinclude the following:1. Journalizing oftransactions using thegeneral and specialjournals, namely: salesjournal, purchase journal,cash receipts journal andcash payments journalidentify business and nonbusinesstransactions, enumerate the types ofbusiness documents, recite the rules ofdebit and credit, and apply these insimple cases1.2.3.4.prepares a trial balance5.prepares adjustingentriescomplete theaccounting cycle6.prepare journal entries, post to theledger, prepare the trial balance,worksheet, adjusting entries andcomplete the accounting cycle of amerchandising business.K to 12 Senior High School ABM Specialized Subject – Fundamentals of Accountancy, Business and Management 1 May 2016solve simple problemsand exercises in theanalyses of businesstransactiondescribes the nature oftransactions in a servicebusinessrecords transactions ofa service business inthe general journalposts transactions inthe ledgerCODEABM FABM11IIIg-j-28ABM FABM11IVa-d-29ABM FABM11IVa-d -30ABM FABM11IVa-d -31ABM FABM11IVa-d -32ABM FABM11IVa-d -33ABM FABM11IVa-d -341.describes the nature oftransactions in amerchandising businessABM FABM11IVe-j -352.records transactions ofa merchandisingbusiness in the generaland special journalsABM FABM11IVe-j-36Page 4 of 7
K to 12 BASIC EDUCATION CURRICULUMSENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECTCONTENTCONTENT STANDARDSPERFORMANCE STANDARDS2. Posting to the ledger,namely: general andsubsidiary ledgers3. Preparation of trialbalance4. Adjusting entries toinclude pre payments,accrual and deferral5. Worksheet preparation,and6. Completing theaccounting cycle of amerchandising businessK to 12 Senior High School ABM Specialized Subject – Fundamentals of Accountancy, Business and Management 1 May 2016LEARNING COMPETENCIESCODE3.posts transactions inthe general andsubsidiary ledgers4.prepares a trial balance5.prepares adjustingentries6.completes theaccounting cycle of amerchandising businessABM FABM11IVe-j -407.prepares the Statementof Cost of Goods Soldand Gross ProfitABM FABM11IVe-j -41ABM FABM11IVe-j -37ABM FABM11IVe-j -38ABM FABM11IVe-j -39Page 5 of 7
K to 12 BASIC EDUCATION CURRICULUMSENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECTCode Book LegendSample:ABM FABM11-IIIa-5LEGENDSAMPLELearning Area and Strand/ Subject orSpecializationAccountancy, Business and ManagementStrandGrade LevelGrade 11Domain/Content/Component/ TopicFundamentals of Accountancy, Business andManagement 1First EntryUppercase Letter/sABM FABM11Roman Numeral*Zero if no specific quarterQuarterThird QuarterIIIWeekWeek oneaLowercase Letter/s*Put a hyphen (-) in between letters to indicatemore than a specific weekArabic NumberCompetencydifferentiate the branches of accountingK to 12 Senior High School ABM Specialized Subject – Fundamentals of Accountancy, Business and Management 1 May 20165Page 6 of 7
K to 12 BASIC EDUCATION CURRICULUMSENIOR HIGH SCHOOL – ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECTReferences:Anastacio, Ma. Flordeliza. Fundamentals of Financial Management (with Industry Based Perspective).( Manila: Rex Book Store, 2011).Gilbertson, Claudia. Fundamentals of Accounting. 8th ed. (Australia: Cengage Learning, 2010).Padillo, Nicanor, Jr. Financial Statements Preparation, Analysis and Interpretation. (Manila: GIC Enterprises, 2011).Pefianco, Erlinda C. The Accounting Process: Principles and Problems. (Makati: Goodwill Trading, 1996).Young, Felina C. Principles of Marketing. (Manila: Rex Book Store, 2008).K to 12 Senior High School ABM Specialized Subject – Fundamentals of Accountancy, Business and Management 1 May 2016Page 7 of 7
K to 12 BASIC EDUCATION CURRICULUM SENIOR HIGH SCHOOL - ACCOUNTANCY, BUSINESS AND MANAGEMENT (ABM) SPECIALIZED SUBJECT K to 12 Senior High School ABM Specialized Subject - Fundamentals of Accountancy, Business and Management 1 May 2016 Page 1 of 7 Grade: 11 Semester: 2nd Semester Course Title: Fundamentals of Accountancy, Business and Management 1 No. of Hours/ Semester: 80 hours/ semester
