Basic Accounting Syllabus
Course Syllabus
Basic Accounting
School Year 2011-2012
First Semester
I. CATALOGUE COURSE DESCRIPTION
A. Course Code and No.: ACCTG 1 B. Course Title: Basic Accounting C. Course Description: Basic accounting introduces the importance of accounting and also the basic steps and techniques used. The material covered will also include coverage of the principles and procedures of the accounting cycle for a sole proprietorship and merchandising organizations. General-purpose financial statements will be reviewed, including the Income Statement, Statement of Equity, Balance Sheet, Statement of Cash Flow, and Bank reconciliation. Other topics such as depreciation, inventory, and ratio analysis will be covered. D. Credit Units: 3 Units E. Pre-requisite: None
II. COURSE OBJECTIVES
A. General Objective To provide students with the basic knowledge of accounting and the relevant skills to understand the accounting cycle and preparation of financial statements for sole proprietorship. This objective is geared towards making the students to appreciate the rules and functions of accounting, lay a sound foundation for further study of accounting at a higher level, allow them to appreciate the course in relation to their future career and personal financial management and also assess students’ knowledge of basic accounting principles and their application to modern business activities.
B. Specific Objectives
1. Students will understand the importance of the accounting language. 2. Students will understand the three main types of accounting information. 3. Students will be introduced to phases of accounting, accounting principles and underlying assumption in the accounting process 4. Students will be introduced to the accounting cycle 5. Students will be introduced to the three types of accounting reports required by accepted accounting principles.
Basic Accounting
School Year 2011-2012
First Semester
I. CATALOGUE COURSE DESCRIPTION
A. Course Code and No.: ACCTG 1 B. Course Title: Basic Accounting C. Course Description: Basic accounting introduces the importance of accounting and also the basic steps and techniques used. The material covered will also include coverage of the principles and procedures of the accounting cycle for a sole proprietorship and merchandising organizations. General-purpose financial statements will be reviewed, including the Income Statement, Statement of Equity, Balance Sheet, Statement of Cash Flow, and Bank reconciliation. Other topics such as depreciation, inventory, and ratio analysis will be covered. D. Credit Units: 3 Units E. Pre-requisite: None
II. COURSE OBJECTIVES
A. General Objective To provide students with the basic knowledge of accounting and the relevant skills to understand the accounting cycle and preparation of financial statements for sole proprietorship. This objective is geared towards making the students to appreciate the rules and functions of accounting, lay a sound foundation for further study of accounting at a higher level, allow them to appreciate the course in relation to their future career and personal financial management and also assess students’ knowledge of basic accounting principles and their application to modern business activities.
B. Specific Objectives
1. Students will understand the importance of the accounting language. 2. Students will understand the three main types of accounting information. 3. Students will be introduced to phases of accounting, accounting principles and underlying assumption in the accounting process 4. Students will be introduced to the accounting cycle 5. Students will be introduced to the three types of accounting reports required by accepted accounting principles.
References: A. Valencia, Edwin G. 2009-2010. BASIC ACCOUNTING Concepts, Principles, Procedures and Applications. Baguio City, Philippines. Prepared By: Approved By: Jan Vincent De Guzman Mr. Kendar Somyden President