K TO 12 SENIOR HIGH SCHOOL ABM STRAND - Fundamentals of Accountancy, Business and Management 1 Gr. 11

Teacher's Guide, Curriculum Guide  |  PDF


Published on 2020 February 7th

Description
Curriculum Guide of K to 12 Senior High School - Fundamentals of Accountancy, Business and Management 1
Objective

Curriculum Information

K to 12
Grade 11
Introduction to Accounting Branches of Accounting Users of Accounting Information Forms of Business Organizations Types of Business According to Activities Accounting Concepts and Principles The Accounting Equation Types of Major Accounts Books of Accounts Business Transactions and Their Analysis As Applied to the Accounting Cycle of a Service Business: Rules of Debits and Credits, Journalizing, Posting and Preparation of a Trial Balance Business Transactions and Their Analysis As Applied to the Accounting Cycle of a Service Business: Adjusting Entries, Adjusted Trial Balance, and Preparation of Basic Financial Statements (Income Statement) Accounting Cycle of a Merchandising Business
Educators
Define accounting Describe the nature of accounting Explain the functions of accounting in business Narrate the history/origin of accounting Differentiate the branches of accounting Explain the kind/type of services rendered in each of these branches Define external users and gives examples Define internal users and give examples Identify the type of decisions made by each group of users Describe the type of information needed by each group of users Differentiate the forms of business organization Identify the advantages and disadvantages of each form Compare and contrast the types of business according to activities Identify the advantages, disadvantages, and business requirements of each type Explain the varied accounting concepts and principle Solve exercises on accounting principles as applied in various cases Illustrate the accounting equation Perform operations involving simple cases with the use of accounting equation Discuss the five major accounts Cite examples of each type of account Prepare a chart of accounts Identify the uses of the two books of accounts Illustrate the format of a general and special journals Illustrate the format of a general and subsidiary ledger Describe the nature and gives examples of business transactions Identify the different types of business documents Analyze common business transactions using the rules of debit and credit Solve simple problems and exercises in the analyses of business transaction Describes the nature of transactions in a service business Records transactions of a service business in the general journal Posts transactions in the ledger Prepares a trial balance Prepares adjusting entries Complete the accounting cycle Describes the nature of transactions in a merchandising business Records transactions of a merchandising business in the general and special journals Posts transactions in the general and subsidiary ledgers Prepares a trial balance Prepares adjusting entries Completes the accounting cycle of a merchandising business Prepares the statement of cost of goods sold and gross profit

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