Republic of the Philippines

PALAWAN STATE UNIVERSITY

Taytay Campus

COURSESYLLABUS

Course Title Basic Accounting

Course Number ACCTG.1
Semester & SY First Semester, 2016 2017
Name of Faculty EDMAR C. DECLINES
Department & College Bachelor of Science in Hospitality Management
Course Prerequisites None
Credit 3 Units
Course Description This subject is the first basic of accounting for students under the Bachelor of Science in Hospitality Management .
Course Outcomes At the end of the course, the students were able to:
Describe at the level of a beginning accounting students the nature, functions, scope and limitations of
accounting, its major users and uses; its relationship to other disciplines, and its professional status;
Understand the logic of double entry bookkeeping and the nature and significance of each step in the
accounting cycle;
Prepare in the good form the basic financial statements Balance Sheet and Income Statement for sole
proprietorship business engaged in service activity and merchandising business;
Acquire a skill of accuracy and precision in the Mathematical aspects of accounting;
Integrate the values of honesty, objectivity and integrity in accounting process and;
Develop awareness of social responsibilities of the business enterprises.
Appreciate the role of accounting in business and be motivated to learn more about it.
Course Format Activity-based Discussion
 Learning Plan
Session/Ti
Instructional
me Learning Outcomes Topic Methodologies Assessment
Resources
Allotment
1 hour Understand the vision and Introduction Discussion Whiteboard Practice Task
mission of the Palawan State Mission and Vision
University Leveling the Expectations
4 hours Answer the basics of the what ACCOUNTING AND ITS Lecture, discussion, Paper and Pencil, Seatwork,
and why of accounting. ENVIRONMENT examples. Whiteboard, Assignments,
Introduction LCD Quiz.
Forms of business Projector,Computers,
organization
Definition of
Accounting
Phases of Accounting
Bookkeeping and
Accounting
Fundamental
Concepts
The Accounting
Profession

4 hours Understand the fundamental THE FRAMEWORK Lecture, discussion, Paper and Pencil, Seatwork,
financial accounting theories. Introduction examples. Whiteboard, Assignments,
Objectives and LCD Projector, Quiz.
Financial Statements Computers,
Underlying
Assumptions
Qualitative
characteristics of
Financial Statements
Elements of Financial
Elements
Recognition of the
Elements of Financial
Statements
 Measurement of the
Elements of Financial
statements
9hours Learn about the basic ACCOUNTING Lecture, discussion, Paper and Pencil, Seatwork,
accounting entries for a service EQUATION AND THE Problem-Solving Whiteboard, Assignments,
concern business. DOUBLE-ENTRY examples LCD Projector, Quiz.
SYSTEM. Computers,
The Account
The accounting
Equation
Debits and Credits-
The Double Entry
System
Accounting Events
and Transactions
Types and Effects of
Transactions
Typical Account Titles
Used
9 hours Understand the actual recording ACCOUNTING FOR A Lecture, discussion, Paper and Pencil, Seatwork,
of basic business transactions. SERVICE BUSINESS Problem-Solving columnar, Assignments,
The Journal examples, major Whiteboard, Quiz.
b. Transactions are exams. LCD Projector,
Journalized Computers
c. The Ledger
d. Chart of Accounts
e. Normal Balance of an
Account
f. Posting
g. Ledger Accounts after
Posting
h. Trial Balance
i. Locating Errors
MIDTERM EXAMINATION
9 hours Understand and appreciate the ADJUSTING THE Lecture, discussion, Paper and Pencil, Seatwork,
actual recording of basic ACCOUNTS Problem-Solving columnar, Assignments,
 business transactions through 1. Periodicity Concept examples Whiteboard, Quiz.
the formal way of doing them 2. Revenue and LCD Projector,
for service concern business. Expense Recognition Computers
Principles
3. The Need for
Adjustments
4. Deferrals and
Accruals
5. Adjustments for
Deferrals
6. Adjustments for
Accruals

6 hours WORKSHEET AND

FINANCIAL STATEMENT
1. The Worksheet
2. Preparing the
Worksheet
3. Essence of Financial
Statements
4. Components of
Financial Statements
5. Preparing the
Financial Statements
6. Relationship Among
the Financial
Statements

3 hours ACCOUNTING FOR

MERCHANDISING

1. Merchandising Operations
a. Operating cycle of a
Merchandising
Business
b. Source Documents
c. Steps in a Purchase
 Document
d. Terms of
Transactions
e. Inventory System
f. Net Sales
g. Cost of Goods Sold

3 hours COMPLETING THE CYCLE

FOR A MERCHANDISING
1. Physical Count of
Merchandise
2. Preparing the
Worksheet
3. Preparing the
Financial Statement
4. Adjusting and Closing
Entries
5. Post-Closing Trial
Balance
6 hours Learn and understand the actual SPECIAL JOURNALS Lecture, discussion, Paper and Pencil, Seatwork,
employing of these journals for 1. Sales Journals Problem-Solving columnar, Assignments,
a merchandising concern 2. Cash Receipts examples Whiteboard, Quiz, major
business. Journal exams
3. Purchases Journal
4. Cash Disbursements
Journal
5. General Journal
FINAL EXAMINATION
Course References Basic Accounting
By: Win Lu Ballada
Course Requirements Grading System:
Recitation 10%
Quizzes 30%
Assignments 10%
Seat works 10%
Major Exam _40%
100%
Grading System Computation of Final Grade:
= MG(40%) + (60%)
where:
FG = Final Grade
MG = Midterm Grade
TFG = Tentative Final Grade
Course Policies 1. Students who incur absences should present excuse letter signed by the College Dean. If
the absence is due to illness, a medical certificate should be attached to the excuse letter.
2. A student is automatically dropped from the class if he/she incurs at least eight (8)
unexcused absences.
3. Make-up quizzes/activities can only be given if the students absence is excused.
4. Late submission of requirements would mean corresponding deductions from the students
total points.
5. The last day of dropping subject should be strictly observed.
6. Cellular phones should be set in silent mode while inside the classroom. Texting, making
calls, etc. are allowed only in case of emergencies and with the permission of the teacher.
7. Students who cheat during major examinations will automatically get a grade of zero (0)
in the said examination. A second offense would mean a final grade of 5.0 in the subject.
These actions shall be without prejudice to other disciplinary actions as may appropriate in
accordance with policies set by the University.
8. Students should report to class in complete uniform. The students school identification
should always be in the students possession.
9. Students are expected to be familiar with and to follow and comply with all other policies
by the College or the University.
10. Eating inside the room is prohibited.
Consultation Period MW 1:30 3:00
Prepared by:

EDMAR C. DECLINES
Instructor

Recommended by:

ROMMEL E. DAQUIOAG
Chairperson, BSBA Department

Approved by:

MR. SEVERO E. ARZAGA, JR.

Campus Administrator