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SLM4 Business Simulation Winding Up Report

This document outlines a report on winding up a business simulation. It includes sections for applying knowledge from ABM subjects to the simulation, providing financial reports with an income statement and statement of changes in equity, a reflection on the simulation experience, and options to attach supporting documentation. The financial reports ask the student to follow sample formats to report their individual sales, costs, expenses and net income over 5 weeks, as well as their opening equity, income, withdrawals, closing equity and returned equity.

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75 views3 pages

SLM4 Business Simulation Winding Up Report

This document outlines a report on winding up a business simulation. It includes sections for applying knowledge from ABM subjects to the simulation, providing financial reports with an income statement and statement of changes in equity, a reflection on the simulation experience, and options to attach supporting documentation. The financial reports ask the student to follow sample formats to report their individual sales, costs, expenses and net income over 5 weeks, as well as their opening equity, income, withdrawals, closing equity and returned equity.

Uploaded by

Glycel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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Speaker Eugenio Perez National Agricultural School

Senior High School – Accountancy, Business & Management (ABM)

BUSINESS ENTERPRISE SIMULATION


REPORT ON WINDING UP OF BUSINESS
Prepared by: (Write your name)

I. APPLICATION OF KNOWLEDGE LEARNED IN ABM SUBJECTS TO ACTUAL BUSINESS SIMULATION

A. ORGANIZATION AND MANAGEMENT

Guide question: How were you able to apply your knowledge in Organization and
Management subject to your actual business simulation?

B. BUSINESS MATHEMATICS

Guide question: How were you able to apply your knowledge in Business Mathematics
to your actual business simulation?

C. PRINCIPLES OF MARKETING

Guide question: How were you able to apply your knowledge in Principles of Marketing
to your actual business simulation?

D. BUSINESS ETHICS AND SOCIAL RESPONSIBILITY

Guide question: How were you able to apply your knowledge in Business Ethics and
Social Responsibility to your actual business simulation?

E. APPLIED ECONOMICS

Guide question: How were you able to apply your knowledge in Applied Economics to
your actual business simulation?

F. BUSINESS FINANCE

Guide question: How were you able to apply your knowledge in Business Finance to
your actual business simulation?

G. FUNDAMENTALS OF ABM 1 and 2

Guide question: How were you able to apply your knowledge in Fundamentals of
Accountancy, Business and Management 1 and 2 to your actual business simulation?

H. OTHER SUBJECTS

Guide question: How were you able to apply your knowledge in your other subjects like
English, Filipino, Research, Entrepreneurship, etc. to your actual business simulation?
II. FINANCIAL REPORT

A. INCOME STATEMENT

Directions: Follow the sample format below. This is your individual sales, cost and
expenses and net income.
JUANA AQUINO
(Magangana Group)
INCOME STATEMENT
Weeks 1-5

SALES
T- shirts 500.00
Pants 300.00
Palitaw 150.00
Banana Toron 150.00
TOTAL SALES 1,100.00

COST AND EXPENSES


Cost of T-shirts 250.00
Cost of Pants 150.00
Cost and Expenses for Palitaw 75.00
Cost and Expenses for Banana Toron 75.00
Freight In 75.00
Delivery Expense 75.00
Internet Load 100.00
TOTAL COST and EXPENSES 800.00
NET INCOME 300.00

B. STATEMENT OF CHANGES IN EQUITY

Directions: Follow the sample format below. (Individual capital and individual income)

JUANA AQUINO
(Magangana Group)
STATEMENT OF CHANGES IN EQUITY
Weeks 1 to 5

OWNER’S EQUITY, Beginning 1,000.00


Add: Net Income 800.00
Less: Withdrawal (300.00)
OWNER’S EQUITY, Ending 1,500.00
Less: Return of Equity (1,500.00)
OWNER’S EQUITY, After Winding Up 0
III. REFLECTION

Directions: Write your final personal reflection on Business Enterprise Simulation.

IV. OTHER SUPPORTING DOCUMENTATIONS

Directions: You could attach pictures during your winding up or other pictures that you still need
or want to include in this report.

_____________________________________________________________________________________

Note: It is encouraged that you provide a cover page for this report.

SLM prepared by: JECHRYSTINE D. CARDANO, (ABM Teacher)

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