Republic of the Philippines

UNIVERSITY OF EASTERN PHILIPPINES

University Town, Northern Samar, Philippines
Web: http://uep.edu.ph; Email: [email protected]

COLLEGE OF BUSINESS ADMINISTRATION

BS ACCOUNTANCY
Syllabus in Intro to Financial Accounting
1st Semester, SY 2022-2023
UEP’s Vision: Academically competitive, research and development- focused, public service- Institutional Graduate Outcomes: Graduate of the University of Eastern Philippines should:
driven, and economically sustainable state higher education institution. 1. Exhibit proficiency in their chosen field of discipline through their involvement in various
types of employment;
UEP’s Mission: To offer academic program and services that will effectively transform 2. Utilize research methodologies that will allow them to generate new knowledge and
individuals into productive citizens of the country and accelerate the development of high- address problems and issues and promote development;
level professionals who will provide leadership in meeting the demands of sustainable 3. Values Philippine historical and cultural heritage;
development and challenges of a diverse and globalized society. 4. Demonstrate global awareness through responsible global citizenship;
5. Clearly communicate in several modes of delivery (oral, written, and visual) in English and
UEP QUALITY POLICY Filipino; and
The University of Eastern Philippines (UEP) commits to be academically competitive, research 6. Manifest high degree of professionalism through observation of ethical and professional
and extension-focused, and economically-sustainable public higher education institution. behavior.
Specifically, UEP shall:
College Goals: To provide quality business education through instruction, extension and
Uphold the values relevance, integrity, productivity and excellence in service delivery; production in the fields of Accountancy, Business Economics, Cooperative, Entrepreneurship,
Endeavor to continually improve the quality management system;
Hotel and Restaurant Management, BSBA Management and Marketing and other business
Provide quality services through participatory governance and compliance to legal and other
related courses.
prescribed requirements.

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Program Outcomes:
6. Implement the basic functions of management and use the proper decision tools to critically,
1. Articulate the latest developments through generation of new knowledge or in research analytically, and creatively solve problems and drive results.
and development projects aligned through local and national development agenda or goals in 7. Effectively and efficiently use and employ information and communications technology as a
the specific field of practice. business tool.
2. Effectively communicate orally and in writing using English and Filipino and other foreign 8. Demonstrate working knowledge in the areas of financial accounting and reporting, cost
languages.
accounting and management accounting, auditing, accounting information systems and
3. Work independently and effectively with other multi-disciplinary and multi-cultural teams.
4. Act in recognition of professional, social, and ethical responsibilities as well as demonstrate accounting research.
corporate citizenship. 9. Demonstrate self confidence in performing functions as a professional accountant.
5. Preserve and promote Filipino historical and cultural heritage. 10. Apply required knowledge and skills to pass professional licensure/certification
examinations.

Course Title: INTRODCUTION TO FINANCIAL ACCOUNTING

Course Credits: 3 Units Contact Hours/Week: 3 Hours
Course Description: This course provides information as to why accounting is the language of business. Understanding this language allows everyone inside and
outside of an organization to participate in the "conversation" about how the organization is performing and how it may improve in the
future. Financial accounting is concerned with the reports that managers create to present an overview of the firm's financial situation and
operations to interested third parties. You will master the fundamentals of both of these accounting purposes in this course. More
particular, you'll be able to comprehend the financial statements that managers prepare and interpret and evaluate them in order to assess
the organization's financial status. You'll also learn how to recognize and comprehend the nature, purpose, and significance of several forms
of decision-useful accounting data, as well as how to apply analytical tools and techniques to use this data to make business decisions.
Prerequisite: None
Course Learning Outcomes At the end of this course, the students should be able to:

Knowledge
1 . The learners shall be able to know the different forms of business enterprises and business ownership.
2. The learners shall be able to know the basic purpose of accounting
3. The learners shall be able define business transactions and give examples
4. The learners shall be able to expound the basic and expanded accounting equation
5. Be able to prepare the various journal entries, adjusting entries, worksheets, and basic financial statements of a service business,
merchandising business and on Manufacturing Operations.

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 Conceptual
1. Be able to explain the different basic accounting concepts and the underlying assumptions in preparing financial statements.
2. Be able to explain mechanics of the double-entry bookkeeping system.
3. Be able to explain the different steps in accounting cycle

Values
1. Demonstrate the value of prudence, accountability, and responsibility in accounting for the resources and obligations of an
organization.

Number of Hours: 3 hours every week for 18 weeks or 54 hours in a semester

COURSE OUTLINE AND TIMEFRAME
Weeks COURSE CONTENT/SUBJECT MATTER
Week 1-2 Orientation and Introduction to Accounting
Week 3-6 Basic Accounting Concepts and the Financial Statements
Week 7-10 Accounting Equation and Double Entry Bookkeeping System
Week 11 Midterm Exam
Week 12-14 Accounting cycle of a service business and merchandising Company
Week 15-16 Basic accounting concept of Manufacturing Operations/ Accounting for Cash
Week 17 Special Journals and Subsidiary Ledgers
Week 18 Final Exam

LEARNING PLAN
Teaching and Learning
Learning Outcomes activities/ Performance Time Allotment
Program Outcomes Course Content/Topic Assessment Tasks Resources
Instructional Standard (per class)
Delivery/Method
Nos. 1 to 9 •To familiarize the Orientation Messenger/ Facebook N/A Statement of Syllabus; 1.5 Hours
students with the Group/ Google Form expectations from Student Handbook;
vision, mission, goals the subject Reference Books
and objectives of the
university, college and
accountancy
department

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 Teaching and Learning
Learning Outcomes activities/ Performance Time Allotment
Program Outcomes Course Content/Topic Assessment Tasks Resources
Instructional Standard (per class)
Delivery/Method
•To orient the
students with the
class policies
Nos. 1, 2, 3, 4, 6, 7, 8, At the end of the Introduction to Lecture and discussion Quiz; Reference books; 4.5 hours
and 9 topic, the learners are Accounting: Recitation Online materials
expected to:

1. Define business and A. Business defined

enumerate the B. Forms of Business
different forms of Organization
business enterprises C. Business Ownership
and business D. Accounting defined
ownership. E. Accounting and
2. Define Accounting. Bookkeeping
3. Explain why distinguished
accounting is the F. Basic Purpose of
language of business. Accounting
4. State the basic G. Accounting- The
purpose of language of Business
accounting.
5. Know the different
sectors of accounting
practice and the
service provided in
each sector.
Nos. 1, 2, 3, 4, 6, 7, 8, At the end of the Basic Accounting Lecture and discussion Quiz; Reference books; 12 hours
and 9 topic, the learners are Concepts and the Recitation Online materials
expected to: Financial Statements:

1. Explain the A. Basic Accounting

different basic Concepts
accounting concepts.

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 Teaching and Learning
Learning Outcomes activities/ Performance Time Allotment
Program Outcomes Course Content/Topic Assessment Tasks Resources
Instructional Standard (per class)
Delivery/Method
2. Define financial B. The Financial
Statements and list its Statements
basic components. C. Information
3. Identify the users of provided by the
financial statements Financial Statements.
and their information D. Underlying
needs. Assumptions in the
4. Enumerate the Preparation of
different types of Financial Statements
information provided E. Elements of the
by financial Financial Statements
statements. F. Recognition and
5. Explain the Measurement of the
underlying elements of the
assumptions in Financial Statements
preparing financial G. Qualitative
statements. Characteristics of
6. Define the elements Financial
of the financial Statements.
statements.
7. Explain the
recognition principle
for each element.
8. Point out the
qualitative
characteristics of
financial statements.
Nos. 1, 2, 3, 4, 6, 7, 8, At the end of the The Accounting Lecture and discussion Quiz; Reference books; 12 hours
and 9 topic, the learners are Equation and the Recitation Online materials
expected to: Double entry
Bookkeeping System:

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 Teaching and Learning
Learning Outcomes activities/ Performance Time Allotment
Program Outcomes Course Content/Topic Assessment Tasks Resources
Instructional Standard (per class)
Delivery/Method
1. Define business A. Source Documents
transactions and give B. The Basic
common examples. Accounting Equation
2. Expound the basic C. Business
and expanded Transactions and the
accounting equation. Accounting Equation
3. Define the account D. The expanded
and identify its parts. Accounting Equation
4. Analyze and record E. The Account
the effect of F. Common Examples
transactions on the of Elements of
elements of the Financial Statements
financial Statements.
5. Enumerate the
account titles for each
element of the
financial Statements
6. Explain the double
entry Bookkeeping
7. Use T- Accounts in
analyzing and
recording transactions
in determining the
account balances.
Nos. 3, 4, 6, 8, and 9 The learners should be A. Introduction to Written exam Midterm Exam Reference Books; 1.5 hours
able to understand Accounting Online Materials
the lessons from the B. Basic Accounting
previous weeks. Concepts and the
Financial Statements
C. Accounting
Equation and Double

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 Teaching and Learning
Learning Outcomes activities/ Performance Time Allotment
Program Outcomes Course Content/Topic Assessment Tasks Resources
Instructional Standard (per class)
Delivery/Method
Entry Bookkeeping
System
Nos. 1, 2, 3, 4, 6, 7, 8, The learners should be Accounting cycle of a Lecture and discussion Quiz; Reference books; 10.5 hours
and 9 able to: service business and Recitation Online materials
merchandising
1. Enumerate and business:
Explain the different
Steps in the A. Steps in Accounting
Accounting Cycle. Cycle
2. Describe different B. Books of Accounts
books of Accounts C. Journal, Ledger,
used in the Trial Balance
Accounting Cycle D. The need for
3. Analyze Business Adjustments
transactions using the E. Accruals/ Deferrals
Basic Accounting F. Preparation of
Equation Financial Statements
4. Prepare basic G. Mechanics of the
financial statements Periodic Inventory
for Service business System
and for Merchandising H. Mechanics of the
Company. Perpetual Inventory
5. Describe System
merchandising I. Comparison of
activities and identify entries between
business examples. Periodic and Perpetual
6. Explain the nature Inventory System.
of inventories of a J. Completion of
merchandising entity. Accounting Cycle.
7. Describe both
periodic and perpetual
inventory system.

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 Teaching and Learning
Learning Outcomes activities/ Performance Time Allotment
Program Outcomes Course Content/Topic Assessment Tasks Resources
Instructional Standard (per class)
Delivery/Method
8. List the essential
accounting features of
a periodic inventory
system and perpetual
inventory
system.
Nos. 1, 2, 3, 4, 6, 7, 8, The learners should be Basic accounting Lecture and discussion Quiz; Reference books; 6 hours
and 9 able to: concept of Recitation Online materials
Manufacturing
1. Explain the Operations/
difference between a Accounting for Cash:
merchandising
company and a A. Manufacturer’s
manufacturing Balance Sheet and
company. Income Statement
2. Identify the B. Accounting
different stages of Procedures
productions. C. Financial
3. Identify the Statements and
different inventory Worksheets for a
accounts and other Merchandising
terms of Business
Manufacturing D. Nature and
company. Definition of Cash
4. Prepare Financial E. Financial Statement
Statements of a Presentation
manufacturing F. Cash Equivalents
company. G. Petty Cash Funds-
5. Appreciate the Imprest System
business concerns H. Bank Reconciliation
over cash

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 Teaching and Learning
Learning Outcomes activities/ Performance Time Allotment
Program Outcomes Course Content/Topic Assessment Tasks Resources
Instructional Standard (per class)
Delivery/Method
6. Define cash and
cash equivalents
7. Give examples of
cash
8. Account for petty
cash using imprest
fund basis
9. Perform
reconciliations of the
cash per bank and the
cash per books.
Nos. 1, 2, 3, 4, 6, 7, 8, The learners should be Special Journals and Lecture and discussion Quiz; Reference books; 4.5 hours
and 9 able to: Subsidiary Ledgers: Recitation Online materials

1. Explain the goals A. Subsidiary ledgers

and uses of special B. Special Journal
journals. C. Purchase journal,
2. Describe the nature Sales Journal, Cash
and purpose of Receipt Journal, Cash
subsidiary ledgers. Disbursement Journal
3. Journalize and post D. General Journal
transactions using
special journals
Nos. 3, 4, 6, 8, and 9 The learners should be A. Accounting cycle of Written exam Final Exam Reference Books; 1.5 hours
able to understand a service business and Online Materials
the lessons from the merchandising
previous weeks. business
B. Basic accounting
concept of
Manufacturing
Operations/
Accounting for Cash

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 Teaching and Learning
Learning Outcomes activities/ Performance Time Allotment
Program Outcomes Course Content/Topic Assessment Tasks Resources
Instructional Standard (per class)
Delivery/Method
C. Special Journals and
Subsidiary Ledgers
References A. Book
Ballada, Win (2021). Basic Financial Accounting and Reporting Made Easy
Garcia, E. J., James, G. R., Beticon, J. L., Ireneo, S. C. (2013). Fundamentals of Accounting Vol. 1.
B. Periodicals/Journals
None
C. Website
https://www.youtube.com/@FilipinoAccountingTutorial
D. Culminating Activities
None

Required Readings and Other Materials

 Refer to references above.

Suggested Readings

 Refer to references above.

Website/Videos/Film Clips

 Refer to references above.

Class materials

 None

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Course Requirements Classroom Policies

a. Any student who decides to drop the course (within the allowable period) should submit a copy of the dropping slip to the
teacher, to be given an official grade of DROPPED. Otherwise, the student receives a grade of 5.0.
b. Anyone caught cheating (in any form) will automatically get a failing grade.
c. All written reports and assignments should be submitted on the scheduled date. Late submissions will not be allowed,
unless reasonable.
d. The faculty-in-charge should be notified in case the student will not be able to take any quizzes and major exams. Upon
failure to do so, the student will be given a score of zero for the missed exam, unless an excuse letter and supporting
evidence of the absence are supplied.
e. Quizzes will be pen and paper type or done online, whichever is applicable. Major exams will be done in a pen and paper
type.
f. You can access your class materials through Group Chats and Google Classroom intended for this subject. Moreover, let us
observe appropriate schedules that you can consult your professor. I will be available for consultation regarding your
course material/activities during the class schedule as stated in your COR, and during the professor’s consultation hours.
g. Recorded discussion is strictly confidential and should not be reproduced and shared to another person.
h. It is not acceptable to just copy answers from the internet for activities and assignments. It's important to give your own
explanation. To avoid plagiarism, if you want to combine material from the internet, your output should include a citation
that supports your answer. (i.e. websites, Articles, ebooks)
Grading System Professor: Marvin Jim C. Cabudsan, CPA Consultation Hours:
Major Exams – 50% Saturday, 1-5PM (Through Messenger)
Quizzes and Recitation – 30% Email Address: [email protected]
Assignment and Other Tasks – 15%
Attendance – 5% Contact Number: 09178979828
Total – 100%
RUBRICS

PREPARED BY: CHECKED BY: APPROVED BY:

MARVIN JIM C. CABUDSAN, CPA HYACINTH INDIRA D. HIPE, CPA, MBA TIA MARE L. EBDANE, PhD
Special Lecturer Department Chair Dean
Date: Date: Date:

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