BUDGET OF LESSONS

FUNDAMENTALS OF ABM 1
(ACCOUNTING PRINCIPLES)
S.Y. 2019 - 2020
First Quarter

Subject Matter Skills & Competencies Code No. of Remarks Signature of the
Days School Head
1. Introduction to Accounting The learners …

1. define accounting GAS_FABM12-Ia-1

2. describe the nature of accounting GAS_FABM12-Ia-2 4
3. explain the functions of accounting in business GAS_FABM12-Ia-3
4. narrate the history/origin of accounting GAS_FABM12-Ia-4
2. Branches of Accounting 1. differentiate the branches of accounting GAS_FABM12-Ia-5
2. explain the kind/type of services rendered in each of GAS_FABM12-Ia-6 2
these branches
3. Users of Accounting Information 1. define external users and gives examples GAS_FABM12-Ia-7
2. define internal users and give examples GAS_FABM12-Ia-8
3. identify the type of decisions made by each group of GAS_FABM12-Ia-9 4
users
4. describe the type of information needed by each group GAS_FABM12-Ia-10
of users
4. Forms of Business Organizations 1. differentiate the forms of business organization in terms GAS_FABM12-Ib-11
of nature of ownership 2
2. identify the advantages and disadvantages of each form GAS_FABM12-Ib-12
5. Types of Business According to Activities 1. compare and contrast the types of business according to GAS_FABM12-Ib-13
activities
2. identify the advantages, disadvantages, and business GAS_FABM12-Ib-14 2
requirements of each type
6. Accounting Concepts and Principles 1. explain the varied accounting concepts and principles GAS_FABM12- Ib-c-15
2. solve exercises on accounting principles as applied in GAS_FABM12- Ib-c-16 2
various cases
7. The Accounting Equation 1. illustrate the accounting equation GAS_FABM12- Ib-c-17
2. perform operations involving simple cases with the use GAS_FABM12- Ib-c-18 2
of accounting equation
8. Types of Major Account 1. discuss the five major accounts GAS_FABM12- Id-e-19
2. cite examples of each type of account GAS_FABM12- Id-e-20 3
3. prepare a Chart of Accounts GAS_FABM12- Id-e-21
9. Books of Accounts 1. identify the uses of the two books of accounts GAS_FABM12- If-22
2. illustrate the format of a general and special GAS_FABM12- If-23
journals 3
3. illustrate the format of a general and subsidiary GAS_FABM12- If-24
ledger
10. Business Transactions and Their Analysis As 1. describe the nature and gives examples of business GAS_FABM12- Ig-j-25
Applied to the Accounting Cycle of a Service transactions
Business a. Rules of Debits and Credits 2. identify the different types of business documents GAS_FABM12- Ig-j-26 4
b. Journalizing 3. analyze common business transactions using the rules of GAS_FABM12- Ig-j-27
c. Posting debit and credit GAS_FABM12- Ig-j-28
d. Preparation of a Trial Balance 4. solve simple problems and exercises in the analyses of
business transaction
11. Business Transactions and Their Analysis As 1. describes the nature of transactions in a service business GAS_FABM12- IIa-d-29
Applied to the Accounting Cycle of a Service 2. records transactions of a service business in the general GAS_FABM12- IIa-d-30
Business a. Adjusting Entries journal
b. Adjusted Trial Balance 3. posts transactions in the ledger GAS_FABM12- IIa-d-31 6
c. Preparation of Basic Financial Statements 4. prepares a trial balance GAS_FABM12- IIa-d-32
(Income Statement) 5. prepares adjusting entries GAS_FABM12- IIa-d-33
6. complete the accounting cycle GAS_FABM12- IIa-d-34
12. Accounting Cycle of a Merchandising Business 1. describes the nature of transactions in a merchandising GAS_FABM12- IIe-j-35
business
2. records transactions of a merchandising business in the GAS_FABM12- IIe-j-36
general and special journals
3. post transactions in the general and subsidiary ledgers GAS_FABM12- IIe-j-37
4. prepares a trial balance GAS_FABM12- IIe-j-38 7
5. prepares adjusting entries GAS_FABM12- IIe-j-39
6. completes the accounting cycles of a merchandising GAS_FABM12- IIe-j-40
business
7. prepares the statement of Cost of Goods Sold and Gross GAS_FABM12- IIe-j-41
Profit.
TOTAL 41