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Bow Fabm2

The document outlines the most essential learning competencies (MELC) taught each quarter for financial accounting. In quarter 1, topics include preparing financial statements like statements of financial position (SFP), statements of comprehensive income (SCI), and cash flow statements (CFS). Ratios and analyses of financial statements are also covered. Banking topics such as accounts, slips, checks and statements are addressed. In quarter 2, subjects involve bank reconciliation statements and income tax computation, principles, and procedures.

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mary ann
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466 views1 page

Bow Fabm2

The document outlines the most essential learning competencies (MELC) taught each quarter for financial accounting. In quarter 1, topics include preparing financial statements like statements of financial position (SFP), statements of comprehensive income (SCI), and cash flow statements (CFS). Ratios and analyses of financial statements are also covered. Banking topics such as accounts, slips, checks and statements are addressed. In quarter 2, subjects involve bank reconciliation statements and income tax computation, principles, and procedures.

Uploaded by

mary ann
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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No.

Of Days
Quarter Most Essential Learning Competencies (MELC) Taught
Quarter 1
identify the elements of the SFP and describe each of
them 1

prepare an SFP using the report form and the account


form with proper classification of items as current and
noncurrent 3

identify the elements of the SCI and describe each of


these items for a service business and a merchandising
business 2
prepare an SCI for a service business using the single-
step approach 2
prepare an SCI for a merchandising business using the
multistep approach 4
prepare an SCE for a single proprietorship 4
discuss the components and structures of a CFS 1
prepare a CFS 3
define the measurement levels, namely, liquidity,
solvency, stability, and profitability 1
perform vertical and horizontal analyses of financial
statements of a single proprietorship 3
compute and interpret financial ratios such as current
ratio, working capital, gross profit ratio, net profit ratio,
receivable turnover, inventory turnover, debt-to-equity
ratio, and the like 4
identify the types of bank accounts normally
maintained by a business 2
prepare bank deposit and withdrawal slips 2
identify and prepare checks 2
identify and understand the contents of a bank
statement 2
Quarter 2

describe the nature of a bank reconciliation statement 2

analyze the effects of the identified reconciling items 3


prepare a bank reconciliation statement 3
define income and business taxation and its principles
and processes 4
explain the procedure in the computation of gross
taxable income and tax due 4
explain the principles and purposes of taxation 4

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