DOCUMENT: SYLLABUS

COURSE: INTEGRATED ACCOUNTING FUNDAMENTALS COPIES ISSUED TO:

College of Business and Accountancy
DATE OF EFFECTIVITY: 17 AUGUST 2020 COURSE CODE: BAINTE1X Learning Resource Center
Faculty

VISION CORE VALUES

We are National University, a dynamic private institution committed to nation building, 1. Integrity 2. Compassion 3. Innovation 4. Industry 5. Respect 6. Resilience 7. Patriotism
recognized internationally in teaching and research.
GRADUATE ATTRIBUTES INTENDED FOR
INSTITUTIONAL LEARNING OUTCOMES (ILOs)
MISSION NATIONALIANS (GAINs)
Guided by the core values and characterized by our cultural heritage of Dynamic Filipinism, a. Exhibit the capacity for self-reflection
National University is committed to providing relevant, innovative, and accessible quality 1. Conscientious and Reflective Leader b. Exhibit the willingness to engage in self-appraisal
education and other development programs. c. Apply moral and ethical standards in leading others
We are committed to our: 2. ICT Literate and Competent d. Express ideas effectively
Communicator e. Effectively use various ICT tools to convey ideas
STUDENTS, by molding them into ethical, spiritual and responsible citizens.
3. Socially and Community-engaged Citizen f. Participate actively in community-oriented advocacies that
FACULTY and EMPLOYEES, by enhancing their competencies, cultivating their Imbued with the Spirit of Patriotism contribute to nation building
commitment and providing a just and fulfilling work environment. g. Produce alternative solutions, processes, and approaches
ALUMNI, by instilling in them a sense of pride, commitment, and loyalty to their alma mater. h. Apply problem-solving skills
4. Innovative, Creative, and Critical Thinker
INDUSTRY PARTNERS and EMPLOYERS, by providing them Nationalians who will i. Provide solutions to challenges in respective areas of
contribute to their growth and development. specialization
5. Interculturally Competent Collaborator j. Work effectively in teams of different cultures
COMMUNITY, by contributing to the improvement of life’s conditions.
6. Life- and career-skilled Individual k. Engage in continuing personal and professional development

Program Learning Outcomes (PLO) for Bachelor of Science in Accountancy, Bachelor of Science in ILO
Accounting Information System, Bachelor of Science in Management Accounting a b c d e f g h i j k
1. Student will be able to demonstrate competencies in the development, measurement, analysis, validation and
✓ ✓ ✓ ✓ ✓ ✓ ✓
communication of financial and other information.
2. Student will develop oral and written communication skills and critical thinking skills. ✓ ✓ ✓ ✓ ✓ ✓
3. Student will develop an appreciation for the role of ethics in both the profession and the business world. ✓ ✓ ✓ ✓
4. Student will exposed to the unique aspects of global business and accounting issues. ✓ ✓ ✓ ✓ ✓ ✓ ✓
5. Student will equipped to understand the use technology. ✓ ✓ ✓ ✓ ✓ ✓
6. Student will exposed to activities that help them work in groups. ✓ ✓ ✓ ✓ ✓ ✓ ✓

COURSE CODE/NAME: BBINTEG1 / Integrated Accounting Fundamentals eff: August 2020 Prepared by: Ma. Cecilia Emilia Lambino (malambino@national-u.edu.ph)
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COURSE DESCRIPTION

This is a 6-units introductory course in accounting that will develop learner’s appreciation of Accounting as the “Language of Business” and provide knowledge about the basic
accounting principles and concepts that will help them in analyzing, recording and summarizing business transactions and events.

Learners will also obtain an understanding of the nature, business transactions, financial statements and peculiar accounting problems of different types of business operations
like service, merchandising and manufacturing businesses. It also covers the following: special journals and payroll accounting.

PRE-REQUISITE(S)
NONE
COURSE LEARNING OUTCOMES (CLO)
PLO (BSA,BSAIS,BSMA)
At the end of the course, the student must be able to (CLO): 1 2 3 4 5 6 7 8 9 10 11
1. Recognize, measure, and present financial assets and financial liabilities in accordance with applicable PFRS  ✓
2. Describe the principles and standards underlying the recognition, measurement, presentation, and disclosure
✓  
requirements of the assets in statement of financial position.
3. Employ technology as a business tool in capturing financial and non – financial information, preparing reports and
 
making decisions.
4. Apply acquired knowledge and skills to pass professional licensure / certification examinations.  

CREDIT
6 Units
TIME ALLOTMENT
8 hours lecture per week
COURSE REQUIREMENTS
QUIZZES (40%) CLASS STANDING (10%) PERIODIC DEPARTMENTAL EXAMINATIONS (50%)
- Minimum of 4 major quizzes per grading period
Midterms: Finals: 1. Assignment - Midterm Departmental Examination
Quiz No. 1 Quiz No. 4 2. Other online learning activities - Final Departmental Examination
Quiz No. 2 Quiz No. 5
Quiz No. 3 Quiz No. 6

CLASS POLICIES
1. Students are required to wear the prescribed uniform inside the school premises from Mondays through Fridays except Wednesdays, Saturdays and Sundays are
washdays wherein students must wear dresses allowed and/or specifically instructed by the College Dean.
2. Students are required to always wear their school ID and assigned school ID lace inside the school premises.
3. Students must attend at least 80% of the total credit hours of the subject to be considered enrolled
4. Cellular phones and other electronic communication devices are to be switched off or kept in silent mode during the class hours.

COURSE CODE/NAME: BBINTEG1 / Integrated Accounting Fundamentals eff: August 2020 Prepared by: Ma. Cecilia Emilia Lambino (malambino@national-u.edu.ph)
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 5. A student who fails to take any of the two major examinations may apply for a special examination upon establishing to the satisfaction of the College Dean, through
supporting documents an incapacitating physical or mental condition, the death or serious illness of an immediate family member, or other exigencies.
6. Cheating in any form before or during an examination, test or written reports is prohibited.

GRADING SYSTEM
MIDTERM GRADE COMPUTATION: TENTATIVE FINAL GRADE COMPUTATION: FINAL GRADE:
Quizzes 40% Quizzes 40%
Class standing Class standing Midterm Grade = 40%
Learning Activities 10% Learning Activities 10% Tentative Finals Grade = 60%
Periodic Examination 50% Periodic examination 50% Final Grade = 100%
Midterm Grade 100% Tentative Final Grade 100%

COURSE CONTENTS

COURSE TOPIC
WEEK LEARNING LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES OUTCOMES
At the end of the session, the
learners will be able to:
1. Oriented to the school
policies and the course.
2. Explain institutional
philosophies, values • Syllabus
Goal Setting and Proper Planning • Online Discussion
and policies, examine • University Manual and
- University and College
1 the goal setting created Handbook
vision and mission
in the light of
- Classroom policies
undertakings in this
- Goal setting and course
course, and apply the
planning
institutional values in the
life–long pursuit of the
professional career.

At the end of the session, the Formative

learners will be able to: Topic 1: The Basic Accounting Assessment:
1. Explain the importance Environment and Accounting
• Textbook/eBook • Pretest
of accounting to Framework
• Online lecture/pre-recorded • PowerPoint • Pre-activity
business. 1. Definition of accounting
CLO1 lecture • Communication Device • Assignment
1 2. Identify the activities 2. Users of accounting
CLO2 • Supplemental Readings • Additional Hand – out
and users associated information
with accounting and 3. Forms of business • Problem solving Materials
explain why they need organizations
accounting information. 4. Types of business operation Summative
3. Define business. 5. Financial Statements Assessment:

COURSE CODE/NAME: BBINTEG1 / Integrated Accounting Fundamentals eff: August 2020 Prepared by: Ma. Cecilia Emilia Lambino (malambino@national-u.edu.ph)
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 COURSE TOPIC
WEEK LEARNING LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES OUTCOMES
4. Describe the forms of 6. Today’s accounting • Online Quiz &
business organizations landscape in the Midterm Examination
and types of operations. international and Philippine
5. Identify the financial setting
reports and the financial 7. Branches of accounting
information contained 8. Regulatory bodies in the
therein. Philippines
9. International accounting
standards
10. Accounting Framework
11. Fundamental concepts and
principles of accounting
12. Underlying assumption and
other recognized accounting
assumptions

At the end of the session, the Topic 2: Analyzing Transactions

learners will be able to: 1. Qualitative characteristics of • Online lecture/pre-recorded • Textbook/eBook Formative
1. Enumerate and explain financial information lecture • PowerPoint Assessment:
the qualitative 2. The accounting equation • Supplemental Readings • Communication Device • Assignment
characteristics that 3. Elements of financial • Problem solving • Additional Hand – out
financial information statements Materials
should possess. 4. Accrual concept of
2. State the accounting recognizing revenues and Summative
equation and define its expenses Assessment:
components. 5. Transaction Analysis • Online Quiz &
3. Enumerate and explain 6. Classification of assets and Midterm Examination
the accounting principle liabilities
underlying the 7. The accounting period
2-3 CLO2
recognition and 8. Operating cycle
measurement of
transactions, accounting
elements and statement
of financial position.
4. Explain the two more
basic principles used in
preparing an income
statement.
5. Analyze the effects of
business transactions
on the accounting
equation.

COURSE CODE/NAME: BBINTEG1 / Integrated Accounting Fundamentals eff: August 2020 Prepared by: Ma. Cecilia Emilia Lambino (malambino@national-u.edu.ph)
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 COURSE TOPIC
WEEK LEARNING LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES OUTCOMES
6. Present the financial
statements.
7. Appreciate the
interrelationship among
the financial statements.

At the end of the session, the Topic 3: Accounting for Service

learners will be able to: business • Online lecture/pre-recorded • Textbook/eBook Formative
1. Explain the accounting 1. Accounting cycle lecture • PowerPoint Assessment:
cycle. 2. Source documents • Supplemental Readings • Communication Device • Assignment
2. Describe the documents 3. The chart of accounts Problem solving • Additional Hand – out
supporting business 4. The T-account Materials
transactions. 5. General Journal and •
3. Define the commonly journalizing Summative
used accounting terms. 6. General Ledger and posting Assessment:
4. State the rules of debit 7. Subsidiary ledgers and • Online Quiz &
4 CLO2 and credit. control accounts Midterm Examination
5. Analyze transactions in 8. Trial balance
T-accounts using debit
and credit.
6. Make journal entries.
7. Post from the journal to
the subsidiary and
general ledgers.
8. Prepare a trial balance
and explain its use.

At the end of the session, the Topic 4: Adjusting Entries and

learners will be able to: Worksheet Preparation • Online lecture/pre-recorded • Textbook/eBook Formative
1. Explain the purpose of 1. Time period assumption and lecture • PowerPoint Assessment:
adjusting entries. timing issues • Supplemental Readings • Communication Device • Assignment
2. Explain and apply the 2. Adjusting entries • Problem solving • Additional Hand – out
accrual principle to 3. Revenue and expense Materials
adjusting entries. recognition principle •
3. Analyze and prepare 4. Deferrals and accruals Summative
5-6 CLO2 adjusting entries for 5. Uncollectible accounts Assessment:
accrued revenue and 6. Depreciation • Online Quiz &
deferred revenue, 7. Effects of omitting Midterm Examination
accrued expense and adjustments
prepaid expense, bad 8. Nature of worksheet
debt and depreciation. 9. Preparation and completion
4. Prepare a working of a worksheet
paper to catch all 10. Journalizing and posting
adjusting entries

COURSE CODE/NAME: BBINTEG1 / Integrated Accounting Fundamentals eff: August 2020 Prepared by: Ma. Cecilia Emilia Lambino (malambino@national-u.edu.ph)
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 COURSE TOPIC
WEEK LEARNING LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES OUTCOMES
adjustments to be 11. Adjusted trial balance
made.
5. Record and post the
adjusting entries and
prepare an adjusted trial
balance.
At the end of the session, the Topic 5: Financial statement
learners will be able to: presentation, closing entries, • Online lecture/pre-recorded • Textbook/eBook Formative
1. Prepare properly reversing entries lecture • PowerPoint Assessment:
classified financial 1. Essence of financial • Supplemental Readings • Communication Device • Assignment
statements. statements • Problem solving • Additional Hand – out
2. Prepare closing entries 2. Complete set of financial Materials
and ready the accounts statements •
for the next reporting 3. Relationships among the Summative
period. financial statements Assessment:
7
CLO2 3. Prepare post-closing 4. Current and non-current • Online Quiz &
CLO3 trial balance to confirm classification Midterm Examination
the equality of debits 5. Disclosures and notes to
and credits of real financial statements
accounts. 6. Journalizing and posting
4. Prepare reversing closing entries
entries to simplify 7. Post–closing trial balance
accounting process for 8. Reversing entries
the next accounting
period.

8 MIDTERM EXAMINATION

At the end of the session, the Topic 6: Accounting for

learners will be able to: Merchandising Business • Online lecture/pre-recorded • Textbook/eBook Formative
1. Show the differences in 1. Comparison of service lecture • PowerPoint Assessment:
the operating business with merchandising • Supplemental Readings • Communication Device • Assignment
transactions of a business Problem solving • Additional Hand – out
merchandiser against a 2. Operating cycle of Materials
CLO2 service provider. merchandising operations
9
CLO3 2. Describe the inventory 3. Source documents Summative
system using periodic 4. Steps in a purchase Assessment:
method and perpetual transaction • Online Quiz & Final
method. 5. Terms of transactions Examination
3. Account for sales and 6. Periodic Inventory system
compute for net cost of 7. Sales Revenue
purchases. 8. Sales discounts

COURSE CODE/NAME: BBINTEG1 / Integrated Accounting Fundamentals eff: August 2020 Prepared by: Ma. Cecilia Emilia Lambino (malambino@national-u.edu.ph)
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 COURSE TOPIC
WEEK LEARNING LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES OUTCOMES
4. Determine the cost of 9. Sales Returns and
sales, gross income and allowances
operating income. 10. Credit card sales
5. Prepare the 11. Net sales
merchandiser’s financial 12. Gross purchases
statements in 13. Freight-in
accordance with 14. Freight-out
Philippine Financial 15. Purchase returns and
Reporting Standards. allowances
6. Adjust the books of a 16. Purchase discounts
merchandiser. 17. Net cost of purchases
7. Prepare financial 18. Cost of sales
statements. 19. Operating expenses and
8. Close the books and non-operating expenses
prepare a post-closing 20. Adjusting entries and
trial balance. adjusted trial balance
9. Make reversing entries. 21. Worksheet preparation
22. Financial statements
preparation
23. Multi-step form of income
statement and function of
expense form of income
statement
24. Closing entries and Post–
closing trial balance

• Online lecture/pre-recorded • Textbook/eBook Formative

lecture • PowerPoint Assessment:
Topic 7: Merchandising Special • Supplemental Readings • Communication Device • Assignment
Topics Problem solving • Additional Hand – out
Materials
1. Accounting for Value added
Tax (VAT) Summative
10
- Input tax Assessment:
- Output tax • Online Quiz & Final
- Vat payable/creditable Examination

2. Special Journals
- Sales Journal
- Purchases Journal

COURSE CODE/NAME: BBINTEG1 / Integrated Accounting Fundamentals eff: August 2020 Prepared by: Ma. Cecilia Emilia Lambino (malambino@national-u.edu.ph)
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 COURSE TOPIC
WEEK LEARNING LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES OUTCOMES
- Cash Receipts
Journal
- Cash
Disbursements
Journal

3. Subsidiary Ledgers
- Accounts
Receivable
- Accounts Payable

» Prepare basic journal Topic 8: Accounting for • Online lecture/pre-recorded • Textbook/eBook Formative
CLO1 entries for manufacturing Manufacturing Business lecture • PowerPoint Assessment:
CLO2 operations. • Supplemental Readings • Communication Device • Assignment
» Prepare income statement 1. Operating cycle for Problem solving • Additional Hand – out
CLO4 of a manufacturing business manufacturing entities Materials
including statement of cost 2. Income statement for
of goods manufactured. manufacturing entities Summative
3. Recording transactions Assessment:
for manufacturing • Online Quiz & Final
11 business Examination
- Purchase and
issuance of raw
material
- Incurrence of direct
labor
- Incurrence of factory
overhead
- Other expenses

COURSE CODE/NAME: BBINTEG1 / Integrated Accounting Fundamentals eff: August 2020 Prepared by: Ma. Cecilia Emilia Lambino (malambino@national-u.edu.ph)
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 COURSE TOPIC
WEEK LEARNING LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES OUTCOMES
» Prepare payroll summary Topic 9: Payroll Accounting
including determination of • Online lecture/pre-recorded • Textbook/eBook Formative
proper deductions to 1. Payroll terminologies lecture • PowerPoint Assessment:
employees. 2. Employees’ share • Supplemental Readings • Communication Device • Assignment
» Prepare journal entries in - SSS, Philhealth and Problem solving • Additional Hand – out
relation to payroll cycle Pag-ibig Materials
contributions
- Withholding tax Summative
deductions Assessment:
- Preparation of • Online Quiz & Final
payroll summary Examination
- Journal entries
CLO1
3. Employer’s share
12
CLO2 - SSS, EC, Philhealth,
CLO4 and Pag-ibig
contributions
- Payroll summary and
journal entries
4. Remittance of
government
contributions
- Forms to be used
and procedures
- Journal entries

14 FINAL EXAMINATION

PRESCRIBED TEXTBOOK
1. Cruz-Manuel, Z. (2017). 21st Century Accounting Process, Basic Concepts and Procedures. Manila: GIC Enterprises and Co., Inc.

RECOMMENDED RESOURCES
1. Ballada, Win & Susan. (2014). Fundamentals of Accounting. Manila: Domdane Publishers.
2. Abeleda, Nelson. (2014). Simplified Accounting for Sole Proprietorship. Manila: Nelson Publishing.
3. Anthony, R. (2014). Accounting: Text and Cases. Quezon City: C & E Publishing, Inc.
4. Cabrera, M. E. (2014). Fundamentals of Accounting Volume 1. Manila: GIC Enterprises & Co, Inc.
5. Ong, F. (2014). Fundamentals of Accounting. Quezon City: C & E Publishing, Inc.
6. Rante, G. (2014). Fundamentals of Accounting. Mandaluyong City: Millenium Books, Inc.
7. Valencia, E. (2014) Basic Accounting: Concepts, Principles, Procedures and Applications. Mandaluyong City: Millenium Books, Inc.
COURSE CODE/NAME: BBINTEG1 / Integrated Accounting Fundamentals eff: August 2020 Prepared by: Ma. Cecilia Emilia Lambino (malambino@national-u.edu.ph)
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 8. Weygandt, (2015) Principles of Accounting, Philippine Reprint Edition, Wiley Custom Edition, 3rd Edition
9. Cabrera, Ma. Elenita Balatbat (2015), Fundamentals of Accounting Volume 1

RUBRICS

RUBRIC FOR PORTFOLIO

CRITERIA EXCELLENT VERY SATISFACTORY SATISFACTORY UNSATISFACTORY
5 points 4 points 3 points 1 points
ORGANIZATION The portfolio is extremely well The portfolio is well organized The portfolio is fairly well The portfolio shows some attempt at
organized in chronological and in chronological and logical organized in chronological and organization. A reader has a hard time
logical order. A reader can order. A reader has little logical order. A reader has in finding things.
easily find things. difficulty in finding things. minimum difficulty in finding
things.
NEATNESS All of the documents in the More than half of the Half of the documents in the Less than half of the documents in the
portfolio are clean and not documents in the portfolio are portfolio are clean and not portfolio are clean and not crumpled.
crumpled. clean and not crumpled. crumpled.
COMPLETENESS The portfolio contains all of the The portfolio contains up to The portfolio contains 75% up The portfolio contains less than 75%
required documents. 90% of the required to 89% of the required of the required documents.
documents. documents.
CREATIVITY The portfolio is extremely well- The portfolio is well-designed The portfolio is fairly designed The portfolio is poorly designed.
designed and attractive. and attractive. and attractive.

PREPARED BY: REVIEWED BY: NOTED BY: APPROVED BY:

MA. CECILIA EMILIA A. LAMBINO, CPA, MBA JANUS ARIES SIMBILLO, CPA, MBA JEOJILYN G. NABOR, MLIS, RL MARIA LOUELLA STA. MARIA, MBA
Faculty, College of Business and Accountancy Chair, Accountancy - CBA LRC Director Officer-In-Charge, CBA

COURSE CODE/NAME: BBINTEG1 / Integrated Accounting Fundamentals eff: August 2020 Prepared by: Ma. Cecilia Emilia Lambino (malambino@national-u.edu.ph)
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