Академический Документы
Профессиональный Документы
Культура Документы
IV. COURSE DESCRIPTION: This is a continuation of the first course in Accounting initially it will a review of the accounting process and principles
in order to reinforce knowledge competence and skills. The main part covers transactions, accounting problems and financial statements
peculiar to the partnership and corporate form of business using the merchandising business as framework. It will include the preparation of
simple statement of changes in partnership capital and statement of changes in retained earnings. The voucher system is also introduced in
this course. The course exposes the students to computerized accounting system for simple merchandizing business.
V. COURSE OBJECTIVES : At the end of the course, the students are expected to
1. Have knowledge on the nature of partnership and corporations, how they are organized and their advantages and disadvantages as forms
of business org.
2. Be able to use correctly the technical terms associated with accounting for partnership, corporation and manufacturing concerns.
3. Understand and be able to account for the formation of a partnership, the distribution of net income or loss, the admission of a new partners
and the dissolution or liquidation of a partnership in accordance with the legal requirements and Generally Accepted Accounting Principles.
4. Understand and be able to account for typical corporate transactions including authorization, sale and subscriptions of stock, treasury stock,
dividends and retained earnings, in accordance with legal requirements and generally accepted accounting principles.
Week TOPIC/CONTENT
1 Review of the Basic Accounting Procedures
2 Preparation of worksheet and the Financial Statements
3 Closing entries
4 Partnership Formation –Legal aspects
5 Partnership Formation-Accounting for Partnership Transactions
6 Term Assessment (Prelim Exam)
7 Partnership Operations-Concepts & Various Accounts
8 Dividing Profits & Losses-Equally, Arbitrary Ratio
9 Dividing Profits & Losses- Capital Ratio (Beginning, Ending, Average,)
10 Dividing Profits & Losses-Allowing interest on Capital/Salaries to partners
11 Partnership Dissolution
12 Term Assessment (Midterm Exam)
13 Partnership Liquidation
14 Corporation-Nature and Formation/Accounting for Manufacturing Concern
15 Accounting for Capital Stock Transactions
16 Retained Earnings & Dividends
17 Corporate Financial Statements
18 Term Assessment (Final Exam)
IX. REFERENCES:
BOOKS:
Partnership and Corporation Accounting, Win Ballada, 2016 Philippine Copyright, Dynasty BookSource Asia
Accounting for: Partnership and Corporation, Lopez,2014-2015,MS Lopez Printing & Publishing
Partnership and Corporation Accounting, Win Ballada, 2015 Philippine Copyright, Dynasty BookSource Asia
Basic Accounting,Made Easy, Ballada,2015,Dynasty BookSource Asia
Basic Accounting for HRM Operations, Lopez,2014-2015,MS Lopez Printing & Publishing
Business Finance , Roberto G. Medina, CM. Recto Manila, Philippines, Rex Bok Store 2007
Financial Management, Elenita B. Cabrera, Conanan Bookstore, 2013
Financial Institutions, Markets, and Money, David S.Kidwell, David W. Blackwell, David A. Whidbee, Richard W. Sias,
Copyright 2013 by John Wiley & Sons, Singapore PTE. LTD.
INTERNET SOURCES
Bible Verses about Stock Investment: :http://www.openbible.info/topics/stock_investment
Bible Verses About Business http://www.kingjamesbibleonline.org/
http://www.feasibilitystudyexpert.com/Feasibility Study 20Samples.html