BM1705

Course Syllabus
STI VISION: STI INSTITUTIONAL OUTCOMES:
To be the leader in innovative and relevant education that nurtures
individuals to become competent and responsible members of Character (IO1): An STIer is a person of character. An STIer takes responsibility for his/her actions, treats people with
society respect, and lives with integrity.

STI MISSION: Critical thinker (IO2): An STIer is a critical thinker. An STIer challenges and analyses all information through sound
We are an institution committed to provide knowledge through the questioning and is unafraid to push for creative ideas.
development and delivery of superior learning systems.
Communicator (IO3): An STIer communicates to understand and be understood. An STIer discerns the value of
We strive to provide optimum value to all our stakeholders - our information read or heard and effectively expresses his/her own emotions when sharing information, may it be
students, our faculty members, our employees, our partners, our spoken or written.
shareholders, and our community.
Change-adept (IO4): An STIer is change-adept. An STIer can adjust, adapt, and reinvent continuously to changing
We will pursue this mission with utmost integrity, dedication, circumstances. An STIer believes in letting go of the old and embracing the new to achieve his/her fullest potential.
transparency, and creativity.
SERIAL NUMBER: BM1705 COURSE TITLE: BASIC ACCOUNTING CREDIT: 6 units (6 hours lecture per week)
COURSE DESCRIPTION: The course aims to give students a thorough background in the basic accounting procedures used to operate a business. This includes accounting
concepts, principles, and procedures needed in bookkeeping and reporting financial information of a sole proprietorship, partnership, and
corporations engaged in service and/or merchandising operations. The course adopts a decision-maker perspective of accounting by
emphasizing the relation between accounting data and the underlying economic events that generated them.
PREREQUISITE: None
COURSE OUTCOMES: After successful completion of this course, the student should be able to:
CO1. Apply accounting concepts, principles, and procedures needed in bookkeeping, reporting financial information, and decision making of
a sole proprietorship, partnership, and corporation engaged in service and/or merchandising operations; (BAPO1-PI1, PI7; AIPO1-PI1,
PI6; MAPO1-PI1, PI6)
MANDATED BOOK: None

PREPARED BY: VERIFIED BY: APPROVED BY:

Mark Lyndon C. de Ramos Kristine E. Lu, M.Ed EL Maria Isabel Q. Hipolito, M.Ed EL
 BM1705

REFERENCES: 1. Horngen, C. T., Datar, S. M., & Rajan, M. (2015). Cost accounting; A managerial emphasis. New Jersey, New Jersey, United States of
America: Pearson Prentice Hall.
2. Needles, B. E., Powers, M., & Crosson, S. V. (2014). Principles of accounting. The United States of America: Cengage Learning.
3. NIAT. (2008). Manual for Certified Accounting Technician Level 1. Pasig: National Institute of Accounting Technicians of the Philippines, .
4. Rante, G. A. (2013). Fundamentals of accounting (Accounting for Service, Merchandising and Manufacturing Entities). Mandaluyong:
Millenium Books, Inc.
5. Reyes, V. D. (2016). The fundamentals in accounting. Manila: GIC Enterprises & Co., Inc.
6. Robles, N., & Empleo, P. (2014). Intermediate accounting volume two. Mandaluyong City: Millennium Books, Inc.
7. Weygandt, J. J., Keiso, D. D., & Kimmel, P. D. (2015). Financial accounting. United States of America, United States of America: John Wiley
& Sons, Inc.
8. Weygandt, J. J., Kimmel, P. D., & Kieso, D. E. (2015). Accounting principles (Twelfth Edition). The United States of America: John Wiley &
Sons, Inc.
9. Weygandt, J. J., Warfield, & Warfield, T. D. (2016). Intermediate asccountng, 16e. United States of America: John Wiley & Sons, Inc.
COURSE REQUIREMENTS: • Lecture Discussion
• Major Examinations
• Quizzes
• Assignments
• Task Performance
GRADING SYSTEM:
The following percentage distribution shall be followed:
Prelims 20%
Midterms 20%
Pre-finals 20%
Finals 40%
100%

The following are the recommended periodical grade components for this course:

Class Participation (Recitation, Quiz, etc.) 20%

Task Performance (Task Performance, eLMS, Skills Checklist) 50%
Major Examination 30%
100%
We’d be glad to hear from you. For questions or feedback on this course, feel free to email us through student.feedback@sti.edu

PREPARED BY: VERIFIED BY: APPROVED BY:

Mark Lyndon C. de Ramos Kristine E. Lu, M.Ed EL Maria Isabel Q. Hipolito, M.Ed EL
 BM1705

Course Outline
LEC Student Teaching and Learning
Learning Objectives (LO) Week TOPICS Slides I-Guide Assessment Tasks
Hours Handouts Activities
1 Value the course and agree on 1 6 Introduction to Accounting and Business 1-25 1-13 1-12 Discussion Assignment
the course requirements Language of Business (Research)
2 Define accounting Users of Accounting Information One-Minute-Paper
3 Describe the accounting Building Blocks of Accounting eLMS Quiz
profession and the Types of Business Organization One-Minute-Paper
organizations that govern it Characteristics of a Proprietorship Assignment
4 Delineate the distinguishing Accounting Concepts and Principles Ricochets (Research)
characteristics and The Accounting Equation
organization of a The Financial Statements PMI Chart Short Quiz
proprietorship
5 Apply accounting concepts Skills Checklist Task Performance
and principles in analyzing
business transactions
6 Identify how the four financial
statements are prepared
7 Analyze the effects of
business transactions on the
accounting equation

8 Apply double-entry 2 6 Analyzing Business Transactions 1-26 1-7 1-13 Discussion Task Performance
accounting in recording The Account
business transactions Double-Entry Accounting Think-Pair-Share eLMS Quiz
9 Apply rules of debit and credit T-Account
in journalizing business Expanding the Rules of Debit and Credit Improvisation
transactions Source Documents
10 Post business transactions Journalizing Transactions Improvisation
using T-accounts Posting to the Ledger
11 Prepare a trial balance from Preparing the Trial Balance Improvisation
the T-accounts
Empty Outlines
PREPARED BY: VERIFIED BY: APPROVED BY:
Mark Lyndon C. de Ramos Kristine E. Lu, M.Ed EL Maria Isabel Q. Hipolito, M.Ed EL
 BM1705

LEC Student Teaching and Learning

Learning Objectives (LO) Week TOPICS Slides I-Guide Assessment Tasks
Hours Handouts Activities
12 Differentiate between accrual 3 6 The Adjusting Process 1-20 1-8 1-9 Discussion Assignment
and cash-basis accounting Accrual Vs. Cash-Basis Accounting (Research)
13 Apply the accounting period Other Accounting Principles Think-Pair-Shares
concept, revenue recognition Categories of Adjusting Entries Task Performance
and matching principles sin Adjusted Trial Balance Improvisation
adjusting journal entries Preparing the Financial Statements eLMS Quiz
14 Post the adjusting journal Improvisation
entries to the worksheet
(partial)
15 Prepare financial statements
from the adjusted trial
balance
16 Prepare an accounting 4 6 Completing the Accounting Cycle 1-16 1-12 1-6 Discussion Written Quiz
worksheet The Worksheet
17 Use the worksheet to prepare Preparing Financial Statements from a Improvisation Task Performance
financial statements Worksheet
18 Close the revenue, expense, Closing the Accounts Improvisation eLMS Quiz
and drawing accounts Post-Closing Trial Balance
19 Prepare the post-closing trial Reversing Entries Improvisation
balance
20 Prepare reversing entries Improvisation

Digital Learning

5 1 PRELIMINARY EXAMINATION Periodical Examination Pen and Paper Test

21 Illustrate merchandising 6-7 12 Accounting for Merchandising Business 1-30 1-14 1-14 Discussion Task Performance
operations and the two (2) Merchandising Operations
types of inventory systems Recording Purchases of Merchandise Defining Features Assignment
22 Use perpetual inventory Recording Sales of Merchandise Matrix (Research)
system to account the Completing the Accounting Cycle
purchase and sale of Forms of Merchandiser’s Financial Improvisation eLMS Quiz
inventory Statements

PREPARED BY: VERIFIED BY: APPROVED BY:

Mark Lyndon C. de Ramos Kristine E. Lu, M.Ed EL Maria Isabel Q. Hipolito, M.Ed EL
 BM1705

LEC Student Teaching and Learning

Learning Objectives (LO) Week TOPICS Slides I-Guide Assessment Tasks
Hours Handouts Activities
23 Adjust and close the accounts Accounting for Merchandise in a Periodic Improvisation
of a merchandising business Inventory System
24 Prepare a merchandiser’s Improvisation
financial statements
25 Account for the sale of Improvisation
inventory using a periodic
system Generalization Activity
(Focused Listing)

Digital Learning

Skills Checklist
26 Account for perpetual 8 6 Inventories 1-20 1-9 1-7 Discussion Task Performance
inventory using the most Accounting Principles and Inventories
common costing methods Inventory Costing Methods Improvisation eLMS Quiz
27 Compare the effects of the Comparing FIFO and Average Cost
most common inventory Lower-of-Cost-or-Market Rule Improvisation
costing methods Effects of Inventory Errors
28 Apply the lower-of-cost-or- Estimating Inventories Improvisation
market rule to inventory
29 Measure the effects of Generalization Activity
inventory errors (Empty Outlines)
30 Estimate ending inventory by
the gross profit method and
retail inventory method

31 Identify internal control 9 6 Internal Control and Cash 1-32 1-9 1-10 Discussion Case Study
32 Discuss the Sarbanes-Oxley Internal Control
Act The Sarbanes-Oxley Act (SOX) Five-minute Paper Case Study
33 Prepare a bank reconciliation Principles of Internal Control Activities
and journalize the related Limitations of Internal Control Improvisation Assignment
entries Bank Reconciliation (Research)

PREPARED BY: VERIFIED BY: APPROVED BY:

Mark Lyndon C. de Ramos Kristine E. Lu, M.Ed EL Maria Isabel Q. Hipolito, M.Ed EL
 BM1705

LEC Student Teaching and Learning

Learning Objectives (LO) Week TOPICS Slides I-Guide Assessment Tasks
Hours Handouts Activities
34 Apply internal control Cash Controls Improvisation Case Study
principles to cash receipts and Petty Cash Fund
cash disbursements Ethics and Accounting Generalization Activity Task Performance
35 Journalize petty cash (Empty Outlines)
transactions eLMS Quiz
36 Identify how ethical dilemmas
can affect the internal control
situation/measures of a
business
10 1 MIDTERM EXAMINATION Periodical Examination Pen and Paper Test
37 Identify the characteristics 11 6 Partnership 1-22 1-10 1-24 Discussion Assignment
and types of partnerships Nature of a Partnership (Research)
38 Account for partner Accounting for Partnership Improvisation
investments Division of Profits Task Performance
39 Allocate profits and losses to Partnership Dissolution Improvisation
the partners Partnership Liquidation eLMS Quiz
40 Account for the admission of a Improvisation
new partner
41 Account for a partner’s Improvisation
withdrawal from the firm
42 Account for the liquidation of Generalization Activity
a partnership
43 Prepare partnership financial Skills Checklist
statements

44 Identify the major 12-13 12 Corporation 1-24 1-9 1-27 Discussion eLMS Quiz
characteristics of a Nature of a Corporation
corporation Accounting for a Corporation Research
45 Journalize the issuance of Accounting for Treasury Shares
stocks Accounting for Dividends Improvisation
46 Prepare the stockholders’ Accounting for Retained Earnings
equity section Book Value and Earnings per Share Improvisation

PREPARED BY: VERIFIED BY: APPROVED BY:

Mark Lyndon C. de Ramos Kristine E. Lu, M.Ed EL Maria Isabel Q. Hipolito, M.Ed EL
 BM1705

LEC Student Teaching and Learning

Learning Objectives (LO) Week TOPICS Slides I-Guide Assessment Tasks
Hours Handouts Activities
47 Prepare the entries for cash Shareholders’ Equity Improvisation
dividends and stock dividends. Incorporation of a Sole Proprietorship or
48 Account for treasury stock Partnership Generalization Activity
49 Complete a corporate income
statement including earnings
per share

14 1 PRE-FINAL EXAMINATION Periodical Examination Pen and Paper Test

50 Identify the purposes of the 15 6 The Statement of Cash Flows 1-12 1-9 1-7 Discussion Assignment
statement of cash flows Cash Equivalents
51 Distinguish the cash flows Operating Activities Generalization Activity Written Quiz
among operating, investing, Investing Activities
and financing activities of the Financing Activities Digital Learning Task Performance
business Method of Preparing Cash Flows
52 Prepare the statement of cash Non-cash Investing and Financing Activities Skills Checklist eLMS Quiz
flows by the indirect method
53 Identify noncash investing and
financing activities
54 Analyze the statement of cash
flows
55 Prepare the statement of cash
flows by the direct method

56 Perform a horizontal analysis 16-17 12 Financial Statement Analysis 1-11 1-6 1-11 Discussion Task Performance
of financial statements Basics of Financial Statement Analysis
57 Perform a vertical analysis of Horizontal Analysis Generalization Activity eLMS Quiz
financial statements Vertical Analysis
58 Compute and evaluate the Ratio Analysis Digital Learning
standard financial ratios

18 1 FINAL EXAMINATION Periodical Examination Pen and Paper Test

PREPARED BY: VERIFIED BY: APPROVED BY:

Mark Lyndon C. de Ramos Kristine E. Lu, M.Ed EL Maria Isabel Q. Hipolito, M.Ed EL