Bookkeeping NC III
The Units of Competency comprising this Qualification include the following:
CODE NO. BASIC COMPETENCIES
Units of Competency
500311109 Lead workplace communication
500311110 Lead small team
500311111 Develop and practice negotiation skills
500311112 Solve problems related to work activities
500311113 Use mathematical concepts and techniques
500311114 Use relevant technologies
CODE NO. COMMON COMPETENCIES
Units of Competency
HCS315202 Apply quality standards
HCS311201 Perform computer operations
HCS913201 Maintain an effective relationship with clients and customers
HCS913202 Manage own performance
CODE NO. CORE COMPETENCIES
Units of Competency
HCS412301 Journalize transactions
HCS412302 Post transactions
HCS412303 Prepare trial balance
HCS412304 Prepare financial reports
HCS412305 Review internal control system
UNIT OF COMPETENCY : JOURNALIZE TRANSACTIONS
MODULE TITLE : JOURNALIZING TRANSACTIONS FOR
CORPORATION
MODULE DESCRIPTOR : This module covers the knowledge, skills, and attitudes in
preparing chart of accounts, analyze documents and
preparing journal entries for Corporation.
NOMINAL DURATION : 24 hours
SUMMARY OF LEARNING OUTCOMES:
Upon completion of this module the students/ trainees will be able to:
LO1. Prepare chart of accounts
LO2. Analyze documents
LO3. Prepare journal entry
LO1. PREPARE CHART OF ACCOUNTS
ASSESSMENT CRITERIA:
1. List of asset, liability, equity, income, and expense account titles are prepared
in accordance with Generally Accepted Accounting Principles.
2. Chart of Accounts is coded according to industry practice.
CONTENTS:
Definition and functions of Bookkeeping and Accounting.
Types of business organization
Types of business activities
Basic Accounting Equation
Basic Financial Statement
CONDITIONS:
The students/trainees must be provided with the following:
Calculator
Paper
Learning Materials
Pencil
Eraser
METHODOLOGIES:
Group discussion
Interaction
Lecture
Practical exercises
ASSESSMENT METHODS:
Written test
Practical/performance test
Interview
LO2. ANALYZE DOCUMENTS
ASSESSMENT CRITERIA:
1. Documents are gathered, checked and verified in accordance with verification
and validation processes.
2. Account titles are selected in accordance with standard selection processes.
CONTENTS:
Types of Business Documents
Account Title Selection
CONDITIONS:
The students/trainees must be provided with the following:
Calculator
Paper
Learning Materials
Pencil
Eraser
Sample Business Documents
METHODOLOGIES:
Group discussion
Interaction
Lecture
Practical exercises
ASSESSMENT METHODS:
Written test
Practical/performance test
Interview
LO3. PREPARE JOURNAL ENTRY
ASSESSMENT CRITERIA:
1. Journal entries are prepared in accordance with generally accepted
accounting principles.
2. Debit and credit account titles are determined in accordance with chart of
accounts.
3. Explanation to journal entry is prepared in accordance with the nature of
transaction.
CONTENTS:
Generally Accepted Accounting Principles
Accounting Equation
Journalizing of Corporation account titles
CONDITIONS:
The students/trainees must be provided with the following:
Calculator
Journal Paper
Learning Materials
Pencil
Eraser
Philippine Financial Reporting Standards
METHODOLOGIES:
Group discussion
Interaction
Lecture
ASSESSMENT METHODS:
Written test
Practical/performance test
Interview
Practical exercises
UNIT OF COMPETENCY : POST TRANSACTIONS
MODULE TITLE : POSTING TRANSACTIONS
MODULE DESCRIPTOR : This module covers the knowledge, skills, and attitudes in
posting transactions manually for all types of business
organizations and business activities.
NOMINAL DURATION : 16 hours
SUMMARY OF LEARNING OUTCOMES:
Upon completion of this module the students/ trainees will be able to:
LO1. Prepare ledger
LO2. Transfer journal entries
LO3. Summarize ledger
LO1. PREPARE LEDGER
ASSESSMENT CRITERIA:
1 Ledger for the list of asset, liability, and equity account titles are prepared in
accordance with the Chart of Accounts
2 Ledger for the list of income and expense account titles are prepared in
accordance with the Chart of Accounts
CONTENT:
Posting Procedure for all types of business organization and activities.
CONDITIONS:
The students/trainees must be provided with the following:
Calculator
Ledger
Learning Materials
Pencil
Eraser
Ruler
Chart of Accounts of all types of business organizations.
METHODOLOGIES:
Group discussion
Interaction
Lecture
Practical exercises
ASSESSMENT METHODS:
Written test
Practical/performance test
LO2. TRANSFER JOURNAL ENTRIES
ASSESSMENT CRITERIA:
1. Journal entries are transferred in chronological order
2 Postings are done with 100% accuracy
CONTENT:
Posting Procedure for all types of business organizations.
CONDITIONS:
The students/trainees must be provided with the following:
Calculator
Learning Materials
Pencil
Eraser
Ledger
Ruler
METHODOLOGIES:
Group discussion
Interaction
Lecture
ASSESSMENT METHODS:
Written test
Practical/performance test
Interview
LO3. SUMMARIZE LEDGER
ASSESSMENT CRITERIA:
1. Debits & Credits for each ledger account are added accurately.
2. Balances are extracted with 100% accuracy.
CONTENT:
Balance Extraction
CONDITIONS:
The students/trainees must be provided with the following:
Calculator
Paper
Learning Materials
Pencil
Eraser
Ledger
METHODOLOGIES:
Group discussion
Interaction
Lecture
Practical exercise
ASSESSMENT METHODS:
Written test
Practical/performance test
