ROMBLON STATE UNIVERSITY

COLLEGE OF BUSINESS AND ACCOUNTANCY

ODIONGAN, ROMBLON

SYLLABUS IN ACCOUNTING FOR SERVICE, MERCHANDISING AND MANUFACTURING BUSINESSES

BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION – FINANCIAL MANAGEMENT
First Semester, AY 2020 – 2021

Vision and Mission of the Romblon State University

Vision
Romblon State University as a premiere institution of higher education in the MIMAROPA region for a globally competitive province of ROMBLON.

Mission
The university is committed to provide advanced education, higher technological/ professional instruction and training in agriculture and fishery, forestry, science and technology, education, arts and
sciences, and other relevant fields of study. It shall undertake research and extension services, and provide progressive leadership in its areas of specialization.

Goals of the College of Business and Accountancy

 Develop the individual as an ethical business professional, cognizant of his varied roles as a social being and actively involved in the affairs of his society.
 Provide business trainings that empower people to create or seize opportunities for a better quality of living and which develop competencies for better individual and organizational performance.
 Assist both government and non-government organizations in the development and administration of programs that seek to uplift the people’s social and economic well-being.
 Be a resource of business and industry in its continuing efforts to achieve optimal performance and be also its link to its various stakeholders.
 Propagate the ideals of good governance and the enlightened stewardship of the environment.

Outcomes of the Bachelor of Science in Business Administration Major in Financial Management Program

 Students manifesting sound foundation in the core disciplines of business administration which include management, finance, marketing, economics, and accounting.
 Graduates whose competencies enable them to assume sensitive managerial positions.
 Individuals who appreciate the value of research and know how to create useful information.
 Students who are socially and environmentally sensitive and eventually become professionals and business leaders steeped in values and observant of ethics.
 Programs that benefit businesses and the community and business concepts and skills that are extended to those in need of them.
 Students with ignited entrepreneurial energies.

Syllabus in Accounting for Service, Merchandising and Manufacturing Businesses for BSBA - FM Page 1 of 8
COURSE CODE Accounting 1b

COURSE TITLE Accounting for Service, Merchandising and Manufacturing Businesses

COURSE DESCRIPTION This course provides an introduction to accounting, within the context of business and business decisions. Students obtain basic understanding of the principles
and concepts of accounting as well as their applicability and relevance in the national context and learn how to use various types of accounting information found
in financial statements and annual reports. Emphasis is placed on understanding the reasons underlying basic accounting concepts and providing students with
an adequate background on the recording, classification, and summarizing functions of accounting to enable them to appreciate the varied uses of accounting
data.

COURSE CREDIT 6 units

COURSE PRE-REQUISITE None

LINK TO PROGRAM  Students manifesting sound foundation in the core disciplines of business administration which include management, finance, marketing, economics, and
OUTCOMES accounting.
 Graduates whose competencies enable them to assume sensitive positions in the field of banking and finance.
 Individuals who appreciate the value of research and know how to create useful information.

COURSE REQUIREMENTS  Exercises (Homework and Seatwork)

 Quizzes
 Examinations
 Projects
 Practice Set

COURSE GRADING SYSTEM First Period Grade (FPG) Second Period Grade (SPG) Final Grade (FG)

Average of (Quizzes, Averaged Average of (Quizzes, Averaged

Exercises, Projects) : 60% Exercises, Projects, Practice Set) : 40% FPG 1/3
Midterm Examination : 40% Final Examination : 60% SPG 2/3
100% 100% FG 3/3

Grade Equivalent

1.00 = 98 – 100 1.75 = 89 – 91 2.50 = 79 – 81 5.00 = Failed

1.25 = 95 – 97 2.00 = 85 – 88 2.75 = 76 – 78 W = Withdrawn
1.50 = 92 – 94 2.25 = 82 – 84 3.00 = 75 INC = Incomplete

Syllabus in Accounting for Service, Merchandising and Manufacturing Businesses for BSBA - FM Page 2 of 8
 COURSE POLICIES  Students who failed to submit five (5) activities or exercises will be dropped from the subject if the fact happens prior to the midterm exam and failed if the fact
happens after the midterm exam. Those with valid reasons for their failure of submission will be considered and will have the change to address whatever
deficient outputs they have. This is because students’ attendance will not be regularly checked according to their class schedules but rather be monitored thru
submission of activities either in person or through online messaging applications.

 Online classes, discussion, or virtual meetings will be scheduled according to students’ availability and internet access and shall be conducted to raise
feedbacks or questions and to answer them accordingly.

 Student initiative and independent learning is encouraged and emphasized. Students are expected to actively look for the copy of lessons to read and
activities to answer. Any misinformation or lack of information is not an excuse to their failure to study or to submit any requirements.

 Submission of output may be done in person or online given that outputs should be in writing and not typed electronically. If online, files should be renamed in
this format, activity/no./surname.

 Timeliness should be exercised when passing classwork and activities. Any late submission will have a corresponding deduction as penalty.

COURSE OUTCOMES Cognitive

 The student is knowledgeable about what accounting is and how it relates to business.
 The student is knowledgeable about the importance and function of accounting in the context of business decision-making process.
 The student is knowledgeable about the accounting process and the application of it to service, merchandising and manufacturing businesses.
Psychomotor
 The student displays proficiency in the preparation, appreciation and application of financial statements of service, merchandising and manufacturing
businesses.
Affective
 The student develops values such as integrity, independence, accurate and quality work, professional behavior.
COURSE OUTLINE

TOPICS LEARNING OUTCOMES ALLOTED ALLOTED TEACHING/LEARNING ASSESSMENT

WEEK HOURS ACTIVITIES

Presentation and Discussion of the course The students should:

syllabus, highlighting the vision and mission
of RSU, the goals of the CBA and the be knowledgeable about the vmgo’s of the BSBA program and the 1st WEEK 2 Power Point Reflection
outcomes of the BSBA program. syllabus of the course. Presentation

appreciate and relate to the vmgo’s of the BSBA program and the Electronic Application

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 TOPICS LEARNING OUTCOMES ALLOTED ALLOTED TEACHING/LEARNING ASSESSMENT
WEEK HOURS ACTIVITIES

syllabus of the course .

I. Accounting and its Environment The student should:

Development of Accounting be knowledgeable about the development of accounting. 1ST WEEK .5 Required Reading Recitation

Definitions and Branches of Accounting have an appreciation of the nature, importance, function, and branches .5 Lecture Exercises
of accounting.
Quiz
Users of Accounting Information be able to identify the users of accounting information, the forms of .5 Question and Answer
business organization and the types of businesses.
Forms of Business Organizations .25 Type Study Method

Types of Businesses ..25 Creative Presentation Rubric Assessment

(Poetry, etc.)
The Accountancy Profession be knowledgeable about the Accountancy profession and its 1.0
development.

II. Accounting Standards The student should:

Nature, importance, and function of be knowledgeable about the nature, importance, and function of .5 Required Reading Quiz
accounting standards accounting standards. 1ST WEEK
Lecture Reflection
Development of accounting standards have an appreciation of the development of accounting standards. .5
Discussion Project (research on
the current list of
Assumptions underlying the preparation be able to identify the assumptions underlying the preparation of 1.0 Independent Study accounting standards)
of financial statements financial statements. 2ND WEEK (internet browsing of
IASB and PICPA
Qualitative characteristics of financial be able to identify the qualitative characteristics of financial 1.0 websites)
statements statements.

III. Elements of Accounting The student should:

The basic financial statements be knowledgeable about the basic financial statements. 2nd WEEK 1.0 Required Reading Project (Copies of
Actual Financial
The basic accounting equation be able to discuss the basic accounting equation. 1.0 Lecture/Demonstration Statements)
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 TOPICS LEARNING OUTCOMES ALLOTED ALLOTED TEACHING/LEARNING ASSESSMENT
WEEK HOURS ACTIVITIES

The elements of the balance sheet be able to identify the elements of the statement of financial position 2.0 Seatwork Assignments
and of the income statement.
Computer Assisted Quiz
The elements of the income statement be able to prepare basic financial statements. 3nd WEEK 2.0 Learning

IV. Business Documents and Business The student should:

Transactions

Business documents be able to identify and analyze business documents. 3rd WEEK .5 Lecture Assignments

Business transactions be able to identify accounts, T-accounts and chart of accounts. 1.5 Dimensional Question Quiz
Approach
Accounts, T-accounts, and Chart of be able to analyze business transactions and their effects on the 2.0
accounts elements of accounting. Seatwork

Rules of Debits and Credits have an understanding of the rules of debits and credits and be able to 4th WEEK 4.0 Peer Teaching
apply them to business transactions.

V. The Accounting Cycle The student should:

Steps in the accounting cycle be familiar with the steps in the accounting cycle. 4th WEEK 2.0 Lecture Assignments

Accounting books be familiar with accounting books. 5th WEEK 2.0 Demonstration Quiz

Journalization have an understanding of journalization and be able to journalize Answering Exercises

business transactions. 2.0

Posting to the ledger and preparing the know how to post to accounts and prepare a trial balance. 2.0 Seatwork
trial balance

VI. Accounting for a Service Business The student should:

Journalizing transactions of service be able to journalize transactions of service businesses. 6th WEEK 3 Lecture Assignments
businesses.
Demonstration Quiz
Posting to the ledger be able to post journal entries to the ledger. 3
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 TOPICS LEARNING OUTCOMES ALLOTED ALLOTED TEACHING/LEARNING ASSESSMENT
WEEK HOURS ACTIVITIES

Seatwork
Preparing the trial balance be able to prepare a trial balance. 7th WEEK 4

VII. Adjusting Entries The student should:

be able to identify accounts that need adjustment and prepare 7th WEEK 2 Lecture Assignments
adjusting entries. 8th WEEK 4
Answering Exercises Quiz

VIII. Worksheet and Financial Statements The student should:

be able to prepare a worksheet and the corresponding financial 8th WEEK 2 Lecture Assignments
statements. 9th WEEK 4
Demonstration Quiz

Answering Exercises

IX. Closing Entries, Post-closing Trial The student should:

Balance, and Reversing Entries
be able to prepare closing entries, post-closing trial balance, and 9th WEEK 2 Lecture Assignments
reversing entries.
Demonstration Quiz

Answering Exercises

Mid-term Examination Assessment of student progress 10th WEEK 2 Assessment Examination

X. Accounting Information of Merchandising The student should:

Businesses

Nature of merchandising business have an appreciation of the nature of merchandising businesses. 10th WEEK .5 Lecture Assignments

Inventory accounting systems be able to identify inventory accounting systems. .5 Demonstration Quiz

Trade discounts and cash discounts be able to compute trade and cash discounts .5 Answering Exercises

Financial statements of merchandising be able to prepare financial statements .5 Learning Visit

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 TOPICS LEARNING OUTCOMES ALLOTED ALLOTED TEACHING/LEARNING ASSESSMENT
WEEK HOURS ACTIVITIES

business

XI. Accounting for Business Transactions of The student should:

Merchandising Business

Accounting for purchases of merchandise be able to prepare journal entries to account for purchases and sales 3 Lecture
of merchandise 11th WEEK Assignments
Demonstration
Accounting for sales of merchandise be able to prepare other journal entries for merchandising business. 3 Quiz
Answering Exercises
XII. Trial Balance, Adjustments and The student should:
Worksheet of Merchandising Businesses

Preparing the trial balance for be able to prepare the trial balance of a merchandising business. 12th WEEK 2 Lecture Assignments
merchandising business
Demonstration Quiz
Preparing the adjusting entries be able to prepare the adjusting entries for a merchandising business. 4
Answering Exercises
Preparing the worksheet and the financial be able to prepare the worksheet and the corresponding financial 13th WEEK 2
statements statements.

XIII. Completing the Accounting Cycle for The student should:

Merchandising Businesses

Preparing the closing entries be able to prepare the closing entries of a merchandising business. 13th WEEK 2 Lecture Assignments

Preparing the post-closing trial balance be able to prepare the post-closing trial balance of a merchandising 2 Demonstration Quiz
business.
Answering Exercises
Preparing the reversing entries be able to prepare the reversing entries of a merchandising business. 14th WEEK 2

XIV. Special and Combination Journals, The student should:

Special Ledgers, and Voucher System

Special and combination journals be able to design and use special and combination journals. 14th WEEK 2 Lecture Assignments

Special ledgers be able to use special ledgers. 2 Demonstration Quiz

Syllabus in Accounting for Service, Merchandising and Manufacturing Businesses for BSBA - FM Page 7 of 8
 TOPICS LEARNING OUTCOMES ALLOTED ALLOTED TEACHING/LEARNING ASSESSMENT
WEEK HOURS ACTIVITIES

Voucher system be able to use voucher system. 15th WEEK 2 Answering Exercises

XV. Manufacturing The student should:

be able to describe a manufacturing business.. 15th WEEK 4 Lecture Assignments

be able to prepare the necessary financial statements for a 16th WEEK 4 Answering exercises Quiz
manufacturing business.
Demonstration
be proficient at preparing the journal entries for manufacturing 16th WEEK 2
businesses.

Practice Set Synthesize learning. 18th WEEK 4 Synthesis Practice Set

Final Examination Assessment of acquired competencies 18th WEEK 2 Assessment Examination

Contingencies Provide for class disruptions 1 WEEK 6

108

SUGGESTED LEARNING MILLAN, ZV. B. 2019. Financial Accounting and Reporting (Fundamentals)
RESOURCES
BALLADA, W. 2019. Basic Financial Accounting and Reporting. Manila, Philippines: DomDane Publishers.

VALENCIA, E.G. 2014. Basic Accounting Concepts, Principles, Procedures and Applications. Baguio City, Philippines: Valencia Educational Supply.
MANUEL, Z. V.C. 2011. 21ST Century Accounting Process. International Edition.
HUGO-MACAPILIT, C. 2010. Worktext in Basic Accounting. Manila, Philippines: Rex Bookstore.

CONSULTATION HOURS 9:00 – 11:00 AM MWF / 8:00 – 10: 00 TTH

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Prepared by: Reviewed by: Approved by:

BLESS FAITH F. ANDAL, CPA, MABA EVALIZA F. MORENO, MABA MARBETH A. MARCELO-FADRIQUELA, MABA
Instructor Chair
Dean

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