Second Semester S.Y. 2022-2023
MODULE 1
FUNDAMENTALS OF
ACCOUNTANCY, BUSINESS &
MANAGEMENT 1
, INTRODUCTION TO FINANCIAL
MANAGEMENT
Accounting is, speaking, a system that helps businesses track events that
affect them This process involves identifying the events that affect d business,
recording these events. and communicating the summarized results of all events within a
particular period to interested parties.
Almost companies allot a significant amount of resources to the accounting process since it
aids them in improving their business. For example, the sale of Toyota cars is identified as an
economic event that affects the company. The accountant will record this transaction and
consolidate all records by the end of the month.
The learners demonstrate understanding of the definition,
CONTENT
nature, function, and history of accounting.
STANDARD:
The learners shall be able to cite specific examples in which
PERFORMANCE
accounting is used in making business decisions.
STANDARD:
.
At the end of the lesson, the learners are expected to:
1. define accounting;
2. describe the nature of accounting;
3. explain the functions of accounting in business;
OBJECTIVES
4. narrate the history or origin of accounting; and
5. cite specific examples in which accounting is used in making business
decisions.
PRELIMINARY ACTIVITY
Give the full text of the following acronyms which are related to business
government offices and accountancy profession.
1. PRC________________________________________________________________
2.WTO ________________________________________________________________
3. GACPA _____________________________________________________________
4. SEC ________________________________________________________________
5. BSA ________________________________________________________________
6. BSP________________________________________________________________
7. NBI ________________________________________________________________
8. BIR ________________________________________________________________
9. DBM ________________________________________________________________
MODULE 1
FUNDAMENTALS OF
ACCOUNTANCY, BUSINESS &
MANAGEMENT 1
, INTRODUCTION TO FINANCIAL
MANAGEMENT
Accounting is, speaking, a system that helps businesses track events that
affect them This process involves identifying the events that affect d business,
recording these events. and communicating the summarized results of all events within a
particular period to interested parties.
Almost companies allot a significant amount of resources to the accounting process since it
aids them in improving their business. For example, the sale of Toyota cars is identified as an
economic event that affects the company. The accountant will record this transaction and
consolidate all records by the end of the month.
The learners demonstrate understanding of the definition,
CONTENT
nature, function, and history of accounting.
STANDARD:
The learners shall be able to cite specific examples in which
PERFORMANCE
accounting is used in making business decisions.
STANDARD:
.
At the end of the lesson, the learners are expected to:
1. define accounting;
2. describe the nature of accounting;
3. explain the functions of accounting in business;
OBJECTIVES
4. narrate the history or origin of accounting; and
5. cite specific examples in which accounting is used in making business
decisions.
PRELIMINARY ACTIVITY
Give the full text of the following acronyms which are related to business
government offices and accountancy profession.
1. PRC________________________________________________________________
2.WTO ________________________________________________________________
3. GACPA _____________________________________________________________
4. SEC ________________________________________________________________
5. BSA ________________________________________________________________
6. BSP________________________________________________________________
7. NBI ________________________________________________________________
8. BIR ________________________________________________________________
9. DBM ________________________________________________________________
