Fundamentals of accountancy, business & management. Volume 1 : for senior high school ABM Curriculum / Ma. Elenita Balatbat Cabrera

Chapter 1: Overview of the Business World The Nature and Importance of Business Introduction Definition of Business Basic Functions of Business Key Ingredients that Support Business Activities Key Segments of Business Types of Business Activities Objective of Business Firms Business Stakeholders Business Transactions Documentation Check Promissory Note Cash Voucher Review Questions Chapter 2 : Organization and Management of Business Firms Legal Forms of Business Organization What Management is Who needs Management and How Does It Basic Functions of Managements Internal Organization of Business Firms Organization Plan Basic Management Principles Review Questions , Exercises and Problems Chapter 3 : Role of Accounting Concepts and Principles Introduction Accounting as the Language of Business Brief History/ Origin of Accounting Users of Accounting Information Types of Accounting Information Careers in Accounting Review Questions and Exercises Chapter 4: Fundamental Accounting Concepts and Principles Qualitative Characteristics of Accounting The Accounting Equation Illustrative Case Analysis of the Effect of the Transactions of a Restaurant on the Accounting equation Basic Output of Financial Accounting Illustrative Financial Statements Relationship of the Financial Statements Review Questions and Exercises Chapter 5 : Recording Business Transactions The Account Debits and Credits Rules of Debits and Credits Normal Balances Normal Balances for the Owner?s Equity Illustrative Application of the Rules f Debits and Credits Books of Accounts Review Questions and Problems Chapter : 6 The Accounting Cycle Applied to a Service Business Nature of Transactions in a Service Business The Accounting Cycle Illusration of Analyzing and Summarizing Illustrative Comprehensive Case I: Accounting Cycle Applied to a Service Company Illustrative Comprehensive Case I continued? Finding and Correcting Errors in the Trial Balance Review Questions and Problems Chapter 7 : The Accountancy Cycle Continued Accrual-Basis Accounting vs. Cash-Basis Accounting E. Preparing the Adjusting Entries (Step 5 of the Accounting Cycle) F. Prparing the Work Sheet (Step 6 of the Accounting Cycle ) Review Questions and Problems Chapter 8: The Accounting Cycle Completed G. Preparing the Financial Statements (Step 7 of the Accounting Cycle) H. Preparing the Closing Entries ( Step 8 0f the Accounting Cycle) I. Preparing the Post-closing Trial Balance ( Step 9 of the Accounting Cycle) Review Questions and Problems Chapter 9 : Accounting for Merchandising Business Nature of Merchandising Business Service vs Merchandising Business Operating Activities of a Merchandising Business Accounting for the Purchase of Merchandise Transportation In or Freight In Purchase Discounts, Returns , and Allowances Accounting for the Sale of Merchandise Journalization of Merchandising Transactions Accounting for Value-Added Tax or Purchase and Sale of Merchandise Transaction Illustrative Comprehensive Case I. Journalizing Merchandising Transactions under the Periodic and Perpetual Inventory Systems Illustrative Comprehensive Case II ? Accounting Cycle (Steps 4-9) Applied to Merchandising Business Review Questions and Problems Chapter 10: Special Journals and Subsidiary Ledger Introduction The Need for Special Journals The Need for Control Accounts and Subsidiary Ledgers Special Journals Illustrative Comprehensive Case Steps 1 to 4 of the Accounting Cycle using Special Journals and Subsidiary Ledgers Review Questions and Problems Appendix A Typical Charts of Accounts for Different types of Business Glossary Subject Index List of References Answer Sheets for Test Materials

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