This document outlines the course syllabus for Financial Accounting & Reporting (Basic Accounting) at the University of the Visayas College of Business Administration. The 3-credit course introduces basic accounting principles for sole proprietorships in service, merchandising, and manufacturing businesses. Over 16 weeks, students will learn the accounting cycle, financial statements, inventory systems, and other topics through 3 hours of classes and assessments each week. The course aims to help students understand and apply accounting principles to prepare financial statements for different business types.

1. University of the Visayas
College of Business Administration
OBE Course Syllabus
Course Name Financial Accounting & Reporting (Basic Accounting)
Course Credits 3 units
Course Description This course introduces basic accounting principles for a business specifically sole proprietorship service
business, merchandising type and manufacturing type of business. Topics include the complete accounting
cycle with end-of-period financial statements. Upon completion, students should be able to demonstrate an
understanding of accounting principles and apply those skills in the preparation of the basic financial
statements of a sole proprietorship service business, merchandising type and manufacturing type of
business.
Contact Hours/Week 3 hours
Prerequisite None
Course Outcomes The students will be able to:
1. Identify accounting concepts and principles applied in the preparation of end-of-period financial
statements of a sole proprietorship service business, merchandising type and manufacturing type of
business.
2. Diagram the accounting cycle of a sole proprietorship service business, merchandising type and
manufacturing type of business.
3. Demonstrate an understanding of accounting principles and apply those skills through preparing the
basic financial statements of a sole proprietorship service business, merchandising type and
manufacturing type of business.
Course Outline
Week
No. of
hours
Course Content/ Subject Matter:
Week 1 3 A. (Orientation) Accountancy in the Philippines
Week 2 3 B. Basic accounting concepts and principles
Week 3 3 C. Elements of Financial Statements
Week 4 3 D. Debits and Credits-The Double Entry System
Week 5 3 E. Recording Business Transactions
Week 6 3 F. Adjusting the Accounts
Week 7 3 G. Worksheet and Financial Statements

2. Week 8 3 H. Completing the Accounting Cycle
One week (for an
equivalent of three
hours)
3 Allotted for the Prelim and Midterm Examinations
Week 10 3 I. Introduction to Merchandising Operations
Week 11 3 J. Sales Transactions with Credit & Freight Terms
Week 12 3 K. Purchase Transactions with Credit & Freight Terms
Week 13-14 6 L. Completing the Accounting Cycle for a Merchandising Business
Week 15 3 M. Inventory Systems
Week 16-17 6 N. Introduction to Manufacturing Operations
One week (for an
equivalent of three
hours)
3 Allotted for Semifinal and Final Examinations
Alignment of Course Outcomes with Summative Assessment Tasks
Classroom
Policies
a. Attendance
Regular attendance of classes is required. A student who incurs more than 20% of unexcused absences in a semester
will be dropped from the rolls. If an absence is foreseeable, the student is required to advise the instructor on such so
that arrangements can be made for any make up work. Although, attendance per se is not given a grade equivalent, it
will have a bearing on participation in class activities and/or group presentations that will be graded. A student who
miss a class is responsible for the lessons taken up and are not excused on any work assigned for a particular class
session.
b. Submission of Assessment Tasks (Student Outputs)
Should be on time; late submittal of coursework’s will not be accepted, or where there is a valid justification, its
acceptance is upon the faculty discretion subject to reasonable grade penalties.
c. Major Examination (Long Quiz or major exams)
Will be administered as scheduled. No special exam will be given unless with a valid reason subject to the approval of
the Dean of the College.
d. Course Portfolio

3. Is required and will be collected at the end of the semester. Lost documents will not be given due credit.
e. Language of Instruction
Lectures, discussion, and documentation will be in English except in Filipino Subjects.
f. Academic Integrity
Cheating during examination, copying another student’s assignment & report, submission of reports copied from other
sources/ materials (plagiarism) are strictly prohibited. Anyone caught guilty of any or all of these violations will be
sanctioned according to what is provided for in the Student’s Handbook.
g. Wearing of prescribed uniform and ID/ Dress and Grooming Codes
Wearing of the official prescribed uniform and ID inside the University must be strictly observed from Monday to
Thursday. Fridays and Saturdays are considered wash day, thus, proper dress code and grooming is a requirement.
h. Grave misconduct
Any form of disrespect to your teacher or to others will not be tolerated and is meted corresponding sanction.
i. Consultation Schedule
Consultation schedules with the Instructor is posted at the Faculty Office. It is recommended that the student avail of
this services by setting an appointment to confirm the instructor’s availability.