RIZAL TECHNOLOGICAL UNIVERSITY

Boni Avenue, Mandaluyong City

COURSE PLAN
Accounting 1 & 2
nd
2 Semester SY 2011-2012

Prof. Elizabeth E. Salvador

DATE
3 hours/ TOPICS ACTIVITIES
Session
Nov. 15  RTU Philosophy, Mission, Vision, CBET Mission,  Lecture
Vision and objectives  Discussion
 General orientation on class decorum  Recitation
 Overview of the Subject Syllabi and grading system

Nov. 18 The Basic Accounting Environment  Lecture

 Accounting defined  Discussion
 Accounting and Business, its motives and roles  Recitation
 Forms of business organizations  Assignment
 Types of business activities
 Stakeholders of accounting information
 Financial Statements
Nov. 22 Fundamental concerns in Accounting  Lecture
 The Changing Business Environment  Discussion of assigned
 The Accountant of the 21st Century exercises and problems
 Career Fields in Accounting  Graded Recitation
 Regulatory bodies, Accountancy Act of 2004  Seat Work
 International Accounting Standards  Assignment
 Quiz
Nov. 25, Starting up a Business  Discussion of assigned
Nov. 29 &  Qualitative exercises and problems
Dec. 2  Graded Recitation
 Board exercises
 Seat Work
 Assignment
 Quiz

Dec. 8, Partnership Operation and Division of Profit and Loss  Lecture

Dec. 12 &  Income Statement  Discussion of assigned
Dec 15  Closing Entries exercises and problems
 Worksheet  Board exercises
 Methods of dividing profits  Graded recitation
 Statement of Partners’ Equity  Seat Work
 Profit margin  Assignment
 Return on Partners’ Equity  Quiz
Jan. 2  Recapitulation of previous topics.  Discussion of assigned
 Review for Preliminary Examination exercises and problems
 Board Exercises
Jan. 5 PRELIMINARY EXAMINATION

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Jan. 9 & Evaluation of the results of the Preliminary Exams  Lecture
Jan 12 Changes in Partners’ Equity(Dissolution)  Discussion of assigned
 Definition and causes of dissolution exercises and problems
 Accounting Procedures for dissolution  Assignment
 Admission by purchase

Jan. 16,  Admission by investment  Lecture

Jan 19 &  Withdrawal of a partner  Discussion of assigned
Jan 23  Death of a partner exercises and problems
 Incorporation  Board exercises
 Recognition of Bonus and Asset Revaluation  Graded recitation
 Seat Work
 Assignment
Quiz
Jan. 26 Partnership Liquidation  Lecture
 Definition of liquidation  Discussion of assigned
 Liquidation by Total or Lump sum Liquidation exercises and problems
 Accounting procedures in Liquidation by Total  Seat Work
 Assignment

Jan 30 &  Statement of Partnership Liquidation(by Total)  Lecture

Feb 2  Entries in Liquidation  Discussion of assigned
exercises and problems
 Board exercises
 Graded recitation
 Seat Work
 Assignment
Quiz
Feb. 6 &  Liquidation by Installment  Lecture
Feb 9  Accounting procedures in liquidation by  Discussion of assigned
installment exercises and problems
 Statement of Partnership Liquidation (by  Board exercises
Installment)  Graded recitation
 Entries in liquidation  Seat Work
 Schedule of Cash Distribution  Assignment
 Cash Priority Program Quiz
Feb. 13  Recapitulation of previous topics.  Discussion of assigned
 Review for the Mid-term Examination exercises and problems
 Board Exercises
Feb. 16 MID-TERM EXAMINATION

Feb. 20 Evaluation of the results of the Mid-term Exams  Lecture

Corporate Formation and the Shareholders’ Equity  Discussion of assigned
 Corporation defined, its nature and attributes exercises and problems
 Advantages and disadvantages of a  Assignment
corporation  Graded Recitation
 Kinds of corporations
 Corporate structure
 Kinds of stocks
 Rights of Shareholders
 Incorporation requirement
 Articles of Incorporation
 Stock Certificate
Feb. 23 & Accounting for stock transactions  Lecture
Feb. 27  The journal entry method  Discussion of assigned

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  The memorandum entry method exercises and problems
 Accounting for par value shares  Board exercises
 Accounting for No Par Value Shares  Graded recitation
 Seat Work
 Assignment
Quiz
March 1 &  Shareholders’ Equity  Lecture
March 5  Stock and Transfer Book  Discussion of assigned
 Incorporation of a partnership exercises and problems
 Preferred Stock and Common Stock  Board exercises
 Graded recitation
 Seat Work
 Assignment
 Quiz

March 8, Retained Earnings  Lecture

March 12  Net Profit and Net Loss  Discussion of assigned
&  Dividends, Forms and accounting for dividends exercises and problems
March 15  Earnings per share  Board exercises
 Return on Equity  Graded Recitation
 Book Value per share  Seat Work
 Appropriations and Reversal of Appropriations  Assignment
 Statement of Comprehensive Income  Quiz
 Statement of Changes in Retained Earnings
 Statement of Changes in Shareholders’ Equity

March 19 Recapitulation of previous topics.  Discussion of assigned

Review for the Final Examination exercises and problems
 Board exercises

March 22 FINAL EXAMINATION

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