Presentation
Fundamentals of Accountancy Business and Management - Module 3
- Course
- Institution
This is a k-12 Curriculum-Based learning contents. This will guide and help the learners to understand acounting in an easy way.
[Show more]
Seller
Follow
sarahjeanjamil23
Content preview
Second Semester S.Y. 2022-2023MODULE 3
FUNDAMENTALS OF
ACCOUNTANCY, BUSINESS &
MANAGEMENT 1
, INTRODUCTION
Businesses are organizations commonly made to earn to profit. Through its life, a
company deals with multiple groups of individuals to achieve its end goal of profit generation.
Nonetheless, there are organizations established not for the pursuit of profit. These are not-for-
profit organizations which include charitable institutions, public hospitals, public schools, etc.
A business is an organization that converts inputs or resources such as material, labor,
and overhead into outputs which are usually either goods or services.
Accounting concepts, principles and assumptions are essential in the practice of
accountancy. This serves as the foundation of accounting in order to avoid misunderstanding
and usefulness of the financial statements. (Valix et al.2013)
The learners demonstrate understanding of the forms and
CONTENT types of business organization and accounting concepts and
STANDARD: principles.
The learners shall be able to explain the forms and type of
PERFORMANCE
business organization and identify generally accepted
STANDARD:
accounting principles.
At the end of the lesson, the learners are expected to:
1. explain the forms and types of business organization;
2. identify generally concepts and principles;
OBJECTIVES 3. compare and contrast the varied accounting concepts and
principles; and
4. solve exercises on accounting principles as applied in
various cases.
PRELIMINARY ACTIVITY
Why is there a need to divide the life of the business? Explain your answer.
_________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
______________________________________________________________________
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller sarahjeanjamil23. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
82215 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now