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Grade Level: Grade 11
Subject: Fundamentals of Accountancy, Business and Management 1

Quarter Content Standards Performance Standards Most Essential Learning competencies Duration

The learners demonstrate an The learners are able to… The learner…
understanding of…
rd
3 the definition, nature, function, and cite specific examples in which define accounting Week 1
Quarter history of accounting accounting is used in making business describe the nature of accounting
decisions
narrate the history/origin of accounting
the external and internal 1. solve exercises and problems on the define external users and gives examples

users of financial information identification of users of information,
define internal users and give examples
type of decisions to be made, and
type of information needed by the
users
2. cite users of financial information
and identify whether they are
external or internal users
accounting concepts and identify generally accepted accounting explain the varied accounting concepts and Week 2
principles principles principles to 3
solve exercises on accounting principles as
applied in various cases
the accounting equation solve problems applying the accounting illustrate the accounting equation
equation perform operations involving simple cases with
the use of accounting equation
the five major accounts, namely, define, identify, and classify accounts discuss the five major accounts Week 4
1. assets 4. income according to the five major types prepare a Chart of Accounts
2. liabilities 5. expenses
3. capital
illustrate the format of a general and special Week 5
journals