Page 491 - Most-Essential-Learning-Competencies-Matrix-LATEST-EDITION-FROM-BCD

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Quarter Content Standards Performance Standards Most Essential Learning competencies Duration

The learners demonstrate an The learners are able to… The learner…
understanding of…
3. Preparation of trial balance prepares the Statement of Cost of Goods Sold
4. Adjusting entries to include pre and Gross Profit
payments, accrual and deferral
5. Worksheet preparation, and
6. Completing the accounting cycle of
a merchandising business

Grade Level: Grade 12
Subject: Fundamentals of Accountancy, Business and Management 2

Quarter Content Standards Performance Standards Most Essential Learning competencies Duration

The learners demonstrate an The learners are able to… The learner…
understanding of…
st
1 account titles under the assets, liabilities, solve exercises and problems that require identify the elements of the SFP and Week 1
Quarter and capital accounts of the Statement of preparation of an SFP for a single describe each of them
Financial Position, namely, cash, proprietorship with proper classification of prepare an SFP using the report form and
receivables, inventories, prepaid expenses, accounts as current and noncurrent using the account form with proper
property, plant and equipment, payables, the report form and the account form classification of items as current and
accrued expenses, unearned income, noncurrent
long-term liabilities and capital that will
equip him/her in the preparation of the
SFP using the report form and account
form
the service income and operating expenses solve exercises and problems that require identify the elements of the SCI and Week 2
of a service business as well as sales, contra preparation of SCI for a service business describe each of these items for a service to 3
sales, purchases, contra purchase accounts, and a merchandising business business and a merchandising business
cost of goods sold and general prepare an SCI for a service business
administrative and selling expenses of a using the single-step approach