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Senior High School Specialized Subject: Fundamentals of Accountancy, Business and Management 2



Fundamentals of Accountancy, Business and Management 2 is one of the specialized subjects under the academic career track and ABM learning strand. Some examples of the things that you will learn from taking this subject include:

  • Statement of Financial Position
    • Account titles under the assets, liabilities, and capital accounts
  • Comprehensive Income
    • Service income and operating expenses of a service business
    • Sales
    • Contra sales
    • Purchases
    • Contra purchase accounts
    • Cost of goods sold and general administrative
    • Selling expenses of a merchandising business
  • Statement of Changes in Equity
    • Forms of business organization
    • Structure of a SCE of a single proprietorship
  • Cash Flow Statement
    • Components of a cash flow statement
    • Structure of a cash flow statement
  • Analysis and interpretation of financial statements
    • Methods or tools of analysis of financial statements
      • horizontal analysis
      • vertical analysis
      • financial ratios
  • Accounting Books – Journal and Ledger
    • debits and credits
    • journal entries for basic business transaction
    • using t-accounts
    • posting to general ledgers
  • Basic Documents and Transactions Related to Bank Deposits
    • types of bank accounts
    • basic transactions
    • documents related to bank deposits and withdrawals
  • Bank Reconciliation Statement
    • Nature and structure of a bank reconciliation statement
    • Reconciling items and methods of preparation
  • Accounting Practice Set
  • Income and Business Taxation
    • sound principles of taxation
    • Purposes of taxation
    • Preparation of forms
    • Payment of taxes

While studying, you will also be asked to demonstrate what you have learned by participating in class activities that may include the following:

  • Solving problems that require preparation of an statement of financial position
  • Solving problems that require preparation of an statement of comprehensive income
  • Solving problems that require preparation of an statement of changes in equity
  • Solving problems that require preparation of an statement of cash flow statement
  • Performing horizontal and vertical analysis
  • Computing various financial ratios
  • Interpreting the level of liquidity, solvency, stability, and profitability of the business
  • Sharing samples of bank account documents and discussing their importance
  • Preparing official receipts, vouchers, sales invoice, purchase invoice, etc.
  • Filling out BIR (Bureau of Internal Revenue) forms

These examples only cover the scope of the specialized subjects under the academic track and ABM learning strand. For the scope of the core and contextualized subjects under the senior high school curriculum, please refer to their respective lists.

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