Fundamentals of Accountancy Business and Management 1 - Module 2
7 views 0 purchase
Course
CPA
Institution
CPA
This is a K-12 Curriculum-based. This aims to help the learners in learning tha accounting topics in easier way. Its a step-by-step discussion of the Fundamentals of Accountancy Business and Managment 1- Module 2
fundamentals of accountancy business and management 1
Written for
CPA
All documents for this subject (813)
Seller
Follow
sarahjeanjamil23
Content preview
Second Semester S.Y. 2022-2023
MODULE 2
FUNDAMENTALS OF
ACCOUNTANCY, BUSINESS &
MANAGEMENT 1
, INTRODUCTION
To be successful, businesses must interact with countless customers' investors creditors, and
other groups. There is no known business that is established just to transact with itself. These
outside parties are the main sources of income and/or funds that key factors in determining if a
business will be profitable or not.
On the other hand, special purpose financial statements are usually produced based on the
requests of parties that have the capability to ask for accounting information directly from the
company. Some examples of such groups are the board of directors, managers, employees, and the
stockholders or owners (existing investors).
This distinction resulted in the broad groups of users of financial information: external users
and internal users. In the following sections, we will discuss and differentiate these two broad
groups. We will also give some examples of the people belonging in each group.
The learners demonstrate understanding of the external and
CONTENT internal users of financial information and accounting concepts
STANDARD: and principles.
The learners shall be able to solve exercises and problems on the
identification of users of information, type of decisions to be
PERFORMANCE
made, and type of information needed by the users and cite users
STANDARD:
of financial information and identify whether they are external or
internal users.
At the end of the lesson, the learners are expected to:
1. explain the varied accounting concepts and principles;
2. distinguish internal users from external users and give
examples;
3. solve exercises in the identification of the branches of
OBJECTIVES
accounting described through the types of services
rendered; and
4. solve exercise and problems on the identification of users
of information, types of business decision to be made, and
type of information needed by the users.
PRELIMINARY ACTIVITY
Identify at least five manufacturing businesses that you know within the
Philippines. Write where it could be found and describe what kind of products they
offered. Make a short description on it.
Manufacturing business in the Location Short description of the
Philippines business
1.
2.
3.
4.
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.
