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    Fabm, Od, Borg

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    Stephanie Nicole Pablo
    The document provides an overview of fundamentals of accounting including forms of business organization, types of businesses, what accounting is, its functions and purposes. It discusses the accounting process and different branches/classifications of accounting such as financial accounting, managerial accounting, auditing and cost accounting. It also covers accounting principles, assumptions, concepts, procedures and how to prepare key financial statements. Finally, it discusses business organization and types of industries before concluding with an introduction to organization development.

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    Fabm, Od, Borg

    Uploaded by

    Stephanie Nicole Pablo
    26 views10 pages
    The document provides an overview of fundamentals of accounting including forms of business organization, types of businesses, what accounting is, its functions and purposes. It discusses the accounting process and different branches/classifications of accounting such as financial accounting, managerial accounting, auditing and cost accounting. It also covers accounting principles, assumptions, concepts, procedures and how to prepare key financial statements. Finally, it discusses business organization and types of industries before concluding with an introduction to organization development.

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    FABM, OD, BORG

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    The document provides an overview of fundamentals of accounting including forms of business organization, types of businesses, what accounting is, its functions and purposes. It discusses the accounting process and different branches/classifications of accounting such as financial accounting, managerial accounting, auditing and cost accounting. It also covers accounting principles, assumptions, concepts, procedures and how to prepare key financial statements. Finally, it discusses business organization and types of industries before concluding with an introduction to organization development.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    26 views10 pages

    Fabm, Od, Borg

    Uploaded by

    Stephanie Nicole Pablo
    The document provides an overview of fundamentals of accounting including forms of business organization, types of businesses, what accounting is, its functions and purposes. It discusses the accounting process and different branches/classifications of accounting such as financial accounting, managerial accounting, auditing and cost accounting. It also covers accounting principles, assumptions, concepts, procedures and how to prepare key financial statements. Finally, it discusses business organization and types of industries before concluding with an introduction to organization development.

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    © All Rights Reserved
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    of 10

    Fundamentals of Accounting

    Learning objectives

    Forms of Business Organization

    - Sole Proprietor

    - Partnership

    - Corporation

    - Cooperative

    Types of Business Organization

    - Merchandising (Trading)

    - Manufacturing

    - Service

    What Is Accounting?

    Functions of Accounting

    - Recording

    - Classifying

    - Summarizing

    - Analysis and Interpretation

    - Communication

    Purpose of Accounting (The Language of Business)

    Objectives of Accounting

    Users of Accounting Information

    Questions Asked By Internal Users

    Questions Asked By External Users

    Accounting Process
    Classification/Branches of Accounting

    Financial Accounting

    Features of Financial Accounting

    - Past Transactions and Other Economic Events

    - Financial Accounting Process

    - Financial Statement

    Overview of Financial Accounting

    Overview of Managerial Accounting

    Distinctions of Financial Accounting and Managerial Accounting

    Auditing

    Cost Accounting

    Accounting Theory

    1. Accounting Assumptions

    2. Accounting Concepts

    3. Accounting Principles

    Sources of Accounting Principles

    Accounting Principles

    - Economic Entity

    - Monetary Unit

    - Time Period

    - Cost

    - Revenue

    - Objectivity

    - Conservatism
    - Materiality

    - Full Disclosure

    - Consistency

    - Going Concern

    - Matching

    4. Accounting Procedures

    Basic of Accounting

    - Cash Basis

    - Accrual Basis

    Account and Chart of Accounts

    Double Entry System

    Increases and Decreases in Owner's Equity

    Normal Balances

    The "T" Account

    Statement of Financial Position (Balance Sheet) Account Classification

    A. Assets

    - Current Assets

    - Investments

    - Fixed Assets

    - Intangibles

    - Other Assets

    B. Liabilities

    - Current Liabilities

    C. Capital
    D. Stockholder's Equity

    Approaches in Determining Income

    Forms of Income Statement

    - Multi-step Form

    - Single-step Form

    Statement of Comprehensive Income (Income Sheet)

    A. Revenue

    B. Cost of Sale

    C. Expenses
    Business and Organization
    BUSINESS

    ATTRIBUTES OF BUSINESS

    KINDS OF BUSINESS OR CLASSIFICATION OF BUSINESS ACTIVITIES

    1. Commerce

    - Retail or Wholesale

    - Domestic or Foreign

    2. Industry

    - Genetic

    - Extractive

    - Manufacturing

    - Construction

    INDUSTRY GROUP

    A. Genetic Industry

    - Agriculture

    - Forestry

    - Fish Culture

    B. Extractive Industries

    - Mining

    - Lumbering

    - Hunting

    - Fishing

    C. Manufacturing Industries

    - Food Processing
    - Beverage

    - Tobacco

    - Textile

    - Footwear

    - Wearing Apparel

    - Paper Product

    - Printing

    - Leather

    - Rubber

    - Chemicals

    - Cement

    - Handicraft

    - Machinery

    - Electrical Appliances

    D. Construction Industries

    - Commercial Projects

    - Residential Projects

    - Mix-Used Development Projects

    - Government Infrastructures Project

    3. Service

    - Recreation

    - Personal

    COMMUNICATION

    - External Users
    - Internal Users

    ORGANIZATION

    1. Structural Factors of an Organization

    - Men

    - Materials

    - Machines

    - Methods

    - Money

    2. Basic Considerations in Developing an Organization

    3. Principles of Organizational Design

    CLASSIFICATION OF ORGANIZATION

    - Formal Organization

    - Informal Organization

    4. Structural Forms of Organization

    A. Line Organization

    B. Functional Organization

    C. Line and Staff Organization

    D. Matrix-structured Organization

    FORMS OF ORGANIZATION

    A. Line/Scalar Type

    B. Functional Type

    COMPARISON OF LINE AND FUNCTIONAL TYPE

    C. Line and Staff Type

    D. Matrix Type
    ADVANTAGES AND DISADVANTAGES OF STRUCTURAL FORMS OF ORGANIZATION

    ORGANIZATIONAL DEVELOPMENT

    WHY ORGANIZATION DEVELOPMENT?

    THE CHANGING ORGANIZATION

    WHEN IS THE ORGANIZATION READY FOR THE DEVELOPMENT?


    Organization Development
    About Organization Development

    Start Point

    Focus

    Orientation

    - Diagnosing

    - Taking Action

    - Re-Diagnosing

    - Taking New Action

    Definition(s) of OD.

    History of OD

    Four Major Stems of OD

    - T Group

    - Survey Feedback Technology

    - Action Research

    - Sociotechnical and Socio clinical Approaches

    Revolutionary Values and Beliefs of OD

    Sound-Generation OD

    Models and Theories

    - Seven Stage Model Representing the Consulting Process

    - Five Critical Leverage Points (tracks) For Organization Change

    - The Burke-Litwin Model of Organizational Change

    - Porras and Robertson Model of Organizational Change

    Systems Theory
    Participation and Empowerment

    Teams and Teamwork

    Parallel Learning Structures

    Normative - Reeducative Strategy of Change

    Applied Behavorial Science

    Action Research

    Managing the OD Process

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