Competency-Based Learning

Materials

Sector : HEALTH, SOCIAL AND OTHER COMMUNITY

DEVELOPMENT SERVICES

Qualification Title: Bookkeeping NC III

Unit of Competency: PREPARE FINANCIAL REPORTS

Module Title: PREPARING FINANCIAL REPORTS FOR SINGLE

PROPRIETORSHIP

SKILLS MASTERY INSTITUTE

Jacinto Tan Bldg, Capistrano St, Cagayan de Oro, 9000
Misamis Oriental, Philippines
 BOOKKEEPING NC III
COMPETENCY-BASED LEARNING MATERIALS

List of Competencies

No. Unit of Competency Module Title Code

Journalize Journalizing HCS412301

1.
transactions transactions

2. Post transactions Posting transactions HCS412302

3. Prepare trial balance Preparing trial balance HCS412303

Prepare financial Preparing financial HCS412304

4.
reports reports

Review internal control Reviewing internal HCS412305

5.
system control system
 MODULE CONTENT

UNIT OF COMPETENCY PREPARE FINANCIAL REPORTS

MODULE TITLE PREPARING FINANCIAL REPORTS FOR

SINGLE PROPRIETORSHIP

MODULE DESCRIPTOR: This module covers the knowledge, skills, and

attitudes in preparing financial reports manually for Single
Proprietorship.

NOMINAL DURATION: 24 hours

LEARNING OUTCOMES:
At the end of this module you MUST be able to:
Prepare financial statements
Analyze financial statements

ASSESSMENT CRITERIA:
Income statement is prepared in accordance with generally accepted
accounting principles/Philippine Financial Reporting
Standards/Philippine Financial Reporting Standards
Statement of Changes in Equity is prepared in accordance with
generally accepted accounting principles/Philippine Financial
Reporting Standards/Philippine Financial Reporting Standards
Balance Sheet is prepared in accordance with generally accepted
accounting principles/Philippine Financial Reporting
Standards/Philippine Financial Reporting Standards
Statement of Cash Flow is prepared in accordance with generally
accepted accounting principles/Philippine Financial Reporting
Standards/Philippine Financial Reporting Standards
Financial Statements are analyzed in accordance with prescribed
format.
Report on financial analysis is prepared in accordance with industry
requirements.
LEARNING OUTCOME NO. 1
Prepare financial statements
Contents:

1. Financial Statements for Single Proprietorship

Assessment Criteria

1. Income statement is prepared in accordance with generally accepted

accounting principles/Philippine Financial Reporting
Standards/Philippine Financial Reporting Standards
2. Statement of Changes in Equity is prepared in accordance with
generally accepted accounting principles/Philippine Financial
Reporting Standards/Philippine Financial Reporting Standards
3. Balance Sheet is prepared in accordance with generally accepted
accounting principles/Philippine Financial Reporting
Standards/Philippine Financial Reporting Standards
4. Statement of Cash Flow is prepared in accordance with generally
accepted accounting principles/Philippine Financial Reporting
Standards/Philippine Financial Reporting Standards

Conditions

The participants will have access to:

1. Calculator
2. Paper
3. Learning Materials
4. Pencil
5. Eraser
6. Ruler
7. Worksheet
Assessment Method:

1. Written test
2. Practical/performance test
 Learning Experiences
Learning Outcome 1
(LO TITLE)

Learning Activities Special Instructions