Competency-Based Learning

Materials

Sector
: HEALTH, SOCIAL AND OTHER COMMUNITY
DEVELOPMENT SERVICES

Qualification Title:

Unit of Competency:

Module Title:
PROPRIETORSHIP

Bookkeeping NC III

PREPARE FINANCIAL REPORTS

PREPARING FINANCIAL REPORTS FOR SINGLE

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

1.

Journalize
transactions

Journalizing
transactions

2.

Post transactions

HCS412302
Posting transactions

3.

Prepare trial balance

HCS412303
Preparing trial balance

4.

Prepare financial
reports

Preparing financial
HCS412304
reports

5.

Review internal control

system

Reviewing internal
HCS412305
control system

HCS412301

Code

MODULE CONTENT
UNIT OF COMPETENCY

PREPARE FINANCIAL REPORTS

MODULE TITLE
SINGLE PROPRIETORSHIP

PREPARING FINANCIAL REPORTS FOR

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:
1. Prepare financial statements
2. Analyze financial statements

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
5. Financial Statements are analyzed in accordance with prescribed
format.
6. 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