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Entrep12_Q1_Mod10_Bookkeeping_v1.docx - 12 Entrepreneurshi...

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12EntrepreneurshipQuarter 2 – Module10 BookkeepingThis instructional material was collaboratively developed andreviewed by educators from public and private schools, colleges, anduniversities. We encourage teachers and other education stakeholders to email there feedback, comments, and recommendations tothe Department of Education at action @deped.gov.phWe value your feedback and recommendations.Department of Education ● Republic of the Philippines
ACER1What I Need to KnowWelcome to this module. In this module you will learn how to record businesstransactions, generate financial information and communicate them to different users.This is your tool to keep track of the operations of your business, know how muchshould you collect, determine your capability to meet the currently maturingobligations, know the levels of your profitability, cash position, and communicate themto management and other interested parties such as the Bureau of Internal Revenueand Local Government Unit for tax and regulation purposes.This module is divided into four lessons:Lesson 1 – Perform bookkeeping tasksLesson 2 – Prepare an income statement and a balance sheet,Lesson 3 – Identify where there is a profit or loss for a business, Lesson 4 –Interpret financial statements (balance sheet, income statement),cash flowprojections, and summary of sales and cash receiptsTo be able to completely learn this module, you need to know and understandthe basic concepts of bookkeeping and apply the same by performing bookkeepingtasks, prepare income statement and balance sheet, interpret financial statements,identify whether the business is profitable or not and most importantly, you will beableto generate overall report on the company’s financial status.ACER2
What I KnowBefore starting with this module, let us evaluate what you already know aboutbookkeeping by answering the pre-assessment questions below.TEST I – Multiple Choice:Identify the correct answer among the given choices. Inyour answer sheet, write the letter only.

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Term
Fall
Professor
NoProfessor
Tags
Balance Sheet, Generally Accepted Accounting Principles, Acer

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