UNIVERSIDAD DE PANAMA FACULTAD DE ADMINISTRACIÓN DE EMPRESAS Y CONTABILIDAD LICENCIATURA EN ADMINISTRACIÓN DE EMPRESAS TURÍSTICAS BILINGUE Program: Analytical subject I. General Data Name of the Subject: Basic Accounting I - Con 105 Department: Administración de Empresas Turísticas Code: Con.105 Semester: 1 Credits: 3 Total Hours: 64 theories: 32 Practice 32 Laboratory Prerequisite: None Professors responsible of the elaboration of the analytical program: Patricia Sánchez H. Date of preparation: August 1, 2011 Date of approval by the department: September 15, 2011 1
II. JUSTIFICATION: The accounting used by the enterprise for financial information and the indirect users of the internal operations, which are: stockholders, creditors, government, and others, Allow them to use techniques and accounting principles through compilation and records of financial operations of the enterprises. The business administrator needs to know or learn about the process of financial information, its analysis and interpretation. This knowledge can be used to verify the quality of the financial reports that will be used to make decisions. III. DESCRIPTION: This course is organized in modules properly related, oriented to strengthening the basic knowledge of accounting that middle-level students brings and to prepare them to continue their preparation in accounting II, whose content is more advanced.. The proper administration of the accounting tools, used with technology in the records of the financial statements information will be of great use or benefit in every business progress. IV. COMPETENCE: 1. Core competencies: Use of the language as a tool for oral and writing communication. Be persevering in the language. Choose the appropriate techniques to make accounting entries and interpret the information received to make decisions. Organize time and tasks Autonomy and personal initiative 2
2. Generic competencies: Capacity for abstraction, analysis and synthesis. Discusses the basic concepts of accounting. Recognize and apply the basic Accounting Principles and International Standards. Identifies, establishes and resolves problems. Knows the area of study and profession. Skills in the use of information and communication technology Ability to apply such knowledge, 3. Specific competencies: Analyze and register accounting and financial information Applies different methods and procedures for the accounting records. Record taxes applied to organizations. Prepares the basic financial statements. Understand the information of the financial statements. 3
. V. ANALYTICAL PROGRAMMING Module No.1 Title: Concepts, Professional Performance and Accounting Standards Hours: 4 Theory 2 Practice 2 Module Competencies: 1. Recognize the importance of accounting in the different types of business. 2. Analyzes the importance and reaches of accounting in the management of business. 3. Give a complete vision of financial accounting Sub-Competencies Contents Teaching strategies/resources - Recognize the Exposure through dialog with importance of accounting the students. in the different types of business. Recognize the difference between Managerial Accounting and Financial Accounting General Aspects 1. Importance of Accounting in the world of business 2. Accounting incidence in the world in which we live 3. Accounting as science and arts 4. Managerial and Financial Accounting 5. Standards and Generally Group Dynamic Discussion Review and feedback of what has been explained EVALUATION Diagnostic: Dialog in interrogation form. Participation scale Formative: Workshops Oral presentations 4
Enumerate the standards and principles that we apply in the accounting process accepted Accounting Principles Practices in classes Homework Summative: Summaries 5% research V. ANALYTICAL PROGRAMMING Module No.2 Title: Methods and Procedures of Accounting Records Hours: 12 Theory 6 Practice 6 Module Competencies: 1. Analyses accounting terms, principles and rules 2. Resolves accounting entries related to the information Sub-Competencies Contents Teaching strategies/resources EVALUATION Identify the permanent 1. Accounts of Exposure through dialog with the accounts financial Statements students Identify Nominal or temporary Accounts Relates and recognizes the permanent accounts and nominal. Prepares financial 2. Permanent Accounts 2.1 Assets 2.2 Liabilities 2.3 Equity 3. Temporary Accounts 3.1 Revenues 3.2 Costs Form small groups in the classroom to resolve problems of quantitative models Individual exercises Practices in classes Assign exercises and short problems Diagnostic: Dialog in interrogation form. Participation scale Formative: Workshop Oral Presentation 5
statements and demonstrates the importance of information 3.3 Expenses 4. Accounting Chart Individual counseling, Feedback on the results Summative: Written Test Summaries research V. Analytical Programming Module No. 3 Title: Basics and Subsidiary Books Hours: 8 Theory 4 Practice 4 Module Competencies: 1. Develop techniques for accounting to register accounting entries 2. Resolves transactions Sub-Competencies CONTENTS Teaching strategies/resources EVALUATION Identify single proprietorship and corporations Distinguish difference between official bookkeeping and subsidiary accounting books 1. Business Organization: 1.1 Single proprietorship 1.2 Corporations 2. Official Books: 2.1 General Journal 2.2 Ledgers 2.3 Stocks Recording Exposure through dialog with the students. Exposition with examples Presentation of Practical Problems Presentation of problems Explanation of problems Feedback Solutions Diagnostic: Dialog in interrogation form. Participation scale Formative: Workshop Problems solution Oral Presentation 6
3. Opening Entries 3.1 Subsidiary books 3.1.1 Purchase 3.1.2 Sales 3.1.3 Revenues Complimentary Explanation Summative: Written Test Summaries V. Analytical Programming Module No.4 Title: Sales Tax Accounting (ITBMS) Hours: 12 Theory 6 Practice 6 Module Competencies: 1. Analize commercial transactions for decision making 2. Resolves problems related with purchases and sales transactions Sub-Competencies CONTENTS Teaching strategies/resources EVALUATION Explain law No. 76 of December 22 1976 ITBMS (sales tax) Classify purchase and taxable and non taxable sales accounts Register in general journal commercial transactions 1. Business with purchase and sales operation 1.1 Financial transactions 1.2 Purchase 1.2.1 Taxabale 1.2.2 Non-Taxable 1.3 Sales 1.3.1 Taxable 1.3.2 Non-taxable Exposition with examples Presentation of Practical Problems Presentation of problems Explanation of problems Feedback Solutions Complimentary Explanation Review and feedback of the Diagnostic: Dialog in interrogation form. Participation scale Formative: Workshop Problems solution 7
1.4 Journalization 1.4.1 Register in Ledger 1.5 Trial Balance homeworks Oral Presentation Summative: Written Test Summaries V. Analytical Programming Module No.5 Title: Preparation and Presentation of Financial Statements Hours: 16 Theory 8 Practice 8 Module Competencies: 1. Understands the importance of Financial Statements 2. Understands and analyzes financial statements for decision-making Sub-Competencies CONTENTS Teaching strategies/resources EVALUATION Analyze adjustments 1.Entries: accounts.. Prepare Financial Statements for decisionmaking. 1.1 Adjusting entries 1.1.1 Inventories 1.1.2 Prepaid payments 2. Recording of Adjusting Entries 3. Closing Entries Brainstorming Discussion in classroom Practical Problems Problems Solution Practical exercise of Worksheet Diagnostic: Dialog in interrogation form. Participation scale Formative: Workshop Problems solution Oral Presentation 8
4. Presentation of Financial Statements 4.1 Balance Sheet 4.2 Income Statement and Retained Earnings 4.3 Detail of operation expenses 4.4 Cash Flow Statement Complimentary Explanation Review and feedback of the homework s Summative: Final Exam BIBLIOGRAPHY BOOKS: HORNGREN, Charles T., FINANCIAL ACCOUNTING, 8 th Edition, Prentice Hall, 2010 HORNGREN, Charles T., PRINCIPLES OF ACCOUNTING I AND II, 9 th Edition, Prentice Hall, 2011 KUMER, Jones INTRODUCTION TO ACCOUNTING, Prentice Hall, 2009. REIMER, Jane L., FINANCIAL ACCOUNTING, 3 rd Edition, 2010 WERNER, Michael FINANCIAL ACCOUNTING, 2 nd Edition, 2009. INTERNATIONAL ACCOUNTING STANDARDS No.1 LAWS: 9
DECRETO EJECUTIVO No.143 de 27 de octubre 2005 DECRETO EJECUTIVO No. 85 del 26 de agosto de 2005 LEY 45 14 de noviembre de 1995 LEY 75 22 de diciembre de 1976 (ITBM) DECRETO EJECUTIVO No.7 de 12 de enero de 1996, que reglamenta la ley 45 Norma de Contabilidad No.1 10