Welcome to

Fundamentals of Accountancy, Business and

Management 2
STATEMENT
STATEMENTOF
OFCOMPREHENSIVE INCOME:
COMPREHENSIVE INCOME:
SERVICE BUSINESS
SERVICE BUSINESS

MRS. SHIELA A.
BAUTISTA
PNHS-Main, SHS Department
Fundamentals of Accountancy, Business and
Management 2
Prayer
Fundamentals of Accountancy, Business and
Management 2

QUOTE OF THE DAY

Fundamentals of Accountancy, Business and
Management 2

Click the virtual raise

hand if your group
number is called.
 GROUP 1 GROUP 2 GROUP 3 GROUP 4
DIGITIZED #3 DIGITIZED #3 DIGITIZED #3 DIGITIZED #3
1.Lunaba, Mitchelhan R. 1.ANGKAY, ALLEA BLANCA Q. 1.SOVERANO, NESLY R. 1.LAGUE, ARABELLA JOSELLE D.
2.STO. DOMINGO, REYMARK CEDRIC C. 2.SABILLA JR. RUEL B. 2.GUNGON, RACHELLE ANNE A. 2.LOPEZ, HANNA MAE O.
3.Borromeo, Ara Lei 3.TENIDO, KISELLE ALESSANDRA M. 3.VIDA, LIZZIE ASHLEY A. 3.VERANA, AIVY B.

DIGITIZED #4 DIGITIZED #4 DIGITIZED #4 DIGITIZED #4

4.CAPRICHO, SHANE D. 4.HERMO,VERMONT RAMON M. 4.PHUA, ANDREA G. 4.ATANACIO, SOPHIA ANNE NICA P.
5.PERALTA, JEZZAVHEL N. 5.SALVADOR, DJAEZARIE JOIE P. 5.CAMOCA, ELISHA C. 5.AZUELA, JESSA MAE S.

PRINTED #2 PRINTED #2 PRINTED #2 PRINTED #2

1.BENTURADO, JENNIFER B. LLANDRES MYCA PORRAS ALANO,JOSHUA R. BILANGEL, JOHN JAIRO G.
GATCHALIAN, JOSELITO II Milano,Evangeline B.

GROUP 5 GROUP 6 GROUP 7 GROUP 8

DIGITIZED #3 DIGITIZED #3 DIGITIZED #3 DIGITIZED #3
1.OMEGA, KENT EZEKIEL R. 1.YSAO, MA.LOURDES 1.GUIYAB, TRACEY KLARE G. 1.ELEVADO,GIECEL JANE A.
2.ALOC, LORIE JEAN S. 2.LUZAURA, SHARINA B. 2.TEJONES, LOVELY RHOJHEN HEART T. 2.LOBERIANO, CARL WENCI C.
3.SILVA, DIANE H. 3.Agdon, Je-ann C. 3.JERESANO, ANNA MAE P.
DIGITIZED #4
DIGITIZED #4 DIGITIZED #4 DIGITIZED #4 3.CAMACHO, DEMI-RAE A.
4.ARISCON JHUN LISTER PINCA 4.DELA CRUZ, KAYSEY NICOLE C. 4.AGUILA, BEBERLY E. 4.Carisma, George Gabrielle C.
5.PULGA, MARYAN MAE B. 5.Bucsit, Princess Anne M. 5.GARCIA, MA. ELENA O. 5.COLANA, ARNEL O.
6.MATIN-AO, PRINCESS JOY V. 6.CUARESMA, ALLEN BRIX B.
PRINTED #2 PRINTED #2
6.JARANILLA, IRENE H. PRINTED #2 PRINTED #2 6.OCHONDRA, CATHRINA PAULA EDEM
7.MARTINEZ KIMBERLY D. 7.DORMIENDO, HARVEY L. 7.ISO, JEMBOY MANABAT 7.Parado, Arjae V.
8.DACLIS, MARK RAIVEN Q. 8.ARTIGA, CHRISTOPHER JAN U.

GRADE 12 – ABM BEZOS

 GROUP 1 GROUP 2 GROUP 3 GROUP 4
DIGITIZED #3 DIGITIZED #3 DIGITIZED #3 DIGITIZED #3
1.DELA CRUZ, JHON PAUL G. 1.LASAY, DINA J. 1.Carreon, Kyla C. 1.TERENCIO, DEXTER C.
2.CHAVEZ, MICAELLA PAULA D. 2.MORENO, KATRINA SHANDI E. 2.LAUDE, STEPHEN CARL C. 2.TAPA, ALLYZA JOY L.
3.ONATO, ZHAIRA LYN A. 3.REYES, MARK REINIER Y. 3.CURAMENG, MIKYLA N. 3.LEDESMA, MERRY GRACE M.
4.WAPILI, STEPHANIE B.
DIGITIZED #4 DIGITIZED #4 DIGITIZED #4
DIGITIZED #4 4.VILLEGAS, RENICA LOURIELLE, C. 4.Untalan, Trisha Mae P. 4.CORTES, KATE ASHLEY, R.

PRINTED #2 PRINTED #2 PRINTED #2

PRINTED #2 5.PEREZ, JAMES D. 5.JAYAG, JENNIFER 5.TAMOR, BIANCA MAE F.
5.Tacuyo Ferdinand A 6.CABIGAO,GHIEZTER LYZIER G. 6.BAGASALA JOHNLLOYD G 6.DE LA CRUZ, MICHAELA T.
6.MARIÑO, TRISHA KHATE R. 7.ORACION,ALLIAH SHAIRA D.
7.SARMIENTO, RYAN P.

GROUP 5 GROUP 6 GROUP 7 GROUP 8

DIGITIZED #3 DIGITIZED #3 DIGITIZED #3 DIGITIZED #3
1.Viña, Marc Vincent A. 1.GUNDA, PAUL EVERARD LUIS B. 1.OBREGON, ANGELINA L. 1.DE LEON,DIMPLE SANTOS.
2.Manliclic Flone Villarante 2.Tamboong Rodelyn Rivera 2.Alarcon, Mark Anton A. 2.DATOR, RIZABELLA L.
3.TOLENTINO, MARIA JESSICA R. 3.MAQUILING, FELIZ ANN S. 3.CHAN,DIANE M. 3.SAN PEDRO, DANNA JHOY

DIGITIZED #4 DIGITIZED #4 DIGITIZED #4 DIGITIZED #4

4.Condes, Vin Joshua C. 4.ESCOTO, MYCA T. 4.Polizon, Maxinne Reemah B. 4.Tangian, Katrina Nicole

PRINTED #2 PRINTED #2 PRINTED #2 PRINTED #2

5.SUMIDO, SHERYL P. 5.JALMASCO, VYA 5.SOLIMAN, GRACE ANN R. 5.Toubas, Alice P.
6.MANUEL, CHRIZEL B. 6.TAN, MARK EIZEKLE L. 6.VELOS, ELMIE BABE 6.ROJO, KEANNA JENAH MAE R.

GRADE 12 – ABM VEKSELBERG

Fundamentals of Accountancy, Business and
Management 2
SHS 12 FABM2
MOST ESSENTIAL LEARNING COMPETENCY MODULE 2

At the end of this lesson, you will be

able to:1. Identify the elements of the SCI
and describe each of these items
for a service business
2. Prepare an SCI for a service
business using the single-step
approach.
K to 12 Most Essential Learning Competencies With Corresponding CG Codes
Fundamentals of Accountancy, Business and Management 2, Page 586
Code: ABM_FABM12Ic-d-5 & ABM_FABM12Ic-d-6
SHS 12 FABM2
SPECIFIC OBJECTIVES MODULE 2

At the end of this lesson, you will be

able to:
 Identify the elements of the SCI and
describe each of these items for a service
business
 Solve simple problems affecting the
Statement of Comprehensive Income for a
service business.
 Prepare SCI for a service business using the
single-step approach.
SHS 12 FABM2
MINE! MODULE 2

Directions: There are questions from previous module to answer. I will read the
questions twice and say “Go”. The first student to raise virtual hand and
recognized, the question is yours. Student who got the correct answer will get a
power up and 5 LOAL reward points. Winner will be stunned until after 3
questions.
SHS 12 FABM2
QUESTION NO. 1 MINE! MODULE 2

These are assets that are expected to be

converted to cash within a year, for
instance, cash, accounts/notes receivable,
inventory, and prepaid expenses.

CURRENT ASSETS
TAPA
SHS 12 FABM2
QUESTION NO. 2 MINE! MODULE 2

These are firm’s long-term debt that are

not due within a year or operating period,
such as, lease and bonds payable.

NONCURRENT LIABILITIES
CAMACHO
SHS 12 FABM2
QUESTION NO. 3 MINE! MODULE 2

SFP presentation where liabilities and

owner’s equity are listed BELOW the
asset section.

REPORT FORM
LAGUE
SHS 12 FABM2
QUESTION NO. 4 MINE! MODULE 2

This will help to identify as to whom and

what type of financial statement you are
reporting.

HEADING
MORENO
SHS 12 FABM2
QUESTION NO. 5 MINE! MODULE 2

It refers to outflow of assets that are

needed to operate the business.

EXPENSES
CHAN
SHS 12 FABM2
QUESTION NO. 6 MINE! MODULE 2

What accounts are involved in this business

transaction?

Received cash from clients on account.

DEBIT: CASH
CREDIT: ACCOUNTS RECEIVABLE DORMIENDO
SHS 12 FABM2
LET’S RECALL MODULE 2

ANSWER – SFP Account Form

GURPREET'S LAWN CARE AND SNOW REMOVAL
STATEMENT OF FINANCIAL POSITION
For Year Ended March 31, 2016

ASSETS LIABILITIES
Current Assets Current Liabilities
Petty Cash 200.00 Accounts Payable, Parent 600.00
Chequing Account 2,450.00 Tax Payable 550.00
Lawn Care Supplies 150.00
Total Current Assets 2,800.00 Noncurrent Liabilities
Bank 6,400.00
Noncurrent Assets
Snow Blower 1,000.00 Total Liabilities 7,550.00
Shoveling Equipment 65.00
Lawn Care Equipment 1,000.00 CAPITAL
Truck 8,000.00 Net Income 5,865.00
Total Noncurrent Assets 10,065.00 Owner's Capital 500.00
Owner's Drawing 1,050.00
Total Capital 5,315.00

TOTAL ASSETS 12,865.00 TOTAL LIABILITIES AND CAPITAL 12,865.00

JARANILLA
ISO
WAPILI
SHS 12 FABM2
LET’S RECALL MODULE 2

ANSWER – SFP Report Form

GURPREET'S LAWN CARE AND SNOW REMOVAL
STATEMENT OF FINANCIAL POSITION
For Year Ended March 31, 2016

ASSETS
Current Assets
Petty Cash 200.00
Chequing Account 2,450.00
Lawn Care Supplies 150.00
Total Current Assets 2,800.00

Noncurrent Assets
Snow Blower 1,000.00
Shoveling Equipment 65.00
Lawn Care Equipment 1,000.00
Truck 8,000.00
Total Noncurrent Assets 10,065.00

TOTAL ASSETS 12,865.00

LIABILITIES
Current Liabilities
Accounts Payable, Parent 600.00
Tax Payable 550.00
Total Current Liabilities 1,150.00

Noncurrent Liabilities
Bank 6,400.00

Total Liabilities 7,550.00

CAPITAL
Net Income 5,865.00
Owner's Capital 500.00
Owner's Drawing 1,050.00
Total Capital 5,315.00

TOTAL LIABILITIES AND CAPITAL 12,865.00

SHS 12 FABM2
LET’S UNDERSTAND MODULE 2

ELEMEN
TS OF
Statement of Comprehensive Income

SCI
SHS 12 FABM2
LET’S UNDERSTAND MODULE 2

SCI
Statement of Comprehensive Income
also known as income statement,
contains the results of the company’s
operations for a specific accounting
period in which positive result means net
income and negative result means net
loss.
SHS 12 FABM2
LET’S UNDERSTAND MODULE 2

REVENUE
Inflow of assets resulted from service
rendered.
EXPENSE
Outflow of assets that are needed to operate a
business REVENUE
ACCRUED CANJANDAB
Cash not yet collected after rendering a service CAMACHO 2X
ONATO
ACCRUED CUARESMA
Expenses were not yet paid but already
EXPENSE
SOVERANO – 2X
LOPEZ
incurred VERANA
HERMO
TOLENTINO
LEDESMA
SHS 12 FABM2
LET’S UNDERSTAND MODULE 2

HEADING TOTAL
REVENUE

VELOS
PERALTA
BUCSIT
BUSEL
TOTAL EXPENSES CARISMA
SHS 12 FABM2
LET’S UNDERSTAND MODULE 2

MORENO
VERANA
ONATO
STO. DOMINGO
GARCIA
LAUDE
DORMIENDO
SHS 12 FABM2
LET’S UNDERSTAND MODULE 2
SHS 12 FABM2
EXERQUIZ – ANSWER BY DOING MODULE 2

Shoulder up and down Jumping Jacks Squat

SHS 12 FABM2
EXERQUIZ – ANSWER BY DOING MODULE 2

If total expenses exceeds the

total revenue, the results will
Net Income be negative. It known as
QUESTION NO. 1

____________.

Net Loss

Income
SHS 12 FABM2
EXERQUIZ – ANSWER BY DOING MODULE 2

It refers to expense incurred

Expense but not yet paid in cash.
QUESTION NO. 2

Accrued Revenue

Accrued Expense
SHS 12 FABM2
EXERQUIZ – ANSWER BY DOING MODULE 2

It refers to rendered service to

Revenue clients but no collected cash
QUESTION NO. 3

yet.

Accrued Revenue

Accrued Expense
SHS 12 FABM2
EXERQUIZ – ANSWER BY DOING MODULE 2

Which of the following is/are

Revenue included in preparation of
QUESTION NO. 4

SCI?

Expense

Net Income/Loss
SHS 12 FABM2
LET’S CREATE MODULE 2

Group Activity
1. Using the worksheet of Gurpreet’s Lawn Green Care and Snow
Removal, prepare his Single-step Statement of Comprehensive
Income in 30 minutes using the https://
www.storyboardthat.com/ The best storyboard of a group will
receive 50 LOAL reward points.
2. Limit your storyboard in 5-10 scenes.
3. In this storyboard, present the total revenue, total expense, net
income/loss creatively. And, on the last scene, it should show
the SCI in single-step approach
4. Take screenshots of this activity for your documentation and
evidence of participation.
SHS 12 FABM2
Rubrics LET’S CREATE MODULE 2
SHS 12 FABM2
Breakout Rooms LET’S CREATE MODULE 2

Click to
choose your
Click here if you want
room
to ask questions.
number
SHS 12 FABM2
LET’S CREATE MODULE 2
SHS 12 FABM2
LET’S SUMMARIZE MODULE 2

GENERALIZATION
 Statement of Comprehensive Income
 Revenue, Expense, & Accrual
 Net Income & Net Loss

Identify the elements of the SCI and describe each of these

items for a service business.
Prepare an SCI for a service business using the single-step
approach.
ACCOUNTING 2