CHAPTER I The Problem and Its Background Introduction Accountancy Business and Management strand focuses on the benefits of subject learning areas under it such as Research For Daily Life, Oral Communication in context, General Mathematics, and English for Academic and Professional Purposes. These subject learning areas supports the benefits that future accountants can get as they take ABM Strand. It enables students as future accountants to apply in-depth knowledge into better performance and skills as a part of application process. This would indicate further insights in regards with the subject areas that will provide knowledge and learning with different departments. Students will gain advantages of those subject learning areas particularly with the application in process. Through this process, an ABM student would likely inherit and apply it with the way an individual live especially with the strategies used in the fundamentals of accounting. Research will provide information’s and facts about the benefits of Research for Daily Life as it supports the critical analysis and evaluation of ideas needed to support a certain study. This subject learning area under ABM strand focuses on the efficiently contextualization of ideas needed for effective generalization of the study. Thus it will be useful for accountants to deeply
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analyze a certain account and evaluate the quantity involved in accounting. Research for Daily Life engaged future accountants to deal with application process as it needs insertion of learning. This also includes the benefits of Oral Communication in-context in terms of communicating and effective deliberation of ideas. Accountants are usually involved with settlements and dealings that is why students should learn how to speak with confidence and authority. The study also introduces the benefits of General Mathematics as it supports student’s mental ability when it comes to analyzing and balancing. Accountants should deal with numbers because money takes prior variable in terms of accountancy. It is the reason why people invest and deal with other corporations, cooperative, and even small businesses. One last major subject focuses on English for Academic and Professional Purposes that helps students as future accountants to have an in-depth knowledge about the proper citations and preferences. It is necessary for an accountant to have citations especially when auditing involving some sites needed for insertion of values or involved variables in a certain account. Researchers will comprise information’s from trusted sources that will contribute insights in terms of developing the student’s critical thinking and logical reasoning as it empowers the student’s managerial skills. Accountancy Business and Management helps me shape my communication skills with others which are very essential in forming good relationships. It helps an individual to understand 2
the world of business as well as how to deal with the static changes happening in the economy. The world’s economy nowadays needs speciation in terms of evaluating and preserving valuables and juices of modern transaction. Money rotates as it revolves around trusted management and some are for business aspects. Accountancy plays a big role in the proper manipulation and organization of one’s business and even corporation relationships. Thus, without the study of accounting, an individual or an organization would have no basis or foundation upon which daily or long-term decisions could be made. For instance, the budgets for marketing activities, profit reinvestment, research and development, and company growth are from the work of accountants. In line with this study aims to provide information in the benefits of Accountancy Business and Management as a strand to Future Accountants. This strand focuses on learning the basic concepts of business and learning associated skills in other related fields like finance, management, corporate and operations. This strand is under the Academic track of Senior High School as a part of K-12 Curriculum under the Department of Education. Moreover, it is also a flexible course allowing students to study the fundamentals of accounting and business management with the option to then focus more deeply in other field. Moreover, this research would likely help those students who want to take Accountancy Business Management as their strand in Senior High School. This 3
also aims to give emphasize the benefits of taking Accountancy Business Management that they can use in the field of work specifically in accountancy. Furthermore, this research aims to practice proper time management as Accountancy Business Management involves process of dealing something on time. Time Management is the process of planning and exercising conscious control over the amount of time spent on specific activities especially to increase effectiveness, efficiency or productivity. Wherein, a student can learn different strategies to have a healthy management of the things around him or her. Thus, that practice would likely help them to extend more time doing significant things instead of wasting it sometimes. Accounting needs efficient time in order to review audits clearly and with neatness. Through time management, it will not be that too hassle when it comes in working and dealing with computations. Moreover, Accountancy Business Management could provide insights about the solution on how to calculate accounts without doubt. Data entered in an accounting system is verifiable data, not opinions or wishes. Accounting information is unbiased. Thus, data entered in the system is based on purposed and supported by liable resources. In connection to this, effective sources about the benefits of taking ABM strand to future accountants focuses with advantages and its effects. In line with this, the study of Accountancy Business Management assures the future of an individual as it supports lifelong certainty in one's own liabilities appropriate for financial and strategic decisions about their accounts. Future accountants will
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have the chance to have deep insight about organizing own liabilities that he or she can use in the following years. It will lead them to have plan and proper management of their own possession. Furthermore, this study will explore and discuss by the students in the future. Thus, it supports the highly competitive accountants foreign and local. Wherein, ABM will not only enhance an individual’s skills but also his or her critical thinking which is very needed in the field of accounting as it succours evaluation and analysis of accounts individually or in a group. Accountancy Business and Management helps and teaches me to be globally competitive enough and fill up the emptiness that will help us achieve success.
Statement of the problem
Accounting doesn’t stop along as money makes it go round, the world will need its accountants who will evaluate, compute, and analyze financial accounts. Therefore, studying Accountancy Business Management succours future accountants and finance professionals have to move with the times and stay upto-date, but the profession is unlikely to expire anytime soon. Because of its longterm assistance, Accountants would reach their visible and transparent connection with their own commitment when it comes in verifying account especially in terms of financial and one that involve valuables.
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This study aims to identify and explain the benefits of Accountancy Business and Management Strand to future accountants. This study targets to answer the subsequent questions: 1. What are the subject areas under Accountancy Business and Management Strand that will help students as to future accountants? 2. What are the possible benefits of these subject learning areas under Accountancy Business and Management to future accountants? 3. How does knowledge can translate into better performance and skills as a part of application process?
Conceptual Framework This study comprises the benefits of Accountancy Business and Management Strand to future accountants. The researcher used IPO model to demonstrate the connection of different variables involved in the study. The variables include the different subject areas under ABM Strand such Research for Daily Life, Oral Communication, General Mathematics, and English for Academic and Professional Purposes. Another variables includes the benefits of those subject areas under ABM Strand. Lastly, suggestions will be provided.
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Conceptual Paradigm
ABM Subject Areas: *Research for Daily Life
*Oral Communication
*General Mathematics
*English for Academic and Professional Purposes
Benefits of each Subject Areas: Provides application of everyday living through generalization Enhances an individual’s way of communicating and deliberation of ideas. Develops mental ability in terms of analysing and balancing. Develops and improves grammatical aspect of a certain sentences or thought.
Suggestions
Scope and Delimitation of the Study This study aims to provide broader knowledge about Accountancy Business and Management as strand in senior high school. The focus of this research is to study the benefits of Accountancy Business and Management Strand to future accountants. Only those grade 11–ABM students in Holy Family Academy S.Y 2017-2018 is the target participants in this study.
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This research is only focused on the advantages of Accountancy Business and Management Strand to the students, specifically to those future accountants. The research also provides further understanding on how to apply all the leanings from the subject areas under ABM strand into real life setting. This study is delimited by the sources of information and data from the researcher’s need. It solely focuses on the possible benefits of the different subject areas under Accountancy Business and Management that will likely help future accountants for further information and in-depth understanding of this strand. The study does not cover the effective strategies of an accountant. It solely focuses on the possible advantages a student can gain if they will take the strand. Those students who are not taking Accountancy Business and Management strand are not involved.
Significance of the Study The purpose of this study is to determine the benefits of Accountancy Business and Management Strand to senior high school specifically to future accountants. This study sought to establish the advantages of ABM as a strand in K-12 Curriculum on school connectedness among secondary school students. The study found out that are benefits that students can get if they take ABM as strand in senior high school especially to those students who want to enter into
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the field of Accounting. This will give in-depth knowledge and assistance for those students engages in studying ABM. The researcher will comprise information from trusted sources that will contribute insights in terms of developing the student’s critical thinking and logical reasoning as it empowers the student’s managerial skills. Accountancy Business and Management Strand will shape student’s communication skills with others which are very essential in forming good relationships. It helps an individual to understand the world of accounting as well as how to deal with the statistic changes happening in the country. This study is significant in different ways: For Students. This study is essential to all the students especially to those future accountants because they will know the different benefits of taking Accountancy Business and Management as strand in senior high school. This study will also provide further insights in regards with subject areas that will provide knowledge and learning with different departments. Students will gain advantages of those subject learning areas particularly in application process. Through this process, an ABM student would likely inherit and apply it with the way an individual live especially with strategies used in the fundamentals of accounting. For Teachers. This study is vital to the teachers because they can guide and motivate their students to apply all the knowledge and learning that they’ve learned in different subject areas specifically under ABM strand that will help the students when they enter into the field of accounting.
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Definition of term The following words will help you to better understand and comprehend this study: Accountancy- It is the main duty of an accountant that relies on evaluating accounts. Business- It is an individual’s in demand profession and job. Management- refers to the control and regulation of things and even the participants involve. Accountancy Business and Management- It refers to a strand particularly the study of accounting and business that deals with different subject learning areas under K-12 Curriculum. Research for Daily Life- it refers to a subject learning area under ABM Strand that focuses on the investigation and self-learning process of research. English for Academic and Professional Purposes- it refers to the subject learning area under ABM Strand that focuses on the deep understanding of English proficiency. Oral Communication- It refers to a subject learning area under ABM Strand that focuses on the mere expression of one’s self towards the communication and relationship between things.
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General Mathematics- It refers to a subject learning area under ABM Strand that focuses on the evaluation of an equation and deep analysis of a certain thing. Finance- it is the manipulation and management of money or any valuable assets. K-12 Curriculum- covers Kindergarten and 12 years of Basic Education [Six (6) years of primary education, Four (4) years of Junior High School, and Two (2) years of Senior High School (SHS)] to provide sufficient time for
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development of learners skills and performance. Accounting information- is a system of collecting, and evaluating data taken by the accountants to ensure the process of regulation. Liabilities- the state of being responsible for something and somewhat connected to accountability. Possession- It is an act of owning something especially valuables and accounts.
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