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Are you a student who's planning to pursue a business related career in the future? Accountancy, Business and Management is the perfect academic strand you must take.
The Accountancy, Business, and Management (ABM) Strand would focus on the basic concepts of financial management, business management, corporate operation, and all things that are accounted for.
ABM can also lead you to careers on management and accounting which could be sales manager, human resources, marketing director, project officer, bookkeeper, accounting clerk, internal auditor, and a lot more.
Academic subjects will equip you with skills in statistics, economics, and accounting fundamentals. It will also help you prepare for your college classes with baseline knowledge on management, marketing, and business ethics.
ABM subjects isn't easy, but it is also not hard as you think. They will offer you knowledge, experience, and fun memories. First of all, what are specialized subjects? They are subjects that are unique to the career track or learning strand that are the student chose. There are similar to the major subjects that college students take, although they're designed to be less complex than their college counterparts.
Come and let us explore the specialized subjects of ABM.
Fundamentals of Accountancy, Business, and Management 1 (FABM1)
This is an introduction to accounting, business, and manaement data analysis that will develop students appreciation of accounting as a language of business and an understanding of basic accounting concepts and principles that will help them analyze business transactions.
This subject discusses the accounting cycle for a service business and a merchandising business of a sole proprietorship. This includes journalizing of transactions, posting to the ledger, preparation of a trial balance, preparation of adjusting entries, worksheet preparation, and completing the cycle.
Fundamentals of Accountancy, Business and Management 2 (FABM2)
This deals with the preparation and analysis of financial statements of a service business and merchandizing business using horizontal and vertical analysis and financial ratios. Knowledge and skills in the analysis of financial statements will aid the future entrepreneurs in making good economic decisions.
This subject deals with the preparation of basic business forms and documents that includes bank transactions, and preparation of a simple bank reconciliation statement. Integration of information technology in accounting will also be introduced. The students will prepare an accounting practice set that requires the application of learning in the first three accounting subjects.
Applied Economics
This is an introduction to the application of economic principles to management of business organizations. It also covers familiarization with Philippine Industries as an aid to identifying potential business opportunities.
This subject covers analysis of industries and culminates in the preparation of a socio-economic impact study of a business venture.
Business Mathematics
This will provide an understanding of the basic concepts if mathematics as applied in business. It includes a review of the fundamental mathematics operations, using decimals, fractions, percentages, ratios and proportions; mathematics concepts and skills in buying and selling; computing gross and net earnings; overtime and business data presentation; and analysis and interpretation. The use of the computer and software applications for computation and data presentation is encouraged in this subject.
Organization and Management
This subject is designed to familiarize students with the basic concepts, principles, and processes related to business organization, and the functional areas of management.
Particular emphasis will be given to the study of management functions like planning, organizing, leading, and controlling, and to orienting the students on the importance of these functions and the role of each area in entrepreneurship.
Principles of Marketing
This subject deals with the principles and practices in marketing goods and services. It also focuses on the development of integrated marketing programs that will help grow businesses.
Business Ethics and Social Responsibilty
This subject deals with the fundamental concepts, principles, and practices of ethical standards in the business environment. It combines the theoretical foundations of setting up business enterprises in the context of personal accountability and social responsibility.
Business Finance
This subject deals with the fundamental principles, tools, and techniques of the financial operation involved in the management of business enterprises. It covers the introduction to money, finance, the Philippine financial system, financial analysis, financial planning and control, introduction to investments, and personal finance.
Using the dual learning approach of theory and application, each chapter and module engages the learner to explore all stages of the learning process from knowledge, analysis, evaluation, and application to preparation and development of financial plans and programs suited for a small business.
Business Enterprise Simulation
This subject integrates all the key concepts and progress of Accounting, Business and Management (ABM) as applied in real life activities following the business cycle: business opportunity research, product/service conception, business formation/organization, business implementation, business control, business liquidation, and management reporting in the context of ethical standard and social responsibility. Appropriate technologies will be used in a business enterprise.
Attached below is a video giving more information about the specialized subjects of accounting, Business, and Management.
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