UNIT OF COMPETENCY Post Transactions CODE HCS412302 MNEMONIC PTR MODULE TITLE Posting Transactions MODULE DESCRIPTOR This

module covers the knowledge, skills and attitudes in posting transactions manually DURATION 17 hours LEVEL OF QUALIFICATION NC III PREREQUISITE None SUMMARY OF LEARNING OUTCOMES Upon completion of this module, the trainee should be able to: L1. Prepare Ledger. L2. Transfer journal entries L3. Summarize ledger L01. Prepare ledger. ASSESSMENT CRITERIA

Ledger for the list of asset, liability, and equity account titles are prepared in accordance with the Chart of Accounts Ledger for the list of income and expense account titles are prepared in accordance with the Chart of Accounts

CONTENTS

Accounting principles/Philippine Financial Reporting Standards Accounting equation Preparation of ledger for the list of asset, liability, and equity account titles in accordance with the Chart of Accounts Preparation of ledger for the list of income and expense account titles in accordance with the Chart of Accounts

L02. Transfer journal entries. ASSESSMENT CRITERIA Journal entries are transferred in chronological order. Postings are done with 100% accuracy. CONTENTS Transfer journal entries in chronological order Prepare postings with 100% accuracy

L03. Summarize ledger. ASSESSMENT CRITERIA

Debits & Credits for each ledger account are added correctly Balances are extracted with 100% accuracy.

CONTENTS

Add correctly Debits & Credits for each ledger account. Extract balances with 100% accuracy.
CONDITIONS The learner and trainer should have access to appropriate documentation and resources normally used in the workplace:

Workplace: real or simulated work area Appropriate tools and equipment Materials/supplies relevant to the activity Well ventilated and well lighted classroom, conducive to learning equipped with LCD projector, projection METHODOLOGIES screen,will and whiteboard; The module be delivered through:
Audio-visual aids. interactive discussions;

demonstration in the classroom utilizing visual aids and other teaching materials to gain the required attitude and
knowledge; and

practical application to acquire the required skills and competencies.

ASSESSMENT METHOD Take home reading assignments may also be given from time to time.

Assessment of learning outcomes includes written and oral scrutiny of the strength of trainee's understanding and
knowledge of the fundamentals and applications of this module.

Assessment must show that the candidate: o Prepared ledger o Transferred journal entries o Summarized each ledger account
Written quizzes and examination must be administered to check if the required learning outcomes are achieved. Recitation is encouraged through a scheme of problem and solution presentation of students. Demonstration with questioning must be given in order to simulate the activities, thus, ensuring the trainee's attainment of the required knowledge, skills, attitude and competency. The instructor must provide the exercises. Observation with questioning Portfolio assessment