Introduction
INTRODUCTION
FINANCIAL STATEMENT OR FINANCIAL REPORT is a written report on the financial condition of the enterprise. It is a source document of an enterprise and the top management to know the financial health and stability of the business and for them to render a fair and honest to goodness opinion. EARNING PROFIT are the main objective of every Business Enterprise and we can only attain these through reliable financial report with analysis and interpretation for the investors/shareholders business plan and decisions. .
This WEBQUEST is designed to help the 10th year High School students to create/prepare financial statement , their tasks to analyze and render opinion on the financial condition of a Manufacturing Enterprise. They will make a research on how to prepare a financial statement, the step by step procedures, the analysis, the methods to be used, and the importance of financial statement in the business world.
Task
T A S K
Every student will be required to prepare a one quarter financial statement for them to render an opinion on the financial condition of the enterprise and for the top management basis of decision making. They will make a research on how to prepare a financial statement , the step by step procedure, the analysis, the methods to be used, and the importance of financial statement in the business world.
Process
P R O C E S S
You can visit the following web resources listed below and other textbooks to guide you in the tasks given:
biztaxlaw.about.com/od/glossaryf/a/finstatement.htm
www.entrepreneur.com/encyclopedia/financial-statement
www.investorwords.com/1957/financial_statement.htm/
www.busienssdictionary.com/definition/financial-statement.htm/
www.accountingcoach.com/terms/F/financial_statements
http:||accountinglearning.blogspot.com/2009/10/externalusers-of-accounting.htm|
www.quiskmba.com/accounting/fin/statements/
en.wikipedia.com/wiki/Financial_statement#Purpose-of-financial-statement-by-business-entities
en.wikipedia.prg/wiki/Financial_statement_analysis
www.amazon.com/exec/obidos/ASIN/1564143414/quickmba
FUNDAMENTALS OF ACCOUNTING BY: FLOCER LAO ONG
Evaluation
EVALUATION
The output of every student will be evaluated through the rubrics provided below:
DESCRIPTION EXCELLENT VERY GOOD GOOD
Reliability of Work Informations were Informations were Incomplete informations
20 % complete and properly complete but not and not properly
presented properly presented presented
Research Work Identified important Identified important Important details
20% details and well details but not were not identified
organized organized and not organized
Presentation of Well organized and well organized and not organizeand
Report properly presented properly presented not properly presented
50 % report report report
E f f o r t Done actively and Done actively but less effort exerted
10 % with dedication no dedication
Conclusion
CONCLUSION
Presently, with our modern world of technology, preparation of financial statement can be computerized thus minimized manpower , make it easier, quickly, and reliability still maintained. Almost 80% of our Business Enterprise adopt the computerized accounting system for quick result.
Credits
CREDITS
MARIVON A. SUDAYAN is a student of University of Nueva Caceres Teacher Certificate Program. She is a graduate of BS- Accountancy and took up TCP to discover new opportunities in teaching profession.
This Web Quest was developed as part of her EDUCATION TECHNOLOGY requirements.
This Web Quest was created in Create Web Quest.
Teacher Page
TEACHER'S PAGE
This Web Quest is intended to help 10th year High School students to be familiarized in the accounting field of specialization and be able to create/prepare a simple and reliable financial statement.