BY: Bernadine Eloisa H. Basbacio

Before I take an Accountancy and Business Management, I think my life would be easy because I knew mathematics, I know how to speak in english, and I know the subject may we encountered.

But I was wrong! All of my negative thoughts was wrong! And now, that I’m a graduating student taking course of ABM. I can say to myself that “I can make it”, “I can finish this course” and “I will graduate”. It’s normal for everyone to face struggles in life but it’s not normal if you would stay in that struggle. There are saying “Don’t STOP when you’re TIRED, STOP when you’re DONE”. So, don’t stop pursuing your plans. Don’t let ruin your plans in life because you’re stress on your paperwork’sVanirose

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Grade 12 student in STI College Lucena taking course of Accounting, Business and Management (ABM). At first, when I enrolled at STI and then fill-up some papers to took a strand of ABM and then when I encounter my major subjects; Business Math, Business and Organization, Statistical and Probability, Fundamentals of Accounting, Business and Management I and II, Business Finance. How to be me? there are some negative thoughts in my mind and bothering me, like; “What if I can’t make it?”, “What if I quit?”, “What if I don’t finish this journey?”.

But I didn’t expect that would be difficult because of our subjects that I cannot handle, I always cram when the projects are due. Being an Accountancy and Business Management was easy you are doing your job as a student a well discipline, cooparate and respect for others you will be a successful abm student. I am not discouraging you not to go for the course of abm, you know what I learn so many things how to handle my time so well so I can submit on the due date so that I am not cramming all the time.

Many of us wondering how to be a successful in life but some don’t figure it out. Seeing that personal success is availability or anyone who have persistent to become what I want to be. I consider my victory when I have those like happy, healthy, wealthy and do a meaningful work in life. I want to do something wonderful. To have a positive impact for others. Make a difference within the world. Over and over I found out that you may not success if you don’t have a motivational key. Instead the key of success is your own ability to get the very best of ourselves under almost all conditions and circumstances. It is our ability to change our lives . Deep reserves of potential and ability that is properly harnessed and channelled will enable to accomplish extra ordinary things with life.

Tips to overcome ABM strand:

1. Get organized – make a plan on what you are going to do and make sure you’re always ahead of time.

2. Divide it up- studying isn’t fun to begin with and forcing yourself to study it may worsen the situation. Dividing your work may lessen the work and manage it well.

3. Sleep- getting a good night rest will help you to sharpen your focus and sharpen your memory.

4. Take notes- jot down your notes not only to keep you engaged during the class, but it will also help you to be much easier to reread your notes than reading the whole text book.

5. Manage your space study finding a place pr room that will maximize your productivity and creativeness without any destruction.

6. Find a group study- siting down with a group asking questions that will clear after the answers from others. Study- obviously this is the best way so you don’t cram and study in different way for you to understand well.

7.Study- obviously this is the best way so you don’t cram and study in different way for you to understand well..Study- obviously this is the best way so you don’t cram and study in different way for you to understand well.

In Grade 11, it will discussed on MAJOR SUBJECT (Fundamental of Accountancy, Business and Management 1) what is Accounting Cycle. When your in grade 12, then, you will be encounter how to make an Accounting Cycle. So, an ABM student know what’s “Accounting Cycle” is. If you want to have a title “CPA” someday, then, take this road of Accounting! What is “Accounting Cycle” an accounting cycle is the collective process in identifying, analyzing and recording the accounting events of a company. Accounting Cycle

1. Analysis of Transaction

• A TRANSACTION is any event that involves goods, services or money changing hands. For the average person, a completed transaction simply means that something on their to-do list has een completed. To the accounting professional, a completed transaction is just the beginning of something even bigger. TRANSACTION ANALYSIS is the act of examining a transaction to decide how it affects the accounting equation. (Accounting Equation: ASSETS = LIABILITIES + OWNER’S EQUITY) I

2. Journal Entries

• This are the first step in accounting cycle and are used to reAs business events occur throughout the accounting period, journal entries are recorded in the general journal to show how the event changed in the accounting equation.

3. Posting

• This is the act of transferring information from the journal to the ledger. Posting is needed in order to have a complete record of all accounting transactions in the general ledger, which is used to create a company’s financial statements.cord all business transactions and events in the accounting system.

4. Trial Balance

• Trial balance is a list of the accounts and their balances at a given time, before any adjusting entries are made to create financial statements. The accounts are listed in the order which they appear in the ledger, with debit balances listed in the left column The totals of these two columns must match.

5. Adjusting Entries

• Adjusting entries are journal entries recorded at the end of an accounting period that alter the final balances of various general ledger accounts. These adjustments are made in order to more closely align the reported results and the actual financial position of a business. Adjusting entries follow the principles of revenue recognition and matching.

6. Financial Statement

• Financial statements can be prepared directly from the adjusted trial balance. A financial statement is an organization’s financial results, condition, and cash flow.

7. Closing Entries

• In the closing phase, temporary balances are reduced to zero in order to prepare the accounts for the next period’s transactions. This process empties the entity’s temporary accounts and deposits anything remaining into a permanent account. .

8. Post-Closing Trial Balance

• The post-closing balance consists only of assets, liabilities, and owners’ equity, also known as real or permanent accounts. This balance provides evidence that the company has properly journalize and accurately posted the closing entries.

BY: Jelly Anne Abelilla

ABM Track is a ticket to the corporate world. Through the subjects like Applied Economics, Business Ethics and Responsibility, Accountancy, Business Math, and Principles of Marketing, you are trained to think big. Those who complete this strand will play an important role in the corporate world. It will improve your knowledge about business and management. You will know more about business strategies through enhancement of the management. It will help you to boost ones skills in able to be ready in taking a higher education. Furthermore, to have a background about how to be a business leader or accountant someday. Also, this course will take you to a lot of opportunities after you graduate in this course, inside and outside in our country.

1.GOAL SETTER Being an ABM student should always strive for the best. They are positive thinker. They always keep their eye on the goal. Goals provide direction in your life and nurture your motivation Goals are like balancing the accounts; they get you from one point to another. Goals provide the direction you need to reach your destination.

2. ASSERTIVENESS ABM student always thinklogically,through their opinions. When they are deciding with regards in financial analysis, they weighting the factors and effects to the business base on the result.

3. CRITICAL THINKER They always ensure that all ideas are all balance base on their worth. They also consider the consequences and solutions to one factor. They weighing all the possible actions that should be done in the business.

4. PRACTICAL
ABM always consider the needs than their wants. Because they know how to manage money efficiently. They consider the savings than expenses.