The Accounting, Bookkeeping, and Tax Compliance for MSMEs (ABCs for MSMEs) is a micro‑credential program designed to equip non‑accountants, entrepreneurs, and finance support staff with essential and practical competencies in accounting, bookkeeping, and basic taxation. Grounded in real-world MSME scenarios, the program blends foundational accounting concepts with hands-on exercises, guided problem-solving, and simplified tools appropriate for small and growing enterprises.

Throughout this 40-hour intensive training, participants will learn the complete accounting cycle for both service and merchandising businesses—from transaction analysis and recording to financial statement preparation and closing processes. The program also strengthens financial management capabilities through modules on cash controls, bank reconciliation, and financial statement analysis.

A key feature of the program is the integration of income and business tax concepts and compliance, enabling participants to understand tax obligations, prepare basic tax computations, and complete essential filing requirements.

Designed using an innovative and learner-centered approach, this training ensures that participants gain practical, immediately applicable skills that enhance financial management, regulatory compliance, and informed business decision-making.

This micro‑credential course provides non‑accountants with a comprehensive and structured introduction to accounting, bookkeeping, and basic taxation for service and merchandising businesses. Participants will develop a solid understanding of accounting principles, concepts, and processes, alongside practical skills in maintaining books of accounts and preparing financial reports.

The course systematically guides learners through the accounting cycle, including transaction analysis, journalizing, ledger posting, trial balance preparation, adjusting and closing entries, worksheet preparation, and financial statement construction. For merchandising operations, emphasis is placed on special journals, inventory systems, VAT applications, and the voucher system as part of internal controls.

In addition, the program introduces income and business taxation, covering taxpayer identification, computation of taxable income, allowable deductions, and basic compliance procedures such as preparation of tax forms and understanding filing requirements.

The course concludes with modules on cash control systems and financial statement analysis using key analytical tools and ratios.

Upon completion, participants earn a micro‑credential certificate signifying their enhanced ability to manage accounting records, comply with tax regulations, and use financial information for effective business decision-making.

By the end of the program, participants will be able to:

Foundations of Accounting

• Explain the importance of accounting in business and understand core accounting principles, concepts & elements, and terminologies.
• Identify, prepare, and properly use accounting books and business documents.
• Apply the accounting equation and construct a functional chart of accounts aligned with MSME transactions.

Accounting Cycle – Service Business

• Analyze business transactions and record them accurately through journalizing.
• Post journal entries to the appropriate ledgers and prepare a trial balance.
• Prepare adjusting entries, worksheets, financial statements, closing entries, and post‑closing trial balances for a service business.

Accounting Cycle – Merchandising Business

• Distinguish the concepts unique to merchandising operations, including sales, purchases, freight, discounts, VAT, and inventory methods.
• Record merchandising transactions using special journals and post these to the appropriate ledgers.
• Prepare the Income Statement and Statement of Financial Position for merchandising businesses.
• Complete the full accounting cycle for merchandisingenterprises, including trial balance preparation, adjustments, financial statements, closing entries, and post‑closing procedures.
• Apply the voucher system as part of internal control and transaction documentation.

Cash Controls & Internal Processes

• Implement cash control measures through bank reconciliation procedures and petty cash fund management.

Financial Statement Analysis

• Perform basic financial statement analysis using vertical and horizontal analysis.
• Compute and interpret key financial ratios to support MSME decision‑making.

Income Taxation

• Identify the income taxpayer and the applicable tax base.
• Compute the income taxpayer’s gross income.
• Perform basic income tax computations.
• Explain the income tax filing and payment process and other tax compliance requirements.

Business Taxation

• Discuss the concepts and different kinds of business taxes.
• Prepare basic business tax computations and supporting schedules.
• Accomplish essential tax forms and identify filing deadlines and requirements .

Micro‑Credential Achievement

• Demonstrate integrated competencies in accounting, bookkeeping, financial analysis, and tax compliance applicable to MSME operations.

• Learn the complete accounting cycle for service and merchandising businesses
• Understand bookkeeping, financial statements, and cash controls
• Gain practical knowledge in income and business taxation
• Practice using real-world MSME case studies and accounting templates
• Earn a micro-credential certificate upon completion
• No prior accounting background required

Schedule

• June 26 and July 3, 10, 24, & 31, 2026
• 8:00 AM – 5:00 PM
• 40-Hour Intensive Training Program

Who Should Join?

• MSME Owners
• Aspiring Entrepreneurs
• Bookkeepers and Accounting Clerks
• Operations and Admin Staff Handling Finances
• Cooperative and Community-Based Enterprise Staff
• Individuals interested in financial literacy and business management

Organized by

The School of Innovative and Flexible Learning and the College of Business Administration and Accountancy – Accountancy Department.

Participants will engage in:

• Interactive lectures
• Guided problem-solving exercises
• Real-world MSME case studies
• Accounting practice sets
• Simulation exercises
• Peer collaboration
• Performance-based assessments

By the end of the program, participants will complete:

• Accounting cycle workbook
• Journal and ledger samples
• Financial statements
• Financial statement analysis summary
• Properly accomplished BIR forms

Participants who successfully complete the required outputs and demonstrate practical competence in bookkeeping, financial statement analysis, cash controls, and tax compliance will receive a micro-credential certificate recognizing their enhanced business finance competencies.

Take the next step toward smarter financial management and business growth through the ABCs for MSMEs Micro-Credential Program.

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