Includes references.

"Learning to Succeed in Business with Accounting Volume 2 is designed as a textbook material in introductory accounting for Senior High School, especially for Grade 12 students. In line with the objective of the Senior High School under the Accountancy, Business and Management (ABM) strand to prepare students for careers in business related fields to make them ready in dealing effectively with the challenges they will face as business professionals and responsible citizens, this books was written utilizing the Outcome-Based Education (OBE) paradigm. Presentations and discussions of various accounting concepts and frameworks are simplified to provide the reader with an initial working knowledge on the different steps of the accounting cycle for a sole proprietorship form of business. Emphasis is given to various financial reports, and at the same time, to the development of the procedural bookkeeping skills. A unit is dedicated for financial statement analysis and interpretation for students to understand the basic frameworks underlying horizontal analysis, vertical analysis, and financial ratios to test the level of liquidity, solvency, profitability, and stability of the business. Basic lessons on income and business taxation is also included for students to learn and understand sound principles of taxation and its purpose".

English text.