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VISION

In pursuit of perfection, the University of Baguio is committed to provide balanced quality education by nurturing academic excellence, relevant social skills and ethical values in a fun learning environment.

MISSION

The University of Baguio educates individuals to be empowered professionals in the global community.

INSTITUTIONAL OBJECTIVES (REVISED 2012)

The University of Baguio aims to produce a graduate who:

1. Exemplifies a higher standard of learning; 2. Manifest the mastery of relevant skills; 3. Upholds a conduct that is rightful and just; 4. Undertakes scientific and significant researches; 5. Advocates sustainable programs for the community and the environment; and 6. Leads and demonstrates exemplary performance in the field of specialization. B.

SCHOOL OF BUSINESS ADMINISTRATION AND ACCOUNTANCY MISSION

The University of Baguio educates individuals to be empowered professionals in a global community. The School of Business Administration and Accountancy edifies competitive and morally upright individuals.

OBJECTIVES The School of Business Administration and Accountancy, in an exuberant learning climate, aims to nurture a business graduate who:

1. Cultivates the knowledge, that are imperative for career success in a globalized setting; 2. Demonstrates relevant skills; 3. Utilizes macro-environmental acumen for economic growth and development; 4. Typifies professional integrity with humility; 5. Undertakes researches to promote systematic bases for business decisions; and 6. Models exemplary performance in business

1. School Objectives and Relationship to Institutional Objectives

SCHOOL/PROGRAM OBJECTIVES

P1. Cultivates the knowledge, that are imperative for career success in a globalized setting; P2. Demonstrates relevant skills; P3. Utilizes macro-environmental acumen for economic growth and development; P4. Undertakes researches to promote systematic bases for business decisions; and P5. Undertakes researches to promote systematic bases for business decisions; and P6. Models exemplary performance in business

2. Program Outcomes and Relationship to School/ Program Objectives

Program Outcomes

O1. Students graduate to become professionals imbued with high moral/ ethical standards. O2. Graduates are highly competitive with their acquired knowledge, skills and values in the practice of their profession. O3. Graduates are confident of their academic and industry preparations and the entry competencies learned to tackle the rigors of the business world. O4. Students can carry out researches that can be utilized in the community and in the business profession. O5. Students recognize their responsibility and accountability as professionals and as workers in the community. O6. Students become aware of and strive for their physical, mental and spiritual well-being. O7. Students are prepared to meet the needs and demands of global employment without losing the Filipino spirit. O8. Students become aware of their responsibility to the environment and participate actively in environmental programs.

3. Course Objectives and Relationship to Program Outcomes PROGRAM OUTCOMES Course O1 O2 O3 O4 O5 Objectives COGNITIVE DOMAIN C1 Know the √ √ √ √ generally accepted accounting principles, applicable to the recognition, measureme nt and statement presentation of liabilities and shareholder s’ equity; C2 Integrate √ √ √ √ and apply the generally accepted accounting principles to problem situations involving liabilities and shareholder s’ equity that are likely encountered in practice; C3 Learn the √ √ √ √ application of accounting principles and reporting practices about financial accounting problems and issues; C4 Integrate √ √ √ √ the application of the topics learned to situations most likely to be encountered in everyday life; C5 Develop a √ √ √ √ system for higher learning designed specifically in preparation for the CPA Licensure Examination s. AFFECTIVE DOMAIN C6 Develop the √ √ √ √ value of honesty, objectivity and perseveranc e; C7 Realize the √ √ √ √ contribution s of accounting standards or GAAP to the developmen t of more socially responsible and morally upright professional accountant; C8 Appreciate √ √ √ √ the role of financial accounting in meeting the informationa l needs of stakeholders as a basis for decision- making; C9 Appraise √ √ √ √ critically the role of Internationa l Accounting Standards in achieving harmonizati on of accounting standards throughout the world. PSYCHOMOTOR DOMAIN C10 Apply the √ √ √ √ principles and concepts of accounting which focus on equities and related revenue and expense items in the presentati on of financial and related informatio n to meet external and internal obligations ; C11 Apply the √ √ √ √ skills in systematic and logical problem solving; C12 Solve √ √ √ √ accounting problems within the minimum speed required in the CPA Licensure Examinati on; C13 Apply √ √ √ √ concepts and procedure s of advanced accounting in meeting the requireme nt of the course such as quizzes, group work, case studies, and other problem solving activities. 4. Pre-requisite ACCTNG1 Intermediate Accounting I

5. Course Description This course introduces the nature, functions, scope, and limitations of the broad field of accounting theory. The course covers the detailed discussion, appreciation, and application of accounting principles covering the liability and shareholders’ equity accounts. Emphasis is given on the interpretation and application of theories of accounting in relation to current and noncurrent liabilities, provisions, contingent liabilities and contingent assets, employee benefits, leases, income taxes and shareholders’ equity, including financial statement presentation and disclosure requirements.

6. Course Coverage Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 Conte nts/ Topic Cours 1 √ √ √ √ √ e Syllab us VMO Seat Plan Leveli ng of Expec tation s Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 Conte

I. 6 √ √ √ √ √ Revie w of Asset s  Cu

 No

o Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 Conte

II. 6 √ √ √ √ √ Curre nt and Non- curre nt Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 LiabiliConte ties (PFRS 9, PAS 32, PFRS 7, PAS 39)  Re

 Init

 Su

 Fin

III. 3 √ √ √ √ √ Provi sions, Conti ngent Liabili ties and Conti ngent Asset s (PAS 37) 1. Re

2. Me Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 Conte 3. Fin

FIRST 3 GRAD ING EXAM INATI ON IV. 5 √ √ √ √ √ Empl oyee benef its (PAS 19, PAS 26) 4. Sh

9. Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 ConteMe

10. Fin

V. 4 √ √ √ √ √ Lease s (PAS 17)  Cla

 Re

 Init

 Su

 Fin Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 VI.Conte 4 √ √ √ √ √ In co m e Ta xe s (P AS 12 )  Re

 Me

 Fin

MIDT 3 ER M EX A MI NA TI O NS Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 VII.Conte 6 √ √ √ √ √ Sh ar eh ol de rs’ Eq uit y (P AS 32 )  C o r p o r a ti o n  S h a r e h o l d e r s’ E q u it y  S h a r e C a p it Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 Contea l  L e g a l C a p it a l  T r e a s u r y s h a r e s  S t o c k R i g h t s  C o n v e rt i b l e b o Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 Conten d s a n d c o n v e rt i b l e p r e f e r e n c e s h a  D o n a t e d C a p it a l  A s s e s s m e Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 Conten t s o n s h a r e h o l d e r s  R e t a i n e d E a r n i n g  D i v i d e n d s  O t h e r C o m p o Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 Conten e n t s o f E q u it y  R e c a p it a li z a ti o n  S h a r e s p li t  Q u a si - r e o r g a n iz a ti o Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 Conten

VIII. 4 √ √ √ √ √ Sh ar e- ba se d Pa y m en ts (P FR S 2)  Re

 Eq

 Sh

 Ca

 Sh Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 Conte  De

IX. 3 Book Value Per Share  Pre

 Ou

 Su

 Par

X. 2 √ √ √ √ √ Earni ngs Per Share (PAS 33)  Learn No. of Hrs. Program Outcomes ing P2 P4 P6 O1 O3 ConteBa

 Dil

 Fin

FINA 3 L EXAM INATI ONS

Grading System: For Professional Board Examination Subjects: the cut-off score is 70%. The highest possible grade is ninety-nine (99); the lowest passing grade is seventy-five (75); and the lowest failing grade is sixty-five (65).

First grading Class standing = 70 % ; Exam = 30 % Midterms Class standing = 60 % ; Exam = 40 % ( Tentative Midterm Grade x 2 + First Grading ) / 3 = Midterm Grade Finals Class standing = 50 % ; Exam = 50 % ( Tentative Final Grade x 2 + Midterm Grade ) / 3 = Final grade

Textbook

Millan, Zeus Vernon B. (2012). Financial Reporting Theory and Practice (Intermediate Financial Accounting ) Volume 2. Quezon City: Central Book Supply, Inc. Book References:

Valix, Peralta, Valix. (2010). Financial Accounting Volume 2. Philippines: GIC Enterprises & Co. , Inc. COM 657 V173 2010 38087

Short, Libby, Libby. (2007). Financial Accounting: A Global Perspective 5th Edition. United States: McGraw Hill. COM 657 Sh559 2007 38247

Lam, Nelson and Lau, Peter. (2009) Intermediate Financial Reporting: An IFRS Perspective. US: McGraw Hill. COM 657 L213 2009 229811

Jones, Mowen, Hansen, Heitger, Rich. (2012). Financial and Managerial Accounting: The Cornerstones of Business Decisions 2nd Edition. US: Southwestern CENGAGE Learning. COM 657 F491 2012 45334

Reese, Warren. (2012). Principles of Accounting 24th Edition International Edition. US: Southwestern CENGAGE Learning. COM 657 R331 2012 45124 Powers, Needles, Crosson. (2011). Financial and Managerial Accounting Principles 9th Edition International Edition. US: McGraw Hill. COM 657 P588 2011 45568

Libby, Libby, Short. (2007). Financial Accounting 5th Edition. US: McGraw Hill. COM 657 L694 2007 37188

Robles, Nenita and Empleo Patricia. (2009) Intermediate Accounting Volume 2. Philippines: Millenium Books, Inc. COM 657 044 R666 2009 V2 29513

Websites References:

http://www.iasplus.com http://www.picpa.com.ph http://www.skousen.swcollege.com http://www.sec.gov.ph http://www.dlsu.edu.ph http://accounting.swlearning.com http://stice.swlearning.com http://www.numa.com/ www.mhhe.com

Syllabus Evaluation Committee:

Allyn Garibay Library Section Head for CRIM/LAW/COM/ICT

Ruby R.Buccat, MBA

Program Chair – Business Administration (OM / HRDM / MM/ FM)

Dr. Kareen B. Leon, CPA Dean, School of Business Administration and Accountancy