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
!. "xemplifies a higher standard of learning#
$. %anifest the mastery of relevant skills#
&. Upholds a conduct that is rightful and 'ust#
(. Undertakes scientific and significant researches#
). *dvocates sustainable programs for the community and the environment# and
+. ,eads and demonstrates exemplary performance in the field of speciali-ation.
.ourse /umber
AUDTGN2 (6 units)
0escription
Appli! Au!itin"
"ffectivity
#i$st S%st$ S& 201' ( 201)
0ate 1evised
M*+ 2,- 201' 2age ! of 3
SC.OOL O# BUSINESS ADMINISTRATION AND ACCOUNTANC& MISSION
The University of Baguio educates individuals to be empowered professionals in a
global community. The 4chool of Business *dministration and *ccountancy edifies
competitive and morally upright individuals.
OBJECTIVES
The 4chool of Business *dministration and *ccountancy, in an exuberant learning
climate, aims to nurture a business graduate who
!. .ultivates the knowledge, that are imperative for career success in a globali-ed
setting#
$. 0emonstrates relevant skills#
&. Utili-es macro5environmental acumen for economic growth and development#
(. Typifies professional integrity with humility#
). Undertakes researches to promote systematic bases for business decisions# and
+. %odels exemplary performance in business
CORE VALUES
!. 2rofessional "thics
$. Integrity
&. 6b'ectivity and Independence
(. 2rofessional .ompetence and 0ue .are
). .onfidentiality
+. 2rofessional Behavior
3. 7airness
8. Transparency
9. *ccountability
!:. ;ard <ork
!!. ;onesty
!$. 2atience
!&. 0iligence
!(. Innovativeness
!). 1isk5taking
1/ 0$1"$*% L*$nin" Out21%s (0LO) 3is(4(3is 0$1"$*% O562ti3s
0$1"$*% L*$nin" Out21%s
0ROGRAM
OBJECTIVES
01 02 0' 0) 07 06
O1/ 4tudents graduate to become professionals imbued with high moral= ethical standards.
O2/ >raduates are highly competitive with their acquired knowledge, skills and values in the practice of their profession.
O'/ >raduates are confident of their academic and industry preparations and the entry competencies learned to tackle the rigors of the business world.
O)/ 4tudents can carry out researches that can be utili-ed in the community and in the business profession.
O7/ 4tudents recogni-e their responsibility and accountability as professionals and as workers in the community.
.ourse /umber
AUDTGN2 (6 units)
0escription
Appli! Au!itin"
"ffectivity
#i$st S%st$ S& 201' ( 201)
0ate 1evised
M*+ 2,- 201' 2age $ of 3
O6/ 4tudents become aware of and strive for their physical, mental and spiritual well5being.
O8/ 4tudents are prepared to meet the needs and demands of global employment without losing the 7ilipino spirit.
O9/ 4tudents become aware of their responsibility to the environment and participate actively in environmental programs.
2/ C1u$s O562ti3s 3is(4(3is 0$1"$*% L*$nin" Out21%s
C1u$s O562ti3s
0ROGRAM OUTCOMES
O1 O2 O' O) O7 O6 O8 O9
COGNITIVE DOMAIN
.! "xplain the nature of auditing, the audit processes and audit planning# ? ? ? ? ? ? ? ?
.$ 0escribe the nature, documents and records, and specific audit processes for each transaction cycle. ? ? ? ? ? ? ? ?
.& 6utline the substantive procedures for assets, liabilities, equity and revenue and expense accounts. ? ? ? ? ? ? ? ?
.( Identify the process for completing the audit and reports presentation# ? ? ? ? ? ? ? ?
.) *pply the appropriate auditing practices and procedures to relevant situations. ? ? ? ? ? ? ? ?
A##ECTIVE DOMAIN
.+ Integrates the ethical provisions of conducting the audit# ? ? ? ? ? ? ? ?
.3 0isplays concern about the truthfulness or fairness of the information which the financial statements purport to represent# ? ? ? ? ? ? ? ?
0S&C.OMOTOR DOMAIN
.8 >ather evidences relevant to given audit ob'ectives and assertions# ? ? ? ? ? ? ? ?
.9 2repare the audit report appropriate for the team@s audit conclusion. ? ? ? ? ? ? ? ?
)/ 0RE(RE:UISITE *U0T/>!
7/ COURSE DESCRI0TION This sub'ect tests the student@s proficiency in applying audit standards, techniques, and procedures to a typical independent audit of a medium5si-ed
service, trading or manufacturing concern. 4tudent shall be able to plan and perform an audit, analy-e data for possible errors and irregularities, formulate ad'usting entries, resolve audit
issues, prepare audit working papers and complete the audit including the preparation of the audit report. In all the areas included, the student shall apply the 2hilippine 4tandards on
*uditing A24*B and other regulatory laws and regulations in effect during the study.
6/ DETAILED COURSE OUTLINE
.ourse /umber
AUDTGN2 (6 units)
0escription
Appli! Au!itin"
"ffectivity
#i$st S%st$ S& 201' ( 201)
0ate 1evised
M*+ 2,- 201' 2age & of 3
Sssi1n L*$nin"
O562ti3s ; G1*ls (SLO;G)
C1ntnt T1pi2 Out21%s B*s!
Mt<1!1l1"is;
St$*t"is =
App$1*2<s
L*$nin"
Out21%s
Ti%
All1t%nt
V*lus E3*lu*ti3
M*su$s
0RC TOS
To be able to recall the
essentials of an independent
financial statement audit
!. Basic .oncepts of 7inancial 4tatement
*udit
o /ature and 2urpose of 74 *udit
o %anagement *ssertions
o *udit 2rocess A1eviewB
2re5engagement
2lanning
Test of .ontrols
4ubstantive Testing
.ompletion of *udit
*udit 1eport
>roup activity
"ach group is tasked
to report on the
phases of the audit
process based on
memory of what
has been learned
in *U0T>/!
A*uditing TheoryB
1eview of the
*udit 2rocess
& hrs Integrity >roup
1eporting
To be able to identify errors
and the applicable
remedies for such errors
$. .orrection of "rrors
o "rrors and 7raud
o Types of "rror
.ounter5balancing errors
/on5counter balancing errors
2roblem 4olving
A*ctual .2* Board
2roblemsB
Identify errors and
applicable
remedies
+ hrs 6b'ectivity and
Independence
4eatwork
Cui-
To be able to identify the
necessary auditing
procedures needed for
auditing cash
&. .ash ,ibrary and Internet
1esearch
2roblem 4olving
A*ctual .2* Board
2roblemsB
*pply proper
auditing tools and
techniques in
auditing cash
!$ hrs *ccountability ,earning
.ontracts
4eatwork
Cui-
To be able to identify the
necessary auditing
procedures needed for
auditing receivables and
related revenues
(. 1eceivables and 1elated 1evenues ,ibrary and Internet
1esearch
2roblem 4olving
A*ctual .2* Board
2roblemsB
*pply proper
auditing tools and
techniques in
auditing receivable
s and related
revenues
!$ hrs 2rofessional
"thics
,earning
.ontracts
4eatwork
Cui-
7I14T >1*0I/> "D*%I/*TI6/ & hrs
4ubtotal &+ hours
To be able to identify the
necessary auditing
procedures needed for
auditing inventories and
related expenses
). Inventories and 1elated "xpenses ,ibrary and Internet
1esearch
2roblem 4olving
A*ctual .2* Board
2roblemsB
*pply proper
auditing tools and
techniques in
auditing
inventories and
related expenses
9 hrs ;ard <ork ,earning
.ontracts
4eatwork
Cui-
To be able to identify the
necessary auditing
+. Investments in 7inancial Instruments ,ibrary and Internet
1esearch
*pply proper
auditing tools and
!$ hrs 2rofessional
"thics
,earning
.ontracts
.ourse /umber
AUDTGN2 (6 units)
0escription
Appli! Au!itin"
"ffectivity
#i$st S%st$ S& 201' ( 201)
0ate 1evised
M*+ 2,- 201' 2age ( of 3
Sssi1n L*$nin"
O562ti3s ; G1*ls (SLO;G)
C1ntnt T1pi2 Out21%s B*s!
Mt<1!1l1"is;
St$*t"is =
App$1*2<s
L*$nin"
Out21%s
Ti%
All1t%nt
V*lus E3*lu*ti3
M*su$s
0RC TOS
procedures needed for
auditing investments in
financial instruments
2roblem 4olving
A*ctual .2* Board
2roblemsB
techniques in
auditing
investments in
financial
instruments
4eatwork
Cui-
To be able to identify the
necessary auditing
procedures needed for
auditing non5current
operating assets
3. /on5current operating assets ,ibrary and Internet
1esearch
2roblem 4olving
A*ctual .2* Board
2roblemsB
*pply proper
auditing tools and
techniques in
auditing non5
current operating
assets
!$ hrs 2rofessional
Behavior
,earning
.ontracts
4eatwork
Cui-
%I0T"1% "D*%I/*TI6/4 & hrs
4ubtotal &+ hrs
To be able to identify the
necessary auditing
procedures needed for
auditing liabilities
8. ,iabilities ,ibrary and Internet
1esearch
2roblem 4olving
A*ctual .2* Board
2roblemsB
*pply proper
auditing tools and
techniques in
auditing liabilities
9 hrs *ccountability ,earning
.ontracts
4eatwork
Cui-
To be able to identify the
necessary auditing
procedures needed for
auditing shareholders@
equity
9. 4hareholders@ "quity ,ibrary and Internet
1esearch
2roblem 4olving
A*ctual .2* Board
2roblemsB
*pply proper
auditing tools and
techniques in
auditing
shareholders@
equity
9 hrs 2rofessional
Behavior
,earning
.ontracts
4eatwork
Cui-
To be able to identify
necessary procedures to
complete the audit and
determine the required
opinion to be expressed
!:. .ompletion of *udit and *udit 1eport ,ibrary and Internet
1esearch
2roblem 4olving
A*ctual .2* Board
2roblemsB
Identify wrap
procedures to be
performed and
audit opinion to be
expressed
+ hrs 6b'ectivity and
Independence
,earning
.ontracts
4eatwork
Cui-
To be able to prepare audited
financial statements and
solve long problems
similar to .2* Board
"xaminations
!!. .omprehensive *udit of 7inancial
4tatements
,ibrary and Internet
1esearch
2roblem 4olving
A*ctual .2* Board
2roblemsB
2repare *udited
7inancial
4tatements and
4olve long
problems similar
to actual .2*
board
examinations.
9 hrs 2rofessional
.ompetence
and 0ue .are
,earning
.ontracts
4eatwork
Cui-
7I/*, "D*%I/*TI6/4 & hrs
.ourse /umber
AUDTGN2 (6 units)
0escription
Appli! Au!itin"
"ffectivity
#i$st S%st$ S& 201' ( 201)
0ate 1evised
M*+ 2,- 201' 2age ) of 3
Sssi1n L*$nin"
O562ti3s ; G1*ls (SLO;G)
C1ntnt T1pi2 Out21%s B*s!
Mt<1!1l1"is;
St$*t"is =
App$1*2<s
L*$nin"
Out21%s
Ti%
All1t%nt
V*lus E3*lu*ti3
M*su$s
0RC TOS
4ubtotal &+ hrs
T6T*, ;6U14 !:8 hrs
G$*!in" S+st%>
7or 2rofessional Board "xamination 4ub'ects the cut5off score is 3:E. The highest possible grade is ninety5nine A99B# the lowest passing grade is seventy5five A3)B# and the lowest failing grade is
sixty5five A+)B.
7irst grading .lass standing F 3: E # "xam F &: E
%idterms .lass standing F +: E # "xam F (: E
A Tentative %idterm >rade x $ G 7irst >rading B = & F %idterm >rade
7inals .lass standing F ): E # "xam F ): E
A Tentative 7inal >rade x $ G %idterm >rade B = & F 7inal grade
T?t511@ *n! RA$n2s>

TEBTBOOC
2atricia %. "mpleo. 2ractical *uditing $:!& edition. %illennium Books, Inc. $:!&
RE#ERENCES
.abrera, %a. "lenita B. *pplied *uditing. $:!: ed. %anila >I., c$:!:.
.abrera, %a. "lenita B. *ssurance principles, professional ethics and good governance. $:!:.ed.
*mir >handar, ed. *uditing, assurance and ethics handbook. *ustralia 2earson, c$:!$.
"vangelista, 1osalinda 0atu. *uditing theory for students and practice guide for auditors. &
rd
ed. %anila >I., c$::8.
>ramling, *udrey *. *uditing. *ustralia .engage, c$:!$.
Hnapp, %ichael .. *uditing .ases. *ustralia 4outh5<estern .engage ,earning, c$::9.
4alosagcol, Iekell >, *uditing Theory a guide in understanding the **4. pronouncements. $::9 ed. %anila >I., c$::9.
,am, /elson. Intermediate financial reporting an I714 perspective. 4ingapore %c>raw, c$::9.
2owers, %arian. 7inancial and %anagerial *ccounting 2rinciples, 9
th
ed. *ustralia .engage, $:!!.
.ourse /umber
AUDTGN2 (6 units)
0escription
Appli! Au!itin"
"ffectivity
#i$st S%st$ S& 201' ( 201)
0ate 1evised
M*+ 2,- 201' 2age + of 3
1eeve, Iames %. 2rinciples of *ccounting $(
th
ed. *ustralia .engage, c$:!$.
Internet sites
http==www.iasplus.com
http==www.picpa.com.ph
http==www.skousen.swcollege.com
http==www.sec.gov.ph
http==www.dlsu.edu.ph
http==accounting.swlearning.com
http==stice.swlearning.com
http==www.numa.com=
www.mhhe.com
0RE0ARED B&
ACC;TAB;BL GROU0
NOTED B&
MS/ ALL&N C/ GARIBA&
Assi"n! Li5$*$i*n
MR/ R.AD VIC #/ ESTO:UE- MBA- C0A
0$1"$*% C<*i$
A00ROVED B&
DR/ CAREEN B/ LEON- C0A
D*n- SBAA
.ourse /umber
AUDTGN2 (6 units)
0escription
Appli! Au!itin"
"ffectivity
#i$st S%st$ S& 201' ( 201)
0ate 1evised
M*+ 2,- 201' 2age 3 of 3