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COLLEGE : RVR-COB DEPARTMENT: CCOUNTANCY

COURSE CODE : ACC520m


CLASS DAYS AND CLASS TIME : ROOM :
INSTRUCTOR NAME : FE VIOLETA G. BALURAN
CONTACT NO. :
CONSULTATION HOURS :

COURSE DESCRIPTION: This course introduces the students to the basic Accounting
principles and concepts used by business entities relevant to the accounting
records and systems, the accounting cycle, the nature of financial statements, the
treatment and control of liquid and long lived assets, and the tools of financial
analysis through ratios and funds flow statements, and understanding
consolidated financial statements.

LEARNING OUTCOMES (LO):

On completion of the course, the student is expected to be able to do the following:

ELGA LEARNING OUTCOME


Critical and creative thinker Discuss the definition, nature, and scope of accounting.
Identify and apply the basic principles, theories and
concepts underlying the preparation of financial
statements for a business entity whether it is a sole
proprietorship, partnership or corporation
Analyze business transactions of a business entity
whether it is a sole proprietorship, partnership or
corporation.
Determine the errors in journal, ledger and trial balance
Analyze cases related to the topics discussed.

Effective communicator Discuss the theories and the concepts applied to


the cases related to the topics that are being
discussed. .
Demonstrate acquired skills in performing the steps of
the accounting cycle.
Demonstrate acquired skills in applying the accounting
treatment for the situations/transactions in the cases
assigned and its effects in the financial statements

Reflective lifelong learner Relate accounting to other fields of discipline.


Apply accounting principles in the national and global
context.
Analyze business cases based on ethical and current
issues.
Value professionalism and business ethics in all aspects
of accounting work.
Develop the La Sallian values of faith, zeal for service, and
communion in mission, in learning basic skills in
accounting.

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Service-driven citizen Prepare the financial statements of a business
entity
Analyze the financial statements in terms of its
liquidity, profitability and stability
Determine the weaknesses and strengths of a
business entity based on analysis
Prepare recommendations on how to strengthen an
entitys financial position

FINAL COURSE OUTPUT:

As evidence of attaining the above learning outcomes, the student is required to do and submit the
following during the indicated dates of the term.

LEARNING OUTCOME REQUIRED OUTPUT DUE DATE


Case analysis and presentation Week 2
LO1: Discuss the definition,
nature, and scope of
accounting.

LO2: Identify and apply Case analysis and presentation Weeks 2 and 3
the basic principles,
theories and concepts
underlying the
preparation of financial
statements for a business
entity whether it is a sole
proprietorship,
partnership or corporation
.

LO3: Analyze business Case analysis and presentation Week 4


transactions of a business
entity whether it is a sole
proprietorship,
partnership or
corporation.

LO4: Determine the errors in Exercises Week 4


journals, ledgers , and Case analysis and presentation
trial balance

LO5: Analyze cases related to Case analysis and presentation


topics discussed

LO6:. Discuss the concepts


and theories applied to Case analysis and presentation
the cases related to the
topics being discussed

2
LO7: Demonstrate the Case analysis and presentation Week 4
acquired skills in Financial statements
performing the steps of
the accounting cycle
LO8: Demonstrate the Case analysis and presentation
acquired skills in Financial Statements
applying the accounting
treatment for
situations/transactions in
the cases assigned and
its effects in the
financial statements
LO9:Relate accounting to Case analysis and
other fields of discipline presentation
LO10: Apply accounting Case analysis and presentation
principles in a national
and global context
LO11: Analyze business cases Case analysis and presentation
based on ethical and
current issues
LO12: Value professionalism Case analysis and presentation
and ethics in all aspects
of accounting work.
LO13: Develop the La Sallian Case analysis and presentation
values of faith, zeal for
service and communion
in mission, in learning
skills in accounting

LO14: Prepare financial Case analysis and presentation Week 2, 3, 4, 11


statements of a business Financial statements
entity
LO15: Analyze the financial Case analysis and presentation Week 13
statements of a business
entity in terms of its
liquidity, profitability
and stability
LO16: Formulate Case analysis and presentation Week 13
recommendations
regarding the
strengthening of a
companys financial
position

RUBRIC FOR ASSESSMENT:

Attach here the rubric that students will use to self-check their required output prior to submission. The same
rubric will also be used to grade the students work.

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CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
4 3 2 1
Critical and The submitted The submitted The submitted The submitted
creative work manifests work manifests the work partially work does not
thinker qualities which required qualities. manifests the manifest any of
go beyond the required the requirements.
requirements. qualities.
Certain aspects
are either
incomplete or
incorrect.
Effective The submitted The submitted The submitted The submitted
communicato work/presentation work/presentation work work/presentation
r manifests manifests the /presentation does not manifest
qualities which required qualities. partially any of the
go beyond the manifests the requirements
requirements. required
qualities.
Certain aspects
are either
incomplete or
incorrect.
Reflective The submitted The submitted The submitted The submitted
life-long work manifests work manifests the work partially work does not
learner qualities which required qualities. manifests the manifest any of
go beyond the required the requirements
requirements. qualities.
Certain aspects
are either
incomplete or
incorrect.
Service- The submitted The submitted The submitted The submitted
driven citizen work manifests work manifests the work partially work does not
qualities which required qualities. manifests the manifest any of
go beyond the required the requirements
requirements. qualities.
Certain aspects
are either
incomplete or
incorrect.
TOTAL:

OTHER REQUIREMENTS AND ASSESSMENTS:

Aside from the final output, the student will be assessed at other times during the term by the following:
Quizzes/Class Participation 20%
Midterm / Final Examination 30%
Case analysis and presentation 30%
Integration final paper 20%

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GRADING SYSTEM:

GRADE POINT DESCRIPTION PERCENTAGE


4.0 Excellent 97 100
3.5 Superior 93 96
3.0 Very Good 89 92
2.5 Good 85 88
2.0 Satisfactory 80 84
1.5 No credit 75 79
1.0 No credit 70 76
0.0 Failed Below 70

The student will be graded according to the following:

BASIS 1ST HALF 2ND HALF


Class Participation/Quizzes 20% 20%
Mid Term/Final Examination 30% 30%
Case analysis and presentation 30% 30%
Integration Final Paper 20% 20%
TOTAL 100% 100%
Final Grade Computation 1/3 2/3

LEARNING PLAN:

WEEK NO. LEARNING


LEARNING OUTCOME TOPICS ACTIVITIES
Chapter 1 - Introduction TO Financial Getting Organized
LO 1 Accounting 1 Lecture
Chapters 2 and 3 - Basic Accounting Case Presentation :
Concepts:
Statement of Financial Position 2 Group 1 Kim Fuller
LO 2, 3, 5 Statement of Comprehensive Income Lecture
Chapter 4 - Accounting Records and Case Presentation:
Systems
3 Group 2 Lone Pine
Caf A
Group 3 Lone Pine
LO 2, 3, 5 Caf B
Lecture
LO 4, 5, 6, 7, 8 Accounting Systems and Records 4 Lecture
Case Presentation:
Group 4 Save Mart

Chapter 5 & 6 - Treatment and Control


LO 4,5 6,7,8 of Monetary Assets and Inventories 5 Lecture

Chapter 5 & 6 Treatment and Control


LO 5,6,8,9,10,11,12,13 of Monetary Assets and Inventories 6 Case Presentation
Group 5 Grenell
Farm
Group 1 Lewis

5
Corporation
Chapters 1 to 6 Mid Term
7 Examination
Financial Statements Analysis 8 Lecture
LO Chapter 7 Treatment of Long Lived 9 Lecture
5,6,8,9,10,11,12,13,15,16 Assets
Treatment of Long Lived Assets 10 Case Presentation:
LO 5,6,8,9,10,11, 12,13 Chapter 8 Sources of Capital: Debt Group 2 Stafford
Chapter 9 - Sources of Capital : Equity Press

LO 5,6,8,9,10,11,12,13 Chapter 11 Statement of Cash Flow 11 Group 3 Stone


Chapter 12 Acquisitions and Industries
Consolidated Financial Statements Group 4 Innovative
Engineering Company
Lecture

LO 5,6,8,9,10,11,12,13 Financial Statements Analysis 12 Case Presentation


- Group 5 amberbran
Company (A)
Consultation for final
paper

LO 5,6,8,9,11,12,13,14 Financial Statement Analysis 13 Group presentation


Chapter 7 to 12 14 Final Examination

Required text and materials:


Merchant, K., Hawkins, D., and Anthony, R. (2007). Accounting: Text and Cases, 12th edition.
McGraw Hill, Inc. New York..

Other References
Chalmers, K., Fyfe, M., Kieso, D., Kimmel, P., Mitrione, L., and Weygandt, J.(2010). Principles of
Financial Accounting, 2nd edition. John Wiley and Sons Australia, Ltd.
Kieso, D., Kimmel, P., and Weygandt, J (2008). Accounting Principles,8th edition. New Jersey: John
Wiley and Sons, Inc.
Kimwell, Mercedes (2009). Fundamentals of Accounting, 2nd edition. Manila: GIC Enterprises & Co.,
Inc.
Any Financial Accounting book.

OnLine Resource:
http:/www.wiley.com/college/weygandt

Departmental Policies:
Minimum grade requirement for an MBA student is 2.0
Maximum number of absences is 3.