ATENEO DE MANILA UNIVERSITY Katipunan Avenue, Loyola Heights

Quezon City, Philippines 1108

P.O. Box 154, Manila, Philippines
JOHN GOKONGWEI SCHOOL OF MANAGEMENT PHONE (+632) 426 6001 ext. 5511
TELEFAX (+632) 426 6076
DEPARTMENT OF FINANCE AND ACCOUNTING URL jgsom.ateneo.edu

COURSE SYLLABUS

Course Catalog: Acc15 School Year:

SY2016-2017
Course Title: Fundamentals of Accounting Term: First
Semester
Credit: 3 Units Instructor:
Franco Agustin T. Imperial
Pre-requisite: ITM11 Schedule & Venue: CTC 408

A. COURSE DESCRIPTION

ACC 15 introduces the accounting concepts, principles, and procedures needed in the
bookkeeping and financial presentation of single proprietorships and corporations engaged in
service and merchandising operations. Emphasis is placed upon the principles that govern
the construction and operation of accounts, which then allow for periodic analysis,
interpretation, valuation and income determination to take place.

B. LEARNING OUTCOMES

At the end of this course, the students should be able to

1. Understand the generally accepted accounting principles;

2. Apply the principle to analyze business transactions and prepare the journal entries;
3. Understand the purpose and prepare adjusting entries;
4. Determine the cost of goods sold and correct inventory of a company;
5. Acquire sufficient knowledge on internal control for cash and receivables;
6. Acquire adequate knowledge of accounting for a corporation;
7. Prepare and interpret financial statements; and to
8. Use information from the financial statements in making managerial decisions.

C. COURSE OUTLINE

Chapter Topic Hrs.

Chapter 1 Accounting in Business 4.5
Chapter 2 Analyzing and Recording Transactions 4.5
Chapter 3 Adjusting Accounts and Preparing Financial
Statements 4.5
Chapter 4 Completing the Accounting Cycle 3.0
Review/1st Long Exam September 17, 2016

Chapter 5 Accounting for Merchandising Operations 6.0

 Chapter 6 Inventories and Cost of Sales 6.0
Review/2nd Long Exam October 22, 2016

Chapter 8 Cash and Internal Controls 4.5

Chapter 9 Accounting for Receivables 4.5
Chapter 10 Plant Assets, Natural Resources, and Intangibles 4.5
Chapter 13 Accounting for Corporations 3.0
Review/3rd Long Exam December 03, 2016 (Wed)

D. READINGS

John J. Wild, Ken W. Shaw, and Barbara Chiappetta, Principles of Accounting,

20th ed., McGraw-Hill Companies, 2013

Belverd E. Needles, Jr., Marian Powers, Susan V. Crosson, Financial and

Managerial Accounting, 10th Ed., South-Western Cengage Learning, Mason, Ohio
USA, 2011

Robert N. Anthony, David F. Hawkins, and Kenneth A. Merchant, Accounting:

Text and Cases, 12th ed., Richard D. Irwin, Inc. Homewood, Illinois, 2007

E. COURSE REQUIREMENTS

60% Three departmental exams, 100 pts. each

15% Student Project/ Case Analysis
15% Quizzes, seatwork (5-10)
10% Class participations (assignments, etc.)
100%

Departmental (long) exams

a. Schedule and corrections. Departmental exams are scheduled outside of class
hours. Papers will be returned to the students. Students are encouraged to
review their papers for corrections, etc. Students only have 1 week to check
for corrections. Students will no longer be allowed to check for
corrections after this stipulated period.
b. Make-up exams. Absolutely no make-up departmental exam. If an exam is
missed and a reasonable explanation is given, the teacher will give the lowest
score to the student. If no reasonable explanation is given, the teacher will
give 0 to the student.
c. Condition. A student needs at least 155 accumulated scores in the long
examinations to be included in the computation for a final grade. Failure to
reach 155 (<155) automatically fails the course.
F. GRADE EQUIVALENTS

Cumulative scores (from all three exams) will be graded based on the following scale:

Std. Letter
Cum. Score QPI Grade
287 300 4 A
274 284 3.75
261 273 3.5 B+
248 260 3.25
235 247 3 B
220 234 2.75
207 219 2.5 C+
194 206 2.25
181 193 2 C
168 180 1.5
155 167 1 D
Below 155 0 F

Final Score Letter Grade QPI

3.76 - 4.00 A 4.0
3.31 - 3.75 B+ 3.5
2.81 - 3.30 B 3.0
2.31 - 2.80 C+ 2.5
1.81 - 2.30 C 2.0
1.00 - 1.80 D 1.0
Below 1 F 0.0

G. CLASSROOM POLICIES

1. Attendance:
Since this is a 3-unit course, students are allowed at most 9 hours worth of cuts. A
late is equivalent to a 1-hour cut. Going beyond this said norm will merit the student
a final grade of W. There is no distinction between an excused and unexcused
absence. For Intercession, a maximum of 3 cuts.
While in class, students are expected to actively participate in discussions and group
activities and not just listen to lecture. Outside class time, students are expected to
spend hours of preparation, which will include reading assignments, homework
preparations, research, and group meetings.

2. Classroom Behavior:
 Students are expected to behave in a manner that befits a student belonging to an
academic institution.
Mobile phones and any other use of electronic gadgets are strictly discouraged
during class time. They are to be turned off or placed on silent mode.
Eating and drinking are not allowed inside the classroom.
Students are expected to adhere to the Dress Code set by the JG School of
Management.

3. Class Participation: Each learner is expected to actively participate in discussions on the

assumption that each brings a wide range of experiences to the learning process. Active
participation may include asking thoughtful questions, being willing to consider new
ideas, helping the class understand complex ideas, having a cooperative attitude and a
sense of humor, and helping others comprehend the material.

4. Quizzes: Quizzes may be given every meeting. Students are required to have one bluebook
each to serve as their answer sheet for the quizzes throughout the semester. Latecomers
risk not being allowed to take the quiz. Long exams are also to be taken as scheduled. A
student who fails to take a quiz for no justifiable reason automatically gets a grade of zero
(0) for that particular quiz.

5. ACADEMIC INTEGRITY POLICY: Every student is responsible to know the standards of

conduct and expectations of academic integrity that apply to undertakings. Academic
dishonesty will not be tolerated and will result in the maximum penalty as defined in the
Student Handbook:
Cheating during exams
Copying another students work including assignments and reports
Receiving assistance from anyone else with quizzes or assignments
Fabrication of data
Plagiarism

H. CONSULTATION HOURS

Students who which to individually consult the lecturer may do so immediately after each class.
However, if more than ten minutes will be required, please inform the lecturer in advance or arrange
an appointment with him through Mrs. Rosalie Mendoza, the Department Secretary.

The instructor reserves the right to make changes to this syllabus as the pace and environment of
the class dictates.