Saint Columban College

Pagadian City

VISION: Persons who are Mature, Competent and Dynamic Believers in the Supreme Being, conscious of their
interdependence and in right relationship with one another and the rest of the creation.
MISSION: We, at Saint Columban College, guided by the gospel values of WISDOM,JUSTICE and CHARITY,
commit ourselves to develop fully the talents, and capabilities of the students through holistic quality
programs, which aim to help them live their faith, attain academic excellence and perform their
responsibilities towards God, society and the rest of the creation.
GOALS: To create a climate that will enable the students to cultivate the values of wisdom, justice, and charity.
To develop students who manifest critical thinking and problem solving skills through scientific
investigation.
To produce technologically skilled graduates who can articulate their thoughts in cohesive and
understandable terms.
To create an atmosphere that deepens the social commitment of students to help improve the quality of
life in their community and the environment.

College of Business Education

Course Number: FinMan 306

Course Title: Financial Controllership
Course Credit: Three (3) units
Pre-requisite/s: ACCTG 101
FinMan 301
FinMan 302
Class Schedule:
Room:
Instructor:
E-mail:

Course Description:
This course introduces students to the study of accounting techniques, concepts, and
procedures related to the functions and responsibilities of the controller, with consideration of
management reporting systems, planning and controlling functions, cash flow statement, capital
budgeting, internal control and budgetary planning.

Course Goals:

The primary purpose of this class is to develop a deeper understanding of the importance of Financial
Controllership. We aim to cover topics not covered extensively in other required classes and introduce a
few topics covered in electives.

Course Intended Learning Outcomes (CILO): At the end of the term, the student will

1. Explain the key role of a Controller in an organization

2. Differentiate the controller function from other management function
3. Identify risk management practices currently taking place in an organization
4. Prepare a budget

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 Course Course Objectives Topic/s Learning Instructional Evaluative
Schedule Activities/Activities Materials/Resources Measures/Expected
At the end of every lesson students must Output
be able to:

Week 1  Introduction and overview of Financial Lecture/Discussion Textbook Quizzes

(October  Define financial controllership Controllership Interactive Handouts
24-October  Differentiate a financial controller Learning
28,2016) from other employees.

Week 2  All Saints Day  Goals of Financial Controllership Lecture/Discussion Textbook Quizzes
(October  All Souls Day  Role of Controller Interactive Handouts
31-  Finance and Treasury Responsibilities
 Explain the goals of financial Learning
November
controllership
4, 2016)
 Identify the difference between a
financial controller from other
employee in term of level of
responsibility.

Week 3  Prepare a statement of Financial  Preparation and Interpretation of the Lecture/Discussion Textbook Quizzes
(November Position Statement of Financial Position Interactive Handouts
7-11,  Interpret the Statement of Financial Learning
2016) Position

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 Week 4  Prepare a Statement of Financial  Preparation and Interpretation of Lecture/Discussion Textbook Quizzes
(November Performance Statement of Financial Performance Interactive Handouts
14-18,  Interpret the Statement of Financial Learning
2016) Performance

Week 5  Identify the transactions to be included in  Statement of Cashflow Lecture/Discussion Textbook Quizzes
(November the statement of cash flow. - Introduction Interactive Handouts
21-25,  Classify the transactions according to the - 3 major cash flow activities Learning
2016) 3 major cash flow activities - Direct approach of preparing the
 Prepare a cash flow statement (direct
cash flow statement
approach)
 Interpret the cash flow statement - Interpretation of the cash flow
statement ( direct approach)
Week 6  Determine the non-cash activities  Statement of Cash flow Lecture/Discussion Textbook Quizzes
(November  Prepare a cash flow statement (indirect - Non-cash activities Interactive Handouts
28 – approach) - Indirect approach of preparing
Learning
December  Interpret the cash flow statement the cash flow statement
 Identify the difference of the two - Interpretation of the cash flow
2, 2016)
approach in preparing the statement of statement ( indirect approach)
cash flow
Week 7  Immaculate Conception - Dec 08  Unified Exams (Dec 5-6)
(December  Preliminary Examination Week  Major Subject Exam (Dec 9)
05-09,
2016)

Week 8  Preliminary Examination  Major Subject Exam (Dec12)

(December  Christmas Outreach at Upper Sibatang
12-16,  Employees Retreat
2016)

Week 9 Christmas Day – Dec 25

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(December
19-23,
2017)

Week 10 Rizal Day- Dec 30

(December
26-30,
2016)

Week 11  New Year

(January
2- 6, 2017)

Week  Resumption of Classes- Jan 5 (Mon)  Ethical Duties of a Controller Lecture/Discussion Textbook Quizzes
12(January - Introduction Interactive Handouts
9-13,  Explain the importance of ethics for - Professional Competence Learning
2017) professionals - Due Care
 Identify and explain each ethical duties of - Objectivity
a controller
- Integrity

Week 13  Classify the cost incurred in business  Cost behavior Lecture/Discussion Textbook Quizzes
(January operation  Cost Classification Interactive Handouts
16-20,  Segregate the cost (fixed or variable)  Cost Segregation Techniques Learning
2017) - High-Low
- Scattergraph
- Least Square

Week 14  NSPC  Unified Exam January 26-27

(Jan 23-  Midterm Examination
27, 2017)

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Week 15  Midterm Exam  Major Subjects Examination Lecture/Discussion Textbook Quizzes
(January  First Friday Mass Interactive Handouts
30 –  Capital Budgeting
Learning
February  Identify several areas in applying - Investment Decision
3, 2017) capital budgeting;

Week 16  Identify the variables included in the  Capital Budgeting Lecture/Discussion Textbook Quizzes
(February determination of net cost of investment - Cost of Investment Interactive Handouts
6 - 10,  Compute the net cost of investment - Cost of Capital
Learning
2017)  Appreciate the importance of knowing the
cost of investment by giving an example
wherein they can apply their new
knowledge.
 Explain the marginal cost of capital and
the weighted cost of capital;
 Compute the marginal cost of capital and
the weighted cost of capital;

Week 17  TABO 2017  Net Cash flow Lecture/Discussion Textbook Quizzes

(February  Time Value of Money Interactive Handouts
13-17,  Compute traditional and discounted  Discounted Cash Flow Learning
methods of evaluating project proposals
2017)  Project Evaluation Techniques
 Explain the time value of money and the
- Accounting Rate of return
use of present value tales for capital
budgeting purposes - Payback Period
 Compute the present value and future
value of the investment.
 Calculate the accounting rate of return and
describe its major weakness

Week 18  Prefinal Examination - Net Present Value Lecture/Discussion Textbook Quizzes

(Feb 20-  Calculate the payback period and describe - Internal rate of Return Interactive

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24, 2017) its major weakness  Profitability Index Learning Handouts
 Calculate net present value and describe  Internal Control
why it is superior to the other capital - Concept and Objective
budgeting techniques
- Structure
 Explain the function of internal control in
- Myths and Facts
business management;
 Determine the limitation of internal control;
- Control Techniques
 Determine the types of financial risk  Financial Risks
 Describe how and why organizations use
budgets Budgetary Planning
- Role of Budgets
 Determine potential behavioral issues to
- Benefits of Budgeting
consider when implementing a budget
- Behavioral effects of Budgets

Week 19  Describe the major components of the - Components of the Master Lecture/Discussion Textbook Quizzes
(February Master Budget and their relationship Budget Interactive Handouts
27 – March  Prepare the following components of the - Preparing the Operating
Learning
3, 2017) Master Budget: Budgets
- Preparing the Operating - Preparing the Production
Budgets Budget
- Preparing the Production - Raw Materials Purchase
Budget Budget
- Raw Materials Purchase - Direct Labor Budget
Budget - Manufacturing Overhead
- Direct Labor Budget Budget
- Manufacturing Overhead
Budget

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Week 20  Prepare the following components of the - Budgeted Cost of Goods Lecture/Discussion Textbook Quizzes
(March 6- Master Budget: Sold Interactive Handouts
10, 2017) - Budgeted Cost of Goods Sold - Selling & Administrative
Expense Budget
Learning
- Selling & Administrative
Expense Budget - Budgeted Income Statement
- Budgeted Income Statement - Cash Budget
- Cash Budget - Budgeted Balance Sheet
- Budgeted Balance Sheet - Budgeting in a Non-
- Budgeting in a Non- manufacturing Firm
manufacturing Firm
 Prepare the cash budget and describe
the relationships among the operating
budgets, cash budget and budgeted
balance sheet

Week 20  Final Examination Week - Unified Examination

(March 13 - Major Subjects Examination
– 17,
2017)

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Teaching Strategies:

Every class has a unique teaching strategy applicable to the lesson for the day.
Generally, students should participate in individual and group activities such as graded
recitations, board works, and group study and reports. The teacher is also expected to have his
introduction of the objectives and topics of the day.

Assessment:

Varied evaluation strategies will be utilized to document learning achieved in this course.
One hundred percent (100%) is the highest point one can earn based on the following
Parameters:

Class Attendance/ Assignment - 20%

Quizzes/Oral presentation - 40%
Major Examination - 40%

Grading System:

Grades will be allocated based on the percentage earned:

1.0 = 97-99 Excellent

1.25 = 94-96 Superior
1.5 = 91-93 Very good
1.75 = 88-90 Very good
2.0 = 85-87 Good
2.25 = 82-84 Good
2.5 = 79-81 Fair
2.75 = 76-78 Fair
3.0 = 73-75 Passing
5.0 = 68-72 Failed

On class requirement:

1. Students should participate during the classroom discussion

2. Students are encouraged to secure a copy of the reference book.

On Attendance

In every meeting, the teacher will check attendance by letting the students sign their
attendance sheet. Absences without prior notification (written or oral) to the teacher will not be
considered excused. In emergency cases, medical certificates may be presented for students
admitted to hospitals to be excused

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Other Concerns

Consultation period will be every Wednesday in the faculty office or any rooms in school
premises. The teacher’s contact information will be given in case of immediate and important
notification and consultation.

Textbooks and References:

Agamata, F. T. (2015). Management advisory services. Davao City:Certs Publications

Whitecotton, S., Libby,R., Phillips,F. (2014). Managerial Accounting 2nd

Edition.McGraw-Hill

Warren, (2016). Financial and managerial Accounting 13e. Boston, MA 02210, USA:Cengage
Learning.

Prepared by:

MARK K. REQUEJO, CPA, MBA

CBE Instructor

Reviewed by:

Mrs. Susan M. Ramirez

CBE Dean

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