Course Description

 

The Accounting program prepares students for careers in accounting and related fields, and makes them ready to deal effectively with the problems they will face as professional accountants, researchers and responsible citizens. The program aims to develop the qualities that enhance the student’s professional and research competence, awareness of his/her responsibilities to society and appreciation of an accountant’s high standard of integrity and objectivity.

Course Descriptions

Ethics and Corporate Social Responsibility for BSA (ACETHIC)
3 units
This course discusses in detail the basic Professional Values and the CODE of ETHICS for Professional Accountants and Security Exchange Commission (SEC) of Corporate Governance.

• Pre-requisite: MODAUDP; BUSORGA
• Pre-requisite to: REVDEVT

Financial Management for Accounting Majors – 1 (ACFINA1) 
3 units
This is a basic course in Financial Management leading to Management Advisory Services. It provides students with the basic principles, techniques and analytical tools needed in conducting financial analysis, in evaluating and forecasting a business firm’s financial performance and managing working capital, with focus on cash, marketable securities, accounts receivables, inventories and short term financing sources. The course is geared towards providing the students with an exposure to business consulting either as an internal or external management accountant or consultant.

• Pre-requisite: MODFIN1, MODFIN2, MODFIN3, MODFIN4, MODCOS1, and MODCOS2
• Pre-requisite to: ACFINA2

Financial Management for Accounting Majors – 2 (ACFINA2)
3 units
The course is a continuation of Financial Management 1. It covers the more complex aspects of financial decisions such as valuation of financial assets, risk and return, medium to long term investments, capital structure, and dividend policy.

• Pre-requisite: ACFINA1
• Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1, and MODMIT2

Financial Management for Accounting Majors – 3 (ACFINA3)
3 units
The course is a continuation of Financial Management I and II and provides a conceptual framework within which key financial decisions and risks relating to corporations are analyzed. This analysis considers shareholders’ wealth maximization, risk management (the nature of risk, risk concepts, benefits of risk management, risk management processes, enterprise-wide risk management, managing operating risk and financial risk, credit risk models including Basel II) capital acquisition analysis, capital structure decision, and valuation of financial instruments. It also examines the main types of derivative contracts: forward contracts, futures, swaps and options, and how these instruments are used in managing and modifying financial risks.

• Pre-requisite: ACFINA2
• Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and MODAUDT

Introductory Accounting for Service Enterprise (ACTBAS1)
3 units
This introductory course is designed to develop a basic understanding of the conceptual framework underlying the measurement and communication of financial data for business decisions as well as their relevance in the national context. This course deals with analyzing, recording and processing business transactions commonly engaged by a sole proprietor of a service enterprise. The fundamental concepts and principles essential to the measurement and communication of said transactions are introduced and emphasized as the course progresses.

• Pre-requisite: None
• Pre-requisite to: ACTBAS2

Introductory Accounting for Merchandising Enterprise (ACTBAS2)
3 units
This course deals with the accounting cycle for a sole proprietorship form of business engaged in merchandising activities. It includes recording of business transactions involving merchandising and property, plant, and equipment transactions, and preparation of financial statements for business decision-making. The course is designed to respond to changes brought about by developments in information technology through the use of a computerized accounting system. Accounting topics on the voucher system, petty cash fund, and bank reconciliation statement are also included.

• Pre-requisite: ACTBAS1
• Pre-requisite to: ACTPACO

Partnership and Corporation Accounting (ACTPACO)
3 units
This course deals with transactions, financial statements and problems peculiar to the operations of partnerships and corporations as distinguished from the sole proprietorship. Special topics on book value per share and earnings per share are included.

• Pre-requisite: ACTBAS2
• Pre-requisite to: MODFIN1, MODFIN2, MODFIN3, MODFIN4, MODCOS1 and MODCOS2

Computer Application 1 for Accounting Majors (LBYACC1)
3 units
This course brings spreadsheet technology into the classroom.  Its focus is to facilitate spreadsheet use as an integral part of education with the use of MS Excel 2007.  This course also aims to enhance students’ prior knowledge and skills in electronic presentation with the use of MS PowerPoint 2007.   Lastly, this course is designed to provide students with a broad understanding of information technology and its importance to the chosen career/profession.

• Pre-requisite: none
• Pre-requisite to: LBYACC2

Database Management System and Statistical Softwares (LBYACC2)
3 units
This course discusses the basic concepts of database management, database analysis, and database design with business applications for accounting students using MS Access. This course also covers basic programming concepts.

• Pre-requisite: ACTSTAT
• Pre-requisite to: THSBSAP

Auditing in a Computer Environment (LBYMODT)
3 units
This course complements the course in auditing, but limited to the areas that have an immediate consequence to information technology (IT) as used in business. It discusses the impact of information technology on the auditor’s study and evaluation of internal control with emphasis on the previously learned IT-related risks and controls in a CIS environment. It takes into account the audit of IT function as a whole and the audit of computerized information systems as part of the audit of the financial statements. It introduces tools and techniques in auditing around, auditing through, and auditing with the computer (using ACL as generalized audit software). In this course, students will also gain basic techniques in fraud detection using ACL.

• Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1, and MODMIT2
• Pre-requisite to: REVPRAA, REVPRAB, REVMANS, REVAUDI, REVDEVT, REVIBLT, and REVSYNT

Advanced Topics in Financial Accounting – Part 1 (MODADV1)
3 units
This course deals with specialized accounting problems likely to be encountered by accountants. The study of the various topics in this course is based upon fundamental valuation accounting and accounting theory as applied to special income and expense recognition methods and expanded business operations.

• Pre-requisite:LBYACC2, MODFIN1, MODFIN2, MODFIN3, MODFIN4, MODCOS1, and MODCOS2
• Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and MODAUDT

Advanced Topics in Financial Accounting – Part 2 (MODADV2)
3 units
This course is a continuation of Advanced Financial Accounting and Reporting – Part 1. Discussion of topics in this course is based upon fundamentals of valuation accounting and accounting theory particularly home-branch relationship, business combinations, consolidation of balance sheet, inter-company profit transactions in inventories, inter-company gain transactions in plant assets, and foreign currency accounting. This course will also include other special topics such as fire insurance accounting and built-operate-transfer (BOT) and similar schemes.

• Pre-requisite: LBYACC2, MODFIN1, MODFIN2, MODFIN3, MODFIN4, MODCOS1, and MODCOS2
• Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and MODAUDT

Advanced Topics in Financial Accounting – Part 3 (MODADV3)
3 units
This course covers advanced topics in financial accounting based on international financial reporting standards. It will discuss advanced topics such as accounting for borrowing costs, impairment of assets, agricultural and biological assets, leases, employee benefits and share-based payments, derivatives and hedging transactions, and income taxes. This course also includes special topics in advanced accounting like accounting for not-for-profit organizations and government accounting based on the New Government Accounting System (NGAS).

• Pre-requisite: LBYACC2, MODFIN1, MODFIN2, MODFIN3, MODFIN4, MODCOS1, and MODCOS2
• Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and MODAUDT

Auditing Problems 1 (MODAUD1)
3 units
This course covers the detailed approaches on problems and situations ordinarily encountered in the independent examination of Cash, Receivables, Inventories, Biological assets and Agricultural Produce, Investments (including Hedging Instruments), and Property, Plant, and Equipment (including Borrowing Costs and Impairment). It deals specifically with the application of auditing standards, techniques and procedures, the evaluation of internal control, the preparation of audit working papers with computer application, and the preparation of audit adjustments pertaining to a manufacturing, trading, and service concern.

• Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1, and MODMIT2
• Pre-requisite to: REVPRAA, REVPRAB, REVMANS, REVAUDI, REVDEVT, REVIBLT, and REVSYNT

Auditing Problems 2 (MODAUD2)
3 units
This course is a continuation of Auditing Problems 1. It covers the detailed approaches on problems and situation ordinarily encountered in the independent examination of Investment Property, Non-current Assets held for Sale, Intangibles (including Impairment), Liabilities (notes and bonds payable, leases, employee benefits, provisions and contingent assets and liabilities, and debt restructuring), Equity Accounts (including share-based payment and retained earnings), Revenues, Expenses and Deferred Charge. It deals specifically with the applications of auditing working papers with computer application, and the preparation of audit adjustments pertaining to a manufacturing, trading and service concern.

• Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1, and MODMIT2
• Pre-requisite to: REVPRAA, REVPRAB, REVMANS, REVAUDI, REVDEVT, REVIBLT, and REVSYNT

Auditing Principles (MODAUDP)
3 units
A course designed to provide students with the conceptual knowledge and understanding of the fundamental theory of auditing and assurance services, and the philosophy underlying audits with emphasis on external auditing as performed by independent Certified Public Accountants and the management of public accounting practice. The course covers Generally Accepted Auditing Standards [specifically, Philippine Standards on Auditing (PSA)]; the Philippine Accountancy Law; internal and external auditing; internal controls; manual and computerized records; audit objectives; audit techniques; audit programs and procedures; and audit reports. Ethical standards affecting the accountancy profession are also taken up.

• Pre-requisite: LBYACC2, MODFIN1, MODFIN2, MODFIN3, MODFIN4, MODCOS1, and MODCOS2
• Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and MODAUDT

Principles of Cost Accounting (MODCOS1)
3 units
This course is the introductory course to cost accounting and management. It discusses cost terms, concepts, and behavior. It deals with concepts applied in accounting for materials, labor, and overhead used in manufacturing operations using job order costing, activity-based costing, just-in-time costing and backflush costing.

• Pre-requisite: ACTPACO, Qualifying Exam
• Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1, and MODMIT2

Advanced Cost Accounting (MODCOS2)
3 units
This course is the follow-up course to MODCOS1. It deals with the concepts applied in accounting for materials, labor, and overhead used in manufacturing operations under a process cost system. It discusses accounting for joint products and by-products, including income statement presentation. It also incorporates variance computation and analysis using standard costing.

• Pre-requisite: ACTPACO, Qualifying Exam
• Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1, and MODMIT2

Financial Accounting and Reporting for Assets – Part 1 (MODFIN1)
3 units
This course introduces the nature, functions, scope and limitations of the broad field of accounting theory. It deals with the study of the theoretical accounting framework objectives of the financial statements, accounting conventions, and generally accepted accounting principles, standard setting process for accounting practice, national as well as international principles relating to the preparation and presentation of financial statements, the conditions under which they may be appropriately applied, their impact or effect on the financial statements; and the criticisms commonly leveled against them. The course covers detailed discussion, appreciation and application of accounting principles covering assets, financial and non-financial. Emphasis is given on the interpretation and application of theories of accounting in relation to cash, receivables, inventories and intangible assets.

• Pre-requisite: ACTPACO, Qualifying Exam
• Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1 and MODMIT2

Financial Accounting and Reporting for Assets -Part 2 (MODFIN2)
3 units
This course is the continuation of Financial Accounting and Reporting for Assets Part 1. It deals with the study of fundamental assumptions, theoretical concepts and generally accepted accounting principles as discussed in the Philippine Accounting Standards (PAS) and the Philippine Financial Reporting Standards (PFRS); the conditions under which they may be appropriately applied and their impact or effect on the financial statements. The course covers detailed discussion, appreciation and application of accounting principles covering assets, financial and non-financial. Emphasis is given on the interpretation and application of theories of accounting in relation to property, plant and equipment including depreciation methods, revaluation and impairment of property assets, wasting assets, depletion; investments in equity and debt instruments, related party disclosures; and other types of investments such as sinking fund, cash surrender value and investment property.

• Pre-requisite: ACTPACO, Qualifying Exam
• Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1, and MODMIT2

Financial Accounting & Reporting for Liabilities & Special Topics (MODFIN3)
3 units
This course deals with the study of fundamental assumptions, theoretical concepts and generally accepted accounting principles as discussed in the Philippine Accounting Standards (PAS) and the Philippine Financial Reporting Standards (PFRS); the conditions under which they may be appropriately applied and their impact on the financial statements. The course covers detailed discussion, appreciation and application of accounting principles covering equities. Emphasis is given on the interpretation and application of theories of accounting in relation to current liabilities, non-current liabilities and stockholders’ equity accounts. Special topics on Segment Reporting, Non-Current Asset Held for Sale & Discontinued Operations and Introduction to Financial Instruments will also be discussed in this course.

• Pre-requisite: ACTPACO, Qualifying Exam
• Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1, and MODMIT2

Financial Accounting & Reporting for Equity & Special Topics (MODFIN4)
3 units
This course deals with the study of fundamental assumptions, theoretical concepts and generally accepted accounting principles as discussed in the Philippine Accounting Standards (PAS) and the Philippine Financial Reporting Standards (PFRS); the conditions under which they may be appropriately applied and their impact on the financial statements. The course covers detailed discussion, appreciation and application of accounting principles covering special topics. Emphasis is given on the interpretation and application of theories of accounting in relation to special topics on accounting changes, book value per share, earnings per share, correction of errors, cash and accrual bases of accounting, single-entry system, statement of cash flow, interim reporting and presentation of general-purpose financial statements.

• Pre-requisite: ACTPACO, Qualifying Exam
• Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1, and MODMIT2

Principles of Managerial Accounting 1 (MODMGT1)
3 units
This course is the first of a series of courses in the study of Management Advisory Services. The course deals mainly with topics that relate to the foundation of management accounting and its operational aspects. It is designed to use the case study method, the next best alternative to simulate application of concepts in an actual business scenario. The course is geared towards providing the students with an exposure to business consulting either as an internal or external management accountant or consultant.

• Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1, and MODMIT2
• Pre-requisite to: REVPRAA, REVPRAB, REVMANS, REVAUDI, REVDEVT, REVIBLT, and REVSYNT

Principles of Managerial Accounting 2 (MODMGT2)
3 units
This course introduces the students to business research. It focuses on the concepts, applications and the entire process of business research, and requires students to develop, design and defend a research proposal before a panel. The research paper is to be completed and defended in a 3-units course of Thesis Writing for BSA students (THSBSA) in the following term. The course also covers contemporary developments in the field of management accounting and strategic management accounting concepts. It is an integrating course that allows students to use their learning, not only in other accounting subjects but from various subjects in different disciplines.

• Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1, and MODMIT2
• Pre-requisite to: REVPRAA, REVPRAB, REVMANS, REVAUDI, REVDEVT, REVIBLT, and REVSYNT

Fundamentals of IT and Systems Development (MODMIT1)
3 units
This course is designed to provide Accountancy students with basic knowledge of systems development which specifically covers planning, analysis, design, and implementation. This course begins with an integration of previously learned IT concepts starting from data and information concepts to networks and electronic commerce. It then proceeds to an in-depth discussion of issues in systems development highlighting systems strategy, project initiation, in-house systems development, commercial packages, and maintenance and support. In the light of creating and adding value to business organization by assessing the current system and looking for opportunities for improvement, this course ultimately aims to develop students to become competent systems analysts.

• Pre-requisite: LBYACC2, MODFIN1, MODFIN2, MODFIN3, MODFIN4, MODCOS1, and MODCOS2
• Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and MODAUDT

Accounting Information System (MODMIT2)
3 units
This course examines the design, operations, risks, and controls of accounting information systems. Emphasis is placed on financial transaction cycles and core business processes, with focus on the risks and controls involved in the processing of financial transactions in a computerized environment. This also considers current issues on accounting information systems that have ethical considerations and practical applications.

• Pre-requisite: LBYACC2, MODFIN1, MODFIN2, MODFIN3, MODFIN4, MODCOS1, and MODCOS2
• Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and MODAUDT

Audit Practicum (PRCBSA1)
3 units
It is an internship program which aims to provide the students with audit and/or audit-related training exposure to bridge the gap between the theories in the classroom and experience in actual audit and/or audit-related work. The program is conducted in collaboration with auditing firms and non-auditing firms in their internal audit departments. The student-interns are required to complete a minimum of 150 working hours in their assigned companies.

• Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1, and MODMIT2
• Pre-requisite to: None

Review: Auditing Theory and Problems (REVAUDI)
3 units
This course covers the TRANSACTION CYCLE APPROACH auditing which includes the revenue, expenditure, production, investing and financing cycles. It also deals with the comprehensive review of Auditing Theory and Problems based on the Revised CPA Auditing Theory and Problems Syllabi.

• Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT, LBYMODT, TAXINCO, TAXBUSI, PARTCOR, SALESBA, NOGOTIN, THSBSAF
• Pre-requisite to: None

Development and Enhancement in Accounting: Theory and Practice (REVDEVT)
3 units
This is an integrating course which discusses updates regarding theory of accounts and auditing theory. This is taken by BSA students in their final term of study.

• Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT, LBYMODT, TAXINCO, TAXBUSI PARTCOR SALESBA NOGOTIN THSBSAF
• Pre-requisite to: None

Review: Business Law and Taxation (REVIBLT)
3 units
This is an integrating course which strengthens the students’ knowledge and understanding of pertinent legal provisions, general principles, concepts and underlying philosophy of law and the legal implications of business transactions, business associations and negotiable instruments, particularly as they relate to accounting and auditing situations. The course also covers review of the theory and principles of Philippine taxation. Specifically, it covers income taxation, transfer (estate and donor’s tax) and business (value-added and other percentage taxes) taxation, community tax, additions to tax, compliance requirements, tax remedies, and the power and authority of the Commissioner of Internal Revenue.

• Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT, LBYMODT, TAXINCO, TAXBUSI, PARTCOR, SALESBA, NOGOTIN, THSBSAF
• Pre-requisite to: None

Review: Management Advisory Services (REVMANS)
3 units
This course is the last of a series of courses integrating all the topics under Management Services. The subject areas covered are divided into the following submodules namely: Introduction and Basic Concepts Module, Cost Concepts and Application Module, Profit Planning and Performance Evaluation Module, Decision Making Module, and Financial Management Module. The outline of the topics is harmonized with the CPA Licensure Examination Syllabus for Management Services.

• Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT, LBYMODT, TAXINCO, TAXBUSI, PARTCOR, SALESBA, NOGOTIN, THSBSAF
• Pre-requisite to: None

Review: Practical Accounting 1 (REVPRAA)
3 units
This course reviews the nature, functions, scope, and limitations of the broad field of accounting theory. It deals with the study of the theoretical accounting framework objectives of financial statements, accounting conventions, and generally accepted accounting principles, standard setting process for accounting practice, national as well as international principles relating to the preparation of financial statements, the conditions under which they may be appropriately applied, their impact or effect on the financial statements; and the criticisms commonly leveled against them.

• Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT, LBYMODT, TAXINCO, TAXBUSI, PARTCOR, SALESBA NOGOTIN, THSBSAF
• Pre-requisite to: None

Review: Practical Accounting 2 (REVPRAB)
3 units
This course reviews the concepts and theory behind cost accounting and advance accounting topics.

• Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT, LBYMODT, TAXINCO, TAXBUSI, PARTCOR, SALESBA, NOGOTIN, THSBSAF
• Pre-requisite to: None

Accounting Synthesis (REVSYNT)
1 unit
This is a one-unit course that provides an integrating framework and experiences for understanding the roles of accountants, their functions, and how they fit within the context of business and the larger environment. Students will acquire knowledge and develop the skills necessary to be effective in organizations and to learn general principles associated with their profession as accountants.

• Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT, LBYMODT, TAXINCO, TAXBUSI, PARTCOR, SALESBA, NOGOTIN, THSBSAF
• Pre-requisite to: None

Statistics for Accountants (STATACC)
3 units
A first course in business statistics that covers basic statistical concepts and methods in descriptive statistics and basic statistical inference. The practical orientation of this course helps students to relate statistics to real-life problems. It also provides students the opportunity to use Microsoft Excel in performing statistical visual presentations and computations.

• Pre-requisite: BUSMATH
• Pre-requisite to: LBYACC2

Final Thesis Writing and Defense (THSBSAF)
1.5 units
In this course, the BSA students are required to complete their thesis and successfully defend it before a THESIS PANEL.

• Pre-requisite: THSBSAP
• Pre-requisite to: None

Thesis Proposal (THSBSAP)
1.5 units
In this course, BSA students will be assigned a mentor to help them develop and defend their proposal before a Thesis Proposal Defense panel.

• Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1, and MODMIT2
• Pre-requisite to: None