MAKATI SCIENCE TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES

4410 ERL Building, Old Sta. Mesa, Manila

Tel. No. 742-2076
COLLEGE OF ACCOUNTANCY
INTERMEDIATE ACCOUNTING 1
OUTCOME-BASED TEACHING AND LEARNING (OBTL) PLAN
INSTITUTE MISSION INSTITUTE VISION
To make quality education accessible to all people regardless A community of administrators, teachers, parents,
of social classes and financial capabilities providing them and students working together to produce
courses and disciplines comparative to those given in other competent graduates and skilled workers whose
universities and colleges. individual lives are improved and thus making
them productive members of the society.
COLLEGE MISSION
To make quality on education accessible
to all people regardless of social classes
and financial capabilities providing them
courses and disciplines comparative to
those given in other Universities and
Colleges.
COLLEGE VISION
A community of administrators, teachers,
parents, and students working together to
produce competent graduates and skills
workers whose individual lives are
improved and thus making them
productive members of the society.

COLLEGE OBJECTIVES PROGRAM INTENDED LEARNING OUTCOMES (PILO)

The Bachelor of Science in Accountancy
programs aims to:
 Graduates of professional institutions
demonstrate a service orientation in one’s
profession.
 Graduates of colleges participate in various
types of employment, development
activities, and public discourses,
particularly in response to the needs of the
communities one serves.
 Graduates of universities participate in the
generation of new knowledge or in
research and development projects.
PROGRAM GOALS
The B.S. Accountancy program is designed to
produce competent and ethical professional
accountants capable of making a positive
contribution over their lifetimes to the
profession and society in which they work. In
the face of increasing changes that they will
meet later as professional accountants, it is
essential that students develop and maintain
an attitude of learning to learn, to maintain
their competence later as professional
accountants. The BSA Program should also
(Common to all programs in all types of
schools)
Graduates of Bachelor of Science in
Accountancy must be able to:
1. Articulate and discuss the latest
developments in the specific field of
practice.
2. Effectively communicate orally and in
writing using both English and Filipino.
3. Work effectively and independently in
multi-disciplinary and multi-cultural
teams.
4. Act in recognition of professional, social,
and ethical responsibility.
5. Preserve and promote “Filipino historical
and cultural heritage”.
Graduates of Business and Management Graduates of Bachelor of Science in
degree must be able to: Accountancy should be able to:
a) Describe the basic functions of
1.1 Resolve business issues and problems, with a
management such as planning, organizing,
global and strategic perspective using
leading, and controlling.
knowledge and technical proficiency in the
b) Identify and describe the basic concepts
areas of financial accounting and reporting,
that underlie each of the functional areas
cost accounting and management, accounting
of business (marketing, finance, human
and control, taxation, and accounting
resources management, production and
information systems;
operations management, information
1.2 Conduct accountancy research through
technology, and strategic management)
independent studies of relevant literature
and employ these concepts in various
and appropriate use of accounting theory and
business situations.
methodologies;
c) Select the proper decision making tools to
1.3 Employ technology as a business tool in
critically, analytically, and creatively solve
capturing financial and non-financial
problems and drive results;
information, generating reports and making
d) Express clearly and communicate
decisions.
effectively with stakeholders both in oral
1.4 Apply knowledge and skills to successfully
and written forms.
respond to various types of assessments; and
1.5 Confidently maintain a commitment to good
corporate citizenship, social responsibility,

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 MAKATI SCIENCE TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES
4410 ERL Building, Old Sta. Mesa, Manila
Tel. No. 742-2076
COLLEGE OF ACCOUNTANCY
INTERMEDIATE ACCOUNTING 1
provide a foundation of professional e) Apply information and communication and ethical practice in performing functions
knowledge, professional skills, and technology (ICT) skills as required by the as an accountant.
professional values, ethics, and attitudes that business environment.
enable them to continue to learn and adapt to
change throughout their professional lives.

Course Code AE15 Credit Units 3 units (lec) Course Prerequisites AE13 – Financial Accounting & Reporting
Course Title Intermediate Accounting 1 Contact Hours 3 hrs/week (lec) Pre-requisite To AE16 – Intermediate Accounting 2

Course Description This introductory course deals with the nature, functions, and scope of the accounting discipline. It deals primarily with the accounting process of transforming raw economic
data into useful financial accounting information. The typical transactions and accounting problems of a single proprietorship engaged in service businesses provide the framework
for discussion. Emphasis is placed on understanding concepts and principles, rather than merely developing procedural skills.

Course Intended Learning Outcomes (CILO)

After completing this course, the student is expected to present the following learning outcomes in line with the Expected MSTIP Graduate Elements (EDGE).
Expected MSTIP Graduate Elements (EDGE) Learning Outcomes
At the end of this course, the students should be able to:
 Problem Analysis (PS)  recognize the fundamental purpose and ethical responsibilities of accounting in business industries
 Development of Solutions  identify the fundamental principles, objectives and concepts of accounting and how it relates to service business
(DoS)  describe different forms and purpose of the business organization and the role of accounting information system
 Global Citizenship (GC)  identify, describe and illustrate the accounting cycle as it relates to different business transaction
 Collaboration &  develop the skills of planning, presenting and analyzing financial statements
Communication (CaC)  demonstrate the 5 C’s of learning, namely: critical thinking, communication skills, computer technology, commercial ethics, and
 Professionalism and Ethics community involvement.
(PaE)  integrate the Professional Ethics for Accountants especially Integrity and Honesty
 Lifelong Learning (LL)  integrate Pauline core values, namely: Christ- centered, Compassion, Charity. Charism, and Community.

OBTL Plan in AE15 - Intermediate Accounting 1 Page 2 of 10 Ver. 1.0 (June 2019)
 MAKATI SCIENCE TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES
4410 ERL Building, Old Sta. Mesa, Manila
Tel. No. 742-2076
COLLEGE OF ACCOUNTANCY
INTERMEDIATE ACCOUNTING 1
PROGRAM MAPPING GRID COURSE MAPPING GRID
The Intended Learning Outcomes of the Bachelor of Science in Accountancy Program emphasize The various topics in this course emphasize the development of the expected graduate attributes
the development of the expected graduate attributes according to the grid shown below: according to the grid shown below:
PILO PS DoS GC CaC PaE LL PILO PS DoS GC CaC PaE LL UNIT PS DoS GC CaC PaE LL
1 3 a 2 1. Introduction to Accounting Concepts, 1 3
2 3 b 2 2 Principles and Standards
3 2 2 2 c 2 3 2. Business Organizations and Accounting 2 3
4 3 d 3 Information System
5 3 e 3 3. The Accounting Equation and Double 3 3
1.1 3 3 Entry System
1.2 1 2 4. Development standards and practices 1 2 2 2
1.3 1 3 for Accounting Information System
1.4 3 5. Financial Statements Planning and 2 2 2
1.5 3 3 Preparation
Legend: 3 = To a Large Extent; 2 = To Some Extent; 1 = To a Little Extent 6. Special Journals and Subsidiary 1 2 3
Ledgers
7. Payroll Accounting 2 3 3
Legend: 3 = To a Large Extent; 2 = To Some Extent; 1 = To a Little Extent

OBTL Plan in AE15 – Intermediate Accounting 1 Page 3 of 10 Ver. 1.0 (June 2019)
 MAKATI SCIENCE TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES
4410 ERL Building, Old Sta. Mesa, Manila
Tel. No. 742-2076
COLLEGE OF ACCOUNTANCY
INTERMEDIATE ACCOUNTING 1
COURSE OUTLINE

Number Teaching-Learning Values

Week Specific Objectives Course Key Topics/Content Evaluative Measures
of Hours Strategies Integration

1 3 hours 1. Orient the students about the 1. Overview of the course Expectation setting for both Integrity / Cooperation / 1. Classroom seatplan
course and the requirements 2. Classroom policies students and professor Teamwork 2. Summarized
2. Illustrate and describe the 3. Background of Basic Expository student
unique aspects of accounting in accounting and its a) Lecture expectation
various industries application in other b) Classroom 3. Seatwork / Case
industries Discussion Analysis
3. Recognize the historical 4. Purposes of accounting in Deductive Strategy
background of accounting business a) Textbook Exercises
5. Accounting and its ethical
4. Recognize the fundamental standards
purpose of accounting in
business

5. Identify the ethical

responsibilities in hospitality
industry

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 MAKATI SCIENCE TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES
4410 ERL Building, Old Sta. Mesa, Manila
Tel. No. 742-2076
COLLEGE OF ACCOUNTANCY
INTERMEDIATE ACCOUNTING 1

2 3 hours 1. Interpret the definition of 1. Definition of Accounting Basic Expository Integrity / Accountability Assignment / Seatwork
accounting c) Lecture Chapter Quiz
2. Difference of Accounting d) Classroom
2. Compare and contrast the and Bookkeeping Discussion
difference between Accounting functions Deductive Strategy
and Bookkeeping b) Textbook Exercises
3. Fundamental concept of
3. Identify the fundamental accounting
concepts of accounting and its
basic principles 4. The Generally Accepted
Accounting Principles
3 3 hours 4. Recognize and describe the Basic Expository Integrity / Accountability
different branches of accounting 5. Branches of Accounting a) Lecture Assignment / Seatwork
b) Classroom Chapter Quiz
Discussion
Deductive Strategy
1. Identify different forms of 1. Forms of business a) Textbook Exercises
business organization organization

2. Recognize the purpose of 2. Purpose of business

business organization organization

3. Describe and recognize the 3. Activities in Business

activities of business organization
4-5 6 hours organization Basic Expository Accountability / fairness /
4. Steps to start a new a) Lecture presentation skills Assignment / Seatwork
4. Identify the steps in starting up b) Classroom Chapter Quiz
business
a new business Discussion
Deductive Strategy :
5. Accounting information
5. Illustrate the role of accounting a) Textbook Exercises
system information in business System in business
organization organization

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 MAKATI SCIENCE TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES
4410 ERL Building, Old Sta. Mesa, Manila
Tel. No. 742-2076
COLLEGE OF ACCOUNTANCY
INTERMEDIATE ACCOUNTING 1

6 1. Describe and illustrate the

basic accounting equation 1. The Accounting Equation
7 – 10 12 hours Basic Expository
2. Recognize and analyze the 2. Double Entry a) Lecture Accountability / fairness /
basic rules and proper Bookkeeping – Debits and b) Classroom presentation skills
application of debit and Credits Discussion
credits Deductive Strategy Assignment / Seatwork
a) Textbook Exercises Chapter Quiz
3. Five Major Account
3. Discuss the five major Classification and
account classification
common accounts within
4. Examine the categories and each classification
common account within
each classification 4. The Chart of Accounts
Basic Expository
11- 12 6 hours 5. Identify and formulate the a) Lecture
normal balances of each b) Classroom Accountability / fairness /
account Discussion presentation skills
Deductive Strategy
6. Organize the chart of a) Textbook Exercises Assignment / Seatwork
accounts 1. Financial Source Chapter Quiz
Documents
MID TERM EXAMINATION
2. The Accounting Cycle
13
1. Identify and locate the source 3. Journal Entries
of financial documents Basic Expository
14 - 15 6 hours 4. Adjusting Entries a) Lecture
2. Demonstrate the accounting b) Classroom
cycle 5. Worksheet Discussion Accountability / fairness /
Deductive Strategy presentation skills
3. Illustrate the accounting cycle 6. Closing Entries a) Textbook Exercises
application based on certain Assignment / Seatwork
business transactions Chapter Quiz

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 MAKATI SCIENCE TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES
4410 ERL Building, Old Sta. Mesa, Manila
Tel. No. 742-2076
COLLEGE OF ACCOUNTANCY
INTERMEDIATE ACCOUNTING 1
7. Reversing Entries
4. Identify and compare journal Basic Expository
entries , adjusting entries , a) Lecture
16-17 6 hours closing entries and reversing b) Classroom
entries Discussion
Deductive Strategy Accountability / fairness /
1. Users of Financial a) Textbook Exercises presentation skills
Statement
5. Describe and understand Assignment / Seatwork
financial worksheet 2. Objectives of Financial Chapter Quiz
18 Reporting

1. Identify the users of the 3. Balance Sheet

financial statements
4. Income Statement
2. Discuss the objectives of
financial reporting 5. Cash Flow Statement

3. Recognize and illustrate the 6. Statement of Changes in

balance sheet , income Equity
statement , cash flow statement
and changes in equity statement

1. Nature and Purpose of

Subsidiary Ledgers
PRE FINAL EXAMINATION
2. Use of Special Journals
1. Demonstrate the use of special
journals 3. Types of Special Journals

2. Describe and identify the nature 4. Cash Receipts Journal

and purpose of subsidiary
ledgers 5. Cash Disbursement
Journal

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 MAKATI SCIENCE TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES
4410 ERL Building, Old Sta. Mesa, Manila
Tel. No. 742-2076
COLLEGE OF ACCOUNTANCY
INTERMEDIATE ACCOUNTING 1
3. Describe and identify the 6. Sales / Purchase Journal
different type of special journals

4. Recognize the function of each 1. Overview of Payroll

type of special journals Accounting

2. Employee Benefits

1. Describe and demonstrate 3. Employee Deductions and

payroll accounting Employers Expenses

2. Define and identify various 4. The Payroll System

employee benefits

3. Define and understand

employee’s deduction and
employers expenses

FINAL EXAMINATION

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 MAKATI SCIENCE TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES
4410 ERL Building, Old Sta. Mesa, Manila
Tel. No. 742-2076
COLLEGE OF ACCOUNTANCY
INTERMEDIATE ACCOUNTING 1
Basic Readings /  Accounting For Business , Manuel , Zenaida Vera Cruz , 2013 Edition
Textbooks
Extended Readings  Accounting Process : Manuel , Zenaida Vera Cruz , 2013 Edition
/ References  Fundamentals of Accounting ; Hinayon , Mercedes ; Beticon, Josefina ; James , George ; 2010 Edition Volume 1
 Accounting Philippine Edition ; Warren , Carl ; Reeve, James ; Duchac , Jonathan ; 2009 Issue

Course Assessment  The expected learning outcomes for the course will be assessed through graded activities and ungraded activities.
 The graded activities include exams, written work (e.g., homework, problem sets) and performance tasks (e.g., quizzes, projects). The criteria for grading are as follows:
Prelim, Midterm and Final Grade Final Rating
Written Work (Homework, Problem Sets, etc.) 25% Midterm Grade 50%
Performance Tasks (Quizzes, Projects, Research Papers, etc.) 45% Final Grade 50%
Term Assessment (Prelim/Midterm/Final Exam) 30% Final 100%
100%
 The ungraded activities will be used to monitor student’s progress. A variety of these ungraded assessment techniques may be employed, including problems to be completed
during class, direct questioning of students, answering students’ questions in class, one-minute classroom assessment techniques, and discussions during consultation hours.
Course Policies and  Language of Instruction
Statements The language of instruction is English.

 Attendance
Students are required to attend all classes starting with the first meeting. Non-attendance in any required class or academic activity constitutes an absence. A student
who has been absent for more than 20 percent of the hours of recitation, lectures, or any other scheduled work in this course shall be automatically dropped from the
class roll and the Registrar shall be advised accordingly.

 Student Rights and Responsibilities

The Student Handbook establishes students' freedoms and protections as well as expectations of appropriate behavior and ethical academic work. The Handbook
includes items such as the Policy on Student Rights, the Policy on Student Conduct, and the Academic Integrity Policy.

 Academic Integrity
Any work that the student submits should be their own work (i.e., not borrowed/copied from any other source, including their classmates). When using other people’s
ideas to substantiate their ideas, students are expected to properly cite the original source. Proper citation procedures shall be discussed in class. Any act of cheating or
plagiarism shall be treated in accordance with the Institute’s Policy on Academic Integrity. Depending upon the individual violation, students could face penalties ranging
from failing the assignment to failing the class.

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 MAKATI SCIENCE TECHNOLOGICAL INSTITUTE OF THE PHILIPPINES
4410 ERL Building, Old Sta. Mesa, Manila
Tel. No. 742-2076
COLLEGE OF ACCOUNTANCY
INTERMEDIATE ACCOUNTING 1
Course Policies and  Grading System
Statements The students’ academic performance shall be graded in accordance with the following numerical system:
(continued) Grades Percentage Equivalent Descriptive Rating
1.00 - 97-100 - Highly Excellent
1.25 - 94-96 - Excellent
1.50 - 91-93 - Very Superior
1.75 - 88-90 - Superior
2.00 - 85-87 - Very Good
2.25 - 82-84 - Good
2.50 - 79-81 - Satisfactory
2.75 - 76-78 - Fair
3.00 - 75 - Passed
5.00 - Below 75 - Failed

 Learners with Disabilities

The Institute strives to make all learning experiences as accessible as possible. If a student anticipates or experiences barriers based on their disability (including mental
health, chronic or temporary medical conditions), the student needs to inform their instructor immediately so that they can discuss options privately. To establish
reasonable accommodations, the student needs to register in the “List of Learners with Disabilities” at the Office of Student Affairs (OSA).

 Syllabus Flexibility
The instructor reserves the right to amend or change this syllabus as needed. For example, the instructor may modify content, and/or substitute assignments in response
to institutional, weather, or class situations. Any modification, however, must be communicated by the instructor to the Academic Head via the Department Chairperson
and the Dean and cannot be implemented without the approval of the Academic Head. Approved changes shall be discussed by the instructor in class. It is however the
responsibility of the student to check information from the instructor to stay current.
Consultation Faculty Member : ____________________ ____________________________
Schedule Email-address : : _________________________________________________________________
Consultation Hours : _________________________________________________________________
Time and Venue : _________________________________________________________________

Number of Pages Prepared by: Reviewed by: Recommending Approval: Approved:

10

AY/Term of Effectivity Prof. ARIEL D. PINEDA FLODENA LEYBAG-DOLLOSO Dr. HERMENIA DAVID MR. ERIC A. DOLLOSO
2018-2019 / Sem 1 Professor/ Program Head VP-Administration Academic Head President/CEO

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