COPIES ISSUED TO:

DOCUMENT:SYLLABUS COURSE: ACCOUNTING FOR BUSINESS COMBINATIONS

College of Business and Accountancy
Learning Resource Center
DATE OF EFFECTIVITY: 25 June 2019 COURSE CODE: BADVAC1X
Faculty

VISION CORE VALUES

We are National University, a dynamic private institution committed to nation building, 1.Integrity 2. Compassion 3. Innovation 4. Industry 5. Respect 6. Resilience 7. Patriotism
recognized internationally in teaching and research.
GRADUATE ATTRIBUTES INTENDED FOR
INSTITUTIONAL LEARNING OUTCOMES (ILOs)
MISSION NATIONALIANS (GAINs)
Guided by the core values and characterized by our cultural heritage of Dynamic Filipinism, a. Exhibit the capacity for self-reflection
National University is committed to providing relevant, innovative, and accessible quality 1. Conscientious and Reflective Leader b. Exhibit the willingness to engage in self-appraisal
education and other development programs. c. Apply moral and ethical standards in leading others
We are committed to our: 4. ICT Literate and Competent d. Express ideas effectively
Communicator e. Effectively use various ICT tools to convey ideas
STUDENTS, by molding them into ethical, spiritual and responsible citizens.
6. Socially and Community-engaged Citizen f. Participate actively in community-oriented advocacies that
FACULTY and EMPLOYEES, by enhancing their competencies, cultivating their Imbued with the Spirit of Patriotism contribute to nation building
commitment and providing a just and fulfilling work environment. g. Produce alternative solutions, processes, and approaches
ALUMNI, by instilling in them a sense of pride, commitment, and loyalty to their alma mater. h. Apply problem-solving skills
7. Innovative, Creative, and Critical Thinker
INDUSTRY PARTNERS and EMPLOYERS, by providing them Nationalians who will i. Provide solutions to challenges in respective areas of
contribute to their growth and development. specialization
10.Interculturally Competent Collaborator j. Work effectively in teams of different cultures
COMMUNITY, by contributing to the improvement of life’s conditions.
11.Life- and career-skilled Individual k. Engage in continuing personal and professional development

ILO
Program Learning Outcomes (PLO) for Bachelor of Science in Accountancy
a b c d e f g h i j k
1. Student will be able to demonstrate competencies in the development, measurement, analysis, validation and      
communication of financial and other information.
2. Student will develop oral and written communication skills and critical thinking skills.     
3. Student will develop an appreciation for the role of ethics in both the profession and the business world.     
4. Student will exposed to the unique aspects of global business and accounting issues.    
5. Student will equipped to understand the use technology.    
6. Student will exposed to activities that help them work in groups.   
7. Apply knowledge and skills that enable them to successfully respond to various types of assessments (including   
professional licensure examinations and certificatons)

COURSE CODE/NAME: BADVAC1X – Accounting for Business Combinations June 2019

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COURSE DESCRIPTION

This course is designed to introduce the students to the concepts, procedures and standards relating to business combinations and related topics. Topics discussed are: Accounting for
business combinations, consolidated financial statements, foreign exchange transactions and translation.

PRE-REQUISITE(S)
Prerequisite 1: BAFACR2X

COURSE LEARNING OUTCOMES (CLO)

PLO (BSA and BSAT)

At the end of the course, the student must be able to (CLO):
1 2 3 4 5 6
1. CLO1 - Explain the basic accounting concepts, principles and reason behind the PAS/PFRS governing business    
combinations.
2. CLO2 – Apply specific standards to recognize and measure special business transactions      
3. CLO3 – Evaluate the performance of the organization and the managers in practical cases/problems.     
4. CLO4 – Determine the account balances at the end of the period for preparing financial statements.    
5. CLO5 – Prepare consolidated financial statements including the required disclosures in notes to the financial   
statements.
6. CLO6 –  
7. CLO7 –  
8. CLO8 –  
9. CLO9 -  

CREDIT
3 Units

TIME ALLOTMENT
4 hours per week

COURSE REQUIREMENTS
QUIZZES (40%) CLASS STANDING (10%) PERIODIC DEPARTMENTAL EXAMINATIONS (50%)
- Minimum of 2 major quizzes per grading period 1. Recitation

COURSE CODE/NAME: BADVAC1X – Accounting for Business Combinations June 2019

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 2. Others: - Midterm Departmental Examination
Midterm: Finals: i. Seatwork - Final Departmental Examination
Quiz No. 1 Quiz No. 3 ii. Home work
Quiz No. 2 Quiz No. 4 iii. Attendance
iv. Board work
v. Portfolio of activities

CLASS POLICIES
1. Students are required to wear the prescribed uniform inside the school premises from Mondays through Fridays except Wednesdays. Wednesdays is a business
attire day; Saturdays and Sundays are washdays wherein students must wear dresses allowed and/or specifically instructed by the College Dean.
2. Students are required to always wear their school ID and assigned school ID lace inside the school premises.
3. Students must attend at least 80% of the total credit hours of the subject to be considered enrolled
4. Cellular phones and other electronic communication devices are to be switched off or kept in silent mode during the class hours.
5. A student who fails to take any of the two major examinations may apply for a special examination upon establishing to the satisfaction of the College Dean, through
supporting documents an incapacitating physical or mental condition, the death or serious illness of an immediate family member, or other exigencies.
6. Cheating in any form before or during an examination, test or written reports is prohibited.

GRADING SYSTEM
MIDTERM GRADE COMPUTATION: TENTATIVE FINAL GRADE COMPUTATION: FINAL GRADE:
Quizzes 40% Quizzes 40%
Class standing Class standing Midterm Grade = 40%
Attendance 5% Attendance 5% Tentative Finals Grade = 60%
Assignments 5% Assignments 5% Final Grade = 100%
Seatwork / Boardwork 10% 10% Seatwork / Boardwork 10% 20%
Periodic Examination 50% Periodic examination 40%
Midterm Grade 100% Tentative Final Grade 100%

COURSE CODE/NAME: BADVAC1X – Accounting for Business Combinations June 2019

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COURSE CONTENTS

COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES
1 CLO1, CLO2 At the end of the session, the Goal Setting and Proper Planning » Discussion » Syllabus Formative
learners will be able to: - University and College vision and mission » University Assessment:
- Classroom policies Manual and » Assignment
1. Discuss the motives for - Goal setting and course planning Handbook » Seatwork
business combinations. » Recitation
2. Apply the steps in
accounting for business
combination. Topic 1: Business Combinations (PFRS 3) Summative
3. Describe the criteria Assessment:
used to account for and 1. Classifications of business combination » Pencil – Paper
disclose gain and loss 2. Defenses and basic procedures in business combination test (Quiz &
contingencies 3. Purchase method of business combination Midterm
4. Determine the goodwill 4. Measuring goodwill or gain from bargain purchase Examination)
or gain from bargain 5. Contingent consideration and remeasurements.
purchase » Lecture » Textbook
» Video » LCD
Presentation Projector
Discussion » Additional
Hand – out
Materials

CLO1, CLO2 » »
2 CLO3 At the end of the session, the Topic 2: Business Combinations (PFRS 3) » Lecture » Syllabus Formative
learners will be able to: » Discussion » Textbook Assessment:
» Demonstration » LCD » Assignment
1. Record acquisitions 1. Purchase method of business combinations » Problem solving Projector » Seatwork
using purchase method 2. Measuring goodwill or gain from bargain purchase » Additional » Recitation
2. Determine the 3. Recording acquisition by the acquirer Hand – out » Board work
combined balances 4. Intangible assets Materials
after the acquisition 5. Contingent consideration and remeasurements
date
3. Determine the goodwill
or gain from bargain
purchase Summative
4. Prepare adjustments Assessment:
regarding contingent » Pencil – Paper
consideration and test (Quiz &
remeasurements Midterm
Examination)

COURSE CODE/NAME: BADVAC1X – Accounting for Business Combinations June 2019

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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES

3 CLO1, CLO2, » Lecture » Syllabus Formative

CLO4, CLO5 At the end of the session, the Topic 3: Consolidated Financial Statements at the Date of » Discussion » Textbook Assessment:
leaners will be able to: Acquistion (100% Ownership) » Demonstration » LCD » Assignment
1. Compare the » Problem solving Projector » Seatwork
accounting treatment 1. Introduction to intercompany investment (comparison of » » » Recitation
for investment in investment in subsidiary and other investments) » Board work
subsidiary and other 2. Accounting for investment in subsidiary under cost method
investments. 3. Consolidation working paper and elimination entries
2. Record investment 4. Preparation consolidated balance sheet
transactions under both 5. Equity method in comparison to cost method
cost and equity method
3. Prepare consolidated
balance using working
paper and elimination
entries

Summative
Assessment:
» Pencil – Paper
test (Quiz &
Midterm
Examination)

4 CLO1, CLO2, At the end of the session, the Topic 4: Consolidated Financial Statements at the Date of » Lecture » Syllabus Formative
CLO4, CLO5 learners will able to: Acquistion (Less than 100% Ownership) » Discussion » Textbook Assessment:
1. Describe the » Demonstration » LCD » Assignment
valuation principles 1. Presence of Non-Controlling Interest (NCI) » Problem solving Projector » Seatwork
underlying the 2. Fair value and Proportionate Approach (Allocation of » » » Recitation
acquisition method of goodwill) » Board work
accounting for the 3. Consolidation procedures and elimination entries
NCI 4. Equity method in comparison to cost method
2. Allocate consolidated
net income across
the controlling and
NCI
3. Identify and calculate
the four NCI figures
that must be
included within the
consolidation Summative
process and prepare Assessment:
a consolidation » Pencil – Paper
worksheet in the test (Quiz &
presence of a NCI Midterm

COURSE CODE/NAME: BADVAC1X – Accounting for Business Combinations June 2019

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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES
Examination)

5 CLO4, CLO5 At the end of the session, the Topic 5: Consolidated Financial Statements subsequent to the » Lecture » Syllabus Formative
learners will be able to: date of acquisition » Discussion » Textbook Assessment:
» Demonstration » LCD » Assignment
1. Identify and calculate 1. Consolidation procedures and working paper elimination entries » Problem solving Projector » Seatwork
the four NCI figures 2. Preparation of consolidated financial statements » » » Recitation
that must be 3. Balance of NCI in subsequent years » Board work
included within the 4. Step acquisition and deconsolidation
consolidation 5. Push down accounting
process and prepare 6. Comparison with PFRS for SME’s
a consolidation
worksheet in the
presence of a NCI Summative
2. Understand the Assessment:
impact on » Pencil – Paper
consolidated test (Quiz &
financial statements Midterm
when a step Examination)
acquisition and
deconsolidation has
taken place
3. Compare PFRS 3
and 10 with PFRS
for SME’s
6 CLO4, CLO5 At the end of the session, the Topic 6: Consolidated Financial Statements: Intra Asset » Lecture » Syllabus Formative
learners will be able to: Transactions » Discussion » Textbook Assessment:
1. Understand the » Demonstration » LCD » Assignment
reason behind the 1. Sales and purchases » Problem solving Projector » Seatwork
elimination entry for 2. Unrealized gross profit in inventory » » » Recitation
intra asset sales 3. Downstream sales and upstream sales » Board work
2. Prepare elimination 4. Effect of NCI valuation
entry to remove 5. Land transfers
unrealized gross 6. Depreciable assets
profit from intra 7. Consolidated balances
company sale
3. Determine the Summative
consolidated Assessment:
balances including » Pencil – Paper
NCI test (Quiz &
Midterm
Examination)
7
MIDTERM EXAMINATION

COURSE CODE/NAME: BADVAC1X – Accounting for Business Combinations June 2019

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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES
8 CLO4, CLO5 At the end of the course the Topic 7: Consolidated Financial Statements: Intra Asset » Lecture » Syllabus Formative
student should be able to: Transactions » Discussion » Textbook Assessment:
» Demonstration » LCD » Assignment
1. Understand the reason 1. Sales and purchases » Problem solving Projector » Seatwork
behind the elimination 2. Unrealized gross profit in inventory » » Recitation
entry for intra asset 3. Downstream sales and upstream sales » Board work
sales 4. Effect of NCI valuation
2. Prepare elimination 5. Land transfers
entry to remove 6. Depreciable assets
unrealized gross profit 7. Consolidated balances
from intra company
sale Summative
3. Determine the Assessment:
consolidated balances » Pencil – Paper
including NCI test (Quiz &
Midterm
Examination)
»
9 CLO1, CLO2 At the end of the session, the Topic 8: Joint Operations » Lecture » Syllabus Formative
learners will be able to: » Discussion » Textbook Assessment:
1. Understand the 1. Joint control » Demonstration » LCD » Assignment
concept of joint control 2. Accounting for joint operations Projector » Seatwork
as distinguished from a. Partnership in nature » » Recitation
sole control and b. Unincorporated entity » Board work
significant influence 3. Accounting for joint venture
2. Record transactions 4. PFRS for SME’s
joint operations
3. Record transactions
for joint venture

Summative
Assessment:
» Pencil – Paper
test (Quiz &
Final
Examination)

COURSE CODE/NAME: BADVAC1X – Accounting for Business Combinations June 2019

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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES
10 CLO1, CLO2, At the end of the session, the Topic 9: Home Office and Branch (General Procedures) » Lecture » Syllabus Formative
CLO3 students will be able to: » Discussion » Textbook Assessment:
1. Accounting for Agency » Demonstration » LCD » Assignment
1. Record transactions 2. Accounting for branches » Problem solving Projector » Seatwork
between home office 3. Reconciliation of home office and branch accounts » » » Recitation
and branches 4. Preparation of separate and combined financial statements » Board work
2. Reconcile
intercompany
balances between
home office and
branch.
3. Prepare separate
and combined
financial statements
of home office and
branches
Summative
Assessment:
» Pencil – Paper
test (Quiz &
Final
Examination)

11 CLO4, CLO5 At the end of the session, the Topic 10: Home Office and Branch (Special Procedures) » Lecture » Syllabus Formative
students will be able to: » Discussion » Textbook Assessment:
1. Shipments of merchandise at billed price » Demonstration » LCD » Assignment
1. Record transfers of 2. Determination of branch income » Problem solving Projector » Seatwork
merchandise at billed 3. Interbranch transfers » » » Recitation
price » Board work
2. Determine the
balance of
unrealized profit and
true branch net
income.
3. Record transfers of
assets between
branches.

Summative
Assessment:
» Pencil – Paper
test (Quiz &
Final
Examination)

COURSE CODE/NAME: BADVAC1X – Accounting for Business Combinations June 2019

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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES

11 CLO1, CLO2 At the end of the session, the Topic 11: Variable Interest Entities, Cash flows and Other Issues » Lecture » Syllabus Formative
- learners will be able to: » Discussion » Textbook Assessment:
12 1. Variable Interest Entities (VIE) » Demonstration » LCD » Assignment
1. Describe a variable 2. Consolidation of VIE. » Problem solving Projector » Seatwork
interest entity, a 3. Intracompany debt transactions. » » » Recitation
primary beneficiary, 4. Cash flows » Board work
and the factors used 5. Subsidiary’s preferred stock
to decide when a 6. EPS reporting
variable interest
entity issubject to
consolidation
2. Prepare consolidated
cash flows
3. Determine the basic
and diluted EPS for
consolidated entity Summative
Assessment:
» Pencil – Paper
test (Quiz &
Final
Examination)

12 CLO3, CLO5 At the end of the session, the Topic 12: Full Disclosure in Financial Reporting » Lecture » Syllabus Formative
- learners will be able to: » Discussion » Textbook Assessment:
13 1. Prepare and classify 1. Statement of Financial Position » Demonstration » LCD » Assignment
properly items in 2. Statement of Comprehensive Income » Problem solving Projector » Seatwork
statement of financial 3. Statement of Changes in Equity » Additional » Recitation
position. 4. Notes to the Financial Statements Hand – out » Board work
2. Prepare and classify 5. Related parties and events after reporting period Materials
properly items in 6. Interim reporting
statement of 7. Segment reporting
comprehensive. 8. Discontinued operation and Non-current assets held for sale
3. Describe the
required disclosures
in notes to the
financial statements.

Summative
Assessment:
» Pencil – Paper
test (Quiz &
Final
Examination)

COURSE CODE/NAME: BADVAC1X – Accounting for Business Combinations June 2019

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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES

13.5 FINAL EXAMINATION

TEXTBOOK
[1] Guerrero and Peralta, 2017, Advanced Accounting: Principles and Applications Vol 2. GIC Enterprises, Manila
[2]
REQUIRED RESOURCES
[3] Dayag, Antonio J. 2019, CPA Examination Review Manual: Advanced Financial Accounting. Review School of Accountancy, Manila
[4] Guerrero, Pedro, 2019, CPA Examination Review: Advanced Financial Accounting and Reporting. GIC Enterprises, Manila
[5] Dayag, Antonio J. 2016, Advanced Financial Accounting Vol II. Review School of Accountancy, Manila
[6]
RECOMMENDED RESOURCES
1. PFRS (2018), PICPA Northern Metro Manila Chapter, Mandaluyong City
2. Pearl Hock-Neo Tan, Peter Lip Nyean Lee, 2015. Advanced Financial Accounting: An IAS and IFRS Approach, McGraw-Hill, Singapore
3. Kieso, Weygandt, Warfield. (2019). Intermediate Accounting, IFRS Edition. John, Wiley and Sons: New Jersey.
4. Joe Ben Hoyle and Thomas Schaefer and Timothy Doupnik 2015, Advanced Accounting. 12th Edition, McGraw-Hill, New York City

RUBRICS

RUBRIC FOR PORTFOLIO

CRITERIA EXCELLENT
5 points
ORGANIZATION The portfolio is extremely well
organized in chronological and
logical order. A reader can
easily find things.
NEATNESS All of the documents in the
portfolio are clean and not
crumpled.
COMPLETENESS The portfolio contains all of the
required documents.
CREATIVITY The portfolio is extremely well-
designed and attractive.
VERY SATISFACTORY
SATISFACTORY 3 points
4 points
The portfolio is well organized
in chronological and logical
order. A reader has little
difficulty in finding things.
More than half of the
documents in the portfolio are
clean and not crumpled.
The portfolio contains up to
90% of the required documents.
The portfolio is well-designed
and attractive.
The portfolio is fairly well
organized in chronological and
logical order. A reader has
minimum difficulty in finding
things.
Half of the documents in the
portfolio are clean and not
crumpled.
The portfolio contains 75% up
to 89% of the required
documents.
The portfolio is fairly designed
and attractive.
UNSATISFACTORY
1 points
The portfolio shows some attempt at
organization. A reader has a hard time
in finding things.
Less than half of the documents in the
portfolio are clean and not crumpled.
The portfolio contains less than 75%
of the required documents.
The portfolio is poorly designed.

COURSE CODE/NAME: BADVAC1X – Accounting for Business Combinations June 2019

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 Total Score
Rating= ×100 %
20

PREPARED BY: REVIEWED BY: NOTED BY: APPROVED BY:

MICHAEL GATCHALIAN, CPA, MBA

Faculty, College of Business and Accountancy TESSIE CUA, LPT, CPA, MBA JEOJILYN G. NABOR, MLIS, RL MA. TERESA V. GONZALES, CPA, CAT, PhD
Chair, Accountancy – CBA LRC Director Dean, CBA

COURSE CODE/NAME: BADVAC1X – Accounting for Business Combinations June 2019

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