DOCUMENT: SYLLABUS COURSE: Income Taxation COPIES ISSUED TO:

College of Business and Accountancy

DATE OF EFFECTIVITY: 17 August 2020 COURSE CODE: BAINCTAX Learning Resource Center
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: 2. 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.
3. 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
4. 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
5. Interculturally Competent Collaborator j. Work effectively in teams of different cultures
COMMUNITY, by contributing to the improvement of life’s conditions.
6. Life- and career-skilled Individual k. Engage in continuing personal and professional development

Program Learning Outcomes (PLO) for Bachelor of Science in Accountancy ILO

1 2 3 4 5 6
1. PLO1: Student will be able to demonstrate competencies in the development, measurement, analysis, validation and communication of
financial and other information.
 
2. PLO2: Student will develop oral and written communication skills and critical thinking skills.   
3. PLO3: Student will develop an appreciation for the role of ethics in both the profession and the business world.  
4. PLO4: Student will be exposed to the unique aspects of global business and accounting issues.   
5. PLO5: Student will be equipped to understand the use technology. 
6. PLO6: Student will be exposed to activities that help them work in groups.   

COURSE DESCRIPTION
This course equips students with the profound knowledge of income taxation in accordance with the National Internal Revenue Code (NIRC) of the Philippines and recent statutes and issuances of taxing authorities. It
pertains to the basic principles and rules of the income tax system as these apply to individuals, partnerships, estates and trusts, and corporations. It covers overview of the national tax system, the income taxation of
employees, unincorporated and incorporated businesses. It provides the students with constructs of capital gains tax, final tax on certain passive income, and the annual regular income tax. Included herein are other
taxation constructs such as minimum corporate income tax, normal tax and the improperly accumulated profits tax of corporations and withholding taxes. This course develops students’ competencies on the
preparation of various income tax returns arising from various taxable transactions.
PRE-REQUISITE(S)
BAFACR4X – Intermediate Accounting III
COURSE LEARNING OUTCOMES (CLO)
At the end of the course, the student will be able to: PROGRAM LEARNING OUTCOMES
1 2 3 4 5 6
1. CLO1: Cite the governing income tax laws provisions and regulations necessary for business operations,
   
persons, and corporate entities.
2. CLO2: Discuss the purpose and content of the governing income tax law principles, provisions and latest
   
issuances by the taxing authorities.
3. CLO3: Integrate provisions of the tax laws in dealing with problems likely to be encountered in the licensure
     
examination and professional practice.
4. CLO4: Prepare income tax forms and tax reports for individuals and corporate taxpayers given the
    
transactions for each respective taxable period.

CREDIT
3 Units

TIME ALLOTMENT
4 hours lecture every week

COURSE REQUIREMENTS

Requirements: Compilation of Accomplished BIR Forms on Income Taxation Practice Set;

Compilation of course portfolio

QUIZZES (40%) CLASS STANDING (10%) PERIODIC DEPARTMENTAL EXAMINATIONS (50%)

- Minimum of 4 major quizzes per grading period
1. Recitation - Midterm Departmental Examination
Midterm: Finals: 2. Assignment - Final Departmental Examination
Quiz No. 1 Quiz No. 5 3. Group Discussion
4. Others:
Quiz No. 2 Quiz No. 6 i. Seatwork
Quiz No. 3 Quiz No. 7 ii. Attendance
Quiz No. 4 Quiz No. 8 iii. Board work

CLASS POLICIES
Face-to-Face Classes
1. Students are required to wear the prescribed uniform inside the school premises from Mondays through Fridays except Wednesdays. Wednesdays, 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.

Online Classes
1. Students are encouraged to regularly attend in synchronous meetings.
2. Students are encouraged to read the course materials in advance to facilitate easier understanding during synchronous meetings.

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 3. Students should contact their professor the soonest in case of expected or actual failure to accomplish course requirements within established deadlines for reasons
or circumstances beyond the students’ control.
4. Students are encouraged to raise their concerns to their professor during the class schedule. They may, however, do so beyond said time schedule if the professor expressly allows so. Students should also
consider unavailability of the professor to immediately response to student concerns if raised during untimely hours.
5. Students are encouraged to contact their professors via the preferred channel of MS Teams. They may, however, use other channels, e.g. Messenger, if the professor expressly allows so.
6. Unless explicitly permitted for collaboration, students must submit their own work on all course requirements.
7. Students should not engage in any activity that will dishonestly improve your results or dishonestly improve or damage the results of others.

GRADING SYSTEM
MIDTERM GRADE COMPUTATION: TENTATIVE FINAL GRADE COMPUTATION:
Quizzes 40% Quizzes 40%
Class Standing Class Standing
Attendance 2% Attendance 2%
Assignments 3% Assignments 3%
Classworks / Practical Tests 5% 10% Classworks / Practical Tests 5% 10%
Periodic Examination 50% Periodic Examination 50%
Midterm Grade 100% Tentative Final Grade 100%

Midterm Grade = 40%

Tentative Finals Grade = 60%
Final Grade = 100%

COURSE CONTENTS

COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES OUTCOMES
CLO1 At the end of the session, the learners will be able to: Goal Setting and Proper Planning » Discussion » Syllabus
1. Oriented to the school policies and the course; and - University and College Vision » University Manual
2. Explain institutional philosophies, values and and Mission and Handbook
policies, examine the goal setting created in the - Class Policies
light of undertakings in this course, and apply the - Goal Setting and Course
institutional values in the life–long pursuit of the Planning
professional career.
CLO1 At the end of the session, the learners will be able to: Topic 1: General Principles of » Discussion » Module No. 1 Formative
1. Identify and differentiate the three inherent powers Taxation » Problem-based » Textbook Assessment:
of the state; 1. Inherent Powers of the State » Video Lecture » Additional Online » Assignment
2. Explain the definition of taxation; 2. Definition of Taxation » Case Study Readings » Seatwork
3. Discuss the different fundamental theories and 3. Fundamental Theories and » Recitation
1
doctrines in taxation; Doctrines in Taxation » Case Study
4. Define the scope of taxation and classify the 4. Scope and Limitations of Taxation
sources of its limitations; 5. Stages of Taxation Summative
5. Explain the stages on the exercise of the power of 6. Situs of Taxation Assessment:
taxation; 7. Double Taxation » Online/Pen-and
6. Identify the situs of taxable events; 8. Escapes from Taxation Paper Exam (Quiz
7. Explain the characteristics of double taxation; & Midterm
8. Identify the different methods of escaping from Examination)
taxation and explain the effects on government
revenue collections; and
9. Differentiate tax amnesty from tax condonation.

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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES OUTCOMES
CLO1 At the end of the session, the learners will be able to: Topic 2: Taxes, Laws, Systems and » Discussion » Module No. 2 Formative
1. Define taxes and identify its essential elements; Administration » Problem-based » Textbook Assessment:
2. Classify taxes as to different criterion and 1. Taxes » Video Lecture » Additional Online » Assignment
differentiate them as to other government revenues; a. Definition » Case Study Readings » Seatwork
3. Define tax laws and its types, sources and nature; b. Elements » Tax Code » Recitation
4. Explain the rules on the interpretation of vague tax c. Classification » Revenue » Case Study
laws; d. Difference on other Issuances
5. Differentiate the relevant issuances related to the Government Collections Summative
administration of tax laws; 2. Tax Laws Assessment:
6. Describe the characteristics of a sound tax system; a. Definition » Online/Pen-and
7. Differentiate the various tax collection systems; b. Types Paper Exam (Quiz
8. Define tax administration; c. Sources & Midterm
9. Enumerate the powers of the BIR; d. Nature Examination)
10. Identify the different officials of the BIR; e. Interpretation
11. Enumerate the powers of the CIR and determine if it f. Administrative Issuances
can be delegated or not; 3. Tax System
12. Identify the other revenue-related government a. Principles of Sound Tax
bodies; and System
13. Identify the criteria for determining large taxpayers. b. Tax Collection Systems
4. Tax Administration
a. Definition
b. Powers of BIR and CIR
c. Other Revenue-Related
Government Bodies
5. Taxpayer Classifications
CLO2 At the end of the session, the learners will be able to: Topic 3: Income Tax Concepts » Discussion » Module No. 3 Formative
1. Explain the concepts for gross income; 1. Concept of Gross Income » Problem-based » Textbook Assessment:
2. Identify and differentiate the different classifications 2. Recovery of Loss Capital vs. » Video Lecture » Additional Online » Assignment
of income taxpayers; Recovery of Loss Profits » Case Study Readings » Seatwork
3. Explain the general rules in income taxation; 3. Concept of Realized Benefit and » Tax Code » Recitation
4. Differentiate the treatment of recovery of loss capital Modes of Realization » Revenue » Case Study
and loss profits; 4. Types of Income Taxpayers Issuances
5. Explain the concepts of realized benefit and identify a. Individuals Summative
the modes where income is realized; and b. Corporations Assessment:
6. Identify the situs of income taxes. 5. Income Tax Situs Rules » Online/Pen-and
Paper Exam (Quiz
& Midterm
Examination)
2
» eBIR Practical
Test
CLO2, CLO3, CLO4 At the end of the session, the learners will be able to: Topic 4: Income Tax Reporting » Discussion » Module No. 4 Formative
1. Differentiate the three income tax schemes; 1. Income Tax Schemes » Problem-based » Textbook Assessment:
2. Determine what accounting periods to use for tax 2. Accounting Periods » Video Lecture » Additional Online » Assignment
reporting; 3. Accounting Methods » Case Study Readings » Seatwork
3. Apply the different accounting methods in tax 4. Reporting » Tax Code » Recitation
reporting; and » Revenue » Case Study
4. Define the types of returns for filing and payment of Issuances
income taxes. Summative
Assessment:
» Online/Pen-and
Paper Exam (Quiz

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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES OUTCOMES
& Midterm
Examination)
CLO2, CLO3, CLO4 At the end of the session, the learners will be able to: Topic 5: Final Income Taxation » Discussion » Module No. 5 Formative
1. Define the characteristics of final income taxation; 1. Definition » Problem-based » Textbook Assessment:
2. Differentiate passive and active income; 2. Features » Video Lecture » Additional Online » Assignment
3. Explain the coverage of final taxes on income of 3. Passive and Active Income » Case Study Readings » Seatwork
non-residents; 4. General Coverage » Tax Code » Recitation
4. Identify the final tax rates for different income types; 5. Tax Rates » Revenue » Case Study
5. Properly journalize final taxes in the books of the a. Interest Income Issuances
payor and payee; and b. Decedent’s Account Summative
3 6. Identify the required forms to be filed and their c. Tax-Free Bonds Assessment:
deadlines. d. Dividends » Online/Pen-and
e. Share in Net Income Paper Exam (Quiz
f. Royalties & Midterm
g. Prizes and Winnings Examination)
h. Informer’s Reward » eBIR Practical
i. Other Items Test
6. Accounting for Final Taxes
7. Filing and Payment
CLO2, CLO3, CLO4 At the end of the session, the learners will be able to: Topic 6: Capital Gains Taxation » Discussion » Module No. 6 Formative
1. Explain the rules on classifying assets; 1. Asset Classification Rules » Problem-based » Textbook Assessment:
2. Compute for the capital gains tax on sale of real 2. CGT on Sale of Real Properties » Video Lecture » Additional Online » Assignment
properties; 3. Exemption on Principal Residence Readings » Seatwork
3. Explain the exemption on sale of real properties 4. Documentary Stamp Tax » Tax Code » Recitation
considered as principal residence; 5. CGT on Sale of Domestic Shares » Revenue
4. Compute for the documentary stamp tax on sale of 6. Wash Sales Issuances Summative
4
real properties; 7. Tax-Free Exchanges Assessment:
5. Compute for the capital gains tax on sale of 8. Filing and Payment » Online/Pen-and
domestic shares directly to buyer; Paper Exam (Quiz
6. Explain the rules on wash sales; & Midterm
7. Explain the rules on tax-free exchanges; and Examination)
8. Identify the required forms to be filed and their » eBIR Practical
deadlines. Test
CLO2, CLO3, CLO4 At the end of the session, the learners will be able to: Topic 7: Introduction to Regular » Discussion » Module No. 7 Formative
1. Describe the characteristics of regular income tax; Income Tax » Problem-based » Textbook Assessment:
2. Illustrate the regular income tax model and its 1. Characteristics of Regular Income » Video Lecture » Additional Online » Assignment
components; Tax Readings » Seatwork
3. Identify the relevant returns for regular income tax; 2. Regular Income Tax Model » Tax Code » Recitation
4. Differentiate computation of taxable income for 3. Regular Income Tax Returns » Revenue
special taxpayers; 4. Special Taxpayers Issuances Summative
5
5. Explain the effects of choosing the 8% income tax; 5. 8% Optional Income Tax Assessment:
6. Compute the income tax due; 6. Globalization Rule » Online/Pen-and
7. Explain the globalization rule for mixed income 7. Rounding Rules Paper Exam (Quiz
earners; 8. Required Attachments & Midterm
8. Apply the rules on rounding in accomplishing . \ Examination)
returns; and » eBIR Practical
9. Identify the required attachments for each return. Test
CLO2, CLO3, CLO4 At the end of the session, the learners will be able to: Topic 8: Exclusions from Gross » Discussion » Module No. 8 Formative
1. Identify the various items of exempt income as Income » Problem-based » Textbook Assessment:
6
provided by the NIRC and special laws; and 1. NIRC-exempt Income » Video Lecture » Additional Online » Assignment
2. Explain the scope of the income tax exemption of 2. Exempt income from special laws Readings » Seatwork

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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES OUTCOMES
minimum wage earners and BMBEs; 3. MWEs » Tax Code » Recitation
4. BMBEs » Revenue
Issuances Summative
Assessment:
» Online/Pen-and
Paper Exam (Quiz
& Midterm
Examination)
CLO2, CLO3, CLO4 At the end of the session, the learners will be able to: Topic 9: Inclusions on Gross Income » Discussion » Module No. 9 Formative
1. Identify the different sources of reportable gross 1. Sources of Gross Income » Problem-based » Textbook Assessment:
income; 2. Special Considerations » Video Lecture » Additional Online » Assignment
2. Explain the different principles to be considered in 3. VAT and CWT Readings » Seatwork
reporting items of income under gross income; and » Tax Code » Recitation
3. Eliminate the effects of value-added tax and » Revenue
creditable withholding tax in computing the gross Issuances Summative
income Assessment:
» Online/Pen-and
Paper Exam (Quiz
& Midterm
Examination)

7 MIDTERM EXAMINATION

CLO2, CLO3, CLO4 At the end of the session, the learners will be able to: Topic 10: Compensation Income » Discussion » Module No. 10 Formative
1. Classify employees as to function and taxability; 1. Types of Employees » Problem-based » Textbook Assessment:
2. Identify the non0taxable compensation income; 2. Exempt Compensation Income » Video Lecture » Additional Online » Assignment
3. Apply the limits on de minimis benefits and 3. De Minimis Benefits Readings » Seatwork
determining the tax treatment for the excess; 4. 13th Month Pay and Other Benefits » Tax Code » Recitation
4. Identify the components of 13th month pay and other 5. Regular Compensation » Revenue
benefits and determine taxability by applying the 6. Supplementary Compensation Issuances Summative
8
exemption threshold; 7. Filing and Deadline of Returns Assessment:
5. Identify the components of regular and » Online/Pen-and
supplementary compensation; and Paper Exam (Quiz
6. Identify the relevant returns for compensation & Final
income on both parts of the employer and Examination)
employee. » eBIR Practical
Test
CLO2, CLO3, CLO4 At the end of the session, the learners will be able to: Topic 11: Fringe Benefit Tax » Discussion » Module No. 11 Formative
1. Define fringe benefit tax and de minimis benefits; 1. Fringe Benefit » Problem-based » Textbook Assessment:
2. Identify the tax base, tax rate, and valuation of 2. Fringe Benefit Tax » Video Lecture » Additional Online » Assignment
fringe benefit tax; 3. Tax treatment nature and items of Readings » Seatwork
3. Compute the fringe benefit tax; fringe benefit subject to tax. » Tax Code » Recitation
4. Discuss the special rule in computing monetary 4. The special rules in computing » Revenue
value of items subject to fringe benefit tax; and monetary value of different items of Issuances Summative
9
5. Identify the relevant returns and their deadlines for fringe benefit Assessment:
filing. 5. Accounting for Fringe Benefit Tax » Online/Pen-and
6. Fling and Deadline of Returns Paper Exam (Quiz
& Final
Examination)
» eBIR Practical
Test

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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES OUTCOMES
CLO2, CLO3, CLO4 At the end of the session, the learners will be able to: Topic 12: Dealings in Properties » Discussion » Module No. 12 Formative
1. Explain dealings in properties transaction; 1. Dealing in properties » Problem-based » Textbook Assessment:
2. Compute capital gains and losses; and 2. Holding Period » Video Lecture » Additional Online » Assignment
3. Discuss the rules in capital gains and losses as to 3. Applicable income tax for Capital Readings » Seatwork
the valuation, the holding period and the gain or losses » Tax Code » Recitation
corresponding rates to be use. 4. Net capital loss carry - over. » Revenue
5. Capital gain subject to basic taxes, Issuances Summative
percentage tax, and capital gain Assessment:
taxes. » Online/Pen-and
Paper Exam (Quiz
& Final
Examination)
CLO2, CLO3, CLO4 At the end of the session, the learners will be able to: Topic 13: Regular Deductions » Discussion » Module No. 13 Formative
1. Understand the different principles in claiming 1. Principles of Deductions » Problem-based » Textbook Assessment:
deductions; and 2. Regular Itemized Deductions » Video Lecture » Additional Online » Assignment
2. Identify the regular items under itemized deductions Readings » Seatwork
and requisites for deductibility. » Tax Code » Recitation
» Revenue
10
Issuances Summative
Assessment:
» Online/Pen-and
Paper Exam (Quiz
& Final
Examination)
CLO2, CLO3, CLO4 At the end of the session, the learners will be able to: Topic 14: Special Deductions » Discussion » Module No. 14 Formative
1. Identify the special items under itemized deductions 1. Special Itemized Deductions » Problem-based » Textbook Assessment:
and requisites for deductibility; and 2. Optional Standard Deduction » Video Lecture » Additional Online » Assignment
2. Explain the effects of choosing the optional Readings » Seatwork
standard deduction, including computing the » Tax Code » Recitation
deductible amount and its basis. » Revenue
11
Issuances Summative
Assessment:
» Online/Pen-and
Paper Exam (Quiz
& Final
Examination)
CLO2, CLO3, CLO4 At the end of the session, the learners will be able to: Topic 15: Tax Credits » Discussion » Module No. 15 Formative
1. Explain the effect of the withholding on deductibility 1. Withholding Rule » Problem-based » Textbook Assessment:
of an expense; 2. Withholding Tax on Compensation » Video Lecture » Additional Online » Assignment
2. Compute for the withholding tax on compensation; 3. Expanded Withholding Tax Readings » Seatwork
3. Compute for the expanded withholding tax; 4. Accounting for Creditable » Tax Code » Recitation
4. Illustrate recording of creditable withholding taxes Withholding Taxes » Revenue
on both books of payor and payee; 5. Filing and Deadline of Returns Issuances Summative
12 5. Identify the relevant returns and their deadlines for 6. Foreign Tax Credits Assessment:
filing; » Online/Pen-and
6. Compute for the creditable amount of foreign tax Paper Exam (Quiz
paid. & Final
Examination)
» eBIR Practical
Test

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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES OUTCOMES
CLO2, CLO3, CLO4 At the end of the session, the learners will be able to: Topic 16: Corporations » Discussion » Module No. 16 Formative
1. Compute for the regular income tax of corporations; 1. Regular Income Tax » Problem-based » Textbook Assessment:
2. Determine applicability of the minimum corporate 2. Minimum Corporate Income Tax » Video Lecture » Additional Online » Assignment
income tax and deductibility of excess MCIT; 3. Improperly Accumulated Earnings Readings » Seatwork
3. Determine applicability of the IAET; Tax » Tax Code » Recitation
4. Compute for the branch profit remittance tax; and 4. Branch Profit Remittance Tax » Revenue
13
5. Discuss the concepts, rules and tax rates of special 5. Special Corporations Issuances Summative
corporation. » Assessment:
» Online/Pen-and
Paper Exam (Quiz
& Final
Examination)

13.5 FINAL EXAMINATION

TEXTBOOK
Banggawan, R. (2019). Income Taxation. Baguio City: Real Excellence Publishing, Inc.

SUGGESTED READINGS AND REFERENCES

Valencia, E. and Roxas, G. (2017). Income Taxation: Principles and Laws with Accounting Applications. Mandaluyong City: Millennium Books, Inc.
Tabag, E. and Garcia,J. (2019). Income Taxation with Special Topics in Taxation. Mandaluyong City: Millennium Books, Inc. .
Reyes, V. (2019). Income Tax Law and Accounting under the TRAIN Law. Manila: GIC Enterprises & Co., Inc.
Ampongan O. (2019). Income Taxation. Mandaluyong City: Millennium Books, Inc.
Revenue Issuances. Retrieved from the Bureau of Internal Revenue database.

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

LESTER P. ACOBA, CPA, CTT JANUS ARIES Q. SIMBILLO, CPA, MBA JEOJILYN G. NABOR, MLIS, RL MARIA LOUELLA P. STA. MARIA, MBA
Faculty Member Chair, Accountancy – CBA Senior Director, Learning Resource Center OIC, College of Business and Accountancy

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