Republic of the Philippines

Polytechnic University of the Philippines

OFFICE OF THE VICE-PRESIDENT FOR ACADEMIC AFFAIRS
COLLEGE OF ACCOUNTANCY AND FINANCE

COURSE SYLLABUS and LEARNING PLAN

DEPARTMENT OF LAW

COURSE TITLE : BUSINESS LAWS AND REGULATIONS

COURSE CODE : LAW 20023
CREDIT UNITS : THREE (3) UNITS
COURSE PREREQUISITE : LAW 20013
COURSE DESCRIPTION : This subject tests the candidates’ knowledge of the legal implications of business laws and regulations, particularly as they relate to accounting and auditing situations. Candidates
should know and understand the pertinent legal provisions, general principles, concepts, and underlying philosophy of law. The business laws and regulations examination is not
intended to test the candidates’ competence to practica law or their expertise in legal matters but to determine that their knowledge is sufficient to enable them to recognize the legal
implications of business situations, apply the underlying principles of law to accounting and auditing, and know when to seek legal counsel or recommend that it be sought. The
examination will contain a minimum of 50 and maximum of 75 multiple choice questions, allocated to different subject areas.

Institutional Learning Outcomes Program Outcomes Course Outcomes

1. Creative and Critical Thinking
Graduates use their imaginative as well as arational thinking abilities to
life situations in order to push boundaries, realize possibilities, and
deepen their interdisciplinary and general understanding of the world.
2. Effective Communication
Graduates are proficient in the four macro skills in communication
(reading, writing, listening, and speaking) and are able to use these skills
in solving problems. Making decisions, and articulating thoughts when
engaging with people in various circumstances.
3. Strong Service Orientation
Graduates exemplify the potentialities of an efficient, well-rounded and
responsible professional deeply committed to service excellence
4. Community Engagement
Graduates take an active role in the promorion and fulfillment of various
advocacies (educational, social and environmental) for the advancement
of community welfare.
5. Adeptness in the Responsible Use of Technology
Graduates demonstrate optimized use of digital learning abilities,
including technical and numerical skills.
6. Passion to Lifelong Learning
A graduate of Bachelor in Accountancy should be able to:
1. Demonstrate working knowledge in the areas of financial
accounting and reporting, cost accounting and cost management,
management accounting, auditing, accounting information systems
and accounting research.
2. Demonstrates self-confidence in performing functions as a
professional accountant.
3. Employ technology as a business tool in capturing financial and
non-financial information, preparing reports and making decisions.
4. Apply acquired knowledge and skills to pass professional
licensure/certification examinations.
5. Appraise ethical problems/issues in practical business and
accounting situations, and recommend appropriate course of action
that adheres to th professional code of ethics.
Upon completion of the course, the students will be able to:
1. Tests their knowledge of the legal implications of business laws
and regulations, particularly as they relate to accounting and
auditing situations.
2. Know and understand the pertinent legal provisions, general
principles, concepts, and underlying philosophy of law.
3. Obtain sufficient knowledge to enable them to recognize the legal
implications of business situations, apply the underlying principles
of law to accounting and auditing, and know when to seek legal
counsel or recommend that it be sought.

5th Floor, Dome, PUP A. Mabini Campus, Anonas Street, Sta. Mesa, Manila 1016
Direct Line: 335-1752 | Trunk Line: 335-1787 or 335-1777 local 364, 365 and 263
Website: www.pup.edu.ph | lmlcafpup@gmail.com

THE C 1st POLYTECHNICU ISO 9001:2015 CERTIFIED

CERTIFICATE NUMBER: AJA18-0190
 Graduates are enabled to perform and function in the society by taking
responsibility in their quest toknow more about the world through
lifelong learning.

7. High Level of Leadership and Organizational Skills

Graduates are developed to become the best professionals in their
respective disciplines by manifesting the appropriate skills and
leaderships qualities.
8. Sense of Personal and Professional Ethics
Graduates show desirable attitudes and behavior either in their personal
and professional circumstances.
9. Sense of National and Global Responsiveness
Graduates’ deep sense of national compliments the need to live in a
global village where one’s culture and other people culture are
respected.
Course Plan

Week Topic Learning Outcomes Methodologies Resources Assessment

1 Class Management The learner will be: 1. Lecture and discussion 1. Course Syllabus 1. Designation/election of class
1. Introduction 1. Aware of the course syllabus 2. Sharing insights, and entertaining 2. Revised Student Handbook officers
2. Discussion of course syllabus 2. Informed/notified of the questions by the students for 2. Preparation of permanent seat
3. Laying of classroom rules and policies, grading system, classroom rules and policies, clarification plan
and references grading system, and references 3. Summary of insights,
discussions and clarifications
2 Law on Partnerships After the session, the student is 1. Recitation and discussion 1. Civil Code of the Philippines 1. Discussion and summary
1. Definition and Nature expected to: 2. Case study 2. Quiz
a. Distinguished from corporation 1. Be knowledgeable on the basic 3. Lecture
2. Characteristics concept of partnership 4. Quiz
3. Elements/Requisites 2. Identify the kinds of
4. Kinds partnerships and the partners
a. Partnership 3. Discuss the obligations of the
b. Partners partners
5. Obligations of the Partners
3 Law on Partnership After the session, the student is 1. Recitation and discussion 1. Civil Code of the Philippines 1. Discussion and summary
1. Registration expected to: 2. Case study 2. Quiz
a. Formalities Required 1. Discuss the formalities required 3. Lecture
2. Rules of Management under the law for its registration 4. Quiz
3. Distribution of Profits and Losses 2. Identify the rules pertaining to
the managment of partnership
3. Be knowlegeable on how the
profits and losses are distributed
4. Law on Partnership After the session, the student is 1. Recitation and discussion 1. Civil Code of the Philippines 1. Discussion and summary
1. Sharing of Losses and Liabilities expected to: 2. Case study 2. Quiz
2. Dissolution and Winding Up 1. Identify the rules regarding the 3. Lecture

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 3. Limited Partnership sharing of losses and libilities 4. Quiz
2. Be knowlegeable on the
dissolution and winding up of
partnership
3. Discuss the concept of limited
partnership
5 Law on Credit Transactions After the session, the student is 1. Recitation and discussion 1. Civil Code of the Philippines 1. Discussion and summary
1. Loan expected to: 2. Case study 2. Quiz
a. General Provisions 1. Be knowledgeable on the 3. Lecture
b. Commodatum basic concept of loan 4. Quiz
c. Mutuum 2. Discuss the concept of
2. Pledge pledge
3. Mortgage 3. Identify and explain the
a. Real Estate kinds of mortgage
b. Chattel
6 Law on Cooperatives
1. Organization and Registration
2. Types and Categories
3. Membership and Administration
4. Responsibilities, Rights and Ptivileges of
Cooperatives
7 Law on Cooperatives
1. Capital and Property of Funds
2. Audit, Inquiry and Members’ Right to
Examine
3. Allocation and Distribution of Funds
4. Merger and Consolidation
5. Dissolution
8 Midterms
9 Law on Corporations
1. Nature and Classes
2. Incorporation and Organization
3. Powers
a. Expressed
b. Implied
c. Incidental
4. Board of Directors/Corporate Officers
a. Qualifications
b. Election and Removal
c. Powers and Fiduciary Duties
5. Classes of Stocks
10 Law on Corporations
1. Stockholders
a. Powers and Duties
b. Rights and Obligations

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 c. Majority and Minority Control
2. By-Laws
3. Meetings
4. Corporate Reorganization
a. Mergers and Consolidation
b. Other Business Combinations
5. Non-Stock Corporation
11 Law on Corporations
1. Corporate Books
a. Kinds
b. Availability
2. Suspension or Revocation of License
3. Dissolution and Liquidation
a. Modes
b. Requirements
4. Foreign Corporations
a. Definition
b. Rights
c. License to do Business
i. Application and Issuance
d. Purpose of License
e. Consequence of Doing Business Without a
License
12 Law on Corporations
1. Securities and Regulation Code
a. Registration of Securities
b. Shareholders’ Interest
c. Prohibitions
i. Fraud
ii. Manipulation
iii. Private Tender Offer
iv. Insider Trading
d. Exchange and other Securities Trading
Markets
2. SEC Circulars and Issuances
a. Filing of General Information Sheet
b. Filing of Annual Audited Financial
Statements
c. Filing of Articles of Incorporation, By-
Laws and its Amendments, Secondary
Licenses
d. Fines and Penalties
3. Code of Corporate Governance

Reading and References

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 Civil Code of the Philippines
Cooperative Code of the Philippines
Revised Corporation Code of the Philippines
Other applicable laws, rules and regulations
Course Grading System
Class Standing 30%
Midterm Exam 30%
Final Exam 40%
Total 100%
Classroom Policy
Strict compliance with University policies, rules and regulations.
All and any forms of cheating are strictly prohibited.
No notes policy during recitation.
Consultation Time
To be scheduled.
Prepared By: Reviewed By:

ATTY. GARY CAMITAN AURE, MPA MARIETA M. DOQUENIA

Permanent Faculty Chairperson

Noted By:

JULIETA G. FONTE, CPA, PhD

Dean

Approved By:

DR. EMANUEL C. DE GUZMAN

Vice-President for Academic Affairs

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