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Negros Oriental State University: Instructor: Frederick Celestial Roda, CPA Course Code
Negros Oriental State University: Instructor: Frederick Celestial Roda, CPA Course Code
Negros Oriental State University: Instructor: Frederick Celestial Roda, CPA Course Code
Course Code:
ACCY 102
Course Title:
Conceptual Framework and Accounting Standards
Course Description:
This course is designed to provide students with knowledge on the current financial reporting framework
of businesses. This course deals with the financial reporting principles embodied in the Conceptual
Framework for Financial Reporting and the Philippine Financial Reporting Standards (PFRSs), which are
issued by the Financial Reporting Standards Council (FRSC).
At the end of the course, the learners are: Gain appreciation of the financial reporting standards,
particularly their development, application and impact to the business environment. Demonstrate
knowledge, skills and positive attitudes to the concepts and principles of financial reporting for businesses
as applied to real life situations. Demonstrate knowledge in identifying the appropriate financial reporting
standards to apply to specific business transactions and other events. Demonstrate skills in applying the
principles of the financial reporting standards through problem solving.
Required Readings:
Conceptual Framework and Accounting Standards 2020, Zues Millan