PHINMA EDUCATION

COLLEGE OF MANAGEMENT AND ACCOUNTANCY

TABLE OF SPECIFICATIONS

PEN Code: ACC 107

Subject: Intermediate Accounting, Part 2
Semester: 1st Semester
School Year: 2020-2021

No. Topics/Outcomes Weight

1 Accounting for Inventories and Inventory Estimation
Initial recognition and measurement of inventories
Goods in transit and consigned goods
Inventory financing arrangement 22%
Net realizable value, inventory write-down
Periodic and perpetual inventory system
Inventory costing methods
2 Accounting for Agriculture and Government Grants
2.1 Differentiating biological assets, bearer plants, agricultural produce and inventory
2.2 Stating the initial and subsequent measurement of biological assets and agricultural produce. 14%
2.3 Defining and identifying government grants
2.4 Illustrating the presentation of government grants in the financial statements
3 Accounting for Property, Plant and Equipment & Borrowing Costs
3.1 Identifying the modes of acquisition of property, plant and equipment
3.2 Preparing journal entries in recording cost of PPE
3.3 Evaluating the subsequent measurement of items of PPE
22%
3.4 Defining, illustrating and recording depreciation.
3.5 Accounting for revaluation of property, plant and equipment
3.6 Identifying disclosure of accounting policies on PPE
3.7 Recording cost and depletion of exploration for and evaluation of mineral resources
 4 Accounting for Borrowing Costs
Specific borrowing
General borrowing 10%
Capitalization during extended period of construction
Limitation on borrowing
5 Accounting for Investment Property
4.1 Defining and identifying investment property
4.2 Stating the initial and subsequent measurement of investment property 12%
4.3 Illustrating and recording investment property using Cost and Fair value model
4.4 Accounting of investment property reclassification
6 Accounting for Intangible and Other Assets
5.1 Defining and classifying intangible assets
10%
5.2 Illustrating the initial and subsequent measurement of intangible assets
5.3 Recording acquisition and amortization of intangible assets
7 Accounting for Impairment of Assets
6.1 Defining and illustrating impairment of assets
10%
6.2 Evaluating of impairment of individual assets and cash generating unit
6.3 Preparing journal entries for the reversal of impairment

TOTALS
% 100%

COMMENTS / SUGGESTIONS
AU ok with the TOS
COC ok with the TOS
UI ok with the TOS
UPANG
SWU
MA EDUCATION
GEMENT AND ACCOUNTANCY
F SPECIFICATIONS

Qualification Descriptor
Knowledge, Skills, Values (30%) Application (50%) Degree of Independence (20%)
No. of Items Item Placement Remembering & Understanding Application Analyzing & Evaluating

1-4 1 2 1
5-6 1 1
16 7-8 1 1
9-11 1 1 1
12-13 2
14-16 2 1

17-18 1 1
10 19-21 1 1 1
22-23 1 1
24-26 2 1

27-28 1 1
29-30 1 1
31-32 1 1
15
33-35 1 1 1
36-37 2
38-39 1 1
40-41 1 1
 42-43 1 1
7 44 1
45-46 1 1
47-48 1 1

49-50 1 1
8 51-52 2
53-55 1 1 1
56 1

57-58 1 1
7
59-61 1 1 1
62-63 1 1

64-65 1 1
7
66-68 2 1
69-70 1 1

70 21 35 14
30% 50% 20%

NTS / SUGGESTIONS