Agusan Colleges, Inc.

Butuan City

Syllabus

Institutional Vision A leading academic institution offering quality affordable education producing graduates who will become contributing
and responsive members of the global community.
Institutional Mission To provide high quality, comprehensive and meaningful education for all students so that they become productive citizens
Empowered with knowledge and skills and untainted personal attributes.
Institutional Goals As envisioned by the Founder, ACI’s goals are based not only on a liberal learning education which encourages the molding
and growth of productive professionals but also on the provision of opportunities.
1. To enable students to acquire a body of knowledge in a specific discipline.
2. To think critically
3. To enhance student abilities to make significant contributions to the communities where they live.
4. To provide the pathway for students to continue the pursuit of life-long learning.
Program Vision, Mission, and Goals

Institutional Intended Learning Outcomes

Course Name Intermediate Accounting 1
Course Code BSAIS 203
Course Unit Three ( 3 ) units
Course Description This course introduces the nature, functions, scope and limitations of the broad field of accounting theory and applications. It deals
with the study of the new conceptual framework, financial statements, cash and cash equivalents, bank reconciliations, proof
of cash, accounts receivable, notes receivable, loans receivable, receivable financing, inventories, inventory valuation, biological
assets, inventory estimation, financial asset at fair value, investment in equity securities, investment in associate, financial asset at
amortized cost, investment property, fund and other investments, derivatives, property, plant and equipment, government grant,
borrowing costs, land building and machinery, depreciation, depletion, revaluation, impairment of assets, intangible assets, specific
intangible assets, disclosure requirements, and research and development costs.

Pre-requisites/ Co-requisites
Contact hours 54 hours
Course Intended Learning Outcomes At the end of this course, the students are expected to be able to grasp financial accounting standards and disclosure requirements
relative to assets including revaluation and impairment of assets.
 Teaching and
Integrated Learning Learning Assessment
Week Outcomes Activities Task Allocation
No. Topics (ILO) (TLA) Resources References (AT) Time
1 1.New Conceptual Framework At the end of this session, the Lecture Journals Financial Assignments 3 hours
Definition of Accounting students can: Recitation Books Accounting Vol.1 Group
The Accountancy Profession  describe the significance of Discussion Exercises by Conrado T. Discussions
Generally Accepted Accounting accounting theories, standards Research Valix, Jose F. Quizzes
Principles and principles Peralta, Christian
Accounting Standards  explain the underlying Aris M. Valix Detailed
Underlying Assumptions assumptions and GAAP Course Syllabus
Definition of Conceptual Framework
Financial Reporting
2.Financial Statements-An At the end of this session, the students Lecture Journals Financial Assignments 3 hours
Introduction can: Recitation Books Accounting Vol.1 Group
Components of Financial Statements  integrate the concept and role Discussion Exercises by Conrado T. Discussion
Objectives of Financial Statements of a fair presentation of financial Research Valix, Jose F. Quizzes
Frequency of Reporting statements Peralta, Christian
Assets, Liabilities and Equity  evaluate the liquidity, solvency Aris M. Valix
Forms of Statement of Financial Position and the need of the entity for
Line Items in the Financial Position additional cash outlay.
Comprehensive Income
Forms of Income Statement
Statement of Retained Earnings
Statement of Changes in Equity
Statement of Cash Flow
2-3 3. Cash and Cash Equivalents At the end of this session, the students Lecture Journals Financial Assignments 3 hours
Definition of Cash can: Recitation Books Accounting Vol.1 Group
Cash Equivalents  identify highly liquid investments Discussion Exercises by Conrado T. Discussion
Valuation and statement presentation of cash that are readily convertible to cash Research Valix, Jose F. Quizzes
investment of excess cash  explain the treatment of compen- Peralta, Christian
Foreign currency, cash fund for sating balance Aris M. Valix
certain purpose, bank overdraft and  explain the meaning of cash
Compensating Balance equivalents and unrestricted cash
Undelivered check, postdated  identify the preferable method
Check, and stale check of accounting for petty cash
Window dressing, lapping, kiting  locate all transfers occurring
Imprest system between banks near year end
Petty cash fund

4.Bank Reconciliation At the end of this session, the Lecture Journals Financial Assignments 3 hours
Bank deposits students can: Recitation Books Accounting Vol.1 Group
Bank reconciliation defined  classify book reconciling items Discussion Exercises by Conrado T. Discussion
Book reconciling items and bank reconciling items for Research Valix, Jose F. Quizzes
Bank reconciling items bank reconciliation preparation Peralta, Christian Prelim
Forms of bank reconciliation Aris M. Valix Examination
 14.Financial Asset at Fair Value At the end of this session, the students Lecture Journals Financial Assignments 3 hours
Definition of Investments can: Recitation Books Accounting Vol.1 Group
Examples of investments  identify financial assets that are Discussion Exercises by Conrado T. Discussion
Financial instruments-financial asset, measured at fair value Research Valix, Jose F. Quizzes
financial liability and equity instrument  explain the reclassification of Peralta, Christian
Redeemable preference share of financial assets Aris M. Valix
Classification of financial assets  compute independently revenue
Equity and debt security from securities
Financial assets at fair value  Evaluate the methods of
Financial assets held for trading accounting for securities
Measurement of financial assets
Reclassification of financial assets
Impairment of financial assets
Tainting
9 15.Investment in Equity Securities At the end of this session, the Lecture Journals Financial Assignments 3 hours
Acquisition of equity securities students can: Recitation Books Accounting Vol.1 Group
Investment categories  determine the market value of Discussion Exercises by Conrado T. Discussion
Investment in unquoted equity instruments securities and evaluate accounting Research Valix, Jose F. Quizzes
Sale of equity securities method Peralta, Christian
Dividend  test the reasonableness of the Aris M. Valix
Shares received in lieu of cash dividend amount of dividends and interest
Cash received in lieu of stock dividend income recorded
Share split  distinguish split up and split down
Stock right  explain the accounting for
stock rights
16.Invesment in Associate At the end of this session, the Lecture Journals Financial Assignments 3 hours
Intercorporate share investment students can: Recitation Books Accounting Vol.1 Group
Definition-significant influence, control,  describe an entity purchasing Discussion Exercises by Conrado T. Discussion
associate and subsidiary enough shares of another entity to Research Valix, Jose F. Quizzes
Presumption of significant influence exert control over investee entity. Peralta, Christian
Equity Method  explain an impairment loss with Aris M. Valix
Excess of cost over carrying amount respect to an investment in
and excess of net fair value over cost associate
Investee with heavy losses  describe the accounting situation
Impairment of investment in associate that arises if the investor pays
Investee with cumulative and noncumulative more
preference share or less for an investment
Other changes in equity  explain accounting procedures if
Upstream and downstream transactions an associate has cumulative
Discontinuance of equity method preference shares
Equity method not applicable  explain accounting procedures if
Investment of less than 20% an associate has noncumulative
Cost method preference shares
Cash dividend from pre-acquisition  define cost method and equity
retained earnings method
Change from cost to equity method
Investment in associate achieved in
stages
GRADING SYSTEM

Agusan Colleges Inc., modified its grading system into two sets, Online and Modular Learning, to accommodate students with their learning modality.

PARAMETERS GRADING AND MARKING

Attendance 10%
Project 10%
Quizzes/Assignments 30%
Examination 40%
Active Participation 10%
Total 100%

Computation of the Overall or Final Grade shall be the average of the students Midterm and Final grade.

MIDTERM 40%
FINAL 60%
TOTAL 100%

Date Revised:
Effectivity :

Prepared: Reviewed: Approved:

FE C. ORTIZ, CPA JOANNA B. CUENCA, Ph.D. CESO III HANNIBAL FRITZ V. CHANJUECO, D.M.
Dean, BSAIS Executive Vice President/VPAARE School President