FAR EASTERN UNIVERSITY

Vision
Guided by the core values of Fortitude, Excellence and Uprightness, Far Eastern University aims to be a university of choice in Asia

Mission
Committed to the highest intellectual, moral and cultural standards, it strives to produce principled and competent graduates. It nurtures a service-oriented and
environment conscious community which seeks to contribute to the advancement of the global society.

Quality Policy
Far Eastern University is committed to providing quality educational services. Each person is expected to do the job right the first time with the intention of consistently
satisfying the requirement of our students, other members of FEU community, and external parties. Under any given circumstances we shall adhere to all the
requirements and standards for continuous improvement and effectiveness of the
quality management systems.

INSTITUTE OF ACCOUNTS, BUSINESS AND FINANCE

Vision
Far Eastern University – Institute of Accounts, Business and Finance (IABF) envisions itself
to be the preferred business school in Asia.

Mission
The Institute of Accounts, Business and Finance is committed to produce principled and competent business graduates, espousing Fortitude, Excellence and
Uprightness. IABF will promote community engaged, service-oriented individuals who will shape and build strong organization in the future.

DEPARTMENT OF ACCOUNTANCY

Vision
Guided by the core values (Fortitude, Excellence and Uprightness) of a true-blooded Tamaraw, the Accountancy Program of FEU– IABF envisions itself as a Center of
Excellence in Accountancy Education.

Mission
It commits to develop future responsible accounting professionals through holistic accountancy curriculum, extensive and innovative delivery of instruction, competent
and highly qualified faculty, state-of-the-art facilities, industry and community-based researches, practical-based student apprenticeship program and extensive
community

1
Course Title : Accounting for Government, Non for Profit Entities and Other Specialized Industries
Course Code : ACT GOV
Credits : Three (3) units
Prerequisite : ADV ACT 1
Course Description : It is a three-unit course which exposes the students to accounting for specialized industries and the relevant accounting
treatment for complex transactions. It covers accounting for government which adheres to Philippine Government Accounting
Standards (PGAS) and the New Government Accounting System (NGAS) as prescribed by the Commission on Audit. It also
encompasses the accounting treatments that are peculiar to banks and non-profit entities. It is also comprised of special topic
on insurance contracts.

Program Learning Outcomes (PLO):

The BSBA-Internal Auditing (IA) and Bachelor of Science in Accountancy (BSA) program shall collaborate and strongly integrate with
industry to be able to:

1. Provide learning experiences that deliver a supportive program of study and activities which contribute to the students’ well-being and social
development, so as to make them qualified graduates who can integrate their professional growth and intellectual development
2. Enhance students’ professional knowledge by equipping them with necessary managerial, leadership, interpersonal and technical skills needed
in today’s digital economy and changing business environment
3. Develop students’ proficiency to apply global perspectives to analyze accounting and business issues
4. Produce accounting graduates with strong foundation for pursuing further studies and advancing in their careers for professional certification
5. Improve the analytical and research skills of students to monitor evolving accounting standards and practices

Student Outcomes (SO):

The BSA/IA graduate should be able to:

a. Demonstrate mastery of professional accounting knowledge, skills and values

b. Display capability to pass the Certified Public Accountant (CPA) Licensure Examination or pass the Certified Internal Auditor (CIA)
c. Exhibit entry level skills for employment in private establishments and government institutions
d. Communicate effectively using oral, written, and multimedia techniques
e. Achieve academic excellence to evaluate and analyze financial data for effective decision making
f. Use sound judgment and apply analytical know-how in solving critical issues

2
Course Learning Outcomes (CLO):

Upon completion of the course, the learner is expected to:

1. Describe the rationale for government accounting and the generally accepted government accounting principles;
2. Identify the different sectors of government and the different government offices involved in budgeting, accounting and auditing;
3. Discuss the budgetary process and the basic features of NGAS;
4. Familiarize students with the different forms, reports, records, registers and journals used in the government
5. Explain the Coding System in the Chart of Accounts;
6. Journalize transactions of the national government agency
7. Prepare financial statements of the national government agency
8. Identify the basic governmental policies for local government units;
9. Explain the General Accounting Plan for Local Government Units;
10. Discuss the different sources of income of an LGU;
11. Journalize transactions relating with LGU
12. Prepare financial statements of an LGU.
13. Distinguish not-for-profit organization from profit oriented entities;
14. Prepare journal entries related to transactions and events of NPO;
15. Discuss the accounting for unrestricted and restricted contributions;
16. Prepare financial statements for NPO; and
17. Explain on how to account for revenue and cost in a voluntary health and welfare organization.
18. Explain how fund accounting is used for not for profit colleges and universities, and differentiate those funds;
19. Demonstrate an understanding of the accounting for revenues and expenses for not for profit colleges and universities;
20. Discuss the transactions of not for profit colleges and universities;
21. Prepare financial statements for not for profit colleges and universities; and
22. Demonstrate an understanding of how revenue and expenses are calculated and accounted for by private health care service providers.
23. Define insurance contract
24. Distinguish insurance contract from ordinary insurance under ordinary accounting
25. Interpret the liability adequacy test
26. Illustrate the recognition and measurement principles for insurance contracts
27. Summarize the overview of Phase II of the IASB Insurance project
28. Discuss the significance of banks in the Philippines economy;
29. Identify the different operations and functions of banks;
30. Identify the different methods for the recognition and measurement of items in bank’s financial statements;
3
 31. Explain with the differences in the preparation of financial statements of banks with ordinary enterprises;
32. Discuss the accounting policies adopted by banks and as prescribed by the Bangko Sentral ng Pilipinas (BSP) as provided on BSP’s Manual of
Regulations for Banks

COURSE LEARNING OUTCOMES IN RELATION TO STUDENT OUTCOMES AND PROGRAM LEARNING OUTCOMES

Course Learning Outcomes (CLO) Student Outcome (SO) Program Learning Outcomes (PLO)

CLO1 Describe the rationale for government accounting and the generally a, b, c, d 2, 3, 4
accepted government accounting principles
CLO2 Identify the different sectors of government and the different a, b, c, d 2, 3, 4
government offices involved in budgeting, accounting and auditing
CLO3 Discuss the budgetary process and the basic features of NGAS a, b, c, d, 2, 3, 4, 5

CLO4 Familiarize students with the different forms, reports, records, a, b, c, d 2, 3, 4

registers and journals used in the government
CLO5 Explain the Coding System in the Chart of Accounts a, b, c, d 2, 3, 4

CLO6 Journalize transactions of the national government agency a, b, c, d 2, 3, 4, 5

CLO7 Prepare financial statements of the national government agency a, b, c, d 2, 3, 4, 5

CLO8 Identify the basic governmental policies for local government units a, b, c, d 2, 3, 4, 5

CLO9 Explain the General Accounting Plan for Local Government Units a, b, c, d 2, 3, 4, 5

CLO10 Discuss the different sources of income of an LGU a, b, c, d 2, 3, 4, 5

CLO11 Journalize transactions relating with LGU a, b, c, d 2, 3, 4, 5

CLO12 Prepare financial statements of an LGU a, b, c, d 2, 3, 4, 5

CLO13 Distinguish not-for-profit organization from profit oriented entities a, b, c, d 1, 2, 3, 4, 5

4
 Course Learning Outcomes (CLO) Student Outcome (SO) Program Learning Outcomes (PLO)

CLO14 Prepare journal entries related to transactions and events of NPO a, b, c, d 2, 3, 4, 5

CLO15 Discuss the accounting for unrestricted and restricted contributions a, b, c, d 2, 3, 4, 5

CLO16 Prepare financial statements for NPO a, b, c, d 2, 3, 4, 5

CLO17 Explain on how to account for revenue and cost in a voluntary health a, b, c, d 1, 2, 3, 4, 5
and welfare organization
CLO18 Explain how fund accounting is used for not for profit colleges and a, b, c, d 1, 2, 3, 4, 5
universities, and differentiate those funds
CLO19 Demonstrate an understanding of the accounting for revenues and a, b, c, d 1, 2, 3, 4, 5
expenses for not for profit colleges and universities
CLO20 Discuss the transactions of not for profit colleges and universities a, b, c, d 2, 3, 4, 5

CLO21 Prepare financial statements for not for profit colleges and a, b, c, d 2, 3, 4, 5
universities
CLO22 Demonstrate an understanding of how revenue and expenses are a, b, c, d 2, 3, 4, 5
calculated and accounted for by private health care service providers
CLO23 Define insurance contract a, b, c, d 2, 3, 4, 5

CLO24 Distinguish insurance contract from ordinary insurance under a, b, c, d 1, 2, 3, 4, 5

ordinary accounting
CLO25 Interpret the liability adequacy test a, b, c, d 2, 3, 4, 5

CLO26 Illustrate the recognition and measurement principles for insurance a, b, c, d 2, 3, 4, 5

contracts
CLO27 Summarize the overview of Phase II of the IASB Insurance project a, b, c, d 2, 3, 4, 5

CLO28 Discuss the significance of banks in the Philippines economy a, b, c, d, f 2, 3, 4, 5

CLO29 Identify the different operations and functions of banks a, b, c, d 1, 2, 3, 4, 5

5
 Course Learning Outcomes (CLO) Student Outcome (SO) Program Learning Outcomes (PLO)

CLO30 Identify the different methods for the recognition and measurement a, b, c, d 2, 3, 4, 5
of items in bank’s financial statements
CLO31 Explain with the differences in the preparation of financial statements a, b, c, d, f 2, 3, 4, 5
of banks with ordinary enterprises
CLO32 Discuss the accounting policies adopted by banks and as prescribed a, b, c, d 2, 3, 4, 5
by the Bangko Sentral ng Pilipinas (BSP) as provided on BSP’s Manual
of Regulations for Banks
CLO33 Identify the reportorial requirements and disclosures in the financial a, b, c, d 2, 3, 4, 5
statements of banks and other similar institutions under PAS30.

Time Frame Strategy/Methodology/ Student

Lesson/Topics Learning Outcomes Evaluation/Assessment
Week/Day Activities Output
 Course Orientation CLO1, CLO2, CLO3, CLO4, Faculty-facilitated discussion  Students’ Students’ Feedback
and Policies, CLO4, CLO5, CLO6, CLO7 Assignments feedback on Pre-test
Standards, Guidelines Concept Mapping their Post-test
(PSG) Discussion Multi-media presentation expectation
 The New Boardwork about the
Government Shared Discussion subject and the
Accounting System Recitation professor
(NGAS) Case study
 Objective of  Chart of
1-4 NGAS Accounts of the
 Basic government;
features and and Visiting
policies of selected
NGAS government
 The Budget agency
Process  Case Analysis
(Budgetary
Procedures)
 Revenue/Inc
6
Time Frame Strategy/Methodology/ Student
Lesson/Topics Learning Outcomes Evaluation/Assessment
Week/Day Activities Output
ome and
Expenses
Accounts
 Intermediate
Accounts
 Accounting
for
Obligations
 Types of
Collection
 General
Procedures
for Cash
Collections
 Grants and
Donations
intended for
Agency
Accounting for Local CLO8, CLO9, CLO10, CLO11, Faculty-facilitated discussion  Case Analysis Pre-test
Government Units (LGUs) CLO12 Assignments  Documentation Post-test
 Basic features and Concept Mapping of accounting
policies of Local Multi-media presentation process of
Government Units; Boardwork selected
 The General Shared Discussion government
5-6
Accounting Plan for Recitation agency
Local Government Case study  Sample financial
Units; statements of a
 The new coding government
structure; agency;
 Special Education  Classroom

7
Time Frame Strategy/Methodology/ Student
Lesson/Topics Learning Outcomes Evaluation/Assessment
Week/Day Activities Output
Fund; presentation of
 Trust Fund; actual financial
 Income collections statement
and deposits; (gathered thru
 Method of visiting local
Accounting for government
Income; unit)
 The Accounting
Journal Entries; and
 The Financial
Statements of an
LGU
Not For Profit CLO12, CLO14, CLO15, Faculty-facilitated discussion  Readings Pre-test
Organizations (NPO) - CLO16, CLO17 Assignments on The Post-test
Voluntary Health and Concept Mapping Philippine
Welfare Organization Multi-media presentation Public
 Basic principles Boardwork Accountabili
of not-for-profit Shared Discussion ty Standard
organizations; Recitation  Review of
 Basic difference Case study actual
between financial
7-9
commercial statements
organization and  Case
NPO; Analysis
 Users and
information
needs as applied
to NPOs;
 Accrual basis and
liquidation of

8
Time Frame Strategy/Methodology/ Student
Lesson/Topics Learning Outcomes Evaluation/Assessment
Week/Day Activities Output
cash advances;
 Classification of
net assets;
 Accounting for
revenues; gains
and
contributions;
 Accounting for
expenses; and
 Financial reports
and disclosures.
Not For Profit CLO18, CLO19, CLO20, Faculty-facilitated discussion  Review of Pre-test
Organizations (NPO) – CLO21, CLO22 Assignments actual Post-test
University and Health Concept Mapping financial
Care Organization Multi-media presentation statements
 Colleges and Boardwork of NPO.
Universities; Shared Discussion  Case
 Different types Recitation Analysis
and sources of Case study  Feedback on
funds; the visited
10-12  Accounting for selected
revenues and NPO –
expenses; college,
 Journalizing university,
transactions of hospitals,
colleges and health
universities; provider
 Hospitals and  Present in
Health care the class -
organizations; actual

9
Time Frame Strategy/Methodology/ Student
Lesson/Topics Learning Outcomes Evaluation/Assessment
Week/Day Activities Output
 Accounting for operation
revenues and and
expenses; accounting
 Journalizing procedure
transactions of of
hospitals and college/univ
health care ersity/hospi
service providers; tal visited
and (thru power
 Preparation of point
Financial presentatio
Statements. n);

Accounting for Insurance CLO23, CLO24, CLO25, Faculty-facilitated discussion  Feedback on Pre-test
 Definition CLO26 Assignments visited Post-test
insurance Concept Mapping selected
contract Multi-media presentation insurance
 Liability Boardwork companies
adequacy test Shared Discussion  Case
 Recognition Recitation Analysis
and Case study  Review of
13-14
measurement the
principles for Financial
insurance Statements
contracts for
 Overview of Insurance
Phase II of the Company
IASB Insurance
project
15-17 Accounting for Banks and CLO27, CLO28, CLO29, Faculty-facilitated discussion  Sample Pre-test

10
Time Frame Strategy/Methodology/ Student
Lesson/Topics Learning Outcomes Evaluation/Assessment
Week/Day Activities Output
Similar Financial CLO30, CLO31, CLO32, Assignments financial Post-test
Institution CLO33 Concept Mapping statements
 The nature of Multi-media presentation of a
banking in the Boardwork financial
Philippines; Shared Discussion and non-
 Characteristics of Recitation financial
banks and Case study institution
financial  Case
institutions; Analysis
 Operations of  Feedback on
banks; visited
 The deposit and selected
lending functions financial
of banks; institution
 Capital
Management;
 Reserves; and
 Characteristics of
the financial
statements of
financial
institutions and
non-financial
institution
18 DEPARTMENTAL FINAL EXAM AND SUBMISSION OF REFLECTIVE ESSAY

INSTRUCTIONAL MATERIALS/RESOURCES
1. PowerPoint
2. Film and Videos
3. PASs and PRFRs
11
 4. Journals and Manuals
5. On-line sources

REQUIRED TEXTBOOK

None

SUGGESTED READINGS AND REFERENCES

IASB, FASB, ASC standards and interpretations
Any available book on government accounting and specialized industries.
Supplemental readings, materials, and exercises to be provided online or distributed in class

Websites:
http://www.picpa.com.ph/ (Philippine Institute of Certified Public Accountants)
http://www.iasb.org/ (International Accounting Standards Board)
http://www.sec.gov.ph/ (Securities and Exchange Commission)
http://www.bsp.gov.ph/ (Bangko Sentral ng Pilipinas)
http://www.pse.org.ph/ (Philippine Stock Exchange

CLASSROOM POLICIES

It is the responsibility of the learner to come to each class prepared. He/she is also expected to take all examinations on the scheduled
date. He/she should read the assigned problems prior to class discussion. He/she is expected to attend each class and participate
actively in the discussions.

FEU Academic Dishonesty

All Research, Accounting, Auditing, Law and Taxation students are expected to be academically honest. Cheating, lying, and other forms
of immoral and unethical behavior will not be tolerated. Any student found guilty of cheating in examinations or plagiarizing in
submitted course requirements will (at a minimum) receive a Failing Grade in the course/subject. Cheating and Plagiarism refer to the
use of unauthorized books, notes, securing help in a test, copying test, assignments, reports or term papers, collaborating without
authority with another student during an examination or in preparing academic work, signing another student’s name on an attendance
sheet, representing the work of another person as one’s own; and other activities manifesting the practice of scholastic dishonesty.

12
 Policy on Absences
The students are allowed only 20% of the total number of hours in a semester for absences. Hence, the allowed number of absences for
a student enrolled in a 3-unit subject or 6-unit subject is a maximum of six(6) absences during regular semester. Request for excused
absences or waiver of absences must be presented prior to occurrence of absence or immediately upon reporting back to class,
whichever is applicable. Special examinations will be given only in special cases, such as prolonged illness. It is the responsibility of the
student to monitor his/her own tardy incidents and absences that might accumulate leading to the grade of 5.00 or F. It is also his/her
responsibility to consult with the concerned faculty member, program head, Dean should his/her case be of special nature.

Note: Always refer to the Student Handbook for academic policies.

Policy on Non-solicitation of Funds

All official fees of the University are collected through the Cash Department. Students should not pay any additional fees such
as those for tickets, entrance fees, transportation fees, hand-outs, readings, quizzes or tests to any faculty or staff member of the
University.

COURSE REQUIREMENTS
Major Examinations, Quizzes, recitations, assignments and reaction papers
Other school works that maybe required for the course upon approval of the department

GRADING SYSTEM
1. COMPUTATION OF PERIODIC GRADES
CLASS STANDING 50.00%
Average Quizzes (AQ) 60%
Class Participation (CP) 40%
MAJOR EXAMINATION (PEx/MEx/FEx) 50.00%
TOTAL 100.00%
2. COMPUTATION OF 1ST PRELIMINARY GRADE (1ST PG)
1ST PG = {[AQ (60%) + CP (40%)] 50%} + [PEx (50%)]
3. COMPUTATION OF 2ND PRELIMINARY GRADE (2ND PG) AND MIDTERM GRADE (MG)
2ND PG = {[AQ (60%) + CP (40%)] 50%} + [MEx (50%)]
MG = 1ST PG (1/3) + 2ND PG (2/3)
13
 4. COMPUTATION OF 3RD PRELIMINARY GRADE (3RD PG) AND FINAL GRADE (FG)
3RD PG = {[AQ (60%) + CP (40%)] 50%} + [FEx (50%)]
FG = MG (1/3) + 3RD PG (2/3)

5. TRANSMUTATION OF FINAL GRADE (FG)

GRADING SYSTEM
FINAL GRADE LETTER GRADE QUALITY POINT
95.50 – 100.00 A 4.0
91.50 – 95.40 B+ 3.5
88.50 – 91.40 B 3.0
84.50 – 88.40 C+ 2.5
81.50 – 84.40 C 2.0
77.50 – 81.40 D+ 1.5
75.00 – 77.40 D 1.0
Below 75.00 F 0.0

RUBRICS

ASSESSMENT A B+ B C+ C D+ D F
CRITERIA (95.50 – 100.00) 91.50 – 95.40 88.50 – 91.40 84.50 – 88.40 81.50 – 84.40 77.50 – 81.40 75.00 – 77.40 Below 75
Commitment to Consistent Consistent Regularly Regularly At times At times, Regularly Consistently
the enthusiasm for enthusiasm demonstrates demonstrate demonstrates demonstrates demonstrates demonstrates
Subject/Course the subject for the enthusiasm s enthusiasm enthusiasm for a pattern of a pattern of a pattern of
area is subject area for the subject for the the subject unprofessional unprofessional unprofessional
displayed; is displayed; area is subject area area is behavior with behavior with behavior with
abundant abundant displayed, is displayed, displayed, many frequent respect to
references for references abundant abundant abundant absences, absences and absences,
the lesson are for the lesson references for references references for frequent tardiness and tardiness, and

14
 ASSESSMENT A B+ B C+ C D+ D F
CRITERIA (95.50 – 100.00) 91.50 – 95.40 88.50 – 91.40 84.50 – 88.40 81.50 – 84.40 77.50 – 81.40 75.00 – 77.40 Below 75
readily are readily the lesson are for the lesson the lesson are tardiness, and incomplete late or
available. available. readily are readily readily task task incomplete
Consistent Consistent available. available. available. completion of task
regular regular Consistent barely
attendance, no attendance, regular Minimal Moderate satisfactory
tardiness, and no tardiness, attendance, absences, absences,
completed task and minimal minimal moderate
of highest completed tardiness, and tardiness, tardiness, and
and completed task
quality. task of high completed
quality. task of high completed of good quality.
task of high
quality.
quality.

Professional Exhibits Exhibits Exhibits Exhibits Exhibits Exhibits Lacks No knowledge

Responsibilities mastery of the mastery of mastery of the mastery of understanding knowledge of knowledge of of the
Philippine the Philippine the of the the Philippine the Philippine Philippine
Accountancy Philippine Accountancy Philippine Philippine Accountancy Accountancy Accountancy
Act, code of Accountancy Act, code of Accountancy Accountancy Act, code of Act, code of Act, code of
ethical Act, code of ethical Act, code of Act, code of ethical ethical ethical
conduct, and ethical conduct, and ethical ethical conduct, and conduct, and conduct, and
relevant laws conduct, and relevant laws conduct, and conduct, and relevant laws relevant laws relevant laws
and regulation. relevant laws and relevant laws relevant laws and regulation. and regulation. and regulation.
Consistently and regulation. and and regulation. Cannot apply
Relates those regulation. Barely relates regulation. those
professional Regularly those professional
responsibilities relates those professional responsibilities
to issues professional responsibilitie to practical
encountered responsibiliti s to issues issues
inside and es to issues encountered
15
 ASSESSMENT A B+ B C+ C D+ D F
CRITERIA (95.50 – 100.00) 91.50 – 95.40 88.50 – 91.40 84.50 – 88.40 81.50 – 84.40 77.50 – 81.40 75.00 – 77.40 Below 75
outside the encountered inside and encountered.
class. inside and outside the
outside the class.
class.

Practical Consistently Regularly Exhibits Exhibits Exhibits Exhibits Lacks No knowledge

knowledge of FS exhibits exhibits mastery of the mastery of understanding knowledge of knowledge of of the concept
Presentation and mastery of the mastery of concept the concept of the concept the concept the concept needed for FS
disclosure
concept the concept needed for FS needed for needed for FS needed for FS needed for FS presentation,
needed for FS needed for presentation, FS presentation, presentation, presentation, at times can
presentation, FS at times can presentation, at times can at times can at times can identify the
the proper presentation, identify the at times can identify the identify the identify the proper
classification of the proper proper identify the proper proper proper classification of
accounts used classification classification proper classification of classification of classification of accounts used
by the national of accounts of accounts classification accounts used accounts used accounts used by the national
government, used by the used by the of accounts by the national by the national by the national government,
local national national used by the government, government, government, local
government, government, government, national local local local government,
NPOs, local local government, government, government, government, NPOs,
insurance government, government, local NPOs, NPOs, NPOs, insurance
companies and NPOs, NPOs, government, insurance insurance insurance companies and
financial insurance insurance NPOs, companies and companies and companies and financial
institutions. companies companies insurance financial financial financial institutions.
Demonstrate and financial and financial companies institutions. institutions. institutions. Demonstrate
the ability to institutions. institutions. and financial Demonstrate Demonstrate Demonstrate the ability to
show real- Demonstrate Demonstrate institutions. the ability to the ability to the ability to show real-
world the ability to the ability to Demonstrate show real- show real- show real- world
examples for show real- show real- the ability to world world world examples for

16
 ASSESSMENT A B+ B C+ C D+ D F
CRITERIA (95.50 – 100.00) 91.50 – 95.40 88.50 – 91.40 84.50 – 88.40 81.50 – 84.40 77.50 – 81.40 75.00 – 77.40 Below 75
FS presentation world world show real- examples for examples for examples for FS presentation
and examples for examples for world FS presentation FS presentation FS presentation and
disclosures. FS FS examples for and and and disclosures.
presentation presentation FS disclosures. disclosures. disclosures.
and and presentation
disclosures. disclosures. and
disclosures.

Understanding of Consistently Consistently Regularly At times, Exhibits Exhibits Lacks No knowledge

Recognition exhibits exhibits exhibits exhibits understanding knowledge of knowledge of of the concept
Principle mastery of the mastery of mastery of the mastery of of the concept the concept of the concept of of recognition
concept of the concept concept of the concept of recognition recognition of recognition of of each of the
recognition of of recognition of of of each of the each of the each of the financial
each of the recognition each of the recognition financial financial financial statements’
financial of each of financial of each of statements’ statements’ statements’ element.
statements’ the financial statements’ the financial element. element. element. Demonstrate
element. statements’ element. statements’ Demonstrate Demonstrate Demonstrate the ability to
Demonstrate in element. Demonstrate element. the ability to the ability to the ability to analyze effects
satisfactory Demonstrate the ability to Demonstrate analyze effects analyze effects analyze effects transactions
way, the ability the ability to analyze the ability to transactions transactions transactions and if such
to analyze analyze effects analyze and if such and if such and if such transactions
effects effects transactions effects transactions transactions transactions met the criteria
transactions transactions and if such transactions met the criteria met the criteria met the criteria for recognition.
and if such and if such transactions and if such for recognition. for recognition. for recognition.
transactions transactions met the transactions
met the criteria met the criteria for met the
for recognition. criteria for recognition. criteria for
recognition. recognition.

17
 ASSESSMENT A B+ B C+ C D+ D F
CRITERIA (95.50 – 100.00) 91.50 – 95.40 88.50 – 91.40 84.50 – 88.40 81.50 – 84.40 77.50 – 81.40 75.00 – 77.40 Below 75
Application Consistently Consistently Regularly At times, Exhibits Exhibits Lacks No knowledge
exhibits exhibits exhibits exhibits understanding knowledge of knowledge of of the concept
mastery of the mastery of mastery of the mastery of of the concept the concept of the concept of of completion
concept of the concept concept of the concept of completion completion of completion of of the financial
completion of of completion of of of the financial the financial the financial statements,
the financial completion the financial completion statements, statements, statements, preparation
statements, of the statements, of the preparation preparation preparation and/or
preparation financial preparation financial and/or and/or and/or modification of
and/or statements, and/or statements, modification of modification of modification of financial
modification of preparation modification of preparation financial financial financial reports in
financial and/or financial and/or reports in reports in reports in accordance
reports in modification reports in modification accordance accordance accordance with GAAP.
accordance of financial accordance of financial with GAAP. with GAAP. with GAAP. Demonstrates
with GAAP. reports in with GAAP. reports in Demonstrates Demonstrates Demonstrates the ability to
Consistently accordance Regularly accordance the ability to the ability to the ability to identify and
demonstrates with GAAP. demonstrates with GAAP. identify and identify and identify and prepare the
the ability to Regularly the ability to At times, prepare the prepare the prepare the appropriate
identify and demonstrat identify and demonstrate appropriate appropriate appropriate financial
prepare the es the prepare the s the ability financial financial financial statements and
appropriate ability to appropriate to identify statements and statements and statements and reports for
financial identify and financial and prepare reports for reports for reports for different
statements and prepare the statements and the different different different circumstances.
reports for appropriate reports for appropriate circumstances. circumstances. circumstances.
different financial different financial
circumstances. statements circumstances. statements
and reports and reports
for different for different
circumstanc circumstance

18
ASSESSMENT A B+ B C+ C D+ D F
CRITERIA (95.50 – 100.00) 91.50 – 95.40 88.50 – 91.40 84.50 – 88.40 81.50 – 84.40 77.50 – 81.40 75.00 – 77.40 Below 75
es. s.

CONSULTATION HOURS

DAY/S TIME ROOM

Faculty Consultation Room

DATE OF EFFECTIVITY: August, 2016

Prepared By: Reviewed By: Recommended By: Approved By:

DR. FE R. OCHOTORENA VICENTE C. GUDANI RAMIL N. BALDRES DR. ALMA EMERITA V. DE LA CRUZ
APH-Accountancy APH – Internal Auditing PH –Accountancy/ IA Dean - IABF

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