F-ODI-2056 1

REPUBLIC OF THE PHILIPPINES

CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

SYLLABUS IN AE 13 - FINANCIAL ACCOUNTING AND REPORTING 1

The Cagayan State University aims to produce graduates who will exhibit:
Competence - critical thinker, creative problem-solver, competitive performer regionally, nationally and globally
Social Responsibility - sensitive to ethical demands and compassionate particularly to the marginalized, steward of the environment for future
Intended Graduate generations while championing development and socially just and an advocate of economic and social equity
Attributes Unifying Presence - uniting theory and practice, uniting strata of society, uniting tradition and innovation, uniting the nation, the ASEAN region and the
world and uniting the University and the community

Graduates of the college will be able to:

1. apply knowledge and skills acquired with attitudes and values to the development of business, industry and entrepreneurship, locally, nationally,
regionally and globally;
College Intended Learning 2. initiate and participate in research that allows commerce and enterprise to be responsive to the challenges of inclusive growth and progress;
Outcomes 3. exhibit social responsibility, a firm commitment to social justice and particular solicitude to the marginalized sectors of society;
4. manifest personal and interpersonal skills imbued with professional ethics and perform tasks in a gender responsive manner;
5. work effectively and independently in multi-disciplinary and multi-cultural teams; and
6. preserve and promote “Filipino historical and cultural heritage.
Program Outcomes
At the end of the program, the graduates in Bachelor of Science in Accounting Information System are expected to:
1. resolve business issues and problems, with a global and strategic perspective using their knowledge and technical proficiency in the areas of
financial accounting and reporting, cost accounting and management, management accounting and control, taxation and accounting information
system
2. conduct Accounting Information System research through independent studies of relevant literature and appropriate use of accounting theory and
methodologies
3. Employ technology as business tool in capturing financial and non-financial information, generating reports and making decisions.
Program Intended 4. Apply knowledge and skills that will enable them to successfully respond to various types of assessments (including professional licensure and
certification); and
Learning Outcomes Confidently maintain a commitment to good corporate citizenship, social responsibility and ethical practice in performing functions as accountant.

Revision No. 04 August 25, 2022

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

COURSE MAP
Intended Learning Outcomes IPO 1 IPO 2 IPO 3 IPO 4 IPO 5 IPO 6
    
Exhibit mastery in accounting for the various business
organizations.

    
Respond to the needs of society in terms of accounting
for their business.

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

Course Code AE13 Course Title Financial Accounting and Reporting

2022- Number of Lecture

Course Credits 6 Semester First School Year 108
2023 Hours
Number of Laboratory
Pre-requisite/s none Co-requisite/s none none
Hours

Course Description: This course deals with the accounting for single proprietorship, partnership and corpation

Grading System Class Standing 20%

a. Attendance - 5%
b. Recitation - 5%
c. Seatwork – 5%
d. Assignment-5%
Quizzes 30%
Major Exams 50%

Total 100%

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

OUTCOME- BASED LEARNING PLAN ON ____________________

Time Teaching
Intended Learning Teaching and Allotment and
Learning Mode of
Outcome (ILO) Learning Content Learning References Learning Resources
Lec. Lab. Assessment Delivery
Activities
(36) (54) (TLA)

 Define accounting Nature and Environment of Reyno, Florencio, et.al. Recitation Online
 Describe the nature and purpose accounting: Financial Accounting and Laptop Quiz (zoom)
of accounting. Reporting 1
a. Definition of accounting Power point
 Give examples of branches of b. History of accounting presentation
Milan, Zeus Vernon
accounting. c. Nature of accounting
B.2018,Financial Handouts
 State the functions of d. Accountable
Transactions or Events Accounting & Reporting Lecture/
accounting in a business
 Differentiate between external
e. Principal components of Discussion
the accounting process 6 Activity
and internal users of accounting f. Forms of business
information organization book Written test Online
 Narrate the history/origin of g. The Accounting (zoom)
accounting Profession LMS
 State the forms of business h. Generally accepted
accounting principles
organization
i. Purpose of Accounting
 State the types of business Standards
j. Users and their
information needs
k. Qualitative Characteristics of Discussion
Information in Financial
Statements
l. Conceptual Framework and

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

Underlying Assumptions

Accounting Principles
Reyno, Florencio, et.al.
Laptop
• The Accounting Financial Accounting and Power point
a. Explain the Equation Reporting 1 Discussion presentation Zoom
accounting equation.  Expanded Accounting Handouts Asynchron
b. Discuss the different Equation Recitation ous
financial statements.  Financial Statements Milan, Zeus Vernon
B.2018,Financial
Quiz
c. Differentiate each d. Statement of Profit
Accounting & Reporting Demonstratio
statements and or Loss
provide examples for e. Statement of n
each. Changes in Equity Win Ballada, Fundamentals
of Accounting Made Easy,
f. Statement of
2021
Financial Position Participati
g. Statement of Cash ve
Flows discussion
h. Statement of
Comprehensive
Income
i. Notes to Financial
Statements
Debit and Credit
a. Double-Entry
Online
Bookkeeping Method
b. The Account (zoom)
c. The T-Account
Explain what is debit and credit. d. The Rules of Debit and Reyno, Florencio, et.al.
Credit Financial Accounting and
Explain account and t-account. Reporting 1

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

Discuss the rules of debit and Identifying and Analyzing

credit. Transactions
a. The accounting cycle Milan, Zeus Vernon
Identify and analyse transactions. b. Chart of Accounts B.2018,Financial
Laptop
c. Accounting cycle Accounting & Reporting Lecture Power point Online
Discuss and illustrate the entire illustrated.
accounting cycle. presentation (zoom)
Journalizing and Posting
Win Ballada, Fundamentals Handouts LMS
of Accounting Made Easy,
a. Journal Entry
b. The ledger 2021
c. Trial balance
d. Errors affecting the
trial balance Assignment
e. Trial balance illustrated Laptop
f. Location of errors Power point
Prepare chart of accounts.
Adjusting Entries Demostrat presentation Quiz
Analyze the transactions.
a. Adjustments ion Problems
Prepare journal entry, ledger, trial b. Reasons for
balance. adjustments
c. Types of adjusting
Online
Explain location of errors entries Recitation (zoom)
d. Comprehensive
illustration on adjusting
Reyno, Florencio, et.al.
Explain and discuss adjusting
Worksheet and Financial Financial Accounting and
entries and its types.
Statements Reporting 1
Prepare adjusting entries a. Worksheet
b. Worksheet Preparation
Illustrated Milan, Zeus Vernon
c. Preparation of Demostrat Online
B.2018,Financial
Financial Statements Accounting & Reporting ion (zoom)
d. Closing entries

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

e. Post- closing Trial LMS

Balance Win Ballada, Fundamentals
Define worksheet and explain the f. Reversing Entries of Accounting Made Easy,
steps in the preparation of 2021
worksheets. Accounting for Merchandising Laptop Assignment Online
Business Workshop Power point (zoom)
Prepare financial statements from a. Major activities of a
the worksheet. Merchandising presentation
Business Problems Quiz
Complete the steps in the
b. Accounting for Sales
accounting cycle. and other sales related
accounts
c. Accounting for
Purchases and other Recitation
purchase related Reyno, Florencio, et.al. Online
accounts Financial Accounting and
d. Cost of Sales or Cost of Laptop (zoom)
Reporting 1
Discuss the accounting for Goods sold Power point LMS
merchandising business. e. Accounting for value Discussion presentation
added Tax
Explain the accounts commonly
f. Income Statement
Milan, Zeus Vernon Problems
used in the merchandising B.2018,Financial
Format of a
business. Accounting & Reporting
Merchandising
Business
Discuss the accounting for Value Win Ballada, Fundamentals
g. Comprehensive
added tax. of Accounting Made Easy,
Illustration
2021
Illustrate accounting for a
merchandising business. Special Books of Original
Entry
a. Convenience and
Division of Labor
b. Special Journals
c. Control Accounts and

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

Subsidiary Ledgers
d. Using the special
journals and Posting to
the Control Accounts Laptop
and subsidiary ledgers Lecture Power point Assignment
e. Sales Journal Reyno, Florencio, et.al. presentation
f. Cash Receipts Journal Financial Accounting and
Discuss special journals. g. Purchases Journal Problems
Reporting 1
h. Cash Disbursements Quiz
Explain the advantages of using Journal
special journals.
Milan, Zeus Vernon
Introduction to
Discuss control accounts and Manufacturing Business B.2018,Financial
subsidiary ledgers. a. General Cost Accounting & Reporting Recitation
Classification
b. Product Costs and Win Ballada, Fundamentals
Period Costs of Accounting Made Easy, Online
c. Manufacturing Costs 2021 (zoom)
d. Non-manufacturing
costs
e. Prime costs and
conversion cost
f. Direct and Indirect Laptop
Costs Power point
g. Cost Flow in a
Manufacturing
Reyno, Florencio, et.al. presentation
Business Financial Accounting and Problems Online
h. Inventory Accounts of Reporting 1
(zoom)
a Manufacturing
Explain the accounting for Business
Cases LMS
Manufacturing business. i. Comprehensive Milan, Zeus Vernon
Illustration B.2018,Financial
Discuss the distinction of a

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

merchandising from a Introduction to Partnership Accounting & Reporting

manufacturing business.
a. Definition Win Ballada, Fundamentals
Discuss cost flow. b. Forms of Business of Accounting Made Easy,
Laptop
Organization 2021 Demonstra Power point Assignment
c. Basic characteristics of tion presentation Online
Partnership
d. Underlying Equity
theories Problems Quiz Synchrono
e. Essential Features of a us
Partnership
f. Classification of
Partnership
g. Kinds of Partners Reyno, Florencio, et.al. Recitation Asynchron
h. Organizing a Financial Accounting and ous
Partnership Reporting 1 Discussion Laptop
Partnership Formation Power point
Milan, Zeus Vernon presentation
Explain the definition of a. Partnership accounting
partnership. b. Opening Entries B.2018,Financial Problems
c. Sole Proprietorship Accounting & Reporting
Discuss the forms of business converted to
organization. Partnership Win Ballada, Fundamentals
d. Two sole of Accounting Made Easy,
Explain the characteristics of
proprietorship joined to 2021
partnership, kinds and partnerships.
form a partnership
Discuss the steps in organizing a e. Methods of recording
partnership. partner’s investments

Partnership Operations

a. Profit & Loss

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

Distribution
b. Rules for distribution
of profit and loss
c. Methods of profit Online
distribution Laptop
Discuss partnership accounting. d. Notes on Profit & Loss Participati Power point Synchrono
distribution agreement
Explain the opening entries for e. Closing Entries ve presentation us
partnership formation. f. Illustrations discussion Problems
g. Statement of Partner’s Reyno, Florencio, et.al.
Discuss the methods of forming a Capital Financial Accounting and Asynchron
partnership. Reporting 1
Partnership Dissolution ous
Assignment
a. Dissolution Defined Milan, Zeus Vernon
b. Causes of Dissolution
B.2018,Financial
c. Admission of a new
partner Accounting & Reporting Quiz
d. Comprehensive Laptop
Illustration Win Ballada, Fundamentals
e. Determination of of Accounting Made Easy, Power point
Goodwill & Bonus 2021 presentation
Explain the distribution of profit f. Withdrawal of a Problems Recitation
and loss. Partner Lecture
g. Termination of a
Discuss the rules for profit and loss
partnership operations
distribution.
h. Operations continued
Distinguish the methods of profit after Dissolution
distribution. i. Comprehensive
Illustrations
Prepare statement of Partner’s j. Death, Bankruptcy, or
capital. incapacity of a Partner

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

Partnership Liquidation

Explain dissolution and its causes. a. Liquidation Defined

b. Types of Liquidation Laptop
Explain the determination of
c. Liquidation Procedure Power point
goodwill and bonus. d. Right of Offset presentation Online
Explain the distinction of e. Lumpsum Liquidation
Illustrated Lecture Problems
dissolution from liquidation. Reyno, Florencio, et.al.
f. Installment Liquidation Assignment Synchrono
g. Schedule of safe Financial Accounting and us
payments Reporting 1

Corporate Formation Quiz

a. Corporation Defined Milan, Zeus Vernon Asynchron
b. Characteristics of a B.2018,Financial ous
Corporation Accounting & Reporting
c. Similarities between a
Partnership &
Win Ballada, Fundamentals
Recitation
Corporation Laptop
of Accounting Made Easy,
d. Classifications of
corporation 2021 Power point
e. Components of a presentation
corporation Problems
f. Corporate Formation or
Incorporation
g. Steps of Incorporation
h. Organization costs
Define liquidation. i. Stockholders’ Equity
Identify the types of liquidation. Accounting for Capital Stock
Discussion
Transactions
Discuss the procedures of
liquidation. a. Methods of Accounting

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

Discuss the methods of liquidation. for Stock Transactions

b. Issuance of Capital
Prepare schedule of safe payments. Stock
c. Cash subscription
d. Components of the Reyno, Florencio, et.al. Laptop Online
Stockholders’ Equity Financial Accounting and Power point
Reporting 1
Define corporation. Retained Earnings, Dividends presentation Synchrono
and Book Value per Share Lecture Problems us
Explain the characteristics of a Milan, Zeus Vernon
corporation. a. Retained Earnings B.2018,Financial
Account Accounting & Reporting
Identify the classification of a b. Dividends Asynchron
corporation. c. Book Value per share Assignment ous
d. Liquidating value Win Ballada, Fundamentals
Discuss the steps on the formation of Accounting Made Easy,
of a corporation. 2021
Prepare the Stockholder’s equity.
Quiz
Laptop
mpog
Power point
presentation
Discussion Problems Recitation

Identify and explain the methods of

accounting for stocks.

Explain the issuance of stocks.

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

Identify the components of the

stockholders’ equity. Reyno, Florencio, et.al.
Financial Accounting and Laptop
Reporting 1
Power point
presentation Online
Milan, Zeus Vernon Discussion Problems Assignment
Discuss retained earnings, B.2018,Financial Synchrono
dividends and book value. Accounting & Reporting us
Win Ballada, Fundamentals
Quiz
Distinguish book value and
liquidating value. of Accounting Made Easy,
2021 Asynchron
ous
Recitation

Participati
ve
discussion Laptop
Power point
presentation
Problems

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

Online
Laptop
discussion Power point Synchrono
presentation Assignment us
Problems

Quiz Asynchron
ous

Recitation

INTENDED LABORATORY ACTIVITIES

RUBRIC FOR ASSESSMENT TO BE USED FOR Major Competencies Outputs (MCOs)

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

Criteria Excellent Good Satisfactory Unsatisfactory

91 - 100% 81 - 90% 71 - 80% 70 - 61%

OTHER COURSE REQUIREMENTS

Aside from the major course outputs, the student will be assessed at other times during the term by the following:
 Class Participation
 Seatwork
 Individual activity

COURSE POLICIES

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

INPUT FOR REVISION:

____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
____________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________

REFERENCES/OTHER REFERENCES

Books
Financial Accounting and Reporting , Part 1. Florencio Reyno, Jr., et. Al. 2021
Financial Accounting and Reporting , Part 2. Florencio Reyno, Jr., et. Al. 2021
Financial Accounting and Reporting Part 1. Millan, 2020.
Financial Accounting Made Easy. Win Ballada, 2020.

Journals
Training Manual
Online Resources
Video Clips
Suggested Readings

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

Date of Revision/Enrichment: August 27, 2022

Prepared by:

BEATRIZ B. ONATE, Ph.D

Faculty

HEUD MARRION B. URBINA, CPA, MBA

Faculty

VICTOR MANGOMA
Program Coordinator/Department Chair

Endorsed by:

ATTY. CORNELIO ADDUN, CPA, CIA, MBA

College Deans

Reviewed by: Approved by:

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REPUBLIC OF THE PHILIPPINES
CAGAYAN STATE UNIVERSITY
ANDREWS CAMPUS
Caritan, Tuguegarao City, Cagayan
www.csu.edu.ph

COLLEGE OF __________________

Dr. LIRIO GUDINA C. MANGAWIL DR. MARIDEN V. CAUILAN

Director of Instruction Vice President for academic Affairs

Revision No. 04 August 25, 2022