COURSE SYLLABUS

INTERMEDIATE ACCOUNTING II
1st Semester, AY 2022-2023

COLLEGE: COLLEGE OF BUSINESS ADMINISTRATION

DEPARTMENT: ACCOUNTANCY
COURSE CODE: AE 203
COURSE TITLE: INTERMEDIATE ACCOUNTING II
CREDIT UNITS: 3 UNITS
PRE-REQUISITE:FINANCIAL ACCOUNTING AND REPORTING, CONCEPTUAL
FRAMEWORK AND ACCOUNTING STANDARDS
FACULTY: KEICY M. BENEDICTOS, CPA, MBA, CTT
CONSULTATION HOURS: 3 HOURS/ WEEK

COURSE DESCRIPTION:
This course provides an intensive study of the application of generally
accepted accounting principles and financial pronouncements to the financial reporting
and disclosure of current and noncurrent liabilities, stockholders' equity, income taxes,
leases and employee benefits.

University Vision
Bulacan State University is a progressive knowledge-generating institution,
globally-recognized for excellent instruction, pioneering research, and responsive
community engagements.

University Mission
Bulacan State University exists to produce highly competent, ethical and service-
oriented professionals that contribute to the sustainable socio-economic growth and
development of the nation

Core Values: SOAR BulSU!

Service to God and Community

Order and Peace
Assurance of Quality and Accountability
Respect and Responsibility

The BulSU Ideal Graduates Attributes (BIG A) reflect the graduate’s capacity as:
a. highly and globally competent;
b. ethical and service-oriented citizen;
c. analytical and critical thinker; and
d. reflective life-long learner.

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 Program Educational Objectives (PEO)

Program Educational Objectives (PEO) University Mission

AIG-a AIG-b AIG-c AIG-d

To produce competent professional accountants

capable of making a positive contribution over their

lifetimes to the profession and society in which they work;

To develop the students' attitude of learning to ascertain

and maintain the competencies of professional
accountants;

To provide the students with the foundation of professional

knowledge, skills, values, ethics and attitudes that will
enable them to continue learning and adapt to change
throughout their professional lives; and

To produce proficient and upright professional accountants

that support stakeholders in taking strategic and operating
decisions through the presentation and analysis of
financial data and information from business transactions.

Program Outcomes (PO)

On completion of the course, the student is expected to be able to do the following:

Program Educational Objectives

PROGRAM OUTCOMES

(PO can be found at your

respective course/program CMO PEO1 PEO2 PEO3 PEO4
or PSG)

a. Resolve business issues and problems,

with a global and strategic perspective using
knowledge and technical proficiency in the
areas of financial accounting and reporting,
cost accounting and management,
accounting and control, taxation, and
accounting information systems.

b. Conduct accountancy research through

independent studies of relevant literature and
appropriate use of accounting theory and
methodologies.

c. Employ technology as a business tool in

capturing financial and non-financial
information, generating reports and making
decisions.

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 d. Apply knowledge and skills to successfully
respond to various types of assessments;
and (including professional licensure and
certifications); and

e. Confidently maintain a commitment to

good corporate citizenship, social
responsibility and ethical practice in
performing functions as an accountant.

Course Outcomes and Relationship to Program Outcomes

Course Outcomes Program Outcomes

After completing this course the student must be able to: a b c d e

LO1. Have a deep foundation with the financial accounting

standards and disclosure requirement relative to liabilities and
shareholder’s equity and also with income taxes, leases, and
employee benefits.
LO2. Follow the guidelines of existing PAS, PFRS and other
promulgating guidelines for financial reporting.
LO3. Gain enough and competent knowledge for the fairness of
presentation of different financial statements that can be of use in
the industry.
LO4. Practice the values of independence and integrity that is
required in the preparing financial statements .
LO5. Follow the ethical standards as a professional participant in the
planning and formulating financial statements.
Note: (I) Introductory Course to an Outcome (E) Enabling Course to an Outcome (D) Demonstrative Course to an Outcome

LEARNING EPISODES:

Learning
TOPIC Week Learning Activities
Outcomes

LO1, LO2, LO3, LO4, LO5 Current Liabilities, 2-3  Interactive Learning
Provisions and
Contigencies  Assigned Readings

Warranty and Premium  Individual or Group Tutorial

Liabilities
 Reading text materials and
Chapter 1-4 journals

 Searching the web

 Reflective Learning

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  Personal Theory building

 Quiz
 Interactive Learning

 Assigned Readings

 Individual or Group Tutorial

Non-current Liabilities  Reading text materials and

LO1, LO2, LO3, LO4, LO5 4-6 journals
Chapter 5-9
 Searching the web

 Reflective Learning

 Personal Theory building

 Quiz
 Interactive Learning

 Assigned Readings
Accounting for Income  Individual or Group Tutorial
Tax- Chapter 16
 Reading text materials and
Shareholder’s Equity –
LO1, LO2, LO3, LO4, LO5 7-9 journals
Chapter 20-21

Retained Earnings  Searching the web

Chapter 22-23
 Reflective Learning

 Personal Theory building

 Quiz
LO1, LO2, LO3, LO4, LO5 Midterm Examination 10

 Interactive Learning

 Assigned Readings

 Individual or Group Tutorial

 Reading text materials and

LO1, LO2, LO3, LO4, LO5 Leases 11-14 journals

 Searching the web

 Reflective Learning

 Personal Theory building

 Quiz
LO1, LO2, LO3, LO4, LO5 Employee Benefits 14-15  Interactive Learning

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  Assigned Readings

 Individual or Group Tutorial

 Reading text materials and

journals

 Searching the web

 Reflective Learning

 Personal Theory building

 Quiz
 Interactive Learning

 Assigned Readings

 Individual or Group Tutorial

 Reading text materials and

Share Based
LO1, LO2, LO3, LO4, LO5 16 journals
Compensation
 Searching the web

 Reflective Learning

 Personal Theory building

 Quiz
Final examination 17

FINAL COURSE OUTPUT:

Statement of Financial Position.

RUBRIC FOR ASSESSMENT:

16-20 11-15 6-10 1-5 Points
 At least 50%  Less than 50%
 All items  90% of items
of items of all items
Assignment attempted attempted
attempted attempted
Completeness/  Answer is  Content may
 Content relate  Content
Content appropriate to have one or
peripherally to unrelated to
the question. two error
the question/s question
 Between 50%
 All items are
 90% of items and 90% of
correct  Less than 50%
are correct items are
 Clear sense of all items are
 May lack of correct
of order. correct
Accuracy/ something but  Argument is
 Supporting  Unclear
Organization points are minimally
points are content and
presented in perceivable
presented in a readers is
logical and points are
logical confused
progression presented in
progression
random order
Demonstrated  Shows  Shows  Response  Response

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 complete
understanding substantial
shows a
of the understandin shows some
complete lack
questions, g of the understanding
of
ideas and problem, of the
understanding
processes ideas and problem
Knowledge/ for the problem
 Develops processes  Sparse details
Development  Statements
each point  Each point is or evidences
are
with specific supported and questions
unsupported
details and with some are partially
by any detail
answer each details and answered
or explanation
problems evidence
completely
 Goes beyond
the
requirements  Meets the
 Does not
of the requirements
meet the
problem of the
requirement
 Use technical problem  Limited
of the
Requirements/ language or  Accurate vocabulary
problem
Use of Language terminology word choice  With errors in
 Ordinary word
appropriately and no two communication
choice with
and correctly major errors
some serious
 No major and a few
errors.
grammatical minor errors
or spelling
errors
 Marginally
 Legible  Writing is not
legible  Writing is not
Legibility handwriting or legible in
handwriting or legible
printing places
printing
TOTAL

OTHER REQUIREMENTS AND ASSESSMENTS:

Project – Summarization of Topics to be submitted per class
Activity/ Quizzes

GRADING SYSTEM:
Term Examinations 30%
Quizzes/Activities 20%
Project 30%
Participation/Recitation 10%
Attendance/ Promptness 10%
TOTAL 100%
Final Grade = Midterm Grade + Tentative Final Grade Period
2

Range Grade

97-100 1.00

94 – 96 1.25

91 – 93 1.50

88 – 90 1.75

85 – 87 2.00

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 82 – 84 2.25

79 – 81 2.50

76 – 78 2.75

75 3.00

74 and below 5.00

References:
Valix, Conrado T., et.al, Intermediate Accounting Volume 2, GIC Enterprises & Co., Inc.
Robles, Empleo, Intermediate Accounting Volume 2, Millennium Books, Inc.
Milan, Intermediate Accounting Volume 2, Bandolin Enterprise
Online Resources:
https://www.ifrs.org

Required Readings
Valix, Conrado T., et.al, Intermediate Accounting Volume 2, GIC Enterprises & Co., Inc.

Class Policies:
1. The students’ listed in the master list from the MIS office shall be permitted to attend
the class.
2. Enrolled students must attend to the class promptly. Must attend to each class
prepared.
3. Students are expected to undergo all assessment tasks on the date scheduled and
participate actively in the discussion as well as the different activities involved in the
course and in the extra-curricular activities determined by the college.
4. Cheating is equivalent to lower grade to a failing grade in the subject. (see Student
Handbook pp. 40)
5. Requirements in Learning Activities e.g. project, term paper, case study etc., which is
not submitted on or before the due date will no longer be accepted.
6. The use of electronic gadgets like cell phones, tablets, laptops, mp3, etc. are not
allowed during class hours unless needed for face to face mode of class only.
7. Sit in students may attend the class upon the approval of the course teacher.
8. Always maintain the cleanliness and orderliness of the room before and after the
class.

ACADEMIC DISHONESTY
All BS Accountancy Student are expected to be academically honest. Any act of
misconduct corresponds to disciplinary actions imposed by the university. Cheating,
Plagiarism or making false presentation of academic performance are examples of
academic dishonesty. Any student found guilty of these offense/s will be marked F
(Failed) or 5.0. Plagiarism and cheating refers to the use of unauthorized notes,
securing help during examinations, assignments, reports or cases, signing another
students name on the attendance sheet, or otherwise practicing scholastic dishonesty.

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(Please refer to Student Handbook Section D. Grounds for Disciplinary Sanctions page
40-43)

POLICY ON ATTENDANCE
Students must attend the class regularly. They must be marked tardy if arrived 15
minutes after the start of the scheduled time. The student is considered absent after
checking the attendance. Students with three (3) late will be equivalent to one (1)
absent. Request for excuse must be presented upon reporting back to class duly
certified by the attending physician or the University doctor if sick. If other reasons
occur, student must present a valid excuse letter signed by their parents or guardian.
Special examinations will be allowed only in special cases, such as prolonged illness or
unexpected situation takes place.

POLICY ON SCORING AND GRADES

The required passing score in all quantitative learning activities such as quizzes,
assignments, projects, etc., is 75% of the total items, which shall have an equivalent
grade of 75 or 3.0. In determining the term grade and final grade, the computed grade
will be rounded up to its hundredths only, for example 74.99. This will be used to
determine the equivalent grade, which on the above example, 5.0.

Prepared by:

Keicy M. Benedictos, CPA, MBA

Program Chair

Approved:

Dr. Emerlita S.Naguiat

Dean, College od Business Administration

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