Republic of the Philippines

SAMAR COLLEGES, INC.

Catbalogan City

OBE – ALIGNED SYLLABUS

I. Course Code : EM 207
II. Course Descriptive Title : Financial Planning and Control
III. Credit Units/ Time Frame : 3 Units
IV. Course Pre-requisite/s : None
V. Academic Term & School Year : Second Semester, Academic Year 2022-2023
VI. Samar College, College of Graduate
Studies Vision and Mission :

SC, CGS Vision

The Samar College Graduate School envisions graduate students to be competent, effective and innovative leaders in their
respective fields of endeavors who shall blaze the trail in the continuing search for truth towards the enlightenment and empowerment
of Samareños in their journey to a genuine and fulfilling liberation.

SC, CGS Mission

The Samar College of Graduate Studies is committed to the attainment of academic excellent in and through relevant instruction
and research as well as the innovation of alternative of learning that would ultimately improve the quality of life of its clientele in their
peculiar ecology.

In fulfilling thereof, the College of Graduate Studies shall offer advanced studies in Education and other relevant graduate
programs responsive to the needs and demands of the community it serves.

VII. College of Graduate Studies Goals

A. As a Research Department, it intends:

1. To gear its research on the problems, conflicts, and contradictions found in the islands as well as its weaknesses which arrest
and hinder its development;
2. To discover and conserve the rich cultural heritage of Samar Island and develop its natural potentials for economic
development thereby inspire and encourage both its students and other clientele in the community to appreciate and love
their own island as a part of their national heritage;
3. To foster interdisciplinary research in collaboration with all sectors of the community, whether public or private academic non
– research and education in general, thereby strengthening educational programs aimed at the development of the island.
 4. To facilitate the development of research – oriented faculty, non – teaching personnel and student of Samar College through
the implementation of the programs and activities of a functional research council; and
5. To maintain closer cooperation with other institution of higher learning particularly, in the island of Samar, in the area of
research and education in general, hereby strengthening educational programs aimed at the development of the island.

B. As a Teaching Department, it aims:

6. To develop among its student’s leadership competencies and skills required by the particular role they play in the society;
7. To develop among its students’ positive attitudes toward research in order to enhance their scientific and creative mental
abilities needed for pursuit of their individual and collective aspirations in the context of their peculiar ecology and
opportunities; and
8. To assist in the implementation of an effective and relevant faculty development program of the school.

C. As a Service Department, it purports:

9. To initiate, facilitate and maintain continuing education for all the members of the school community by holding regular
conferences, seminars, workshops, and the like, in coordination with other institutions in the society, in order to ensure the
achievement of relevant education and academic excellence; and
10. To publish, disseminate, and share its findings to individuals and institutions who share the philosophy, vision, mission and
goals of Samar College.

VIII. Course Description

This course deals with the study of financial planning and control, it emphasizes the importance of the basic concepts of financial
planning and its application to actual Philippine education setting. It also includes selected topics on public finance in order to
understand some policies on raising and disbursing public funds for government operations that are applied in the realization of national
goals and objectives, in which everyone is affected and therefore should be the concern of all. It introduces the importance of financial
and fiscal administration, elements of financial statements, accounting of government funds, income taxation principles and policies. It
gives importance on the schools’ budgeting system so that the student learns in the preparation of school’s budget or other financial
related report.
Specifically, this course contains topics on budgeting approaches and costing of education plans, financing school facilities,
budgeting, accounting and auditing rules and regulation of the Department of Education.

IX Course Learning Outcomes

1. Understand and critique the different theories, concepts and policies of monetary and fiscal policies of the government.
2, Share significant concepts on costing of education plan, financing school facilities, accounting and auditing rules and
regulations of the Department of Education.

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 3. Learn the several approaches of budgeting and its process in the preparation for the Maintenance and other operating
expenses (MOOE) of the public school.
4. Demonstrate on how to prepare the municipal and barangay budget using the official forms of the government.
5. Write in the BIR form the sample computation of an individual income tax return.

X. Core Values to be developed:

Integrity, Honesty, Respect, Concern for others, Passion f or Excellence, Dedication to service, God-fearing and principle-centered

XI. Course Contents

Topics No. of Hours

PRELIM TO MID-TERM

A. Preliminaries 2.0
1. Vision, Mission, Goals and Objectives of Samar College
2. College Goals and Program Objectives
3. Classroom rules and policies
4. Course Overview and Expectation

B. Course Introduction
1. Nature, Purpose and Scope of Financial Management 2.0
2. Relationship of Financial Objectives to Organization Strategy and Other Organizational
Objectives

C. Functions of Financial Management 2.0

1. Role of Finance Manager
2. The Finance Organization
3. Relationship with other Key Functional managers in the organization

D. The Financial Environment 2.0

1. What is Finance
2. Why Study Finance
3. Overview of the Financial System
4. Types of Financial Institution
5. Types of Financial Market
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 6. Types of Securities
7. International Securities and Markets

E. Financial Statements and Its Elements 2.0

1. Balance Sheet and Its Forms
 Assets and Their Classification
 Liabilities and Their Classification
 Shareholders Equity and Its Component
2. Statement of Retained Earnings
3. Statement of Changes in Equity
4. Income Statement and Its Forms
5. Statement of Comprehensive Income
8. Statement of Cash Flow

F. Forms of Organization
1. Proprietorship 2.5
2. Partnership
3. Corporation
4. Hybrid type of Organization

G. Money and the Monetary System 2.0

1. Review of the Financial System
2. Overview of the Monetary System
3. Function of Money
4. Banks and Other Financial Institution
2.0
H. Monetary Policy and Fiscal Policy

I. Foundation of Philippine Budget System 2.0

J. Contents of Budget Calls & Budget Forms 2.0

K. Budgeting and Education Plan 3.0

1. Financial Aspects of Educational Planning and Budgeting

1.1 Budgeting
a. Definition and functions
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 b. Planning and Budgeting Linkage
c. Types of Budgeting
2. Budgeting System
2.1 Types of Budgets
2.2 Budget Process in the National Government
2.3 Budget Process in the Department
a. Budget Preparation
b. Budget Authorization
c. Budget Execution
d. Budget Accountability
2.4 Budgeting System of Education Sector 2.0
a. Peculiarities of the Education Budget
b. General Principles and considerations in the preparation of the Education Budget
c. Procedures and Steps in Preparing the recurrent budget
d. Preparing the recurrent budget
1. Personal Services
2. Maintenance and Other Operating Expenses (MOOE)
e. Preparing the Development Budget
f. Planning the School Budget Calendar
2.0
L. Accounting Rules
1. Release of Funds
2. Budget Accountability
3. Cash Advance
4. Handling, and Custody and Disposition of the cashbook
5. Preparation of Payroll
6. General Guidelines on Request of Funds

M. Auditing Rules
1. Constitutional and Statutory Safeguards
2. Receipt in General 3.0
3. Acknowledgement of Collection
4. Control of Collection
5. Expenditures and Disbursement
6. Disbursements
7. The Modified Disbursement System
8. Salaries under Special Circumstances

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 9. Addition or double Compensation

MIDTERM EXAMINATION

N. Costing of Educational Plans 2.0

1. Basic Concept of Education Costs
2. Uses of Education Costs
3. Methods of Educational Costing
4. Projection of Unit Costs
5. Pointers in Computing Education Costs 3.0
6. Getting the Education Cost of a Particular Course/Program
7. Capital Expenditure on Plant and Facilities
8. Components of Costs
9. Costs of Units of Accommodation

O. Financing School Facilities

1. Basis and Sources
2. DECS School Building Program
3. Local Government Funds
2.0
4. Special Education Fund (SEF)
5. Voluntary Contributions and Donations
6. Adopt-A-School Program

P. Fiscal Administration
1. Organizing for Fiscal Administration
2. Fiscal Control Mechanisms
3. New Policy Guidelines for Budgeting
2.0
4. Appropriation and Obligations
5. Local (Municipality/City) Fiscal Management
6. Barangay Budget
7. Some Problem Areas in Budgeting, (Local and National)
3.0
Q. Dealing with Public Fiscal administration
1. Fiscal Policies
2. Fiscal Transparency and Its Code
3. Fiscal Accountability
4. Fiscal Trends
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 5. Department of Budget and Management (DBM)
6. Bureau of Internal Revenue
7. Accounting Monitoring COA
8. Fiscal Strategy and New Measures in the Philippines
9. Improvements in Tax Collection 1.5
10. Fiscal Strategy and New Measures in the Philippines
11. Improvement in Tax Collection
1.5
R. Government Sources of Income
1. Tax and Non-Tax Principles
2. Theories and Policies

S. Income Taxation 2.5

1. Individual Taxation
2. Kinds of Individual Taxpayer
3. Inclusions to and Exclusions from the Gross Income of Individual

T. Coping with Corruption 3.0

1. Transparency
2. Corruption Everywhere
3. Ethics and Governance
4. Building an Honest to Goodness Civil service
5. A Call for work ethics and renewal
6. A case of Corruption
7. The Culture of Corruption
8. Public Office is a Public Trust
9. Public Officers and Employees in the Civil Service
10. Anti-Graft and Corrupt Practices
11. Bureaucracy and Accountability
12.Code of Conduct and Ethical Standards for Public Officials
13. Basis for Disciplinary Action 3.0
14. A political commitment and the Role of the Ombudsman
15. The Future of Corruption
16. Operational Thrust of Ethics and Accountability
17. Towards Ethical and Accountable governance

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U. Education – Public Finance
1. Justifying Government Intervention in Education
2. What can Government Intervention in Educations Accomplish
3. New Directions for Public Education

FINAL EXAMINATION
54 Hours

TOTAL

XII. Grading System

1. Midterm/Final Examination 40%

2. Oral Report and individual learning Insights, & attendance 30%
3. Assignment, classmate’s rating on individual report,
active participation and SIP/equivalent reaction paper 20%
4. Compilation/clippings of present news on financial economic status of the Phils. 10%
100%

XIII Required Readings: Books, Newspaper/Journals readings about current issues on Finance and Economy of the country.

XIV. Course Requirements

1. Oral and written report on assigned topic/s
2. Reproduced printed copies of report/handouts
3. Reaction paper on School Improvement Plan (SIP/MOOE)
4. Library-research/compilation-clippings of present news on financial/economic status of the Philippines.
4. Mid-Term and Final Exams

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 XV. Learning Plan
Time Teaching –
SPECIFIC LEARNING Content Frame Resources Learning Assessment
OUTCOMES (hour) Activities

 Orientation for the Samar A. Preliminaries Samar College Student’s

College Mission, Vision, 1. Vision, Mission, Goals and 2.0 Hand Book Participative Oral
Goals and Objectives Objectives of Samar College Model Recitation
 Discuss the Graduate 2.College Goals and Program
Studies Goals, Program Objectives Course Syllabus
and Objectives 3. Classroom rules and policies
 Identify and orient the 4. Course Overview and Expectation
2.0
different criterion of the Lecture-
grading system, classroom B. Course Introduction Discussion Quiz-Insights
rules and 1. Nature, Purpose and Scope of Cabrera, Elenita, Financial method
classroom policies Financial Management Management, 2013
2. Relationship of Financial
 Understand the nature, Objectives to
purpose and scope of Organization Strategy and Other
Financial Management and its Organizational Objectives Styanarayana,
relations to organization 2.0 Penumarthi, Financial
strategy and objectives C. Functions of Financial Management Management, 2016 Group Activity
1. Role of Finance Manager
 Know the basic concept of 2. The Finance Organization Expository
financial management in 3. Relationship with another Key Approach
business and to relate it to the Functional
education financial approach. managers in the organization
2.0 Anastacio et al, Seatwork/
D. Forms of Organization Fundamentals of Financial Board work
 Share the knowledge on the 1. Proprietorship Management, 2016 Outcomes-
different forms of organization 2. Partnership Based

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 3. Corporation Approach
4. Hybrid type of Organization

2.0
E. The Financial Environment Balatbat, Cabrera. Oral
1. What is Finance Financial Management Recitation
 Understand the significant 2. Why Study Finance Principles & Application Cooperative
accounts of financial 3. Overview of the Financial System vol. 1., 2015. and
statements and positions. 4. Types of Financial Institution Collaborative
5. Types of Financial Market Learning
6. Types of Securities
7. International Securities and Markets Quiz-
Ga Garrison, Ray H. et al. (Insights,
F. Financial Statements and Its Elements Managerial Accounting 2nd Diagnostic,
1. Balance Sheet and Its Forms edition, 2015 Formative and
 Assets and Their Classification 2.5 Summative
 Liabilities and Their Reportorial Test)
 Know the importance of Classification Method
finance and its system and  Shareholders Equity and Its
relate it to the education Components
sector. 2. Statement of Retained Earnings Anastacio et al,
3. Statement of Changing Equity Fundamentals of Financial Outcomes-
4. Income Statements and Its Forms Management,2016 Based
5. Statement of Comprehensive Approach
Income Group Activity
6.. Statement of Cash Flow 2.0
Mayo, Herbert B., Basic
G. Money and the Monetary System Finance 10th Edition, 2015
1. Review of the Financial System Expository
2. Overview of the Monetary System Approach
3. Function of Money Internet/Online Sources
4. Banks and Other Financial Institution 2.0

 Understand the strengths H. Monetary Policy and Fiscal Policy 3.0 Board work
and weaknesses of the
present budgeting and I. Foundation of Philippine Budget Franco, Educational Brainstorming
accounting system. System Planning, latest ed., 2012

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 J. Contents of Budget Calls & Budget
Forms
K. Budgeting and Education Plan

 Learn and share the different 1. Financial Aspects of Educational

principles of budgetary Planning and Budgeting Inductive
approaches. 1.1 Budgeting Compilation of Handouts Method
a. Definition and functions of Financial Planning
b. Planning and Budgeting 2016-2017 and 2017-2018 Oral
Linkage Recitation
c. Types of Budgeting
2. Budgeting System
2.1 Types of Budgets Participative
 Determine and identify the 2.2 Budget Process in the National Model
significant stages and concept Government
of budgeting system. 2.3 Budget Process in the 2.0 Quiz-
Department Compilation of Handouts (Insights,
a. Budget Preparation 2017-2018 Diagnostic,
b. Budget Authorization Outcomes- Formative and
c. Budget Execution Based Summative
d. Budget Accountability Approach Test)
2.4 Budgeting System of Education
Sector
a. Peculiarities of the Education
Budget
b. General Principles and Group Activity
considerations in the
preparation of the Education
Know the budgeting process in the Budget DECS Manual 2000
Dep.Ed. c. Procedures and Steps in Expository
Preparing the recurrent budget Approach
d. Preparing the recurrent budget Board work
1. Personal Services
2. Maintenance and Other
Operating Expenses
(MOOE) 2.0

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 e. Preparing the Development Brainstorming
Budget Internet/Online Sources
f. Planning the School Budget
Calendar Oral
Reportorial Recitation
L. Accounting Rules Method
1. Release of Funds DECS Manual 2000
2. Budget Accountability
3. Cash Advance
4. Handling, and Custody and
Disposition of the cashbook Quiz-(Insights
Share the significant concepts of 5. Preparation of Payroll 3.0 Diagnostic,
the Auditing rules as functions of 6. General Guidelines on Request of Compilation of Handouts Formative and
COA Funds 2016-2017 and Summative
2017-2018 Test)
M. Auditing Rules Participative
1. Constitutional and Statutory Model
Safeguards
2. Receipt in General
3. Acknowledgement of Collection Peterson, A. Research
4. Control of Collection Methods for Accounting Thesis
5. Expenditures and Disbursement & Finance, 2016 ed. Lecture- Proposal
6. Disbursements Discussion
7. The Modified Disbursement System Method
8. Salaries under Special 2.0
Circumstances
Demonstrate on how costing of 9. Addition or double Compensation 3.0
educational plans computed Group Activity
MIDTERM EXAMINATION

N. Costing of Educational Plans DECS Manual 2000

1. Basic Concept of Education Costs Expository
2. Uses of Education Costs Approach
3. Methods of Educational Costing Board work
4. Projection of Unit Costs
5. Pointers in Computing Education
Costs

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 6. Getting the Education Cost of a
Particular Course/Program Brainstorming
7. Capital Expenditure on Plant and Oral
 Know the basis and sources 2.0 Recitation
Facilities
in financing school’s Lecture-
8. Components of Costs DepEd.Internet Source, Discussion
facilities.
9. Costs of Units of Accommodation 2018 Method
O. Financing School Facilities
1. Basis and Sources Quiz-(Insights
2. DECS School Building Program Diagnostic,
 Evaluate and trace the 3. Local Government Funds Formative and
effectiveness of program’s 4. Special Education Fund (SEF) 2.0 Summative
expenses. 5. Voluntary Contributions and Test)
Donations DBM Memorandum 2017- Participative
6. Adopt-A-School Program 3.0 2018 Model
 Identify the importance of
fiscal administration and
P. Fiscal Administration
monetary policy to
1. Organizing for Fiscal Administration Tendero, Avelino P.,
country’s economy.
2. Fiscal Control Mechanisms Theory and Practice of
3. New Policy Guidelines for Budgeting Public Administration in Lecture
4. Appropriation and Obligations the Philippines, copyright Discussion Group Activity
5. Local (Municipality/City) Fiscal latest ed. 2012
Management
6. Barangay Budget
7. Some Problem Areas in Budgeting
(Local and National)
 Critique the present
monetary policies of the Expository Board work
Q. Dealing with Public Fiscal 4.0 Approach
Department of finance
Administration Punzalan and Cardona
1. Fiscal Policies 1.5 Government Accounting,
2. Fiscal Transparency and Its Code 2008 ed.
3. Fiscal Accountability 1.5
4. Fiscal Trends
 Know on how to fill out the 5. Budgetary Management in the
BIR form for Individual Brainstorming
Philippines
income tax 6. Framework for Budgetary 2.5 Urbano, Bartolome R.

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 Activities Income Taxation Made Board Work
7. Department of Budget and Available, c. 2009
Management (DBM)
 Know and discuss the 8. Bureau of Internal Revenue
different sources of fund to 9. Accounting Monitoring COA 4.0 Outcomes-
finance school’s facilities 10. Fiscal Strategy and New Based
and program. Measures in the Philippines 3.0 Lazo, Ricardo, Public Approach
11. Improvement in Tax Collection Administration in the
Phil’s., 2011
R. Government Sources of Income
1. Tax and Non-Tax Principles Oral
2. Theories and Policies Recitation

S. Income Taxation
1. Individual Taxation Compilation of Handouts Participative
2. Kinds of Individual Taxpayer 2016-2017, 2018-2019 Model
3. Inclusions to and Exclusions from
the Gross Income of Individual Quiz-(Insights
Diagnostic,
T. Coping with Corruption Formative and
1. Transparency Summative
 Critique the impact of 2. Corruption Everywhere Outcomes- Test)
misappropriation of 3. Ethics and Governance Based
government fund to the 4. Building an Honest to Goodness 3.0 Lazo, Ricardo, Public Approaoch
basic community including Civil service Administration in the
the public schools’ children 5. A Call for work ethics and renewal Phil’s., 2011
and the effect of corruption 6. A case of Corruption
to it. 7. The Culture of Corruption
8. Public Office is a Public Trust
9. Public Officers and Employees in
the Civil Service Group Activity
10. Anti-Graft and Corrupt Practices Expository
11. Bureaucracy and Accountability Approach
12.Code of Conduct and Ethical
Standards for Public Officials
13. Basis for Disciplinary Action
14. A political commitment and the

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 Role of the Ombudsman
15. The Future of Corruption Oral
16. Operational Thrust of Ethics and Recitation
Accountability
17. Towards Ethical and Accountable
Widen the student’s perspective on governance 2.0 Brainstorming
government intervention in Resen and Gayen, Public
Education of our countries. U. Education – Public Finance Finance, 2010
1. Justifying Government Intervention
in Education Expository Written
2. What can Government Intervention Approach Final
in Educations Accomplish Examination
3. New Directions for Public Education 2.0

FINAL EXAMINATION

XVI. Suggested Readings and References:

Anastacio et al, Fundamentals of Financial Management,2016

Balatbat, Cabrera. Financial Management Principles & Application vol. 1, 2015
Cabrera, Ma. Elenita B., Financial Management Principles and Applications, c. 2012
Garrison, Ray H. et al., Managerial Accounting 2nd edition, 2015
Lazo, Ricardo, Public Administration in the Phil’s., 2011
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 Leveriza, Jose, Public Administration 2009 reprint
Mayo, Herbert B., Basic Finance 10th Edition, 2015
Peterson, A. Research methods for Accounting and Finance (global management series), 2016
Punzalan, Angelino R. and Cardona, Government Accounting, 2008 ed.
Resen and Gayen, Public Finance, 2010
Styanarayana, Penumarthi. Financial Management, 2016
Tendero, Avelino P., Theory and Practice of Public Administration in the Philippines, copyright latest ed.,2012
Urbano, Bartolome R. Income Taxation Made Available, c. 2009

Others:
Book available of Financial Planning at e-library, just search.
Course Syllabus
Latest Compilation of Report
Latest DBM Memorandum (Budget Call of current year)
DECS Service Manual 2000
Samar College Student Handbook, 2016 issued

XVII. Classroom Policies:

1. Academic honesty is expected at all times.

2. Attendance is checked every session in online classes
3. Proper decorum in online classes should be observed as dignified individuals.
4. Intellectual discussion/interaction is highly encouraged.
5. Class requirements should be passed on time. Late papers/documents will not be accepted.

XVIII. Consultation: email address: uynatalia4@gmail.com

Prepared by: Approved by:

NATALIA BARAYOGA-UY, Ph.D. NIMFA T. TORREMORO, Ph.D.

Professor Dean, College of Graduate Studies

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