LOGO AND NAME OF SCHOOL

NAME OF DEPARTMENT

SCHOOL VISION and MISSION

ABC school………

DEPARTMENT’S VISION AND MISSION/ PROGRAM OBJECTIVES

The ABM Department aims to………..

COURSE NAME: INTERMEDIATE ACCOUNTING 3

COURSE CODE:

COURSE CREDITS: 3 UNITS

CONTACT HOURS: 54 HOURS

COURSE DESCRIPTION: This is the third of a three-part study in financial accounting

which focuses on the preparation of financial statements and the concepts and application of
the PFRS for SMEs.

GENERAL OBJECTIVES: Upon completion of this course, the learners are expected to:
1. Be able to prepare a complete set of financial statements.
2. Demonstrate knowledge and skills in applying the concepts of the PFRS for SMEs.

Course Code: Course Description: Effectivity: Date revised: Page 1 of 9

Intermediate Accounting 3 1st Sem., SY 2019 May 4, 2018
- 2020
 I. DETAILED COURSE OUTLINE

Learning Goals Content Topic Learning Outcomes OBE Methodologies Time Allotment Evaluative
Measures
FIRST GRADING COVERAGE 18 hrs.
The learners shall STATEMENT OF The learners are 1. Lecture/PowerPoint 4 hrs. 1. Seat works
be able to prepare FINANCIAL expected to be able to: presentation 2. Recitation
a statement of POSITION 1. Enumerate and 2. Application of 3. Assignments
financial position 1. The complete set describe the concepts 4. Quizzes
of financial components of a 3. Classroom Q&A
statements complete set of
2. General features financial
3. The statement of statements.
financial position 2. Classify assets and
4. Current and liabilities into
noncurrent current and
assets and noncurrent.
liabilities 3. Prepare a
5. Presentation statement of
financial position.

The learners shall STATEMENT OF The learners are 1. Lecture/PowerPoint 4 hrs. 1. Seat works
be able to prepare COMPREHENSIVE expected to be able to: presentation 2. Recitation
a statement of INCOME 1. Prepare a 2. Application of 3. Assignments
profit or loss and 1. The statement Statement of Profit concepts 4. Quizzes
other of profit or loss or Loss and Other 3. Classroom Q&A
comprehensive and other Comprehensive
income comprehensive Income.
income 2. Give examples of
2. Profit or loss items of other
3. Other comprehensive
comprehensive income.
income 3. State the
4. Presentation acceptable
methods of
presenting items of
income and
expenses.

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Intermediate Accounting 3 1st Sem., SY 2019 - 2020 May 4, 2018
The learners shall REVENUE FROM The learners are 1. Lecture/PowerPoint 4 hrs. 1. Seat works
be able to account CONTRACTS WITH expected to be able to: presentation 2. Recitation
for revenue from CUSTOMERS 1. State the five steps 2. Application of 3. Assignments
contracts with 1. Revenue in the recognition concepts 4. Quizzes
customers recognition of revenue. 3. Classroom Q&A
2. Contract costs 2. Describe how
3. Presentation performance
4. Performance obligations are
obligations identified in a
5. Transaction contract.
price 3. Describe how the
6. Satisfaction of transaction price is
performance allocated to the
obligations performance
obligations.
4. State the timing of
revenue
recognition and its
measurement.
5. State the
presentation of
contracts with
customers in the
statement of
financial position.

The learners shall NONCURRENT The learners are 1. Lecture/PowerPoint 4 hrs. 1. Seat works
be able to account ASSETS HELD FOR expected to be able to: presentation 2. Recitation
for noncurrent SALE AND 1. Describe the 2. Application of 3. Assignments
assets held for sale DISCONTINUED criteria for held for concepts 4. Quizzes
and discontinued OPERATIONS sale classification. 3. Classroom Q&A
operations 1. Classification as 2. State the initial
Held for sale and subsequent
2. Measurement measurement of
3. Discontinued held for sale
operations assets.
4. Presentation 3. Differentiate the
following: (1)
Noncurrent asset
held for sale, (2)
Disposal group and
(3) Discontinued

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Intermediate Accounting 3 1st Sem., SY 2019 - 2020 May 4, 2018
 operations.
4. State the
presentation
requirements of a
discontinued
operation.

FIRST GRADING EXAMINATION 2 hrs.

Sub-total hrs. 18 hrs.

SECOND GRADING COVERAGE 18 hrs.

The learners shall STATEMENT OF The learners are 1. Lecture/ 2 hrs. 1. Seat works
be able to prepare CHANGES IN expected to be able to: PowerPoint 2. Recitation
a statement of EQUITY 1. Prepare a Statement presentation 3. Assignments
changes in equity 1. The statement of Changes in 2. Application of 4. Quizzes
of changes in Equity. concepts
equity 2. Differentiate 3. Classroom Q&A
between Statement
of Profit or Loss and
Other
Comprehensive
Income and
Statement of
Changes in Equity.

The learners shall STATEMENT OF The learners are 1. Lecture/ 4 hrs. 1. Seat works
be able to prepare CASH FLOWS expected to be able to: PowerPoint 2. Recitation
a statement of cash 1. Classification of 1. Differentiate presentation 3. Assignments
flows cash flows between the 2. Application of 4. Quizzes
2. Presentation following: (1) concepts
Operating activities, 3. Classroom Q&A
(2) Investing
activities, and (3)
Financing activities.
2. State the
classifications of the
following in a
statement of cash
flows: (a) dividends
received, (b)
dividends paid, (c)

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Intermediate Accounting 3 1st Sem., SY 2019 - 2020 May 4, 2018
 interest paid and (d)
interest received.
3. Prepare a statement
of cash flows.

The learners shall NOTES The learners are 1. Lecture/ 10 hrs. 1. Seat works
be able to state the 1. Accounting expected to be able to: PowerPoint 2. Recitation
transactions and policies, 1. State the presentation 3. Assignments
events that need to Accounting relationship of the 2. Application of 4. Quizzes
be disclosed in the estimates and notes with the other concepts
notes to the Errors components of a 3. Classroom Q&A
financial statements 2. Events after the complete set of
reporting period financial statements.
3. Related parties 2. Define the following
4. Operating and give examples:
segments (1) Change in
accounting policy,
(2) Change in
accounting
estimate, and (3)
Error.
3. Differentiate
between the
accounting
treatments of the
following: change in
accounting policy,
change in
accounting
estimate, and
correction of prior
period error.
4. Define events after
the reporting period.
5. State the accounting
requirements for
events after the
reporting period.
6. Enumerate
examples of related
parties.
7. Describe the

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Intermediate Accounting 3 1st Sem., SY 2019 - 2020 May 4, 2018
 disclosure
requirements for
related parties.
8. Define an operating
segment.
9. Describe the
“management
approach” to
identifying
reportable
segments.
10. State the
quantitative
thresholds in
identifying
reportable
segments.

SECOND GRADING EXAMINATION 2 hrs.

Sub-total hrs. 18 hrs.

FINAL GRADING COVERAGE 18 hrs.

The learners shall INTERIM The learners are 1. Lecture/ 4 hrs. 1. Seat works
be able to state the FINANCIAL expected to be able to: PowerPoint 2. Recitation
concepts regarding REPORTING 1. Define an interim presentation 3. Assignments
the presentation 1. Applicable financial report. 2. Application of 4. Quizzes
and preparation of reporting 2. State the scope and concepts
interim financial framework applicability of PAS 3. Classroom Q&A
reports 2. Recognition and 34.
measurement 3. Briefly describe the
recognition and
measurement
principles applied in
interim financial
reporting.
4. Compute for income
tax expense in the
interim financial
statements.

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Intermediate Accounting 3 1st Sem., SY 2019 - 2020 May 4, 2018
Course Code: Course Description: Effectivity: Date revised: Page 7 of 9
Intermediate Accounting 3 1st Sem., SY 2019 - 2020 May 4, 2018
The learners shall CASH TO The learners are 1. Lecture/ 4 hrs. 1. Seat works
be able to convert ACCRUAL BASIS expected to be able to: PowerPoint 2. Recitation
accounting OF ACCOUNTING 1. Differentiate cash presentation 3. Assignments
information stated 1. Accrual basis basis and accrual 2. Application of 4. Quizzes
on cash basis to 2. Cash basis basis of accounting. concepts
the accrual basis 2. Restate account 3. Classroom Q&A
balances from the
cash basis to the
accrual basis of
accounting.

The learners shall PFRS FOR SMEs The learners are 1. Lecture/ 8 hrs. 1. Seat works
be able to 1. Relevant SEC expected to be able to: PowerPoint 2. Recitation
differentiate regulations 1. State the basic presentation 3. Assignments
between the 2. The PFRS for purpose for the 2. Application of 4. Quizzes
principles of the SMEs issuance of the PFRS concepts
PFRS for SMEs and 3. Notable for SMEs. 3. Classroom Q&A
the principles of the differences 2. Define an SME.
“full” PFRSs between the 3. Provide the distinct
PFRS for SMEs differences between
and the “full” the full PFRSs and
PFRSs the PFRS for SMEs.

FINAL GRADING EXAMINATION 2 hrs.

Sub-total hrs. 18 hrs.
TOTAL HRS. 54 HRS.

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Intermediate Accounting 3 1st Sem., SY 2019 - 2020 May 4, 2018
 II. GRADING SYSTEM:

Place your school’s grading system here.

TEXTBOOK
Millan, Intermediate Accounting 3 (2019), Philippines: Bandolin Enterprise

WEBSITE REFERENCES
http://www.iasplus.com/

Prepared by:

Noted by:

Please delete this portion after reading:

Dear Fellow Teacher:

 You may change the allotted hours as you see fit.

 If you have comments or suggestions on how I can further improve my
work, please do not hesitate to contact me. You can reach me at (0917)
870 6962 or zeusvernonmillan@gmail.com.

Sincerely,

Zeus

“And the Lord's servant must not be quarrelsome but must be kind to everyone, able to teach,
not resentful.” (2 Timothy 2:24)

Course Code: Course Description: Effectivity: Date revised: Page 9 of 9

Intermediate Accounting 3 1st Sem., SY 2019 May 4, 2018
- 2020