BM1706

Course Syllabus
STI VISION: STI INSTITUTIONAL OUTCOMES:
To be the leader in innovative and relevant education that
nurtures individuals to become competent and responsible Character (IO1): An STIer is a person of character. An STIer takes responsibility for his/her actions, treats people with
members of society respect, and lives with integrity.

STI MISSION: Critical thinker (IO2): An STIer is a critical thinker. An STIer challenges and analyses all information through sound
We are an institution committed to provide knowledge through questioning and is unafraid to push for creative ideas.
the development and delivery of superior learning systems.
Communicator (IO3): An STIer communicates to understand and be understood. An STIer discerns the value of
We strive to provide optimum value to all our stakeholders - our information read or heard and effectively expresses his/her own emotions when sharing information, may it be
students, our faculty members, our employees, our partners, our spoken or written.
shareholders, and our community.
Change-adept (IO4): An STIer is change-adept. An STIer can adjust, adapt, and reinvent continuously to changing
We will pursue this mission with utmost integrity, dedication, circumstances. An STIer believes in letting go of the old and embracing the new to achieve his/her fullest potential.
transparency, and creativity.
SERIAL NUMBER: BM1706 COURSE TITLE: INTERMEDIATE ACCOUNTING 1 CREDIT: 3 units (3 hours lecture per week)
COURSE DESCRIPTION: This course covers the detailed discussion, appreciation, and application of the Philippine Financial Reporting Standards (PFRS) on the assets,
financial and non-financial of a business enterprise. Emphasis is given on the interpretation and application of the accounting standards on
financial assets and their required disclosures.

PREREQUISITE: ACCT1003-Financial Accounting and Reporting

COURSE OUTCOMES: After successful completion of this course, the student should be able to:

CO1. Discuss the growth of accounting profession throughout the years. (MAPO4-PI14; BAPO4-P16; AIPO4-P14)
CO2. Explain and analyze the financial statement assets’ valuation in the Statement of Financial Position. (MAPO1-PI1; BAPO1-PI1; AIPO1-PI1;
BAPO5-PI17; AIPO5-PI15; MAP05-PI15; MAPO4-PI14; BAPO4-PI16; AIPO4-PI14)
CO3. Perform proper presentation, disclosure and applicable standards through devising the applicable disclosures and identifying correct
classification of accounts; (BAPO1-PI1; AIPO1-PI1; MAPO1-PI1; BAPO5-PI17; AIPO5-PI15; MAP05-PI15; MAPO4-PI14; BAPO4-PI16; AIPO4-
PI14)
CO4. Improve competence in solving practical financial asset problems. (MAPO4-PI14; BAPO4-PI16; AIPO4-PI14)

PREPARED BY: VERIFIED BY: REVIEWED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Alyanna R. Tobias, Ed.M Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL
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CO5. Develop brief knowledge about liabilities by performing sound judgement in recognizing liabilities. (MAPO4-PI14; BAPO4-PI16; AIPO4-
PI14)
MANDATED BOOK: None
REFERENCES: 1. Robles, N. S., & Empleo, P. M. (2016). Intermediate accounting volume 1. Mandaluyong: Millenium Books, Inc.
2. Stolowy, H., & Ding, Y. (2017). Financial accounting and reporting: A Global perspective, 5th Edition. Singapore: Andre Ashwin.
3. Valix, C. T., Peralta, J. F., & M., C. A. (2016). Financial accounting volume one. Manila: GIC Enterprises & Co., Inc.
COURSE REQUIREMENTS:  Lecture Discussion
 Major Examinations
 Practical Examinations
 Quizzes
 Assignments
 Task Performance

GRADING SYSTEM: The following percentage distribution shall be followed:

Prelims 20%
Midterms 20%
Pre-finals 20%
Finals 40%
100%

The following are the recommended periodical grade components for this course:

Class Participation (Recitation, Quiz, etc.) 20%

Task Performance 50%
Major Examination 30%
100%
We’d be glad to hear from you. For questions or feedback on this course, feel free to email us through student.feedback@sti.edu

PREPARED BY: VERIFIED BY: REVIEWED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Alyanna R. Tobias, Ed.M Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL
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Course Outline
Student Teaching and Learning
Learning Objectives (LO) Week LEC Hours TOPICS Slides I-Guide Assessment Tasks
Handouts Activities
1 Analyze the effects of 1 3 Growth of Accounting: Sumer to 1-23 1-11 1-4 Discussion Digital Learning
Accounting in the business Modern Accounting
Industry(CO1) History of Accounting: its 4-Minute Paper
2 Discuss the historical development to Modern eLMS Quiz
development of accounting. Accounting Word-guessing Game
(CO1) Disciplines of Accounting
3 Identify disciplines Standard-Setting Bodies and Think-Ink-Pair-Share
of accounting (CO1) Conceptual Framework
4 Identify local and
international standard-
setting bodies and
conceptual framework (CO3)
5 Define and determine 2-3 6 Cash and Cash Equivalents 1-30 1-9 1-12 Discussion Mock Board
proper valuation of Valuation of Financial Assets
Financial Assets (CO2) Definition of Cash and Cash Think-Ink-Pair-Share
6 Evaluate the objectives of Equivalents eLMS Quiz
management and internal Reporting Cash in the Financial Journalizing
control over cash (CO3) Statement Case Analysis
7 Compute and analyze how Cash Management Bank Reconciliation
cash and cash equivalents Internal Control over Cash
are presented in the Petty Cash Fund Assignment
Financial Statements Bank Reconciliation
(CO2,CO3 and CO4) Proof of Cash
8 Properly account for Petty
Cash Fund Transactions
(CO3)
9 Prepare Bank Reconciliation
and explain its purpose (CO4)

PREPARED BY: VERIFIED BY: REVIEWED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Alyanna R. Tobias, Ed.M Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL
 BM1706

Student Teaching and Learning

Learning Objectives (LO) Week LEC Hours TOPICS Slides I-Guide Assessment Tasks
Handouts Activities
10 Devise proof of cash from
cash transactions(CO4)
11 Interpret the nature of 4 3 Receivables 1-28 1-8 1-12 Discussion Assignment
Receivables (CO2) Nature of Receivables
12 Identify proper classification, Classification, Valuation and Generalization Activity Written Quiz
valuation and presentation Financial Statement Presentation
of accounts receivable (CO3) Accounts Receivable Task Performance
13 Formulate entries for Initial measurement of Accounts
transactions relating to Receivable
accounts receivable and Subsequent measurement of
notes receivable (CO4) Accounts Receivable
14 Analyze and compute Recording the Write-Off of an eLMS Quiz
complex transactions Uncollectible Account
regarding receivables (CO4) Notes Receivable
15 Identify required disclosures Loans Receivable
for financial statement Receivable Financing
presentation (CO3)
16 Compose entries to account
for different forms of
receivable financing (CO4)
5 1 PRELIMINARY EXAMINATION Periodical Examination Pen-and-paper
Test
17 Interpret the nature of 6 3 Inventories 1-24 1-10 1-14 Discussion Required
Inventories (CO2) Nature of Inventories Disclosures
18 Identify the types of Cost of Inventories 4-Minute Paper
Inventories (CO2) Classification of Inventories Mock Board
19 Distinguish the difference in Systems of recording Inventories Journalizing
systems of recording Inventory valuation eLMS Quiz
Inventories (CO2) Valuation methods on outflows of
Inventories Case Analysis

PREPARED BY: VERIFIED BY: REVIEWED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Alyanna R. Tobias, Ed.M Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL
 BM1706

Student Teaching and Learning

Learning Objectives (LO) Week LEC Hours TOPICS Slides I-Guide Assessment Tasks
Handouts Activities
20 Analyze and compute Disclosures in Inventory
complex transactions Valuations
regarding inventories (CO4)
21 Cite the nature of Property 7-9 9 Property, Plant and Equipment 1-51 1-12 1-18 Discussion Mock Board
Plant and Equipment (CO2) (PPE)
22 Account for initial Property Plant and Equipment Collaborative Task eLMS Quiz
recognition of Property, Defined
Plant and Equipment (CO2) Initial Recognition and Valuation Ask the winner
23 Compute and identify the List of Property Plant and
difference between the Equipment and its Characteristics Practice Test
types of acquisition Types of Acquisition of Property Questions
of Property, Plant and Plant and Equipment
Equipment (CO4) Depreciation
24 Analyze the different Depreciation Methods
depreciation methods (CO4) Component Depreciation
25 Calculate depreciation Partial Period depreciation
problems of Property, Plant Depletion of Natural Resources
And Equipment (CO4) Depreciating Assets used in
26 Measure Property Plant and Mining
Equipment after initial Measurement of Property Plant
Recognition (CO2) And Equipment after Initial
27 Calculate Impairment of Recognition
Asset Values (CO4) Impairment of Asset Values
28 Solve issues in changes in Change in Accounting Estimate
accounting estimate, and Affecting Property, Plant and
correction of errors (CO4) Equipment
29 Identify the required Correction of Errors in
disclosure and compute for depreciation, derecognition and
derecognition of property, disclosures
plant and equipment (CO3,
CO4)

PREPARED BY: VERIFIED BY: REVIEWED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Alyanna R. Tobias, Ed.M Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL
 BM1706

Student Teaching and Learning

Learning Objectives (LO) Week LEC Hours TOPICS Slides I-Guide Assessment Tasks
Handouts Activities
10 1 MIDTERM EXAMINATION Periodical Examination Pen-and-Paper
Test
30 Discuss the Nature of 11 3 Intangible Assets 1-21 1-7 1-6 Discussion Assignment
Intangible Assets (CO2) Nature of Intangible Assets
31 Compute for acquisition of Categories of Intangible Assets Ask the winner
intangible Assets (CO4) Recognition of Intangible Assets eLMS Quiz
32 Formulate appropriate Change in Intangible Asset Values Practice Test
entries for amortization, Expense recognition of Questions
impairment and subsequent Expenditures in Intangible Assets
expenditures (CO2) Measurement after Initial
33 Identify the proper Recognition
presentation of Accounting for Research and
intangible assets in the Development
Financial Statements (CO3) Amortization of Intangibles
Impairment of Goodwill and
Cash Generating Unit
Impairment reversal and
Derecognition of intangible
Assets
Required disclosures

34 Discuss the nature of 12-13 6 Investment in Equity and 1-22 1-8 Discussion Assignment
Investments (CO2) Debt Securities
35 Identify the importance of Nature of Investment Ask the winner Mock Board Exam
Investments (CO2) Investment in Securities
36 Distinguish the different Principles in recognition of Empty Outlines eLMS Quiz
Classification of investment Financial Assets
Securities (CO2) Subsequent transactions after
37 Measure Investments at Initial recognition
Initial Recognition (CO2) Impairment of Equity Investments

PREPARED BY: VERIFIED BY: REVIEWED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Alyanna R. Tobias, Ed.M Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL
 BM1706

Student Teaching and Learning

Learning Objectives (LO) Week LEC Hours TOPICS Slides I-Guide Assessment Tasks
Handouts Activities
38 Devise entries for transaction Investment in Associate and Joint
Involving Investment Venture
Securities (CO2) Investment in Debt Securities
39 Calculate the exact value Debt Investment at Amortized
of investment as of the Cost, and its disposal
Reporting date (CO4) Debt Investment at Fair Value
40 Illustrate the principles of Through Profit or Loss
Reclassification of Financial Debt Investment at Fair Value
Assets (CO3) through OCI
41 Identify the required Impairment Loss on Debt
disclosures (CO3) Investment
Reclassification of Debt
Investment
Required Disclosures

14 1 PRE-FINAL EXAMINATION Periodical Examination Pen-and-Paper

Test
42 Distinguish investment 15-16 6 Investment Property and other 22 9 5 Discussion Assignment
Property from owner- Non-current assets
occupied property (CO2) Investment Property Ask the winner Written Quiz
43 Measure investment at initial Initial Recognition
recognition (CO2) Valuation after Initial Recognition Collaborative Task
44 Devise entries about Transfers to and from other
investment properties and Classifications eLMS Quiz
other non-current assets. Presentation on the Statement of
(CO4) Financial Position
45 Identify and apply the Derecognition
criteria in classifying assets Required Disclosures
as held for sale (CO2) Other Non-current financial
Asset

PREPARED BY: VERIFIED BY: REVIEWED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Alyanna R. Tobias, Ed.M Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL
 BM1706

Student Teaching and Learning

Learning Objectives (LO) Week LEC Hours TOPICS Slides I-Guide Assessment Tasks
Handouts Activities
46 Apply proper presentation Non-current asset held for sale:
and disclosure(CO3) measurement, reclassification and
Financial Statement
presentation
Required Disclosures

47 Define biological assets
(CO2)
48 Distinguish the difference
between biological assets,
agricultural produce and
bearer plants (CO2)
49 Compute the value of
biological asset (CO4)
50 Devise entries for biological
asset (CO4)
51 Discuss an overview of
Liabilities (CO5)
17 3 Biological Assets and Liabilities 14 8 3 Discussion eLMS Quiz
Definition of Biological Assets,
Agricultural produce and bearer
Agricultural Activity Ask the winner
Accounting for Biological Asset:
Initial recognition, after initial
recognition valuation and entries Digital Learning
Agricultural Produce
Overview of liabilities
18 1 FINAL EXAMINATION Periodical Examination Pen-and-Paper
Test

PREPARED BY: VERIFIED BY: REVIEWED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Alyanna R. Tobias, Ed.M Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL