Department of Accounting Education

ACC 225 – Course Syllabus

COURSE INFORMATION
1. Course Number : ACC 225
2. Course Name: :Business Laws and Regulations
3. Course Description :This course is intended to give the students a broad knowledge of legal provisions
governing business associations – partnerships and corporations.
4. Pre-requisite :ACC 216
5. Co-requisite : None
6. Credit : 3.0 units
7. Class Schedule : 6 hours per week

PROGRAM EDUCATIONAL OBJECTIVES (PEO) OF BSA:

Three to five years after graduation, the BSA graduates are expected to:
1. Demonstrate technical and professional competence in the practice of the profession: private,
government, academe, and public accounting.
2. Involve in continuing professional development through participation to trainings, seminars,
conferences, and further studies.

ALIGNMENT OF GRADUATE ATTRIBUTES (GAS) AND PEOS TO SOS

SO A B C D E F G H I J K L M N O P Q R S T
Galing         
Graduate Gawa           
Attributes Gawi         
Gana     
Program PEO1                 
Educational
PEO2   
Objectives

COURSE OUTCOMES (CO) OF ACC 225 AND THEIR LINKS TO SO

SO
Upon completion of the course, the BSA students are expected to:
A B C D E F G H I J
Identify the concepts, classifications, and forms of partnerships
CO 1 (including requirements set by law) and the different rights and E E E
obligations of the partners among themselves.
Explain the obligations of partners (with regards to third persons and for
CO 2 acts of partners), winding up and dissolution (its causes and effects), E E E
limited partnership and partnership by estoppel.
Determine the nature and different classifications of corporation; shares
of stock and its classes; the powers exercised by Board of
CO 3 Directors/Trustees and Corporate officers; and the statutory
E E E
requirements of incorporation.

SO
Upon completion of the course, the BSA students are expected to:
K L M N O P Q R S T
Identify the concepts, classifications, and forms of partnerships
CO 1 (including requirements set by law) and the different rights and I I D D E E
obligations of the partners among themselves.
Explain the obligations of partners (with regards to third persons and for
CO 2 acts of partners), winding up and dissolution (its causes and effects), I I D D E E
limited partnership and partnership by estoppel.
Determine the nature and different classifications of corporation; shares
of stock and its classes; the powers exercised by Board of
CO 3 Directors/Trustees and Corporate officers; and the statutory
I I D D E E
requirements of incorporation.

Legend:
I=Upon attainment of this CO, students will have been introduced to the SO.
E=Upon attainment of this CO, students will have enabled themselves to attain the SO.
D = Upon attainment of this CO, students will have demonstrated partly or fully the SO.

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 Department of Accounting Education
ACC 225 – Course Syllabus
University Vision, Mission, Philosophy, Graduate Attributes, Program Educational Objectives (PEO)
Values, and Competencies

Vision:The University of Mindanao envisions to be a leading 1. Demonstrate technical and professional

globally engaged university creating sustainable impact in
society.
Mission:The University of Mindanao seeks to provide a dynamic
learning environment through the highest standard of instruction,
research, extension, and production in a private non-sectarian
institution committed to democratizing access to education.
Educational Philosophy:Transformative education
polishing diamonds in the rough.
competence in the practice of the
profession: private, government, academe,
and public accounting.
2. Involve in continuing professional
development through participation to
trainings, seminars, conferences, and
further studies.
through

Values:Excellence, Honesty and Integrity, Innovation, and

Teamwork.

Graduate Attributes: Galing, Gawa, Gawi, at Gana

Core Competency: Quality, affordable and open education

Student Outcomes (SO)

SOa.Articulate and discuss the latest developments in the specific field of

practice. (PQF level 6 descriptor)
SOb.Effectively communicate orally and in writing using both English and
Filipino.
SOc.Work effectively and independently in multi-disciplinary and multi- Course Outcome (CO)
cultural teams. (PQF level 6 descriptor)
SOd.Act in recognition of professional, social and ethical responsibility.
SOe.Preserve and promote Filipino historical and cultural heritage.
SOf.Describe the basic functions of management such as planning,
organizing, leading and controlling.
SOg.Identify and describe the basic concepts that underlie each of the
functional areas of business (marketing, finance, human resources 1. Identify the concepts, classifications and
management, production and operations management, information forms of partnerships (including
technology and strategic management) and employ these concepts in
various business situations. requirements set by law) and the different
SOh.Select the proper decision-making tools to critically, analytically and rights and obligations of the partners
creatively solve problems and drive results. among themselves.
SOi.Express clearly and communicate effectively with stakeholders both in
oral and written forms.
2.Explain the obligations of partners (with
SOj.Apply information and communication technology (ICT) skills as
required by the business environment. regards to third persons and for acts of
SOk.Work effectively with other stakeholders and manage conflict in the partners), winding up and dissolution (its
workplace. causes and effects), limited partnership and
SOl.Organize and lead groups to plan and implement business related partnership by estoppel.
activities.
SOm.Demonstrate corporate citizenship and social responsibility; and
SOn.Exercise high personal moral and ethical standards. 3.Determine the nature and different
SOo.Resolve business issues and problems, with a global perspective and classifications of corporation; shares of
particular emphasis on matters confronting financial statement preparers stock and its classes; the powers exercised
and users, using their knowledge and technical proficiency in the areas of by Board of Directors/Trustees and
financial accounting and reporting, cost accounting and management,
management accounting, auditing, taxation and accounting information Corporate officers; and the statutory
systems. requirements of incorporation.
SOp.Conduct accounting research through independent studies of relevant
literature and appropriate use of accounting theory and methodologies.
SOq.Employ technology as a business tool in capturing financial and non-
financial information, generating reports and making decisions.
SOr.Apply knowledge and skills that will enable them to successfully
respond to various types of assessments (including professional licensure
and certifications).
SOs.Maintain a professional commitment to good corporate citizenship,
social responsibility and ethical practice when performing functions as a
professional accountant.
SOt.Participate in various types of employment, development activities,
and public discourses, particularly in response to the needs of the
communities. one serves.

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ACC 225 – Course Syllabus
CO AND ASSESSMENT TASK ALIGNMENT
Assessment Task
CO Assessment
Theory-based Practice-based Coverage
Schedule
1. Identify the concepts,
classifications and forms of Multiple Choice Part I – Partnerships
Short essay First Exam
partnerships (including Questions Chapter 1-2
requirements set by law) and the
different rights and obligations of Part I – Partnerships
the partners among themselves. Chapter 3-4
Multiple Choice Second Exam
2. Determine the nature and Short essay Part II – Private
Questions
different classifications of Corporations Title I –
corporation; shares of stock and its III
classes; the powers exercised by
Board of Directors/Trustees and Part II – Private
Corporate officers; and the statutory Multiple Choice
Short essay Third Exam Corporations Title IV –
requirements of incorporation. Questions
X
3. Determine the nature and
different classifications of
corporation; shares of stock and its Part II – Private
Multiple Choice
classes; the powers exercised by None Final Exam Corporations Title XI –
Questions
Board of Directors/Trustees and XVII
Corporate officers; and the statutory
requirements of incorporation.
*Final assessment will be a comprehensive examination (from first topic to the last) in an MCQ

ASSESSMENT TASK DETAILS (THEORY-BASED)

Assessment Assessment
Coverage Details
Schedule Task
You are expected to identify the general concepts of partnerships and its
classifications, the formation of partnership and the different rights as well as
obligations of each partner.
Part I –
MCQ (80% of
First Exam Partnerships Integration:
the exam)
Chapter 1-2  SDG – Peace and Justice Strong Institutions, Critical Thinking, Self-
awareness
 21st Century Skills (GA) – Critical thinking, Communication

You are expected to identify obligations of partners particularly on third persons, the
Part I –
cause and effect of winding up and partnership dissolution and that of limited
Partnerships
partnership and its nature. Also includes the concepts of a private corporations and
Chapter 3-4
its nature including classifications of its shares of stock and the powers vested on
Second MCQ (80% of Board of Directors/Trustees.
Part II –
Exam the exam)
Private
Integration:
Corporations
 SDG – Peace and Justice Strong Institutions, Critical Thinking, Self-
Title I – III
awareness
 21st Century Skills (GA) – Critical thinking, Communication
You are expected to identify the common issues in the formation of a corporation,
the requisites for incorporation and the components of a corporation.
Part II –
Private MCQ (80% of
Third Exam Integration:
Corporations the exam)
 SDG – Peace and Justice Strong Institutions, Critical Thinking, Self-
Title IV – X
awareness
 21st Century Skills (GA) – Critical thinking, Communication
This assessment task is designed for you to demonstrate a comprehensive
understanding of the principles, theories and key concepts of law on business
organizations.
MCQ (100% of
Final Exam All Topics
the exam) Integration:
 SDG – Peace and Justice Strong Institutions, Critical Thinking, Self-
awareness
 21st Century Skills (GA) – Critical thinking, Communication

ASSESSMENT TASK DETAILS (PRACTICE/PERFORMANCE-BASED)

Assessment
Coverage Assessment Task Details
Schedule
Part I – Short essay  In this task, you are required todigest a given case extracting the concepts on
First Exam Partnerships (20% of the classifications and forms of partnerships and partners, including the applicable
Chapter 1-2 exam) rights and obligations of the partners.

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ACC 225 – Course Syllabus
 You are expected to integrate arguments in the required reading research
articles in your essay.
 The short essay will be on-the-spot and should only be written in the front page
of the examination booklet.
 You will be graded according to the following criteria (see rubric attached).

Integration:
 SDG – Peace and Justice Strong Institutions, Critical Thinking, Self-
awareness
 21st Century Skills (GA) – Critical thinking, Communication
 In this task, you are expected to digest a given case involving a partnership
winding up its partnership affairs and extract the concepts applicable to
dissolution and winding up of partnership affairs. You are also expected to
Part I –
digest an additional case involving the formation of a corporation, evaluating
Partnerships
the qualification of incorporators as board of directors and officers.
Chapter 3-4
Short essay  The short essay will be on-the-spot and should only be written in the front page
Second
(20% of the of the examination booklet.
Exam Part II – Private
Corporations
exam)  You will be graded according to the following criteria (see rubric attached).
Title I – III
Integration:
 SDG – Peace and Justice Strong Institutions, Critical Thinking, Self-
awareness
 21st Century Skills (GA) – Critical thinking, Communication
 In this task, you are required to digest a given case involving a corporation
undergoing a corporate issue or suspected violation of the corporation code
and extract the concepts or provision being violated or not complied.
 The short essay will be on-the-spot and should only be written in the front page
Part II – Private Short essay of the examination booklet.
Third Exam Corporations (20% of the  You will be graded according to the following criteria (see rubric attached).
Title IV – X exam)
Integration:
 SDG – Peace and Justice Strong Institutions, Critical Thinking, Self-
awareness
 21st Century Skills (GA) – Critical thinking, Communication

COURSE OUTLINE AND TIME FRAME

TIME
TOPICS FOR FIRST EXAMINATION Teaching Learning Activities RESOURCES
FRAME
 Orientation on Classroom and University  Orientation
Policies as well as Grading System  Lecture/Discussion
 Discussion of VMV, PEO, SO and CO  Assignment
Week 1
 Part 1 - Partnerships  Short Quizzers
to Week
 Chapter 1 - General Provisions  Oral Recitations
3
 Chapter 2 - Obligation of the Partners  Quipper Tools

(Articles 1767 to 1827 of the Civil Code)

TOPICS FOR SECOND EXAMINATION
 Chapter 3 - Dissolution and Winding  Lecture/Discussion Aniceto G. Saludo v. Philippine
Up  Assignment National Bank, G. R. 193138,
 Chapter 4 - Limited Partnership  Comprehensive Quizzers promulgated August 20, 2018
 Oral Recitations
(Articles 1828 to 1867 of the Civil Code)  Quipper Tools
⮚ Part 2 – Private Corporations
Week 4  Title I General Provisions
to Week  Title II Incorporation and
5 Organization of Private
Corporation
 Title III Board of Directors/Trustees
and Officers

(Sections 1-34 of the Revised Corporation Code of

the Philippines, RA 11232)
TOPICS FOR THIRD EXAMINATION

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ACC 225 – Course Syllabus

 Title IV Powers of a Corporation  Lecture/Discussion Ago Realty & Development

 Title V Bylaws  Assignment Corporation et. al. v. Angelita F.
 Title VI Meetings  Short Quizzers Ago et. al., G. R. 210906, G. R.
 Title VIIStock & Stockholders  Oral Recitations 211203, promulgated October
Week 6  Title VIII Corporate Books & 16, 2019
to Week Records
7  Title IX Merger and Consolidation
 Title X Appraisal Right

(Sections 35 to 85 of the Revised Corporation

Code of the Philippines, RA 11232)
 Title XI Non-stock Corporation  Lecture/Discussion
 Title XII Close Corporation  Assignment
 Title XIII Special  Comprehensive Quizzers
Corporations  Oral Recitation
 Title XIV Dissolution
Week 8  Title XVForeign Corporations
to Week  Title XVI Investigations,
9 Offenses, & Penalties
 Title XVII Miscellaneous
Provisions

(Sections 86 to 188 of the Revised Corporation

Code of the Philippines, RA 11232)

TEXTBOOK

1. Soriano, F. R. (2021). Partnerships and corporations (revised corporation code of the Philippines): law and
application for business and law students. Manila, Philippines: GIC Enterprises & Co., Inc.

REFERENCES

1. A. Soriano, F.R. Domingo, A. D. (2021). Partnership, revised corporation, cooperative law: business laws
and regulations. Benguet, [Philippines]: Coaching for Results Publishing
2. Suarez, C.B. & Suarez, A.Q. (2019). Pointers in business law: for CPA reviewees. Manila: GIC Enterprises
& Co., Inc.
3. Bell, G. F. (2019). The Civil Law, the Common Law, and the English Language – Challenges and
Opportunities in Asia. Asian Journal of Comparative Law, 14(1), 29-49. DOI:10.1017/asjcl.2019.22.
Retrieved from
https://www.proquest.com/docview/2607243441/7020AACC3F644AE9PQ/8?accountid=31259.
4. Yusuke, T. (2021). Policy Making after Revolution: The Faces of Local Transformation of the Philippines.
Southeast Asian Studies, 10(2), 199-221. DOI:10.20495/seas.10.2_199. Retrieved from
https://www.proquest.com/docview/2569703628/7020AACC3F644AE9PQ/18?accountid=31259.
5. Domingo, A. D. (2021). Partnership, revised corporation, cooperative law: business law and regulations.
Benguet, [Philippines]: Coaching for Results Publishing
6. Reyes, V.D. (2017). A study on accounting for partnerships and corporations (2017 edition). Manila,
Philippines: GIC Enterprises and Co., Inc.

ASSESSMENT AND FEEDBACK PLAN

Course Outcomes/Weight Feedback

Assessment Task
1 2 3 Method

Quiz ✓ ✓ ✓ LMS
True or False ✓ ✓ ✓ LMS
Oral Recitation ✓ ✓ ✓ In-person
MCQ and Short Essay 10% (Exam 1) 10% (Exam 2) 10% (Exam 3) In-person/Rubrics
Seat work ✓ ✓ ✓ In-person/Rubrics
LMS Activity ✓ ✓ ✓ LMS
Comprehensive Exam 40% (Exam 4) In-person

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ACC 225 – Course Syllabus

Research 20% Rubrics

Summative Tests 10% LMS
*Base-15 grading system

POLICIES AND GUIDELINES

1. Attendance is counted from the first regular class meeting.

2. A validated student identification card must always by worn be all students while attending classes.
3. Cheating, plagiarism, and all forms of academic dishonesty are expressly forbidden in this course, and by the
university’s Policy on Academic Integrity. Examples of such violations include but not limited to:
a. collusion, purchasing, or commissioning assessment task/research paper.
b. copying verbatim from a research article/book/journal/etc.
c. copying verbatim from generative AI, such as ChatGPT.
d. falsifying or inventing any information, data or citation; and
e. false representation.
4. Valid examination permits are necessary in taking the examinations as scheduled.
5. Base-15 grading policy should be observed. Students who obtained failing scores in major examinations are
recommended to attend tutorial classes or any intervention program; and
6. For other policies and guidelines, refer to Student Handbook.

Prepared by: Reviewed by:

LEENUEL M. BERNARTE, CPA JOE MARI N. FLORES, MSA, CPA

Faculty Member BSA, Program Head

References Reviewed by: Recommending Approval:

CLARISSA R. DONAYRE, MSLS GINA FE G. ISRAEL, EdD

Chief, Learning and Information Center Dean of College

Approved by:

PEDRITO M. CASTILLO II, EdD

VP, Institute of Pedagogical Advancement and Competitiveness

ACC 225 – Business Laws

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