PAMANTASAN NG LUNGSOD NG MAYNILA

(University of the City of Manila)

PLM BUSINESS SCHOOL
Accountancy Department

DEGREE PROGRAM BACHELOR OF SCIENCE IN ACCOUNTANCY

PRE-REQUISITE/ CO-
COURSE CODE COURSE TITLE UNITS COURSE TYPE PRE-REQUISITE TO
REQUISITE

ACN 1203 Intermediate Accounting 1 3 Lecture --

This course covers the detailed discussion, appreciation, and application of the Philippine Financial Reporting Standards (PFRS) on the
COURSE DESCRIPTION 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.

UNIVERSITY VISION

The Pamantasan ng Lungsod ng Maynila shall be the premier people’s university pursuing public interest an national development.

UNIVERSITY MISSION

The Pamantasan ng Lungsod ng Maynila shall form critical-minded and service-oriented leaders and innovators in various disciplines through accessible and relevant quality
education, transformative institutional research and extension services, and key linkages.

CORE VALUES

The Pamantasan ng Lungsod ng Maynila shall be guided by the values of academic excellence, integrity and social responsibility, and by the principles of Karunungan, Kaunalaran and Kadakilaan.

GOALS AND KEY RESULT AREAS

 “RAISE PLM”
Provide Relevant Quality Tertiary Education
Generate Augmented Resources
Sustain Institutionalized Research and Extension
Deliver Service to the Public
Advance Employee, Faculty and Student Welfare
Promote Public Interest
Establish Linkages and Partnerships
Optimize Management of Resources

PROGRAM EDUCATIONAL OBJECTIVES

Graduates of BS Accountancy Program are expected to:

1. Be highly competent in financial accounting, cost accounting, management accounting, government and non-profit accounting, auditing theories and applications,
management advisory services, tax accounting and forensic accounting as manifested in their involvement in their professional knowledge, skills, values, ethics and
attitudes that enable them to continue to learn and adapt to change throughout their professional lives.
2. Demonstrate analytical thinking and problem solving skills
3. Be successful in pursuing employment in commerce and industry; pubic practice; government and education sectors.

PROGRAM OUTCOMES

A graduate of the Bachelor of Science in Accountancy (BSA) program must attain:

a. Demonstrate working knowledge in the areas of financial accounting and reporting, cost accounting and management, management accounting, auditing, accounting
information systems and accounting research.
b. Demonstrate self-confidence in performing functions as a professional accountant.
c. Employ technology as a business tool in capturing financial and non-financial information, preparing reports and making decisions.
d. Apply acquired knowledge and skills to pass professional licensure/certification examinations.
e. Appraise ethical problems/issues in practical business and accounting situations and recommend appropriate course of action that adheres to the professional code of ethics.
f. Competent to support national, regional and local development plans.

2 | PLM BS / Accountancy/ FAR

 Learning Objectives
No. Of Assessment/ Supplementary
TOPICS Topics for Discussion Methodology
Hours Evaluation Resources
The learners shall be able to:
Week 1 a. Express ones thought Course Orientation
about the course
1. Syllabus
3 hours b. Know the structure and
Assignment: Microsoft Teams
requirement of the 2. LMS ( Microsoft teams Interactive
course. and Zoom) Fill up MS Forms
Orientation Discussion Zoom
c. Be familiar on the Upload SER
roundabout of the MS Forms
learning management
systems (LMS) of PLM.

Enabling Activities:
REVIEW: Mind Mapping Poll
1. Objective of Financial
Reporting Power point You tube:
Week
a. Recall the accounting 2. Qualitative Characteristics presentation
2 Main Task:
Conceptual principles supporting the 3. Elements of Financial
Framework structure of financial Statements Interactive Power Point
3 hours Quiz
reporting standards. 4. Underlying Assumptions Discussion Presentation
5. Recognition and
Measurement Group Work
Reinforcement
Task:

Exercises
CASH a. Know the accounting for 1. Petty Cash Fund
Week petty cash fund 2. Bank Reconciliation Mind Mapping Enabling Activities: You tube:
3 b. Be able to prepare bank 3. Proof of Cash
Poll
3 hours reconciliation Power point
c. Be able to prepare the presentation
necessary adjusting Main Task: Power Point
entries to reconcile the Interactive Presentation:
cash in bank account per Discussion Quiz
ledger with that of bank

3 | PLM BS / Accountancy/ FAR

 Learning Objectives
No. Of Assessment/ Supplementary
TOPICS Topics for Discussion Methodology
Hours Evaluation Resources
The learners shall be able to:
statement.
d. Be able to prepare a Group Work
reconciliation showing Reinforcement
proof of cash. Task:

Exercises
a. Know the accounting for
Weeks doubtful accounts,
4-5 worthless accounts written
6 hours off and recoveries of
accounts written off.
b. Determine the doubtful
accounts expense and the Enabling Activities:
allowance for doubtful You tube:
accounts under aging, Poll
1. Estimation of Doubtful Mind Mapping
percentage of accounts
accounts
receivable and percentage
2. Notes Receivable Power point Main Task:
of sales method. Power Point
3. Loans receivable presentation
RECEIVABLES c. Know the accounting for Quiz Presentation:
4. Receivable Financing
interest-bearing and
5. Discounting of note Interactive
noninterest-bearing note Module 2: PPT
receivable Discussion
receivable.
d. Recognized the Reinforcement Workbook
Group Work Task:
impairment of loan
receivable Module 2: Workbook
e. Know the accounting for Exercises
pledging, assignment and
factoring of accounts
receivable.
f. Understand discounting of
notes receivable.
INVENTORIES a. Account for inventory
transactions using 1. Inventory Cost Flow Enabling Activities:
Weeks periodic and perpetual 2. Lower of cost and net
inventory system. Poll
6-7 realizable value Mind Mapping

4 | PLM BS / Accountancy/ FAR

 Learning Objectives
No. Of Assessment/ Supplementary
TOPICS Topics for Discussion Methodology
Hours Evaluation Resources
The learners shall be able to:
b. Know the gross method
and net method of
recording purchases.
c. Apply the cost formulas
required by IFRS. You tube:
d. Account for inventory Main Task:
Power point
writedown. 3. Gross profit method
e. Know the treatment of presentation Quiz
4. Retail Inventory Method
6 hours purchase commitments
Interactive Power Point
in relation to lower of
cost and net realizable Discussion Presentation:
measurement.
Reinforcement
f. Apply the gross profit Group Work Task: Workbook
method and retail
inventory of estimating Exercises
inventory value.

Enabling Activities:
Poll
Mind Mapping You tube:
1. Investment in equity
securities Power point Main Task:
FINANCIAL Week 2. Investment in Bonds presentation
8 a. 3. Effective interest Quiz Power Point
ASSETS
method Interactive Presentation:
3 hours Discussion
Workbook
Reinforcement
Group Work
Task:

Exercises

MIDTERM WEEK

5 | PLM BS / Accountancy/ FAR

 Learning Objectives
No. Of Assessment/ Supplementary
TOPICS Topics for Discussion Methodology
Hours Evaluation Resources
The learners shall be able to:
a. Understand the
measurement and
recognition of PPE
b. Understand the proper
accounting treatment
for borrowing cost.
c. Know the proper
accounting treatment of
government grants.
d. Understand the
methods of depreciating Enabling Activities:
PPE Kahoot/ Poll You tube:
e. Understand acquisition
cost, exploration cost, a. Acquisition/Borrowing Cost Mind Mapping
development cost and b. Land And Building
Week c. Machinery Power point Main Task:
PROPERTY PLANT restoration cost in
10-13 relation to wasting d. Depreciation/ Depletion presentation Power Point
AND EQUIPMENT Quiz Presentation
asset. e. Revaluation/ Impairment
(PPE) f. Understand the concept f. Government Grant Interactive
12 hours of depletion. Discussion
g. Understand the Reinforcement
proportional and Task: Workbook
Group Work
elimination approach of
recording revaluation. Exercises
h. Know the treatment of
revaluation surplus
arising from the
revaluation.
i. Know the proper
accounting for an
impairment loss.
j. Measure the
impairment of a cash
generating unit.
a. Know the initial and c. Goodwill
INTANGIBLE subsequent d. Identifiable Intangible Mind Mapping Enabling Activities: You tube:
ASSETs measurement of an
Weeks Assets
intangible assets. Kahoot/ Poll
14-15 e. Research and Power point
b. Understand the

6 | PLM BS / Accountancy/ FAR

 Learning Objectives
No. Of Assessment/ Supplementary
TOPICS Topics for Discussion Methodology
Hours Evaluation Resources
The learners shall be able to:
presentation
Power Point
Interactive Main Task: Presentation:
Discussion
Quiz
Group Work
amortization and Development
impairment of
f. Government Grant Reinforcement
6 hours intangible assets.
Task: Workbook

Exercises

Accounting in
Action – Practice
set

Mind Mapping Enabling Activities: You tube:

Poll
Power point
a. Know the recognition
presentation
Weeks and measurement of
biological asset and Main Task: Power Point
16-17 a. Biological Assets Interactive Presentation:
AGRICULTURE agricultural produce.
b. Account for government Discussion Quiz
grants that are within
6 hours the scope of PAS 41. Group Work Reinforcement
Task: Workbook
Exercises

FINAL EXAMINATION WEEK

7 | PLM BS / Accountancy/ FAR

 COURSE ASSESSMENT Quizzes 30%
Rec/ Polling 15
Assignment 10
Attendance/Behavior 5
Midterm Examination 20
Final Examination 20
100%

Transmutation:
98 - 100 1.00 83 – 85 2.25
95 – 97 1.25 80 – 82 2.50
92 – 94 1.50 77 – 79 2.75
89 – 91 1.75 75 – 76 3.00
86 – 88 2.00 Below 75 5.00
TEXTBOOK/ REFERENCES
i. Intermediate Accounting Vol 1 by Valix 2021 ed
ii. Intermediate Accounting Vol 1A&B by Milan 2022 ed
iii. Intermediate Accounting by Kieso, 2018 ed
iv. https://www.iasplus.com/en/standards

Attested by: _______________________________

Librarian

CLASS POLICY 1. Don't share your password with anyone. Change your password if you think someone else might know it.
2. Always log out when you are finished using the system.
3. Students must contribute to the online discussions. ALL students should be logged in.
4. ALL assignments should be submitted by a specific due date. Late submission will not be accepted regardless of the
reason.
5. Derogatory and sarcastic comments and jokes that marginalize anyone are fundamentally unacceptable.
6. Criticism must be constructive, well-meaning, and well-articulated.
7. All content and materials are copyrighted. Unauthorized use and sharing are strictly prohibited.
8. Always give proper credit when referencing or quoting another source. Avoid plagiarism.
9. Do not send confidential information via e-mail.
10. Sign your message with your name and return e-mail address
11. Make posts that are on topic and within the scope of the course material.

8 | PLM BS / Accountancy/ FAR

 12. Avoid using the caps lock feature AS IT CAN BE INTERPRETTED AS YELLING.

COURSE CODE/ TITLE EFFECTIVITY DATE REVISION DATE PREPARED BY REVIEWED BY APPROVED BY NUMBER OF PAGES
(Faculty) (Dept Chair) (Acting Dean)
1st Semester Prof Jenely S. Almirol
CAN 1203 August 12, 2022 Prof. Cherry Ann C. Mandaquit Dean Bernard R. Letrero
2022 – 2023 Prof Ferdinand C. Importado

9 | PLM BS / Accountancy/ FAR