De La Salle University

COLLEGE: RVRCOB DEPARTMENT: ACCOUNTANCY

COURSE CODE: ACCCOB2 COURSE TYPE: HYBRID

CLASS DAYS AND CLASS TIME: May 2, 2024 – August 6, 2024; MH & TF
0730-0900; 915-1045
INSTRUCTORS NAME: Mr. Henry Concepcion
CONTACT INFORMATION: Dlsu email
CONSULTATION SCHEDULE: to be announced in AnimoSpace

COURSE DESCRIPTION:
This course ACCCOB2, FINANCIAL ACCOUNTING, deals with the study of fundamental assumptions, theoretical concepts
and generally accepted accounting principles as discussed in the Philippine Accounting Standards (PAS) and the Philippine
Financial Reporting Standards (PFRS); the conditions under which they may be appropriately applied and their impact or effect
on the financial statements. The course covers detailed discussion, appreciation and application of accounting principles covering
financial and non-financial assets; financial and non-financial liabilities; and equity.

LEARNING OUTCOMES (LO):

On completion of the course, the student is expected to be able to do the following:

UNIVERSITY EXPECTED LASALLIAN LEARNING OUTCOME

G RADUATE ATT RIB UTE (ELG A)
Critical and creative thinker
Effective communicator
LO1: Interpret the basic financial statements in order to make sound business
and management decisions
LO2: Diagnose what is happening in the business using actual financial
statements
LO3: Use financial statements or excerpts of FS as support for an argument or a
course of action.
LO4: Prepare individual and/or group case analyses which applies theories
learned in this course

COURSE OUTCOMES ASSESSMENT MATRIX:

Course Learning Program Outcomes
Outcome GO1 GO2 GO3 GO4 GO5 GO6 GO7 GO8 GO9 GO10 GO11 GO12 GO13
LO1 L L O P O O O P P O O L O
LO2 L L O P O O O P P O O L O
LO3 L L O P L L O L P L O O O
LO4 L P O L P O O L P L O O O
O: Not learned in course but opportunity to be learned in the future
L: Learned in the course
P: Practiced in course

To know more about the GOs, please refer on the link below:
https://drive.google.com/file/d/1tgG89zx0wRVsQMEs0YPLhD1xT2wJYCWM/view?usp=sharing

FINAL COURSE OUTPUT:

As evidence of attaining the above learning outcomes, the student is required to do and submit the following during the
indicated dates of the term.

LEARNING OUTCOME REQUIRED OUTPUT/S DUE DATE

LO1: Interpret the basic financial statements in order to
make sound business and management decisions
LO2: Diagnose what is happening in the business using
actual financial statements
LO3: Use financial statements or excerpts of FS as
support for an argument or a course of action.
LO4: Prepare individual and/or group case analyses
which applies theories learned in this course
Content analysis and evaluation of the financial Week 1 - 13
statements of listed and non-listed firms
At least eight solved exercises/problems per unit with at Week 1 - 13
least four solved exercises/problems per major topic in
the unit
Written critique paper/ reflection portfolio Week 1 - 13
One written reflection paper on ethics in financial Week 14
reporting or on the preparation and presentation of
financial statements.
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ANIMOSPACE (Canvas):
It is the learning management system (LMS) to be used in the conduct of the in-person and online classes. To Learn more about
it, please click the following links:
• Passport to Canvas (public Canvas course) https://www.canvas.net/browse/cn-pd/courses/passport-to-canvas (Links to an
external site.)
• Animo Space 101: https://dlsu.instructure.com/courses/13772

RUBRICS FOR ASSESSMENT:

The rubrics that follow are intended for students to self-check their required output prior to submission. The same rubrics will
be used to grade the student’s work.

Written Critique/Reflection Paper on Financial Statements

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGI NNI NG RATI NG
(4) (3) (2) (1)
Content and The student evaluates The student evaluates The student evaluates The student fails to
Application correctly all the correctly majority of correctly some of the evaluate correctly all the
[80%] contents of the the contents of the contents of the financial contents of the financial
financial statements financial statements statements and applies statements and fails to
and applies all relevant and applies some few ACCCOB2 topics apply ACCCOB2
ACCCOB2 topics ACCCOB2 topics appropriately to the topics appropriately to
appropriately to the appropriately to the reflection paper the reflection paper
reflection paper reflection paper
Format and The student follows The student follows The student follows the The student does not
Use of the format and has not the format and uses format but uses a mixture follow format and uses a
English one spelling/ only the English of Filipino and English mixture of Filipino and
Language grammatical error in language in the paper language in the paper English language
[20%] the paper which is at an and/or uses the English in the paper and/or
acceptable level language somewhat uses the English
inappropriately language inappropriately
TOTAL:

Accounting Exercises
CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGI NNI NG RATI NG
(4) (3) (2) (1)
Completeness The student answers The student answers The student answers The student fails to
(100%) all exercises most of the exercises some of the exercises answer all assigned
completely completely completely exercises
TOTAL:

Reflection Paper on Ethics in Financial Reporting

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGI NNI NG RATI NG
(4) (3) (2) (1)
Fully explains what the Contains an Contains a partial Does not contain a
Explanation of issue is about using fact explanation of the issue explanation of the clear explanation.
Issue (25%) support claims. or event, but not issue/event, is unclear
always clear or contain at points, lacking
full factual support. factual support.
Fully analyzes and Analyzes and Describes, but does not Does not present
makes conclusions about concludes on general analyze ethical ethical concerns.
Ethical concerns
general ethical concerns- ethical concerns, but concerns.
(35%)
-who is impacted, what may be lacking some
is the right and wrong of points.
the issue.
Student interprets the Student interpretation Interpretation is more Analysis not present.
connections between the present, but not as in descriptive than
Analysis (30%)
issue, examples, and depth. analytical.
multiple ethical concerns
skillfully.
The grammar is The grammar in this The paper has several The paper lacks editing
excellent. There are little essay/paper is good. errors. Needs editing. and review. It has
Grammar (10%) to no mistakes. Few errors. (Less than 3 (Less than 5 per page) distracting fragments
per page) /run-ons, usage errors,
spelling. (More than 5
per page)
TOTAL:

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OTHER REQUIREMENTS AND ASSESSMENTS:
Aside from the required outputs, the student will be assessed at other times during the term by the following:
• Proficiency tests/quizzes
• Departmental final examination
• Participation in the in-person and online synchronous discussion
• Promptness in submitting required works
• Netiquettes (good manners and right conduct)
• Fourth-hour activities (total of at least 13 hours) related to the course include:
o Video viewing
o Research/Group reflection paper preparation
o Independent online learning/self-study sessions
o Problem solving and accounting exercises sessions
o Student-organized co-curricular activities

GRADING SYSTEM:

GRADE POINT DESCRIPTION PERCENTAGE

4.0 Excellent 97 – 100
3.5 Superior 93 – 96
3.0 Very Good 89 – 92
2.5 Good 85 – 88
2.0 Satisfactory 80 – 84
1.5 Fair 75 – 79
1.0 Passed 70 – 74
0.0 Failed Below 70

The student will be graded according to the following:

BASIS
Quizzes * 30%
Departmental Final Examination 20%
Critique/Reflection Paper ** 20%
In-person / Online synchronous class session activities:
Assignment portfolio / accounting exercises - 5%
Recitation during class meetings, group chat and threaded
discussions - 10% 15%
Class Standing:
Attendance: Synchronous 4%
Timely submission of course requirement – 2%
Netiquette (good manners and right conduct) – 4% 10%
Reflection paper on ethics in financial reporting*** 5%
TOTAL 100%

* Four (4) In-person quizzes

** Four (4) written critique/reflection paper on the evaluation of financial statements. To be submitted in Canvas.
*** One (1) written business case on ethics about the impact of financial reporting decisions by companies

LEARNING PLAN: DATE (year 2024 refer to calendar)

LEARNING LEARNING
TOPICS
OUTCOME IN PERSON ONLINE ACTIVITIES
ORIENTATION • Prepare groupings
LO1
• Introduction • Give company assignment
LO2
• Discuss syllabus, class policies, netiquette
LO3
I. INTRODUCTION TO FINANCIAL Discover (Asynchronous)
ACCOUNTING • Read Chapter 1 of textbook
1. What is financial accounting • Download actual financial statements
2. Importance of financial accounting of assigned listed corporation
3. Review of GAAP Discuss (Synchronous)
LO1 4. Conceptual framework in accounting • Lecture
LO2 5. Overview of complete financial • Q&A
LO3 statements Demonstrate (Synchronous)
• Answer book exercises
Deepen (Asynchronous)
• Analyze financial statements on the
characteristics of conceptual
framework and its elements

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 II. CASH AND CASH CONTROLS Discover (Asynchronous)
1. Nature of the account • Read Chapter 2 of textbook
2. Recognizing cash and cash equivalents Discuss (In person)
3. Cash controls • Lecture
LO1 a. Cash receipts controls • Q&A
LO2 b. Cash disbursements controls Demonstrate (Synchronous)
LO3 − Voucher system • Answer book exercises
− Petty cash fund Deepen (Asynchronous)
4. Bank reconciliation • Analyze financial statements on cash
5. Reporting cash components

III. RECEIVABLES Discover (Asynchronous)

1. Nature of the account • Read Chapter 3 of textbook
2. Types of receivables • Watch video lecture
3. Accounts receivable Discuss (In person)
a. Recognizing accounts receivable • Lecture
b. Valuing accounts receivable • Q&A
LO1 c. Derecognition of accounts receivable Demonstrate (Synchronous)
LO2 d. Recognizing bad debts • Answer book exercises
LO3 4. Notes receivable Deepen (Asynchronous)
a. Recognizing notes receivable • Analyze financial statements on
b. Valuing notes receivable receivable accounts
c. Derecognition of notes receivable • Calculate receivable ratios
5. Statement presentation and analysis
a. Presentation
b. Analysis
• Submit in Canvas the reflection /
Quiz 1 (Units I – III) evaluation on elements of financial
statements, cash, and receivables
IV. INVESTMENTS IN EQUITY AND Discover (Asynchronous)
DEBT INSTRUMENTS • Read Chapter 4 of textbook
1. Nature of the account Discuss (In person)
2. Introduction to financial instruments • Lecture
a. Definition of financial instruments – • Q&A
nature and examples of financial Demonstrate (Synchronous)
assets and liabilities • Answer book exercises
LO1 b. Categories of financial assets and Deepen (Asynchronous)
LO2 liabilities • Analyze financial statements on
LO3 3. Investment in equity instruments investment accounts
LO4 a. At fair value through profit or loss
b. Other comprehensive income
c. Investment in Associates
4. Investment in debt instruments
a. At fair value through profit or loss
b. Other comprehensive income
c. At amortized cost
5. Statement presentation and analysis
V. INVENTORIES Discover (Asynchronous)
1. Nature of the account • Read Chapter 5 of textbook
2. Classifying and recognizing inventory Discuss (In person)
3. Inventory records system • Lecture
LO1 4. Inventory valuation • Q&A
LO2 a. Cost flow assumptions Demonstrate (Synchronous)
LO3 5. Lower of cost and net realizable value • Answer book exercises
6. Statement presentation and analysis Deepen (Asynchronous)
a. Presentation • Analyze financial statements on
b. Analysis inventory accounts
• Calculate inventory ratios
• Submit in Canvas the reflection /
Quiz 2 (Units IV & V) evaluation on investments and
inventories
VI. PLANT ASSETS AND NATURAL Discover (Asynchronous)
RESOURCES • Read Chapter 6 of textbook
1. Plant assets Discuss (In person)
LO1 a. Nature of the account • Lecture
LO2 b. Recognizing and measuring plant • Q&A
LO3 assets Demonstrate (Synchronous)
c. Determining the cost of plant assets • Answer book exercises
d. Depreciation Deepen (Asynchronous)
e. Plant asset retirement and disposals

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 2. Natural resources • Analyze financial statements on PPE
a. Nature of the account accounts
b. Recognizing and measuring natural
resources
c. Determining the cost of natural
resources
d. Depletion
3. Statement presentation and analysis
a. Presentation
b. Analysis
VII. INTANGIBLE ASSETS Discover (Asynchronous)
1. Nature of the account • Read Chapter 7 of textbook
2. Recognizing and measuring intangible Discuss (In person)
assets • Lecture
LO1 3. Types of intangible assets • Q&A
LO2 4. Amortization Demonstrate (Synchronous)
LO3 5. Statement presentation • Answer book exercises
Deepen (Asynchronous)
• Analyze financial statements on
intangible asset accounts
• Submit in Canvas reflection /
Quiz 3 (Units VI & VII) evaluation on PPE, and intangible
asset accounts
VIII. LIABILITIES Discover (Asynchronous)
1. Current liabilities • Read Chapter 8 of textbook
a. Trade and other payables Discuss (In person)
b. Provisions • Lecture
LO1
c. Contingencies • Q&A
2. Non-current liabilities Demonstrate (Synchronous)
LO2
LO3
a. Bonds payable • Answer book exercises
b. Notes payable Deepen (Asynchronous)
c. Mortgage payable • Analyze financial statements on
3. Statement presentation and analysis liability accounts
a. Presentation • Calculate financial ratios
b. Analysis
IX. CORPORATIONS: ORGANIZATION Discover (Asynchronous)
AND SHARE CAPITAL • Read Chapter 9 of textbook
TRANSACTIONS Discuss (In person)
1. The corporate form of organization • Lecture
a. Characteristics of a corporation • Q&A
b. Forming a corporation Demonstrate (Synchronous)
− Classes of corporation • Answer book exercises
− Components of a corporation Deepen (Asynchronous)
− Articles of incorporation • Analyze financial statements on share
− By-laws capital accounts
− Shareholders rights
c. Corporate capital
LO1 − Classes of share capital
LO2 − Authorized share capital
LO3 − Subscribed share capital
2. Issuance of share capital
a. Preference share capital
− Classes of preference share
b. Ordinary shares
− Par value shares
− No-par value shares, with stated
value
− No-par value shares, without
stated value
c. Subscription defaults
3. Treasury shares
4. Statement presentation and analysis
• Submit in Canvas reflection /
Quiz 4 (Units VIII & IX) evaluation on liabilities and share
capital composition of the corporation
X. CORPORATIONS: RETAINED Discover (Asynchronous)
LO1 EARNINGS • Read Chapter 10 of textbook
LO2 1. Dividends Discuss (In person)
LO3 a. Types of dividends • Lecture
• Q&A
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 b. Requirement for dividends and Demonstrate (Synchronous)
important dates • Answer book exercises
c. Allocation of dividends between Deepen (Asynchronous)
preference and ordinary shares • Analyze financial statements on
5. Retained earnings retained earnings account
a. Nature of the account
b. Restrictions
6. Statement presentation and analysis
a. Presentation
b. Analysis
− Book value per share
− Basic earnings per share

XI. FINANCIAL STATEMENTS Discover (Asynchronous)

1. Statement of Comprehensive • Read Chapter 11 of textbook
Income/Income Statement Discuss (In person)
LO1 a. Basic discussion of Other • Lecture
LO2 Comprehensive Income • Q&A
LO3 2 Statement of Financial Position Demonstrate (Synchronous)
LO4 3. Statement of Cash Flows • Answer book exercises
4. Statement of Changes in Equity Deepen (Asynchronous)
5. Notes to the financial statements • Analyze financial statements
FINAL EXAMINATION – All topics
• Submit in Canvas analysis of the case
Ethics Case on Financial Reporting
in ethics

REFERENCES:

Required Textbook:
Salendrez, Herminigilda; Tubay, Jerwin; Paril, Alloysius Joshua; & Menaje, Placido Jr. (2021). Basic Approach to Financial
Accounting: User’s Perspective (Revised Edition). C&E Publishing.

Other Reference Textbook:

Aduana, Nick (2018), Financial Accounting and Reporting, C & E Publishing, Inc.
Conceptual Framework (The Framework) for Financial Reporting – 2018
Kieso, Donald; Weygandt, Jerry; Warfield, Terry. (2023). Intermediate Accounting (IFRS 4th Edition). John Wiley and Sons,
Inc.
International Financial Reporting Interpretations Committee 19 – Extinguishing Financial Liabilities with Equity Instruments
Philippine Accounting Standard 1 – Preparation and Presentation of Financial Statements
Philippine Accounting Standard 2 – Inventories
Philippine Accounting Standard 7 – Statement of Cash Flows
Philippine Accounting Standard 16 – Property, Plant, and Equipment
Philippine Accounting Standard 21 – The Effects of Changes in Foreign Exchange Rates
Philippine Accounting Standard 28 – Investments in Associates and Joint Ventures, As Amended
Philippine Accounting Standards 32 – Financial Instruments: Presentation
Philippine Accounting Standards 33 – Earnings per share
Philippine Accounting Standard 34 – Interim Financial Reporting
Philippine Accounting Standards 37 — Provisions, Contingent Liabilities and Contingent Assets
Philippine Accounting Standards 38 – Intangible Assets
Philippine Financial Reporting Standards 2 – Share Based Payment
Philippine Financial Reporting Standards 3 – Business Combination
Philippine Financial Reporting Standards 9 – Financial Instruments
Revised Corporation Code of the Philippines (Republic Act No. 11232)
Weygandt, Mitrione, Rankin, Chalmers, Kieso & Kimmel (2019), Principles of Financial Accounting 3rd edition, John Wiley &
Sons Singapore Pte. Ltd

CLASS POLICIES:

Course-Specific Policies:
• This course is a prerequisite to ACCCOB3 and is taken up only by non-BSA students.
• A total of 105 hours for a 3-unit course is the recommended work load of students.
• A week of every 3-unit course will have 7.5 hours of both in person and online learning activity for the students.
• A minimum of four (4) quizzes is required in this course.
• The final examination is departmental. This is held for three (3) hours during the Final Examinations Week (Week 14).
• It is the responsibility of the student to be mindful of his/her absences/tardiness and performance in class.
• Specific class policies on attendance, make-up quizzes, academic honesty, grading system, dress code, classroom
management, and others not mentioned above, are to be discussed by the faculty member on the first day of classes.
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Department Policies:
• Please observe consultation hours/schedule of the faculty member.
• For student concerns regarding the course, please email the Department of Accountancy Vice Chair at joy.rabo@dlsu.edu.ph
or the ACCCOB2 Coordinator at herminigilda.salendrez@dlsu.edu.ph

NETIQUETTE
When posting on the discussion boards and chat rooms, it is important to understand how to interact with one another online t hrough
netiquette. Properly observe the online learning decorum from the AnimoSpace Manual which can be found in your AnimoSpace
account, including the netiquettes reiterated below:
• Treating other users with respect. Remember that you are talking with human beings behind the screen
• Always using your professors’ proper title. Unless specifically invited, do not refer to them by first name
• Reading all messages in a discussion thread before replying so as not to repeat someone else’s post without adding something of
your own to it
• Using clear and concise language with correct spelling and grammar
• Keeping discussion posts brief but thorough, on topic and within the scope of the course material
• Reviewing your posts before sending to ensure you are avoiding slang terms, texting abbreviations and caps lock
• Being open minded of other’s opinions even when they differ from your own
• Muting your microphone in a conference if it is not your time to talk in order to minimize background sound
• Sending private messages to individuals instead of flooding the public chat

TECHNOLOGY SUPPORT
If you need technical assistance at any time or to report a problem, you may contact the Information Technology Service Offic e
through e-mail at itservices@dlsu.edu.ph or its web page, https://www.dlsu.edu.ph/offices/its/.

ACADEMIC INTEGRITY POLICY:

It is the mission of the Ramon V. del Rosario, Sr. College of Business (RVRCOB) to train its students in the highest levels of
professionalism and integrity. In support of this goal, academic integrity is highly valued at RVRCOB and violations are considered
serious offenses. Examples of violations of academic integrity include, but are not limited to, the following:
1. Plagiarism – using ideas, data or language of another without specific or proper acknowledgment. Example: Copying text
from the Web site without quoting or properly citing the page URL, using crib sheet during examination.
For a clear description of what constitutes plagiarism as well as strategies for avoiding it, students may refer to
the Writing Tutorial Services web site at Indiana University using the following link:
http://www.indiana.edu/~wts/pamhlets.shtml. For citation styles, students may refer to
http://www.uwsp.edu/psych/apa4b.htm.
2. Cheating – using or attempting to use unauthorized assistance, materials, or study aids during examination or other
academic work (e.g. using a cheat sheet in a quiz or exam, altering a grade exam and resubmitting it for a better grade.
3. Fabrication – submitting contrived or improperly altered information in any academic requirements (e.g., making up data
for a research project, changing data to bias its interpretation, citing nonexistent articles, contriving sources.
Reference: Code of Academic Integrity and Charter of the Student Disciplinary System of the University of Pennsylvania at
http://www.vpul.upenn.edu/osl/acadint.html.

RVRCOB CODE OF ETHICS:

As a business leader I recognize my role in society.
• My purpose is to lead people and manage resources to promote human development and the common good and to create
value that no single individual can create alone.
• My decisions affect the well-being of individuals inside and outside my enterprise, today and tomorrow.

Therefore, I promise that:

• I will manage with loyalty and care, and will not advance my personal interests at the expense of my enterprise or society.
• I will promote socially useful products and services which serve human development, keeping in mind reasonable access
for the poor and underprivileged.
• I will understand and uphold, in letter and spirit, the laws and contracts governing my conduct and that of my enterprise.
• I will refrain from corruption, unfair competition, or business practices harmful to society.
• I will respect the human rights and dignity of all people affected by my enterprise, and I will oppose discrimination and
exploitation.
• I will promote a humane and enabling work community within my organization.
• I will promote the just allocation of resources for all stakeholders of the company.
• I will respect the right of future generations to advance their standard of living and enjoy a healthy planet.
• I will report the performance and risks of my enterprise accurately and honestly.
• I will invest in developing myself and others, helping the management profession continue to advance and create
sustainable and inclusive prosperity.
• In exercising my professional duties according to these principles, I recognize that my behavior must set an example of
integrity, eliciting trust and esteem from those I serve. I will remain accountable to my peers and to society for my actions
and for upholding these standards.
Adapted from: The Global Business Oath (http://theoathproject.org/?page_id=47 )
Vocation of the Business Leader (http://www.stthomas.edu/cathstudies/cst/VocationBusinessLead/)
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COVENANT FOR SHARED PROSPERITY:
We therefore pledge and commit to:
• Recruit, train and develop our employees and managers to be the best that they can be irrespective of gender, alma mater,
age, ethnicity and religion; provide just compensation and benefits; promote meritocracy and encourage work-life harmony;
• Provide only quality products and services that are of continuing value to our customers;
• Treat our goods, service and funds providers fairly, ethically and with respect as we expect them to treat their own workers
in their supply chain the same way;
• Be actively involved in the communities where we operate in with particular attention to the needs of the disadvantaged in
those communities;
• Protect and preserve the environment for the benefit of current and future generations by employing environment friendly
technologies in all aspects of business operations; and
• Deliver reasonable and just returns to and fair treatment of our controlling and non-controlling shareholders.
Adapted from: Philippine Business Group's Covenant of Shared Prosperity (November 5, 2020)

Prepared by: Approved by:

Ms. Herminigilda E. Salendrez Dr. Arnel Onesimo O. Uy Dr. Emilina R. Sarreal

Course Coordinator Chair, Accountancy Department Dean, RVRCOB

January 2024

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