University of San Jose-Recoletos Cebu City, Philippines CHED Autonomous Status | PAASCU Level 3

SCHOOL OF BUSINESS AND MANAGEMENT

Accountancy and Finance Department

COURSE NUMBER ACCTG 401

COURSE TITLE Governance, Business Ethics, Risk Management and Internal Control
COURSE UNITS 3.0 Units
PRE-REQUISITES GE Ethics
TERM OFFERED Second Semester
PROGRAM/S BS Accountancy and Management Accounting

Catholic Attributes
 Orthodoxy in Catholic Doctrine  Integrity in Moral Life  Dynamism in Prayer Life
Augustinian Recollect Attributes
 Contemplative  Communitarian  Apostolic  Marian
USJ-R’s Vision
We envision the University of San Jose-Recoletos to be a premier Gospel and community-oriented educational institution committed to lead in instruction,
research, community engagement, and innovation in order to transform Josenians into proactive ad compassionate leaders, creators of communion, and dynamic
partners of society in the 21st Century.
Mission
We are a Catholic University imbued with the spirit of “Caritas et Scientia”, committed to providing the highest level of Quality Christian Community-oriented
Education and instilling a culture of continuous learning, life-sharing, multi-disciplinary orientation, pioneerism, discovery, and innovation.
Core Values
 Interiority  Nationalism  Service  Pioneerism  Integrity  Reliability  Excellence
Quality Statement
USJ-R stands for quality Christian community-oriented education. In pursuit of this commitment, we continually enliven the curriculum with Gospel values, hybridize
programs for value innovation, engage in interdisciplinary approach to integral formation, exemplify the Augustinian Recollect charism and core values, and
leverage resources for optimal results.
Josenian Graduate Attributes
 Socially Responsible Communitarian  God-Centered Individual  Highly Competent Professional
 Effective Communicator  Adaptive Life-Long Learner

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 University of San Jose-Recoletos Cebu City, Philippines CHED Autonomous Status | PAASCU Level 3

COURSE OVERVIEW

This course is designed to prepare students for a high standard of responsibility as they enter the world of the accountancy profession which co-professionalism is
always present. Topics covered include leadership as it relates to the professional accountant, the recognition and management concepts and standards so as to
contribute to organizational stability and growth. Also discussed in detail are the Professional Code of Ethics.

PROGRAM INTENDED LEARNING OUTCOMES

A. Resolve business issues and problems, with a global and strategic perspective using knowledge and technical proficiency in the areas of financial accounting and
reporting, cost accounting and management, accounting and control, taxation, and accounting information systems
B. Apply knowledge and skills to successfully respond to various types of assessments (including professional licensure and certifications).
C. Employ technology as a business tool in capturing financial and non-financial information, generating reports and making decisions.
D. Prepare and communicate financial and non-financial information effectively with stakeholders both in oral and written forms.

COURSE INTENDED LEARNING OUTCOMES MAPPED PILO

Within and upon completion of this course, the students are expected to:
CILO 1
Explain the role, responsibilities and ethical standards of a professional accountant in governance of a
A, B
business.
CILO 2
Explain the relationship between risk management, internal control and the role and responsibilities of a
A, B, C
professional accountants
CILO 3
Apply the concept of governance, ethics, risk management and internal control in case analysis
A, B, C, D

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 University of San Jose-Recoletos Cebu City, Philippines CHED Autonomous Status | PAASCU Level 3

ASSESSMENT OF OUTCOMES CRITERIA OF OUTCOMES

CASE ANALYSIS REPORT (CILO 1, 2 ,3) ⚫ Completeness and correctness of methodologies used and the
appropriateness of the interpretation and recommendations.

CILO Mapping
Materials/
Teaching-
Assessment Resources/
Time Frame Unit Outcomes Learning Learning Content
CILO CILO CILO Tasks Suggested
Activities
1 2 3 Readings

Weeks 1-5 Explain the relevant concepts of corporate  Oral recitation Role Play and Introduction to Instructor-
governance. Simulation Corporate Governance prepared
 Presentation lecture
Discuss the importance of the role and   Corporate Governance presentation
responsibilities of a professional accountant Quizzes Lecture Responsibilities and thru LMS
in governance.  Accountabilities
Case Study Analysis
Case Digest Securities and
Exchange Commission PPT
Presentation
Code of Corporate
Governance

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 University of San Jose-Recoletos Cebu City, Philippines CHED Autonomous Status | PAASCU Level 3

Week 6 – PRELIM EXAMINATION

Weeks 7-11 Explain the various principles and concept of  Oral recitation Role Play and Introduction to Instructor-
ethics. Simulation Corporate Governance, prepared
Quizzes Corporate Governance lecture
Explain the concept of risk management. presentation
 
Responsibilities and
Presentation Lecture Accountabilities, thru LMS
Explain the concept of internal control and Securities and
its relevance to the role and responsibilities   Case Digest Case Study Analysis Exchange Commission
of a professional accountant. Code of Corporate
Governance PPT
Presentation

Week 12 – MIDTERM EXAMINATION

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 University of San Jose-Recoletos Cebu City, Philippines CHED Autonomous Status | PAASCU Level 3

Role Play and Introduction to Instructor-

Weeks 13- Explain the concept of fraud  Oral recitation Simulation Corporate Governance, prepared
17 Corporate Governance lecture
Apply the concept of governance, ethics, risk Quizzes Responsibilities and presentation
management and internal control in case    Accountabilities, thru LMS
analysis. Presentation Lecture Securities and
Exchange Commission
Case Digest Case Study Analysis Code of Corporate
Governance PPT
Presentation

Week 18 – FINAL EXAMINATION

INTEGRATION SCHEMES

1. The importance of corporate governance, ethics and risk management that can help the students through developing the Josenian core values of
reliability, excellence and integrity as well as living up to the Josenian attribute of highly competent professional.

GRADING SYSTEM (OUTCOMES-WEIGHTED ASSESSMENT TABLE)

Grading Standard: Cumulative Grading System

Quizzes and Term Examinations: FISMO

• Facts and Information – 15%
• Skills – 25%
• Meaning– 30%
• Outcomes– 30%

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 University of San Jose-Recoletos Cebu City, Philippines CHED Autonomous Status | PAASCU Level 3

Prelim Grade (PG) = 70 % FISMO + 30 % PRELIM Exam

Where: FISMO = 15% Facts and Information (FI) + 25% Skills (S) + 30% Meaning (M) + 30% Outcome (O)
Midterm Grade (MG) = ½ TMG + ½ PG
Where: Tentative Midterm Grade (TMG) =70 % FISMO + 30 % MIDTERM Exam
FISMO = 15% Facts and Information (FI) + 25% Skills (S) + 30% Meaning (M) + 30% Outcome (O)
Final Grade (FG) = 1/3 TFG + 1/3 PG + 1/3 TMG
Where: Tentative Final Grade (TFG) =70 % FISMO + 30 % DEPARTMENTAL / FINAL Exam
FISMO = 15% Facts and Information (FI) + 25% Skills (S) + 30% Meaning (M) + 30% Outcome (O)

REFERENCES

References used by the Instructor:

Cabrera, Ma. Elenita B. (2020). Corporate governance, business ethics, risk management and internal control
Roque, Gerardo S. (2019). CPA examination reviewer : Auditing Theory

Other references:
Handbook of the International Code of Ethics for Professional Accountants (2018 Edition)
PRB CPA Res. No. 18: Adoption of 2016 Edition of IESBA Code of Ethics for Professional Accountants RA 9298: Philippine Accountancy Act of 2004
PRB CPA Resolution No. 262: Revised Subjects of the CPALE IAASB Quality Management ISQM 1 Quality Management for Firms IAASB Quality
Management ISQM 2 E

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 University of San Jose-Recoletos Cebu City, Philippines CHED Autonomous Status | PAASCU Level 3

COURSE POLICIES AND STANDARDS

(Specific classroom guidelines of the course and the teacher, please describe policy as to:)
A. Behavioral Expectations. Observe proper conduct during online classes and in asynchronous engagements as stipulated in the student manual.
B. Academic Integrity. Observe academic integrity by avoiding all intellectual dishonesty forms and adhering to the university’s intellectual property policy.
C. Attendance and Participation. Attendance is monitored by the instructor during synchronous sessions. Your utmost participation is highly encouraged and
appreciated. Our scheduled meetings are every __ (days) __ at (time) .
D. Online Class Engagement. Come to the synchronous meeting a few minutes before the actual time. Turn off your microphone and video to help in the easier flow of
bandwidth traffic. You may turn on your microphones when asked to do so. You may also use the chat or react features of the meeting to show engagement during
online class. Remain respectful in your words and actions.
E. Submissions. Submit the requirements of the course during the identified due date via our LMS. When submitting, do not forget to place your name and course/year.
In case of late submissions, the instructor will deduct points under the ____________ component of the project score.
F. Examinations. Examinations are formal class tasks and therefore must be taken seriously by the students.
G. E-Class. Link to Synchronous Meeting (MS Teams): ____________________________ Link to LMS (Adelante Brightspace): ___________________________
When technical issues arise, inform your instructor right away for proper guidance. You may also contact our Adelante LMS team for assistance.
H. Means of Communication. Announcements, reminders, and updates will be coursed through our LMS. For personal academic concerns, you may reach me at
__________________________ (e-mail, contact number, or SNS account). Please use your USJ-R email addresses for official communication.
I. Consultation Time. I am available for consultation through the communication means mentioned above during the following days and time:
____________________________________.
J. Considerations to Students. USJ-R is an inclusive institution which caters to students with special and additional needs. The university also takes care of the socio-
emotional learning of its students. Inform the instructor if you have concerns regarding these needs. You may also contact our Student Development and Placement
Center for more specific assistance regarding your psycho-social development.

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 University of San Jose-Recoletos Cebu City, Philippines CHED Autonomous Status | PAASCU Level 3

K. Data Privacy. Be mindful of the university’s protocols on data privacy. Always ask permission when handling data and confirm data protection when asked.
L. Fair Use. The course may use resources that contain copyrighted material and which may not have been specifically authorized by the copyright owner. These
resources are made available through the course and the LMS for educational and informational purposes only.

SYLLABUS REVISION HISTORY

i. Syllabus Adaptation Based on CMO No. 17 s. of 2017
ii. Version Number
(optional)
iii. Revision Dates
iv. Prepared by
v. Reviewed by Dr. Rolando A. Martinez, CPA
vi. Approved by Dr. Edgar Detoya, CPA
vii. Submitted to Office of Curriculum and Instruction and Vice President for Academics and Research

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