Program: Subject Code: ACC 108

Year Level: Subject Title: Intermediate Accounting Part 3

Level of Complexity
COURSE-LEVEL OBJECTIVES
The examinees should be able to
TOPIC/LESSON MODULE NO. No of Items Easy Moderate
30% 50%
Recognition criteria for liabilities and their 2
essential characteristics.
Characteristics of a financial liability. 2
Apply the concepts and solve
problems in relation to CURRENT 8
LIABILITIES. Initial and subsequent measurements of 2
financial and non-financial liabilities.
Classification of liabilities as current and 2
noncurrent.
Initial and subsequent measurement of 3 and 4
notes and loans payable.
Application of present value factors properly. 3 and 4
Demonstrate understanding of the
concepts and solve problems in Preparation of amortization tables.
8
relation to NOTES PAYABLE. 3 and 4

Accounting for origination fees on loans 3 and 4

payable.
Initial and subsequent measurement of bonds 6 and 7
payable.

Accounting for compound financial 6 and 7

Apply the concepts and solve instruments.
problems in relation to BOND 8
PAYABLE AND OTHER 6 and 7
CONCEPTS.
Accounting for derecognition of liabilities.
Requirements for the offsetting of financial 6 and 7
assets and financial liabilities.

Recognition criteria for provisions. 10

Demonstrate understanding of the

concepts and solve problems in 8
relation to PROVISIONS AND
CONTINGENCIES.
 Recognition criteria for provisions. 10

Differences in accounting requirements of a 10

Demonstrate understanding of the provision, a contingent liability and a
concepts and solve problems in contingent asset. 8
relation to PROVISIONS AND Available measurement bases for a 10
CONTINGENCIES. provision.

Accounting for provision 10

Identification of a lease. 17, 18, 19

Accounting for leases by a lessee using the 17, 18, 19

general recognition.

Accounting for leases by a lessee using the 17, 18, 19

recognition exemption.
Apply the concepts and 17, 18, 19
solveproblems in relation to 15
LEASES. Identify the lease classifications by a lessor.
17, 18, 19
State the indicators of a finance lease.
17, 18, 19
Accounting for a finance lease by a lessor.
17, 18, 19
Accounting for an operating lease by a lessor.
21, 22, 23
Profit presentation in the financial statements
that may be different from the taxable profit.
21, 22, 23
Determination of the tax base of assets and
Apply the concepts and solve liabilities.
problems in relation to INCOME 8
21, 22, 23
TAX LIABILITIES Compute for income tax expense and current tax
expense.
21, 22, 23
Compute for deferred tax assets and deferred
tax liabilities.
 Identification of the items that are included in 11, 13, 14
employee benefits.

Timing of the recognition of employee 11, 13, 14

benefits.

Difference between a defined contribution 11, 13, 14

plan and a defined benefit plan.

Accounting for defined contribution plans 11, 13, 14

Demonstrate understanding of the
concepts and solve problems in 15
relation to EMPLOYEE BENEFITS. Accounting procedures for defined benefit 11, 13, 14
plans.

Computation of the net defined benefit 11, 13, 14

liability (asset).

Components of the defined benefit cost. 11, 13, 14

Accounting for other long-term employee 11, 13, 14

benefits and termination benefits.

70
el of Complexity
Difficult
20%
Program: BS Accountancy Subject Code: BAM 031
Year Level: 2nd Year Subject Title: Income Taxation

COURSE-LEVEL OBJECTIVES TOPIC/LESSON MODULE NO. No of Items

Nature of taxation.
Three (3) inherent powers of the state
Primary and other purposes of taxation.
Demonstrate understanding and Inherent and constitutional limitations on the 2
discuss the Fundamental Power of Taxation; 16
Principles of Taxation.
Situs of Taxation and identify double Taxation
classes of Escapes in Taxation
Principles of the sound tax system

Sources of laws and administrative issuances

Describe and analyze the Applicable tax System & Collection System 3
application of the concepts of in the PH.
8
Tax Laws and Tax Distinction of taxes from simillar items
Administration
Powers of BIR and the powers of the CIR 4

Elements of the Gross Income

Types of the Taxpayers

6
Describe, analyze and compute 9
Gross Income. Computation of Gross Income of the taxpayer
based on the rules on taxability.
Difference of the accounting periods and
reporting; and computation of interest and 7
surcharges of taxpayers
Final Income Taxation and Final
Withholding Tax System
8-12
Identification of income subject to final tax
Describe, analyze and compute and computation of the tax due.
Final Income Tax and Capital 10
Gains Tax.
Sources of income subject to Capital Gains
12-15
Tax and computation of tax due

Characteristics of the income subject to Regular

Income Tax
Describe, analyze, compute and 5
14
file Regular Income Tax.
Describe, analyze, compute and 5
Basic computation of Regular Income tax 14
file Regular Income Tax.
due
Income Tax Return Filing and other
compliances
Compensation income identified as de minimis
befit
Compensation Income Computation
Understand, analyze and
compute Compensation Income Characteristics and and items classified as 15 9
Fringe Benefit.
Tax, Fringe Benefit Tax, and
Dealings in Properties
Computation of Fringe Benefit Tax
Explain concept and compute tax due on dealings in
properties.
Principles of Deductions
Analyze ordinary and special Ordinary or itemized allowable deductions and 16
allowable deductions as well as special allowable deductions 5
compute for Income Tax
Payable. Net Income and Tax Regular Income Tax
Payable

Describe, analyze and compute Individual and corporate Income Tax 19-24
Regular Income Tax For 8
Individual Taxpayers and
Corporate Taxpayers
Compute RCIT and MCIT

70
 Level of Complexity
Easy Moderate Difficult
30% 50% 20%
Program: BSA Subject Code: ACC 109

Year Level: Second Year Subject Title: Intermediate Accounting Part 4

Level of Complexity
COURSE-LEVEL OBJECTIVES The MODULE No of
TOPIC/LESSON Easy
examinees should be able to NO. Items
30%
Components of shareholders’ equity.

Account for the initial issuances of shares of stocks.

Account for the reacquisition and retirement of shares of stocks.

Apply the concepts and solve problems
in relation to SHAREHOLDERS' 2, 3 12
EQUITY. Stock rights, convertible preference shares and donated capital.

Account for distributions to owners.

Recapitalization and quasi-reorganization

Demonstrate understanding of the Definition of a share-based payment transaction.

concepts and solve problems in relation
to SHARE-BASED PAYMENTS.
Accounting methods applicable to share-based payment transactions
with (a) non-employees and (b) employees.
Share-based compensation plans.
5, 6 10
Cash-settled share-based payment transactions.

Share-based transactions with cash alternatives.

Apply the concepts and solve problems Definition of book value per share.
in relation to BOOK VALUE PER
SHARE. 7 4
Apply the concepts and solve problems Definition of book value per share.
in relation to BOOK VALUE PER
SHARE. 7 4
Computation of book value per share.

Apply the concepts and solve problems Computation of basic earnings per share
in relation to EARNINGS PER SHARE.
10 4
Computation of diluted earnings per share

Components of a complete set of financial statements. 11

Enumerate the components of financial

statements, classify assets and liabilities Classification of assets and liabilities into current and noncurrent. 6
and prepare a Statement of Financial
Position
Statement of financial position.

Prepare a Statement of Profit or Loss Components of a Statement of Profit or Loss and Other 13
and Other Comprehensive Income. Comprehensive Income.

Items of other comprehensive income. 13

6

Acceptable methods of presenting items of income and expenses. 13

Five steps in the recognition of revenue. 14, 15

Identification of performance obligations in a contract. 14, 15

Apply the concepts and solve problems Transaction price is determination and allocation to the performance 14, 15
in relation to REVENUE FROM obligations. 10
CONTRACTS WITH CUSTOMERS.
Timing of revenue recognition and its measurement. 14, 15

Presentation of contracts with customers in the statement of financial 14, 15

position.
 Requirements for classifying assets as “held for sale.” 18, 19

Initial and subsequent measurement of “held for sale” assets. 18, 19

Apply the concepts and solve problems
in relation to NON-CURRENT ASSETS 8
HELD FOR SALE AND Distinctions of (1) Noncurrent asset held for sale, (2) Disposal group, 18, 19
DISCONTINUED OPERATIONS. and (3) Discontinued operations.

Presentation requirements of a discontinued operation. 18, 19

Prepare a Statement of Changes in Components of a Statement of Changes in Equity. 21, 22

Equity in good form and differentiate it
from a Statement of P and L & other 4
Comprehensive Income Difference between Statement of Profit or Loss and Other 21, 22
Comprehensive Income and Statement of Changes in Equity.

Distinction of the following: (1) Operating activities, (2) Investing 23, 24

activities, and (3) Financing activities.
Prepare a STATEMENT OF CASH
FLOWS in good form under the direct Classification of the following in a statement of cash flows: (a) 23, 24 6
and indirect method. dividends received, (b) dividends paid, (c) interest paid and (d) interest
received.
Statement of cash flows presenting cash flows from operating activities 23, 24
using (a) direct method and (b) indirect method.
70
Level of Complexity
Moderate Difficult
50% 20%
Program: BSA Subject Code: PHI 002
Year Level: 2ND YEAR Subject Title: Cont'n Intacc Part 4
TOPIC/LESSON Level of Complexity
COURSE-LEVEL OBJECTIVES The MODULE No of
Easy Moderate
examinee should be able to NO. Items
30% 50%
Explain the relationship of the State the relationship of the notes with the other
NOTES TO FINANCIAL components of a complete set of financial statements. 3
STATEMENTS. to other
components of a FS.
Define the following and give examples: (1) Change in
Discuss the concepts and solve accounting policy, (2) Change in accounting estimate, and
problems in relation to change in (3) Error.
accounting policy, estimate and 6
error and prepare the appropriate Differentiate between the accounting treatments of the
NOTES TO FINANCIAL following: change in accounting policy, change in
STATEMENTS. accounting estimate, and correction of prior period error.

Define events after the reporting period.

Discuss the concepts and solve
problems in relation to events after
the reporting period and prepare the 6
appropriate NOTES TO FINANCIAL State the accounting requirements for events after the
STATEMENTS. reporting period.

1, 2, 3, 4,
Enumerate examples of related parties.
5
Discuss the concepts and solve
problems in relation to related
parties and prepare the appropriate 6
Describe the disclosure requirements for related parties.
NOTES TO FINANCIAL
STATEMENTS.

Definition of an operating segment.

Discuss the concepts and solve The “management approach” to identifying reportable
problems in relation to operating segments.
segment and prepare the 9
appropriate NOTES TO FINANCIAL
STATEMENTS.
Discuss the concepts and solve The “management approach” to identifying reportable
problems in relation to operating segments.
segment and prepare the 9
appropriate NOTES TO FINANCIAL
STATEMENTS.
Quantitative thresholds in identifying reportable segments.

Definition of an interim financial report.

Scope and applicability of PAS 34.

Discuss and apply the concepts in

solving problems relating to 10, 11 12
INTERIM FINANCIAL REPORTING. Income and expense recognition principles followed in
interim financial reporting.

How income tax expense is computed in the interim

financial statements.

Distinction of cash basis and accrual basis of accounting.

Restating account balances from the cash basis to the

accrual basis of accounting.
Explain and apply the concepts and
solve problems in relation to CASH 12
13, 14
BASIS TO ACCRUAL BASIS OF
ACCOUNTING.
 Basic purpose of the PFRS for SMEs.

Definition of an SME.

Distinct differences between the full PFRSs and the PFRS

Apply the concepts and solve for SMEs.
problems in relation to PFRS FOR 18, 19, 20, 16
SMALL AND MEDIUM-SIZED 22, 23, 24
ENTITITES.

70
el of Complexity
Difficult
20%
Program: BSA Subject Code: FIN 072
Year Level: 2nd year Subject Title: FINANCIAL MARKETS
Level of Complexity
MODULE No of
COURSE-LEVEL OBJECTIVES TOPIC/LESSON Easy
NO. Items
30%
Financial Markets - Part 1
Differentiate a financial intermediary from financial
market and discuss its advantages and disadvantages. Basic Functions of Financial System 2
The Philippine Financial System
1,2
Financial Markets - Part 2
Discuss the different types of financial markets and
Capital Market vs. Money Market 4
financial instruments used in the money market and
Examples of Financial Markets
distinguish the primary market from the secondary
Investment Procedure
market.
Time Value of Money (Parts 1 and 2)
Apply the concept and solve problems involving time
value of money and explain its importance in the Future and Present Value of an Annuity 3,4 4
decision-making process Present Value at Compounded Interest
Annual Percentage Rate (APR)

Risk and Rates of Return (Parts 1 and 2)

Compare expected return with required and realized
return and identify and measure the related of risks and Expected and Realized Returns
how to minimize the risks. Risks and Different Types of Risk 5, 6 7
Compute the required rate of return using the CAPM; Portfolio Management
and explain the value of the security market line. Capital Asset Pricing Model (CAPM)
Portfolio Beta ; standard deviation
Long-term Financing: Debts
Define the term long-term debt, enumerate the different
types, and the advantages and disadvantages of issuing
Long-term Debts
long-term debts.
Mortgages 5
Explain the importance of bonds and the effects of
Bonds
7, 8
premium and discount in issuance of bonds, and
Bond Refunding
compute the
Described costs and benefits
characteristics of of
of types bond refunding.
equity securities
Effects of Bond Premium and Discounts on a Firm’s Cash
Described differences in voting rights and other
Flow
Long-term Financing: Equities
ownership characteristics among different equity classes
Distinguished between public and private equity
Trading in the Stock Exchange
securities
Buying and Selling of Stocks 5
Compared the risk and return characteristics of types of
Composition of Equity
10, 11
equity securities
Types of Stocks (Common and Preferred Stocks)
Distinguished between the market value and book value
Stock Rights
of equity securities
Value of a Right
Compared a company's cost of equity, its (accounting)
return on equity, and investors' required rates of return
Described characteristics of types of equity securities
Described differences in voting rights and other
Long-term Financing: Equities
ownership characteristics among different equity classes
Distinguished between public and private equity
Trading in the Stock Exchange
securities
Buying and Selling of Stocks 5
Compared the risk and return characteristics of types of
Composition of Equity
10, 11
equity securities
Types of Stocks (Common and Preferred Stocks)
Distinguished between the market value and book value
Stock Rights
of equity securities
Value of a Right
Compared a company's cost of equity, its (accounting)
return on equity,
Described and
types of investors'
bonds required
for which rates of
estimating return
the
expected cash flows is difficult.
Explained how the price of a bond changes if the
Valuation of Bonds and Stocks
discount rate changes and as the bond approaches its
maturity date.
Bond Discount and Bond Premium
Calculated the change in value of a bond given a change
Required Rate of Return and Bond Price 11
in its discount rate.
Impact of Time on Bond Price
12, 14
Calculated intrinsic value and stock price
Yield to Maturity and Yield to Call
Determined common stock values using - Discounted
Different Growth Models for Valuation of Common Stocks
Dividend Model; Corporate Valuation Model; and Other
Different Techniques for Valuation of Common Stocks
Approaches
Described preferred stock Costs of Capital

Uses of Cost of Capital

Cost of Preferred Stock
Capital
Cost of Budgeting
Debt
Explain the sources of capital, calculate & interpret its
Cost of Common Stock 10
component costs, and describe the effect of taxes on
Framework
Capital Asset of Pricing
CapitalModel
Budgeting
(CAPM)
16, 18
cost of capital.
Payback
Bond PlusPeriod
Approach Model
Discounted Payback
Cost of Retained Period
Earnings
Demonstrate understanding of the concept, solve
Accounting Rate of Cost
Weighted Average Return
of Capital
problems, and perform risk analysis relating to capital
Net
BookPresent Value and Market Value Weights
Value Weights 19, 20, 10
budgeting. Dividend Policy
Internal Rate
Target and of Return
Marginal Weights 21, 22
Modified Internal Rate of Return
Fundamentals of Dividends
Demonstrate understanding of the concept, solve Profitability index
Tax Treatment of Dividends 6
problems relating to dividend policies and theories Meaning of Mutually Exclusive Projects
Different Dividend Theories
23
Capital Rationing
Factors
Risk Affecting Dividend
Management Policy
and Derivatives
Replacement Decision
Types of Dividend Policy
Processes
Risk in StockProcess
Management Repurchase
Apply the fundamentals of risk management in solving
Derivatives
problems and explain the motivations for risk 6
management.
Forward Contract and Future Contract 24, 25
Call Option and Put Option
Swaps
Misconception about derivatives
70
Level of Complexity
Moderate Difficult
50% 20%
Program: BSA Subject Code: BAM 241
Year Level: 2nd year Subject Title: Business Laws and Regulations
Level of Complexity
No of
Easy
MODULE Items
COURSE-LEVEL OBJECTIVES TOPIC/LESSON NO. 30%
Gain knowledge of legal provisions of the Law on
Partnership general provisions
Partnership
Nature of a partnership and its distinction from
Differentiate partnership and corporation
corporation 2 8

Identify the formalities required for a contract of

Formalities required
partnership

Enumerate the kinds of partners and partnerships Kinds of partners and partnerships 3 4
Illustrate the sharing of profits and losses of a
Sharing of profits and losses
partnership
4 6
Familiarize the rules of management in a partnership Rules of management

Obligations of partners to the partnership, to the

Identify the obligations and rights of a partner partners and to the third person 5, 6 5
Rights of a partner

Explain the dissolution and winding up of a partnership. Dissolution and winding up 7, 8 4

Describe a limited partnership Limited Partnership 8 3

Gain knowledge of legal provisions of the Revised

Corporation Code of the Philippines, Securities Corporation general provisions, definitions and 6
10
Regulations Code and Introduction to Code of classifications
Corporate Governance.

Familiarize the process of incorporation and 5

Incorporation and Organization of Private Corporations 11
organization of private corporations.
Familiarize the process of incorporation and 5
Incorporation and Organization of Private Corporations 11
organization of private corporations.

Describe the duties and responsibilities of board of 5

Board of Directors/Trustees and Officers 12
directors, trustees, and officers.
Enumerate the powers of a corporation Powers of Corporations

Describe the content of bylaws of a corporation Bylaws

13 12

Meetings
Explain corporate meetings, stocks and stockholders

Stocks and Stockholders

14 7
Identify corporate books and records Corporation Books and Records

Define merger and consolidations and explain its

Merger and Consolidation
process and effects
15 9

Explain appraisal right Appraisal Right

Non-stock Corporations
16 8
Differentiate non-stock corporations, close corporations
Close Corporations
and special corporations

Special Corporations 17 7

Explain the dissolution and liquidation of a corporation Dissolution

18 8
Describe a foreign corporation Foreign Corporation

Interpret the provisions of Corporation Code regarding 3

Investigations, Offenses and Penalties 19
investigations, offenses, and penalties.
Interpret the provisions of Corporation Code regarding 3
Investigations, Offenses and Penalties 19
investigations, offenses, and penalties.

100
Level of Complexity
Moderate Difficult
50% 20%
Program: BSA Subject Code: BAM 026
Year Level: 1st Year Subject Title: Law on Obligations and Contracts
Level of Complexity
COURSE-LEVEL OBJECTIVES The examinees MODULE No of
TOPIC/LESSON Easy Moderate
should be able to NO. Items
30% 50%
Describe the general provisions of the law on 10
General Provisions (Obligations) 1
obligation.
Explain the nature and effect of obligations Nature and Effect of Obligations 2, 3 20
Identify the different kinds of obligations Different Kinds of Obligations 4-8 10

Assess the extinguishment of obligations Extinguishment of Obligations 10-16 10

Discuss the general provisions of the law on 10

General Provisions (Contracts) 17
contracts
Explain the essesntial requisites of contracts Essential Requisites of contracts 19-20 10
Describe the form of contracts Form of Contracts 21 5
Explain reformation of instruments Reformation of Instruments 22 3
Discuss interpretation of contracts Interpretation of Contracts 22 5
Identify recessible contracts Rescissible Contracts 23 5
Describe voidable contracts Voidable contracts 23 4
Expalin unenforceable contracts Unenforceable contracts 24 4
Discuss voidable or inexistent contracts Void or Inexistent Contracts 24 4
100
el of Complexity
Difficult
20%