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COLLEGE: RVR-COB COURSE CODE: ACTBAS4 CLASS DAYS AND CLASS TIME:

INSTRUCTOR NAME:

CONTACT INFORMATION:

CONSULTATION HOURS:

INSTRUCTOR NAME: CONTACT INFORMATION: CONSULTATION HOURS: DEPARTMENT: ACCOUNTANCY ROOM: COURSE DESCRIPTION: This
INSTRUCTOR NAME: CONTACT INFORMATION: CONSULTATION HOURS: DEPARTMENT: ACCOUNTANCY ROOM: COURSE DESCRIPTION: This

DEPARTMENT: ACCOUNTANCY

ROOM:

COURSE DESCRIPTION:

This course ACTBAS4, INTRODUCTORY ACCOUNTING Part 4, is designed to develop a basic understanding of the conceptual framework underlying the measurement and communication of financial data for business decisions as well as their relevance in the national context. This course deals with analyzing, recording and processing business transactions commonly engaged by a manufacturing enterprise. The fundamental concepts and principles essential to the measurement and communication of said transactions are introduced and emphasized as the course progresses.

LEARNING OUTCOMES (LO):

UNIVERSITY EXPECTED LASALLIAN GRADUATE ATTRIBUTES (ELGA)

LEARNING OUTCOMES On completion of the course, the student is expected to be able to:

Critical and creative thinker

CO1: Prepare financial statements for a manufacturing business based on generally accepted accounting principles (GAAP).

Effective communicator

CO2: Prepare individual and/or group case analyses that apply theories learned in the course.

Reflective lifelong learner

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 OUTCOMES

REQUIRED OUTPUTS

DUE DATE

LO1: Prepare financial statements for a manufacturing business based on generally accepted accounting principles.

1) Minimum of two textbook/workbook exercises 2) At least one complete set of Financial Statements

Every

meeting

Entire term

LO2: Prepare individual or group case analysis that applies theories learned in the course.

One written individual or group case analysis

Week 13

RUBRICS FOR ASSESSMENT:

Textbook/Workbook Exercises

CRITERIA

EXEMPLARY

SATISFACTORY

DEVELOPING

BEGINNING

RATING

100%

90%

80%

70%

Textbook/

The student

The student solves and presents 76%- 99% of the requirements of textbook exercises in good accounting format.

The student solves and presents 51%- 75% of the requirements of textbook exercises in good accounting format.

The student fails to solve and present at least 50% of the requirements of textbook exercises in good accounting format.

 

Workbook

solves and

Exercises

presents 100%

(Presentation,

of requirements

content, and

of textbook

completeness)

exercises in

[100%]

good accounting

format.

       

TOTAL:

 

1

Financial Statements

CRITERIA

EXEMPLARY

SATISFACTORY

DEVELOPING

BEGINNING

RATING

100%

90%

80%

70%

Correctness &

The student prepares correctly all financial statements.

The student prepares correctly majority of the financial statements .

The student prepares correctly some of the financial statements.

The student fails to prepare correctly all financial statements.

 

Completeness

[80%]

Neatness and

The student

The student

The student prepares some of financial statements in good accounting format.

The student fails to prepare correctly all financial statements in good accounting format.

 

Orderliness

prepares all

prepares

[20%]

financial

majority of

statements in

financial

good accounting

statements in

format.

good accounting

format.

 
       

TOTAL:

 

Written Group Business Case Analysis

 

CRITERIA

EXEMPLARY

SATISFACTORY

DEVELOPING

BEGINNING

RATING

100%

90%

80%

70%

Content

The group applies all relevant ACTBAS4 topics appropriately to the business case.

The group

The group

The group fails to apply ACTBAS4 topics appropriately

 

(Application

applies most

applies some

of theories

ACTBAS4 topics

ACTBAS4 topics

learned in

appropriately

appropriately

ACTBAS4 to

 

the business

 

case)

[80%]

Format and

The group follows required format and paper is free of any grammatical and spelling error.

The group follows required format but paper contains minor grammatical and spelling errors.

The group follows required format but paper contains major violations of the English language.

The group does not follow format and uses a mixture of Filipino and English language in the paper; uses the English language inappropriately.

 

Use of

English

Language

[10%]

Teamwork

The group shows strong teamwork as evidenced by oneness, consistent, and smooth flow of ideas presented in the paper.

The group shows teamwork as evidenced by consistent and smooth flow of ideas presented in the paper.

The group shows somewhat a lack of teamwork as evidenced by some inconsistencies in the flow of ideas presented in the paper.

The group shows lack of teamwork as evidenced by inconsistencies in the flow of ideas presented in the paper.

 

[10%]

       

TOTAL

 

OTHER REQUIREMENTS AND ASSESSMENTS:

Aside from the final output, the student will be assessed at other times during the term by the following:

Quizzes

Departmental final examination Assignment notebook (compilation of textbook/workbook exercises) Peer evaluation (for group work) Class participation/recitation

2

Peer Evaluation (for Group Work)

CRITERIA

EXEMPLARY

SATISFACTORY

DEVELOPING

BEGINNING

RATING

100%

90%

80%

70%

Contribution to team’s final output

The student contributes to the team’s final output more than what is expected.

The student contributes to the team’s final output as expected.

The student contributes somewhat to the team’s final output.

The student does not contribute to the team’s final output.

 

[100%]

GRADING SYSTEM:

 
 

GRADE POINT

DESCRIPTION

PERCENTAGE 97 100 94 96 91 93 87 90 83 86 77 82 70 76 Below 70

 

4.0

Excellent

3.5

Superior

3.0

Very Good

2.5

Good

2.0

Satisfactory

1.5

Fair

1.0

Pass

0.0

Fail

The student will be graded according to the following:

 
 

BASIS Average Quizzes Mid-term/Final Examination Business Case

 

1 ST HALF

2 ND HALF

40%

40%

40%

40%

5%

5%

Class Standing* TOTAL Final Grade Computation

15%

15%

 

100%

100%

 

40%

60%

*See Class Policies #4

LEARNING PLAN:

LEARNING

 

TOPIC

WEEK

LEARNING

OUTCOMES

 

NO.

ACTIVITIES

Prepare financial statements for a manufacturing business based on GAAP.

I. INTRODUCTION

TO

MANUFACTURING

1

Read text 2, p.60 Read Valencia and Roxas pp. 521-523

BUSINESS

 

1.1 Review of Types of Business Organization according to activities

1.2 Introduction to Manufacturing Business

 
 

1.2.1 Nature

 
   

1.2.2 Chart of Accounts

 
 

1.2.3 Operating Cycles

 

Prepare financial statements for a manufacturing business based on GAAP.

II. COST CONCEPTS AND CLASSIFICATIONS

1-2

Read text 2, pp. 50-76 Answer text 2

2.1

According to Nature

 
 

2.1.1

Manufacturing Costs

E2-28,

 

2.1.1.1 Prime

P2-31, 2-39

 

2.1.1.2 Conversion

 
 

2.1.2

Operating Expenses

 

2.2

According to GAAP

 
 

2.2.1 Product Cost

 
 

2.2.2 Period Cost

 

2.3

According to Types of Inventories

 

2.3.1

Raw Materials Inventory

 

2.3.2 Work in Process Inventory

 

2.3.3 Finished Goods Inventory

2.4

According to Traceability to Cost Objects

1-2

Answer text 2 E2-17, 2-19

 

2.4.1 Direct Costs

 
 

2.4.2 Indirect Costs

   

3

LEARNING

 

TOPIC

WEEK

LEARNING

OUTCOMES

 

NO.

ACTIVITIES

 

2.5

According to Cost Behavior

   
 

2.5.1

Variable Costs

 

2.5.2 Fixed Costs

QUIZ 1

Prepare financial statements for a manufacturing business based on GAAP.

III. Income Statement and Supporting Schedules

3-4

Answer text 2 P2-29,2-32,2-34, 2-35, 2-36, 2-37, 2-40, 2-42 QUIZ 2

3.1 Schedule of Cost of Goods Manufactured

3.2 Schedule of Cost of Goods Sold

3.3 Functional-form Income Statement

Prepare financial statements for a manufacturing business based on GAAP.

IV. Cost Accumulation Systems

5

Read text 1, pp. 29-32 Answer text 2 E4-16

4.1 Job Order

4.2 Process

   

4.3 Distinction between Job Order and Process

Prepare financial statements for a manufacturing business based on GAAP.

V. Accounting Cycle for Manufacturing Business (Job Order)

5-8

Read text 1, pp. 32-49;

73-82,

5.1 Analyzing Business Transactions

Read text 2, pp. 149-

 

5.1.1 Source Documents

150

5.2 Journalizing: Flow of Costs in Manufacturing

Answer Text 1: E1-5,1-11,1-13 Text 2:P4-19, 4-20 Mid-term Exam

   

5.2.1 Direct Materials

 

5.2.2 Direct Labor

 

5.2.3

Manufacturing Overhead 5.2.3.1 Overapplied/Underapplied

 

5.3 Posting to General Ledger

8-10

Read text 2, p.150 Answer

5.4 Preparing Trial Balance

5.5 Preparing 10 Columnar Worksheet

Text 1: P1-3 Text 2: P4-23, 4-25.

 

5.5.1

Gathering adjustments data including disposition of over/under-applied overhead (write-off to Cost of Goods Sold)

 

QUIZ 3

Prepare financial statements for a manufacturing business based on GAAP.

5.6 Preparing Financial Statements

11-12

Read text, pp. Answer Text 1: P1-5, 1-6, 1-7, 1-12, 1-13

 

5.6.1 Functional-form Income Statement

 

5.6.2 Report-form Statement of Financial Position

 

5.6.3 Statement of Changes in Equity

 
   

5.6.4 Notes to Financial Statements

QUIZ 4

Prepare individual or group case analysis that applies theories learned in the course.

5.7 Journalizing and Posting Adjusting Entries

5.8 Journalizing and Posting Closing Entries

13-14

Answer Text 2: P4-38, Business Case; Final Exam

5.9 Preparing Post-Closing Trial Balance

5.10 Journalizing and Posting Reversing Entries

REQUIRED TEXTBOOKS:

Text 1: VanDerbeck, E. (2013). Principles of Cost Accounting, 16th edition. Cengage Learning Asia Pte Ltd.

REFERENCES:

Text 2: Horngren, C., Datar, S., and Rajan, M. (2015). Cost Accounting, A Managerial Emphasis, 15 th edition. Pearson Education Inc.

4

Chalmers, K., Fyfe, M., Kieso, D., Kimmel, P., Mitrione, L., Weygandt, J. and Yuen, S. (2010). Accounting, 2 nd edition. John Wiley and Sons Australia, Ltd.

Principles of

Garrison, R.H., Noreen, E.W., and Brewer, P.C. (2013). Managerial Accounting, 13 th edition. McGraw-Hill.

Schneider,

A.,

and

Sollenberger,

H.M.

(2009).

Managerial

Accounting:

Manufacturing

Applications, 4th edition. Cengage Learning Asia Pte Ltd.

and

Service

Valencia, E., and Roxas, G. (2014). Basic Accounting Concepts, Principles, Procedures and Applications, 4 th edition. Valencia Educational Supply.

ONLINE RESOURCE:

Weygandt textbook website: www.wileyplus.com/WileyCDA/Section/Principles-of-Accounting-

2nd-Edition

CLASS POLICIES:

POLICIES SPECIFIC TO THE COURSE:

1. Only students who had obtained at least a 2.0 final grade in ACTBAS3 are qualified to take this course.

2. A total of four (4) long quizzes are required. The minimum quiz score is 50 points per quiz and total of 200 points.

3. The 15% class standing shall consist of the following: 5% attendance/punctuality; 5% assignment notebook; and 5% recitation, seatwork, and good manners and right conduct.

4. The midterm examination may not be departmental and covers topics discussed up to Week 7 or 8, depending upon the discretion of the faculty member.

5. The final examination is departmental and covers the entire course syllabus. This is held for three (3) hours during the Final Examinations Week (Week 14). It involves multiple choice theory questions, problem solving and preparation of financial statements.

6. The guidelines for the written group business case analysis would be given by the faculty member

to the class/class representative at least two weeks before the submission deadline.

7. It is the responsibility of the student to be mindful of his/her absences/tardiness and performance in class.

8. 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.

DEPARTMENT POLICIES:

1. The student should accomplish an application for special final examination if there are conflicts in

the final examination schedule, following the University policies on order of priority.

2. Students must observe office hours and consultation hours/schedule of the faculty member. Students are not allowed inside the Accountancy Department during the following times: (1) Before office hours: Monday to Saturday, before 0800; (2) Lunch break: Monday to Saturday, 1200-1330; (3) After office hours: Monday to Friday, after 1900 and Saturday, after 1400; (4) Grade consultation day; and (5) When no faculty member/staff is around. When inside the Department, students are expected to observe silence, and maintain the cleanliness and orderliness of the room.

3. For concerns regarding the BSA program or the course, students must set an appointment with the Department Vice Chair. For all other inquiries, students may visit the Accountancy Department at Faculty Center. Important announcements will be posted on the Accountancy Department bulletin board.

ACTBAS4 Committee

17/July/2015

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