INTERACC 1 AY 19-20 OBE SYLLABI Revised Numbering Only 082019

ANGELES UNIVERSITY FOUNDATION
Angeles City
College of Business and Accountancy
COURSE SYLLABUS
Vision : Angeles University Foundation envisions to emerge as a center for excellence in instruction, research and community
extension services in the region and in the global community.
Mission : The University is committed to the “total development of man for God and humanity.”
Core Values : To be Mabuti (Inner Goodness), Magaling (Excellence) at may Malasakit sa Kapwa (Genuine Concern for Others).
Course Code : INTERACC1
Course Title : INTERMEDIATE ACCOUNTING 1
Course Type : Lecture
Credit Units : 3 Units
Contact Hours : 54 Hours
Pre-requisites : FINACCREP, ESPACOAC
Course Description: This course is a practical application of concepts and principle covering asset accounts. It covers the following topics: cash, receivables,
inventories, investments, plant, property & equipment, intangibles, and other assets. The related internal control, ethical issues, and management of such assets
are also covered.
AUF-SYL-CBA/ACCTG-115
July 8, 2019
Description of Terminal Requirements/Outcomes: (End of Semester)
At the end of the course, the students are expected to be well versed on applying the generally accepted accounting principles in recognition, measurement,
presentation and disclosure requirements of various asset accounts thru solving problems.
Course Learning Outcomes versus Program Learning Outcomes mapping table
Hours/
Topic CLO Teaching/Learning Activities Assessment Tools
Weeks
1. Cash and Cash Equivalents, 5 hours • Account for cash and cash • Lecture/Discussion • Quiz on the topic
Bank Reconciliation, Proof of equivalents thru exercises and case • Recitation
Cash problems • Boardwork
• Account for petty cash funds and
cash shortages/overages.
• Prepare a bank reconciliation
statement and proof of cash.
• Record journal entries affecting the
bank reconciliation statement and
proof of cash
2. Receivables 5 hours • Record journal entries to record sales, • Lecture/Discussion • Quiz on the topic
2.1 Accounts Receivable receivables and bad debts. • Recitation
2.2 Estimation of Doubtful • Compute doubtful accounts, using the • Boardwork
Accounts aging of receivables, percentage of
2.3 Notes Receivable accounts receivable and percentage
2.4 Loan Receivable of sales.
2.5 Receivable Financing • Solve exercises relating to recognition
and measurement of receivables
• Compute for present value factors
and apply accordingly in accounting
for long term receivables
• Prepare amortization tables
• Compute for the effective interest rate
• Account for the impairment of
July 8, 2019
receivables
3. Inventories and Inventory 5 hours • Compute total inventory acquisition • Lecture/Discussion • Quiz on the topic
Estimation cost. • Recitation
3.1 Inventories • Compute ending inventories and cost • Boardwork
3.2 Inventory Cost Flow of goods sold using the different
3.3 Lower of Cost and Net inventory estimation methods.
Realizable Value • Account for inventory-writedown and
3.4Gross Profit Method the reversal thereof
3.5Retail Inventory Method
PRELIMINARY EXAMINATION (3 hours)

4 Investments 12 • Compute excess of cost over carrying • Lecture/Discussion • Quiz on the topic
4.1 Financial Asset at Fair hours amount and excess of net fair value • Recitation
Value over cost • Boardwork
4.2 Investment in Equity • Compute for the amortization of bond
Securities discount or premium and applied the
4.3 Investment in Associate methods for amortization.
4.4 Financial Asset at • Compute for other investment and
Amortized Cost cash surrender value
4.5 Effective Interest Method • Account for investments in equity
4.6 Investment Property securities
4.7Fund and other Investments • Account for investments in debt
4.8Derivatives securities
• Account for regular way of purchase
or sale of financial assets
• Account for reclassification of
financial assets
• Account for the impairment of
financial assets measured at FVOCI
• Account for dividends received from
investments
• Account for stock rights
• Account for derivatives
• Account for the investor’s share in
July 8, 2019
results of operations of an associate
• Compute for the cost investment
property under the fair value model
• Account for transfers to and from the
investment property classification
5 Biological Assets 3 hour • Account for initial and subsequent • Lecture/Discussion • Quiz on the topic
measurement of biological assets and • Recitation
agricultural produce • Boardwork
• Account for government grants that
are within the scope of PAS 41
MIDTERM EXAMINATION (3 hours)
6 Plant, Property and Equipment 10 • Solve exercises on the determination • Lecture/Discussion • Quiz on the topic
hours of cost of property, plant and • Recitation
equipment upon initial recognition and • Boardwork
measurement
• Solve exercises in accounting for the
cost to be recognized as part of the
property, plant and equipment on
subsequent measurement
• Compute depreciation of PPE under
various depreciation method
• Account for the revaluation of PPE
• Account for the cost of exploration
and evaluation of mineral resources
• Account for the depletion of a natural
resources
• Account for government grants
• Solve exercises on impairment and
reversal thereof
7 Intangibles and Other Assets 5 hours • Solve exercises and case problems • Lecture/Discussion • Quiz on the topic
on initial recognition and • Recitation
measurement of intangible assets • Boardwork
• Account for subsequent measurement
of intangible assets
July 8, 2019
• Solve exercises on impairment and
reversal thereof
FINAL EXAMINATION (3 hours)
Textbooks/References:
TITLE OF THE BOOK AUTHOR YEAR PUBLISHER

PUBLISHED
1. Financial Accounting Vol. 1 Part 1 Valix, Conrado T. et. Al 2019 GIC Enterprises
2. Financial Accounting Vol. 1 Part 2 Valix, Conrado T. et. Al 2019 GIC Enterprises
Online Resources:
Accounting Standards and International Portfolio Holdings. Retrieved on June 28, 2019 from
http://web.b.ebscohost.com/ehost/detail/detail?vid=90&sid=b7a3b03a-c341-46ca-9636-
0f7097a35c1b%40sessionmgr113&hid=106&bdata=JnNpdGU9ZWhvc3QtbGl2ZQ%3d%3d#db=buh&AN=98042087
Are International Financial Reporting Standards–Based and U.S. GAAP–Based Accounting Amounts Comparable? Evidence From U.S. ADRs. Retrieved
on June 28, 2019 from http://web.b.ebscohost.com/ehost/detail/detail?vid=82&sid=b7a3b03a-c341-46ca-9636-
Financial Accounting Practices Among Small Enterprises: Issues and Challenges. Retrieved on June 28, 2019 from
Now That Pension Plan Financials Have Been Released... Retrieved on June 28, 2019 from
July 8, 2019
Sachiko Corporation: A Case in International FinancialStatement Analysis. Retrieved on June 28, 2019 from
The Adoption of Internationally Recognized Accounting Standards: Implications for the Credit Markets. Retrieved on June 28, 2019 from
THE FUTURE OF FINANCIAL REPORTING. Retrieved on June 28, 2019 from
THE IMPACT OF IFRS ADOPTION DURING THE 2008 FINANCIAL CRISIS ON THE RELATIONSHIP BETWEEN YIELD
AND ACCOUNTING VARIABLES. Retrieved on October 29, 20 June 28, 2019 from
The Saga of Restating Financials. Retrieved on June 28, 2019 from http://web.b.ebscohost.com/ehost/detail/detail?vid=93&sid=b7a3b03a-c341-46ca-9636-
Journals:
Accounting Research Journal: EmeraldInsight

American Accounting Association – Journal of International Accounting Research
Journal of Accountancy
Journal of Accounting and Economics - Elsevier
Journal of Accounting Education – ScienceDirect.com
Journal of Accounting Research – Wiley Online Library
July 8, 2019
Journal of Accounting, Auditing & Finance
The Accounting Review – American Accounting Association
The International Journal of Accounting – Elsevier
July 8, 2019

INTERACC 1 AY 19-20 OBE SYLLABI Revised Numbering Only 082019

Caricato da

Informazioni sul documento

Titolo originale

Copyright

Formati disponibili

Condividi questo documento

Condividi o incorpora il documento

Opzioni di condivisione

Hai trovato utile questo documento?

Questo contenuto è inappropriato?

Copyright:

Formati disponibili

INTERACC 1 AY 19-20 OBE SYLLABI Revised Numbering Only 082019

Caricato da

Copyright:

Formati disponibili

ANGELES UNIVERSITY FOUNDATION

Course Code : INTERACC1

Course Title : INTERMEDIATE ACCOUNTING 1

Course Type : Lecture

Credit Units : 3 Units

Contact Hours : 54 Hours

Pre-requisites : FINACCREP, ESPACOAC

Course Learning Outcomes versus Program Learning Outcomes mapping table

PRELIMINARY EXAMINATION (3 hours)

TITLE OF THE BOOK AUTHOR YEAR PUBLISHER

THE FUTURE OF FINANCIAL REPORTING. Retrieved on June 28, 2019 from

Accounting Research Journal: EmeraldInsight

Potrebbero piacerti anche