Saint Columban College

Pagadian City

VISION: Persons who are Mature, Competent and Dynamic Believers in the Supreme Being, conscious of their
interdependence and in right relationship with one another and the rest of the creation.
MISSION: We, at Saint Columban College, guided by the gospel values of WISDOM, JUSTICE and CHARITY,
commit ourselves to develop fully the talents, and capabilities of the students through holistic quality
programs, which aim to help them live their faith, attain academic excellence and perform their
responsibilities towards God, society and the rest of the creation.
GOALS: To create a climate that will enable the students to cultivate the values of wisdom, justice, and charity.
To develop students who manifest critical thinking and problem solving skills through scientific
investigation.
To produce technologically skilled graduates who can articulate their thoughts in cohesive and
understandable terms.
To create an atmosphere that deepens the social commitment of students to help improve the quality of
life in their community and the environment.

College of Business Education

Course Number: FinMan 306

Course Title: Financial Controllership
Course Credit: Three (3) units
Pre-requisite/s: ACCTG 101
FinMan 301
FinMan 302
Class Schedule: TF (7:00-8:30 P.M.)
Room: SN 3-3
Instructor: Artchelene D. Pepania, CPA
E-mail:

Course Description:
This course introduces students to the study of accounting techniques, concepts, and
procedures related to the functions and responsibilities of the controller, with consideration of
management reporting systems, planning and controlling functions, cash flow statement, capital
budgeting, internal control and budgetary planning.

Course Goals:

The primary purpose of this class is to develop a deeper understanding of the importance of
Financial Controllership. We aim to cover topics not covered extensively in other required
classes and introduce a few topics covered in electives.

Course Intended Learning Outcomes (CILO): At the end of the term, the student will

1. Explain the key role of a Controller in an organization

2. Differentiate the controller function from other management function
3. Identify risk management practices currently taking place in an organization
4. Prepare a budget

Achieves Excellence | Cultivates a Peaceful Environment | Takes Care of Mother Earth | Serves Humanity
 Course Course Objectives Topic/s Learning Instructional Evaluative
Schedule At the end of every lesson students Activities/Activitie Materials/Resource Measures/Expected
must be able to: s s Output

Week 1  Define financial controllership  Introduction and overview of Financial Lecture/Discussion Textbook Quizzes
(October  Differentiate a financial controller Controllership Interactive Handouts
23-28, from other employees. Learning
2017)

Week 2  All Saints Day  Goals of Financial Controllership Lecture/Discussion Textbook Quizzes
(October  All Souls Day  Role of Controller Interactive Handouts
30-  Explain the goals of financial  Finance and Treasury Responsibilities Learning
November controllership
3, 2017)  Identify the difference between a
financial controller from other
employee in term of level of
responsibility.
Week 3  Prepare a statement of Financial  Preparation and Interpretation of the Lecture/Discussion Textbook Quizzes
(November Position Statement of Financial Position Interactive Handouts
6-10, 2017)  Interpret the Statement of Financial Learning
Position
Week 4  Prepare a Statement of Financial  Preparation and Interpretation of Lecture/Discussion Textbook Quizzes
(November Performance Statement of Financial Performance Interactive Handouts
13-17,  Interpret the Statement of Financial Learning
2017) Performance
Week 5  Identify the transactions to be included in  Statement of Cash flow Lecture/Discussion Textbook Quizzes
(November the statement of cash flow. - Introduction Interactive Handouts
20-24,  Classify the transactions according to - 3 major cash flow activities Learning
2017) the 3 major cash flow activities - Direct approach of preparing
 Prepare a cash flow statement (direct the cash flow statement
approach) - Interpretation of the cash flow
 Interpret the cash flow statement statement ( direct approach)
 Foundation Day (November 23)

Achieves Excellence | Cultivates a Peaceful Environment | Takes Care of Mother Earth | Serves Humanity
 Week 6  Determine the non-cash activities  Statement of Cash flow Lecture/Discussion Textbook Quizzes
(November  Prepare a cash flow statement (indirect - Non-cash activities Interactive Handouts
27- approach) - Indirect approach of preparing Learning
December  Interpret the cash flow statement the cash flow statement
1, 2017)  Identify the difference of the two - Interpretation of the cash flow
approach in preparing the statement of statement ( indirect approach)
cash flow
Week 7  Immaculate Conception - Dec 08  Unified Exams (Dec 4-5)
(December  Preliminary Examination Week  Major Subject Exam (Dec 7)
4-8, 2017)

Week 8  Preliminary Examination  Major Subject Exam (Dec12)

(December  Christmas Outreach at Upper Sibatang
11-15,  Employees Retreat
2017)

Week 9  Christmas Day—Dec 25

(December
25-29,
2017)

Week 10  New Year

(January 1-
5, 2018)

Week  Resumption of Classes- Jan 8 (Mon)  Ethical Duties of a Controller Lecture/Discussion Textbook Quizzes
11(January - Introduction Interactive Handouts
8-12, 2018)  Explain the importance of ethics for - Professional Competence Learning
professionals - Due Care
 Identify and explain each ethical duties - Objectivity
of a controller - Integrity

Week 12  Classify the cost incurred in business  Cost behavior Lecture/Discussion Textbook Quizzes
(January operation  Cost Classification Interactive Handouts

Achieves Excellence | Cultivates a Peaceful Environment | Takes Care of Mother Earth | Serves Humanity
 15-19,  Segregate the cost (fixed or variable)  Cost Segregation Techniques Learning
2018) - High-Low
- Scattergraph
- Least Square

Week 13  Midterm Examination  Unified Exam January 23&25

(Jan 22-26,
2018)

Week 14 Lecture/Discussion Textbook Quizzes

(January 29  Identify several areas in applying  Capital Budgeting Interactive Handouts
– February capital budgeting; - Investment Decision Learning
2, 2018)

Week 15  Identify the variables included in the  Capital Budgeting Lecture/Discussion Textbook Quizzes
(February 5 determination of net cost of investment - Cost of Investment Interactive Handouts
- 9, 2018)  Compute the net cost of investment - Cost of Capital Learning
 Appreciate the importance of knowing
the cost of investment by giving an
example wherein they can apply their
new knowledge.
 Explain the marginal cost of capital and
the weighted cost of capital;
 Compute the marginal cost of capital
and the weighted cost of capital;
Week 16  Net Cash flow Lecture/Discussion Textbook Quizzes
(February  Compute traditional and discounted  Time Value of Money Interactive Handouts
12-16, methods of evaluating project proposals  Discounted Cash Flow Learning
2018)  Explain the time value of money and the
use of present value tales for capital
budgeting purposes
 Compute the present value and future
value of the investment.

Achieves Excellence | Cultivates a Peaceful Environment | Takes Care of Mother Earth | Serves Humanity
 Week 17  Prefinal Examination Lecture/Discussion Textbook Quizzes
(Feb 19-23,  TABO 2018 Budgetary Planning Interactive Handouts
2018)  Describe how and why organizations - Role of Budgets Learning
use budgets - Benefits of Budgeting
 Determine potential behavioral issues - Behavioral effects of
to consider when implementing a Budgets
budget

Week 18  Cebu Educational Tour

(February
26 – March
2, 2018)

Week 19  Describe the major components of the - Components of the Master Lecture/Discussion Textbook Quizzes
(March 5-9, Master Budget and their relationship Budget Interactive Handouts
2018)  Prepare the following components of - Preparing the Operating Learning
the Master Budget: Budgets
- Preparing the Operating - Preparing the Production
Budgets Budget
- Preparing the Production - Raw Materials Purchase
Budget Budget
- Raw Materials Purchase - Direct Labor Budget
Budget - Manufacturing Overhead
- Direct Labor Budget Budget
- Manufacturing Overhead
Budget

Achieves Excellence | Cultivates a Peaceful Environment | Takes Care of Mother Earth | Serves Humanity
Week 20  Final Examination Week - Unified Examination
(March 12 – - Major Subjects Examination
16, 2018)

Achieves Excellence | Cultivates a Peaceful Environment | Takes Care of Mother Earth | Serves Humanity
Teaching Strategies:

Every class has a unique teaching strategy applicable to the lesson for the day.
Generally, students should participate in individual and group activities such as graded
recitations, board works, and group study and reports. The teacher is also expected to have his
introduction of the objectives and topics of the day.

Assessment:

Varied evaluation strategies will be utilized to document learning achieved in this course.
One hundred percent (100%) is the highest point one can earn based on the following
Parameters:

Class Attendance/ Assignment - 20%

Quizzes/Oral presentation - 40%
Major Examination - 40%

Grading System:

Grades will be allocated based on the percentage earned:

1.0 = 97-99 Excellent

1.25 = 94-96 Superior
1.5 = 91-93 Very good
1.75 = 88-90 Very good
2.0 = 85-87 Good
2.25 = 82-84 Good
2.5 = 79-81 Fair
2.75 = 76-78 Fair
3.0 = 73-75 Passing
5.0 = 68-72 Failed

On class requirement:

1. Students should participate during the classroom discussion

2. Students are encouraged to secure a copy of the reference book.

On Attendance

In every meeting, the teacher will check attendance by letting the students sign their
attendance sheet. Absences without prior notification (written or oral) to the teacher will not be
considered excused. In emergency cases, medical certificates may be presented for students
admitted to hospitals to be excused

Achieves Excellence | Cultivates a Peaceful Environment | Takes Care of Mother Earth | Serves Humanity
Other Concerns

Consultation period will be every Wednesday in the faculty office or any rooms in school
premises. The teacher’s contact information will be given in case of immediate and important
notification and consultation.

Textbooks and References:

Agamata, F. T. (2015). Management advisory services. Davao City:Certs Publications

Whitecotton, S., Libby,R., Phillips,F. (2014). Managerial Accounting 2nd

Edition.McGraw-Hill

Warren, (2016). Financial and managerial Accounting 13e. Boston, MA 02210, USA:Cengage
Learning.

Prepared by:

Artchelene D. Pepania, CPA

CBE Instructor

Reviewed by:

Mrs. Susan M. Ramirez

CBE Dean

Achieves Excellence | Cultivates a Peaceful Environment | Takes Care of Mother Earth | Serves Humanity