San Beda College Alabang: College of Arts and Sciences (Name of The) Department

San Beda College Alabang
College of Arts and Sciences

(NAME OF THE)
DEPARTMENT
COURSE CODE COURSE TITLE UNITS
ACEFIAR Financial Accounting and Reporting 3
This course provides an introduction to accounting within the context of business and
business decisions. It provides the students with knowledge on the principles and
concepts of accounting and its applications, that will enable them to appreciate the
production of accounting data. Emphasis is given on providing the students with
understanding of the reasons underlying basic accounting concepts, and adequate
background on the recording of transactions, classifications of accounts, and
COURSE DESCRIPTION
reporting function of accounting in service and trading concerns through the
preparation of Statement of Financial Position, Income Statement, Statement of
Changes in Equity, and Cash Flow Statement. Exposure to recording and reporting of
transactions for service or trading firm through the use of practice set, using either
manual or computerized system, will be a requirement in this course.
COURSE CODE COURSE TITLE

PREREQUISITE None
PHILOSOPHY
Catholic Christian in Principle, Benedictine in Orientation and Filipino in Character.
CORE VALUES
Prayer, Work, Peace, Community, Service, Excellence
VISION STATEMENT
To be a leading Catholic Christian educational institution committed to the holistic formation of persons who excel in
their respective endeavors and are guided by the Benedictine principles of Prayer, Work and Peace.
MISSION STATEMENT
To provide excellent and responsive programs and services a, adopt empowering management systems b and build a
learning, caring, and praying community guided by the teachings of St. Benedict and the example of St. Bede c.
LEARNING PLAN:
WEEK LESSON/TOPIC LEARNING OUTCOME STRATEGY/METHODOLOGY/ ASSESSMENT OF LEARNING

ACTIVITIES OUTCOME
1 Classroom policies;  Identify and comply with  Sharing of expectations  Question and answer on the
(3 hrs) Introduction to the the policies in Financial both from teacher and initial discussion
course Accounting and Reporting students
 Lecture / Discussion
2 A. The Environment of  Differentiate the types and  Students should be able to
(3 hrs) Accounting forms of business  Lecture / Discussion categorize businesses according
1) Objectives of organizations and business  Group games to type, form, business
business activities activities
2) Types of business  Categorize business
organizations stakeholders  Students should be able to
3) Legal forms of  Explain the significance of differentiate the stakeholders
business organizations taxes in accounting of a business
4) Categories of
business activities
5) Business
stakeholders
6) Taxes
7) Interest rates
3–4 B. The Role of  Discuss the objective of  Lecture / Discussion  Quizzes / Seatwork on the
(6 hrs) Accounting in Business accounting and  Short cases that will topics
1) Objective of professional values and highlight the role of
accounting ethics of accountants accounting in business
2) Types of accounting  Differentiate the types of and professional values
information accounting information of accountants
3) Professional values  Distinguish bookkeeping
and Ethics of from accounting
Accountants  Solve problems involving
4) Relationship of accounting equation
Bookkeeping and
Accounting
5) The Accounting
Equation
5–6 C. The Financial  Construct Financial  Problem-solving on  Students should be able to

(6 hrs) Statements Statements building up of data to construct financial statements
1) General-Purpose come up with the firm’s with proper titles, accounts and
Financial Statements financial statements balances
2) Elements of Financial
Statements
3) Statement of
Financial Position
4) Statement of
Comprehensive Income
or Income Statements
5) Statement of Cash
Flows
6) Statement of
Changes in Equity
7–8 D. An Introduction to  Design a simple  Group work on designing  The Accounting Information
(6 hrs) Accounting Accounting Information accounting information System upon testing, should be
Information System System system able to produce the desired
1) Essential elements of financial information the will be
an AIS useful for decision-making
2) Features of an
effective AIS
3) Structure of an AIS
4) Computerized AIS
5) Responsibiity for
designing and installing
AIS
6) Basic tools and
processes comprising
the AIS (Source
documents, The
Account and its
analysis; Chart of
Accounts; Debit and
Credit entries; Double-
entry accounting;
Journalization; The
General Journal and
Special Journals; The
General Ledger and
Subsidiary Ledgers)
9 MIDTERM EXAMINATION
10 – 12 E. Accounting for  Solve problems involving  Short cases involving  Quizzes / Seatwork on the topics
(9 hrs) Service Enterprise the accounting cycle accounting for service
1) The Accounting Cycle enterprises
2) Adjusting Entries
13 – 14 F. Accounting for  Solve problems involving  Short cases involving  Quizzes / Seatwork on the topics
(6 hrs) Merchandising accounting for accounting for
Operations merchandising operations merchandising
1) Accounting for operations
Merchandising Business
using Perpetual
Inventory System
2) Accounting for
Merchandising Business
using Periodic
Inventory System
3) Accounting for
Value-Added Tax
15 – 16 G. Understanding the  Appraise the liquidity and  Problem-solving on the  Students should be able to assess
(6 hrs) Financial Statements profitability of firms measurement of the the liquidity and profitability of
1) Measures of liquidity and profitability the firm
Liquidity and of firms
Profitabiity
17 H. Contemporary  Discuss the contemporary  Submission of research  Students should be able to submit
(3 hrs) Developments in developments in on the contemporary relevant contemporary issues
Accounting Accounting issues affecting the in accountancy
accountancy profession
18 FINAL EXAMINATION
SUGGESTED LEARNING RESOURCES
Cabrera, Ma. Elenita Balatbat and Cabrera, Gilbert Anthony B. (2018). Financial Accounting and Reporting. Manila: GIC Enterprises
& Co., Inc.
Bain, Craig (2017). Wiley CPAexcel Exam Review Study Guide. Hoboken, New Jersey: John Wiley & Sons, Inc.
Edmonds, Thomas P. (2016). Fundamental Financial Accounting Concepts. New York: McGraw-Hill Education
Valix, Conrado T. (2016). Financial Accounting. Manila: GIC Enterprises & Co., Inc,
Wild, John J. (2017). Financial Accounting: Information for Decision. New York, NY: McGraw-Hill Education
Academic Performance Evaluation System

Grading System:
Midterm Finals
Class Standing 60% Class Standing 50%

Midterm Exam 40% Midterm Exam 20%
Final Exam 30%
INSTRUCTIONAL MATERIALS :
1. Audio-visual presentation (E.g. Power point)
2. Portfolio
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San Beda College Alabang

College of Arts and Sciences

COURSE CODE COURSE TITLE

WEEK LESSON/TOPIC LEARNING OUTCOME STRATEGY/METHODOLOGY/ ASSESSMENT OF LEARNING

5–6 C. The Financial  Construct Financial  Problem-solving on  Students should be able to

SUGGESTED LEARNING RESOURCES

Academic Performance Evaluation System

Class Standing 60% Class Standing 50%

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