DOCUMENT:SYLLABUS COURSE CODE: COPIES ISSUED TO:
DATE OF EFFECTIVITY/REVISION: June 2018 COURSE TITLE: Integrated Accounting Fundamentals OAD
QMO
Program Educational Objectives ILO
Within 3 to 5 years after graduation, Accountancy graduates will have: a b c d e f g h i j k
PEO 1 To produce an industrious, trustworthy, and respectful professional accountants who are committed to nation building.
PEO 2 To develop compassionate and resilient accounting professionals who are advocates of societal change.
PEO 3 To mould accounting professionals who are agents of research and innovation in the development of the profession and the
industry.
PEO 4 To prepare students as licensed professional accountants for employment in commerce and industry, public practice,
government and education sectors.
Program Outcomes PEO
At the time of graduation, students should be able to:
1 3 4
2
PO1 Articulate and discuss the latest developments in the specific field of practice through the selection of the proper decision making tools to critically, analytically and creatively solve
problems and drive results confronting financial statement preparers and users, using their knowledge and technical proficiency in the areas of financial accounting and reporting,
cost accounting and management, management accounting, auditing, taxation and accounting information systems.
PO2 Expresses oneself clearly and communicates effectively with stakeholders both in oral and written forms.
PO3 Organize and lead groups to work effectively and independently in multi-disciplinary and multicultural teams to implement business related activities.
PO4 Demonstrate professional corporate citizenship, ethical responsibility, and social responsibility in performing functions as an accountant.
PO5 Preserve and promote “Filipino historical and cultural heritage” (based on RA 7722).
PO6 Identify and describe the basic concepts that underlie each of the functional areas of business (marketing, finance, human resources management, production and operations
management, information technology, and strategic management) and employ these concepts in various business situations.
PO7 Apply information and communication technology (ICT) skills as a business tool in capturing financial and non-financial information, generating reports and making decisions.
PO8 Conduct accounting research through independent studies of relevant literature and appropriate use of accounting theory and methodologies.
PO9 Apply knowledge and skills that will enable them to successfully pass to various types of assessments (including professional licensure and certifications).
Relationship of Learning Outcomes to Program Outcomes Program Outcomes
1 2 3 4 5 6 7 8 9
LO1. Explain the basic accounting principles.
LO2. Analyze business transactions in relation to its effects on the accounting equation.
LO3. Account and prepare the financial statements of a servicing company.
LO4. Account and prepare the financial statements of a merchandising company.
LO5. Account and prepare the financial statement of a manufacturing company.
LO6. Simulate the accounting of a manufacturing company through a practice set.
CLASS POLICIES
1. Students must observe and practice the core values.
2. Students must avoid using their mobile devices, unless deemed necessary, in order to concentrate better in class.
3. Attendance is a must.
4. Any student who violates policy on academic honesty will automatically receive a grade of 0.0. These include cheating and excessive absences.
5. Students must always come prepared to class and are required to bring all necessary books/references and materials with them.
GRADING SYSTEM
Interim Assessments 30%
Major Assessment 30%
Project 30%
Participation 10%
Total 100%
Semestral Grade =50% Midterm PG + 50% Final PG
Grade Attainment of Learning
Score Percentage Description
Point Outcomes
96.00-100 4.00 Excellent Exemplary
91-95.99 3.50 Very Good
Proficient
87-90.99 3.00 Good
84-86.99 2.50 Above Satisfactory Accomplished
81-83.99 2.00 Satisfactory
Emerging
78-80.99 1.50 Fair
75-77.99 1.00 Pass Beginner
1-74.99 R Repeat Deficient
0 F Fail
Dr Dropped officially
Inc Incomplete
Course Title : Integrated Accounting Fundamentals
Course Code :
Pre- Requisites :
Type of Course : Lecture
Course Credits : 6 units
Contact Hours : 6 hours
Course Description :
This course provides an introduction to accounting, within the context of business and business decisions. Students obtain basic understanding of the principles and
concepts of accounting as well as their applicability and relevance in the national context and learn how to use various types of accounting information found in financial
statements and annual reports. Emphasis is placed on understanding the reasons underlying basic accounting concepts and providing students with an adequate
background on the recording, classification, and summarization functions of accounting to enable them to appreciate the varied uses of accounting data for servicing,
merchandising, and manufacturing companies.
Learning Outcomes
At the end of the semester, the following are the outcomes of the course:
LO1. Explain the basic accounting principles.
LO2. Analyze business transactions in relation to its effects on the accounting equation.
LO3. Account and prepare the financial statements of a servicing company.
LO4. Account and prepare the financial statements of a merchandising company.
LO5. Account and prepare the financial statement of a manufacturing company.
LO6. Simulate the accounting of a manufacturing company through a practice set.
Final Course Output
As evidence of attaining the above learning outcomes (LO), the student is required to accomplish and submit the following during the indicated period/dates within the term:
Learning Outcome Required Output Due Date
LO6. Simulate the accounting of a manufacturing company Documentation of the accounting simulation, and
Final Assessment Period
through a practice set. financial statements
Course Content
Week Topic
1 Orientation
1 Introduction to Accounting
1 Accounting Concepts and Principles
1, 2 Analysis of Business Transactions
2 Introduction to Servicing Business
2, 3 Accounting for Service Business
4 Adjusting the Accounts
4 Preparation of the Worksheet
5 Financial Statements- Service Business
6 Closing the Accounts
Reversing Entries
6 Preliminary Assessment
7 Introduction to Merchandising Business
7, 8 Accounting for Merchandising Business
9 Adjusting the Accounts
9 Preparation of the Worksheet
10 Financial Statements- Merchandising Business
11 Closing the Accounts
Reversing Entries
11 Introduction to Manufacturing Business
11, 12 Accounting for Manufacturing Business
12 Mid- term Assessment
13 Accounting for Manufacturing Business, part 2
14 Adjusting the Accounts
14 Preparation of the Worksheet
14, 15 Financial Statements- Manufacturing Business
15 Closing the Accounts
Reversing Entries
16, 17, 18 Practice Set
18 Final Assessment
Learning Plan
Course Outcomes Topic Strategies Student Assessment
Vision- Mission
Understand and learn about the information ILOs Discussion
and polices of _______ POs
CLOs
Introduction to Accounting Discussion
LO1. Explain the basic accounting principles. Article analysis
Accounting Concepts and Principles
LO2. Analyze business transactions in relation Recitation
Discussion
to its effects on the accounting equation. Analysis of Business Transactions Problem Exercises
Problem Solving
Long Quiz
LO3. Account and prepare the financial Introduction to Servicing Business Discussion
statements of a servicing company. Accounting for Service Business Problem Solving Problem Exercises
Adjusting the Accounts Simulation
Preparation of the Worksheet
Financial Statements- Service Business
Closing the Accounts
Reversing Entries
Introduction to Merchandising Business
Accounting for Merchandising Business
LO4. Account and prepare the financial Adjusting the Accounts
Discussion Problem Exercises
statements of a merchandising company. Preparation of the Worksheet
Problem Solving Simulation
Financial Statements- Merchandising Business
Closing the Accounts
Reversing Entries
Introduction to Manufacturing Business
Accounting for Manufacturing Business
LO5. Account and prepare the financial Adjusting the Accounts
Discussion Problem Exercises
statement of a manufacturing company. Preparation of the Worksheet
Problem Solving Simulation
Financial Statements- Manufacturing Business
Closing the Accounts
Reversing Entries
LO6. Simulate the accounting of a
manufacturing company through a practice Presentation and Oral
Practice Set Accounting Simulation
set. Examination of the Output
References
Cabrera, Elenita B. Ledesma, Ester F. & Lupisan, Ma. Concepsion Y. (2015). Fundamentals of Accounting. Vol. 1 2015 ed.
Donleavy, Grabriel (2016). An Introduction to Accounting Theory
Aduana, Nick L. (2015). Financial Statements: Preparation, Presentation, Analysis and Intepretation/ c2015
Cruz- Manuel, Zenaida & Cruz- Manuel, Maribel. (2016). Simplified Accounting for Business
Cruz- Manuel, Zenaida. (2018). 21st Century Accounting Process
