Course Outline - BAIACC3X - MANAYAO

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COURSE OUTLINE INTERMEDIATE ACCOUNTING 2
DOCUMENT NO.: COL-CO-001 SUPERSEDES:

ISSUED TO: (COPIES)
DATE OF EFFECTIVITY: 1 AUGUST 2020 DATED: NONE
QMO – Quality Management Office
VPAA’s Office
This is a controlled document. Photocopying or printing of this document, without the Dean’s Office
controlled mark, shall make this document an uncontrolled copy. Humanities and Social Science
Department
Philosophy and Logic Students
COURSE NAME: INTERMDIATE ACCOUNTING 3
COURSE CODE: BAIACC3X
SCHEDULE/ROOM: TF / 8:00-12:00NN
NAME OF FACULTY: MICHAEL ANGELO M. MANAYAO, CPA, MBA

Department of Accountancy
CONSULTATION PERIOD:
Faculty Center, 3F Main Building, SM BALIWAG
COURSE DESCRIPTION
This course will introduce the concepts of liabilities, shareholder’s equity and some special
topics. It will specifically discuss the application of accounting standards on financial and non-
financial liabilities, shareholder’s equity and special topics on leases, income taxes and
employee benefits.
COURSE LEARNING OUTCOMES

At the end of this course, the student will be able to:
1. Recognize, measure, and present financial assets and financial liabilities in accordance
with applicable PFRS
2. Describe the principles and standards underlying the recognition, measurement,
presentation, and disclosure requirements of the assets in statement of financial position.
3. Employ technology as a business tool in capturing financial and non – financial information,
preparing reports and making decisions.
4. Apply acquired knowledge and skills to pass professional licensure / certification
examinations.
COURSE OUTLINE AND TIMEFRAME
WEEK TOPIC
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Introduction to the Course

Classroom Rules
1 National University Mission, Vision, and Core Values
Course Requirements
Topic 1: Employee Benefits (PAS 19)

1. Definition and nature of Employee Benefits
2. Types of employee benefits
- Short term employee benefits
- Post-employment benefits
- Other long -term employment benefits
- Termination benefits
3. Post-employment benefits
- Defined contribution plan
2-3 - Defined benefit plans
4. Financial statement presentation
- Retirement Benefit Expense
- Net actuarial gain or losses due to remeasurement of defined
benefit liability
- Defined benefit liability (asset)
- Cumulative balance of remeasurement of defined benefit liability
5. Recoverability of the defined benefit asset
6. Disclosure requirements
Topic 2: Shareholders’ Equity (PAS 1, PAS 32 and PFRS 7)
1. Definition of Shareholder’s Equity

2. Presentation of Shareholder’s equity in the statement of financial position
3. Share Capital Transactions
a. Nature, recognition, and measurement
b. Issuance and retirement of preference and ordinary shares
4-6 c. Share split, treasury shares and other equity transactions (stock
rights, warrants, options and etc.)
4. Dividends (IFRIC17)
a. Forms of dividends
b. Allocation of cash dividends between preference and ordinary shares
5. Retained Earnings
a. Appropriation of Retained Earnings
b. Correction of prior period errors
c. Cumulative effect of change in accounting policy
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d. Quasi-reorganization
6. Book Value per share
7. Disclosure requirements
7 MIDTERM EXAM
Topic 3: Financial Statements Preparation (PAS 1)
1. The complete set of financial statements

8-10 2. General features
3. The statement of financial position
4. The statement of profit or loss and other comprehensive income
5. The statement of changes in equity
6. Classification of cash flows
Topic 4:: Non-current Assets Held for Sale (PFRS 5)

11 1. Classification as Held for sale
2. Measurement
3. Discontinued operations
4. Presentation
Topic 5:: Notes to Financial Statements (PAS 1, PAS 8, PAS 34 and PFRS 8)
11-12 A. Accounting policies, Accounting estimates and Errors

B. Events after the reporting period
C. Related parties
D. Operating segments
13 FINAL EXAM
SUGGESTED READINGS AND REFERENCES

[1] Valix, Conrado T., Intermediate Accounting 2, 2022
[2] Valix, Conrado T., Intermediate Accounting 3, 2022
COURSE REQUIREMENTS
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Aside from major exams and performance tasks, students are required to do the following tasks:
 Read assigned text and other learning materials, including modules;
 Regular punctual attendance in online class (synchronous) and in submission of
requirements.
 Attain Standard Passing (80%) for assigned tasks such as, quizzes, major exams, class
activities, reflective papers, projects, etc.; and
 Active participation in offline activities (asynchronous) to achieve the Learning Outcomes.
GRADING SYSTEM
The student will be graded according to the following breakdown:
FINAL GRADE
GRADE ALLOCATION PER TERM DISTRIBUTION
Per Term Distribution
Participation 30%
(Activity/Assessment) Midterms 40%
Quizzes 30%
Major Exam 40% Finals 60%
TOTAL 100% TOTAL 100%
National University uses the following academic grading system:
Numerical Grade Equivalent Remarks Descriptive Equivalent

4.00 96 - 100 R Repeat
3.50 90 - 95 Failure
3.00 84 – 89 0.00 Cheating
2.50 78 - 83 Excessive Absences
2.00 72 -77 Dr Dropped
1.50 66 - 71
Inc Incomplete
1.00 60 - 65
CLASS POLICIES
1. Familiarize yourself with the organization of remote class, including the terminologies, tools,
and the primary platform to be used.
2. Be aware that activities for RAL are stated in the course syllabus or course outline.
3. Access MS Teams and download all available course materials.
4. Communicate with your instructor regularly. Be as responsive as possible.
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5. Notify your instructor in case there is difficulty in accessing course materials.

6. Inform your instructor if there is something vague, preferably after initially consulting with a
classmate or 2.
7. Set a regular study time for each course. Make sure to follow the suggested weekly course
materials.
8. Have an active presence in discussions by responding to posts. Avoid short, generic replies
such as, “I agree.” It should include why you agree or should add to the previous point.
9. Maximize opportunities to learn with classmates through group assignments, peer review,
collaborative documents, and more.
10. Observe virtual class (or office) hours. While you may post your questions at any time of the
day, expect a delay in the response after the defined virtual class or office hours.
11. Know that the provisions in the Student Handbook and other University policies concerning
you will remain in effect unless suspended by the Academic Council or by the President.
PREPARED BY: REVIEWED BY: NOTED BY: NOTED BY: APPROVED BY:
Michael Angelo Jomar V. Villena, Francis Allan Arriane Jayson Raymund

M. Manayao, CPA, MBA C. Bernales, Espino, RL Bermudez, MIST
CPA, MBA Program Chair, BSA MBA Librarian Academic
Faculty Dean, CABM Director

Course Outline - BAIACC3X - MANAYAO

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DOCUMENT: SUBJECT:

DOCUMENT NO.: COL-CO-001 SUPERSEDES:

COURSE NAME: INTERMDIATE ACCOUNTING 3

COURSE CODE: BAIACC3X

NAME OF FACULTY: MICHAEL ANGELO M. MANAYAO, CPA, MBA

COURSE LEARNING OUTCOMES

COURSE OUTLINE AND TIMEFRAME

DOCUMENT NO.: COL-CO-001 SUPERSEDES:

Introduction to the Course

Topic 1: Employee Benefits (PAS 19)

Topic 2: Shareholders’ Equity (PAS 1, PAS 32 and PFRS 7)

1. Definition of Shareholder’s Equity

DOCUMENT NO.: COL-CO-001 SUPERSEDES:

Topic 3: Financial Statements Preparation (PAS 1)

1. The complete set of financial statements

Topic 4:: Non-current Assets Held for Sale (PFRS 5)

11-12 A. Accounting policies, Accounting estimates and Errors

SUGGESTED READINGS AND REFERENCES

DOCUMENT NO.: COL-CO-001 SUPERSEDES:

Numerical Grade Equivalent Remarks Descriptive Equivalent

DOCUMENT NO.: COL-CO-001 SUPERSEDES:

5. Notify your instructor in case there is difficulty in accessing course materials.

Michael Angelo Jomar V. Villena, Francis Allan Arriane Jayson Raymund

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