Documente Academic
Documente Profesional
Documente Cultură
Participation
5ritten summary
Guestion H answer
;earning statements
4 | P a g e
syllabus.
'iscussion of the content of the syllabus for
the purpose of clarification.
E(plore course structure, sequencing of
subject matter.
'iscussion on the course requirements and
grading.
Unit % Accountin" for A"ency ransactions
At the end of the chapter, students should be able
to)
*. 9ontrast between a sales agency and a
branch.
,. Account for sales agency when agency net
income is)
determined separately
not determined separately
A. ales Agencies
Introduction of 9oncepts
Accounting Process
Bournal Entries
'etermination of Agency 8et
Income
;ecture&discussion
0oardworks
Problem olving E(ercises
$ecitation
Pre&tests
9lass Participation
Assignments
eatworks
Practice Tests
9EE: 0 and & ; + hours
Unit %% Accountin" for Branch 5perations
At the end of the chapter, students should be able
to)
*. $ecord transactions between the home office
and the branch.
,. Prepare separate financial statements of the
branch and home office.
.. Prepare combined financial statements for
0. 0ranches
Introduction of 9oncepts
Accounting Process
Bournal Entries
eparate #inancial tatements
9ombined #inancial tatements
$econciliation of $eciprocal
;ecture&discussion
0oardworks
Problem olving E(ercises
Accounting 9ase) 5hy 9ompa&
Pre&tests
9lass Participation
Assignments
eatworks
5 | P a g e
home office and branch.
/. $econcile home office and branch accounts
!reciprocal accounts".
Accounts nies 6ave Agencies and 0ran&
ches
Practice Tests
?nit Tests
9EE: <1 5 and + ; = hours
Unit %%% Special $ro,lems in 8ome 5ffice and
Branch Accountin"
At the end of the chapter, students should be able
to)
*. $ecord the transactions involving shipments of
merchandise billed above costs from the home
office to branch.
,. Prepare entries to record the inter branch
transfer of cash and merchandise
.. 'etermine the branch true net income or loss
/. 'evelop a working paper for consolidation of
accounts of the home office and branch.
1. To prepare the combined income statement
and statement of financial position for home
office and branch
A. pecial Problems
Interbranch transactions
involving
transfer of cash and merchandise
0ranch billing at amounts other
than cost
#reight costs on shipments
0ranch e(pense allocation
0ranch true income
9ombined income statement
;ecture&discussion
0oardworks
Problem olving E(ercises
Accounting 9ase) 6ow the 6ome
7ffice and 0ranches 5ork
Together
Pre&tests
9lass Participation
Assignments
eatworks
Practice Tests
?nit Tests
9EE: >1 ? and = ; = hours
Unit %@ Accountin" for %nstallment Sales
At the end of the chapter, the students will be able
to)
*. 'iscuss and e(plain the nature, characteristics
and operations of installment sales.
,. E(plain and apply the methods of recogni-ing
gross profit on installment sales.
.. Apply the accounting procedures governing
A. 8ature and 9haracteristics
Introduction of 9oncepts
Accounting Process
Bournal Entries
0. %ross Profit 9omputation
9. Accounting Procedures
;ecture&discussion
0oardworks
Problem olving E(ercises
Pre&tests
9lass Participation
Assignments
eatworks
6 | P a g e
installment sales for)
ale of personal property
ale of real estate property
Trade&ins
$epossessions
Interest computation using annuity
method
/. Prepare the financial statements of entities
whose activities involved in selling items on
installment
ale of personal property
ale of real estate property
Trade&ins
$epossessions
Interest computation using
annuity
4ethod
'. #inancial tatement Preparation
Accounting 9ase) 9ompanies
using Installment ales 4ethod
!e.g. Appliance tores"
Practice Tests
?nit Tests
9EE: 1* -%DE#- EAA-%NA%5NS
9EE: 11 ; & hours
Unit @ Accountin" for Consi"nment Sales
At the end of the chapter, the student will be able
to)
*. 'iscuss and e(plain the nature, characteristics
and operation of consignment sales.
,. Identify and calculate for consigned goods in
the books of the)
9onsignor
9onsignee
.. 'etermine consignment income under)
9ompleted consignment
?ncompleted consignment
/. Prepare financial statements from the viewpoint
of the consignor.
A. 8ature and 9haracteristics
Introduction of 9oncepts
9onsignor and 9onsignee
Accounting Process under both
9onsignee and 9onsignor<s books
Bournal Entries under both
9onsignee and 9onsignor<s books
0. 'etermination of 9onsignment Income
9ompleted consignment
?ncompleted consignment
9. #inancial tatement Preparation under
viewpoint of 9onsignor
;ecture&discussion
0oardworks
Problem olving E(ercises
Accounting 9ase) 6ow 9onsign&
ment 5orks
Pre&tests
9lass Participation
Assignments
eatworks
Practice Tests
?nit Tests
9ee7 10 and 1& ; + hours
Unit @% Accountin" for /on" erm Construction
7 | P a g e
Contracts
At the end of the chapter, the student will be able
to)
*. 'iscuss and e(plain the nature, characteristics
and operation of long term construction
contracts.
,. 'etermine the gross profit on long term
construction contracts using)
Percentage of completion method
9ost recovery or -ero&profit method
.. Account for long term construction contracts for
revision of estimate and change order
A. 8ature and 9haracteristics
Introduction of 9oncepts
Accounting Process
Bournal Entries
0. Accounting 4ethods
Percentage of completion
method
9ost recovery or -ero&profit
method
%ross Profit 4ethod
9. Accounting Procedures
$evision of estimates
9hange order
;ecture&discussion
0oardworks
Problem olving E(ercises
Accounting 9ase) 5hat 4ethod
'o 9onstruction 9ompanies
9ommonly ?seK
Pre&tests
9lass Participation
Assignments
eatworks
Practice Tests
?nit Tests
9EE: 1< and 15 ; + hours
Unit @%% Accountin" for !inancially Distressed
Corporations
At the end of the chapter, the students would be
able to)
*. 'iscuss and e(plain the terms, nature and
characteristics of insolvency.
,. Enumerate and e(plain the remedies available
for relief of debtor.
.. ?nderstand the concepts behind and compute
for the rates of estimated payment and
deficiency to unsecured creditors.
/. Prepare the statement of affairs.
1. Prepare the statement of reali-ation and
liquidation.
>. E(plain the nature and importance of the
statement of affairs.
3. #amiliari-e the nature and content of the
A. Insolvency20ankruptcy
'efined and 'ifferentiated
Joluntary vs. Involuntary
ecured vs. ?nsecured 9reditors
Assignee, Trustee, $eceiver
Proceedings
0. $emedies Available for $elief of 'ebtor
Equity Insolvency
0ankruptcy Insolvency
9. tatement of Affairs
8ature, Purpose and Importance
#orm and 9ontent
9omputation of Amount
Available,
$ate of Estimated Payment and
;ecture&discussion
0oardworks
Problem olving E(ercises
Accounting 9ase) 9orporate
$ehabilitation in the Philippines
9lass Participation
Assignments
eatworks
Practice Tests
?nit Tests
8 | P a g e
statement of affairs
@. Prepare the statement of affair using the
conventional and the alternative forms and the
deficiency statement
'eficiency to unsecured 9reditors
Preparation of the tatement of
Affairs and the upporting
'eficiency tatement
'. tatement of $eali-ation and
;iquidation
8ature, Purpose and Importance
#orm and 9ontent
Analysis of Transactions and its
Effect on the tatement
Preparation of the statement of
reali-ation and liquidation
9EE: 1+ ; & hours
Unit @%%% Commercial !ranchise 5perations
'$oint of @ieB of !ranchisor(
At the end of the chapter, the students would be
able to)
*. 'iscuss and e(plain the nature, characteristics
and operation of franchises.
,. E(plain and apply the methods of recogni-ing
franchise revenue under)
Accrual basis
Installment basis
.. 'etermine the initial franchise fees and
continuing franchise fees.
/. 9ompute net income earned by the franchisor.
A. 8ature and 9haracteristics
Introduction of 9oncepts
Accounting Process
Bournal Entries
0. 4ethods of $ecogni-ing #ranchise
$evenue
Accrual basis
Installment basis
9. Accounting Procedures
Initial #ranchise #ees
9ontinuing #ranchise #ees
'. 'etermination of #ranchisor 8et
Income
;ecture&discussion
0oardworks
Problem olving E(ercises
Accounting 9ase) 9ommon
Philippine #ranchises
Accounting 9ase) 6ow #ran&
chises 5ork
9lass Participation
Assignments
eatworks
Practice Tests
?nit Tests
9EE: 1> and 1? ; + hours
9 | P a g e
Unit %A .oint @enture and Associated
Enterprises and !ire %nsurance
At the end of the chapter, the students would be
able to)
*. 'iscuss and e(plain the nature, characteristics
and operation of joint venture and associated
enterprises.
,. $ecord the different transactions under joint
ventures.
.. E(plain the financial reporting of interests in
joint venture.
/. 'iscuss and e(plain the nature, characteristics
and operation of insurance contracts.
1. Account for fire insurance !point of view of
insurer" and record the transactions under
insurance contracts.
>. 9ompute income under insurance contracts.
A. Boint Jentures
Introduction of 9oncepts
Accounting Process
Bournal Entries
#inancial $eporting of Interests
0. #ire Insurance 9ontracts !Point of Jiew
of Insurer"
Introduction of 9oncepts
Accounting Process
Bournal Entries
4easurement of Income
;ecture&discussion
0oardworks
Problem olving E(ercises
Accounting 9ase) Boint Jentures
in the Philippines
Accounting 9ase) 6ow #ire
Insurance 9ompanies 5ork
9lass Participation
Assignments
eatworks
Practice Tests
?nit Tests
9EE: 1= !%NA/ EAA-%NA%5NS
5A/ ; 5< 85U#S
10 | P a g e
#E!E#ENCES
A. B55:S
Te(tbook) %uerero, P., Peralta, B., Advanced Accounting. Jolume 7ne. ,::@ edition, %I9 Enterprises and 9o., Inc, 9,::@
%uerero, P., Peralta, B., Advanced Accounting. Jolume Two. ,::@ edition, %I9 Enterprises and 9o., Inc, 9,::@
$eferences) kousen, L. #., tice E. L. tice, B. '., Intermediate Accounting. *1th edition, outh&5estern 9ollege Publishing, 9,::/.
tatement of #inancial Accounting tandard. 9ompiled by the Accounting tandards 9ouncil, PI9PA.
Linnel, Lieso H 5eygandt, #inancial Accounting. .rd edition, Bohn 5iley and ons, Inc., 9,::/.
Jali( H Peralta, #inancial Accounting. ,::: edition.
Epstein 0. B., 4ir-a., International Accounting tandards. 9,::*.
B. 9EBS%ES
http)22skousen.swcollege.com
0ank for International ettlements
http)22skousen.swcollege.com
Intermediate Accounting, kousen)
http)22www.wiley.com2college2kieso
Intermediate Accounting, Lieso H 5eygandt)
http)22www.wiley.com2gaap
International Accounting tandard, Bohn 5iley H ons)
http)22www.booksites.net2benedict
Practical Accounting)
11 | P a g e
http)22www.rutgers2edu2accounting2raw2fasb
#inancial Accounting tandards 0oard
http)22www.ifac.org
International #ederation of Accountants
12 | P a g e
#UB#%C
C#%E#%A :N59/ED4E S:%//S A%UDES and @A/UES
Individual Performance .: pts shares readings, e(plains, e(pounds reasoning, justifying, demonstrating, responding diligence, patience, perseverance
%roup Involvement ,: pts contributes ideas, communicates, listens relating, agreeing, sharing, deciding, collating tolerance, consideration, kindness
9lass 9ommitment ,: pts consults, discusses, decides, relates listening, conferring, associating, synthesi-ing openness, dedication, objectivity
Practical Implications .: pts plans, implements, evaluates, improves forecasting, articulating, applying, modifying persistence, determination, optimism
$resentation #u,ric
Attri,utes A,ove Standard At Standard Attri,ute Still a 4oal
Attri,ute
$oints
Earned
'5C<.5( '<.5C&.5( '&.5C*(
#esource
UtiliDation
?tili-ed all resources described on Information
heet to acquire info+ incorporated info
information presentation and 5eb page.
?tili-ed some resources described on Information
heet to acquire info+ incorporated information into
presentation and 5eb page.
?tili-ed few or no resources described on
Information heet to acquire information
into presentation and 5eb page.
E5
'1*C=( '=C>( '>C*(
opic
Discussion
Informed when speaking !without reference to
notes" about the material.
Informed when speaking about the material while
referencing notes.
?nable to accurately discuss information
related to topic or simply read information
from paper.
E1*
13 | P a g e
'1*C=( '=C>( '>C*(
@isuals F
Supplementary
-aterials
7ral report included computer&generated and2or
hand made visuals !clip&art, graphs, tables,
charts, and GuickTime movies", and was
presented with multimedia software that
enhanced presentation.
7ral report included computer&generated and2or hand
made visuals !clip&art, graphs, tables, charts, and
GuickTime movies" that enhanced presentation, but
was not presented with multimedia software.
7ral report did not include visuals or
supplementary materials or materials used
did not enhance presentation.
E1*
'15C1&.5( '1&.5C1*.5( '1*.5C*(
8yper Studio or
9e, $a"e
UtiliDation
9reated pages accurately reflect the groups
data, results and rationale. It is organi-ed in a
way that enhances the readerMs ability to
understand the information, data and results.
9reated pages accurately reflect the groups data,
results and rationale. It is organi-ed in a way that
allows the reader to understand the information, data
and results.
9reated pages are incomplete, missing or
do not get across the groupMs information,
data and results.
E15
otal $resentation $oints Earned
http)22ed.fnal.gov2help2A32sightsound2litscrub.html
14 | P a g e