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USA-COC-SYL-AE 13 (Lec)
Revision No. 1
College of Commerce
Date of Effectivity October 28, 2019
General Luna St., Iloilo City Issued by COC
Page 1 of 6
Page No.
VISION: A premier academic community of life-long learners MISSION: The University of San Agustin is an Augustinian, AUGUSTINIAN GRADUATE ATTRIBUTES
working with one mind and one heart to search for, discover Catholic and Filipino educational institution that aims to form An Augustinian graduate is:
and share the Truth (Gaudium de Veritate) for the promotion the members of its academic community in Virtus et Scientia Ø A transformative community builder oriented towards God.
of authentic human and societal development. to serve Western Visayas, the Philippines and the world. Ø A restless critical and creative thinker.
Ø A social communicator of the Truth.
PROGRAM EDUCATIONAL OBJECTIVES (PEO) PROGRAM OUTCOMES (PO)
After 4 years, the BS Accountancy graduates shall be: By the time of graduation, the students of the Accountancy program shall have the ability to:
1. Certified Public Accountants imbued with Augustinian values and A. apply knowledge and skills to successfully respond to various types of assessments (including professional
committed to ethical and sustainable development; licensure and certifications)
2. Practicing accountants with strong leadership and team spirit in B. identify and describe the basic concepts that underlie each of the functional areas of business (marketing,
their professional work; finance, human resources management, information technology, and strategic management)
3. Active members and/or leaders of the Philippine Institute of C. select the proper decision-making tools to critically, analytically, and creatively solve problems and drive
Certified Public Accountants (PICPA) and other related professional results.
organizations; D. work effectively and independently in multi-disciplinary and multi-cultural teams.
4. Pursuing professional competence through related work experience E. recognize the need for lifelong learning;
and Continuing Professional Development (CPD);
5. Actively involved in community service towards the improvement F. employ technology as a business tool in capturing financial and non-financial information, generating
and development of the society reports and making decisions.
G. resolve business issues and problems, with a global and strategic perspective using knowledge and technical
proficiency in the areas of financial accounting and reporting, cost accounting and management, accounting
and control, taxation, and accounting information systems
H. communicate effectively both in oral and written form.
I. conduct accountancy research through independent studies of relevant literature and appropriate use of
accounting theory and methodologies.
J. confidently maintain a commitment to good corporate citizenship, social responsibility and ethical practice
in performing functions as an accountant.
K. preserve and promote "Filipino historical and cultural heritage". RA 7722
L. demonstrate an understanding of fundamental Augustinian values in relation to their profession.
University Of San Agustin Document No. USA-COC-SYL-AE 13 (Lec)
Revision No. 1
College of Commerce
Date of Effectivity October 28, 2019
General Luna St., Iloilo City Issued by COC
Page 2 of 6
Page No.
PRELIM
Unit Topic CO Learning Outcomes Teaching & Learning Assessment Tasks Weight in %
Links Activities to PL GRADE
ORIENTATION At the end of the course the students are expected to:
A. University Vision, Mission, Augustinian
Graduate Attributes and Core Values
B. Values important to the Course 1. Be aware of the University Vision, Mission, Group Discussion
Augustinian Graduate Attributes and Core Values;
the course content, scope, policies and
requirements
2. Communicate clear expectations about what’s
important in the course
Unit 1 – ACCOUNTING FOR PARTNERSHIPS 1 At the end of this Unit, the student should be able to: Lecture, Assignment, Graded recitation, 20%
Basic Considerations and Formation 1. Define partnership Internet Research, Assignments,
A. Definition 2. Differentiate partnership from sole proprietorship Analysis of a Case Study, Quizzes
B. Characteristics of Partnership 3. Differentiate partnership from a corporation Solving Problems,
C. Advantages & Disadvantages of a Partnership 4. Discuss the nature of partnerships, its advantages Group Discussion
D. Partnership Distinguished from Corporation and disadvantages as a form of business
E. Kinds of Partnerships organization.
F. Kinds of Partners 5. Record transactions involving partnership formation
G. Partnership Formation
Unit 2 –PARTNERSHIP OPERATIONS 1 At the end of this Unit, the student should be able to: Lecture, Assignment, Graded recitation, 40%
A. Partners’ Equity in Assets Contrasted with 1. Distinguish partners’ equity in assets with the share Internet Research, Assignments,
Share in Profits or Losses in profits or losses. Analysis of a Case Study, Seatwork,
B. Factors to Consider in Arriving at a Plan for 2. Identify factors to consider in arriving at a plan for Solving Problems, Quizzes
Dividing Profits or Losses dividing profits or losses Group Discussion
C. Rules for the Distribution of Profits or Losses 3. Discuss the rules for the distribution of profits or
D. Correction of Prior Period Errors losses
E. Distribution of Profits or Losses Based on 4. Compute for profits or losses based on partners’
University Of San Agustin Document No. USA-COC-SYL-AE 13 (Lec)
Revision No. 1
College of Commerce
Date of Effectivity October 28, 2019
General Luna St., Iloilo City Issued by COC
Page 4 of 6
Page No.
MIDTERM
FINALS
Unit 6 – SHARE CAPITAL, RETAINED EARNINGS AND 3 At the end of this Unit, the student should be able to: Lecture, Assignment, Graded recitation, 50%
FINANCIAL REPORTING Internet Research, Assignment,
A. Overview of Shareholder’s Equity 1. Account for corporate transactions including Analysis of a Case Study, Seatwork,
B. Share Capital authorization, sale and subscriptions of shares Solving Problems, Quizzes
C. Accounting for Issuance of Share Capital 2. Journalize issuance of shares for cash and non cash Group Discussion
D. Considerations for Issuance of Shares consideration under the two methods of accounting Final
E. Share Issuance for Cash for capital stock. Examinations
F. Subscription of Shares 3. Record acquisition of treasury shares and donated
G. Treasury Shares capital
H. Overview of Retained Earnings 4. Enumerate the steps involved in the incorporation
I. Dividends of a partnership
J. Statement of Retained Earnings 5. Discuss the nature and different kinds of dividends
K. Statement of Changes in Shareholders’ Equity 6. Compute the dividends due to shareholders
7. Prepare the Statement of Retained earnings
University Of San Agustin Document No. USA-COC-SYL-AE 13 (Lec)
Revision No. 1
College of Commerce
Date of Effectivity October 28, 2019
General Luna St., Iloilo City Issued by COC
Page 6 of 6
Page No.
Performance Standards and Evaluation System of OBA Results Final Grade Evaluation System
Result per Grading Period = (Formative Final rating is the cumulative ratings of all course outcomes:
result per grading period x 50%) + 50% Summative result (CO grade x CO weight) / Total CO weight
Prepared by: Reviewed by: Approved for Implementation:
ELA CRISTINA T. LOPEZ, CPA, MBA CHRISTINE P. GAMBA, CPA, MMBM MARIVIS A. GANGOSO, CPA, Ph.D.
2nd Semester, AY 2019-2020 Academic Supervisor, Accountancy Dean, College of Commerce
LIST OF RESOURCES
PRINTED LEARNING RESOURCES WEB AND OTHER LEARNING RESOURCES
Aduana, Nick L. (2016). Partnership and Corporation Accounting (A Procedural Approach). www.accountingverse.com/accounting-basics/fundamental-accounting-concepts.html
Quezon City: C & E Publishing, Inc.
www.futureaccountant.com/accounting-process/
Ballada, Win Lu, Susan Ballada. (2019). Partnership and Corporation Accounting. 21st Edition.
Manila: Domdane Publishers and Made Easy Books. www.accountingcoach.com/accounting-basics/explanation
Guerrero, Pedro, Jose Peralta. (2017). Advanced Accounting Principles and Procedural http://www.swlearning.com/accounting/murray/ppt/02.PPT
Applications Volume 1. Manila: GIC Enterprises & Co., Inc. C.M Recto Avenue.
Lopez, Rafael M. Jr. (2017). Accounting for Partnership & Corporation. Davao City: RM Lopez Jr.
Publishing.
Palma, Roberto. (2014). Basic Accounting 2: Partnership and Corporation. First Edition. Manila:
Rex Book Store, Inc.
Warren, Carl, James Reeve, Jonathan Duchac. (2015). Accounting. 25th edition. Cengage
Learning 1st Philippine Reprint.
Weygandt, Jerry J., Paul D. Kimmek Donald E. Kieso. (2016). Accounting Principles, International
Student Version. 12th ed. Hoboken, NJ: John Wiley & Sons.