2021 2nd AC - AcctgBusCom Syllabus
2021 2nd AC - AcctgBusCom Syllabus
2021 2nd AC - AcctgBusCom Syllabus
SCHOOL OF ACCOUNTANCY
A globally competitive institution, faithful to the teachings and tradition of the Catholic Church working towards the development of the person following
VISION
the examples of St. Arnold Janssen and St. Joseph Freinademetz.
MISSION To develop and enhance the capabilities of the person to become Witness to the Word and responsive to the demands of the society.
GLOBAL COMPETENCE
CULTURAL PRESERVATION
GOALS
ACADEMIC EXCELLENCE
SVD SPIRITUALITY
CORE VALUES Integrity, Social Responsibility, Excellence, Evangelization
School Year and Semester 2020-2021 Second Semester
Faculty Leneilyn M. Poblete, CPA
leneilynpoblete@dwcc.edu.ph
Contact no.: 09271958516
Course Title Accounting for Business Combination
Course Code AC_AcctgBusCom
Course Link http://lms.dwcc.edu.ph/College/
Classes for this school year will be conducted with minimal or no face-to-face interaction between the instructor and the students. The meetings will be
Couse Schedule Map done through online platforms like Zoom. Discussions are also be done online unless face-to face interaction is necessary and permitted to do so.
Practical exercises, quizzes and other instructional materials can be access online on school website.
This course deals mainly with consolidation and mergers, parent-subsidiary relationships, and consolidated statements, including foreign subsidiaries.
COURSE DESCRIPTION Other topics included are the effects of foreign exchange rates and joint arrangements under PFRS 11.
11th – 12th relationship Module 7 – Intercompany Sales of Property and Interactive discussion, via Online/Offline problem Kahoot! quiz Formative
exists, in Equipment Zoom solving Online quiz Summative
accordance with 7.1 Effects of intercompany sales of depreciable Online/Printed module
PFRS 3. property Online chat thru Messenger Preparation of working
7.2 Downstream sales Online forum thru papers for eliminating
7.3 Upstream sales effects of intercompany sale
Discussion Board
7.4 Disposal of property and equipment by of depreciable asset
purchasing affiliate
PRE-FINAL EXAMINATION
13th – 15th Manifest Module 8 – Equity Method of Accounting Interactive discussion, via Online/Offline problem Self-paced quiz Formative
knowledge in the 8.1 General procedures under equity method Zoom solving
preparation of 8.2 Recording investments under equity method Online/Printed module
consolidated 8.3 Working paper eliminating entries under equity Online chat thru Messenger Preparation of consolidated
financial method Online forum thru financial statements with
statements for Discussion Board working papers under equity
companies method
where parent-
subsidiary
relationship
exists, in
accordance with
PFRS 3.
15th – 16th Prepare financial Module 9 – Nature of Joint Arrangement Interactive discussion, via Read the PFRS and PAS at Recitation Diagnostic
statements and 9.1 Relationship between PFRS 9, 10,11,12, and Zoom www.ifrs.org and
reports for PAS 28 Online/Printed module www.iasplus.com Self-paced quiz Formative
different types of 9.2 Objectives of joint arrangements Online chat thru Messenger
9.3 Principles of investments in joint arrangements
joint Online forum thru Concept map of the
9.4 Types of joint arrangements
arrangements 9.5 Joint arrangement under SME Discussion Board relationship between PFRS
adhering to the 9.6 Types of joint arrangements under SME 9, 10,11,12, and PAS 28
16th- 18tdegih IFRS 11 Joint Module 10 – Accounting for Joint Arrangement Interactive discussion, via Online/Offline problem Online Quiz Summative
Arrangements 10.1 Accounting for joint operations Zoom solving
10.2 Accounting for joint venture Online/Printed module Research whether
10.3 Application of equity method for consolidation Online chat thru Messenger Indigenous people
10.4 Accounting for joint venture under SME have entered joint
Online forum thru
Discussion Board arrangement and on how
does it work
FINAL EXAMINATION
Course References:
• Practical Accounting 2 (Adapted from RPCPA), AICPA Exams. De leon, G., et al. Manila: GIC Enterprises
• Accounting for Business Combination (2018). Milan, Z.V. Baguio City: Bandolin Enterprise
• Practical Accounting 2 (2017). Dayag, Antonio Jr. Manila: Conanan Educational Supply
ADDITIONAL SUPPLEMENTARY MATERIALS
• IFRS Compilations and PFRS
• www.ifrs.org
• www.iasplus.com
The following are the specific applications the students should download and install and which will be used for the entire semester:
• Zoom, for online discussion
• Messenger
• Socrative
• Kahoot!
Course Requirements: Attainment of a grade of at least 82%
Flexible Learning Course Policies:
A. ATTENDANCE
Class attendance is expected of every student even under flexible learning. Attendance will be checked in synchronous (online) delivery. For offline delivery, a handwritten summary of all the
lessons or answer to guide questions shall constitute attendance and class participation.
B. EXAMINATIONS
All quizzes and major examinations shall be conducted online or in person at the campus. Students who have no online access should make arrangements with their teachers on the conduct
of the examination.
C. SUBMISSION OF REQUIREMENTS
It is the responsibility of the students to submit all course requirements to earn credit for his course. Course requirements maybe submitted online (through email or the school’s LMS), at a
drop-off point (in the school) or through a courier. Timely submission of requirements is necessary.
D. ACADEMIC DISHONESTY & PLAGIARISM
Academic dishonesty and plagiarism will not be tolerated and shall be penalized in accordance with the policy and procedures of the school.
E. RESPONSIBILITY OF THE STUDENTS
It is the responsibility of the student to:
1. Log-in to the school’s LMS regularly to review messages from teacher(s) and pending assignments.
2. Get modules, assignments and other course requirements at designated pick-up points.
3. Communicate to teacher questions and problems they may have under flexible learning.
4. Complete and submit assignments and other course requirements on the time and place agreed upon with their teachers.
F. RESPONSIBILITY OF THE FACULTY AND THE SCHOOL
It is the responsibility of the faculty and the school to:
1. Implement mechanisms for students to receive/access printed or digital course packages/instructional materials through designated pick up points or through digital platforms.
2. Establish means for student engagement/ communication which may include Short Message Service (SMS), electronic mail (email), chat, instant messaging, and other means whichever is
convenient, appropriate, and available in order to ensure personalized, effective, efficient, and timely mentoring and feedback mechanisms.
Course Preliminary Examination 10%
Grading Mid-term Examination 10%
System: Pre-Final Examination 20%
Departmental Final Examination 20%
Class Standing
Quizzes 10%
Attendance & Class Participation 10%
Portfolio 20% 40%
Total 100%
Students can consult the teacher thru the following:
Consultation
08:00 AM – 05:00 PM Monday to Friday
ASSESSMENT
COURSE OUTCOMES PERFORMANCE INDICATORS EVIDENCES OF PERFORMANCE PERFORMANCE STANDARD
1. Discuss the accounting methods for investments. Submit and present schedules and Following a set of rubrics, students are expected to 82% minimum compliance to all
2. Journalize transactions under the cost method of financial statements in compliance accomplish and/or present the following: course requirements
recording investments. with PFRS 3 and IFRS 11; pass all Consolidated financial statements with working
3. Recognize, measure, present and disclose papers,
examinations.
intercompany transactions. Schedules and reports.
4. Construct set of financial statements for merged
corporations in accordance with PFRS 3 Business
Combination.
5. Manifest knowledge in the preparation of consolidated
financial statements for companies where parent-
subsidiary relationship exists, in accordance with
PFRS 3.
6. Prepare financial statements and reports for different
types of joint arrangements adhering to the IFRS 11
Joint Arrangements.
PREPARED BY: REVIEWED AND RECOMMENDED FOR APPROVAL BY: APPROVED BY:
LENEILYN M. POBLETE, CPA MYLA M. CUSTODIO, CPA MARY JANE R. BAUTISTA, CPA DR. ALELI C. DUGAN, CPA
Faculty Program Coordinator Dean, School of Accountancy/ Vice president, academic affairs