University of Cebu-Banilad

College of Business and Accountancy

Cebu City

Course Syllabus in ACCTG 111B- Partnership and Corporation Accounting School Year : 2016-2017
Semester/Term: 2nd Revision Date : November 7, 2016

I. Course Information
Course Code: ACCTG 111B LEC Units 6 Course Description:
Course Title: Partnership and Corporation Accounting LAB Units: - This course is intended as a preparatory course for Bachelor of Science in Business Administration students in
Pre-requisite(s): ACCTG 111 LEC Hours: 108 their further studies on the partnership and corporate forms of business organization. It covers a thorough
discussion of the basic accounting concepts, principles and procedures and its application to formation,
Co-requisite(s): - LAB Hours: - operations, preparation of financial statements and accounting problems peculiar to partnership and corporate
form of business organization.
II. Institutional Statements of Vision, Mission, Core Values and Graduate Outcomes
UC Vision (UCV) UC Mission (UCM) UC Core Values (UCCV) UC Graduate Outcomes (UCGO)
UCV1. Democratize University of Cebu commits to: These are the core values that UC believes in: UC Graduates will be able to:
quality UCM1. Serve as an active catalyst in providing UCCV1. Innovation"Be the visionary and the UCGO1. Demonstrate skills and competencies in one’s educational
education. efficient and effective delivery of industry leader." level and field of discipline for lifelong learning;
UCV2. Be the educational services; UCCV2. Camaraderie"Living in the spirit of UCGO2. Express proficiency in both oral and written
visionary and UCM2. Pursue excellence in instruction, research harmony and approachability." communication;
industry and community service towards social UCCV3. Alignment"All activities are geared UCGO3. Demonstrate social accountability and ethical responsibility
leader. and economic development as well as towards core values and priorities." towards the community and the environment;
UCV3. Give hope and environmental sustainability; and UCCV4. Respect"Always a professional, mindful of UCGO4. Exhibit proactive and collaborative attributes in diverse
transform UCM3. Foster an organizational culture that God, university, the community and self." society;
lives. nurtures employee productivity and UCCV5. Excellence"To be great at whatever it is UCGO5. Utilize appropriate technology; and
engagement. we do and go for the best." UCGO6. Manifest ethical behavior in diverse situations.
III. Departmental Statements of Vision, Mission and Core Values
CBA Vision CBA Mission CBA Core Values CBA Objectives
The college of business and accountancy commits to: Core Values that CBA believes in: Consistent with the institutional vision, mission and
Improve lives through 1. Employ its skills, ability, and ingenuity to do things consistent with the 1. Competence “sufficiency of goals, the college of business and accountancy aims to
quality business principle of quality; knowledge and expertise” produce world-class graduates in a nurturing
education 2. engage students and other stakeholders to do meaningful works in 2. Excellence “constant environment who are:
advancing its institutional and college mission and vision; commitment to 1. Competent business leaders and
3. offer programs that enhance students’ competitiveness in the global improvement” professionals;
environment; 3. Conformance” we do things 2. Active agents in development; and
4. match its initiatives and activities with the real world condition. the way it should be done” 3. Ethically and morally upright.

Prepared by : Noted by : Approved by:

ERIK T. LEGASPI, CPA, MBA MARVIN NARAJA, CPA, MBA DR. CHRISTOPHER BIORE, CPA

Instructor Program Head Dean

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 University of Cebu-Banilad
College of Business and Accountancy
Cebu City

Course Syllabus in ACCTG 111B- Partnership and Corporation Accounting School Year : 2016-2017
Semester/Term: 2nd Revision Date : November 7, 2016

IV. Institutional and Departmental VMCV Mapping Institutional College
CBA CBA CBA Core
UCV UCM UCCV UCGO CBA Mission Values
Graduate Attributes (GAs) Vision Objectives
1 2 3 1 2 3 1 2 3 4 5 1 2 3 4 5 6 1 1 2 3 4 1 2 3 1 2 3
GA1. Lifelong Learner            
GA2. Effective Communicator       
GA3. Ethically Responsible            
GA4. Socially Collaborative             
GA5. Team Player            
GA6. Technically Competent              
GA7. Entrepreneurial                  
V. PEO and PO

Program Educational Objectives

The Bachelor of Science in Accountancy program aims to equip graduates to be engaged in public practice, commerce and industry, government and education as:
• Certified Public Accountants in the areas of public practice, commerce and industry, government service and education as auditors, accountants, managers, business consultants, educators and the
like.
• Professional practitioners who can effectively work in the field of accountancy, management services, taxation, finance, education and other business-related fields.
• Entrepreneurs.

Program Outcomes (PO) Course Intended Learning Outcomes (CILO) Levels of Activation
The Bachelor of Science in Accountancy program aims to produce graduates who can: CILO 1: Describe the basic concepts, principles and procedures of
partnership and corporation accounting. I-Introduced
1. pass the Certified Public Accountant (CPA) licensure examination; CILO 2: Identify the basic components of partners’ and stockholder’s E-Enabled
2. apply analytical and technical skills related to accounting, law, taxation, auditing and equity. D-Demonstrate
management advisory jobs; CILO 3: Journalize business transactions related to partnership
3. communicate and collaborate effectively; (formation, operation and liquidation) and corporation (formation and
4. utilize information technology; and operation).
5. contribute to socio-economic development and environmental sustainability. CILO 4: Prepare partner’s and stockholder’s equity.

Prepared by : Noted by : Approved by:

ERIK T. LEGASPI, CPA, MBA MARVIN NARAJA, CPA, MBA DR. CHRISTOPHER BIORE, CPA

Instructor Program Head Dean

Page 2 of 7
 University of Cebu-Banilad
College of Business and Accountancy
Cebu City

Course Syllabus in ACCTG 111B- Partnership and Corporation Accounting School Year : 2016-2017
Semester/Term: 2nd Revision Date : November 7, 2016

THIS COURSE IS EXPECTED TO ACTIVATE CILO # PO #

1 2 3 4 5 1 2 3 4 5 I E D
I I I I  
VI. Course Outputs
Course Activity Weight Other Specifics
Aside from covering the CILO for the period, the examination should, in a balance manner, cover course topics,
Major Examinations 33%
topic outcomes, and performance indicator. The three learning domains should also be considered.
Class standing: Quizzes 33% Topic outcome should be given more weigh.
Homework/Presentations 17% Should be leaning towards performance indicator, interaction among students should be encouraged. Teacher’s
Essays, Boardworks and oral participation 17% 67% involvement should be ideally minimal.
Total 100%
VII. Course Details
Grading Period : Prelim: 27 hours (The course is expected to be delivered within 108 hours in 1 semester divided into 4 terms. Its pacing and delivery will be done in accordance to the principle of
Outcomes-Based Teaching and Learning/OBTL).
CILO # PROGRAM PERFORMANCE INDICATOR TOPIC OUTCOMES COURSE TOPICS TEACHING LEARNING ASSESSMENT
OUTCOMES ACTIVITIES (TLAs) METHODS
1 PO1 -Summarize the concepts on -Apply the concepts and -Corporation -Teaching Activities -Quizzes
corporate formation and principles governing the creation  Overview Lecture Oral recitation
classification. and operational requirements of  Definition, nature and formation. Discussion Major Exams
1,3,4 PO1 corporations.  Kinds of corporation
-Record share capital -Analyze and journalize entries of -Accounting for share capital transactions.
transactions. share capital using  Overview -Learning Activities
memorandum entry method and  Memorandum entry method Teaching
3,4 PO1 -Record transactions of par journal entry method.  Journal entry method Group discussion
value and no-par value -Make journal entries for par  Issuance for cash Thought-sharing
shares. value and no-par value share  Issuance on subscription basis Activity sheets
transactions.  Issuance for non-cash considerations
-Accounting for par value and no-par value
shares.
Grading Period : Midterm: 27 hours (The course is expected to be delivered within 108 hours in 1 semester divided into 4 terms. Its pacing and delivery will be done in accordance to the principle of

Prepared by : Noted by : Approved by:

ERIK T. LEGASPI, CPA, MBA MARVIN NARAJA, CPA, MBA DR. CHRISTOPHER BIORE, CPA

Instructor Program Head Dean

Page 3 of 7
 University of Cebu-Banilad
College of Business and Accountancy
Cebu City

Course Syllabus in ACCTG 111B- Partnership and Corporation Accounting School Year : 2016-2017
Semester/Term: 2nd Revision Date : November 7, 2016

Outcomes-Based Teaching and Learning/OBTL).

PROGRAM OUTCOMES PERFORMANCE INDICATOR TOPIC OUTCOMES COURSE TOPICS TEACHING LEARNING ASSESSMENT
CILO # ACTIVITIES (TLAs) METHODS
1,3,4 PO1 - Prepare journal entries to -Analyze and record results of -Accounting for accumulated -Teaching Activities -Quizzes
record the results of operations in the accumulated profits/losses Lecture Oral recitation
operation of corporations and profits/losses account.  Overview Discussion Major Exams
formulation of shareholder’s  Definition and nature of
equity. accumulated
profits/losses. -Learning Activities
 Accumulated profits/losses Teaching
appropriated and un- Group discussion
appropriated. Thought-sharing
1,3 PO1 -Record the journal entries for -Evaluate dividend declaration -Accounting for dividends Activity sheets
dividend declaration and policies and record the dividend  Overview
payment. declaration and payment.  Definition, nature and
types of dividends
 Date of declaration, record
and payment
1,3 PO1 -Record transactions related
to the reacquisition of -Make journal entries on the -Accounting for treasury shares
company’s own shares and its acquisition and reissuance/  Overview
subsequent retirement of company’s own  Definition of treasury
reissuance/retirement. shares. shares
 Acquisition of treasury
shares
 Reissuance/sale of
treasury shares
 Retirement of treasury
shares.

Prepared by : Noted by : Approved by:

ERIK T. LEGASPI, CPA, MBA MARVIN NARAJA, CPA, MBA DR. CHRISTOPHER BIORE, CPA

Instructor Program Head Dean

Page 4 of 7
 University of Cebu-Banilad
College of Business and Accountancy
Cebu City

Course Syllabus in ACCTG 111B- Partnership and Corporation Accounting School Year : 2016-2017
Semester/Term: 2nd Revision Date : November 7, 2016

Grading Period : Semifinal : 27 hours (The course is expected to be delivered within 108 hours in 1 semester divided into 4 terms. Its pacing and delivery will be done in accordance to the principle
of Outcomes-Based Teaching and Learning/OBTL).
CILO # PROGRAM OUTCOMES PERFORMANCE INDICATOR TOPIC OUTCOMES COURSE TOPICS TEACHING/LEARNING ASSESSMENT
ACTIVITIES (TLAs) METHODS
1,2 PO1 -Describe the concepts of -Apply the concepts and - Partnership -Teaching Activities -Quizzes
partnership, its requirements, principles governing the  Overview Lecture Oral recitation
and its advantages and creation and operational  Definition and Discussion Major Exams
disadvantages. requirements of partnerships. characteristics of
partnership.
-Prepare journal entries to -Evaluate and journalize -Learning Activities
1,3 PO1 record the contribution of transactions on formation of -Partnership Formation Teaching
partners to form a partnerships.  Opening of partnership Group discussion
partnership. book Thought-sharing
 Adjustment of sole Activity sheets
-Record business transactions -Analyze and record results of proprietorship books
1,3,4 PO1 related to the results of operations in the partner’s -Partnership Operation
operation of partnership and capital accounts.  Capital accounts
formulation of partner’s  Drawing accounts
equity.  Partners loan and
receivable accounts
 Closing entries
 Division of profits and
losses
 Methods of dividing profits
and losses
Grading Period : Final : 27 hours (The course is expected to be delivered within 108 hours in 1 semester divided into 4 terms. Its pacing and delivery will be done in accordance to the principle of
Outcomes-Based Teaching and Learning/OBTL).
CILO # PROGRAM OUTCOMES PERFORMANCE INDICATOR TOPIC OUTCOMES COURSE TOPICS TEACHING/LEARNING ASSESSMENT
ACTIVITIES (TLAs) METHODS
1,3 PO1 -Compute and record -Make journal entries to record -Partnership Dissolution -Teaching Activities -Quizzes
partner’s equity after change of ownership in the  Introduction Lecture Oral recitation
Prepared by : Noted by : Approved by:
ERIK T. LEGASPI, CPA, MBA MARVIN NARAJA, CPA, MBA DR. CHRISTOPHER BIORE, CPA

Instructor Program Head Dean

Page 5 of 7
 University of Cebu-Banilad
College of Business and Accountancy
Cebu City

Course Syllabus in ACCTG 111B- Partnership and Corporation Accounting School Year : 2016-2017
Semester/Term: 2nd Revision Date : November 7, 2016

admission, withdrawal, death, accounts of partnership and the  Admission of a new Discussion Major Exams
and bankruptcy after accounts of the partners. partner by purchase of
dissolution. interest
 Withdrawal or retirement -Learning Activities
of a partner Teaching
 Death, bankruptcy or Group discussion
1,3 PO1 -Develop an acceptable cash incapacity of a partner Thought-sharing
-Prepare a statement of distribution program upon  Incorporation of a Activity sheets
liquidation based on lump partnership liquidation either by partnership
sum or installment method lump sum or installment. -Partnership Liquidation
and schedule distribution  Introduction
partnership assets.  Types of liquidation
 Liquidation by lump sum
 Liquidation by installment
 Theoretical loss approach
 Loss absorption ability of a
partner
 Cash priority program.
VIII. Suggested Learning Resources

Lopez, Rafael, Accounting for: Partnership and Corporation (Simplified Procedural Approach), Ms Lopez Printing and Publishing, 2015
Harina, R. M., “College Accounting 2: For Partnership, Corporation and Manufacturing”, (2011)
Macapilit, C. H., “Partnership and Corporation Accounting and their Legal Basis”, (2012)
Lopez, V. Business Law: an Introduction, 1993
Soriano, F. R., Partnerships and Corporations (Law and Application) for Business Students, 2011
IX. Other Course Information
Expectations from Students
The student’s responsibility is to come to each class prepared. S/he is also expected to take all examinations on the date scheduled. S/he should read the assigned problems prior to class. She is expected
to attend each class and participate actively in the discussions.
Academic Dishonesty
All students are expected to be academically honest. Cheating, lying and other forms of unethical behavior will not be tolerated. Any student found guilty of cheating in examinations or plagiarism in
Prepared by : Noted by : Approved by:
ERIK T. LEGASPI, CPA, MBA MARVIN NARAJA, CPA, MBA DR. CHRISTOPHER BIORE, CPA

Instructor Program Head Dean

Page 6 of 7
 University of Cebu-Banilad
College of Business and Accountancy
Cebu City

Course Syllabus in ACCTG 111B- Partnership and Corporation Accounting School Year : 2016-2017
Semester/Term: 2nd Revision Date : November 7, 2016

submitted course requirements will receive an F or failure in the course requirement or in the course. Plagiarism refers to the use of books, notes or other intellectual property without giving proper
attribution to its author, or representing the work of another person as one’s own; Cheating refers to securing help in a test; copying tests, assignments, reports or term papers; collaborating with other
students during an examination or in preparing academic work; signing another student’s name on an attendance sheet; or otherwise practicing scholastic dishonesty.
Policy on Absences
The allowed number of absences for students enrolled in a three 2 hour class in a week is 5 days. Request for excused absences or waiver of absences must be presented upon reporting back to class.
Special examinations will be allowed only in special cases, such as prolonged illness. It is the responsibility of the student to monitor her/his own tardy incidents and absences that might accumulate
leading to a grade of “FA.” It is also her responsibility to consult with the teacher, chair or dean should her/his case be of special nature.

The students have read the course syllabus and understood that they have to comply with the requirements of the course and the expectations from them as a student of ACCTG 2 during the school year
2016-2017. They are fully aware of the consequences of non-compliance with the abovementioned requirements and expectations as explained to them during the first few meetings of the class. This
understanding is further confirmed by them downloading the softcopies of the syllabus at the university portal.

Prepared by : Noted by : Approved by:

ERIK T. LEGASPI, CPA, MBA MARVIN NARAJA, CPA, MBA DR. CHRISTOPHER BIORE, CPA

Instructor Program Head Dean

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