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TUGUEGARAO CITY
SCHOOL OF BUSINESS ADMINISTRATION
COURSE TITLE: ACC 204-FINANCIAL ACCOUNTING 2
: 3
COURSE DESCRIPTION:
This subject is intended to magnify and update the students knowledge on financial accounting course, it
primary deals with the presentation of financial statements that conforms to the latest Philippine Financial
Reporting Standards, for a corporate type of business.
PRE-REQUISITES: ACC 203
I.
COURSE OBJECTIVES:
1. To properly examine the transactions and accounting records to come up with a relevant and reliable
financial statements.
2. Understand, explain and convey to the management the economic and quantitative information to be used in
making economic decisions.
3. To accumulate and supply financial information to statement users, (owners and creditors), to help them in
making informed judgments and better decisions.
Regular attendance
Maximum of two graded recitations per grading period
Minimum of three quizzes per grading period
Seat works and assignments
Three periodical exams
Course Content
Learning Objectives
Competence
Activities/
Strategies
Evaluative
Measures
Values
Integrated
Time
Frame
Lecture
Graded
Recitation
s
Interdepen
dence
3hrs
REVIEW OF UCVs
PHILOSOPHY,VISION AND
MISSION
PRELIM PERIODIC
COVERAGE:
I. REVIEW OF
CONCEPTUAL FRAME
WORK
II. LIABILITIES
A. Current
Liabilities
1. Trade and
Other Payables
2. Estimated
liabilities
3. Payroll
4. Current
Portion of
Long Term Debt
5. Current Tax
liability
Classroom
reports
Seat works
Assignment
Discussion
Lecture
Classroom
reports
Quizzes
Periodic
Exams
Graded
Recitation
s
Quizzes
Seat works
Board
works
Assignment
Discussion
Quality of
work
Skillfulness
Commitment
Integrity
Periodic
Exams
15hrs
MIDTERM PERIODIC
COVERAGE
B. Non-Current
Liabilities
1. Noncurrent
portion of
long term debt
2. Operating and
Finance Lease
Liability
3. Note Payable
and Debt
Restructuring
4. Long term
obligation to
company
officers
5. Long term
deferred
revenue
FINAL PERIODIC
COVERAGE
Demonstrate skills in
identifying and measuring
long-term business
liabilities and economic
transactions to aid
recording, maintenance and
preparing financial
records/reports.
C. SHAREHOLDERS
EQUITY
1. Share Capital
2. Reserves
3. Retained
Earnings
Lecture
Classroom
reports
Frequent
Graded
Recitation
s
Seat works
Quizzes
Presentati
on
of
sample
documents
Honesty
18hrs
Patience
Resourcefu
lness
Periodic
Exams
Resultsoriented
Board
works
Selfconfidence
Assignment
Discussion
Lecture
Seat works
Classroom
reports
Board
works
Discussion
Graded
Recitation
s
Quizzes
Periodic
Exams
Responsiveness
Awareness
to
existing
rules and
regulation
s
9hrs
III.STATEMENT OF
COMPREHENSIVE
INCOME
IV. STATEMENT OF
CHANGES IN EQUITY
V. STATEMENTT OF CASH
FLOWS
VI. NOTES,COMPRISING A
SUMMARY OF
SIGNIFICANT
ACCOUNTING
POLICIES AND OTHER
EXPLANATORY NOTES
Adheres to work in
accordance with the highest
standards of
professionalism and to
attain a level of
performance to the meet the
companys and publics
interests.
Interpret and communicate
the financial statements to
management and other
interested users.
Presentation of
sample
documents
Timeliness
Assignment
Diligence
Objectiveness
Decisiveness
REFERENCES:
VALIX,CONRADO, et. Al. FINANCIAL ACCOUNTING, VOLUMES 1,2,3, National Book Store, copyright 2010.
PHILIPPINE FINANCIAL REPORTING STANDARDS(PFRS), Financial Reporting Standards Council(FRSC)
ELECTRONIC REFERENCES:
1. http://www.bir.gov.ph
2. http://www.prc.gov.ph
3. www.kpmg.com
Prepared by:
Recommending Approval:
Approved by:
9hrs