COURSE SYLLABUS

COLLEGE
DEPARTMENT
COURSE CODE

: Ramon V. Del Rosario (RVR) - College of Business (COB)

: Accountancy
: ACFINA3 (FINANCIAL MANAGEMENT 3 FOR BSA STUDENTS)
(Pre-requisite ACFINA2/ACFINA2)
CLASS DAYS AND CLASS TIME : _________________________
ROOM
: _________________________
INSTRUCTOR
: _Mary Josephine Quitoriano_
CONTACT INFORMATION
: maryjo.dlsu.yahoo.com / mary.josephine.quitoriano@dlsu.edu.ph
CONSULTATION HOURS
: _________________________
COURSE DESCRIPTION:
This course (ACOFIN3/ACFINA3, Financial Management 3 for BSA students) is an advanced course in financial
management that involves the more complex aspects of financial decisions involving financial markets and
institutions. This course covers management of financial institutions, its operations, products and services; the
Philippine financial system and government regulations; commercial banking, various securities markets; and risk
management in financial institutions. These concepts and principles introduced are globally applied but locally
customized to fit the Philippine scenario and the requirements of domestic financial, corporate and individual
entities.
LEARNING OUTCOME (LO):
On completion of the course, the student is expected to able to do the following:
EXPECTED LASALLIAN
GRADUATE
ATTRIBUTES (ELGA)
Critical and creative
thinker

LEARNING OUTCOME
LO1 Analyze cases and problems on financial markets and institutions by applying
professional values and business ethics, and coming up with recommendations
and/or solutions which will benefit various stakeholders.

Effective communicator
Reflective lifelong learner
Service-driven citizen
FINAL COURSE OUTPUT:
As evidence of attaining the above learning outcomes, the student is required to do and submit the following during
the indicated dates of the term:
LEARNING OUTCOME
LO1 Analyze cases and problems on financial
markets and institutions by applying professional
values and business ethics, and coming up with
recommendations and/or solutions which will
benefit various stakeholders.

REQUIRED OUTPUT
1. At least one individual
presentation (problem or case
solution)
2. One group case presentation
(oral and written)
3. One financial statement analysis
group presentation (oral and
written)
4. One group report on financial
markets and institutions
5. One group critique on case
presentation (oral)
6. Solutions to all assigned
problems and cases

DUE DATE
Weeks 1 to 12
Week 13
Week 9
Weeks 1 to 12
Week 13
Weeks 1 to 12

ACFINA3 Syllabus
RUBRIC FOR ASSESSMENT:
1. Individual presentation
CRITERIA
EXEMPLARY
96-100
Delivery (40%)
The studentpresenter
communicates
and explains
clearly the
solutions to the
problems or
cases, and
generates interest
and establishes
rapport among
the audience.
Presentation
The studentcontent/solution presenter
(30%)
presents correct
solutions to the
problems or
cases by showing
all relevant
supporting
calculations or
proofs, and
relating these
solutions to the
business world.
Question and
The studentanswer (30%)
presenter
provides correct
or valid answers
to the questions,
explains these
clearly, and
presents
valid/sensible
arguments to
support/justify the
answers to the
questions raised.
2. Group case presentation
CRITERIA
EXEMPLARY
96-100
Delivery (30%)
The group
communicates
clearly the
content of the
report and
generates interest
and establishes
rapport among
audience.
Oral and written
The group
presentation
provides valid,
content (30%)
sensible and
logical case
analysis, presents
feasible
alternatives and
solutions to the
case problem,
and provides
valid, sensible
and logical
arguments or
supports.
Teamwork
(20%)

The group is
organized and
shows strong

SATISFACTORY
91-95
The studentpresenter
communicates
and explains
clearly the
solutions to the
problems or
cases, and
generates some
interest among
the audience.

DEVELOPING
86-90
The studentpresenter
communicates
and explains
somewhat clearly
the solutions to
the problems or
cases, and
generates little
interest among
the audience.

BEGINNING
80-85
The studentpresenter
communicates
and explains
vaguely the
solutions to the
problems or
cases, and does
not generate
interest among
the audience.

The studentpresenter
presents correct
solutions to the
problems or
cases by showing
certain supporting
calculations or
proofs, and
somewhat
relating these to
the business
world.
The studentpresenter
provides correct
or valid answers,
explains these
somewhat clearly,
and presents
some
valid/sensible
arguments to
support/justify the
answers to the
questions raised.

The studentpresenter
presents partly or
entirely correct
solutions to the
problems or
cases by showing
supporting
calculations or
proofs.

The studentpresenter
presents incorrect
solutions to the
problems or
cases but
corrects the
solutions to these
problems or
cases.

The studentpresenter
provides partly or
entirely correct or
valid/sensible
answers, explains
these somewhat
clearly.

The studentpresenter
provides incorrect
or non-sensible
answers to the
questions raised
but somehow
provides partly or
entirely correct or
valid/sensible
answers through
follow-up
questions.
TOTAL:

SATISFACTORY
91-95
The group
communicates
clearly the
content of the
report and
generates some
interest among
audience.

DEVELOPING
86-90
The group
communicates
somewhat clearly
the content of the
report and
generates little
interest among
audience.

BEGINNING
80-85
The group
communicates
vaguely the
content of the
report and does
not generate
interest among
audience.

The group
provides
somewhat valid,
sensible and
logical case
analysis, presents
feasible
alternatives and
solutions to the
case problem,
and provides
some valid,
sensible and
logical arguments
or supports.

The group
provides
somewhat valid,
sensible/ logical
case analysis,
presents
somewhat
feasible
alternatives and
solutions to case
problem but are
not properly
supported by
valid, sensible /
logical arguments
or supports.
The group is
somewhat
organized and

The group
provides nonsensible case
analysis, presents
alternatives and
solutions to the
case problem
which may not be
feasible or logical.

The group is
organized and
shows teamwork

RATING

RATING

The group is
disorganized and
shows lack of
Page 2 of 8

ACFINA3 Syllabus
CRITERIA

Question and
answer (20%)

EXEMPLARY
96-100
teamwork and
camaraderie as
evidenced in the
presentation.
The group
provides
valid/sensible
answers to the
questions,
explains these
clearly, and
presents valid
arguments to
support/justify the
answers to the
questions raised.

SATISFACTORY
91-95
as evidenced in
the presentation.
The group
provides
valid/sensible
answers, explains
these somewhat
clearly, and
presents some
valid arguments
to support/justify
the answers to
the questions
raised.

DEVELOPING
86-90
shows a hint of
teamwork as
evidenced in the
presentation.
The group
provides
somewhat
valid/sensible
answers, explains
these somewhat
clearly.

BEGINNING
80-85
teamwork as
evidenced in the
presentation.

RATING

The group
provides nonsensible answers
to the questions
raised but
somehow
provides
valid/sensible
answers through
follow-up
questions.
TOTAL:

3. Financial statement analysis group presentation

CRITERIA
EXEMPLARY
SATISFACTORY
96-100
91-95
Delivery (30%)
The group
The group
communicates
communicates
clearly the
clearly the
content of the
content of the
report and
report and
generates interest generates some
and establishes
interest among
rapport among
audience.
audience.
Oral and written
The group
The group
presentation
provides valid,
provides
content (30%)
sensible and
somewhat valid,
logical financial
sensible and
statement
logical financial
analysis, and
statement
provides valid,
analysis, and
sensible and
provides some
logical supports.
valid, sensible
and logical
supports.
Teamwork
(20%)

Question and
answer (20%)

The group is
organized and
shows strong
teamwork and
camaraderie as
evidenced in the
presentation.
The group
provides
valid/sensible
answers to the
questions,
explains these
clearly, and
presents valid
arguments to
support/justify the
answers to the
questions raised.

The group is
organized and
shows teamwork
as evidenced in
the presentation.
The group
provides
valid/sensible
answers, explains
these somewhat
clearly, and
presents some
valid arguments
to support/justify
the answers to
the questions
raised.

DEVELOPING
86-90
The group
communicates
somewhat clearly
the content of the
report and
generates little
interest among
audience.

BEGINNING
80-85
The group
communicates
vaguely the
content of the
report and does
not generate
interest among
audience.

The group
provides
somewhat valid,
sensible and
logical financial
statement case
analysis but these
are not properly
supported by
valid, sensible
and logical
supports.
The group is
somewhat
organized and
shows a hint of
teamwork as
evidenced in the
presentation.
The group
provides
somewhat
valid/sensible
answers, explains
these somewhat
clearly.

The group
provides partly
sensible financial
statement
analysis.

RATING

The group is
disorganized and
shows lack of
teamwork as
evidenced in the
presentation.
The group
provides nonsensible answers
to the questions
raised but
somehow
provides
valid/sensible
answers through
follow-up
questions.
TOTAL:

Page 3 of 8

ACFINA3 Syllabus
4. Group report
CRITERIA
Delivery (30%)

Presentation
content (30%)

Teamwork
(20%)

Question and
answer (20%)

EXEMPLARY
96-100
The group
communicates
clearly the
content of the
report and
generates interest
and establishes
rapport among
audience.
The group
includes all
relevant items
and materials in
the report.
The group is
organized and
shows strong
teamwork and
camaraderie as
evidenced in the
presentation.
The group
provides
valid/sensible
answers to the
questions,
explains these
clearly, and
presents valid
arguments to
support/justify the
answers to the
questions raised.

SATISFACTORY
91-95
The group
communicates
clearly the
content of the
report and
generates some
interest among
audience.

DEVELOPING
86-90
The group
communicates
somewhat clearly
the content of the
report and
generates little
interest among
audience.

BEGINNING
80-85
The group
communicates
vaguely the
content of the
report and does
not generate
interest among
audience.

The group
includes all
required items
and materials in
the report.
The group is
organized and
shows teamwork
as evidenced in
the presentation.

The group
includes some of
the required items
and materials in
the report.
The group is
somewhat
organized and
shows a hint of
teamwork as
evidenced in the
presentation.
The group
provides
somewhat
valid/sensible
answers, explains
these somewhat
clearly.

The group
includes many
irrelevant items in
the report.

The group
provides
valid/sensible
answers, explains
these somewhat
clearly, and
presents some
valid arguments
to support/justify
the answers to
the questions
raised.

RATING

The group is
disorganized and
shows lack of
teamwork as
evidenced in the
presentation.
The group
provides nonsensible answers
to the questions
raised but
somehow
provides
valid/sensible
answers through
follow-up
questions.
TOTAL:

5. Group critique
CRITERIA
Teamwork
(40%)

Quality of
questions raised
(60%)

EXEMPLARY
96-100
The group is
organized and
shows strong
teamwork and
camaraderie as
evidenced in
raising questions,
comments, issues
or arguments.
The group raises
valid/sensible
questions,
comments, issues
or arguments to
the presenter,
and provides
valid/sensible
arguments to
support/justify
their position.

SATISFACTORY
91-95
The group is
organized and
shows teamwork
as evidenced in
raising questions,
comments, issues
or arguments.
The group raises
valid/sensible
questions,
comments, issues
or arguments to
the presenter,
and provides
somewhat
valid/sensible
arguments to
support/justify
their position.

DEVELOPING
86-90
The group is
somewhat
organized and
shows a hint of
teamwork as
evidenced in
raising questions,
comments, issues
or arguments.
The group raises
somewhat
valid/sensible
questions,
comments, issues
or arguments to
the presenter.

BEGINNING
80-85
The group is
disorganized and
shows lack of
teamwork as
evidenced in
raising questions,
comments, issues
or arguments.

RATING

The group raises

partly
valid/sensible
questions,
comments, issues
or arguments to
the presenter.

TOTAL:

Page 4 of 8

ACFINA3 Syllabus
6. Solutions to assigned problems and cases
CRITERIA
EXEMPLARY
SATISFACTORY
96-100
91-95
Solution content The student
The student
(50%)
provides correct
provides
solutions to
substantially
problems and
correct solutions
cases.
to problems and
cases.
Completeness of The student
The student
solutions (50%)
prepared
prepared
solutions to all
solutions to most
problems and
problems and
cases before
cases before
reporting to class. reporting to class.

DEVELOPING
86-90
The student
provides partly
correct and partly
incorrect solutions
to problems and
cases.
The student
prepared
solutions to some
problems and
cases before
reporting to class.

BEGINNING
80-85
The student
provides mostly
incorrect solutions
to problems and
cases.

RATING

The student did

not prepare
substantially
solutions to
problems and
cases before
reporting to class.
TOTAL:

OTHER REQUIREMENTS AND ASSESSMENTS:

Aside from the final output, the student will be assessed at other times during the term by the following:
1. Quizzes/Long Examinations
2. Business articles for classroom discussion
3. Recitation/Class participation
4. Final examination
GRADING SYSTEM:
Grade point description percentage:
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.0

Excellent
Superior
Very Good
Good
Satisfactory
Fair
Pass
Fail

97-100
94-96
91-93
87-90
83-86
77-82
70-75
below 70

The student will be graded according to the following:

Basis
Percentage
Departmental Long Exams
45%
Short Quizzes (Note 1)
15%
Group Case Presentations and Projects (Note 2) 15%
Final Examination
15%
Class Standing (Note 3)
10%
Total
100%
Note 1: Short quizzes may be scheduled or given on a surprise basis anytime during the class.
Note 2: Group cases, projects, and reports will be assigned to each group. Each group will prepare written reports
and oral presentations for cases and projects.
Note 3: Recitation, homework, attendance, class participation, and individual oral reporting.
Course grade requirement: A grade of at least 2.0
LEARNING PLAN:
LEARNING
OUTCOME

LO1

TOPICS
Part I INTRODUCTION AND OVERVIEW OF
FINANCIAL MARKETS AND
INSTITUTIONS
Unit 1 Role and overview of financial markets
and institutions
1.1 Overview of financial markets
1.1.1 Function of financial markets
1.1.2 Structure of financial markets
1.2 Overview of financial institutions/financial
intermediaries
1.2.1 Function of financial
institutions
1.2.2 Types of financial institutions
1.3 Philippine financial system
1.4 Globalization of financial markets

REFERENCE

WEEK
NO.

LEARNING
ACTIVITIES

Saunders
(Ch1)
BSP (Ch8)
BSP website

Lecture, Business
articles discussion

Page 5 of 8

ACFINA3 Syllabus
LEARNING
OUTCOME

LO1

LO1

LO1

TOPICS
Unit 2 Determinants of interest rates
2.1 Loanable funds theory
2.2 Movement of interest rates over time
2.3 Determinants of interest rates for
individual securities
2.4 Term structure of interest rates
2.5 Forecasting interest rates
2.6 Time value of money and interest rates
Unit 3 Interest rates and security valuation
3.1 Various interest rate measures
3.2 Bond valuation
3.3 Equity valuation
3.4 Impact of maturity on security values
3.5 Impact of coupon rates on security
values
3.6 Duration
Unit 4 Bangko Sentral ng Pilipinas, monetary
policy, and interest rates
4.1 Structure of the Bangko Sentral ng
Pilipinas
4.2 Tools of monetary policy
4.3 BSP reserves, money supply and
interest rates
4.4 International monetary policies and
strategies

REFERENCE

WEEK
NO.

LEARNING
ACTIVITIES

Saunders
(Ch2)

1,2

Reports, business
articles discussion

Saunders
(Ch3)

Reports, business
articles discussion

Saunders
(Ch4)
BSP(Ch1, Ch5
& Ch7)

Reports, business
articles discussion

FIRST DEPARMENTAL EXAMINATION

LO1

LO1

LO1

LO1

LO1

PART 2 FINANCIAL MARKETS

Unit 5 Money markets
5.1 Overview of money markets
5.2 Philippine money markets
5.3 Money market securities
5.4 Money market participants
5.5 Yields on money markets
5.6 International aspects of money markets
Unit 6 Bond markets
6.1 Overview of mortgage markets
6.2 Philippine mortgage markets
6.3 Bond market securities
6.4 Bond market participants
6.5 International aspects of bond markets
Unit 7 Mortgage markets
7.1 Overview of mortgage
7.2 Philippine mortgage markets
7.3 Primary mortgage markets
7.4 Secondary mortgage markets
7.5 Participants in the mortgage markets
7.6 International trends in securitization
Unit 8 Stock markets
8.1 Overview of stock markets
8.2 Philippine stock markets
8.3 Stock market securities
8.4 Primary stock markets
8.5 Secondary stock markets
8.6 Other issues in stock markets
8.6 International aspects of stock markets
Unit 9 Foreign exchange markets
9.1 Overview of foreign exchange markets
9.2 Philippine foreign exchange markets
9.3 Foreign exchange rates and
transactions
9.4 Interaction of interest rates, inflation and
exchange rates

Saunders
(Ch5)

Reports, business
articles discussion

Saunders
(Ch6)

Reports, business
articles discussion

Saunders
(Ch7)

Reports, business
articles discussion

Saunders
(Ch8)

Reports, business
articles discussion

Saunders
(Ch9)

Reports, business
articles discussion

Page 6 of 8

ACFINA3 Syllabus
LEARNING
OUTCOME
LO1

TOPICS
Unit 10 Derivative securities markets
10.1 Overview of derivative securities
markets
10.2 Philippine derivative securities markets
10.3 Forwards and futures
10.4 Options
10.5 Swaps
10.6 Caps, floors and collars
10.7 International aspects of derivative
securities markets

REFERENCE

WEEK
NO.

LEARNING
ACTIVITIES

Saunders
(Ch10)

7,8

Reports, business
articles discussion

SECOND DEPARTMENTAL EXAMINATION

LO1

LO1

LO1

LO1

LO1

LO1

LO1

PART III COMMERCIAL BANKING

Unit 11 Industry overview and commercial
banking operations
11.1 Philippine banking industry
11.2 Size, structure and composition of the
industry
11.3 Types of banks
11.4 Bank consolidation and nationwide
banking
11.5 Bank balance sheets and recent trends
11.6 Industry performance
11.7 National and global banking issue
Unit 12 Financial statements and analysis
12.1 Financial statements of banks
12.2 Financial statement analysis
12.3 Impact of market niche and bank size
on financial statement analysis
Unit 13 Regulation of Philippine banks
13.1 Overview of Philippine banking
regulations
13.2 Regulation of bank operations
13.3 Regulation of capital
13.3 BASEL II and BASEL III
13.4 Philippine Deposit Insurance
Corporation
PART IV RISK MANAGEMENT IN FINANCIAL
INSTITUTIONS
Unit 14 Managing credit risk
14.1 Overview of credit risk management
14.2 Credit quality problems
14.3 Credit analysis
14.3 Return on a loan
Unit 15 Managing liquidity risk
15.1 Overview of liquidity risk management
15.2 Causes of liquidity risk
15.3 Liability-side liquidity risk
15.4 Asset-side liquidity risk
15.5 Liquidity exposure, deposit drains and
bank runs
15.6 Discount window, deposit insurance
Unit 16 Managing interest rate and insolvency
risk
16.1 Overview of interest rate and
insolvency risk management
16.2 Interest rate risk measurement and
management
16.3 Insolvency risk management
Unit 17 Hedging with financial derivatives
17.1 Hedging activities
17.2 Forwards and futures
17.3 Options
17.4 Swaps
17.5 Comparison of hedging methods

Saunders
(Ch11) BSP
(Ch2 & Ch10)

Reports, business
articles discussion

Saunders
(Ch12)

Case reports,
business articles
discussion

Saunders
(Ch13)
BSP (Ch2)
BSP website

10

Reports, business
articles discussion

10
Saunders
(Ch20)

Reports, business
articles discussion

11
Saunders
(Ch21)

Reports, business
articles discussion

11
Saunders
(Ch22)

Saunders
(Ch23)

Reports, business
articles discussion

11,12

Reports, business
articles discussion

Page 7 of 8

ACFINA3 Syllabus
LEARNING
OUTCOME

TOPICS

REFERENCE

WEEK
NO.
12

LEARNING
ACTIVITIES

Saunders
(Ch24)

13

Reports, business
articles discussion

Saunders
(Ch19)

13

Reports, business
articles discussion

THIRD DEPARMENTAL EXAMINATION

LO1

LO1

Unit 18 Loan sales and securitization

18.1 Overview of loan sales and
securitization
18.2 Loan sales
18.3 Loan securitization
18.4 Securitization of other assets
Unit 19 Other risks and risk management
19.1 Foreign exchange risk
19.2 Country or sovereign risk
19.3 Technology and operational risk
19.4 Other risks and risks interaction

REFERENCES:
Kidwell, D., Blackwell, D., Whidbee, D., Sias, Richard. Financial Institutions, Markets, and Money. (Latest Edition),
John Wiley & Sons.
Koch, T., MacDonald, S.S. Management of Banking. (Latest Edition), Ohio: South-western, Cengage Learning.
Madura, J. Financial Markets & Institutions. (Latest Edition), Ohio: South-western, Cengage Learning.
Mishkin, F., Eakins, S. Financial Markets & Institutions. (Latest Edition), Pearson Higher Education.
Perspectives from Bangko Sentral ng Pilipinas Money & Banking in the Philippines. Publication of Bangko Sentral
ng Pilipinas (2003).
Saunders, A., Cornett, M.M. (2015). Financial Markets and Institutions An Introduction to the Risk Management
th
Approach. (6 Edition), New York: McGraw-Hill/Irwin. (Textbook)
CLASS POLICIES:
1. Classroom Discussion The professor will discuss certain topics/principles and relate these to the actual
practice. There will always be student participation through recitation.
2. Problem-Based/Case Method Approach
a. Students will be assigned individual and/or group caselets/problems for individual or group
presentation. They will present the solutions in class by applying the various principles covered by the
course. The caselets/problems will be used to illustrate these principles. The professor/instructor and
other non-reporting/non-presenting students will ask questions about the caselets/problems and
solutions. The professor/instructor will summarize the principles covered by the caselets/problems.
Non-reporting students are also required to solve the caselets/problems before coming to class. The
solutions will also be checked by the professor/instructor.
b. Students will also be assigned cases and/or business articles for classroom discussion. They are
required to read these cases and/or business articles before coming to class. The students will be
required to summarize these cases and/or business articles, relate these to the principles covered by
the course, and identify the relevant issues and problems. The professor/instructor will act as the
facilitator.
3. Formal Case Analysis/Reports
a. The case (financial statement analysis and risk management) will be presented in front of the class.
b. Written case reports (financial statement analysis and risk management) will also be prepared following
the prescribed format.

Page 8 of 8