Republic of the Philippines

UNIVERSITY OF EASTERN PHILIPPINES

COLLEGE OF BUSINESS ADMINISTRATION
Department of Accountancy
University Town, Northern Samar
COURSE SYLLABUS
st
1 Semester: SY 2015-2016
I.

Vision

A world-class university.
II.

Mission

To develop the learners into well-rounded persons imbued with an enlightened sense
of nationalism, and a strong commitment to service, globally relevant, honest,
hardworking, competent, efficient and effective accelerators of progress.
III.

Goals

To provide quality education through instruction, research, extension and production

in the fields of Accountancy, Business Economics, Cooperatives, Entrepreneurship,
Hotel and Restaurant Management, Management, Marketing and other business related
courses.
IV.

Objectives

1. To provide a means for the students to acquire adequate accounting education and
training so that after graduation they can pass the CPA Licensure Board Examination
and/or be employed immediately in business industry and in government.
2. To provide the students the adequate knowledge, proficiency, and intellectual abilities
in the field of Accountancy for them to grow into fully qualified professionals.
3. To provide a means to develop the students critical thinking, research ability, moral
character, personal discipline and other desirable traits for them to be an asset to the
community, the industry, in government and the nation as a whole.
V.
VI.
VII.
VIII.

Course Number
Course Title
Credit Units
Time Duration

:
:
:
:

IX.

Objectives
:
Upon completion of this course, students should be able to:
1. Understand the concepts of and apply the accounting procedures for recording and
reporting transactions of partnerships, joint venture enterprises, consignment sales,
installment sales, long-term construction contracts, franchise fees, branches and
agencies, fire insurance and build-operate-transfer schemes
2. Be prepared for CPA licensure examination topics related to accounting for
partnerships, joint venture enterprises, consignment sales, installment sales, longterm construction contracts, franchise fees, branches and agencies, fire insurance
and build-operate-transfer schemes

X.

Course Content

Accounting 10
Advanced Accounting 1
3 Units
54 Hours

LEARNING CONTENT/SUBJECT MATTER

1. Subject Orientation
Value Aim/s:
To elicit and instil love for the school and degree program from the students
1.1.
Mission, Vision, Goals and Objectives
1.2.
Class Policies
1.3.
Course Syllabus

TIME
ALLOTMENT
1 hr

2. Partnership Nature, Formation and Operations

6 hrs
Value Aim/s:
To understand the nature and characteristics of a partnership and to record and report transactions
relating to its formation and operations
1.1
Nature, definition, characteristics
1.2
Formation
1.3
Operation
1.4
Financial statements preparation
3. Partnership Dissolution
6 hrs
Value Aim/s:
To identify the reasons for dissolution of a partnership and to record and report the dissolution in
the partnerships book of accounts
3.1.
Admission of new partner
3.2.
Retirement or withdrawal of a partner
3.3.
Death, incapacity, bankruptcy of a partner
3.4.
Incorporation of a partnership
4. Partnership Liquidation
8 hrs
Value Aim/s:
To identify and familiarize with the methods of liquidation and how to record and report the
liquidation in the partnerships book of accounts
4.1.
Dissolution with liquidation
4.2.
Liquidation types lump sum and instalment
4.3.
Procedures in liquidation
4.4.
Journal entries and preparation of statement of liquidation
5. Consignment Sales
3 hrs
Value Aim/s:
To understand the nature of consignment sales and the accounting procedures to record and report
related transactions
5.1.
Definition, nature, characteristics
5.2.
Accounting for consignment sales
6. Installment Sales
6 hrs
Value Aim/s:
To understand the nature and characteristics of an installment sales contract and the accounting
procedures to record and report installment sales
6.1.
Definition, nature, characteristics
6.2.
Installment sales method real estate & merchandise
6.3.
Procedures for calculating realized gross profit
6.4.
Financial statements preparation with allocation of cost of goods sold
6.5.
Special problems in installment sales (defaults and repossessions, trade-ins,
interest on unpaid balance)
6.6.
Installment sales for real estate dealers
7. Accounting for Long-Term Construction Contracts
6 hrs
Value Aim/s:
To understand the nature of the construction business, construction contracts, and the accounting
procedures to record and report related transactions
7.1.
Nature of construction business
7.2.
Definition of terms and accounts used
7.3.
Percentage of completion / cost recovery method
7.4.
Journal entries and preparation of financial statements

8. Accounting for Franchise Fee

6 hrs
Value Aim/s:
To understand the nature and characteristics of the franchising business and the
accounting procedures to record and report its transactions
8.1.
Nature and definition
8.2.
Methods of accounting for initial franchise fee and related cost of franchise
revenue [Prior to substantial performance of services, Upon substantial
performance of services (accrual & installment sales method)]
9. Joint Arrangements (PFRS 11)
6 hrs
Value Aim/s:
To understand the nature and forms of joint arrangements and the accounting procedures to record
and report related transactions
9.1.
Nature, forms and structure
9.2.
Joint operations and joint venture
9.3.
Investment in joint venture for SMEs
10. Accounting for financially distressed corporations
10.1. Corporate liquidation
10.2. Reorganization
10.3. Troubled debt restructuring

XI.

6 hrs

Course Requirements
:
Evaluation of the students performance in this course will be based on the following
criteria: Class Participation- Group and Individual Projects and Reports (30%), QuizzesWritten and Oral(30%), Mid-term examination and Final examination (40%).
The Table of Specification for the Mid-Term Examination is given below:
CHAPTER
Hours
Number of Questions in the
Total
Alloted
Different Levels of Difficulty
Number of
Medium (50%)
Difficult (50%)
Questions
by Chapter
1
6 hrs
4
4
8
2
6 hrs
4
4
8
3
8 hrs
5
5
10
4
3 hrs
2
2
4
5
6 hrs
5
5
10
Total
29 hrs
40

XII.

The Table of Specification for the Final Examination is given below:

CHAPTER
Hours
Number of Questions in the
Total
Alloted
Different Levels of Difficulty
Number of
Medium (50%)
Difficult (50%)
Questions
by Chapter
6
6 hrs
5
5
10
7
6 hrs
5
5
10
8
6 hrs
5
5
10
9
6 hrs
5
5
10
Total
24 hrs
40
Methodologies/Techniques :
Lecture
Quizzes and examinations
Board Work
Seat Work
Micro-teaching
Problem Solving
Brainstorming

XIII.

Textboook/References

Advanced Accounting One Principles and Procedural Applications by

Pedro P. Guerrero and Jose F. Peralta
Advanced Accounting Volume I by Antonio J. Dayag

Prepared by:

JOAN T. ESPONILLA
Faculty Member, Accountancy Department

Noted by:

JADE B. TAN, CPA, MBA

Chair, Accountancy Department

Approved:

AURORA A. CALADES, DBA

Dean, College of Business Administration