Tarlac State University: Collegeof Business and Accountancy Department: Accountancy
Tarlac State University: Collegeof Business and Accountancy Department: Accountancy
VISION Tarlac State University is envisioned to be a premier university in Asia and the Pacific.
Tarlac State University commits to promote and sustain the offering of quality and programs in higher and advanced education
ensuring equitable access to education for people empowerment, professional development, and global competitiveness.
Towards this end, TSU shall:
1. Provide high quality instruction trough qualified, competent and adequately trained faculty members and support
MISSION staff.
2. Be a premier research institution by enhancing research undertakings in the fields of technology and sciences and
strengthening collaboration with local and international institutions.
3. Be a champion in community development by strengthening partnership with public and private organizations and
individuals.
E - xcellence
Q - uality
U - nity
CORE VALUES I - ntegrity
T - rust in God, Transparency & True Commitment
Y - earning for Global Competitiveness
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OBTL Plan AFAR 2: Accounting for Special Transaction
Program Goals
To produce competent and ethical professional accountants, with an attitude of “learning to learn,” capable of adapting to change, and providing relevant contributions to the profession
and society in which they work.
Program Outcomes
GRADUATE should be able to:
1. Resolve business issues and problems with a global and strategic perspective using knowledge and technical proficiency in the areas of financial accounting and reporting, cost
accounting and management, accounting and control, taxation, and accounting information systems;
2.Conduct Accountancy/Accounting Information System research through independent studies of relevant literature and appropriate use of accounting theory and methodologies;
3. Employ technology as a business tool in capturing financial and non-financial information, generating reports and making decisions;
4. Apply knowledge and skills to successfully respond to various type of assessments; and (including professional licensure and certifications); and
5. Confidently maintain a commitment to good corporate citizenship, social responsibility and ethical practice in performing functions as an accountant.
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OBTL Plan AFAR 2: Accounting for Special Transaction
evaluation of financial and other special reports formative and summative examinations. Formative examinations will be conducted per
needed by specific businesses topic or group of related topics. While summative examinations are divided into two,
midterm examination and final term examination. It can be done either through the
traditional proctored pen and paper test (if permitted by circumstances) or automated
examinations with the use of technology or electronic media websites and various
application for test measurements (if face to face is not allowed). To achieve the
outcomes expected from the accounting graduates, the formative and summative
assessments can be done in multiple choice questions, true or false, essay, problem
solving, creating financial statements, working papers or reports, and the likes.
LEARNING PLAN
Flexible Teaching
Textbook/ Assessment of Resource Time
Desired Learning Outcomes (DLOs) Course Content/Subject Matter and Learning
References Tasks (ATs) Materials Table
Activities (FTLAs)
Explain the role of the students, the faculty Introduction to Blended/ Flexible Learning TSU Code Online Discussion Poll Questioning LMS and Week
and the TSU administration in the conduct as applied to Tertiary Education. Student Manual of the pertinent (Optional - other 1
of blended/ flexible learning. i. Students Role College Code preliminaries in the Bonus Points) educational
ii. Instructors Role Various TSU conduct of platforms
TSU Administration Role Memo and blended/flexible (MS Teams,
Guidelines in the learning as applied Zoom,
conduct of to Tertiary Facebook,
blended / flexible Education. etc.)
learning.
1. Define and explain the purpose nature Chapter 1. Partnership Formation Millan, Use of online Attendance Internet Week
of partnership and how is differ from other i. Introduction Accounting for lecture (Slides, connection 1-5
business organizations. ii. Partnership as a Business Special Videos and Online Poll Questioning Electronic
2. Recognize the advantages and Organization Transactions discussion) during Lecture device
disadvantages of a Partnership business. iii. Accounting for Partnership 2018e Discussion LMS and
3. Identify the different forms of partnership, (Concept) Use of poll other
and the different kinds of partners. iv. Accounting for Partnership Dayag, Advanced questioning during Oral Exercises educational
4. Journalize Partnership transactions Formation Financial lecture discussion platforms
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OBTL Plan AFAR 2: Accounting for Special Transaction
relating to formation, operation, v. Bonus or Revaluation approach Accounting and Portfolio Journal (MS Teams,
dissolution and liquidation on Initial Investments Reporting 2019e Use of scheduled for work Zoom,
5. Prepare, Analyze and interpret and unannounced exercises Facebook,
Partnership financial statements Chapter 2. Partnership Operations Guerrero, oral exercises etc.)
6. Understand the concept and the different i. Distribution Of Profit Or Losses Advanced Formative Portfolio
methods on how to divide profit and ii. Methods of Dividing Profit or Loss Accounting Use of case study Examinations Journal
losses of the Partnership to partners. iii. Illustration (Procedural and related articles Printed
7. Appreciate and recognize Changes in iv. Financial Statements For A Approach) Summative Module
the profit and loss ratio and can prepare Partnership Use of work Examinations Video Links
corrections on errors of Partnership net v. Changes In The Profit And Loss Baysa and exercises such as Slides
income in prior periods. Ratio Lupisan, theoretical Case Study
8. Define, and identify the nature, and scope vi. Correction Of Partnership Net Advanced application and and related
of Partnership dissolution. Income in Prior Period Accounting 2018 problem solving articles
9. Categorize the different factors that e
causes dissolutions Chapter 3. Partnership Dissolution
10. Identify the difference between admission i. Nature of Partnership Dissolution
of partner/s by means of purchase of ii. Accounting for Partnership
interest against by means of investment. Dissolution
11. Solve problems relating to different iii. Admission of Partner (Purchase
causes of dissolution. of interest, Revaluation of asset
12. Define, and explain the nature and scope and Investment in partnership)
of Partnership Liquidation in general. iv. Withdrawal, Retirement or Death
13. Determine and prepare the different steps of a Partner
in liquidating the partnership on a v. Incorporation of a Partnership
lumpsum and on installment basis
14. Prepare schedule of safe payment and Chapter 4. Partnership Liquidation
cash priority program. And identify the i. Liquidation
difference in their preparation. ii. Procedures in Liquidation
iii. Methods of Liquidation
iv. Pro-forma Entries
v. Lump-sum Liquidation
vi. Installment Liquidation
vii. Schedule of Safe Payments
Cash Priority Program
Millan, Use of online Attendance Internet Week
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1. Understand the accounting concept of Chapter 5. Corporate Liquidation Accounting for lecture (Slides, connection 5- 6
distressed corporation. i. Introduction Special Videos and Online Poll Questioning Electronic
2. Journalize transactions needed in ii. Corporate Liquidation Transactions discussion) during Lecture device
liquidation. iii. Statement of Affairs 2018e Discussion LMS and
3. Prepare and determine the different iv. Statement of Deficiency Use of poll other
terminologies utilized in preparing the v. Statement of Realization and Dayag, Advanced questioning during Oral Exercises educational
statement of Affairs, deficiency Liquidation Financial lecture discussion platforms
statements and statement of realization Accounting and Portfolio Journal (MS Teams,
and liquidation Reporting 2019e Use of scheduled for work Zoom,
4. Evaluate, and analyze the above and unannounced exercises Facebook,
mentioned statements and appreciate Guerrero, oral exercises etc.)
their importance . Advanced Formative Portfolio
Accounting Use of case study Examinations Journal
and related articles Printed
Summative Module
Use of work Examinations Video Links
exercises such as Slides
theoretical Case Study
application and and related
problem solving articles
Flexible Teaching
Textbook/ Assessment of Resource Time
Desired Learning Outcomes (DLOs) Course Content/Subject Matter and Learning
References Tasks (ATs) Materials Table
Activities (FTLAs)
1. Understand the application of the Chapter 6. Revenue Recognition – Millan, Use of online Attendance Internet Week
general and specific principles of PFRS Contracts with Customers (PFRS15) Accounting for lecture (Slides, connection 7-8
15 to account for revenues from i. Introduction Special Videos and Online Poll Questioning Electronic
construction contracts, franchise ii. Core Principle of IFRS 15 Transactions discussion) during Lecture device
contracts and revenues from iii. The Five-Step Process 2018e Discussion LMS and
consignment contracts. iv. Contract Costs Use of poll other
2. Recognize the five –steps process in v. Presentation Dayag, Advanced questioning during Oral Exercises educational
revenue recognition vi. Other Revenue Recognition Financial lecture discussion platforms
3. Specify some other revenue recognition Issues Accounting and Portfolio Journal (MS Teams,
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1. Define the purpose, nature, scope, and Chapter 9. Home Office, Branch, and Millan, Accounting Use of online Attendance Internet Week
characteristics of home office. Agency Accounting for Special lecture (Slides, connection 12-14
2. Identify the accounting concept of a i. Branch and Agency distinguished Transactions Videos and Online Poll Questioning Electronic
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home office and understand nature of ii. Accounting for an Agency 2018e discussion) during Lecture device
establishing an agency and branch. iii. Accounting for Branch Discussion LMS and
3. Determine the advantages and Operations Dayag, Advanced Use of poll other
disadvantages of establishing an agency iv. Reciprocal Accounts Financial questioning during Oral Exercises educational
and a branch v. Individual Financial Statements Accounting and lecture discussion platforms
4. Journalize all needed entries relating to vi. Combined Financial Statements Reporting 2019e Portfolio Journal (MS Teams,
general and special transaction for vii. Reconciliation of Reciprocal Use of scheduled for work Zoom,
agency and branch operations Accounts Guerrero, and unannounced exercises Facebook,
5. Recognize the different special problems viii. Special Problems in Accounting Advanced oral exercises etc.)
in accounting for branch operations for Branch Operations Accounting Formative Portfolio
6. Prepare and appraise Combined (Shipments to branch billed at Use of case study Examinations Journal
financial statements of home office and above cost; and Inter-branch and related articles Printed
branch transactions) Summative Module
Use of work Examinations Video Links
exercises such as Slides
theoretical Case Study
application and and related
problem solving articles
1. Outline the standard and accounting Chapter 10. Foreign Currency Transaction Millan, Accounting Use of online Attendance Internet Week
concept of Foreign currency transaction i. Introduction for Special lecture (Slides, connection 15-17
and translation (PAS 12) ii. Accounting for Foreign Currency Transactions Videos and Online Poll Questioning Electronic
2. Evaluate the effect of foreign currency Transaction 2018e discussion) during Lecture device
transaction to the company’s revenue. iii. Foreign Currency Transaction Discussion LMS and
3. Appreciate the nature of Hedging and with Hedging Dayag, Advanced Use of poll other
Derivatives and their advantages and iv. Fair Value Hedge Financial questioning during Oral Exercises educational
disadvantages v. Cash flow Hedge Accounting and lecture discussion platforms
4. Identify the different methods of Hedging Reporting 2019e Portfolio Journal (MS Teams,
and how to use them as a tool in Chapter 11. Foreign Currency Translation Use of scheduled for work Zoom,
managing business. i. Introduction Guerrero, and unannounced exercises Facebook,
5. Understand the different foreign currency ii. Accounting Procedures (Current Advanced oral exercises etc.)
translation methods . and prepare Method and Temporal Method) Accounting Formative Portfolio
financial statement applying these iii. Goodwill Arising from the Principles and Use of case study Examinations Journal
methods Acquisition of Foreign Subsidiary Procedural and related articles Printed
6. Solve special problems concerning iv. Functional Currency is the Application 2017e Summative Module
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foreign currency transactions and Currency of Hyperinflationary Use of work Examinations Video Links
translations Economy PFRS 9: Financial exercises such as Slides
v. Hedge of Net Investment in Instruments theoretical Case Study
Foreign Operations application and and related
PAS 21: The problem solving articles
Effect of Changes
in Foreign
Exchange Rates
Suggested Readings
and References Textbooks:
ADVANCED FINANCIAL ACCOUNTING AND REPORTING, Dayag 2019 edition
ADVANCED ACCOUNTING, Guerrero
ACCOUNTING FOR SPECIAL TRANSACTIONS, Millan 2018 edition
Other references:
Relevant Philippine Financial Reporting Standards (PFRS)
Relevant Philippine Accounting Standards (PAS)
Relevant International Financial Reporting Interpretations Committee (IFRIC)
Course
Requirements
Grading System STUDENT PERFORMANCE EVALUATION Weight Grade Equivale Description Remark Grade Equivalence Description Remarks
nce s
Attendance, Poll Questioning and Oral 20% 1.00 98-100 Excellent Passed 3.00 75% Passing Passed
Exercises %
Portfolio Journal for work exercises 20% 1.25 95-97 Excellent Passed 3.50 75-78% C. Failure C. Failure
Formative Examinations 20% 1.50 92-94 Very Good Passed 4.00 71-74% C. Failure C. Failure
Summative Examinations 40% 1.75 89-91 Very Good Passed 5.00 Failed Failure Failed
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TOTAL 100% 2.00 86-89 Good Passed DRP Dropped Dropped Dropped
Credit Grade (Final Grade) = (Midterm Grade + 2.25 83-85 Good Passed INC Incomplete Incomplete Incomplete
Final Term Grade) / 2 2.50 80-81 Good Passed UD Unofficially Failure Failed
Dropped
2.75 78-79 Satisfactory Passed
Abide by the BSA Retention Policy to qualify for
BS Accountancy Program.
1. Microsoft Teams will be used as the primary platform in every class; thus, all students are advised to download and install the aforementioned
application. Just go to office.com. and login using your @student.tsu.edu.ph account, choose Teams from the list of applications, from there your
enrolled subjects will appear;
2. To uphold delivery of quality instruction, the class may also use added online platforms and applications like Zoom Cloud Meeting, FB
Messenger, Telegram and the like.
3. There are specific periods or schedules wherein synchronous learning shall be required. The student shall be ready as such to attend the said
scheduled meeting and make the necessary adjustments to be able to attend and be present.
4. Plagiarism in case of copyrighted articles is strictly prohibited and direct copying of classmates work will be sanctioned by not accumulating any
points, both on the part of the two or more parties involved.
5. Required output such as the Portfolio Journal for work exercises shall be submitted on the scheduled time stipulated or announced by the
instructor in charge. Failure to do so will render your portfolio non admissible for grading purposes.
Recommending Approval:
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Approved:
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