POLYTECHNIC UNIVERSITY OF THE PHILIPPINES

OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS

COLLEGE OF ACCOUNTANCY AND FINANCE
Department of Accountancy and Management Accounting
_________________________________________________________________________________________________________________________________________

OUTCOMES-BASED COURSE SYLLABUS

COURSE INFORMATION

Course ACCO Course Title CONCEPTUAL FRAMEWORK AND ACCOUNTING STANDARDS Course Credit 3.0
Code 103

Course Description The course is a study of accounting function, its role in society, and the theory that provides the foundation for modern financial reporting. This will include
the development of the accounting profession and its standard-setting bodies. It will also include an understanding of the Philippine Financial Reporting
Standards and how these standards affect financial accounting and reporting for business entities. This will also include detailed discussion of conceptual
framework, presentation of financial statements in accordance with Philippine Accounting Standard (PAS) 1 and 7, events after the reporting period, cash
to accrual accounting and single-entry system, interim financial reporting, operating segments, and related party disclosures.

Pre-Requisites ACCO 101: Financial Accounting and Reporting Co-Requisites ACCO 102: Intermediate Accounting 1

VISION A Leading Comprehensive Polytechnic University in Asia

MISSION Advance an inclusive, equitable, and globally relevant polytechnic education towards national development.
The Polytechnic University of the Philippines commits to provide inclusive and equitable quality education and promote
lifelong learning opportunities for human advancement and social transformation through re-engineered polytechnic
QUALITY POLICY STATEMENT academic programs. Toward this end, we, the members of the PUP Community will vigorously and steadfastly endeavor
to continuously improve the standard of university services to the satisfaction of our clients through the adoption and
continuous review of our Quality Management System.
1. Critical and Creative Thinking. Graduates use their rational and reflective thinking as well as innovative abilities to life
situations in order to push boundaries, realize possibilities, and deepen their interdisciplinary, multidisciplinary, and/or
transdisciplinary understanding of the world.
2. Effective Communication. Graduates apply the four macro skills in communication (reading, writing, listening, and
speaking), through conventional and digital means, and are able to use these skills in solving problems, making
INSTITUTIONAL LEARNING OUTCOMES decisions, and articulating thoughts when engaging with people in various circumstances.
3. Strong Service Orientation. Graduates exemplify strong commitment to service excellence for the people, the
(ILO) clientele, industry and other sectors.
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS
COLLEGE OF ACCOUNTANCY AND FINANCE
Department of Accountancy and Management Accounting
_________________________________________________________________________________________________________________________________________

4. Adept and Responsible Use or Development of Technology. Graduates demonstrate optimized and responsible use
of state-of-the-art technologies of their profession. They possess digital learning abilities, including technical,
numerical, and/or technopreneurial skills.
5. Passion for Lifelong Learning. Graduates perform and function in society by taking responsibility in their quest for further
improvement through lifelong learning.
6. Leadership and Organizational Skills. Graduates assume leadership roles and become leading professionals in their
respective disciplines by equipping them with appropriate organizational skills.
7. Personal and Professional Ethics. Graduates manifest integrity and adherence to moral and ethical principles in their
personal and professional circumstances.
8. Resilience and Agility. Graduates demonstrate flexibility and the growth mindset to adapt and thrive in the volatile,
uncertain, complex and ambiguous (VUCA) environment.
9. National and Global Responsiveness. Graduates exhibit a deep sense of nationalism as it complements the need to
live as part of the global community where diversity is respected. They promote and fulfill various advocacies for
human and social development.

The College aims to:

1. Ensure the development of globally competitive professionals, managers and leaders in the field of accountancy,
finance and other allied disciplines through excellent and relevant and responsive accountancy and finance education
accessible to all Filipinos specifically to the socio economically disadvantaged population.
2. Ascertain the generation and diffusion of knowledge and technologies in the broad range of disciplines, relevant and
allied to accountancy and finance through continuing education and research, information and communication
COLLEGE GOALS technology, networking, and linkages with local, national and foreign organization
3. Strengthen/enhance its organizational capability to become the leader in advocating reforms and innovations and
fulfilling its social responsibility commitment through research and development studies, and extension and consultative
services.
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS
COLLEGE OF ACCOUNTANCY AND FINANCE
Department of Accountancy and Management Accounting
_________________________________________________________________________________________________________________________________________

After finishing the program, its graduates are expected Alignment to ILOs
to: 1 2 3 4 5 6 7 8 9
1. Resolve and recommend solutions to business issues
and problems, with a global and strategic perspective
using critical thinking and technical proficiency in the
areas of financial accounting and reporting, auditing, ✓ ✓ ✓
advanced financial accounting and reporting,
management services, taxation, regulatory framework
for business transactions, and information systems.
PROGRAM LEARNING OUTCOMES
(PLO) 2. Conduct accountancy 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 and ✓ ✓
communicating reports and making decisions.

4. Apply knowledge and skills that will successfully

respond to various types of assessments (including ✓ ✓
professional licensure and certifications).

5. Confidently maintain a commitment to strong service

orientation, good corporate leadership and citizenship,
social responsibility and ethical practice in performing ✓ ✓ ✓
functions as an accountant.
6. Demonstrate dedication to lifelong learning and
flexibility in adapting to the changing business,
economic and regulatory environments, and ✓ ✓
accounting and auditing standards.
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS
COLLEGE OF ACCOUNTANCY AND FINANCE
Department of Accountancy and Management Accounting
_________________________________________________________________________________________________________________________________________

Alignment to PLOs
1 2 3 4 5 6
• Record financial transactions in compliance with
generally accepted accounting and reporting
standards (both global and local) for sole
proprietorships, partnerships, corporations, government
and not-for-profit organizations.
• Prepare Accountancy reports such as budgets and
business plans using appropriate framework
• Conduct financial and operational audits of all types of
business enterprise and not-for-profit organization ✓
• Prepare individual and corporate income tax returns
and conduct basic tax planning in compliance with
relevant legislations and regulations.
• Perform cost-benefit analysis for management decision.
• Design and implement a management control and
performance system
• Communicate effectively the results and financial
PERFORMANCE INDICATORS analysis.
(PI)
• Design an appropriate research plan
• Prepare a critical review of related literature
• Analyze results of study and discuss implications and ✓
contributions to body of knowledge
• Present findings and conclusions of study
• Communicate effectively the recommendations.

• Customize an accounting software to a particular

business entity
• Develop a financial model using spreadsheet software
• Analyze the performance of a particular business entity
using appropriate accounting software tools and ✓
functions.
• Generate and communicate effectively the financial
and non-financial results
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS
COLLEGE OF ACCOUNTANCY AND FINANCE
Department of Accountancy and Management Accounting
_________________________________________________________________________________________________________________________________________

• Perform accounting-related work in actual workplace

based on pre-set standards
• Pass licensure examinations or qualify for professional ✓
accreditations/certifications

• Promote adherence to legitimate and acceptable

ethical objectives of an organization
• Communicate limitations or other constraints that would
preclude responsible judgment or successful ✓
performance of an activity such as in the practicum or
on-the-job training

• Prepare and communicate financial and non-financial

reports using the updated business, economic and
regulatory environments, and accounting and auditing ✓
standards

Alignment to PLOs
After completing this course, learners should be able to: 1 2 3 4 5 6
a. Describe the development of financial reporting
framework and standard-setting bodies; L P P
b. Explain essential features of the conceptual framework
for financial reporting; L P P
COURSE LEARNING OUTCOMES c. Understand the presentation of financial statements in
accordance with Philippine Accounting Standard (PAS) L P P
(CLO) 1 and 7, and the events after the reporting period;
d. Understand and apply the components of interim, and
segment reporting, and related party disclosures; and L P P
e. Understand the process of converting cash to accrual
records, and single-entry system.
L P P
Legend: L- Facilitate learning of competencies; P- Allow student to practice competencies; O- Provides opportunity for development
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS
COLLEGE OF ACCOUNTANCY AND FINANCE
Department of Accountancy and Management Accounting
_________________________________________________________________________________________________________________________________________

OUTCOMES-BASED TEACHING AND LEARNING PLAN (OBTL PLAN)

Instructional Delivery Design Alignment to
CLOs
Desired Learning Outcomes Assessment
Week Learning Content/Topics Flexible Learning and Teaching Activities
(DLOs) Face-to-Face (FLTAs)
Synchronous Asynchronous 1 2 3 4 5
1-2 At the end of the lesson, the Development of Financial Lecture/discussions Lecture/discussions Students will be Formative Assessment: ✓
student will be able to: Reporting Framework and about the topics about the topics asked to research • Assignment
• describe the purpose of Standard-Setting Bodies and read the • Seatwork/Groupwork
accounting and financial Guide the Guide the development of • Recitation
reporting; students in students in financial reporting
• identify the need for understanding the understanding the framework, and
information of the users of development of development of knowing the Summative Assessment:
accounting information; financial reporting financial reporting standard-setting • Pencil-Paper test (Quiz
• describe the branches of framework, and framework, and bodies & Departmental
accounting; knowing the standard- knowing the standard- Examinations)
• discuss the development of setting bodies setting bodies
accounting standards and
financial reporting
standards;
• identify the organizations
involved in the
promulgation of the
accounting standards;
• describe the regulation and
environment of the
accounting profession in
the Philippines;
• describe the due process of
developing the
international financial
reporting standards; and
• describe the due process of
developing and
promulgating Philippine
Financial Reporting
Standards.
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS
COLLEGE OF ACCOUNTANCY AND FINANCE
Department of Accountancy and Management Accounting
_________________________________________________________________________________________________________________________________________

2-4 At the end of the lesson, the Conceptual Framework for Lecture/discussions Lecture/discussions Students will be Formative Assessment: ✓
student will be able to: Financial Reporting (2018) about the topics about the topics asked to research • Assignment
• state the purpose and and read the • Seatwork/Groupwork
status of the Conceptual Guide the Guide the conceptual • Recitation
Framework for Financial students in students in framework for
Reporting; understanding and understanding and financial reporting
• explain the objective of the applying the applying the Summative Assessment:
general purpose financial conceptual framework conceptual framework • Pencil-Paper test (Quiz
reporting and the for financial reporting for financial reporting & Departmental
information needs of its Examinations)
users; Students to present Students to present
• enumerate the qualitative their their
characteristics of useful solutions/computations solutions/computations
financial information and to the assigned to the assigned
illustrate their application; problems problems
• explain what a reporting
entity is;
• illustrate the application of
the going concern
assumption and accrual
basis of accounting;
• define the elements of the
financial statements and
explain the criteria for their
recognition and the bases
for their measurement;
• discuss the concepts
applied for derecognition
of assets and liabilities;
• explain how an entity can
effectively communicate its
financial information
through financial statement
presentation and
disclosure; and
• discuss the two concepts of
capital and the two
concepts of capital
maintenance.
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS
COLLEGE OF ACCOUNTANCY AND FINANCE
Department of Accountancy and Management Accounting
_________________________________________________________________________________________________________________________________________

5-7 At the end of the lesson, the Presentation of Financial Lecture/discussions Lecture/discussions Students will be Formative Assessment: ✓
student will be able to: Statements (IAS 1 and IAS 7) about the topics about the topics asked to research • Assignment
• describe the objective of and read the • Seatwork/Groupwork
the financial statements; Guide the Guide the presentation of • Recitation
• enumerate the students in students in financial
components of financial understanding and understanding and statements,
statements and their applying the applying the classification of Summative Assessment:
respective uses; presentation of presentation of entities based on Pencil-Paper test (Quiz &
• describe the hierarchy in financial statements financial statements applicability of Departmental
the formation of financial reporting Examinations)
accounting policies by the Students to present Students to present frameworks and
management; their their different Philippine
• state and apply the general solutions/computations solutions/computations financial reporting
features in the presentation to the assigned to the assigned frameworks
of the financial statements; problems problems
• explain the limitations of the
financial statements;
• classify the entities based
on applicability of financial
reporting frameworks; and
• identify the different
Philippine financial
reporting frameworks and
their applicability.
8 At the end of the lesson, the Events After the Reporting Lecture/discussions Lecture/discussions Students will be Formative Assessment: ✓
student will be able to: Period (IAS 10) about the topics about the topics asked to research • Assignment
• understand the concept and read the • Seatwork/Groupwork
and know the types of Guide the Guide the events after the • Recitation
events after the reporting students in students in reporting period.
period; and understanding and understanding and
• describe the recognition of applying the events applying the events Summative Assessment:
adjusting and non-adjusting after the reporting after the reporting Pencil-Paper test (Quiz &
events. period period Departmental
Examinations)
Students to present Students to present
their their
solutions/computations solutions/computations
to the assigned to the assigned
problems problems
9 MIDTERM DEPARTMENTAL EXAMINATION
10-11 At the end of the lesson, the Interim Reporting (IAS 34) Lecture/discussions Lecture/discussions Students will be Formative Assessment: ✓
student will be able to: about the topics about the topics asked to research • Assignment
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS
COLLEGE OF ACCOUNTANCY AND FINANCE
Department of Accountancy and Management Accounting
_________________________________________________________________________________________________________________________________________

• define interim financial and read actual • Seatwork/Groupwork

statements and understand Guide the Guide the interim financial • Recitation
its purpose; students in students in reports
• enumerate the understanding and understanding and
components of interim applying the concepts applying the concepts Summative Assessment:
financial statements; and of interim reporting of interim reporting • Pencil-Paper test (Quiz
• recognize and measure & Departmental
items reported in the interim Students to present Students to present Examinations)
financial statements. their their
solutions/computations solutions/computations
to the assigned to the assigned
problems problems
12-13 At the end of the lesson, the Segment Reporting (IFRS 8) Lecture/discussions Lecture/discussions Students will be Formative Assessment: ✓
student will be able to: about the topics about the topics asked to research • Assignment
• define operating segments; and read actual • Seatwork/Groupwork
• identify and apply the Guide the Guide the segment reports • Recitation
criteria for reportable students in students in
segments; and understanding and understanding and
• understand the entity-wide applying the concepts applying the concepts Summative Assessment:
disclosures in accordance of segment reporting of segment reporting • Pencil-Paper test (Quiz
with IFRS 8. & Departmental
Students to present Students to present Examinations)
their their
solutions/computations solutions/computations
to the assigned to the assigned
problems problems
14-15 At the end of the lesson, the Related Party Disclosures (IAS Lecture/discussions Lecture/discussions Students will be Formative Assessment: ✓
student will be able to: 24) about the topics about the topics asked to research • Assignment
• understand the purpose of and read actual • Seatwork/Groupwork
related party disclosures; Guide the Guide the related party • Recitation
and students in students in disclosures
• identify the required understanding the understanding the
disclosures related to IAS 24. related party related party Summative Assessment:
disclosures disclosures Pencil-Paper test (Quiz &
Departmental
Students to present Students to present Examinations)
their their
solutions/computations solutions/computations
to the assigned to the assigned
problems problems
16-17 At the end of the lesson, the Cash to Accrual Basis and Lecture/discussions Lecture/discussions Students will be Formative Assessment: ✓
student will be able to: Single-Entry System about the topics about the topics asked to research • Assignment
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS
COLLEGE OF ACCOUNTANCY AND FINANCE
Department of Accountancy and Management Accounting
_________________________________________________________________________________________________________________________________________

• understand the features of and read actual • Seatwork/Groupwork

a single-entry system of Guide the Guide the application of cash • Recitation
accounting and students in students in to accrual
differentiate from double understanding and understanding and accounting, and
entry system; applying the concepts applying the concepts single-entry system Summative Assessment:
• compute revenue and of cash to accrual of cash to accrual Pencil-Paper test (Quiz &
expense items on an accounting, and accounting, and Departmental
accrual basis taken from single-entry system single-entry system Examinations)
the records of entities using
cash basis accounting and Students to present Students to present
single-entry system; and their their
• prepare financial solutions/computations solutions/computations
statements based on to the assigned to the assigned
incomplete accounting problems problems
records.
18 FINAL DEPARTMENTAL EXAMINATION

LIST OF REFERENCES
• Robles, Nenita S. and Empleo, Patricia M. Intermediate Financial Reporting, 2023 Edition, PME Publishing Corporation
• Robles, Nenita S. and Empleo, Patricia M. The Philippine financial reporting : conceptual framework and accounting standards, 2019 Edition. Millennium Books Inc.
• Conceptual Framework for Financial Reporting (2018 version), https://www.ifrs.org/projects/2018/conceptual-framework/
• IAS 1: Presentation of Financial Statements, https://www.ifrs.org/issued-standards/list-of-standards/ias-1-presentation-of-financial-statements/
• IAS 7: Statement of Cash Flows, https://www.ifrs.org/content/dam/ifrs/publications/pdf-standards/english/2021/issued/part-a/ias-7-statement-of-cash-flows.pdf
• IAS 10: Events after the Reporting Period, https://www.ifrs.org/issued-standards/list-of-standards/ias-10-events-after-the-reporting-period/
• IAS 24: Related Party Disclosures, https://www.ifrs.org/issued-standards/list-of-standards/ias-24-related-party-disclosures/
• IAS 34: Interim Financial Reporting, https://www.ifrs.org/issued-standards/list-of-standards/ias-34-interim-financial-reporting/
• IFRS 8: Operating Segments, https://www.ifrs.org/issued-standards/list-of-standards/ifrs-8-operating-segments/
• HF 5626 .P45 2018. Philippine financial reporting standard for small entities : (with illustrative financial statements)
• HF 5626 .I58 2018 v.1-v.3. Barnes, Jeremy. International GAAP® 2018 : generally accepted accounting practice under international financial reporting standards
• HF 5626 .I594 .W55 2016. Chaudhry, Asif. Wiley 2016 interpretation and application of international financial reporting standard
• Instructional Materials

CLASSROOM POLICY
FACE-TO-FACE DELIVERY FLEXIBLE TEACHING AND LEARNING ACTIVITIES (FLTAs)
Synchronous:
The allowed number of absences for students enrolled in ACCO 103 with once-a- 1. Be in virtual classroom at least five (5) minutes before the scheduled class to resolve connection issues.
week meeting is four (4). Request for excused absences or waiver of absences must 2. Wear smart casual attire. Sleeveless and sandos are not allowed. From time to time, your professor may
be presented upon reporting back to class. Special examinations will be allowed ask you to turn on your camera. This is true especially during class recitation.
only in special cases, such as prolonged illness. It is the responsibility of the student 3. You should be seated for the duration of the meeting and if you need to attend to urgent matters during
to monitor his/her own tardy incidents and absences that might accumulate class that will take some time, please inform your instructor using the chat box and wait for his/her
approval.
 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS
COLLEGE OF ACCOUNTANCY AND FINANCE
Department of Accountancy and Management Accounting
_________________________________________________________________________________________________________________________________________

leading to a grade of “FA,” (Failed due to Absences). It is also his/her responsibility 4. Find a quiet place conducive for learning and turn off or put into silent mode any cellphones, TV, and
to consult with the teacher, chair or dean should his/her case be of special nature. radio.
5. Use headphones/earphones during class.
All BSA and BSMA students are expected to be academically honest. Cheating, 6. Mute the microphone when you are not speaking.
lying and other forms of immoral and unethical behavior will not be tolerated. Any 7. If you have any question or clarification, please do one of the following:
student found guilty of cheating in examinations will (at a minimum) receive a ➢ Click the “Raise Hand” function on the MS Teams/Zoom Screen and wait to be called/recognized before
grade of 5.0 in the said test. unmuting your microphone. When done, mute your microphone again.
➢ You may use the chat box.
8. Attendance will be monitored every session.
➢ Students are encouraged to attend synchronous class regularly and promptly.
➢ If you cannot attend the class, for any reasons (such as a family emergency), please inform your
Professor.
➢ A student must be responsible for what transpired if he/she missed a class. A student may contact
another classmate or his professor to find out what he/she missed in class.
9. Show respect to your faculty and address them as Dr., Prof., or Ms. or Mr.
10. Observe courtesy at all times.

Asynchronous
1. You are expected to read, review or study the materials made available for you in the virtual classroom.
2. Your Professor will be online to answer all queries pertaining to the subject/course during your regular class
schedule.

COURSE REQUIREMENT/S GRADING SYSTEM

Class Standing
Quizzes 50%
Assignments, seat works/groupworks and other activities 20%
Departmental examination 30%
Total 100%
(Midterm Grade + Final Term Grade) ÷ 2 = Final Grade*
*To be translated using the PUP Grading System found in the recent Student Handbook
CLASS INFORMATION FACULTY INFORMATION
Section: Name of Faculty:
Time: Consultation Time:

Room: Office Tel. No./ Mobile Phone No.

Semester: Institutional Email:

 POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
OFFICE OF THE VICE PRESIDENT FOR ACADEMIC AFFAIRS
COLLEGE OF ACCOUNTANCY AND FINANCE
Department of Accountancy and Management Accounting
_________________________________________________________________________________________________________________________________________

Suggested Rubrics for Assessment

A. Students shall be graded or marked in accordance with the following system based on the Student Handbook:

GRADE/MARK PERCENTAGE/ EQUIVALENCE DESCRIPTION

1.0 97-100 Excellent
1.25 94-96 Excellent
1.50 91-93 Very Good
1.75 88-90 Very Good
2.0 85-87 Good
2.25 82-84 Good
2.50 79-81 Satisfactory
2.75 76-78 Satisfactory
3.0 75 Passing
5.0 65-74 Failure
Inc. Incomplete
W Withdrawn

Prepared by: Reviewed and checked by: Recommending Approval: Approved by:

RHENZ NICOLE M. PARADA, MBA, CPA MARIETTA M. DOQUENIA, MBA, CPA JULIETA G. FONTE, PhD, CPA EMANUEL C. DE GUZMAN, PhD
Faculty Chairperson Dean Vice President for Academic Affairs

Form No. ______________________

Revision No. ___________________
Date of Approval _______________
Semester ______________________
Academic Year _________________