Course Code:

NATIONAL COLLLEGE OF BUSINESS AND ARTS COURSE SYLLABUS AE315-CIS

CUBAO * FAIRVIEW * TAYTAY Prerequisite:
BACHELOR OF SCIENCE IN ACCOUNTANCY

ACADEMIC YEAR 2018-2019

Credit Units
COURSE TITLE:
3 units
Auditing in CIS Environment
VISION:
The National College of Business and Arts shall be a premier school of business with its academic programs accredited by 2022.

MISSION:
The National College of Business and Arts through its educational programs and institutional activities shall produce God-Loving, Competent
and Globally Competitive graduates of business to contribute to the progress and development of the nation.

COURSE DESCRIPTION: This course develops and uses tools of financial analysis to evaluate and asses the value of individual companies in an industry context. The
focus is to learn firm, debt and equity valuation methods from both a conceptual and practical framework. While there is some new finance theory introduced in this
course, the emphasis is on the practical application and integration of finance and accounting concepts to valuing a broad range of assets.

GENERAL OBJECTIVES: Upon completion of this course, the learners are expected to:
1. A risk-based approach. This text presents a risk-based approach for identifying significant IT threats and describes the audit tests and procedures for evaluating internal controls in
the following general control areas:
2. IT Governance, including IT organizational structure, disaster recovery planning, and IT outsourcing;
3. System security, including security issues pertaining to operating systems, networks, and database systems.
4. Systems development and program change procedures.

Course Code: Course Description: Effectivity: Date revised: Page 1 of 8

AE233-VCM Valuation Concepts and Methods 2nd Sem., SY 2020 - 2021 May 30, 2019
 I. DETAILED COURSE OUTLINE

Learning Goals Content Topic Learning Outcomes OBE Methodologies Time Allotment Evaluative Measures
FIRST PRELIMINARY EXAMINATIONS COVERAGE 18 hrs.
The learners shall be able Auditing and Internal The learners are expected to be 1. Lecture/PowerPoint 4 hrs. 1. Seat works
to describe the key aspects Control able to: presentation 2. Recitation
of financial analysis and 2. Application of concepts 3. Assignments
valuation It describes the various types of 3. Classroom Q&A 4. Quizzes
audits that organizations
commission.

It distinguishes between the

auditor’s traditional attestation
responsibility and the emerging
field of advisory services.

It explains the structure of an

IT audit: the relationship
between management
assertions,
audit objectives, tests of
controls, and substantive tests
are explained.

It outlines the key points of the

COSO control framework, which
defines internal controls
in both manual and IT
environments.
The learners shall be able Auditing IT Governance The learners are expected to be 1. Lecture/PowerPoint 4 hrs. 1. Seat works
to demonstrate critical Controls able to: presentation 2. Recitation
thinking skills in the 2. Application of concepts 3. Assignments
application of techniques in Presents the risks, controls, and 3. Classroom Q&A 4. Quizzes
financial analysis and tests of controls related to IT
valuation governance.

Defining IT governance and

identifying elements of IT
governance that have
internal control and financial
reporting implications.

The learners shall be able to Security Part I: Auditing The learners are expected to be 1. Lecture/PowerPoint 4 hrs. 1. Seat works
conduct research using a Operating Systems and able to: presentation 2. Recitation
broad range of sources, Networks 2. Application of concepts 3. Assignments

Course Code: Course Description: Effectivity: Date revised: Page 2 of 8

AE233-VCM Valuation Concepts and Methods 2nd Sem., SY 2020 - 2021 May 30, 2019
synthesizing and judging Sarbanes-Oxley compliance 3. Classroom Q&A 4. Quizzes
the quality of collected regarding the security and
information and support control of operating systems,
written or oral claims communication networks,
logically and persuasively Electronic Data Interchange,
and PC based accounting
systems.

examines the risks, controls,

audit objectives, and audit
procedures that may be
performed to either satisfy
compliance or attest
responsibilities.

The learners shall be able to Security Part II: Auditing The learners are expected to be 4. Lecture/PowerPoint 4 hrs. 5. Seat works
conduct research using a Database Systems able to: presentation 6. Recitation
broad range of sources, Describe flat-file data 5. Application of concepts 7. Assignments
synthesizing and judging management, which is used in Classroom Q&A 8. Quizzes
the quality of collected many older (legacy) systems 9.
information and support that are still in operation to-
written or oral claims day.
logically and persuasively Presents a conceptual overview
of the database model and
illustrates how problems
associated with the flat-file
model are resolved under this
approach.

three common
database models: the
hierarchical, the network, and
the relational models

FIRST PRELIMINARY EXAMINATIONS 2 hrs.

Sub-total hrs. 18 hrs.

Course Code: Course Description: Effectivity: Date revised: Page 3 of 8

AE233-VCM Valuation Concepts and Methods 2nd Sem., SY 2020 - 2021 May 30, 2019
 MID-TERM EXAMINATIONS COVERAGE 18 hrs.

The learners shall be able to The learners are expected to be 1. Lecture/PowerPoint 4 hrs. 1. Seat works
apply valuation in a global Systems Development and able to: presentation 2. Recitation
context, considering the Program Change Activities 2. Application of concepts 3. Assignments
interplay of international Treatment of general control 3. Classroom Q&A 4. Quizzes
markets, and economic, issues as they relate to
social and cultural issues management and auditor
responsibilities under SOX
Section 404.

Describe the roles of the

participants involved in
developing an organization’s
information system, including
systems professionals, users, and
stakeholders.

Outlines the key activities

that constitute the systems
development life cycle (SDLC).

The learners shall be able to The learners are expected to be 1. Lecture/PowerPoint 4 hrs. 1. Seat works
Transaction Processing and able to: presentation 2. Recitation
Financial Reporting Systems 2. Application of concepts 3. Assignments
Overview 3. Classroom Q&A 4. Quizzes
Overview of transaction
processing systems (TPS) and
Financial Reporting Systems
(FRS) and presents topics that
are common to all TPS and FRS
applications.

Defines the broad objectives of

the three primary transaction
cycles and specifies the roles of
their individual subsystems.

Describes the relationships

among accounting records in
forming an audit

Course Code: Course Description: Effectivity: Date revised: Page 4 of 8

AE233-VCM Valuation Concepts and Methods 2nd Sem., SY 2020 - 2021 May 30, 2019
 trail in both manual and
computer-based systems.

The learners shall be able to Computer-Assisted Audit The learners are expected to be 1. Lecture/PowerPoint 4 hrs. 1. Seat works
Tools and Techniques able to: presentation 2. Recitation
Presents the use of Computer 2. Application of concepts 3. Assignments
Assisted Audit Tools and 3. Classroom Q&A 4. Quizzes
Techniques
(CAATTs) for performing tests of
application controls.

The learners shall be able to Data Structures and CAATTs The learners are expected to be 4. Lecture/PowerPoint 4 hrs. 5. Seat works
for Data Extraction able to: presentation 6. Recitation
5. Application of concepts 7. Assignments
Perform such tests are stored in 6. Classroom Q&A 8. Quizzes
computer files and databases. 9.

Understanding how data are

organized and accessed is central
to using data extraction tools.

Course Code: Course Description: Effectivity: Date revised: Page 5 of 8

AE233-VCM Valuation Concepts and Methods 2nd Sem., SY 2020 - 2021 May 30, 2019
 MID-TERM EXAMINATIONS 2 hrs.
Sub-total hrs. 18 hrs.

FINAL EXAMINATIONS COVERAGE 18 hrs.

The learners shall be able The learners are expected to be 1. Lecture/PowerPoint 8 hrs. 1. Seat works
to able to: presentation 2. Recitation
2. Application of concepts 3. Assignments
Auditing the Revenue Cycle Auditing procedures associated 3. Classroom Q&A 4. Quizzes
and Auditing the with the revenue and Expenditure
Expenditure Cycle

The learners shall be able Enterprise Resource The learners are expected to be 1. Lecture/PowerPoint 4 hrs. 1. Seat works
to Planning Systems able to: presentation 2. Recitation
2. Application of concepts 3. Assignments
Implementation and audit of 3. Classroom Q&A 4. Quizzes
enterprise resource planning (ERP)
systems.

Course Code: Course Description: Effectivity: Date revised: Page 6 of 8

AE233-VCM Valuation Concepts and Methods 2nd Sem., SY 2020 - 2021 May 30, 2019
The learners shall be able Business Ethics, Fraud, The learners are expected to be 1. Lecture/PowerPoint 4 hrs. 1. Seat works
to and Fraud Detection able to: presentation 2. Recitation
2. Application of concepts 3. Assignments
Understand the basic fraud issues 3. Classroom Q&A 4. Quizzes
beginning with a definition of
fraud.

Examines the nature and meaning

of fraud, differentiates between
employee fraud and management
fraud, explains fraud motivating
forces, and reviews common
fraud techniques.

FINAL EXAMINATIONS 2 hrs.

Sub-total hrs. 18 hrs.
TOTAL HRS. 54 HRS.

Course Code: Course Description: Effectivity: Date revised: Page 7 of 8

AE233-VCM Valuation Concepts and Methods 2nd Sem., SY 2020 - 2021 May 30, 2019
 II. GRADING SYSTEM:

Prelim, Mid-term and Pre-final Grade = 2(CA) + Periodical Exams

3
Where: CA = Average of Quizzes, Seatwork, Recitation, Assignment, Board Work
Periodical Exams = Prelim (PE), Mid-term (ME), and Pre-final Examinations (PF)
Final Grade = PE + ME + PF + FX
4
Where FX = Final Examinations

TEXTBOOK
Valuation Concepts and Methodologies
2021 Edition
Marvin V. Lascano, CPA,CFC,DBA
Herbert C. Baron , CPA, DBA
Andrew Timothy L. Cachero CPA, MBA

Prepared by:

Visie Maribbay CPA/MBA

Course Code: Course Description: Effectivity: Date revised: Page 8 of 8

AE233-VCM Valuation Concepts and Methods 2nd Sem., SY 2020 - 2021 May 30, 2019