Intermediate Accounting III Syllabus

Rev 0 | January 04, 2024

COLLEGE OF BUSINESS
Department of Accountancy
Course Syllabus in Intermediate Accounting III
Second Semester, Academic Year 2023-2024

I. GENERAL INFORMATION ABOUT THE UNIVERSITY

Philosophy
The work of education and work of redemption are one: to restore in humanity the lost image of
God through the harmonious development of the mental, physical, social and spiritual faculties.

Mission
The Adventist University of the Philippines is committed to provide quality Bible-based
education, nurturing students for academic excellence, Christlike character, and exemplary
service.

Vision
Adventist University of the Philippines envisions to be a leading Adventist educational institution
in the Asia-Pacific Region.

Core Values
As workers of the AUP, we value:
• Accountability and Integrity – We hold ourselves responsible for our professional and
personal actions to God, to one another, and to our stakeholders. We shall therefore live
and serve with integrity – with wholeness of character, consistency of lifestyle; faithfully
adhering to the spiritual truths and values taught in the Word of God.

• Committed Service – We shall serve our students and all whom we encounter,
dedicating our time, personal skills, professional expertise, and resources as we realize
the high academic and spiritual expectations of Adventist education, in turn spending our
lives in serving others.

• Excellence in Work – We continually strive to be among the best in all we do: in teaching
and in delivering consistently high-quality services.

Institutional Outcomes (IO)

As a result of their educational experience at AUP, students will exemplify:
No. IO
1 Professional Competence. Expertise and leadership in their academic or professional
discipline, continually improving professionally through lifelong learning.
2 Active Faith. A growing, transforming relationship with God and application of the
biblical truths expressed in the Seventh-day Adventist beliefs and spirituality to a
variety of real-world issues.
3 Social Responsibility. Commitment and engagement to improve the quality of life of
all people, and to care for the environment.
4 Selfless Service. Application of knowledge to real-world challenges in the spirit of
unselfish service, fulfilling God’s calling in their lifework.
5 Balanced Lifestyle. Pursuit of wholeness by maintaining a balanced healthy lifestyle –
spiritually, mentally, physically, and socially.

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Program Outcomes (PO)

Students are expected to:
No. PO IO
1 Resolve business issues and problems with a global perspective and 1, 4
particular emphasis on matters confronting financial statement preparers
and users, using their knowledge and technical proficiency in the areas of
financial accounting and reporting, cost accounting and management,
management accounting, auditing, taxation, and accounting information
systems.
2 Conduct accounting research through independent studies of relevant 1, 3
literature and appropriate use of accounting theory and methodologies.
3 Employ technology as a business tool in capturing financial and non- 1, 4
financial information, generating reports, and making decisions.
4 Apply knowledge and skill that will sufficiently respond to various types of 1
assessments (including professional licensure and/or certification).
5 Confidently maintain a commitment to good corporate citizenship, social 2, 3, 4, 5
responsibility, and ethical practice when performing functions as an
accountant.
6 Practice a balanced healthy lifestyle – spiritually, mentally, physically, and 1, 2, 3,
socially. 4, 5

II. INFORMATION ABOUT THE COURSE

Course Title: Intermediate Accounting III

Course Code: CBAF 224
Credit Units: Three (3)
Pre-Requisites: None
Class Schedule: Mondays and Wednesdays @ 2:30 to 4:00 pm
Classroom: COB-15

Course Description
This course is the culmination of the Intermediate Accounting cluster. It deals with the
preparation of a properly classified balance sheet, income statement, statement of changes in
equity, and statement of cash flows, including the required disclosures and notes to the financial
statements. It also covers reconstruction of accounts from incomplete records, change from
cash basis to accrual basis of accounting, correction of errors, accounting changes,
discontinued operations, earnings per share, interim reporting, segment reporting, and other
current related items.

Course Outcomes (CO)

At the end of the course, the students are expected to:
No. CO PO
1 Demonstrate entry-level competence in the application of accounting 1, 3, 4, 5
standards pertaining to correction of accounting errors, accounting
changes, discontinued operations, interim reporting, segment reporting,
and other current related items in financial statements preparation.
2 Prepare properly classified balance sheet, income statement, statement of 1, 3, 4, 5
changes in equity, and statement of cash flows, including the required
disclosures and notes to the financial statements.
3 Display attributes that are highly valued in the workplace: willingness and 6
ability to learn, discipline, integrity, self-motivation, adaptability,
commitment, communication, teamwork, timeliness, and dependability

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Behavioral Expectations
As students, you are expected to possess the maturity, motivation, and responsibility needed in
this learning journey. These characteristics are evidenced in the following areas:
• Attendance. Students are expected to attend all lectures regularly. Going in and out of
the class, except during break time, is discouraged. A student who incurs absences of
more than 20% of the total contact hours during the semester shall fail and earn no credit
for the course. Only absences due to sickness (with certification from doctor or
parent/guardian) and extremely unavoidable circumstances shall be excused. However,
the student shall be held responsible for all lessons and requirements missed during the
absence.
• Punctuality. Classes shall start on time so students are expected to come to class as
scheduled.
• Honesty. Every student is to work independently (no cheating) on all assessment
activities such as assignments, seatwork, quizzes, and examinations. Likewise, he/she is
responsible for protecting his/her work from being copied.
• Electronic Gadgets. All cellular phones shall be turned off or shall be in silent mode
during class hours. Other electronic gadgets such as tablets and laptops shall not be used
in class unless necessary and allowed for learning activities.
• Dress Code. Students are expected to be in complete school uniform during all regular
class schedules. Those who are not wearing the University’s prescribed uniform (proper
style, length, material and color of dress, black leather shoes) shall not be allowed inside
the classroom.
• Proper Grooming. Students are expected to be neat in coming to class. Everyone shall
also be sensitive to body odor.

Course Requirements
• Advanced Study. Every student shall study in advance before going to classroom to
prepare him/her for the day’s topic.
• Other than Textbook References. It shall be the responsibility of every student to make
extra efforts to widen his/her knowledge by referring to learning materials other than the
class textbook.
• Textbook and Basic/Standard Calculator/Pencils. Every student shall bring his/her own
textbook and basic/standard calculator during class periods. For those who prefer to use
pencils, personal erasers shall be secured.
• Quizzes/Examinations. Students shall take all quizzes/examinations on schedule. Only
one (1) make-up shall be given during the entire semester which shall be taken within one
week after the original schedule. However, only 80% of the raw score shall be credited to
the grade of the student and the corresponding fees for special examinations shall apply
regardless of the reason for the make-up. Financial permits shall be checked and signed
accordingly during examinations.
• Assignments. Assignments shall be due at the beginning of the class period unless
otherwise indicated. Assignments turned in after the due date shall not be accepted
except those with prior approval from the teacher.
• Seatwork. Absolutely no make-up shall be allowed for students who are absent when a
class activity was given.
• Class Involvement. Students are expected to actively participate in all class activities.
Pertinent questions, comments, and reactions that reflect critical thinking are encouraged.
• Consultations. Consultations shall be done only on a face-to-face modality.
• Contingency Plan for Missed Classes. May be conducted as the need arises.

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III. GRADING SYSTEM

Grading Criteria
40% Examination
Final Examination 25%
Mid-Term Examination 15%
60% Continuous Assessment
Pre-Final Examination 10%
Preliminary Examination 10%
Quizzes 30%
Course Work 10%
Attendance 0%
100%

Grading System
Letter Grade Points Range Honor Points
A 98-100.00 4.00
A- 95-97.99 3.75
B+ 92-94.99 3.50
B 89-91.99 3.25
B- 86-88.99 3.00
C+ 83-85.99 2.75
C 80-82.99 2.50
C- 77-79.99 2.25
D 75-76.99 2.00
F 74.99 and below 0.00

Computation of Grade: (Raw Score ÷ Perfect Score) x 70% + 30%

Cut-off Grade: C+ (83% – 85.99%)

References

AUP Library Call

No. e/Books Number
1 Robles, N. S., & Empleo, P. M. (2023). Intermediate Financial 658.4 C1128
Reporting (2021 ed.). Quezon City: EDT Book Shop 2019
2 Valix, C. T., Peralta, J. F., & Valix, C. A. M. (2021). Intermediate 658.4012 D471
Accounting Volume 3. Manila: GIC Enterprises & Co., Inc. 2019
3 Spiceland, J. D., Nelson, M. W., & Thomas, W. B. (2020). e-book 657.044
Intermediate accounting. USA : Mc Graw Hill Sp41 2020

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IV. LEARNING DESIGN

Dates Learning
and Topics CO Learning Outcomes Activities Resources Assessment IFVL
Hours
January Course Orientation 6 • Get to know each Preparation • Brenda • Reflections/ • Contextual/
08 • Acquaintance other. • Short Walsh’ takeaways Ornamental
[1.5 • PMV song • Sing the PMV song devotional Sharing
hours] • Syllabus • Discuss the syllabus • Acquaintance God’s Love Integrity
(name, Daily The integrity of
province, Devotional the upright
hobbies, • Course guides them,
expectations) syllabus but the
• PMV song unfaithful are
Presentation • Participation destroyed by
• PMV song their duplicity. –
• Course Proverbs 11:3
syllabus

Practice
• N/A

Performance
• Singing PMV
song
• Sharing
reflections/
takeaways
January REVIEW OF THE 1, • Perform and Preparation • Brenda • Pre-lecture • Contextual/
10, 15, ACCOUNTING PROCESS 2, explain each of the • Short Walsh’ quiz Ornamental
17 • Accounting and steps in the devotional Sharing • Seatwork
[4.5 Process 6 accounting cycle; • Pre-lecture God’s Love • Assignment Reliability
hours] • Evaluate the quiz Daily Trust in him at
• Adjusting
effects of adjusting Devotional all times, O
Entries
entries to financial Presentation • Textbook, people; pour out
• Reversing your heart
report figures as • Lecture pages 1-46
Entries before him; God

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well as their Practice is a refuge for

omission. • Unrecorded us. Selah. –
• Prepare adjusting seatwork Psalm 62:8
and closing entries
for different Performance
transactions; • Recorded
• Navigate an seatwork
accounting • Assignment
software or
application and
perform all steps
in the accounting
process.

• Appreciate the
relevance of the
Conceptual
Framework and
the logic behind
the accounting
process;
• Reflect on the
importance of
adjusting entries
and relation to the
periodicity concept
of accounting.
• Appreciate
timeliness in all
aspects of life.

January THE STATEMENT OF 1, • Identify the Preparation • Brenda • Pre-lecture • Contextual/

22, 24, FINANCIAL POSITION AND 2, components of the • Short Walsh’ quiz Ornamental
29, 31 THE NOTES TO THE and financial devotional Sharing • Seatwork
[6.0 FINANCIAL STATEMENTS 6 statements; • Pre-lecture God’s Love • Assignment Integrity
hours] • State and apply quiz Daily keeping a clear
the general Devotional conscience, so
features in the Presentation that those who

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• Elements of presentation of • Lecture • Textbook, speak

Financial financial pages 47- maliciously
Position statements; Practice 106 against your
• Information to • Classify the • Unrecorded good behavior
be Presented in accounts in a seatwork in Christ may be
the Face of the statement of ashamed of
Financial financial position; Performance their slander. –
Position • Identify the • Recorded 1 Peter 3:16
• Events after information that, seatwork
reporting as a minimum, • Assignment
period shall be presented
at the face of the
statement of
financial position.
• Determine
adjusting events
from non-
adjusting events.

• Prepare journal
entries for
adjusting events;
• Prepare a
properly classified
Statement of
Financial
Position;

• Justify the need of

including items in
the face and the
notes to Financial
Statements;
• Rationalize the
importance of
completeness in a
financial
statement;

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• Reflect on
possible existing
losses.

February
05 and
07 Chapter Quiz and Preliminary Examination
[3.0
hours]
February THE STATEMENT OF 1, § Appreciate the rationale Preparation • Brenda • Pre-lecture • Contextual/
12, 14, COMPREHENSIVE INCOME 2, for the use of accrual • Short Walsh’ quiz Ornamental
19 AND THE STATEMENT OF 3, basis of accounting in the devotional Sharing • Seatwork
[4.5 CHANGES IN EQUITY and preparation of Financial • Pre-lecture God’s Love • Assignment Excellence
hours] 6 Statements; quiz Daily Show yourself
• Approaches to
§ Identify the components Devotional in all respects to
Income
Measurement of Statement of Presentation • Textbook, be a model of
Comprehensive Income; • Lecture pages 107- good works,
• Revenue
Practice the revenue 176 and in your
Recognition Practice
recognition principles teaching show
Principles
under accrual basis. • Unrecorded integrity, dignity,
• Accounting for seatwork – Titus 2:7
§ Compute income using
Discontinued
Operations capital maintenance
approach; Performance
• Changes in • Recorded
Present on the Financial
Accounting seatwork
Statements the effects of
Estimate and • Assignment
changes in accounting
Changes in
estimate and accounting
Accounting
policy.
Policy
Appreciate the
significance of Statement
of Comprehensive
Income and Statement of
Changes in Equity.
February STATEMENT OF CASH 1, • Classify cash flow Preparation • Brenda • Pre-lecture • Contextual/
21, 26, FLOWS 2, activities under • Short Walsh’ quiz Ornamental
28 § Presentation of the 3, operating, devotional Sharing • Seatwork
[4.5 Statement of Cash and financing, and • Pre-lecture God’s Love • Assignment Trustworthiness
hours] Flows 6 investing activities quiz Daily Trust in the Lord
Devotional with all your

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§ Cash Flows from • Assess the effects Presentation • Textbook, heart, and do
Investing Activities of non-cash • Lecture pages 103- not lean on your
§ Cash Flows from transactions to net 108 own
Financing Activities income and the Practice understanding.
Cash Flows from related adjustment • Unrecorded In all your ways
Operating Activities— to arrive at the seatwork acknowledge
Direct and Indirect cash flow from him, and he will
Methods operating Performance make straight
activities; • Recorded your paths, –
• Prepare seatwork Proverbs 3:5-6
statement of cash • Assignment
flows using direct
and indirect
methods;
• Recognize the
significance of the
information
presented in the
statement of cash
flows.

March
04 and Chapter Quiz and Mid-Term Examination
06
[3.0
hours]
March EARNINGS PER SHARE 1-6 • Recognize the Preparation • Brenda • Pre-lecture • Contextual/
11, 13, • Basic Earnings objective of Basic • Short Walsh’ quiz Ornamental
18, 20 per Share earnings per share devotional Sharing • Seatwork
[6.0 • Effects of Bonus information; • Pre-lecture God’s Love • Assignment Understanding
hours] • Compute basic quiz Daily Whoever is slow
Issue and Share
earnings per Devotional to anger has
Split
share; Presentation • Textbook, great
• Diluted Earnings understanding,
• Understand the • Lecture pages 219-
per Share but he who has
• Presentation objective of diluted 258
earnings per Practice a hasty temper
and • Unrecorded exalts folly. –
Disclosures share;
seatwork Proverbs 14:29

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• Identify potential Performance

diluters of BEP • Recorded
seatwork
• Compute diluted • Assignment
earnings per
share;
• Identify the
appropriate
presentation of
earnings per
share;
• Evaluate the
purpose of
presenting BEP
and DEP in the
Financial
Statements
• Concur with the
reason of giving a
full year’s weight
on the stock split
issue in getting
the average
outstanding stock.

March INTERIM REPORTING AND 1-6 • Restate the Preparation • Brenda • Pre-lecture • Contextual/
25, 27, REPORTING BY purpose of • Short Walsh’ quiz Ornamental
April 01, OPERATING SEGMENTS preparing devotional Sharing • Seatwork
03 § Components and interim financial • Pre-lecture God’s Love • Assignment Understanding
[6.0 contents of interim reports; quiz Daily • Whoever is
hours] financial report • Identify the Devotional slow to anger
§ Recognition and required Presentation • Textbook, has great
measurement of disclosures in • Lecture pages 180- understanding,
revenues and interim financial 194 but he who
statements; Practice has a hasty
expenses
§ Operating Segments • Define an • Unrecorded temper exalts
Reportable Segments operating seatwork folly. –
segment; Performance

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• Apply the • Recorded Proverbs

criteria to seatwork 14:29
identify the • Assignment
reportable
segments of
an enterprise.
• Recognize and
measure items
of income and
expenses in
interim
statement of
comprehensive
income;
• Prepare interim
and segment
financial
statements;
• Measure
segment
results.
• Appreciate the
significance of
interim
financial
reports and
segment
reports.
April 08
and 10 Chapters Quiz and Pre-Final Examination
[3.0
hours]
April 15, INTERIM REPORTING AND 4 • Explain what Preparation • Brenda • Pre-lecture • Contextual/
17, 22 REPORTING BY and internal control is • Short Walsh’ quiz Ornamental
[4.5 OPERATING SEGMENTS 8 • Describe the devotional Sharing • Seatwork
hours] • Components nature and • Pre-lecture God’s Love • Assignment Prudence
purpose of quiz Daily The prudent
and contents of
internal control Devotional sees danger

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interim financial • Define internal Presentation • Textbook, and hides

report control system • Lecture pages 196- himself, but the
• Recognition and • Explain the 216 simple go on
measurement of elements of Practice and suffer for it.
revenues and internal control • Unrecorded – Proverbs
expenses seatwork 27:12
• Operating
Segments Performance
• Reportable • Recorded
seatwork
Segments
• Assignment

April 24, Review for Certified

29, May Bookkeeper
06 Examination
[4.5
hours]]
May 08
and 13 Chapters Quiz and Final Examination
[3.0
hours]
54 Total Hours

V. INFORMATION ABOUT THE TEACHER

Name: Reynaldo P. Abas Jr.

Contact Number: 0906-155-0174
E-Mail Address: [email protected]
Consultation Schedule: Tuesdays and Thursdays @2:30-4:00 pm

Prepared by: Approved by: Noted by:

Reynaldo P. Abas Jr., CPA, MBA-HHM, PhD-BA (ip) Evely G. Lintao, CPA, MBA, PhD Lualhati P. Sausa, RN, LPT, MBA, PhD
Instructor 1 Chairperson, Accountancy Department Dean, College of Business

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