Program: BSA Subject Code: ACC 100

Year Level: 3rd year Subject Title: Accounting Information System

Level of Complexity
MODULE No of
COURSE-LEVEL OBJECTIVES TOPIC/LESSON Easy Moderate
NO. Items
30% 50%
Describe the information system The Information System 1,2 7
Explain the Transaction Processing Introduction to Transaction Processing 3,4,5 7
Discuss ethics, fraud, and internal control Ethics, Fraud, and Internal Control 6,7 7
Describe the Revenue Cycle The Revenue Cycle (Order-to-cash cycle) 8 6
Explain the Expenditure Cycle The Expenditure Cycle (PTP, Hire to Retire, Acquire 7
10,11
to Retire)
Discuss the Conversion Cycle The Conversion Cycle (Plan to Inventory) 12,13,14 7
Financial Reporting and Management Reporting
Explain Financial Reporting and Management 7
Systems (Plan to report, Financial Planning & 15,16
Reporting Systems
Analysis)
Use QuickBooks Simple Start 18,19 6
Preparing to Use QuickBooks Simple Start
Utilize lists in Quickbooks Creating Lots of Lists 20,21 5
22,23,24,2 11
Explore daily chores in Quickbooks Daily Chores in Quickbooks
5
70
el of Complexity
Difficult
20%
Program: BSA Subject Code: ACC 114
Subject Title: AUDITING AND ASSURANCE: SPECIALIZED
Year Level: 4th year
INDUSTRIES
Level of Complexity
COURSE-LEVEL OBJECTIVES The examinees MODULE No of
TOPIC/LESSON Easy Moderate
shouls be able to NO. Items
30% 50%
Describe the risk assessment considerations in
Overview of auditing in a computerized Information 3
internal control in the computer information 1
Systems (CIS) Environment
system.

Recognize the valuation of contributions of

partner
Audit of Partnership 1 2 4
Recognize for the initial investment of the
partners to partnership
Assess for the effects of partnership dissolution
on the partnership equity.
Audit of Partnership 2 3 4
Conclude for the liquidation of a partnership.

Generate a statement of affairs.

Audit of Corporate Liquidation and Reorganization 4 5
Produce a statement of realization and
liquidation.
Recognize a joint arrangement and state its
characteristics.
Audit of Joint Arragement 1 5 4
Differentiate joint operation and a joint venture.

Account for joint operations.

Audit of Joint Arragement 2: Audit of Construction 4
7
Contracts
Execute PFRS 15 to account for revenues

Recognize franchise contract,

Audit of Franchise Operations 8 4
Recognize franchise contract,
Audit of Franchise Operations 8 4
Implement the general and specific principles of
PFRS 15

Apply the principles of PFRS 15 in recognizing

revenue from a consignment arrangement.
Audit of Consignment Sales &Audit Installment Sales 11 4
Recognize the applicability of the installment
sales method of recognizing revenue

Produce combined financial statements of a

home office and its branch Audi Audit of Home Office, Branch, and Agency Audit
12 4
of Insurance Contracts
Describe insurance contracts.

Summarize a “build-operate-transfer” (BOT)

arrangement that is within the scope of the
PFRSs. Audit of Build-Operate-Transfer (BOT) Arrangements 14 4
Account for BOT arrangements.

Summarize the accounting requirements for a

business combination
Audit of Business Combination 15 5
Produce reports relevant with business
combination

Evaluate the applicability of PAS 27.

Audit of Separate Financial Statement 16 5

Generate separate financial statements.

Describe the principle of control.

Audit of Consolidated Financial Statements 19 4
Explain the procedures of consolidation.
Explain hedge accounting. Audit of Derivatives and Hedging Accounting Audit of
Translation of Foreign Currency Financial Statements 20 4
Differentiate functional and presentation Part 1
currency.

Summarize auditing of translation of foreign

currency financial statement on part of SMEs Audit of Translation of Foreign Currency Financial
21 4
Statements Part 2
Recall PAS 21

Conclude audit of not-for-profit entities

Audit of Not-For-Profit Entities: Audit of Government 4
23
Outline the introduction of the audit of Part 1
government

Account for budgetary accounts

Audit of Not-For-Profit Entities: Audit of Government 4
24
Journalize revenue and disbursement Part 2
transactions
70
el of Complexity
Difficult
20%
Program: BSA Subject Code: ACC 115
Year Level: 4th year Subject Title: Management Science
Level of Complexity
COURSE-LEVEL OBJECTIVES The MODULE No of
TOPIC/LESSON Easy Moderate
examinees should be able to NO. Items
30% 50%

Quantitative Techniques in Business:

Identify different mathematical techniques
Different quantitative methods 5
used in decision making, determine its 1,2
Functions and uses of quantitative methods
functions, uses and limitations
Limitations of quantitative methods

Calculate expected value, interpret the

Quantitative Techniques in Business:
concepts of a payoff table, and prepare a 8
Probability: Expected value, Payoff (Decision) Tables, 2,3
decision tree.
Decision tree

Calculate the cumulative time and average

Quantitative Techniques in Business:
time per unit when learning curve is applied,
Learning Curve Theory 8
and demonstrate understanding of the 4
Queuing Theory
concepts of queuing and simulation theory
Simulation Theory

Determine the maximum combination using

graphical approach, calculate linear Quantitative Techniques in Business:
programming problems using the 3 Linear Programming: Graphical Method, Algebraic 6, 7 7
approaches, and assess the usefulness of Method, Simplex Method, Shadow Price
shadow pricing in decision making.
Determine the maximum combination using
graphical approach, calculate linear Quantitative Techniques in Business:
programming problems using the 3 Linear Programming: Graphical Method, Algebraic 6, 7 7
approaches, and assess the usefulness of Method, Simplex Method, Shadow Price
shadow pricing in decision making.

Apply the concepts of different project

Quantitative Techniques in Business: 4
scheduling techniques, and determine critical 8
Project Scheduling Techniques: Gantt Chart, Pert / CPM
paths of a project.

Relevant costing and differential analysis:

Definition and identification of relevant costs
Summarize and apply the concept of relevant
Concept of opportunity costs 6
costs, decision making process and 11
Relevant costing and differential analysis:
opportunity cost.
Approaches in analyzing alternatives in non-routing
decisions (total and differential)
Evaluate whether to accept or reject a special
order, make or buy a product or service,
whether a product or a segment should be Relevant costing and differential analysis:
continued or should be dropped, whether a Types of short-term decisions: Make or buy, Accept or 5
12, 14, 15
product should be processed further or sold reject special order, Continue or drop/shutdown, Sell or
as is and how to utilize scarce resources and process further, Best product combination
determine the best combination of products to
be produced.

Relevant costing and differential analysis:

Assign appropriate price on products and 10
Pricing decisions: Cost-plus pricing, Absorption-cost 16
calculate the markup on products.
pricing, Variable-cost pricing, Determining the markup

Capital Budgeting:
Differentiate independent and mutually
Project screening, project ranking and capital rationing: 4
exclusive projects and calculate the cost of 19
Independent and mutually exclusive capital investment
capital of an investment.
projects
 Capital Budgeting:
Differentiate independent and mutually
Project screening, project ranking and capital rationing: 4
exclusive projects and calculate the cost of 19
Independent and mutually exclusive capital investment
capital of an investment.
projects

Calculate the net initial investment of a project Capital Budgeting:

and determine the net returns or cash savings Capital investment decision factors: Cost of capital, Net 20 4
on a project. investment, Cash and accrual net returns

Evaluate capital investment projects using

payback period and accounting rate of return. Non-discounted capital budgeting techniques: Payback
and calculate bailout period and payback period, Accounting rate of return on original and average 21 4
reciprocal. investment, Bailout period, Payback reciprocal

Capital Budgeting:
Evaluate capital investment projects using net
Discounted capital budgeting techniques: Net present
present value and internal rate of return, and 5
value, Internal rate of return, Profitability index, 23
calculate profitability index and equivalent
Equivalent annual annuity, Fisher rate/NPV point of
annual annuity.
difference

70
el of Complexity
Difficult
20%
Program: BSA Subject Code: ACC 140
Year Level: 3rd Subject Title: Auditing Assurance Concepts and Application 1
Level of Complexity
MODULE No of
COURSE-LEVEL OBJECTIVES TOPIC/LESSON Easy Moderate
NO. Items
30% 50%
Recognize and explain pre-engagement
activities.
Planning the Audit and Performing Risk Assesment 5
Implement the different considerations in Procedures
accepting an audit.

Outline a list of considerations in

determining the assessed levels of control
and detection risks. Performing Risk Assesment Procedures-Entity Wide and 5
Business Process Level
Describe the activities performed in the
stages of the study and evaluation of
internal control
Recall the appropriate responses of the
auditor to assessed level.

Infer test of controls and substantive Risk Response 5

procedures and identify how they are
affected by assessed risk.

Describe the basic element of the auditor's

Report.
Audit Communication and Reporting 5

Modify an independent auditor's report for

emphasis of matter.
Implement cash and accrual basis in
auditing for business transactions.
Execute T-accounts approach in solving
problems.
Interpret assertions addressed by audit 8
Audit of Cash and Accrual Basis
procedures for cash and cash equivalents.
 Audit of Cash and Accrual Basis 8

Classify the bank and book reconciling

items.
Generate proof of cash.
Recognize the audit objectives for
receivables, sales and related accounts.

Exemplify the initial recognition, initial

measurement and subsequent
measurement of receivables. Audit of Receivables 8

Explain the financial statement presentation

and derecognition of receivables.

List the audit objectives for inventories, cost

of sales and related accounts.

Calculate the correct balance of inventory Audit of Inventories 8

and related accounts.

Outline the scope of PAS 41.

Differentiate the following: biological assets, Audit of Biological Assets and Agricultural Produce 5
agricultural produce and inventory.

Calculate
Outline thethe investments
initial in equity.
recognition, initial
measurement and subsequent
List the audit objectives of investment and
measurement,
related accounts.
Recognize assertions addressed by audit Audit of Investment in Debt and Equity Securities 8
procedures for investments and related
accounts.
Recognize assertions addressed by audit Audit of Investment in Debt and Equity Securities 8
procedures for investments and related
accounts.

Calculate
Outline theinvestment in debt securities.
initial recognition, initial
measurement and subsequent
measurement.
Attribute investment in associate and
significant influence.
Audit of Investment and Associate 5
Implement equity method in accounting for
investment in associate.

Describe the initial recognition and

subsequent measurement.

Audit of Property, Plant and Equipment 8

Calculate the impairment and revaluation.

70
el of Complexity
Difficult
20%
Program: BSA Subject Title:
Subject Code: Accounting
ACC 142 for Special Transactions -
Year Level: 3RD Year Part 2

COURSE-LEVEL OBJECTIVES The

TOPIC/LESSON MODULE NO.
examinees should be able to

Explainand
Record andanalyze
distinguish the nature
transactions of of
an Distinguishing Branch vs. Agency 1
branchagency
and agency. Accounting for Agency Transactions
Analyze and compute transactions Accounting for reciprocal accounts of home 2
between home office and branch office and branch
Preparation of combined FS of home office 3
and branch
Create combined financial statements of
a home office and its branch

Reconciliation of interoffice accounts

Evaluate interoffice accounts.

Explain the core principles under PAS 29 6

Explain and analyze the core principles
under PAS 29 and construct a Restatement of statement of financial 6 and 7
statement of financial position & income position & income statement in accordance
statement in accordance with of PAS 29
PAS 29 6 and 7

Definition of entity`s functional currency 8

Describe an entity’s functional currency
and presentation currency Definition of entity`s presentation currency 8

Accounting for Forex Transactions 8 and 11

Identify the rates to be used in accounting
for Forex
Analyze and compute for Foreign Solve for the gain or loss of FC Transactios 11
currency Transactions and Translations (Exposed Asset)
Solve for the gain or loss of FC Transactios
11
(Exposed Liability)
Measurement of the Exposed Assset
Measurement of the Exposed Liability 12
Translation of Functional Currency to
12
presentation currency
Methods of Translating FS (Current Rate 14
Method)
Analyze and evaluate the financial 14
statements of a foreign operation
Methods of Translating FS (Temporal
14
Method)

Define derivatives 15 and 16

Discuss the purposes of acquiring
derivatives. Be able to compare the Identify different types of derivatives 16
difference between fair value hedge and
cash flow hedge.
 Discuss the purposes of acquiring
derivatives. Be able to compare the
difference between fair value hedge and Differentiate three types of hedging 16
cash flow hedge. relationships
Accounting for Fair Value Hedge 16
Accounting for Cash Flow Hedge 16
Initial and subsequent measurement of
derivatives 16
Accounting for Forward Contracts 16
Accounting for Futures Contracts 19
Differentiate Forward vs Futures Contract 16
Explain Hedge Accounting 16
Accounting for Fair Value Hedge 16
Discuss, analyze and compute Accounting for Cash Flow Hedge 16
derivatives. Solve for the gain or loss in FV Hedge 16
Solve for the gain or loss in Cashflow 16
Hedge
Identifying Derivative Asset or Liability 16
Compute for
Compute for the
the value
value of
of Hedging
Hedged Item
Instrument 16
Accounting
Split for Options
Accounting in Assessing/Measuring 16
Hedge Effectiveness 19
Recognition and measurement of
Insurance contracts
Identify and discuss the scope and
Presentation and disclosure of Insurance
applicability of PFRS 17 and Explain an 23
contracts
insurance contract
Separating Components from an Insurance
Contract
Recognize and measure BOT
Types of concession arrangements.
Financial Asset vs Intangible Assets
Accounting by the government (grantor)
Describe, analzye and compute for
24
Build-Operate Transfer (BOT)
Accounting for Revenue Recognition

Compute for the book value of

infrastructure asset
 Level of Complexity
No of
Easy Moderate Difficult
Items
30% 50% 20%
1

6
6

16

70
Program: BS ACCOUNTANCY Subject Code: BAM 242
Subject Title: Regulatory Framework and Legal Issues in
Year Level: II Business
Level of Complexity
No of
Easy Moderate
MODULE Items
COURSE-LEVEL OBJECTIVES TOPIC/LESSON NO. 30% 50%
Describe the nature, forms and requisites of Nature and Form of Contract of Sale Part 1
2 2
sales
Distinguish earnest money from option Nature and Form of Contract of Sale Part 2
2
money 3
Determine the rights/obligations of vendor Obligations of Vendor and Vendee
2
and vendee 5
Action for Breach of Contract of Sale of Goods &
Extinguishment of Sale
Describe the warranties of sales

Express Warranties (in relation to consumer

laws) 9
Impliedthe
Discuss Warranties
extinguishment of a contract of
sale
Conventional Redemption
Apply Legal Redemption on sales 6
Discuss and apply installment sales Recto Law, Maceda Law and Condominium Act
Personal property – Recto Law
Real Property – Maceda Law 5

PD 957 / Condominium Act

Discuss and apply Pledge, Real Mortgage 8
and Chattel Mortgage on: Pledge, Real and Chattel Mortgage
Similarities and Requisites
Indivisibility and Pactum Commissorium
Third party pledgors/mortgagors *11
Describe the requirements to bind the
parties and third persons
10
Identify the obligations and rights of pledgor 10
and pledgee

Identify the obligations and rights of

mortgagor and mortgagee
Apply the modes of extinguishment

Intellectual Property Law Part 1: Patents

Discuss Patents *12 5

Intellectual Property Law Part 2: Trademark, Service

Marks and Tradenames

5
Discuss Trademark, Service Marks and
Trade Names 13
Intellectual Property Law Part 3: Copyright

Discuss Copyright 14
Explain the consumer product quality and Consumer Protection Part 1
safety
Illustrate the different deceptive sales acts
6
and practices

Describe product service and warranty 15

Illustrate labelling and packaging Consumer Protection Part 2
Apply consumer rights
16 4
Price Tag Act
 16 4

Lemon Law
Philippine Competition Act Part 1

Discuss the definition and scope of

application

10
Elaborate and apply prohibited acts
Anti-competitive agreements
Abuse of dominant position
Prohibited mergers and acquisitions
Exceptions 17
Illustrate and apply covered transactions Philippine Competition Act Part 2
Thresholds for compulsory notification
Notifying entity 5
Period of notifications
Exceptions 19

Explain the general principles

Discuss the scope and application

Government Procurement Law Part 1 20 8

Discuss the definition of terms

Discuss and apply the procurement
procedures
Explain the Disclosure
Demonstrate of relations
the alternative methods of Government Procurement Law Part 2 21 2
procurement
Describe the organization and registration
of cooperatives The Philippine Cooperative Code of 2008 Part 1
Describe and identify the memberships
5

22
 5
Distinguish the types and categories of
cooperatives 22
Describe the administration of cooperatives The Philippine Cooperative Code of 2008 Part 2

Determine the responsibilities, rights,

assurance and privileges of cooperatives

12

Explain the merger and consolidation of

cooperatives

23
Determine the capital, property of funds The Philippine Cooperative Code of 2008 Part 3
Apply and compute the allocation and
distribution of funds 24 3

100
el of Complexity
Difficult
20%
Program: BSA Subject Code: ACC 141
Subject Title: Auditing Assurance Concepts and
Year Level: 3rd Application 2
Level of Complexity
MODULE No of
COURSE-LEVEL OBJECTIVES TOPIC/LESSON Easy Moderate Difficult
NO. Items
30% 50% 20%
Describe the initial recognition and initial
measurement.
Recognize initial measurement of
acquisition through non-monetary
exchange.
Audit of Investment Property 2, 3 8
Describe the subsequent measurement,
derecognition and financial statement
presentation of investment property.
Compare investment property under full
PFRS and PFRS for SME.
Infer financial statement presentation of
non-current asset held for sale and
discontinued operation.
Compare accounting of revaluation, Audit of Non-Current Assets Held for Sale 4 5
impairment and non-current asset held for
sale under full PFRS and PFRS for SME.
Recognize the different types of intangible
assets.
Describe the initial recognition,
measurement and subsequent
measurement of intangible assets. of Audit of Intangible Assets 7,8 5
Describe the appropriate disclosure
intangible assets.
Differentiate intangible asset under full
PFRS and PFRS for SME.

Explain the primary substantive audit

procedures for liabilities and related
accounts.

Audit of Liabilities – Accounts Payable, 10

Compute the correct amount of liability and Provisions, and Employee Benefits 11,13
its related accounts.
 Audit of Liabilities – Accounts Payable, 10
11,13
Provisions, and Employee Benefits

Differentiate between a defined contribution

plan and defined benefit plan.
Explicate and implement debt restructuring.

Describe how management assertions

determine the audit procedures to be
performed for payable in the financial
statements.

Audit of Notes and Bonds Payable 12 10

Calculate the correct amount of financial

liabilities and its related accounts.

Summarize lease under PAS 17.

Compare operating and finance lease.

Audit of Leases 15,16 8

Differentiate IAS 17 and IFRS 16.

Outline changes under IFRS/PFRS 16.

Recognize the general internal control

procedures relating to shareholder’s equity.

Describe each component of shareholder’s 10

Audit of Equity 19,20
equity.

Differentiate rights, warrants, and options.

 Audit of Equity 19,20 10

Differentiate rights, warrants, and options.

List the different kinds of dividends.

Assess the audit assertions for revenue.

Infer Risk of Material Misstatement in audit Audit of Revenue and Expenses 22,23 7
of revenue.
Differentiate IAS 17 and IFRS 16.
Outline changes under IFRS/PFRS 16.

Check errors.
Audit of Deferred Charges (Correction of 7
24
Errors)

Explain counter balancing and non counter

balancing errors.

70
Program: Subject Code: BAM 208
Year Level: Subject Title: Business Taxarion
Level of Complexity
COURSE-LEVEL OBJECTIVES MODULE No of
TOPIC/LESSON Easy Moderate Difficult
The examinees should be able to NO. Items
30% 50% 20%
Nature of Transfer Taxes 1 1

2
Law on succession in regards to Estate tax

Components and valuation of gross 6

estate 2

3
Describe, analyze, and compute Classification of Decedents 3
estate tax
4 3
Property regimes between spouses

6
6
Allowable (special and ordinary) deductions 4
6
6
Computation of net taxable estate and 7
2
estate tax due 7
Compliance requirement 7 2

Nature, & classification of donor's tax 4

and elements of taxable donation
10
Describe, analyze, and compute 10
donor's tax Composition of gross gift.

6
11
Describe, analyze, and compute
donor's tax Composition of gross gift.

6
Computation of donor's tax due and tax 11
credits
Filing and payment of donor's tax
Nature of business taxes 13

4
Nature and Characteristics of VAT
VAT registration
VAT for Seller of Goods, Properties and Services 14
3
Output Tax for Seller of Goods or Properties

15
Zero-Rated and VAT Exempt Transactions 3

16

Describe, analyze, and compute 4

value-added tax (VAT)
Input Tax

Computation of VAT Payable

Treatment for Excess Input Tax

19 7
Final Withholding VAT

VAT and Discounts for Senior Citizens and

Persons with Disability

聽Administrative Provisions pertaining to VAT

20 4

Tax Compliance for VAT

 Discuss the nature of Other Percentage
Tax
Enumerate and assess the different
kinds of Percentage Tax
Sec. 116 - Tax on person exempt from 8
22
value added taxes;
Sec. 117 - Percentage Tax on Domestic
Sec 118 and
Carriers - Percentage Tax
Keepers of on
Garage;
Describe, analyze, and compute International Couriers
percentage taxes and apply
specific provisions of special laws
Sec.
Sec. 119
120 -- Tax
Tax on
on Franchises
Overseas Dispatch,
relating to business taxation Message
Sec. 122 or Conversation
121 -- Tax
Tax on
on Other Originating
Banks Non-Bank
and Non-Banks
Sec.
from Philippines.
Financial (OCT
Intermediaries Performing
Financial Intermediaries not performing
Quasi-Banking
Quasi-Banking Functions
Functions (GRT);
(GRT);
Sec. 123 - Tax on Life Insurance 7
Sec. 124 - Tax on Agents of Foreign 23
Premium;
Insurance Company
Sec. 125 - Amusement Taxes
Sec. 126 - Tax on Winnings; and k - Tax on
Stock Transactions.
70