Republic of the Philippines

Laguna State Polytechnic University

ISO 9001:2015 Certified
Province of Laguna
Level I Institutionally Accredited
Course Intermediate Accounting 3

Sem/AY First Semester/2021-2022

LSPU COURSE GUIDE

COURSE OBJECTIVES
At the end of the course, you should be able to

a. Develop critical thinking on the recognition and measurement principles in accounting for
different types of assets.

b. Apply the accounting standards to determine the correct measurements of various types of
accounts.

c. Express ideas regarding the Intermediate Accounting in its application in business

processes and communities.

d. Manifest appreciation of the importance of Intermediate Accounting in business

environment and in daily life situations.

COURSE CONTENT/OUTLINE
Unit I: Preparation of Financial Module 1: General Purpose Financial Statements
Statements Module 2: Notes to Financial Statements
Module 3: Statement of Cash Flows

Unit II: Other Topics in Financial Module 4: Interim Reporting

Reporting Module 5: Non-current assets held for sale and discontinued
operations
Module 6: Hyperinflationary economy

Unit III: PFRS for SME Module 7: Initial Adoption

Module 8: PFRS for SME - Assets
Module 7: PFRS for SME - Liability
Module 7: PFRS for SME – Equity and other accounts

LSPU COURSEGUIDE: INTERMEDIATE ACCOUNTING 1

 Republic of the Philippines
Laguna State Polytechnic University
ISO 9001:2015 Certified
Province of Laguna
Level I Institutionally Accredited
COURSE MATERIALS/READINGS/RESOURCES
The main references of this course are the following:

a. Intermediate Accounting 3 2020, Valix, C., Valix, C., Peralta, J., GIC Enterprise & Co., Inc., Manila

b. Intermediate Accounting 3 2020, Millan, Z. V., Bandolin Enterprise, Baguio City

COURSE CALENDAR/SCHEDULE

Week Date/Period Activity

1 August 22-27, 2022 Self-Introduction
2 August 29-September 3, Course Orientation
3 2022 Discussion of House Rules and Course Syllabus
September 5-10, 2022 Module 1: General Purpose Financial Statements
 Discussions via live videos or pre-recorded video.
 Class Online/Offline Activities and Participation
 Research and Application of Concepts
 Online/Offline Tests and Assessments
4 September 12-17, 2022 Module 2: Notes to Financial Statements
5 September 19-24, 2022  Discussions via live videos or pre-recorded video.
 Class Online/Offline Activities and Participation
 Research and Application of Concepts
 Online/Offline Tests and Assessments
6 September 26-October 1, Module 3: Statement of Cash Flows
7 2022  Discussions via live videos or pre-recorded video.
8 October 3-8, 2022  Class Online/Offline Activities and Participation
October 10-15, 2022  Research and Application of Concepts
 Online/Offline Tests and Assessments
9 MIDTERMS
10 October 24-29, 2022 Module 4: Interim Reporting
 Discussions via live videos or pre-recorded video.
 Class Online/Offline Activities and Participation
 Research and Application of Concepts
 Online/Offline Tests and Assessments
11 October 31-November 5, Module 5: Non-current assets held for sale and discontinued
2022 operations
 Discussions via live videos or pre-recorded video.
 Class Online/Offline Activities and Participation
 Research and Application of Concepts
Online/Offline Tests and Assessments
12 November 7-12, 2022 Module 6: Hyperinflationary economy
13 November 14-19, 2022  Discussions via live videos or pre-recorded video.
 Class Online/Offline Activities and Participation
 Research and Application of Concepts
 Online/Offline Tests and Assessments
14 November 21-26, 2022 Module 7: Initial Adoption of PFRS for SME
 Discussions via live videos or pre-recorded video.
 Class Online/Offline Activities and Participation
 Research and Application of Concepts
 Online/Offline Tests and Assessments

LSPU COURSEGUIDE: INTERMEDIATE ACCOUNTING 1

 Republic of the Philippines
Laguna State Polytechnic University
ISO 9001:2015 Certified
Province of Laguna
Level I Institutionally Accredited
15 November 28-December 3, Module 8: PFRS for SME - Assets
2022  Discussions via live videos or pre-recorded video.
 Class Online/Offline Activities and Participation
 Research and Application of Concepts
 Online/Offline Tests and Assessments
16 December 5-10, 2022 Module 9: PFRS for SME - Liabilities
 Discussions via live videos or pre-recorded video.
 Class Online/Offline Activities and Participation
 Research and Application of Concepts
 Online/Offline Tests and Assessments
17 December 12-17, 2022 Module 10: PFRS for SME – Equity and other accounts
 Discussions via live videos or pre-recorded video.
 Class Online/Offline Activities and Participation
 Research and Application of Concepts
 Online/Offline Tests and Assessments
18  FINAL EXAMINATIONS

COURSE REQUIREMENTS
As LSPU students, you know that for the most part you will be studying on your own. Do read/view the
resources, guided by the Course Syllabus. This way you will be able to keep up with the discussion,
assignments and other requirements.

A. Participation in the Discussion

Intermediate Accounting 3 is a flexible learning course. Class discussions will be online through the
discussion forums in the Moodle learning platform using the Learning Management System.
Asynchronous activities will be conducted through learning materials uploaded such as discussions,
illustrative examples and pre-recorded lecture videos. Synchronous activities will be conducted through
live video conferencing with of applications such as Messenger, Zoom and Google Meet.

Please participate in the online discussion since this is an opportunity for you to clarify what you have
learned on your own not only with your tutor but also with other members of the class. It is also a good
way to learn from one another. Depending on the size of the class, a tutor other than myself, may facilitate
online discussions. Asynchronous participation will be in the form of submission of requirements while
in a synchronous participation, you are required to at least attend the live session.

Your contribution to the discussion boards will be graded. Your postings should answer the
discussion questions in a concise way and with as much insight and reflection as possible.

RUBRICS FOR DISCUSSION POSTINGS

Answer to Guide Question Score
The answer shows a deep understanding of the ideas in the course 5 7 10
materials.

LSPU COURSEGUIDE: INTERMEDIATE ACCOUNTING 1

 Republic of the Philippines
Laguna State Polytechnic University
ISO 9001:2015 Certified
Province of Laguna
Level I Institutionally Accredited
They reflect an incisive analysis of theory, practice and personal experience. 5 7 10
They are well supported by valid arguments, appropriate 5 7 10
examples/illustrations/details and relevant personal experiences.
Reaction/Comments
The reactions/comments reflect understanding and analysis of the DB 1 3 5
postings concerned.
They are reasonable and well supported by theory/practice/ personal 1 3 5
experience/logical examples/illustrations.
Timeliness
The postings are timely/up-to-date (i.e., contributed within the assigned 1 3 5
schedule/time frame).
Organization and Mechanics
The postings are organized, clear, concise, and grammatically correct. 1 3 5
TOTAL
/50

B. Performance Tasks Accomplishment

This course requires performance tasks assigned in each of the modules. For Online Activities, you may
refer to the assigned Google Classroom intended for this course. For Offline Activities, you can accomplish
your tasks either saved in a flash drives or writing on the printed modules. T

Submission Guidelines. Activity Sheets may be submitted online as email attachments in the LMS or
with the designated email address of the Faculty-in-Charge.

Online submissions: Activity sheets submitted online as email attachments to the designated LMS. This
should carry this file name: <Subject Code><_>Week #><_>Last Name><Initial of the First Name>
Examples: eINT3_Week1_DelosSantosR.doc

eINT3_Week1_DelosSantosR.pdf

C. Final Exam/Major Performance Task

This course requires two (2) major examinations, namely: Midterm Exam and Final Exam. The
examinations will only be given once. The schedule of examination is indicated in the previous section in
accordance with the Academic Calendar for the AY 2020-2021.

Major exams are given ONLINE, with the permission and scheduled given by your facilitator, either
Moodle-based or through any other online software formats, if LMS is not feasible.

GRADING SCHEME

Following are the allotted points for each course requirement. The table shows the transmutation values for
the final course grade.

LSPU COURSEGUIDE: INTERMEDIATE ACCOUNTING 1

 Republic of the Philippines
Laguna State Polytechnic University
ISO 9001:2015 Certified
Province of Laguna
Level I Institutionally Accredited
Course Discussion 20%

Activity Sheets 40%

Exam/ Outputs 40%

TOTAL 100%

HOUSE RULES
1. Participate actively in each discussion to maximize your learning

2. Let us be guided by our course syllabus and this course guide.

3. Submit activity sheets on or before their due dates. You will be duly informed and reminded about the
deadline for each activity sheet. Late activity sheets will be accepted, provided there is a valid
reason for the delay. However, they cannot be awarded the highest possible score.
4. Activity sheets should be written in English or Filipino. Be grammatical. Write as effectively as possible
(i.e., with clarity and coherence, organization, as well as conciseness).

5. Do your activity sheet assignments yourself and observe the ethics of scholarship. You may discuss your
work with each other (for example during online study sessions or in a study group off schedule).

If you “borrow” or use an idea from another source (meaning someone other than yourself), be sure to
cite that source (or sources). Enclose quoted material in quotation marks or use italics and write the
source. But as much as possible, paraphrase, do not lift. Be reminded that as per PNU policy,
plagiarism can be grounds for suspension or expulsion.

Acknowledge sources and make a bibliography of them at the end of the assignment following APA
(American Psychological Association) guidelines. You can consult
http://owl.english.purdue.edu/owl/resource/560/01/ for the APA formats.

6. Always keep a duplicate copy of your activity sheets in your files just in case you need to resubmit them
(e.g., they are lost in transit; or there is a technological glitch).

7. SMS and phone calls should be kept to a minimum, should be sent/made only when necessary, and
only between 9am and 9pm, Monday to Saturday.

LSPU COURSEGUIDE: INTERMEDIATE ACCOUNTING 1

 Republic of the Philippines
Laguna State Polytechnic University
ISO 9001:2015 Certified
Province of Laguna
Level I Institutionally Accredited
CONTACT INFORMATION

I am your Faculty-in-Charge. There is more information about me in our course website in LMS. You
may reach me at:

Name of Faculty: Josart B. Tubay

Laguna State Polytechnic University
Campus: San Pablo
Campus Address:
Email: [email protected]
Mobile: 09171630615

Technical support contact information:

Student support contact information (Dean’s Office):

Dean/Associate Dean: Desiree L. Wagan, PhD
College of Business Management and Accountancy
Laguna State Polytechnic University
Campus: San Pablo
Campus Address:
Email:
Mobile:

LSPU COURSEGUIDE: INTERMEDIATE ACCOUNTING 1