Course Objectives:    

At the end of the course, students are expected to:

Cognitive:

1. Have adequate knowledge and proficiency in accounting for partnership and corporation.
2. Have a thorough understanding of the provisions of the partnership law relating to the formation, operations, dissolution and liquidation of a partnership.
3. Have a thorough understanding of the provisions of the corporation law relating to formation, capital structure and operations of a corporate form of organization.
4. Acquire a strong foundation for future courses in business and finance.
5. Have a fair knowledge of cost system in a manufacturing firm.
6. Have an appreciation of the basic Financial Statements and their elements.

Psychomotor:

1. Develop skills in the preparation of financial statements of partnership and corporations.
2. Acquire proficiency in the operation of a calculator and the use of a computer.
3. Develop skills in solving accounting problems related to partnerships and corporations.
4. Develop fair proficiency in the operation of a computerized accounting system.

Affective:

1. Develop the ability to use and interpret accounting information valuable in both her work and her personal life.
2. Continue the course work that leads to a career in accounting.
3. Apply the qualities of neatness, honesty, timeliness and compliance with requirements in the preparation and submission of financial reports.
4. Appreciate the importance of complying with regulatory requirements of SEC, BIR, and other regulatory bodies.
5. Develop social concern and public accountability through adequate disclosures of information in the financial statements.
6. Develop an appreciation of the ways in which organizations may be structured.

References:

• A. Dreblin (Mutual Books), Advanced Accounting, latest edition
• Smith & Skousen, Intermediate Accounting, latest edition

Grading System

Expectations from each student:    
The student’s responsibility is to come to each class prepared.   She is also expected to take all examinations on the dates scheduled.   She should read the assigned materials and solve assigned problem materials prior to class.   She is expected to attend each class and participate actively in the discussions.
        
Academic dishonesty:
All BSA students are expected to be academically honest.   Cheating, lying and other forms of immoral and unethical behavior will not be tolerated.   Any student found guilty of cheating in examinations or plagiarism in submitted course requirements will (at a minimum) receive an F (or 0.00) or failure in the course.    Plagiarism and cheating refer to the use of unauthorized books, notes or otherwise securing help in a test, copying tests, assignments, reports or term papers; representing the work of another person as one’s own, collaborating, without authority, with another student during an examination or in preparing academic work; signing another student’s name on attendance sheet; or otherwise practicing scholastic dishonesty.