Other Resource

International Accounting Standards (IFRS) issued by IASB.

References:                                                      :   

• Kieso, D. E. Weygandt, J. J., Intermediate Accounting, latest Edition, John Wiley and Sons, Inc. , Reprinted un the Philippines by  Philippines Graphic Arts, Inc.
• Baysa, G.T. and Lupisan, MC. Y .. ,  Financial Accounting theory, 2005 Edition, JLA Printing: Quezon City, Philippines.      
• Skousen, K. F., Stice, E. K. and Stice, J. D. (2004),  Intermediate Accounting, 15th Edition, Mutual Books, Inc., Southwestern College Publishing: Ohio.
• Spiceland, J. D., Sepe, J. F., Tomassini, L. A. (2001), Intermediate Accounting ,  2^nd McGraw-Hill Book Co.: Singapore.
• Delaney, P . R. (2002),  Wiley CPA Examination  Review, Volumes 1 and 2, 27^th Edition , John Wiley and Sons, Inc., New York.    
• Valix, C. T. and Peralta, J., Financial Accounting, Volume 1, 2008 Edition, GIC Enterprises & Co., Inc.: Manila.

Course Objectives:

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

Cognitive:

1. Have sound knowledge of the generally accepted accounting principles applicable to the recognition, measurement, valuation, presentation and disclosures relating to shareholders’ equity.
2. Integrate and apply the generally accepted accounting principles to problem situations involving shareholders’ equity that are likely encountered in practice.
3. Understand the application of accounting principles and reporting practices about financial accounting for leases, income tax and employee benefits,

Psychomotor:

1. Apply the skill in the presentation of financial statements with focus on shareholders’ equity, lease, income tax, employee benefits and related revenue and expense items.
2. Apply the skill in systematic problem solving.

Affective:

1. Develop the value of honesty, objectivity and perseverance.
2. Realize the contributions of accounting standards to the development of a more socially responsible and morally upright professional accountant.
3. Appreciate the role of financial accounting in meeting the informational needs of stakeholders a basis for decision making.
4. Appraise critically the role of international Accounting Standards in achieving harmonization of accounting standards throughout the world.

1. Compilation of assignments, quizzes and seat works.
2. Compilations of basic standards covering definition, recognition,  measurement, classification balance sheet presentation and   disclosure requirement relating to assets, liabilities and equities covered by the subject.
3. 2007 annual report of publicly listed companies.
4. Quizzes, prelim examination and final examination.

EXPECTATIONS FROM STUDENT:

The student’s responsibility is to come to each class prepared. She is also expected     to take all examinations on the dates schedules. 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.

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, assignment, reports or term papers; representing the work of another person as one’s own; collaborating without authority, wit another student during an examination or in preparing academic work; signing student’ name on an attendance sheet; or otherwise practicing scholastic dishonesty.

GRADING :                                                            

• Quizzes: 1st Half: 20%, 2nd Half: 25%
• Attendance, seatwork, assignment: 1st Half: 5%, 2nd Half: 5%
• Departmental examination: 1st Half: 20%, 2nd Half: 25%
• Final Grade: 100%