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CAVITE STATE UNIVERSITY
(CvSU)
Don Severino de las Alas Campus
Indang, Cavite
(046) 415-0010 / 415-0011 (046)415-0012
Email Address: cvsu@asia.com
: ACTG 26
Course Title
Course Description
6 units
6 hours/week
Prerequisite
Course Objectives
Core Values
Credit Hours
Lecture
Course Content
Overview of the Course
1. New Conceptual Framework of Accounting
1.1 Definition of accounting
1.2 The accountancy profession
1.3 Financial Reporting Standards Council
1.4 Users of financial information
1.5 Objective of financial statements
1.6 Elements of financial statements
1.7 Recognition of elements
1.8 Measurement of elements
1.9 Financial capital and physical capital
Course Calendar
(No. of Hours)
1
5
4. Bank Reconciliation
4.1 Definition of bank reconciliation
4.2. Reconciling items
4.3 Forms of bank reconciliation
4.6 Preparation of adjusting entries
5. Proof of Cash
5.1 Two-date bank reconciliation
5.2 Computation of book balance
5.3 Computation of bank balance
5.4 Computation of deposits in transit
5.5 Computation of outstanding checks
6. Accounts Receivable
6.1 Definition of receivables
6.2 Classification and presentation of receivable
6.3 Measurement of accounts receivable
6.4 Accounting for bad debts
6.5 Estimating doubtful accounts
7. Notes Receivable
7.1 Definition
7.2 Dishonored notes receivable
7.3 Initial measurement
7.4 Subsequent measurement
7.5 Interest and noninterest bearing note
8. Loan Receivable
8.1 Definition of loan receivable
8.2 Impairment of loan
8.3 Measurement of impairment
9. Receivable Financing
9.1 Forms of receivable financing
9.2 Measurement of notes receivable
9.3 Interest bearing and non-interest bearing note
10. Inventories
10.1 Definition and classes of inventories
10.2 Goods includible in inventory
10.3 Statement presentation of inventories
10.4 Periodic and perpetual inventories
10.5 Cost of inventories
20. Derivatives
18.1 Purpose of derivatives
18.2 Types of financial risk
18.3 Characteristics of derivatives
18.4 Measurement of derivatives
25. Depreciation
23.1 Concept of depreciation
23.2 Methods of depreciation
23.3 Change in useful life
23.4 Change in depreciation method
26. Depletion
24.1 Wasting assets
24.2 Cost of wasting assets
24.3 Depletion and depletion method
24.4 Revision of depletion rate
27. Revaluation
25.1 Cost model and revaluation model
25.2 Statement presentation and classification
25.3 Accounting for revaluation
25.4 Revaluation surplus
Teaching Methods
1. Lecture
2. Discussions
3. Individual problem solving
4. Problem solving by pair
5. Problem solving by group
6. Seat works
7. Board works
8. Group dynamics
9. Using technology application of excel (accounts receivable
subsidiary ledger and inventory costing)
10. Question and answer
Textbook/References
Peralta, Jose F., Valix, Christian Aris M. and Valix, Conrado T., Financial Accounting,
Volume 1, (2014) GIC Enterprises & Co., Inc. Manila, Philippines.
Valix, Christian Aris M. and Valix, Conrado T., Practical Accounting 1, CPA
Examination, (2014), GIC Enterprises & Co., Inc. Manila, Philippines.
Valix, Conrado T. Theory of Accounts (2014), GIC Enterprises & Co., Inc. Manila,
Philippines.
Supplementary Readings
Instructional Materials
Course Requirements:
Attendance, Written examinations (short quizzes, long exams, midterm exam and
final exams, submission of assignments/projects, group exercises
Grading
:
Examinations
Long exam and quizzes
Midterm
Final
70%
30%
20
20
Other requirements
Total
30
100%
Course Policies:
A. Attendance
Students are not allowed to have 20% or more absences of the total class hours, otherwise,
they will be graded as follows:
Dropped (if majority of the excessive absences are excused)
Failed (if majority of the excessive absences are unexcused)
B. Classroom Decorum
Students are required to:
1. wear their identification cards and observe proper dress code at all times;
2. turn off or put in silent mode their cellular phones during class hours;
3. maintain cleanliness and orderliness of the room at all times; and
4. come to class on time.
C. Examination/Evaluation
1. Quizzes may be announced or unannounced.
2. Long examinations are always announced.
3. Cheating is strictly prohibited. A student who is caught cheating will be given a score
of 0 for the first offense. For the second offense, he/she will automatically fail the
subject.
4. Examination permits are required during midterm and final examinations.
5. Students who missed exams, laboratory exercises, or quizzes may only be excused for
any of the following reasons:
a. Participation in a University/College approved field trip or activity (must be
cleared one week in advance);
b. Personal illness (must present medical certificate); and
c. Death or serious illness in the immediate family (must present death or
medical certificate)
Prepared by:
Reviewed by:
Rosemarie R. Turan
Ludivinia F. Victorino
Professor/ Instructor
Department Chair
Approved by:
Roderick M. Rupido
Dean, CEMDS