COLLEGE OF BUSINESS MANAGEMENT & ACCOUNTANCY

SYLLABUS IN Accounting 602 Accounting Synthesis & Internship

Vision-Mission of the University: We envision Aquinas University as leading university in the region, nurturing with truth, love and gratitude the mind, heart and spirit of each
member to be committed Christian social transformation. Specifically, we see AUL to be:
a Christ-centered educational community;
a respected HEI with consistently high academic standard and values-oriented, socially responsive and globally competitive academic programs;
a leader in Bicol in the fields of Law, Teacher Education, Business Management, Accountancy, Engineering, Architecture, Communication Arts, and Health Sciences;
a center in Bicol; studies, environmental protection, disaster risk management and preparedness; and
a deregulated university by 2025.

Mission Statement of the University: Aquinas University of Legazpi, a nurturing community of Dominican learningtransforming and perfecting, under the patronage of St.
Thomas Aquinas, commits itself to:
pursuit of academic excellence through dedicated study;
strengthening of ones moral integrity through fervent prayer and witnessing;
sharing with others of the fruits of ones endeavor through loving service;
enhancement of ones emotional maturity towards a more Christian community; and
promotion of cultural advocacy for a genuine appreciation of Catholic, Filipino and Bicol identity.

Objectives of the University:

1)To comply with the requirements of a research university; 2)To improve student performance;3)To work for the local and international accreditation of academic programs; 4)To
ensure sustainability and viability by having competent employees, and by developing and implementing effective quality systems, procedures and sound resource
management;5) To promote health of mind and body through sustained scientifically-based and other wellness programs;6) To respond to the changing local and global
challenges;7) To establish AUL as the center for Bicol studies;8)To be the center for environmental protection, disaster risk management and preparedness;9) To engage all
stakeholders in community development and extension programs; 10)To optimize our talents for self actualization, communal welfare and regional distinction;11)To create among
Aquinians a culture of charity borne out of gratitude; 12)To create an educational environment that promotes and instills robust sense of Christian and professional values for
public service;13) To be the center for training and development of faculty in various fields of education, especially in Catechetical formation;14) To promote within the University a
work ethic in the spirit of service, collegiality and solidarity;15) To offer spiritual, moral and emotional formation programs to members of our community; and 16)To strengthen our
commitment as stewards of Gods creation by maintaining a balanced and healthful ecology, and as advocates of social justice through equitability in economic relations and
respect for human rights and cultural diversity.

Vision of the College:The College of Business Management and Accountancy envisions Aquinas University as a leading brand in business education and research committed to
the attainment of excellence that is relevant, continuously enhance and responsive to the development needs of the Bicol region, the nation, and the world. The college has
designed a set-up to realize not only business education for enterprise, but also education through enterprise development and become socially responsible business leaders,
managers and entrepreneurs.
Mission Statement of the College: The college will provide professional business leaders imbued with strong sense of social responsibility, and receptive to the demands of a
dynamic world of business. To become equipped with contemporary and top of the line tools in accountancy, marketing management, finance, entrepreneurship, human resource,
tourism and hospitality management.
 College Goals:The main goal of the College of Business Management and Accountancy is to promote and facilitate the development of the student to become globally
personified, responsible, effective and committed leaders in the field of business and commerce and spur economic growth and development by being excellent, effective, and
efficient and globally competitive in their respective business professions.

Objectives of the College:

1. Offer business academic programs compliant with the needs of the industry and responsive to the student and business society.
2. Develop alternative course programs in line with accountancy, business, tourism and hospitality.
3. Develop comprehensive, sustainable, and diverse Faculty Development Program.
4. Design, implement and assess out-of-classroom learning experience and related co-curricular program.
5. Obtain at least fifty percent passing percentage in the CPA Board Examination.
6. Accreditation of BSA, BSTM, and BSHM.
7. Membership and collaboration with the local and international organizations.
8. Strengthen membership in educational, research extension organizations.
9. Engagement of faculty and students in community development and extension services.
10. Optimize our talents for self-actualization, communal welfare and regional distinction.

Program Outcomes: A graduate of a business or a management degree should be able to:

1. Demonstrate corporate and social responsibility.
2. Implement the basic functions of management such as planning, organizing, staffing, directing and controlling.
3. Use information and communication technology (ICT) effectively and efficiently.
4. Work well with others.
5. Use proper decision tools to critically, analytically, and creatively solve problems and drive results.
6. Identify unmet or under-served ethical service and product needs of specific customer groups and markets.
7. Specify the service and/or product value contributions of the company which addresses identified needs of customers.
8. Formulate organizational design and arrangements which effectively delivers desired value contributions of the company while ensuring humane working conditions.
9. Design well-sharing arrangements for participants in the value chain, both external and internal.
10. Incorporate environment-protection considerations in planned business operations.
11. Plan for effective government compliance and engagement for the business.

Course Code Accounting 601 Course Title Accounting Synthesis Credit Unit(s) One (1)

The subject engages the student to utilize all the concepts, theories of business and accounting processes in the business sector and
Subject Description attains the capability to synthesize situations, events, problems and issues in practice using the research process using the techniques
and processes of essay and technical papers writing.

All accounting and business subjects up to the third level.

Pre-Requisite

Learning Outcomes of the By the end of the course, students must be able to understand, appreciate and apply the theories and principles of total quality
course/subject management as applied to the tourism sector in particular and the economy in general.
(General)
 Course Content Time Strategies Assessment
Specific Learning Outcome
Frame

Lecture and slide presentations on

Short quiz weekly on the
manifestations of assets as
By the end of the course, the students should be able to: topic;
The phenomena of business concepts and experienced by business
practices such as policies, risks, the legal
1. Understand and appreciate the role of risks
organizations, profit or non-profit..
environment, information technology, competition, associated with current assets; Individual recitation to
disclosures, frauds, errors and illegal acts, et 2. Clarify and implement quality planning processes measure communication
Students will be made to think
cetera, as they impact the following accounts: to ensure maximization of assets; skills on topic analysis.
critically on business practices ad
3. Apply the analytical techniques for monitoring costs
experiences and expectations of
A, ASSETS and expenses related to maintenance of assets. Long quiz to demonstrate
quality as encountered in their daily
Current Assets - 4. Know, understand and appreciate the need to awareness and mastery of
accounting routines.
Cash and Cash Equivalents; maintain asset quality in business processes. the concepts.
Accounts Receivables; 5. Identify the risks associated with Property, plant
Student will be made to conduct
Notes Receivables; and equipment, Intangibles as well as other assets.
internet search of the history of
Investments; . Submission and evaluation
accounting and relate them to the
Inventory; of presentation slides.
class citing samples of business
Prelim Term experiences with concepts and
Property, Plant & Equipment (Week 1 to 6) Term exams on all topics
principles.
using multiple choice, case
Land; analysis and identification
Building;
Equipment; Weekly submission of
synthesis papers representing
Machinery
short research papers on isues
in accounting.
Intangibles
Patents
Copyrights

Other Assets
Organization cost
Deferred charges
B. LIABILITIES -
Current Liabilities
Accounts Payable
Notes Payables
Loans Payables
Mandatory deductions
o Withholding taxes
o SSS, HDMF, PHIC
Long-term Liabilities
Mortgage
Bonds
Equity
Capital Stock
APIC
Retained Earnings
Lecture and slide presentations on
manifestations of assets as Short quiz weekly on the topic;
experienced by business
Midterm organizations, profit or non-profit.. Individual recitation to
(Week 7 to measure communication skills
By the end of the course, the students should be able to:
Week 12) Students will be made to think on topic analysis.
1. Understand and appreciate the role of Liabilities in
critically on business practices ad
business practices, its disclosure requirements;
experiences and expectations of Long quiz to demonstrate
2. Clarify and implement quality planning council,
awareness and mastery of the
processes, statements and strategic planning involving quality as encountered in their daily
concepts.
liabilities and equity. accounting routines.
3. Apply the analytical techniques for monitoring quality
costs and expenses as per principles and standards. Student will be made to conduct Submission and evaluation of
4. Know, understand and appreciate the barriers to internet search of the history of
profitability of accounts.
presentation slides.
practices of accounting liabilities and
relate them to the class citing Term exams on all topics using
samples of business experiences multiple choice, case analysis
with concepts and principles and and identification.
standards using case problems.
Submission of weekly
synthesis papers of account
covered for the period.
C. Income/Revenues
Revenue from Sales
Other Income
Gross Income
D. Expenses
Compensation & Fringe Benefits
Commissions
Depreciation and amortization
E. Other Operating Expenses
Repairs & Maintenance
Stationary & Supplies
Fuel & Lubricants
By the end of the course, the students should be able to:
1. Understand and appreciate the role of revenues and
expenses in business its analytical requirements, roles
of senior management in decisions involving revenues
and expenditures ;
2. Clarify and implement quality planning council,
processes, statements and strategic planning involving
Finals
(Week 13 to 18)
revenues and expenses..
3. Apply the analytical techniques for monitoring quality
costs and expenses as per standards, principles and
practices..
4. Know, understand and appreciate the barriers to
account proftitability.
- with concepts and principles and
Lecture and slide presentations on
manifestations of assets as
experienced by business
organizations, profit or non-profit..
Students will be made to think
critically on business practices ad
experiences and expectations of
quality as encountered in their daily
accounting routines.
Student will be made to conduct
internet search of the history of
practices of accounting liabilities and
relate them to the class citing
samples of business experiences
standards using case problems.
Short quiz weekly on the topic;
Individual recitation to
measure communication skills
on topic analysis.
Oral recitation to demonstrate
awareness and mastery of the
concepts.
Submission and evaluation of
presentation slides.
Term exams on all topics using
multiple choice, case analysis.
Submission and evaluation of
weekly synthesis papers of
account covered for the period.

Requirements Students must be able to submit a synthesis paper that is applied in the various sectors of the tourism industry in particular and the business
sector in general.
MWF: 2:30 PM to 4:30 PM
TTH: 2:30 4:00 PM
Consultation schedule
Venue: Academic Advising and Counseling Office

Prelim Grade = Prelim Academic Exercises (70%) + Prelim Exam Rating (30%)
Academic Exercises may be composed (of one or of all) of the following:
1. Quiz 2. Recitation 3. Assignment
4. Seatwork 5. Paper 6. Etc.
 Tentative Mid-term Grade = Midterm Academic Exercises (70%) + Midterm
Exam Rating (30%)
Midterm Grade = Tentative Midterm Grade + Prelim Grade
2

Tentative Final Grade = Final-term Academic Exercises (70%) + Final Exam

Grading System Rating (30%)
Final Grade = Tentative Final Grade + Midterm Grade
2
(please refer to the student handbook for details)

Anthony & Govindarajan,.(2003) Management Control Systems, McGraw-Hill,NY

Anthony, (2008) AccountingTexts and Cases, McGraw-Hill,NY.
Deloitte/IASPLUS, (2010). Summaries of International Financial Reporting Standards, Deloitte, Touche Tohmatsu. Viewed January 14, 2010 at website
http://www.iasplus.com/standard/ias36.htm
Evans, JR & Lindsay, W, (2002) The Management and Control of Quality, (5th Edition), South-Western (Thomson Learning), 2002 (ISBN 0-324-06680-5).
Burril,C. W. Johannes, L, (1999) Achieving Quality Through Continual Improvement, Published by John Wiley & Sons, Inc., University of Southern Colorado
References Hill, C. (2008) International business. Competing in the global marketplace. 7th Edition, New York. McGraw-Hill Education (Asia), pp. 615-616.
Quick, R. & Rasmussen, B.W. The impact of MAS on perceived auditor independence-some evidence from Denmark. doi:10.1016/j.accfor.2004.09.001 .
Copyright 2004 Elsevier Ltd All rights reserved.
Ramasamy, Subburaj,( 2008), Total Quality Management, Tata-McGraw Hill,
Shaw, John C. (2003). Corporate Governance and Risk: A systems approach. New Jersey, John Wiley & Sons. Pp. 86-87
Valix,C. (2013) Theory of Accounts & Practical Accounting 1 .

1. Class always starts on time

2. Class starts and ends with a prayer
3. Ask permission to leave the classroom
Miscellany
4. Leave the room in orderly manner
5. Taking examination as scheduled is a must. No special examination will be given without a valid reason.
6. Submission of requirements on time is necessary. Late submission will have deduction

Prepared and reviewed by: Endorsed : Approved

ATTY. RANDY B. BLANZA, CPA, MPA ABELARDO G. BELLEZA, MATL SUSANA C. CABREDO, Ed.D.
Program Chair/Dean Academic Coordinator Vice-President for Academic Affairs