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DIPOLOG MEDICAL CENTER COLLEGE FOUNDATION

Sta. Filomena, Dipolog City

SCHOOL OF BUSINESS AND ACCOUNTANCY
SCOPE AND SEQUENCE

PHILOSOPHY OF DMC-CFI EDUCATION

Dipolog Medical Center College Foundation, Inc. maintains that full development of a person’s
potentials depends largely on the nature, level and suitability of stimuli and the challenges he encounter
in daily life. The role of DMCCFI as institution is such that it serves as a rich interactive environment
where the student is continually encouraged, motivated, and more importantly, challenged to produce
the optimal use of his innate and acquired skills.

SCHOOL VISION

Our vision is to be a leading educational institution, highly regarded for our commitment to
students; distinguished for excellence in instruction as responsive to the communities we serve.

SCHOOL MISSION

Guided by our vision, Dipolog Medical Center College Foundation will become a premier
educational institution through: quest for excellence, academic and professional competence, advance in
information technology, community involvement, working partnership, global perspective and over-all
learning experience.

GENERAL OBJECTIVES OF SCHOOL OF BUSINESS AND ACCOUNTANCY

The DMC College Foundation School of Business and Accountancy has the following objectives:
1. To mold all students to become computer literate, socially responsible, globally aware, analytical,
and reasonable decision-making individuals who are competent in interpersonal, oral and
written communication skills.
2. To produce graduates who are well-versed in the fundamental economic and business principles,
as well as the practical application of those principles in the simulated business setting.
3. To design our educational programs in ways that prepares students or leadership roles in the
dynamic, domestic and global.
4. To deliver business professional who will be perceived not just business managers but leaders in
the society.
5. To constantly update the curricula of the different programs to prepare students to adapt to the
rapidly changing technology and to recognize diversity in the work place.
6. TO ensure that faculty members are responsible, committed and qualified in their respective
fields or profession.
7. To promote among the faculty members integrity, professionalism and compliance to the latest
trends, standards and developments in their chosen field of expertise.
8. To emphasize social responsibility as one of the business cores in nurturing well-rounded
business professionals of the future.

COURSE CODE : ACCY 9

Have a sound knowledge and firm foundation on the generally accepted accounting principles. liabilities and stockholders’ equity. COURSE DESCRIPTION This is a review course for the graduating BSA students. the Theory of Accounts (TOA). Philippine Financial Reporting Standards and International Financial Reporting Interpretation Committee Interpretations. rules and methods applicable to the recognition. II. MEDIUM OF INSTRUCTION English. This course is a preparation for the students’ actual review after graduation. V. valuation and presentation of assets. citing significance And integration in the context of DMCCFI Philosophy Of education 2. Point out the importance of compliance to the application of Philippine Accounting Standards and Philippine Financial Reporting Standards will lead to the proper presentation of Financial Statements. Introduction to PFRS Week 1 3. Orientation Week 1 1. It covers one CPA board examination subject. pre-tests and post-tests. and the accounting standards such as Philippine Accounting Standards. Conceptual Framework Week 2 . 4. stockholders’ equity. Filomena. III. COURSE OUTLINE TIME FRAME 1. IV. revenue and expenses. METHODOLOGY Interactive discussions. COURSE OBJECTIVES At the end of this course. 2. Integrate all related principles to have a firm foundation and appreciation of financial accounting theory and fair application of such theory 3.2 Overview of the course description. DIPOLOG MEDICAL CENTER COLLEGE FOUNDATION Sta. Filipino and Cebuano are the medium of instruction in this course. measurement. Dipolog City COURSE TITLE : DEVELOPMENT AND ENHANCEMENT IN ACCOUNTING: THEORY AND PRACTICE CREDIT UNIT : 3 UNITS LECTURE HOUR PER WEEK : 3 hours I.1 Review of DMCCFI Philosophy of Education 1. students must be able to: 1. 5. Realize that the compliance and adherence to the application of Philippine Accounting Standards and Philippine Financial Reporting Standards will lead to the proper presentation of Financial Statements. oral recitations. This is a theoretical approach of Practical Accounting 1 and Applied Auditing and it focuses on the review of conceptual framework. liabilities. Appreciate the need for a fair and reliable financial reporting on assets. as they affect the economic decisions of the financial statement users.

5 PAS 38 9. Filomena. Dipolog City 4. Borrowing Cost Week 7 12. Plant and Equipment Week 5 8. Investment Property Week 5 9. Revenue Week 3 5.5 PAS 16 2.4 Revaluation 8.5 PAS 40 9.1 Initial Measurement 9.1 PAS 1 (revised 2007 with amendments) 5.4 Revaluation 10. Intangible Assets Week 6 10.6 PFRS 13 8.1 PAS 23 (revised 2007) 11.1 PAS 18 6. Presentation of Financial Statements Week 2 4.3 Derecognition 10.4 Revaluation 9.3 Derecognition 9.2 Subsequent Measurement 9.1 PAS 2 (Revised) 7.1 PAS 20 10.2 Subsequent Measurement 8.3 Derecognition 8. Accounting for Government Grants and Disclosure of Government Assistance Week 7 11.2 PFRS 13 PRELIMINARY EXAMINATION Week 4 1. Property. Inventories Week 3 6. Noncurrent Asset held-for-sale and Discontinued Operations Week 7  PFRS 5 MIDTERM EXAMINATION Week 8 .1 Initial Measurement 10.1 PAS 41 7. DIPOLOG MEDICAL CENTER COLLEGE FOUNDATION Sta. Agriculture Week 4 7.1 Initial Measurement 8.2 Subsequent Measurement 10.

1 PAS 10 22.1 PAS 17 14. Employee Benefits Week 10 16.1 PAS 34 23.1 PFRS 8 20. Operating Segments Week 13 21. Interim Financial Reporting Week 14 24. Dipolog City 12. Impairment of Assets Week 9 14. Christian Aris Valix Theory of Accounts 1 and 2 . Filomena.1 PAS 12 16.1 PAS 33 19. Changes in Accounting Estimates and Errors Week 11 19. Leases Week 9 15. Statement of Cash Flows Week 11 18. Valix. Jose Peralta.1 PAS 8 SEMIFINAL EXAMINATION Week 12 18. Accounting Policies. Income Taxes Week 10 17.1 PAS 24R 21.1 PAS 36 14. Related Party Disclosures Week 14 22.1 PAS 7 17. Earnings Per Share Week 13 20. 2 and 3 By: Conrado T. Events after Reporting Period Week 14 23. REFERENCES Financial Accounting volumes 1. DIPOLOG MEDICAL CENTER COLLEGE FOUNDATION Sta. PFRS for SMEs Week 15 25.1 PFRS for SMEs FINAL EXAMINATION Week 15 VI.1 PAS 19R 15.2 PFRS 13 13.

School of Business and Accountancy APPROVED BY: Dr. Valix VII. RACHELL-ANN B. BULJATIN. CPA CHECKED BY: MRS. DINO JOEY L. DIPOLOG MEDICAL CENTER COLLEGE FOUNDATION Sta. CORDOVA Dean of Instruction/ VP for Academic Affairs . EVALUATION PROCEDURES CLASS PARTICIPATION/ QUIZZES 40% ATTENDANCE 10% PROJECTS/ ASSIGNMENTS 10% MAJOR EXAMINATION 40% TOTAL 100% DATE REVISED: January 2016 PREPARED BY: Gina Lou M. Filomena. CPA OIC-Dean. Dipolog City By: Conrado T. Cacho.