COURSE OUTLINE

I. Partnership Accounting
a. Basic Considerations and Formation (Chapter 1)
b. Operations (Chapter 2)
c. Dissolution- Changes in Ownership (Chapter 3)
i. By purchase of interest PRELIM
ii. By investment
iii. Withdrawal, retirement or death of a partner
iv. Incorporation of a partnership
d. Liquidation
i. Lump-Sum method (Chapter 4)
ii. Installment Method (Chapter 5)
II. Corporate Liquidation (Chapter 7)
a. Statement of Affairs
b. Deficiency Statement
c. Statement of Realization and Liquidation MIDTERM

III. Joint Arrangements (PFRS 11) (Chapter 6)

a. Joint Operations
b. Joint Venture (Equity Method)
c. Accounting for SME

IV. Revenue Recognition

a. Installment Sales (Chapter 9)
b. Long Term Construction Contracts (Chapter 10) FINALS
c. Franchise Operations (Chapter 11)
d. Consignment Sales

REQUIRED READINGS

Primary Text: Pedro P. Guerrero, Jose F. Peralta

ADVANCED ACCOUNTING : Principles and Procedural Applications (2013 Edition)