De La Salle University = COLLEGE: RVR- College of Business DEPARTMENT: ACCOUNTANCY COURSE CODE: ACCCOBI CLASS DAYS AND CLASS TIME: INSTRUCTOR NAME: CONTACT DETAILS: CONSULTATION HOURS: ROOM: COURSE DESCRIPTION: This course ACCCOB1, ACCOUNTING ESSENTIALS FOR BUSINESS, is designed to deepen the basic understanding of the conceptual framework underlying the measurement and communication of financial data for business decisions learned in fundamentals of accounting courses. This course puts emphasis on the basic financial Statements of a partnership as compared to a sole proprietorship form of business in order to make sound business and management decisions. It also prepares students to analyze what is happening in the partnership form of business when one looks at the financial statements and use these reports as support for an argument or a course of action, LEARNING OUTCOMES (LO): On completion of the course, the student is expected to be able to do the following: UNIVERSITY EXPECTED LASALLIAN LEARNING OUTCOME GRADUATE ATTRIBUTE (ELGA) Critical and creative thinker LOI: Evaluate the financial position, performance, and cash flows of service and merchandising businesses organized as sole proprietorship and partnership using financial statements. LO2: Analyze transactions covering the operations of sole proprietorship and partnership form of business. LO3: Prepare and present reports on the financial statements of partnership. Effective communicator LO4: Prepare individual and/or group case analyses which applies theories learned in this course FINAL COURSE OUTPUT: As evidence of attaining the above learning outcomes, the student is required to do and submit the following during the indicated dates of the term LEARNING OUTCOME REQUIRED OUTPUTS DUE DATE LOI: Evaluate the financial | One group presentation of financial Week 1-3 Position, performance and cash | Statements. flows of service and ciaar ens At least two evaluations of Financial and partnership using financial | Statements (at least one for service and statements, merchandising organized as partnership) Week 4 to Week 14 LO2: Analyze transactions covering the operations of sole proprictorship and partnership form of business, 1.03: Prepare and present reports oon the financial statements of partnership, LO4: Prepare individual At least two workbool/textbook exercises _| Every meeting and/or group case analyses At least two written individual and/or group | Week 6 to Week 13, which applies theories leamed | case analyses in this course. EZ ACCCOBI Page |RUBRICS FOR ASSESSMENT: The rubrics that follow are intended for students to self-check their required output prior to submission. The same rubrics will be used to grade the student's work Financial Statements Evaluation CRITERIA” | EXEMPLARY SATISFACTORY | DEVELOPING | BEGINNING |RATING (a) @) @ a) Correctness | The student The student The student The student fails to of evaluation | evaluates correctly | evaluates correctly evaluates correctly | evaluate correctly 100%] all financial majority ofthe |some of the all financial statements financial financial statements, statements statements TOTAL: Written Individual Business Case Analysis CRITERIA” | EXEMPLARY | SATISFACTORY | DEVELOPING | BEGINNING [RATING ) 3) @) 0) | Content and |The student applies |The student applies |The student applies | The student fails to | Application | all relevant some ACCCOBI few ACCCOBI —_| apply ACCCOB1 | 180%] ACCCOBI topics | topics topics topics | appropriately to the | appropriately appropriately appropriately | business case Format and | The student The student The student The student does Use of follows the format | follows the format | follows the format | not follow format English and has notone | and uses only the | but uses a mixture | and uses a mixture Language | spelling/ English language of Filipino and —_| of Filipino and 220%] grammatical error | in the paper which | English language | English language in the paper is at an acceptable in the paper and/or | in the paper and/or level uses the English J uses the English | language language | somewhat inappropriately appropriate! TOTAL: Written Group Business Case Analysis CRITERIA | EXEMPLARY J SATISFACTORY | DEVELOPING | BEGINNING [RATING Or 3) @) a) Content and |The group applies |The group applies | The group applies _| The group fails to Application | all relevant some ACCCOB! few ACCCOB! _| apply ACCCOB1 180%] ACCCOBI topics | topics topics topies appropriately to the | appropriately appropriately appropriately business case Format and |The group follows [The group follows | The group follows | The group does not Use of the format and has | the format and uses the format but uses | follow format and English not one spelling’ onlythe English Ja mixture of uses a mixture of Language | grammatical error language in the _| Filipino and Filipino and 10%] in the paper paper which is at | English language | English language an acceptable level in the paper and/or | in the paper and/or uses the English | uses the English language language somewhat inappropriately inappropriately Teamwork |The group shows | The group shows |The group shows | The group shows 10%] strong teamwork as | teamwork as somewhat a lack of ‘| lack of teamwork evidenced in the | evidenced in the | teamwork as as evidenced in the oneness and consistency in evidenced in some | i i consistency both in | terms of content of inconsistencies | both in the flow the flow and the paper both in the flow | and contents of the contents of the fand contents of the | paper paper paper TOTAL: ACCCOBI Page 2 tGroup Presentation CRITERIA” | EXEMPLARY | SATISFACTORY | DEVELOPING | BEGINNING (4) G) Q) () Oral The group The group The group The group presentation | communicates | communicates communicates communicates skills clearly content of _|clearly the content [somewhat clearly | vaguely the content HO%] report, generates of the report and [content of report | of the report and interest and generates some and generates little | does not generate establishes rapport interest among interest among —_| interest among among audience | audience audience audience Proper use of |The group uses | The group uses |The group uses] The group uses PowerPoint | appropriately more appropriately the | somewhat. inappropriately the tools and than the common features inappropriately the | common features features commonly-used of PowerPoint common features | of PowerPoint 130%] features of of PowerPoint PowerPoint Teamwork |The group is The group is The group is The group is| 130%] organized and organized and somewhat disorganized and shows strong shows teamwork as organized and shows lack of teamwork and evidenced inthe shows ahint of | teamwork as camaraderie as | presentation teamwork as evidenced in the evidenced in the evidenced inthe | presentation presentation presentation TOTAL: Answered Workbook/Textbook Exercises CRITERIA” | EXEMPLARY | SATISFACTORY ] DEVELOPING | BEGINNING (4) B) Q) a) Completeness | The student The student The student The student fails to (100%) answers all ‘answers majority answers some of | answer all assigned exercises ofthe exercises | the exercises exercises smpletel complete! [completely TOTAL: OTHER REQUIREMENTS AND ASSESSME! Aside from the final output, the student will be assessed at other times durin, * Quizzes * Departmental Final Examination ‘+ Class Participation/Recitation + Punctuality and promptness in submitting business cases and assignments + Attendance and good manners and right conduct TS: Fourth hour requirement performance tasks total of at least 13 hours related to the course include: Departmental exams and other types of assessment Enrichment/advanced study sessions problem solving and worktext exercises sessions Online sessions/ak Video/film viewing Student-organized co-curr vities GRADING SYSTEM: ricular activities GRADE POINT | DESCRIPTION 40 Excellent 35 Superior 3.0 Very Good 25 Good 20 Satisfactory 15 Fair 10 Passed ACCCOBI i the term by the following: Page3 gfThe student will be graded according to the following: BASIS Quizzes 30% Departmental Final Examination 30% Classroom activities 15% Homework 10% Business case analysis 10% Attendance and good manners and right conduct TOTAL LEARNING PLAN: LEARNING TOPICS WEEK] LEARNING OUTCOME NO. ACTIVITIES |. 1, REVIEW OF THE ACCOUNTING CYCLE OF A SERVICE AND MERCHANDISING Reading business case in BUSINESS ‘worktext pages Evaluate the 13 financial 1.1 Case Overview — Financial Statements Business case analysis ‘Analyzing Business Documents and Recording Analyze and answer position, 1.2 _Business Transactions Using General Journal discussion questions performance, [11.3 Posting to the General Ledger Perspective chart making, Accounting Cycle using and cash flows | 1.4 Trial Balance Preparation of service and Excel 1.5 Worksheet Preparation merchandising | 1.6 Adjusting the Books businesses organized 7 Financial Statements Preparation as sole 1.8 Closing the Books proprietorship | 1.9 Preparing Post-Closing Trial Balance form of business| 1.10 Reversing Entries uri ‘Analyze PARTNERSHIP ACCOUNTING 4° | Reading business case in ‘transactions worktext pages covering the | 2» INTRODUCTION TO PARTNERSHIP AS A Business case analysis persteiK ge BUSINESS ORGANIZATION beg 2.1 Forms of business organizations Answer worktext inal discussion questions business 2.2 Definition and special features ofa partnership Do worktext exercises 2.3 Kinds of partnership and Kinds of partners | 4 hour worktext exercise Prepare and | 24 Advantages and disadvantages ofa parinership | ane Tremaal | 3+ ACCOUNTING FOR PARTNERSHIP 37 en | statements of RORMATION, Business case analysis arinersh | Penne? |] Opening entries oFa partnership upon formation “Answer worktext exercises | 3.1.1 Organization of a new partnership 4" hour worktext exercise | 3. 2.2 Conversion of sole proprietorship(s) into Quiz2 | | 4 partnership using a new set of books. | l Analyze 3. ACCOUNTING FOR DIVISION OF PROFITS | 8-9 | Reading business casein) transactions AND LOSSES wworktext pages 1 ACCCOBI Pages ‘ @[covering the operations of partnerships Prepare and present reports oon the financial statements of partnership. Business case analysis 3.1 Methods of dividing profits and losses Answer worktext exercises 3.2 Accounting for interest on capital balances, salary allowance, and bonuses as part of profit distribution Read worktext and answer exercises 4" hour worktext exercise 3.3 Preparation of financial statements Read worktext and answer exercises Quiz3 Prepare individual and/or group case analyses which applies theories learned in this course LIQUIDATION (General Partnership) | 5.1 Introduction to the two kinds of liquidation - lump-sum and installment methods 5.2 Accounting for the liquidation ofa general 5.2.1 Deficient partner exercises the right of offset, partnership under the lump-sum method 5.2.2 Deficient partner is solvent 5.2.3 Deficient partner is insolvent ‘worktext pages Business case analysis 4. PARTNERSHIP DISSOLUTION WiTHoUT 11? | Reading business casein LIQUIDATION eee ee | Business case analysis 41 Distinction between dissolution and liquidation 4.2 Accounting for admission of new partners) by Answer worktext exercises purchase without asset revaluation | 4 hour worktext exercise 43 Admission by purchase with asset revaluat | 4.4 Admission by investment using bonus method quizs 4.5 Admission by investment with asset 4® hour worktext exercise revaluation, | 4.6 Withdrawal or retirement of a partner 4.6.1 Purchase of interest by other partners or by an outside 4.6.2 Settlement of interest by the partnership 5. PARTNERSHIP DISSOLUTION WITH 13-14 | Reading business case in Answer worktext exercises 4" hour worktext exercise 5.3 Accounting for the liquidation of a general partnership under the installment method 5.3.1 Preparation of schedule of safe payments 5.3.2 Preparation of cash priority program ‘Answer worktext exercises 4 hour worktext exercise REFERENCES: DEPARTMENTAL FINAL EXAMINATION Required text and materials Manalo, M., Ferrer, R., Tang, A., Aquino N, (2020) Fundamentals of Partnership: Utilizing Financial Statements for Decision Making Other References Ballada, Win & Balada, Susan (2016) Partnership and Corporation Accounting. ‘Baysa, Gloria & Lupisan, M.A. (2018) Accounting for Partnership and Corporation ONLINE RESOURCES: Article 1767 (Partnership) Civil Code of the Philippines http:/www.chanrobles.com/republicacts/republicacino386BOOK 4.html ACCCOBI Page 5CLASS POLICIES: Course-Specific Policies: * This course is a prerequisite to ACCCOB2 and is taken up only by non-BSA students. * A minimum of four (4) quizzes before the departmental final examination i required in this course. Each quiz should have at least $0 points of concept and problem application questions, with total minimum of 200 points for the four quizzes. Should there be more than four exams, there will be no cancellation of the lowest quiz ot such other policy. * The final examination is departmental. This is held for three (3) hours during the Final Examinations Week (Week 14), * The business case would be given by the faculty member to the class at least a week (for individual business case) or two weeks (for group business case) before the submission deadline. * Iti the responsibility of the student to be mindful of his/her absences/tardiness and performance in class. * Specific class policies on attendance, make-up quizzes, academic honesty, grading system, dress code, classroom management, and others not mentioned above, are to be discussed by the faculty member on the first day of classes. Department Policies * Subject to the University policies on shifting, a shiftee applicant is accepted to the BSA program, ifhe/she had: (1) A cumulative GPA of at least 3.0 at time of shifting; (2) Taken up at least one English course and had a final grade of at least 2.5 in all English courses taken up; (3) Taken up at least one Math-related course and had a final grade of at least 2.5 in all Math-related courses taken up; (4) Passed an interview conducted by the Accountancy Department Vice Chair or Faculty Member; and (5) Passed the external shiftee's ITEO shifting examination, © [if accepted, the shiftee applicant should take yp ACTBFAR and should receive a final grade of at least 2.0. The same rule of a final grade of at least 2.0 applies in all Accounting and Business Law ‘and Taxation courses. * An application for special final examination should be accomplished by the student if there are conflicts in the final examination schedule, following the University policies on order of priority. + Side the Accountancy Department, students are expected to observe silence, and maintain the cleanliness and orderliness of the room. * Please observe consultation hours/schedule of the faculty member. Students are not allowed inside the Accountancy Department during the following times: (1) Before office hours; (2) Lunch break; (3) After office hours; (4) Grade consultation day; and (5) When no faculty member/staf is around. * For student concerns regarding the course, please set an appointment with the Department Vice Chair For all other inquiries, please visit the Accountancy Department at Faculty Center, ground floor Prepared By: Approved By: Marivie V. Manalo Dr. Joy's. Rabo : CCCOBI Coordinator Chair, Accountancy Dean, RVR COB qn, ACCCOBI Committee January 7, 2020 ACCCOBI Page 6 o