PHINMA EDUCATION

COLLEGE OF MANAGEMENT AND ACCOUNTANCY

TABLE OF SPECIFICATIONS
PEN Code: ACC 108
Subject: Intermediate Accounting 3
Semester: 2nd semester
School Year: 2019-2020

Item
Topics Weight Placement
FINANCIAL AND NON-FINANCIAL LIABILITIES
Financial Liabilities 30.00%
Apply the principles for initial recognition, subsequent
measurement and derecognition of short-term and long-
Definition of liability 1
term financial liabilities:
Financial and non-financial liability 2
Trade and Non-trade Liabilities 3-5
Refinancing 6-7
Trade liabilities 8-11
Non-trade liabilities 12-16
Notes payable 17-20
Loans payable 21-23
Bonds payable 24-27
Describe the nature and three form of debt restructuring 28-30
Non-Financial Liabilities 10.00%
Formulate entries for premiums, warranties, and
31-35
loyalties.
Measure unearned revenues for gift certificates and
36-40
subscriptions
Provisions and Contingencies 10.00%
Definethe
Apply contingent liabilities,
recognition criteriacontingent assets,
for liabilities and the
and assess 41-42
provisions.
status of uncertainties relating to provisions, contingent
43-47
liabilities and
Apply measurement
contingent assets. principles for provisions. 48-50
Leases 20.00%
Apply accounting standards applicable to operating
leases and finance leases.
Identifying a lease 51-53
Accounting for operating lease 54-55
Accounting for finance lease by lessee 56-60
Accounting for finance lease by lessor 61-65
Accounting for sale and leasback agreement 66-70
Income Tax 15.00%
Distinguish accounting profit from taxable profit. 71-74
Permanent differences 75-76
Temporary differences 77-78
Measure and record income tax payable. 79-82
Measure and record deferred portion of income tax. 83-87
Employee Benefits 15.00%
Measure employee benefit cost under defined benefit
Measure and disclose resulting defined benefit liability 88-94
plan.
(asset). 95-100
100% 100

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 PHINMA EDUCATION
COLLEGE OF MANAGEMENT AND ACCOUNTANCY
TABLE OF SPECIFICATIONS
PEN Code: ACC 109
Subject: Intermediate Accounting 4
Semester: 2nd semester
School Year: 2019-2020

Item Item Type

Knowledge - Understandi Application -
Topics Weight Placement 15% ng - 15% 50%
FINANCIAL AND NON-FINANCIAL LIABILITIES
Equity 25.00%
Share Capital
Describe Transactions:
the nature, recognition, measurement of share
capital
Record issuance and retirement of preference and 1
ordinary share. 2
Record purchase and subsequent sale of treasury
1 2
shares.
Evaluate the effects of share split, purchase and resale
of treasury shares and other equity transactions.
Record recapitalization and quasi-reorganization 1 1
Dividends :
Describe the different types of dividends. 1 1
Analyze the effects of dividends on assets, liabilities and
1
equity.
Retained
Analyze theEarnings:
effects of dividends, profit, change in
Describe the naturecorrection
accounting policy, of retainedof earnings
prior period errors, and 1 1
recapitalization on retained earnings. 1
Other
IdentifyComprehensive
the elements that Income:
affect other comprehensive
income. 1
Book Value
Describe per
the Share andand
significance Earnings per Share:
computation of book 1
value per share.
Evaluate earnings per share information (including 1
Prepare entries and compute for equity-settled, cash
dilution of EPS)
settled, and
Share-Based
Describe the Payments:
equity-settled nature
with cashandalternative
types of share-based
share-basedpayment
transactions.
payment 1
transactions. 2
Presentation
DescribeofanyFinancial Statements
of the general features of financial 15.00%
statements (TOA) 1 1
Compute current and non-current assets 2
 Compute current liabilities and non-current liabilities 2
Compute
Computeprofit from continuing
revenues, expenses, operations.
or profit or loss from 2
discontinued
Compute cash operations
flows from operating, investing or 2
financing
Distinguishactivities
adjusting events from non-adjusting events 2
after the 2
reporting period
Revenue From Contracts 7.00%
Applications of Basic Concepts of Revenue Recognition: 1 1 3
Contract Costs
Warranties
Consignment Arrangements
Customer Loyalty Programs
Consideration
Bill-and-hold Arrangements
Lay-away Sales
Repurchase Agreements
Apply the criteria for classifying the assets as Held for
Non-current
Sale andAssets Heldand
the initial for subsequent
Sale measurement 6.00%
principles. 1 1 3
Interim Reporting 6.00%
Describe the purpose and underlying rationale for
1
interim reports.
Apply the applicable principles for recognition of
1 3
revenue and expenses for interim reporting purposes.
Segment Reporting 6.00%
Describe the identification of segments 1 1
Measure and disclose segment information 3
Cash to Accrual 15.00%
Describe the accrual basis of accounting, identifying its
1 1
purpose
Compute profit based on single-entry method and
1 3
reconcile with basis
Convert cash profit revenues
using the transaction
and expenses approach.
to accrual
1 4
basis revenues and expenses.
Small and Medium-Sized Entities/Micro Enterprises 20.00%
Define small and medium-sized entities under PFRS
1 2
and SEC the
Describe regulations.
simplified reporting
peculiarities requirements
in reporting applicable
property, to
plant and 2
SMEs.
equipment, investment property, intangible assets,
1 1
biological
Apply the assets andfor
principles assets heldinvestments
reporting for sale by an entity
in equity
categorized as SME. 1 2
and debt securities applicable to SMEs.
Construct the financial statements of SMEs. 3
Micro Enterprises 1 1
 100% 100 15 15 50
15% 15% 50%

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Analysis -
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 PHINMA EDUCATION
COLLEGE OF MANAGEMENT AND ACCOUNTANCY
TABLE OF SPECIFICATIONS
PEN Code: BAM 031
Subject: Income Taxation
Semester: 2nd semester
School Year: 2019-2020

Item
Topics Weight Placement
Basic Principles in Taxation 10.00%
Definition of Taxation 1
The Lifeblood Doctrine & Other Doctrines in Taxation 2
Inherent Powers of the State 3
Scope of Taxation 4
Limitations on the Power of Taxation 5
Determine the situs/place of taxation 6
Explain double taxation 7
Escapes from Taxation 8
Taxes, Tax Laws and Tax Administration 7.50%
Sources of laws and administrative issuances 9
Tax System & Collection System 10
Principles of a Sound Tax System 11
Tax Administration 12
Describe the organization of the Bureau of Internal
13
Revenue, its powers
Classification and the
of taxpayers forpower of CIR
purposes of tax
14
administration
Introduction to Income Taxation 7.50%
The concept of income and gross income 15
Types of income taxpayers 16
Individual income taxpayers 17
Taxable estates and trusts and corporate taxpayers 18
General rules in income taxation 19
Situs of income 20
Tax Schemes, Periods, and Methods and Reporting 10.00%
Income taxation schemes 21
Accounting Period 22
Accounting Methods 23
Tax Reporting 24
Mode of filing income tax returns 25
Payment of taxes 26
Penalties related to filing and payment of taxes 27-28
Final Income Taxation 8.75%
Features of Final Income Taxation 29
The Final Withholding Tax System 30
Taxpayers subject to final income tax 31
Items of passive income subject to final tax 32-33
Final tax to individuals and corporations 34
Final withholding tax return 35
Capital Gains Taxation
Classification of taxpyer's properties and asset 8.75%
classification
Types rules
of gains on dealings in properties & Scope of 36
capital gains taxation 37
 Capital Gains compliance
Transactional on the sale of
andstocks directly
annualize to buyer
capital gains 38-39
tax 40
Capitals Gains tax on the sale of real property 41-42
Regular Income Taxation 16.25%
The regular income tax and its characteristics 43
Determination of taxable income: Individual Income Tax
44-45
& Corporate Income Tax
Income Tax Returns 46
Exclusions in Gross Income 47
Inclusions in Gross Income 48
Compensation Income 49
Fringe Benefits Taxation 50
Dealings in Properties 51
Principles of Deductions 52
Regular Allowable Itemized Deductions 53
Special Allowable Itemized Deductions and Net
54
Operating Loss Carry-Over
Optional Standard Dedudction 55
Individual Income Taxation 12.50%
Pure compensation income earners 56
Pure business and or professional income earners 57-58
Mixed income earners 59-60
The 8% option income tax 61
Taxpayers subject to percentage tax 62-63
Filing and payment of Income Tax Returns 64
Amendment of Income Tax Return 65
Corporate Income Taxation - Special Corporations 7.50%
General classification and tax rules for corporations 66
Special Domestic Corporations 67
Taxation of FCDUs, EFCDUs, Tax on PEZA or BOI-
68
registered
Tax enterprises
on OBUs, RHQs, and ROHQs of multinational
69
companies
Tax on international carriers 70
Tax on special non-resident foreign corporations 71
Corporate Income Taxation - Regular Corporations 11.25%
The Regular Corporate Income Tax (RCIT) 72-73
The Corporate Gross Income Tax (GIT) 74-75
The minimum corporate income tax (MCIT) 76-77
The Improperly Accumulated Earnings Tax (IAET) 78-79
The branch profit remittance tax 80
100.00% 80

COMMENTS :
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COC
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ATION
AND ACCOUNTANCY
ICATIONS

Item Type
Knowledge - Understandi Application - Analysis -
15% ng - 15% 50% 20%

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 PHINMA EDUCATION
COLLEGE OF MANAGEMENT AND ACCOUNTANCY
TABLE OF SPECIFICATIONS
PEN Code: BAM 242
Subject: REGULATORY FRAMEWORK AND LEGAL ISSUES
Semester: 2nd semester
School Year: 2019-2020

Topics Item Item Type

Knowledge - Understandin Application -
Weight
Placement 15% g - 15% 50%
SALES 44.00%
CHAPTER 1 Nature and Form of the Contract
Contract of Sale 1 1
Stages of a Contract of Sale 2 1
Two Kinds of Contract of Sale 3 1
Elements of a Contract of Sale 4 1
Characteristics
Earnest Money of vs.aOption
Contract of Sale
Money/Contract for a Piece of 5
Work vs. Contract of Sale 6 1
Dacion en Pago vs. Contract of Sale 7 1
Determinate Thing 8 1
Emptio rei vs Emptio spei 9 1
Kinds of Goods 10 1
Contract of Sale vs. Agency to Sell 11 1
Sale vs. Barter 12 1
Requisites for a valid price/Auction 13 1
Aspects of Delivery 14
Contract to Sell & Right of First Refusal 15 1
Sale by Sample, Sale by Description 16 1
Expropriation 17
CHAPTER 2 Capacity to Buy or Sell
Kinds of Incapacity 18 1
CHAPTER 3 Effects of the Contract when the thing sold
has been lost
 Loss of the Object at the Time of Perfection of the
Contract 19

CHAPTER 4 Obligations of the Vendor

Obligations of the Vendor 20 1
Meaning and Kinds of Delivery 21 1
Legal vs. Constructive Delivery 22
Actual Delivery vs. Constructive Delivery 23
Delivery of Incorporeal Property 24 1
Sale on Approval 25 1
Sale or Return vs. Sale on Trial 26 1
Document of Title to Goods 27
Two Kinds of Negotiation 28 1
Warranties on Negotiation or Assignment 29 1
Place and Time of Delivery 30
Remedies of an Unpaid Seller 31 1
Right of Stoppage in Transit 32 1
Right of Resale 33 1
Right to Rescind 34 1
Judicial Sale 35
Requisites of Double Sale 36 1
Purchaser in Good Faith 37
Warranty vs. Condition 38 1
Eviction 39 1
Remedies in Case of Hidden Defects 40 1
Void Sale of Animals 41 1
Effect of Reccission of Sale of Animal with Redhibitory 42
Defect 1
CHAPTER 5 Obligations of the Vendee
Acceptance & Types of Acceptance 43
Effect of Buyer's Justifiable Refusal to Accept Delivery 44 1
Vendee Owes Interest Between Delivery and Payment 45 1
Suspension of Payment by the Vendee 46 1
 Recission
CHAPTER of Sale
6 Actions for Breach of Contract of Sale of 47 1
Goods
Meaning of Goods/Action against the Buyer for the Price 48
of Goods 1
Action against the Buyer for Damages 49 1
Requisites for the Seller to Totally Rescind the Contract 50
of Sale
Remedies of the Buyer in Case of Breach of Warranty 51
by the Seller 1
Effect of Recission on Buyer's Rights and Obligations 52
CHAPTER 7 Extinguishment of Sale
Causes of Extinguishment of Sale 53 1
Essence of Conventional Redemption 54 1
Equitable Mortgage 55 1
Reformation 56 1
Period of Redemption 57
Legal Redemption 58 1
Requirement
CHAPTER of Written
8 Assignment Notice and Other Incorporeal
of Credits 59 1
Rights
Assignment of Credit 60
Contract of Sale vs. Assignment of Credit 61 1
Requirement to Produce Effect as against Third Person 62 1
Warranties of the Assignor of Credit 63 1
Liabilities for Violation of Warranties 64 1
Duration of Warranty as to Debtor's Solvency 65
CHAPTER 9 General Provisions
Provisions in Article 1636 66 1
AGENCY 11.33%
CHAPTER 1 Nature, Form and Kinds of Agency
Characteristis of a Contract of Agency 67
Elements of a Contract of Agency 68 1
Parties to the Contract of Agency 69
 Acts which may be delegated to an Agent 70 1
Purpose, Basis and Nature of Agency 71 1
Sale vs. Agency 72 1
Sale vs. Lease of Services/Kinds of Agency as to the
manner of its creation 73 1
Implied Agency vs. Agency by Estoppel/Power of
Attorney 74 1
Two Ways on Informing Third Persons/General Agency
vs. Special Agency 75 1

Kinds of Agency as to Authority or Power/Sale of a Piece

of Land or any Interest therein through an Agent/
76 1
Effects of Acts of the Agent 77
CHAPTER 2 Obligations of the Agent
Rule if a Person Declines an Agency 78
Substitute or Sub-agent 79 1
Liability of the Principal in case of Tort Committed by its
Agent's Employees/Doctine of Procuring
Cause/Commission Agent vs. Broker 80 1
CHAPTER 3 Obligations of the Principal
Estoppel/Agency by Estoppel 81 1
CHAPTER 4 Modes of Extinguishment of Agency
Kinds of Revocation 82
Requisite for Withdrawal by the Agent 83 1
PLEDGE, MORTGAGE AND ANTICHRESIS 21.33%
CHAPTER 1 Provisions Common to Pledge and Mortgage
Meaning of Pledge 84 1
Real Estate Mortgage/Doctrine of "The Mortgagee in
Good Faith" 85 1
Two Contractual Modes by which Personal Property can
be used to secure a Principal Obligation 86
Pactum Commissorium 87 1
Indivisibility of a Pledge or Mortgage 88 1
CHAPTER 2 Pledge
Pledge of Incorporeal Rights 89 1
Right of Pledgor to Ask the Thing Pledged be Deposited
90 1
Prescriptive Period to Demand Return of the Thing 91 1
Rights of the Pledgor and Pledgee 92 1
Purpose of Notice 93 1
Deficiency Claim in Mortgage vs. Pledge 94
Deficiency Claim in Chattel Mortgage vs. Pledge 95 1
Pawn vs. Pawnee vs. Pawner 96 1
CHAPTER 3 Mortgage
Meaning of Mortgage 97 1
Kinds of Real Mortgage 98
Object of Mortgage 99
Cause or Consideration in Mortgage 100 1
Real Mortgage vs. Pledge 101
Effects and Extent of Mortgage 102 1
Foreclosure 103 1
CHAPTER 4 Antichresis
Contract of Antichresis 104 1
Antichresis vs. Real Mortgage 105 1
Rights and Obligations of Antichretic Creditor 106 1
Measure of Application of Fruits 107 1
Forms of the Contract of Antichresis 108 1
Obligation of the debtor 109 1
Remedies of the Creditor 110
CHAPTER 5 Chattel Mortgage
Contract of Chattel Mortgage 111 1
Chattel Morgtgage vs. Real Mortgage 112
Chattel Morgtgage vs. Pledge 113 1
Foreclosure of Chattel Mortgage 114 1
Right of Mortgagee to Recover Deficiency 115 1
INTELLECTUAL PROPERTY CODE OF THE PHILIPPINES 9.33%
PART I Intellectual Property Office 116 1
PART II The Law on Patents
Chapter I General Provisions 117 1
Chapter II Patentability 118 1
Chapter III Right to a Patent 119
Chapter IV Patent Application 120 1
Chapter V Procedure for Grant of Patent 121 1
Chapter VI Cancellation of Patents and Substitution of
Patentee 122
Chapter VII Remedies of a Person with a Right to a
Patent 123 1
Chapter VIII Rights of Patentees and Infringement of
Patents 124 1
Chapter IX Voluntay Licensing 125 1
Chapter X Compulsory Licensing 126 1
Chapter XI Assignment and Transmission of Rights 127 1
Chapter XII Registration of Utility Models 128 1
Chapter XIII Industrial Design and Layout Designs of
Inegrated Circuits 129 1
PART III The Law on Trademarks, Service Marks and Trade 130 1
Names 14.00%
PART IV The Law on Copyright
Chapter I Preliminary Provisions 131 1
Chapter II Original Works 132 1
Chapter III Derivative Works 133 1
Chapter IV Works not Protected 134 1
Chapter V Copyright on Economic Rights 135 1
Chapter VI Ownership of Copyright 136 1
Chapter VII Transfer of Assignment of Copyright 137 1
Chapter VIII Limitations on Copyright 138 1
Chapter IX Deposit and Notice 139 1
Chapter X Moral Rights 140 1
 Chapter XI Rights to Proceeds in Subsequent Transfers 141 1
Chapter XII Rights of Performers, Producers of Sound
Recordings and Broadcasting Organizations 142 1
Chapter XIII Producers of Sound Recordings 143 1
Chapter XIV Broadcasting Organizations 144 1
Chapter XV Limitations on Rights 145 1
Chapter XVI Term of Protection 146 1
Chapter XVII Infringement 147 1
Chapter XVIII Scope of Application 148 1
Chapter XIX Institution of Actions 149 1
Chapter XX Miscellaneous Provisions 150 1
100% 150 23 22 75
15% 15% 50%

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 PHINMA EDUCATION
COLLEGE OF MANAGEMENT AND ACCOUNTANCY
TABLE OF SPECIFICATIONS
PEN Code: FIN 072
Subject: FINANCIAL MARKETS
Semester: 2nd semester
School Year: 2019-2020

Topics Item Item Type

Knowledge - Understandin Application -
Weight
Placement 15% g - 15% 50%
Financial Market 10.00%
Basic Functions of Financial System 1 1
The Philippine Financial System 2 1
Capital Market vs. Money Market 3-4 2
Examples of Financial Markets 5-6 2
Functions of Investment Banker 7-8
Investment Procedure 9-10
Time Value of Money 5.00%
Future and Present Value of an Annuity 11-12 2
Present Value at Compounded Interest 13-14 2
Annual Percentage Rate (APR) 15 1
Risk and Rates of Return 7.00%
Expected and Realized Returns 16-17
Risks and Different Types of Risk 18-19 2
Portfolio Management 20 1
Capital Asset Pricing Model (CAPM) 21 1
Portfolio Beta 22
Long-term Financing: Debts 9.00%
Long-term Debts 23-24 2
Mortgages 25 1
Bonds 26-28 1 2
Bond Refunding 29 1
 Effects of Bond Premium and Discounts on a Firm’s
30-31
Cash Flow 1
Long-term Financing: Equities 10.00%
Trading in the Stock Exchange 32 1
Buying and Selling of Stocks 33-34 1 1
Composition of Equity 35-37 1
Types of Stocks (Common and Preferred Stocks) 38 1
Stock Rights 39 1
Value of a Right 40-41 2
Valuation of Bonds and Stocks 8.00%
Bond Discount and Bond Premium 42-43 2
Required Rate of Return and Bond Price 44 1
Impact of Time on Bond Price 45-46 1 1
Yield to Maturity and Yield to Call 47 1
Different Growth Models for Valuation of Common
48
Stocks 1
Different Techniques for Valuation of Common Stocks 49 1
Costs of Capital 14.00%
Uses of Cost of Capital 50-51
Cost of Preferred Stock 52 1
Cost of Debt 53-54 2
Cost of Common Stock 55-56 2
Capital Asset Pricing Model (CAPM) 57 1
Bond Plus Approach Model 58 1
Cost of Retained Earnings 59 1
Weighted Average Cost of Capital 60-61 2
Book Value Weights and Market Value Weights 62 1
Target and Marginal Weights 63
Capital Budgeting 17.00%
Framework of Capital Budgeting 64 1
Payback Period 65-66 2
Discounted Payback Period 67-68 2
 Accounting Rate of Return 69 1
Net Present Value 70-71 2
Internal Rate of Return 72-73 1
Modified Internal Rate of Return 74 1
Profitability index 75-76 2
Meaning of Mutually Exclusive Projects 77 1
Capital Rationing 78
Replacement Decision 79-80 2
Dividend Policy 9.00%
Fundamentals of Dividends 81-82 2
Tax Treatment of Dividends 83 1
Different Dividend Theories 84 1
Factors Affecting Dividend Policy 85-86 1
Types of Dividend Policy 87-88
Processes in Stock Repurchase 89
Risk Management and Derivatives 11.00%
Risk Management Process 90 1
Derivatives 91 1
Forward Contract and Future Contract 92-94 2 1
Call Option and Put Option 95-97 1 2
Swaps 98 1
London Interbank Offer Rate 99 1
Misconception about derivatives 100
100% 100 15 15 50
15% 15% 50%

COMMENTS :
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Analysis -
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