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Pamantasan ng Lungsod ng Valenzuela

COLLEGE OF ACCOUNTANCY
Course Code AFAR 2
Pre-requisite AFAR 1
Course Title Advanced Financial Accounting
Course The subject covers the essential issues on advanced courses dealing with financial accounting and reporting in the
Description following topical areas: home office and branch accounting, business combination, accounting for foreign exchange
transactions, and joint arrangements.
References Gurerro and Peralta , Advanced Accounting Volume 2, 2017 edition
Dayag, Advanced Financial Accounting Volume 2, 2018 edition
Philippine Financial Reporting Standards (PFRS)
Instructor Danny M. Villanueva, CPA

Week Date Topic Activities


1 January 18 Introduction Introduction to the course | Expectation setting |
Home Office and Branch Accounting Short Discussion
2 January 25 -N/A- Study Holiday
3 February 1 HOBA: General Procedures Discussion | Seatwork | Recitation | Assignment
4 February 8 HOBA: Special Problems Discussion | Seatwork | Recitation | Assignment
5 February 15 HOBA Seatwork | Discussion of answers
February 21 -N/A- Departmental Midterm Long Exam No. 1
6 February 22 MLE01 | Business Combination Discussion | Seatwork | Recitation | Assignment

7 February 29 Consolidated FS: Date of Acquisition Discussion | Seatwork | Recitation | Assignment


8 March 7 BusCom/Conso FS: DoA Seatwork | Discussion of answers
March 11 -N/A- Departmental Midterm Long Exam No. 2
9 March 14 -N/A- MIDTERM MAJOR EXAMINATION
10 March 21 MLE01/MTE | Consolidated FS: Discussion | Seatwork | Recitation | Assignment
Subsequent to Date of Acquisition
11 March 28 Cont: Consolidated FS: Subsequent to Date Seatwork | Discussion of answers
of Acquisition
12 April 4 Intercompany Profit Transactions: Discussion | Seatwork | Recitation | Assignment
Inventories
April 6 -N/A- Departmental Final Long Exam No. 1
13 April 11 -N/A- Study Holiday
14 April 18 Intercompany Profit Transactions: Inv. Discussion | Seatwork | Recitation | Assignment
15 April 25 Intercompany Profit Transactions: PA Discussion | Seatwork | Recitation | Assignment
16 May 2 Intercompany Profit Transaction Seatwork | Discussion of answers
17 May 9 ALL Graded Recitation
May 13 -N/A- Departmental Final Long Exam No. 2
18 May 16 -N/A- Sem Ender
May 20 -N/A- FINAL TERM MAJOR EXAMINATION

*Timeline of topics for discussion depends upon certain circumstances, e.g. school/college activities, class suspension, etc.

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