College of Accounting Education ACC 221 — Course Syllabus ‘The Universtiy of Mineanas ‘COURSE INFORMATION 1. Course Number acc221 2. Course Name Intermediate Accounting 3 3. Course Description This course is the culmination ofthe intermediate accounting cluster. It deals with shareholders’ eqrity, the presentation ofa properly classified balance sheet, income statement, statement of changes inequity and statement of cash flows, including the required disclosures and notes tothe financial statements. It also coves reconstruction of accounts from incomplete records, change from cash basis to accrual basis of accounting, correction of errors, accounting changes, discontinued operations, accounting for changing prices, interim reporting, segment reporting, PFRS for SMEs and Small Entities and other current related items. The students wil algo be exposed to the financial statements of specialized industries A. Pre-requisite ‘ACC 211 — Intermediate Accounting 2 5. Co-requisite None 6. creait = 6.units 7. Class schedule + Ghours per week ‘8._ Program Educational Objectives (PEO): in 3 to 5 years after graduation, the accounting graduates will be able to: 1 Engage in the field of accounting or entrepreneurial undertaking that provides employment in the community. 2. Build and sustain a successful career in accounting through participation or involvement in continuing professional development programs (CDPP) of the profession or pursue advance studies in other related area of specialization. 3. Show leadership and ethical responsibility in the practice of profession or in the community. 9. Student Outcomes ($0) and their links to Program Educational Objectives (PEO) Student Outcomes (30) = 0 Upon completion of the program, the UM Accountancy student will = T[2 1. Articulate and discuss the latest developments in the specific field of practice; *2. Effectively communicate orally and in writing using both English and Filipino; *3. Work effectively and independently in multi-dsciplinary and multi-cultural teams; 4. Actin recognition of professional, social, and ethical responsibility; 5. Preserve and promote "Filipino historical and cultural heritage"; 6. Describe the basic functions of management such as planning, organizing, leading and controlling: 7. Identify and describe the basic concepts that underlie each of the functional areas of business (marketing, finance, human resources management, production and operations management, information technology, and strategic management) and employ these concepts in various business situations; *8. Select the proper decision-making tools to critically, analytically and creatively solve problems ‘and drive results; “9. Express clearly and communicate effectively with stakeholders both in oral and written forms; 10. Apply information and communication technology (ICT) skills as required by the business environment; 11. Work effectively with other stakeholders and manage conflict in the workplace; 12. Organize and lead groups to plan and implement business related activities. 13, Demonstrate corporate citizenship and social responsibility; 14. Exercise high personal moral and ethical standards. [ ACC 221 —intermediat= Date Revised: Revision No.0 | Date Effective Page i of 12 accountings 204 Som S¥ 2019-2020