PAMANTASAN NG LUNGSOD NG MAYNILA

(University of the City of Manila)

PLM BUSINESS SCHOOL
ACCOUNTING DEPARTMENT

DEGREE PROGRAM BACHELOR OF SCIENCE IN ACCOUNTANCY

COURSE PRE-REQUISITE/
COURSE CODE COURSE TITLE UNITS PRE-REQUISITE TO
TYPE CO-REQUISITE
ACN3222 Profession Elective 1 - PARTNERSHIP 3 Lecture FAR --
This course deals with transactions, financial statements and problems peculiar to the operations of partnership as distinguished from sole
COURSE
proprietorship. Topics include: partnership formation and operations including division of profits and losses; dissolution and liquidation of
DESCRIPTION
partnership. It will also include preparation and understanding of financial statements for internal and external purposes.
UNIVERSITY VISION
The Pamantasan ng Lungsod ng Maynila shall be the premier people’s university pursuing public interest and national development.
UNIVERSITY MISSION
The Pamantasan ng Lungsod ng Maynila shall form critical-minded and service-oriented leaders and innovators in various disciplines through accessible and relevant
quality education, transformative institutional research and extension services, and key linkages.
CORE VALUES
The Pamantasan ng Lungsod ng Maynila shall be guided by the values of academic excellence, integrity and social responsibility, and by the principles of Karunungan, Kaunalaran
and Kadakilaan.
GOALS AND KEY RESULT AREAS

“RAISE PLM”
Provide Relevant Quality Tertiary Education
Generate Augmented Resources
Sustain Institutionalized Research and Extension
Deliver Service to the Public
Advance Employee, Faculty and Student Welfare
Promote Public Interest
Establish Linkages and Partnerships
Optimize Management of Resources

PROGRAM EDUCATIONAL OBJECTIVES

Graduates of Accountancy, Business Administration and Entrepreneurship are expected to:
 Demonstrate proficiency in the concepts, principles, theories, philosophies in their field of specialization
 Perform functions that will in managing an organization
 Be successful in design, implementation and monitoring of policies in their field of specialization

PROGRAM OUTCOMES
A graduate of the Accountancy, Business Administration and Entrepreneurship program must:
a. Perform highest level of work quality
b. Convey ideas clearly both in oral and written English.
c. Apply the principles of the different forms of communication.
d. Conduct feasibility study, business research and business plans.
e. Apply the concepts and principles of good interpersonal relations.
f. Prepare, analyze, and evaluate reports, proposals, and concept papers.
g. Demonstrate leadership qualities, civic mindedness, and responsible citizenship.
h. Conduct environmental scanning in preparation for strategic and feasibility plans.
i. Explain the concepts, approaches and techniques of environmental conservation.
j. Participate actively in business associations and comply with their policies and obligations.
k. Develop a strong personality that demonstrate firm leadership and decision-making ability.
l. Develop the ability to access, retrieve and disseminate information using Information Technology (IT).
m. Know and understand the country’s national development thrusts, concerns and socio-economic indicators.
n. Demonstrate the values of fairness, transparency, accountability, hard work, honesty, patience, diligence, innovativeness, and risk taking.

2 | PLM BS / ACCOUNTING / PROFESSIONAL ELECTIVE 1 – PARTNERSHIP

 Module No. Of Learning Objectives Topics for Discussion Methodology Assessment/ Supplementary Resources
Hours Evaluation
The learners shall be able to:

Copy of the 1.5 1. Understand the 1. PLM Mission, Vision and Power point
Syllabus hours PLM Vision, Objective presentation
Mission and 2. Course Syllabus
Week 1 Objectives 3. Classroom management Interactive
2. Familiarize on the and policies Discussion
class policies,
requirements and
grading system

1 Enabling
Review of the 1.5 1. Identify and 1. The accounting process Power point activities: Manuel, Zenaida VC,
Accounting hours explain the steps of a sole proprietor presentation Chapter 1 Accounting Process,
Process in the accounting Exercise 1-6 2018
Week 1 process. Interactive
2. Prepare adjusting Discussion
entries and Main tasks
understand the Quiz 1
rationale for their
preparation. Reinforcement
3. Prepare closing activities:
entries and Additional
understand the exercises to be
rationale for their provided by the
preparation. faculty

2 1. Define and discuss 1. Nature of a partnership Lecture Enabling

Partnership 10 the nature of a 2. Definition activities: Partnership
Formation hours partnership 3. Characteristics of a Power point Seatwork and https://www.referencef
(Nature of a 2. Identify and partnership presentation Assignments orbusiness
Partnership) Weeks enumerate the 4. Kinds of partnership Chapter 2

3 | PLM BS / ACCOUNTING / PROFESSIONAL ELECTIVE 1 – PARTNERSHIP

 Module No. Of Learning Objectives Topics for Discussion Methodology Assessment/ Supplementary Resources
Hours Evaluation
The learners shall be able to:
2-5 characteristics, 5. Advantages and Interactive Test Materials
different kinds of disadvantages of a Discussion 6-8
partnership and partnership Exercises 1-4
advantages and 6. Partnership Contract Problems 1-6
disadvantages of a 7. Organizing a Partnership
forming a 8. Journal entries using the Main tasks
partnership. old book of a sole Quiz 2
3. Identify and proprietor or a new set
enumerate the of books Reinforcement
requirements of - 2 or more activities:
forming a partners form a Additional
partnership partnership for the exercises to be
4. Discuss accounting first time provided by the
for partnership - Sole proprietor faculty
formation and an individual
5. Journalize entries form a partnership
using the old book - 2 or more sole
of the sole proprietor form a
proprietor or using partnership
a new set of
books.
6. Know the
importance of
adjusting the
values of the
accounts based on
agreement

3 14 1. Discuss and 1. Closing Entries of a Enabling

Diampoc, Analyn,,
Partnership hours differentiate the Partnership Lecture activities: Partnership Operation ,
Operation closing entries of a 2. Methods of Seatwork and 2014
Weeks partnership from Distributing Profits Power point Assignments https://prezi.com.Partner

4 | PLM BS / ACCOUNTING / PROFESSIONAL ELECTIVE 1 – PARTNERSHIP

 Module No. Of Learning Objectives Topics for Discussion Methodology Assessment/ Supplementary Resources
Hours Evaluation
The learners shall be able to:
5-7 the closing entries or Losses presentation Chapter 3 ship operations
of a sole 3. Rules for Dividing Exercises 1-9
Interactive Nicolas, Claire Ashley,
proprietorship Profits or Losses Problems 1-4, 7, (PPT) ACC2 Chapr2
2. Identify and 4. Methods of Discussion 9 Partnership Operations,
enumerate the Distributing Profits https://www.academia.ed
different methods Based on Partners’ Main tasks u
and rules of Agreement Quiz 3
dividing 5. Orders of Priority
partnership profits Provisions Reinforcement
and losses 6. Special Profit activities:
3. Learn how to Allocation Methods Additional
compute the share 7. Preparation of exercises to be
of the partners worksheet provided by the
using the 8. Financial faculty
rules/methods of Statements
dividing profits preparation
and losses 9. Correction in profits
4. Understand and for errors and
prepare worksheet omissions prior to
and Financial distribution
Statements of a 10. Capital balances
partnership ratio adjusted to
5. Understand and profit and loss ratio
know how to make
the corrections on
profits before its
distribution
6. Adjust capital
balances ratio to
profit and loss
ratio

2 hours MIDTERM EXAMINATION

5 | PLM BS / ACCOUNTING / PROFESSIONAL ELECTIVE 1 – PARTNERSHIP

 Module No. Of Learning Objectives Topics for Discussion Methodology Assessment/ Supplementary Resources
Hours Evaluation
The learners shall be able to:
Week 8

4 12 Video & Lesson Transcript

1. Define partnership 1. Definition of Enabling
Partnership – Dissolution and
hours dissolution. Partnership Lecture activities: Termination of a
Dissolution 2. Identify and Dissolution Partnership
Weeks enumerate the 2. Causes of Power point Seatwork and http://study.com.academy
9-12 conditions giving Dissolution presentation Assignments
rise to partnership 3. Accounting Chapter 4
Interactive Exercises 1-6
dissolution Procedures for
Discussion Problems 1-7
3. Understand the Dissolution
accounting - Admission Chapter 5
procedures and by purchase Exercises 1,3,5
prepare entries to - Admission Problems 1,4,6
record the by
admission of a investment Main tasks
partner by 4. Accounting Quiz 4
purchase and by Procedures for
investment Dissolution by Reinforcement
4. Understand the Retirement/ activities:
accounting Withdrawal Additional
procedures and - By sale of exercises to be
prepare entries to interest to a provided by the
record the new partner faculty
retirement, - By sale of
withdrawal, death interest to
or incapacity of a continuing
partner partner/part
ners
5. - By sale of
interest to
the
partnership
5. Accounting

6 | PLM BS / ACCOUNTING / PROFESSIONAL ELECTIVE 1 – PARTNERSHIP

 Module No. Of Learning Objectives Topics for Discussion Methodology Assessment/ Supplementary Resources
Hours Evaluation
The learners shall be able to:
Procedures for
Dissolution by Death
or Incapacity of a
Partner

1. Define Partnership 1. Definition of Enabling

5 13 Liquidation Liquidation Lecture activities: Brown, Michael, Liquidation
Partnership hours 2. Differentiate 2. Marshalling of Seatwork and
of a Partnership, 2019
Liquidation http://www.double-entry-
Partnership Assets Power point Assignments bookkeeping.com
Weeks Dissolution with 3. Accounting presentation Chapter 6
13-17 Partnership Procedures in Exercises 1-4
Liquidation Lumpsum & Interactive Problem 1-4
Discussion
3. Identify and Installment Chapter 7
enumerate the Liquidations Exercises 1-5
causes of - Entries in Problem 1,3,5
liquidation liquidation
4. Understand and - Statement Main tasks
apply the of Quiz 5
procedure of Liquidation
marshalling of 4. Schedule Reinforcement
assets Accompanying the activities:
5. Understand and Statement of Additional
apply the Liquidation exercises to be
procedures under 5. Cash Priority provided by the
Lumpsum Program faculty
Liquidation
- Prepare
Statement
of
Liquidatio
n
- Journalize
the

7 | PLM BS / ACCOUNTING / PROFESSIONAL ELECTIVE 1 – PARTNERSHIP

 Module No. Of Learning Objectives Topics for Discussion Methodology Assessment/ Supplementary Resources
Hours Evaluation
The learners shall be able to:
liquidation
process.
6. Understand and
apply the
procedures under
Installment
Liquidation
- Prepare a
Statement
of
Liquidatio
n using:
- * Schedule
accompan
ying the
statement
of
liquidation
- Or
- Cash
Priority
Program

2 hours FINAL EXAMINATION

Week 18

COURSE ASSESSMENT The students will be graded according to the following:

Quizzes 30%
Recitation 15
Assignment 10
Attendance/Behavior 5
Midterm Examination 20
Final Examination 20

8 | PLM BS / ACCOUNTING / PROFESSIONAL ELECTIVE 1 – PARTNERSHIP

 100%

Passing: 75% (0 based)

Transmutation:
98 - 100 1.00 83 – 85 2.25
95 – 97 1.25 80 – 82 2.50
92 – 94 1.50 77 – 79 2.75
89 – 91 1.75 75 – 76 3.00
86 – 88 2.00 Below 75 5.00
TEXTBOOK/ REFERENCES
TEXTBOOK: Accounting for Partnership and Corporation by Baysa and Lupisan

OTHER REFERENCES:
1. Partnership and Corporation Accounting by Josefina L. Carrillo
2. Partnership and Corporation Accounting and their Legal Bases by Cecilia Hugo-Macapilit
3. Partnership and Corporation Accounting by Zenaida Manuel
4. Accounting for Partnership and Corporation by Rafael M. Lopez Jr.

Attested by: _______________________________

Librarian

CLASS POLICY 1. Don't share your password with anyone. Change your password if you think someone else might know it.
2. Always log out when you are finished using the system.
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of the reason.
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6. Criticism must be constructive, well-meaning, and well-articulated.
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10. Sign your message with your name and return e-mail address
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12. Avoid using the caps lock feature AS IT CAN BE INTERPRETTED AS YELLING.

9 | PLM BS / ACCOUNTING / PROFESSIONAL ELECTIVE 1 – PARTNERSHIP

COURSE CODE/ TITLE EFFECTIVITY DATE REVISION DATE PREPARED BY REVIEWED BY APPROVED BY NUMBER OF PAGES
(Faculty) (Dept Chair) (A Dean)
PROFESSIONAL
ELECTIVE – 1st Semester July 12,2020 Prof. Nonalyn V. Prof. Orlando A. Dr. Angelita C. Serrano 10
Partnership 2020 – 2021 Gesalan Fernandez
ACN3222

10 | PLM BS / ACCOUNTING / PROFESSIONAL ELECTIVE 1 – PARTNERSHIP