COURSE SYLLABUS

SCHOOL OF ACCOUNTANCY

A globally competitive institution, faithful to the teachings and tradition of the Catholic Church working towards the development of the person following
VISION
the examples of St. Arnold Janssen and St. Joseph Freinademetz.
MISSION To develop and enhance the capabilities of the person to become Witness to the Word and responsive to the demands of the society.
 GLOBAL COMPETENCE
 CULTURAL PRESERVATION
GOALS
 ACADEMIC EXCELLENCE
 SVD SPIRITUALITY
CORE VALUES Integrity, Social Responsibility, Excellence, Evangelization
School Year and Semester 2020-2021 Second Semester
Faculty Leneilyn M. Poblete, CPA
leneilynpoblete@dwcc.edu.ph
Contact no.: 09271958516
Course Title Accounting for Business Combination
Course Code AC_AcctgBusCom
Course Link http://lms.dwcc.edu.ph/College/
Classes for this school year will be conducted with minimal or no face-to-face interaction between the instructor and the students. The meetings will be
Couse Schedule Map done through online platforms like Zoom. Discussions are also be done online unless face-to face interaction is necessary and permitted to do so.
Practical exercises, quizzes and other instructional materials can be access online on school website.
This course deals mainly with consolidation and mergers, parent-subsidiary relationships, and consolidated statements, including foreign subsidiaries.
COURSE DESCRIPTION Other topics included are the effects of foreign exchange rates and joint arrangements under PFRS 11.

Credit Units 3 units

Course Pre-Requisites Intermediate Accounting 3
Link to Program Outcome
Course Learning Outcomes
1. Resolve business issues and problems, with a global and strategic perspective using knowledge and technical
1. Discuss the accounting methods for investments. proficiency in the areas of financial accounting and reporting, cost accounting and management accounting and
control, taxation and accounting information system.
2. Employ technology as a business tool in capturing financial and non-financial information, generating reports and
making decision.
2. Journalize transactions under the cost method of recording
investments.
3. Recognize, measure, present and disclose intercompany
transactions.
4. Construct set of financial statements for merged corporations
in accordance with PFRS 3 Business Combination.
5. Manifest knowledge in the preparation of consolidated
financial statements for companies where parent-subsidiary
relationship exists, in accordance with PFRS 3.
6. Prepare financial statements and reports for different types of
joint arrangements adhering to the IFRS 11 Joint
Arrangements.
Learning Enrichment
1. Resolve business issues and problems, with a global and strategic perspective using knowledge and technical
proficiency in the areas of financial accounting and reporting, cost accounting and management accounting and
control, taxation and accounting information system.
2. Employ technology as a business tool in capturing financial and non-financial information, generating reports and
making decision.
1. Resolve business issues and problems, with a global and strategic perspective using knowledge and technical
proficiency in the areas of financial accounting and reporting, cost accounting and management accounting and
control, taxation and accounting information system.
1. Resolve business issues and problems, with a global and strategic perspective using knowledge and technical
proficiency in the areas of financial accounting and reporting, cost accounting and management accounting and
control, taxation and accounting information system.
1. Employ technology as a business tool in capturing financial and non-financial information, generating reports and
making decision.
1. Conduct accountancy research through independent studies of relevant literature and appropriate use of accounting
theory and methodologies.
2. Employ technology as a business tool in capturing financial and non-financial information, generating reports and
making decision.

Course Mode of Instruction/ Mode of

Week Learning Topic/Content Delivery T-L Activities Assessment
Assessment
Outcomes
1st General Orientation Interactive discussion, thru Read the syllabus at Recitation Non-graded
Discussion of VMG and Core values Zoom https://classroom.google.co assessment
Discussion of syllabus Online chat thru Messenger m/c/MTE2NDkxNzY1NDc2 Essay writing
Discussion of classroom and department policies, Sharing of personal traits
course requirements and grading system and values
2nd Manifest Module 1 – Business Combination Interactive discussion, via Online/Offline problem Recitation Diagnostic
knowledge in the 1.1 Objectives and scope of PFRS 3 Zoom solving
preparation of 1.2 Essential elements in the business combination Online/Printed module Socrative quiz
consolidated 1.3 Advantages and disadvantages of business Read the IFRS 3 at
Online chat thru Messenger
financial combination http://www.iasplus.com
statements for 1.4 Nature of business combination Online forum thru
companies 1.5 Disclosures under PFRS 3 Discussion Board
 2nd where parent- Module 2 – Acquisition Method of Accounting Interactive discussion, via Concept map of PFRS 3. Kahoot! quiz Formative
subsidiary 2.1 Identifying the acquirer Zoom
relationship 2.2 Determining the acquisition date Online/Printed module
exists, in
2.3 Recognition and measurement of the identifiable Online chat thru Messenger
accordance with
PFRS 3. net assets acquired Online forum thru
2.4 Recognition and measurement of goodwill Discussion Board
Journalize 2.5 Entries required on the separate books of the
transactions acquire
under the cost
method of
recording
investments.
3rd – 4th Construct set of Module 3 – Consolidated and Separate Financial Interactive discussion, via Online/Offline problem Recitation Formative
financial Statements – Date of Acquisition Zoom solving
statements for 3.1 Reasons for issuing IAS 27 Online/Printed module Self-paced quiz
merged 3.2 Objectives and scope of PAS 27 Online chat thru Messenger Preparation of balance
corporations in 3.3 Consolidated financial statements Online forum thru sheet immediately after net
accordance with 3.4 Presentation of consolidated financial Discussion Board assets acquisition
PFRS 3 statements
Business 3.5 Disclosures required in consolidated financial
Combination statements
Journalize 3.6 Consolidation procedures
transactions 3.7 Working paper for consolidated financial
under the cost statements
4th- 5th method of Module 4 – Consolidation Procedures Interactive discussion, via Online/Offline problem Online quizzes Summative
recording 4.1 Basic consolidation procedures Zoom solving
investments. 4.2 Adjustments Online/Printed module
Discuss the 4.3 Elimination of other intra-group balances and Online chat thru Messenger Preparation of consolidated
accounting transactions Online forum thru balance sheet with
methods for 4.4 Other requirements Discussion Board supporting working papers
investments.
at date of acquisition.
PRELIMINARY EXAMINATION
 6th- 8th Manifest Module 5 – Subsequent to Date of Acquisition Interactive discussion, via Online/Offline problem Online quizzes Confirmative
knowledge in the 5.1 Separate financial statements Zoom solving Summative
preparation of 5.2 Cost method of accounting Online/Printed module
consolidated Preparation of separate and
5.3 Consolidated working paper subsequent to Online chat thru Messenger
financial consolidated financial
statements for acquisition Online forum thru
statements
companies 5.4 Difference in fiscal periods Discussion Board
where parent- 5.5 Accounting policies
subsidiary 5.6 Subsidiaries acquired or disposed during the
relationship year
exists, in
accordance with
PFRS 3.
MIDTERM EXAMINATION
9th – 10th Manifest Module 6 – Intracompany Sale of Inventory Interactive discussion, via Online/Offline problem Socrative Quiz Diagnostic
knowledge in the 6.1 Effects of intercompany sales of merchandise Zoom solving
preparation of 6.2 Downstream sales Online/Printed module
consolidated 6.3 Upstream sales Online chat thru Messenger Preparation of consolidated
6.4 Working paper elimination entries for income statement with
financial Online forum thru
intercompany sales of merchandise consideration of
statements for Discussion Board
companies intercompany sale of
where parent- inventories with working
subsidiary papers.

11th – 12th relationship Module 7 – Intercompany Sales of Property and Interactive discussion, via Online/Offline problem Kahoot! quiz Formative
exists, in Equipment Zoom solving Online quiz Summative
accordance with 7.1 Effects of intercompany sales of depreciable Online/Printed module
PFRS 3. property Online chat thru Messenger Preparation of working
7.2 Downstream sales Online forum thru papers for eliminating
7.3 Upstream sales effects of intercompany sale
Discussion Board
7.4 Disposal of property and equipment by of depreciable asset
purchasing affiliate
PRE-FINAL EXAMINATION
13th – 15th Manifest Module 8 – Equity Method of Accounting Interactive discussion, via Online/Offline problem Self-paced quiz Formative
knowledge in the 8.1 General procedures under equity method Zoom solving
 preparation of 8.2 Recording investments under equity method Online/Printed module
consolidated 8.3 Working paper eliminating entries under equity Online chat thru Messenger Preparation of consolidated
financial method Online forum thru financial statements with
statements for Discussion Board working papers under equity
companies method
where parent-
subsidiary
relationship
exists, in
accordance with
PFRS 3.
15th – 16th Prepare financial Module 9 – Nature of Joint Arrangement Interactive discussion, via Read the PFRS and PAS at Recitation Diagnostic
statements and 9.1 Relationship between PFRS 9, 10,11,12, and Zoom www.ifrs.org and
reports for PAS 28 Online/Printed module www.iasplus.com Self-paced quiz Formative
different types of 9.2 Objectives of joint arrangements Online chat thru Messenger
9.3 Principles of investments in joint arrangements
joint Online forum thru Concept map of the
9.4 Types of joint arrangements
arrangements 9.5 Joint arrangement under SME Discussion Board relationship between PFRS
adhering to the 9.6 Types of joint arrangements under SME 9, 10,11,12, and PAS 28
16th- 18tdegih IFRS 11 Joint Module 10 – Accounting for Joint Arrangement Interactive discussion, via Online/Offline problem Online Quiz Summative
Arrangements 10.1 Accounting for joint operations Zoom solving
10.2 Accounting for joint venture Online/Printed module Research whether
10.3 Application of equity method for consolidation Online chat thru Messenger Indigenous people
10.4 Accounting for joint venture under SME have entered joint
Online forum thru
Discussion Board arrangement and on how
does it work
FINAL EXAMINATION
Course References:
• Practical Accounting 2 (Adapted from RPCPA), AICPA Exams. De leon, G., et al. Manila: GIC Enterprises
• Accounting for Business Combination (2018). Milan, Z.V. Baguio City: Bandolin Enterprise
• Practical Accounting 2 (2017). Dayag, Antonio Jr. Manila: Conanan Educational Supply
ADDITIONAL SUPPLEMENTARY MATERIALS
• IFRS Compilations and PFRS
• www.ifrs.org
• www.iasplus.com

The following are the specific applications the students should download and install and which will be used for the entire semester:
• Zoom, for online discussion
• Messenger
• Socrative
• Kahoot!
Course Requirements: Attainment of a grade of at least 82%
Flexible Learning Course Policies:
A. ATTENDANCE
Class attendance is expected of every student even under flexible learning. Attendance will be checked in synchronous (online) delivery. For offline delivery, a handwritten summary of all the
lessons or answer to guide questions shall constitute attendance and class participation.
B. EXAMINATIONS
All quizzes and major examinations shall be conducted online or in person at the campus. Students who have no online access should make arrangements with their teachers on the conduct
of the examination.
C. SUBMISSION OF REQUIREMENTS
It is the responsibility of the students to submit all course requirements to earn credit for his course. Course requirements maybe submitted online (through email or the school’s LMS), at a
drop-off point (in the school) or through a courier. Timely submission of requirements is necessary.
D. ACADEMIC DISHONESTY & PLAGIARISM
Academic dishonesty and plagiarism will not be tolerated and shall be penalized in accordance with the policy and procedures of the school.
E. RESPONSIBILITY OF THE STUDENTS
It is the responsibility of the student to:
1. Log-in to the school’s LMS regularly to review messages from teacher(s) and pending assignments.
2. Get modules, assignments and other course requirements at designated pick-up points.
3. Communicate to teacher questions and problems they may have under flexible learning.
4. Complete and submit assignments and other course requirements on the time and place agreed upon with their teachers.
F. RESPONSIBILITY OF THE FACULTY AND THE SCHOOL
It is the responsibility of the faculty and the school to:
1. Implement mechanisms for students to receive/access printed or digital course packages/instructional materials through designated pick up points or through digital platforms.
2. Establish means for student engagement/ communication which may include Short Message Service (SMS), electronic mail (email), chat, instant messaging, and other means whichever is
convenient, appropriate, and available in order to ensure personalized, effective, efficient, and timely mentoring and feedback mechanisms.
Course Preliminary Examination 10%
Grading Mid-term Examination 10%
System: Pre-Final Examination 20%
 Departmental Final Examination 20%
Class Standing
Quizzes 10%
Attendance & Class Participation 10%
Portfolio 20% 40%
Total 100%
Students can consult the teacher thru the following:
Consultation
08:00 AM – 05:00 PM Monday to Friday
ASSESSMENT
COURSE OUTCOMES PERFORMANCE INDICATORS EVIDENCES OF PERFORMANCE PERFORMANCE STANDARD
1. Discuss the accounting methods for investments. Submit and present schedules and Following a set of rubrics, students are expected to 82% minimum compliance to all
2. Journalize transactions under the cost method of financial statements in compliance accomplish and/or present the following: course requirements
recording investments. with PFRS 3 and IFRS 11; pass all Consolidated financial statements with working
3. Recognize, measure, present and disclose papers,
examinations.
intercompany transactions. Schedules and reports.
4. Construct set of financial statements for merged
corporations in accordance with PFRS 3 Business
Combination.
5. Manifest knowledge in the preparation of consolidated
financial statements for companies where parent-
subsidiary relationship exists, in accordance with
PFRS 3.
6. Prepare financial statements and reports for different
types of joint arrangements adhering to the IFRS 11
Joint Arrangements.

PREPARED BY: REVIEWED AND RECOMMENDED FOR APPROVAL BY: APPROVED BY:

LENEILYN M. POBLETE, CPA MYLA M. CUSTODIO, CPA MARY JANE R. BAUTISTA, CPA DR. ALELI C. DUGAN, CPA
Faculty Program Coordinator Dean, School of Accountancy/ Vice president, academic affairs