MABALACAT CITY COLLEGE

INSTITUTE OF BUSINESS EDUCATION

FIRST SEMESTER, A.Y. 2020-2021 (CYCLE 1)
Module Guide for BECORE 4: Governance, Business Ethics, Risk Management and Internal Control

VISION: Mabalacat City College envisions being the equalizer of educational opportunities to MISSION: The College aims to provide experiential, innovative modes and values-enriched
produce professionals and leaders in building economically progressive and morally learning, which hone the multiple abilities of individuals to fully prepare them to be
responsive communities competent and socially responsible professionals and leaders.

COURSE DESCRIPTION:
The course highlights decision-making approach to business ethics, good governance, risk management, and assessment and review of internal
controls by using case studies, lectures and reflections. Learners will be able to apply and integrate concepts and theories and develop sensitivity to values
particularly Christian values involved in business decisions. Likewise, learners shall apply an ethical decision-making process and evaluation and review of
internal controls in solving real-life cases. Good corporate governance, observation of business ethics and implementation of risk management and strong
internal controls are elements to self-regulation that leads to good corporate citizenship.

PRE-REQUISITE: BECORE 3

NUMBER OF UNITS: 3 Units Lecture

LEARNING OUTCOMES
1. Develop skills of high order so as to provide thorough knowledge and insight into the corporate governance framework, best governance practices.
2. Develop skills of high order so as to provide thorough knowledge and insight into the spectrum of risks faced by businesses.
3. Acquire knowledge of ethics in business and framework for corporate sustainability reporting.
4. Adhere to sound principles of direction and management.
5. Implement best practices on corporate management.
6. Explain the basic principles and procedures systems of internal control.
7. Equip students with the knowledge of the key enterprise risk management process such as risk assessment and risk responses, and knowledge of internal control
principles which are essential in providing a sound internal control environment.
8. Name and understand the methods of control used in risk management.
9. Demonstrate the application of professional values and judgment through an ethical framework that is in the best interests of society and the profession in
compliance with relevant professional codes, laws, and regulations.

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COURSE OUTLINE:

Faculty Assigned Learning Materials Assessment Tasks

Week Topic (for Team (with references following OER (Requirements with schedule or time
Teaching) plagiarism and IPR policies) allotment)
Module 1
Corporate Governance BOOKS/REFERENCES:

1. Governance, Business Ethics, Risk Worksheet 1 – Essay (Guide Questions

 Introduction and Overview of corporate
Management and Internal Control provided in the module)
governance
by Ma. Elenita Cabrera and Gilbert
None Anthony B. Cabrera, 2019-2020
 Importance of Corporate governance Edition, Published by GIC
1 Enterprises Due Date: September 18, 2020
 Impact of good Corporate Governance 2. Corporate Governance Matters, D.
on society and the economy Larcker and B. Tayan. 2016, 2nd
Edition, Pearson.
 Role of Board Members in corporate 3. Principles of Risk Management
and Insurance. George E. Rejda,
governance
Michael J. McNamara. 12th
Edition, Pearson.

Online Resources:
Module 2 Open Education Resources –
Business Ethics
 Introduction to Ethics Worksheet 2 – Essay (Guide Questions
Business Ethics Concepts and Cases:
provided in the module)
None https://www.worldsupporter.org/en/chapt
 Common Unethical Practices of er/66134-business-ethics-concepts-and-
2 cases-van-velasquez-manuel-7th-edition Due Date: September 25, 2020
Business Establishments
What is corporate governance?:
 Ethical Dilemma
https://searchcompliance.techtarget.com/
definition/corporate-governance

Module 3 The Role of the Board of Directors in

3  Advocacy Against Corruption Corporate Governance: Worksheets 3
 Initiatives to Improve Business Ethics https://insights.diligent.com/corporate-
and Reduce Corruption governance/the-role-of-the-board-of- Critical Thinking Activity - (Questions are
provided in the module)

2
 None directors-in-corporate-governance
Due Date: October 2, 2020
Corporate Governance Issues and
Module 4 Challenges: https://bizfluent.com/info-
Introduction to Risk Management 7863014-corporate-governance-issues- Worksheets 4 & 5
challenges.html
 Risk Management Essay (Guide Questions provided in the
None The Importance of Business Ethics: module)
4 https://www.investopedia.com/ask/answe Case study (Questions are provided in the
 Practical Insights in Reducing and Managing
rs/040815/why-are-business-ethics- module)
Business Risks
important.asp
Due Date: October 9, 2020
Risk Management: Overview, Importance
and Process:
https://corporatefinanceinstitute.com/reso
urces/knowledge/strategy/risk-
Module 5
management/ Worksheet 6
Internal Control: A Vital Tool in Managing Risk
Essay (Guide Questions provided in the
None Principles of internal control:
5  Overview of Internal Control module)
http://www.freeonlinenotes.net/principles
-of-internal-control/ Due Date: October 16, 2020
 Fraud and Error

6 -7 Module 6
YouTube Channels: Worksheet 7
 Errors and Irregularities in the Transaction None - The Basics of corporate Objective Type – concepts and applications
Cycles of Business Entity
governance
- Business Ethics (Questions are provided in the module)
 Internal Control Affecting Assets
Lecture/Lesson/Definition: An
Introduction and History Lesson: Due Date: October 23, 2020
Ethics in the workplace
 Internal Control Affecting Liabilities and
- Why risk management is
Equity
important:
- Internal Control Basics | Principles
of Accounting

Note: We are currently selecting

additional online materials. Online
materials may include video, film, news
link, journal, etc
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 Objective Type – concepts and applications

FINAL EXAMINATION Important Instructions on the examination is

included in Module 7.

Examination periods: October 30 – 31, 2020

BASIC INFORMATION AND POLICIES:

Grading System:
Formative & Summative Assessments (Essay, Theories and Applications/Worksheets) 60%
Final Examination 40%
100%
Online Course Policies:
1. Success in this course is dependent on your active participation and engagement throughout the course. As such, students are required to complete all worksheets
by the due date.
2. Log on at least three times a week – on different days in order to complete weekly assignments, assessments, discussions and/or other weekly
deliverables/Worksheets as directed by the instructor and outlined in the OBTL/Modules;
3. Participate in the weekly threaded discussions, this means that, in addition to posting a response to the thread topic presented, students are expected to respond
to each other and comment and questions from the instructor and/or other students through utilizing the Messenger Chat Group of the Class, and Learning
Management System powered by EDMODO.
4. If you find that you cannot meet the class' minimum discussion requirements due to such a circumstance, please contact your instructor as soon as possible thru
Messenger Account, Email or Cellphone Number.

Instructor’s Contact Details:

Rebecca Q. Lising, MBA, MAEd
Tel. No. 09328693503
Email Add: Lisingrebecca2020@gmail.com.
Online Office Days/Hours: Mon – Fri/ 9am – 12noon, 2pm – 5pm

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Prepared by: Reviewed and Approved by: Cc:

Rebecca Q. Lising, MBA, MAEd Myrna C. Calma, CPA, Ph.D. Renato Dan A. Pablo II, DIT, CSPE
Instructor Dean, IBE Vice – President for Academic Affairs