St. Vincent de Ferrer College of Camarin, Inc.

Institute of Business Administration and Accountancy

Bachelor of Science in Accountancy

Course Title: INTERMEDIATE ACCOUNTING 2

Course Code: AE16
Credit Units: THREE (3) UNITS
Course Description:
This course covers understanding and application of accounting principles and standards
relating to nature and composition of accounts, initial recognition, measurement and valuation,
subsequent events and transactions, subsequent measurement and the required disclosures of
financial and non-financial liabilities, leases, income taxes, employee benefits and
shareholders’ equity.

COURSE OUTLINE

TOPIC WEEK
I. Financial Liabilities 1-4
i. Accounts Payable
ii. Notes Payable
iii. Bonds Payable
iv. Effective Interest Method
v. Compound Financial Instruments
vi. Debt Restructuring
II. Non-Financial Liabilities 5-6
i. Provisions and Contingencies
ii. Premium Liability
iii. Warranty Liability
iv. Other Liabilities
III. Leases 7-10
i. Lessee Accounting
ii. Lessor Accounting
iii. Operating Lease
iv. Finance Lease
a. Direct Financing Lease
b. Dealer’s or Manufacturer’s Lease
v. Sale and Leaseback
MIDTERM EXAMINATION
IV. Accounting for Income Tax 11-12
V. Employee Benefits 13-14
i. Short-term Employee Benefits
ii. Post-Employment Benefits
iii. Defined Benefit Plan
iv. Other Long-Term Employee Benefits
VI. Shareholder’s Equity 15-18
i. Contributed Capital
ii. Treasury Shares
iii. Share Split
iv. Share Rights, Warrants and Options
v. Retained Earnings
vi. Quasi-Reorganization
FINAL EXAMINATION
 St. Vincent de Ferrer College of Camarin, Inc.
Institute of Business Administration and Accountancy
Bachelor of Science in Accountancy

GRADING SYSTEM

Class Standing 30%

Quizzes 10%
Assignments 10%
Attendance 10%
Mid-term Examination 30%
Final Examination 40%
Total 100%

NOTE:
• If the student has incurred more than three (3) unexcused absences,
he/she shall be considered “DROPPED”.
• Late student to join the online class for about 30 minutes will be marked
as “ABSENT.”
• If the student fails to take the Final Exam, his/her Final Grade will be
“INCOMPLETE (INC)” subject to completion within 1 year.
• If the student has completed the Final Exam but failed to take the Mid-
term Exam, his/her Mid-term Grade will be equivalent to his/her Final
Exam result minus ten percent (10%).