COURSE CODE COURSE TITLE UNITS / TYPE

ACBSBA3 ACCOUNTING FOR PARTNERSHIP AND CORPORATION 2/LECTURE

PREREQUISITE/S
CO-REQUISITE/S
The course focuses on accounting for Partnership entity and Corporation. It describes general matters relating
COURSE DESCRIPTION to the partnership form of business organization, including partnership formation, accounting for partnership
operations, accounting for changes in ownership interests, dissolution and liquidation .
INSTITUTION VISION STATEMENT

We aim to be a top learning institution that develops principled leaders passionate about transforming lives for the love and service of

God, humanity, and country.

INSTITUTION MISSION STATEMENT

We are FEU Diliman! Our learning institution offers K12, Tertiary, and beyond. We nurture character and competence and, we inspire

love for lifelong learning.

DEPARTMENT VISION STATEMENT

DEPARTMENT MISSION STATEMENT

The Department of Accounts and Business is committed to produce principled , proficient and competent accounting and business
graduates espousing FORTITUDE, EXCELLENCE AND UPRIGHTNESS .
PROGRAM EDUCATIONAL OBJECTIVES

The Bachelor of Science in Business Administration Program (Financial Management shall collaborate and strongly integrate with the industry to be
able to :
1. Provide learning experiences and proficiency that deliver a supportive program of study and activities which will contribute to the student’s well-
being and social development to produce qualitied graduates who can easily adopt to the need and expectation of the industry which will enhance
professional growth and intellectual development.
2. Develop student\s capability so they can adhere to criteria of global perspective, comprehend with international and local business concepts to
enhance professional competency.
3. Produce business administration graduates with very strong foundation to pursue professional excellence both local and global skills and
Competency in accounting and other related fields such as corporate finance, corporate banking, investment management.
PROGRAM OUTCOMES

A graduate of a Bachelor of Science in Business Administration (Financial Management) should be able to:
a. Learn and understand the significant core concepts of the formation , operation and liquidation OF Partnership and Corporate businesses
b. Enhance student’s knowledge Partnership and Corporate entities nature and scope of business operation.
c. Incorporate and develop student’s attitude to acquire an outlook primarily based on ethics, market integrity, good governance and competitive
global perspective necessary to create effective decision making in acquiring learning about significant business concepts.

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 COURSE LEARNING OUTCOMES AND RELATIONSHIP TO PROGRAM OUTCOMES
PROGRAM OUTCOMES
COURSE LEARNING OUTCOMES (CLO) a b c
1. Through knowledge and understanding , the
students will be able to acquire learning on X X X
different types of business, understand the
different accounting recognition in forming a
partnership, admitting a partner, allocation of
partnership income, advantages and disadvantages
in forming a partnership and a corporation.
2. Through Intellectual Skills, the students will be
able critically assess the process of forming a X X X
partnership and corporation and the varied legal
and business requirements to sustain its going
concern operating activity
3. Through professional and practical skills, the
students will be able analyze and interpret X X X
partnership accounting problems such as
formation and admission, retirement and
liquidation.
(2) Solve partnership accounting problems such as
retirement and liquidation.
(3) Analyze and solve corporation accounting
problems such as issuance of equity, treasury
stocks and dividend.
(4) Analyze and interpret corporation accounting
problems such as issuance of debt and interest on
debt.

WEEK/ DETAILED TEACHING AND LEARNING

INTENDED LEARNING ASSESSMENT
NO. OF COURSE ACTIVITIES CLO
OUTCOME (ILO) TASK (AT)
HRS. CONTENT FACULTY STUDENT

Week 1- 6 • Understand the definition of Orientation to the COURSE • Read , study Quiz and Home
( 12 hrs. ) accounting OVERVIEW and Assignment 1, 2
Course
• Identify and explain the steps • Introduction Syllabus understand And
in the accounting process Powerpoint Powerpoint 3
• Course
• Prepare adjusting entries and Lecture and
lecture
understand the rationale for Syllabus discussion
their preparation • Class and Supplementary • Virtual class
• Explain the advantages of Institutional Materials discussion
(Synchronous
preparing reversing entries Policies virtual
and identify adjusting entries ASSESSMENT learning)
that may be reversed
CHAPTER 1 TASKS • Develop
REVIEW OF Homework and critical and
quizzes analytical
THE thinking
(Chapters 1, 2 ,
ACCOUNTING
3 , 4, and 5)
PROCESS
• Definition of MIDTERM
Accounting EXAMINATION
(Chapters 1,2,3,4
and 5)
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 • The
Accounting
Process
• Define and discuss the nature CHAPTER 2
of partnership-characteristics,
NATURE AND
advantages and disadvantages
• Identify the different kinds of FORMATION
partnership and classes of OF
partners
PARTNERSHIP
• Discuss the requirements in
the formation of partnership • Definition and
• Discuss accounting for Classes of
partner’s initial investment in partnership
a partnership • Characteristics
• Advantages
and
Disadvantages
• Classes of
Partners
• Formation and
Accounting for
Partner’s Initial
Investment
CHAPTER 3
• Discuss the closing entries in
PARTNERHSIP
a partnership and differentiate
them from the closing entries OPERATIONS
in a sole proprietorship • Closing Entries
• Identify ands discuss the in a partnership
different methods and rules of and
dividing partnership profits differentiate
and losses among partners from sole
• Discuss and understand proprietorship
preparation of financial • Methods of
statements for partnership dividing profit
and losses
among partners
• Preparation of
Partnership
financial
statements
CHAPTER 4
• Define partnership dissolution
and identify the conditions PARTNERSHIP
arising in it DISSOLUTION
• Understand the accounting • Concepts on
procedures to record the Dissolution and
admission of a new partner by
reasons for
purchase
• Understand the accounting dissolution
procedures to record the • Admission of a
admission of a new partner by Partner
investment

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• Discuss and understand the CHAPTER 5
accounting procedures in CHANGE IN
recording the retirement or CAPITAL
withdrawal of a partner by
STRUCTURE BY
sale of interest to a new
partner or to the continuing or WITHDRAWAL ,
remaining partners RETIREMENT,
• Discuss and understand the DEATH OR
accounting procedures in INCAPACITY OF
recording the retirement or
THE PARTNER
withdrawal of a partner by
sale of interest to the • Retirement ,
partnership withdrawal of a
• Discuss and understand the partner by sale
accounting procedure in
of interest to a
recording the dissolution of a
partnership due to death or new partner or
incapacity of the partner to the
continuing or
remaining
partners
• Retirement or
withdrawal of a
partner by sale
of interest in
the partnership
• Dissolution of
the partnership
MIDTERM
EXAMINATION

• Define the partnership CHAPTER 6 • Read , study Quiz and Home 1,2,
COURSE and Assignment and
liquidation and identify its PARTNERHSIP
OVERVIEW understand 3
causes LIQUIDAITON :
• Discuss the major problems Syllabus Powerpoint
encountered in partnership LUMP-SUM Powerpoint lecture
liquidation • Define – Lecture and discussion
• Identify and differentiate the Partnership Supplementary • Virtual class
discussion
two types of partnership Liquidation Materials (Synchronous
liquidation and Causes virtual
• Discuss and understand the
• Problems ASSESSMENT learning)
accounting procedure under
encountered • Develop
lump-sum liquidation TASKS critical and
in Partnership Homework and analytical
Liquidation quizzes thinking
• Types of (Chapters 6, 7, 8
Partnership ,9 and 10)
Liquidation
• Lump-sum FINAL
Liquidation EXAMINATION

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• Explain the nature of CHAPTER 7 (Chapters 6, 7, 8 ,
installment liquidation INSTALLMENT 9 and 10)
• Discuss and understand the
procedures followed under LIQUIDATION
installment liquidation • Nature of
• Prepare Statement of Installment
Liquidation and the Liquidation
Accompanying Schedule • Procedures in
showing how available cash
to be distributed Installment
• Prepare Cash Priority Liquidation
Program • Statement of
Liquidation
• Cash Priority
Program
CHAPTER 8
• Define a Corporation and
identify its characteristics ORGANIZAIION
• Identify and discuss the AND
advantages and disadvantages FORMATION OF
of corporate form of CORPORATION
organization
• Define
• Identify and discuss the
Corporation
various classes of corporation
and
• Identify the components of a
Characteristics
corporation and the steps in
• Advantages
organizing it
and
• Identify the different types of
Disadvantages
records that are maintained by
a corporation Corporate form
• Identify and differentiate the of organization
two classes of share capital • Classes of
(share capital) that maybe Corporation
issued by corporation • Components of
• Identify the measurement a Corporation
bases in the issuance of share and steps in
capital in exchange of various organizing
considerations • Different types
• Record transactions relating of corporation
to the issuance of share records
capital using the • Classes of
memorandum entry method Share Capital
and the journal entry method • Measurement
of bases in
issuance of
share capital
• Recording
transactions
relating to
issuance of
share capital

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 • Explain the preparation of CHAPTER 9
worksheet, adjusting entries OPERATIONS ,
and closing entries for DIVIDENDS,
corporation
BOOK VALUE
• Explain the components of the
shareholder’s equity section PER SHARE AND
of the statement of financial EARNINGS PER
position SHARE
• Prepare the financial • Preparation of
statements of corporation work sheet,
specifically the statement of adjusting
changes in shareholder’s
entries and
equity
closing entries
• Identify the different types of
for corporation
dividends and compare
• Components of
amount of dividends to be
Shareholder’s
distributed to preference and
ordinary shareholders Equity
• Compute book value and • Statement of
earnings per share Shareholder’s
• Identify and explain the Equity
different types of retained • Different types
earnings appropriations of dividends
and
computation of
dividends
• Book Value
and earnings
per share
• Different types
of retained
earnings
appropriations
• Identify and explain the CHAPTER 10
various chare capital
SHARE CAPITAL
transactions subsequent to
original issuance TRANSACTIONS
• Explain the methods of SUBSEQUENT TO
acquiring and accounting for ORIGINAL
treasury shares ISSUANCE
• Share capital
transactions
subsequent to
original
issuance
• Accounting for
Treasury
Shares

( 3 hrs. ) Final Examination (Chapters 6-10)

( 52 hrs. ) Total Hours (Including Faculty-Student Discussion)

Lecture

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 INSTRUCTIONAL MATERIALS

- Courseware Materials. This can be downloaded from the Learning Management System (LMS) via the url
https://onefeu.instructure.com

- Powerpoint Presentation

CLO SUMMATIVE ASSESSMENT TASK (SAT) PERFORMANCE TARGET

1 Quiz (Per Chapters) 75%
2 Final Exam 25%

GRADING SYSTEM
Midterm Grade Final Grade

Midterm Grade (MG) = 60% (CS) + 40% (ME) Final Grade (FG) = 60% (CS) + 15% (ME)+25% (FE)

Lecture: 100% Lecture: 100%

Class Standing (CS) 60% Class Standing (CS) 60%

1. Quiz 30% 1. Quiz 30%
2. Class participation 10% 2. Class participation 10%
(Seatwork and Recitations) (Seatwork and Recitations)
3. Assignment 20% 3. Assignment 20%

Midterm Exam (ME) 40% Midterm Exam (ME) 15%

Final Exam (FE) 25%

PASSING RAW SCORE: 70 PASSING RAW SCORE: 70

TEXTBOOK/REFERENCES/ONLINE REFERENCES

[1] CONCEPTUAL FRAMEWORK , Valix, Conrado T. (2018)

(2) CONCEPTUAL FRAMEWORK, Cabrera, Elenita B. (2018)
(3) International Financial Reporting Standards Module Materials

Online Sources: http://ifac.org

Courseware Materials available at https://feu.instructure.com

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Prepared by: Evaluated by: Version:

BERNADETTE K. DIMZON, CPA-MBA

Faculty-In-Charge Version:
ALLAN JOSEPH R. BACUS, MBA
1.0
Assistant Director- Department of
Accounts and Business
Date Modified:
May 2020
ALLAN JOSEPH R. BACUS, MBA
Assistant Director – Department of Accounts and
Business

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