BM1706

Course Syllabus
STI VISION: STI INSTITUTIONAL OUTCOMES:
To be the leader in innovative and relevant education that nurtures
individuals to become competent and responsible members of Character (IO1): An STIer is a person of character. An STIer takes responsibility for his/her actions, treats people with
society respect, and lives with integrity.

STI MISSION: Critical thinker (IO2): An STIer is a critical thinker. An STIer challenges and analyses all information through sound
We are an institution committed to provide knowledge through the questioning and is unafraid to push for creative ideas.
development and delivery of superior learning systems.
Communicator (IO3): An STIer communicates to understand and be understood. An STIer discerns the value of
We strive to provide optimum value to all our stakeholders - our information read or heard and effectively expresses his/her own emotions when sharing information, may it be
students, our faculty members, our employees, our partners, our spoken or written.
shareholders, and our community.
Change-adept (IO4): An STIer is change-adept. An STIer can adjust, adapt, and reinvent continuously to changing
We will pursue this mission with utmost integrity, dedication, circumstances. An STIer believes in letting go of the old and embracing the new to achieve his/her fullest potential.
transparency, and creativity.
SERIAL NUMBER: BM1706 COURSE TITLE: INTERMEDIATE ACCOUNTING 1 CREDIT: 3 units (3 hours lecture per week)
COURSE DESCRIPTION: The aim of this course is to gain a sound understanding of generally accepted accounting principles
governing recognition and measurement of assets and liabilities in financial statements used by parties
external to the business enterprise.

PREREQUISITE: ACCT1003-Financial Accounting and Reporting

COURSE OUTCOMES: After successful completion of this course, the student should be able to:

CO1. Discuss the growth of accounting profession throughout the years. (MAPO4-PI14; BAPO4-P16; AIPO4-P14)
CO2. Explain and analyze the financial statement assets’ valuation in the Statement of Financial Position. (MAPO1-PI1; BAPO1-PI1; AIPO1-PI1;
BAPO5-PI17; AIPO5-PI15; MAP05-PI15; MAPO4-PI14; BAPO4-PI16; AIPO4-PI14)
CO3. Perform proper presentation, disclosure and applicable standards through devising the applicable disclosures and identifying correct
classification of accounts; (BAPO1-PI1; AIPO1-PI1; MAPO1-PI1; BAPO5-PI17; AIPO5-PI15; MAP05-PI15; MAPO4-PI14; BAPO4-PI16; AIPO4-
PI14)
CO4. Improve competence in solving practical financial asset problems. (MAPO4-PI14; BAPO4-PI16; AIPO4-PI14)
CO5. Develop brief knowledge about liabilities by performing sound judgement in recognizing liabilities.(MAPO4-PI14; BAPO4-PI16; AIPO4-PI14)

PREPARED BY: VERIFIED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL
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MANDATED BOOK: None

REFERENCES: 1. Robles, N. S., & Empleo, P. M. (2016). Intermediate accounting volume 1. Mandaluyong: Millenium Books, Inc.
2. Stolowy, H., & Ding, Y. (2017). Financial accounting and reporting: A Global perspective, 5th Edition. Singapore: Andre Ashwin.
3. Valix, C. T., Peralta, J. F., & M., C. A. (2016). Financial accounting volume one. Manila: GIC Enterprises & Co., Inc.
COURSE REQUIREMENTS: • Lecture Discussion
• Major Examinations
• Practical Examinations
• Quizzes
• Assignments
• Task Performance

GRADING SYSTEM: The following percentage distribution shall be followed:

Prelims 20%
Midterms 20%
Pre-finals 20%
Finals 40%
100%

The following are the recommended periodical grade components for this course:

Class Participation (Recitation, Quiz, etc.) 20%

Task Performance 50%
Major Examination 30%
100%
We’d be glad to hear from you. For questions or feedback on this course, feel free to email us through student.feedback@sti.edu

PREPARED BY: VERIFIED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL
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Course Outline
Student Teaching and Learning
Learning Objectives (LO) Week LEC Hours TOPICS Slides I-Guide Assessment Tasks
Handouts Activities
1 Analyze the effects of 1 3 Growth of Accounting: Sumer to Discussion Quiz and eLMS
Accounting in the business Modern Accounting review
Industry(CO1) History of Accounting: its Group Activity
2 Discuss the historical development to Modern Recitation
development of accounting. Accounting eLMS Activity
(CO1) Disciplines of Accounting
3 Identify disciplines Standard-Setting Bodies and Skills Checklist Homework
of accounting (CO1) Conceptual Framework
4 Identify local and
international standard-
setting bodies and
conceptual framework (CO3)
5 Define and determine 2-3 6 Cash and Cash Equivalents Discussion Assignment
proper valuation of Valuation of Financial Assets
Financial Assets (CO2) Definition of Cash and Cash
6 Evaluate the objectives of Equivalents Generalization Activity Written Quiz
management and internal Reporting Cash in the Financial
control over cash (CO3) Statement Task Performance
7 Compute and analyze how Cash Management
cash and cash equivalents Internal Control over Cash eLMS Quiz
are presented in the Petty Cash Fund
Financial Statements Bank Reconciliation
(CO2,CO3 and CO4) Proof of Cash
8 Properly account for Petty
Cash Fund Transactions
(CO3)
9 Prepare Bank Reconciliation
and explain its purpose (CO4)
10 Devise proof of cash from
cash transactions(CO4)
PREPARED BY: VERIFIED BY: APPROVED BY:
John Kenneth S. Santillan, CPA, CTT Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL
 BM1706

Student Teaching and Learning

Learning Objectives (LO) Week LEC Hours TOPICS Slides I-Guide Assessment Tasks
Handouts Activities
11 Interpret the nature of 4 3 Receivables Discussion Assignment
Receivables (CO2) Nature of Receivables
12 Identify proper classification, Classification, Valuation and Generalization Activity Written Quiz
valuation and presentation Financial Statement Presentation
of accounts receivable (CO3) Accounts Receivable Task Performance
13 Formulate entries for Initial measurement of Accounts
transactions relating to Receivable
accounts receivable and Subsequent measurement of
notes receivable (CO4) Accounts Receivable
14 Analyze and compute Recording the Write-Off of an eLMS Quiz
complex transactions Uncollectible Account
regarding receivables (CO4) Notes Receivable
15 Identify required disclosures Loans Receivable
for financial statement Receivable Financing
presentation (CO3)
16 Compose entries to account
for different forms of
receivable financing (CO4)
5 1 PRELIMINARY EXAMINATION Periodical Examination Pen-and-paper
Test
15 Interpret the nature of 6 3 Inventories Discussion Assignment
Inventories (CO2) Nature of Inventories
16 Identify the types of Cost of Inventories Generalization Activity Written Quiz
Inventories (CO2) Classification of Inventories
17 Distinguish the difference in Systems of recording Inventories Digital Learning Task Performance
systems of recording Inventory valuation Activity
Inventories (CO2) Valuation methods on outflows of eLMS Quiz
18 Analyze and compute Inventories
complex transactions Disclosures in Inventory
regarding inventories (CO4) Valuations

PREPARED BY: VERIFIED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL

Learning Objectives (LO)
19 Cite the nature of Property
Plant and Equipment (CO2)
20 Account for initial
recognition of Property,
Plant and Equipment (CO2)
21 Compute and identify the
difference between the
types of acquisition
of Property, Plant and
Equipment (CO4)
22 Analyze the different
depreciation methods (CO4)
23 Calculate depreciation
problems of Property, Plant
And Equipment (CO4)
24 Measure Property Plant and
Equipment after initial
Recognition (CO2)
25 Calculate Impairment of
Asset Values (CO4)
26 Solve issues in changes in
accounting estimate, and
correction of errors (CO4)
27 Identify the required
disclosure and compute for
derecognition of property,
plant and equipment (CO3,
CO4)
PREPARED BY:
John Kenneth S. Santillan, CPA, CTT
BM1706
Student Teaching and Learning
Week LEC Hours TOPICS Slides I-Guide Assessment Tasks
Handouts Activities
7-9 9 Property, Plant and Equipment Discussion Assignment
(PPE)
Property Plant and Equipment
Defined Generalization Activity Written Quiz
Initial Recognition and Valuation
List of Property Plant and
Equipment and its Characteristics Digital Learning Task Performance
Types of Acquisition of Property Activity
Plant and Equipment eLMS Quiz
Depreciation
Depreciation Methods
Component Depreciation
Partial Period depreciation
Depletion of Natural Resources
Depreciating Assets used in
Mining
Measurement of Property Plant
And Equipment after Initial
Recognition
Impairment of Asset Values
Change in Accounting Estimate
Affecting Property, Plant and
Equipment
Correction of Errors in
depreciation, derecognition and
disclosures
10 1 MIDTERM EXAMINATION Periodical Examination Pen-and-Paper
Test
VERIFIED BY: APPROVED BY:
Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL
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Student Teaching and Learning

Learning Objectives (LO) Week
28 Discuss the Nature of
Intangible Assets (CO2)
29 Compute for acquisition of
intangible Assets (CO4)
30 Formulate appropriate
entries for amortization,
impairment and subsequent
expenditures (CO2)
31 Identify the proper
presentation of
intangible assets in the
Financial Statements (CO3)
32 Discuss the nature of 12-13
Investments (CO2)
33 Identify the importance of
Investments (CO2)
34 Distinguish the different
Classification of investment
Securities (CO2)
35 Measure Investments at
Initial Recognition (CO2)
36 Devise entries for transaction
Involving Investment
Securities (CO2)
LEC Hours TOPICS Slides I-Guide Assessment Tasks
Handouts Activities
11 3 Intangible Assets Discussion Assignment
Nature of Intangible Assets
Categories of Intangible Assets Generalization Activity Written Quiz
Recognition of Intangible Assets
Change in Intangible Asset Values Digital Learning Task Performance
Expense recognition of Activity eLMS Quiz
Expenditures in Intangible Assets
Measurement after Initial
Recognition
Accounting for Research and
Development
Amortization of Intangibles
Impairment of Goodwill and
Cash Generating Unit
Impairment reversal and
Derecognition of intangible
Assets
Required disclosures
6 Investment in Equity and Discussion Assignment
Debt Securities
Nature of Investment Generalization Activity Written Quiz
Investment in Securities
Principles in recognition of Digital Learning Task Performance
Financial Assets
Subsequent transactions after
Initial recognition
Impairment of Equity Investments
Investment in Associate and Joint
Venture
Investment in Debt Securities

PREPARED BY: VERIFIED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL
 BM1706

Student Teaching and Learning

Learning Objectives (LO)
37 Calculate the exact value
of investment as of the
Reporting date (CO4)
38 Illustrate the principles of
Reclassification of Financial
Assets (CO3)
39 Identify the required
disclosures (CO3)
40 Distinguish investment
Property from owner-
occupied property (CO2)
41 Measure investment at initial
recognition (CO2)
42 Devise entries about
investment properties and
other non-current assets.
(CO4)
43 Identify and apply the
criteria in classifying assets
as held for sale (CO2)
44 Apply proper presentation
and disclosure(CO3)
Week LEC Hours TOPICS Slides I-Guide Assessment Tasks
Handouts Activities
Debt Investment at Amortized
Cost, and its disposal
Debt Investment at Fair Value
Through Profit or Loss
Debt Investment at Fair Value
through OCI
Impairment Loss on Debt
Investment
Reclassification of Debt
Investment
Required Disclosures
14 1 PRE-FINAL EXAMINATION Periodical Examination Pen-and-Paper
Test
15-16 6 Investment Property and other Discussion Assignment
Non-current assets
Investment Property Generalization Activity Written Quiz
Initial Recognition
Valuation after Initial Recognition Digital Learning Task Performance
Transfers to and from other
Classifications eLMS Quiz
Presentation on the Statement of
Financial Position
Derecognition
Required Disclosures
Other Non-current financial
Asset
Non-current asset held for sale:
measurement, reclassification and
Financial Statement
presentation
Required Disclosures

PREPARED BY: VERIFIED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL
 BM1706

Student Teaching and Learning

Learning Objectives (LO) Week LEC Hours TOPICS Slides I-Guide Assessment Tasks
Handouts Activities
44 Define biological assets 17 3 Biological Assets and Liabilities Discussion Assignment
(CO2) Definition of Biological Assets,
45 Distinguish the difference Agricultural produce and bearer
between biological assets, Agricultural Activity Generalization Activity Written Quiz
agricultural produce and Accounting for Biological Asset:
bearer plants (CO2) Initial recognition, after initial
46 Compute the value of recognition valuation and entries Digital Learning Task Performance
biological asset (CO4) Agricultural Produce
47 Devise entries for biological Overview of liabilities eLMS Quiz
asset (CO4)
48 Discuss an overview of
Liabilities (CO5)
18 1 FINAL EXAMINATION Periodical Examination Pen-and-Paper
Test

PREPARED BY: VERIFIED BY: APPROVED BY:

John Kenneth S. Santillan, CPA, CTT Kristine E. Lu, M.Ed EL Aisa Q. Hipolito, M.Ed EL