EASTERN VISAYAS STATE UNIVERSITY

Tacloban City
Control No. EVSU-ACA-F-005
Title of Form: Course Syllabus
Revision No. 0
Date

COURSE: AE 317
DOCUMENT: SYLLABUS
Intermediate Accounting 3 COPIES ISSUED TO:
DOCUMENT NO.:
DATED:
DATE OF EFFECTIVITY:

VISION A leading state university in technological and CORE VALUES

professional education.w
E – Excellence V – Value – Laden S – Service – Driven U – Unity in Diversity
MISSION De
competent human resource imbued with positive values GRADUATE ATTRIBUTES INTENDED FOR INSTITUTIONAL LEARNING OUTCOMES (ILOs)
needed to propel sustainable development. NATIONALIANS (GAINs)

GOALS T a. Demonstrate personal and collective adherence to

1. Excellence high standards and distinctive achievement.
provide advanced education, higher technological,
professional instruction and training in trade, fishery,
b. Instill the value for lifelong learning among graduates
agriculture, forestry, science, education, commerce,
2. Value Laden who are guided with highest practice of ethics,
architecture, engineering and related courses. It shall also
principles and moral standards.
undertake research and extension services and provide
progressive leadership in its areas of specialization. c. Show commitment and motivation to exist with
- Republic Act No. 9311 3. Service Driven relevance and significance in providing assistance to
clientele.
d. Create an environment which respect each other’s
4. Unity in Diversity worth, beliefs and talents towards a synergetic goals.

Program Learning Outcomes (PLOs) ILOs

Based on CHED Memorandum Order No. 27, series of 2017 - Revised PSGs for Bachelor of Science in Accountancy (BSA), the following
a b C d
are the learning outcomes of the program:
1. Apply knowledge of information and communication technology (ICT) skills as required by the business environment and as a
business tool in capturing financial and non-financial information, generating reports and making decisions.  
2. Resolve business 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   
3. system
Select the proper decision-making tools to critically, analytically and creatively solve problems and drive results.  
4. Identify and describe the basic concepts that underlie each of the functional areas of business (marketing, finance, human resource
management, production, and operation management, information technology and strategic management) and employ these concepts 
in various business situations.
 5. Conduct accountancy researches through independent studies of relevant literature and appropriate use of accounting theory
and methodologies to help organizations create accounting systems.   
6. Use and apply the knowledge on basic functions of management such as planning, organizing, leading and controlling to affect
change and transformation in the organization.  
7. Effectively communicate orally and in writing using both English and Filipino  
8. Work effectively and independently in multi-disciplinary and multi-cultural teams.  
9. Act in recognition of a professional, social, moral and ethical responsible accountant. 
10. Use accounting skills in providing services objectively to financial information users by maintaining the highest standards of
morality and professionalism.  
11. Apply knowledge and skills to successfully respond to various types of assessment (including professional licensure and
certifications). 
12. Articulate and discuss the latest development in specific field of practice as a service to the Filipino community and beyond.  
13. Preserve and promote “Filipino historical and cultural heritage” (based on RA 7722), and be identified as a Filipino among
different races in a global work set up and promote harmony in the work place.  

COURSE DESCRIPTION

This subject focuses on special matters affecting financial statement preparation and reporting. The purpose is to describe how to account these transactions with comparison of the actual or
prevailing practices, in order to equip students with necessary knowledge in preparation for the board examination, employment and actual practice of the accounting profession

PRE-REQUISITE(S)
 Prerequisite 1: AE 216 Intermediate Accounting 2

COURSE LEARNING OUTCOMES (CLO)

At the end of the course, the student will be able to: PLO
1 2 3 4 5 6 7 8 9 10 11 12 13
1. Describe and internalize the Vision and Mission of EVSU, the goals and objectives of the college
and the accountancy department, respectively.  
2. Prepare and Present Financial Statements.       
3. U n d e r s t a n d A c c o u n t i n g C h a n g e s .   
4. Comprehend and Account for Derivatives.   
5. Identify Revenue and Expense Recognition.    
6. C a l c u l a t e B o o k V a l u e a n d E a r n i n g s P e r S h a r e    
7. R e c o g n i z e H y p e r i n f l a t i o n    
8. Distinguish Small and Medium size Entities (SMEs)  
9. Show mastery on the subject through examination and/or practice sets.            

CREDIT
3
TIME ALLOTMENT
▪
The pedagogical implementation of this course will be through a Flexible Learning Modality in which for every week, there will be a one (1) hours residential session/lecture class and
two
(2) hours online education and/or home-based learning. However, this Syllabus presents an option for a full FLM practice without the need for a face-to-face setup.
COURSE REQUIREMENT
INDIVIDUAL PERFORMANCE TASKS: Grade Component Due Grade Point Competencies

Quizzes:
 Presentation of Complete Set of
Financial Statements  Practice proper financial reporting.
❖ Understand accounting changes
 Accounting Changes
❖ Account for derivatives
 Derivatives
❖ Compare revenue-expense recognition principles.
 Revenue-Expense Recognition Quizzes Weekly 30%
 Compute book value and earnings per share
 Book Value and EPS  Understand hyperinflation
 Hyperinflation  Familiarize accounting standards for SMEs
 SMEs

Assignments:
 Preparation of Complete Set of
Financial Statements
 Accounting Changes Assignment Weekly 10% ❖ Apply knowledge to online learning strategies
 Derivatives ❖ Learning independently
 Revenue-Expense Recognition ❖ Make a concept map in every topic, and explain each topic.
 Book Value and EPS effectively by integrating the knowledge learned
 Hyperinflation
 SMEs

Written Major Examinations Major Examination ❖ Demonstrate mastery of the concepts by integrating them in solving
October
50% or making investing decisions
December

GROUP PERFORMANCE TASKS:

Small group discussions ❖ Work effectively in teams

Recitation ❖ Demonstrate effective leadership
Weekly 10% ❖ Demonstrate skills in planning, organizing and leading needed in
managerial decisions and reports.

Tot 100%
al
CLASS POLICIES

1. Attendance in classes is required and the University polices on dropping absentee students will be strictly followed. In the Flexible Learning Modality, the policy on attendance refers to
actual presence and active participation of students in the various online activities under this course

2. Students are responsible for any missed lessons, written works, performance tasks, or major exam(s). The completion of specific task or submission of a certain assignment/output
shall adhere to the agreed schedule as reflected in the Course Requirements.

3. All forms of cheating or dishonesty shall be punishable. The penalty shall be determined by the Director of Student Affairs and Services Office (SASO) according to the circumstances of
the case and after due process (Section 288, University Code). All COBE students are expected to be academically honest. Cheating, lying and other forms of unethical behavior will not
be tolerated. Any student found guilty of cheating in examinations or plagiarism in submitted course requirements will (at a min imum) receive a 0.0 in the specific requirement or 5.0
(failure) in the course itself. Plagiarism and cheating refer to the use of unauthorized books, notes or otherwise securing help in a test; copying tests, assignments, reports or term papers;
 representing the work of another person as one’s own; collaborating without authority with another student during an examination or in preparing academic work (online and/or home-
based); signing another student’s name on an attendance sheet/evaluation forms; or otherwise practicing scholastic dishonesty. Unauthorized log-in to the COBE Learning Management
System and consequent activities or manipulations of any or all applications and information/data contained therein is punishable under pertinent University policies and existing laws of
the land.

4. Class participation is a very important part of the learning process in this course. Students will be evaluated on the quality of their contributions and insights either in class or online.

5. Students are required to adhere to the behavior standards and to refrain from disrupting classes. If a student is disruptive, the faculty member may ask the student to stop the disruptive
behavior and warn the student that such disruptive behavior can result in academic or disciplinary action.

GRADING SYSTEM
There will be two grading periods for a regular semester, midterm period and final period.

Grade Equivalent

1.00 95% - 100%

1.5-1.1 90% - 94%
2.0-1.6 85% - 89%
2.5-2.1 80% - 84%
3.0-2.6 75% -79%
3.5-3.1 70% - 74%

4.0-3.6 65%-69%
4.5-4.1 60% - 64%
5.0-4.6 55% - 59%
INP In Progress
DRP Officially Dropped
INC Incomplete

Grade Midterm Final

Component Grade Grade
Quizzes 30% 30%
Assignments 10% 10%
Recitation 10% 10%
MidTerm Written Exam 50%
Final Written Exam 30%
Research Paper 20%
Total 100% 100%
RETENTION POLICY
Students must maintain a grade of 2.5 in all accounting and board related subjects. In case a student incurs a grade below 2. 5 in any accounting or board related subject, in any semester, s/he
will be under a probationary semester. Another incurrence of a grade below 2.5 during the probationary semester or succeeding semesters following the probationary semester would mean
autom atic elimination. Provided that, students under the probationary semester shall take a qualifying examination to be given prior to enrolment and must get at least 75% of the total number of
items. Provided further that, failure to pass the qualifying examination would mean automatic elimination.

COURSE CONTENTS
COURSE LEARNING TOPIC LEARNING
Week
OUTCOMES OBJECTIVES TOPICS METHODOLOGY RESOURCES ASSESSMENT
No.

Describe and internalize To enable the students Class Orientation Orientation Lecture on the University Code/College Online Exercise
the Vision and Mission know, describe and • VMGO following: Bulletin/Student Manual/ and/or Quiz
of EVSU, the goals and internalize the Vision and • Grading System (1) EVSU Mission and Vision, CHED Memo (particularly on the
objectives of the college Mission of EVSU, the goals • Classroom Policies and (2) Course Objectives and VMGO and the use
1 and the accountancy and objectives of the college Rules Requirements, Google Meet, Google of google meet and
department, and the accountancy (3) Grading System and Classroom, google classroom)
respectively department respectively, (4) Classroom Policies and
Rules
and also the
class policies and rules, the (5) The use of Google
grading system, and the Classroom, Google Meet
effective and efficient use
of the different Learning
Management System

Prepare and Present a. To define financial
Financial Statements. statements
b. To know the objective
of financial statements
c. To recognize general
purpose financial
statements
d. To identify elements
2
and components of
financial statements.
e. To prepare financial
statements
UNIT I. FINANCIAL o Send PDF Format Intermediate Accounting Assignment 1:
STATEMENTS resources and video 3 – 2020 Edition Text Preparation of
presentations for the Book (Valix, Peralta, Complete Set of
- Definition students’ references before Financial
Valix)
- General Purpose Financial the discussion Statements
Statements o PowerPoint presentation in
- Objective of Financial an online class discussion Recitation 1:
Google Meet, Google
Statements o Students’ Online Interaction Classroom Group Discussion
- Elements of Financial on Assignment 1
Statements
- Components of Financial
Statements
 a. To define financial
reporting
b. To identify the
objective of financial
3 reporting
Prepare and Present c. To understand
Financial Statements. interim reporting
d. To account for
operating segments
e. To properly account
noncurrent assets held
for sale
f. To account for
discontinued
operations
a. To differentiate
accounting estimate
and accounting policy.
b. To identify prior period
Understand errors.
4 Accounting c. To adjust accounts to
Changes. correct errors.
a. To define derivatives
b. To understand
interest rate swap.
c. To familiarize,
5-6 Comprehend and forward, futures and
Account for Derivatives options contract.
d. To comprehend
hedging
UNIT II. FINANCIAL o Send PDF Format resources Intermediate Accounting
REPORTING and video presentations for 3 – 2020 Edition Text
the students’ references Book (Valix, Peralta, Quiz 1:
- Objective before the discussion Valix) Presentation of
Complete Set of
- Limitations o PowerPoint presentation in an
online class discussion Financial
- Interim Financial Reporting
o Students’ Online Interaction Statements
- Operating Segment Google Meet, Google
- Noncurrent Assets held for Classroom
sale Recitation 2:
- Discontinued Operations Group Discussion
on Quiz 1.
UNIT III. ACCOUNTING o Send PDF Format resources Intermediate Accounting Assignment 2:
CHANGES and video presentations for 3 – 2020 Edition Text Accounting
the students’ references Book (Valix, Peralta, Changes
- Accounting Estimate before the discussion Valix)
- Accounting Policy o PowerPoint presentation in an Recitation 3:
- Prior Period Errors online class discussion Group Discussion
- Error Correction o Students’ Online Interaction Google Meet, Google on Assignment 2
Classroom
Quiz 2:
Accounting
Changes
UNIT IV. DERIVATIVES o Send PDF Format resources Intermediate Accounting Assignment 3:
and video presentations for 3 – 2020 Edition Text Derivatives
- Interest rate swap the students’ references Book (Valix, Peralta,
- Forward, futures and options before the discussion Valix) Recitation 4:
o PowerPoint presentation in an Group Discussion
online class discussion Google Meet, on Assignment 3
o Students’ Online Interaction Google
Classroom Quiz 3:
Derivatives
 a. To appreciate cash UNIT V. REVENUE-EXPENSE o Send PDF Format resources Intermediate Accounting Assignment 4:
and accrual basis RECOGNITION and video presentations for 3 – 2020 Edition Text Revenue-Expense
accounting. the students’ references Book (Valix, Peralta, Recognition
7 Identify Revenue and b. To acquaint with - Cash and Accrual Basis before the discussion Valix)
Expense Recognition. single entry system. - Single Entry o PowerPoint presentation in an Recitation 5:
c. To recognize current - Current Cost Accounting online class discussion Google Meet, Google Group Discussion
cost accounting o Students’ Online Interaction Classroom on Assignment 4

Quiz 4:
Revenue-Expense
Recognition

To demonstrate Intermediate Accounting

Show mastery on the mastery on the 3 – 2020 Edition Text
subject through knowledge gained in In Class Examination Book (Valix, Peralta,
examination and/or managerial Valix)
8 practice sets economic decisions
through written Google Meet, Google
examination Classroom

a. To compute book UNIT VI. BOOK VALUE AND o Send PDF Format resources Intermediate Accounting Assignment 5:
value, basic EARNINGS PER and video presentations for 3 – 2020 Edition Text Book Value and
earnings and diluted SHARE the students’ references Book (Valix, Peralta, Earnings Per
earnings per share. before the discussion Valix) Share
Calculate Book b. To distinguish basic - Book Value Per Share o PowerPoint presentation in an
9 Value and Earnings and diluted earnings - Basic Earnings Per Share online class discussion Google Meet, Google Recitation 6:
Per Share per share - Diluted Earnings Per Share o Students’ Online Interaction Classroom Group Discussion
c. To estimate firm’s on Assignment 5
value
Quiz 5:
Book Value
and Earnings
Per Share
 a. To define with UNIT VII. HYPERINFLATION o Send PDF Format resources Intermediate Accounting Assignment 6:
hyperinflation. and video presentations for 3 – 2020 Edition Text Hyperinflation
b. To account for - Definition the students’ references Book (Valix, Peralta,
Recognize entities under - Financial Reporting in before the discussion Valix) Recitation 7:
Hyperinflation hyperinflationary Hyperinflationary Economy o PowerPoint presentation in an Group Discussion
10 economy. - Constant Peso Accounting online class discussion Google Meet, Google on Assignment 6
c. To familiarize with - Monetary and Non Monetary o Students’ Online Interaction Classroom
necessary Accounting Quiz 6:
procedures and - Procedures for Reinstatement Hyperinflation
disclosures. - Disclosures

To familiarize with the UNIT VIII. SMEs o Send PDF Format resources Intermediate Accounting Assignment 7:
accounting standards and video presentations for 3 – 2020 Edition Text SMEs
that govern SMEs - Definition the students’ references Book (Valix, Peralta,
Distinguish Small and - Financial Statements before the discussion Valix) Recitation 8:
11-12 Medium size Entities - SMEs Assets o PowerPoint presentation in an Group Discussion
(SMEs) online class discussion Google Meet, Google on Assignment 7
Classroom
o Students’ Online Interaction
Quiz 7:
SMEs

To demonstrate Intermediate Accounting

mastery on the 3 – 2020 Edition Text
Show mastery on the knowledge gained in Book (Valix, Peralta,
subject through managerial economic In Class Examination Valix)
13 examination and/or decisions through
practice sets written examination
REFERENCES
Textbook:
Intermediate Accounting 3 (2020 Edition) – Valix, Peralta, Valix

Other Suggested Online Resources and/or References:

Facebook Group : https://www.facebook.com/groups/139623559523477/?ref=share

Youtube: https://www.youtube.com/user/MsNshoe/videos

Prepared by:

JEREMIAH EDISON C. NICART, CPA

Faculty

Reviewed by:

SALVADOR O. BONIFACIO, CPA, MM

Head, Accountancy Department

Noted by: Approved by:

GERRY B. DE CADIZ, PhD, EnP DENNIS C. DE PAZ, PhD

Dean, College of Business and Entrepreneurship Vice President for Academic Affairs