UNIVERSITY OF THE EAST

Manila Campus
COLLEGE OF BUSINESS ADMINISTRATION
DEPARTMENT OF ACCOUNTANCY, BUSINESS LAW AND TAXATION (ACLAT)

November 19, 2021

FINAL DEPARTMENTAL EXAM (FDE)

SCHEDULE, COVERAGE AND REMINDERS
For the First Semester, SY 2021-2022

COURSE CODE&
DESCRIPTION SCHEDULE COVERAGE (TOPICS)

BSA 2102 December 11, 2021, Accounting for Inventories, Agriculture, Property, Plant
Intermediate 9:00 am – 12:00 pm and Equipment, Exploration & Evaluation Assets,
Accounting 1 & 2 Investment Property, Noncurrent Assets Held for Sale,
Intangible Assets & Goodwill, Fund & Other
Investments, Current Liabilities, Provisions &
Contingencies, Noncurrent Liabilities, Equity (including
Earnings per Share, Book Value per Share), and
Share-Based Payment

BSA 3102 December 11, 2021, Managerial Accounting and the Business Environment;
Managerial 9:00 am – 12:00 pm Cost Terms and Behavior; Cost-Volume-Profit
Accounting Analysis; Absorption & Variable Costing; Corporate
Planning and Budgeting; and Relevant Costs for
Decision Making; Standard Costing and Variance
Analysis; Financial Statement Analysis; Gross Profit
Variation Analysis; and Cash Flow Analysis

BSA 2103 December 11, 2021, Management, the Controller, and Cost Accounting;
Cost Accounting 1:00 pm – 3:00 pm Cost Concepts and Cost Accounting Information
and Control System; Cost Behavior Analysis; Cost Systems and
Cost Accumulation; Job Order Costing (including
Production Losses); Planning and Controlling of Costs
(Materials, Labor and Factory Overhead (including
departmentalization)); and Activity-Based Costing and
Management

BSA 3101 December 11, 2021, Partnership Accounting (Formation, Operations,

Accounting for 1:00 pm – 3:00 pm Dissolution and Liquidation); Corporate Liquidation;
Special Revenue Recognition (PFRS 15’s Five-Step Model,
Transactions Consignment Sales, Long Term Construction
Contracts, and Franchise Revenue); Accounting for
Home Office, Branch and Agency Operations; Service
Concession Arrangements; and Insurance Contracts
 COURSE CODE&
DESCRIPTION SCHEDULE COVERAGE (TOPICS)

BSA 1101 December 12, 2021, Accounting and the Business Environment; The
Fundamentals of 8:00 am – 11:00 am Recording Process; Processing Business
Accounting 1 & 2 Transactions; Payroll Accounting; Accounting for
Merchandising Operations; Subsidiary Ledgers &
Special Journals; Adjusting the Accounts; and
Completing the Accounting Cycle

BSA 2105 December 12, 2021, Estate Tax; Donor’s Tax; Value Added Tax (VAT);
Business Tax 8:00 am – 11:00 am Percentage Taxes; and Special Topics (Documentary
Stamp Tax, Excise Tax, Taxation under the Local
Government Code)

BSA 3106 December 12, 2021, Financial Reporting in Hyperinflationary Economies;

International 8:00 am – 11:00 am The Effects of Changes in Foreign Exchange Rates;
Accounting Accounting for Derivatives and Hedging Transactions;
PFRS for SMEs; and PFRS for Small Entities.

BSA 1102 December 12, 2021, Law on Obligations: General Provisions; Nature and
Law on Obligations 12:00 pm – 2:00 pm Effect of Obligations, Different Kinds of Obligations;
and Contracts and Extinguishment of Obligations.

Law on Contracts: General Provisions; Essential

Requisites of Contracts; Form of Contracts;
Reformation of Instruments; Interpretation of Contracts;
Rescissible Contracts; Voidable Contracts;
Unenforceable Contracts; and Void and Inexistent
Contracts

BSA 2104 December 12, 2021, Banking Laws (PDIC, Bank Secrecy, Truth and Lending
Regulatory 12:00 pm – 2:00 pm Act, AMLA); Anti-Bouncing Checks Law; Financial
Framework and Rehabilitation and Insolvency Act; Philippine
Legal Issues in Competition Act; Government Procurement Law; Ease
Business of Doing Business Law; Electronic Commerce Act;
Labor Law; Law on Consumer Act and Social Security
Law

BSA 3105 December 12, 2021, Fundamentals of Assurance Services; Non-audit

Auditing and 12:00 pm – 2:00 pm Assurance Engagements and Related Services; Audits
Assurance of Historical Financial Information; Professional
Principles Standards and Quality Control; Overview of the
Financial Statement Audit Process; Audit Planning;
Study and Evaluation of Internal Control; Substantive
Testing and Audit Documentation; Audit Sampling;
Completing the Audit; The Auditor’s Report; Special
Considerations and Audits of Summary Financial
Statements; Philippine Accountancy Act of 2004 (RA
9298) (including related issuances by the Professional
 COURSE CODE&
DESCRIPTION SCHEDULE COVERAGE (TOPICS)
Regulation Commission, the Board of Accountancy,
and the Securities and Exchange Commission); and
Code of Ethics for Professional Accountants in the
Philippines

The following are reminders to all examinees as regards the conduct of the Final Departmental
Examination (FDE):

1. The examination for three-unit course has a time limit of 120 minutes (2 hours), while a six-unit
course has a time limit of 180 minutes (3 hours). The examinee is given only one attempt to complete
the entire examination wherein all the questions will be shown one at a time.

2. It is prohibited to take pictures or screen shots of any part of the FDE.

3. All FDE questions are NOT locked. This will allow the examinee to go back to previous questions
and review before finalizing his/her answers.

4. Use of laptop or desktop with a webcam is preferred. Mobile devices may be used in the absence
of a laptop or desktop. Examinees are required to open their webcams for the entire duration of the
examination.

5. When using a mobile device, access Canvas via web browser.

6. No examinee shall GO OUT of the Canvas quiz-taking page at any time once the examination
hasbeen started.An examinee may use calculator, worksheet, and writing materials if needed.

7. A meeting invite will be sent by the assigned proctor to all examinees thru the assigned UE email
accounts. For mobile device users, ensure that you have installed a Google Meet app before taking
the exam.

8. The assigned proctor must be informed immediately of any concern or issue that may be
encountered during the exam (e.g. power outage, loss of internet access, technical issues within
Canvas, etc.).

9. Scores of the FDE will not be shown after submission of answers.

10. A list of examinees who garnered the ten (10) highest places for each course/exam will be released
on January 4, 2022.

Prepared by Noted by: Approved by:

JOSEPH Y. CO ANGELITO C. DESCALZO VERONICA N. ELIZALDE

Chair, ACLAT Department Associate Dean Dean