UNIVERSITY OF THE EAST

College of Business Administration

Manila Campus

DEPARTMENT OF ACCOUNTANCY, BUSINESS LAW AND TAXATION (ACLAT)

UNIVERSITY MISSION STATEMENT

Imploring the aid of Divine Providence, the University of the East dedicates itself to the service of youth, country and God,
and declares adherence to academic freedom, progressive instruction, creative scholarship, goodwill among nations and
constructive educational leadership.

Inspired and sustained by a deep sense of dedication and a compelling yearning for relevance, the University of the East
hereby declares as its goal and addresses itself to the development of a just, progressive and humane society.

UNIVERSITY VISION STATEMENT

As a private non-sectarian institution of higher learning, the University of the East commits itself to producing, through
relevant and affordable quality education, morally upright and competent leaders in various professions, imbued with a strong
sense of service to their fellowmen and their country.

INSTITUTIONAL OUTCOMES
In pursuit of its vision, mission, the University will produce graduates:
1. Attuned to the constantly changing needs and challenges of the youth within the context of a proud nation, its enriched
culture in the global community.
2. Able to produce new knowledge gleaned from innovative research—the hallmark of an institution’s integrity and
dynamism.
3. Capable of rendering relevant and committed service to the community, the nation and the world.

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 COLLEGE OF BUSINESS ADMINISTRATION
Manila

COLLEGE MISSION STATEMENT:

The College of Business Administration commits itself to prepare the youth through relevant, responsive and ethical curricular programs
into morally upright, competent and well-rounded entrepreneurs, accountants, bankers, economists, business and finance managers.

COLLEGE VISION STATEMENT:

The College of Business Administration aims to be recognized as one of the top five producers of highly competent graduates who
possess the knowledge, skills, values and attitudes that prepare them to compete on an even keel in both local and global workplace in the
21st century.

COLLEGE GOALS:
The College of Business Administration is committed to provide equal opportunities in quality business education with the UE mission and
our national aspiration, and geared towards global interdependence.

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 PROGRAM OUTCOMES:

A UE graduate of Bachelor of Science in Accountancy should be able to:

1. Resolve business issues and problems, with global and strategic perspective using knowledge and technical proficiency in the
areas of financial accounting and reporting, cost accounting and management, accounting and control, as well as taxation and
accounting information systems;
2. Conduct accountancy research through independent studies of relevant literature and appropriate use of accounting theory and
methodologies;
3. Employ technology as a business tool in capturing financial and non-financial information, generating reports and making
decisions;
4. Apply knowledge and skills that will enable them to successfully respond to various types of assessments (including professional
licensure and certifications); and
5. Confidently maintain a commitment to good corporate citizenship, social responsibility and ethical practice in performing functions
as an accountant.

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 UNIVERSITY OF THE EAST
COLLEGE OF BUSINESS ADMINISTRATION
Manila Campus

COURSE SYLLABUS
CURRICULUM YEAR 2018
SCHOOL YEAR 2018 - 2019

Course Code BSA 3101

Course Title Accounting for Special Transactions

Credit Units Lecture 3 units
Course Code BSA 2202
Pre-Requisite
Course Title Strategic Cost Management

Course Description:
This course deals with specialized accounting problems likely to be encountered by accountants. The study of the various topics in this
course is based upon fundamentals valuation accounting and accounting theories applied to special income and expense recognition
methods and expanded business operations. This course includes specialized problems in partnership accounting; accounting for joint
ventures and associated enterprises (including IAS 28 and IFRS 11); accounting for domestic branches; accounting for installment sales;
accounting for long-term construction contracts; fire insurance accounting; and other special issues such as built-operate-transfer (BOT) and
similar schemes.

Course Outcomes

Upon completion of the course, the learner will be able to:

1. The learners will acquire advanced accounting knowledge to prepare them for the accounting profession or further graduate work.
2. Learners will demonstrate critical thinking skills necessary for identifying and addressing complex situation in accounting-related areas
including ethical dilemmas.
3. Learners will be able to independently apply the rules or standards to a set of facts, make an appropriate recommendation regarding a
course of action.

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 TIME INTENDED LEARNING TEACHING/LEARNING ASSESSMENT
HOURS TOPICS
ALLOTMENT OUTCOMES ACTIVITIES TASKS

At the end of the lesson, the
Weeks 18 learner will be able to:
1 to 6 1. State the university and
college mission and vision
statements, college and
program objectives and
outcomes
2. Summarize the contents of the
syllabus and intended
learning.
3. Identify the requirements of
the course
Orientation on the University Mission and  Orientation
Vision, College Goals and Objectives and  Discussion
program goals, objectives and outcomes.  Sharing of
expectations
Overview of the course
Leveling of expectations  Question and answer
Orientation on the requirements of the
course

4. Understand the nature, scope TOPIC 1 – PARTNERSHIP ACCOUNTING  Discussion  Homework

and objectives of partnership A. Nature, Scope and Objectives  Recitation  Quiz
accounting B. Formation of Partnership  Homework  Graded
5. Differentiate sole C. Operations, Dissolutions and/or Changes  Readings recitation
proprietorship, partnership and in Ownership of Interest of the Partners  Power-point
corporation accounting D. Liquidation of Partnership
presentation and
conceptually
6. Determine and understand  Illustration problems
the concepts, principles, rules, and exercises
practices and procedures
applicable in partnership
accounting.
7. Determine, compute and
account the initial capital
contribution of the partners in
the partnership
8. Determine, compute and
account the capital balances of
the partners as a result of
operations and/ or changes in
the composition of the
partners.
9. Compute the amount of
settlement to the partners after

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 TIME INTENDED LEARNING TEACHING/LEARNING ASSESSMENT
HOURS TOPICS
ALLOTMENT OUTCOMES ACTIVITIES TASKS
liquidating the partnership
under lump sum and
installment liquidations (e.g.
safe payment computations)

PRELIMINARY EXAMINATION

Weeks 6 At the end of the lesson, the TOPIC 2 – CORPORATE LIQUIDATION  Discussion  Homework
7 and 8 learner will be able to: A. Preparation of statements of affairs with  Recitation  Quiz
1. Determine the order of priority deficiency statement  Homework  Graded
of the claimants to the assets B. Trusteeship operations recitation
 Readings
of corporation subject to C. Preparation of statements of realization
liquidation. and liquidation (conventional and  Power-point
2. Prepare the statement of alternative form) presentation and
affairs, Statement of  Illustration problems
Deficiency, and Statement of and exercises
Realization and Liquidation
3. Learn the concept of
trusteeship

Weeks 12 At the end of the lesson, the
9 - 12 learner will be able to:
1. Identify the changes in
revenue recognition
requirements under IFRS 15
2. Understand the changes in
revenue recognition
requirements under IFRS 15
3. Learn the framework for
recognizing revenue under
IFRS 15.
4. Determine the point of
revenue recognition under
installment sales
5. Compute the gross profit
rate and account for the
realized gross profit for each
year of sales and deferred
TOPIC 3 – REVENUE RECOGNITION  Discussion  Homework
A. IFRS 15 Revenue from Contracts with  Recitation  Quiz
Customers  Homework  Graded
a. Reason for change of revenue recitation
 Readings
recognition requirements
b. Framework for revenue  Power-point
recognition presentation and
B. Long term Construction Contracts  Illustration problems
a. Nature of construction contracts; and exercises
b. Contract revenue and costs;
c. Methods for accounting for
revenue recognition; percentage
of completion or cost recovery
method;
d. Anticipated losses;
e. Change in estimates;
f. Financial statement preparation
C. Franchise Operations – Franchisor’s point

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 TIME INTENDED LEARNING TEACHING/LEARNING ASSESSMENT
HOURS TOPICS
ALLOTMENT OUTCOMES ACTIVITIES TASKS
gross profit balance at the of view
end of the year a. Nature of franchise sales;
6. Understand the cases of b. Initial franchise fee, continuing
repossession and trade in franchise fee, and Franchisor’s
merchandise conceptually cost.
7. Determine and compute the D. Consignment Sales
Over or Under allowance a. Define a consignment
under trade in and Gain or arrangement.
Loss under repossession b. Apply the principles of PFRS 15
8. Prepare journal entries and in recognizing revenue from a
determine revenue, costs consignment arrangement
and gross profit under long
term construction contracts.
9. Ascertain the proper
financial statement
presentation applying the
applicable PFRS Standards
10. Determine revenue, costs
and gross profit under
franchise operations.
11. Apply accounting techniques
and procedures in
processing franchise fee and
related franchise
transactions
12. Prepare journal entries for
franchise transactions

MIDTERM EXAMINATION

Weeks 15 At the end of the lesson, the TOPIC 4 - ACCOUNTING FOR HOME  Discussion  Homework
13 to 17 learner will be able to: OFFICE, BRANCH AND AGENCY  Recitation  Quiz
1. Understand the nature and OPERATIONS  Homework  Graded
the different accounting A. Sales agencies and branches; recitation
 Readings
concepts affecting B. Sales agency accounts;
transactions among sales C. Branch accounting systems;  Power-point
agencies, branch and home D. Merchandise shipments in excess of cost; presentation and
office. E. Freight costs on shipments;  Illustration problems
2. Prepare journal entries for F. Home office branch expense allocation; and exercises

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 TIME INTENDED LEARNING TEACHING/LEARNING ASSESSMENT
HOURS TOPICS
ALLOTMENT OUTCOMES ACTIVITIES TASKS
home office, branch and G. Reconciliation of home and branch
agency transactions accounts
3. Analyze and understand inter-
branch transactions.
4. Perform elimination and
reconciliation of inter-branch
accounts.
5. Understand the conceptual
justification for financial
statement consolidation.
6. Prepare a consolidated
Financial Reporting in
accordance with PFRS and
other reportorial requirements
7. Account for special
procedures in home office and
branch transactions.
8. Learn the concept and
account for agency
transactions

Week 18 3 At the end of the lesson, the TOPIC 5 – OTHER TOPICS  Discussion  Homework
learner will be able to: A. Insurance Contracts (PFRS 17)  Recitation  Quiz
1. Apply the different concepts B. Account for build, operate and transfer  Homework  Graded
and the nature of accounting (IFRIC 12) recitation
 Readings
for transactions concerning
PFRS 17 and IFRIC 12.  Power-point
2. Prepare reportorial presentation and
requirements in accordance  Illustration problems
with PFRS and other and exercises
reportorial requirements of
governmental agencies.
3. Learn applicable PFRS and
acceptable practices
concerning Insurance.

FINAL EXAMINATION

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Textbook Dayag, A. (2017) Advanced Accounting Part I, Millennium Books, Inc.

References Baysa G.T. and Lupisan, Ma. C.Y. (2014) Advanced Accounting Part I, Millennium Books, Inc.
Vicente V.V. (2014) Advanced Accounting, Vol. 1., Mutual Books, Inc.
Guerrero, P. P. (2014) Advanced Accounting: A Procedural Approach, Part I. Manila: GIC Enterprise,
Manuel, Z (2014) Advanced Accounting, Vol. 1., [S.I.]
Fischer, P. M. (2014) Advanced Accounting. Australia: Thomas/South-Western

Learning Resources Books Computer

Laptop Projector
LCD

1. Class Standing 2. Major examination

Course Requirement/s
a. Recitation a. Preliminary
b Quizzes b. Mid-term
d. Assignment/seatwork c. Finals
d. Research work
Consultation Hours As posted

GRADING SYSTEM

PRELIM MIDTERM FINALS

Class Standing 20% Class Standing 20% Class Standing 20%
Quizzes 40% Quizzes 40% Quizzes 40%
Preliminary Exam 40% Midterm Exam 40% Final Exam 40%
100% TMG 100% TFG 100%
1/3 of PG 1/3 of MG
+ 2/3 of TMG + 2/3 of TFG
Midterm Grade Final Grade

* PG – Prelim Grade * TMG – Tentative Midterm Grade * MG – Midterm Grade * TFG – Tentative Final Grade

The 11-Point Grade System

1.00 98 - 100 2.00 86 – 88 3.00 75 – 76
1.25 95 – 97 2.25 83 – 85 4.00 70 – 74
1.50 92 – 94 2.50 80 – 82 5.00 Below 70
1.75 89 – 91 2.75 77 – 79

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I have read the course syllabus and I understand that I have to comply with the requirements of the course and the expectations from me as a student of
BSA 3101 during the ________ Semester of SY ____________________. I am fully aware of the consequences of non-compliance with the above-
mentioned requirements and expectations.

____________________________________
Printed name and signature of students

__________________
Date
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

I have read the course syllabus and I understand that I have to comply with the requirements of the course and the expectations from me as a student of
BSA 3101 during the ________ Semester of SY ____________________. I am fully aware of the consequences of non-compliance with the above-
mentioned requirements and expectations.

____________________________________
Printed name and signature of student

__________________
Date

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