JOSE RIZAL UNIVERSITY

College of Business Administration and Accountancy

Accountancy Department

VISION
JRU will be a market leader in the use of technology for innovation in teaching and learning to produce graduates of social importance.

MISSION
The University aims to develop its students to become useful and responsible citizens through the effective transfer of relevant knowledge and
desirable values.

INSTITUTIONAL OUTCOME
A JRU graduate has the competencies and values in the disciplinal area completed such that he/she is a useful and responsible citizen of the country.

COURSE SYLLABUS

Course Title: Accounting for Business Combination & Special Transactions

Course Code: ACC C608
Credit Units: 6 units
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 fundamental valuation accounting and accounting theory as 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 International Accounting
Standards Statements Nos. 24, 28, and 31); accounting for domestic branches; accounting for installment sales;
accounting for long-term construction contracts; fire insurance accounting; and other special issues such as build-operate
transfer (BOT) and similar schemes. It deals mainly with consolidation and mergers, parent-subsidiary relationships, and
consolidated statements, including foreign subsidiaries. The other topics deal with accounting for the effects of changes in
foreign rates and other similar current issues. Also discussed are debt restructuring, accounting for financially distressed
corporations, accounting for the winding up of an enterprise, and accounting variations among countries.

Pre-Requisite: ACC C206

Placement: Third Year, 2ndSemester

Program Educational Objectives (PEO):

Three to five years after completing the Bachelor of Science in Accountancy (BSA) program, the graduate will:

1. excel in their profession/career utilizing the knowledge acquired in the BS Accountancy program;
2. become effective collaborators and innovators in solving accounting issues, applying professional/technical skills and competencies to
make a positive impact on society; and
3. be engaged in life-long learning and professional development through self-study, continuing education, or graduate and professional
studies.

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 JOSE RIZAL UNIVERSITY
College of Business Administration and Accountancy
Accountancy Department

Student Outcomes (SO):

After the completion of the program, the graduates of the Bachelor of Science in Accountancy (BSA) program shall be able to:

a. take the Certified Public Accountant (CPA) examination by showing excellence in financial accounting and reporting, auditing,
advanced financial accounting and reporting, management advisory services, regulatory framework for business transactions and
taxation;
b. exhibit accounting and auditing skills for employment in private establishments and government agencies; and
c. express oneself clearly and effectively with stakeholders in oral or written form using information and communication technology (ICT)
skills; and
d. demonstrate social responsibility with high personal, moral and ethical standard.

Course Learning Outcomes (CLO):

At the end of this course, the students shall be able to:

CLO1: describe and account for the formation and operation of partnership, partnership’s dissolution and liquidation, including corporate
liquidation, joint arrangements, customer contracts and related accounting for revenues such as instalment sales, long-term construction
contract, franchise, home office and branch, business combinations.
CLO2: apply related IFRS and IAS through problem-solving and accounting for the formation and operation of partnership, partnership’s
dissolution and liquidation, including corporate liquidation, joint arrangements, customer contracts and related accounting for revenues
such as instalment sales, long-term construction contract, franchise, home office and branch, business combinations.
CLO3: prepare financial statements derived from accounting for Partnership, Corporate Liquidation, Joint Arrangements, Customer
Contracts (IFRS 15),Home Office and Branch, and Business Combinations using consolidated financial statements at the date of
acquisition and after the date of acquisition.

CLO Grid: Each CLO vis-à-vis SO and PEO:

CLO SO PEO
CLO1 a, b 1,2
CLO2 a, b, d 1,2
CLO3 a, b, d 1,2

Course Outline:

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 JOSE RIZAL UNIVERSITY
College of Business Administration and Accountancy
Accountancy Department
Timeframe Topic/Content Course Teaching /Learning Assessment Evaluation
Learning Activity
Outcome

Week 1 Orientation of JRU

vision/mission, core values,
6 hours PEO, SO, course outcomes, Synchronous: Asynchronous:
grading system and course Assignment Canvas
virtual meeting(45 minutes)
policies.
Asynchronous: (Discussion
Nature and Formation of a
notes, Downloadable pdf file,
partnership
YouTube tutorials)

Week 2 Partnership Operations CLO2 Synchronous virtual meeting 50% of the

students got a
6 hours (45 minutes) Asynchronous: rating of ≥ 2.5 on
Assignment Canvas a 5-point scale.

Asynchronous: (Discussion
notes, Downloadable pdf file,
YouTube tutorials)

Week 3 Partnership dissolution CLO1 Synchronous virtual meeting Asynchronous: 50% of the
Assignment Canvas studentsgot a
6 hours (45 minutes) rating of ≥ 2.5

Summative test
Asynchronous: (Discussion (WW1)
notes, Downloadable pdf file,
YouTube tutorials)

Week 4 Partnership Liquidation CLO2 Synchronous virtual meeting Asynchronous: 50%of the

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 JOSE RIZAL UNIVERSITY
College of Business Administration and Accountancy
Accountancy Department
6 hours (45 minutes) Assignment Canvas students got a
rating of ≥ 2.5 on
a 5-point scale.

Asynchronous: (Discussion
notes, Downloadable pdf file,
YouTube tutorials)
Week 5 Joint Arrangements CLO3 Synchronous virtual meeting 50% of the
students got a
6 hours (45 minutes) Asynchronous: rating of ≥ 2.5 on
Assignment Canvas a 5-point scale.

Asynchronous: (Discussion
notes, Downloadable pdf file, Summative test
YouTube tutorials) (WW2)
50% of the
CLO1
students got a
rating of ≥ 2.5.

Week 6 50% of the

students got a
6 hours CLO1 PRELIM EXAMINATION rating of ≥ 2.5.

Week 7 Revenue from Contracts with CLO2 50% of the

Customers students got a
6 hours Synchronous virtual rating of ≥ 2.5 on
1 Five-Steps Model meeting(45 minutes) a 5-point scale.
Framework Asynchronous:
Assignment Canvas
2 Other Revenue Recognition
Issues Asynchronous: (Discussion
notes, Downloadable pdf file,
2.1 Right of return YouTube tutorials)

2.2 Principal-agent

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 JOSE RIZAL UNIVERSITY
College of Business Administration and Accountancy
Accountancy Department
relationships

2.3 Non-refundable upfront

fees

2.4 Licensing / Royalties 4.

2.5 Repurchase arrangements

2.6 Gift Cards

2.7 Installment Sales (Not

included in TOS for board
examination)

Week 8 CLO2 Synchronous virtual meeting 50% of the

students got a
6 hours Long Term Construction (45 minutes) Asynchronous: rating of ≥ 2.5 on
Contracts Assignment Canvas a 5-point scale.

Asynchronous: (Discussion
notes, Downloadable pdf file,
YouTube tutorials)
Week 9 Franchise and Consignment CLO1 Synchronous virtual meeting 50% of the
Accounting students got a
6 hours (45 minutes) Asynchronous: rating of ≥ 2.5
Assignment Canvas

Summative test
Asynchronous: (Discussion
notes, Downloadable pdf file, (WW1)
YouTube tutorials)
Week 10 Accounting for Agency, Home CLO2 Synchronous virtual meeting 50% of the
Office & Branch students got a
6 hours (45 minutes) Asynchronous: rating of ≥ 2.5 on
Assignment Canvas a 5-point scale.

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 JOSE RIZAL UNIVERSITY
College of Business Administration and Accountancy
Accountancy Department
Asynchronous: (Discussion
notes, Downloadable pdf file,
YouTube tutorials)
Week 11 Home Office & Branch-Special CLO3 Synchronous virtual meeting 50% of the
Problems. studentsgot a
6 hours (45 minutes) Asynchronous: rating of ≥ 2.5 on
Working Papers for Combined Assignment Canvas a 5-point scale.
Financial Statements for Home
Office & Branch Summative test 50% of the
CLO1 Asynchronous: (Discussion
students got a
notes, Downloadable pdf file, (WW2)
rating of ≥ 2.5
YouTube tutorials)

Week 12 50% of the

students got a
6 hours CLO1 MIDTERM EXAMINATION rating of ≥ 2.5

Week 13 Accounting for Business CLO2 Synchronous virtual meeting 50% of the
Combinations – Principles and students got a
6 hours Procedures (45 minutes) Asynchronous: rating of ≥ 2.5 on
Assignment a 5-point scale.
Canvas

Asynchronous: (Discussion
notes, Downloadable pdf file,
YouTube tutorials)
Week 14 Consolidated Financial CLO2 Synchronous virtual meeting 50% of the
Statements at the Date of students got a
6 hours Acquisition (45 minutes) Asynchronous: rating of ≥ 2.5 on
Assignment a 5-point scale.
Canvas

Asynchronous: (Discussion
notes, Downloadable pdf file,
YouTube tutorials)
Week 15 Consolidated Financial CLO1
Statements After the Date of
6 hours Acquisition Synchronous virtual meeting Asynchronous: 50% of the

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 JOSE RIZAL UNIVERSITY
College of Business Administration and Accountancy
Accountancy Department
(45 minutes) Assignment students got a
Canvas rating of ≥ 2.5

Asynchronous: (Discussion Summative test

notes, Downloadable pdf file,
YouTube tutorials) (WW1)

Week 16 Consolidation Under the Equity CLO2 Synchronous virtual meeting 50% of the
Method students got a
6 hours (45 minutes) Asynchronous: rating of ≥ 2.5 on
Assignment a 5-point scale.
Canvas

Asynchronous: (Discussion
notes, Downloadable pdf file,
YouTube tutorials)
Week 17 Accounting Treatment of the Excess CLO3 Synchronous virtual meeting 50%of the
of Cost Over Book Value- students got a
6 hours Downstream & Upstream (45 minutes) Asynchronous: rating of ≥ 2.5 on
Transactions Assignment a 5-point scale.
Canvas
50%of the
CLO1 Asynchronous: (Discussion Summative test students got a
notes, Downloadable pdf file,
rating of ≥ 2.5 .
YouTube tutorials) (WW2)

Week 18 CLO1 50%of the

students got a
FINAL EXAMINATION rating of ≥ 2.5 .

Course Requirements: Summative Tests,WrittenCase Analysis, Major Exams

Grading System:

GRADE COMPONENT

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 JOSE RIZAL UNIVERSITY
College of Business Administration and Accountancy
Accountancy Department
30 Class 70 40 CLO1- 20
PRELIM Written Works
% standing % % WW1 %
Summative Test / Quizzes
MIDTER 30 CLO1- 20
M % WW2 %
40 Performance 20 Assignment/Recitation/ 20
FINAL CLO2-PT
% Tasks % Group Presentation %
10
Product Term Paper/Case 10
% CLO3-P
study/Portfolio %

30 CLO1- 30
Major Exam Major Exam 30% Major Exam
% EXAM %

Textbook Adopted: Dayag, Antonio J., Advanced Financial Accounting, Lajara Publishing House c2021

References: 1. Guerrero, Pedro P. Advanced Accounting v.1 c2017 Call#657.046.G937 2017 v.1
2. Guerrero, Pedro P. Advanced Accounting v.2 c2017 Call#657.046.G937 2017 v.2
3. Punzalan, Angelito R., Advanced Financial Accounting & Reporting c2018 Call#657.046.P984 2018
4. Beams, Floyd A. Advanced Accounting, Pearson, c2018 Call#657.046.B366 2018
5. Milan, Zeus Vernon B., Accounting for Business Combinations (Advanced Accounting 2), Bandolin Enterprise, c2018
Call#657.046.M645 2018 (v.2)
6. Milan, Zeus Vernon B., Accounting for Business Combinations (Advanced Accounting 1), Bandolin Enterprise, c2018
Call#657.046.M645 2018 (v.1)

Prepared by: Recommending Approval: Approved by: Date of Effectivity:

ROMEL CAYABYAB

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 JOSE RIZAL UNIVERSITY
College of Business Administration and Accountancy
Accountancy Department
FERDINAND GUTIERREZ DAISY A. DELA CRUZ ALLAN GALVEZ August, 2022
Faculty Members Department Chair Dean

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