RAMON MAGSAYSAY MEMORIAL COLLEGES

College of Accountancy
General Santos City, Philippines
Document Type: Document No. : PM-DAP-03-03-142-
Uncontrolled Issue No. :
Revision No. : 00
001
Document Title: Effective Date : April, 2019
Syllabi Page 1 of 10

COURSE OUTLINE
in
ACCTG 26: INTERMEDIATE ACCOUNTING 3

VISION Ramon Magsaysay Memorial Colleges is an institution of innovative

development and excellence.

MISSION Ramon Magsaysay Memorial Colleges is committed to realize human

potentials through holistic education.

GOALS AND 1. Provide holistic academic programs aligned with industry needs and
OBJECTIVES standards.
2. Create, disseminate and utilize researches for the benefit of the
community.
3. Establish a highly visible community outreach program.
4. Collaborate with working networks, linkages and consortia.

CORE VALUES 1. Love of God

2. Integrity
3. Patriotism
4. Service
5. Excellence
INSTITUTIONAL 1. Critical and Creative thinker
GRADUATE 2. Effective Communicator
ATTRIBUTES 3. Reflective and Innovative Lifelong Learner
4. Patriotic and Service-Oriented Citizen
5. Proactive Leader

COURSE TITLE Intermediate Accounting III

COURSE It covers the culmination of the Intermediate Accounting cluster . It covers the
DESCRIPTION detailed discussion of the preparation of statement of financial position, income
statement , statement of comprehensive income, statement of changes in equity
and notes to financial statements . Emphasis is given on the interpretation and
application of theories of accounting in relation to single entry , cash and accrual
basis of accounting, error correction, accounting changes, non-current asset
held for sale, discontinued operation, interim financial reporting & segment
reporting.
Pre-requisites : ACCTG24
Units :3
Number of Hours per : 5 hrs
week
Lab Hours : none

Passing Grade : 83%

Examination : Unified Exam

Content /Coverage for Examinations
 PRELIM Statement of Comprehensive Income
Statement of Changes in Equity
Notes to Financial Statements
Related Parties
Events after reporting period
MIDTERM Interim Financial Reporting
Discontinued operation
Operating Segments
Accounting changes
FINAL Error Correction
Non-current
RUBRICasset held for sale
for REACTION PAPER
Grading Earnings per share - Diluted
Excellent Good EarningsFair Per Share Poor
Category Cash and Accrual / Single Entry
REFERENCE Valix
5 et. al. Intermediate4Accounting Vol. 3 3. (2021). Conanan Educational
1-2
Main Content Supply
The paper is clear Each paragraph People lacks No evidence
(50%) Millan,
and concise. Zeus
It has a Vernon. Intermediate accounting
has sufficient Vol.3. (2019).
details. Writing to support
Cabrerafact
clear thoughtful et. al. details.
Financial Accounting and
Minimal Reporting
unclear . SomeVol. points.
3 (2015).
Conanan
or argument to Educational
errors Supply errors. Includes
supports Robles
idea and, Patricia . Intermediate Accounting Vol.3(2016) .many Mandaluyong
errors.
City
topic including: Millenium Books Inc.
CLASS POLICIES personal Course Requirements:
experience
or learnings of the  Attendance
standards  Assignments, pretests, quizzes , unit tests, unit
Conclusion Conclusion is Conclusion
requirement , periodicThe examsconclusion Conclusion
(20%) engagingAttendance:
and restates the does not paragraph is
restates learning.  purpose.Students are required to attend the classnot
Minimal adequately present.
regularly and on
Organized and draw errors restates the
time. The maximum allowed number of absences is
facts together. purpose.
20% of the total meetings or hours for this subject.
Clarity (15%) Paper is well Paper is organized, Paper is not well Paper is not
organized, has a very  Coming to class
has an intro, bodyten minutes afterhas
organized, the time, the student
organized and will
clear intro, body and be andconsidered
conclusion.late for an
theunclear
period,intro,
whereas, fifteen (15)
incomplete.
conclusion. body and absent from the class.
minutes late will be considered
 Three (3) times late, either conclusion.
consecutive orNumerous
not, is
There are no There are few
equivalent to one (1) day absent. errors in
grammatical errors or grammatical errors grammar and
typos.  A or student
typos with accumulated There 19aredays
manyabsences
spelling will be
that
marked NCA (No Credit due to
grammatical Absences) and shall
interfere with gain
no credit in this course. errors and/or understanding
Online Class typos are present
References(15%) Done in APA format Students Done in with
correct
are required to attend No
Not in correct the reference
online class
with no errors. Has at regularlyformat . and
Has at format.
on time for any course updates page and
least three good least two goodvia OpenLMS
announcements Less than two
and ClassIn
references  Students references
are required to references
attend the video conferencing
through ClassIn or GoogleMeet as scheduled
 No special assessment is allowed for those students who
incurred unreasonable absences. To be considered
reasonable , the student must present medical certificate
for sickness and a letter from parent or guardian for any
special cases.
GRADING SYSTEM  Periodical grades will be based on the results of the
(please refer to Student assignments , quizzes, unit tests and major exams having
Handbook for complete weights as follows:
details) 1. Ten percent (10%) assignments, pretests and
exercises
2. Fifteen percent (20%) unit test and unit requirement
3. Twenty percent (20%) Quizzes
4. Fifty percent (50%) for major periodical examination
 Final grade shall be computed as follows :

(PG + MG + FG X 70 % ) + 30% (Comprehensive Test –

Departmental)
3

Examinations
Prelim Exam Midterm Exam Final Exam
Midterm topics Finals topics
Prelim Topics
Prepared by :

CYRA MAE M. LANESTOSA , CPA