POLYTECHNIC UNIVERSITY OF THE PHILIPPINES
COLLEGE OF ACCOUNTANCY AND FINANCE
COURSE TITLE REGULATORY FRAMEWORK AND LEGAL ISSUES IN BUSINESS
COURSE CODE LAW 20033
CREDIT UNITS 3 UNITS
COURSE PREREQUISITE LAW 20023
COURSE DESCRIPTION This is a study of basic Laws on other business transactions.
Institutional Learning Outcomes
1. Creative and Critical Thinking
Graduates use their imaginative as well as a rational thinking ability to
life situations in order push boundaries, realize possibilities, and deepen
their interdisciplinary and general understanding of the world.
2. Effective Communication
Graduates are proficient in the four macro skills in communication
(reading, writing, listening, and speaking) and are able to use these skills
in solving problems, making decisions, and articulating thoughts when
engaging with people in various circumstances.
3. Strong Service Orientation
Graduates exemplify the potentialities of an efficient, well-rounded and
responsible professional deeply committed to service excellence.
4. Community Engagement
Graduates take an active role in the promotion and fulfillment of various
advocacies (educational, social and environmental) for the advancement
of community welfare.
5. Adeptness in the Responsible Use of Technology
Graduates demonstrate optimized use of digital learning abilities,
including technical and numerical skills.
6. Passion to Lifelong Learning
Graduates are enabled to perform and function in the society by taking
responsibility in their quest to know more about the world through
lifelong learning.
7. High Level of Leadership and Organizational Skills
Graduates are developed to become the best professionals in their
respective disciplines by manifesting the appropriate skills and
leaderships qualities.
8. Sense of Personal and Professional Ethics
Graduates show desirable attitudes and behavior either in their personal
and professional circumstances.
9. Sense of National and Global Responsiveness
Graduates’ deep sense of national compliments the need to live in a
global village where one’s culture and other people culture are respected.
DEPARTMENT OF ACCOUNTANCY
Program Outcomes Course Outcomes
BSA and BSMA graduates must demonstrate the ability to review, interpret, evaluate Upon successful completion of this course, the student will be able to
financial data and systems in compliance with established policies, procedures,
develop knowledge of the laws subject matter of the course and are
guidelines, agreements and/or legislation. They must be able to link data, knowledge,
expected to have a deeper understanding of the subject laws.
and insight together with different sources and disciplines to make informed decisions.
Consequently, students are expected to develop a rational thinking ability
BSA and BSMA graduates should possess active listening skills and the ability to in interpreting and/or applying the subject laws and that they are articulate
effectively communicate one’s point of view, both orally and in writing, at all in communicating the same.
organizational levels; be able to explain verbally and/or writing financial, statistical,
administrative matters/policies/procedures/regulatory matters/audit results at a level
appropriate to the audience and must be able to negotiate effectively.
BSA and BSMA graduates should develop an ability to work in groups, possess skills to
participate as member of a team or/and contribute to group effort; be able to teach
others new skills; be able to work to the satisfaction of the clients; negotiate and work
with diversity or work well with men and women from diverse backgrounds.
BSA and BSMA graduates must work with the highest standards of professionalism, to
attain higher level of performance and generally to meet the public interest, he must
conform to the ethical standards of the profession that include: Integrity, objectivity and
independence, professional competence and due care, confidentiality, professional
behavior, and moral values.
BSA and BSMA graduates should possess general knowledge in gaining and
understanding of the different cultures in the world and developing an international
objective thus, he must possess competency in English language, adaptability to foreign
business practices, level of trainability and good capabilities in dealing with foreign
partners.
BSA and BSMA graduates should not only be conversant with IT concepts for business
systems but sound knowledge on internal control in computer-based systems,
development standards and practices for business systems, management of the
adoption, implementation and use of IT, evaluation of computer business systems, and
managing the security information.
BSA and BSMA graduates should possess broad base of knowledge concerning macro-
environmental, economic and industry issues, business process structures, functions,
and practices. It includes knowledge in areas such as economics, quantitative models
and business statistics, organizational behavior, international business, ethics, and

Course Plan
Week Topic
1 Introduction of the subjects.
What laws are included for the subject:
1.PDIC Law;
2. Truth in Lending Act
3. Secrecy of Bank Deposits and
Unclaimed Balances;
4. AMLA Law;
5. Intellectual Property Law;
6.Data Privacy Act;
7. Electronic and E-Commerce Act; and
8. Ease of Doing Business and Efficient
Delivery of Government Services Law.
9. Labor Laws
10. SSS Law
2-3 PDIC LAW (R.A. 3591 AS AMENDED
BY R.A. 9302 [AUGUST 12, 2004] AND
R.A. 9576 [APRIL 29, 2009]).
TRUTH IN LENDING ACT (R. A. 3675)
4-5 SECRECY OF BANK DEPOSITS AND
UNCLAIMED BALANCES LAW (R.A.
1405).
corporate governance.
Learning Outcomes Methodology Resources Assessment
•The students will be apprised on the basic •On-line with advance copy of •Full text of applicable laws and its IRR (if
knowledge of the laws covered by the the outline/module/reading applicable).
subject/topics. material.
•Will have an overview of the laws covered •Visual presentations/materials if •Other textbooks on those laws if
by the subjects/topics and their application. available. available.
•Existing jurisprudence.
•Students will be apprised on the basics •On-line with advance copy of PDIC Law (R.A. 3591 as amended by R.A. •Summary of the topic
about PDIC: the outline/module/reading 9302 [August 12, 2004] and R.A. 9576 [April and feedback
•The insurable interest and the maximum material. 29, 2009]). reporting via online.
liability of the PDIC for each depositor. •Visual presentations/materials if •Reports per topic via
•They will have knowledge as to what kind available. Republic Act 3765 and its Implementing online.
of deposits are covered, the requirements of Rules and Regulations (IRR) •Administer a short or
claims, and the sanctions against unsafe long quizzes and
and unsound banking practices. examinations
•Students will have knowledge as to the
information they ought to know before
taking out credits. Full disclosure of cost is
necessary to whom credit is extended.
•Students will be apprised on the basics of •On-line with advance copy of Secrecy of Bank Deposits and Unclaimed •Summary of the topic
Secrecy of Bank Deposits; the outline/module/reading Balances Law (R.A. 1405). and feedback
•Unclaimed Balances particularly as to what material. reporting via online.
kind of deposits are covered; •Visual presentations/materials if •Reports per topic via
•What are the instances however when these available. online.
deposits may be inquired into; and •Administer a short or
•The basic understanding of unclaimed long quizzes and
balances, and where these unclaimed examinations
balances go.
 6-7 AMLA LAW (R.A. 9160 AS AMENDED •The students are apprised of the basics of •On-line with advance copy of AMLA Law (R.A. 9160 as amended by •Summary of the topic
BY R.A.10365). the AMLA. the outline/module/reading R.A.10365). and feedback
•The definition of terms. material. reporting via online.
•What are the unlawful activities. •Visual presentations/materials if •Reports per topic via
•The coverage of the law. available. online.
•What are the suspicious transactions. •Administer a short or
•What are the money laundering offenses. long quizzes and
•The need to comply with the record or examinations
reportorial requirements.
•The power of the Council.
•The penal provisions in case of violations.

8-9 INTELLECTUAL PROPERTY LAW •The students will be apprised of the basics • On-line with advance copy of Intellectual Property Law (R.A. 8293 as •Summary of the topic
(R.A. 8293 AS AMENDED). of the Intellectual Property Law particularly the outline/module/reading amended) and its IRR. and feedback
they will understand what is patent. material. reporting via online.
•What are the patentable inventions and • Visual presentations/materials if •Reports per topic via
which are not. available. online.
•They will know the meaning of trademarks, •Administer a short or
service marks, and trade names. long quizzes and
•When are trademarks, service marks, and examinations
trade names registrable.
•They will know what the meaning of
copyright is and how copyright is
protected.

MIDTERM DEPARTMENTAL EXAMINATION

10 - 12 DATA PRIVACY ACT (R.A. 10173). •The students will be apprised on the basics • On-line with advance copy of Data Privacy Act (R.A. 10173) and its IRR. •Summary of the topic
of the Data Privacy Act and its IRR. the outline/module/reading and feedback
•Particularly they will know the meaning of material. reporting via online.
processing of data, the limitations of • Visual presentations/materials if •Reports per topic via
collecting data, and how the data is available. online.
managed. •Administer a short or
•They will also know the rights of the data long quizzes and
subject, the powers of the Commission, and examinations
the penal provisions in case of violations.

13 - 14 ELECTRONIC COMMERCE ACT (R.A.
8792).
•General provisions.
•Legal recognition and communication
of electronic messages and documents.
•Electronic commerce in carriage of
goods.
•Students will be apprised of the basics on E- • On-line with advance copy of Electronic Commerce Act (R.A. 8792) and •Summary of the topic
Commerce Act. the outline/module/reading its IRR. and feedback
•Particularly in Electronic Carriage of Goods material. reporting via online.
and Electronic Transactions in Government. • Visual presentations/materials if Ease of doing business and efficient •Reports per topic via
•They will know the legal recognition and available. delivery of government services law (R.A. online.
communication of electronic messages and 11032) and its IRR. •Administer a short or
documents. long quizzes and
 electronic transactions in government. •They will know the electronic transactions examinations
in government.
EASE OF DOING BUSINESS AND •Students will be apprised of the streamline
EFFICIENT DELIVERY OF procedure for issuance of local business
GOVERNMENT SERVICES LAW (R.A. permits, licenses, or clearances.
11032). •They will know the provision on citizen’s
charter, coverage of the law, automatic
•Prior law: This essentially a revamped approval or extension of permits and
version of 2007’s R.A. 9485 or the Anti- licenses.
Red Tape Act of 2007. •They will also know the accountability of
•Definition of terms. heads of offices and agencies which now
•Coverage includes even those government offices
•Zero-Contact Policy located abroad.
•Citizen’s charter.
•Accessing government services and
automatic approval or extension of
permits and licenses.
•Streamline procedures for the issuance
of local business licenses, clearances,
and permits.
•Accountability of heads of offices and
agencies.

15-17 LABOR CODE OF THE PHILIPPINES •Students will know the minimum labor • On-line with advance copy of P.D. 442 and its Implementing Rules and •Summary of the topic
(P. D. 442) standards. the outline/module/reading Regulations (IRR) and feedback
A. Employer-Employee Relationship: •Students will understand that employees material. reporting via online.
Requisites: enjoy security of tenure and that they can • Visual presentations/materials if SSS Law (R. A. 8282) •Reports per topic via
B. Working Conditions and Rest Periods only be dismissed form service for just and available. online.
C. Weekly rest periods — authorized causes. •Administer a short or
D. Leaves long quizzes and
(1) Service Incentive Leave (SIL) examinations
(2) Solo Parents' Leave
(3) Maternity Leave - R. A. 11210
(4) Paternity Leave (R. A. 8187)
(5) Leaves under RA 9262
(6) Leaves under RA 9710
E. Security of tenure.
F. Regular and casual employment.
G. Termination by employee.

SSS LAW (R. A. 8282)

 FINAL DEPARTMENTAL EXAMINATION

Suggested Readings and References

 PDIC law (R.A. No. 3591, as amended)
 Maximum Deposit Insurance Coverage Act (R.A. No. 9576)
 AMLA (R.A. No. 9160, as amended and its IRR
 Intellectual Property Law (R.A. No. 8293 and its IRR
 The Data Privacy Act (R.A. No. 10173 and its IRR)
 The E-Commerce Act (R.A. No. 8792 and its IRR)
 Ease of Doing Business Act and Efficient Delivery of Government Services Law (R.A. No. 11032);
 An Act to Require the Disclosure of Finance Charges in Connection with Extensions of Credit (R.A. 3765)
 Labor Code of the Philippines (P.D. 442)
 SSS Law (R. A. 8282)

Course Grading System

ONLINE MODE OF LEARNING
Class Standing 70%
Quizzes 50%
Assignments and other activities 20%
Departmental examination 30%
Total 100%

Final Grade = (1st Grading Period + 2nd Grading Period)

2

Classroom Policy
The allowed number of absences for students enrolled in LAW 20033 with once-a-week meeting is four (4). Request for excused absences or waiver of absences must be presented upon reporting back to class.
Special examinations will be allowed only in special cases, such as prolonged illness. It is the responsibility of the student to monitor his/her own tardy incidents and absences that might accumulate leading to a
grade of “FA,” (Failed due to Absences). It is also his/her responsibility to consult with the teacher, chair or dean should his/her case be of special nature.

All BSA and BSMA students are expected to be academically honest. Cheating, lying and other forms of immoral and unethical behavior will not be tolerated. Any student found guilty of cheating in
examinations will (at a minimum) receive a grade of 5.0 in the said test.

Consultation Time
Subject to the availability of the subject teacher, student may approach the subject teacher for queries about his/her grade as well as other academic requirements for the subject.

Prepared by: Enhanced by: Reviewed by:

Atty. Richie I. Esponilla Noel A. Bergonia, MBA, CPA
Faculty Member Atty. Paul Ruiz Braga Chairperson, Department of Accountancy
Faculty Member

Marietta M. Doquenia, MBA, CPA

Chairperson, Department of Management Accounting
Atty. Edgardo A. Arandia
Faculty Member

Recommending Approval:

Dr. Julieta G. Fonte, CPA

Dean, College of Accountancy and Finance

Approved by:

Dr. Emanuel C. De Guzman

Vice President for Academic Affairs

Revised March 2021