MABALACAT CITY COLLEGE

INSTITUTE OF BUSINESS & COMPUTING EDUCATION

Bachelor of Science in Accountancy
Course Outline in BECORE 4 (Governance, Business Ethics, Risk Management and
Internal Control)

Course Description:

The course highlights decision-making approach to business ethics, good governance, risk
management, and assessment and review of internal controls by using case studies, lectures and
reflections. Learners will be able to apply and integrate concepts and theories and develop
sensitivity to values particularly Christian values involved in business decisions. Likewise, learners
shall apply an ethical decision-making process and evaluation and review of internal controls in
solving real-life cases. Good corporate governance, observation of business ethics and
implementation of risk management and strong internal controls are elements to self-regulation
that leads to good corporate citizenship.

Learning Outcomes:

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

1. Develop skills of high order so as to provide thorough knowledge and insight
into the corporate governance framework, best governance practices.
2. Develop skills of high order so as to provide thorough knowledge and insight
into the spectrum of risks faced by businesses.
3. Acquire knowledge of ethics in business and framework for corporate
sustainability reporting.
4. Adhere to sound principles of direction and management.
5. Implement best practices on corporate management.
6. Explain the basic principles and procedures systems of internal control.
7. Equip students with the knowledge of the key enterprise risk management
process such as risk assessment and risk responses, and knowledge of internal
control principles which are essential in providing a sound internal control
environment.
8. Name and understand the methods of control used in risk management.
9. Demonstrate the application of professional values and judgment through an
ethical framework that is in the best interests of society and the profession in
compliance with relevant professional codes, laws, and regulations.

Course outline:

Week Topics
UNIT 1: Corporate Governance
1 • Introduction to corporate governance
 2-3 • Corporate Governance Responsibilities and Accountabilities
• Securities and Exchange Commission (SEC) Code of Corporate governance
4 • SEC Code of Corporate Governance, continued
UNIT 2 BUSINESS ETHICS
5-6 • Introduction to Ethics
• Business Ethics
7-8 • Common Unethical practices of business establishments
• Ethical Dilemma
• Advocacy against corruption
• Initiatives to improve business ethics and reduce corruption
MIDTERM EXAMINATION – October 30 – November 4, 2023
Unit 3: Introduction to Risk Management
10-11 • Basic principles of risk management
• Risk Management Framework
• Steps in Risks Management Process
12 • Practical Insights in Reducing and Managing Business Risks
Unit 4 INTERNAL CONTROL
13-14 • Internal Control: A vital tool in Managing risk
• Fraud and Error
15 • Errors and Irregularities in the transaction cycles of the business entity
16-17 • Internal Control Affecting
- Assets
- Liabilities and Equity
FINAL EXAMINATION – January 18-20, 2024

Textbook and Reading Requirements:

Governance, Business Ethics, Risk Management and Internal Control by Ma. Elenita Cabrera and
Gilbert Anthony B. Cabrera, 2019-2020 Edition, Published by GIC Enterprises

Corporate Governance Matters, D. Larcker and B. Tayan. 2016, 2nd Edition, Pearson.

Principles of Risk Management and Insurance. George E. Rejda, Michael J. McNamara. 12th
Edition, Pearson.

Online sources:
https://www.worldsupporter.org/en/chapter/66134-business-ethics-concepts-and-cases-van-
velasquez-manuel-7th-edition
https://searchcompliance.techtarget.com/definition/corporate-governance
https://insights.diligent.com/corporate-governance/the-role-of-the-board-of-directors-in-
corporate-governance
https://bizfluent.com/info-7863014-corporate-governance-issues-challenges.html
https://www.investopedia.com/ask/answers/040815/why-are-business-ethics-important.asp
https://corporatefinanceinstitute.com/resources/knowledge/strategy/risk-management/
http://www.freeonlinenotes.net/principles-of-internal-control/

Grading System

Classwork (Worksheets) 30%

Class Participation (Recitation and Participation in the Discussion Forum) 20%
Attendance 10%
Major Examination (Midterm and Finals) 40%
100%

Semestral Grade = (Midterm Grade + Finals Grade) / 2

GENERAL GUIDELINES AND POLICIES:

As the College currently follows Hybrid Delivery of Learning on its instruction, the following
general guidelines and policies are set by the School to be followed by the faculty-in-charge and
the students of the course.

• Attendance
Checking of attendance during face-to-face classes is a requirement and will be strictly
observed.

• Academic Integrity
Observance of the outmost academic integrity shall be observed by the students of the course.
Plagiarism, cheating, and other forms of academic dishonesty shall not be tolerated by the
faculty-in-charge or the Institute.
• Accomplishment of Requirements
All requirements given by the instructor/faculty-in-charge of the course to the students
shall be referred to as “work output”. Each work output must be accomplished by the students
until the schedule set by the instructor/faculty-in-charge. Final student’s output must also be
accomplished by the schedule set by the instructor of the course.

• Line of Communication
The course’s official line of communication shall be through the following:

MCC Contact Number: 0928 503 9523

MCC Email Address: rebecca.lising@mcc.edu.ph
Messenger Account: https://www.facebook.com/rebecca.lising.311
MS Team account to be sent through FB group chat
 • The outmost respect and courtesy must be observed by students in communicating to
their instructor/faculty-in-charge of the course and to their classmates and vice versa.
Any form of disrespectful and discourteous way of communication shall not be tolerated
by the School.

• Instructional Materials (IMs)

Working students may avail of the modular type of teaching. MS Teams on-line platform
may be utilized by the instructor/faculty-in-charge of the course to the students – adapting the
flexible learning scheme.

Prepared by: Reviewed and Approved by:

Rebecca Q. Lising, MBA, MAEd Josephine C. Evangelista, Ph.D.

Instructor Dean-IBCE

CF:

Romeo D. Erese III, LPT, Ph.D.

AVP for Academic Affairs