Republic of the Philippines

Bulacan State University

Bustos Campus

COURSE SYLLABUS
Partnership and Corporation
Second Semester, A.Y. 2023-2024

DEPARTMENT : College of Business Administration

PROGRAM : Bachelor of Science in Business Administration
TRACK/MAJOR : N/A
COURSE CODE : Acctg. 103
COURSE TITLE : Partnership and Corporation
COURSE CREDIT : 3 units
PRE-REQUISITE/S : N/A
FACULTY : HECTOR E. JULIANO
CONSULTATION HOURS: By appointment

COURSE DESCRIPTION:

This course covers the principles and theories involving the formation, dissolution,
liquidation, and accounting for partnership and corporation. It aims to provide the student
of a business course the practical knowledge essentials in an organizational structures
like partnership and corporation such as the accounting procedures in the valuation of
partners’ contributions, dissolutions of partnerships, components of shareholders equity
of a corporation and accounting for corporate dividends.

University Vision
Bulacan State University is a progressive knowledge-generating institution,
globally recognized for excellent instruction, pioneering research, and responsive
community engagements.

University Mission
Bulacan State University exists to produce highly competent, ethical, and service-
oriented professionals that contribute to the sustainable socioeconomic growth and
development of the nation.

Core Values: SOAR BulSU!

Service to God and Community

Order and Peace
Assurance of Quality and Accountability
Respect and Responsibility

The BulSU Ideal Graduates Attributes (BIG A) reflect the graduate’s capacity as:
a. highly and globally competent;

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 b. ethical and service-oriented citizen;
c. analytical and critical thinker; and
d. reflective life-long learner.

Program Educational Objectives (PEO)

University Mission
Program Educational Objectives (PEO) BIG A- BIG A- BIG A- BIG A-
a b c d
PEO1. To equip student’s competencies in
understanding the formation of partnership and
corporation and the accounting of related
✓ ✓
transactions involving thereof as a supplemental
knowledge and information in pursuing their
individual career.
PEO2. To develop the students’ understanding
on the theories and concepts relevant in studying
partnership and corporation which they can ✓ ✓
readily apply in their respective business
courses.
PEO3. Apply the proper decision tools to
critically, analytically, and creatively solve ✓ ✓
problems and drive results.
PEO4. To equip students in the recognition of
professional, social and ethical responsibility in
✓ ✓ ✓
the field of accountancy and business
administration.
PEO5. To inculcate in the minds of the students
the virtues of integrity, honesty, and other traits
and skills aiding in the development of good ✓ ✓ ✓
moral fiber becoming of a good professional and
citizen.

Program Outcomes (PO)

On completion of the course, the student is expected to be able to do the following:

Program Outcomes (PO) Program Educational Objectives

(CMO No. 25, Series of 2015) PEO1 PEO2 PEO3 PEO4 PEO5
a. Conduct self-assessment to determine
level of competencies in partnership and ✓ ✓
corporation.
b. Analyze the environment to determine
business opportunities from which the
✓ ✓
learnings acquired in partnership and
corporation can profitably be used.
c. Operate and manage the enterprise
observing good governance and social ✓ ✓
responsibility.
d. Apply the theories, concepts and
business practices acquired and are ✓ ✓ ✓
relevant in every business endeavors.
e. Prepare and comply with requirements
✓ ✓
for business operations.
f. Operate and manage the enterprise
✓ ✓ ✓
observing good governance and social

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 responsibility.

Course Outcomes and Relationship to Program Outcomes

Course Outcomes Program Outcomes
After completing this course, the student
a b c d e f
must be able to:

CO1. Differentiate accounting for I I I I I I

partnerships and corporations.

CO2. State the valuation of contributions

E E E E E E
of partners.

CO3. Account for the initial investments of

I I I I I I
the partners to the partnership.

CO4. State the peculiar accounts used in a

partnership and identify the transactions D D D D D D
that affect these accounts.
CO5. State the items that affect the
division of a partnership’s profits or losses E E E E E E
among the partners.
CO6. Compute for the share of a partner in
D D D D D D
the partnership’s profit or loss.
CO7. State the causes of partnership
I I I I I I
dissolution.
CO8. Account for the effects of
partnership dissolution on the partnership I I I I I I
equity.
CO9. State the order of priority in the
D D D D D D
settlement of claims in cases of liquidation.
CO10. State the components of
I I I I I I
shareholders’ equity.
CO11. Account for the initial issuances of
I I I I I I
shares of stocks.
CO12. Account for treasury shares. I I I I I I
Note: (I) Introductory Course to an Outcome (E) Enabling Course to an Outcome (D) Demonstrative
Course to an Outcome

LEARNING EPISODES:

Intended Learning Wee Learning Suggested

Topics
Outcomes (ILO) k Activities Assessment
Acquire a thorough
understanding of the Class Orientation Memorizing
University’s vision and VMGO of the University 1 and
mission, College goals and and the College analyzing the
objectives, and its Course Outline VMGO
importance to the course. Grading System
Class Policies

Define the meaning of Definition of Partnership Discussion Quizzes

partnership and and Corporation Recitation Activities

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corporation, characteristics, 2-3 Activities
advantages and Characteristics,
disadvantages of Advantages and
partnerships to other Disadvantages of
business organizations. Partnership

Recognize the F/S of Discussion Quizzes

Partnership and Financial statements of 4 Recitation Activities
Corporation Partnership and Activities
Corporation
Discussion Quizzes
Describe and illustrate how Valuation of contributions 5 Recitation Activities
contributions of partners of partners Activities
are valued

Identify partnership’s equity Discussion Quizzes

accounts and knows how to Partners ledger accounts Recitation Activities
determine transactions Journal entries 6- 7 Activities
affecting these accounts
Receivable and Payable
to a Partner

Discussion Quizzes
Understand Bonus and Partners’ investments 8-9 Recitation Activities
Salaries to Partners Bonus Method Activities

Cash settlement among

partners
Discussion Quizzes
Understand the effects to Effects to Equity accounts 10 Recitation Activities
partners’ equity on of of Partners during Activities
additional and withdrawal Additional and withdrawal
of investments of investments

Midterm Term
Midterm Examination 11 Examination Examination
Grade
Consultation

Compute the division of Discussion Quizzes

partnership’s profits and Recitation Activities
losses to partners after Salaries and Bonus of 12 Activities
salaries and/or bonus of Partner
partner
Identify the causes of Discussion Quizzes
partnerships’ dissolution Causes of dissolution 13 Recitation Activities
and its corresponding Activities
effects to partner’s equity Effects to equity account
Identify the priorities of 14 Discussion Quizzes
partnership in the Methods of liquidation Recitation Activities
settlement of claims in Liquidation transactions Activities
cases of liquidation
Determine the components Discussion Quizzes
of Corporation’s Shareholders’ equity 15 Recitation Activities
shareholders’ equity Activities

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Understand the methods in Discussion Quizzes
accounting for Memorandum method 16-17 Recitation Activities
shareholder’s equity Journal entry method Activities

Understand the classes of Share capital Discussion Quizzes

share capital and related Share premium Recitation Activities
transactions affecting Legal capital and treasury Activities
shareholders’ equity shares
Final Term
Final Examination 18 Examination Examination
Grade
Consultation

FINAL COURSE OUTPUT:

As a final output and in compliance of the requirement of the course, the student
shall submit a report of everything that he has learned from the course following a specific
format. The student shall ensure that content of the report shall consist of the cost
accounting topics that has been taken up during the semester and shall be applied
consistently using a manufacturing business set-up chosen by the student. The report
must be submitted one week before the schedule of the final exam.

RUBRIC FOR ASSESSMENT:

OTHER REQUIREMENTS AND ASSESSMENTS:

Aside from the final output, the student will be assessed at other times during the
term by the following:
• Regular Class Attendance / Work Ethics

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 • Activities and Laboratories
• Active Class Participation / Performance
• Submission of Projects and Assignments
• Passing Examinations
• Taking Certifications and Online Courses

GRADING SYSTEM:

Major Examinations (Midterm and Final Exam) 30%

Activities/Project 20%
Quizzes 20%
Recitation 20%
Attendance 10%
TOTAL 100%

Range Grade
97-100 1.00
94 – 96 1.25
91 – 93 1.50
88 – 90 1.75
85 – 87 2.00
82 – 84 2.25
79 – 81 2.50
76 – 78 2.75
75 3.00
74 and below 5.00

REFERENCES:

Partnership and Corporation by Zeus Vernon B. Millan

REQUIRED READINGS:

Partnership and Corporation by Zeus Vernon B. Millan

CLASS POLICIES:

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 1. The University rules and regulations will be observed.
2. Students are expected to be in attendance every meeting.
3. You are responsible for what you missed. No special
exams/activities/assignments. Assignment/requirement due dates must strictly be
followed. Late requirements will no longer be accepted.
4. Eighteen (18) hours allowable absences/tardiness. Exceeding before midterm is
UD (Unofficially Dropped); after midterm is 5.0.
5. Requirements must be submitted on time and instructions must be properly
complied.
6. Dishonesty in any form shall receive a “5”. All forms of academic dishonesty will
be treated severely and swiftly. The copying and submission of another’s work as
your own constitutes cheating and/or plagiarism.
7. Any form of copying or plagiarizing from past or current students’ project code or
report will result in disciplinary action. Students involve shall receive a “FAIL”
mark.
8. In case of illness, emergencies, etc., students are required to give an excuse letter
signed by their respective guardians. A valid ID must also be presented for
verification of the signature.

Prepared by:

HECTOR E. JULIANO

Evaluated by:

Laurence Espino / Joel Tomas

Program Chair

Ma. Antonette M. Tomas

Department Head

Erus Lumague
Curriculum Coordinator

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 Declaration
I have read and understood the above syllabus in full and in participating in this course I agree to the above
rules. I have a clear understanding of the policies and my responsibilities, and I have discussed everything
unclear to me with the instructor.

I will adhere to the academic integrity and policy and I will treat my fellow students and my teacher with
due respect.

I understand that this syllabus can be modified or overruled by announcements of the instructor in class
or on any social media site at any time.

______________________________________ ____________________ _______________

Student’s Printed name Signature Date

Student’s Copy

-------------------------------------------------------------Cut here---------------------------------------------------------------

Declaration

I have read and understood the above syllabus in full and in participating in this course I agree to the above
rules. I have a clear understanding of the policies and my responsibilities, and I have discussed everything
unclear to me with the instructor.

I will adhere to the academic integrity and policy and I will treat my fellow students and my teacher with
due respect.

I understand that this syllabus can be modified or overruled by announcements of the instructor in class
or on any social media site at any time.

______________________________________ ____________________ _______________

Student’s Printed name Signature Date

Instructor's Copy

Approved by:

DR. CIRIACO M. GARCIA, Ph.D.

Campus Dean

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