ACYASR3 Syllabus T1-AY2023-2024

COLLEGE : RVRCOB DEPARTMENT : Accountancy
COURSE CODE : ACYASR3 COURSE TYPE : HYBRID

CLASS DAYS AND CLASS : October 23 to December 11, 2023
TIME : K31 (TF, 0730-1045 @ V201A)
K32 (TF, 1245-1600 @ V201C)
K33 (TF, 1800-2115 @ A707)
INSTRUCTOR NAME : K31 (Mr. Hector Pascual)
K32 (Mr. Hector Pascual)
K33 (Mr. Ernie Lat)
CONTACT INFORMATION : hector.pascual@dlsu.edu.ph; ernie.lat@dlsu.edu.ph
CONSULTATION SCHEDULE : to be announced in AnimoSpace
COURSE DESCRIPTION:
This course is part of the Auditing and Assurance module. It is simultaneously being taken up with ACYASR2. It covers
the detailed approaches on problems and situations ordinarily encountered in the execution of audit plan through
independent examination of accounts comprising the investing and financing cycles of the company. The accounts included
in investing cycle are Investments (including Hedging Instruments), Property, Plant, and Equipment, Investment Property,
Non-current Assets Held for Sale, Intangibles (including Impairment). The accounts included in financing cycle are Bonds
Payable, Leases and Equity Accounts (including Share-Based Payment). It deals specifically with the application of
auditing standards, techniques and procedures, the evaluation of internal control, the preparation of audit working papers
with computer application, and the preparation of audit adjustments pertaining to a manufacturing, trading, service, and
specialized industries.
LEARNING OUTCOME (LO):

UNIVERSITY EXPECTED LEARNING OUTCOMES (LO)
LASALLIAN GRADUATE
On the completion of the course, the student is expected to be able to:
ATTRIBUTERS (ELGA)
Critical and Creative Thinker LO1: Apply the knowledge of auditing (standards, techniques, procedures, and
internal controls) in the conduct of substantive tests of transactions,
balances, and presentation and disclosures.
Effective Communicator LO2: Prepare and present working papers in the audit of client’s financial
statements based on relevant auditing standards and principles.
Reflective lifelong learner LO3: Write reflection paper identifying interesting and relevant auditing and
assurance issue and providing valid, sensible, and logical introspection by
applying fundamental auditing, assurance, and related services standards and
principles.
COURSE OUTCOMES ASSESSMENT MATRIX:

Course Program Outcomes
Learning
GO1 GO2 GO3 GO4 GO5 GO6 GO7 GO8 GO9 GO10 GO11 GO12 GO13
Outcome
LO1 P P O P O O O P P O L L O
O = Not learned in course but opportunity to be learned in the future
L = Learned in the course
P = Practiced in course
To know more about the GOs, please refer on the link below:
https://drive.google.com/file/d/1tgG89zx0wRVsQMEs0YPLhD1xT2wJYCWM/view?usp=sharing
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FINAL COURSE OUTPUT:
As evidence of attaining the above learning outcomes, the student is required to do and submit the following during the
indicated dates of the term:
LEARNING OUTCOMES (LO): REQUIRED OUTPUTS DUE DATE
LO1: Apply the knowledge of auditing Collaborative and Individual Audit Working October 23 to
(standards, techniques, procedures, and Papers using Google Sheets and Google December 11, 2023
internal controls) in the conduct of Docs.
substantive tests of transactions, balances,
and presentation and disclosures.
LO2: Present working papers in the audit of Collaborative and Individual Audit Working October 23 to
client’s financial statements based on Papers using Google Sheets and Google December 11, 2023
relevant auditing standards and principles. Docs.
LO3: Write reflection paper identifying One research article (with time sheet) on December 9, 2023
interesting and relevant auditing and issues affecting audit practices of today.
assurance issue and providing valid,
sensible, and logical introspection by
applying fundamental auditing, assurance,
and related services standards and
principles.
ANIMOSPACE (Canvas):
It is the learning management system (LMS) to be used in the conduct of the online classes. To Learn more about it,
please click the following links:
 Passport to Canvas (public Canvas course) https://www.canvas.net/browse/cn-pd/courses/passport-to-canvas (Links
to an external site.)
 Animo Space 101: https://dlsu.instructure.com/courses/13772
RUBRIC FOR ASSESSMENT:

The rubrics that follow are intended for students to self-assess their outputs and deliverables before submission. The
same will be used by the instructor to mark these submissions.
Collaborative Audit Working Papers

CRITERIA EXCELLENT SATISFACTORY DEVELOPING BEGINNING RATING
(97-100) (80-96) (75-79) (70-74)
Completeness The group The group The group The group
(80%) accomplished all accomplished accomplished some accomplished a
the requirements. majority of the of the requirements. very minimal
requirements. portion of the
requirements.
Timeliness The group complied The group complied The group complied The group
(20%) with the with the with the complied the
requirement within requirement two (2) requirement five (5) requirement
the deadline. days after the days after the beyond five (5)
deadline. deadline. days after the
deadline.
RATING
Collaborative Course Notes

(97-100) (80-96) (75-79) (70-74)
Completeness The group The group The group The group
(80%) accomplished all accomplished accomplished some accomplished a
the requirements. majority of the of the requirements. very minimal
requirements. portion of the
requirements.
Timeliness The group The group complied The group complied The group
(20%) complied with the with the with the complied the
requirement within requirement two (2) requirement five (5) requirement
the deadline. days after the days after the beyond five (5)
deadline. deadline. days after the
deadline.
RATING
-2-
Individual Audit Research Article
(97-100) (80-96) (75-79) (70-74)
Quality of issues The student The student The student The student
identified identifies identifies somewhat identifies less identifies not
(40%) interesting and interesting and interesting but interesting and
relevant auditing relevant auditing somewhat relevant not relevant
and assurance and assurance auditing and auditing and
issues. issues. assurance issues. assurance issues.
Depth and The student The student The student The student
quality (60%) provides valid, provides somewhat provides somewhat provides non-
sensible and logical valid, sensible and valid, sensible and sensible reflection
reflection of issues logical reflection of logical reflection of of issues
identified, and issues identified, issues identified but identified.
provides valid, and provides some these are not
sensible, and valid, sensible and properly supported
logical arguments logical arguments or by valid, sensible
or supports. supports. and logical
arguments or
supports.
RATING
Individual Audit Working Papers (Solutions to Summative Assessments)

(97-100) (80-96) (75-79) (70-74)
Completeness The student The student The student The student failed
(100%) provided all provided most provided some provide solutions
solutions to solutions to solutions to to problems and
problems and cases. problems and cases. problems and cases. cases.
RATING
Peer Evaluation
(97-100) (80-96) (75-79) (70-74)
Quality of inputs The student is The student is able The student is able The student is not
provided able to provide to somewhat to somewhat able to provide
(60%) inputs that are provide inputs that provide inputs that inputs that are
conceptual and are conceptual and are conceptual and conceptual and
practical as a practical as a practical as a practical as a
response to the response to the response to the response to the
problems or cases problems or cases problems or cases problems or cases.
by showing all by showing all but are not
relevant relevant supporting necessarily
supporting calculations or supported by
calculations or proofs, and relating calculations or
proofs, and these solutions to proofs.
relating these the business world.
solutions to the
business world.
Teamwork and The student is The student is able The student is not The student is not
collaborative able to attend all to attend most able to attend most able to attend even
skills, including group meetings group meetings and group meetings but one group meeting.
attendance and and demonstrated somehow somehow
attitude being a team demonstrated being demonstrated being
(40%) player with a team player with a team player with
respect to attitude. respect to attitude. respect to attitude.
RATING
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OTHER REQUIREMENTS AND ASSESSMENTS:
Aside from the final outputs, the student will be assessed at other times during the term by the following:
 Quizzes and Comprehensive examination
 Class standing (attendance, active participation in the discussion forum, good manners and right conduct)
GRADING SYSTEM:
GRADE POINT DESCRIPTION PERCENTAGE

4.0 Excellent 97-100
3.5 Superior 93-96
3.0 Very Good 89-92
2.5 Good 85-88
2.0 Satisfactory 80-84
1.5 Fair 75-79
1.0 Pass 70-74
0.0 Fail Below 70
The percentage equivalent shall be arrived at as follows:

BASIS FINAL
GRADE
Formative Assessments:
Collaborative Audit Working Papers (Google Sheets) (3.75%) 15%
Collaborative Course Notes (Google Docs) (3.75%)
Individual Audit Research Article (3.75%)
Class Standing (3.75%)
Summative Assessments: 70%
Theories – Multiple Choice
Problems – Supply the Answer
Peer Evaluation 15%
Total 100%
Course grade requirement is at least 80%.
-4-
LEARNING PLAN:
DATE
WEEK TOPIC LEARNING ACTIVITIES MINUTES
IN-PERSON ONLINE
Read  Relevant standards 4.5 hour/s
and procedures. (via
Modules in
AnimoSpace)
Watch  Shared videos (via

ASYNCHRONOUS
Modules and Pages
October 23 to 28,
in AnimoSpace)
2023
Write  Collaborative course
notes (Google Docs)
 Collaborative Audit
1. AUDIT OF DEBT Working Papers
INVESTMENTS (Google Docs)
Discussion  Syllabus Overview 3.0 hour/s
Instructor-led  Relevant standards

individual and procedures..
activities
October 24, 2023
(Tuesday) Discussion  Prior knowledge
about (or experience
related to) the topic.
8  Relevant standards
and procedures.
 Scenario analysis
Modules in
AnimoSpace)

ASYNCHRONOUS
Modules and Pages
October 23 to 28,
in AnimoSpace)
2. AUDIT OF 2023
EQUITY
INVESTMENTS
notes (Google Docs)
Working Papers
(Google Docs)
Student-led group  Team Presentations 3.0 hour/s
activities (Google Slides)
SYNCHRONOUS
October 27, 2023
Discussion  Relevant standards
(Friday)
and procedures.
Read  Relevant standards 15 hour/s
Modules in
AnimoSpace)
 Shared videos (via

9 INDEPENDENT
LEARNING
ASYNCHRONOUS
October 30 to
Watch Modules and Pages
in AnimoSpace)
WEEK November 4, 2023
 Collaborative course
notes (Google Docs)
Write  Collaborative Audit
Working Papers
(Google Docs)
Modules in
AnimoSpace)

ASYNCHRONOUS
November 6 to 11,
in AnimoSpace)
2023
notes (Google Docs)
3. AUDIT OF
Write
PROPERTY,
PLANT AND
10 EQUIPMENT (A)
Working Papers
(Google Docs)

November 7, 2023 and procedures.
(Tuesday)
-5-
DATE
IN-PERSON ONLINE
Modules in
AnimoSpace)

ASYNCHRONOUS Modules and Pages
November 6 to 11, in AnimoSpace)
2023
AUDIT OF
PROPERTY,
notes (Google Docs)
10 PLANT AND
EQUIPMENT (B)
Working Papers
(Google Docs)
SYNCHRONOUS
November 10, 2023
(Friday)
and procedures.
Part 1 - THEORY 2.0 hour/s
Multiple Choice
Summative Questions – 20 questions
November 11, 2023 Assessment #1
(Saturday) (UNITS 1 & 2)
Part 2 - PROBLEMS
Supply the Answer – 15
questions
Modules in
AnimoSpace)
ASYNCHRONOUS  Shared videos (via

November 13 to 18, Watch Modules and Pages
4. AUDIT OF 2023 in AnimoSpace)
INVESTMENT
PROPERTY &  Collaborative course
NON-CURRENT notes (Google Docs)
ASSETS HELD Write  Collaborative Audit
FOR SALE Working Papers
(Google Docs)
November 14, 2023
(Tuesday) Discussion  Relevant standards
11 
and procedures.
Scenario analysis
Modules in
AnimoSpace)

ASYNCHRONOUS
Modules and Pages
November 13 to 18,
in AnimoSpace)
2023
5. AUDIT OF
INTANGIBLE
Write notes (Google Docs)
ASSETS
Working Papers
(Google Docs)
SYNCHRONOUS
November 17, 2023
(Friday)
and procedures.
Multiple Choice
November 18, 2023 Assessment #2
(Saturday) (UNITS 3 to 5)
Part 2 - PROBLEMS
questions
-6-
DATE
IN-PERSON ONLINE
Modules in
AnimoSpace)

ASYNCHRONOUS
November 20 to 25,
in AnimoSpace)
2023
6. AUDIT OF
BONDS  Collaborative course
PAYABLE notes (Google Docs)
Write  Collaborative Audit
Working Papers
(Google Docs)
November 21, 2023
(Tuesday)  Relevant standards
12 Discussion

and procedures.
Scenario analysis
Modules in
AnimoSpace)

ASYNCHRONOUS
Modules and Pages
November 20 to 25,
in AnimoSpace)
2023
7. AUDIT OF
LEASES Write  Collaborative course
(Books of the notes (Google Docs)
Lessee) Collaborative Audit
Working Papers
(Google Docs)
SYNCHRONOUS
November 24, 2023
(Friday)
and procedures.
Read  Relevant standards
Modules in
AnimoSpace)
8. AUDIT OF  Shared videos (via

ASYNCHRONOUS
LEASES Watch Modules and Pages 3.5 hour/s
November 27 to
(Books of the in AnimoSpace)
December 2, 2023
Lessor)
notes (Google Docs)
Write  Collaborative Audit
Working Papers
(Google Docs)
Student-led group  Team Presentations
November 28, 2023  Relevant standards 3.0 hour/s

(Tuesday) Discussion and procedures.
Read  Relevant standards

13 and procedures. (via
Modules in
AnimoSpace)

ASYNCHRONOUS Modules and Pages 3.5 hour/s
November 27 to in AnimoSpace)
December 2, 2023
notes (Google Docs)
9. AUDIT OF
SHAREHOLDERS  Collaborative Audit
’ EQUITY Working Papers
(Google Docs)
Student-led group  Team Presentations
Discussion  Relevant standards 3.0 hour/s

SYNCHRONOUS
and procedures
December 1, 2023
(Friday)
-7-
DATE
IN-PERSON ONLINE
Multiple Choice
December 2, 2023 Assessment #3
(Saturday) (UNITS 6 to 8)
Part 2 - PROBLEMS
questions
Multiple Choice
December 6, 2023 Assessment #4
(Wednesday) (Comprehensive)
Part 2 - PROBLEMS
14 Supply the Answer – 15
questions
 Collaborative 13.0 hour/s
Write Course Notes
ASYNCHRONOUS (Google Docs)
December 4 to 9,
2023  Individual
Reflection Paper
(PDF)
TOTAL HOURS 105
The fourth-hour activities related to the course include: (1) Video viewing; (2) Research/Group reflection paper
preparation; (3) Independent online learning/self-study sessions; (4) Problem solving and accounting exercises sessions;
and (5) Student-organized co-curricular activities
REFERENCES:
1. Tugas, F.C. & Bendo, M.V.B. (2020). Auditing and assurance services: theory and practice.
2. Arens, Alvin A., Elder, Randal J., Beasley, M S., & Hogan, Chris E. Auditing & assurance services. 16th Edition
(Global Edition), Pearson Education Limited.
3. Louwers, Timothy J., Ramsay, Robert J., Sinason, David H., Strawser, Jerry R., & Thibodeau, Jay C. Auditing
& assurance services. 4th Edition, McGraw-Hill/Irwin.
4. Whittington, O.R. et. al. (latest edition). Principles of Auditing & Other Assurance Services.
5. Eilifsen, A. et. al (latest edition). Auditing & Assurance Services.
6. Rittenberg, L. et. al. (latest edition). Auditing, Concepts for a Changing Environment
7. Ricchiute, D.N. (latest edition). Auditing and Assurance Services.
8. Cabrera, M.E.B (latest edition). Principles of Auditing and Other Assurance Services.
9. Philippine Standards on Quality Control (PSQC), Philippine Standards on Auditing (PSAs), Philippine Auditing
Practice Statements (PAPSs), Philippine Standards on Review Engagements (PSREs), Philippine Standards on
Assurance Engagements (PSAEs), and Philippine Standards on Related Services (PSRSs) issued by AASC
10. International Standards on Quality Control (ISQC), International Standards on Auditing (ISAs), International
Auditing Practice Statements (IAPSs), International Standards on Review Engagements (ISREs), International
Standards on Assurance Engagements (ISAEs), and International Standards on Related Services (ISRSs) issued
by IAASB
ONLINE RESOURCES:
1. http://www.aasc.org.ph/
2. https://www.ifac.org/
3. https://www.ifrs.org/
4. https://www.youtube.com/user/IFRSbox
5. https://www.picpa.com.ph/
COURSE SPECIFIC POLICIES:

 A total of 105 hours for a 3-unit course is the recommended work load of students.
 It is the responsibility of the student to be mindful of his/her absences/tardiness and performance in an online
class.
 This course is offered from Weeks 8 to 14 of the term, two days a week (MH or TF), 3 hours per day.
 Four (4) departmental summative assessments are required in this course.
 Instructions on how to submit assignment/activities and what kinds of documents will be accepted are included
when assignments/activities are set-up in AnimoSpace.
 Specific class policies on attendance, make-up quizzes, academic honesty, grading system, dress code, the use of
other electronic gadgets and eating during online synchronous learning activities, the minimum number of
postings per week in discussions thread and any standards for quality of participation, and others not mentioned
above, are to be discussed by the faculty member on the first day of online classes.
DEPARTMENT POLICIES:
 If there are conflicts in the final examination schedule, follow the University policies on order of priority.
 Please observe the virtual consultation hours/schedule of the faculty member.
 For all other inquiries, please email the Course Coordinator at kenneth.decastro@dlsu.edu.ph
-8-
NETIQUETTE
When posting on the discussion boards and chat rooms, it is important to understand how to interact with one another
online through netiquette. Your AnimoSpace Manual, which can be found in your AnimoSpace account, included
the netiquettes reiterated below:
 Treating other users with respect. Remember that you are talking with human beings behind the screen.
 Always using your professors’ proper title. Unless specifically invited, do not refer to them by first name.
 Reading all messages in a discussion thread before replying so as not to repeat someone else’s post without adding
something of your own to it
 Using clear and concise language with correct spelling and grammar
 Keeping discussion posts brief but thorough, on topic and within the scope of the course material
 Reviewing your posts before sending to ensure you are avoiding slang terms, texting abbreviations and caps lock
 Being open minded of other’s opinions even when they differ from your own
 Muting your microphone in a conference if it is not your time to talk in order to minimize background sound
 Sending private messages to individuals instead of flooding the public chat
TECHNOLOGY SUPPORT
If you need technical assistance at any time or to report a problem you can contact the Information Technology Service
Office at https://www.dlsu.edu.ph/offices/its/, ITS Help Desk @ the Manila Campus Room 305, Gokongwei Hall,
De La Salle University, 2401 Taft Avenue, 1004 Manila, Philippines. E-mail at itservices@dlsu.edu.ph
RVRCOB CODE OF ETHICS

As a business leader I recognize my role in society.
 My purpose is to lead people and manage resources to promote human development and the common good and
to create value that no single individual can create alone.
 My decisions affect the well-being of individuals inside and outside my enterprise, today and tomorrow.
Therefore, I promise that:

 I will manage with loyalty and care, and will not advance my personal interests at the expense of my enterprise
or society.
 I will promote socially useful products and services which serve human development, keeping in mind reasonable
access for the poor and underprivileged.
 I will understand and uphold, in letter and spirit, the laws and contracts governing my conduct and that of my
enterprise.
 I will refrain from corruption, unfair competition, or business practices harmful to society.
 I will respect the human rights and dignity of all people affected by my enterprise, and I will oppose discrimination
and exploitation.
 I will promote a humane and enabling work community within my organization.
 I will promote the just allocation of resources for all stakeholders of the company.
 I will respect the right of future generations to advance their standard of living and enjoy a healthy planet.
 I will report the performance and risks of my enterprise accurately and honestly.
 I will invest in developing myself and others, helping the management profession continue to advance and create
sustainable and inclusive prosperity.
 In exercising my professional duties according to these principles, I recognize that my behavior must set an
example of integrity, eliciting trust and esteem from those I serve. I will remain accountable to my peers and to
society for my actions and for upholding these standards.
Adapted from:
The Global Business Oath (http://theoathproject.org/?page_id=47 )
Vocation of the Business Leader (http://www.stthomas.edu/cathstudies/cst/VocationBusinessLead/)
COVENANT FOR SHARED PROSPERITY

We therefore pledge and commit to:
 Recruit, train and develop our employees and managers to be the best that they can be irrespective of gender,
alma mater, age, ethnicity and religion; provide just compensation and benefits; promote meritocracy and
encourage work-life harmony;
 Provide only quality products and services that are of continuing value to our customers;
 Treat our goods, service and funds providers fairly, ethically and with respect as we expect them to treat their
own workers in their supply chain the same way;
 Be actively involved in the communities where we operate in with particular attention to the needs of the
disadvantaged in those communities;
 Protect and preserve the environment for the benefit of current and future generations by employing environment
friendly technologies in all aspects of business operations; and
 Deliver reasonable and just returns to and fair treatment of our controlling and non-controlling shareholders.
*Adapted from:
Philippine Business Group's Covenant of Shared Prosperity (November 5, 2020)
-9-
Prepared by: Approved by:
Mr. Kenneth Michael A. De Castro Dr. Jerwin B. Tubay Dr. Emilina R. Sarreal
Faculty, Department of Accountancy OIC-Chair, Department of Accountancy Dean, RVR College of Business
Auditing and Assurance Committee

September 2023
- 10 -

ACYASR3 Syllabus T1-AY2023-2024

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COLLEGE : RVRCOB DEPARTMENT : Accountancy

COURSE CODE : ACYASR3 COURSE TYPE : HYBRID

LEARNING OUTCOME (LO):

COURSE OUTCOMES ASSESSMENT MATRIX:

RUBRIC FOR ASSESSMENT:

Collaborative Audit Working Papers

Collaborative Course Notes

Individual Audit Working Papers (Solutions to Summative Assessments)

GRADE POINT DESCRIPTION PERCENTAGE

The percentage equivalent shall be arrived at as follows:

Course grade requirement is at least 80%.

Watch  Shared videos (via

Instructor-led  Relevant standards

Watch  Shared videos (via

 Shared videos (via

 Shared videos (via

Discussion  Relevant standards

Watch  Shared videos (via

ASYNCHRONOUS  Shared videos (via

Watch  Shared videos (via

 Shared videos (via

Watch  Shared videos (via

8. AUDIT OF  Shared videos (via

November 28, 2023  Relevant standards 3.0 hour/s

Read  Relevant standards

Watch  Shared videos (via

Discussion  Relevant standards 3.0 hour/s

COURSE SPECIFIC POLICIES:

RVRCOB CODE OF ETHICS

Therefore, I promise that:

COVENANT FOR SHARED PROSPERITY

Auditing and Assurance Committee

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