PHINMA Education

College of Management & Accountancy

COURSE SYLLABUS
I. Course Code ACC 108
II. Descriptive Title Intermediate Accounting 3
III. Credit Unit 3
IV. Time Allocation 54 hours
V. Pre-requisite ACC 103 – Conceptual Framework and Accounting Standards

VI. Course Description:

The course Intermediate Accounting 3 covers the non-financial and financial liabilities, income
tax, employee benefits, leases, provisions and contingencies. It covers understanding and
application of accounting standards relating to nature and composition of accounts, initial
recognition, measurement, and presentation in the financial statements.
This course equips the learners with a thorough understanding of the conceptual
framework and the recognition, measurement, and financial statement presentation of non-
financial and financial liabilities, income tax, employee benefits, leases, provisions and
contingencies. Learners are expected to analyze accounting transactions, prepare accounting
entries, summarize the effects of the transactions, and prepare and present the accounts in the
financial statements in conformity with the financial reporting framework, using mini-case studies.

VII. Course outcomes:

At the end of the course, the student will be able to:
1. Identify issues related to the conceptual framework for financial reporting and enumerate the
accounting standards related to liabilities.
2. Evaluate related financial and non-financial liabilities accounts as to measurement, valuation
and presentation in the financial statements and its related notes.
3. Appreciate the value of perseverance and honesty

VI. Course Outline

Main Topic Schedule

Orientation and Course Overview 1

Current Liabilities 2

3
Notes Payable
4

This document and the information thereon is the property of PHINMA University of
Pangasinan. 1
 P1 – QUIZ NO. 1 5

6
Bonds Payable & Other Concepts
7

P1 – QUIZ NO. 2 8

1ST PERIODIC EXAMINATION 9

Provision for Contingent Liabilities and Contingent 10

Assets

Employee Benefits (Part 1) 11

P2 – QUIZ NO.1 12

Employee Benefits (Part 2) 13

Employee Benefits (Part 3) 14

P2 – QUIZ NO.2 15

2ND PERIOD EXAMINATION 16

17

Leases 18

19

P3 -QUIZ NO. 1 20

21

Income Taxes 22

23

P3 -QUIZ NO. 2 24

3RD PERIODIC EXAMINATION 25

PHINMA FINAL COMPREHENSIVE EXAMINATION 26

This document and the information thereon is the property of PHINMA University of
Pangasinan. 2
Course Completed Portfolio with columnar notebook (for homework & seatwork-exercises)
Requireme
nts
Grading The Final Grade is computed as follows:
System 1st Period Grade 17% Periodical Grade: *Portfolio:
*Portfolio 20% columnar notebook/exercises/
2nd Period Grade 17 **Class Standing 40% **Class Standing:
Periodical Exam 40% Quizzes/written assessments
3rd Period Grade 16 TOTAL 100%

Final Comprehensive Examination 50

FINAL GRADE 100%
Grading Scale:
5.00 - 0 to 49.9; 3.00 - 50 to 55.5; 2.75 – 55.6 to 61.1; 2.50 – 61.2 to 66.7; 2.25 –
66.8 to 72.3;
2.00 – 72.4 to 77.9; 1.75 - 78.0 to 83.5; 1.50 – 83.6 to 89.1; 1.25 - 89.2 to 94.7; 1.00 –
94.8 to 100
Course 1. Students are required to attend all class sessions as listed on the school calendar.
Policy and Students will be dropped if he/she exceeds allowable number of absences. Allowable
Standards absences 20% of IN sessions.
2. Students are expected to attend class sessions on time.
3. Students must take all schedule and unscheduled examinations. No special
examinations will be given except for Periodical Examinations.
4. Assignments, plates, and project designs must be submitted on or before the
deadline/due date
5. Cheating will not be tolerated and will result to Failure grade.
6. Students are expected to consistently demonstrate professional behavior.
7. Students are required to follow the proper grooming standard and will be marked
absent for non-compliance.

Textbook Ma. Elenita B. Cabrera & Gilbert Anthony Cabrera-Corporate Governance, Business Ethics,
s/ Risk Management and Internal Control, 2019-2020 edition.
Referenc
es
Effectivity Date Prepared by: Consultation Schedule:
Prepared
February October
2021 2020 Friday, 8:00am-12:00nn
MARYGRACE V. VILLANUEVA, CMA Faculty Office
CPA,
mvvillanueva@up.phinma.edu.ph
09086043810

This document and the information thereon is the property of PHINMA University of
Pangasinan. 3
 Checked by: Approved by:

KIM MARK F. BIASON, CPA Dean, College of Management &

Program Head, Accountancy Accountancy
Department

This document and the information thereon is the property of PHINMA University of
Pangasinan. 4