Partnership and Corporation

Accounting (PARCOR260)
Orientation

Christine May J. Roncales, CPA, MBA

Faculty, CBA
OBJECTIVES

1.Course Overview
2.LMS Utilization
3.Video Conferencing Etiquettes
4.Important Reminders
5.Open Forum
 COURSE OVERVIEW: Course Description

 This course deals with transactions, financial statements, and problems

peculiar to the operations of partnerships and corporations as distinguished
from sole proprietorships.
 It includes partnership formation and operations including accounting for the
admission of partners, changes in capital, profit/loss sharing, liquidation of
partnerships; the conversion of an unincorporated enterprise into a
corporation; accounting for incorporated enterprises, including corporate
organizations, paid-in capital, accumulated earnings (loss), dividends,
treasury shares, book value per share and earnings per share.
 It also covers the preparation of financial statements for partnerships and
corporations.
Desired Learning Outcomes (DLO):
At the end of the semester, the students must have:
COURSE CONTENT:
TOPICS COVERED
 MIDTERM  FINALS
Review of the
Accounting Process
Partnership
Formation Corporation
Operations
Dissolution
Liquidation
 GRADING SCHEME:
PHASE One: January 18 – February 26
1. Class Standing (Facilitation activities, attendance, quizzes and assgns) 50%
2. Examination (Two major examinations – midterm (15%) and finals (15%) 30%
3. Projects (End term requirements) - Comprehensive exam 20%
100%
Class Schedule
CO1 – MWF 1:00-4:00pm
CO2 – MWF 9:00-12:00pm
CO3 – TThS 9:00-12:00pm

References:
Partnership and Corporation Accounting by Baysa and Lupisan
LMS UTILIZATION
 Used to plan, execute, and assess a specific
learning course.
 Full online implementation.
 Schoology (Materials, Quizzes, Exams)
 Messenger (Updates and Announcements
ONLY – 8:00AM-6:00PM)
 Video Conferencing Etiquettes
1. Be on time.
2. Ensure that the technology works correctly.
3. Use technology to fully engage remote participants.
4. Choose the proper software and hardware.
5. Wear school-appropriate clothing.
6. Look into the camera.
7. Minimize unnecessary noise.
8. Pay attention
9. No food allowed.
10. For virtual backgrounds, avoid using distracting images/videos.
 IMPORTANT REMINDERS!

 Come in class, ALWAYS PREPARED.

 HONESTY (esp. during quizzes, assignments,
seatwork, exams)
 RESPECT
 PATIENCE
 HELP
 UNDERSTANDING
OPEN FORUM

 QUESTIONS
 REACTIONS
 EXPECTATIONS
 SUGGESTIONS
 RECOMMENDATIONS
THANK YOU!