De La Salle University

COLLEGE : RVR-COB DEPARTMENT Accountancy

COURSE CODE : MODADV1 CREDIT : Three (3) units
PRE-REQUISITES : MODFIN1-4 & TYPE OF COURSE : Major Subject
MODCOS1-2
PRE-REQUISITE : MODADV2 ROOM :
TO
FACULTY : CLASS DAYS AND
CLASS TIME :
CONTACT : CONSULTATION
INFORMATION TIME :

COURSE DESCRIPTION
This course (MODADV1 or Advanced Financial Accounting and Reporting Part 1) deals with
specialized accounting problems likely to be encountered by accountants. The study of the various
topics in this course is based upon fundamental valuation accounting and accounting theory as
applied to special income and expense recognition methods and expanded business operations.

LEARNING OUTCOMES (LO):

UNIVERSITY
EXPECTED LASALLIAN
GRADUATE ATTRIBUTES (ELGA)
Critical and creative thinker
Effective communicator
Reflective life-long learner
LEARNING OUTCOMES
On completion of the course, the student is expected to be
able to do the following:
LO1: Solve accounting problems related to advanced
accounting using various techniques.
LO2: Prepare individual critique paper which reflects
application of this course and accounting standards.

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 REQUIRED OUTPUTS DUE DATE

LO1: Solve accounting problems related At least fifteen solved accounting Days 1 to 11
to advanced accounting using various problems per unit.
techniques.

LO2: Prepare critique paper which reflects One written individual critique paper. Day after
application of this course and accounting comprehensive
standard. examination
date
RUBRIC FOR ASSESSMENT:
Solved Problems
CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(100) (90) (80) (70)
Completeness The student solves all The student The student The student
[80%] accounting problems solves all of the solves majority does not solve
assigned and accounting but not all of the majority of the
presents all solutions problems accounting accounting
in good accounting assigned. problems problems
form. assigned. assigned.
Neatness and The student solves The student The student The student

MODADV1 SYLLABUS Page 1 of 6

Orderliness accounting problems solves somewhat solves does not solve
[20%] in an orderly manner, accounting accounting accounting
corrects errors, problems in an problems in an problems in an
properly, labels all orderly manner orderly manner orderly manner
solutions, makes and corrects and corrects and corrects
handwriting legible, errors properly. errors somewhat errors
uses ruler, and improperly. improperly.
preserves the
neatness of the
notebook.
TOTAL:

Written Critique Paper

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
(100) (90) (80) (70)
Content The student applies The student The student The student
(ApplicatiOn MODADV1 topics applies applies applies
of appropriately and MODADV1 MODADV1 topics MODADV1 topics
MODADV1) incorporates all topics somewhat inappropriately
[80%] accounting standards appropriately inappropriately and does not
related to the critique and includes a and includes include any
paper. few accounting some accounting accounting
standards in the standards in the standard in the
paper. paper. paper.
Format and The student follows The student The student The student
Use of the format and has follows the follows the does not follow
English not one spelling/ format and uses format but uses format and uses
Language grammatical error in only the English a mixture of a mixture of
[20%] the paper. language in the Filipino and Filipino and
paper which is English language English language
at an in the paper in the paper
acceptable and/or uses the and/or uses the
level. English language English language
somewhat inappropriately.
inappropriately.
TOTAL:

OTHER REQUIREMENTS AND ASSESSMENTS:

Aside from the final output, the student will be assessed at other times during the term by the
following:
Quizzes
Comprehensive examination
Class participation/recitation
Completeness and neatness of submitted works
Punctuality and promptness in submitting works
Good manners and right conduct

MODADV1 SYLLABUS Page 2 of 6

GRADING SYSTEM:
The percentage equivalent shall be arrived at as follows:

GRADE POINT DESCRIPTION PERCENTAGE

4.0 Excellent 97-100

3.5 Superior 94-96
3.0 Very Good 91-93
2.5 Good 87-90
2.0 Satisfactory 83-86
1.5 Fair 77-82
1.0 Pass 70-76
0.0 Fail Below 70

The student will be graded according to the following:

BASIS FINAL
GRADE
Departmental Comprehensive Examination 30%
Average Quizzes ( at least three) 50%
Compilation of assignments 10%
Critique Paper 5%
Class Standing (class participation, completeness and neatness 5%
of submitted works, punctuality and promptness in submission
of works, good manners and right conduct)
Total 100%

LEARNING PLAN:
LEARNING TOPICS DAY NO. OF LEARNING
OUTCOMES NO. HOURS ACTIVITIES
Orientation 1 0.5
UNIT 1: ACCOUNTING FOR A PARTNERSHIP
Solve 1.1 Review of nature, 1-2 7.5 Read:
accounting characteristics, kinds of Advanced
problems partnership, and kinds of Accounting by
related to partners. Guerrero
advanced 1.2 Formation of partnership (Ch 1 to 5)
accounting 1.3 Division of Profits
using 1.4 Admission of a new partner
various 1.4.1 By purchase Advanced
techniques 1.4.2 By investment Accounting by
1.5 Partnership Liquidation Millan
1.5.1 Liquidation by totals or (Ch 39)
lump-sum liquidation
1.5.2 Liquidation by Solve:
installment with supporting CE from Hand-
schedules outs
1.5.2.1 Schedule of safe
payments
1.5.2.2 Cash priority
program method
1.5.2.3 Preparation of the
Statement of Partnership
Liquidation

MODADV1 SYLLABUS Page 3 of 6

 LEARNING TOPICS DAY NO. OF LEARNING
OUTCOMES NO. HOURS ACTIVITIES
UNIT II: CORPORATE LIQUIDATION
Solve 2.1 Preparation of Statement of 3-4 6 Read:
accounting Affairs Advanced
problems 2.2 Reorganization and Troubled Accounting by
related to Debt Restructuring Guerrero (Ch
advanced 6)
accounting
using
various Advanced
techniques Accounting by
Millan
(Ch 51)

Solve:
CE from Hand-
outs

QUIZ 1 2
UNIT III: INSTALLMENT SALE
Solve 3.1 Nature, characteristics and Read:
accounting methods of accounting for 4-5 6 IAS 18
problems installment sales
related to 3.2 Income statement and Advanced
advanced balance sheet presentation Accounting by
accounting Guerrero (Ch
using 9)
various
techniques Advanced
Accounting by
Millan
(Ch 43)

Solve:
CE from Hand-
outs

UNIT IV: LONG-TERM CONSTRUCTION CONTRACTS

Solve 4.1 Percentage of completion 6-8 5 Read:
accounting method
problems 4.1.1 Input measures IAS 11
related to 4.1.2 Output measures
advanced 4.2 Cost recovery method Advanced
accounting 4.3 Journalizing transactions Accounting by
using related with long-term Guerrero
various construction (Ch 10)
techniques 4.4 Income statement and
balance sheet presentation Advanced
Accounting by
Millan
(Ch 41)

Solve:

MODADV1 SYLLABUS Page 4 of 6

 CE from Hand-
outs

QUIZ 2 2
UNIT V: FRANCHISE ACCOUNTING
Solve 5.1 Methods of Accounting for 9-10 3 Read:
accounting Franchise IAS 11
problems 5.2 Accounting for initial and
related to continuing franchise fees Advanced
advanced 5.3 Journalizing transactions Accounting by
accounting related with franchise. Guerrero
using (Ch 11)
various
techniques Advanced
Accounting by
Millan
(Ch 42)

Solve:

CE from Hand-
outs

UNIT VI: INTERESTS IN JOINT ARRANGEMENTS

Solve 6.1 Forms of Joint Arrangement 10 3 Read:
accounting IAS 31/ IFRS 11
problems 6.2 Financial Statement
related to presentation Advanced
advanced Accounting by
accounting Guerrero
using (Ch 6)
various
techniques Advanced
Accounting by
Millan
(Ch 40)

2
QUIZ 3
UNIT VI: INTERESTS IN JOINT ARRANGEMENTS
7.1 Accounting procedures for 11 2 Read:
consignor Advanced
7.2 Accounting procedures for Accounting by
consignor Guerrero

Advanced
Accounting by
Millan (Ch. 39)
COMPREHENSIVE EXAM 12 3.0

TOTAL HOURS 42.0

MODADV1 SYLLABUS Page 5 of 6

REFERENCES:
Beams, F. et. al. (2013). Advanced Accounting, 11th Edition. Prentice Hall, Inc.
Guerrero, P.P. and J.F. Peralta (2013). Advanced Accounting, Volume 1: A Procedural Approach.
GIC Enterprises & Co., Inc.
Hoyle, J.B. et al. (2010). Advanced Accounting, 6th Edition. McGrawHill.
Larsen, E.J. (2009). Modern Advanced Accounting. McGraw-Hill.
Mejorada, N.D. (2009). Advanced Accounting Part I. JMC Press, Inc.
Vicente, M.V.V. (2009). Advanced Accounting Volume 1. Mutual Books, Inc.
Millan, Z.V.B. (2015). Advanced Accounting Part 1. Bandolin Enterprise

ONLINE RESOURCES:
IAS website : www.iasplus.com
McGrawHill website: www.mcgrawhill.com

CLASS POLICIES:
POLICIES SPECIFIC TO THE COURSE:
o Only BSA students who had obtained a final grade of at least 2.0 in all sub-modules of
MODULE 1 are qualified to take this course.

o For BSA students, this course is a prerequisite to MODULE 3. Only students who had obtained
a final grade of at least 2.0 in this course may qualify for MODULE 3.

o The comprehensive examination is departmental, covers the entire course syllabus, and is
good for three (3) hours. This is held on the last day of the module, and includes a
combination of multiple choice theory and problem solving questions.

o Quizzes include previous topics given in the prior quiz/ quizzes.

o There is no midterm examination in this course.

o The topic for the critique paper would be given by the faculty member to the class at least
two meetings prior to submission deadline. The deadline of submission of the business case is
5pm of the day after the comprehensive examination for this course. Hard copy and Soft copy
should be submitted to the professor.

o It is the responsibility of the student to be mindful of his/her absences/tardiness and

performance in class.

o Specific class policies on attendance, make-up quizzes, academic honesty, grading system,
dress code, classroom management, and others not mentioned above, are to be discussed by
the faculty member on the first day of classes.

DEPARTMENT POLICIES:
o Please observe office hours and consultation hours/schedule of the faculty member.

o For student concerns regarding the BSA program or the course, please set an appointment
with the Department Vice Chair. For all other inquiries, please visit the Accountancy
Department. The Accountancy Department is located at St. La Salle Building, 3rd floor, Room
324. When inside the Department, students are expected to observe silence, and maintain
the cleanliness and orderliness of the room. Important announcements will be posted on the
Accountancy Department bulletin board, St. La Salle Building, 3rd floor, North Wing.

Advanced Accounting Committee

July 15

MODADV1 SYLLABUS Page 6 of 6