PHINMA ARAULLO UNIVERSITY

COLLEGE OF MANAGEMENT AND ACCOUNTANCY

TABLE OF SPECIFICATIONS

ACC 103 - CONCEPTUAL FRAMEWORK

TOPICS Rate Total Item Item Type
Items Placement
Knowledge

Defining Accounting & Identifying Accounting Concepts and 5% 5

Principles
•       The Accountancy Profession 1-2 1

•       Branches of Accounting 3

•       Fundamental Concepts and Principles 4-5 1

State the basic purpose, authoritative status, and scope of the 10% 10
Conceptual Framework.
•       Objective of financial reporting 6

•       Primary users of financial statements 7-8

•        Qualitative characteristics of useful information 9-11

•        Elements of financial statements and their recognition 12-15

criteria
PAS 1 Presentation of Financial Statements 6% 6
•       General features of financial statement presentation 16-17

•       Components of a complete set of financial statements. 18-19

•       Acceptable methods of presenting items of income and 20

expenses.
•       Relationship of the notes with the other components of a 21
complete set of financial statements.
PAS 2 Inventories 2% 2
•        Define inventories 22

•       Measure inventories and apply the cost formulas 23

PAS 7 Statement of Cash Flows 4% 4

•       Describe the statement of cash flows 24

•       Differentiate between the following: (1) Operating activities, 25-26

(2) Investing activities, and (3) Financing activities.
•       State the classifications of the following in a statement of cash 27
flows: (a) dividends received, (b) dividends paid, (c) interest paid
PAS
and 8(d)Accounting Policies, Changes in Accounting Estimates and
interest received. 2% 2 28
Errors
•       Differentiate between the accounting treatments of the 29
following: change in accounting policy, change in accounting
PAS 10 Events
estimate, after the Reporting
and correction Perioderror
of prior period 1% 1
•       State the accounting requirements for events after the 30
reporting period
PAS 12 Income Taxes 3% 3
•       Understand the scope and the fundamental principle of PAS 31
12.
•       Interpret the terminology used in the accounting for current 32
and deferred taxes.
•       State the recognition, measurement and presentation of 33
current and deferred taxes.
PAS 16 and 23 Property, Plant and Equipment and Borrowing Costs 6% 6
•       State the recognition criteria, initial measurement, and 34-35
subsequent measurement of PPE.
•       Apply the principles of PAS 16 in basic computations of a PPE’s 36-37
cost, depreciation, carrying amount, and revaluation surplus as
       State 38
•well as thethe core
gain or principle
loss on itsunder PAS 23.
disposal.
•       Compute for borrowing costs that are eligible for 39
capitalization
PAS 19 and 26 Employee Benefits and Accounting and Reporting 3% 3
by Retirement Benefit Plans
Differentiate between a defined contribution plan and a defined 40
benefit plan.
 3% 3

State the accounting procedures for defined benefit plans. 41

Describe the accounting and reporting requirements of PAS 26. 42

PAS 20 Accounting for Government Grants and Disclosure of 1% 1

Government Assistance
•       Explain the recognition and measurement of government 43-44 1
grants
PAS 21 and 29 The Effects of Changes in Foreign Exchange 4% 4
Rates and Financial Reporting in Hyperinflationary Economies
•       Differentiate between the two ways of conducting foreign 45
activities.
•       State the initial and subsequent measurements of foreign 46
currency transactions.
•       Describe the procedures in translating financial statements 47
into a presentation currency.
•       State the core principle under PAS 29. 48
PAS 24 Related Party Disclosures 1% 1
Identify a related and not related party transaction. 49
PAS 27 and 28 Separate FS and Investments in Associates and Joint 5% 5
Ventures
•       Describe the applicability and measurement bases of PAS 27. 50
•       Define an investment in associate. 51
•       Describe the accounting requirements for investments in 52-53
associates and joint ventures.
PFRS 9, PAS 32 and PFRS 7 Financial Instruments, Financial 7% 7
Instruments Presentation and Financial Instruments Disclosures
•       State the classifications of financial assets and their initial and 54-55 1
subsequent measurements.
•       State the classifications of financial liabilities and their initial 56-58 1
and subsequent measurements.
•       State the two main categories of disclosures under PFRS 7. 59
•       State the types of risks required by PFRS 7 to be disclosed. 60 1

PAS 33 Earnings Per Share 2% 2

•       Explain how basic earnings per share is computed. 61
•       Explain how diluted earnings per share is computed. 62
PAS 34 Interim Financial Reporting 1% 1
State the scope and applicability of PAS 34 63
PAS 36 Impairment of Assets 2% 2
•       State the core principle of PAS 36. 64
•       Account for the impairment of individual assets and cash- 65
generating units.
PAS 37 Provisions, Contingent Liabilities and Contingent Assets 3% 3
•       State the recognition criteria for provisions. 66
•       Differentiate the accounting requirements for a provision, a 67
contingent liability and a contingent asset.
•       Describe the measurement of a provision. 68
PAS 38 Intangible Assets 2% 2
•       Define an intangible asset. 69 1

•       State the initial measurement of intangible assets that are (a) 70

externally acquired and (b) internally generated.
PAS 40 Investment Property 2% 2
•       Define an investment property. 71
•       State the initial and subsequent measurements of investment 72
property.
PAS 41 Agriculture 2% 2
•       Differentiate the following: biological assets, bearer plants, 73
agricultural produce and inventory.
•       State the initial and subsequent measurement of biological 74
assets and agricultural produce.
PFRS 1 First-time Adoption of Philippine Financial Reporting 3% 3
Standards
•       Describe who a “first-time adopter” is and what the “first 75 1
PFRS financial statements” are.
•       Describe the general requirements of PFRS 1. 76-77
PFRS 2 Share-based Payments 3% 3
•       Define a share-based payment transaction. 78-79 1
 3% 3

•       State the measurement basis for share-based payment 80 1

transactions with (a) non-employees and (b) employees.
PFRS 3 and 10 Business Combinations and Consolidated Financial 4% 4
Statements
•       Define a business combination. 81 1

•       Explain briefly the accounting requirements for a business 82

combination.
•       Make basic computations of goodwill. 83
•       Describe the consolidation procedures 84 1

PFRS 5 Non-current assets Held for Sale and Discontinued 2% 2

Operations
•       Describe the criteria for held for sale classification and the 85 1
initial and subsequent measurement of held for sale assets.
•       State the presentation requirements of a discontinued 86
operation.
PFRS 6 Exploration for and Evaluation of Mineral Resources 1% 1
•       Explain the accounting for exploration and evaluation 87
expenditures.
PFRS 11 Joint Arrangements 1% 1
•       Explain the two types of joint arrangements 88 1

PFRS 12 Disclosure of Interest in Other Entities 1% 1

•       State the types of investments that are within the scope of 89 1
PFRS 12.
PFRS 13 Fair Value Measurement 2% 2
•       Define fair value. 90 1

•       State the principles used in measuring fair value. 91 1

PFRS 14 Regulatory Deferral Accounts 1% 1
•       Describe the applicability of PFRS 14 92 1

PFRS 15 Revenue from Contracts with Customers 3% 3

•       State the five steps in the recognition of revenue. 93 1

•       Describe how the transaction price is allocated to the 94 1

performance obligations.
•       State the presentation of contracts with customers in the 95 1
statement of financial position.
PFRS 16 Leases 4% 4
•       Identify a lease. 96 1

•       Describe the general recognition and recognition exemption 97 1

relating to the accounting for leases by a lessee.
•       State the indicators of a finance lease. 98 1

•       Describe the accounting for finance leases and operating 99

leases by a lessor.
PFRS 17 Insurance Contracts 1% 1
•       State the scope and applicability of PFRS 17. 100 1

100 25
25.00%
NTANCY

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Understanding Application Analysis

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25 30 20
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 PHINMA ARAULLO UNIVERSITY
COLLEGE OF MANAGEMENT AND ACCOUNTANCY
TABLE OF SPECIFICATIONS
PEN Code: BAM 026
Subject: Law on Obligations and Contracts
Semester: 2nd semester
School Year: 2018­2019

Item Type
Item Understandi
Topics Weight Placement Knowledge ng Application
TITLE I - OBLIGATIONS - 50%
CHAPTER 1 General Provisions 10%
Definition of obligation and right 1 1
Real obligation 2 1
Personal obligation 3 1
Essential requisites of an obligation 4
Sources of obligation 5 1
Definition of contract and quasi-contract 6 1
Kinds of quasi-contract 7 1
Definition of delict and quasi-delict 8 1
Definition of negligence and proximate cause 9-10 1 1
CHAPTER 2 Nature and Effect of Obligations 20%
Definition of specific and generic thing 11 1
Diligence required in real obligation 12 1
Definition of delivery 13
Personal right vs. Real Right 14
Kinds of Fruits 15 1
Specific performance 16 1
Reciprocal obligation 17 1
Accessions vs. Accessories 18 1
Rights of the creditor in personal obligations 19 1
Instances where demand is not necessary 20
 Injury vs. damage vs. Damages & kinds of damages 21 1
Kinds of breach of the obligation 22
Fraud vs. Negligence 23 1
Culpa contractual vs. culpa aquiliana vs. culpa criminal 24-25 1 1
Definition & kinds of Delay 26 1
Definition of waiver 27 1
Definition of bad faith 28 1
Definition of fortuitous event 29 1
Definition of presumption 30 1
CHAPTER 3 Different Kinds of Obligations 10%
Pure and conditional obligations 31-33 1 1 1
Obligations with a period 34-35 1
Alternative obligation 36 1
Joint and solidary obligation 37 1
Divisible and indivisible obligation 38 1
Obligations with a penal clause 39-40 1 1
CHAPTER 4 Extinguishment of Obligations 10%
Payment or performance 41-42 1
Loss of the thing due 43-44 1
Condonation or remission of the debt 45-46 1
Confusion or merger of rights 47 1
Compensation 48 1
Novation 49-50 1
TITLE II CONTRACTS - 50%
CHAPTER 1 General Provisions 10%
Classification of contracts 51 1
Autonomy of contracts 52 1
Definition of nominate & innominate contracts 53 1
Purpose of mutuality principle 54 1
Relativity of contracts 55 1
Requisites of Stipulation pour autrui 56 1
Stages in the life of a contract 57 1
Effect of judicial approval of a contract 58
 Effects of perfection of contract 59 1
Effect of an unauthorized contract 60 1
CHAPTER 2 Essential Requisites of contracts 10%
General Provisions 61 1
Elements of a contract 62-64 1 1
Section 1 Consent 65-66 1 1
Section 2 Objects of contracts 67-68 1
Section 3 Cause of contracts 69-70 1 1
CHAPTER 3 Form of Contracts 5%
Form for validity of contract 71-72 2
Form for enforceability of contract 73
Form for convenience of contract 74 1
Definition of a pubic document 75 1
CHAPTER 4 Reformation of Instruments 3%
Definition of reformation 76 1
Interpretation vs. reformation 77 1
Instruments that cannot be reformed 78 1
CHAPTER 5 Interpretation of Contracts 5%
Definition of interpretation 79-80 1 1
Plain meaning rule 81
Four corners rule 82
Complementary contracts construed together principle 83 1
CHAPTER 6 Rescissible Contracts 5%
Definition of ward 84 1
Definition of Absentee 85 1
Defnition of insolvency 86 1
Mutual restitution explained 87 1
Prescriptive period for action for rescission 88
CHAPTER 7 Voidable contracts 4%
Void contract vs voidable contract 89 1
Vices of consent 90
Rescission vs Annulment 91 1
Effects of Ratification 92 1
CHAPTER 8 Unenforceable contracts 4%
Unenforceable & unauthorized contracts 93 1
Statute of frauds 94 1
Right of first refusal 95 1
Definition of parol evidence 96
CHAPTER 9 Void or Inexistent Contracts 4%
Rescissible contract vs, void contract 97 1
Void contract vs voidable contract 98 1
Action for annulment vs Action for declaration of nullity 99 1
Principle of in pari delicto 100
100% 15 15 50
15% 15% 50%
Analysis

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 PHINMA ARAULLO UNIVERSITY
COLLEGE OF MANAGEMENT AND ACCOUNTANCY
TABLE OF SPECIFICATIONS
PEN Code: BAM 040
Subject: Managerial Economics
Semester: 2nd semester
School Year: 2018-2019

Item
Topics Raw Total Items Placement

1.0 Fundamentals of Managerial Economics 7.14% 5

Effect of goals, constraints, incentives and market

1
rivalry on economic decisions

Economic versus accounting profits and costs 2

Porter's Five Forces Framework 3-4

Present value analysis to make decisions and value 5
assets
2.0 Market Forces: Demand and Supply 10.00% 7
Laws of Demand and Supply; Demand and Supply 6-7
Shifters

Consumer Surplus and Producer Surplus 8-10

Price determination in a competitive market and 11

market equilibrium

Impact of excise taxes, ad valorem taxes, price

floors and price ceilings on the functioning of a 12
market
3.0 Quantitative Demand Analysis 14.29% 10

Elasticities of demand as a quantitative tool to

forecast changes in revenue, prices, and / or units 13'-15
sold

Relationship between the elasticity of demand and 16

total revenues

Relationship between marginal revenue and the 17

own price elasticity of demand
 Determine elasticities from linear and log-linear 18-20
demand functions.
Regression analysis on estimating demand
functions, and interpreting the output of a 21-22
regression.

4.0 Theory of Individual Behavior 14.29% 10

Four basic properties of a consumer’s preference

ordering and their ramifications for a consumer’s 23
indifference curves

Changes in prices and income impact on individual’s 24-25

opportunities

Consumer’s equilibrium choice and changes in 26-27

response to changes in prices and income

Impact of a price change into substitution and 28-29

income effects

Impact of “buy one, get one-free” deals and gift 30-31

certificates on a consumer’s purchase decisions.

Effect of income-leisure choice framework in the

opportunities, incentives, and choices of workers 32
and managers

5.0 The Production Process and Costs 14.29% 10

Alternative ways of measuring the productivity of

inputs and the role of the manager in the 33
production process

Input demand and the cost-minimizing combination

of inputs and use of isoquant analysis to illustrate 34
optimal input substitution

Cost function from a production function and 35-36

difference of economic costs and accounting costs.

Difference and economic relevance of fixed costs, 37

sunk costs, variable costs, and marginal costs

Relationship between average and marginal costs. 38-39

 Short-run and long-run production decisions and 40
their impact on costs and economies of scale

Multiple-output production process and effect of

economies of scope or cost complementarities and 41-42
their significance for managerial decisions

6.0 Managing in Competitive, Monopolistic, and 14.29% 10

Monopolistically Competitive Markets

Conditions under which a firm operates as perfectly

competitive, monopolistically competitive, or a 43
monopoly

Sources of (and strategies for obtaining) monopoly 44

power.

Marginal principle's application to determine the 45

profit-maximizing price and output

Relationship between the elasticity of demand for a 46

firm’s product and its marginal revenue

Long-run adjustments impact on perfectly

competitive, monopoly, and monopolistically 47
competitive firms; ramifications of each of these
market structures on social welfare

Decisions of a firm making short-run losses to 48

continue to operate or shut down its operations

Relationship between marginal cost, a competitive

firm’s short-run supply curve, and the competitive 49-50
industry supply; reason why supply curves do not
exist for firms that have market power

Optimal output of a firm that operates two plants

and the optimal level of advertising for a firm that 51-52
enjoys market power
7.0 Basic Oligopoly Models 14.29% 10

Effect of beliefs and strategic interaction shape 53-54

optimal decisions in oligopoly environments.

Conditions under which a firm operates in a Sweezy,

Cournot, Stackelberg, or Bertrand oligopoly, and the 55-58
ramifications of each type of oligopoly for optimal
pricing decisions, and firm profits.

Application of reaction (or best-response) functions

to identify optimal decisions and likely competitor 59-61
responses in oligopoly settings.

Conditions for a contestable market, and the

ramifications for market power and the 62
sustainability of long-run profits.

8.0 Pricing Strategies for Firms with Market Power 7.14% 5

Simple elasticity-based markup formulas to

determine profit-maximizing prices in environments
where a business enjoys market power, including 63
monopoly, monopolistic competition, and Cournot
oligopoly.

Pricing strategies that permit firms to extract

additional surplus from consumers—including price
discrimination, two-part pricing, block pricing, and 64
commodity bundling—and explain the conditions
needed for each of these strategies to yield higher
profits than standard pricing.

Pricing strategies that enhance profits for special

cost and demand structures—such as peak-load
pricing, cross-subsidies, and transfer pricing—and 65-66
explain the conditions needed for each strategy to
work.
 How price-matching guarantees, brand loyalty
programs, and randomized pricing strategies can be 67
used to enhance profits in markets with intense
price competition.

9.0 A Manager’s Guide to Government in the 4.29% 3

Marketplace
Four sources of market failure. 68

Reason why market power reduces social welfare,

and two types of government policies aimed at 69
reducing deadweight loss.

Government policies in international markets, such

as quotas and tariffs, impact the prices and 70
quantities of domestic goods and services.

Total 100.00% 70
NIVERSITY
ND ACCOUNTANCY
ATIONS

Item Type / Level of Difficulty

Knowledge Understanding Application Analysis

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15.71% 14.29% 35.71% 34.29%