De La Salle University – Dasmariñas

COLLEGE OF BUSINESS ADMINISTRATION

AND ACCOUNTANCY

ACCOUNTANCY DEPARTMENT

COURSE SYLLABUS

COURSE CODE : B-ACTG123

COURSE TITLE : Intermediate Accounting 1
COURSE TYPE : Lecture
COURSE CREDIT : Six (6) units
PRE-REQUISITES : B-ACTG112
CO-REQUISITES : None
INSTRUCTOR :
CONSULTATION :

COURSE DESCRIPTION
This course will give you a deeper appreciation and understanding of the complexity of
accounting as you are introduced to the International Financial Reporting Standards
(IFRS)/Philippine Financial Reporting Standards (PFRS). It will provide you with the detailed
discussion, appreciation and application of the accounting standards in relation to cash and cash
equivalents, loans and receivables, inventories, investments, property, plant and equipment, and
intangibles. A sound and adequate knowledge of the standard will equip you with the intellectual
skills needed to analyze and solve financial accounting problems. It will also expose you to problems
and situations that require interpersonal and communication skills which are vital in preparation to
your other financial-related subjects. The related internal control, ethical issues and management of
assets are also covered.

At the end of this course, you should have sufficient theoretical and practical knowledge about
accounting to apply concepts learned to almost any situation presented to you in a work environment.

COURSE LEARNING OUTCOMES

At the end of the course, students are expected to:
1. Apply critical thinking, communication skills and computer literacy by preparing and
presenting solutions in class.
2. Demonstrate acquired skills by recognizing, measuring, and presenting transactions
related to assets in the financial statements.
3. Construct disclosures by identifying the relevant information required by the
accounting standards to be presented as part of the financial statements.
4. Exhibit faith by interpreting, judging, and evaluating classroom realities in the light of
the Gospel.
5. Demonstrate the importance of ethics and Christian-like actions in accounting for
assets and emphasize the need for relevance, truthfulness, timeliness, integrity,
objectivity, and neutrality in the preparation of assets section of the statement of
financial position.
6. Recognize and realize the social responsibility of an accounting professional in the
computation and presentation of a fairly stated current assets section of the statement of
financial statement.

LEARNING PLAN
TEACHING-
HRS / ASSESSMENT
TOPIC LEARNING OUTCOME LEARNING
WEEK STRATEGY
ACTIVITY
1. Cash and cash 15  Reflect on the Bible
equivalents verse/Gospel reading
Discussion of how  Describe the nature and
concepts are applied composition of cash and
in actual practice cash equivalents
 Determine how Cash
and cash equivalents are
measured and
recognized in the
accounting records
 Identify approaches in
the management and
control of cash
(accounting for petty
cash fund and bank  Lecture
reconciliation/proof of  Discussion
cash) of how
 Present and disclose concepts are
Cash and cash applied in  Short Quiz
equivalents in the actual
 Recitation
financial statements practice
 Assignment
 Apply the concepts  Accounting
 Seatwork
related to cash and cash activity
 Long Test
equivalents to problems simulation
 Major Exam
and cases  Presentation
2. Receivables 21  Reflect on the Bible of sample
verse/Gospel reading problems and
 Describe the nature and solutions
composition and
classification of
receivables
 Determine how
Receivables in the form
of accounts, notes, loans
and others are measured
and recognized in the
accounting records
(Recognition, initial and
subsequent
measurement,
uncollectibility,
impairment and
derecognition)
  Discuss how receivable
financing ( Pledging,
assignment, factoring,
discounting) can aid in
raising working capital
 Identify approaches in
the management and
control of Receivables
 Present and disclose
Receivables in the
financial statements
 Apply the concepts
related to Receivables to
problems and cases
Main Task: Prelim Examination
3. Inventories 18  Reflect on the Bible  Lecture  Short Quiz
(PAS 2), verse/Gospel reading  Discussion  Recitation
including  Describe the nature and of how  Assignment
Biological composition, concepts are  Seatwork
Assets (PAS 41)
classification of applied in  Long Test
Inventories and actual  Major Exam
biological assets practice
 Determine how  Accounting
Inventories in the form activity
of raw materials and simulation
supplies, work-in-  Presentation
process, and finished of sample
goods are measured and problems and
recognized in the solutions
accounting records
(including estimation
techniques used for
Inventories)
 Identify approaches in
the management and
control of Inventories
(perpetual and periodic
methods, physical
count, etc.)
 Differentiate price
change and physical
change in relation to
Biological assets
 Present and disclose
Inventories and
Biological assets in the
financial statements
including other
inventory related issues
such as purchase
commitments
  Apply the concepts
related to Inventories
and Biological Assets
on problems and cases
4. Investments  Reflect on the Bible
(PFRS 7 & 9, verse/Gospel reading
including PAS  Differentiate financial
asset and financial  Lecture  Short Quiz
40)
liability  Discussion  Recitation
 Describe the nature and of how  Assignment
composition and concepts are  Seatwork
classification of applied in  Long Test
Investments actual  Major Exam
 Determine how practice
Investments are  Accounting
measured and activity
recognized in the simulation
accounting records  Presentation
(Recognition, initial and of sample
subsequent problems and
measurement, solutions
impairment and
derecognition)
 Present and disclose
Investments in the
financial statements
 Apply the concepts
related to Investments to
problems and cases

Main Task: Comprehensive Midterm Examination

 Reflect on the Bible
verse/Gospel reading
 Describe the nature and
5. Property, Plant  Lecture
composition and
and equipment  Discussion
classification of
of how
(PAS 16) and Property, plant and
concepts are
related standards equipment (PPE)
applied in 
borrowing cost  Determine how PPE are Short Quiz
actual
18 measured and  Recitation
(PAS 23), practice
recognized in the  Assignment
government  Accounting
accounting records  Seatwork
grant (PAS 20), activity
(Recognition, initial and  Long Test
simulation
assets held-for- subsequent  Final Output
measurement,  Presentation
sale (PFRS 5)
of sample
and Impairment depreciation,
impairment and problems and
(PAS 36) solutions
derecognition)
 Relate the concepts of
the other financial
reporting standards in
 relation to PPE
(Borrowing costs,
government grants,
assets-held-for-sale)
 Identify approaches in
the management and
control of PPE
 Present and disclose
PPE in the financial
statements
 Apply the concepts
related to PPE to
problems and cases

6. Intangibles  Reflect on the Bible

(PAS 38) verse/Gospel reading
 Describe the nature and
composition and
classification of
Intangibles
 Determine how
Intangibles are
measured and
recognized in the
accounting records
(Recognition, initial and
subsequent
measurement,
amortization,
impairment and
derecognition)
 Identify approaches in
the management and
control of Intangibles
 Present and disclose
Intangibles in the
financial statements
 Apply the concepts
related to intangibles to
problems and cases
Main Task: Comprehensive Final Examination
GRADING SYSTEM
CRITERIA Percentage
Major Exam 30%
Class Performance (Includes Activities done inside and outside the
classroom as it relates to this course: Recitation and board work (10%), 70%
Short Quizzes (30%) and Long quizzes (40%), Seatwork (15%).
Assignment (5%)
TOTAL 100%
Semestral grade = [(Midterm grade) + (Final term grade)/ 3
*Final Exam includes the final output

COURSE POLICIES
Class Attendance: A significant portion of your learning is dependent on your participation in, and
contribution to the classroom community. You are expected to be in class, turn in all work on time, and
significantly contribute to the classroom discussion. You may be absent only (due to sickness or extremely
unavoidable circumstances), for a maximum of 22 hours, inclusive of tardiness. All absences after that shall
mean excessive absences, which merits a grade of 0.00.
Assignments: Assignments will be due at the beginning of class unless otherwise indicated. Assignments
turned in after the due date will not be accepted. There is no provision for make up for any missed assignment.
Seatwork: No book, no seatwork policy is to be followed for the whole semester. There is no provision
for makeup for any missed seatwork.
Quizzes and Examinations: Make up quizzes are given for approved absences only. If you missed any
quiz, you should see me during my consultation hours on the day you report to our class to schedule the make-
up quiz. You will lose the chance to take the special quiz if you fail to take such as scheduled.
Short Quizzes: Short quizzes are to be administered at the start of classes (immediately after the Gospel
reading). It will usually be in the following format: True or False, Multiple Choice (Theory/Problem Solving),
Enumeration or Identification for a minimum of 10 points and a maximum of 20 points, covering immediate
past or the next lesson. There is no provision for missed short quiz. This requirement intends to discipline
you in two ways: one, ensuring that you come prepared for the class and two, practicing punctuality in
attendance.
Major Exams: There will be three Major Examinations which include a comprehensive Midterm and Final
Exams. You may take a special examination only if your failure to take such is due to an approved absence,
sickness, or extremely unavoidable circumstances. You are responsible for arranging the schedule with your
subject teacher. Special major examination is given only within one week after the examination schedule.
Policy on Scholastic Dishonesty: Students must be honest at all times; cheating and plagiarism in any form
will merit a grade of 0.00.
Textbook: The textbook is an essential reference and learning tool. In order to succeed in this course, you
will need to spend time understanding this text in preparation for class. You should bring with you this book
every class meeting as most of the class activities will require its use.
Proper Decorum inside the Class: Cellular/Mobile phones should always be in silent mode during class
hours; the use of cellular phones is prohibited in class unless a special permission is sought. Cellular phones
cannot also be used as calculator during examination. The use of translators is strictly prohibited during quizzes
and major examinations. Civility in the classroom is expected from all members of the class.
General Concerns: All written requirements should be completed on appropriate working papers with your
name, course/section code, date and type of course requirement. Documents should have a neat, professional
appearance and be stapled in correct sequential order. All written answers/solutions must be prepared using
correct format, grammar, punctuation and spelling. You must provide your own supplies, including a non-
programmable calculator, for use whenever necessary. Only black inked-pen is allowed.
Other Concerns Relative to the Class: Any concern that is relevant to the class should be brought to the
attention of the subject teacher before it is elevated to a higher authority or an outside party. This would cover,
for instance, complaints directed to the subject teacher (manner of teaching, grades, etc.) or to your classmates.
Special arrangements requested due to certain situations (e.g. student’s disabling condition) may be decided
or acted on a case to case basis.
 Other matters not provided in the preceding policies concerning this class may be resolved within the bound
of University policy.

REFERENCES
Call Number or e-provider Reference Material

Millan, Z. V.B. Intermediate Accounting 1A and 1B. (2019).

Reference Section
Baguio City. Bandolin Enterprises.
HF 5626 .In8 2018 pt.a IFRS standards: issued at 1 January 2018. London. IFRS Foundation.
HF 5636 .F962 2016 Edmonds, T. P. Fundamental financial accounting concept. (2016).
New York, NY: McGraw-Hill/Irwin
eBook Chaudhry, A. et al. Wiley IFRS 2016: interpretation and application
of international financial reporting standards. (2016). Hoboken,
NJ: John Wiley & Sons
HF 5635 .V238 2016 v.3 Valix, C. T. Financial Accounting. (2016). Manila: GIC Enterprises &
Co.
HF 5626 .In85 2015 pt.1 International Financial Reporting Standards: required for annual
reporting periods beginning on 1 January 2016. (2015). London:
IFRS Foundation
HF 5626 .In85 2015 pt.1 International Financial Reporting Standards: required for annual
reporting periods beginning on 1 January 2016. (2015). London:
IFRS Foundation
HF 5626 .B953 2015 Burton, F.G. et al. International financial reporting standards: a
framework-based perspective. (2015). New York: Routledge,
Taylor & Francis
HF 5626 .In85 2015 v.1 Beyersdorff, M. International GAAP 2015: generally accepted
accounting practice under International Financial Reporting
Standards. (2015). Chichester, UK: John Wiley & Sons
HF 5635 .In81 2015 v.2 Intermediate Accounting. (2015). New York, NY: McGraw-Hill
HF 5626 .G941 2014 A guide through international financial reporting standards as issued
(PART 1) at. (2014). London: IFRS Foundation

Prepared by:
Accountancy Department

Endorsed by:

Eden C. Cabrera, CPA, MBA

Chair, Accountancy Department

Approved by:

Mary Felidora Florinor M. Amparo, PhD

Dean, College of Business Administration and Accountancy

De La Salle University - Dasmariñas

 COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
ACCOUNTANCY DEPARTMENT

PROGRAM LEARNING OUTCOME - COURSE LEARNING OUTCOME

MAPPING TABLE FOR BSM PROGRAM

COURSE CODE : ACT143

COURSE TITLE : Intermediate Accounting 1
COURSE TYPE : Lecture
COURSE CREDIT : 6

Course Learning Program Learning Outcome

Outcome 1 1 1 1 1 1
1 2 3 4 5 6 7 8 9
0 1 2 3 4 5
CLO 1 Apply critical √ √ √
thinking,
communication skills
and computer literacy
by preparing and
presenting solutions in
class

CLO 2 Demonstrate √ √ √
acquired skills by
recognizing,
measuring, and
presenting transactions
related to assets in the
financial statements
CLO 3 Construct √ √
disclosures by
identifying the relevant
information required by
the accounting
standards to be
presented as part of the
financial statements
CLO 4 Exhibit faith √
by interpreting,
judging, and evaluating
classroom realities in
the light of the Gospel

CLO 5 Demonstrate √
the importance of
ethics and Christian-
like actions in
accounting for assets
and emphasize the need
for relevance,
 truthfulness, timeliness,
integrity, objectivity,
and neutrality in the
preparation of assets
section of the statement
of financial position
CLO 6 Recognize and √
realize the social
responsibility of an
accounting professional
in the computation and
presentation of a fairly
stated current assets
section of the statement
of financial statement.
NOTE: Provide a check mark on the areas in which the program learning outcome (PLO) is hit by
the course learning outcome (CLO)
Program Learning Outcome
1. PLO 1 Record financial transactions in compliance with generally accepted accounting
standards for sole proprietorships, partnerships, corporations, government and not-for-profit
organizations.
2. PLO 2 Prepare general-purpose financial reports in accordance with generally accepted
accounting standards.
3. PLO 3 Prepare individual and corporate income tax returns and basic tax planning in
compliance with relevant legislations and regulations.
4. PLO 4 Analyze the components of an organization's governance structure and internal control.
5. PLO 5 Analyze an organization's risks and opportunities within a risk management
framework.
6. PLO 6 Construct an appropriate investment policy statement and asset allocation.
7. PLO 7 Formulate strategies for managing, monitoring, and rebalancing the investment
portfolio.
8. PLO 8 Interpret performance relative to benchmarks and present investment returns in a
manner consistent with Global Investment Performance Standards.
9. PLO 9 Analyze and integrate financial and nonfinancial data to provide relevant information
for managerial decision making.
10. PLO 10 Apply techniques that will help evaluate and improve the performance of an
organization.
11. PLO 11 Apply different analytics modeling concepts on enterprise data.
12. PLO 12 Conduct accounting research through independent studies of relevant literature and
appropriate use of accounting theory and methodologies.
13. PLO13 Employ technology as a business tool in capturing and processing financial and non-
financial information, generating reports and making decisions. Employ technology as a
business tool in capturing and processing financial and non-financial information, generating
reports and making decisions.
14. PLO 14 Apply knowledge and skills that will enable them to successfully respond to various
types of assessments such as professional licensure examinations and certifications.
15. PLO 15 Adhere to legitimate and acceptable ethical objectives of an organization and the
profession anchored on Lasallian values.

De La Salle University - Dasmariñas

 COLLEGE OF BUSINESS ADMINISTRATION AND ACCOUNTANCY
ACCOUNTANCY DEPARTMENT

PROGRAM LEARNING OUTCOME - COURSE LEARNING OUTCOME

MAPPING TABLE FOR BSA PROGRAM

COURSE CODE : ACT143

COURSE TITLE : Intermediate Accounting 1
COURSE TYPE : Lecture
COURSE CREDIT : 6

Course Learning
1 2 3 4 5 6 7 8 9 10 11 12
Outcome
CLO 1 Apply critical √ √ √
thinking, communication
skills and computer
literacy by preparing and
presenting solutions in
class

CLO 2 Demonstrate √ √ √
acquired skills by
recognizing, measuring,
and presenting
transactions related to
assets in the financial
statements
CLO 3 Construct √ √
disclosures by
identifying the relevant
information required by
the accounting standards
to be presented as part of
the financial statements
CLO 4 Exhibit faith by √
interpreting, judging, and
evaluating classroom
realities in the light of the
Gospel

CLO 5 Demonstrate the √

importance of ethics and
Christian-like actions in
accounting for assets and
emphasize the need for
relevance, truthfulness,
timeliness, integrity,
objectivity, and neutrality
in the preparation of
assets section of the
 statement of financial
position
CLO 6 Recognize and √
realize the social
responsibility of an
accounting professional
in the computation and
presentation of a fairly
stated current assets
section of the statement
of financial statement.

NOTE: Provide a check mark on the areas in which the program learning outcome (PLO) is hit by
the course learning outcome (CLO)
Program Learning Outcome
1. PLO 1 Record financial transactions in compliance with generally accepted accounting
standards for sole proprietorships, partnerships, corporations, government and not-for-profit
organizations.
2. PLO 2 Prepare general-purpose financial reports in accordance with generally accepted
accounting standards.
3. PLO 3 Prepare individual and corporate income tax returns and basic tax planning in
compliance with relevant legislations and regulations.
4. PLO 4 Analyze the components of an organization's governance structure and internal
control.
5. PLO 5 Analyze an organization's risks and opportunities within a risk management
framework.
6. PLO 6 Perform independent audit of financial statements and prepare audit reports and other
reports to management.
7. PLO 7 Analyze and integrate financial and nonfinancial data to provide relevant information
for managerial decision making
8. PLO 8 Apply techniques that will help evaluate and improve the performance of an
organization.
9. PLO 9 Conduct accounting research through independent studies of relevant literature and
appropriate use of accounting theory and methodologies.
10. PLO 10 Employ technology as a business tool in capturing and processing financial and non-
financial information, generating reports and making decisions.
11. PLO 11 Apply knowledge and skills that will enable them to successfully respond to various
types of assessments such as professional licensure examinations and certifications.
12. PLO 12 Adhere to legitimate and acceptable ethical objectives of an organization and the
profession anchored on Lasallian values.