AGENCY, SALES AND BAILMENT’S
3 units
Pre-requisite: BL 311

This course deals with the study of the nature, principles,
requisites and the binding effects of contracts arising from
agency, sale, pledge and mortgages. It also includes the basic
knowledge of the various types of bailments used in business
which help the students both in their CPA examination and their
accounting practice.

NEGOTIABLE INSTRUMENTS
3 units
Pre-requisite: BL 311

This course is intended to give the students awareness,
knowledge as well as understanding on the legal provisions and
principles concerning The Philippine Negotiable Instruments Law
and its applicability to the business sector.

LAW ON BUSINESS ORGANIZATION
3 units
Pre-requisite: BL 311

This course is intended to give the students broad knowledge of
legal provisions governing business organization. It comprises
laws on private corporations and partnerships.

OBLIGATION AND CONTRACTS
3 units
Pre-requisite:

This course is intended to give the students broad knowledge
and understanding of legal Provisions and principles governing
Obligations and Contracts as found in the Civil Code of the
Philippines.

COMPUTER AIDED ACCOUNTING
3 units
Pre-requisite: FA 111, FA 122

This introductory course in computer exposes the business
student to computerize accounting principles. The major
objective of this course is to present and integrate manual
accounting principles into the computerized accounting system.
It provides the student with the knowledge of how computers
using an associated software are utilized to sort, classify and
present useful and meaningful accounting information from a
mass of data, still emphasis is placed on understanding the
reasons underlying the basic accounting and bookkeeping
methodology providing the student adequate knowledge in the
recording, classifying and summarizing phases of accounting
information including the understanding and appreciation of
the analysis of financial statements. It provides a hands-on
approach to learning how modern computerized integrated
accounting system functions.

COMPUTER AIDED ACCOUNTING
3 units
Pre-requisite: AC 211, AC 221, and AC 311

This introductory course in computer exposes the business student to computerized accounting principles. The major objective of this course is to present and integrate manual accounting principles into the computerized accounting system. It provides the student with the knowledge of how computers using an associated software are utilized to sort, classify and present useful and meaningful accounting information from a mass data, still emphasis is placed on understanding the reasons underlying the basic accounting and bookkeeping methodology and in providing the student adequate knowledge in the recording, classifying and summarizing phases of accounting information including the understanding and appreciation of the analysis of financial statements. It provides a hands-on approach to learning how modern computerized integrated accounting systems function.

ACCOUNTING PROCESS 1
3 units
Pre-requisite: None

This introductory course exposes the business student to the
nature, functions, scope and limitation of the accounting discipline
affecting a service concern and merchandising enterprise
organized as a sole proprietorship. It provides the student with
the adequate knowledge of how accounting records, techniques
and methodology are utilized to sort, classify and present useful
and meaningful accounting information from a mass of data.

ACCOUNTING PROCESS 2
3 units
Pre-requisite: AC 211

This course covers transactions, problems and financial
statement preparation peculiar to partnership and corporation as
distinguished from single proprietorship. It includes partnership
and corporation formation, operations, treatment of accumulated
profit, division of profit in a partnership and dividend distribution
in corporation, dissolution and eventual liquidation. Emphasis
is placed on providing students basic knowledge of accounting
procedures for partnership and corporation to use in analyzing
and interpreting financial statement and serve management in
controlling and planning business operations.

MANAGERIAL ACCOUNTING FOR NON-ACCOUNTANTS
3 units
Pre-requisite: AC 211, AC 221

This course covers the review of financial statements taken up
in basic accounting courses and various concepts underlying
their preparation which will serve as a sound background of
accounting knowledge in the analysis and interpretation of
comparative financial statements. It also involves a study by
which accounting information maybe accumulated, synthesized,
analyzed and presented in relations to specific problems,
decision and day-to-day tasks of business management. It
includes the study of general principles, concepts and techniques
in management and how they are applied for effective decision
making. Preparation of a simple master budget is also included
in the study.

FUNDAMENTALS OF ACCOUNTING
6 units
Pre-requisite: None

This introductory course exposes the business student to
the nature, functions, scope and limitation of the accounting
discipline affecting a service concern and merchandising
enterprise organized as a sole proprietorship. It provides
the student with the knowledge of how accounting records,
techniques and methodology are utilized to sort, classify and
present useful and meaningful accounting information from a
mass of data. Emphasis is placed on understanding the reasons
underlying the basic accounting and bookkeeping methodology
and in providing the student sound knowledge in the recording,
classifying and summarizing phases of accounting information
including the understanding and appreciation of the bank
reconciliation statement.

PARTNERSHIP & CORPORATION ACCOUNTING
6 units
Pre-requisite: FA 111

This course covers transactions, problems and financial
statement preparation peculiar to partnership and corporation as
distinguished from single proprietorship. It includes partnership
and corporation formation, operations, treatment of accumulated
profit, division of profit in a partnership and dividend distribution
in corporation, dissolution and eventual liquidation. The course
will also discuss the different classes of stock, retained earnings
treatment, treasury stock distribution, classes of dividend
distribution and book value per share for a corporate structure.

INTERMEDIATE ACCOUNTING - PART 1
6 units
Pre-requisite: FA 111, FA 122

This course is designed for the student who has completed the
fundamentals accounting courses. It covers topics on accounting
and its environment, the conceptual framework for financial
accounting generally accepted principles, the recognition,
measurement, and statement presentation of asset items in the
balance sheet. The course also deals with the current trends
in accounting for balance sheet and income statement items
based on Philippine Financial Reporting Standards (PFRS) set
by the Financial Reporting Standard Council. It requires the
development of greater in-depth understanding, higher level of
analytical and critical thinking in the student.

INTERMEDIATE ACCOUNTING - PART 2
6 units
Pre-requisite: FA 311

This course is a continuation of Intermediate Accounting – Part
1. It is designed to discuss financial accounting principles
applicable to liabilities and stockholders’ equity. It also includes
accounting treatment for events after balance date and special
problems on accounting for changes and error correction.
Philippine accounting standards and international reporting
standards particularly on presentation and necessary disclosures
relative to liabilities and capital items are emphasized.

COST ACCOUNTING - PART 1
6 units
Pre-requisite: FA 311, FA 321

This course provides discussions on the accounting theory and
practice for job-order cost and process cost system. The major
topics include the job-order cost accounting cycle, accounting
control for materials, labor and factory overhead, preparation
of job-order cost sheets and cost of production reports using
different accounting methods and procedures. Basic concepts
relative to the function of cost accounting as a tool of management
in decision-making are emphasized.

COST ACCOUNTING - PART 2
3 units
Pre-requisite: FA 311, FA 321, FA 323

This follow up course provides additional discussions on
cost accounting that focus on activity based costing system,
accounting for joint and by-products, and standard costing
system. Back flush costing system (JIT system) is also discussed
with emphasis on cost accumulation procedures and journal
entries.

MANAGERIAL ACCOUNTING - PART 1
6 units
Pre-requisite: FA 311, FA 321, FA 323, FA 411

This course is designed to acquaint the students with better
opportunities in the professional practice of Management
Advisory Services. This course deals with the nature, scope,
and different areas of MAS practice like system and procedure
design, installation, evaluation and revision; gross profit variance
analysis; variable costing; and budgeting for management
planning and control. This course also covers responsibility
and managerial accounting and controllership in line with social
responsibility.

MANAGERIAL ACCOUNTING - PART 2
6 units
Pre-requisite: FA 311, FA 321, FA 323, FA 411, FA 413

This course completes the study of management advisory
services geared towards more complex decision-making
techniques involving decisions on alternative choice, pricing
and capital investment. It includes mathematical approaches
for decision making, financial management, related services,
and project feasibility studies. An oral defense of the project
feasibility study prepared is the final activity of this course.

AUDITING THEORY
3 units
Pre-requisite: FA 311, FA 321, FA 323, FA 411

This course is designed to provide students with the knowledge
and understanding of the fundamental theory of auditing and the
philosophy underlying audits with emphasis on external auditing
as performed by independent certified public accountants and the
management of public accounting practice. The course covers
Generally Accepted Auditing Standards, Philippine Standards on
Auditing, and the Philippine Accountancy Act of 2004 relating to
internal and external auditing, internal controls, audit objectives,
audit techniques, audit programs and procedures, and audit
reports. Ethical standards affecting the accountancy profession
are also taken up.

ADVANCED ACCOUNTING - PART 1
3 units
Pre-requisite: FA 311, FA 321

This course covers advanced accounting topics. It involves
discussion and solution of problems relating to operation,
formation, dissolution and liquidation of a partnership;
installment sales; and home office-branch transactions.

COMPUTERIZED ACCOUNTING SYSTEM
3 units
Pre-requisite: For 5th yr BSA Students only, IT 114, FA 221, FA 323, FA 411, FA 414

This course reinforces previously learned basic accounting
principles and the impact of computerization on accounting
systems and how they are developed. The course discusses
the system development life cycle and the consideration and
activities involved. It provides an introduction to typical profiles
of computerized accounting systems. Using computer-aided
practice sets, the student walks through sample computerized
accounting systems, e.g. Accounts Receivable, Accounts Payable,
and General Ledger thereby giving a better appreciation of
how computerized accounting system work. The course also
provides an overview on the application of computers in cost
and management accounting.