DETAILED TEACHING SYLLABUS (DTS) AND INSTRUCTOR GUIDE (IG’S)

PHILOSOPHY
The PHILIPPINE COLLEGE OF SCIENCE AND TECHNOLOGY is committed to the pursuit of excellence relative to student’s professional growth and
development.

VISION
PHILIPPINE COLLEGE OF SCIENCE AND TECHNOLOGY envisions producing quality graduates fully equipped with knowledge, attitudes, values and
skills and who are globally competitive in their chosen profession ever ready to render quality services.

MISSION STATEMENT
PHILIPPINE COLLEGE OF SCIENCE AND TECHNOLOGY provides quality education to every student through a well-balanced research oriented
learning environment that develops critical and creative thinking for maximum development of individual’s talents and capabilities.

INSTITUTIONAL OBJECTIVES
In pursuit of its Vision and Mission, PHILIPPINE COLLEGE OF SCIENCE AND TECHNOLOGY will achieve the following:
1. Provide programs and activities that will enhance the development of the students physically, intellectually, culturally, emotionally,
socially, spiritually and morally.
2. Provide college education opportunities to poor but deserving students through the PHILIPPINE COLLEGE OF SCIENCE AND TECHNOLOGY
scholarship grants.
3. Train students with globally competitive technical skills that will make them competent and capable of handling challenges in life.
4. Provide manpower needs of the country with professionally qualified graduates imbued with dignity and high moral values who are
mature, self-reliant, responsible and self-discipline citizens.

SPECIAL OBJECTIVES
To provide the country with globally competit6ive and professionally licensed graduates as integral part of the total manpower needed for the
economic development in the national and international levels.
Issue Date Prepared by: Reviewed by: Recommended by: Approved by:
Revision Status
Instructor Department Head ELSE MARIE T. VILLANUEVA, CPA, MBA ENGR. RAUL GIRONELLA, Sr.
Revision Date
College Dean VP for Academic Affairs

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 COLLEGE OF ACCOUNTANCY AND BUSINESS PROGRAMS

PHILOSOPHY
The Philippine College of Science and Technology, College of Accountancy and Business Programs provides excellent trainings in business
education in a highly competitive world.

GENERAL OBJECTIVES
1. To develop, implement, evaluate and continually improve programs of business education that enhance administrative competence
and entrepreneurial abilities;
2. To develop the professional and technical proficiency of business education students so that they can become effective leaders in
their chosen careers.

SPECIFIC OBJECTIVES

The above goal will be achieved through the following specific objectives:
1. To provide students with basic concepts of economics, finance, management, marketing and business law;
2. To apply these concepts in business and related professions;
3. To inculcate social responsibilities in business;
4. To develop the entrepreneurial potential of students; and
5. To update students with emerging business trends in consonance with information age.
THREE-YEAR DIPLOMA COURSE IN ACCOUNTANCY

PROGRAM OUTCOMES

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 The Three-Year Diploma Course in Accountancy aims to provide a framework for developing the skills and knowledge needed for
employment and self-employment in the progressively dynamic business environment. The Diploma is developed specifically in recognition of
the growing importance of individuals equipped with essential skills and knowledge in accountancy context.

The objectives of the program are to prepare students to embark on a career in the accountancy field or to further continuing education at the
sub-professional level by providing them:
 Knowledge and skills of accounting, economics, management, business law, business communications, numeracy and information
technology;
 Cognitive, communication and interpersonal skills;
 Information technology skills;
 An educational experience to pursue life-long learning; and
 A strong sense of responsibility as a member of the society.

LEARNING OUTCOMES

At the end of this programme, the students should be able to:

1. Demonstrate the understanding of fundamental accounting knowledge and skills for higher level of study, employment or self-
employment.
2. Record financial transactions and prepare financial statements in compliance with acceptable accounting principles for various forms of
organisations, be it profit or not-for-profit.
3. Demonstrate good interpersonal and communication skills in order to function as a member of the society.
4. Demonstrate analytical, judgment and critical thinking skills in decision-making and problem-solving in relations with financial
information and business operations.
5. Develop values, ethics, and skills necessary to embrace a career in accountancy at sub-professional level and for lifelong learning.

COURSE TITLE INTERMEDIATE ACCOUNTING 2 COURSE CODE CAE9

CREDIT UNITS 3 COURSE PREREQUISITE/CO- CAE7

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 REQUISITE
COURSE DESCRIPTION
This course represents an intensive study and application of the generally accepted accounting principles for asset and liability
valuation, income measurement, and financial statement presentation for business organizations, and the processes through which
these principles evolve. The course builds on Intermediate Accounting I by covering in detail topics that are essential to preparing,
reading, understanding, interpreting, and using financial statements that are prepared in accordance with generally accepted
accounting principles. The course relies extensively on class discussion and assignments. Students will be required to analyze the
financial records of a company and address accounting issues. Upon completion of the course, students should be able to prepare,
read, understand, explain, and critically evaluate information contained in the financial statements. These abilities are required to
succeed in such professions as public accounting (both auditing and tax), banking, investment banking, and internal auditing, as well
as any other occupation that involves financial statement information.
REFERENCE: 1. Millan, Zeus Vernon B. (2018). Intermediate Accounting 1B
2. Philippine Financial Reporting Standards (PFRSs) adapted by the Financial Reporting Standards Council based on the
International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board, 2018

COMPETENCE
COURSE INTENDED LEARNING OUTCOMES (CILO’S)
At the end of the course, the student shall be able to:
1. Understand and apply analytical and disciplinary concepts and methods related to accounting.
2. Communicate effectively—write messages and documents that are clear, concise, and compelling.
3. Solve problems, including unstructured problems, related to business and economics.

CHECK-UP PERIOD

CONTENT/TOPIC INTENDED LEARNING SUGGESTED REFERENCES AND ASSESSMENT TASKS

OUTCOME TEACHING/LEARNING EQUIPMENTS (AT’s)
(ILO’S) ACTIVITIES (TLAs)
Chapter 1 At the end of the chapter, Advanced assignments 1. Millan, Zeus Vernon Check up recitation 1
Investment in Associates the student is expected like: B. (2018). Intermediate
1. Investment in Associate to be able to:  Reading the Accounting 1B Graded presentation
2. Equity Method 1. Define an chapter in of solutions/answers
3. Application of the equity investment in 2. Philippine Financial to the board.
advance

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method associate.  Answering the Reporting Standards
4. Equity method not 2. Describe the questions, (PFRSs) adapted by the Check up quiz 1
applicable accounting exercises and Financial Reporting
5. Potential voting rights requirement for Standards Council
problems at the
based on the
6. Cumulative preference investments in end of each
International Financial
shares associates. chapter. Reporting Standards
7. Relationship between 3. Account for the During discussions, (IFRSs) issued by the
investment in associate investor’s share students are International
account and associate’s equity in the losses of an encouraged to Accounting Standards
8. Change to equity method- associate. participate like in the Board, 2018
gain of significant influence case of interactive
9. Intercompany transactions classroom activities.
with an associate
10. Impairment losses Presentation of
solutions and answers
to questions.

Lecture
Chapter 2 At the end of the chapter, Advanced assignments 1. Millan, Zeus Vernon Check up recitation 2
Agriculture the student is expected like: B. (2018). Intermediate
1. Biological asset to be able to:  Reading the Accounting 1B Graded presentation
2.Agricultural produce 1. Differentiate the chapter in of solutions/answers
3. Measurement following: 2. Philippine Financial to the board.
advance
Reporting Standards
4. Biological assets attached to biological assets,  Answering the (PFRSs) adapted by the
land. bearer plants, questions, Financial Reporting Check up quiz 2
5. Government grants agricultural exercises and Standards Council
6. Encouraged disclosures produce and problems at the based on the Check Up exam
7. Financial statement inventory. end of each International Financial
presentation 2. State the initial chapter. Reporting Standards
and subsequent During discussions, (IFRSs) issued by the
measurement of International

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 biological assets students are Accounting Standards
and agricultural encouraged to Board, 2018
produce. participate like in the
3. Account for case of interactive
government classroom activities.
grants that are
within the scope Presentation of
of PAS 41. solutions and answers
to questions.

Lecture

PRELIMINARY PERIOD
CONTENT/TOPIC INTENDED LEARNING OUTCOME SUGGESTED REFERENCES AND ASSESSMENT TASKS
(ILO’S) TEACHING/LEARNING EQUIPMENTS (AT’s)
ACTIVITIES (TLAs)
Chapter 3 At the end of the chapter, Advanced 1. Millan, Zeus Vernon Preliminary recitation 1
Property, Plant and the student is expected to assignments like: B. (2018). Intermediate
Equipment (Part 1) be able to:  Reading the Accounting 1B Graded presentation of
1. Recognition 1. Identify the chapter in solutions/answers to the
2. Initial measurement different modes of 2. Philippine Financial board.
advance
Reporting Standards
3. Incidental operations acquisition of  Answering (PFRSs) adapted by the
4. Self-constructed assets property, plant and the Financial Reporting Preliminary quiz 1
5. Classes of PPE equipment. questions, Standards Council
6.Acquisition through 2. State the elements exercises based on the
exchange of cost of property, and International Financial
7. Acquisition through plant and problems at Reporting Standards
trade-in equipment. the end of (IFRSs) issued by the

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8. Acquisition through 3. State when the each International
issuance of own equity capitalization of chapter. Accounting Standards
instrument costs of property, During discussions, Board, 2018
9. Acquisition through plant and students are
issuance of bonds equipment ceases. encouraged to
10. Acquisition by donation participate like in the
case of interactive
classroom activities.

Presentation of
solutions and
answers to
questions.

Lecture
Chapter 4 At the end of the chapter, Advanced 1. Millan, Zeus Vernon Preliminary recitation 2
Property, Plant and the student is expected to assignments like: B. (2018). Intermediate
Equipment (Part 2) be able to:  Reading the Accounting 1B Graded presentation of
1. Subsequent 1. State the chapter in solutions/answers to the
measurement subsequent 2. Philippine Financial board.
advance
Reporting Standards
2. Cost model measurement f  Answering (PFRSs) adapted by the
3. Leasehold improvements items of PPE. the Financial Reporting Preliminary quiz 2
4. Changes in depreciation 2. Define questions, Standards Council
method, useful life, and depreciation and exercises based on the
residual value state when and International Financial Preliminary exam
5. Fully depreciated assets depreciation problems at Reporting Standards
6. Costs subsequent to commences and the end of (IFRSs) issued by the
initial recognition when it ceases. each International
7. Major types of 3. Account for the chapter. Accounting Standards
Board, 2018
subsequent expenditures revaluation of During discussions,
8. Revaluation model items of PPE.

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9. Basis for revaluation students are
10. Derecognition encouraged to
11. Compensation for participate like in the
impairment case of interactive
12. Disclosure classroom activities.

Presentation of
solutions and
answers to
questions.

Lecture

MIDTERM PERIOD
CONTENT/TOPIC INTENDED LEARNING OUTCOME SUGGESTED REFERENCES AND ASSESSMENT TASKS
ILO’S) TEACHING/LEARNING EQUIPMENTS (AT’s)
ACTIVITIES (TLAs)
Chapter 5 At the end of the chapter, Advanced 1. Millan, Zeus Vernon B. Midterm recitation 1
Depletion of Mineral the student is expected to assignments like: (2018). Intermediate
Resources be able to:  Reading Accounting 1B Graded presentation of
1. Exemption from 1. Account for the the chapter solutions/answers to the
hierarchy of reporting costs of 2. Philippine Financial board.
in advance
Reporting Standards
standards under PAS 8 exploration for and  Answering (PFRSs) adapted by the
2. Initial measurement evaluation of the Financial Reporting Midterm quiz 1
3. Subsequent mineral resources. questions, Standards Council based
measurement 2. Account for the exercises on the International
4. Natural resources depletion of a and Financial Reporting
5. Depletion natural resource. problems Standards (IFRSs) issued
6. Changes in estimates at the end by the International
Accounting Standards

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7. Depreciation of mining of each Board, 2018
equipment chapter.
8. Liquidation dividends During discussions,
9. Subsequent accounting students are
for decommissioning and encouraged to
restoration costs participate like in
the case of
interactive
classroom
activities.

Presentation of
solutions and
answers to
questions.

Lecture
Chapter 6 At the end of the chapter, Advanced 1. Millan, Zeus Vernon B. Midterm recitation 2
Government Grants the student is expected to assignments like: (2018). Intermediate
1. Recognition and be able to:  Reading Accounting 1B Graded presentation of
measurement 1. Account for the chapter solutions/answers to the
2. Approaches to the government 2. Philippine Financial board.
in advance
Reporting Standards
accounting for government grants.  Answering (PFRSs) adapted by the
grants 2. Explain the the Financial Reporting Midterm quiz 2
3. Accounting and presentation of questions, Standards Council based
presentation of government grants exercises on the International Midterm Exam
government grants in the financial and Financial Reporting
4. Repayment of grants statements. problems Standards (IFRSs) issued
at the end by the International
of each Accounting Standards
Board, 2018

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 chapter.
During discussions,
students are
encouraged to
participate like in
the case of
interactive
classroom
activities.

Presentation of
solutions and
answers to
questions.

Lecture

SEMI-FINAL PERIOD

CONTENT/TOPIC INTENDED LEARNING OUTCOME SUGGESTED REFERENCES AND ASSESSMENT TASKS

(ILO’S) TEACHING/LEARNING EQUIPMENTS (AT’s)
ACTIVITIES (TLAs)
Chapter 7 At the end of the chapter, Advanced 1. Millan, Zeus Vernon B. Semi-final recitation 1
Borrowing Costs the student is expected to assignments like: (2018). Intermediate
1. Core principle be able to:  Reading the Accounting 1B Graded presentation of
2. Capitalization of 1. State the core chapter in solutions/answers to the
borrowing costs principle under 2. Philippine Financial board.
advance
Reporting Standards
3. Limitation on PAS 23.  Answering the (PFRSs) adapted by the
expenditures 2. Compute for questions, Financial Reporting Semi-final quiz 1
4. Capitalization during borrowing costs exercises and Standards Council based

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extended period of that are eligible for problems at on the International
construction capitalization. the end of Financial Reporting
5. Presentation each chapter. Standards (IFRSs) issued
During discussions, by the International
Accounting Standards
students are
Board, 2018
encouraged to
participate like in the
case of interactive
classroom activities.

Presentation of
solutions and answers
to questions.

Lecture
Chapter 8 At the end of the chapter, Advanced 1. Millan, Zeus Vernon B. Semi-final recitation 2
Investment Property the student is expected to assignments like: (2018). Intermediate
1. Partly investment be able to:  Reading the Accounting 1B Graded presentation of
property and partly owner- 1. Define an chapter in solutions/answers to the
occupied investment 2. Philippine Financial board.
advance
Reporting Standards
2. Ancillary services to property.  Answering the (PFRSs) adapted by the
occupants 2. State the initial questions, Financial Reporting Semi-final quiz 2
3. Investment property in and subsequent exercises and Standards Council based
consolidated financial measurement of problems at on the International Semi-final exam
statements investment the end of Financial Reporting
4. Initial property. each chapter. Standards (IFRSs) issued
measurement/subsequent 3. Apply the fair During discussions, by the International
measurement value model of students are Accounting Standards
5. Transfers, derecognition, accounting for encouraged to Board, 2018
and subsequent investment participate like in the
expenditures property.

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6. Impairment 4. Account for case of interactive
transfer to and classroom activities.
from the
investment Presentation of
property solutions and answers
classification. to questions.

Lecture

FINAL PERIOD
CONTENT/TOPIC INTENDED LEARNING SUGGESTED REFERENCES AND ASSESSMENT TASKS
OUTCOME TEACHING/LEARNING EQUIPMENTS (AT’s)
(ILO’S) ACTIVITIES (TLAs)
Chapter 9 At the end of the chapter, Advanced 1. Millan, Zeus Vernon B. Final recitation 1
Intangible Assets the student is expected to assignments like: (2018). Intermediate
1. Definition be able to:  Reading the Accounting 1B Graded presentation of
2. Assets with both 1. Define an chapter in solutions/answers to the
intangible and tangible intangible asset. 2. Philippine Financial board.
advance
Reporting Standards
elements 2. State the initial  Answering the (PFRSs) adapted by the
3. Presentation measurement of questions, Financial Reporting Final quiz 1
4. Initial measurement intangible assets exercises and Standards Council based
5. Subsequent that are (a) problems at on the International
measurement externally the end of Financial Reporting
6. Impairment, acquired and (b) each chapter. Standards (IFRSs) issued
derecognition internally During discussions, by the International
7. Major categories of generated. students are Accounting Standards
intangible assets 3. State the encouraged to Board, 2018
8. Organization cost subsequent participate like in the
8. Acquisition of intangible measurement of case of interactive
assets in lumpsum intangible assets classroom activities.
that have finite

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 useful life, and Presentation of
indefinite useful solutions and answers
life. to questions.
4. Account for
subsequent Lecture
expenditures on
intangible assets.
5. Give examples of
intangible assets
within the scope
of PAS 38 and
explain their
accounting
requirements.
Chapter 10 At the end of the chapter, Advanced 1. Millan, Zeus Vernon B. Final recitation 2
Impairment of Assets the student is expected to assignments like: (2018). Intermediate
1. Core principle be able to:  Reading the Accounting 1B Graded presentation of
2. Identifying an asset that 1. State the core chapter in solutions/answers to the
may be impaired principle of PAS 2. Philippine Financial board.
advance
Reporting Standards
3. Measuring recoverable 36.  Answering the (PFRSs) adapted by the
amount 2. Account for the questions, Financial Reporting Final quiz 2
4. Recognizing and impairment of exercises and Standards Council based
measuring an impairment individual assets problems at on the International Final exam
loss and cash- the end of Financial Reporting
5. Cash generating units generating units. each chapter. Standards (IFRSs) issued
6. Corporate assets 3. Account for the During discussions, by the International
7. Reversal of impairment reversal of students are Accounting Standards
loss impairment. encouraged to Board, 2018
participate like in the
case of interactive

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 classroom activities.

Presentation of
solutions and answers
to questions.

Lecture

COURSE ASSESSMENT:
(Criteria for Grading)
Methods of Evaluation: Students will be evaluated according to the following:
05 Examinations (Check-Up Examination, Preliminary Examination, Mid-Term Examination, Semi-Final Examination and Final Examination);
14 Recitations (Preliminary Recitation, Mid-Term Recitation, Semi-Final Recitation and Final Recitation);
14 Quizzes; and
10 Assessment
The final course grade will be computed according to the following formula:
1. Eighty percent (80%) attendance or better
2. Seventy five percent (75%) general average based on the grading system as follows:
a. Prelim Grade- (5%) (Assignment) + (10%) (Recitation) + (50%) (Quizzes) + (35%)[(Checkup exam + Prelim Exam)/2]
b. Midterm Grade- [(Prelim Grade)+ (TMG)/2]; where :TMG= (5%) (Assignment) + (10%) (Recitation) + (50%) (Quizzes) + (35%) (Midterm Exam)
c. Final Grade = (Midterm Grade) + 2 (TFG)/3; where TFG = (5%) (Assignment) + (10%) (Recitation) + (50%) (Quizzes) + (35%)[(S-Final Exam + Final Exam)/2]

COURSE POLICIES
(Requirements)
A. Attendance Procedure: Attendance will be taken at the beginning of each class. Students are expected to attend every class. Students are responsible for all
materials covered during any absence and assignments must be completed by the due date for credit. The absence of four or more lectures and/or labs will result
in a “DROPPED” grade. Missed exams will require proof of extenuating circumstances for any make-up consideration;
B. Absence due to illness: if you are sick, DO NOT ATTEND THE CLASS. Contact the instructor by email, telephone, or cellphone to discuss how will you keep up with
the coursework assignments and complete the tasks assigned.
C. Methods of Instruction: Methods will include lectures and demonstrations that discuss the terms, concepts and formulate of the assigned chapter. During the
lecture a quizzes about the basic concepts of each chapter will be given. The student is expected to read one chapter and solve the assigned problems each week.
This will require an average of five hours of study outside of the classroom each week. The previously assigned problems will be collected for grading and the
solution will be derived in class. This process is designed to help the student thoroughly understand the conce3pts and applications of the material covered.
D. Academic Honesty: All students are expected to behave with academic honest. It is not academically honest, for example, to misrepresent another person’s
worlds or ideas as one’s own, to take credit for someone else’s work or ideas; to cope and paste material from another document or from the internet, to accept

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 help on a test or to obtain advanced information or confidential test materials or to act in a way that might harm another students’ chance for academic success.
When the instructor believes that a student has failed to maintain academic honesty, he or she may be given an “F” grade, either for the assignment, quiz,
examination, or the course depending upon the severity of the offense.

COURSE TITLE SY/TERM OF EFFECTIVITY PREPARED BY APPROVED BY

INTERMEDIATE ACCOUNTING 2 SY 2018-2019 ELSE MARIE T. VILLANUEVA, CPA, MBA ENGR. RAUL B. GIRONELLA, MBA
DEAN VICE PRESIDENT FOR ACADEMIC AFFAIRS

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