COLLEGE: RVR-COB DEPARTMENT: ACCOUNTANCY

COURSE CODE: ACTBAS4

CLASS DAYS AND CLASS TIME: __________________ ROOM: ________
INSTRUCTOR NAME: ___________________________________________________
CONTACT INFORMATION: _____________________________________________
CONSULTATION HOURS: _______________________________________________

COURSE DESCRIPTION:
This course ACTBAS4, INTRODUCTORY ACCOUNTING Part 4, is designed to develop a basic
understanding of the conceptual framework underlying the measurement and communication of financial
data for business decisions as well as their relevance in the national context. This course deals with
analyzing, recording and processing business transactions commonly engaged by a manufacturing
enterprise. The fundamental concepts and principles essential to the measurement and communication
of said transactions are introduced and emphasized as the course progresses.

LEARNING OUTCOMES (LO):

UNIVERSITY EXPECTED
LASALLIAN GRADUATE
ATTRIBUTES (ELGA)
Critical and creative thinker
Effective communicator
Reflective lifelong learner
LEARNING OUTCOMES
On completion of the course, the student is expected to be able to:
CO1: Prepare financial statements for a manufacturing business based
on generally accepted accounting principles (GAAP).
CO2: Prepare individual and/or group case analyses that apply theories
learned in the course.

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: Prepare financial statements for a manufacturing 1) Minimum of two Every
business based on generally accepted accounting textbook/workbook meeting
principles. exercises
2) At least one complete set Entire term
of Financial Statements

LO2: Prepare individual or group case analysis that One written individual or Week 13
applies theories learned in the course. group case analysis

RUBRICS FOR ASSESSMENT:

Textbook/Workbook Exercises
CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
100% 90% 80% 70%
Textbook/ The student The student The student The student fails
Workbook solves and solves and solves and to solve and
Exercises presents 100% presents 76%- presents 51%- present at least
(Presentation, of requirements 99% of the 75% of the 50% of the
content, and of textbook requirements of requirements of requirements of
completeness) exercises in textbook textbook textbook
[100%] good accounting exercises in good exercises in good exercises in good
format. accounting accounting accounting
format. format. format.
TOTAL:
1
Financial Statements
CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
100% 90% 80% 70%
Correctness & The student The student The student The student fails
Completeness prepares correctly prepares prepares to prepare
[80%] all financial correctly correctly some of correctly all
statements. majority of the the financial financial
financial statements. statements.
statements .
Neatness and The student The student The student The student fails
Orderliness prepares all prepares prepares some of to prepare
[20%] financial majority of financial correctly all
statements in financial statements in financial
good accounting statements in good accounting statements in
format. good accounting format. good accounting
format. format.
TOTAL:

Written Group Business Case Analysis

CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
100% 90% 80% 70%
Content The group applies The group The group The group fails
(Application all relevant applies most applies some to apply
of theories ACTBAS4 topics ACTBAS4 topics ACTBAS4 topics ACTBAS4 topics
learned in appropriately to appropriately appropriately appropriately
ACTBAS4 to the business case.
the business
case)
[80%]
Format and The group follows The group The group The group does
Use of required format follows required follows required not follow
English and paper is free format but paper format but paper format and uses
Language of any contains minor contains major a mixture of
[10%] grammatical and grammatical and violations of the Filipino and
spelling error. spelling errors. English English language
language. in the paper;
uses the English
language
inappropriately.
Teamwork The group shows The group shows The group shows The group shows
[10%] strong teamwork teamwork as somewhat a lack lack of teamwork
as evidenced by evidenced by of teamwork as as evidenced by
oneness, consistent and evidenced by inconsistencies
consistent, and smooth flow of some in the flow of
smooth flow of ideas presented inconsistencies ideas presented
ideas presented in in the paper. in the flow of in the paper.
the paper. ideas presented
in the paper.
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
Departmental final examination
Assignment notebook (compilation of textbook/workbook exercises)
Peer evaluation (for group work)
Class participation/recitation

2
Peer Evaluation (for Group Work)
CRITERIA EXEMPLARY SATISFACTORY DEVELOPING BEGINNING RATING
100% 90% 80% 70%
Contribution The student The student The student The student does
to teams final contributes to the contributes to the contributes not contribute to
output teams final teams final somewhat to the the teams final
[100%] output more than output as teams final output.
what is expected. expected. output.

GRADING SYSTEM:
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 1ST HALF 2ND HALF

Average Quizzes 40% 40%
Mid-term/Final Examination 40% 40%
Business Case 5% 5%
Class Standing* 15% 15%
TOTAL 100% 100%
Final Grade Computation 40% 60%

*See Class Policies #4

LEARNING PLAN:

LEARNING TOPIC WEEK LEARNING

OUTCOMES NO. ACTIVITIES
Prepare I. INTRODUCTION TO MANUFACTURING 1 Read text 2, p.60
financial BUSINESS Read Valencia and
statements for a 1.1 Review of Types of Business Organization Roxas pp. 521-523
manufacturing according to activities
business based 1.2 Introduction to Manufacturing Business
on GAAP. 1.2.1 Nature
1.2.2 Chart of Accounts
1.2.3 Operating Cycles
Prepare II. COST CONCEPTS AND CLASSIFICATIONS 1-2 Read text 2, pp. 50-76
financial 2.1 According to Nature Answer text 2
statements for a 2.1.1 Manufacturing Costs E2-28,
manufacturing 2.1.1.1 Prime P2-31, 2-39
business based 2.1.1.2 Conversion
on GAAP. 2.1.2 Operating Expenses
2.2 According to GAAP
2.2.1 Product Cost
2.2.2 Period Cost
2.3 According to Types of Inventories
2.3.1 Raw Materials Inventory
2.3.2 Work in Process Inventory
2.3.3 Finished Goods Inventory
2.4 According to Traceability to Cost Objects 1-2 Answer text 2
2.4.1 Direct Costs E2-17, 2-19
2.4.2 Indirect Costs
3
 LEARNING TOPIC WEEK LEARNING
OUTCOMES NO. ACTIVITIES
2.5 According to Cost Behavior
2.5.1 Variable Costs
2.5.2 Fixed Costs QUIZ 1
Prepare financial III. Income Statement and Supporting Schedules 3-4 Answer text 2
statements for a 3.1 Schedule of Cost of Goods Manufactured P2-29,2-32,2-34, 2-35,
manufacturing 3.2 Schedule of Cost of Goods Sold 2-36, 2-37, 2-40, 2-42
business based on 3.3 Functional-form Income Statement QUIZ 2
GAAP.
Prepare financial IV. Cost Accumulation Systems 5 Read text 1, pp. 29-32
statements for a 4.1 Job Order Answer text 2 E4-16
manufacturing 4.2 Process
business based on 4.3 Distinction between Job Order and
GAAP. Process
Prepare V. Accounting Cycle for Manufacturing Business 5-8 Read text 1, pp. 32-49;
financial (Job Order) 73-82,
statements for a 5.1 Analyzing Business Transactions Read text 2, pp. 149-
manufacturing 5.1.1 Source Documents 150
business based 5.2 Journalizing: Flow of Costs in Answer
on GAAP. Manufacturing Text 1: E1-5,1-11,1-13
5.2.1 Direct Materials Text 2:P4-19, 4-20
5.2.2 Direct Labor Mid-term Exam
5.2.3 Manufacturing Overhead
5.2.3.1 Overapplied/Underapplied
5.3 Posting to General Ledger 8-10 Read text 2, p.150
5.4 Preparing Trial Balance Answer
5.5 Preparing 10 Columnar Worksheet Text 1: P1-3
5.5.1 Gathering adjustments data Text 2: P4-23, 4-25.
including disposition of
over/under-applied overhead QUIZ 3
(write-off to Cost of Goods Sold)

Prepare 5.6 Preparing Financial Statements 11-12 Read text, pp.

financial 5.6.1 Functional-form Income Answer
statements for a Statement Text 1: P1-5, 1-6, 1-7,
manufacturing 5.6.2 Report-form Statement of 1-12, 1-13
business based Financial Position
on GAAP. 5.6.3 Statement of Changes in Equity
5.6.4 Notes to Financial Statements QUIZ 4
Prepare 5.7 Journalizing and Posting Adjusting
individual or Entries
group case
analysis that 5.8 Journalizing and Posting Closing Entries 13-14 Answer
applies theories 5.9 Preparing Post-Closing Trial Balance Text 2: P4-38,
learned in the 5.10 Journalizing and Posting Reversing Business Case;
course. Entries Final Exam

REQUIRED TEXTBOOKS:

Text 1: VanDerbeck, E. (2013). Principles of Cost Accounting, 16th edition. Cengage Learning Asia Pte Ltd.

REFERENCES:
Text 2: Horngren, C., Datar, S., and Rajan, M. (2015). Cost Accounting, A Managerial Emphasis, 15th edition.
Pearson Education Inc.

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Chalmers, K., Fyfe, M., Kieso, D., Kimmel, P., Mitrione, L., Weygandt, J. and Yuen, S. (2010). Principles of
Accounting, 2nd edition. John Wiley and Sons Australia, Ltd.

Garrison, R.H., Noreen, E.W., and Brewer, P.C. (2013). Managerial Accounting, 13th edition. McGraw-Hill.

Schneider, A., and Sollenberger, H.M. (2009). Managerial Accounting: Manufacturing and Service
Applications, 4th edition. Cengage Learning Asia Pte Ltd.

Valencia, E., and Roxas, G. (2014). Basic Accounting Concepts, Principles, Procedures and Applications, 4th
edition. Valencia Educational Supply.

ONLINE RESOURCE:
Weygandt textbook website: www.wileyplus.com/WileyCDA/Section/Principles-of-Accounting-
2nd-Edition

CLASS POLICIES:
POLICIES SPECIFIC TO THE COURSE:
1. Only students who had obtained at least a 2.0 final grade in ACTBAS3 are qualified to take this
course.
2. A total of four (4) long quizzes are required. The minimum quiz score is 50 points per quiz and
total of 200 points.
3. The 15% class standing shall consist of the following: 5% attendance/punctuality; 5%
assignment notebook; and 5% recitation, seatwork, and good manners and right conduct.
4. The midterm examination may not be departmental and covers topics discussed up to Week 7 or
8, depending upon the discretion of the faculty member.
5. The final examination is departmental and covers the entire course syllabus. This is held for three
(3) hours during the Final Examinations Week (Week 14). It involves multiple choice theory
questions, problem solving and preparation of financial statements.
6. The guidelines for the written group business case analysis would be given by the faculty member
to the class/class representative at least two weeks before the submission deadline.
7. It is the responsibility of the student to be mindful of his/her absences/tardiness and
performance in class.
8. 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:
1. The student should accomplish an application for special final examination if there are conflicts in
the final examination schedule, following the University policies on order of priority.
2. Students must observe office hours and consultation hours/schedule of the faculty member.
Students are not allowed inside the Accountancy Department during the following times: (1)
Before office hours: Monday to Saturday, before 0800; (2) Lunch break: Monday to Saturday,
1200-1330; (3) After office hours: Monday to Friday, after 1900 and Saturday, after 1400; (4)
Grade consultation day; and (5) When no faculty member/staff is around. When inside the
Department, students are expected to observe silence, and maintain the cleanliness and
orderliness of the room.
3. For concerns regarding the BSA program or the course, students must set an appointment with
the Department Vice Chair. For all other inquiries, students may visit the Accountancy
Department at Faculty Center. Important announcements will be posted on the Accountancy
Department bulletin board.

ACTBAS4 Committee
17/July/2015