Bachelor of Science in Accountancy

Degree Codes: Program- BSA Plan- BSA

The Accounting program prepares students for careers in accounting and related fields,
and makes them ready to deal effectively with the problems they will face as
professional accountants, researchers and responsible citizens. The program aims to
develop the qualities that enhance the student's professional and research competence,
awareness of his/her responsibilities to society and appreciation of an accountant's high
standard of integrity and objectivity.
Course Descriptions
Ethics and Corporate Social Responsibility for BSA (ACETHIC)
3 units
This course discusses in detail the basic Professional Values and the CODE of ETHICS
for Professional Accountants and Security Exchange Commission (SEC) of Corporate
Governance.

Pre-requisite: MODAUDP; BUSORGA

Pre-requisite to: REVDEVT

Financial Management for Accounting Majors - 1 (ACFINA1)

3 units
This is a basic course in Financial Management leading to Management Advisory
Services. It provides students with the basic principles, techniques and analytical tools
needed in conducting financial analysis, in evaluating and forecasting a business firm's
financial performance and managing working capital, with focus on cash, marketable
securities, accounts receivables, inventories and short term financing sources. The
course is geared towards providing the students with an exposure to business
consulting either as an internal or external management accountant or consultant.

Pre-requisite: MODFIN1, MODFIN2, MODFIN3, MODFIN4, MODCOS1, and

MODCOS2
Pre-requisite to: ACFINA2

Financial Management for Accounting Majors - 2 (ACFINA2)

3 units
The course is a continuation of Financial Management 1. It covers the more complex
aspects of financial decisions such as valuation of financial assets, risk and return,
medium to long term investments, capital structure, and dividend policy.

Pre-requisite: ACFINA1
Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1,
and MODMIT2

Financial Management for Accounting Majors - 3 (ACFINA3)

3 units
The course is a continuation of Financial Management I and II and provides a
conceptual framework within which key financial decisions and risks relating to
corporations are analyzed. This analysis considers shareholders' wealth maximization,
risk management (the nature of risk, risk concepts, benefits of risk management, risk
management processes, enterprise-wide risk management, managing operating risk
and financial risk, credit risk models including Basel II) capital acquisition analysis,
capital structure decision, and valuation of financial instruments. It also examines the
main types of derivative contracts: forward contracts, futures, swaps and options, and
how these instruments are used in managing and modifying financial risks.

Pre-requisite: ACFINA2
Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and
MODAUDT

Introductory Accounting for Service Enterprise (ACTBAS1)

3 units
This introductory course 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 sole proprietor of a service enterprise. The fundamental concepts and principles

essential to the measurement and communication of said transactions are introduced

and emphasized as the course progresses.

Pre-requisite: None
Pre-requisite to: ACTBAS2

Introductory Accounting for Merchandising Enterprise (ACTBAS2)

3 units
This course deals with the accounting cycle for a sole proprietorship form of business
engaged in merchandising activities. It includes recording of business transactions
involving merchandising and property, plant, and equipment transactions, and
preparation of financial statements for business decision-making. The course is
designed to respond to changes brought about by developments in information
technology through the use of a computerized accounting system. Accounting topics on
the voucher system, petty cash fund, and bank reconciliation statement are also
included.

Pre-requisite: ACTBAS1
Pre-requisite to: ACTPACO

Partnership and Corporation Accounting (ACTPACO)

3 units
This course deals with transactions, financial statements and problems peculiar to the
operations of partnerships and corporations as distinguished from the sole
proprietorship. Special topics on book value per share and earnings per share are
included.

Pre-requisite: ACTBAS2
Pre-requisite to: MODFIN1, MODFIN2, MODFIN3, MODFIN4, MODCOS1 and
MODCOS2

Computer Application 1 for Accounting Majors (LBYACC1)

3 units

This course brings spreadsheet technology into the classroom. Its focus is to facilitate
spreadsheet use as an integral part of education with the use of MS Excel 2007. This
course also aims to enhance students prior knowledge and skills in electronic
presentation with the use of MS PowerPoint 2007. Lastly, this course is designed to
provide students with a broad understanding of information technology and its
importance to the chosen career/profession.

Pre-requisite: none
Pre-requisite to: LBYACC2

Database Management System and Statistical Softwares (LBYACC2)

3 units
This course discusses the basic concepts of database management, database analysis,
and database design with business applications for accounting students using MS
Access. This course also covers basic programming concepts.

Pre-requisite: ACTSTAT
Pre-requisite to: THSBSAP

Auditing in a Computer Environment (LBYMODT)

3 units
This course complements the course in auditing, but limited to the areas that have an
immediate consequence to information technology (IT) as used in business. It discusses
the impact of information technology on the auditor's study and evaluation of internal
control with emphasis on the previously learned IT-related risks and controls in a CIS
environment. It takes into account the audit of IT function as a whole and the audit of
computerized information systems as part of the audit of the financial statements. It
introduces tools and techniques in auditing around, auditing through, and auditing with
the computer (using ACL as generalized audit software). In this course, students will
also gain basic techniques in fraud detection using ACL.

Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP,

MODMIT1, and MODMIT2

Pre-requisite to: REVPRAA, REVPRAB, REVMANS, REVAUDI, REVDEVT,

REVIBLT, and REVSYNT

Advanced Topics in Financial Accounting - Part 1 (MODADV1)

3 units
This course deals with specialized accounting problems likely to be encountered by
accountants. The study of the various topics in this course is based upon fundamental
valuation accounting and accounting theory as applied to special income and expense
recognition methods and expanded business operations.

Pre-requisite:LBYACC2, MODFIN1, MODFIN2, MODFIN3, MODFIN4,

MODCOS1, and MODCOS2
Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and
MODAUDT

Advanced Topics in Financial Accounting - Part 2 (MODADV2)

3 units
This course is a continuation of Advanced Financial Accounting and Reporting - Part 1.
Discussion of topics in this course is based upon fundamentals of valuation accounting
and accounting theory particularly home-branch relationship, business combinations,
consolidation of balance sheet, inter-company profit transactions in inventories, intercompany gain transactions in plant assets, and foreign currency accounting. This
course will also include other special topics such as fire insurance accounting and builtoperate-transfer (BOT) and similar schemes.

Pre-requisite: LBYACC2, MODFIN1, MODFIN2, MODFIN3, MODFIN4,

MODCOS1, and MODCOS2
Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and
MODAUDT

Advanced Topics in Financial Accounting - Part 3 (MODADV3)

3 units
This course covers advanced topics in financial accounting based on international

financial reporting standards. It will discuss advanced topics such as accounting for
borrowing costs, impairment of assets, agricultural and biological assets, leases,
employee benefits and share-based payments, derivatives and hedging transactions,
and income taxes. This course also includes special topics in advanced accounting like
accounting for not-for-profit organizations and government accounting based on the
New Government Accounting System (NGAS).

Pre-requisite: LBYACC2, MODFIN1, MODFIN2, MODFIN3, MODFIN4,

MODCOS1, and MODCOS2
Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and
MODAUDT

Auditing Problems 1 (MODAUD1)

3 units
This course covers the detailed approaches on problems and situations ordinarily
encountered in the independent examination of Cash, Receivables, Inventories,
Biological assets and Agricultural Produce, Investments (including Hedging
Instruments), and Property, Plant, and Equipment (including Borrowing Costs and
Impairment). It deals specifically with the application of auditing standards, techniques
and procedures, the evaluation of internal control, the preparation of audit working
papers with computer application, and the preparation of audit adjustments pertaining to
a manufacturing, trading, and service concern.

Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP,

MODMIT1, and MODMIT2
Pre-requisite to: REVPRAA, REVPRAB, REVMANS, REVAUDI, REVDEVT,
REVIBLT, and REVSYNT

Auditing Problems 2 (MODAUD2)

3 units
This course is a continuation of Auditing Problems 1. It covers the detailed approaches
on problems and situation ordinarily encountered in the independent examination of
Investment Property, Non-current Assets held for Sale, Intangibles (including
Impairment), Liabilities (notes and bonds payable, leases, employee benefits, provisions

and contingent assets and liabilities, and debt restructuring), Equity Accounts (including
share-based payment and retained earnings), Revenues, Expenses and Deferred
Charge. It deals specifically with the applications of auditing working papers with
computer application, and the preparation of audit adjustments pertaining to a
manufacturing, trading and service concern.

Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP,

MODMIT1, and MODMIT2
Pre-requisite to: REVPRAA, REVPRAB, REVMANS, REVAUDI, REVDEVT,
REVIBLT, and REVSYNT

Auditing Principles (MODAUDP)

3 units
A course designed to provide students with the conceptual knowledge and
understanding of the fundamental theory of auditing and assurance services, 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 [specifically,
Philippine Standards on Auditing (PSA)]; the Philippine Accountancy Law; internal and
external auditing; internal controls; manual and computerized records; audit objectives;
audit techniques; audit programs and procedures; and audit reports. Ethical standards
affecting the accountancy profession are also taken up.

Pre-requisite: LBYACC2, MODFIN1, MODFIN2, MODFIN3, MODFIN4,

MODCOS1, and MODCOS2
Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and
MODAUDT

Principles of Cost Accounting (MODCOS1)

3 units
This course is the introductory course to cost accounting and management. It discusses
cost terms, concepts, and behavior. It deals with concepts applied in accounting for
materials, labor, and overhead used in manufacturing operations using job order
costing, activity-based costing, just-in-time costing and backflush costing.

Pre-requisite: ACTPACO, Qualifying Exam

Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1,
and MODMIT2

Advanced Cost Accounting (MODCOS2)

3 units
This course is the follow-up course to MODCOS1. It deals with the concepts applied in
accounting for materials, labor, and overhead used in manufacturing operations under a
process cost system. It discusses accounting for joint products and by-products,
including income statement presentation. It also incorporates variance computation and
analysis using standard costing.

Pre-requisite: ACTPACO, Qualifying Exam

Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1,
and MODMIT2

Financial Accounting and Reporting for Assets - Part 1 (MODFIN1)

3 units
This course introduces the nature, functions, scope and limitations of the broad field of
accounting theory. It deals with the study of the theoretical accounting framework
objectives of the financial statements, accounting conventions, and generally accepted
accounting principles, standard setting process for accounting practice, national as well
as international principles relating to the preparation and presentation of financial
statements, the conditions under which they may be appropriately applied, their impact
or effect on the financial statements; and the criticisms commonly leveled against them.
The course covers detailed discussion, appreciation and application of accounting
principles covering assets, financial and non-financial. Emphasis is given on the
interpretation and application of theories of accounting in relation to cash, receivables,
inventories and intangible assets.

Pre-requisite: ACTPACO, Qualifying Exam

Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1 and
MODMIT2

Financial Accounting and Reporting for Assets -Part 2 (MODFIN2)

3 units
This course is the continuation of Financial Accounting and Reporting for Assets Part 1.
It deals with the study of fundamental assumptions, theoretical concepts and generally
accepted accounting principles as discussed in the Philippine Accounting Standards
(PAS) and the Philippine Financial Reporting Standards (PFRS); the conditions under
which they may be appropriately applied and their impact or effect on the financial
statements. The course covers detailed discussion, appreciation and application of
accounting principles covering assets, financial and non-financial. Emphasis is given on
the interpretation and application of theories of accounting in relation to property, plant
and equipment including depreciation methods, revaluation and impairment of property
assets, wasting assets, depletion; investments in equity and debt instruments, related
party disclosures; and other types of investments such as sinking fund, cash surrender
value and investment property.

Pre-requisite: ACTPACO, Qualifying Exam

Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1,
and MODMIT2

Financial Accounting & Reporting for Liabilities & Special Topics (MODFIN3)
3 units
This course deals with the study of fundamental assumptions, theoretical concepts and
generally accepted accounting principles as discussed in the Philippine Accounting
Standards (PAS) and the Philippine Financial Reporting Standards (PFRS); the
conditions under which they may be appropriately applied and their impact on the
financial statements. The course covers detailed discussion, appreciation and
application of accounting principles covering equities. Emphasis is given on the
interpretation and application of theories of accounting in relation to current liabilities,
non-current liabilities and stockholders' equity accounts. Special topics on Segment
Reporting, Non-Current Asset Held for Sale & Discontinued Operations and Introduction
to Financial Instruments will also be discussed in this course.

Pre-requisite: ACTPACO, Qualifying Exam

Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1,

and MODMIT2

Financial Accounting & Reporting for Equity & Special Topics (MODFIN4)
3 units
This course deals with the study of fundamental assumptions, theoretical concepts and
generally accepted accounting principles as discussed in the Philippine Accounting
Standards (PAS) and the Philippine Financial Reporting Standards (PFRS); the
conditions under which they may be appropriately applied and their impact on the
financial statements. The course covers detailed discussion, appreciation and
application of accounting principles covering special topics. Emphasis is given on the
interpretation and application of theories of accounting in relation to special topics on
accounting changes, book value per share, earnings per share, correction of errors,
cash and accrual bases of accounting, single-entry system, statement of cash flow,
interim reporting and presentation of general-purpose financial statements.

Pre-requisite: ACTPACO, Qualifying Exam

Pre-requisite to: MODADV1, MODADV2, MODADV3, MODAUDP, MODMIT1,
and MODMIT2

Principles of Managerial Accounting 1 (MODMGT1)

3 units
This course is the first of a series of courses in the study of Management Advisory
Services. The course deals mainly with topics that relate to the foundation of
management accounting and its operational aspects. It is designed to use the case
study method, the next best alternative to simulate application of concepts in an actual
business scenario. The course is geared towards providing the students with an
exposure to business consulting either as an internal or external management
accountant or consultant.

Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP,

MODMIT1, and MODMIT2
Pre-requisite to: REVPRAA, REVPRAB, REVMANS, REVAUDI, REVDEVT,
REVIBLT, and REVSYNT

Principles of Managerial Accounting 2 (MODMGT2)

3 units
This course introduces the students to business research. It focuses on the concepts,
applications and the entire process of business research, and requires students to
develop, design and defend a research proposal before a panel. The research paper is
to be completed and defended in a 3-units course of Thesis Writing for BSA students
(THSBSA) in the following term. The course also covers contemporary developments in
the field of management accounting and strategic management accounting concepts. It
is an integrating course that allows students to use their learning, not only in other
accounting subjects but from various subjects in different disciplines.

Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP,

MODMIT1, and MODMIT2
Pre-requisite to: REVPRAA, REVPRAB, REVMANS, REVAUDI, REVDEVT,
REVIBLT, and REVSYNT

Fundamentals of IT and Systems Development (MODMIT1)

3 units
This course is designed to provide Accountancy students with basic knowledge of
systems development which specifically covers planning, analysis, design, and
implementation. This course begins with an integration of previously learned IT
concepts starting from data and information concepts to networks and electronic
commerce. It then proceeds to an in-depth discussion of issues in systems development
highlighting systems strategy, project initiation, in-house systems development,
commercial packages, and maintenance and support. In the light of creating and adding
value to business organization by assessing the current system and looking for
opportunities for improvement, this course ultimately aims to develop students to
become competent systems analysts.

Pre-requisite: LBYACC2, MODFIN1, MODFIN2, MODFIN3, MODFIN4,

MODCOS1, and MODCOS2
Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and
MODAUDT

Accounting Information System (MODMIT2)

3 units
This course examines the design, operations, risks, and controls of accounting
information systems. Emphasis is placed on financial transaction cycles and core
business processes, with focus on the risks and controls involved in the processing of
financial transactions in a computerized environment. This also considers current issues
on accounting information systems that have ethical considerations and practical
applications.

Pre-requisite: LBYACC2, MODFIN1, MODFIN2, MODFIN3, MODFIN4,

MODCOS1, and MODCOS2
Pre-requisite to: MODMGT1, MODMGT2, MODAUD1, MODAUD2, and
MODAUDT

Audit Practicum (PRCBSA1)

3 units
It is an internship program which aims to provide the students with audit and/or auditrelated training exposure to bridge the gap between the theories in the classroom and
experience in actual audit and/or audit-related work. The program is conducted in
collaboration with auditing firms and non-auditing firms in their internal audit
departments. The student-interns are required to complete a minimum of 150 working
hours in their assigned companies.

Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP,

MODMIT1, and MODMIT2
Pre-requisite to: None

Review: Auditing Theory and Problems (REVAUDI)

3 units
This course covers the TRANSACTION CYCLE APPROACH auditing which includes
the revenue, expenditure, production, investing and financing cycles. It also deals with

the comprehensive review of Auditing Theory and Problems based on the Revised CPA
Auditing Theory and Problems Syllabi.

Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT,

LBYMODT, TAXINCO, TAXBUSI, PARTCOR, SALESBA, NOGOTIN, THSBSAF
Pre-requisite to: None

Development and Enhancement in Accounting: Theory and Practice (REVDEVT)

3 units
This is an integrating course which discusses updates regarding theory of accounts and
auditing theory. This is taken by BSA students in their final term of study.

Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT,

LBYMODT, TAXINCO, TAXBUSI PARTCOR SALESBA NOGOTIN THSBSAF
Pre-requisite to: None

Review: Business Law and Taxation (REVIBLT)

3 units
This is an integrating course which strengthens the students' knowledge and
understanding of pertinent legal provisions, general principles, concepts and underlying
philosophy of law and the legal implications of business transactions, business
associations and negotiable instruments, particularly as they relate to accounting and
auditing situations. The course also covers review of the theory and principles of
Philippine taxation. Specifically, it covers income taxation, transfer (estate and donor's
tax) and business (value-added and other percentage taxes) taxation, community tax,
additions to tax, compliance requirements, tax remedies, and the power and authority of
the Commissioner of Internal Revenue.

Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT,

LBYMODT, TAXINCO, TAXBUSI, PARTCOR, SALESBA, NOGOTIN, THSBSAF
Pre-requisite to: None

Review: Management Advisory Services (REVMANS)

3 units
This course is the last of a series of courses integrating all the topics under
Management Services. The subject areas covered are divided into the following
submodules namely: Introduction and Basic Concepts Module, Cost Concepts and
Application Module, Profit Planning and Performance Evaluation Module, Decision
Making Module, and Financial Management Module. The outline of the topics is
harmonized with the CPA Licensure Examination Syllabus for Management Services.

Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT,

LBYMODT, TAXINCO, TAXBUSI, PARTCOR, SALESBA, NOGOTIN, THSBSAF
Pre-requisite to: None

Review: Practical Accounting 1 (REVPRAA)

3 units
This course reviews the nature, functions, scope, and limitations of the broad field of
accounting theory. It deals with the study of the theoretical accounting framework
objectives of financial statements, accounting conventions, and generally accepted
accounting principles, standard setting process for accounting practice, national as well
as international principles relating to the preparation of financial statements, the
conditions under which they may be appropriately applied, their impact or effect on the
financial statements; and the criticisms commonly leveled against them.

Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT,

LBYMODT, TAXINCO, TAXBUSI, PARTCOR, SALESBA NOGOTIN, THSBSAF
Pre-requisite to: None

Review: Practical Accounting 2 (REVPRAB)

3 units
This course reviews the concepts and theory behind cost accounting and advance
accounting topics.

Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT,

LBYMODT, TAXINCO, TAXBUSI, PARTCOR, SALESBA, NOGOTIN, THSBSAF

Pre-requisite to: None

Accounting Synthesis (REVSYNT)

1 unit
This is a one-unit course that provides an integrating framework and experiences for
understanding the roles of accountants, their functions, and how they fit within the
context of business and the larger environment. Students will acquire knowledge and
develop the skills necessary to be effective in organizations and to learn general
principles associated with their profession as accountants.

Pre-requisite: MODMGT1, MODMGT2, MODAUD1, MODAUD2, MODAUDT,

LBYMODT, TAXINCO, TAXBUSI, PARTCOR, SALESBA, NOGOTIN, THSBSAF
Pre-requisite to: None

Statistics for Accountants (STATACC)

3 units
A first course in business statistics that covers basic statistical concepts and methods in
descriptive statistics and basic statistical inference. The practical orientation of this
course helps students to relate statistics to real-life problems. It also provides students
the opportunity to use Microsoft Excel in performing statistical visual presentations and
computations.

Pre-requisite: BUSMATH
Pre-requisite to: LBYACC2

Final Thesis Writing and Defense (THSBSAF)

1.5 units
In this course, the BSA students are required to complete their thesis and successfully
defend it before a THESIS PANEL.

Pre-requisite: THSBSAP
Pre-requisite to: None

Thesis Proposal (THSBSAP)

1.5 units
In this course, BSA students will be assigned a mentor to help them develop and defend
their proposal before a Thesis Proposal Defense panel.

Pre-requisite: ACFINA2, MODADV1, MODADV2, MODADV3, MODAUDP,

MODMIT1, and MODMIT2
Pre-requisite to: None