St.

Mary’s College of Catbalogan

Formerly Sacred Heart College
Office of the Assistant, Dean of College

OUTCOME-BASED EDUCATION ALIGNED SYLLABUS

In INTERMEDIATE ACCOUNTING 2
1st Semester, Calendar Year 2021 to 2022
I. Course Code: Accounting 10

II. Course Description:

Intermediate accounting deals with the preparation and presentation of financial reports in accordance with the financial reporting framework. It
covers understanding and application of accounting standards relating to nature and composition of accounts, initial recognition, measurement, and
presentation in the financial statements. This course is the second of the three-part series of intermediate accounting courses. This equips the learners with a
thorough understanding of the accounting and financial statement presentation of inventories, property, plant and equipment, intangibles, investment
property, biological assets and non-current assets held for sale.

III. Course Units: 3 Units total

IV. Course Pre-Requisite: Intermediate Accounting I
V. Contact Hours: 3 HRS/WEEK
VI. Instructor:
VII. Integration:
VIII. SMCC Vision, Mission and Core Values

Vision

We, the community of St. Mary’s College of Catbalogan, bearing the Ignacian Marian identity, witness to the loving compassion of Jesus and participate in the
transformation of society into new path s through academic excellence and humble service.

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 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

Mission

We commit ourselves to:

1. Promote a culture of appreciation, support and harmony for our school to be leaven of social transformation;
2. Grow in discernment, interior freedom and ethical and corporate responsibility;
3. Pursue constantly innovate programs, approaches and educational strategies to develop world class professionals;
4. Form Ignacian-Marian leaders who witness to faith, excellence and service in varied socio-cultural settings;
5. Build up resources and capabilities to sustain the ministry; intensify our educational thrust for the poor.

Core Values
1. Faith- Finding God in all things, living in the Christian, Marian, and Igncian faith as one relates to self, family, peers, and community through prayer and
liturgical celebration.
2. Excellence- Pursuing high standards in harnessing capabilities to handle life challenges.
3. Service- Sharing ones’ self generously, going beyond what is asked and expected.

IX. College Department Goal

Higher Education shall have the following objectives;

1. To provide a general education program that will assist each individual to develop his/her potential as a human being, enhance the quality citizen participation in
the basic functions of society, and promote in each student sense of national identity, cultural consciousness, and moral integrity and spiritual vigor.
2. to train the nation’s manpower in the required skills for national development, and to instill and foster the appropriate and relevant attitudes, skills and knowledge
to enable each individual to become a useful, productive and gainfully employed number of societies.
3. To develop and maintain the integrity of the professions or disciplines that will provide leadership for the nation.
4. To advance the frontiers of knowledge through research work, and apply the technology gained for improving the quality of human life and responding
effectively for changing societal needs and conditions.

Corner Mabini and Del Rosario Streets, Catbalogan City,6700 |Telefax: (055) 543-8192 | Website: www.smcc.edu.ph | Email:[email protected]
 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

X. Program Outcomes

Program Graduate Outcomes Integration Link to MV-CV

Common to All Programs in All types of School
1. Articulate and discuss the latest developments in the specific field of practice. PCSS: Committed to Integral Excellence
Human Formation JEEPGY:
Engage Citizenship
2. Communicate effectively in writing, speaking, and presenting using culturally appropriate PCSS: Promoting Dialogue of Excellence & Service
language. Faith & Life & Culture
JEEPGY: Engage Citizenship
3. Work effectively in teams, in collaboration with other disciplines and multi-cultural teams. PCSS: Engage in the Service of Service
the Church & Society with
preferential Option for the poor
JEEPGY: Youth Empowerment
4. Practice the profession in accordance with existing laws, social, moral and/or ethical PCSS: Committed to Integral Excellence
responsibility. Human Formation JEEPGY:
Gender equality
5. Act as responsible citizen and show pride of being Filipino by preserving and promoting and cultural heritage. PCSS: Faith & Service
Filipino historical and cultural heritage. Promoting Dialogue of Faith &
Life & Culture JEEPGY: Engage
Citizenship
Common to All RVM Program Graduates Outcomes of Saint Mary’s College of Catbalogan
Communicate and collaborate effectively
6. Communicate ideas, opinions, perspective, aspirations, and knowledge as great contribution to PCSS: Committed to Integral Faith and Services
human development and while doing so, uses appropriate, honest and precise language and Human Formation JEEPGY:
considers the contribution and giftedness of others with hearts and minds focused on the Engage Citizenship
commitment to serve humanity and glorify God as the model of Communicator by speaking the
truth that emanates from the person of Jesus.
Think critically and creative

Corner Mabini and Del Rosario Streets, Catbalogan City,6700 |Telefax: (055) 543-8192 | Website: www.smcc.edu.ph | Email:[email protected]
 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

7. Evaluate and judge universal issues: their cause and effect to human development their PCSS: Committed to Integral Excellence and Service
intellectual and spiritual morality-transcending from mediocrity to genuine excellence; Human Formation JEEPGY:
deciphering views and opinions of self and others between moral, ethical and intellectual and Engage Citizenship
immoral and unethical as basis in making faith-based decisions
Uphold social and ethical responsibility and civic consciousness
8. Uphold social justice, integrity, equity, credibility and responsibility for all human person and PCSS: Engage in the Service of Service
belief in their human potentials and giftedness, diversity and multi-cultural competence to bring the Church & Society with
about a productive, honest and compassionate citizenry with high regard for the common good. preferential Option for the poor
JEEPGY: Justice and Peace
Demonstrate personal responsibility and professionalism
9. Demonstrate personal transformation in order to uplift their conditions physically, morally, PCSS: Committed to Integral Faith and Excellence
spiritually and psychologically for oneself and others through continuous and meaningful learning Human Formation JEEPGY:
and enhanced professional competence brought about by the vast experiences from other wide Justice and Peace
realities within the family in school, in community, in society and the church.
Manifest lifelong learning and career skills.
10. Manifest strong will and determination to face the tasks and responsibilities in dealing with PCSS: Distinguished by a Excellence & Service
complex life realities with the goal of making lives better for the self and others using the Culture of Excellence JEEPGY:
knowledge, skills, competencies, and strong values and virtues lived, with God as the center of all Poverty Reduction
endeavors.
Use Information Technology Responsibility
11. Make judicious use of information technology in the acquisition and utilization of knowledge PCSS: Animated by the Spirit of Faith & Service
to spread the Gospel values and advance the common good. Communion JEEPGY: Justice
and Peace
Specific to a sub-discipline and a major (Bachelor of Science in Accountancy)
12. Demonstrate working knowledge in the areas of financial accounting and reporting, cost PCSS 1-8 Excellence & Service
accounting and management, management accounting, auditing, accounting information systems
and accounting research.
13. Demonstrate self-confidence in performing functions as a professional accountant. PCSS 1-8 Excellence & Service
14. Employ technology as a business tool in capturing financial and non-financial information, PCSS 1-8 Excellence & Service

Corner Mabini and Del Rosario Streets, Catbalogan City,6700 |Telefax: (055) 543-8192 | Website: www.smcc.edu.ph | Email:[email protected]
 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

preparing reports and making decisions.

15. Apply acquired knowledge and skills to pass professional licensure/certification examinations. PCSS 1-8 Excellence & Service
16. Appraise ethical problems / issues in practical business and accounting situations and PCSS 1-8 Excellence & Service
recommend appropriate course of action that adheres to the professional code of ethics.
17. Articulate and discuss the latest developments in the specific field of practice PCSS 1-8 Excellence & Service

XI. Course Learning Outcome

COURSE LEARNING OUTCOMES PROGRAM OUTCOMES

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17
C.O.1.1 Plan an actual based activities using accounting principles and ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔
concepts learned.
C.O.1.2 Apply accounting principles and concepts through problem solving ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔
activities.
C.O.1.3 Formulate financial reports. ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔
C.O.2.0 Perform self-assessment to identify one’s strengths and weaknesses ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔
C.O.3.0 Plan a comprehensive review applying accounting concepts to pass ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔
standardized test.
C.O.4.0 Take the simulated actual licensure exam. ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔
C.O.5.1 Develop a plan on responsibilities that accept accountability on ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔
consequences affecting business and accounting ethical issues.
C.O.5.2 Assess how organizations adheres to the ethical issues. ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔
C.O.5.3 Act upon the consequential business and accounting ethical issues. ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔
C.O.5.4 Conform to the professional code of ethics governing the ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔

Corner Mabini and Del Rosario Streets, Catbalogan City,6700 |Telefax: (055) 543-8192 | Website: www.smcc.edu.ph | Email:[email protected]
 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

performance of professional activities and tasks.

C.O.6.1 Identify the latest developments in accounting. ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔

C.O.6.2 Conduct seminars and training regarding the latest developments in ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔

accounting.
C.O.6.4 Perform and evaluate through practical applications. ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔ ✔
*Note: Please refer to CHED CMO

XI. COURSE CONTENT

CO INTENDED DETAILED COURSE CONTENT TEACHING AND STRATEGIES ASSESSMENT TIME

LEARNING LEARNING TASK FRAME
OUTCOMES ACTIVITIES
1-6.4 1. To be able to INVENTORIES  Lecture  Lecture  Quiz 1st Week
define inventories - Definition of inventories  Discussion  Discussion  Assignments
and its presentation - Classes of inventories  Problem  Problem  Theoretical
and measurement - Goods includible in inventory Solving Solving and
To be familiarized - Goods in transit Exercises Exercises Computational
the different - Freight collect and freight prepaid Recitation
classes of - FOB destination and FOB shipping point
inventory and its - Maritime shipping terms – FAS, CIF and
method of ex-ship
recording and - Statement presentation of inventories
presentation - Periodic and perpetual system
- Trade discount and cash discount
- Gross method and net method of
recording purchases
- Cost of inventories
a. Cost of purchase

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 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

b. Cost of conversion
c. Other cost
Cost of inventories of a service provider
1-6.4 To be familiarized INVENTORY COST FLOW  Lecture  Lecture  Quiz 1st Week
with the different - FIFO  Discussion  Discussion  Assignments
method of inventory - Average method  Problem  Problem  Theoretical
costing - Specific identification Solving Solving and
- LIFO Exercises Exercises Computational
- Standard cost Recitation
Relative sales price method
1-6.4 1. To be able to LOWER OF COST AND NET  Lecture  Lecture  Quiz 2nd week
familiarized with REALIZABLE VALUE  Discussion  Discussion  Assignments
the different - Measurement at lower of cost and NRV  Problem  Problem  Theoretical
methods of - Accounting for inventory writedown and Solving Solving and
measurement of reversal of writedown Exercises Exercises Computational
inventory - Purchase commitments Recitation
- Disclosures with respect to inventories
- Agricultural, forest and mineral products
Commodities of broker-traders
1-6.4 1. To be able to BIOLOGICAL ASSETS  Lecture  Lecture  Quiz 2nd week
define biological - Definition  Discussion  Discussion  Assignments
assets a. Biological assets  Problem  Problem  Theoretical
2. To be able to b. Agricultural produce Solving Solving and
enumerate the c. harvest Exercises Exercises Computational
different kind of - Examples of biological assets Recitation
biological assets - Agricultural activity
3. To be familiarized - Examples of agricultural activity
with the initial and - Features of agricultural activity
subsequent - Biological transformation

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 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

measurement of - Recognition of biological assets

biological assets - Recognition of agricultural produce
4. To be familiarized - Measurement of biological assets
with the - Measurement of agricultural produce
presentation of - Gain or loss from change in fair value of
biological assets biological assets and agricultural produce
1. - Agricultural land
- Biological assets attached to land
- Government grant related to biological
asset
- Animal-related recreational activity
- Bearer plants
Price change and physical change in fair value
1-6.4 To be familiarized GROSS PROFIT METHOD  Lecture  Lecture  Quiz 3rd week
with the gross profit - Use of estimate in inventory valuation  Discussion  Discussion  Assignments
method of accounting - Basic formula for gross profit method  Problem  Problem  Theoretical
inventory and its - Gross profit rate based on sales Solving Solving and
relation to sales - Gross profit rate based on cost Exercises Exercises Computational
Computation of cost of goods sold using gross Recitation
profit rate
1-6.4 To be familiarized RETAIL INVENTORY METHOD  Lecture  Lecture  Quiz 3rd week
with the retail - Information required for retail method  Discussion  Discussion  Assignments
inventory method of - Basic formula for retail method  Problem  Problem  Theoretical
accounting inventory - Conventional or conservative or LCNRV Solving Solving and
and its relation to sales approach Exercises Exercises Computational
- Average cost approach Recitation
FIFO approach
1-6.4 1. To be able to INVESMENT PROPERTY  Lecture  Lecture  Quiz 3rd week
define investment - Definition of investment property  Discussion  Discussion  Assignments

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 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

property - Definition of owner-occupied property  Problem  Problem  Theoretical

2. To be - Examples of investment property Solving Solving and
familiarized with - Property interest held by lessee Exercises Exercises Computational
the presentation - Partly investment and partly owner- Recitation
and measurement occupied
of investment - Property leased to affiliate
property - Recognition of investment property
3. To be able to - Measurement of investment property
enumerate all - Fair value of investment property
condition that - Inability to determine fair value of
should be meet in investment property
order for the asset - Measurement of transfer of investment
to be classified as property
investment - Derecognition of investment property
property Disclosures related to investment property
To be familiarized
with the accounting of
investment property
1-6.4 1. To be able to FUND AND OTHER INVESTMENT  Lecture  Lecture  Quiz 4rth
define fund and - Definition of und  Discussion  Discussion  Assignments week
other investment - Current fund  Problem  Problem  Theoretical
2. To be able to - Noncurrent fund Solving Solving and
enumerate the - Sinking fund Exercises Exercises Computational
different type of - Preference share redemption fund Recitation
funds - Plant expansion fund
3. To be - Replacement fund
familiarized with - Contingency fund
the proper - Insurance fund
presentation and - Annual contribution at the end of each

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 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

classification of year
funds - Annual contribution at the beginning of
To be able to each year
understand the relation - One-time contribution
of funds and Cash surrender value
investment
1-6.4 1. To be able to DERIVATIVE – Interest rate swap  Lecture  Lecture  Quiz 4th week
define derivative - Purpose of derivatives  Discussion  Discussion  Assignments
2. To be able to - Types of financial risk  Problem  Problem  Theoretical
enumerate the - What is a derivatives Solving Solving and
characteristics of - Characteristics of derivatives Exercises Exercises Computational
derivatives - Hedging Recitation
3. To be familiarized - Hedging instrument and hedged item
with the proper - Measurement of derivatives
presentation and - No hedging designation
measurement of - Fair value hedge
derivatives - Cash flow hedge
To be able to Interest rate swap
enumerate the
different kind of
derivatives
1-6.4 To be familiarized with DERIVATIVE – Forward, futures, option,  Lecture  Lecture  Quiz 5th week
the accounting and foreign currency  Discussion  Discussion  Assignments
measurement of - Forward contract  Problem  Problem  Theoretical
different classes of - Futures contract Solving Solving and
derivative in foreign - Call option Exercises Exercises Computational
currency - Put option Recitation
- Time value of option
- Foreign currency forward contract

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 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

Embedded derivative
1-6.4 1. To be able to PROPERTY, PLANT AND  Lecture  Lecture  Quiz 6th week
define property, EQUIPMENT(PPE)  Discussion  Discussion  Assignments
plant and - Definition of property, plant and  Problem  Problem  Theoretical
equipment equipment Solving Solving and
2. To be - Recognition of property, plant and Exercises Exercises Computational
familiarized with equipment Recitation
the proper - Measurement of property, plant and
accounting, equipment
recognition, - Elements of cost
presentation and - Acquisition of property
measurement of a. Cash acquisition
Property, plant b. On account subject to cash discount
and equipment c. Installment acquisition
3. To be d. Issuance of share capital
familiarized with e. Issuance of bonds payable
the different f. Exchange
mode of g. Donation
acquisition of h. Government grant
PPE i. construction
To familiarized with - Derecognition of property, plant and
the proper equipment
derecognition and - Fully depreciated property
reclassification of PPE - Property classified as held for sale
- Idle or abandoned property
Optional disclosures related to property, plant
and equipment
1-6.4 1. To be able to LAND AND BUILDING  Lecture  Lecture  Quiz 7th week
define land and - Land  Discussion  Discussion  Assignments

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 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

building a. Classification  Problem  Problem  Theoretical

2. To be familiarized b. Costs Solving Solving and
with the c. Land improvements Exercises Exercises Computational
classification, d. Special assessment Recitation
costs, land e. Real property taxes
improvement, - Building – costs when purchased and
special assessment constructed
and real property - Sidewalks, pavement, parking lot,
taxes of land and driveways
building - Claims for damages
3. To be able to - Building fixtures
define land - Ventilation system, lighting system,
improvements elevator
4. To be familiarized PIC Interpretation on land and builiding
with different
mode of
acquisition of
building
1. To be able to
differentiate land
improvements
and other
properties which
is part of the
building
1-6.4 1. To be able to MACHINERY – Capital and revenue  Lecture  Lecture  Quiz 8th week
enumerate all expenditure  Discussion  Discussion  Assignments
capitalizable cost - Cost of machinery acquired by purchase  Problem  Problem  Theoretical
in different mode - Tools Solving Solving and

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 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

of acquisition of - Pattern and dies Exercises Exercises Computational

machinery - Delivery equipment Recitation
2. To be familiarized - Store and office equipment
with the proper - Furniture and fixtures
accounting of - Returnable containers
additions, - Capital expenditure and revenue
improvements, expenditure
replacement, - Recognition of subsequent cost
repairs and - Additions, improvements or betterments,
rearrangement cost replacements, repairs, rearrangement cost
Accounting for major replacement
1-6.4 1. To be able to DEPRECIATION  Lecture  Lecture 9th week
describe to concept - Concept of depreciation  Discussion  Discussion
of depreciation - Depreciation in the financial statements  Problem  Problem
2. To be able to - Depreciation period Solving Solving
enumerate the - Physical depreciation Exercises Exercises
different method - Functional depreciation
of depreciation - Inadequacy, supersession and
3. To be able to obsolescence
enumerate all - Factors of depreciation
factors that - Methods of depreciation
indicate a. Straight line
depreciation b. Composite and group method
1.To be familiarized c. Working hours method
with the change in d. Output or production method
useful life and e. Sum of year’s digits
depreciation method f. Declining balance and double
of depreciation declining balance
g. Inventory, retirement and

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 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

replacement method
- Change in useful life
Change in depreciation method
1-6.4 1. To be able to DEPLETION  Lecture  Quiz 10th
define depletion, - Exploration and evaluation of mineral  Discussion  Assignments week
exploration, resources  Problem  Theoretical
evaluation and - Exploration and evaluation expenditures Solving and
wasting asset - Exploration and evaluation asset Exercises Computational
2. To be able to - Wasting asset Recitation
determine all - Acquisition cost
capitalizable cost - Exploration cost
and non- - Development cost
capitalizable cost - Estimated restoration cost
1. To be - Depletion and depletion method
familiarize - Trust fund doctrine
with the proper - Wasting asset doctrine
accounting and Maximum dividend under the wasting asset
reporting of doctrine
depletion
1-6.4 1. To be able to REVALUATION  Lecture  Quiz 11th
define revaluation - Cost model  Discussion  Assignments week
2. To be familiarized - Revaluation model  Problem  Theoretical
with the different - Frequency and basis of revaluation Solving and
methods and - Revalued amount Exercises Computational
approaches of - Fair value Recitation
revaluation - Replacement cost
1. To be - Depreciated replacement cost
familiarized - Revaluation surplus
with the proper - Carrying amount

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 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

accounting and - Appreciation

presentation of - Statement presentation and classification
revaluation of - Proportional approach
asses - Elimination approach
- Treatment of revaluation suplus
- Sale of revalued asset
Disclosures related to revaluation
1-6.4 1. To be able to IMPAIRMENT OF ASSETS  Lecture  Quiz 12th
define impairment - Definition of impairment  Discussion  Assignments week
of asset - Indication of impairment  Problem  Theoretical
2. To be able to - Measurement of recoverable mount Solving and
enumerate all - Fair value less cost of disposal Exercises Computational
indication of - Value in use Recitation
impairment - Recognition of impairment loss  Quiz
1. To be - Cash generating unit  Assignments
familiarized with - Corporate assets  Theoretical
the proper Reversal of impairment loss and
accounting and Computational
presentation of Recitation
impairment of
assets
1-6.4 1. To be able to INTANGIBLE ASSET  Lecture  Quiz 13th
define intangible - Definition of intangible asset  Discussion  Assignments week
asset - Essential criteria for intangible asset  Problem  Theoretical
2. To be able to - Recognition and acquisition of intangible Solving and
enumerate all asset Exercises Computational
essential criteria of - Initial measurement of intangible asset Recitation
intangible asset - Internally generated intangible asset
3. To be familiarized - Subsequent expenditure on intangible

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 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

with the initial and asset

subsequent - Identifiable intangible asset
measurement of - Unidentifiable intangible asset
intangible assets - Measurement after recognition
To be - Amortization of intangible asset
familiarized with - Amortization period
the proper - Useful life of intangible asset
accounting and - Amortization method
presentation of - Change in amortization method
intangible assets - Change in useful life
- Derecognition of intangible asset
- Disclosures related to intangible asset

1-6.4 To be able to SPECIFIC INTANGIBLE ASSETS  Quiz 14th

enumerate all kinds - Patent  Assignments week
of intangible assets - Trademark  Theoretical
and familiarize its - Goodwill and
proper accounting - Copyright Computational
treatment - Franchise Recitation
- Leasehold
- License
- Customer list

1. To be able to RESEARCH AND DEVELOPMENT COST  15th

define research - Research phase week
phase and - Development phase
development phase - Definition of research
2. To be able to - Definition of development
define research - Research activities

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 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

and development - Development activities

3. To be able to - Activities not considered research and
define research development
activity and - Accounting for research cost
development - Accounting for development cost
activity - Internally developed computer software
To be familiarized Web site development cost
with the proper
accounting of
research and
development cost

XII. GRADING SYSTEM

Major exams 30%

Quizzes 25%
Recitation/Class Participation 20%
Seatworks/Projects/Case Study 15%
Assignment 10%
Total 100%

XIII. CLASSROOM POLICY

Aside from academic deficiency, other grounds for a failing grade are:
Grave misconduct and/or cheating during examinations
Unexcused absences of more than 20% of required number of meetings per term
A failing academic standing and failure to take periodic graded exams (Prelim, Mid-term & Finals)

XIV. REQUIRED READING : Intermediate Accounting 1 & 2 by Conrado T.Valix 2020 Edition

Corner Mabini and Del Rosario Streets, Catbalogan City,6700 |Telefax: (055) 543-8192 | Website: www.smcc.edu.ph | Email:[email protected]
 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

Prepared by: Checked and Verified:

Name of the Instructor Program Head, ___________

Corner Mabini and Del Rosario Streets, Catbalogan City,6700 |Telefax: (055) 543-8192 | Website: www.smcc.edu.ph | Email:[email protected]
 St. Mary’s College of Catbalogan
Formerly Sacred Heart College
Office of the Assistant, Dean of College

Reviewed: Noted: Recommending Approval:

JUNAR S. DAPAPAC JASON P. TY JAKE C. ONTUCA

Research and Planning Officer Quality Assurance Assistant Dean of College

Approved:

S.MA. JESUSITA L. BERNATE, RVM

School President

Corner Mabini and Del Rosario Streets, Catbalogan City,6700 |Telefax: (055) 543-8192 | Website: www.smcc.edu.ph | Email:[email protected]