DOCUMENT: SYLLABUS COURSE: Conceptual Framework and Accounting Standards COPIES ISSUED TO:

College of Business and Accountancy

DATE OF EFFECTIVITY: 23 August 2021 COURSE CODE: BATHEOAX Learning Resource Center
Faculty

VISION CORE VALUES

We are National University, a dynamic private institution committed to nation building, 1. Integrity 2. Compassion 3. Innovation 4. Resilience 5. Patriotism
recognized internationally in education and research.
GRADUATE ATTRIBUTES INTENDED FOR
INSTITUTIONAL LEARNING OUTCOMES (ILOs)
MISSION NATIONALIANS (GAINs)
Guided by the core values and characterized by our cultural heritage of Dynamic Filipinism, 1. Conscientious and Reflective Leader a. Exhibit the capacity for self-reflection
National University is committed to providing relevant, innovative and accessible quality 2. Significant Contributor towards Social b. Exhibit the willingness to engage in self-appraisal
education and other development programs. Transformation c. Apply moral and ethical standards in leading others
We are committed to our: 3. Possessing an Entrepreneurial Mindset d. Express ideas effectively
4. Knowledge Creator e. Effectively use various ICT tools to convey ideas
STUDENTS, by molding them into life-long learners, ethical and spiritual citizens and self- 5. Competent Communicator and f. Participate actively in community-oriented advocacies that
directed agents of change. Collaborator contribute to nation building
FACULTY and EMPLOYEES, by enhancing their competencies, stimulating their passions, g. Produce alternative solutions, processes, and approaches
cultivating their commitment and providing a just and fulfilling work environment. h. Apply problem-solving skills
ALUMNI, by strengthening their sense of pride through engagement, loyalty and love for i. Provide solutions to challenges in respective areas of
their alma mater. specialization
INDUSTRY PARTNERS and EMPLOYERS, through active collaborations, providing them j. Work effectively in teams of different cultures
Nationalians who will contribute to their growth and development. k. Engage in continuing personal and professional development
COMMUNITY, by contributing to the improvement of life conditions and well-being of its
members.

ILOs
Program Learning Outcomes (PLOs) for B.S. in Accountancy-Related Programs
a b c d e f g h i j k
1. Resolve business issues and problems, with a global and strategic perspective using their knowledge and technical proficiency in the areas
of financial accounting and reporting, cost accounting and management, management accounting and control, taxation, and accounting ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
information systems
2. Conduct Accountancy/Management Accounting/Accounting Information System research through independent studies of relevant literature
and appropriate use of accounting theory and methodologies
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

3. Employ technology as a business tool in capturing financial and non-financial information, generating reports, and making decisions. ✓ ✓ ✓ ✓
4. Apply knowledge and skills that will enable them to successfully respond various types of assessments (including professional licensure and
certifications)
✓ ✓ ✓ ✓ ✓ ✓
5. Confidently maintain a commitment to good corporate citizenship, social responsibility, and ethical practice in performing functions as an
accountant.
✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓

COURSE DESCRIPTION

This course deals with international and generally accepted concepts, principles, and standards underlying financial accounting and reporting. The conceptual framework
comprises of the objectives of the preparation of financial statements, the qualities or attributes that make the financial statements more useful to the users, the elements of

BATHEOAX – Conceptual Framework and Accounting Standards Effective August 2021 Prepared by: Lester P. Acoba
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financial statements, and the concepts of capital and capital maintenance. The framework are the foundations, the postulates, or the bedrock of the preparers of the financial
statements, and a useful tool in the absence of an accounting standards that applies on a certain transaction of business organizations. On the other hand, accounting
standards are the generally accepted accounting principles, procedures, and policies in reporting each element of the financial statements – cash and cash equivalents,
receivables, investment in equity securities, debt securities, derivatives, and special purpose funds, inventories, intangibles, agricultural assets, property, plant and
equipment, investment property, liabilities, and owner’s equity.

PRE-REQUISITE(S)
BAINTE1X – Integrated Accounting Fundamentals
COURSE LEARNING OUTCOMES (CLO)

PLOs
At the end of the course, the student must be able to (CLO):
1 2 3 4 5
1. CLO1 –Understand the environment in the financial accounting and reporting; and understand and apply the
conceptual framework in the preparation of financial statements; and the accounting standards in the preparation of   
financial statements.
2. CLO2 – Understand, describe, and apply the principles and standards underlying the recognition, measurement,
presentation, and disclosure requirements of cash and cash equivalents and financial assets in the financial   
statements
3. CLO3 – Understand, describe, and apply the principles and standards underlying the recognition, measurement,
  
presentation, and disclosure requirements of non-financial assets in the financial statements
4. CLO4 – Understand, describe, and apply the principles and standards underlying the recognition, measurement,
presentation, and disclosure requirements of liabilities and owner’s equity, revenue and expenses in the financial   
statements.

CREDIT
3 Units
TIME ALLOTMENT
4 hours lecture every week

COURSE REQUIREMENTS
QUIZZES (40%) CLASS STANDING (10%) PERIODIC DEPARTMENTAL EXAMINATIONS (50%)
- Minimum of 4 major quizzes per grading period 1. Recitation
2. Others: - Midterm Departmental Examination
Midterm: Finals: i. Seatwork - Final Departmental Examination
Quiz No. 1 Quiz No. 5 ii. Attendance
Quiz No. 2 Quiz No. 6 iii. Board work
Quiz No. 3 Quiz No. 7 iv. Portfolio of Activities
Quiz No. 4 Quiz No. 8

BATHEOAX – Conceptual Framework and Accounting Standards Effective August 2021 Prepared by: Lester P. Acoba
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CLASS POLICIES
Face-to-Face Classes
1. Students are required to wear the prescribed uniform inside the school premises from Mondays through Fridays except Wednesdays. Wednesdays, Saturdays and
Sundays are washdays wherein students must wear dresses allowed and/or specifically instructed by the College Dean.
2. Students are required to always wear their school ID and assigned school ID lace inside the school premises.
3. Students must attend at least 80% of the total credit hours of the subject to be considered enrolled.
4. Cellular phones and other electronic communication devices are to be switched off or kept in silent mode during the class hours.
5. A student who fails to take any of the two major examinations may apply for a special examination upon establishing to the satisfaction of the College Dean, through
supporting documents an incapacitating physical or mental condition, the death or serious illness of an immediate family member, or other exigencies.
6. Cheating in any form before or during an examination, test or written reports is prohibited.

Online Classes
1. Students are encouraged to attend in online meetings.
2. Students are encouraged to read through course materials in advance to facilitate easier understanding during synchronous meetings.
3. Students should contact their professor the soonest in case of expected or actual failure to accomplish course requirements within established deadline due to
circumstances beyond his/her control.
4. Students are encouraged to raise their concerns to their professor during the class schedule. They may, however, do so beyond said time schedule if the professor
expressly allows so. Students should also consider unavailability of the professor to immediately response to student concerns if raised during untimely hours.
5. Students are encouraged to contact their professors via the preferred medium of MS Teams.
6. Cheating in any form before or during an examination, test or written reports is prohibited.

GRADING SYSTEM
MIDTERM GRADE COMPUTATION: TENTATIVE FINAL GRADE COMPUTATION: FINAL GRADE:
Quizzes 40% Quizzes 40%
Class Standing 10% Class Standing Midterm Grade = 40%
Attendance Attendance Tentative Finals Grade = 60%
Assignments Assignments Final Grade = 100%
Seatwork / Boardwork Seatwork / Boardwork 10%
Periodic Examination 50% Periodic Examination 50%
Midterm Grade 100% Tentative Final Grade 100%

COURSE CONTENTS

COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES
1 CLO1 At the end of the session, the learners will be able Goal Setting and Proper Planning » Discussion » Syllabus
to: - University and College » University
1. Oriented to the school policies and the vision and mission Manual and
course. - Classroom policies Handbook
2. Explain institutional philosophies, values and - Goal setting and course

BATHEOAX – Conceptual Framework and Accounting Standards Effective August 2021 Prepared by: Lester P. Acoba
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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES
policies, examine the goal setting created in planning
the light of undertakings in this course, and
apply the institutional values in the life–long
pursuit of the professional career.
Topic 1: The Accountancy Synchronous: » Syllabus Formative
1. Understand and explain the environment of Profession » Discussion » Textbook Assessment:
financial accounting and reporting 1. Definition of Accounting » Illustrative Cases » LCD Projector » Assignment
2. Understand, explain and apply the 2. The Accountancy Profession – » Hand-outs » Seatwork
conceptual framework in relation to Public accounting, Private » Recitation
objectives of preparing the financial accounting and government Asynchronous
statements, and the qualities or attributes in accounting » Video Lecture
preparing financial statements 3. Limitation of the practice of » Case Study Summative
3. Understand, explain and apply the public accountancy Assessment:
conceptual framework in relation to elements 4. Accreditation to practice public » Online/Pen-
of financial statements, its recognition, accountancy and- Paper
derecognition and measurement; concepts of 5. Continuing Professional Exam (Quiz &
capital and capital maintenance Development and CPD Credit Midterm
Units Examination)
6. Generally Accepted Accounting
Principles
7. Different Accounting Bodies
that Promulgate IFRS and
PFRS

Topic 2: The Conceptual

Framework
1. Financial Reporting and
Assumptions
2. Qualitative Characteristics
3. Elements of Financial
Statements

NU Core Value: Integrity, Innovation

2 CLO1 At the end of the session, the learners will be able Topic 3: Preparation of Financial Synchronous: » Syllabus Formative
to: Statements (PAS 1) » Discussion » Textbook Assessment:
1. Understand, explain and apply the 1. General purpose financial » Illustrative Problems » LCD Projector » Assignment
accounting standards in the preparation of statements, its purpose, » Additional » Seatwork
financial statements (PAS1) structure, contents, and overall Hand-out » Recitation
2. Understand the nature and purpose of a consideration, complete set of Asynchronous Materials
Statement of Cash Flows, the concept and financial statements » Video Lecture Summative
components of Cash and Cash Equivalents 2. Statement of financial position » Problem Sets Assessment:
and Know the classifications of cash flows as 3. Statement of profit or loss and » Online/Pen-and-
operating, investing and financing other comprehensive Income Paper Exam
4. Statement of changes in equity (Quiz & Midterm
5. Statement of cash flows Examination)

BATHEOAX – Conceptual Framework and Accounting Standards Effective August 2021 Prepared by: Lester P. Acoba
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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES
6. Disclosure of accounting
policies

Topic 4: Statement of Cash Flows

(PAS 7)
1. Definition of Statement of Cash
Flows
2. Cash and Cash Equivalents
3. Operating, Investing and
Financing Activities
4. Non-cash Investing and
Financing Activities

NU Core Value: Integrity

3 CLO1 At the end of the session, the learners will be able Topic 5: Financial Instruments Synchronous: » Syllabus Formative
CLO2 to: Framework (PFRS 9 and PAS 32) » Discussion » Textbook Assessment:
1. Understand and explain financial 1. What are financial » Illustrative Problems » PAS 1 » Assignment
instruments, what constitutes it, and the instruments? » LCD Projector » Seatwork
types of financial instruments 2. Receivables, classification, » Additional » Recitation
2. Know, explain when to recognize the recognition and measurements Asynchronous Hand-out
financial assets and financial liabilities, its 3. Uncollectible or impaired » Video Lecture Materials Summative
measurements, derecognition, and accounts » Case Study Assessment:
reclassifying 4. Recognition of Expected Credit » Problem Sets » Online/Pen-and-
Losses Paper Exam
5. What are financial assets? (Quiz & Midterm
financial liability? Examination)
6. What is an equity instrument?
7. What are non – financial
assets?
8. Recognition of financial asset,
and liability
9. Financial assets and liabilities
classification, measurement,
reclassification, derecognition,
gains and losses

Topic 6: Investment in Associates

(PAS 28)
1. Definition of Associate and
Significant Influence
2. Equity method of Accounting
3. Excess cost and excess fair
value
4. Impairment of investment in
associates

BATHEOAX – Conceptual Framework and Accounting Standards Effective August 2021 Prepared by: Lester P. Acoba
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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES
5. Discontinuance of equity
method
6. Equity method not applicable

NU Core Value: Integrity Industry

4 CLO1 At the end of the session, the learners will be able Topic 7: Inventories (PAS 2) and Synchronous: » Syllabus Formative
CLO2 to: Agricultural Assets (PAS 41) » Discussion » Textbook Assessment:
CLO3 1. Define inventory, identify its classes, 1. Inventories, definition, » Illustrative Problems » PFRS # 9 » Assignment
inclusion and exclusion in inventory, classification, measurements, » LCD Projector » Seatwork
determine the cost of inventory, and exclusion and net realizable » Additional » Recitation
inventory valuation. value Asynchronous Hand-out
2. Define biological assets, know when to 2. Agricultural assets, definition, » Video Lecture Materials
recognize biological assets or agricultural recognition, measurements, » Case Study Summative
produce, explain the gains and losses arising gain and losses, government » Problem Sets Assessment:
from agricultural transactions grants » Online/Pen-and-
3. Know the basic principle for the recognition Paper Exam
of impairment, understand the concept of fair Topic 8: Impairment of Assets (Quiz & Midterm
value less cost of disposal and value in use, (PAS 36) Examination)
know the measurement of recoverable 1. Definition, indication,
amount, recognize an impairment loss and its measurement of impairment
reversal, and understand the concept of cash and recoverable amounts
generating unit. 2. Fair Value less cost of disposal
and Value in Use
3. Recognition and Reversal of
Impairment Loss
4. Definition and Impairment of
Cash Generating Unit

NU Core Value: Integrity

5-6 CLO1 At the end of the session, the learners will be able Topic 9: Property Plant and Synchronous: » Syllabus Formative
CLO2 to: Equipment (PAS 16), Government » Discussion » Textbook Assessment:
CLO3 1. Define property, plant and equipment, Grant (PAS 20) and Borrowing » Illustrative Problems » PAS » Assignment
identify its classes, inclusion and exclusion in Costs (PAS 23) » LCD Projector » Seatwork
property, plant and equipment. 1. Definition, nature, » Additional » Recitation
2. Explain the recognition, measurements of classification, of property, plant Asynchronous Hand-out
property, plant, and equipment. and equipment » Video Lecture Materials Summative
3. Determine the components/ elements of cost 2. Recognition, measurements at » Case Study Assessment:
included in the property, plant and equipment initial recognition. Problem Sets » Online/Pencil-
4. Know when and how to record the acquisition 3. Components and elements of Paper test (Quiz
by purchase of property, plant, and costs & Midterm
equipment 4. Valuation of specific property, Examination)
5. Describe the accounting treatment for cost plant, and equipment items
incurred subsequent to acquisition (Equipment, Land
6. Understand the standards in the revaluation improvements, leasehold
of property, plant, and equipment improvements, natural

BATHEOAX – Conceptual Framework and Accounting Standards Effective August 2021 Prepared by: Lester P. Acoba
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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES
7. Define and know the recognition of a resources, bearer plants
government grant, identify the classifications, 5. Subsequent expenditures
know the proper accounting treatment and 6. Measurement after recognition
distinguish government grant from 7. Depreciation, depletion,
government assistance. impairment, revaluation
8. Know the concept of qualifying asset for 8. Government Grants –
purposes of capitalization of borrowing costs, Definition, Recognition,
understand the proper accounting treatment Measurement and Disclosures
of borrowing costs, distinguish specific 9. Borrowing Costs – Definition,
borrowing and general borrowing in relation Recognition, Measurement and
to capitalization of borrowing costs. Disclosures
9. Define Intangible Assets
10. Explain the recognition, measurements of Topic 10: Intangible Assets (PAS
Intangible Assets 38)
11. Determine the components/ elements of cost 1. Definition, nature,
included in Intangible Assets classification, of
12. Describe the accounting treatment for cost 2. Measurements at initial
incurred subsequent to acquisition of recognition of Intangibles
Intangible assets 3. Subsequent expenditures for
13. Explain the concept of Amortization of Intangibles
Intangible Assets 4. Amortization of Intangibles

NU Core Value: Integrity

7 MIDTERM EXAMINATION

8 CLO1 At the end of the session, the learners will be able Topic 11: Investment Property Synchronous: » Syllabus Formative
CLO2 to: (PAS 40), Exploration for and » Discussion » PAS, PFRS Assessment:
CLO3 1. Define investment property, identify its Evaluation of Mineral Resources » Illustrative Problems » Textbook » Assignment
classes, inclusion and exclusion in (PFRS 6); Non-current assets » LCD Projector » Seatwork
investment property. held for sale and Discontinued » Additional » Recitation
2. Understand when and how to measure Operations (PFRS 5) Asynchronous Hand-out
investment property 1. Definition, nature, » Video Lecture Materials
3. Know the proper treatment for subsequent classification, recognition, » Case Study Summative
expenditures related to investment property. measurement at initial Problem Sets Assessment:
4. Apply the cost model or fair value model to recognition, and exclusions » Online/Pencil-
investment property; from capitalized cost. Paper test (Quiz
5. Explain the accounting treatment for 2. Measurement subsequent to & Midterm
exploration and evaluation of mineral initial recognition (Fair value Examination)
resources assets relative to their recognition, model and cost model)
measurement, presentation and disclosure 3. Disposal of investment property
6. Identify non-current assets (or disposal 4. Concept of exploration and
groups) held for sale or as held for evaluation of mineral
distribution to owners; apply the recognition resources; its recognition and
and measurement standards to non – current measurement, presentation,

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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES
assets held for sale and disclosures.
7. Explain the accounting treatment for 5. Definition, classification,
impairment losses as well as subsequent measurement of non-current
recovery of assets held for sale assets held for sale
8. Know the presentation and disclosure 6. Recognition of impairment
requirements for discontinued operations of losses and reversals,
non-current assets held for sale 7. Presentation and disclosures
9. Understand the concept and know the 8. Definition and presentation of
presentation of a discontinued operation in discontinued operation
the financial statements.
NU Core Value: Integrity
9 CLO1 At the end of the session, the learners will be able Topic 12: Provision, Contingent Synchronous: » Syllabus Formative
CLO2 to: Liability and Asset (PAS 37) » Discussion » Textbook Assessment:
CLO3 1. Understand the nature of a provision, know 1. Definition, nature, » Illustrative Problems » PAS, PFRS » Assignment
CLO4 the conditions for the recognition of a classification, recognition, » LCD Projector » Seatwork
provision, know the measurement of a measurement of provisions » Additional » Recitation
provision and understand the nature of a 2. Contingent Liabilities and their Asynchronous Hand-out
contingent liability and contingent asset. Treatment » Video Lecture Materials
2. Know the optional application of operating 3. Contingent Assets and their » Case Study Summative
lease on the part of lessee, Recognize a right Treatment Problem Sets Assessment:
of use asset in a finance lease on the part of » Online/Pencil-
lessee, Recognize a lease liability in a Topic 13: Leases (PFRS 16) Paper Test
finance lease on the part of lease, Identify 1. Definition, nature, (Quiz & Final
the criteria in determining a finance lease on classification, recognition, Examination)
the part of the lessor. measurement of leases
2. Operating Lease and Finance
Lease Models
3. Measurement of Right of Use
Asset
4. Measurement of Lease Liability
5. Operating Lease and Finance
Lease Models for Lessor

NU Core Value: Integrity

CLO1 At the end of the session, the learners will be able Topic 14: Income Taxes (PAS 12) Synchronous: » Syllabus Formative
CLO2 to: 1. Accounting Income and » Discussion » Textbook Assessment:
CLO3 1. Distinguish permanent differences and Taxable Income » Illustrative Problems » PAS, PFRS » Assignment
CLO4 temporary differences between accounting 2. Permanent and Temporary » LCD Projector » Seatwork
income and taxable income. Differences » Additional » Recitation
10 2. Identify temporary differences that result to a 3. Deferred Tax Liability and Asynchronous Hand-out
deferred tax liability and deferred tax asset. Deferred Tax Asset » Video Lecture Materials
3. Know the recognition and measurement of 4. Measurement of Deferred Tax » Case Study Summative
deferred tax asset and deferred tax liability Asset and Liability Problem Sets Assessment:
4. Identify employee benefits; know the » Online/Pencil-
recognition and measurement of short-term Topic 15: Employee Benefits Paper Test

BATHEOAX – Conceptual Framework and Accounting Standards Effective August 2021 Prepared by: Lester P. Acoba
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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES
benefits and postemployment benefits. (PAS 19) (Quiz & Final
5. Distinguish defined contribution plan and 1. Definition of Employee Benefits Examination)
defined benefit plan. 2. Recognition and Measurement
6. Understand the relationship between fair of Short-term Employee
value of plan assets and projected benefit Benefits
obligation. 3. Postemployment benefits
4. Defined contribution and
benefit plan
5. Service cost, net interest and
remeasurement
6. Fair Value of plan assets
7. Projected benefit obligation
8. Other long-term employee
benefits
9. Termination benefits

NU Core Value: Integrity

CLO1 At the end of the session, the learners will be able Topic 16: Accounting Policies, Synchronous: » Syllabus Formative
CLO2 to: Estimates and Errors (PAS 8) and » Discussion » Textbook Assessment:
CLO3 1. Understand the concept and know the Events after the Reporting Date » Illustrative Problems » PAS, PFRS » Assignment
CLO4 recognition and reporting of a change in (PAS 10) » LCD Projector » Seatwork
accounting policy 1. Definition of Accounting Policy » Additional » Recitation
2. Understand the concept and know the and treatment to changes in Asynchronous Hand-out
recognition and reporting of a change in accounting policy » Video Lecture Materials
accounting estimate 2. Definition of Accounting » Case Study Summative
3. Understand the concept and know the Estimate and treatment to Problem Sets Assessment:
recognition and reporting of prior period change in accounting estimate » Online/Pencil-
errors 3. Prior Period Errors Paper Test
4. Understand the concept and know the types 4. Definition of events after (Quiz & Midterm
11 of events after the reporting period reporting period Examination)
5. Understand the recognition of adjusting and 5. Adjusting and Non-adjusting
non-adjusting events Events
6. Understand the concept of related parties.
7. Know the requirement for disclosure of Topic 17: Related Party
related party relationship and related party Disclosures (PAS 24)
transactions 1. Definition and Examples of
related parties
2. Required disclosure about
related party transactions
3. Examples of unrelated parties

NU Core Value: Integrity

CLO1 At the end of the session, the learners will be able Topic 18: Earnings Per Share Synchronous: » Syllabus Formative
12
CLO2 to: (PAS 33), Interim Financial » Discussion » Textbook Assessment:
CLO3 1. Define and know the proper presentation of Reporting (PAS 34), Operating » Illustrative Problems » PAS, PFRS » Assignment

BATHEOAX – Conceptual Framework and Accounting Standards Effective August 2021 Prepared by: Lester P. Acoba
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 COURSE
TOPIC LEARNING
WEEK LEARNING TOPICS METHODOLOGY RESOURCES ASSESSMENT
OUTCOMES
OUTCOMES
CLO4 earnings per share Segments (PFRS 9) » LCD Projector » Seatwork
2. Know the formula in computing basic 1. Definition and proper » Additional » Recitation
earnings per share and diluted earnings per presentation of earnings per Asynchronous Hand-out
share share » Video Lecture Materials
3. Determine the weighted average number of 2. Basic earnings and Basic loss » Case Study Summative
ordinary shares per share Problem Sets Assessment:
4. Identify potential ordinary shares in 3. Diluted earnings and diluted » Online/Pencil-
computing diluted earnings per share loss per share Paper Test
5. Know the basic principles of interim financial 4. Potential ordinary Shares and (Quiz & Final
reporting and identify its components Presentation of earnings per Examination)
6. Able to prepare and present comparative share
interim financial statements 5. Definition and frequency of
interim reporting
6. Component of interim financial
report
7. Basic principles of interim
reporting
8. Definition of operating
segment, criteria for a
reportable operating segment
and its related disclosure
9. Chief Operating decision maker

NU Core Value: Integrity

CLO1 At the end of the session, the learners will be able Topic 11: Share Based Payment Synchronous: » Syllabus Formative
CLO2 to: (PFRS 2) and Fair Value » Discussion » Textbook Assessment:
CLO3 1. Define a share-based compensation plan Measurement (PFRS 13) » Illustrative Problems » PAS, PFRS » Assignment
CLO4 2. Understand the recognition and 1. Equity settled and cash settled » LCD Projector » Seatwork
measurement of share options share-based payment » Additional » Recitation
3. Understand a cash-settled share-based 2. Definition, recognition and Asynchronous Hand-out
transaction measurement of Share Options » Video Lecture Materials
4. Know the recognition and measurement of 3. Definition, recognition and » Case Study Summative
13
share appreciation rights measurement of Share Problem Sets Assessment:
5. Define fair value of asset or liability appreciation rights » Online/Pencil-
6. Understand the meaning of active market, 4. Definition of Fair Value Paper Test
principal market and most advantageous 5. Valuation Method for (Quiz & Final
market measuring fair value Examination)
7. Describe the valuation techniques in 6. Fair Value Hierarchy
measuring fair value
8. Know the fair value hierarchy NU Core Value: Integrity

13.5 FINAL EXAMINATION

BATHEOAX – Conceptual Framework and Accounting Standards Effective August 2021 Prepared by: Lester P. Acoba
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TEXTBOOK
[1] Valix, Peralta, & Valix (2020), Conceptual Framework and Accounting Standards, GIC Enterprises & Co. Inc.: Manila, Philippines.

REQUIRED RESOURCES
[2] Cabrera, Ma. Elenita (2018), Conceptual Framework and Accounting Standards: 2018 – 2019 Edition, GIC Enterprises & Co. Inc.: Manila, Philippines.

RECOMMENDED RESOURCES
[3] PFRS (2018), PICPA Northern Metro Manila Chapter, Mandaluyong City
[4] Empleo & Robles (2018). The Philippine Financial Reporting - Conceptual Framework and Accounting Standards.
[5] Aduana (2019). Conceptual Framework and Accounting Standards
[6] Full Copies of Philippine Financial Reporting Standards

PREPARED BY: REVIEWED BY: NOTED BY: APPROVED BY:

LESTER P. ACOBA, CPA, CTT JANUS ARIES Q. SIMBILLO, CPA, MBA JEOJILYN G. NABOR, MLIS, RL MARIA LOUELLA P. STA. MARIA
Faculty, College of Business and Accountancy Chair, Accountancy – CBA Senior Director, Learning Resource Center OIC, College of Business and Accountancy

BATHEOAX – Conceptual Framework and Accounting Standards Effective August 2021 Prepared by: Lester P. Acoba
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