Description of Courses (BS Accountancy)

Basic Accounting Enhancement
This course provides an introduction to accounting, within the context of business and business decisions particularly on sole-proprietorship engaged in services and/or merchandising. Students obtain basic understanding of the principles and concepts of accounting as well as their applicability and relevance in the national context and learn how to use various types of accounting information found in financial statements and annual reports. Emphasis is placed on understanding the reason underlying basic accounting concepts and providing students with an adequate background on the recording, classification, and summarization functions of accounting to enable them to appreciate the varied uses of accounting data.

Philippine Income Taxation
This introductory taxation course is primarily concerned with income taxation. The objective is to develop a working knowledge of the basic principles and rules of the income tax system as these apply to individuals, partnerships and corporations. It covers an overview of the national tax system, and the income taxation of employees and unincorporated businesses and incorporated businesses. It provides the students with knowledge of the capital gain tax, final tax on certain passive income, and the year-end tax. Including the minimum corporate income tax, the normal tax, tax on special (aliens, domestic corporation, resident foreign corporation and non-resident foreign corporation) and the improperly accumulated profit tax of corporations and withholding taxes. Tax forms are provided for specific topic discussed.

Business Taxation
This course is an in-depth study of business and transfer taxes. It covers value-added tax schemes; local direct taxes including real estate and other property taxes; excise taxes, transfer taxes on gratuitous transfers of property which are estate tax and donor’s tax; business taxes; and the remedies of the state and the taxpayer. The course also includes reportorial and administrative requirements on all taxes and the remedies of the taxpayers on taxes being assessed and/or erroneously paid are discussed.

Auditing and Assurance Principles
This course is designed to expose students both to the demand for and the supply of the profession’s flagship service - financial statement audits - and to the nature of the value-added assurance services which decision-makers demand in the information age. This course provides also students with an in-depth understanding of professional standards, the audit process, advanced auditing techniques, and the auditor’s role in ensuring that publically issued financial statements are fairly presented.

Accounting for Government and Non-Profit Organizations
This course is the last part of the advanced financial accounting and reporting for government and non-profit organizations such as universities, NGOs and hospitals accounting and specialized industries like banking, insurance and extractive industries. A large part of the course covers the latest government accounting system, major policies on receipts and disbursements as prescribed by the Commission on Audit and other related laws, rules and regulations.

Financial Management
This course provides the synthesis of financial policy into a grand strategy which integrates organizational purpose and goals. It focuses on the basics regarding the valuation of the firm, investment decision processes, financing, asset management, financial strategies, financial statement analysis and portfolio theory providing a conceptual framework within which key financial decisions and risk relating to corporations are analyzed (considering the formation and use of current assets and the basic concepts of working capital, credit policy, shareholder’s wealth maximization, long-term financing and risk management - nature of risk, risk concepts, benefits of risk management, risk management processes, enterprise-wide risk management and managing operating risks and financial risk). This course also includes fundamentals about capital acquisition analysis, capital structure decision, valuation of financial instruments, the dividend decision and types of derivative instruments: forward contracts, futures, swaps and options, and how these instruments are used in managing and modifying financial risks are also part of this course.

Accounting Internship
This course provides an industry-based placement to Accounting students with the opportunity to undertake fully coordinated and supervised work experience that assist them in the refinement of their accounting skills including enhancement of discipline-based competencies and selected functional areas, as they continue to develop their professional portfolio and become more responsive to the demands of the Accounting profession

Accounting Research
This course culminates the preparation of the learners for individual or group scientific inquiry which they have imbibed from the course Accounting Research Methods. This course is intended to serve as an integrative capstone to a professional Accounting degree program where they are required to use all the relevant knowledge they obtained from previous all accounting and business courses. It is designed to enable the learners to become good researchers who are prepared to respond to the urgent need of conducting research of general relevance to the professional practice of Accountancy. The learners shall present the findings, evidences and study results coherent to the thesis topic, problems, review of related literatures, research methods, research instruments and statistical tools.