COLLEGE OF BUSINESS AND MANAGEMENT
BACHELOR OF SCIENCE IN BUSINESS ADMINISTRATION
Ifugao State University
College Name
Vision:
A globally recognized University upholding
excellence amidst rich cultural heritage
Vision:
The College of Business and
Management envisions to be an
academic center of excellence.
Mission:
Produce employable graduates who are morally
upright, socially and culturally responsible
professionals through quality, relevant, and
innovative instruction, research, extension, and
resource generation
Mission:
To provide competitive education in the
field of business and management
through blended learning.
Goals:
1. Academic excellence
2. Strong research leadership and culture
3. Sustainable extension and community
engagement
4. Excellent public service and good
governance
Goals:
Produce globally competitive graduates
equipped with criminological skills
through instruction, research, and
extension services.
IFSU Graduate Attributes:
Stewards of heritage who are globally competent, creative, morally upright and socially
responsible.
Program Educational Objectives:
The program aims to:
1. Demonstrate analytical thinking skills in dealing with the multi-cultural business
environment and hence develop digital business solutions for economic
sustainability;
2. Develop competence in all aspects of research and extension directed to planning
and development including special interest in the preservation, transmission, and
enrichment of our cultural heritage;
3. Demonstrate ethical reasoning skills, understanding social, civic, professional
responsibilities, and aspire to add value to society; and,
4. Demonstrate leadership skills to be sensible, innovators and future-oriented leaders
with strong faith in God.
Program Outcomes:
The graduates of Bachelor of Science in Business Administration:
1. Practice appropriate IKSP in the business and management profession;
2. Apply business concepts in various business situations through Business Research;
3. Prepare business operational plans by exploring new business ideas of emerging
industries for economic sustainability;
4. Articulate latest developments in the field of Business and Management;
5. Communicate effectively in both written and oral communication using English and
Filipino;
6. Work effectively and independently in multi-disciplinary and multi-cultural teams;
7. Act in recognition of professional, moral, and ethical responsibility and standards;
8. Perform the basic function of management such as planning, organizing, directing
and controlling;
9. Apply the basic concepts that underlie each of the functional areas of business and
employ these concepts in various business situations;
10. Select the proper decision-making tools to critically, analytically and creatively solve
problems and drive results;
11. Apply information and communication technology (ICT);
12. Corporate citizenship and social responsibility;
13. Analyze the business environment for strategic direction; and,
14. Implement business related activities.
COURSE SPECIFICATIONS
Term (✓)
Course Title
1st ✓ 2nd
3rd
ACCOUNTING 2
Prerequisite/s
Course
Code
Academic Year
ACCTG 121
2024 - 2025
ACCTG 211
Credit Units: 6
(from
Curriculum)
Course Description
Lec: 6
Lab:0
This is a continuation of the first course in accounting. It
deals with transactions, financial statements, and
problems peculiar to the operations of partnership and
corporations as distinguished from sole proprietorships.
Topics include: partnership formation and operations
including accounting for the admission of partners,
changes in capital, and profit-and loss sharing ratios, the
conversion of an unincorporated enterprise into a
corporation; accounting for incorporated enterprises,
including the preparation of financial statements for
internal and external purposes; and sample financial
statements of companies in the service, manufacturing
and trading industries.
Course
Requirements
To pass the course, the student must be able to comply with the
following requirements:
1. Class standing
a. pretest, post-test, quizzes,…….
b. laboratory / field / practical activities / assessments
2. Midterm and Final Examinations
Grading System
Midterm Grade (MG)
= [CS (2) + ME] / 3
Tentative Final Grade (TFG) = [CS (2) + ME] / 3
Final Grade (FG)
= [TFG (2) + MG] / 3
Course Outcomes: At the end of the course, the students must be able to:
1. Establish a thorough working understanding of the accounting as applied to
partnership
2. Identify the difference in the accounting treatments for a new partner admission
and an old partner retirement.
3. Perform the necessary steps in the preparation of business whether engaged in
trading or manufacturing operations.
LEARNING ACTIVITY PLAN
Learning Outcomes
Course Contents / Topics
• State the VMGO
of the university
• Review the basic
principles and
concepts
learned in
Accounting 1
• Distinguish the
elements in
financial
statements.
• Prepare a
complete set of
financial
statements
• Correlate the
interrelationships
of different
accounts
Week 1 - 3 (18 hours)
Preliminaries
• IFSU VMGO
• CBM VMG
• BSBA Objectives and
Outcomes
• Grading System
• Introduction to the Course
Contents, Activities and
Requirements
Chapter 1 Review the
Accounting Cycle
•
•
•
•
•
•
•
•
•
•
•
Explain the
accounting
principles in
partnership
formation
Differentiate the
types of partners
and types of
partnerships
Journalize
transactions
Chapter 2 Partnership Basic
Concepts and Formation
•
•
•
Assessment
Tasks
Recitation
Review of the
syllabus,
learning
activities and
assessment
Demonstration
Problem Solving
Nature and Importance of
Business
Types of Business
Users of Accounting
Information
Accounting Concepts and
Principles
Accounting Process
Source Documents
Book of Accounts
Components of the
Financial Statements
Week 4 ( 6 hours)
•
Teaching /
Learning
Activities
Orientation
Features and Elements of
Partnership
Kinds of Partnership
Kinds of Partners
Articles of a Partnership
Computerassisted
Instruction
Case Analysis
Group
Dynamics
Paper and
Pencil Test
Presentation of
Group Outputs
related to
partnership
formation
•
•
•
•
•
•
•
•
•
•
•
Loan Payable and Loa
Receivable Accounts
Opening the Books of the
Partnership
Forms of Investment
Determine the
Week 5 - 7 (18 hours)
net income or
Chapter 3 Partnership
net loss of
partnership
Operation and Division of
business
Profit or Losses
Prepare income
statement of a
• Statement of Profit or Loss
service or
• Closing Entries
merchandising
• Worksheet
partnership
• Methods of Dividing Profit
Apply the
or Losses
different ways of • Factors for an Equitable
distributing net
Method of Distribution
profit or net loss
• Statement of Changes in
Prepare financial
Equity
statements of a
• Financial Statements of a
partnership
Partnership
Differentiate
dissolution from
liquidation
Apply the legal
provisions for
partnership
liquidation
Prepare the
statement of
liquidation
Record the
transactions
involved in lumpsum liquidation
Week 8 - 9
Chapter 4 Changes in
Partners Equity
•
•
•
•
•
•
•
•
•
Dissolution Defined
Causes of Dissolution
Accounting Procedures to
Dissolution
Admission of Partners
Withdrawal and Death of
Partners
Incorporation of a
Partnership
Partnership Liquidation
Statement of Partnership
Liquidation
Cash Distribution by Lumpsum Method
Week 10
Midterm Examination
Computerassisted
Instruction
Problem Solving
Group
Dynamics
Paper and
Pencil Test
•
•
•
•
•
•
•
•
•
•
Discuss the
attributes of a
corporation
Explain the
incorporation
requirements
Distinguish the
kinds of
corporation
Describe the
kinds of capital
stocks
Distinguish the
components of
shareholder’s
equity
Journalize
capital stock
transactions
Week 11 - 14 (24 hours)
Discuss the
nature of
manufacturing
business
Differentiate
manufacturing
from
merchandising
business
Journalize
manufacturing
transactions
Prepare
statement of
cost of goods
manufactured
and sold
Week 15 - 17 (18 hours)
Chapter 5 Accounting for
Corporate Formation and
Operation
•
•
•
•
•
•
Computerassisted
Instruction
Problem Solving
Types of Corporations
Distinction between
Partnership and
Corporation
Components of the
Shareholder’s Equity
Types of Stocks
Recording of Preferred and
Common Shares
Transactions
Incorporation of Sole
Proprietorship and/or
Partnership
Chapter 6 Non-Cost
Manufacturing System
Computerassisted
Instruction
Problem Solving
•
•
•
Paper and
Pencil Test
Introduction of the Elements
of Manufacturing Costs
Preparation of Statement of
Cost of Goods
Manufactured and Income
Statement
Determination of Net
Income or Loss Through
Reconstruction of Sales,
Purchases, Expenses, other
Income and Capital
Accounts
Paper and
Pencil Test
Presentation of
output in group
dynamics
Group
Dynamics
Week 18
Final Examination
References (APA format, 7th ed.):
• Ballada, Win and Ballada, Susan (2019). Basic Financial Accounting and
Reporting, 22nd Second Edition, DomeDane Publishers, Manila, Philippines
• Ballada, Win and Ballada, Susan (2019). Conceptual Framework and
Accounting Standards, DomeDane Publishers, Manila, Philippines
• Ballada, Win and Ballada, Susan (2021). Partnership and Corporation, 18th
Edition, DomeDane Publishers, Manila, Philippines
•
•
Cabrera, Ma. Elenita and Cabrera, Gilbert Anthony (2020). Financial
Management GIC Enterprises & Co. Inc, Manila Philippines
Millan, Zeus Vernon B. (2022). Intermediate Accounting 2, Bandolin
Enterprise, Baguio City, Philippines
Previous Authors:
Term Prepared / Revised:
Prepared by:
Term Updated:
1st Term
MADELYN N. NAY-UD
Instructor / Professor
Reviewed by:
JENELYN I. CHUNGYAS, PhD
Program Chairperson
Checked and Approved by:
JOHN G. PAGADDUT, PhD
Dean