DOCUMENT: SYLLABUS
COURSE:
Conceptual Framework and Accounting Standards
DATE OF EFFECTIVITY: 23 August 2021
COURSE CODE: BATHEOAX
VISION
We are National University, a dynamic private institution committed to nation building,
recognized internationally in education and research.
MISSION
Guided by the core values and characterized by our cultural heritage of Dynamic Filipinism,
National University is committed to providing relevant, innovative and accessible quality
education and other development programs.
We are committed to our:
STUDENTS, by molding them into life-long learners, ethical and spiritual citizens and selfdirected agents of change.
CORE VALUES
1. Integrity 2. Compassion
3. Innovation
GRADUATE ATTRIBUTES INTENDED FOR
NATIONALIANS (GAINs)
1. Conscientious and Reflective Leader
2. Significant Contributor towards Social
Transformation
3. Possessing an Entrepreneurial Mindset
4. Knowledge Creator
5. Competent Communicator and
Collaborator
FACULTY and EMPLOYEES, by enhancing their competencies, stimulating their passions,
cultivating their commitment and providing a just and fulfilling work environment.
ALUMNI, by strengthening their sense of pride through engagement, loyalty and love for
their alma mater.
INDUSTRY PARTNERS and EMPLOYERS, through active collaborations, providing them
Nationalians who will contribute to their growth and development.
COPIES ISSUED TO:
College of Business and Accountancy
Learning Resource Center
Faculty
4. Resilience
5. Patriotism
INSTITUTIONAL LEARNING OUTCOMES (ILOs)
a. Exhibit the capacity for self-reflection
b. Exhibit the willingness to engage in self-appraisal
c. Apply moral and ethical standards in leading others
d. Express ideas effectively
e. Effectively use various ICT tools to convey ideas
f. Participate actively in community-oriented advocacies that
contribute to nation building
g. Produce alternative solutions, processes, and approaches
h. Apply problem-solving skills
i. Provide solutions to challenges in respective areas of
specialization
j. Work effectively in teams of different cultures
k. Engage in continuing personal and professional development
COMMUNITY, by contributing to the improvement of life conditions and well-being of its
members.
Program Learning Outcomes (PLOs) for B.S. in Accountancy-Related Programs
1.
2.
3.
4.
5.
a
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
Conduct Accountancy/Management Accounting/Accounting Information System research through independent studies of relevant literature
and appropriate use of accounting theory and methodologies
Employ technology as a business tool in capturing financial and non-financial information, generating reports, and making decisions.
Apply knowledge and skills that will enable them to successfully respond various types of assessments (including professional licensure and
certifications)
Confidently maintain a commitment to good corporate citizenship, social responsibility, and ethical practice in performing functions as an
accountant.
b
c
d
e
ILOs
f
g
h
i
j
k
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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
Page 1 of 11
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)
At the end of the course, the student must be able to (CLO):
PLOs
3
4
5
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1
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.
2
CREDIT
3 Units
TIME ALLOTMENT
4 hours lecture every week
COURSE REQUIREMENTS
QUIZZES (40%)
Minimum of 4 major quizzes per grading period
Midterm:
Quiz No. 1
Quiz No. 2
Quiz No. 3
Quiz No. 4
Finals:
Quiz No. 5
Quiz No. 6
Quiz No. 7
Quiz No. 8
BATHEOAX – Conceptual Framework and Accounting Standards
CLASS STANDING (10%)
1.
Recitation
2.
Others:
i. Seatwork
ii. Attendance
iii. Board work
iv. Portfolio of Activities
Effective August 2021
PERIODIC DEPARTMENTAL EXAMINATIONS (50%)
-
Midterm Departmental Examination
Final Departmental Examination
Prepared by: Lester P. Acoba
Page 2 of 11
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:
Quizzes
40%
Class Standing
10%
Attendance
Assignments
Seatwork / Boardwork
Periodic Examination
50%
Midterm Grade
100%
TENTATIVE FINAL GRADE COMPUTATION:
Quizzes
40%
Class Standing
Attendance
Assignments
Seatwork / Boardwork
10%
Periodic Examination
50%
Tentative Final Grade
100%
FINAL GRADE:
Midterm Grade
Tentative Finals Grade
Final Grade
=
=
=
40%
60%
100%
COURSE CONTENTS
WEEK
1
COURSE
LEARNING
OUTCOMES
CLO1
TOPIC LEARNING
OUTCOMES
TOPICS
At the end of the session, the learners will be able
to:
1. Oriented to the school policies and the
course.
2. Explain institutional philosophies, values and
Goal Setting and Proper Planning
University and College
vision and mission
Classroom policies
Goal setting and course
BATHEOAX – Conceptual Framework and Accounting Standards
Effective August 2021
METHODOLOGY
» Discussion
RESOURCES
ASSESSMENT
» Syllabus
» University
Manual and
Handbook
Prepared by: Lester P. Acoba
Page 3 of 11
WEEK
COURSE
LEARNING
OUTCOMES
TOPIC LEARNING
OUTCOMES
policies, examine the goal setting created in
the light of undertakings in this course, and
apply the institutional values in the life–long
pursuit of the professional career.
1.
2.
3.
Understand and explain the environment of
financial accounting and reporting
Understand, explain and apply the
conceptual framework in relation to
objectives of preparing the financial
statements, and the qualities or attributes in
preparing financial statements
Understand, explain and apply the
conceptual framework in relation to elements
of financial statements, its recognition,
derecognition and measurement; concepts of
capital and capital maintenance
TOPICS
METHODOLOGY
RESOURCES
ASSESSMENT
» Syllabus
» Textbook
» LCD Projector
» Hand-outs
Formative
Assessment:
» Assignment
» Seatwork
» Recitation
planning
Topic 1: The Accountancy
Profession
1. Definition of Accounting
2. The Accountancy Profession –
Public accounting, Private
accounting and government
accounting
3. Limitation of the practice of
public accountancy
4. Accreditation to practice public
accountancy
5. Continuing Professional
Development and CPD Credit
Units
6. Generally Accepted Accounting
Principles
7. Different Accounting Bodies
that Promulgate IFRS and
PFRS
Synchronous:
» Discussion
» Illustrative Cases
Asynchronous
» Video Lecture
» Case Study
Summative
Assessment:
» Online/Penand- Paper
Exam (Quiz &
Midterm
Examination)
Topic 2: The Conceptual
Framework
1. Financial Reporting and
Assumptions
2. Qualitative Characteristics
3. Elements of Financial
Statements
2
CLO1
At the end of the session, the learners will be able
to:
1. Understand, explain and apply
the
accounting standards in the preparation of
financial statements (PAS1)
2. Understand the nature and purpose of a
Statement of Cash Flows, the concept and
components of Cash and Cash Equivalents
and Know the classifications of cash flows as
operating, investing and financing
BATHEOAX – Conceptual Framework and Accounting Standards
Effective August 2021
NU Core Value: Integrity, Innovation
Topic 3: Preparation of Financial
Statements (PAS 1)
1. General purpose financial
statements, its purpose,
structure, contents, and overall
consideration, complete set of
financial statements
2. Statement of financial position
3. Statement of profit or loss and
other comprehensive Income
4. Statement of changes in equity
5. Statement of cash flows
Synchronous:
» Discussion
» Illustrative Problems
Asynchronous
» Video Lecture
» Problem Sets
» Syllabus
» Textbook
» LCD Projector
» Additional
Hand-out
Materials
Formative
Assessment:
» Assignment
» Seatwork
» Recitation
Summative
Assessment:
» Online/Pen-andPaper Exam
(Quiz & Midterm
Examination)
Prepared by: Lester P. Acoba
Page 4 of 11
WEEK
COURSE
LEARNING
OUTCOMES
TOPIC LEARNING
OUTCOMES
TOPICS
6.
METHODOLOGY
RESOURCES
ASSESSMENT
Synchronous:
» Discussion
» Illustrative Problems
» Syllabus
» Textbook
» PAS 1
» LCD Projector
» Additional
Hand-out
Materials
Formative
Assessment:
» Assignment
» Seatwork
» Recitation
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
3
CLO1
CLO2
At the end of the session, the learners will be able
to:
1. Understand
and
explain
financial
instruments, what constitutes it, and the
types of financial instruments
2. Know, explain when to recognize the
financial assets and financial liabilities, its
measurements,
derecognition,
and
reclassifying
NU Core Value: Integrity
Topic 5: Financial Instruments
Framework (PFRS 9 and PAS 32)
1. What are financial
instruments?
2. Receivables, classification,
recognition and measurements
3. Uncollectible or impaired
accounts
4. Recognition of Expected Credit
Losses
5. What are financial assets?
financial liability?
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
Asynchronous
» Video Lecture
» Case Study
» Problem Sets
Summative
Assessment:
» Online/Pen-andPaper Exam
(Quiz & Midterm
Examination)
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
Page 5 of 11
WEEK
COURSE
LEARNING
OUTCOMES
TOPIC LEARNING
OUTCOMES
TOPICS
5.
6.
4
5-6
CLO1
CLO2
CLO3
CLO1
CLO2
CLO3
At the end of the session, the learners will be able
to:
1. Define inventory, identify its classes,
inclusion and exclusion in inventory,
determine the cost of inventory, and
inventory valuation.
2. Define biological assets, know when to
recognize biological assets or agricultural
produce, explain the gains and losses arising
from agricultural transactions
3. Know the basic principle for the recognition
of impairment, understand the concept of fair
value less cost of disposal and value in use,
know the measurement of recoverable
amount, recognize an impairment loss and its
reversal, and understand the concept of cash
generating unit.
At the end of the session, the learners will be able
to:
1. Define property, plant and equipment,
identify its classes, inclusion and exclusion in
property, plant and equipment.
2. Explain the recognition, measurements of
property, plant, and equipment.
3. Determine the components/ elements of cost
included in the property, plant and equipment
4. Know when and how to record the acquisition
by purchase of property, plant, and
equipment
5. Describe the accounting treatment for cost
incurred subsequent to acquisition
6. Understand the standards in the revaluation
of property, plant, and equipment
BATHEOAX – Conceptual Framework and Accounting Standards
Effective August 2021
METHODOLOGY
RESOURCES
ASSESSMENT
Synchronous:
» Discussion
» Illustrative Problems
» Syllabus
» Textbook
» PFRS # 9
» LCD Projector
» Additional
Hand-out
Materials
Formative
Assessment:
» Assignment
» Seatwork
» Recitation
Discontinuance of equity
method
Equity method not applicable
NU Core Value: Integrity Industry
Topic 7: Inventories (PAS 2) and
Agricultural Assets (PAS 41)
1. Inventories, definition,
classification, measurements,
exclusion and net realizable
value
2. Agricultural assets, definition,
recognition, measurements,
gain and losses, government
grants
Asynchronous
» Video Lecture
» Case Study
» Problem Sets
Summative
Assessment:
» Online/Pen-andPaper Exam
(Quiz & Midterm
Examination)
Topic 8: Impairment of Assets
(PAS 36)
1. Definition, indication,
measurement of impairment
and recoverable amounts
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
Topic 9: Property Plant and
Equipment (PAS 16), Government
Grant (PAS 20) and Borrowing
Costs (PAS 23)
1. Definition, nature,
classification, of property, plant
and equipment
2. Recognition, measurements at
initial recognition.
3. Components and elements of
costs
4. Valuation of specific property,
plant, and equipment items
(Equipment, Land
improvements, leasehold
improvements, natural
Synchronous:
» Discussion
» Illustrative Problems
Asynchronous
» Video Lecture
» Case Study
Problem Sets
» Syllabus
» Textbook
» PAS
» LCD Projector
» Additional
Hand-out
Materials
Formative
Assessment:
» Assignment
» Seatwork
» Recitation
Summative
Assessment:
» Online/PencilPaper test (Quiz
& Midterm
Examination)
Prepared by: Lester P. Acoba
Page 6 of 11
WEEK
COURSE
LEARNING
OUTCOMES
TOPIC LEARNING
OUTCOMES
7.
Define and know the recognition of a
government grant, identify the classifications,
know the proper accounting treatment and
distinguish
government
grant
from
government assistance.
8. Know the concept of qualifying asset for
purposes of capitalization of borrowing costs,
understand the proper accounting treatment
of borrowing costs, distinguish specific
borrowing and general borrowing in relation
to capitalization of borrowing costs.
9. Define Intangible Assets
10. Explain the recognition, measurements of
Intangible Assets
11. Determine the components/ elements of cost
included in Intangible Assets
12. Describe the accounting treatment for cost
incurred subsequent to acquisition of
Intangible assets
13. Explain the concept of Amortization of
Intangible Assets
TOPICS
5.
6.
7.
8.
9.
METHODOLOGY
RESOURCES
ASSESSMENT
Synchronous:
» Discussion
» Illustrative Problems
» Syllabus
» PAS, PFRS
» Textbook
» LCD Projector
» Additional
Hand-out
Materials
Formative
Assessment:
» Assignment
» Seatwork
» Recitation
resources, bearer plants
Subsequent expenditures
Measurement after recognition
Depreciation, depletion,
impairment, revaluation
Government Grants –
Definition, Recognition,
Measurement and Disclosures
Borrowing Costs – Definition,
Recognition, Measurement and
Disclosures
Topic 10: Intangible Assets (PAS
38)
1. Definition, nature,
classification, of
2. Measurements at initial
recognition of Intangibles
3. Subsequent expenditures for
Intangibles
4. Amortization of Intangibles
NU Core Value: Integrity
7
8
MIDTERM EXAMINATION
CLO1
CLO2
CLO3
At the end of the session, the learners will be able
to:
1. Define investment property, identify its
classes, inclusion and exclusion
in
investment property.
2. Understand when and how to measure
investment property
3. Know the proper treatment for subsequent
expenditures related to investment property.
4. Apply the cost model or fair value model to
investment property;
5. Explain the accounting treatment for
exploration and evaluation of mineral
resources assets relative to their recognition,
measurement, presentation and disclosure
6. Identify non-current assets (or disposal
groups) held for sale or as held for
distribution to owners; apply the recognition
and measurement standards to non – current
BATHEOAX – Conceptual Framework and Accounting Standards
Effective August 2021
Topic 11: Investment Property
(PAS 40), Exploration for and
Evaluation of Mineral Resources
(PFRS 6); Non-current assets
held for sale and Discontinued
Operations (PFRS 5)
1. Definition, nature,
classification, recognition,
measurement at initial
recognition, and exclusions
from capitalized cost.
2. Measurement subsequent to
initial recognition (Fair value
model and cost model)
3. Disposal of investment property
4. Concept of exploration and
evaluation of mineral
resources; its recognition and
measurement, presentation,
Asynchronous
» Video Lecture
» Case Study
Problem Sets
Summative
Assessment:
» Online/PencilPaper test (Quiz
& Midterm
Examination)
Prepared by: Lester P. Acoba
Page 7 of 11
WEEK
COURSE
LEARNING
OUTCOMES
TOPIC LEARNING
OUTCOMES
7.
8.
9.
9
CLO1
CLO2
CLO3
CLO4
CLO1
CLO2
CLO3
CLO4
10
assets held for sale
Explain the accounting treatment for
impairment losses as well as subsequent
recovery of assets held for sale
Know the presentation and disclosure
requirements for discontinued operations of
non-current assets held for sale
Understand the concept and know the
presentation of a discontinued operation in
the financial statements.
At the end of the session, the learners will be able
to:
1. Understand the nature of a provision, know
the conditions for the recognition of a
provision, know the measurement of a
provision and understand the nature of a
contingent liability and contingent asset.
2. Know the optional application of operating
lease on the part of lessee, Recognize a right
of use asset in a finance lease on the part of
lessee, Recognize a lease liability in a
finance lease on the part of lease, Identify
the criteria in determining a finance lease on
the part of the lessor.
At the end of the session, the learners will be able
to:
1. Distinguish permanent differences and
temporary differences between accounting
income and taxable income.
2. Identify temporary differences that result to a
deferred tax liability and deferred tax asset.
3. Know the recognition and measurement of
deferred tax asset and deferred tax liability
4. Identify employee benefits; know the
recognition and measurement of short-term
BATHEOAX – Conceptual Framework and Accounting Standards
Effective August 2021
TOPICS
5.
6.
7.
8.
METHODOLOGY
RESOURCES
ASSESSMENT
Synchronous:
» Discussion
» Illustrative Problems
» Syllabus
» Textbook
» PAS, PFRS
» LCD Projector
» Additional
Hand-out
Materials
Formative
Assessment:
» Assignment
» Seatwork
» Recitation
and disclosures.
Definition, classification,
measurement of non-current
assets held for sale
Recognition of impairment
losses and reversals,
Presentation and disclosures
Definition and presentation of
discontinued operation
NU Core Value: Integrity
Topic 12: Provision, Contingent
Liability and Asset (PAS 37)
1. Definition, nature,
classification, recognition,
measurement of provisions
2. Contingent Liabilities and their
Treatment
3. Contingent Assets and their
Treatment
Asynchronous
» Video Lecture
» Case Study
Problem Sets
Summative
Assessment:
» Online/PencilPaper Test
(Quiz & Final
Examination)
Topic 13: Leases (PFRS 16)
1. Definition, nature,
classification, recognition,
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
Topic 14: Income Taxes (PAS 12)
1. Accounting Income and
Taxable Income
2. Permanent and Temporary
Differences
3. Deferred Tax Liability and
Deferred Tax Asset
4. Measurement of Deferred Tax
Asset and Liability
Topic 15: Employee Benefits
Synchronous:
» Discussion
» Illustrative Problems
Asynchronous
» Video Lecture
» Case Study
Problem Sets
» Syllabus
» Textbook
» PAS, PFRS
» LCD Projector
» Additional
Hand-out
Materials
Formative
Assessment:
» Assignment
» Seatwork
» Recitation
Summative
Assessment:
» Online/PencilPaper Test
Prepared by: Lester P. Acoba
Page 8 of 11
WEEK
COURSE
LEARNING
OUTCOMES
TOPIC LEARNING
OUTCOMES
5.
6.
CLO1
CLO2
CLO3
CLO4
11
12
CLO1
CLO2
CLO3
benefits and postemployment benefits.
Distinguish defined contribution plan and
defined benefit plan.
Understand the relationship between fair
value of plan assets and projected benefit
obligation.
At the end of the session, the learners will be able
to:
1. Understand the concept and know the
recognition and reporting of a change in
accounting policy
2. Understand the concept and know the
recognition and reporting of a change in
accounting estimate
3. Understand the concept and know the
recognition and reporting of prior period
errors
4. Understand the concept and know the types
of events after the reporting period
5. Understand the recognition of adjusting and
non-adjusting events
6. Understand the concept of related parties.
7. Know the requirement for disclosure of
related party relationship and related party
transactions
At the end of the session, the learners will be able
to:
1. Define and know the proper presentation of
BATHEOAX – Conceptual Framework and Accounting Standards
Effective August 2021
TOPICS
METHODOLOGY
RESOURCES
(PAS 19)
1. Definition of Employee Benefits
2. Recognition and Measurement
of Short-term Employee
Benefits
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
Topic 16: Accounting Policies,
Estimates and Errors (PAS 8) and
Events after the Reporting Date
(PAS 10)
1. Definition of Accounting Policy
and treatment to changes in
accounting policy
2. Definition of Accounting
Estimate and treatment to
change in accounting estimate
3. Prior Period Errors
4. Definition of events after
reporting period
5. Adjusting and Non-adjusting
Events
ASSESSMENT
(Quiz & Final
Examination)
Synchronous:
» Discussion
» Illustrative Problems
Asynchronous
» Video Lecture
» Case Study
Problem Sets
» Syllabus
» Textbook
» PAS, PFRS
» LCD Projector
» Additional
Hand-out
Materials
Formative
Assessment:
» Assignment
» Seatwork
» Recitation
Summative
Assessment:
» Online/PencilPaper Test
(Quiz & Midterm
Examination)
Topic 17: Related Party
Disclosures (PAS 24)
1. Definition and Examples of
related parties
2. Required disclosure about
related party transactions
3. Examples of unrelated parties
NU Core Value: Integrity
Topic 18: Earnings Per Share
(PAS 33), Interim Financial
Reporting (PAS 34), Operating
Synchronous:
» Discussion
» Illustrative Problems
» Syllabus
» Textbook
» PAS, PFRS
Formative
Assessment:
» Assignment
Prepared by: Lester P. Acoba
Page 9 of 11
WEEK
COURSE
LEARNING
OUTCOMES
TOPIC LEARNING
OUTCOMES
CLO4
2.
3.
4.
5.
6.
CLO1
CLO2
CLO3
CLO4
13
earnings per share
Know the formula in computing basic
earnings per share and diluted earnings per
share
Determine the weighted average number of
ordinary shares
Identify potential ordinary shares
in
computing diluted earnings per share
Know the basic principles of interim financial
reporting and identify its components
Able to prepare and present comparative
interim financial statements
At the end of the session, the learners will be able
to:
1. Define a share-based compensation plan
2. Understand
the
recognition
and
measurement of share options
3. Understand a cash-settled share-based
transaction
4. Know the recognition and measurement of
share appreciation rights
5. Define fair value of asset or liability
6. Understand the meaning of active market,
principal market and most advantageous
market
7. Describe the valuation techniques in
measuring fair value
8. Know the fair value hierarchy
13.5
BATHEOAX – Conceptual Framework and Accounting Standards
TOPICS
Segments (PFRS 9)
1. Definition and proper
presentation of earnings per
share
2. Basic earnings and Basic loss
per share
3. Diluted earnings and diluted
loss per share
4. Potential ordinary Shares and
Presentation of earnings per
share
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
Topic 11: Share Based Payment
(PFRS 2) and Fair Value
Measurement (PFRS 13)
1. Equity settled and cash settled
share-based payment
2. Definition, recognition and
measurement of Share Options
3. Definition, recognition and
measurement of Share
appreciation rights
4. Definition of Fair Value
5. Valuation Method for
measuring fair value
6. Fair Value Hierarchy
METHODOLOGY
Asynchronous
» Video Lecture
» Case Study
Problem Sets
Synchronous:
» Discussion
» Illustrative Problems
Asynchronous
» Video Lecture
» Case Study
Problem Sets
RESOURCES
» LCD Projector
» Additional
Hand-out
Materials
ASSESSMENT
» Seatwork
» Recitation
Summative
Assessment:
» Online/PencilPaper Test
(Quiz & Final
Examination)
» Syllabus
» Textbook
» PAS, PFRS
» LCD Projector
» Additional
Hand-out
Materials
Formative
Assessment:
» Assignment
» Seatwork
» Recitation
Summative
Assessment:
» Online/PencilPaper Test
(Quiz & Final
Examination)
NU Core Value: Integrity
FINAL EXAMINATION
Effective August 2021
Prepared by: Lester P. Acoba
Page 10 of 11
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]
[4]
[5]
[6]
PFRS (2018), PICPA Northern Metro Manila Chapter, Mandaluyong City
Empleo & Robles (2018). The Philippine Financial Reporting - Conceptual Framework and Accounting Standards.
Aduana (2019). Conceptual Framework and Accounting Standards
Full Copies of Philippine Financial Reporting Standards
PREPARED BY:
LESTER P. ACOBA, CPA, CTT
Faculty, College of Business and Accountancy
REVIEWED BY:
NOTED BY:
JANUS ARIES Q. SIMBILLO, CPA, MBA
Chair, Accountancy – CBA
BATHEOAX – Conceptual Framework and Accounting Standards
Effective August 2021
JEOJILYN G. NABOR, MLIS, RL
Senior Director, LRC
APPROVED BY:
MARIA LOUELLA P. STA. MARIA
OIC, College of Business and Accountancy
Prepared by: Lester P. Acoba
Page 11 of 11