DE LA SALLE UNIVERSITY-DASMARINAS

COLLEGE OF BUSINESS & ACCOUNTANCY

ACCOUNTANCY DEPARTMENT

COURSE SYLLABUS

COURSE CODE : B-ACTG214

COURSE TITLE : Intermediate Accounting II
COURSE TYPE : Lecture
COURSE CREDIT : 6 Units
PRE-REQUISITES : B-ACTG123 (Intermediate Accounting I)
CO-REQUISITES : None

COURSE DESCRIPTION:

This course expands the topics covered in Intermediate Accounting 1. In this course, the student
will examine in depth the basic accounting principles relative to the recognition, measurement, valuation
and financial statement presentation of liabilities and shareholders’ equity, including disclosure
requirements. In addition, the student will also deal with contemporary issues such as accounting for
leases, employee benefits, deferred taxes, share-based payments and other current related items. The
related internal control, ethical issues, and management of liabilities and owner(s)’ equity are also
covered. This course presents the most complete and up-to-date standards, concepts, principles,
techniques and practices in the field of financial accounting. At the end of this course the student should
have sufficient theoretical and practical knowledge about accounting to apply concepts learned to almost
any situation presented to him/her in a work environment.

The course will have a special provision on modality, pacing, pedagogy, assessment type,
communication and feedback based on the national, regional, provincial, city, and institutional guidelines
for the safety amidst disaster and pandemic. Hence, this class shall be delivered in both online and
offline/module-based approach. This course is also compliant with Outcomes-Based Education (OBE)
and 21st Century Learning Design (21CLD) frameworks.

COURSE LEARNING OUTCOMES:

By the end of this course, students are expected to:
CLO1.Explain the recognition, measurement, financial statement presentation and disclosure
requirements for liabilities and equity as prescribed by the applicable accounting standards.
CLO2. Apply the understanding of the accounting standards applicable to liabilities and equity by solving
accounting problems.
CLO3. Evaluate the implication of significant judgements and estimates in the application of accounting
standards taking into consideration the ethical standards issued by the profession.
CLO4. Formulate solutions to complex accounting issues pertaining to liabilities and equity.
CLO5. Construct portion of the financial statements related to liabilities and equity.
LEARNING PLAN
Learning Outcomes for Midterm Period
Course Learning Outcomes Topic Learning Outcomes
CLO1.Explain the recognition, measurement, • TLO1. Recall the provisions of the accounting
financial statement presentation and disclosure standards and the conceptual framework as regards
requirements for liabilities and equity as recognition, measurement, financial statement
prescribed by the applicable accounting presentation and disclosure requirements for
standards. liabilities.
• TLO2. Record transactions affecting liability
CLO2. Apply the understanding of the
accounts.
accounting standards applicable to liabilities
and equity by solving accounting problems. • TLO3. Compute for the correct balances of the
liability accounts and the related nominal
accounts.
CLO3. Evaluate the implication of significant • TLO4. Assess the impact of the chosen
judgements and estimates in the application of accounting policy, significant judgements and
accounting standards taking into consideration estimates on the company’s financial statements
the ethical standards issued by the profession. • TLO5. Determine if the accounting practice is in
conformity with the profession’s ethical standards
• TLO6. Propose other ways of solving accounting
CLO4. Formulate solutions to complex
problems
accounting issues pertaining to liabilities and
• TLO7. Recommend solutions to “what-if
equity.
scenarios”
• TLO8. Properly classify liabilities into current and
non-current portion.
• TLO9. Present the liability section of the
CLO5. Construct portion of the financial
Statement of Financial Position
statements related to liabilities and equity.
• TLO10. Present cash flows related to liabilities in
the Statement of Cash Flows
• TLO11. Compose Notes to Financial Statements
related to liabilities

Asynchronous

Allotted Hours
Synchronous

Assessment
Summative
Teaching-Learning Activities / Assessment
Module Strategy
No and Date
Learning Offline/Printed Online Module Technology
Outcomes Module Activities Activities Enabler
Wk 1
Module 1 Sep 6 • Printed course • Syllabus uploaded Schoolbook
To syllabus • Presentation of course PowerPoint / 6.0
Sep 10 • Course overview introduction

Module 2 Wk 2 • Gospel reading

• Gospel reading
CLO1 Sep • Accounting for
13 to • Accounting for
CLO2 Liabilities Schoolbook
Liabilities / / 3.0
CLO3 Sep • Practice Exercises MSTeams
• Practice Exercises
CLO4 17 • Enabling
CLO5 • Enabling Assessment
Assessments
 • Gospel reading Schoolbook
• Accounting for
• Accounting for MS Teams
Premium Liability / / 3.0
Premium Liability PowerPoint
• Practice Exercise
• Practice Exercise Excel
Wk 3
Sep • Accounting for • Accounting for Schoolbook
Module 3 Warranty Liability Warranty Liability MSTeams
20 to / / 6.0
CLO1
Sep • Practice Exercises • Practice Exercises Powerpoint
CLO2 Excel
24
CLO3
CLO4 Wk 4 Schoolbook
• Accounting for • Accounting for
CLO5 MS Teams
Provision: Provision: Contingent
Sep PowerPoint / / 5.0
Contingent Liability Liability
27 to Excel
• Practice Exercises • Practice Exercises
Oct 1
• Enabling
• Enabling Assessments Schoolbook / 1.0
Assessments
Summative Assessment 1 Schoolbook / 3.0
Wk 5
Oct 4
INSTITUTIONAL SELF- CARE WEEK 6.0
to
Oct 9
Wk 6 • Gospel reading
• Gospel reading Schoolbook
Oct • Accounting for
11 to • Accounting for Notes MSTeams
Notes Payable / / 3.0
Payable Powerpoint
Oct • Practice Exercises
15 • Practice Exercises Excel

• Accounting for Schoolbook

• Accounting for Bonds
Bonds Payable MSTeams
Payable / / 3.0
• Practice Exercises Powerpoint
Module 4 • Practice Exercises Excel
CLO1
CLO2 Wk 7 • Effective Interest • Effective Interest
CLO3 Oct Schoolbook
Method of Method of
MSTeams
CLO4 18 – Amortization Amortization / 2.0
Powerpoint
CLO5 Oct • Practice Exercises • Practice Exercises Excel
22
• Accounting for
• Accounting for Schoolbook
Convertible Bonds
Convertible Bonds MS Teams
and Bonds Issued
and Bonds Issued with PowerPoint 3.0
with Warrants
Warrants Excel / /
• Practice Exercises
• Practice Exercises
• Enabling
• Enabling Assessments Schoolbook 1.0
Assessments
 Wk 8 Schoolbook
• Gospel reading • Gospel reading
Oct MS Teams
• Lessee Accounting: • Lessee Accounting:
Module 5 25 to PowerPoint / / 3.0
Basis Principles Basis Principles
CLO1 Oct Excel
29 • Practice Exercises • Practice Exercises Schoolbook
CLO2
CLO3
• Lessee Accounting:
CLO4 • Lessee Accounting:
Other Issues Schoolbook / 2.0
CLO5 Other Issues
• Practice Exercises
• Practice Exercises
• Enabling
• Enabling Assessments Schoolbook / 1.0
Assessments
Wk 9 • Gospel reading • Gospel reading
Schoolbook
Nov 1 • Accounting for • Accounting for
to MS Teams
Operating Lease: Operating Lease:
Module 6 Nov 5 PowerPoint / / 2.5
Lessor Lessor
CLO1 Excel
• Practice Exercises • Practice Exercises
CLO2
CLO3
CLO4 • Accounting for • Accounting for Direct Schoolbook
CLO5 Direct Financing Financing Lease: MS Teams
/ 2.5
Lease: Lessor Lessor PowerPoint
• Practice Exercises • Practice Exercises Excel
• Enabling
• Enabling Assessment Schoolbook / 1.0
Assessment
Wk
10
Nov 8
Summative Assessment 2 / 3.0
to
Nov
12
33.
TOTAL 9.0 6.0 54
0

Learning Outcomes for Final Period

Course Learning Outcomes Topic Learning Outcomes
CLO1.Explain the recognition, • TLO1. Recall the provisions of the accounting
measurement, financial statement standards and the conceptual framework as regards
presentation and disclosure requirements recognition, measurement, financial statement
for liabilities and equity as prescribed by presentation and disclosure requirements for liabilities
the applicable accounting standards. and equity.
• TLO2. Explain the provisions of the International
Accounting Standards 33 regrading determination,
presentation and disclosure of Earnings Per Share.
CLO2. Apply the understanding of the • TLO3. Record transactions affecting liability and
accounting standards applicable to equity accounts.
liabilities and equity by solving accounting • TLO4. Compute for the correct balances of the
problems. liability, equity and the related nominal accounts.
• TLO5: Compute for the basic and diluted earnings per
share and the book value per share.
CLO3. Evaluate the implication of • TLO6. Assess the impact of the chosen accounting
significant judgements and estimates in the policy, significant judgements and estimates on the
application of accounting standards taking company’s financial statements, earnings per share
into consideration the ethical standards and book value per share.
issued by the profession. • TLO7. Determine if the accounting practice is in
conformity with the profession’s ethical standards
CLO4. Formulate solutions to complex • TLO8. Propose other ways of solving accounting
accounting issues pertaining to liabilities problems
and equity. • TLO9. Recommend solutions to “what-if scenarios”
CLO5. Construct portion of the financial • TLO10. Properly classify liabilities into current and
statements related to liabilities and equity. non-current portion and shareholders’ equity accounts
into share capital, reserves, and other equity account
line items.
• TLO11. Present the liability and shareholders’ equity
section of the Statement of Financial Position.
• TLO12. Present cash flows related to liabilities and
shareholders’ equity in the Statement of Cash Flows
• TLO13. Compose Notes to Financial Statements
related to liabilities and equity.

Allotted Hours
Asynchronous
Synchronous
Teaching-Learning Activities / Assessment

Assessment
Summative
Module Strategy
No and
Learning Printed Module Online Module Technology
Outcomes Date Activities Activities Enabler
• Gospel reading • Gospel reading Schoolbook
• Accounting for • Accounting for
Sales Type Lease: Sales Type Lease: / 2.5
Wk 10 Lessor Lessor
Module 7 Nov 8 to • Practice Exercises • Practice Exercises
CLO1 Nov 12 • Gospel reading • Gospel reading
CLO2 • Accounting for • Accounting for
CLO3 Sale and Sale and Schoolbook /
CLO4 / 2.5
Leaseback Leaseback MS Teams
CLO5 • Practice Exercises • Practice Exercises PowerPoint
Excel / 1.0
• Enabling • Enabling
Assessment Assessment

Module 8 Wk 11
CLO1 • Gospel reading • Gospel reading
CLO2 Nov 15 • Accounting for • Accounting for Schoolbook
CLO3 to Nov Income Tax Income Tax MSTeams / / 4.0
CLO4 19 • Practice Exercises • Practice Exercises Powerpoint
CLO5 • Enabling • Enabling Excel
Assessment Assessment
 • Gospel reading • Gospel reading Schoolbook
• Accounting for • Accounting for MSTeams
Post – Post – Powerpoint
Employment Employment Excel / 2.0
Benefits Benefits
• Practice Exercises • Practice Exercises
Module 9 • Enabling • Enabling
CLO1 Assessment Assessment
CLO2 Wk 12 • Accounting for • Accounting for Schoolbook
CLO3 Defined Benefit Defined Benefit MSTeams
CLO4 Nov22 Plan Plan Powerpoint
/ / 2.5
CLO5 to Nov • Practice Exercises • Practice Exercises Excel
27 • Enabling • Enabling
Assessment Assessment
• Accounting for • Accounting for
Other Employee Other Employee Schoolbook
Benefits Benefits
/ 3.0
• Practice Exercises • Practice Exercises
• Enabling • Enabling
Assessment Assessment

Summative Assessment 3 Schoolbook / 2.0

Wk 13
• Gospel reading • Gospel reading
• Accounting for • Accounting for Schoolbook
Nov 29
Shareholders’ Shareholders’ MS Teams
Module 10 to Dec 4 / 1.5
Equity Equity PowerPoint
CLO1
• Practice Exercises • Practice Exercises Excel
CLO2
CLO3
CLO4 • Accounting for • Accounting for
CLO5 Treasury Shares, Treasury Shares,
Rights Issue and Rights Issue and
Share Split Share Split / 2.5
• Practice Exercises • Practice Exercises
• Enabling • Enabling
Assessment Assessment
Wk 14
Dec 6 to INSTITUTIONAL SELF- CARE WEEK 6.0
Dec 11
Module 11 • Gospel reading • Gospel reading
Wk 15
CLO1 • Accounting for • Accounting for Schoolbook
Dec 13
CLO2 Retained Earnings: Retained Earnings: MS Teams
to Dec / 1.5
CLO3 Dividends Dividends PowerPoint
18
CLO4 • Practice Exercises • Practice Exercises Excel
CLO5
 • Accounting for • Accounting for
Retained Earnings: Retained Earnings:
Schoolbook
Appropriation and Appropriation and
MS Teams
Quasi - Quasi - / 1.5
PowerPoint
Reorganization Reorganization
Excel
• Practice Exercises • Practice Exercises
• Enabling • Enabling
Assessment Assessment
Schoolbook
• Accounting for • Accounting for
MS Teams
Wk16 Share-Based Share-Based / 1.5
PowerPoint
Compensation: Compensation:
Excel
Jan 11 Share Options Share Options
to Jan
15 • Accounting for • Accounting for
Share-Based Share-Based
Schoolbook
Compensation: Compensation:
MS Teams
Share Appreciation Share Appreciation / 1.5
PowerPoint
Rights Rights
Excel
• Practice Exercises • Practice Exercises
• Enabling • Enabling
Assessment Assessment
• Gospel reading • Gospel reading
• Accounting for • Accounting for
Wk 17
Earnings Per Share Earnings Per Share Schoolbook
Module 12 • Practice Exercises • Practice Exercises MS Teams
Jan 17 /
CLO1 to Jan • Gospel reading • Gospel reading PowerPoint / 6.0
CLO2 22 • Accounting for • Accounting for Excel
CLO3 Book Value Per Book Value Per
CLO4 Share Share
CLO5
• Practice Exercises • Practice Exercises
Wk 18 • Enabling • Enabling Schoolbook / 3.0
Jan 24 Assessment Assessment
to Jan
29 Summative Assessment 4 Schoolbook / 3.0

TOTAL 9 33 6 54

GRADING SYSTEM

Midterm
Class Participation -15%
Enabling Assessments - 45%
Summative Assessments - 40%
100%
Finals
Class Participation -15%
Enabling Assessments - 45%
Summative Assessments - 40%
100%

Overall Final Grade = Midterm + Final

2

COURSE POLICIES AND REQUIREMENTS

1. Enrollment in an E-Class. For those who opted for online learning, you will be required to enroll
in e-class (Schoolbook) using the Course Access Code provided in your registration form. For
those who opted for printed modules, you will only be given the module if you are officially
enrolled. Your teacher shall enroll you in the Schoolbook for the purpose of recording your
grades. For both type of learners, your teacher can verify your enrolment by checking on the class
list provided by the Office of the University Registrar and at the portal.

2. Learning Tools and Materials.

a. This syllabus comes with Learning Modules (printed for offline/home-based learners;
uploaded online via Schoolbook and MS Teams for online learners). The Learning
Modules were prepared in close reference with the textbook Intermediate Accounting
Volume 2 2020 Edition by Conrado T. Valix, Jose F. Peralta and Christian Aris M. Valix.
You may have to frequently refer to the book for more in-depth discussion of theories
and principles, and in referring to drills and mastery problems for each lesson.
b. Online learners shall also be provided with video tutorials pre-recorded by your
instructors. The two instructors handling the two sections of B-ACTG214 will take turns
in recording the tutorial videos for the various lessons. The videos will be uploaded to
MS Streams at least one week ahead of the scheduled lesson, based on the Learning Plan.
c. At least 50% of the course content requires application of knowledge through
calculations and problem-solving. Thus, MS Excel will play a significant role in assisting
your learning process. Basic knowledge in MS Excel would therefore be an advantage,
otherwise, you can refer to MS Excel tutorials available via Office 365 or search
YouTube for easy-to-follow tutorials. Each student will have to maintain two MS Excel
files for the entire duration of B-ACTG214 for answering Practice Exercises and
Enabling Assessments:
i. One file shared only with the Instructor – to serve as active file for solutions to
Enabling Assessments that will be answered individually by the student; and

ii. One file to be shared with the Instructor and group mates (max of 4 in a group)
– to serve as shared file for Practice Exercises that will collaboratively be
answered by a group.

3. Communication and Feedback

a. Online Synchronous Communication shall happen as indicated in the learning plan
section of the syllabus.
b. Online Asynchronous Communication shall happen when the faculty utilizes at least
one of the recommended asynchronous communication. The minimum response time for
asynchronous communication is 24 hours, excluding Sundays and holidays. All
 communication platforms must be explicitly indicated in the syllabus. Below are the
recommended asynchronous communication platforms:
i. Forum – at the Forum Tab at Schoolbook, students can post their general
concerns. The forum is public and any post can be seen by the class.
ii. Messaging – at Schoolbook. Any private or confidential matters may be
messaged through Schoolbook messaging feature.
iii. Email – you may email your professor thru schoolbook. In writing your
emails, observe professionalism by (a) directly presenting your point; (b)
avoiding making demands or accusations; (c) using professional salutations; and
(d) checking spelling and grammar.
v. Messenger (Facebook). This will be utilized for Class Presidents of the class
for reminders about class schedules and announcements, and for concerns that
require more immediate attention.
c. Offline Communication are only for Students who opted for Printed Modules. Text
messaging subject to strict confidentiality agreement between the student and the
professor maybe used. This mode of communication is exclusive only for the specified
type of student. Calls may be entertained within working hours (8AM to 5PM), while text
messages may be responded to within 24 hours, excluding Sundays and holidays.
d. Do not ask questions that can be easily answered from the resources given.
e. No using of foul, curse, and other bad words, whether in written or verbal. No
shouting. No flooding of chat and messages. No selling.

4. Synchronous (Online) Meetings

a. The timing of scheduling of most synchronous meetings will be at such a time when
you have at least read the accompanying module for the lesson and watched the video
tutorial, because synchronous meetings are designed to reinforce your basic knowledge of
the topic.
b. RSVP as part of an ethical process of conducting online meetings, the following will
be observed:
i. The synchronous meeting will be scheduled by the teacher at least 14 calendar
days before the meeting date.
ii. The student must RSVP at least three days before the scheduled synchronous
meeting.
iii. The faculty will announce two days before the calendared synchronous
meeting if it will push through or if it will be cancelled. If cancelled, the faculty
will announce a replacement asynchronous activity and the new schedule of the
synchronous meeting.
c. Log-in on time. Give yourself 15 to 30 minutes “meeting area” setup time before the
scheduled synchronous (online) meeting, and log in 5-10 minutes before the scheduled
meeting. We ought to respect each other’s time and we need to maximize the limited
synchronous hours allotted for the course, so we shall start on time and end the session a
little ahead of time. The minimum required attendees in synchronous class shall be 50
percent of the entire class. It is the faculty’s prerogative whether to continue or
discontinue the session if it does not reach 50 percent. However, if the attendees are less
than 20 percent of the total class, the synchronous session will be rescheduled, an
asynchronous learning activity will take the place of the supposed synchronous meeting.
d. Online Classes is scheduled based on the learning plan. Attendance, especially in
synchronous classes, shall not be a basis for receiving a failing grade. It will not comprise
any grade in the class standing.
 e. All synchronous meetings will be recorded and embedded into a schoolbook page
section. It will also be accessed by students at MS Teams and other institutionally
subscribed video hosting platform.
f. The synchronous meeting will only be held at the class schedule indicated in the
registration form.
g. Other policies for synchronous meetings:
i. Tidy up and observe proper grooming for synchronous meetings. Wear decent
casual or smart-casual attire prescribed by the Student Handbook.
ii. Microphone must be muted and only unmuted when the teacher requires the
student to do so.
iii. Your teacher may require you to turn on your gadget camera to validate
attendance and monitor participation. However, the student can choose to turn off
the video if the teacher allows them to.

5. Intellectual Property Policy

a. Policy and copyright infringement will not be tolerated. Any violation of such will earn
students a grade of zero in the assessment.
b. Using of any illegally obtained software is strictly prohibited.
c. Students are encouraged to use their original photos, videos, and other resources.
Otherwise, students can use royalty-free resources or embed the sources in their
submissions to avoid copyright infringement and/or plagiarism.
d. Inviting people, that are not part of the class, in synchronous meetings is strictly
prohibited, unless approved by the subject teacher. Posing as another person during a
synchronous activity is strictly prohibited.
e. Giving of Schoolbook and Office 365 personal passwords and class access codes to
other parties is strictly prohibited. Likewise, accessing Schoolbook and Office 365
account other than the students’ personal account is also strictly prohibited. Violating
students will be reported to the Student Welfare and Formation Office (SWAFO).

6. English language shall be the basic mode of communication in the class, especially during
Asynchronous online meetings. Tagalog or Taglish may be used during asynchronous consultations.

7. Oher Concerns Relative to Class. Any concern that is relevant to the class should be brought to the
attention of the subject teacher before it is elevated to a higher authority or an outside party. This would
cover, for instance, concerns on synchronous meeting, practice exercises, assessments, grade
computation, feedback, etc. Special arrangements requested due to certain situations (e.g. student’s
disabling condition) may be decided or acted on a case to case basis.

REFERENCES

Online References
Call Reference Material
number or
e-provider
IFRS and US GAAP: similarities and differences. (2019). Retrieved from
Online https://www.pwc.com/us/en/cfodirect/publications/accounting-guides/ifrs-and-us-gaap-
similarities-and-differences.html
IFRS in Practice 2019: IFRS 9 Financial Instruments. (2019) Retrieved from
Online
https://www.bdo.global/getmedia/70b2ea49-d800-4ba2-911d-
 03e23f5bbfb7/IFRS9_FinancialInstruments_screen.aspx

IFRS 9, Financial Instruments: Understanding the basics. (2017). Retrieved from

Online https://www.pwc.com/gx/en/audit-services/ifrs/publications/ifrs-9/ifrs-9-understanding-
the-basics.pdf

On-Site References
Call Reference Material
number or
e-provider
For Valix, C. T. (2021). Financial Accounting Volume 2. Manila: GIC Enterprises & Co.
Acquisition
HF 5626 Barnes, J. et al. (2019). International GAAP 2019: generally accepted accounting practice under
.In85 2019 International Financial Reporting Standards. Chichester, UK: John Wiley & Sons
v1
HF 5626
.In8 2018 IFRS standards: issued at 1 January 2018. London. IFRS Foundation.
pt.a
HF 5636 Edmonds, T. P. (2016). Fundamental financial accounting concept. New York, NY:
.F962 2016 McGraw-Hill/Irwin

Prepared: Accountancy Department

1st Semester 2021-2022

Approved: Eden C. Cabrera

Chair, ACD

Endorsed: Mary Felidora Florinor M. Amparo

Dean, CBAA