UNIVERSITY OF THE PHILIPPINES College of Business Administrtion A dministrtion Department of Accounting and Finance Summer Term! AY "#$"%"#$& Instru'tor DANI ROSE SALAZAR Emil Address
[email protected] Room Num(er 201-D COURSE SYLLABUS BA $$)*" A+VANCE+ ACCOUNTIN, II BA 118.2 is the second course course of the Advanced Advanced Accounting Accounting series. series. Prerequisit Prerequisite e to this course course are the BA 114 series series of course courses s (Interm (Intermedi ediate ate Account Accounting ing). ). BA 118 goes goes beyond beyond sim!e sim!e manufa manufactu cturin ring g oerat oeration ions s under under a corora cororate te set"u set"u covered covered in BA 114. In BA 118.2# 118.2# the manufacturing oerations assumtion is re!a$ed by a!ying fundamenta! accounting theory to secif secific ic busine business ss transa transacti ctions ons.. %undam %undament enta! a! acc accoun ountin ting g theory theory &i!! &i!! be a!ie a!ied d to secia secia! ! transactions !i'e financia! derivatives# secia! revenue recognition rinci!es# etc. COURSE OB-ECTIVES At the end o th!s co"rse# the st"dents $!ll %e e&"!''ed $!th !nanc!al acco"nt!n( conce'ts relate related d to s'ec!a s'ec!all or(an! or(an!zat zat!on !ons)e s)ent! nt!t!e t!es. s. *ore *ore !m'ort !m'ortant antly ly## the!r the!r a%!l!t a%!l!ty y to sol sol+e +e com'le com'le, , acco" acco"nt! nt!n( n( 'ro%le 'ro%lems ms and resol+ resol+e e acc acco"n o"nt!n t!n( ( !ss !ss"es "es shall %e de+elo de+elo'ed 'ed.. h!s h!s co"rse co"rse also also 're'ares the st"dents to h"rdle the ract!cal Acco"nt!n( II and /"ndamental Acco"nt!n( heory s"%ects o the ert!!ed "%l!c Acco"ntancy L!cens"re E,am!nat!ons. TOPIC OUTLINE Introduction to BA 118.2 Module 1: Revenue Recognition Eects o han(es !n /ore!(n "rrency /ore!(n "rrency to /"nct!onal "rrency /"nct!onal "rrency to resentat!on "rrency Re+en"e Reco(n!t!on Acco"nt!n( or Installment Sales ontracts /"ll Accr"al *ethod Installment *ethod ost Reco+ery *ethod Re'ossess!on Acco"nt!n( or ommerc!al /ranch!se O'erat!ons 3'o!nt o +!e$ o /ranch!sor4 Acco"nt!n( or Lon(-erm Lon(-erm onstr"ct!on ontracts ercenta(e o om'let!on *ethod ost Reco+ery *ethod
IAS 21
1 sess!on
IAS 1 3Re+en"e4
2 sess!ons
IAS 1 3Re+en"e4
1 sess!on
IAS 11 3onstr"ct!on ontracts4
2 sess!ons
SI 61 I/RI 1 I/RI 16 I/RI 12 I/RS or S*Es
1 sess!on
• •
• • • •
• •
Re+en"e 5arter ransact!ons ranser ranser o Non-ash Assets rom "stomers "stomer Loyalty ro(rams Acco"nt!n( or Ser+!ce oncess!on A(reements I/RS or S*E7 Eects o /ore!(n "rrency han(es
1 sess!on 2 sess!on
Re+en"e Reco(n!t!on onstr"ct!on ontracts Ser+!ce oncess!on A(reements Exam 1 Ma! 8" #edne$da!% Module 2: Financial Derivative$ Re+!e$ o Acco"nt!n( or /!nanc!al Instr"ments /a!r 9al"e hro"(h ro!t or Loss A+a!la%le or Sale Sec"r!t!es :eld to *at"r!ty Sec"r!t!es Loans and Rece!+a%le Acco"nt!n( or Standalone Der!+at!+es /or$ards ) /"t"res S$a's O't!ons Acco"nt!n( or Em%edded Der!+at!+es Acco"nt!n( or Der!+at!+es held or :ed(!n( ash lo$ hed(e /a!r +al"e hed(e /ore!(n "rrency Der!+at!+es I/RS or S*E7 S'ec!al /!nanc!al Instr"ments
IAS 68)I/RS 8 IAS 68
I/RS or S*Es
1 sess!on
Module &: 'tatement of (a$) Flo*$
IAS ;
2 sess!ons
1 sess!on
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1 sess!on
• • •
1 sess!on 2 sess!ons
• • •
Exam 2 Ma! 22" #edne$da!% Final Examination Ma! 2+" 2,12" Frida!% he !nal (rade shall %e com'osed o the ollo$!n(7 om'onent /!rst E,am!nat!on Second E,am!nat!on /!nal E,am!nat!on ?"!zzes lass art!c!'at!on OAL
2=> 6=> 10> => 100>
rad!n( Scheme7 8;-100 86-8 8-82 =- 1-B ;;-0 Im1ortnt Reminders2
1.00 1.2= 1.=0 1.;= 2.00 2.2=
;6-; 8-;2 =-8 .#%./*00 5elo$ 0
2.=0 2.;= 6.00 /*## =.00
1. 3issed 4ui55es! Home6or7! Clss Prti'i1tion* here $!ll %e no maCe-"' or &"!zzes# home$orC and class 'art!c!'at!on. he st"dent (ets a score o zero ! he)she !s a%sent $hen s"ch act!+!t!es $ere done !n class. 2. 3issed Long E8ms*
a. I yo" m!ssed one e,am!nat!on or +al!d reason# yo"r (rade or the m!ssed e,am!nat!on !s ;=> o the lo$est lon( e,am!nat!on. Necessary doc"mentat!on sho"ld %e 'ro+!ded to "st!y yo"r reason or m!ss!n( an e,am. %. I a st"dent a!ls to taCe a lon( e,am or health reason# a st"dent $!ll %e allo$ed to taCe a maCe "' e,am as lon( as the st"dent !norms the !nstr"ctor (efore t9e e8m strts . he st"dent $!ll only %e allo$ed to taCe a maCe-"' e,am "'on s"%m!ss!on o 'ert!nent doc"mentat!on o the reason. c. I the reason or m!ss!n( a lon( e,am !s not +al!d# the m!ssed e,am shall %e zero. d. A st"dent may m!ss only one 314 o the t$o 324 e,am!nat!ons (!+en or the co"rse# $hether h!s)her reasons are +al!d or not. e. An :INC; $!ll %e (!+en ! the st"dent can sho$ 'roo o !llness)hos'!tal!zat!on or other +al!d reason. he !nstr"ctor sho"ld %e !normed o the !llness or hos'!tal!zat!on or +al!d reason 'r!or to or on the day o the e,am and not later. . 3issed Finl E8m* A st"dent $!ll %e (!+en a (rade o :INC; ! he)she !s a%sent rom the !nal e,am!nat!on or ne(lects to s"%m!t any o the co"rse re&"!rements 'ro+!ded that h!s)her class stand!n( !s 'ass!n(. I the st"dents a%sence !n the !nal e,am !s "n"st!!a%le and h!s)her class stand!n( !s %elo$ :&*##;# he)she $!ll (et a (rade o :<*##; or the co"rse# !n accordance $!th "n!+ers!ty r"les. 4. Attendn'e* a. n!+ers!ty r"le on a%sences shall %e enorced. 3*a, o a%sences4 %. St"dents $ho dro' the co"rse shall only %e cons!dered o!c!ally dro''ed "'on s"%m!ss!on o the d"ly 'rocessed !nstr"ctors co'y o the Dro''!n( Sl!'. c. I a st"dent does not o!c!ally dro' and a!ls to attend the rema!n!n( class sess!on and to taCe the e,ams $!tho"t a +al!d reason# he $!ll %e (!+en (rade o :<*#; or the co"rse !n accordance $!th n!+ers!ty r"les. . Only st"dents $ho (ot a (rade o B.00 $!ll %e el!(!%le or remo+al e,am!nat!ons. St"dents $ho (ot a (rade o =.0 $!ll not %e allo$ed to taCe remo+al e,am!nat!ons. St"dents are el!(!%le to taCe the remo+al e,am!nat!on only once. :ERE
*ay 16# 2016 - Deadl!ne or Dro''!n(
!!.
*ay 21# 2016 K End o classes
