PHINMA EDUCATION

COLLEGE OF MANAGEMENT AND ACCOUNTANCY

TABLE OF SPECIFICATIONS

PEN Code: FIN 081

Subject: Financial Management for Accountancy
Semester: 1st Semester
School Year: 2019-2020

No. Topics/Outcomes Weight No. of

Items
Identify and describe the nature, objectives and scope of financial
1 10% 7
management in making business decisions
1.1 Introduction to Financial Management 2
1.2 The Role of Financial Managers 2
1.3 Types of Business Organization 1
1.4 Misconception about Financial Management 2
Analyze and use financial data derived from financial statements in
2 evaluating the performance of the management and make business 40% 28
decisions
2.1 Financial Statement Analysis 2
2.2 The Role of FS Analysis in Decision Making 2
2.3 Tools and Techniques in FS Analysis 5
2.4 Limitations of Ratio Analysis 3
2.5 Cash Flow Statement 3
2.6 Forecasting 2
2.7 Correlation Coefficient for Regression liners 2
2.8 Forecasting Approach 2
2.9 Financial Planning & Budgeting 2
2.10 Approaches to Financial Planning 2
2.11 Master Budget preparation 3
Apply different working capital (cash, receivables, inventory and other
3 short-term resources) management methods and techniques in making 50% 35
short-term business decision
3.1 Working Capital Management 3
3.2 Risk-Return Trade off 2
3.3 Cash Management 4
3.4 Receivable Management 4
3.5 Credit Policy 2
3.6 Inventory Management 3
3.7 Classes of Inventory 2
3.8 Types of Inventory Costs 2
3.9 Economic Order Quantity (EOQ) 4
 3.10 Just-in-Time Inventory 3
3.11 Just-in-time process 2
Short-term Financing - Sources, advantages and disadvantages
3.12 and cost and benefits of short-term financing 4

TOTALS 70
% 100%
70

COMMENTS / SUGGESTIONS
AU Ok with TOS
COC
UI
UPANG
SWU Ok with TOS
ION
D ACCOUNTANCY
ATIONS

Qualification Descriptor
Degree of
Knowledge, Skills, Application Independence
Values (30%) (50%) (20%)

Remembering & Analyzing &

Item Understanding Application Evaluating
Placement

1-2 2
3-4 2
5 1
6-7 2

8-9 1 1
10-11 1 1
12-16 1 2 2
17-19 2 1
20-22 2 1
23-24 1 1
25-26 1 1
27-28 1 1
29-30 1 1
31-32 1 1
33-35 2 1

36-38 1 2
39-40 1 1
41-44 3 1
45-48 1 2 1
49-50 1 1
51-53 2 1
54-55 1 1
56-57 2
58-61 4
62-64 1 2
65-66 1 1

67-70 1 2 1

21 35 14

21 35 14
 PHINMA EDUCATION
COLLEGE OF MANAGEMENT AND ACCOUNTANCY
TABLE OF SPECIFICATIONS

PEN Code: ACC 106

Subject: Intermediate Accounting, Part 1
Semester: 1st Semester
School Year: 2019-2020

No. of Item
No. Topics/Outcomes Weight Placement
Items
1 Review of the Accounting Process
● Accounting as information system and its 1
4% 3
components
● Types of Accounts, journals, journal entries and 2
trial balance
● Errors revealed and not revealed by a trial 3
2 balance
Cash and Cash Equivalents
● Definition cash and cash equivalents 4
● Initial and subsequent measurement of cash 5
● Examples of cash equivalents 6
● Financial statement presentation 11% 8 7
● Accounting and treatment for post-dated checks, 8
stale checks,
● Internal deposit
control overincash
foreign bank, 9
● Accounting for cash shortages and overages 10
● Petty cash fund accounting 11
3 Bank Reconciliation and Proof of Cash
● Bank reconciliation statement, DIT and 12-13
6% 4
outstanding
● Credit memos,checks
debit memos and book errors 14
● Proof of cash 15
4 Accounting for Trade Receivables (Accounts
Receivable)
● Financial statement presentation 16
● Initial and subsequent measurement of accounts 6% 4 17
receivable
● Estimating and accounting for doubtful accounts 18
● Trade discounts and cash discounts 19
5 Accounting for Non-Trade Receivables (Notes
Receivables)
● Initial measurement of short-term and long term 20
notes receivables
● Financial statement presentation 21
● Subsequent measurement 22
● Simple and compound interest 23
● Interest-bearing and non-interest bearing note 14% 10 24
● Lump sum and installment payments 25
● Semi-annual and non-uniform cash flows 26
● Cash price equivalent 27
● Deferred annuities 28
● Pre-acquisition accrued interest 29
6 Accounting for Non-Trade Receivables (Additional
Concepts)
● Origination costs and fees 30
● Impairment 31
7% 5
● Derecognition of receivables 32
● Offsetting a financial asset and a financial liability 33
● Receivable Financing 34
7 Investments
● Financial Instruments 35
● Initial recognition and financial statement 36
presentation
● Classification of financial assets 9% 6 37
● Initial and subsequent measurement 38
● Financial assets measured at FVPL 39
● Investment in equity securities measured at 40
8 FVOCI
Accounting for Investment in Debt Securities
● Investment in bonds measured at amortized cost 41
● Concept of discount and premium 42
● Recognition of interest income/investment 9% 6 43
income
● Acquired interest and transaction costs 44
● Kinds of bonds 45
● Financial asset measured at FVOCI (mandatory) 46
9 Accounting for Investment in Associates
● Initial recognition and measurement 47
● Application of equity method 48
● Potential voting rights and effect of cumulative 49
10% 7
preference
● Relationshipshares
between investment in associate 50
account
● Change and
to associate’s equity - gain of significant
the equity method 51
influence
● Share in losses 52
● Impairment loss 53
10 Investments - Additional Topics
● Regular way of purchase or sale of financial asset 54
● Reclassification and impairment 55
● Dividends 56
10% 7
● Measurement at cost 57
● Share split, special assessment and stock rights 58
● Investment in bonds with detachable warrants 59
● Disclosure of risks on financial instruments 60
11 Other Long-term Investments
● Sinking fund 61
● Preference share redemption fund 62
7% 5
● Asset replacement fund and expansion fund 63
● Contingency fund and insurance fund 64
● Cash surrender value 65
12 Basic Derivatives
● Definition and purpose of derivative 66
● Common types of derivative 67
7% 5
 7% 5
● Measurement of derivative 68
● No hedging designation 69
● Accounting for non-designated derivatives 70
70
100%

COMMENTS / SUGGESTIONS
AU ok with TOS
COC
UI
UPANG
SWU
ACCOUNTANCY
ONS

Skills, ValuesQualification Descriptor

Application Independence
(30%) (50%) (20%)
Remembering & Analyzing &
Application
Understanding Evaluating

1
1
1

1
1
1
1
1
1
1
1

1 1
1
1

1
1
1
1

1
1
1
1
1
1
1
1
1
1
 1
1
1
1
1

1
1
1
1
1
1

1
1
1
1
1
1

1
1
1
1
1
1
1

1
1
1
1
1
1
1

1
1
1
1
1

1
1
 1
1
1
21 35 14
30% 50% 20%
 PHINMA EDUCATION
COLLEGE OF MANAGEMENT AND ACCOUNTANCY
TABLE OF SPECIFICATIONS

PEN Code: ACC 107

Subject: Intermediate Accounting, Part 2
Semester: 1st Semester
School Year: 2019-2020

No. of Item
No. Topics/Outcomes Weight Placement
Items
1 Accounting for Inventories and Inventory Estimation
Initial recognition and measurement of inventorie 1-4
Goods in transit and consigned goods 5-6
Inventory financing arrangement 22% 16 7-8
Net realizable value, inventory write-down 9-11
Periodic and perpetual inventory system 12-13
Inventory costing methods 14-16
2 Accounting for Agriculture and Government Grants
2.1 Differentiating biological assets, bearer plants, a 17-18
2.2 Stating the initial and subsequent measurement of 14% 10 19-21
2.3 Defining and identifying government grants 22-23
2.4 Illustrating the presentation of government grants 24-26
3 Accounting for Property, Plant and Equipment & Borrow
3.1 Identifying the modes of acquisition of property, 27-28
3.2 Preparing journal entries in recording cost of PPE 29-30
3.3 Evaluating the subsequent measurement of items 31-32
22% 15
3.4 Defining, illustrating and recording depreciation. 33-35
3.5 Accounting for revaluation of property, plant an 36-37
3.6 Identifying disclosure of accounting policies on P 38-39
3.7 Recording cost and depletion of exploration for a 40-41
4 Accounting for Borrowing Costs
Specific borrowing 42-43
General borrowing 10% 7 44
Capitalization during extended period of construc 45-46
Limitation on borrowing 47-48
5 Accounting for Investment Property
4.1 Defining and identifying investment property 49-50
4.2 Stating the initial and subsequent measurement o 12% 8 51-52
4.3 Illustrating and recording investment property us 53-55
4.4 Accounting of investment property reclassificatio 56
6 Accounting for Intangible and Other Assets
5.1 Defining and classifying intangible assets 57-58
10% 7
5.2 Illustrating the initial and subsequent measuremen 59-61
 10% 7

5.3 Recording acquisition and amortization of intangib 62-63

7 Accounting for Impairment of Assets
6.1 Defining and illustrating impairment of assets 64-65
10% 7
6.2 Evaluating of impairment of individual assets and 66-68
6.3 Preparing journal entries for the reversal of impa 69-70

TOTALS 70
% 100%

COMMENTS / SUGGESTIONS
AU ok with TOS
COC
UI
UPANG
SWU
N
ACCOUNTANCY
ONS

Skills, ValuesQualification Descriptor

Application Independence
(30%) (50%) (20%)
Remembering & Analyzing &
Application
Understanding Evaluating

1 2 1
1 1
1 1
1 1 1
2
2 1

1 1
1 1 1
1 1
2 1

1 1
1 1
1 1
1 1 1
2
1 1
1 1

1 1
1
1 1
1 1

1 1
2
1 1 1
1

1 1
1 1 1
 1 1

1 1
2 1
1 1

21 35 14
30% 50% 20%
 PHINMA EDUCATION
COLLEGE OF MANAGEMENT AND ACCOUNTANCY
TABLE OF SPECIFICATIONS

PEN Code: BAM 241

Subject: Business Laws and Regulations
Semester: 1st Semester
School Year: 2019-2020

No. of
No. Topics/Outcomes Weight Item Placement
Items
1 Partnership
General Provisions 1-3
Obligations of the Partners 21% 21 4-10
Dissolution and Winding Up 11-16
Limited Partnership 17-21
2 Corporation
General Provisions, Definitions and Classifications 22-26
Incorporation and Organization of Private Corporat 27-31
Board of Directors/Trustees and Officers 32-34
Powers of Corporations 35-39
Bylaws 40-42
Meetings 43-45
Stocks and Stockholders 46-50
Corporation Books and Records 58% 58 51-54
Merger and Consolidation 55-57
Appraisal Right 58-61
Non-stock Corporations 62-65
Close Corporations 66-69
Special Corporations 70-71
Dissolution 72-74
Foreign Corporation 75-76
Investigations, Offenses and Penalties 77-79
3 Cooperatives
Membership 80-81
Administration 82
Responsibilities, Rights and Privileges of Cooperati 83-85
Insolvency of Cooperatives 86-87
Dissolution of Cooperatives 21% 21 88-89
Capital, Property and Funds 90-91
Audit, Inquiry and Members’ Right to Examine 92-94
Allocation and Distribution of Net Surplus 95-96
Types of cooperatives (banks, insurance, public servic 97-99
Miscellaneous & Final Provisions 100
 100
100%

COMMENTS / SUGGESTIONS
AU ok with TOS
COC
UI
UPANG
SWU
CCOUNTANCY
NS

Skills, ValuesQualification Descriptor

Application Independence
(30%) (50%) (20%)
Remembering & Analyzing &
Application
Understanding Evaluating

2 1
2 3 2
1 3 2
1 3 1

2 2 1
1 2 2
1 2
1 2 2
2 1
1 2
1 2 2
1 2 1
1 1 1
1 2 1
1 2 1
1 2 1
1 1
1 2
1 1
1 2

2
1
2 1
2
2
2
2 1
2
1 1 1
1
 30 50 20
30% 50% 20%