1. Subject Code:
2.
Subject Description: This course deals with the furtherance of the concepts and principles and theories
and practices of partnership accounting; and the various treatments and presentations of financial
elements and the detailed discussion of various financial transactions and activities of the entity.
3. Subject Objectives:
The students are expected to:
1.
2.
3.
4.
demonstrate a sound knowledge and functional understanding of the content of the course syllabus
and the Universitys academic policies;
possess understanding of the accounting concepts, principles and processes as applied to Special
Business Combinations, Accounting for Subsidiary, Inter-company Transactions, Foreign Currency
Translation, and other special topics in financial accounting and reporting;
recognize the value of financial accounting in both business and non-profit organizations and apply
concepts and procedures of Advanced Financial Accounting and Reporting in meeting the requirement
of the course such as quizzes, group work, case studies, and other problem solving activities;
describe the ethical standards and adhere to the basic principles in achieving the objectives in the
practice of Accounting.
4. Subject Coverage:
Wk
Day
1
1
2 (2)
1 (3)
2
2 (4)
1 (5)
2 (6)
1 (7)
4
2 (8)
1 (9)
5
2 (10)
1 (11)
2 (12)
Topic
Orientation
Course Objectives and Outcome
Business Combinations
Classification of Business Combinations
Methods of Accounting for Business Combinations
Accounting for Acquisitions
Purchase Method of Business Combination
Purchase of Net Assets
Purchase of Stock
Disclosure Requirements in the Notes to Financial Statements
Consolidated Balance Sheet Date of Acquisition
Nature of Consolidated Statements
Conditions for Preparation of Consolidated Financial Statements
Consolidated Balance Sheet
Consolidation Working Papers
Elimination Entries
Consolidated Balance Sheet of a Subsidiary
Purchase of a Subsidiary at Book Value
Purchase of a Subsidiary at Other Than Book Value
Push-down Accounting
Consolidated Financial Statements Subsequent to Date of Acquisition
Accounting for Operating Results of a Subsidiary
Equity Method
Cost Method
Consolidation of Wholly-owned Subsidiary
Consolidation of Partially-owned Subsidiary
Prelim Examination
1 (13)
7
2 (14)
1 (15)
2 (16)
1 (17)
2 (18)
10
1 (19)
2 (20)
11
1 (21)
2 (22)
12
1 (23)
2 (24)
1 (25)
13
2 (26)
1 (27)
14
2 (28)
1 (29)
15
2 (30)
1 (31)
16
17
2 (32)
1 (33)
2 (34)
18
1 (35)
2 (36)
5. Textbook:
Guerrero, P. (2013) Advanced Accounting (Volume 2), 2013 Edition. Manila: Conanan Educational
Supply
6. Subject Evaluation:
The minimum requirement for a passing grade is 75%, final grade from the following:
Prelim Period
Midterm Period
MG
CP
2/3
Formative
and
Summative
Assessment
TE
1/3
Exam
PG
CP
2/3
Formative
and
Summative
Assessment
TE
1/3
Exam
IMG
IMG
2/3
PG
1/3
CP
2/3
Formative
and
Summative
Assessment
Final Period
FG
TE
1/3
Exam
IF
G
IFG
2/3
Note: CP : Class discussion, Quizzes, Seat Work, Home Work, etc. (minimum of 4 assessment per term)
Aside from academic deficiency, other grounds for a failing grade are:
Any form of cheating
More than 20% of the total number of meetings missed in a semester
Failure to take the final examination with no valid excuse
7. Other References
Dayag, Antonio J. (2014) Advanced Accounting Volume 2, 2014 Issue, 2nd Edition. Manila: Resa Review
School
MG
1/3