BSA

This course deals with specialized accounting problems likely to be encountered by accountants. The study of the various topics in this course is based upon fundamental valuation accounting and accounting theory as applied to special income and expense recognition methods and expanded business operations. This course includes specialized problems in partnership accounting; accounting for joint ventures; accounting for domestic branches; accounting for installment sales; and accounting for long-term construction contracts. At the end of this course, the student will be able to apply and understand the different accounting approaches for different special transactions that an entity may encounter.

This course is designed to provide students with the conceptual knowledge and understanding of the fundamental theory of auditing and assurance services, and the philosophy underlying audits with emphasis on external auditing as performed by independent Certified Public Accountants and the management of public accounting practice. 

The course covers Generally Accepted Auditing Standards specifically, Philippine Standards on Auditing (PSA), the Philippine Accountancy Act of 2004, internal and external auditing, internal controls, manual records, audit objectives, audit techniques, audit programs and procedures, and audit reports and ethical standards affecting the accountancy profession are also taken up.

The module “Knowledge Management” introduces basic concepts and ideas on knowledge acquisition, creation and externalization in modern organization. The main aim of the module is to enable students to acquire a critical understanding of knowledge as a driver of organization inimitable strategic capabilities. This module addresses different aspect of knowledge management: knowledge taxonomies, intellectual assets evaluation, SECI model and its application, knowledge driven value creation, cross-cultural issues in KM. In discussing these issues, the students acquire deeper understanding of knowledge phenomenon; develop their analytical skills for diagnostic of organization intellectual ability as well as managerial skills for knowledge based strategy implementation.

The goal of this course is to develop the ability to conduct empirical research on (1) the role of accounting information in the firm (i.e., contracting and corporate governance, (2) how managers choose to exercise their discretion to implement their firms’ financial accounting, reporting, and disclosure strategies. In doing so, we will develop an understanding of the economic, finance, and accounting theory that underlies empirical accounting research. As we go through each study in this class we will focus on identifying and understanding three critical elements of each study: (1) the research question, (2) the motivation, and (3) the research design. An author must describe the incremental contribution to the literature to motivate his paper. Therefore, we will also build an understanding of the major results in the literature and evaluate the strength and weaknesses of each study.

This course deals mainly with consolidation and mergers, parent-subsidiary relationships, and consolidated statements, including foreign subsidiaries. The other topics deal with accounting for the effects of changes in foreign exchange rates, financial reporting in hyperinflationary economies, and accounting for derivatives and hedging transactions.