BSA

This course covers the concepts and principles in advanced financial accounting and reporting and the application of these accounting concepts including techniques and methodology to problems likely to be encountered in practice. It includes problems involving accounting for special transactions and their effects and presentation in the financial statements including among others: accounting for partnerships, corporate liquidation, joint arrangements, revenue recognition, home office and branch/principal and agency transactions, business combinations and consolidations, foreign currency transactions and translations, not for profit organizations, including government accounting and cost accounting.

This course is designed to orient the students to accounting and reporting in the government, not-for-profit organizations, insurance, banks and other related industries. Topics discussed are concepts and transactions related with government budgeting, accounting and auditing; accounting and reporting for not-for profit organizations (NPOs) such as hospitals, colleges and universities, voluntary, health and welfare organizations (VHWO), and other NPOs. This course also includes basic concepts related with insurance companies, both life and non-life, banks, and service concession arrangement. This course is also designed to distinguish between profit and non-profit organizations.

This course covers the understanding and application of auditing principles, standards and concepts which will be used to described and perform test of controls and substantive analytical procedures related to the following transaction cycles. Mainly the procedures will include both test of control and substantive procedures related to audit of cash; receivables; inventories; property, plant and equipment; investment property; intangible assets and related accounts.

This course is designed to acquaint students with the role of accounting in the management team by providing and assisting in the analysis , interpretation, and forecasting of business organizations. It covers the discussion of the foundation of management accounting; its expanding role, organizational structure, and professional ethics for management accountants; design of management accounting systems (e.g., responsibility accounting system), evaluating the impact of changes in business structure, functions and appropriateness of management accounting techniques and methods; basic interpretation and use of financial statements; performance measurement for planning and control such as marginal, absorption, and opportunity costing, cost behavior, cost volume profit analysis; quantitative techniques and methods for planning and control. This course also deals with the application and techniques focusing on segment reporting, profitability analysis and decentralization, information for decision making purposes (short term and long term) and nonfinancial indicators such as productivity per employee or per service unit; decision making affecting short run operations; pricing of goods and services and environmental cost accounting

Financial reporting frameworks and standards continuously evolve to ensure relevance and faithful representation of financial information presented in an entity’s financial statements. Amendments, revisions, and promulgation of new financial reporting standards are necessary to encompass and address the changes in the business environment due to innovative business practices and emerging business models. This course aims to update the learners on the current issues on financial reporting. Recently released financial reporting frameworks and standards, including application guidance and interpretations of the authoritative bodies and regulatory agencies are explored in this course.