MG 1 - PRINCIPLES OF MANAGEMENT AND ORGANIZATION

This is an introductory course in management for business and accountancy students who need to grasp the big picture of management concepts, processes, and techniques as practiced today in business, industry, and government. The students gain a solid grasp of how effective managers orchestrate human resources and their own energies to contribute to an organization's successful achievement of its mission and bottom-line goals.

MG2 - HUMAN BEHAVIOR IN ORGANIZATION

This course provides a broad introduction to the structure and function of organizations and the behavior of people in them, focusing on public and nonprofit organizations. The primary purpose of the course is to equip students with an under-standing of organizational concepts and practical techniques for managing effectively in challenging environments. Topics discussed include organizational behavior, rational and natural organizations, open systems and organizational environment, personal assessment of managerial skills, leadership, employee empowerment, motivation, diversity, managing conflict, negotiation, communication, leadership and working in groups and teams, managing change, and managing stress.

MK1 PRINCIPLES OF MARKETING

This course introduces students to the nature of marketing, the fundamentals of marketing strategy and marketing environment. It explores global competition, ethical and moral marketing behaviors, the business environment under which marketing operates and the role of technology in a changing world. It investigates the marketing of goods and services by commercial organizations as well as the marketing of ideas by not-for-profit firms. Major topics discussed are: nature of marketing, nature of distribution, promotion and advertising, pricing, impact of the global economy on marketing and special topics such as strategies for new products and the product life cycle (PLC), marketing of high quality services and integrated marketing communications.

AC1 - FUNDAMENTALS OF ACCOUNTING, PART I

This course provides an introduction to accounting, within the context of business and business decisions. Students obtain basic understanding of the principles and concepts of accounting as well as their applicability and relevance in the national context and learn how to use various types of accounting information found in financial statements and annual reports. Emphasis is placed on understanding the reasons underlying basic accounting concepts and providing students with an adequate background on the recording, classification, and summarization functions of accounting to enable them to appreciate the varied uses of accounting data.

FN1 - BASIC FINANCE

This course is a study of the functions of business finance. It covers basic financial principles such as money, banking and interest rates. Also discussed in detail are the Philippine financial system, time value of money, risk and return, basic concepts in international business and global finance, and the use of accounting information for financial decision-making. The main purpose of the course is to provide students with the basic financial background necessary to understand the corporate segment of the economy.

ITE3LL - FUNDAMENTALS OF PROGRAMMING AND DATABASE THEORY AND APPLICATIONS

This is an introductory course on programming and will teach the student basic programming skills. Topics include: fundamentals of programming methodology, software lifecycle, requirements and specifications, software design, design methodologies, verification and testing. The course also introduces the student to database management systems. It focuses on fundamentals/entity relationships and data flow diagrams, access database fundamentals, random on-line access, shared data (use of common data structures) and system flexibility, efficient and reliable storage, and the relational data base management system (RDBMS).

AC2 - FUNDAMENTALS OF ACCOUNTING, PART II

This is a continuation of the first course in accounting. It deals with transactions, financial statements, and problems peculiar to the operations of partnerships and corporations as distinguished from sole proprietorships. Topics include: partnership formation and operations including accounting for the admission of partners, changes in capital, and profit- and loss-sharing ratios; the conversion of an unincorporated enterprise into a corporation; accounting for incorporated enterprises, including corporate organizations, paid-in capital, accumulated earnings (loss), dividends and treasury shares. It will also cover the preparation of financial statements for internal and external purposes, accounting information systems manual and computerized special journals; understanding balance sheet, income statement, statement of cash flows and statement of changes in equity; financial statements of companies in the service, manufacturing and trading industries; and analysis of accounting information and decision making.

BL1 - LAW ON OBLIGATIONS AND CONTRACTS

This course gives the student an understanding of the legal concepts and rules governing the law of obligations and contracts and application of these concepts to practical problems. It involves a discussion of the nature, sources, kinds, and extinguishments of contracts including defective con-tracts and other miscellaneous topics relevant to the course.

TA1 - PHILIPPINE TAX SYSTEM & INCOME TAX

This introductory Taxation course is primarily concerned with income taxation. The objective is to develop a working knowledge of the basic principles and rules of the income tax system as these apply to individuals, partnerships and corporations. It covers an overview of the national tax system, and the income taxation of employees and unincorporated businesses and incorporated businesses. It provides the students with knowledge of the capital gains tax, final tax on certain passive income, and the year-end tax.

Including the minimum corporate income tax, the normal tax, and the improperly accumulated profits tax of corporations and withholding taxes. Tax forms are provided for specific topics discussed.

EC5 - MICROECONOMIC THEORY AND PRACTICE

This course introduces the student to the three pillars of economic analysis (choice, scarcity, and coordination) and the mathematical techniques that economists use to represent these ideas (optimization, equilibrium, and adding-up constraints). Most of the course is devoted to “price theory”, elasticity, price regulation and consumer choice, which is the analysis of the role that price play in facilitating coordination in a market economy. The last part of the course deals with situations where coordination through prices may not result in desirable outcomes. This includes market structures: competition and monopoly, and monopolistic competition and oligopoly.

MG6A - GOOD GOVERNANCE AND CORPORATE RESPONSIBILITY

This course is designed to inform and stimulate thinking on issues of ethics and social responsibility encountered in business. The material covered is intended to prepare students to recognize and manage ethical and social responsibility issues as they arise, and to help them formulate their own standards of integrity and professionalism. The overall course objectives are to increase awareness of the ethical dimension of business conduct, to contribute insight into the professional standards and responsibilities of students in their future careers; to develop analytical skills for identifying and resolving ethical and social responsibility issues in business; and to practice decision making about ethical and social responsibility issues.

ITE6LL - IT CONCEPTS AND SYSTEMS ANALYSIS AND DESIGN

This course is designed to provide Accountancy students with an overview of the systems analysis and design concepts, methodologies, techniques, and tools. The course starts with a discussion of the general system concepts, management’s use of information, IT infrastructure and rules as they pertain to accounting, accountant’s functions with respect to IT, the management of IT adoption, implementation and use, managing the security of information, and electronic commerce. It then proceeds to a discussion of the systems development environment, system development life cycle, system analysis and design techniques, system acquisition, development life cycle phases, tasks and practices and maintaining control over system development processes, and accounting system design issues.

AC12 - ACCOUNTING INFORMATION SYSTEMS

Accounting Information Systems (AIS) introduces students to the systems that underlie bookkeeping, accounting, financial reporting, tax reporting, and auditing in all business firms. Such systems are increasingly complex and in a continual state of flux do to rapidly changing technologies and security risks. In this course, the students learn about the development standards and practices for accounting information systems and gain hands-on experience in, the use of electronic spreadsheet software for advanced business analysis, and to gain hands-on experience with a commercial accounting software package.

AC15 - AUDITING IN A CIS ENVIRONMENT

This course complements the course in auditing. It discusses information technology (IT) -related risks, security and control mechanisms and techniques that may be employed to address the risks, and the impact of computer use on the audit. It also introduces computer assisted audit techniques and tools.

In this course, students gain an appreciation of the particular features and understanding of the risks involved in auditing in a CIS environment, the CIS controls they would expect to find in this particular area, how auditors use CAATS (Computer Assisted Audit Techniques) in this area. The students gain hands-on experience in the use of computers in performing audits.

BM2 (TO CAS) - QUANTITATIVE TECHNIQUES IN BUSINESS

This course seeks to: enhance the student’s ability to perform the quantitative analysis necessary, understand the usefulness and limitations of the methods, recognize situations where the methods can be applied beneficially, and be aware of the issues involved when utilizing the results of the analyses. Coverage is topical and includes review of basic statistics principles, regression analysis, time-series analysis, non-parametric statistics, and quantitative analysis techniques such as matrices, graphic linear inequalities, graphical sensitivity analysis, linear programming, simulation, optimization theory, decision analysis, and decision trees. The introduction of concepts via cases in decision making related to operations and strategies is preferred whenever appropriate.

EC6 (TO CAS) - MACROECONOMIC THEORY AND PRACTICE

This course is concerned with the behavior of the economy as a whole. Macroeconomics addresses the determination of the economy's total output of goods and services (GDP), the growth of output, the determinants of the price level and the rate of inflation, the factors that determine employment (and unemployment), the balance of payments, and exchange rates. The purpose of this course is to address macroeconomics in theory and practice.

MG4 - PRODUCTION AND OPERATIONS MANAGEMENT

This course examines the subject of production and operations management (POM) and discusses its importance to the overall strategy and competitiveness of a firm. In addition, this course focuses on specific tools used to manage and enhance a firm's operations and production, such as facility layout, product design, aggregate planning, inventory management, and forecasting. Other topics include process analysis and selection, operations scheduling, quality management and statistical quality control and project management.

MG8 - BUSINESS POLICY AND STRATEGY

The aim of this course is to provide students with a broad overview of the basic concepts in strategic management. Students are exposed to a number of frameworks and models to better understand and analyze the macro-environment, the industry environment, and firm level resources. The end goal is for the students to be able to think strategically, as opposed to only having a functional orientation, and to formulate and to implement creative and innovative strategies that are conducive to the demands of the firm and the environment in which it resides. Together with Management Consultancy, this course serves as an integrative course to be taken in the last term/semester.

BL2 - LAW ON BUSINESS ORGANIZATIONS

This course is intended to give the students a broad knowledge of legal provisions governing business associations - limited liability company, partnership, and corporations. Topics include: nature of partnerships; elements and kinds of partnership; formalities required; rules of management, distribution of profits, and sharing of losses and liabilities; modes of dissolution; limited partnership; nature and classes of corporations; requirements for incorporation; powers of a corporation (expressed, implied, and incidental); Board of Directors; classes of stock; powers and obligations of stockholders; majority and minority controls; corporate reorganization (mergers, consolidations, and other business combinations);

modes of dissolution and liquidation; and statutory books, records, and returns required for a corporation. Also discussed are the laws of associations such as clubs.

BL4 - LAW ON NEGOTIABLE INSTRUMENTS

This course deals with the provisions of the law on negotiable instruments. It includes discussions on topics on negotiability of the instruments; functions and kinds of negotiable instrument; construction of ambiguous instrument; forgery and its effect; consideration; accommodation party; manner and consequence of transfer of instruments; striking out endorsements; requisites of holder in due course; defense of the parties; discharge of negotiable instruments and the parties secondarily liable; liabilities of the parties; effects of alteration; and other kinds of instruments such as promissory notes and bills of exchange. Some of the major themes that will be explored in class include the process of negotiation and collecting (i.e., paying and getting paid), loss allocation (who pays when there is a problem), and emerging payment systems using new technology and the Internet (credit and debit card systems).

BL3 - SALES, AGENCY, LABOR AND OTHER COMMERCIAL LAWS

This course deals with the law on sales covering contracts for the sale of goods including nature, forms, and requisites, distinguished from dacion en pago, cession in payment contract for a piece of work, and barter; earnest money as distinguished from option money; rights/obligations of vendee and vendor; remedies of unpaid seller; warranties; sale with a right to repurchase or conventional redemption and legal redemption; sale on credit; and installment sales (personal property – Recto law, real property – Maceda law). It also covers the law on agency; its nature, form, and kinds; obligations of the agent and of the principal; and modes of extinguishments. Also discussed are pertinent provisions of the Labor Code and the law on credit transactions such as loan, deposit, guarantee, pledge, real mortgage, antichresis, and chattel mortgage.

Other relevant laws on commerce and trade such Omnibus Investment Code, Foreign Investments Act, and Retail Trade Liberalization Law are also discussed.

TA2 - BUSINESS AND TRANSFER TAXES

This course involves an intensive study of the business and transfer tax system, including the estate tax, the gift tax, and transfer tax. The relationship between these three donative transfer taxes, and between the transfer taxes and the income tax, are emphasized. The policy underpinnings of wealth transfer taxation, and the reasons for the recent erosion in its political support, will be explored. The Expanded Value-Added Tax and percentages taxes are also discussed.

FM1 - FINANCIAL MANAGEMENT I

This course provides the synthesis of financial policy into a grand strategy which integrates organizational purpose and goals. The focus of the course is on current thinking regarding valuation of the firm, investment decision processes, financing, and dividend policy, asset management and financial strategies and portfolio theory. This course also covers the financial analysis (interpreting and analyzing financial statements for indications of business performance and use of computers for financial analysis, assessing information weaknesses in financial statements), planning, and concept of risk. It includes the formation and use of current assets, working capital, and credit policy. Finally, the course includes the understanding of long term financing instruments and the capital structure.

FM2 - FINANCIAL MANAGEMENT II

The course is a continuation of Financial Management I and provides a conceptual framework within which key financial decisions and risks relating to corporations are analyzed. This analysis considers shareholder wealth maximization, long-term financing, capital budgeting, risk management (the nature of risk, risk concepts, benefits of risk management, risk management processes, enterprise-wide risk management,

managing operating risk and financial risk, credit risk models including Basel II) capital acquisition analysis, capital structure decision, valuation of financial instruments, and the dividend decision. It also examines the main types of derivative contracts: forward contracts, futures, swaps and options, and how these instruments are used in managing and modifying financial risks.

AC3 - FINANCIAL ACCOUNTING & REPORTING, PART I

This course introduces the nature, functions, scope, and limitations of the broad field of accounting theory. It deals with the study of the theoretical accounting framework objectives of financial statements, accounting conventions, and generally accepted accounting principles, standard setting process for accounting practice, national as well as international principles relating to the preparation and presentation of financial statements, the conditions under which they may be appropriately applied, their impact or effect on the financial statements; and the criticisms commonly leveled against them. The course covers the detailed discussion, appreciation, and application of accounting principles covering the assets, financial and non-financial. Emphasis is given on the interpretation and application of theories of accounting in relation to cash, temporary investments, receivables, inventories, prepayments, long-term investments, property, plant and equipment, intangibles, and other assets, including financial statement presentation and disclosure requirements. The related internal control, ethical issues, and management of assets are also covered. Exposure to computerized system in receivables, inventory, and lapsing schedules is a requirement in this course.

AC4 - FINANCIAL ACCOUNTING & REPORTING, PART II

This course is a continuation of Financial Accounting & Reporting, Part I. It is designed to cover the financial account-ing principles relative to recognition, measurement, valuation, and financial statement of presentation of liabilities and shareholders’ equity, including disclosure requirements.

The related internal control, ethical issues, and management of liabilities and owner(s)’ equity are also covered. It also deals with contemporary issues such as leases, employees’ retirement benefits, deferred taxes, and other current related items.

AC5 - FINANCIAL ACCOUNTING & REPORTING, PART III

This course is the culmination of the Financial Accounting cluster. It deals with the preparation of a properly classified balance sheet, income statement, statement of changes in equity, and statement of cash flows, including the required disclosures and notes to the financial statements. It also covers reconstruction of accounts from incomplete records, change from cash basis to accrual basis of accounting, correction of errors, accounting changes, discontinued operations, earnings per share, accounting for changing pric-es, interim reporting, segment reporting, and other current related items. The students will also be exposed to the financial statements of specialized industries.

AC6 - COST ACCOUNTING & COST MANAGEMENT

This course is designed to orient the students to the cost accounting and cost management framework of business. Topics discussed are: overview of cost accounting; manufacturing cost accounting cycle; costing methods: job and process cost systems; accounting, planning, and control for materials, labor, and overhead; accounting for joint and by-product costs; and cost management systems (CMS) for the new manufacturing environment such as activity-based cost-ing, target costing, total quality management, value reengineering, and theory of constraints. Also discussed is the impact of environmental concerns on costs.

AC9 - MANAGEMENT ACCOUNTING, PART I

This course is designed to acquaint students with the role of the accountant 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 relationship; advanced analysis and appraisal of financial and related information; business planning and budgetary systems; standard costing and variance analysis; quantitative techniques; and methods for planning and control.

AC10 - MANAGEMENT ACCOUNTING, PART II

This is the second part of Management Accounting and deals with the application of techniques and concepts focusing on segment reporting, profitability analysis, and decentralization; information for decision-making purposes (short-term and long-term and non-financial indicators such as productivity per employee or per service unit; decision making affecting short-run operations of the company; capital budgeting decisions; pricing of goods and services; and environmental cost accounting.

AC16 - MANAGEMENT CONSULTANCY

This course covers basic considerations of management consultancy engagements by CPAs; areas of management consultancy, professional attributes of management standards, and ethical considerations. It also covers project feasibility – aspects of project development cycle, economic aspect, technical aspect, financial aspect (investment cost, financing, evaluation); information system (IS) engagement, management/operations audits, and business process improvement/reengineering. Together Business Policy and Strategy, this course serves as an integrative course to be taken in the last term/semester.

AC7 - ADVANCED FINANCIAL ACCOUNTING & REPORTING, PART I

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 and associated enterprises (including International Accounting Standards Statements Nos. 24, 28, and 31); accounting for domestic branches; accounting for installment sales; accounting for long-term construction contracts; fire insurance accounting; and other special issues such as build-operate-transfer (BOT) and similar schemes.

AC8 - ADVANCED FINANCIAL ACCOUNTING & REPORTING, PART II

This course is a continuation of Advanced Financial Accounting & Reporting, Part I. It 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 and other similar current issues. Also discussed are debt restructuring, accounting for financially distressed corporations, accounting for the winding up of an enterprise and accounting variations among countries.

AC13 - ACCOUNTING FOR GOVERNMENTAL, NOT-FOR-PROFIT ENTITIES AND SPECIALIZED INDUSTRIES

This course is the last part of the advanced financial accounting and reporting for government and not-for-profit organizations such as universities, NGOs and hospitals accounting and specialized industries like banking, insurance and extractive industries. A large part of the course covers the Philippine Government Accounting Standards (PGAS) and the New Government Accounting System (NGAS) pre-scribed by the Commission on Audit.

AC11 - ASSURANCE PRINCIPLES, PROFESSIONAL ETHICS AND GOOD GOVERNANCE

This course is designed to expose students both to the demand for and the supply of the profession’s flagship service - financial statement audits - and to the nature of the value added assurance services which decision makers demand in the information age. Topics include: nature of the accounting profession, auditing and assurance fundamentals: relationship among assurance, attestation, and audit ser-vices; consulting vs. assurance services; types of attestation services (agreed-upon procedures engagement and review engagement); types of audits (internal, external or financial statement audits, government audit, and special purpose audits); relationship of accounting and auditing; other services (operational audits, compliance audits, and non-attest services); professional standards: assurance standards and attestation and auditing standards; public sector regulation of accounting practice and legal liability; the framework of financial statements auditing: risk-based approach as audit methodology; audit evaluation and planning, including the concept of risk and materiality; assessing internal controls, and tests of controls including internal controls in computer-based business systems; performance of an audit: evidence collection, analysis, and substantive tests; reporting: reports on assurance services, attestation services, and financial statement audits; and completing the audit including communications with board of directors and management concerning internal control weaknesses. Also discussed in detail are the basic professional values and the Code of Ethics for Professional Accountants and SEC’s Code of Corporate Governance.

AC14 - APPLIED AUDITING

This is a continuation of Assurance Principles, Professional Ethics and Good Governance, focusing on financial statements audit. It covers detailed approaches to problems and situations normally encountered in the independent examination of cash, receivables, inventories, investments, prepaid expenses, deferred charges, property, plant and equipment, intangibles, liabilities,

owners’ equity, and revenue and expenses. It deals specifically with the applica-tion of auditing standards, techniques, and procedures; internal control evaluation; preparation of audit working papers; introduction of computer application in auditing; audit adjustments; and audit reports pertaining to a medium-sized manufacturing or trading concern. The determination of audit objectives and audit programs, evaluation of internal control, and determination of substantive procedures as applied to various accounts are better appreciated as the transaction cycle approach is employed in the course. Audit working papers and audited financial statements are the natural outputs of this course leading to the preparation of audit reports.

INT - INTERNSHIP

This is an applied academic experience conducted under joint faculty and employer supervision which requires a minimum of one semester and will include a 200 contact hours. This may be in the areas of accounting, external audit, internal audit, or taxation. Each intern registers for this course which will be given three hours credit. A regular letter grade will be given at the end of the internship with input from both the employer and the accountancy Program Coordinator. Each internship assignment shall be substantial and practical, including analysis, evaluation, and application of business, accounting, and auditing concepts; be subject to periodic documentation of progress and review by both the employer and the Accountancy Program Coordinator; and culminate in a final evaluation prepared by the employer and a final course grade awarded by the Accountancy Program Coordinator. Students are required to submit a written report documenting the tasks, responsibilities, learning experiences, training, and hours worked. Reports should include comments on areas such as human relations aspects of their work, including leadership and management skills; importance and emphasis on teamwork as opposed to individual work; technical, intellectual, physical, and social challenges;

work schedule; and how the B.S Accountancy Program course work prepared them for internship. The report should also cover the following: (a) description of key tasks and responsibilities performed during their internship, including their assessment of the most valuable things you learned; (b) evaluation of the training and overall learning environment provided by their employer; (c) evaluation of their internship experience and how it has impacted their career goals; (d) how well the Accountancy Program prepared them for the internship including a description of how their formal education and work experience interrelate; (e) recommendations for improvement of their specific internship position and the Accountancy Internship Course in general; and (f) total number of hours worked during internship.

AC18 - SYNTHESIS

Accounting Synthesis is a one unit course that provides an integrating framework and experiences for understanding the roles of accountants, their functions, and how they fit within the context of business and the larger environment. Students will acquire knowledge and develop the skills necessary to be effective in organizations and to learn general principles associated with their profession as accountants. A paper integrating the concepts taught in all courses is required. Students exhibit knowledge of these concepts by making an informed decision on a current accounting/financial issue. The course is designed to cultivate students' ability to make strategic decisions logically based on multidimensional anal-yses of corporate structure, strategy, finance, and so forth.

AC17 - GENERAL REVIEW IN PREPARATION FOR THE CPA BOARD EXAM.

This course covers the review of the basic concepts, principles, terminology, objectives, techniques and methodologies on the following subject areas that are given in the CPA Licensure Examination: a) financial accounting and financial statements and related issues and topics; b) advanced financial accounting; c) management accounting; d) auditing theory; e) auditing problem; f) business law; and g) taxation.

Due to the limitation of time, some topics will not be discussed during the review, but instead, the course will focus on topics where the students’ knowledge and proficiency are weak.

A. To equip the students with the core competencies of professional public, private and government accountants with the knowledge, skills, and values which are considered necessary in order for them to perform effectively in today’s rapidly changing environment.

1. Knowledge includes know-how in accounting and finance, information technology, organization and business, world cultures, and foreign business practices.
2. Skills are the abilities in analysis, problem-solving, critical thinking, interpersonal, quantitative, and communication.
3. Values comprises professional ethics and good moral values.

B.  To develop the students’ proficiency in the international accounting/financial reporting and auditing standards, as well as the capability to perform research for them to become globally competitive.

C.  To develop a curriculum congruent to those prepared by the CHED, Board of Accountancy and professional certification associations to enable the students to pass the CPA Licensure Examination and other certification examinations.

D. To provide opportunities for students to undergo professional internship/practicum in their field of specialization in order to help them effectively adapt to the real world of business.

E. To hire faculty members who possess the educational qualification, professional experience, classroom teaching ability, computer literacy, and other attributes essential for the successful conduct of the BSA program and who embody the essential Recoleto educational qualities of God-centeredness, People and Family Focus and Service-orientation.

F.  To provide for the continuing professional development of faculty members.

G. To promote linkages and networking with other schools, professional organizations, and business and industry.

H. To guide the students to become well rounded Christians for them to develop a service-oriented attitude towards their families, community, and the business world.

I. To inculcate in the students a clear concept of their social responsibilities, namely:

I.  The commitment to the pursuit of discipline and excellence in performing their professional work and engaging in activities for community improvement and national well being.

II. The integration of an attitude of compassion, generosity, justice, fortitude, prudence, perseverance and temperance particularly in the practice of the virtue of charity.

III.  The practice of faith, integrity, Marian devotion and teamwork in order to depict a sense of humility in the midst of professional and personal achievements and success.