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MATH 203 BUSINESS STATISTICS 3 Units

This course provides the student with the fundamental understanding of the concepts of probability theory and statistical inference necessary to effectively employ statistical methods in contemporary business situations. Topics covered are: probability concepts, probability distributions, sampling and sampling distributions, statistical estimation, hypothesis testing, regression, correlation, multiple regression, index members and output of the course is the ability to use statistical presentation as an aid to reporting information such as histograms, pie charts, ogives, pictograms, frequency polygons and the Lorenz curve. Prerequisite: Math of investment

MATH 305 QUANTITATIVE TECHNIQUES IN BUSINESS 3 Units

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 parametric statistics, and quantitative analysis techniques such as matrices, graphic 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. Prerequisite: Business Statistics.

ECON 202 MACROECONOMIC THEORY AND PRACTICE 3 Units

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. Prerequisite: Macroeconomic Theory and Practice

MNAG 302 PRODUCTION AND OPERATIONS MANAGEMENT 3 Units

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 firms 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. Prerequisite: Quantitative techniques in Business.

MNAG 404 BUSINESS POLICY 3 Units

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. Prerequisites: Production and Operations Management, Business Finance.

BLAW 302 LAW ON BUSINESS ORGANIZATIONS 3 Units

This course in 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. Prerequisite: Law on Obligations and Contract.

BLAW 403 LAW ON NEGOTIABLE INSTRUMENTS 3 Units

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 instruments; construction of ambiguous instrument; forgery and its effect consideration; accommodation party; manner and consequence of transfer of instruments; striking out endorsement; requisites of holder in due course; defense of the parties; discharge of negotiable instruments and the parties secondarily liable; liabilities of the parties; effect of the alteration; and other kinds of instruments such as promissory notes and bills of exchange. Some of the major theme that will be explored in class include the process if negotiation and collecting (i.e., paying and getting paid), loss location ( who pays when there is a problem), and emerging payment systems using new technology and the internet ( credit and debit card system). Prerequisite: Law on Obligations and Contract

BLAW 404 SALES, AGENCY, LABOR AND OTHER COMMERCIAL LAWS 3 Units

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 piece of work, and barter; earnest money as distinguished from option money; right/ 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- Marceda 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 of 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 Investment Act, and Retail Trade Liberalization Law are also discussed. Prerequisite: Law on Obligation and Contract

TAXN 402 BUSINESS AND TRANSFER TAXES 3 Units

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 donatives 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. Prerequisite: Income Taxation.

FINA 302 BUSINESS FINANCE 3 Units

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 port folio 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 concepts 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. Prerequisite: Financial System.

FINA 403 FINANCIAL MANAGEMENT 3 Units

The course is a continuation of business finance 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, swap and options, and how these instruments are used in managing and modifying financial risks. Prerequisite: Business Finance.

ACCT 203 FINANCIAL ACCOUNTING THEORY AND PRACTICE 1

3 Units

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 convention, 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 criticism 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 investment, 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. Prerequisite: Fundamentals of accounting II.

ACCT 204 FINANCIAL ACCOUNTING THEORY AND PRACTICE, PART 2 6 Units

This course is continuation of Financial Accounting & Practices, Part I. It is designed to cover the financial accounting 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. Prerequisite: Financial Accounting Theory and Practice I.

ACCT 305 FINANCIAL ACCOUNTING THEORY AND PRACTICE, PART 3 3 Units

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 of the financial statement. 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 of changing prices, interim reporting segment reporting, and other current items. The students will also be exposed to the financial statements of specialized industries. Prerequisite: Financial Accounting Theory and Practice II.

ACCT 307 COST ACCOUNTING & MANAGEMENT 6 Units

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 system; accounting, planning, and control for materials, labor, and overhead; accounting for joint and by-product cost; and cost management systems(CMS) for the new manufacturing environment such as activity-based costing, target costing, total quality management, value reengineering, and theory of constraints. Also discussed is the impact of environmental concerns on cost. Prerequisite: Financial Accounting Theory and Practice I.

ACCT 411 MANAGERIAL ACCOUNTING 6 Units

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 statement,; performance measurement of planning and control such as: marginal, absorption, and opportunity costing; cost behavior; cost-volume-profit relationship; advance 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.

This also 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. Prerequisite: Cost Accounting and Management.

ACCT 413 MANAGEMENT CONSULTANCY 3 Units

This course cover 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 audit, 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. Prerequisite: Managerial Accounting.

ACCT 306 ADVANCED ACCOUNTING, PART 13 Units

This course deals with specialized accounting problems likely to be encountered by accountants. The study of the various topics in the course is based upon fundaments valuation accounting and accounting theory as applied to special income and expense recognition methods and expanded business operations. This course includes 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 contract; fire insurance accounting; and other special issues such as build-operate-transfer (BOT) and similar schemes; Prerequisite. Financial Accounting Theory and Practice I.

ACCT 308 ADVANCE ACCOUNTING PART 26 Units

This course is a continuation of Advanced accounting Part I. It is designed to cover accounting and reporting for not-for-profit organizations, government accounting and specialized industries like banking insurance and extractive industries. It deals mainly with consolidation and merges, parents-subsidiary relationships and consolidated statement, including foreign subsidiaries. Other topics deals accounting for the effects of changes in foreign exchange rates and other similar issues. Prerequisite: advanced Accounting.

ACCT 309 AUDIT THEORY 6 Units

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 services; consulting vs. assurance services; types of attestation services(agreed-upon procedures engagement and review engagement); types of audits ( internal 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 and materiality; assessing internal controls, and test of controls including internal controls in computer-based business systems;; performance of an audit: evidence collection analysis, and substantive test; reporting: report on assurance services, attestation services, and financial statement audits; and completing the audit including communications with board of director Theory and rs 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. Prerequisite: Financial Accounting and Practice III

ACCT 412 AUDIT PROBLEMS 6 Units

This is a continuation of audit Theory, focusing on financial statements audit. It covers detailed approaches to problem and situations normally encountered in the independent examination of cash, receivables, inventories, investments, prepaid expenses, deferred charges, property, plants and equipment, intangibles, liabilities, owner’s equity, and revenue and expenses. It deals specifically with the application of auditing Standards, techniques, and procedures; internal control evaluation; preparation of audit working papers; introduction of computer application in auditing; audit adjustment; 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 in 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. Prerequisite: Audit Theory.

ACCT 415 INTERNSHIP 3 Units

This is an applied academic experience conducted under join faculty and employer supervision which requires a minimum of one semester and will include a minimum of 160 contract hours. This may be in the areas of accounting external audit, internal audit, or tax. Each intern registers for this course which will be given three hours credit. A regular letter grade will be given at the end of internship with input from both the employer and the accountancy Program Chair or Dean. Each internship assignment shall meet the following requirement:

1.Be substantial and practical, including analysis, evaluation, and application of business, accounting, and auditing concepts;

2. Be subject to periodic documentation of progress and review by both the employer and the Accountancy Program Chair or Dean; and

3.Culminate in a final evaluation prepared by the employer and final course grade awarded by the Accountancy Program Chair/Dean.

Students are required to submit a written report documenting the task, responsibilities, learninf 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 internship. The report should also cover the following: (a) description of key task 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) recommendation of improvement of their specific internship position and the Accountancy Internship course in general; and (f) total number of hours worked during internship. Prerequisite: Completion of at least 80% of courses in the entire curriculum.

ACC 416 SYNTHESIS 1 Unit

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 strategy, finance, and so forth. Prerequisite: Completion of at least 80% of courses in the entire curriculum.

ACCT 310 DENOMINATIONAL ACCOUNTING W/ PRACTICUM 3 Units

This study of the principles of accounting and auditing in the Seventh-day Adventist organization. It also deals with the study of the Church’s financial system including stewardship. Also covered is a practical application of the accounting principles through actual exposure (Practicum) to various denominational institutions in the Philippines. Prerequisite: Advanced Accounting II

ACCT 414 ACCOUNTING REVIEW 3 Units

This course covers a review of Financial Accounting 1 & 2 and Advanced Accounting 1 & 2. Prerequisite: auditing Problems.