Hi guys.. i just want to know if my nareject na dito sa IA vetassess due to lack of course syllabus coz natapon ko na. What I have however is the generic course descriptions for BS Accountancy courseI got from my school website. Would this be enough together with my college diploma and TOR?
Examples:
The Bachelor of Science in Accountancy (BSA) program principally aims to prepare you for a career in the field of accountancy and finance and for the Licensure Examination for the Certified Public Accountants (CPA).
Total Program Units: 257 units
General Education: 74
Major Courses: 166
Standard Completion Time: 5 years
Accreditation: Commission on Higher Education
Major Courses (subjects)
Financial Accounting and Reporting
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, standard setting process for accounting practice, national as well as international accounting standards 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 nonfinancial.
Cost Accounting and Cost Management
This course is designed to orient the students to the cost accounting and cost management framework of a business. Topics discussed are: overview of cost accounting; manufacturing cost accounting cycle; job order cost system; accounting, planning, and control for materials, labor, and factory overhead; and environmental cost management.
Advanced Financial Accounting and Reporting 1
This course is a continuation of Advanced Financial Accounting and Reporting 1. 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.
Accounting for Governmental, Not-for-Profit Entities and Specialized Industries
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. It also cover 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.
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. It also cover 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.
Applied Auditing
This course 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 application 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.
Management Consultancy
This is an integrative course that 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, and evaluation): information system (IS) engagement, management/operations audits, and business process improvement/re-engineering.
Business Law
This course enhances the students’ knowledge of the laws relating to obligations and contracts, business associations, and negotiable instruments, particularly as it relate to accounting and auditing situations. The students should know and understand the pertinent legal provisions, general principles, concepts, and underlying philosophy of the law.
Taxation
This course enhances the students of the conceptual knowledge and proficiency in the practical application of the basic principles of taxation as they relate to accounting practice. The emphasis is on the application of the theory and
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Refer to: https://www.mc.edu.ph/accountancy