MCBOI_2011-2012

BSA-119
Management Consultancy (3 units)
BSA 121.2
Integrated Accounting 4 (3 units)
BSA 121.5
Integrated Accounting 7 (2 units)
BSA-124
Financial Management 1 (3 units)
Prerequisite: BSA-117 (Management Accounting 1)
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, evaluation): information system
(IS) engagement, management/operations audits, and
business process improvement/re-engineering.
BSA 120.1
Integrated Accounting 1 (3 units)
Prerequisite: BSA-106 (Financial Accounting & Reporting 4)
Practical Accounting Problems 1
This course enhances the student’s proficiency in applying
financial accounting techniques and methodology to
problems likely to be encountered in practice.
The problems involve recognition, measurement,
classification and financial statement presentation, disposition
and disclosure of assets, liabilities, equity, income, expenses,
and profit of an entity, preparation of financial statements,
and contemporary accounting issues in accordance
with Philippine Financial Reporting Standards in effect
at the time of offering of the course.
BSA 120.2
Integrated Accounting 2 (3 units)
Prerequisites: BSA-108 (Cost Accounting & Cost Management 2),
BSA-110 (Accounting & Reporting 2),
BSA‐113 (Accounting for Governmental,
Not-for-Profit Entities & Specialized Industries)
Practical Accounting Problems 2
This course enhances the students’ proficiency in applying
accounting concepts, techniques and methodology to
problems likely to be encountered in practice. Candidates
should know and understand problems involving accounting
of special transactions and their effects and presentation in
the financial statements.
BSA 121.1
Prerequisite:
Auditing Problems
Integrated Accounting 3 (3 units)
BSA-115 (Applied Auditing)
This course enhances the students’ proficiency in applying
audit standards, techniques, and procedures to a typical
independent audit of a medium-sized service, trading or
manufacturing concern. The student should be able to plan
and perform an audit, analyze data for possible errors and
irregularities, formulate adjusting entries, resolve audit
issues, prepare audit working papers and complete the audit
including the preparation of the audit report. In all the areas
included, the candidate shall apply the Philippine Standards
on Auditing (PSA) and other regulatory laws and regulations
in effect at the time of offering of the course.
Prerequisite: BSA-117 (Management Accounting 1)
BSA-118 (Management Accounting 2)
BSA-119 (Management Consultancy)
BSA-125 (Financial Management 2)
Management Services
This course enhances the students’ knowledge and
proficiency in the concepts, standards, techniques, and
methodology applicable to management services/consultancy
practice by CPAs; management accounting; financial
management–related services; capital budgeting concepts and
techniques; and project feasibility studies.
BSA 121.3
Prerequisite:
Auditing Theory
Integrated Accounting 5 (2 units)
BSA-114 (Assurance Principles, Professional Ethics
and Good Governance)
This course enhances the student’s conceptual knowledge
and understanding of assurance and related services
performed by professional accounts. The student will have
a better understanding of the nature of assurance and
related services particularly independent audits of financial
statements, the responsibilities of professional accounts;
the audit process; audit objectives, evidence, procedures,
auditing standards, and the elements of the independent
auditors’ report. In all the areas included, the student will
apply the Philippine Standards on Auditing (PSA) and
other regulatory laws and regulations in effect at the time
of offering of the course.
BSA 121.4
Integrated Accounting 6 (2 units)
Prerequisites: BL-102 (Law on Obligations and Contracts),
BL-103 (Law on Business Organizations),
BL-104 (Law on Negotiable Instruments),
BL-105 (Sales, Agency, Labor and
Other Commercial Laws),
TAX-102 (Income Taxation),
TAX-103 (Business and Transfer Taxes)
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
principles in solving tax problems. The students are expected
to know, understand and be able to apply the laws on income
tax, business taxes (value-added and percentage taxes), estate
tax, donors tax, as well as Revenue Regulations and Court of
Tax Appeals and Supreme Court decisions.
Prerequisites: BSA-106 (Financial Accounting & Reporting 4),
BSA-110 (Advanced Financial Accounting
& Reporting 2), and
BSA‐113 (Accounting for Governmental,
Not-for-Profit Entities & Specialized Industries)
Theory of Accounts
This course enhances the student’s conceptual knowledge
of financial accounting for business enterprises and
understanding of the objectives, basic concepts, principles,
and terminology of financial accounting and financial
statements, including related issues and topics. The student
will also gain familiarity of the basic accounting concepts
and practices.
BSA-122
Prerequisite:
Practicum (3 units)
Completion of at least 80% of courses
in the entire curriculum
This course is an applied academic experience conducted
under joint faculty and employer supervision which requires
a minimum of 200 contact hours. This may be in the areas of
accounting, external audit, internal audit, or tax.
Each internship assignment shall meet the following
requirements:
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 of both the employer and the Practicum
Coordinator
The course culminates in a final evaluation prepared by
the employer and a final course grade awarded by the
Practicum Coordinator
BSA-123
Basic Finance (3 units)
This course is a study of the functions of business finance. It
covers basic financial principles such as money, banking and
interest rates. Discussed in detail are the nature of money,
financial intermediaries, money creation, central banking,
demand for money, how interest rates are determined and
fiscal policies, interest rate and investment. Also discussed
are basic concepts in international business and the role
of global financing, investing and operating activities and
their impact on business and trade. The main purpose of
the course is to provide students with the basic financial
background necessary to understand the corporate segment
of the economy.
Prerequisite:
BSA-123 (Basic Finance)
This course provides the synthesis of financial policy into
a grand strategy which integrates organizational purpose
and goal. 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.
BSA-125
Financial Management 2 (3 units)
Prerequisite: BSA-124 (Financial Management 1)
This course is a continuation of Financial Management 1
and provides a conceptual framework within 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 Base 2) capital acquisition analysis, capital
structure decision, valuation of financial instruments, and the
dividend decision. It also examines the main types of derivate
contracts: forward contracts, futures, swaps and options, and
how these instruments are used in managing and modifying
financial risks.
BSA-126
Fundamentals of Computer Software
and Applications (3 units)
This is a course designed to assure a basic level of computer
applications literacy to include word processing, spreadsheet,
presentation software, database, local area network (LAN),
e-mail, and internet utilization. The main objective is for the
students to understand how information technology aids
business decision making. The students learn to demonstrate
knowledge of computer hardware and software, including
“multimedia” as well as understand the legal, ethical, and
privacy issues relating to the use of hardware and software in
a business environment.
BSA-127
Prerequisite:
Database Theory and Applications
(3 units)
BSA-126 (Computer Software and Applications)
This course is designed to provide the students with
the basic principles and topics of database management
systems. The students learn the theoretical topics and
database design methodologies. Topics include introduction
to database systems, working with data, relational model
and query languages, commercial relational languages,
schema refinement and normal forms, relational data base
management system (RDBMS), indexing and hashing, and
query processing and optimization.
164 | Miriam College Bulletin of Information
www.mc.edu.ph | 165