Department of Accountancy and Taxation College of Arts and Sciences San Beda College COURSE SYLLABUS Second Semester, AY 2014-2015 ision!"ission Statement
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ision "ission Core alues
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Course Title Course Code 'rere)uisite 'rere)uisite to Credits
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San Beda Beda Colleg College, e, a Cathol Catholic ic educat education ional al instit instituti ution, on, is comm committe itted d to the Christ Christian ian forma formatio tion n of the Bedan Bedan Commun Community ity as its its service to the Church, the Philippine society, and the world. San Beda Beda Colleg Collegee envision envisionss a commun community ity that that is Fully Human, Human, Wholly Wholly Christian, Christian, ruly ruly Filipino Filipino,, and and !lo"ally !lo"ally Competitive Competitive.. San Beda Beda Coll College ege aims aims to form form its its mem" mem"ers ers in Fait Faith, h, #nowle #nowledge dge,, and and $irtue $irtue %ncu %nculc lcat atee in the the stud studen ents ts the the Bene Benedi dict ctin inee core core valu values es of Pray Prayer er and and Wor& or& ' ora et labora( labora( that include Study, Community, and Pursuit of Peace
ADA$CED ACCOU$T%$& 'ROBLE"S( 'ART %% )CC*+ )dvanced )ccounting Pro"lems, Part % ')CC*( )uditing and )ssurance Services, Part % ')CC-( units
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%nstructors
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Consultation *ours enue
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1epartment of )ccountancy 0ffice, nd floor, St. )nselm?s Bldg.
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%+ Co Course Description # his course is a continuation of )dvanced )ccounting )ccounting Pro"lems, Part %. %t deals mainly with home office, agency and "ranch relationship, consolidation and mergers, parentsu"sidiary parentsu"sidiary relationships, and consolidated statements, including foreign su"sidiaries. su"sidiaries. he other topics deal with accounting for the effects of changes in f oreign eEchange rates and other similar current issues. %%+ Course O,-ecti.es#
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)t the end of the academic term, the students should "e a"le to: 1iscuss, eEamine and solve pro"lems related to agency, home office and "ranch general operations 1iscuss, eEamine and solve pro"lems related to home office and "ranch special operations 1iscuss, eEamine and solve "usiness com"ination, consolidation, intercompany profits and "ond holdings. )ssess income recognition pro"lems involving foreign currency transactions. Construct accounting records and financial reports that will "e useful in ma&ing "usiness decisions. Show how the Benedictine core values and the professional ethical standards will "e applica"le to ethical issues in the practice of the accounting profession. 1ecide on appropriate and ethical solutions to various "usiness accounting pro"lems.
%%%+ Course Outline Course Learning Outcomes O,-ecti.es 2(3(4(5
At t/e end of t/ e l es essons( t/e student is a,le to 6 7ournali>e the transactions of an agency and determine the results of its operations 7ournali>e the transactions of a "ranch and those "etween home office and its "ranches Prepare the wor&ing paper for the com"ined financial statements of home office and "ranch Prepare the financial statements of home office, "ranch and as
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Topics
Assessment Tools 0 Tas1s
Teac/ing Strategies 0 Acti.ities
COURSE OR%E$TAT%O$ *O"E O77%CE A$D BRA$C* 6 &E$ERAL &E$ERAL 'ROCEDURES )ccounting System for Sales )gency )ccounting for Branch 0perations /eciprocal )ccounts Preparation of Com"ined Financial Statements
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4ecture and guided discussion Case presentation Board wor& Wor& 1rills G 2Eercises %nformation sharing !roup G eam eam 4earning
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com"ined. 8(3(4(5
At t/e end of t/ e l essons( t/e student is a,le to 6 7ournali>e inter"ranch transactions 7ournali>e inter "ranch transfer of merchandise resulting in eEcess freight cost 7ournali>e shipments of merchandise "illed at a"ove cost and ma&e the corresponding yearend ad=ustment Prepare wor&ing papers for the com"ined and individual income statements of home office and "ranch and the com"ined "alance sheet.
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At t/e end of t/ e l essons( t/e student is a,le to 6 1efine "usiness com"inations, merger, consolidations, acuisitions, uniting of interests, purchase of interest, pooling of interests, acuisition cost, fair value, goodwill from "usiness com"ination, gain from "usiness com"ination, monetary assets and other terms given in the chapter. )llocate acuisition costs among the accounting values to
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*O"E O77%CE A$D BRA$C* 6 S'EC%AL 'ROBLE"S 5erchandise Shipment to Branch @ Billed Price at a Price in 2Ecess of Cost Wor&ing paper when "illings to "ranch are in eEcess of cost /econciliation of /eciprocal )ccounts ransactions "etween "ranches Com"ined Financial Statements
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4ecture and guided discussion Case presentation Board wor& Wor& 1rills G 2Eercises %nformation sharing !roup G eam 4earning
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4ecture and guided discussion Case presentation Board wor& Wor& 1rills G 2Eercises %nformation sharing !roup G eam 4earning
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BUS%$ESS CO"B%$AT%O$ 6ature of Business Com"ination /eason for Com"ining Forms of Business Com"ination )cuisition of Control Process of Business Com"ination $aluation of %dentifia"le )ssets
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"e recorded. State how goodwill or gain from "usiness com"ination should "e treated in the "oo&s. 5a&e entries to record "usiness com"inations under purchase of interest and pooling of interests.
At t/e end of t/ e l essons( t/e student is a,le to 6 3nderstand the concept of control as used in reference to consolidation 2Eplain the role of a non controlling interest in "usiness com"ination 1escri"e the reasons why a company acuires a su"sidiary rather than its net assets. 1escri"e the valuation and classification of accounts in consolidated financial statements. 4ist the reuirements for inclusion of a su"sidiary in consolidated financial statements. 1iscuss the limitations of consolidated financial statements. /ecord the investment in the su"sidiary on the parent?s "oo&s at the date of acuisition.
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CO$S OL%DAT%O$ O7 7%$A$C%AL STATE"E$TS 6 AC9U%S%T%O$ DATE 6ature of Consolidated Statements )cuisition of )ssets and Stoc& )cuisition 1etermination and )llocation of 2Ecess @ !oodwill or !ain from Business Com"ination 5easurement of 6oncontrolling interest Su"sidiary Preacuisition !oodwill Pushdown accounting Step acuisition
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4ecture and guided discussion Case presentation Board wor& Wor& 1rills G 2Eercises %nformation sharing !roup G eam 4earning
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Prepare the consolidated wor&ing papers and eliminating entries at the date of acuisition. Compute and allocate the difference "etween cost and "oo& value of the acuired firm?s euity :t/ ;ee1
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At t/e end of t/ e l essons( t/e student is a,le to 6 1etermine the amounts to "e recogni>ed on the parent?s financial records su"seuent to a su"sidiary?s acuisition. Construct the wor&sheet eliminations necessary to prepare a consolidated wor&sheet for a parent and su"sidiary in periods su"seuent to acuisition. Construct the consolidated wor&sheet in periods su"seuent to acuisition. 3nderstands and is a"le to report noncontrolling interest
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At t/e end of t/ e l essons( t/e student is a,le to 6 3nderstand why transactions "etween mem"ers of a consolidated firm should not "e reflected in the consolidated
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"%DTER" E
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4ecture and guided discussion Case presentation Board wor& Wor& 1rills G 2Eercises %nformation sharing !roup G eam 4earning
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8(3(4(5
%$TERCO"'A$Y 'RO7%TS %ntercompany Sales of 5erchandise %ntercompany Sale of 1eprecia"le )ssets %ntercompany Sale of 6ondeprecia"le )ssets 3pstream sale 1ownstream sale
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4ecture and guided discussion Case presentation Board wor& Wor& 1rills G 2Eercises %nformation sharing
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financial statements. 1efer intercompany profits on merchandise sales when appropriate and eliminate the dou"le counting of sales "etween affiliates. 3nderstand the financial repor ting o"=ectives in accounting for intercompany sales of nondeprecia"le assets on the consolidated financial statements. 2Eplain the additional financial repor ting o"=ectives in accounting for intercompany sales of deprecia"le assets on the consolidated financial statements. 2Eplain why gains or losses on intercompany sales of deprecia"le assets should "e recogni>ed on a consolidated "asis. 1escri"e the differences "etween upstream and downstream sales in determining consolidated net income and the controlling and noncontrolling interests in consolidated income.
At t/e end of t/ e l essons( t/e student is a,le to 6
Wor&ing Paper for Consolidation
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BO$D *OLD%$&S# C*A$&E %$ O;$ERS*%' %$TEREST
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1escri"e the term Iconstructive retirement of de"t.J 1escri"e how the gain or loss on constructive retirement of intercompany "ond holdings is allocated "etween the purchasing and issuing companies. 2Eplain the impact on the consolidated financial statements when a company issues a note to an affiliated company, which then discounts the note with an outside company. 1etermine the effect on the consolidated financial statements when a su"sidiary issues a stoc& dividend. 3nderstand the difference in how stoc& dividends and cash dividends issued "y a su"sidiary company affect the consolidated financial statements. 1etermine the impact on the investment account when a su"sidiary issues a stoc& dividend from preacuisition earnings and from post acuisition earnings. 2Eplain how the purchase price is allocated when the su"sidiary
%ntercompany Bond ransactions Bonds Purchased 1irect from )ffiliate or from the 0pen 5ar&et Constructive !ain or 4oss Change in 0wnership %nterest Controlling %nterest 5aintained 1econsolidation %ndirect Holdings Wor&ing Paper for Consolidation
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Board wor& Wor& 1rills G 2Eercises %nformation sharing !roup G eam 4earning
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has "oth common and preferred stoc& outstanding. 1etermine the controlling interest in income when the parent company owns "oth ordinary and preference shares of the su"sidiary.
At t/e end of t/ e l essons( t/e student is a,le to 6 1istinguish "etween the terms ImeasuredJ and Idenominated.J 1escri"e a foreign currency transaction. 3nderstand some of the more common foreign currency transactions. %dentify three stages of concern to accountants for foreign currency transactions and eEplain the steps used to translate foreign currency transactions for each stage. 1escri"e a forward eEchange contract. 2Eplain the use of forward contracts as a hedge of an unrecogni>ed firm commitment. %dentify some of the common situations in which a forward eEchange contract can "e used as a hedge. 1escri"e a derivative
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7ORE%&$ TRA$SACT%O$S A$D 7ORE%&$ O'ERAT%O$S Foreign ransactions Foreign 2Echanges /ates !ain or 4oss from Foreign 2Echange Forward Contracts Hedging an 2Eposed )sset or 4ia"ility Position Hedging a Speculation or a Firm Future Commitment ranslation !ain or 4oss from Financial Statements of Foreign Branches and Su"sidiaries Current /ate 5ethod emporal 5ethod
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4ecture and guided discussion Case presentation Board wor& Wor& 1rills G 2Eercises %nformation sharing !roup G eam 4earning
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instrument and understand how it may "e used as a hedge. 2Eplain how eEchange gains and losses are reported for fair value hedges and cash flow hedges. 2>t/ ;ee1
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%+ Course Re)uirements -. Pass the prereuisite su"=ect which is )dvanced )ccounting Pro"lems, Part % ')CC*(. . )ll other policies and procedures contained in the 5anual of /egulations for )ccounting Students )8 *-D*-. %+ &rading System and &rade 'rocedure he College reuires professors to evaluate each student?s scholastic performance "y giving a midterm grade and a final grade to "e computed as follows: Students ?ill ,e graded according to t/e follo?ing criteria# Class Standing 'Kui>>es, /ecitations, and other course reuirements given during the midterm only( 1epartmental 5idterm 2Eamination result TOTAL Students ?ill ,e graded according to t/e follo?ing criteria# Class Standing 'Kui>>es, /ecitations, and other course reuirements given during the midterm and final term( 1epartmental Final 2Eamination result 1epartmental 5idterm 2Eamination result TOTAL
"%DTER"S
7%$ALS
&RADE SYSTE"#
!rade Point -.** -.
2uivalence
1escription
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2Ecellent Superior
-.* -.+ .** . .* .+ A.** .**
;+;; ++;++ ;+D+ *A Below *
$ery !ood )"ove )verage !ood $ery Satisfactory Satisfactory Fair Passed Failed
%+ Attendance 'olicy
-. Students are considered a"sent if they arrive in class after the first fifteen '-( minutes of the scheduled class period. hey may attend the class "ut will "e mar&ed a"sent. . Students are considered tardy if they arrive in the class within the first fifteen '-( minutes of the scheduled class period. hey are mar&ed late or half a"sent on the professor?s daily attendance record. wo '( instances of tardiness or halfa"sences are euivalent to a full a"sence. A. Students are allowed the following maEimum num"er of hours of a"sences during the regular term: Status of Student 6ot on pro"ation
Course credits0units - unit units A units units units
Allo?a,le a,sences A hours + hours -* hours -* hours -* hours
0n pro"ation
- unit units A units units units
hours D hours hours hours hours
This allowance includes all absences, except approved absences as enumerated in tem no! "! Students who incur accumulated absences be#ond the allowable number o$ hours are dropped $rom the course! The# will be %iven a &' mar( in the said course i$ the o$$icial droppin% $orm is not accomplished!
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%%+ Course Reference 2+
'rescri,ed Text,oo1# 5anuel, 9. $. '*-D(. Advanced Accountin% 'th ed.(. 5anila.
8+
Supplementary Readings and Reference "aterials# )ccounting 7ournals "y P%CP) 1ayag, ). 7. '*-A(. )ractical Accountin% 2! 5anila: !%C 2nterprises L Co. %nc. !uerrero, P. P., L Peralta, 7. F. '*-A(. )ractical Accountin% Two! 5anila: !%C 2nterprises L Co. %nc. Punong"ayan L )raullo, )ccounting Briefs
=+ "anual of Regulations for Accountancy Students A+Y+ 8@23!8@24
'repared ,y#
Endorsed ,y#
'rof+ T/adeus A,illa( C'A 'rof+ "aria eronica oy Binuya( C'A 'rof+ ;illiam osep/ B+ &uman( C'A 'rof+ enaida +C+ "anuel( C'A 'acult#
'rof+ Louisita O+ Aristorenas( C'A( "BA( DBA Candidate *hairperson, &epartment o$ Accountanc#
$oted ,y#
Appro.ed ,y#
Dr+ offre "+ Ala-ar( C'A( "BA Associate +ice &ean - Accountanc# and usiness
Dr+ C/ristian Bryan S+ Bustamante +ice &ean *olle%e o$ Arts and Sciences
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REQUIREMENTS: 1. 14 COLUMN NOTEBOOK A. ALL HOMEWORKS SHOULD BE IN YOUR NOTEBOOK. USE BLACK BALL PEN WHEN YOU SOLVE. B. PROBLEMS/EXERCISES MUST BE REPRODUCED AND PASTED IN YOUR NOTEBOOK. ONE EXERCISE, THEN SOLUTION. C. BLUE/RED BALL PEN TO CORRECT SOLUTIONS. NOTES ALSO SHOULD BE BLUE OR RED. D. CONCEPT MAP AT THE START OF THE CHAPTER. REFLECTION PER CHAPTER IN BLACK BALL PEN. 2. IF CLASS IS DISRUPTED, THERE WILL BE NO MAKE UP CLASS AS MUCH AS POSSIBLE. IF A CHAPTER IS FINISHED, USIN THE SYLLABUS, READ THE NEXT TOPIC AND SOLVE. ALL EXERCISES WILL BE SOLVED AND DISCUSSED. !. ALL CELLPHONES IN SILENT MODE. 4. EACH ONE WILL BE ASSINED A NUMBER TO BE PRESENTED IN A MANILA PAPER AND PASTED ON THE BOARD TO BE DISCUSSED. SEE THAT THE SOLUTIONS ARE READABLE BY ALL, LARE ENOUH TO BE READ. ". WE START ON TIME. IF THIS IS YOUR FIRST CLASS, PRESENTORS MUST COME IN EARLY. I WILL IVE YOU FIVE MINUTES TO PREPARE AND PASTE YOUR SOLUTIONS ON THE BOARD. REMINDERS: 1. TO BE SUCCESSFUL YOU NEED #$% PERSPIRATION AND 1$% INSPIRATION. DON&T MAKE IT THE OTHER WAY AROUND. 2. PRAYER WILL DEFINITELY HELP YOU MUCH SPECIALLY INVOKE THE HOLY SPIRIT' THE RACE OF WISDOM AND KNOWLEDE. -
!. POFDIC IS VERY IMPORTANT. PASSION, OWNERSHIP, FOCUS, DISCIPLINE, INITIATIVE, COMMITMENT' THESE ARE TRAITS OF SUCCESSFUL PEOPLE. I WILL START WITH PASSION. THE ARDENT DESIRE TO BECOME A CPA WILL MAKE YOU STRIVE HARD AND ACCEPT THE CHALLENE OF COMMITMENT. REMEMBER WHAT YOU DO NOW IS WHAT YOU WILL BECOME.IN THE FUTURE. THERE IS NO INSTANT SUCCESS. IT WILL BE A LON AND HARD CLIMB . BE PATIENT, PERSEVERIN AND PRAY HARD. PRAYERS COUNT. MEANS YOU DO THINS YOURSELF. AKIN ITO, AKO AN UMAWA, AKO ITO. HOMEWORKS SPECIALLY, DON&T COPY DO IT YOURSELF. QUI((ES ALSO, DON&T COPY. YOU CAN ONLY BE PROUD THAT YOU PASSED THE SUB)ECT IF YOU DID IT ON YOUR OWN. SOMETIMES YOU WANDER *NAWAWALA+ AND WONDER *NATATAKA AT MUKHAN NAWAWALA+. YOU MUST REMAIN FOCUSED ON YOUR RESPONSIBILITY AS AN ACCOUNTANCY STUDENT. OWNERSHIP
IT IS ALSO A MATTER OF SELF DISCIPLINE. THIS IS VERY IMPORTANT FOR PROFESSIONALS. SACRIFICE PLEASURE AND LEISURE BECAUSE YOU HAVE )UST TWO YEARS TO MAKE IT BI AND FULFILL YOUR DREAM OF PASSIN THE BOARD AND BE A CPA. VERY IMPORTANT PART OF DISCIPLINE AND FOCUS IS TIME MANAGEMENT. ONLY BUSY PEOPLE KNOW HOW TO MANAE TIME. THE LA(Y ONES DON&T CARE. MEANS YOU NEED NOT BE PUSHED/REMINDED/FORCED. YOU ARE AWARE THAT THEY HAVE TO BE DONE, THEY OUHT TO BE DONE. IT IS FOR YOUR OWN OOD THEN YOU MUST DO IT WELL. INITIATIVE
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I STARTED WITH PASSION, I WILL END IT WITH COMMITMENT. IF YOU ARE COMMITTED, YOU DO WHAT IS REQUIRED OF YOU AND YOU DO IT WELL AND THEN SOME. YOU ALWAYS IVE YOUR VERY BEST. IT WILL FEEL REAT ONCE YOU SEE YOUR NAME AS ONE OF THOSE WHO PASSED AT THE END OF 2$1. YOU HAVE CONQUERED A DIFFICULT PART OF YOUR LIFE, AND THEN YOU WILL BE READY FOR MORE. A TRIED AND TESTED CPA FROM THEN ON YOU CAN MUSTER ANY DIFFICULTY OR PROBLEM WHAT WITH THE DISCIPLINE AND COMMITMENT YOU HAVE ALREADY IMBIBED IN YOURSELF. YOU ARE EMPOWERED BY OD' )ESUS HAS PLANS FOR YOU. OFFER ALL YOUR WORK, THANK HIM FOR ALL THE RACES AND BLESSINS YOU HAVE RECEIVED. REMEMBER TO BE HUMBLE BEFORE OD FOR YOU ARE NOTHIN WITHOUT HIM. TO BE HUMBLE IS TO BE REAT. THE GREATER YOU BECOME THE HUMBLER YOU SHOULD BE.
-REMEMBER )ESUS CHOSE HIS DISCIPLES FROM THE FOOLISH OF THE EARTH TO SHAME THE WISE, AND FROM THE WEAK TO SHAME THE STRON. HE CHOSE THOSE WHO HAVE NOTHIN SO THAT THOSE WHO HAVE SOMETHIN WILL BE REDUCED TO NOTHIN. NO MAN HAS A RIHT TO BOAST BEFORE OD. WE START WITH LON TERM CONSTRUCTION CONTRACT:
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1+ SOLVE EXCERCISES 1 TO . PRESENTORS WILL PUT UP HIS OR HER SOLUTION ON THE BOARD AND DISCUSS THIS. YOU HAVE TEN MINUTES TO PUT UP PRESENTATION. I WILL COME IN AT #:1$. 2+ CLASS REP WILL BE RESPONSIBLE FOR SEATIN ARRANEMENT AND SEAT PLAN AND ATTENDANCE. ALPHABETICALLY ARRANED. !+ QUI( AT THE END OF EVERY CHAPTER INCLUDIN CONCEPTS *THEORY+.
NUMBER OF PRESENTORS: EX 1: OE PRESENTOR FOR REQ 1 AND ANOTHER FOR REQ 2 AND ! EX. 2 ONE PRESENTOR ONLY EX. ! ONE PRESENTOR FOR REQ A AND ANOTHER FOR REQ B AND C. EX 4. ONE PRESENTOR FOR SCHEDULES AND ANOTHER ONE FOR ENTRIES AND PRESENTATION EX. " ONE PRESENTOR FOR SCHEDULES AND ANOTHER ONE FOR ENTRIES AND PRESENTATION EX. ONE PRESENTOR FOR A AND ANOTHER PRESENTOR FOR B EX ONE PRESENTOR EX # ONE PRESENTOR THANK YOU. CORRECT%O$S O$ T*E 7OLLO;%$& E
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EX ! THE CONTRACT BID WAS P,$$$,$$$ WITH AN ESTIMATED COST OF P",$$$,$$$ TO COMPLETE THE CONTRACT. CHANES REQUESTED BY THE CUSTOMER CAUSED AN UPWARD AD)USTMENT ON THE CONTRACT PRICE WHICH WAS AD)USTED TO P,!$$,$$$. EX ". THE PRO)ECT WAS FINISHED IN 2$1". EX. THE DATA BELOW SUMMARI(ES THE ACTIVITIES FOR THE YEARS 2$1!'2$1"
How to use a Concept Map to organize and comprehend information Introduction to Concept Mapping Used as a learning and teaching technique, concept mapping visually illustrates the relationships between concepts and ideas. Often represented in circles or boxes, concepts are linked by words and phrases that explain the connection between the ideas, helping students organize and structure their thoughts to further understand information and discover new relationships. Most concept maps represent a hierarchical structure, with the overall, broad concept first with connected subtopics, more specific
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concepts, following.
!oncept Map "xample
Definition of a Concept Map # concept map is a type of graphic organizer $%& used to help students organize and represent knowledge of a sub'ect. !oncept maps begin with a main idea (or concept) and then branch out to show how that main idea can be broken down into specific topics.
Benefits of Concept Mapping !oncept mapping serves several purposes for learners* • •
+elping students brainstorm and generate new ideas "ncouraging students to discover new concepts and the propositions that connect them -+
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#llowing students to more clearly communicate ideas, thoughts and information +elping students integrate new concepts with older concepts "nabling students to gain enhanced knowledge of any topic and evaluate the information
How to Build a Concept Map !oncept maps are typically hierarchical, with the subordinate concepts stemming from the main concept or idea. his type of graphic organizer however, always allows change and new concepts to be added. he -ubber heet #nalogy states that concept positions on a map can continuously change, while always maintaining the same relationship with the other ideas on the map. •
Start with a main idea, topic, or issue to focus on. # helpful way to determine the context of your concept map is to choose a focus question/something that needs to be solved or a conclusion that needs to be reached. Once a topic or question is decided on, that will help with the hierarchical structure of the concept map.
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Then determine the key concepts 0ind the key concepts that connect and relate to your main idea and rank them1 most general, inclusive concepts come first, then link to smaller, more specific concepts.
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Finish by connecting conceptscreating !inking phrases and w ords Once the basic links between the concepts are created, add crosslinks, which connect concepts in different areas of the map, to further illustrate the relationships and strengthen student2s understanding and knowledge on the topic.
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Concept Maps in Education 3hen created correctly and thoroughly, concept mapping $4& is a powerful way for students to reach high levels of cognitive performance. # concept map is also not 'ust a learning tool, but an ideal evaluation tool for educators measuring the growth of and assessing student learning. #s students create concept maps, they reiterate ideas using their own words and help identify incorrect ideas and concepts1 educators are able to see what students do not understand, providing an accurate, ob'ective way to evaluate areas in which students do not yet grasp concepts fully. 5nspiration oftware62s 5nspiration6, 7idspiration6 and 3ebspiration !lassroom8 service all contain 9iagram :iews that makes it easy for students to create concept maps1 students are able to add new concepts and links as they see fit. 5nspiration, 7idspiration and 3ebspiration !lassroom also come with a variety of concept map examples, templates and lesson plans to show how concept mapping and the use of other graphic organizers can easily be integrated into the curriculum to enhance learning, comprehension and writing skills. 0or more concept map examples as well as other graphic organizer examples, mind map examples and more, click here $;&.
"<#M=>" O0 # !O?!"= M#=*
P)/62/SH%P F0/5)%06 4egal Provisions
Partners? %nterest
)ccounting for ) Partnership
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2lements
/ight over /ight over )ssets Profits
)ttri"utes
Partners? 2uity
#inds of Partnership
Partner, Capital
Partner, 1rawing
#inds of Partners
Partner, Capital
Partner, 1rawing
)rticles of Co Partnership
%nvestments L Permanent 1rawings
Profit share and /egular drawings
Principle of /ecognition and measurement:
Cash 5ethod
)ctual contri"u tions against
Bonus 5ethod
Compliance wG )greed capital contri"utions
)sset revaluation 0r !oodwill
Principle of Financial Statement Presentation
Statement of Changes in Partners? 2uity
Statement of Financial Position
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