Intermediate Accounting

This course covers the detailed discussion, appreciation, and application of the Philippine Financial Reporting Standards (PFRS) on the assets, financial and non-financial of a business enterprise. Emphasis is given on the interpretation and application of the accounting standards on Financial Assets and their required disclosures. 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