Syllabus For Regulatory Framework and Legal Issues in Business

 

DETAILED TEACHING SYLLABUS (DTS) AND INSTRUCTOR GUIDE (IG’S) PHILOSOPHY The PHILIPPINE COLLEGE OF SCIENCE AND TECHNOLOGY is commited o he pursui of excellence excellence relave o suden’s professional growh and developmen. VISION PHILIPPINE COLLEGE OF SCIENCE AND TECHNOLOGY envisions producing qualiy graduaes fully equipped wih knowledge, audes, values and skills and who are globally compeve compeve in heir chosen profession ever ready o render qualiy services. MISSION STATEMENT PHILIPPINE COLLEGE OF SCIENCE AND TECHNOLOGY provides qualiy educaondevelopmen o every suden hrough a well-balanced research oriened learning environmen ha develops crical and creave hinking for maximum of individual’s alens and capabilies. INSTITUTIONAL OBJECTIVES In pursui of is Vision and Mission, PHILIPPINE COLLEGE OF SCIENCE AND TECHNOLOGY will achieve he following: 1. Provide programs programs and acvies ha ha will enhance he developme developmen n of he sudens phys physically, ically, inellecually, inellecually, cul culurally, urally, emo emoonally, onally, socially, spiriually and morally. 2. Provide college college educao educaon n opporunies o poor bu deserv deserving ing sudens hroug hrough h he PHILIPPIN PHILIPPINE E COLLEGE OF SCIENCE SCIENCE AND TECHNOLOGY TECHNOLOGY scholarship grans. 3. Train sudens wih globally globally com compeve peve echnical echnical skills ha will make hem co compeen mpeen and capable of handling challenges challenges in life. 4. Provide manpower manpower needs of he counry wih pro professionally fessionally qual qualied ied graduaes im imbued bued wih digniy a and nd high moral values values who are maure, self-relian, responsible and self-discipline self-discipline cizens. SPECIAL OBJECTIVES To provide he counry wih globally compe6ive and professionally licensed graduaes as inegral par of he oal manpower needed for he economic developmen developmen in he naonal and inernaonal levels. Issue Dae

Prepared by:

Reviewed by:

Recommended by:

Approved by:

Revision Saus Revision Dae

Insrucor

Deparmen Head

ELSE MARIE T. VILLANUEVA, CPA, MBA College Dean

ENGR. RAUL GIRONELLA, Sr. VP for Academic Aairs

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COLLEGE OF ACCOUNTANCY AND BUSINESS PROGRAMS

PHILOSOPHY The Philippine College of Science and Technology, Technology, College of Accounancy and Business Programs provides excellen rainings in business educaon in a highly compeve world.

GENERAL OBJECTIVES 1. To develo develop, p, implemen, implemen, evaluae and connually connually improv improve e programs of bus business iness educaon ha ha enhance adminisrave adminisrave compeence compeence and enrepreneurial abilies; 2. To develo develop p he professional professional and echnical pro prociency ciency of busi business ness educaon ssudens udens so ha hey ccan an become eecve eecve leaders in heir chosen careers.

SPECIFIC OBJECTIVES The above goal will be achieved hrough he following specic objecves: 1. To provide sudens wih basic conceps of econom economics, ics, nance, nance, manageme managemen, n, markeng and business law; 2. To apply hese hese co concep nceps s in busin business ess and rel relaed aed pro professi fessions; ons; 3. To inculca inculcae e soci social al resp responsi onsibili bilies es in bus busines iness; s; 4. To develop develop he en enrepr repreneu eneurial rial po poena enall of sudens; sudens; and 5. To updae sudens wih emerging business r rends ends in consonance wih inform informaon aon age.

THREE-YEAR DIPLOMA COURSE IN ACCOUNTANCY

PROGRAM OUTCOMES

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The Three-Year Diploma Course in Accounancy aims o provide a framework for developing he skills and knowledge needed for employmen and self-employmen in he progressively dynamic business environmen. The Diploma is developed specically in recognion of  he growing imporance of individuals equipped wih essenal skills and knowledge in accounancy conex.

The objecves of he program are o prepare sudens o embark on a career in he accounancy eld or o furher connuing educaon a he sub-professional sub-profession al level by providing hem: Knowledge and skills of accounng, economi economics, cs, managemen, business law, business communicao communicaons, ns, numeracy and informaon  echnology;  Cognive, communicaon and inerpersonal skills; Informaon echnology skills;   An educaonal experience o pursue life-long learning; and 

A srong sense of responsibiliy as a member of he sociey.

LEARNING OUTCOMES A he end of his programme, he sudens should be able o: 1. Demonsrae he he undersanding of fundamenal fundamenal accounng knowledge knowledge and skills skills for higher level level of sudy, sudy, employmen employmen or selfemploymen. 2. Record nancial nancial ransacons and prepare prepare nancial saemens saemens in compliance compliance wih accepable accepable accounng principles principles for various various forms of organisaons, be i pro or no-for-pro. 3. Demonsrae good good inerpersonal inerpersonal and communicaon communicaon skills in order o funcon as a member of he sociey. sociey. 4. Demonsrae analycal, analycal, judgmen and and crical hinking skills skills in decision-making decision-making and problem-solv problem-solving ing in relaons wih wih nancial informaon and business operaons. 5. Develop values, values, ehics, and skills skills necessary necessary o embrace a career in accounancy accounancy a sub-professional sub-professional level and for for lifelong learning. learning. COURSE TITLE

REGULATORY FRAMEWORK AND LEGAL ISSUES IN BUSINESS

COURSE CODE

CAE13

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CREDIT UNITS

COURSE PREREQUISITE/COREQUISITE

3

CAE9

COURSE DESCRIPTION

This course covers he candidaes’ knowledge of he regulaory framework governing business ransacons and business organizaons/associaons, organizaons/ associaons, and of business laws including heir legal implicaons. Sudens should know and undersand he pernen legal provisions, general principles, conceps, and underlying philosophy of he laws applicable o commerce and business. They mus have sucien knowledge o enable hem o recognize he legal implicaons of business siuaons or ransacons and o know when o seek legal counsel or recommend ha i be sough. REFE REFERE RENC NCE: E:

1. Sor Soria iano no,, F. (201 (2011) 1).. Noe Noess in Busi Busine ness ss Law Law 2. De Leon, H. (2013). Law on Negoable Insrumens 3. De Leon, H. (2016). Law on Business Organizaons

COMPETENCE COURSE INTENDED LEARNING OUTCOMES (CILO’S)   A he end of he course, he sude suden n shall be able o:

1. Apply in problems he regulaory framework governing business ransacons and business organzaons. 2. Discuss he legal implicaons of hese laws as applied o commerce and business.

CHECK-UP PERIOD CONTENT/TOPIC

Chaper 1 Law on Business Associaons:: Parnership Associaons  Naure and as disnguished from corporaon  Elemens and kinds

INTENDED LEARNING OUTCOME

SUGGESTED

REFERENCES AND

ASSESSMENT TASKS

(ILO’S)

TEACHING/LEARNING ACTIVITIES (TLAs)

EQUIPMENTS

(AT’s)

Aer he chaper, he sudens are expeced o: 1. Dis Disng ngui uish sh beween parnership and corporaon. 2. Desc Descri ribe be he he

Advanced reading of he chaper

1. Soriano, F. (2011). Noes in Business Law

Advanced answering of quesons and exercises

2. De Leon, H. (2013). Law on Negoable Insrumens

Check up: 



3. De Leon, H. (2016).

Presenaon of assignmens and reciaon Graded class parcipaon

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











Formalies required Rules of managemen Disribuon of pros and losses Sharing of losses and liabilies Modes of dissoluon Limied parnership

3.

4.

5.

6.

formalies required in he formaon of a parnership. Disc Discus usss h he e ru rule less on managing a parnership. Disc Discus usss he he la law w regarding how pros and losses are disribued among parners. Disc Discus usss h how ow a parnership may be dissolve. Ex Expl plai ain n wh wha a is limied parnership.

Ineracve learning

Law on Business Organizaons

 

Quiz Exam

Cases Lecure/discussion

PRELIMINARY PERIOD CONTENT/TOPIC

INTENDED LEARNING OUTCOME (ILO’S)

SUGGESTED TEACHING/LEARNING ACTIVITIES (TLAs)

Chaper 2 Corporaons Naure and classes  of corporaon  Requiremens Requireme ns for organizaon  Powers of a corporaon:

A he end of he chaper, he sudens are expeced o: 1. Desc Descri ribe be he he naure of a corporaon. 2. Sa Sae e he he di die ere ren n classes of

Advanced reading of he chaper

1. Soriano, F. (2011). Noes in Business Law

Advanced answering of quesons and exercises

2. De Leon, H. (2013). Law on Negoable Insrumens

Ineracve learning

REFERENCES AND EQUIPMENTS

ASSESSMENT TASKS (AT’s)

Preliminary Period: 



3. De Leon, H. (2016). Law on Business



Presenaon of assignmens and reciaon Graded class parcipaon Quiz

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











expressed, implied, and incidenal Board of Direcors/Corpora e Ocers: qualicaons, elecon and removal, powers and duciary dues Classes of socks: conceps, subscripons Powers, dues, righs and obligaons of sockholders Majoriy and minoriy conrol Foreign corporaons Kinds and availabiliy of corporae books

3.

4.

5.

6. 7.

8.

corporaon. Enum Enumer era ae e h he e powers of a corporaon and describe each. Die Diere ren na ae e he he managemen of a corporaon from ha of a parnership. Ex Expl plai ain nh how ow h he e Board of Direcors come o power. Discus Discusss he cl class asses es of socks. Enum Enumer era ae e h he e powers, dues and righs and obligaons of sockholders. Expl Explai ain nh how ow a majoriy conrol

Organizaons

 



Exam

Cases Lecure/discussion

can be acquired by sockholders. 9. Dis Disng ngui uish sh a majoriy from minoriy conrol. 10. Discuss Discuss foreig foreign n corporaons. 11. Sae he he die dieren ren corporae books.

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MIDTERM PERIOD CONTENT/TOPIC

INTENDED LEARNING OUTCOME ILO’S)

1. Soriano, F. (2011). Noes in Business Law

Explain wha is negoable insrumen. Sae he kinds and funcons of negoable insrumens. Idenfy he pares involved in

Advanced answering of quesons and exercises

2. De Leon, H. (2013). Law on Negoable Insrumens

negoable insrumens.

Lecure/discussion

A he end of he chaper, he sudens are expeced

Par 1

o:









Negoable insrumens law Negoabiliy of insrumens Funcons and kinds of negoable insrumens Consrucon of ambiguous insrumen Pares and heir liabilies

Chaper 4 Negoable Insrumens – Par 2  Indorsemens Accommodaon 







REFERENCES AND EQUIPMENTS

Advanced reading of he chaper

Chaper 3 Negoable Insrumens

SUGGESTED TEACHING/LEARNING ACTIVITIES (TLAs)

A he end of he chaper, he sudens are expeced o: 1. Ex Expl plai ain n he he pr proc oces esss of indorsemen.

Ineracve learning

ASSESSMENT TASKS (AT’s)

Miderm Period: 



3. De Leon, H. (2016). Law on Business Organizaons



Presenaon of assignmens and reciaon Graded class parcipaon Quiz

Cases

Advanced reading of he chaper

1. Soriano, F. (2011). Noes in Business Law

Advanced answering of

2. De Leon, H. (2013). Law on Negoable

Miderm Period: 

Presenaon of assignmens and reciaon

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 





 



pary Consideraon Manner and consequence of ransfer of insrumens Dishonored insrumens and is eecs Requisies of holder in due course Defense of pares Forgery and is eecs Discharge of negoable insrumens and he pares secondarily liable

2. Disc Discus usss he he consideraon involved in he ransfer of insrumens. 3. Disc Discus usss he he manner and consequence of ransfer of insrumens. 4. Expl Explai ain n he he meaning of dishonored noes and is consequences. 5. Disc Discus usss who who is a holder in due course? 6. Enum Enumer era ae e h he e remedies ha a pary has agains anoher in case of problems in he insrumens. 7. Expl Explai ain nh how ow a pary becomes liable in he ransfer.

quesons and exercises Ineracve learning

Insrumens 3. De Leon, H. (2016). Law on Business Organizaons



 

Graded class parcipaon Quiz Exam

Cases Lecure/discussion

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SEMI-FINAL PERIOD CONTENT/TOPIC

Chaper 5 Conrac of Sales  Naure, forms, and requisies  Disnguished from dacion en pago, cession in paymen,







 

 

conrac a piece of  work andfor barer Earnes money as disnguished from opon money Righs/obligaons of vendor and vendee Remedies of unpaid seller Warranes Sale wih a righ o repurchase or convenonal redempon, legal redempon Sale on credi Insallmen sales

INTENDED LEARNING OUTCOME (ILO’S)

SUGGESTED TEACHING/LEARNING ACTIVITIES (TLAs)

Aer he chaper, he sudens are expeced o: 1. Disc Discus usss abo abou u h he e naure, forms and requisies of he conrac of sales. 2. Give Give he he dis disnc nco on n

Advanced reading of he chaper

1. Soriano, F. (2011). Noes in Business Law

Advanced answering of quesons and exercises

2. De Leon, H. (2013). Law on Negoable Insrumens

of a conrac of sales from oher similar ransacons. 3. Dis Disng ngui uish sh beween earnes money and opon money. 4. Enum Enumer era ae e h he e remedies ha an unpaid seller can avail of. 5. De Den ne ew war arra ran nes es..

REFERENCES AND EQUIPMENTS

3. De Leon, H. (2016). Law on Business Organizaons

ASSESSMENT TASKS (AT’s)

Semi-nal Period: 





Ineracve learning



Presenaon of assignmens and reciaon Graded class parcipaon Quiz Exam

Cases Lecure/discussio n

FINAL PERIOD

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CONTENT/TOPIC

INTENDED LEARNING OUTCOME

Chaper 6 Conrac of Agency, Pledge and Morgage A. Conrac of Agency Naure, forms, and  kinds of agency  Obligaons of agens and principals  Guarany of

A he end of he chaper, he sudens are expeced o: 1. Dene ene and and explain agency. 2. Enum Enumer era ae e h he e forms of agency. 3. Desc Descri ribe be he he naure of agency.



commission agens Modes of exnguishing an agency

B. Pledge  Naure and binding eec of hird persons  Obligaons/righs Obligaons/r ighs of 



pledger and pledgee Pacum commissorium Modes of exnguishmen

C. Morgage: Real and Chatel  Naure  Requisies

(ILO’S)

4. Sa Sae e he obligaons of agens and principal pares. 5. Expl Explai ain n how how a an n agency is exnguished 6. Desc Descri ribe be he he naure of a pledge.

SUGGESTED TEACHING/LEARNING ACTIVITIES (TLAs)

REFERENCES AND EQUIPMENTS

Advanced reading of he chaper

1. Soriano, F. (2011). Noes in Business Law

Advanced answering of quesons and exercises

2. De Leon, H. (2013). Law on Negoable Insrumens

Ineracve learning

ASSESSMENT TASKS (AT’s)

Final Period: 



3. De Leon, H. (2016). Law on Business Organizaons

 

Presenaon of assignmens and reciaon Graded class parcipaon Quiz Exam

Cases Lecure/discussion

7. Disc Discus usss he he obligaons and righs of he pares in a pledge. 8. Disc Discus usss h how ow a pledge can be exnguished. 9. Disc Discus usss m mor org gag age e

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



Righs and obligaons of morgagor and morgagee Requisies o have binding eec on hird persons Modes of exnguishmen

of real properes. 10. Sa Sae e he he requisies. 11. Discuss Discuss he he righ righs s and obligaons in a morgage.

COURSE ASSESSMENT: (Criteria for Grading) Mehods of Evaluaon: Sudens will be evaluaed according o he following: 05 Examinaons Examinaons (Check-Up (Check-Up Exami Examinaon naon,, Pr Prelimi eliminary nary Examinaon Examinaon,, Mid-Term Mid-Term Exami Examinaon naon,, Sem Semi-Fin i-Final al E Examina xaminaon on and and Final Final E Examin xaminaon aon); ); 14 Reciaons Reciaons (Prelimina (Preliminary ry Reciaon Reciaon,, M Mid-Te id-Term rm Reciaon Reciaon,, S Semi-F emi-Final inal Reci Reciaon aon and Fina Finall Recia Reciaon); on); 14 Quizzes; and 10 Assessmen The nal course grade will be compued according o he following formula: 1. Eighy Eighy perce percen n (80%) (80%) at atend endanc ance e or bet beter er 2. Seve Seveny ny ve perc percen en (75%) (75%) general general average average based on he grading grading sysem sysem as follows: follows: a. Prelim GradeGrade- (5%) (Assignmen) + (10%) (Rec (Reciaon) iaon) + (50%) (Quizzes) + (35%)[( (35%)[(Checkup Checkup exam + Prelim Exam)/2] b. Miderm Grade- [(Prelim Grade)+ Grade)+ (TMG)/2]; where where :TMG= (5%) (5%) (Assignmen) + (10%) (Recia (Reciaon) on) + (50%) (Quizzes) + ((35%) 35%) (Miderm Exam Exam)) c. Final Grade = (Miderm Grade) Grade) + 2 (TFG)/3; (TFG)/3; where TFG = (5%) (Assignmen) + (10%) (10%) (Reciaon) + (50%) (Q (Quizzes) uizzes) + (35%) (35%)[(S-Final [(S-Final Exam + Final Exam)/2] Exam)/2]

COURSE POLICIES (Requirements) A. Atendance Procedure: Procedure: Atendance will will be aken a a he beginning of each cla class. ss. Sudens are expeced o atend atend every clas class. s. Sudens are responsible for all maerials covered during any absence and assignmens mus be compleed by he due dae for credi. The absence of four or more lecures and/or labs will resul in a “DROPPED” grade. Missed exams will require proof of exenuang circumsances for any make-up consideraon; B. Absence due o illness: illness: if you are sick, DO NOT ATTEND ATTEND THE CLASS. Conac he in insrucor srucor by email, elephone, elephone, or cellphone o discuss how will you keep up wih he coursework assignmens and complee he asks assigned. C. Mehods of Insruc Insrucon: on: Mehods will include lecures and demonsraons ha discuss he erms, conceps an and d formulae of he assigned ch chaper. aper. During he lecure a quizzes abou he basic conceps of each chaper will be given. The suden is expeced o read one chaper and solve he assigned problems each week.

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This will require an average of ve hours of sudy ouside of he classroom each week. The previously assigned problems will be colleced for gra grading ding and he soluon will be derived in class. This process is designed o help he suden horoughly undersand he conce3ps and applicaons applicaons of he maerial covered. D.

Academic Honesy: All sudens are expeced o behave behave wih academic academic hones. I is no acad academically emically hones, ffor or example, o misrepresen anoher person’s worlds or ideas as one’s own, o ake credi for someone else’s work or ideas; o cope and pase maerial from anoher documen or from he inerne, o accep help on a es or o obain advanced informaon or condenal es maerials or o ac in a way ha migh harm anoher sudens’ chance for academic success. When he insrucor believes ha a suden has failed o mainain academic honesy, he or she may be given an “F” grade, eiher for he assignmen, quiz, examinaon, or he course depending upon he severiy of he oense.

COURSE TITLE

REGULATORY FRAMEWORK AND LEGAL ISSUES IN BUSINESS

SY/TERM OF EFFECTIVITY SY 2018-2019

PREPARED BY ELSE MARIE T. VILLANUEVA, CPA, MBA DEAN

APPROVED BY ENGR. RAUL B. GIRONELLA, MBA VICE PRESIDENT FOR ACADEMIC AFFAIRS

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