OUR MISSION

The University of San Carlos is a Catholic institution of learning that embodies the principles of academic discipline of San Carlos Borromeo and the missionary charism of the Society of the Divine Word (SVD).

We aim to develop competent and socially responsible professionals and life-long learners in an environment that fosters excellence in the academic core processes of teaching-learning, research, and community extension service.

Our mission is to provide timely, relevant and transformative academic programs responsive to the needs of the local, national, and global communities in a rapidly changing world.

OUR VISION

The University of San Carlos sees: A WORLD where the darkness of sin and the night of unbelief vanish before the light of the Word

and the Spirit of grace A SOCIETY where citizens are competent, have nobility of character and nurture a sense of

community What they know, they apply justly and honestly What they do not know, they seek to learn What they do not have, they endeavor to acquire What they have, they share

BACHELOR OF SCIENCE IN ACCOUNTANCY

A 5-year program which puts emphasis on a thorough accounting study to gain adequate knowledge for professional competence.

The program develops accounting students to become Certified Public Accountants equipped with high level of theoretical knowledge and sound principles and techniques to serve the needs of globalize economy. OBJECTIVES OF THE PROGRAM To meet the needs of the accounting profession with a broad & extensive training in business,

accounting, auditing and information technology. To develop the capabilities of students and to prepare and equip them with the required

knowledge to become Certified Public Accountants so that they can function as competent professionals in an increasingly complex and changing environment.

COURSE REQUIREMENTS The BSA curriculum consists of the following core courses: Accounting & Reporting 42 units Auditing & Information Technology 18 Managerial Accounting & Finance 30 Business Law 12 Taxation 9 Business Administration 30 Integrated Review Courses 21 Practicum 6 ------------- Total 168 units ======== THE BSA CURRICULUM

FIRST YEAR First Semester AC 501 Fundamentals of Accounting, Part 1 6 Engl 1 Communication Arts 1 3 Math 15C Modern College Algebra 3 BA 11 Principles of Organization & Management 3 Fili 1 Sining ng Pakikipagtalastasan 3 Nasc 2 Physical Science 3 PE 11 Self-Testing Activities 2 Reed 10 Man in Search of God (3) NSTP 1 CWTS/LTS (3) ------------- 23/29 ========

Second Semester AC 502 Fundamentals of Accounting, Part 2 6 AC 501 Engl 2 Communication Arts 2 3 Engl 1 BA 100 Elementary Business Statistics 3 Math 15 Comp 1N Computer Fundamentals & Word Processing 3 Fili 2 Filipino Sa Ibat-ibang Larangan 3 Fili 1 Math 30 Math of Investments 3 Math 15 Nasc 1 Biological Science 3 PE 12 Rhythmic Activities 2 PE 11 Reed 20 Man the Christian Believer (3) Reed 10 NSTP 2 CWTS/LTS (3) NSTP 1 ------------- 26/32 ========

SECOND YEAR

First Semester AC 503 Financial Acctg. & Reporting, Part 1 6 AC 502 AC 504 Fundamentals of Accounting, Part 3 3 AC 502 AC 505 Database Management 3 Comp 1N Math 45 Math Analysis in Business (Calculus) 3 Math 30 Econ 21 Microeconomics 3 BA 101 Marketing Principles 3 BA 11 Psyc 1 General Psychology 3 PE 13 Fundamentals In Games & Sports 2 PE 12 Reed 30 The Christian in Worship (3) Reed 20 ------------- 26/29 ======== Second Semester AC 506 Financial Acctg. & Reporting, Part 2 6 AC 503 AC 507 Cost Accounting, Part 1 3 AC 504 AC 508 Accounting Information System 3 AC 505 AC 509 Bus. Finance w/ Introduction to Global Business Environment 3 Math 45 Engl 3 Aural-Oral Communication 3 Engl 2 Philo 2 Logic 3 Polsci 12 Phil. Govt. & New Constitution 3 PE 14 Recreational Activities 2 PE 13 Reed 40 Christian Witness to the World (3) Reed 30 ------------ 26/29 =======

THIRD YEAR

First Semester AC 510 Financial Accounting & Reporting, Part 3 3 AC 506 AC 511 Advanced Financial Accounting &

Reporting, Part 1 3 AC 506 AC 512 Cost Accounting, Part 2 3 AC 507 AC 513 Financial Management 3 AC 509 Law 501 Law on Obligations & Contracts 3 Third year level, Philo 2 Engl 21 Business Correspondence 3 Engl 2 BA 46 Quantitative Tech. In Business 3 Math45 BA 12N Human Behavior in Organization 3 BA 11/Psyc 1 Econ 22 Macroeconomics 3 Econ 21 ------------ 27 =======

Second Semester AC 514 Advanced Financial Accounting & Reporting, Part 2 3 AC 510 AC 515 Management Accounting, Part 1 3 AC 512 AC 516 Assurance Principles, Professional Ethics & Good Governance 6 AC508/AC510 AC 517 Special Topics in Finance 3 AC 513 Law 502 Sales, Agency, Labor and Other Commercial Laws 3 Law 501 BA 107AB Production Management 3 BA 46 BA 104 Marketing Management 3 AC 512 Humn 1 Survey of Arts 3 Engl 2 ------------ 27 =======

FOURTH YEAR First Semester AC 518 Advanced Financial Accounting & Reporting, Part 3 3 AC 514 AC 519 Management Accounting, Part 2 3 AC 515 AC 520 Applied Auditing 6 AC 526 Law 503 Law on Business Organizations 3 Law 501 Txtn 501 Principles of Taxation and Other Fiscal Laws 3 4th year level Lit 2 Literatures of the World 3 Engl 2 Hist 15 Early & Modern Phil. History 3 ------------ 24 ======= Second Semester AC 521 Technical Writing: Business and Accounting Applications 3 4th year level AC 522 Auditing in CIS Environment 3 AC 520 AC 523 Practicum 1 3 AC 520 Law 504 Law on Negotiable Instrument 3 Law 501 Txtn 502 Business and Other Taxes 3 Txtn 501 BA 109 Business Research 3 BA 46 Hist 17 Rizal: Life and Works 3 Hist 15 ------------ 21 ======= Summer 1 AC 524 Practicum 2 3 AC523 =======

FIFTH YEAR First Semester AC 525 Tax Accounting 3 Txtn 502, AC523 AC 526 Management Consultancy 3 AC 521 AC 527 Accounting Synthesis 3 AC 523 AC Elective Foreign Language 3 AC 528 Contemporary Issues In Accounting, Auditing & Management 3 AC 523 BA 111A Strategic Management 3 BA 109 BA 102A Business Ethics and Corporate Social Responsibility 3 BA 109 ------------

21 =======

Second Semester IRC 1 Theory of Accts/ Prac.Acctg.I 6 5th year level IRC 2 Practical Accounting 2 3 5th year level IRC 3 Management Services 3 5th year level IRC 4 Auditing Theory/ Problems 6 5th year level IRC 5 Business Law & Taxation 3 5th year level ------------ 21 ======= Elective Subject (Year 5, Semester 1) Foreign Language (Mandarin, French, Spanish)

RETENTION POLICY A student should maintain an individual rating of 2.0 or better in all Accounting, Law, Taxation and Finance subjects. One retake per subject is allowed in case of cut-off failure. At the end of Year 2, Comprehensive Examination Level 1 (CEL 1) shall be administered to the student to gain admission to Year 3. This will be followed by CEL 2 at the end of Year 3; CEL 3 at the end of Year 4, and finally CEL 4 in the 5th year at the end of 1st semester. To pass the Comprehensive Examination, the student should obtain a general average of 75% but with no grade below 65% in any of the CEL subjects. Those who do not pass CEL 1 and 2 shall not be allowed a retake and will be advised to shift. Retake is allowed for CEL 3 and 4. The student shall apply for the said examination and pay the required fees. For more clarification, please contact the office of the Chair. FACULTY The faculty line-up includes CPAs with doctoral degrees in Business Administration, Ph.D. in Technological Management, Masters degree in Business Administration, Master of Science in Accountancy, Lawyers, and CPA-Lawyers. Most of the faculty members are current practitioners in various fields of their expertise while some were previously connected with organizations of high reputation. ADMISSION POLICIES 1. IQ requirement 95 2. APT & EPT 50 APPLICATION PROCEDURES All applicants must secure the USC application form. Complete application packages should include:

1. High School report card or Form 137 2. 3 copies 2 x 2 picture 3. Testing fee

FINANCIAL AID Scholarships are available to deserving students. These grants are generally good either for a year or for the duration of the program and are awarded on academic merit or financial need.

POSSIBLE EMPLOYMENT OPPORTUNITIES FOR BS-ACCOUNTANCY GRADUATES

CPAs can wear many hats. They are chief financial officers for top corporations, advisors to small neighborhood business. They work for public accounting firms, big, small and large; Commerce & Industry; Education; and Government. They are well-respected strategic business advisors and decision-makers. They act as consultants on many business issues, including taxes and accounting.

AIMS OF THE DEPARTMENT OF ACCOUNTANCY 1. To develop professionally competent and socially responsible graduates equipped with Christian

values as they act as change agents in local, national and global communities; 2. To provide adequate training applying innovative and experiential approaches to prepare them for the

Certified Public Accountants Licensure Examination, professional practice and entrepreneurship; 3. To continually update curricular and instructional programs to meet the demands of national and

global standards in varied fields of specialization; 4. To coordinate with other colleges and departments in the implementation of curricular programs, co-

curricular and extra-curricular activities for accountancy and non-accountancy students; 5. To maintain the standards of excellence in teaching, through application of student-centered

instructional approaches and continuing education of faculty; 6. To undertake researches based on the Research Agenda of the college and the university and ensure

that research outputs are utilized in enhancing teaching and learning. 7. To sustain linkages with industry and government through community-oriented projects involving

students of practicum courses and alumni in their respective work organizations; 8. To collaborate with students in their efforts to develop their leadership potentials through involvement

in student organizations.

USCs Achievements

Professional Regulations Commission Awards: 1. Ranked No. 2 October 2006 CPA Licensure Examinations (among schools with 57 99 examinees) 2. Ranked No. 3 October 2005 CPA Licensure Examinations (among schools with 57 99 examinees) 3. Ranked No. 2 May 2004 CPA Licensure Examinations (among schools with 100 and above candidates) 4. Ranked No. 3 - May 2003 CPA Licensure Examinations (among schools with 100 and above candidates) 5. Ranked No. 2 - among schools with over 100 candidates per PRC report (1993-1997): Source: Accounting

Times Jan-Feb 1998 6. Ranked No. 2 - among schools with 100 candidates and above per PRC Regulatory Report (1992-1996) 7. Ranked No. 3May 1997, May 1996 CPA Licensure Examinations (among schools with 101 candidates

and above) 8. Ranked No. 2October 1995 CPA Licensure Examination (among schools with 101 candidates and

above) 9. USC is the only school in category II (among schools with 51-100 candidates) obtaining a passing

percentage above the national passing percentage, May 1995 10. Ranked No. 1October 1994 & No. 2May 1994 CPA Licensure Examinations (among schools with

101-200 candidates) 11. Ranked No. 1 in the CPA Licensure Examinations given for the last 10 years (among schools with 101-

200 candidates) 12. Recipient of three top achievement awards obtaining the second highest in the CPA Licensure

Examinations in October 1990, May 1991, and October 1991 Producers of CPA board topnotchers as follows: Year No. of topnotchers

2000-2006 21 1990s 25 1980s 27 1970s 10 1960s 5 1950s 5

CONTACT US @

Fr. Mark C. Mathias, SVD., Ph.D.

Dean, College of Commerce E-mail: commdean@usc.edu.ph

Mr. Challoner A. Matero, CPA, MBM, CIA

Chair, Department of Accountancy E-mail: bsadept@usc.edu.ph

Atty. Christopher C. Malaya, CPA

Assistant Chair, Department of Accountancy E-mail: bsadept@usc.edu.ph

University of San Carlos College of Commerce

Department of Accountancy

P. Del Rosario Street 6000 Cebu City

Philippines

Telephone No. +63 32 253-1000 local 210 +63 32 253 3166

h|x| y ft Vt P. del Rosario Street, Cebu City 6000

COLLEGE OF COMMERCE

BACHELOR OF SCIENCE IN ACCOUNTANCY

(BSA)

w w w . u s c . e d u . p h

OUR VISION BACHELOR OF SCIENCE IN ACCOUNTANCY OBJECTIVES OF THE PROGRAM COURSE REQUIREMENTS THE BSA CURRICULUM FIRST YEAR First Semester Second Semester

First Semester AC 503 Financial Acctg. & Reporting, Part 1 6 AC 502 AC 504 Fundamentals of Accounting, Part 3 3 AC 502 AC 505 Database Management 3 Comp 1N Second Semester THIRD YEAR

First Semester Second Semester FOURTH YEAR

First Semester Second Semester Summer 1

FIFTH YEAR First Semester Second Semester

RETENTION POLICY FACULTY ADMISSION POLICIES APPLICATION PROCEDURES FINANCIAL AID POSSIBLE EMPLOYMENT OPPORTUNITIES FOR Mr. Challoner A. Matero, CPA, MBM, CIA E-mail: bsadept@usc.edu.ph