St.
Paul College of Ilocos Sur
Member, St. Paul University System
St. Paul Avenue, Bantay 2727, Ilocos Sur
DEPARTMENT OF BUSINESS AND TECHNOLOGY
Accountancy Program
COURSE SYLLABUS
A. COURSE INFORMATION
Course Code: LAW 103 Course Title: Regulatory Framework and Legal Issues in Business
Credit Units: 3 Prerequisite/s: LAW 102 – Business laws and Regulations
Semester: First Term & School Year: 2021 – 2022
Course Description: This course is intended to give the students a broad knowledge of legal provisions governing business associations – Limited
Liability Company, partnership and corporations. Topics include: nature of partnerships, elements and kinds of partnership, formalities required, rules
of management, distribution of profits and sharing of losses and liabilities, modes of dissolution, limited partnership, nature and classes of corporations,
requirements for incorporation, powers of a corporation (expressed, implied, and incidental) board of directors, classes of stocks, powers and
obligations of stockholders, majority and minority controls, corporate reorganization (mergers, consolidations and other business combinations) modes
of dissolution and liquidation, and statutory books, records, and returns required for a corporation. Also discussed are the laws of associations such
as clubs.
Course Learning Outcomes
At the end of the course, the students should be able to:
A. Introduce the general provisions of Partnerships;
B. Identify and understand the obligations of partnership in various circumstances;
C. Understand and analyze the concepts on the types of partnership in relation to its rights and responsibilities;
D. Define corporation;
E. Understand and analyze the various types of corporations, and how corporations are incorporated and organized;
F. Introduce the personalities involved in the incorporation, organization and management of corporation; and
G. Understand in a more intensive manner the laws governing merger, consolidation, and dissolution of corporations.
B. SPCEM PAULINIAN TERTIARY OUTCOMES
Life Performance Outcomes (LPOs):
LPO1: Ethical, Paulinian LEADERS and PROFESSIONALS (Christ-centeredness)
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I am a Christ-centered, Ethical Paulinian LEADER and PROFESSIONAL, consciously expressing my Faith.
LPO2: Cutting-Edge, Resilient VISIONARIES & INNOVATORS (Charism)
As a Christ-centered Paulinian, I am a Cutting-Edge, Resilient VISIONARY & INNOVATOR, demonstrating my creativity and charism.
LPO3: Engaging, Trustworthy TEAM BUILDERS and MENTORS (Community)
As a Christ-centered Paulinian, I am an Engaging, Trustworthy TEAM BUILDER and MENTOR, fostering community through active
collaboration.
LPO4: Reliable, Productive EXPERTS & IMPLEMENTERS (Commission)
As a Christ-centered Paulinian, I am a Reliable, Productive EXPERT and IMPLEMENTER, competently pursuing my mission in life.
LPO5: Dedicated, Transformative SUPPORTERS & STEWARDS of ALL CREATION (Charity)
As a Christ-centered Paulinian, I am a Dedicated, Transformative SUPPORTER and STEWARD of ALL CREATION, impelled by
compassion and charity for all.
Essential Performance Elements
Ethical, Paulinian LEADERS & PROFESSIONALS, who:
� Consistently adhere to ethical-moral standards of decision making and behavior in their personal, professional and organizational affairs
� Declare, affirm, and manifest the values and principles of honesty, transparency, responsibility, accountability, and fairness in their professional
lives and endeavors
� Launch and sustain initiatives that openly advocate and tangibly uphold the rights and dignity of those seeking redress for all norms of injustices
committed against them, and reach out to those who are deprived, marginalized and underserved
� Articulate, advocate, and exhibit Paulinian ideals and values in their private and professional lives nurtured by prayer and a deep relationship
with God
� Speak and take action to expose and redress violations of social and professional norms and principles whatever the consequences may be
Cutting-Edge, Resilient VISIONARIES & INNOVATORS, who:
� Clarify and explain emerging and potential social, economic, political, and technological trends affecting their field and propose feasible ways to
incorporate them in their work
Engaging, Trustworthy TEAM BUILDERS & MENTORS, who:
� Invite open, non-judgmental communication with others, listening closely to the intent and spirit of their words and offering clear, constructive
responses in return
� Clarify at the outset the substance and intent of all agreements and commitments made, making every effort to fulfill them and supporting others
to do the same
� Publicly explain the purpose and potential benefits of all group endeavors, enlisting explicit agreement and support for them from participants
before proceeding
� Initiate and develop jointly beneficial and sustainable projects with colleagues in which plans and responsibilities are equitably shared, reliably
carried out and honestly evaluated by all
Reliable, Productive EXPERTS & IMPLEMENTERS, who:
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� Set and diligently pursue high performance standards for the continuous improvement of themselves and their organizations
� Accurately describe the knowledge and skills that adept career professionals in their field consistently demonstrate, and evaluate whether theirs
compare favorably
� continuously improve their competencies, the quality of their work, and their tangible benefits to fellow colleagues and clients
� Develop and accomplish projects and related work that meet or exceed quality standards within agreed-upon timeliness and resource limits
Dedicated, Transformative SUPPORTERS & STEWARDS of ALL CREATION, who:
� Mobilize others in advocating and implementing public policies and programs that foster justice, peace, solidarity, and respect for life and
cultures
C. SPCIS PHILOSOPHY, VISION-MISSION, AND PROGRAM OUTCOMES
Philosophy
St. Paul College of Ilocos Sur is a Catholic school dedicated to the formation of the whole person—education in faith, academic excellence in a caring
environment, and community service in charity.
Our model is the person of Christ who is the Way, the Truth, and the Life. We endeavor to assist our students grow in their faith in order to bring Christ
to the world.
We promote a Catholic faith community where parents are the primary educators of their children. The teachers, support staff, and maintenance personnel
assist the parents in this tremendous responsibility by providing and facilitating an education in the Roman Catholic Faith, Identity, and Tradition.
We strive for academic excellence through a curriculum comparable with that of quality and effective schools and integrate the Catholic faith in all
academic disciplines.
We respond to the gospel call to community and service in the spirit of Christ by providing opportunities for social transformation through service-oriented
outreach programs to the Church and the civic community.
Vision
We envision St. Paul College of Ilocos Sur as the Cradle of Catholic Education of Excellence and the Choice Home of transformed persons journeying
towards Union with God.
Mission
We commit ourselves to:
1. Zealously proclaim Jesus Christ as the Good News to all;
2. Steadfastly provide integral Catholic education marked by academic excellence, research capabilities, and sustainable community development;
3. Passionately pursue programs and initiatives which are creative, transformative, and sustainable to address the needs of the Church and
society in collaboration with strategic partners.
4. Resolutely build communities of compassionate disciples with various stakeholders.
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5. Purposively manage systems and processes in the spirit of Christian stewardship and good governance.
Department of Business and Technology Objectives
Department of Business and Technology of St. Paul College of Ilocos Sur prepares students to become successful professionals who are
Christ-centered, integrated, competent, and socially responsible Paulinian leaders in the service of the Church and society.
Bachelor of Science in Accountancy
Program Outcomes
The BSA graduates should be able to:
1. articulate and discourse the latest development in their field adhering to Christian values-laden judgement;
2. resolve business issues and problems, with a global and strategic perspective using relevant data and technical expertise in the different areas
of accounting and management;
3. conduct accountancy research that manifests into breakthroughs for the society and environment incorporating accounting theory and
methodologies;
4. employ technology as a business tool in capturing financial and non-financial information, generating reports and making decisions;
5. apply knowledge and skills to successfully respond to various types of assessments; and
6. communicate well and act in recognition of professional, social, spiritual and ethical responsibility in performing functions as an accountant.
D. LEARNING PLAN
ESSENTIAL RESOURCES
INTENDED
PERFORMANCE COURSE CONTENT OR TIME TEACHING & LEARNING ASSESSMENT (Teaching &
LEARNING
ELEMENTS TOPICS FRAME ACTIVITIES TASKS (ATs) Learning
OUTCOMES (ILOs)
(EPEs) Materials)
PRELIMS
1EPE2 - Declare, At the end of these Module 1: Weeks Content Course Syllabus
affirm, and weeks, students Partnership (Part 1) 1-6 • Brainstorming Assessment
manifest the should be able to: a. General provisions 3 hours Recall the students’ Modules
values and a. Introduce the b. Obligation of the concepts on business Formative
principles of general provisions Partnership laws and regulations Online
honesty, of Partnerships; - Obligation of the Summative References
transparency, b. Identify and partnership among • Lecture The students are to
responsibility, understand the themselves The students are answer the PowerPoint
accountability, and obligations of - Property rights of introduced with the different activities Presentations
fairness in their partnership in the partnership concepts of the different at the end of each
- Obligation of the laws on partnership module
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professional lives various partners with
and endeavors circumstances; regard to third
person
1EPE3 - Launch
and sustain
initiatives that
openly advocate
and tangibly
uphold the rights
and dignity of
those seeking
redress for all
norms of injustices
committed against
them, and reach
out to those who
are deprived,
marginalized and
underserved
1EPE4 - Articulate,
advocate, and
exhibit Paulinian
ideals and values
in their private and
professional lives
nurtured by prayer
and a deep
relationship with
God
ESSENTIAL RESOURCES
INTENDED
PERFORMANCE COURSE CONTENT OR TIME TEACHING & LEARNING ASSESSMENT (Teaching &
LEARNING
ELEMENTS TOPICS FRAME ACTIVITIES TASKS (ATs) Learning
OUTCOMES (ILOs)
(EPEs) Materials)
MIDTERMS
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2EPE2 - Clarify At the end of these Module 2: Weeks Content Course Syllabus
and explain weeks, students Partnership (Part 2) 7-8 • Brainstorming Assessment
emerging and should be able to: 3 hours Recall the students’ Modules
potential social, a. Understand and a. Dissolution and concepts on partnership Formative
economic, political, analyze the winding up laws PowerPoint
and technological concepts on the b. Limited partnership Summative Presentations
trends affecting types of • Lecture The students are to
their field and partnership in The students are answer the
propose feasible relation to its Module 3: Weeks introduced with the different activities
ways to rights and Private Corporation (Part 9-12 concepts of laws governing at the end of each
incorporate them in responsibilities; 1) 3 hours partnership and module
their work b. Define - The Corporation corporation
corporation; Code of the
3EPE1 - Invite c. Understand and Philippines
open, non- analyze the a. General provisions
judgmental various types of b. Incorporation and
communication corporation, and organization of Private
with others, how corporations Corporations
listening closely to are incorporated c. Board of Directors /
the intent and spirit and organized; Trustees/Officers
of their words and d. Powers of
offering clear, Corporations
constructive e. By-Laws
responses in return
3EPE3 - Publicly
explain the
purpose and
potential benefits
of all group
endeavors,
enlisting explicit
agreement and
support for them
from participants
before proceeding
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ESSENTIAL RESOURCES
INTENDED
PERFORMANCE COURSE CONTENT OR TIME TEACHING & LEARNING ASSESSMENT (Teaching &
LEARNING
ELEMENTS TOPICS FRAME ACTIVITIES TASKS (ATs) Learning
OUTCOMES (ILOs)
(EPEs) Materials)
FINALS
4EPE3 - At the end of these Module 4: Weeks Content Course Syllabus
continuously weeks, students Private Corporation (Part 13-18 • Brainstorming Assessment
improve their should be able to: 2) 3 hours Recall the students’ Modules
competencies, the a. Introduce the concepts on corporate Formative
quality of their personalities a. Meetings laws Online
work, and their involved in the b. Stocks and Summative References
tangible benefits to incorporation, Stockholders • Lecture The students are to
fellow colleagues organization and c. Merger and The students are answer the PowerPoint
and clients management of Consolidation introduced with the different activities Presentations
corporation; and d. Non-Stock continuation of the different at the end of each
4EPE4 – Develop b. Understand in a Corporations laws governing private module
and accomplish more intensive e. Close Corporation corporations in the
projects and manner the laws f. Special Corporation Philippines
related work that governing merger, - Educational
meet or exceed consolidation, and corporation
quality standards dissolution of - Religious
within agreed-upon corporations. corporations
timeliness and g. Dissolutions
resource limits h. Foreign corporations
i. Miscellaneous
5EPE1 - Promote provisions
and actively
participate in
initiatives that
advocate, and
directly support the
right of all
creatures to exist
and flourish
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No. of Weeks/Hours 18 weeks / 54 hours
E. COURSE OUTPUTS/LEARNING EVIDENCE:
As proof of achievement of the above-mentioned outcomes, students are required to submit/demonstrate the following:
LEARNING OUTCOMES REQUIRED OUTPUT DUE DATE
LO 1: Apply principles governing regulatory Case Analysis Compilation January 30, 2022
framework and legal issues in business to different
scenarios.
F. ASSESSMENT AND GRADING SYSTEM
LECTURE
Outputs/Projects/Products = 40%
Prelim Exam = 15%
Midterm Exam = 15%
Final Exam = 20%
Class Standing = 10%
Total =100% Final Lecture Grade
Minimum Learning Passing Percentage = 75%
G. REFERENCES (APA FORMAT)
Book
De Leon, H. (2005). The law on Partnerships and Private Corporations. Rex Printing Company, Inc. Florentino St. Quezon City
Prepared by: Date Reviewed by: Date Approved by: Date
Atty. Bryann Jett S. Pano Mr. Aries Jay R S. Fule Ms. Katrina Joy A. Naval
Instructor Program Chairperson, OIC, Office of the Vice President for
Department of Business and Technology Academics
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