Department of Accounting Education

ACC 311 – Course Syllabus

COURSE INFORMATION
1. Course Number : ACC 311
2. Course Name: : :Income Taxation
3. Course Description : This introductory taxation course is primarily concerned with income taxation. The
objective is to develop a working knowledge of the basic principles and rules the
income tax system as these apply to individuals, partnerships and corporations. It
covers an overview of the national tax system, and the income taxation of employees
and unincorporated businesses and incorporated businesses. It provides the students
with knowledge of capital gains tax, final tax, the normal tax, and the improperly
accumulated profits tax of corporations and withholding taxes. Tax forms are provided
for specific topics discussed.
4. Pre-requisite : ACC 211
5. Co-requisite : None
6. Credit : 3.0 units
7. Class Schedule : 6 hours per week (1 Term)

PROGRAM EDUCATIONAL OBJECTIVES (PEO) OF BSA:

Three to five years after graduation, the BSA graduates are expected to:
1. Demonstrate technical and professional competence in the practice of the profession: private,
government, academe, and public accounting.
2. Involve in continuing professional development through participation to trainings, seminars,
conferences, and further studies.

ALIGNMENT OF GRADUATE ATTRIBUTES (GAS) AND PEOS TO SOS

SO A B C D E F G H I J K L M N O P Q R S T
Galing ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Graduate Gawa ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Attributes Gawi ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Gana ✓ ✓ ✓ ✓ ✓
Program PEO1 ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓ ✓
Educational
PEO2 ✓ ✓ ✓
Objectives

COURSE OUTCOMES (CO) OF ACC 223 AND THEIR LINKS TO SO

SO
Upon completion of the course, the BSA students are expected to:
A B C D E F G H I J
Describe the nature, scope, characteristics, principles and
limitations of a sound system of taxation and identify the
CO 1 classification of taxpayers, corporations, partnership and estates
E E
and trusts.
Point out the sources of taxable income, exemptions and allowable
deductions, calculate tax due and use the appropriate income tax
CO 2 forms for individual and corporation income tax return and other
E E
administrative compliance requirements

SO
Upon completion of the course, the BSA students are expected to:
K L M N O P Q R S T
Describe the nature, scope, characteristics, principles and limitations of a
CO 1 sound system of taxation and identify the classification of taxpayers, E E E E E D D E E E
corporations, partnership and estates and trusts.
Point out the sources of taxable income, exemptions and allowable
deductions, calculate tax due and use the appropriate income tax forms for
CO 2 individual and corporation income tax return and other administrative E E E E E D D E E E
compliance requirements.

Legend:
I = Upon attainment of this CO, students will have been introduced to the SO.
E = Upon attainment of this CO, students will have enabled themselves to attain the SO.
D = Upon attainment of this CO, students will have demonstrated partly or fully the SO.

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 Department of Accounting Education
ACC 311 – Course Syllabus
University Vision, Mission, Philosophy, Graduate Attributes, Program Educational Objectives (PEO)
Values, and Competencies

Vision: The University of Mindanao envisions to be a leading 1. Demonstrate technical and professional
globally engaged university creating sustainable impact in society. competence in the practice of the
profession: private, government, academe,
Mission: The University of Mindanao seeks to provide a dynamic and public accounting.
learning environment through the highest standard of instruction,
research, extension, and production in a private non-sectarian 2. Involve in continuing professional
institution committed to democratizing access to education. development through participation to
trainings, seminars, conferences, and further
Educational Philosophy: Transformative education through studies.
polishing diamonds in the rough.

Values: Excellence, Honesty and Integrity, Innovation, and

Teamwork.

Graduate Attributes: Galing, Gawa, Gawi, at Gana

Core Competency: Quality, affordable and open education

Student Outcomes (SO)

SOa. Articulate and discuss the latest developments in the specific field of
practice. (PQF level 6 descriptor)
SOb. Effectively communicate orally and in writing using both English and
Filipino.
SOc. Work effectively and independently in multi-disciplinary and multi-
cultural teams. (PQF level 6 descriptor) Course Outcome (CO)
SOd. Act in recognition of professional, social and ethical responsibility.
SOe. Preserve and promote Filipino historical and cultural heritage.
SOf. Describe the basic functions of management such as planning,
organizing, leading and controlling.
SOg. Identify and describe the basic concepts that underlie each of the
functional areas of business (marketing, finance, human resources 1. Describe the nature, scope,
management, production and operations management, information characteristics, principles and limitations of a
technology and strategic management) and employ these concepts in
various business situations. sound system of taxation and identify the
SOh. Select the proper decision-making tools to critically, analytically and classification of taxpayers, corporations,
creatively solve problems and drive results. partnership and estates and trusts.
SOi. Express clearly and communicate effectively with stakeholders both in
oral and written forms.
2. Point out the sources of taxable income,
SOj. Apply information and communication technology (ICT) skills as
required by the business environment. exemptions and allowable deductions,
SOk. Work effectively with other stakeholders and manage conflict in the calculate tax due and use the appropriate
workplace. income tax forms for individual and
SOl. Organize and lead groups to plan and implement business related corporation income tax return and other
activities.
SOm. Demonstrate corporate citizenship and social responsibility; and
administrative compliance requirements.
SOn. Exercise high personal moral and ethical standards.
SOo. Resolve business issues and problems, with a global perspective and
particular emphasis on matters confronting financial statement preparers
and users, using their knowledge and technical proficiency in the areas of
financial accounting and reporting, cost accounting and management,
management accounting, auditing, taxation and accounting information
systems.
SOp. Conduct accounting research through independent studies of relevant
literature and appropriate use of accounting theory and methodologies.
SOq. Employ technology as a business tool in capturing financial and non-
financial information, generating reports and making decisions.
SOr. Apply knowledge and skills that will enable them to successfully
respond to various types of assessments (including professional licensure
and certifications).
SOs. Maintain a professional commitment to good corporate citizenship,
social responsibility and ethical practice when performing functions as a
professional accountant.
SOt. Participate in various types of employment, development activities, and
public discourses, particularly in response to the needs of the communities.
one serves.

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 Department of Accounting Education
ACC 311 – Course Syllabus
CO AND ASSESSMENT TASK ALIGNMENT
Assessment Task
CO Assessment
Theory-based Practice-based Coverage
Schedule
1. Describe the nature, scope,
characteristics, principles and
limitations of a sound system of
Multiple Choice ➢ Chapters 1 - 4
taxation and identify the None First Exam
Questions
classification of taxpayers,
corporations, partnership and
estates and trusts

Multiple Choice ➢ Chapters 5 - 7

None Second Exam
Questions
2. Determine the audit process as it
accounts to the professional’s
Multiple Choice Income Tax Return ➢ Chapters 8 - 11
responsibility in the holistic scope Third Exam
Questions Preparation
from pre-engagement of audit up to
the preparation of audit reports.
Multiple Choice ➢ All topics
None Final Exam
Questions

*Final assessment will be a comprehensive examination (from first topic to the last) in an MCQ

ASSESSMENT TASK DETAILS (THEORY-BASED)

Assessment
Coverage Assessment Task Details
Schedule
In this task, you are expected to:
• Comprehend concept of taxation and identify its sources.
• Identify major classification of taxes.
• Identify classification of taxpayers.
• Identify different sources of income.
• Apply tax concepts to determine or compute taxable income and
Chapters 1 - 4 MCQ (80% of the tax due of different taxpayers (individual and corporation
First Exam
exam) • Apply concepts to determine appropriate tax rules/procedures in
computing tax dues for corporations.
Integration:
• SDG – Peace and Justice Strong Institutions, Critical Thinking,
Selfawareness
• 21st Century Skills (GA) – Critical thinking, Global
Awareness/Citizenship
In this task, you are expected to:
• Properly account the computation of taxable income and tax due
for estate and trusts.
• Apply taxation concepts on the computation of taxable income
and tax classified as General Professional Partnership or
Second Chapters 5 -7 MCQ (80% of the
General Co-Partnership.
Exam exam)
• Identify different components of gross income
Integration:
▪ SDG – Peace and Justice Strong Institutions, Critical Thinking, Self-
awareness
▪ 21st Century Skills (GA) – Critical thinking, Communication
In this task, you are expected to:
• Properly account for the computation of the grossed up
monetary value and fringe benefit tax for different types of fringe
benefits.
• Identify the difference between Ordinary Gain vs Capital Gain
and Ordinary Loss vs Capital Loss.
Chapters 8 - MCQ (80% of • Properly account dispositions of real properties.
Third Exam
11 the exam) • Identify different components of allowable deductions.
• Differentiate types of withholding taxes and different BIR forms
and their filing dates respectively.
Integration:
▪ SDG – Peace and Justice Strong Institutions, Critical Thinking, Self-
awareness
▪ 21st Century Skills (GA) – Critical thinking, Communication
In this task, you are expected to:
• Answer multiple choice questions covering all topics discussed during
MCQ (100% of the the term.
Final Exam All Topics
exam) • Solve multiple choice problems related to all accounting concepts
discussed during the term.

ACC 311 – Income

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 Department of Accounting Education
ACC 311 – Course Syllabus
Integration:
▪ SDG – Peace and Justice Strong Institutions, Critical Thinking, Self-
awareness
▪ 21st Century Skills (GA) – Critical thinking, Communication

ASSESSMENT TASK DETAILS (PRACTICE/PERFORMANCE-BASED)

Assessment
Coverage Assessment Task Details
Schedule
• In this task, you are required to synthesize the applicable
concept, nature and effect of obligation based on a scenario or
case provided.
• You are expected to integrate arguments in the required reading
Completing the FS research articles in your essay.
using the FS • The short essay will be on-the-spot and should only be written in
First Exam Analysis the front page of the examination booklet.
Computations • You will be graded according to the following criteria (see rubric
(40% of the exam) attached).
Integration:
• SDG – Peace and Justice Strong Institutions, Critical Thinking,
Self-awareness
• 21st Century Skills (GA) – Critical thinking, Communication
• In this task, you are required to synthesize the applicable
concept, nature and effect of obligation based on a scenario or
case provided.
• You are expected to integrate arguments in the required reading
research articles in your essay.
• The short essay will be on-the-spot and should only be written in
Second
the front page of the examination booklet.
Exam
• You will be graded according to the following criteria (see rubric
attached).
Integration:
• SDG – Peace and Justice Strong Institutions, Critical Thinking,
Self-awareness
• 21st Century Skills (GA) – Critical thinking, Communication
• In this task, you are required to synthesize the applicable
concept, essential requisite or form of contracts based on a
scenario or case given.
• The short essay will be on-the-spot and should only be written
Income Tax in the front page of the examination booklet.
Third Exam Chapters 8 - 11 Return • You will be graded according to the following criteria (see rubric
Preparation attached).
Integration:
• SDG – Peace and Justice Strong Institutions, Critical Thinking,
Self-awareness’
• 21st Century Skills (GA) – Critical thinking, Communication

COURSE OUTLINE AND TIME FRAME

TIME
TOPICS FOR FIRST EXAMINATION Teaching Learning Activities RESOURCES
FRAME
➢ Orientation on Classroom and University Synchronous: Cloma, Manua &Wines (2018)
Policies as well as Grading System ➢ Orientation Level of tax awareness and tax
➢ Discussion of VMV, PEO, SO, and CO ➢ Lecture/Discussion compliance among sole
Week 1 ➢ Lesson 1- Basic Principles ➢ Short Quizzers proprietors in Tagum City
to Week ➢ Lesson 2- Taxation of Individuals ➢ Oral Recitations
3 ➢ Lesson 3- Taxation of Corporations
Asynchronous:
➢ Assignment
➢ Quipper Tools
TOPICS FOR SECOND EXAMINATION

ACC 311 – Income

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 Department of Accounting Education
ACC 311 – Course Syllabus

⮚ Lesson 4 - Taxation of Estates and Trusts Synchronous: Cloma, Manua &Wines (2018)
➢ Lecture/Discussion Level of tax awareness and tax
⮚ Lesson 5 - Taxation of Partnership and ➢ Comprehensive Quizzers compliance among sole
Week 4
Partners ➢ Oral Recitations proprietors in Tagum City
to Week
5 ⮚ Lesson 6- Gross Income
Asynchronous:
➢ Assignment
➢ Quipper Tools
TOPICS FOR THIRD EXAMINATION
➢ Lesson 7 - Fringe Benefits Synchronous: Cloma, Manua &Wines (2018)
➢ Lesson 8 - Gains and Losses from Dealings in ➢ Lecture/Discussion Level of tax awareness and tax
Property ➢ Comprehensive Quizzers compliance among sole
Week 6
➢ Lesson 9 - Allowable Deductions ➢ Oral Recitations proprietors in Tagum City
to Week
➢ Lesson 10- Withholding Taxes
7
Asynchronous:
➢ Assignment
➢ Quipper Tools
TOPICS UNTIL FINAL EXAMINATION
⮚ Lesson 11- Foreign tax credit Synchronous:
⮚ Lesson 12 – Penalties ➢ Lecture/Discussion
⮚ Lesson 13- Returns and payment of tax ➢ Comprehensive Quizzers Cloma, Manua &Wines (2018)
Week 8
➢ Oral Recitations Level of tax awareness and tax
to Week
compliance among sole
9
Asynchronous: proprietors in Tagum City
➢ Assignment
➢ Quipper Tools

TEXTBOOK

1. Ampongan,O. (2019). Income taxation: with Practice Set, Manila, Philippines: Conanan Educational Supply.

REFERENCES

1. a. Llamado, C. (2019). Philipine Income Tax. Manila, Philippines: GIC Enterpriese & Co., Inc.
2. Reyes, V. (2019). A study on income tax, law and accounting : under the train law. Manila , Philippines : GIC
Enterprises & Co., Inc,
3. Arias, M. C., Finnerty, C., Yap, B. K., & Sampat, D. (2021). Philippines enacts law on corporate income tax
rates and fiscal incentives. Journal of International Taxation, 32(6), 21-22. Retrieved from
https://www.proquest.com/trade-journals/philippines-enacts-law-on-corporate-
incometax/docview/2585491330/se-2
4. Philippines: House pushes for income tax relief for medical front-liners. (2021, Feb 02). Asia News Monitor
Retrieved from https://www.proquest.com/newspapers/philippines-house-pushes-income-
taxrelief/docview/2484311033/se-2
5. Philippines: Tax policy, tax administration, resource mobilization, and fiscal consolidation. (2022, Jul 01).
Asia News Monitor Retrieved from https://www.proquest.com/newspapers/philippines-tax-
policyadministration-resource/docview/2682498098/se-2

ASSESSMENT AND FEEDBACK PLAN

Course Outcomes/Weight Feedback

Assessment Task
1 2 Method

Quiz 10% LMS

True or False ✓ ✓ LMS
Oral Recitation ✓ ✓ In-person
MCQ and/or Short Problems 30% (Exams 1-3) In-person/Rubrics
Seat work ✓ ✓ In-person/Rubrics
LMS Activity ✓ ✓ LMS
Comprehensive Exam 40% (Exam 4) In-person
Research 20% Rubrics
*Base-15 grading system
ACC 311 – Income
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 Department of Accounting Education
ACC 311 – Course Syllabus

POLICIES AND GUIDELINES

1. Attendance is counted from the first regular class meeting.

2. A validated student identification card must always by worn be all students while attending classes.
3. Cheating, plagiarism, and all forms of academic dishonesty are expressly forbidden in this course, and by the
university’s Policy on Academic Integrity. Examples of such violations include but not limited to:
a. collusion, purchasing, or commissioning assessment task/research paper.
b. copying verbatim from a research article/book/journal/etc.
c. copying verbatim from generative AI, such as ChatGPT.
d. falsifying or inventing any information, data or citation; and
e. false representation.
4. Valid examination permits are necessary in taking the examinations as scheduled.
5. Base-15 grading policy should be observed. Students who obtained failing scores in major examinations are
recommended to attend tutorial classes or any intervention program; and
6. For other policies and guidelines, refer to Student Handbook.

Prepared by: Reviewed by:

JOSHUA T. ZABALA, CPA JOE MARI N. FLORES, MSA, CPA

Faculty Member BSA, Program Head

References Reviewed by: Recommending Approval:

CLARISSA R. DONAYRE, MSLS GINA FE G. ISRAEL, EdD

Chief, Learning and Information Center Dean of College

Approved by:

PEDRITO M. CASTILLO II, EdD

VP, Institute of Pedagogical Advancement and Competitiveness

ACC 311 – Income

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