SANTA ISABEL COLLEGE MANILA

210 TAFT AVENUE, MANILA, PHILIPPINES

[Link].:525-94-16 to 19
FAX NO.: 524-7340

VISION
An audacious Christ-Centered educational institution committed to empowering communities of learners into inner-directed Vincentian leaders and advocates of persons who
are poor.

MISSION
At Santa Isabel College, we commit ourselves to:
 Courageously pursue value-innovative educational programs and services anchored in Christ.
 Interdependently accelerate leadership and professional development through continuing education and intensive Vincentian Formation.
 Synergistically facilitate the integral development of the learners towards transformation through current researches, relevant curricular offerings and responsive
community extension services.
 Relentlessly generate a new breed of self-directed, global and environmentally-caring Vincentian leaders.
 Ardently support one another in sustaining the shared mission.

CORE VALUES
To ensure the realization of the Santa Isabel College Vision and Mission, the following core values are given focus and integrated in the institution’s endeavors.
 Advocacy for persons who are poor.
 Commitment to Vincentian Excellence
 Compassionate Service
 Co-Responsibility
 Respect for Human Dignity
 Social Commitment
 Simplicity
 Solidarity with the Poor

EDUCATIONAL GOALS
a) The formation of a community of disciples steeped in faith and values.
b) The cultivation of human and Christian attitudes among the members of the school
c) The fuller integration into the mainstream of the life of the local Church.
d) The advancement of the socio-economic goals of the country through the development of self-reliant and productive citizens.
e) The promotion of pedagogical principles and strategies.
f) The promotion of a lifestyle which is Christ-centric, Marian and Vincentian.
 GRADUATE ATTRIBUTE & STANDARD OF LEARNING
(GA & SOL)

Core Value 1. Advocacy for Persons who are Poor

GA: Charitable
SOLs:
1. Involves one’s self in community extension services of the school
2. Shares time, talent and treasures generously with others in times of calamities
3. Loving and living out in truth and freedom, honesty and transparency in relationships, modest and simple lifestyle in solidarity with the less privileged
4. Actively involves oneself affecting the life of the poor
GA: Compassionate
SOLs:
1. Experience civic and social responsibilities
2. Accepts persons, groups and families regardless of gender, race, color and socio-economic status
3. Use talents and abilities to help other people especially the poor

Core Value 2. Commitment to Vincentian Excellence

GA: Competent
SOLs:
1. Enhances life skills such as critical thinking skills, communication and interpersonal skills and decision making skills for nation building
2. Demonstrates necessary skills for their chosen career path
3. Proficient and is able to demonstrate knowledge, skills and values in preparation for their job and needs of the industry
GA: Creative
SOLs:
1. Demonstrate skills using creative problem solving and sound moral judgment
2. Construct and expresses ideas creatively
3. Exercise critical reasoning and evaluation concerning ethical, moral and spiritual matters
4. Makes linkages and opens avenues to wider fields of employment

Core Value 3. Compassionate Service

GA: Compassionate
SOLs:
1. Demonstrate care and concern for others
2. Exercises social consciousness and responsibilities
 3. Exhibits flexibility and open-mindedness in resolving issues and predicaments
4. Exercises tact and prudence in giving comments/suggestions
GA: Charitable
SOLs:
1. Use God-given talents to help uplift the needy and disadvantaged
2. Appreciates and respects diversity as well as differences in relationships with people

Core Value 4. Co-Responsibility

GA: Compassionate
SOLs:
1. Participate in activities that promote the welfare on individuals
2. Recognizes the development of self and collaboration in the community
3. Promotes unity and camaraderie among people
4. Demonstrates greater accountability on decisions/choices made

Core Value 5. Respect of Human Dignity

GA: Christ-Centered
SOLs:
1. Grows in the practice of the Christian virtues of faith, hope and love through deepened, meaningful relationship with persons in the context of community
2. Recognizes that all individuals regardless of their status in life are endowed with dignity particularly of the most deprived as children of God
GA: Compassionate
SOLs:
1. Respects human rights as reflected in his behavior and relationships with other people
2. Exercise care and concern for others

Core Value 6. Social Commitment

GA: Competent
SOLs:
1. Demonstrates ethical and appropriate work habits (e.g. adaptability, accountability, productivity)
2. Able to apply logical reasoning to carry out real-life task/work
Core Value 7. Simplicity

GA: Charitable
SOLs:
1. Analyzes problems/situations before expressing ideas and experiences
2. Living out in truth, freedom and justice
Exercises transparency in relationships

Core Value 8. Solidarity with the Poor

GA: Compassionate
SOLs:
1. Accepts persons, groups and families regardless of gender, race, color and socio-economic status
2. Develops compassionate interest and genuine concern for the less privileged
GA: Christ -Centered
SOLs:
1. Recognizes the teachings of Christ and Social Teachings of the church towards social transformation
[Link]

1. Course Code :
2. Course Title : Regulatory Framework and Legal Issues in Business
3. Pre-Requisite :

4. Credit :
5. Course Description : This subject covers the students’ knowledge of the regulatory framework governing business
transactions and business organizations, and of business laws including their legal implications. It contains
an understanding of the pertinent legal provisions, general concepts, and underlying philosophy of the laws
applicable to commerce and business.

6. Program Outcomes and Relationship with Graduate Attributes

 Program Outcomes Graduate Attributes
A graduate of the Bachelor of Science in Accountancy Christ-
Charitable Compassionate Competent Creative
: Centered
A. Performs work activities effectively and efficiently to the accounting and auditing standards x x x x x
expected in the operation required in the accountancy profession.
B Undertakes tasks, functions, duties and responsibilities in the operation of the accounting and x x x x x
auditing firms, government and non-government agencies in accordance with the competency
standards.
C Analyzes situation, problems, formulate solution and implement corrective and/or mitigating x x x x x
measures and actions.
D Possess a sense of responsibility, self-esteem , sociability , self-management , integrity and x x x x x
honesty.
E Reads, writes , perform and mathematical operation appropriate in the industry. x x x x x
F Think creatively, makes decisions, solve problems, visualizes , knows to learn and reason. x x x x x
G Acquires and evaluates information in work related activities. x x x x x
H Works variety of technology. x x x x x
I Works harmoniously whether independently or as part of a group and how to deal with clients. x x x x x
J Identifies goal-relevant activities , ranks them and allocate resources. x x x x x
K Prepares the students to the very tough CPA licensure examinations x x x x x
 7. Course Objectives and Relationship to Program Outcomes:

Course Objectives Program Outcomes

Upon completion of the course, the student must be able to:
A B C D E F G H I J K
1. Recognized the legal implications of business situations or X X X X X X X X X X X
transactions and to know when to seek legal counsel or
recommend that it may be sought.
2. Apply various regulatory framework measures and the pertinent X X X X X X X X X X X
provisions of the law relative to a particular business scenario.
3. Be familiar with client’s rights and remedies, with handling X X X X X X X X X X X
disputes on regulatory issues.
4. Communicate effectively matters pertaining to the regulatory work. X X X X X X X X X X X

8. Course Coverage:

Teaching &
Time Instructional
Topic Intended Learning Outcomes Learning Assessment References
Frame Materials
Experience
Vision and Mission of Santa Isabel To be able to understand and to explain the Mission and Visions of
Week
College Vision and Mission of Santa Isabel College.
1-2 Santa Isabel College
Partnership Lecture Books /Hand Recitation John B.P. Drahos.
1.1 Nature as distinguish from To be able to discuss and understand the out Quiz (2000). Global
corporation Nature, Elements and kinds of a Partnership, Class discussion Seat work Business Regulation
1.2 Elements and Kinds the Formalities required, Rules of OHP Class
1.3 Formalities Required Management Distribution and Sharing of Board WReork
participation
1.4 Rules of Management Profits and losses, Mode and Retirement Video Friedrich Schneider.
1.5 Distribution and sharing of Profits requirements and the Limited Partnership. Presentation Assignments (2013). The Economic
or Losses Security of Business
1.6 Modes and Retirement Case Problem Transactions:
requirements Management in
1.7 Limited Partnership Business.
3-4 Corporation To be able to Discuss and Understand the Lecture Books /Hand Recitation
2.1 Nature and Classes of Corporation Nature and Classes of Corporation, out
2.2 Incorporation and Organization of Quiz
Incorporation and Organization of Private Class discussion
Private Corporation Corporation, Powers of A Corporation, Board OHP Seat work
2.3 Powers of a Corporation Board Work
of Directors and other Corporate Officers and Class
2.4 Board of Directors/Corporate
Officers the Classes of Stocks. Video
Presentation Participation
2.5 Classes of Stocks
Assignment
5 Corporation (Part 2) To be able to Understand and Explain the Lecture Books /Hand Recitation
3.1 Powers, Duties, Rights and Powers, Duties, Rights and Obligations of out
Quiz
Obligations of Stockholders Stockholders, Majority and Minority Control, Class discussion
3.2 Majority and Minority Control by Laws, Meetings, Corporate Reorganization, OHP Seat work
3.3 By Laws Non-Stock Corporation and the Modes of Board Work
Class
3.4 Meetings Dissolution and Liquidation. Video
3.5 Corporate Reorganization Presentation Participation
3.6 Non-stock Corporation Assignment
3.7 Modes of Dissolution and
Liquidation

6 PRELIMINARY EXAMINATIONS

7-9 Corporation (Part 3) To be able to Understand and Explain the Lecture Books /Hand Recitation
4.1 Foreign Corporation Foreign Corporation, its Definition and Rights, out
Quiz
4.2 Definition and Rights of Foreign the Definition of Doing Business and its Class discussion
Corporation relation to Foreign Investments, the purpose OHP Seat work
4.3 Definition of Doing Business and and Qualifications of Resident Agents, Suits Board Work
Class
Its Relation to Foreign Against Foreign Corporation, Suspension of Video
Investments License and Withdrawal from Business, the Presentation Participation
4.4 Purpose and Qualifications of Different Kinds and Availability of Corporate Assignment
Resident Agents. Books and the Securities Regulation Code.
4.5 Suits Against Foreign Corporation
4.6 Suspension or Revocation of
License and Withdrawal from
Business.
4.7 Kinds and Availability of
Corporate Books
 4.8 Securities Regulation Code.

Lecture Books /Hand

out Recitation
Class discussion
Quiz
OHP
Board Work Seat work
Video Class
Presentation
Participation
Assignment

10-11 Cooperatives To be able to Understand and Explain the Lecture Books /Hand Recitation
5.1 Organization and Registration of Organization and Registration of Cooperatives, out
Quiz
Cooperatives Administration, Responsibilities, Rights and Class discussion
5.2 Administration Privileges of Cooperatives, Capital, Property OHP Seat work
5.3 Responsibilities, Rights and and Funds, Audit, Inquiry and Member’s Right Board Work
Class
Privileges of Cooperatives to Examine, Allocation and Distribution of Video
5.4 Capital, Property of Funds Funds, as well as the different Types and Presentation Participation
5.5 Audit, Inquiry and Member’s Categories of Cooperatives, Merger and Assignment
Right to Examine Consolidation of Cooperatives and the
5.6 Allocation and Distribution of Dissolution of Cooperatives.
Funds
5.7 Types and Categories of
Cooperatives
5.8 Merger and Consolidation of
Cooperatives
5.9 Dissolution of Cooperatives

12 MID-TERM EXAMINATION
13-14 Law on Other Business Transactions To be able to Understand and Explain the PDIC Lecture Books /Hand Recitation
6.1 PDIC Law Law, Secrecy of Bank Deposits and Unclaimed out
Quiz
6.2 Secrecy of Bank Deposits and Balances Law and the General Banking Law. Class discussion
Unclaimed Balances Law OHP Seat work
6.3 General Banking Law Board Work
Class
Video
Presentation Participation
Assignment

15-16 Law on Other Business Transactions To be able to Discuss and Understand the Lecture Books /Hand Recitation
7.1 AMLA Law AMLA Law, the New Central Bank Act and the out
Quiz
7.2 The New Central Bank Act Intellectual Property Law. Class discussion
7.3 Intellectual Property Law OHP Seat work
Board Work
Class
Video
Presentation Participation
Assignment
18 FINAL EXAMINATIONS

9. Textbook/References : 1. John B.P. Drahos. (2000). Global Business Regulation

2. Friedrich Schneider. (2013). The Economic Security of Business Transactions: Management in Business.
 10. Course Requirement : 1. Calculator
2. Required textbook
3. Columnar worksheet

11. Grading System : Computation of Periodical Grade:

30% Average Quizzes (minimum of 4 quizzes)
30% Periodical Examination
40% Class Standing
Composition of Class Standing
30% Average Assignment
30% Average Seatwork
20% Class participation/recitation
20% Project/Research Work/Practice Set
PRELIM GRADE – 30% Average Quizzes
30% Prelim Exam
30% Class Standing

MID-TERM GRADE – 1/3 Prelim Grade

2/3 Actual Mid-Term Grade

FINAL GRADE - 1/3 Mid-Term Grade

2/3 Actual Final Grade

12. Textbook/References: 1. John B.P. Drahos. (2000). Global Business Regulation

2. Friedrich Schneider. (2013). The Economic Security of Business Transactions: Management in Business.

13. COURSE POLICIES : 1. The use of cellphone as calculator would not be allowed during quizzes, seatwork and major examinations.
 2. Cellphones should be in silent mode or turned off during the class period.
3. Texting during the class period is not allowed.
4. All students should come time during the class period. Provisions of the current SIC Student Handbook
on attendance/punctuality shall be applied/observed.
5. Students who caught cheating during quizzes, seatwork and major examination shall be subjected to
disciplinary actions as provided by the SIC Student Handbook.
6. Students should observe the proper decorum in the classroom during the class period.
7. Students are encouraged to see their professors for consultation during faculty’s consultation schedule.
8. Students are prohibited from copying for their assignments, research projects or accounting practice set.
9. Student should be in proper SIC uniform whenever they are inside the classroom.

13. CONSULTATION SCHEDULE

Class Hours: Location/Room No.

Name of Professor: Office Room No.:
E-mail/Phone No.: Office Hours:
Consultation Time: Consultation Venue:

Dr. Armando L. Bañares, CPA

October 2015