FAR EASTERN UNIVERSITY-MANILA

Vision
Guided by the core values of Fortitude, Excellence and Uprightness, Far Eastern University aims to be a university of choice in Asia.

Mission
Committed to the highest intellectual, moral and cultural standards, it strives to produce principled and competent graduates. It nurtures a service-
oriented and environment conscious community which seeks to contribute to the advancement of the global society.

Quality Policy Far Eastern University is committed to providing quality educational services. Each person is expected to do the job right the first
time with the intention of consistently satisfying the requirement of our students, other members of FEU community, and external parties. Under
any given circumstances we shall adhere to all the requirements and standards for continuous improvement and effectiveness of the quality
management systems.

INSTITUTE OF ACCOUNTS, BUSINESS AND FINANCE

Vision
Far Eastern University – Institute of Accounts, Business and Finance (IABF) envisions itself to be the preferred business school in Asia.

Mission
The Institute of Accounts, Business and Finance is committed to produce principled and competent business graduates, espousing Fortitude,
Excellence and Uprightness. IABF will promote community engaged, service-oriented individuals who will shape and build strong organization in
the future.

DEPARTMENT OF ACCOUNTANCY

Vision
Guided by the core values (Fortitude, Excellence and Uprightness) of a true-blooded Tamaraw, the Accountancy Program of FEU– IABF envisions
itself as a Center of Excellence in Accountancy Education.

Mission
It commits to develop future responsible accounting professionals through holistic accountancy curriculum, extensive and innovative delivery of
instruction, competent and highly qualified faculty, state-of-the-art facilities, industry and community-based researches, practical-based student
apprenticeship program and extensive community.
Program Learning Outcomes (PLO)

A graduate of BS in Accountancy and BS Internal Auditing should be able to:

1. Analyze business transactions in accordance with the appropriate accounting and auditing standards, taxation and business laws.

2. Prepare financial statements and other-related reports in accordance with applicable accounting and auditing standards, taxation and
business laws.

3. Utilize appropriate accounting/auditing information systems in managing business transactions.

4. Identify the features of various business processes of global, e-commerce and emerging markets.

5. Develop a strategic business plan using the management concepts and principles holistically.

6. Interpret the business environment through the use of various financial and management analysis.

7. Evaluate accounting-related topics and contemporary issues through written inquiry and investigation.

8. Apply relevant auditing standards to financial statements audit for reliable communication of results to stakeholders.

9. Act with integrity, objectivity, professional competence and due care, confidentiality and professional behavior in accordance with Code of
Ethics.

10. Prepare income tax returns and other business documents in compliance with regulatory requirements.

11. Pass the licensure examination and global certifications.

12. Demonstrate leadership and interpersonal skills through collaborative work.

13. Communicate effectively in a variety of domain including writing, speaking, listening and reading in the context of accounting and
business.

14. Adapt to changing environment by responding positively to challenges.

15. Manifest the FEU core values - Fortitude, Excellence and Uprightness.
Course Title : Regulatory Framework and Legal Issues in Business
Course Code : LAW1103
Credits : Three (3) units
Prerequisite : LAW1101

Description : This course is the third in the series of three courses that cover the topic on regulatory framework governing business
transactions and business organizations/associations, and of business laws including their legal implications. The courses provide the learners the
knowledge of the pertinent legal provisions, general principles, concepts, and underlying philosophy of the special laws applicable to commerce
and business. This course provides basic knowledge about other laws on other business transactions, to wit: Negotiable instruments, Bouncing
Checks, PDIC Law, Secrecy of Bank Deposits and Unclaimed Balances, AMLA Law with emphasis on covered transactions, reportorial
requirements, unlawful activities, suspicious transactions, covered institutions/persons, and powers of AMLC. Intellectual Property Law( Law on
Patents, the Law on Trademark, Service Marks and Trade Names, and Copyright), Data Privacy Act, and E- Commerce Act and such other
pertinent laws related to regulatory governing business transactions.

Time Lesson/Topics Course Learning Outcomes Strategy/Methodology/ Student Formative

Frame Activities Output Assessment
Week/Day

 Course Orientation At the end of this lesson, the  Discussion of Perception  Students’
and Policies, learner will be able to: university and about the Feedback
Standards, Guidelines  imbue the school’s classroom policies course and  Pre-test
(PSG) Discussion mission, vision.  Discussion of other
 know and understand the syllabus expectations
 Administrative policies and requirements  Discussion on about the
matters for completing the course. course requirements
 explain the relevance of requirements and for completing
the subject in their grading system the course.
profession.  Expectations
 articulate his/her own setting
expectations from this  Election of class
course. officers and
arrangement of
seat plan

Consumer Protection (2 At the end of this lesson, the  Lectures Submission of  Recitation
hours) learner will be able to:  Group case studies Case Digests  Short
 Explain the consumer presentation
of case
 product quality and digests
safety
 Illustrate the deceptive
sales acts and
practices
 Describe product
service and warranty
 Illustrate labelling and
packaging
 Apply consumer rights
Price Tag Act
Lemon Law

Time Lesson/Topics Course Learning Outcomes Strategy/Methodology/ Student Formative

Frame Activities Output Assessment
Week/Day

Financial Rehabilitation At the end of this lesson, the  Lectures Submission of  Quiz
and Insolvency (5 learner will be able to:  Illustrative problems case digest  Recitation
hours)  Discuss the definition of and cases  Case study
terms  Problem solving  Group work
 Elaborate suspension of  Demonstration
payments  Brainstorming
 Describe and apply exercise
rehabilitation on:  Focus group
discussion
a) Types
b) Commencement order  Assignment
c) Stay or suspension order  Use of slides and
d) Rehabilitation receiver handouts
e) Management
Committee
f) Rehabilitation plan
g) Cram down effect

Discuss and apply liquidation on:

 a) Types
b) Conversion of
rehabilitation to liquidation
proceedings
c) Liquidation order
d) Rights of secured
creditors
e) Liquidator
f) Rehabilitation plan
g) Liquidation of plan

Time Lesson/Topics Course Learning Outcomes Strategy/Methodology/ Student Formative

Frame Activities Output Assessment
Week/Day

Philippine At the end of this lesson, the  Lectures Submission of  Quiz

Competition Act (2 learner will  Illustrative case digest  Recitation
hours) be able to: problems and  Case
cases study
 Discuss the definition and  Problem solving  Group
scope of application.  Demonstration work
 Elaborate and apply  Brainstorming
prohibited acts exercise
a) Anti-competitive  Focus group
agreements discussion
b) Abuse of dominant  Assignment
position  Use of slides and
c) Prohibited mergers handouts
 and acquisitions
d) Exceptions
 Illustrate and apply
covered transactions
a) Threshold for
compulsory notification
b) Notifying entity
c) Period of notifications
d) Exceptions

Government At the end of this lesson, the  Lectures Submission of  Quiz

Procurement Law (2 learner will  Illustrative case digest  Recitation
hours) be able to: problems and  Case
cases study
 Explain the general  Problem solving  Group
principles  Demonstration work
 Discuss the scope and  Brainstorming
application exercise
 Discuss the definition of  Focus group
terms discussion
 Discuss and apply the  Assignment
procurement procedures  Use of slides and
a) Preparation of handouts
bidding documents
b) Invitation to bid
c) Receipt and opening
of bids
d) Bid evaluation
e) Post-qualification
f) Award,
implementation and
termination of the contract

PDIC Law (2 hours) At the end of this lesson, the  Quiz

learner will  Lectures Submission of  Recitation
be able to: case digest
  Describe the insurable  Illustrative  Case
deposits problems and study
 Compute the maximum cases  Group work
liability  Problem solving
 Identify the requirements  Demonstration
for claims  Brainstorming
exercise
 Focus group
discussion
 Assignment
 Use of slides and
handouts
Secrecy of Bank At the end of this lesson, the
Deposits (2 hours) learner will  Lectures Submission of  Quiz
be able to:  Illustrative case digest  Recitation
 Explain the purpose problems and  Case study
 Illustrate the Prohibited cases  Group
acts  Problem solving work
 Discuss the types of  Demonstration
deposits covered  Brainstorming
 Apply the exceptions exercise
 Explain garnishment of  Focus group
deposits including foreign discussion
deposits  Assignment
 Use of slides and
handouts

Truth in Lending Act At the end of this lesson, the

(2 hours) learner will  Lectures Submission of  Quiz
be able to:  Illustrative case digest  Recitation
 Describe the purpose problems and  Case study
 Illustrate the obligation of cases  Group
creditors to persons to  Problem solving work
whom credit is extended  Demonstration
 Compare covered and  Brainstorming
excluded transactions exercise
 Describe the  Focus group
 consequences of non- discussion
compliance with obligation  Assignment
 Use of slides and
handouts

AMLA Law (6 hours) At the end of this lesson, the

learner will  Lectures Submission of  Quiz
be able to:  Illustrative case digest  Recitation
 Discuss the purpose, problems and  Case study
policies, and principles cases  Group
 Discuss the definition of  Problem solving work
terms  Demonstration
 Determine who are  Brainstorming
covered persons exercise
 Describe money  Focus group
laundering, terrorism and discussion
financing and asset  Assignment
forfeiture  Use of slides and
 Apply and illustrate handouts
preventive measures and
obligations of covered
persons

a) Prohibited accounts
b) Customer due diligence

 Explain and apply

beneficial ownership
 Identify the record keeping
requirements
 Discuss safe harbor

3rd week MIDTERM EXAMINATION

Intellectual Property At the end of this lesson, the

Law (except learner will Submission of
provisions under Part be able to:  Lectures case digest  Quiz
1) (2 hours)  Discuss patents  Illustrative  Recitation
 Discuss trademarks, problems and  Case study
service marks and cases  Group
tradenames  Problem solving work
 Discuss copyright  Demonstration
 Brainstorming
exercise
 Focus group
discussion
 Assignment
 Use of slides and
handouts

Data Privacy Act (2 At the end of this lesson, the  Lectures Submission of  Quiz
hours) learner will  Illustrative case digest  Recitation
be able to: problems and  Case study
cases  Group
 Discuss definitions  Problem solving work
 Discuss the scope of  Demonstration
application  Brainstorming
 Describe the data privacy exercise
principles  Focus group
 Illustrate proper discussion
processing of data  Assignment
 Identify the security Use of slides and
measures for protection of handouts
personal data
 Determine the rights of
data subject
 Apply data breach
notification
 Discuss outsourcing and
subcontracting
agreements
 Determine registration and
 compliance requirements

Electronic Commerce At the end of this lesson, the

Data (3 hours) learner will  Lectures Submission of  Quiz
be able to:  Illustrative case digest  Recitation
problems and  Case study
 Describe the application cases  Group
 Discuss the definition of  Problem solving work
terms  Demonstration
 Apply the legal recognition  Brainstorming
and communication of exercise
electronic data messages  Focus group
and electronic documents discussion
 Discuss the electronic  Assignment
commerce in carriage of Use of slides and
goods handouts
 Explain the electronic
transactions in the
government

Ease of Doing At the end of this lesson, the  Lectures Submission of  Quiz
Business and Efficient learner will be able to:  Illustrative case digest  Recitation
Delivery of problems and  Case study
Government Service  Explain the policy, cases  Group
Delivery Act (2 hours) construction and  Problem solving work
interpretation  Demonstration
 Discuss the definition of  Brainstorming
terms exercise
 Discuss the coverage and  Focus group
scope discussion
 Explain reengineering of  Assignment
systems and procedures  Use of slides and
 Elaborate citizen’s charter handouts
 Illustrate accessing
 government services
 Describe the streamlined
procedures for the
issuances of permits and
licenses
 Identify the violations,
jurisdiction, penalties and
immunity

Labor Sgandards Law At the end of this lesson, the  Lectures Submission of  Quiz
(2 hours) learner will be able to:  Illustrative case digest  Recitation
problems and  Case
 Basic Pay cases study
 Overtime Premium  Problem solving  Group
 Night shift differential  Demonstration work
 Holiday Premium  Brainstorming
 13th month pay exercise
 Leaves  Focus group
 Service incentive leave discussion
 Maternity leave  Assignment
 Paternity leave  Use of slides and
 Parental leave for solo handouts
parent

Social Security Law (2 At the end of this lesson, the

hours) learner will be able to:  Lectures Submission of  Quiz
 Illustrative case digest  Recitation
 Discuss the definition of problems and  Case
terms cases study
 Explain the scope and  Problem solving  Group
coverage  Demonstration work
 Illustrate  Brainstorming
pension,retirement and exercise
other benefits  Focus group
 Discuss the exemption discussion
from tax, legal process  Assignment
and lien
Use of slides and handouts
  Compute employee’s and
employer’s contributions
 Compute contributions
from self-employed
member
 Determine the remittance
of contributions
 Describe the method of
collection and payment
 Identify the employment
records and reports
 Describe the penal
clauses

OTHER SPECIAL Overview of the following

TOPICS pertinent laws:
1. Central Bank Act
2. Insurance Law

Final Examination
FINAL
6th week EXAMINATION
Submission of
Reflective
Essay

54 hours required*

REQUIRED TEXTBOOK:
Regulatory Framework and Legal Issues in Business Part 1 - Atty. Andrix Domingo (2019 Edition)
Regulatory Framework and Legal Issues in Business Part 2 - Atty. Andrix Domingo (First Edition)

SUGGESTED READINGS AND REFERENCES:

(for Law professors)

CLASSROOM POLICIES:

It is the responsibility of the learner to come to each class prepared. He/she is also expected to take all examinations on the scheduled date.
He/she should read the assigned problems prior to class discussion. He/she is expected to attend each class and participate actively in the
discussions.

FEU ACADEMIC DISHONESTY:

All Research, Accounting, Auditing, Law and Taxation students are expected to be academically honest. Cheating, lying, and other forms of
immoral and unethical behavior will not be tolerated. Any student found guilty of cheating in examinations or plagiarizing in submitted course
requirements will (at a minimum) receive a Failing Grade in the course/subject. Cheating and Plagiarism refer to the use of unauthorized books,
notes, securing help in a test, copying test, assignments, reports or term papers, collaborating without authority with another student during an
examination or in preparing academic work, signing another student’s name on an attendance sheet, representing the work of another person as
one’s own; and other activities manifesting the practice of scholastic dishonesty.

POLICY ON ABSENCES:

The students are allowed only 20% of the total number of hours in a semester for absences. Hence, the allowed number of absences for a student
enrolled in a 3-unit subject or 6-unit subject is a maximum of six (6) absences during regular semester. Request for excused absences or waiver of
absences must be presented prior to occurrence of absence or immediately upon reporting back to class, whichever is applicable. Special
examinations will be given only in special cases, such as prolonged illness. It is the responsibility of the student to monitor his/her own tardy
incidents and absences that might accumulate leading to the grade of 5.00 or F. It is also his/her responsibility to consult with the concerned
faculty Member, Assistant Program Head, Program Head, Dean should his/her case be of special nature.

Note: Always refer to the Student Handbook for academic policies. POLICY ON NON-SOLICITATION OF FUNDS

All official fees of the University are collected through the Cash Department. Students should not pay any additional fees such as those for tickets,
entrance fees, transportation fees, hand-outs, readings, quizzes or tests to any faculty or staff member of the University.

POLICY ON STUDENT DATA PRIVACY ACT:

In compliance with the Act and for ensuring highest level of data security and confidentiality in the access of student’s personal data/information,
student should not be allowed by the faculty to check other students’ test papers. Faculty concerned should not announce the
individual grades of the students before the class, disclose student information, student records and other “student-generated content”
in any media, and any other similar acts that will jeopardize the interest of an identified individual student.

COURSE REQUIREMENTS:

Assignments, Quizzes, Practice Set, Major Exams GRADING SYSTEM Computation of Periodic Grades
GRADING SYSTEM:

Computation of Periodic Grades

I. Computation of 1st Preliminary Grade: Midterm Grade (MG)

Formative Assessment (FA)

Class Participation (Homework, Practice Tests, Recitation, Pre-test) 20%
Quizzes 30%
Summative Assessment (SA) - Major Departmental Exam 50%
1st PRELIMINARY GRADE 100%

II. Computation of 2nd Preliminary Grade

Formative Assessment (FA)

Class Participation (Homework, Practice Tests, Recitation, Pre-test) 20%
Quizzes 30%
Summative Assessment (SA) - Major Departmental Exam 50%
2nd PRELIMINARY GRADE 100%

III. FINAL GRADE = 1st PG (50%) + 2nd PG (50%)

FINAL GRADE LETTER GRADE QUALITY POINT RANGE

92-100 A 4.0 3.80 – 4.0
85-91 B+ 3.5 3.30 – 3.79
78-84 B 3.0 2.80 – 3.29
71-77 C+ 2.5 2.30 – 2.79
64-70 C 2.0 1.80 – 2.29
57-63 D+ 1.5 1.30 – 1.79
50-56 D 1.0 1.0 – 1.29
F .99 and lower

IV. ACADEMIC HONORS

• SEMESTRAL HONORS (DEAN’S LIST)

The Deans’ lister must have a semestral QPA of between 3.35 and 3.50 for second honors and between 3.51 – 4.00for
first honors. To qualify for the Dean’s List, a student must have no failing grades including NSTP and WRP and no
disciplinary case during the particular semester.
 • LATIN HONORS
To qualify for Latin Honors, a student must have no major disciplinary case and no failing marks. Failures in NSTP and
WRP will also disqualify the student from the Latin Honor award.

QPA
Summa Cum Laude With the highest honors 3.80 – 4.00
Magna Cum Laude With high honors 3.60 – 3.79
Cum Laude With honors 3.40 – 3.59

V. REQUIRED ANNUAL QUALITY POINT AVERAGE (QPA REQUIREMENT)

FOR PROMOTION TO UNIVERSITY BSA BSIA

2nd year 1.2 1.2 1.2
3rd year 1.5 1.6 1.5
4th year 1.8 2.0 1.8
To graduate 2.0 2.4 2.0

VI. CONSULTATION HOURS

DAY/s TIME ROOM

Faculty Consultation Room

DATE OF EFFECTIVITY: June, 2021

Prepared by: Approved by:

Mark Lestr T. Balasa EARL JOSEPH BORGOÑA

APH – Accountancy OIC Dean - IABF