CENTRO ESCOLAR UNIVERSITY

Manila*Makati*Malolos

SYLLABUS ON PCAC104 - BUSINESS LAWS AND REGULATIONS

Course Number : PCAC 104 Course Descriptive Title : Business Laws and Regulations
No of Units : 3 No of Hours per Week : 3
Pre-requisites : None
CEU VISION – MISSION STATEMENT CENTRO ESCOLAR EXPECTED
SCHOOL OF ACCOUNTANCY AND MANAGEMENT
UNIVERSITY PHILOSPHY GRADUATE ATTRIBUTES (CEEGA)
LIFELONG LEARNER
Ciencia y Virtud ( Science and Virtue) •Learns and works independently as well as collaboratively.
•Translates knowledge generated from research and other sources to MISSION STATEMENT:
UNIVERSITY VISION improve quality of life.
•Creates new ideas to better understand society
To be the University of First choice The School of Accountancy and Management is dedicated to a
•Evaluates own thinking, behavior and spirituality for self-growth
REFLECTIVE AND CREATIVE THINKER tradition of commitment towards the formation of competent,
UNIVERSITY MISSION socially –responsible, spiritually- integrated, and globally
•Thinks critically and creatively.
competitive accountants and business professionals.
To promote a brighter future for our students, for the •Open-minded.
Philippines and for the world. •Solves problems systematically.
•Loves art and shows artistic sensibility.
CEU CORE VALUES CARING AND TRUSTWORTHY CITIZEN
•Values people and acts in unity with others. VISION:
V - Valuing others, caring for them and empowering them •Commits to social justice and principles of sustainability and respect
A - Accountability, integrity and trust worthiness for diversity.
L - Lifelong learning as individuals and as an organization Total Quality Education for Global Accountants and Business
•Practices good stewardship and accountability.
U - Unity, teamwork and loyalty Professionals
•Manifests social responsibility by helping improve conditions of
E - Excellence in all endeavors those who have less in life or circumstance.
S - Social responsibility as citizens of the Filipino nation and PROFICIENT COMMUNICATOR
of the world
•Articulates ideas clearly for varied purposes and audiences of
diverse culture.
•Listens attentively, engages in meaningful exchange and shares
knowledge, values, attitudes and intentions.
•Utilizes effectively appropriate media and information technologies.
COMPETENT AND PRODUCTIVE PROFESSIONAL
•Initiates, innovates better ways of doing things and accountability.
•Promotes quality and productivity.
 BSA PROGRAM OUTCOMES:

The graduates of Bachelor of Science in Accountancy should be able to:

 resolve business issues and problems, with a global and strategic perspective using knowledge and technical proficiency in areas of
financial accounting and reporting, cost accounting and management accounting and control, taxation and accounting information systems;

 conduct accountancy research through independent studies of relevant literature and appropriate use of accounting theory and
methodologies;

 employ technology as a business tool in capturing financial and non-financial information, generating reports and making decisions;

 apply knowledge and skills to successfully respond to various types of assessments (including professional licensure and examinations); and

 confidently maintain a commitment to good corporate citizenship, social responsibility and ethical practice in performing functions as an
accountant.

Course Intended Learning Outcomes:

1. Cognitive Objective
 Understand the legal requirements in the establishment and organization of partnerships and Corporations
 Distinguish partnership and corporation
 Describe the advantages and disadvantages of partnership and corporation

2. Affective Objectives
 Appreciate the value of entrepreneurship
 Understand the responsibilities of a business professional

3. Psychomotor Objectives:
 Apply the legal knowledge in starting his own business or continuing their family-owned business in the future
 Respond to the changing needs of society
 Teaching Learning Time
Intended Learning Outcomes Content Resources Assessment
Activities Allotment
1. To recognize the relations created 1. Obligations of the Partners Multi-media based 4 Hrs. Technology Quizzes
by contract of partnership. teaching techniques
2. To identify the various obligation of Performance based
Interactive Seatwork and assessments thru:
the partners, particularly to the:
board work
partnership, co-partners and to third Graded Recitation on
persons. Individual or
3. To apply the rules on management Group discussion on Research
of a partnership. Assignments or Case Study
4. To determine the obligation of the
partnership to the partners
5. To know the property rights of a
partner
6. To explain the rules in the
distribution of profits, losses and
liabilities in a partnership among
the partners
1. To identify the voluntary and Multi-media based 4 Hrs. Technology Quizzes
involuntary causes of dissolution 2. Dissolution and Winding teaching techniques
2. To determine the different grounds Up Performance based
Interactive Seatwork and assessments thru:
for dissolution
board work
3. To know the effects of various Graded Recitation on
models of dissolution. Individual or
4. To comprehend the manner of Group discussion on Research
winding up/liquidation Assignments or Case Study
5. To determine assets distribution in
case the partnership is dissolved
 Multi-media based 5 Hrs. Technology Quizzes
1. To understand the concept and 3. Limited Partnership teaching techniques
characteristic of limited partnership Performance based
2. To identify the registration Interactive Seatwork and assessments thru:
requirements for its formation board work
3. To determine the rights and Graded Recitation on
liabilities of a limited partner Individual or
4. To know the effect of death, Group discussion on Research
insolvency, and insanity of a Assignments or Case Study
partner upon the limited
partnership.
5. To be familiar with ways to effect
amendment of Articles and
cancellation of Certificate
6. To know how a limited partnership
is dissolved and liquidated
1. To identify the attributes of Part 2: Multi-media based 4 Hrs. Technology Quizzes
corporation teaching techniques
2. To distinguish and differentiate I. Contracts General Performance based
Provision Interactive Seatwork and assessments thru:
partnership and corporation
on Corporation board work
3. To describe the nature and classes Graded Recitation on
of corporation Individual or
4. To identify the shares which Group discussion on Research
corporation may issue and the Assignments or Case Study
different classification of stocks
5. To know the various concepts
involving capital stock and book
6. To determine the sources of capital
and financing of the corporation.
7. To understand the different types of
debentures and loan capitalization.
8. To determine the requirements
and procedure of incorporation
1. To explain the contents of Articles Multi-media based 4 Hrs. Technology Quizzes
of Incorporation. II. Incorporation teaching techniques
2. To explain the requirements for Organization Performance based
Interactive Seatwork and assessments thru:
incorporation.
board work
3. To determine the role of Securities Graded Recitation on
and Exchange Commission in the Individual or
commencement of corporate Group discussion on Research
existence. Assignments or Case Study
4. To identify the requirements for
formal organization of a
corporation.
To determine those acts of the
corporation which constitute
commencement of business
5. To determine those acts of the
corporation which constitute
commencement of business.

1. To explain the qualification, III. Board of Directors/ Multi-media based 4 Hrs. Technology Quizzes
election, removal, and Trustees Corporate teaching techniques
compensation of the member of the Officers Performance based
Interactive Seatwork and assessments thru:
Board of Directors/Trustees.
board work
2. To explain the powers, fiduciary Graded Recitation on
duties and contractual capacity of Individual or
the directors and trustees. Group discussion on Research
3. To determine the liabilities of the Assignments or Case Study
directors/trustees and officers
4. To know the title, qualification,
Election, removal and
compensation of the corporate
officers (with emphasis on the
corporate secretary).
5. To understand the appointment,
removal/resignation, duties and
responsibilities of external auditor
6. To define the concept of executive
committee
 Multi-media based 10 Hrs. Technology Quizzes
1. To explain and identify the express, IV. Powers of the Corporation teaching techniques
implied and incidental powers of Performance based
the corporation Interactive Seatwork and assessments thru:
board work
2. To determine the contractual
Graded Recitation on
capacity of the corporation Individual or
3. To distinguish ultra viires and intra Group discussion on Research
vines acts of the corporation Assignments or Case Study
4. To define the concepts of dividends
and classify them

Multi-media based 4 Hrs. Technology Quizzes

1. To define the powers, rights, V. Stockholders teaching techniques
duties, and Stocks/Shares Performance based
2. To identify the remedies available Interactive Seatwork and assessments thru:
board work
to a stockholder.
Graded Recitation on
Individual or
3. To explain the concept of Group discussion on Research
subscription contract and Assignments or Case Study
certificate of stock.
4. To understand and effect of
watered stocks and deliquent
shares.
5. To comprehend the effect of
majority and minority control of the
stockholders.

Multi-media based 4 Hrs. Technology Quizzes

1. To understand and explain the VI. By-laws Corporate Books teaching techniques
concept and contents of by-laws. Corporate Records Performance based
2. To determine the time, place and Interactive Seatwork and assessments thru:
board work
call of meetings of stockholders
Graded Recitation on
and directors/trustees. Individual or
3. To define the various books and Group discussion on Research
records required to be kept and Assignments or Case Study
maintained by the corporation,
particularly the stock and transfer
 book.

Multi-media based 4 Hrs. Technology Quizzes

1. To distinguish stock from non – VIII. Non - stock teaching techniques
stock corporation. Corporation Special Performance based
2. To determine and understand the Corporation Close Interactive Seatwork and assessments thru:
board work
laws that governs association and Corporation Foreign
Graded Recitation on
clubs, and the rights and duties of Corporation Individual or
members. Group discussion on Research
3. To identify the different kinds of Assignments or Case Study
special corporation.
4. To determine the requirements in
the establishment, registration,
organization, revocation and
withdrawal of foreign corporation
5. To determine the rights and
liabilities of foreign corporation
doing business in the Philippines
whether licensed or not.

Course requirements:

Required Textbook:

References:

The Law Partnership and Private Corporations, Hector S. De Leon, 2016 edition.
Comments and Cases on Partnership, Agency, and Trucks, Hector S. De Leon and Hector M. De Leon, Jr., 2014
Comments and Cases on Jurisprudence on the Commercial Laws of the Philippines, Aguedo F. Agbayani

WEBSITES:
www.supremecourt.com
www.lawphil.net
Prepared by: Reviewed by: Approved by: Date:

April 25, 2019

ATTY. PRECIOUS SWELAN C. SANTIAGO PROF. ROY RAIAN A. JOSO, CPA, MSA DR. ROSEMARIE I. SO, MBA, Ph.D BM
Head, Accountancy Program Dean