HISTORY

The DMC College Foundation, Inc. Commerce Department was created in the year 2000 through the earnest effort of the College Administrators for the purpose of continued service to the community and was recognized by the Commission on Higher Education for meeting the standard requirements. The Commerce Department was started during the School Year 2001 - 2002 where there were three (3) students officially enrolled in the Bachelor of Science in Commerce (BSC). During the second year, the enrollment increased to six (6) students. By the year 2005, there were already 15 students enrolled in the course. In the same year, the Commerce Department opened the Bachelor of Science in Business Administration (BSBA) course as an upgrade of BSC. Furthermore, the department evolved its name into School of Business Management Education (SBME) and expanded its programs adding the Bachelor of Science in Accountancy which started in school year 2009-2010. By the year 2011, SBME finally change its name to School of Business and Accountancy (SBA) to acknowledge the distinctiveness of BS Accountancy program. In 2012, the Bachelor of Science in Accounting Technology was offered as an additional program of SBA. Starting School Year 2018 – 2019, the BS Accounting Technology program is renamed to Bachelor of Science in Accounting Information System in compliance with the new CHED Memorandum order issued in 2017. SBA has grown into a strong and important constituent of DMCCFI and has produced well rounded business professionals and Certified Public Accountants.

INTRODUCTION

The School of Business and Accountancy offers three (3) programs namely: Bachelor of Science in Accountancy (BSA), Bachelor of Science in Accounting Information System (BSAIS) and Bachelor of Science in Business Administration major in Marketing Management.

The main objective of the DMCCFI School of Business and Accountancy is to instill upon the minds of the students the importance of economic preparedness of each student as a member of the society. The programs offered aim to produce graduates who are excellently equipped to enter the realm of economics and industry.

VISION, MISSION AND OBJECTIVES

VISION:           

Guided by the institution’s vision, the School of Business & Accountancy aims to be recognized as one of the leading business schools that shall provide the students with educational experiences that equip them with relevant and current business knowledge in becoming well-rounded business professionals & Certified Public Accountants in the future.

MISSION:        

The Bachelor of Science in Business Administration and Bachelor of Science in Accountancy courses aim to produce graduates, who are computer literate, ethical, globally aware, analytical, critical thinkers, and effective communicators both oral and written, thereby prepare them to adapt to the ever-changing demands of the real business world.

OBJECTIVES: 

The DMC College Foundation, Inc. – School of Business & Accountancy has the following objectives:

  1. 1.To mold all students to become computer literate, socially responsible, globally aware, analytical, and reasonable decision-making individuals who are competent in interpersonal, oral and written communication skills.
  2. 2.To produce graduates who are well-versed in the fundamental economic and business principles, as well as the practical application of those principles in the simulated business setting.
  3. 3.To design our educational programs in ways that prepares students for leadership roles in the dynamic, domestic and global environment or organizations.
  4. 4.To deliver business professionals who will be perceived not just business managers but leaders of the society.
  5. 5.To constantly update the curricula of the different programs to prepare students to adapt to the rapidly changing technology and to recognize diversity in the workplace.
  6. 6.To ensure that faculty members are responsible, committed and qualified in their respective fields or profession.
  7. 7.latest trends, standards, and developments in their chosen field of expertise.
  8. 8.To emphasize social responsibility as one of the business cores in nurturing well-rounded business professionals of the future.

EXPECTED DMCIAN ATTRIBUTES (EDA)

God-loving

Competent

Committed to Serve

PROGRAMS

BS in Accountancy

Bachelor of Science in Accountancy (BSA) prepares students for entry into a variety of fields in accountancy, including corporate accounting, accounting information systems, and governmental accounting, as well as entry into graduate programs such as law. It also equips students with basic and advanced accounting concepts, principles and procedures. In addition to doing accounting functions for business enterprises, the students are prepared for public accounting after passing the CPA licensure examination.

Accounting is an information system for measuring, analyzing, and communicating information useful in making economic decisions. A program in accounting provides students with the skills and concepts necessary to provide this information to those with direct and indirect financial and managerial interest in economic activities. 

BS in Business Administration major in Marketing Management

Bachelor of Science in Business Administration major in Marketing is a degree program for students who intend to pursue a professional career in the marketing discipline. The program equips students with knowledge and skills in running and managing marketing outfits. They will be exposed to basic and advanced theories, principles and practices related to the product, price, place, and promotion, both local and international.

Career Options:
Managers in a business, government or non-government organization 
Careers in marketing

ADMISSION AND RETENTION POLICY

FOR BS MANAGEMENT ACCOUNTING

I. ADMISSION REQUIREMENTS

A. INCOMING FRESHMEN

1. General average of at least 84%.
2. Passing score in the College entrance examination.
3. Form 138
4. Certificate of Good Moral Character
5. NCSO Authenticated Birth Certificate
6. Two (2) 2 x 2 pictures

B. TRANSFEREES

1. All transferees from other schools and universities are admitted on probation. Accounting courses taken from other schools will be considered only if the following grades have been obtained by the students.

Accounting 1 and Accounting 2 & 3 – 2.25 (84%) or better
Accounting 4 and higher Accounting courses - 2.25 (84%) or higher.

2. Those with grades lower than stated above will be required to re-enroll the accounting courses involved.
3. Only professional courses in English and Mathematics taken from other schools, with ratings of 2.25 (84%) or better will be credited.
4. Only non-professional courses included in the curriculum taken from other schools with grades of 3.0 (75%-76%) or better will be credited.
5. For students taking up any program under the Business and Management Education of DMC College Foundation who would like to shift to BS Management Accounting, an average grade of 2.25 (84%) from Accounting 1 and Accounting 2 & 3 is required provided he/she has no grade lower than 2.25 (84%) in both accounting courses. Students who incurred a grade lower than the cut-off grade requirements may be allowed to re-enroll the course.
6. Only students entering in their third or lower years may be admitted to the program provided they have complied with the provisions of B1.
7. Transferees should present certificates of good moral character from the school they last attended.

II. RETENTION

1. A student must obtain an average grade of at least 2.25(84%) in Accounting 1 and Accounting 2 & 3 provided he/she has no grade lower than 2.25 (83%). A student who falls short of the cut-off grade may be allowed to re enroll the course.
2. The minimum grade requirement for all higher Accounting courses and other Business professional courses is 2.5 (80%-82%). A failing grade in any of these accounting courses will disqualify the student from continuing the BS Management Accounting program.
3.Two failures in any non-accounting courses will disqualify the students from continuing BSMA program.

FOR BSBA AND BSE

I. ADMISSION REQUIREMENTS

A. INCOMING FRESHMEN

1. General average of at least 82%.
2. A passing score in the College entrance examination.
3. Form 138
4. Certificate of Good Moral Character
5. NCSO Authenticated Birth Certificate
6. Two (2) 2 x 2 pictures

B. TRANSFEREES

1. All transferees from other schools and universities are admitted on probation. A student must have a grade of at least 2.5 (82%) in all major courses and other business professional courses. He/she must have no failing grade in any course from his/her previous school. In addition, his/her grade point average in his previous institution must be at least 2.5 (82%) per semester.
2. All transferees must take and pass the College Entrance Examination.
3.Transferees should present Honorable Dismissal from the school last attended.

C. RETENTION

1.To continue in the program, a student must have earned credits in at least 70% of the total units enrolled in.
2. A student who fails to meet Requirement B1 may request for readmission in writing. His/her case will be studied by the Committee on Admission and Retention. Upon the recommendation of this Committee, and after having been given academic counseling, such a student may be readmitted and placed on probation. His load will be reduced by 3 units for every 6 units failure/dropped/left or lapsed (for incomplete).
3. A student on probation who fails to meet the retention requirements shall be dropped from the program.
4. A maximum of eight failures will disqualify the student from continuing in the Business Administration program.

D. READMISSION

1. A student who was dropped from the program maybe readmitted provided he/she meets requirements B1.

FOR BSA

I. ADMISSION REQUIREMENTS

A. INCOMING FRESHMEN

1. General average of at least 85%.
2. A passing score in the College entrance examination.
3. Form 138
4. Certificate of Good Moral Character
5. NCSO Authenticated Birth Certificate
6. Two (2) 2 x 2 pictures

B. TRANSFEREES

1. All transferees from other schools and universities are admitted on probation. A student must have a grade of at least 2.0 (85%) in all major courses and other business professional courses. He must not have a failing grade in any course from his/her previous school. His/her grade point average in his previous institution must be at least 2.0 (85%) per semester.
2. However, the student must first pass a qualifying examination before credit will be given to a course. He needs to garner a grade of at least 75% in the qualifying examination based on the accounting courses taken.
3. Those with grades lower than the above mentioned, and also those who fail in the qualifying examination will be required to re-enroll the accounting courses involved.
4. Only students entering in their third or lower years maybe admitted to the program provided they have complied with the provisions of B1.
5. Transferees must take and pass the College Entrance Examination.
6. Transferees must present Honorable Dismissal from the school last attended.

C. BSA as a Second Course

1. Graduates of any program, except BSC or BSC Management Accounting, are exempt from the admission requirements for the incoming freshmen (1 – 4) but they are covered by the BSA retention policies.
2. BSC and BSC Management Accounting graduates shall retake all Accounting courses except Accy 1 and Accy 2 & 3 provided a general average of 2.0 (87%) or higher is obtained.

D. SHIFTEES

1. A student from other programs within the institution or from other colleges / universities taking up programs not related to Business and Management Education who wishes to shift to the BS in Accountancy Program should have:

a. Passed the interview and evaluation by the Chair
b. Must have no failing grade in any course from his/her previous institution. He must have a grade point average of at least 2.5 (80%) per semester in his previous institution.
c. Obtained a passing score in the College Entrance Examination.

2. Students from within the institution or from other colleges/universities taking up any program under the Business and Management Education who wish to transfer to the BS in Accountancy Program should have:

a. Passed the interview and evaluation by the Chair based on the following requirements:
b. An actual final grade of at least 2.0 (85%) in all accounting courses taken.
c. No failing grade in any course from his/her current program.
d. An actual grade point average of at least (2.5) 82% per semester
e. A grade of at least 75% in the qualifying examination based on the accounting courses.
f. Taken and passed the College Entrance Examination. 

II. RETENTION

1. A student who obtains a grade of 5.0 (70%) or failed in any Accounting, Taxation and Business Law course shall no longer be admitted in the Accountancy Program.
2. A student who fails in 3 other units credit accumulated during his/her stay in the Department, shall not likewise, be admitted in the Department.
3. Two grades of dropped or withdrawn in any courses aside for Accounting, Taxation and Business Law shall be counted as one failing grade.
4. For incoming Second Year, a student shall, at least obtain an average of 2.0 (87%) in Accounting 1 and Accounting 2 & 3 with no grade below 2.0 (85%) in these two courses. The average grade of 2.0 is a requirement to enable the student to sit down for a qualifying examination. Passing the qualifying examinations is a requirement for enrollment in Accounting 4.

A student who fails in the qualifying examination is allowed to take the removal examination. If he fails in the removal examination, he must reenroll Accounting 2 & 3 and take another qualifying examination to remain in the Accountancy program. Failure to pass this qualifying examination means re-enrollment in Accounting 2 & 3. Removal examination is given only once.

5. For admission into the Third Year, a student shall at least garner a general average of 2.0 (87%) in Accounting 4, Accounting 4A with no grade below 2.0 (85%) in any of these courses. A grade of at least 2.0 (85%) in both courses is a requirement for taking the next qualifying examination. A student who incurs a grade lower than the regular cut-off grade requirement of 2.0 may be allowed re-enrolling the course.

A student who fails in the qualifying examination is allowed to take the removal examination. If he fails, he may repeat the last accounting course prior to the qualifying examination in summer or in the semester it is being offered. After obtaining the grade requirement, the student is allowed to take the qualifying examination again. Passing the qualifying exam is a requirement for enrolment in higher accounting courses.

6. For incoming Fourth Year, a student shall, at least, obtain a grade of 2.0 (85%) in Accounting 4B, Accounting 5A, Accounting 6A and Accounting 7.
7. Students who cannot meet the retention requirements Nos. 4 to 6 may transfer to any BME Programs.

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