Professional Documents
Culture Documents
Strategy - 2020 Study Plan PDF
Strategy - 2020 Study Plan PDF
Partnership Accounting 25
Formation 6
Operations 6
Dissolution and changes in
ownership 6
Liquidation 7
Instalment sales 6
Franchise accounting 4
Determination of revenue, costs
and gross profit 2
FS presentation 2
Construction accounting 8
Determination of revenue, costs
and profit 3
Gross amount due from/to
customers 3
FS presentation 2
2
Business Combination 16
Separate FS 16
Investment in subsidiary 8
FS presentation 8
Consolidated FS 16
Date of Acquisition
Subsequent to Acquisition
Intercompany Profit Transactions
- Inventories
Intercompany Profit Transactions
- Plant Assets
Intercompany Profit Transactions
- Bonds
Changes in Ownership Interests
Indirect and Mutual Holdings
Subsidiary Preferred Stock,
Consolidated EPS and
Taxation
3
Government Accounting 8
Concepts in government
accounting 2
Budget process 2
Journal entries 4
Corporate Liquidation 4
Statement of affairs 1
Statement of deficiency 1
Statement of realization and
liquidation 1
Order of priority of claims 1
4
Insurance Contracts 2
Build, Operate and Transfer 2
COST ACCOUNTING
Financial Statements 14
Statement of Financial Position 4
Statement of Comprehensive
Income 4
Discontinued operations 4
Statement of Cash Flows 2
Financial Assets 8
Cash and cash equivalents 4
Loans and receivables 4
Investments 16
Investments in debt instruments 8
Investment in associates 8
Investment In Equity Securities
Non financial assets 50
Inventories 8
Property, Plant and Equipment 8
Investment Property 6
Intangible Assets 8
Biological Assets 8
Noncurrent assets held for sale 6
Impairment of Assets 4
Mineral Resources 2
7
Equity 20
Shareholders’ equity 4
Share capital 4
Dividends and retained earnings 4
Other comprehensive income 4
Book value and earnings per share 4
Other topics 28
Share Options 4
Related party 1
Borrowing costs 4
Government grants 4
Leases 4
Income tax 2
Employee benefits 2
Segment Reporting 4
Interim Financial Reporting 1
SME & micro reporting 2
8
AUDITING
Audit Planning 6
Essential planning requirements 1
Knowledge of the business 1
Preliminary analytical procedures 1
Materiality 1
Assessing and managing audit risks 1
Audit plan and program 1
Risk Assessment 10
Risk assessment procedures 2
Discussion among team 2
Significant risks that require special
audit consideration 2
Risks for which substantive
procedures alone do not provide
sufficient appropriate audit evidence 2
Revision of risk assessment 2
Fraud accounting 2
Audit Evidence 8
Nature and significance 2
Evidential matters 2
Audit procedures and techniques 2
Audit working papers 2
11
Audit Reporting 12
Unqualified report and basic
elements 4
Modified auditor’s report (matters
that do (not) affect auditor’s opinion 4
Report on comparatives 4
Computerized Auditing 10
Internal control in a CIS
environment (general controls,
application controls, stand alone,
online, database system) 6
Computer assisted audit techniques 4
12
Forensic Accounting
TOTAL HOURS 100
13
AUDITING PROBLEM
Obligations 20
Sources 4
Kinds of obligations 4
Specific circumstances 4
Duties of obligor 4
Extinguishment of obligations 4
Contracts 27
Classification 3
Elements and stages 3
Freedom from contract vs.
limitation 3
Persons bound 3
Consent and its requisites 3
Object and cause of contracts 3
Formalities of contract 3
Reformation and interpretation of
contracts 3
Defective contracts 3
17
Negotiable instruments 12
Negotiability of instruments 2
Abnormal negotiable instruments 2
Incomplete but undelivered
instruments 2
Incomplete but delivered
instruments 2
Complete but undelivered
instruments 2
Instruments with forged signatures 2
Corporation 34
Nature and classes of corporation 2
Incorporation and organization of
private corporation 2
Powers of a corporation 2
Board of Directors and Corporate
Officers 2
Classes of stock 2
Powers, duties, rights and
obligations of stockholders 2
Majority and minority control 2
By laws 2
Meetings 2
18
Partnership 10
Distinguish from corporation 1
Elements and kinds 1
Formalities required 1
Rules of management 1
Distribution of profits and losses 3
Sharing of losses and liabilities 1
Modes and retirement requirements 1
Limited partnership 1
TAXATION
Tax remedies 12
Remedies of the government 3
Scope and prescriptive period 3
Administrative remedies 2
Judicial actions 2
Additions to tax (surcharge, interest,
compromise penalty) 2
Income Tax 64
Taxpayer and Tax Base 8
Gross Income 8
Deductions from Gross Income 8
Accounting Periods 8
Accounting Methods 8
Tax Return Preparation and Filing
of Tax Payments 8
Withholding taxes 8
Compliance Requirements 8
Transfer taxes 48
Estate Tax 24
Donor’s Tax 24
21
Other taxes 22
Percentage tax 2
Excise tax 2
Documentary stamp tax 2
Local government taxation 2
Senior Citizens Law 2
Magna Carta for Disabled Persons 2
Special Economic Zone Act 2
Omnibus Investment Code 2
Barangay Micro Business
Enterprises 2
Double Taxation Agreement 2
Tariff and Customs Code 2
Responsibility Accounting 8
Types of responsibility centers
(cost, revenue, profit and investment
centers) 1
Decentralization and segment
reporting 1
Controllable and non-controllable
costs, direct and common costs 1
Performance margin (manager vs
segment performance) 1
Segmented income statement 2
Return on investment, residual
income and economic value added 2
Transfer Pricing 8
Transfer pricing schemes (minimum
transfer price, market-based transfer
price, cost-based transfer price and
negotiated price) 8
Balance Scorecard 4
Nature and perspectives of balance
scorecard 2
Financial and non-financial
performance measures 2
24
Relevant Costing 14
Identification of relevant costs 2
Opportunity costs 4
Approaches in analyzing
alternatives in non-routing decisions
(total and differential) 4
Types of decision (make or buy,
accept or reject special order, continue
or drop/shutdown, sell or process
further, best product combination and
pricing decisions. 4
Capital Budgeting 38
Capital investment decision factors
(net investment for decision making,
cost of capital, cash and accrual net
returns) 2
Non-discounted capital budgeting
techniques (payback period,
accounting rate of return on original
and average investment, bail-out
payback and payback reciprocal) 8
Discounted capital budgeting
techniques (net present value, internal
rate of return, profitability index,
equivalent annual annuity, fisher rate
and NPB point of indifference. 8
Project screening, project ranking
and capital rationing (independent and
mutually exclusive capital
investments 8
26
MANAGEMENT
CONSULTANCY
Management Consultancy 3.5
Management functions and concepts .5
Distinction of management, cost and
financial accounting .5
27
ECONOMICS