Professional Documents
Culture Documents
TOS 2nd Yr Board Subjects 2S1920
TOS 2nd Yr Board Subjects 2S1920
Item
Topics Weight Placement
FINANCIAL AND NON-FINANCIAL LIABILITIES
Financial Liabilities 30.00%
Apply the principles for initial recognition, subsequent
measurement and derecognition of short-term and long-
Definition of liability 1
term financial liabilities:
Financial and non-financial liability 2
Trade and Non-trade Liabilities 3-5
Refinancing 6-7
Trade liabilities 8-11
Non-trade liabilities 12-16
Notes payable 17-20
Loans payable 21-23
Bonds payable 24-27
Describe the nature and three form of debt restructuring 28-30
Non-Financial Liabilities 10.00%
Formulate entries for premiums, warranties, and
31-35
loyalties.
Measure unearned revenues for gift certificates and
36-40
subscriptions
Provisions and Contingencies 10.00%
Definethe
Apply contingent liabilities,
recognition criteriacontingent assets,
for liabilities and the
and assess 41-42
provisions.
status of uncertainties relating to provisions, contingent
43-47
liabilities and
Apply measurement
contingent assets. principles for provisions. 48-50
Leases 20.00%
Apply accounting standards applicable to operating
leases and finance leases.
Identifying a lease 51-53
Accounting for operating lease 54-55
Accounting for finance lease by lessee 56-60
Accounting for finance lease by lessor 61-65
Accounting for sale and leasback agreement 66-70
Income Tax 15.00%
Distinguish accounting profit from taxable profit. 71-74
Permanent differences 75-76
Temporary differences 77-78
Measure and record income tax payable. 79-82
Measure and record deferred portion of income tax. 83-87
Employee Benefits 15.00%
Measure employee benefit cost under defined benefit
Measure and disclose resulting defined benefit liability 88-94
plan.
(asset). 95-100
100% 100
COMMENTS :
AU
UPANG
COC
UI
SWU
ATION
AND ACCOUNTANCY
ICATIONS
Item Type
Knowledge - Understandi Application - Analysis -
15% ng - 15% 50% 20%
1
1
1 1 1
1 1
1 1 2
1 1 2 1
1 2 1
1 2
1 2 1
2 1
1 3 1
1 3 1
1 1
1 3 1
3
1 1 1
1 1
1 1 2 1
1 1 2 1
1 1 2 1
1 2 1
2
2
3 1
3 2
1 1 3 2
1 1 3 1
15 15 50 20
15% 15% 50% 20%
PHINMA EDUCATION
COLLEGE OF MANAGEMENT AND ACCOUNTANCY
TABLE OF SPECIFICATIONS
PEN Code: ACC 109
Subject: Intermediate Accounting 4
Semester: 2nd semester
School Year: 2019-2020
COMMENTS :
AU
UPANG
COC
UI
SWU
Analysis -
20%
1
1
2
2
1
1
1
1
1
20
20%
PHINMA EDUCATION
COLLEGE OF MANAGEMENT AND ACCOUNTANCY
TABLE OF SPECIFICATIONS
PEN Code: BAM 031
Subject: Income Taxation
Semester: 2nd semester
School Year: 2019-2020
Item
Topics Weight Placement
Basic Principles in Taxation 10.00%
Definition of Taxation 1
The Lifeblood Doctrine & Other Doctrines in Taxation 2
Inherent Powers of the State 3
Scope of Taxation 4
Limitations on the Power of Taxation 5
Determine the situs/place of taxation 6
Explain double taxation 7
Escapes from Taxation 8
Taxes, Tax Laws and Tax Administration 7.50%
Sources of laws and administrative issuances 9
Tax System & Collection System 10
Principles of a Sound Tax System 11
Tax Administration 12
Describe the organization of the Bureau of Internal
13
Revenue, its powers
Classification and the
of taxpayers forpower of CIR
purposes of tax
14
administration
Introduction to Income Taxation 7.50%
The concept of income and gross income 15
Types of income taxpayers 16
Individual income taxpayers 17
Taxable estates and trusts and corporate taxpayers 18
General rules in income taxation 19
Situs of income 20
Tax Schemes, Periods, and Methods and Reporting 10.00%
Income taxation schemes 21
Accounting Period 22
Accounting Methods 23
Tax Reporting 24
Mode of filing income tax returns 25
Payment of taxes 26
Penalties related to filing and payment of taxes 27-28
Final Income Taxation 8.75%
Features of Final Income Taxation 29
The Final Withholding Tax System 30
Taxpayers subject to final income tax 31
Items of passive income subject to final tax 32-33
Final tax to individuals and corporations 34
Final withholding tax return 35
Capital Gains Taxation
Classification of taxpyer's properties and asset 8.75%
classification
Types rules
of gains on dealings in properties & Scope of 36
capital gains taxation 37
Capital Gains compliance
Transactional on the sale of
andstocks directly
annualize to buyer
capital gains 38-39
tax 40
Capitals Gains tax on the sale of real property 41-42
Regular Income Taxation 16.25%
The regular income tax and its characteristics 43
Determination of taxable income: Individual Income Tax
44-45
& Corporate Income Tax
Income Tax Returns 46
Exclusions in Gross Income 47
Inclusions in Gross Income 48
Compensation Income 49
Fringe Benefits Taxation 50
Dealings in Properties 51
Principles of Deductions 52
Regular Allowable Itemized Deductions 53
Special Allowable Itemized Deductions and Net
54
Operating Loss Carry-Over
Optional Standard Dedudction 55
Individual Income Taxation 12.50%
Pure compensation income earners 56
Pure business and or professional income earners 57-58
Mixed income earners 59-60
The 8% option income tax 61
Taxpayers subject to percentage tax 62-63
Filing and payment of Income Tax Returns 64
Amendment of Income Tax Return 65
Corporate Income Taxation - Special Corporations 7.50%
General classification and tax rules for corporations 66
Special Domestic Corporations 67
Taxation of FCDUs, EFCDUs, Tax on PEZA or BOI-
68
registered
Tax enterprises
on OBUs, RHQs, and ROHQs of multinational
69
companies
Tax on international carriers 70
Tax on special non-resident foreign corporations 71
Corporate Income Taxation - Regular Corporations 11.25%
The Regular Corporate Income Tax (RCIT) 72-73
The Corporate Gross Income Tax (GIT) 74-75
The minimum corporate income tax (MCIT) 76-77
The Improperly Accumulated Earnings Tax (IAET) 78-79
The branch profit remittance tax 80
100.00% 80
COMMENTS :
AU
UPANG
COC
UI
SWU
ATION
AND ACCOUNTANCY
ICATIONS
Item Type
Knowledge - Understandi Application - Analysis -
15% ng - 15% 50% 20%
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
2
1
1
1
2
1
1
1
1
2
1
2
1
2
1
1
1
1
1
1
1
1
1
1
1
2
2
1
1 1
1
1
1
1
1
1
1
1
2
2
2
2
1
12 12 40 16
12 12 40 16
15% 15% 50% 20%
PHINMA EDUCATION
COLLEGE OF MANAGEMENT AND ACCOUNTANCY
TABLE OF SPECIFICATIONS
PEN Code: BAM 242
Subject: REGULATORY FRAMEWORK AND LEGAL ISSUES
Semester: 2nd semester
School Year: 2019-2020
COMMENTS :
AU
UPANG
COC
UI
SWU
Analysis -
20%
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
30
20%
PHINMA EDUCATION
COLLEGE OF MANAGEMENT AND ACCOUNTANCY
TABLE OF SPECIFICATIONS
PEN Code: FIN 072
Subject: FINANCIAL MARKETS
Semester: 2nd semester
School Year: 2019-2020
COMMENTS :
AU
UPANG
COC
UI
SWU
Analysis -
20%
2
2
1
1
1
1
1
2
1
1
20
20%