Changes in CPALE Syllabi by October 2022 Examination

1. Financial Accounting and Reporting

Add: Investments in a joint venture

Remove:
• Derivatives
• Leases
• Cash to Accrual

2. Advanced Financial Accounting and Reporting

Add:
• Gift Cards
• Derivatives
Remove:
• Warranties
• PFRS for SMEs
• Standard Costing

3. Management Services

Add:
• Global Trends in Management Accounting
• Working capital investment and financing policies -
hedging/moderate approach
• Financial Markets
Remove:
• ABC and ABM
• Strategic Cost Management
• Gantt Chart and PERT-CPM
• Derivatives
• Investment Models
• PSE and other foreign bourses
• Types of Investment Products and their Characteristics,
• Management Consultancy
• Code of Ethics
• Project Feasibility Studies

4. Auditing

Add: Auditing Practice

Remove: Auditing Problems

5. RFBT
Add:
• Consumer Production
• Financial Rehabilitation and Insolvency
• Philippine Competition Act
• Government Procurement Law
• Amended Insurance Code
• Truth in Lending Act
• Labor Law
• Social Security Law
• Wider Scope of the ff:
✓ AMLA
✓ Data Privacy Act
✓ E-Commerce Act
✓ Ease of Doing Business and Efficient Delivery of
Government Services Act
Remove:
• Negotiable Instruments Law
• Unclaimed Balances Law

6. Taxation
Add:
• Organization and functions of Bases Conversion and
Development Authority
• Functions of BIR, Local Government Tax Collecting
Units, Board of Investments, Philippines Economic Zone
Authority
• Tax implications of transactions applying the tax rules
and regulations, and sound tax planning strategies with
legal and ethical bounds to efficiently manage tax
liabilities (Income Taxation, Transfer Taxation, Business
Taxation, Documentary Stamp Tax, Excise Tax, Taxation
under Local Government Code, Preferential Taxation)
• Bases Conversion and Development Act (BCDA) for
purposes of determining tax liabilities and tax
incentives (Income Tax and Other Tax Incentives)
• Wider scope of the ff:
✓ Documentary Stamp Tax
✓ Excise Tax
✓ Taxation under the Local Government Code
✓ Basic principles of the tax treaty and specific
provisions of Double Taxation Agreement models
Change:
• Limiting the ff:
✓ Special Economic Zone Act and Omnibus Investment Code
into for purposes of determining tax liabilities and tax
incentives (Income Tax and Other tax incentives)
✓ Omnibus Investment Code into for purposes of
determining tax liabilities and tax incentives (Income
Tax and Other tax incentives)
Remove:
• Organization of Bureau of Customs
• Expanded jurisdiction of Court of Tax Appeals.