REO BATCH 5 MAY 2023

HANDOUTS
FINISHED QUIZZES
AUDITING THEORY 0.00%
AUDITING PROBLEM 0.00%
FINANCIAL ACCOUNTING & REPORTING 3.14% 63%
ADVANCED FINANCIAL ACCOUNTING & REPORTING 0.00%
MANAGEMENT ADVISORY SERVICES 0.00%
0.00%
REGULATORY FRAMEWORK FOR BUSINESS TRANSACTIONS
TAXATION 0.00%
0.45% 0%

Keep your spirits up. It will keep you going. Try again. You can do it!

“Success consists of going from failure to failure without loss of enthusiasm.” —Winston Churc

*NOTE: Should there be changes in each subject, this file will be updated from time to time. We will announce if there are. Thank you.
To download this tool, click "File and select download" as excel file
 CPALE COUNTDOWN (days) 5/16/2023

24
Saturday, April 22, 2023

again. You can do it!

of enthusiasm.” —Winston Churchill

We will announce if there are. Thank you.

excel file
SUMMARY SHEET:
This will show the percentage of the handouts you have finished, and the CPALE countdown. You don't need to input anything

EACH SUBJECT SHEET:

Input your finished handouts in its respective column. You will get the equivalent percentage of the handouts you finished ove
For REO Quiz, input your scores divided by the total number of items per quiz. It will then be converted to its percentage for y
You may take it at your own pace.

ASSESSMENT SHEET:
Input your percentage scores for each assessment to keep track of your monthly performance. You will get your average score
There will be specific schedules for the monthly assessment exam and preboard. You may take it on that date or you may take
You may also retake it more than once.
Printable softcopy of the exams will be provided.
n. You don't need to input anything here.

e of the handouts you finished over the total numbers of handouts for each topic and for the whole subject.
e converted to its percentage for your performance assessment. You may take the quizzes more than one attempt.

ce. You will get your average scores per subject for the monthly assessment and the preboard exams.
ake it on that date or you may take it at your own schedule.
 PRE-RECORDED - AUDITING THEORY

HO # TOPICS Pages
AT-01 Practice and Regulation of the Accountancy Profession 18
AT-02 Code of Ethics for Professional Accountants 22
AT-03 Fundamentals of Assurance Services 10
AT-04 Introduction to Auditing and Overview of the Audit Process 11
AT-05 Preliminary Engagement Activities 8
AT-06 Audit Planning 20
AT-07 Internal Control Consideration 12
AT-08 Auditing in an Information Technology Environment 18
AT-09 Transaction Cycles 11
AT-10 Consideration of Fraud, Error and Non-compliance 13
AT-11 Evidence and performance of substantive testing 13
AT-12 Approaches gathering evidence and Audit Sampling 12
AT-13 Completing The Audit 15
AT-14 Audit Documentation and Communication with those charged with gov 12
AT-15 System Quality Control 18
AT-16 Audit Reporting (General-Purpose Financial Statements) 22
AT-17 Other Reporting Responsibilities (Other Assurance Engagements and O 14

249

LIVE LECTURE - AUDITING THEORY

TOPICS TOPICS Pages
AT-01 Practice and Regulation of the Accountancy Profession 3
AT-02 Code of Ethics for Professional Accountants in the Philippines 3
AT-03 Fundamentals of Assurance Services 3
AT-04 Introduction to Auditing (including the Audit Process) 3
AT-05 Preliminary Engagement Activities 3
AT-06 Audit Planning 3
AT-07 Internal Control Consideration 7
AT-08 Auditing in an IT Environment 3
AT-09 Business Processes (Transaction Cycles) 3
AT-10 Fraud, Error, and Non-compliance 3
AT-11 Fraud, Error, and Non-compliance 3
AT-12 Audit Sampling 3
AT-13 Completing the audit 3
AT-14 Audit Documentation and Communication with TCWG 3
AT-15 System of Quality Control 3
AT-16 Audit Reporting (General-Purpose Financial Statements) 3
AT-17 Other Engagements 3
55
HEORY REO Quiz (Test Yourself)

Input Attempt # 1
Finished (Correct / Total #
Pages % of items) 2 3 4 5

0.00%

HEORY
Finished %

0.00%
6 Average
 PRE-RECORDED - AUDITING PROBLEM
Input
HO# TOPICS Pages Finished
Pages
AP-01 Single Entry System 10
AP-02 Correction of Errors 10
AP-03 Shareholder's Equity 13
AP-04 Share-based Payment' 17
AP-05 Audit of Cash 21
AP-06 Receivables 24
AP-07 Inventories and Agriculture 25
AP-08 Investment in Equity Securities 21
AP-09 Investment in Debt Securities 12
AP-10 Notes and bonds payable 8
AP-11 Property, plant and equipment 29
AP-12 Intangible assets 17
AP-13 Investment Property 9
AP-14 Revaluation & Impairment 12
AP-15 Current Liabilities 16
AP-16 Accounting for Income Tax 11
AP-17 Employee Benefits 17
AP-18 Statement of Cash Flows 15
AP-19 Financial Statements 13
AP-20 Leases 16

316

LIVE LECTURE - AUDITING PROBLEM

HO# TOPICS Pages Finished
AP-01 Single Entry Method 5
AP-02 Correction of Errors 3
AP-03 Shareholder's Equity 8
AP-04 Audit of Cash 4
AP-05 Audit of Receivables 7
AP-06 Audit of Inventory 5
AP-07 Audit of Investments 7
AP-08 PPE & Impairment 6
AP-09 Intangible Assets 5
AP-10 Current & Financial Liabilities 6
AP-11 Accounting for Income Tax 3
AP-12 Statement of Cash Flows 4
AP-13 Financial Statements 5

68
OBLEM REO Quiz (Test Yourself)
Attempt # 1
% (Correct / Total # 2 3 4 5 6
of items)

0.00%

BLEM
%

0.00%
Average
 PRE-RECORDED - FINANCIAL ACCOUNTING & REPORTING

Input
Finished
HO# TOPICS Pages Pages %
FAR-01 Introduction to Accountancy and Preface to PFRS 7 7
FAR-02 Conceptual Framework for Financial Reporting 13 13
FAR-03 Cash and Cash Equivalents 12
FAR-04 Receivables 12
FAR-05 Inventories 12
FAR-06 Biological Assets 7
FAR-07 Property Plant and Equipment - Part 1 8
FAR-08 Property Plant and Equipment - Part 2 9
FAR-09 Government Grants 5
FAR-10 Borrowing Costs 5
FAR-11 Depletion of Mineral Resources 6
FAR-12 Intangible Assets 11
FAR-13 Impairment of Assets 5
FAR-14 Investment in Equity Securities 6
FAR-15 Investments in Associates 7
FAR-16 Investments in Debt Securities 5
FAR-17 Investment Properties 7
FAR-18 Fund and Other Investments 4
FAR-19 Current Liabilities 8
FAR-20 Notes Payable 5
FAR-21 Bonds Payable 5
FAR-22 Compound Financial Instruments 4
FAR-23
FAR-24
Provisions
Employee Benefits
8
10
6.29%
FAR-25 Income Taxes 7
FAR-26 Leases 11
 6.29%

FAR-27 Shareholders' Equity Part 1 13

FAR-28 Shareholders' Equity Part 2 9
FAR-29 Share-based payments 8
FAR-30 Book Value per Share 3
FAR-31 Earnings per Share 7
FAR-32 Financial Statements Part 1 9
FAR-33 Financial Statements Part 2 8
FAR-34 Statement of Cash Flows 6
FAR-35 Operating Segments 6
FAR-36 Non Current Assets Held For Sale and Discontinued Opera 7
FAR-37 Events after Reporting Period 3
FAR-38 Related Parties 4
FAR-39 Interim Financial Reporting 6
FAR-40 Accounting Changes and Error Correction 6
FAR-41 Cash to Acrrual Basis 5
FAR-42 Accounting Process 6
FAR-43 SMEs 13

318

LIVE LECTURE - FINANCIAL ACCOUNTING & REPORTING

HO# TOPICS Pages Finished %
FAR-01 Cash and Cash Equivalents and Trade Receivables 5
FAR-02 Notes Receivable, Receivable Financing and Inventories Pa 4
FAR-03 Inventories Part 2 and Biological Assets 4
FAR-04 PPE and Government Grants 5
FAR-05 Borrowing Costs, Wasting Assets and Intangible Assets 6
FAR-06 Impairment of Assets, NCAHFS, Investment Properties 5
Investments in Equity Securities and Investments in
FAR-07 4
Associate
FAR-08 Investments in Debt Securities and Reclassification 4
FAR-09 Loans Receivable, Other Investments and Impairment of Fi 3
FAR-10 Current Liabilities, Provisions and Bonds Payable 4
FAR-11 Compound Financial Instruments and Leases 5
Extinguishment of Liabilities, Employee Benefits and
FAR-12 6
Income Taxes
FAR-13 Shareholders' Equity and Share-Based Payments 6
Financial Statements and Events After the Reporting
FAR-14 7
Period
FAR-15 Book Value per Share and Earnings per Share 6 0.00%
Cash to Accrual Basis, Operating Segments and Related
FAR-16 5
Parties
Interim Financial Reporting, Errors and Other Reporting
FAR-17 13
Frameworks
Interim Financial Reporting, Errors and Other Reporting
FAR-18 8
Frameworks

100
 REO Quiz (Test Yourself)

Attempt # 1
(Correct /
Total # of
items) 2 3 4 5 6 Average
12/19 63%
63%
 PRE-RECORDED - REGULATORY FRAMEWORK FOR BUSINESS TRANSACTIONS

Input
Finished
HO# TOPICS Pages Pages %
RFBT-01 Law on Obligations 24
RFBT-02 Law on Contracts 15
RFBT-03 Law on Sales 22
RFBT-04 Law on Credit Transactions 9
RFBT-05 Anti-Bouncing Checks Law 2
RFBT-06 Consumer Protection & Lemon Law 22
RFBT-07 Financial Rehabilitation & Insolvency Act 12
RFBT-08 Philippine Competition Act 6
RFBT-09 Government Procurement Law 14
RFBT-10 Law on Partnership 15
RFBT-11 Law on Corporations 35
RFBT-11a Securities Regulation Code 7
RFBT-12 Insurance Law 8 0.00%
RFBT-13 Law on Cooperatives 22
RFBT-14 Banking Laws 14
RFBT-15 Intellectual Property Law 16
RFBT-16 Data Privacy Act 17
RFBT-17 E-Commerce Act 9
RFBT-18 Ease of Doing Business Act 7
RFBT-19 Labor Law 7
RFBT-19A Labor Law - Additional Pay 2
RFBT-20 Social Security Law 17
RFBT-20A Summary of Benefits, Problems & Contributions Schedule 5

307
 LIVE LECTURE - REGULATORY FRAMEWORK FOR BUSINESS TRANSACTIONS
HO# TOPICS Pages Finished %
RFBT-01 Law on Obligations 7
RFBT-02 Law on Contracts 7
RFBT-03 Law on Sales 5
RFBT-04 LAW ON CONSUMER PROTECTION ACT 3
RFBT-05 LAW ON PARTNERSHIP 7
RFBT-06 LAW ON CORPORATION – Part I 7
RFBT-07 LAW ON CORPORATION – Part II 7
RFBT-08 LAW ON CORPORATION – Part III 7
RFBT-09 LAW ON COOPERATIVES 6
RFBT-10 LAW ON BOUNCING CHECKS 3
RFBT-11 LAW ON CREDIT TRANSACTIONS 3
RFBT-12 FINANCIAL REHABILITATION AND INSOLVENCY ACT 6
RFBT-13 Philippine Competition Act 3 0.00%
RFBT-14 GOVERNMENT PROCUREMENT ACT 4
RFBT-15 INSURANCE CODE OF THE PHILIPPINES 5
RFBT-16 BANKING LAWS 5
RFBT-17 ANTI-MONEY LAUNDERING ACT 4
RFBT-18 DATA PRIVACY ACT 4
RFBT-19 INTELLECTUAL PROPERTY LAW 3
RFBT-20 EASE OF DOING BUSINESS ACT 3
RFBT-21 ELECTRONIC COMMERCE ACT 3
RFBT-22 LABOR AND SOCIAL SECURITY LAW 4

106
 REO Quiz (Test Yourself) Average

Attempt # 1
(Correct /
Total # of
items) 2 3 4 5 6
 PRE-RECORDED - MANAGEMENT ADVISORY SERVICES

Input Finished
HO# TOPICS Pages Pages %
MAS-01 Basic Considerations in MAS 13
MAS-02 Variable and Absorption Costing 11
MAS-03 Cost Volume Profit & Breakeven Point 13
MAS-04 Financial Statement Analysis 14
MAS-05 Budgeting 11
MAS-06 Standard Cost Variances 12
MAS-07 Performance Evaluation 18
MAS-08 Pricing Decisions 11
MAS-09 Relevant Costing 17
MAS-10
MAS-11
Quantitative Techniques in Decision Making
Financial Markets
13
12
0.00%
MAS-12 Working Capital Management 13
MAS-13 Short-term Financing 10
MAS-14 Long-term Financing 19
MAS-15 Capital Budgeting 20
MAS-16 Risk and Leverage 11
MAS-17 Economics 18

236

LIVE LECTURES - MANAGEMENT ADVISORY SERVICES

HO# TOPICS Pages Finished %
MAS-01 Basic Considerations in MAS 4
MAS-02 COST BEHAVIOR & COST-VOLUME-PROFIT (CVP 8
MAS-03 STANDARD COSTING & VARIANCES 3
MAS-04 VARIABLE AND ABSORPTION COSTING 3
MAS-05 Budgeting 3
MAS-06 PRICING 2
MAS-07 RELEVANT COSTING 4
MAS-08 CAPITAL BUDGETING 3
MAS-09 FINANCIAL STATEMENTS ANALYSIS 5
MAS-10 PERFORMANCE EVALUATION 6 0.00%
MAS-11 FINANCIAL MARKETS 7
MAS-12 WORKING CAPITAL MANAGEMENT 5
MAS-13 SHORT-TERM FINANCING 4
MAS-14 LONG-TERM FINANCING 5
MAS-15 RISK AND LEVERAGE 4
MAS-16 QUANTITATIVE TECHNIQUES 5
MAS-17 ECONOMICS 3

74
 REO Quiz (Test Yourself)

Attempt # 1
(Correct /
Total # of
items) 2 3 4 5 6 Average
 PRE-RECORDED - ADVANCED FINANCIAL ACCOUNTING & REPORTING

Input
Finished
HO# TOPICS Pages Pages %
AFAR-01 Partnership 13
AFAR-02 Corporate Liquidation 3
AFAR-03 Revenue Recognition 15
AFAR-04 Decentralized Operation 6
AFAR-05 Business Combination 10
AFAR-06 Separate and Consolidated FS 12
AFAR-07 Joint Arrangement 7
AFAR-08
AFAR-09
Forex and hyperinflation
Derivatives and Hedge Accounting
6
9
0%
AFAR-10 NPO 8
AFAR-11 Government Accounting 7
AFAR-12 Cost Accounting 18
AFAR-13 Insurance Contracts 4
AFAR-14 Service Concession Arrangement 3

121

LIVE LECTURES - ADVANCED FINANCIAL ACCOUNTING & REPORTING

HO# TOPICS Pages Finished %
AFAR-01 Partnership 16
AFAR-02 Revenue Recognition 15
AFAR-03 Home Office, Branch and Agency Transactions 4
AFAR-04 BUSINESS COMBINATION 5
AFAR-05 SEPARATE AND CONSOLIDATED FS 5
AFAR-06 Corporate Liquidation 4

0%
AFAR-07 JOINT ARRANGEMENT 3
AFAR-08 Forex and Hyperinflation 5
AFAR-09 Derivatives and Hedge Accounting 5 0%
AFAR-10 Not for Profit Organization 4
AFAR-11 Government Accounting 4
AFAR-12 Cost Accounting 11
AFAR-13 INSURANCE CONTRACT AND SCA 4

85
 REO Quiz

Attempt # 1
(Correct /
Total # of
items) 2 3 4 5 6 Average
 PRE-RECORDED - TAXATION

Input
Finished
HO# TOPICS Pages Pages %
TAX-01 Principles of Taxation 11
TAX-02 Taxes, Laws and Administration 12
TAX-03 Fundamentals of Income Taxation 11
TAX-04 Final Income Taxation 6
TAX-04.1 Income Taxation –Final Withholding Tax Table 2
TAX-05 Capital Gains Taxation 8
TAX-06 Regular Income Taxation 9
TAX-6.1 Compensation Income 8
TAX-6.2 Fringe Benefits Tax 5
TAX-6.3 Dealings in Properties 6
TAX-07 Deductions from Gross Income 5
TAX-7.1 Itemized Deductions 14
TAX-7.2 Optional Standard Deduction 3
TAX-08 Individual Income Taxation 5 0.00%
TAX-09 Coporate Income Tax Integ 9
TAX-10 Estate Taxation 11
TAX-11 Donor's Taxation 7
TAX-12 Introduction to Consumption Tax 6
TAX-13 VAT on importation 4
TAX-14 Business Taxation 23
TAX-15 Excise Tax & Documentary Stamp Tax 10
TAX-16 Tax Remedies 7
TAX-17 Local Taxation 12
TAX-16 Preferential Taxation 7
 201

LIVE LECTURE - TAXATION

HO# TOPICS Pages Finished %
TAX-01 SCHEMES AND RECONCILIATIONS 4
TAX-02 GROSS INCOME 8
TAX-03 ALLOWABLE DEDUCTIONS 7
TAX-04 INDIVIDUAL TAXPAYER 7
TAX-05 CORPORATE TAXPAYERS 7
TAX-06 PARTNERSHIP, JOINT VENTURE, ESTATE & TRUST 4
TAX-07 TRANSFER TAX 6
TAX-08 VAT AND PERCENTAGE TAX 8
TAX-09 DOCUMENTARY STAMP TAX & EXCISE TAX 4
TAX-10 TAX REMEDIES & PENALTIES 5
TAX-11 LOCAL TAXATION 5

0.00%

65
 REO Quiz (Test Yourself)

Attempt # 1
(Correct /
Total # of
items) 2 3 4 5 6 Average
 MONTHLY ASSESSMENT SCORES
SUBJECTS NOV DEC JAN
TAKE 1 TAKE 2 TAKE 3 TAKE 1 TAKE 2 TAKE 3 TAKE 1 TAKE 2

AT

AP

AFAR

FAR

MAS

RFBT

TAX

MAJOR EXAMS
PREBOARD FINAL PREBOARD

AT

AP

AFAR

FAR

MAS

RFBT

TAX
GPA
JAN MARCH APRIL
TAKE 3 TAKE 1 TAKE 2 TAKE 3 TAKE 1 TAKE 2 TAKE 3
AVERAGE

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%

0.00%
FOR 2021 BOARD EXAMS: PRC MEMO #68

RT-PCR TEST
Required for:
1) Suspect Cases
2) Indiv with relevant travel history
3) Health care workers with possible Exposure

NO RT-PCR TEST if not enumerated above BUT

should undergo 14-day quarantine period, at least 14 days
before the scheduled
"Certificate boardorexam.
of Quarantine" its equivalent signed by
submitted
any of the following:
2.1. Any licensed Physician (government or private physician);
2.2. Municipal Health Officer, Provincial Health Officer or City Health Officer; quarantine for 14 days.
2.3. Barangay Officer visiting the examinee’s residence attesting that he/she has been in quarantine

NOTE:
1)Examinee with temperature
will not be allowed to take of more than 37.5 degrees Celsius
the
2)Inrest
the of the that
event examination.
an examinee manifests the COVID-19 symptoms such as
temperature
37.5 degrees higher
Celsiusthan
(37.5℃), colds, cough, other flu-like
symptoms and difficulty of breathing, the following must be observed:
"The
"The examinee
examinee shall
shall not be allowed
be advised to enter
to defer thethe
taking testing site or
licensure should be referred immediately
examination,
to
butauthority if manifests
shall be allowed symptom
to take while
the same taking the succeeding
immediately exam. scheduled
licensure examination.

REFER TO PRC MEMO #68 For full details.

https://www.prc.gov.ph/sites/default/files/2020-68Memo.pdf