June 2017

Monday Tuesday Wednesday Thursday Friday Saturday Sunday

MAS Tax Mock Law AFAR FAR Auditing
** Intellectual Property Law (except 1 Installment Sales 2 Presentation of FS 3 FS Audit -Client Acceptance, Audit Planning,
The 4
Definition and rights of foreign corps * Classes of stocks (Concepts, provisions under Part 1 (Intellectual Recognition of gross profit regular sales vs (IAS1,IAS8, IAS10, IAS7,IFRS5, Supervision& Monitoring
Cost Recovery Method Property Office) Overview of the audit process; Pre-engagement
installment sales IAS33,IAS18 /IFRS15)
Definition of doing business and its Subscriptions); Powers, duties, rights procedures; Scope & purposes of audit planning
The Law on Patents
relation to foreign investments Computation of gross amount
&obligations of stockholders; The Law on Trademark, Service Default and Repossession and Trade in Statement of Financial Position; (Essential planning reqmnts: Knowledge of the
Purpose and qualifications of Resident Majority & minority control; By Laws; due from / to customers business, Preliminary analytical procedures, Materiality,
Marks and Trade Names merchandise: Statement of Comprehensive Income;
agent Meetings FS Presentation Assessing & managing audit risks, Overall audit plan &
The Law on Copyright Statement of Cash Flows; Statement of
Suits against foreign corps Accounting for SME audit program (experts, internal auditor, other
IAS 18 / PFRS 15 Changes in Equity; Notes
FS Presentation independent auditors)) Direction, supervision &review
Longterm Construction Contracts

Microeconomics 5 Value added tax
Output VAT
(concept of and factors affecting
Input VAT
supply; concept of and factors affecting
VAT tax credits
demand; market equilibrium; price
elasticity of demand; market structure; Refund of excess input VAT
production and cost functions) Venue and time of filing of donors tax
returns
Venue and time of payment
6 (Basic knowledge) 7 Corporations 8 IAS 11/PFRS 15 9 10Understanding the Entity & its Environment
Including its Internal Control & Assessing the
11
Accounting for insurance contractsNature and classes; Incorporation & Journal entries & determination of revenue, costs
by insurers (PFRS 4) org of Private Corp; Powers & gross profit Other Topics Risks of Material Misstatement
Accounting for build, operate & (Expressed, Implied, Incidental);
Borrowing Costs (IAS 23) Industry, regulatory & other external factors, incl
transfer (IFRIC 12) Board of Directors/Corporate Percentage of completion (proportion that the applicable financial reporting framework
Officers (Qualifications, Election & contract costs incurred for work performed to date Nature & Criteria for capitalizing
(Nature of the entity, Objectives & strategies &
Investment Property removal, Powers & fiduciary duties); bear to the estimated total contract costs; Surveys of borrowing costs related business risks, Measurement & review of the
work performed; or Completion of a physical
Nature and measurement
principle
* proportion of the contract work) entity's financial performance)*****

Completing the Audit/ Post-Audit

Risks & rates of returns 12 Value Added Tax Cont.. 13 Biological Assets 14Corporations 15 16 17
Responsibilities 18
Modes of payment Nature and recognition principle Corporate reorganization IFRS for Small and Medium
Types of risks (business/operating,
After initial recognition (Mergers, Consolidations Other Completing the audit and audit report preparation
Accomplishing of tax returns&forms Sized Entities
financing)
Measures of risks (coefficient of variation & Attachments to the tax return
business combinations) Consignment Sales - IFRS Reporting requirements;
Post-audit responsibilities
Completing the audit and audit report preparation
standard deviation) Invoicing, & Acctg requirements Non-stock corporation 15 Peculiarities & Principles for Analytical procedures for overall review; Related party
Degree of operating, financial & total Senior Citizens Law* Modes of dissolution & reporting investments in equity and
transactions; Subsequent events review; Assessment
leverage Practice/Exercises Magna Carta for Disabled liquidation debt securities of going concern assumption; Obtaining client's
Persons** Retirement Requirements representation letter; Evaluating findings, formulating
an opinion and drafting the audit report
Relevant costing and differential 19
analysis
20 Special Economic Zone Act*
21 Foreign corporations
22 Franchise Operations - Franchisors point of view
- IAS 18 / IFRS 15
23 Cash to Accrual 24 25
Purpose; Single-entry computation of
Definition and identification of relevant TARIFF AND CUSTOMS CODE Policy and the Philippine Economic Zone License to do business Journal entries&determination or revenue, costs &profit; Reconciling profit using the
costs Functions of the BOC Authority (PEZA) Purpose of the license; gross profit -Initial Franchise Fee (use of accrual transaction approach; Convert cash
Concept of opportunity costs Functions of the Tariff Commission Registration of investments Fiscal Requirements for method, installment sales method & cost recoverybasis revenues and expenses to
Audit of production cycle
Approaches in analyzing alternatives inNature of tariff & customs duties incentives to PEZA-registered application/issuance of license; method); Continuing Franchise Fee, Bargain accrual basis revenues and expenses
Basis of assessment of duty Audit of conversion activities
non-routing decisions (total and economic zone enterprises Consequence of doing business Purchase (Option),& Commingled Revenue;
differential) Documents required for without a license Repossessed Franchise; Option to Purchase the Audit of inventory balances: work-in-process
importation/export of goods Franchise Outlet and finished goods
*** ** FS Presentation & Accounting for SME Audit of cost of goods sold balance

Capital budgeting 26 Percentage tax 27 28 Cooperatives 29 Translation of Foreign Currency FS (PAS 30 *** *****
Capital investment decision factors (net Investments in Associates (equity Organization & Registration; 21/PAS 29) Internal control
investment for decision making,cost of method of accounting) Administration; Responsibilities, Translation from the Functional Currency to the Types of decisions (make or buy, Basic concepts & elements of internal control,
capital,cash&accrual net returns) Tax base and tax rates Rights & Privileges; Capital, Propertypresentation Currency (Closing/ Current Rate accept or reject special order, Consideration of accounting & internal control
Non-discounted capital budgeting Venue and time of filing of tax returns of Funds; Audit, Inquiry & Members Method) continue or drop/ shutdown, sell or systems (Understanding & documentation,
techniques (payback period, acctg rate ofVenue and time of payment process further, best product
Auditing: Communicating withRight to Examine; Allocation & Remeasurement from a Foreign Currency to the combination, pricing decisions) Assessment of control risks - Test of controls &
return on original &average investment, Modes of payment Distribution of Funds; Types & Functional Currency (Temporal Method) Documentation)
bail-out payback & payback reciprocal) Use of tax rates those charged with Categories; Merger & Consolidation;
Discounted capital budgeting techniquesAccomplishing of tax returns & forms governance and managementDissolution Restatement of financial statements (Functional
(net present value, internal rate of return, currency is the currency of a hyperinflationary
profitability index, equivalent annual economy)
annuity, fisher rate/NPV point of Post-audit responsibilities
Project screening, project ranking & capital rationing (independent &mutually exclusive capital investment projects) Subsequent discovery of facts & Subsequent discovery of omitted procedures
indifference)
Sensitivity analysis (effects of changes in project cash flow, tax rates & other assumptions)
 July 2017
Monday Tuesday Wednesday Thursday Friday Saturday Sunday
MAS Tax Mock Law AFAR FAR Auditing
Responsibility acctg & transfer pricing Nonaudit engagements: procedures
31profit & investment centers)
Type of responsibility centers (cost, revenue, and reports (Examination of prospective Non-Financial Liabilities 1 Reports on Audited FS 2
The unqualified auditor's report
Concepts of decentralization & segment reporting financial information;Engagements to Premiums & warranties
Basic elements of the unqualified auditor's
Controllable & non-controllable costs, direct & common costs review financial statements) Unearned revenues for gift
report
Performance margin (manager vs. segment performance) Nonassurance engagements certificates & subscriptions
Balanced scorecard Modified auditor's report (Matters that do not
Preparation of segmented income statement Engagements to perform agreed-upon
Nature and perspectives of balanced affect the auditor's opinion ;Matters that do
Return on investment (RoI), residual income and economic value added (EVA) procedures regarding financial information;
Provisions & Contingencies
scorecard affect the auditor's opinion)
Rational & need for transfer price Engagements to compile financial Recognition & measurement
Financial and non-financial Report on comparatives
Transfer pricing schemes (minimum transfer price, market-based transfer price, information criteria
performance measures
cost-based transfer price & negotiated price)

Quantitative techniques 3 INCOME TAX 4 Omnibus Investments Code (Book 15 ofPledge, Real Mortgage &Chattel6 7 8 9
Audit Objectives, Procedures, Evidences
Regression & correlation analysis; Gantt chart;Taxpayer and tax base; Executive Order 226)* Mortgage Joint Arrangements (PFRS 11) Property, Plant & Equipment and Documentation
PERT (CPM); Probability analysis (expected Individuals; Corporations; Policy and the Board of Investment Joint Operations Nature Nature and significance
value concept); Decision tree diagram; (BOI) Joint Venture (Equity method) Recognition principle Evidential matters
Partnerships; Joint ventures; Nature & requisites; Requirements to
Learning curve; Inventory models (carrying and Preferred areas of investment Accounting for SME Initial recognition basis Audit procedures/techniques
Estates and trusts; Co- bind the parties & third persons;
ordering costs, EOQ model, safety stock, Investments Priority Plan Audit working papers
Obligations & rights of pledger & pledge / Depreciation methods
reorder point) ownerships; Tax exempt Registration of investments
mortgagor & mortgagee; Effect of pactum Impairment
Linear programming (graphic method; individuals & orgs Fiscal incentives to BOI registered
commissorium; Modes of extinguishment
algebraic method) enterprises

Strategic cost management 10 Accounting periods 11 Consolidated FS (PFRS 10)

Total quality management
Just-in-time production system
Continuous improvement
Business Process Reengineering
Kaizen costing
Product life cycle costing
Target costing
FS Analysis
Vertical analysis (common-size FS)
Horizontal analysis (trend percentages and
index analysis)
Cash flow analysis (interpretation of cash
flows inc free cash flow concept)
Gross profit variance analysis (price, cost &
volume factors)
Accounting methods
Reconciliation of income under PFRS and Date of acquisition
income under tax accounting
Compliance Requirements
Administrative requirements (registration,
issuance of receipts, printing of receipts)
Attachments to the income tax return,
including CPA certificate, per NIRC
requirement
17 18
Gross income
Inclusions in the gross income
Exclusions/exemptions from gross
income
Consolidated FS in Subsidiary
12 Insolvency Law * 13 14 Intangibles 15Other Assurance & Non-assurance Services
Procedures & reports on special purpose16 audit
Definition of insolvency
Suspension of payments Nature and recognition principle engagements (General considerations; Audit of
Subsequent to date of acquisition (At Voluntary insolvency Corporate Liquidation Research and development financial statements prepared in accordance with a
cost, in accordance with PAS 39, and Involuntary insolvency Statement of Affairs expenditures comprehensive basis of accounting other than
equity method) Deficiency Statement Subsequent expenditures GAAP in the Philippines; Audit of a component of
Net income, dividends, amortization and Statement of realization and Liquidation
Amortization financial statements; Reports on compliance with
Kinds of obligations in general
impairment of goodwill contractual agreements; Reports on summarized fs)
under the Civil Code
See attached continuation*
Specific circumstances affecting19 Partnership 20Partnership Accounting 21 22 23
obligations in general Formation; Operations
Basic Derivatives (excluding Audit of expenditure and
Fortuitous events Nature and as distinguished from Dissolution / changes in ownership Hedge Accounting) disbursement cycle
Fraud interest; Admission of a new partner By
corporation Forwards Audit of acquisitions and purchases
Negligence purchase of interest; By investment;
Elements and kinds Futures Audit of payroll transactions
Delay Withdrawal, retirement or death of a
Interest Rate Swap
Formalities required partner) Audit of cash disbursement transactions /
Breach of contract Call and Put Options
Rules of management Incorporation of a partnership cash balance
Liquidation (Lump sum method
Installment method)

FS Analysis Part II 24 25 Barangay Micro Business 26 Partnership Part II 27 28 Investments in Debt 29 Audit of expenditure and 30
Gross income Enterprises (BMBEs) Act* Cost Accounting Instruments disbursement cycle
Financial ratios (liquidity, solvency, activity,
Income from compensation Registration of BMBes Distribution of profits&losses System of cost Accumulation or Financial Assets at Fair Value through
profitability, growth and other ratios; Du Pont Income from business Fiscal Incentives to BMBEs
model) Sharing of losses&liabilities Costing System Profit or Loss (Except Derivatives) Audit of inventory balances
Passive income subject to final Comparison between Actual Costing, Financial Assets at Fair Value through Audit of trade payable balances
withholding tax Modes&retirement reqmnts Normal Costing and Standard Other Comprehensive Income Audit of prepaid expenses & accrued
Financial forecasting using additional funds Capital gains
needed (AFN)
Limited partnership Costing Financial Assets at Amortized Cost liabilities

Keeping of books of accounts and records,

including report of inventories QUIZZERS
Prescriptive period of maintain books of
accounts and other accounting records

MAS:
FS Analysis Part II
 August 2017
Monday Tuesday Wednesday Thursday Friday Saturday Sunday
MAS Tax Mock Law AFAR FAR Auditing
1 Conceptual Framework 2 Contracts 3 Accounting for Business Combination (PFRS 4 5 Assessing the risks of material 6
Basic Objectives of FS Concepts and classification 3) misstatement
ESTATE TAX: Acquisition of assets & liabilities (acquisition Fraud and errors; Risk assessment
Qualitative Characteristics of FS Elements and stages Interim Reporting (IAS 34)
Freedom from contract & limitation method) - Determination of Consideration procedures; Discussion among the
Elements of FS Purpose
Gross estate; Deductions Financial Capital & Physical Persons bound Transferred; Recognition of Acquired Assets & engagement team; Significant risks that
Liabilities; Recognition & Measurement of Principles for Recognition require special audit consideration; Risks
allowed to estate; Tax credit Capital Consent
Goodwill & Gain from a Bargain Purchase; for which substantive procedures alone do
Capacitated persons
Journal Entries not provide sufficient appropriate audit
Requisites FS Presentation evidence; Revision of risk assessment
Accounting for SME

7 ESTATE TAX: 10 Accounting for Home Office, Branch & Agency

Project Feasibility Studies 8 Negotiable Instruments 9 Negotiable Instruments Transactions 11 Leases (IAS 17) 12 13
Nature, purpose and components (economic/ Venue & time of filing of tax returns; Negotiability of instrument Abnormal negotiable Instruments
Incomplete but delivered instruments Transactions on the books of the home office & Operating lease
marketing, technical and financial); Analysis Venue & time of payment; Modes of the branch
of project revenue and costs under specific payment; Use of tax tables; PRACTICE/QUIZZERS Incomplete and undelivered instruments Finance lease Audit of cash balances
Reconciliation of reciprocal accounts
assumptions; Preparation of projected FS; Complete but undelivered instruments
Analysis of projections Accomplishing of tax returns & forms; Preparation of individual & combined fs
Instruments with forged signature Special procedures in home office & branch Share-based payments Audit of cash receipt
Attachments to the tax return;
transactions (inter branch transfer of cash & (IFRS 2) transactions / cash balance
Administrative requirements; PRACTICE/QUIZZERS merchandise at cost or at billed price)
Accounting for Agency transactions
Objectives, role and scope of
14 15 16 17 18 19 20
IELTS
management accounting ESTATE TAX:

IELTS
Audit of the financing cycle

IELTS
Basic mgt functions & concepts Practice
Distinction among mgt acctg, cost acctg & Audit of financing cycle transactions
Devt of Financial Reporting
financial acctg Government Accounting General Fund Audit of non-trade liability balances
Framework & Standard-Setting
Role & activities of controller & treasurer; Bodies, Regulation of the Basic Concepts in Govt Accounting LAW:
International certifications in management Cash & Cash Equivalents
Negotiable Instruments
Accountancy Profession Budget Process; Journal Entries Books of
accounting National Government Agency Negotiability of instrument
Abnormal negotiable Instruments
Incomplete but delivered instruments
Working capital finance 21 Tax return preparation & filing & tax 22 Auditing in a CIS Environment 23
Internal control in a CIS environment Contracts Part II
24 25 26
Incomplete and undelivered instruments
27
Concepts & significance of working capitalpayments Vices of consent Separate Financial Statement (PAS 27) Audit of the financing cycle
mgt Manual filing; Electronic filing&E- Introduction Complete but undelivered instruments
Objects of contracts Accounting for Investment in Subsidiary (Cost; In Inventories Audit of interest expense and finance
Working capital investment & financing submission; Large taxpayers & non-largeImpact of computers on acctg & Considerations of contracts accordance with PAS 39/PFRS 9 (effective Instruments with forged signature cost balances
Cost, Lower of cost or Net
policies (conservative vs. aggressive) taxpayers; Income tax credits; Venue & internal control systems(General
Formalities of contracts January 1, 2018); Equity method realizable value Audit of equity accounts
Cash & marketable securities mgt (cash time of filing of tax returns; Venue & timecontrols &Application controls) PRACTICE/QUIZZERS
Unique characteristics of specific CISInterpretation & reformation of contract Estimating procedures
conversion cycle, optimal cash balance, of payment; Modes of payment; Use of Accounting for SME
(Stand alone, On-line, Database Defective contracts
collection & disbursement float, cash mgt tax tables; Accomplishing of various
income tax returns & forms system (Rescissible, Voidable, Unenforceable, Void) AUD:
system) ** Audit of cash balances
Working capital finance **
Capital structure and long-term 28 Withholding taxes (at source, expanded
29 30 31Receivables mgt (average balance of &
PDIC Law *
financing decision or creditable withholding tax, final
Basic approach to the audit of CIS investment in accounts receivable, incremental
Basic concepts and tools of capital structure withholding taxes & withholding tax on Insurable deposits Accounts Payable and
environment Maximum liability analysis & evaluation of discount, collection & Other Trade Payables
management govt payments)
Introduction credit policies)
Sources of intermediate and long-term
financing (including hybrid financing)
Time of withholding; Income payments
Effects of computers on the audit Requirements for Claims Inventory mgt (carrying, ordering& stock-out
Initial recognition
Subsequent measurement
subject to withholding TAXATION UNDER THE LOCAL
Cost of capital (cost of long-term debt, cost ofYear end withholding of tax & process costs, inventory control system including EOQ Estimating procedures
preferred shares, cost of equity, weighted requirements; Venue & time of filing of Computer assisted audit GOVERNMENT CODE* model, safety stock, reorder point)
average cost of capital, marginal cost of techniques Scope and different types of local taxes Sources of short-term funds (trade credit, bank
withholding tax returns; Venue & time of
capital)
payment; Modes of payment; Time of (Limited to RPT, local business tax); Tax loans, commercial papers, receivable factoring)
payment; Use of tax tables & rates; Use base and tax rates; Venue and time of filingEstimating cost of short-term funds (annual cost
of various withholding tax returns & forms of tax returns; Venue and time of payment of trade credit, effective & nominal annual rate of
short-term funds)

Attachments to the tax

 September 2017
Monday Tuesday Wednesday Thursday Friday Saturday Sunday
MAS Tax Mock Law AFAR FAR Auditing
Cost Accounting
1 Employee Benefits (IAS 19) 2
System of cost Accumulation or Costing Defined benefit plan
3
Standard Costing (two-way
variance excluding mix and yield System Audit of the revenue and receipt
variances) Comparison between Actual Costing, Defined benefit liability (asset) cycle
Computation of Variances Normal Costing & Standard Costing
Audit of sales and revenue
Journal Entries &reporting transactions

Standard costing & variance analysis

Direct material variance (quantity, price usage,
purchase price, mix & yield) 4 5 Double Taxation Agreements (DTA)* 6 Installment sales 7 Job order costing system 8 Equity 9 10
Deductions from gross income Nature and purpose of DTAs Recto Law Cost accumulation procedures Share Capital Transactions (IAS 32, Audit of the revenue and receipt
Direct labor variance (efficiency, rate, mix & Itemized deductions Manner of giving relief from double taxation Maceda Law materials, labor and overhead IFRS 7)
yield) Share Capital (nature, recognition, cycle
Items not deductible Procedure for availment of tax treaty benefits PD 957 / Condominium Act Journal entries
Factory overhead variance two-way method & measurement)
Secrecy of Bank Deposits &
(controllable & volume); three-way method Optional standard deduction Preparation of statement of goods Issuance & retirement of preference Audit of receivable balances
Unclaimed Balances Law * manufactured and sold
(spending, variable efficiency & volume); four-Deductions allowed under special laws & ordinary shares
Accounting for scrap, waste,
way method (variable spending, fixed Share split, treasury shares & other
spending, variable efficiency & volume) spoilage and rework
equity transactions

Variable costing & absorption costing 11 Remedies of the government 12 General Banking Law 13 Extinguishment of obligation14 with Process costing system 15 Equity 16 17
Definition, scope, prescriptive period Definition of Banks special emphasis on Cost accumulation procedures Audit of investing cycle
Nature and treatment of fixed factory materials, labor and overhead
Administrative remedies Loans Payment of debts of money;
overhead costs Dividends (IFRIC 17)
Judicial actions; Additions to Tax
Distinction between product cost & period cost SBL Mercantile documents as means of Journal entries; Preparation of cost of Audit of investing transactions
(Surcharge, Interest, Compromise penalty); DOSRI payment; Special forms or modes of production report (First in, first out Retained Earnings
Inventory costs between variable costing and AMLA Law * Audit of investment account balances
absorption costing
Other sanctions (Criminal penalties, Closure payment; Remission or condonation,(FIFO) method; Average method)
Reconciliation of operating income under
of Business, Collection of Delinquent Covered transactions confusion, compensation & novation;Accounting for lost units Recapitalization & quasi-
Taxes); Powers of the BIR Suspicious transactions Effect of insolvency & bankruptcy on(Normal lost units;Abnormal lost unit)
variable costing and absorption costing reorganization
Reportorial Reqrmnt extinguishment of obligation
Financial planning and budgets18 Remedies of the taxpayer 19 20 Sales 21 Backflush costing system (JIT 22 23 24
Definition and coverage of the budgeting Definition, scope, prescriptive period Nature, forms and requisites system) Audit of investing cycle
process Taxpayers rights Sales Earnest money as distinguished Cost Accumulation procedures Equity:
Master budget and its components (operating Administrative remedies (Protesting of from option money materials, labor and overhead Audit of property, plant and equipment
and financial budgets) Assessment, Recovery of excess or Rights/obligations of vendor
Rights/obligations of vendor and Journal entries Book Value per Share / account balances
Types of budgets (static, flexible, zero-based,
continuous)
erroneously paid taxes, Request for the and vendee vendee Service Cost Allocation
Warranties (in relation to consumer Direct method
Earnings per Share
Audit of intangible account balances
compromise, abatement or refund or credit
Budget variance analysis (static and flexible)of taxes, Request for rulings) laws) Step down
Judicial remedies Reciprocal method
Activity-based costing (ABC) and activity-Donors tax
based management (ABM)
25 Gross gift 26 Cost-volume-profit (CVP) analysis 27 Corporations 28 Accounting for joint and by29 30 Activity based costing system (ABC
Uses, assumptions and limitations of CVP analysis Accounting Process
Activity levels (unit-level, batch-level, product-Exemptions Suspension or revocation of license products 2.1 Adjusting Entries
costing)
Factors affecting profit Withdrawal from business Allocation of costs: Traditional
level and facility-level), cost pools and activityTax rates in general and when the donee isBreakeven
a Methods of allocating joint cost to
point in unit sales and peso sales 2.2 Accounting Cycle
drivers Kinds and availability of corporate products Costing versus ABC Costing
stranger Required selling price, unit sales and peso sales
Determination of cost pool rates and application Venue and time of filing of tax returns books Market (sales) value method: (Market Determination of Total Product Costs:
to achieve a target profit
of overhead costs Venue and time of payment Securities Regulation Code value at split off point approach; Loans and Receivables Traditional Costing versus ABC
Sensitivity analysis (including indifference point in
Traditional costing vs. activity-based costing Modes of payment (Kinds of securities, Protection of Hypothetical Market Value Approach or (Financial Assets at Amortized costing
unit sales and peso sales) Approximated Net Realizable Value
Process value analysis (value-added activitiesUse & of tax tables Use of sales mix in multi-product companies investors, private tender offer and Cost) RFBT:
non-value-added activities) Accomplishing of tax returns and forms Concepts of margin of safety and degree of Insider Trading) Approach or Net Realizable Value General Banking Law *
Attachments to the tax return SEC Circulars and Issuances Method; Average unit (production output)
operating leverage Definition of Banks

October 2017
Administrative requirements Code of Corporate Governance method; Weight average method) Loans
Filing of General Information Sheet Methods of allocating Joint Cost to By
products (No joint cost allocated to by o SBL
Filing of Annual Audited FS
product; With joint costs allocated to by o DOSRI
)
Treatment of by - products
 Monday Tuesday Wednesday Thursday Friday Saturday Sunday
Consolidated Financial Statements30 (PFRS 10) 31 1
Consolidated Financial Statement in Subsidiary (Date of acquisition/Subsequent to date of acquisition (At cost, in accordance with PAS 39, and equity method)
(Net income, dividends, amortization and impairment of goodwill; With intercompany transactions (inventories, land and depreciable assets))
Determination of: Net income; Attribution to Equity Holders of Parent/ Controlling or Parents Interest (Non-controlling Interest; Consolidated/ Group)
REST in JESUS

2 3 4 5 6 7 8

Mock Exams Mock Exams Mock Exams Mock Exams REST in JESUS

9 10 11 12 13 14 15

Mock Exams Mock Exams Mock Exams REST in JESUS

Mock Exams

16 17 18 19 20 21 22

23 24 25 26 27 28 29

UNSCHEDULED
Foreign Currency Transactions Management Consultancy
Without hedging activities (import, export,
lending, and borrowing transactions) Management Consultancy Practice by Stay Order
Certified Public Accounting (CPAs)
Hedging Activities: Hedging Foreign
Nature of management consultancy
Currency Exposures
engagements
Foreign Currency Forward Contacts Professional attributes of management
9.2.1.1 Hedges where hedge accounting consultants
is Not Required (Undesignated Hedges) Areas, stages and management of
9.2.1.1.1 Exposed Asset (Import) or management consultancy engagements
Financial Management
Objectives and Scope of Financial
Management
Nature, purpose and scope of financial
management
Role of financial managers in investment, graph, least-squares regressions)
operating and financing decisions
Bouncing Checks *
Checks without insufficient funds
Evidence of knowledge of insufficient
funds
Duty of Drawee
Credit Construed
Corporate Rehabilitation *
Definition of Terms
Receiver
Rehabilitation Plan
Contents of Petition and other types of
Rehabilitations
Management Accounting Concepts &
Techniques for Planning & Control
Cost terms, concepts and behavior
Nature and classification of costs
Analysis of cost behavior (variable, fixed,
semi-variable/mixed, step-cost)
Splitting mixed cost (high-low, scatter
The New Central Bank Act *
Legal tender power over coins and note
Conservatorship
Receivership and Closures
PRINCIPLES OF TAXATION
Nature, scope, classification, and
essential characteristics
Principles of sound tax system
Limitations on the power of taxation association, etc.
Tax evasion vs. tax avoidance
Situs/place of taxation
Non-Current Assets Held For Sale
Classification criteria
Initial and subsequent
measurement principles
Other Comprehensive Income
AFAR
Not for profit Orgs
VHWO ; Hospitals and other
*Exemption from income tax of
health care organizations;
qualified senior citizens *Tax
Colleges and Universities;
incentives for qualified Obligations
Others such as churches,
establishments selling goods and Sources of obligations and their
museums, fraternity
concepts
services to senior citizens
Law
Contracts
**Tax incentives for qualified
MAS:
Macroeconomics (national
economic issues and measures
of economic performance such
as GDP; unemployment and
inflation; fiscal and monetary Duties of obligor in
policies; international trade and
foreign exchange rates) obligation to do or not
to do
Income Tax (IAS 12)
Debt Restructuring
Accounting profit
Nature and forms
Taxable profit
Principles of derecognition