Accountancy.

Conceptually and operationally, it is the art of communicating financial

information about a business entity to users such as as shareholders, creditors and
managers. The communication is generally in the form of financial statements that show
in money terms under the managements control (Cabrera & Ocampo, 2013).

Audit Problems (Subject). Conceptually,this part covers the candidates proficiency in

applying audit standards, techniques, and procedures to a typical independent audit of a
medium-sized service, trading or manufacturing concern. Candidate shall be able to plan
and perform an audit, analyze data for possible errors and irregularities, formulate
adjusting entries, resolve audit issues, prepare audit working papers and complete the
audit including the preparation of the audit report. In all the areas included, the candidate
shall apply the Philippine Standards on Auditing (PSA) and other regulatory laws and
regulations in effect at the time of examination. Operationally, a subject of the mock board
examinations to be taken by the graduating accountancy students.

Audit Theory (Subject). Conceptually, this part covers the candidates' conceptual
knowledge and understanding of assurance and related services performed by
professional accountants. Candidates should know and understand the nature of
assurance and related services particularly independent audits of financial statements,
the responsibilities of professional accountants; the audit process; audit objectives,
evidence, procedures, auditing standards, and the elements of the independent auditors'
report. In all the areas included, the candidate shall apply the Philippine Standards on
Auditing (PSA) and other regulatory laws and regulations in effect at the time of
examination. Operationally, a subject of the mock board examinations to be taken by the
graduating accountancy students.

Bachelor of Science in Accountancy. The Bachelor of Science in Accountancy (BSA)

program is composed of subjects in accounting (financial, public, and managerial), audit,
administration, business laws, and taxation. It is not limited to business subjects, but in
other fields as well, such as banking and finance, government, social services, education,
and more. The program also teaches students to integrate information technology
concepts into business systems in order to create a more systematic and organized way
of storing business-related data. As a student, you will be taught computerized accounting
systems, and a basic understanding of computer programming and auditing systems. The
program also instills in students the importance of computational and communication
skills both in written and oral English.

Business Law (Subject). Conceptually, this subject covers the candidates knowledge
of the regulatory framework governing business transactions and business
organizations/associations, and of business laws including their legal implications.
Candidates should know and understand the pertinent legal provisions, general
principles, concepts, and underlying philosophy of the laws applicable to commerce and
business. The candidates must have sufficient knowledge to enable them to recognize
the legal implications of business situations or transactions and to know when to seek
legal counsel or recommend that it be sought. Operationally, a subject of the mock board
examinations to be taken by the graduating accountancy students.

Management Services (Subject). Conceptually, the subject covers the candidates

knowledge of the concepts, techniques and methodology applicable to management
accounting, financial management and management consultancy. Candidates should
know and understand the role of information in accounting, finance and economics in
management consultancy and in management processes of planning, controlling and
decision-making. Operationally, a subject of the mock board examinations to be taken by
the graduating accountancy students.

Practical Accounting 1 (Subject). Conceptually, this subject covers the candidates

ability to demonstrate understanding and application of accounting principles and
standards relating to: nature and composition of accounts; initial recognition;
measurement and valuation, subsequent events and transactions; subsequent
measurement and recognition of losses due to impairment and other causes; related party
transactions, financial statement presentation and disclosures. Operationally, a subject
of the mock board examinations to be taken by the graduating accountancy students.

Practical Accounting 2 (Subject). Conceptually, this subject covers the candidates

knowledge of the concepts and principles in advanced financial accounting and reporting
and the application of these accounting concepts including techniques and methodology
to problems likely to be encountered in practice. Operationally, a subject of the mock
board examinations to be taken by the graduating accountancy students.

Strategy. Conceptually, a plan of action or any method designed to achieve a major or

overall aim. Operationally, the actions taken by the graduating accountancy students to
pass the mock board examinations.

Success. Conceptually, the accomplishment of an aim or purpose. Operationally, it is

passing the mock board examination.

Taxation (Subject). Conceptually, this subject covers the candidates knowledge of the
principles and concepts of taxation and the practical application of these principles and
concepts. Candidates are expected to know the National Internal Revenue Code (NIRC)
provisions on income tax, business taxes (value-added and percentage taxes), estate
tax, donors tax; the Tariff and Customs Code; Local Government Code on local taxes;
preferential tax or tax exemption provisions and taxes pertaining to senior citizens and
persons with disability, Board of Investments, PEZA, BMBE, various Tax Treaties and
other special laws and issuances that may be legislated in the future. The candidates
must be familiar with the Implementing Rules and Regulations, circulars, rulings and other
issuances pertinent to the implementation of the various taxation laws earlier specified.
The candidates should know the taxation principles in the decisions of the Court of Tax
Appeals, Court of Appeals and Supreme Court. Operationally, a subject of the mock
board examinations to be taken by the graduating accountancy students.

http://umindanao.edu.ph/college-of-accounting-education/

http://philcpa.org/wp-content/uploads/2016/02/Advanced-Financial-Accounting-and-
Reporting.pdf

http://philcpa.org/wp-content/uploads/2016/02/Auditing.pdf

http://philcpa.org/wp-content/uploads/2016/02/Financial-Accounting-and-Reporting.pdf

http://philcpa.org/wp-content/uploads/2016/02/Management-Advisory-Services.pdf

http://philcpa.org/wp-content/uploads/2016/02/Regulatory-Framework-for-Business-
Transactions.pdf
http://philcpa.org/wp-content/uploads/2016/02/Taxation.pdf