o Basic Principles o Overview of Audit and Assurance Engagement
o Estate Tax o Client Acceptance o Donor’s Tax o Audit Planning Activities o VAT o Risk Assessment Activities o Percentage Tax o Audit of Inventories o Other Topics (Doc. Stamp Tax, Taxation Under o Audit of PPE Local Government Code, Preferential Tax, Tariff o Audit of Investment Property and Customs Code) o Audit of Intangible Assets o Audit of Cash and Cash Equivalents BUSINESS LAW o Audit of Receivables o Obligations o Audit of Investments o Contracts o Other Topics (Other Assurance and Non- o Partnership assurance Services) o Corporation FINANCIAL ACCOUNTING o Other Topics (PDIC Law, Secrecy of bank Deposits and Unclaimed Balances Law, AMLA o The Environment of FAR Law, Intellectual Property Law, Data Privacy o Inventories Act) o Biological Assets o PPE MAS o Investment Property o MAS Practice Standards o Intangible Assets o MA and Its Environment o Wasting Assets o Cost Concepts and Classifications o NCA Held for Sale o CVP Analysis o Cash and Cash Equivalents o Variable/Absorption Costing o Receivables o Cost Behavior – Determination and Prediction o Investments o Cost and Variance Analysis o Other Topics (Share-based payments, o Short-term Budget Borrowing Costs, Leases, income Tax, Employee o Analysis of Financial Statements Benefits, Interim Reporting, Segment Reporting, o Other Topics ( Finance, Macro and Cash to Accrual, PFRS for SMEs, PFRS on Micro Microeconomics) Enterprises)
ADVANCED ACCOUNTING
*Updates on Special Concerns: o Partnerships
o Joint Arrangements o Globalization o Corporate Liquidation o Digital and Information Technology o Installment Sales o Governance and Ethics o Long-term Construction Contracts o Regulatory Requirements and considerations o Franchise Accounting o Effective Business Communication o Home Office and Branch o Business Combination o Other Topics ( Accounting for Insurance Contracts, Accounting for BOT, Cost Accounting)