ROAD MAP TO CPA EXAMINATION 33 Warranty 65 Audit of Liabilities

34 Bonuses 66 Audit of Shareholder's Equity

FINANCIAL ACCOUNTING AND REPORTING
35 Points 67 Audit of Other I/S Items
1 History of Accounting
36 Returnable Containers 68 Overview of Assurance Engagements and Audit
2 History andProcess of formulation of Accounting Standards
37 Other Current Liabilities 69 Pre-engagement Activities
3 Conceptual Framework
38 Provision, Contingent Liabilities and Contingent Assets 70 Audit Planning (General)
4 Accounting Process
39 Accounting for Income Taxes 71 Understanding the entity and its environment
5 Cash, Accrual and Hybrid Method of Accounting
40 Leases (Lessor) 72 Transaction Cycles
6 Single Entry
41 Leases(Lessee) 73 Understanding the Internal Control and its elements
7 PAS-1- Statement of Financial Position
42 Sale and Leaseback 74 Setting of Materiality
8 PAS-1- Statement of Comprehensive Income
43 Short-term Employee Benefits 75 Audit Risk Assessment
9 PAS-1- Disclosures and Other Disclosures
44 Retirement Benefits 76 Tests of Control
10 PAS-7- Statement of Cash Flows
45 Share-based Compensation 77 Substantive Tests
11 Cash and Cash Equivalents
46 Shareholder's Equity General 78 Audit Sampling
12 Accounts Receivable and Financing
47 Retained Earnings 79 Completing the Audit
13 Loans Receivable
48 Quasi-Reorganization 80 Audit Report
14 Notes Receivable
49 Earnings per share 81 Report of Other Engagements
15 Inventory Valuation
50 Diluted Earnings per share 82 Code of Ethics
16 Inventory Estimation
51 Book Value per share 83 R.A 9298
17 Retail Inventory Method
52 Non-Current Assets Held for sale and Discontinued Operations
18 Biological Assets (PAS 41)
53 Hyperinflationary Economies
19 Property, Plant and Equipment (Acquisition) ADVANCED FINANCIAL ACCOUNTING AND REPORTING
54 Interim Financial Accounting and Reporting
20 Borrowing Cost 84 Formation of Partnership
55 Operating Segments
21 Depreciation 85 Operations
56 Correction of Errors
22 Revaluation Surplus 86 Partnership Dissolution
57 PFRS for SMEs
23 Impairment 87 Liquidation of Partnership
58 Revenue Recognition Principle
88 Joint Arrangement
24 Intangible Assets and Research and Development Expenses
89 Corporate Liquidation
25 Cash Generating Units
90 Installment Sales
26 Depletion AUDITING
91 Long – term Construction Contracts – IAS 11 / PFRS 15
27 Investment in Bonds 59 Audit of Cash
92 Franchise Operations – IAS 18 / IFRS 15
28 Investment in Equity Securities 60 Audit of Receivables
93 Accounting for Home Office, Branch and Agency Transactions
29 Investment in Associate 61 Audit of Inventories
94 Accounting for Business Combination (Acquisition Date)
30 Life Insurance 62 Audit of Investments
95 Accounting for Business Combination (Subsquent to Acquisition)
31 Sinking Fund 63 Audit of Property Plant and Equipment
96 Foreign Currency Transactions
32 Premiums 64 Audit of Intangibles
 Translation of Foreign Currency Financial Statements (PAS 132 Forecasting Techniques 167 Ordinary Corporations PART 1
97 21/PAS 29) 133 PERTCPM
168 Ordinary Corporations PART 2
98 Hedging- Futures Contract/Forward Contract 134 Queuing Theory or Waiting Line Analysis
169 Special Corporations
99 Hedging- Purchase/Firm Commitment 135 Linear Programming
136 Management Information System 170 PEZA and BOI
100 Hedging- Future or Forecasted Transaction
137 Balanced Scorecard 171 Corporation
101 Hedging- Foreign Investment
138 Weighted Average Cost of Capital BIR and BOC
102 Hedging- Speculation 172
139 Capital Budgeting Techniques
103 Hedging- Option Contracts 140 Working Capital Management
104 Not – for – profit organizations 141 Cash & Marketable Securities Management
142 Receivable Management REGULATORY FRAMEWORK FOR BUSINESSES
105 Government Accounting – General Fund
Account for insurance contracts by insurers (PFRS 4) 143 Inventory Management 173 Obligations
106
144 Short-term liability management
107 Account for build, operate & transfer (IFRIC 12) 174 Contracts
145 Financial Statement Analysis
108 Overview of Manufacturing Entities 146 Microeconomics 175 Sales
109 Cost Classification 147 Macroeconomics Pledge, Real Mortgage and Chattel Mortgage
176
110 Job Order Costing 148 Management Concepts and Emerging Trends
177 Negotiable Instruments (Promissory notes)
111 Accounting for Scrap, Waste, Rework and Spoilage
178 Negotiable Instruments (Bill of Exchange)
112 Factory Overhead Departmentalization
TAXATION 179 Negotiable Instruments- Other Provisions
113 Process Costing System
Backflush/JIT Costing System 149 Fundamental Principles of Taxation Bouncing Checks Law
114 180
Activity Based Costing System 150 Real Property Tax Partnership Law
115 181
116 Joint and By Products 151 Community Tax
182 Corporations Law
117 Standard Costing 152 BMBE (Barangay Micro Business Enterprise)
183 Cooperatives
153 Senior Citizen
184 PDIC Law
154 Persons with Disability
MANAGEMENT SERVICES 185 Secrecy of Bank Deposits and Unclaimed Balances Law
155 Remedies of the State
118 Management Consultancy Services AMLA Law
156 Remedies of the Taxpayer 186
119 Management Services Practice Standards
187 Intellectual Property Law (Except Provisions under part 1 IPO)
120 classification of costs 157 Common Remedies, Limitations to Remedies, Addition to Tax
121 CVP Analysis 188 Data Privacy Act
158 Donor's Tax
122 Absorption Costing vs variable costing Electronic Commerce Act
159 Estate Tax PART 1 189
123 Preparation of Master Budget
124 Project Feasibility Study 160 Estate Tax PART 2
125 Relevant Costing 161 Value Added Tax PART 1
126 Standard Costing and Variance Analysis Value Added Tax PART 2
162
127 Activity Based Costing and Management
163 Other Percentage Tax
128 Pricing
129 Transfer Pricing 164 Income Taxation - Individual PART 1
130 Responsibility Accounting 165 Income Taxation - Individual PART 2
131 Probability Concepts Income Taxation - Individual PART 3
166