FINANCIAL ACCOUNTING AND REPORTING

WEEK TOPIC ASSESSMENT DATE

WEEK 1 Cash and Cash Equivalents, Receivables part 1 FEBRUARY 3 (W1 and W2)
WEEK 2 Receivable Part 2, Inventories February 24 (W3)
WEEK 3 Biological Assets, PPE, Government Grants and
Borrowing Cost
WEEK 4 Wasting Assets, Intangible Assets, Impairment MARCH 3 (W4)
WEEK 5 Non-Current Asset Held for Sale, Investment March 17 (W5 and W6)
Properties, Investment in Equity Securities
WEEK 6 Investment in Debt Securities, Derivatives and
Other Investments
WEEK 7 REVIEW WEEK FOR PREBOARD EXAMINATION
ST
WEEK 8 1 CPA PREBOARD EXAMINATION MARCH 24-25, 2023
WEEK 9 Current Liabilities, Provision and Notes Payable, APRIL 14 (W9 and W10)
Bond Payable April 28 (W11)
WEEK 10 Compound Financial Instrument, Extinguishment
of Liabilities, Leases, Employee Benefits
WEEK 11 Income Taxes, Shareholder’s Equity, Share Based
Payment
WEEK 12 Book Value per Share, Earning per Share, MAY 12 (W12)
Financial Statements, Events after Reporting May 26 (W13)
Period, Operating Segments
WEEK 13 Interim Financial Reporting, Related parties,
Accounting Changes and Errors, Cash to Accrual
Basis
WEEK 14 SMEs, Accountancy and PFRS, Conceptual
Framework and Accounting Process
WEEK 15 REVIEW WEEK FOR PREBOARD EXAMINATION
WEEK 16 FINAL CPA PREBOARD EXAMINATION MAY 27-28, 2023

SUBJECT ITEMS TIME

FAR 30 3 HOURS
AFAR 30 (9:00-12:00)
AUD (AT/AP) 15/15
MAS 30 3 HOURS
TAX 30 (1:30-4:30)
RFBT 30
 AUDITING THEORY
WEEK TOPIC ASSESSMENT DATE
WEEK 1 Practice and Regulation of the Profession, Code FEBRUARY 3 (W1 and W2)
of Ethics February 24 (W3)
WEEK 2 Fundamentals of Assurance, Introduction to
Auditing
WEEK 3 Overview of Audit Process and Pre-engagement
WEEK 4 Auditing Planning MARCH 3 (W4)
WEEK 5 Internal Control Consideration and Transaction March 17 (W5 and W6)
Cycles
WEEK 6 Fraud, Error, Non Compliance and Substantive
Testing
WEEK 7 REVIEW WEEK FOR PREBOARD EXAMINATION
WEEK 8 1ST CPA PREBOARD EXAMINATION MARCH 24-25, 2023
WEEK 9 Audit Sampling APRIL 14 (W9 and W10)
WEEK 10 Completing the Audit and Audit Documentation April 28 (W11)
WEEK 11 Systems of Quality Control
WEEK 12 Audit Reporting – General FS MAY 12 (W12)
WEEK 13 IT Audit May 26 (W13)
WEEK 14 Auditing in Specialized Industry
WEEK 15 REVIEW WEEK FOR PREBOARD EXAMINATION
WEEK 16 FINAL CPA PREBOARD EXAMINATION MAY 27-28, 2023

SUBJECT ITEMS TIME

FAR 30 3 HOURS
AFAR 30 (9:00-12:00)
AUD (AT/AP) 15/15
MAS 30 3 HOURS
TAX 30 (1:30-4:30)
RFBT 30
 AUDITING PROBLEMS
WEEK TOPIC ASSESSMENT DATE
WEEK 1 Cash to Accrual, Correction of Errors FEBRUARY 3 (W1 and W2)
WEEK 2 Shareholder’s equity and Share based payment February 24 (W3)
WEEK 3 Cash and Cash Equivalent
WEEK 4 Trade and Other Receivables MARCH 3 (W4)
WEEK 5 Inventories March 17 (W5 and W6)
WEEK 6 Investment and Derivatives
WEEK 7 REVIEW WEEK FOR PREBOARD EXAMINATION
WEEK 8 1ST CPA PREBOARD EXAMINATION MARCH 25-26, 2023
WEEK 9 Notes and Bond Payable APRIL 14 (W9 and W10)
WEEK 10 PPE April 28 (W11)
WEEK 11 Intangible Assets, Investment in Property,
Revaluation of PPE
WEEK 12 Current Liabilities, Leases MAY 12 (W12)
WEEK 13 Accounting for Income taxes, Employee Benefits May 26 (W13)
WEEK 14 Statement of Cash Flows and Financial
Statements
WEEK 15 REVIEW WEEK FOR PREBOARD EXAMINATION
WEEK 16 FINAL CPA PREBOARD EXAMINATION MAY 27-28, 2023

SUBJECT ITEMS TIME

FAR 30 3 HOURS
AFAR 30 (9:00-12:00)
AUD (AT/AP) 15/15
MAS 30 3 HOURS
TAX 30 (1:30-4:30)
RFBT 30
 REGULATORY FRAMEWORK FOR BUSINESS TRANSACTIONS
WEEK TOPIC ASSESSMENT DATE
WEEK 1 Obligations; Contracts FEBRUARY 3 (W1 and W2)
WEEK 2 Partnership; Corporations Part 1 February 24 (W3)
WEEK 3 Corporations Part 2
WEEK 4 Corporations Part 3 MARCH 3 (W4)
WEEK 5 Cooperatives March 17 (W5 and W6)
WEEK 6 Sales and Consumer Protection
WEEK 7 REVIEW WEEK FOR PREBOARD EXAMINATION
WEEK 8 1ST CPA PREBOARD EXAMINATION MARCH 25-26, 2023
WEEK 9 Banking Laws; AMLA APRIL 14 (W9 and W10)
WEEK 10 Intellectual Property April 28 (W11)
WEEK 11 Data Privacy Act; E-Commerce Act
WEEK 12 Government Procurement Law; Labor and SSS MAY 12 (W12)
Law May 26 (W13)
WEEK 13 Insurance Law; Philippine Competition Act
WEEK 14 FRIA
WEEK 15 REVIEW WEEK FOR PREBOARD EXAMINATION
WEEK 16 FINAL CPA PREBOARD EXAMINATION MAY 27-28, 2023

SUBJECT ITEMS TIME

FAR 30 3 HOURS
AFAR 30 (9:00-12:00)
AUD (AT/AP) 15/15
MAS 30 3 HOURS
TAX 30 (1:30-4:30)
RFBT 30
 TAXATION
WEEK TOPIC ASSESSMENT DATE
WEEK 1 Introduction to taxation; Income tax FEBRUARY 3 (W1 and W2)
fundamentals February 24 (W3)
WEEK 2 Final tax and capital gains tax
WEEK 3 Gross income – exclusions and inclusions
WEEK 4 Special gross income rules MARCH 3 (W4)
WEEK 5 Deductions principles; Deductions from gross March 17 (W5 and W6)
income
WEEK 6 Individual income tax; Corporate income tax
WEEK 7 REVIEW WEEK FOR PREBOARD EXAMINATION
WEEK 8 1ST CPA PREBOARD EXAMINATION MARCH 25-26, 2023
WEEK 9 Estate tax APRIL 14 (W9 and W10)
WEEK 10 Donor’s tax; Consumption tax fundamentals April 28 (W11)
WEEK 11 Percentage tax
WEEK 12 VAT MAY 12 (W12)
WEEK 13 Miscellaneous items and remedies May 26 (W13)
WEEK 14 Local tax; Preferential tax
WEEK 15 REVIEW WEEK FOR PREBOARD EXAMINATION
WEEK 16 FINAL CPA PREBOARD EXAMINATION MAY 27-28, 2023

SUBJECT ITEMS TIME

FAR 30 3 HOURS
AFAR 30 (9:00-12:00)
AUD (AT/AP) 15/15
MAS 30 3 HOURS
TAX 30 (1:30-4:30)
RFBT 30
 ADVANCED FINANCIAL ACCOUNTING AND REPORTING
WEEK TOPIC ASSESSMENT DATE
WEEK 1 Partnership Accounting FEBRUARY 3 (W1 and W2)
WEEK 2 Corporate Liquidation February 24 (W3)
WEEK 3 Decentralized Operation
WEEK 4 Business Combination MARCH 3 (W4)
WEEK 5 Separate and Consolidated FS March 17 (W5 and W6)
WEEK 6 Joint Arrangement and Forex
WEEK 7 REVIEW WEEK FOR PREBOARD EXAMINATION
WEEK 8 1ST CPA PREBOARD EXAMINATION MARCH 25-26, 2023
WEEK 9 Forex and Hyperinflation APRIL 14 (W9 and W10)
WEEK 10 Derivatives and Hedge Accounting April 28 (W11)
WEEK 11 Not for Profit Arrangement; Government
Accounting Concepts; Insurance Contract
Concepts
WEEK 12 Service Concession Arrangement & PFRS 15; Cost MAY 12 (W12)
Accounting; Standard Costing; Joint and By- May 26 (W13)
product Costing
WEEK 13 Revenue Recognition; G/S Franchise and Other
SME
WEEK 14 Construction Contracts (SME); Franchise
Accounting (US GAAP); Installment Sales (US
GAAP)
WEEK 15 REVIEW WEEK FOR PREBOARD EXAMINATION
WEEK 16 FINAL CPA PREBOARD EXAMINATION MAY 27-28, 2023

SUBJECT ITEMS TIME

FAR 30 3 HOURS
AFAR 30 (9:00-12:00)
AUD (AT/AP) 15/15
MAS 30 3 HOURS
TAX 30 (1:30-4:30)
RFBT 30
 MANAGEMENT ADVISORY SERVICES
WEEK TOPIC ASSESSMENT DATE
WEEK 1 Basic Consideration in Mas, Variable and FEBRUARY 3 (W1 and W2)
Absorption Costing February 24 (W3)
WEEK 2 CVP and BEP
WEEK 3 FS Analysis and Budgeting
WEEK 4 Variance Analysis MARCH 3 (W4)
WEEK 5 Performance Evaluation and Transfer Pricing March 17 (W5 and W6)
WEEK 6 Quantitative Techniques and Strategic Cost
Management
WEEK 7 REVIEW WEEK FOR PREBOARD EXAMINATION
WEEK 8 1ST CPA PREBOARD EXAMINATION MARCH 25-26, 2023
WEEK 9 Working Capital Management APRIL 14 (W9 and W10)
WEEK 10 Short Term Financing and Long-term financing April 28 (W11)
WEEK 11 Capital Budgeting
WEEK 12 Risk and Return MAY 12 (W12)
WEEK 13 Economics May 26 (W13)
WEEK 14 Other Consideration in Management Advisory
Services
WEEK 15 REVIEW WEEK FOR PREBOARD EXAMINATION
WEEK 16 FINAL CPA PREBOARD EXAMINATION MAY 27-28, 2023

SUBJECT ITEMS TIME

FAR 30 3 HOURS
AFAR 30 (9:00-12:00)
AUD (AT/AP) 15/15
MAS 30 3 HOURS
TAX 30 (1:30-4:30)
RFBT 30