P1 - PROBLEM SOLVING P1 - LECTURE TOA QUESTIONNAIRES TOA - QUIZZER

# OF # OF # OF
SERIES PARTICULARS PARTICULARS SERIES PARTICULARS SERIES
ITEMS PAGES ITEMS
COMPREHENSIVE INCOME & ACCOUNTING
3401 STATEMENT OF COMPREHENSIVE INCOME 20 STATEMENT OF COMPREHENSIVE INCOME 4 TA-326 CHANGES 40 TAPW - 341

DISCONTINUED OPERATIONS & NON-CURRENT

ASSET HELD FOR SALE 1 INTERIM FINANCIAL REPORTS TAPW - 341
OPERATING SEGMENT, DISCONTINUED
3402 8 TA-328 20
OPERATION, NON-CURRENT ASSET HELD FOR SALE
OPERATING SEGMENTS 1 OPERATING SEGMENTS TAPW - 341

3403 STATEMENT OF FINANCIAL POSITIONS 12 TA-327 STATEMENT OF FINANCIAL POSITION, NOTES AND 30 TAPW - 341
STATEMENT OF FINANCIAL POSITIONS 4 OTHER DISCLOSURES
3404 CASH & CASH EQUIVALENTS 7 TA-330 CASH & CASH EQUIVALENTS 36 TAPW - 342
3405 LOANS & RECEIVABLES 13 RECEIVABLE 3 TA-331 RECEIVABLES 36 TAPW - 342

3406 INVENTORY 23 INVENTORIES 2 TA-332 INVENTORIES 36 TAPW - 342

3407 GOVERNMENT GRANT & AGRICULTURE 8 AGRICULTURE 3 TAPW - 342

FINANCIAL INSTRUMENTS - EQUITY INSTRUMENTS

3408 FINANCIAL INSTRUMENTS - EQUITY INSTRUMENTS 7 2 INVESTMENTS PART 1
OF ANOTHER ENTITY
TA-333 35
3409 INVESTMENT IN ASSOCIATES 8 INVESTMENT IN ASSOCIATE 3

TAPW - 343
3410 FINANCIAL INSTRUMENTS - DEBT INSTRUMENTS 7 INVESTMENT IN DEBT INSTRUMENTS (PAS 39) 3 INVESTMENTS PART 2
TA-334 30
INVESTMENT PROPERTY & OTHER LONG-TERM
3411 INVESTMENT PROPERTY & OTHER INVESTMENT 12 2
FUNDS

3412 PROPERTY, PLANT & EQUIPMENT 23 PROPERTY, PLANT & EQUIPMENT 6 TA-335 PROPERTY, PLANT & EQUIPMENT (PPE) 40 TAPW - 343

3413 INTANGIBLES 18 INTANGIBLES 4 TA-336 INTANGIBLE ASSETS & IMPAIRMENT OF ASSETS 36 TAPW - 343

3414 PROVISIONS & OTHER CURRENT LIABILITIES 14

3415 LIABILITIES - LONG-TERM 8 LIABILITIES 4

3416 LIABILITIES - LEASES (PAS 17) 18 TA-337 LIABILITIES 50

3417 LIABILITIES - DEFERRED TAX 10 LIABILITIES - DEFERRED TAX 2

LIABILITIES - DEBT RESTRUCTURING & POST

3418 12 LIABILITIES - DEBT RESTRUCTURING 4
RETIREMENT BENEFIT

3419 SHAREHOLDERS' EQUITY 18 SHAREHOLDERS EQUITY 3

TA-338 SHAREHOLDERS' EQUITY & EARNINGS PER SHARE 48
3420 BOOKVALUE & EARNINGS PER SHARE 10 BOOKVALUE & EARNINGS PER SHARE 2

3421 CASH & ACCRUAL/CASHFLOWS 13 RETAINED EARNINGS/ACCUMULATED P/L 2 TA-339 STATEMENT OF CASHFLOWS 40

LIABILITIES - LEASES PFRS 16 5 TA-340 SMALL & MEDIUM ENTITIES (SMEs) 40

TA-329 KEY PLAYERS IN ACCOUNTANCY 16
TA-325 THE ACCOUNTING PROCESS 36 TAPW - 341

TA-324 THE CONCEPTUAL FRAMEWORK 36 TAPW - 341

TA-34A REVENUE & CONSTRUCTION CONTRACTS 21

TA-34B BUSINESS COMBINATION & FS CONSOLIDATION 32

TA-34C FOREIGN CURRENCY & HYPERINFLATION 32

TA-34D COST ACCOUNTING, NGAS & NONPROFIT 56 TAPW - 341

ORGANIZATIONS
 TOA - QUIZZER AUDITING PROBLEMS AP- QUIZZER LECTURE NOTES (TOA for FAR & AFAR
# OF
PARTICULARS SERIES PARTICULARS SERIES PARTICULARS PAGE #
ITEMS
COMPREHENSIVE INCOME & ACCOUNTING ACCTG CHANGES, ERROR CORRECTIONS,
AP-100 CASH/ACCRUAL & SINGLE ENTRY 10 QUIZZER 1 PAS 8 & CASH/ACCRUAL, SINGLE ENTRY 5
CHANGES
INTERIM FINANCIAL REPORTS & NON CURRENT
ASSETS HELD FOR SALE 6

OPERATING SEGMENTS 12

STATEMENT OF FINANCIAL POSITION, NOTES AND 2-4

OTHER DISCLOSURES
CASH
RECEIVABLES CONVERSION CYCLE/ REVENUE & RECEIPT
QUIZZER 5 CASH & CASH EQUIVALENTS. RECEIVABLE &
AP-500 CYCLE/PURCHASING & & DISBURSEMENT CYCLE: 12 INVENTORIES
INVENTORIES AUDIT OF INVENTORIES, RECEIVABLES & CASH

AGRICULTURE 13-14

INVESTING CYCLE QUIZZER INVESTMENTS

INVESTMENTS AP-600 AUDIT OF INVESTMENTS (EQUITY & DEBT 10 17-24
6
SECURITIES, PAS 39, PAS 28)

PROPERTY, PLANT & EQUIPMENT (PPE)

AP-400 INVESTING CYCLE/CONVERSION CYCLE: AUDIT OF 10 QUIZZER 4 PPE & INTANGIBLES
PPE, INTANGIBLES, OTHER ASSETS
INTANGIBLE ASSETS

FINANCING CYCLE: AUDIT OF NON-TRADE

LIABILITIES, EXPENDITURE
AP-300 15 QUIZZER 3 LIABILITIES 9
DISBURSEMENT CYCLE: AUDIT OF TRADE
LIABILITIES

AP-200 FINANCING CYCLE: AUDIT OF STOCKHOLDERS' 20 QUIZZER 2 AUDIT OF STOCKHOLDERS' EQUITY

EQUITY
28

27

1
7
THE ACCOUNTING PROCESS 8

THE CONCEPTUAL FRAMEWORK 10

11

15

16

PHILIPPINE FINANCIAL REPORTING STANDARDS 25

26

29-30
 LECTURE NOTES (TOA for FAR & AFAR PRACTICAL ACCOUNTING 2 MAS LAW
# OF # OF
PARTICULARS SERIES PARTICULARS SERIES PARTICULARS QUIZZER SERIES
ITEMS ITEMS
PAS 8: ACCOUNTING POLICIES, CHANGES IN ACCOUNTING
AFAR-01 PARTNERSHIP FORMATION 11 MS-01 COST BEHAVIOR ANALYSIS 4 QUIZ-PART 1
ESTIMATES & ERRORS
PFRS 5: NON-CURRENT ASSETS HELD FOR SALE & COST-VOLUME-PROFIT (CVP)
DISCONTINUED OPERATIONS AFAR-02 PARTNERSHIP DISSOLUTION 27 MS-02 ANALYSIS 5 MAS MODULE #1 QUIZ-PART 2

PFRS 8: OPERATING SEGMENTS AFAR-03 CORPORATE LIQUIDATION 4 MS-03 ABSORPTION & VARIABLE COSTING 2 QUIZ-PART 3

PAS1: PRESENTATION OF FINANCIAL STATEMENTS AFAR-04 REVENUE RECOGNITION - INSTALLMENT SALES 8 MS-04 RELEVANT COSTING 8 QUIZ-PART 1
MAS MODULE #2
AFAR-05 CONSTRUCTION ACCOUNTING 5 MS-05 BUDGETING 4 QUIZ-PART 2
AFAR-06 FRANCHISE 10 MS-06 STANDARD COSTING 7 QUIZ-PART 3
RESPONSIBILITY ACCOUNTING &
AFAR-07 HO & BRANCH ACCOUNTING 14 MS-07 7 QUIZ-PART 1
TRANSFER PRICING
BUSINESS COMBINATION - STATUTORY MERGER & ACTIVITY-BASED COSTING (ABC) &
PAS 41: AGRICULTURE AFAR-08 16 MS-08 6 MAS MODULE #3 QUIZ-PART 2
STATUTORY CONSOLIDATION BALANCE SCORECARD

AFAR-09 SEPARATE & CONSOLIDATED FINANCIAL STATEMENTS 23 MS-09 QUANTITATIVE TECHNIQUES 8 QUIZ-PART 3

CONSOLIDATED FINANCIAL STATEMENTS -

AFAR-10 4 MS-10 CAPITAL BUDGETING 13 QUIZ-PART 1
INTERCOMPANY PROFITS ON INVENTORY
PFRS FOR SMALL & MEDIUM ENTITIES (SMEs)
CONSOLIDATED FINANCIAL STATEMENTS -
AFAR-11 4 MS-11 FINANCIAL MANAGEMENT 15 MAS MODULE #4 QUIZ-PART 2
INTERCOMPANY PROFITS ON PLANT ASSET TRANSFER

FOREIGN CURRENCY TRANSACTIONS W/ & W/O HEDGING

AFAR-12 11 MS-12 FINANCIAL STATEMENT ANALYSIS 8 MISSING
INSTRUMENTS

AFAR-13 COST ACCOUNTING - JOB ORDER COSTING 17 MAS-A MANAGEMENT ACCOUNTING 18

AFAR-14 COST ACCOUNTING - PROCESS COSTING 6 MAS-B MANAGEMENT ADVISORY SERVICES 20 QUIZ-PART 1

COST ACCOUNTING - JOINT PRODUCTS AND BY

AFAR-15 6 MAS-C PROJECT FEASIBILITY STUDY 8 QUIZ-PART 2
PRODUCTS
JIT PHILOSOPHY - BACKFLUSHING; ABC COSTING &
AFAR-16 9 MAS-D STRATEGIC COST MANAGEMENT 40 QUIZ-PART 3
OVERHEAD ALLOCATION
PAS 37: PROVISIONS, CONTIGENT LIABILITIES & AFAR-17 COST ACCOUNTING - STANDARD COSTING 2 MAS-E MACROECONOMICS 50 QUIZ-PART 1
CONTINGENT ASSETS

AFAR-18 ACCOUNTING FOR NOT-FOR-PROFIT ORGANIZATIONS MAS-F MICROECONOMICS 50 QUIZ-PART 2

AFAR-19 PFRS 11 - JOINT ARRANGEMENT MAS QUIZ 1 QUIZ-PART 3

AFAR-20 GOVERNMENT ACCOUNTING MANUAL MAS QUIZ 2 COOPERATIVES

PAS 33: EARNINGS PER SHARE (EPS) AFAR-21 SME-JOINT VENTURE MAS QUIZ 3
PFRS 4 - INSURANCE CONTRACTS/HEDGING OF NET
PAS 7: STATEMENT OF CASHFLOWS AFAR-22 MAS QUIZ 4
INVESTMENT IN FOREIGN OPERATIONS
THE CONCEPTUAL FRAMEWORK AFAR-23 BUSINESS COMBINATION AND GOODWILL MAS QUIZ 5
PAS 24: RELATED PARTY DISCLOSURES QUIZZER 1
PAS 10: EVENTS AFTER THE BALANCE SHEET DATE QUIZZER 2

EXCERPTS ON PHIL ACCOUNTANCY ACT OF 2004'S (IRR) P2-CA COST ACCOUNTING

PAS 34: INTERIM REPORTING

PFRS 3: BUSINESS COMBINATIONS

PFRS 10: CONSOLIDATION OF FINANCIAL STATEMENTS

PAS 27: SEPARATE FINANCIAL STATEMENTS
PAS 21: THE EFFECTS OF CHANGES IN FOREIGN EXCHANGE
RATES
PAS 29: FINANCIAL REPORTING IN HYPERINFLATIONARY
ECONOMIES
ACCOUNTING FOR BOT TRANSACTIONS
IFRIC 12: SERVICE CONCESSION ARRANGEMENTS
 LAW AUDITING THEORY TAXATION
# OF # OF
PARTICULARS SERIES PARTICULARS SERIES PARTICULARS DRILL#
ITEMS ITEMS
FUNDAMENTALS OF AUDITING & ASSURANCE
60 AT-01 SERVICES 20 TX-101A (1)

LAW ON SALES 50 AT-02 INTRODUCTION TO AUDITING 20 TX-101A (2)

TX-101 ESTATE TAX
50 AT-03 FINANCIAL STATEMENTS AUDITS-OVERVIEW 20 TX-101A (3)

50 AT-04 PRACTICE & REGULATIONS OF THE PROFESSION 52 TAX-102

(RA 9298
LAW ON OBLIGATION
50 AT-05 QUALITY CONTROLS 35 TX-201 DONOR'S TAX TAX-201 A
50 AT-06 FS AUDIT PROCESS - PRE-ENGAGEMENT 17 TX-202 DONOR'S TAX INTEGRATED CASES

56 AT-07 FS AUDIT PROCESS - AUDIT PLANNING 40 TX-301 VAT-SUBJECT TRANSACTIONS TAX-301 A

AT-08 UNDERSTANDING OF THE ENTITY & ITS

LAW ON CONTRACTS 54 14 TX-302 VAT-EXEMPT TRANSACTIONS TAX-302 A
ENVIRONMENT

AT-09 UNDERSTANDING OF THE ENTITY'S INTERNAL

50 31 TX-303 INPUT TAXES TAX-303 A
CONTROL

71 AT-10 RISK ASSESSMENT & RESPONSE TO ASSESS RISKS 30 TX-304 COMPLIANCE REQUIREMENTS TAX-304 A

NEGOTIABLE AT-11 FURTHER AUDIT PROCEDURES (TESTS OF

50 31 TX-305 VAT INTEGRATED CASES
INSTRUMENTS LAW COTNROLS)

AT-12 FURTHER AUDIT PROCEDURES (SUSBSTANTIVE 32 OTHER PERCENTAGE TAXES 1 TX-401A (1)
TESTS)
TX-401
LAW ON PLEDGE &
60 AT-13 FRAUD, ERROR & NON-COMPLIANCE 27 OTHER PERCENTAGE TAXES 2 TX-401A (2)
MORTGAGE

70 AT-14 INFORMATION TECHNOLOGY 55 TX-501 INCOME TAX (INDIVIDUALS, ESTATES & TRUSTS) TAX-501-A

LAW ON 50 AT-15 AUDIT SAMPLING 56 TAX-502 TAX RATES FOR INDIVIDUALS TAXPAYER, ESTATES & TRUSTS) TAX-502-A
PARTNERSHIP

AT-16 AUDITOR'S REPORTS ON GENERAL-PURPOSE

50 27 TAX-601 INCOME TAX (CORPORATIONS, PARTNERSHIPS, ETC) TAX-601-A
FINANCIAL STATEMENTS

AT-17 MODIFICATION TO THE AUDITOR'S REPORT &

60 28 TAX-602 CORPORATION (INCOME TAX RATES) TAX-602-A
REPORTS ON COMPARATIVES
LAW ON
60 AT-18 COMPLETING THE AUDIT 27 TAX-701 SOURCES OF INCOME TAX-701-A
CORPORATION

60 AT-19 SPECIAL CONSIDERATIONS 46 TAX-801 INCOME TAX (ITEMS OF GROSS INCOME) TAX-801-A

COOPERATIVES 206 AT-20 CODE OF ETHICS FOR CPAs IN THE PHILIPPINES 61 TAX-802 INCOME TAX (EXCLUSION FROM GROSS INCOME) TAX-802-A

AUDITING THEORY - REVIEW QUESTIONS 1 75 TAX-901 INCOME TAX (FRINGE BENEFITS & FRINGE BENEFIT TAX) TAX-901-A

TAX-1001 INCOME TAX (CAPITAL ASSETS & CAPITAL GAINS & LOSSES) TAX-1001-A

TAX-1101 DEDUCTIONS FROM GROSS INCOME TAX-1101-A

75 TAX-1102 SPECIAL ALLOWABLE ITEMIZED DEDUCTIONS TAX-1101-B
TAX-1201 INCOME TAX (ACCOUNTING PERIOD & METHODS) TAX-1201-A
TAX-1301-A
TAX-1301 INCOME TAX (ITR & PAYMENT OF TAX) (PART 1)
TAX-1301A CREDITABLE WITHHOLDING TAX
TAX-1301-A
TAX-1301B FINAL WITHHOLDING TAX (PART 2)

TAX-1401 ADDITIONS TO TAX TAX-1401-A

TAX-1501 AUTHORITY OF THE COMMISSIONER OF INTERNAL REVENUE TAX-1501-A

TAX-1502-A (1
TAX-1502 TAX REMEDIES & 2)

TAX-1601 BASIC PRINCIPLES (INHERENT POWERS) TAX-1601-A

TAX-1602 BASIC PRINCIPLES (LIMITATIONS ON POWER OF TAXATION) TAX-1602-A

TAX-1603 BASIC PRINCIPLES (TAX & OTHER CHARGES) TAX-1603-A

TAX-1604 POWERS AND AUTHORITY OF THE COMMISSIONER OF INTERNAL REVENUE (PER TAX CODE) TAX-1604-A
 # OF
TOPIC (all with answer key) ITEMS

DRILL IN GROSS ESTATE 30

DRILL IN DEDUCTIONS 40

DRILL IN ESTATE TAX RETURN & PAYMENT ON ESTATE TAX 20

ESTATE TAX INTEGRATED CASES 4

DRILL IN DONOR'S TAX 60

6

DRILL IN VAT-SUBJECT TRANSACTIONS 60

DRILL IN VAT-EXEMPT TRANSACTIONS 40

DRILL IN INPUT TAXES 50

DRILL IN COMPLIANCE REQUIREMENTS 40

10

DRILL IN OTHER PERCENTAGE TAXES 1 40

DRILL IN OTHER PERCENTAGE TAXES 2 55

DRILL IN INCOME TAX 50

DRILL IN INCOME TAX 40

DRILL IN CORPORATE INCOME TAX 45

DRILL IN CORPORATE INCOME TAX 45

DRILL IN SOURCES OF INCOME 20

DRILL IN ITEMS OF INCOME 45

DRILL IN EXCLUSIONS FROM GROSS INCOME 45

DRILL IN FRINGE BENEFITS & FRINGE BENEFIT TAX 45

DRILL IN CAPITAL ASSETS & CAPITAL GAINS & LOSSES 25

DRILL IN DEDUCTIONS FROM GROSS INCOME 50

DRILL IN DEDUCTIONS FROM GROSS INCOME 50
DRILL IN ACCOUNTING PERIODS & METHODS 25

DRILL IN INCOME TAX RETURNS 50

DRILL IN INCOME TAX RETURNS 20

DRILL IN ADDITION TO TAX 25

DRILL IN AUTHORITY OF THE COMMISSIONER OF INTERNAL 50

REVENUE

DRILL IN TAX REMEDIES 75

DRILL IN BASIC PRINCIPLES (INHERENT POWERS) 25

DRILL IN BASIC PRINCIPLES (LIMITATIONS ON POWER OF

40
TAXATION)
DRILL IN BASIC PRINCIPLES (TAX & OTHER CHARGES) 35

DRILL IN BASIC PRINCIPLES (POWERS OF THE CIR) 60